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MAM

Montanaro Asset Management Portfolio holdings

AUM $334M
1-Year Est. Return 12.52%
This Fund
S&P 500
This Quarter Est. Return
+5.96%
1 Year Est. Return
+12.52%
3 Year Est. Return
+37.38%
5 Year Est. Return
+44.93%
10 Year Est. Return
–
AUM
$614M
AUM Growth
-$38.7M
Cap. Flow
-$58.6M
Cap. Flow %
-9.54%
Top 10 Hldgs %
47.22%
Holding
49
New
1
Increased
18
Reduced
18
Closed
2

Top Buys

Rank Stock Value
1
VEEV icon
Veeva Systems
VEEV
+$6.7M
2
POWI icon
Power Integrations
POWI
+$6.09M
3
SITM icon
SiTime
SITM
+$2.87M
4
NVMI
Nova
NVMI
+$1.29M
5
FORM icon
FormFactor
FORM
+$1.21M

Top Sells

Rank Stock Value
1
CTLT
CATALENT, INC.
CTLT
+$14M
2
DXCM icon
DexCom
DXCM
+$10.7M
3
SEDG icon
SolarEdge
SEDG
+$10.1M
4
CGNX icon
Cognex
CGNX
+$7.05M
5
XYL icon
Xylem
XYL
+$5.24M

Sector Composition

Rank Sector Weight
1 Technology 35.25%
2 Healthcare 29.08%
3 Industrials 21.54%
4 Financials 5.21%
5 Utilities 3.26%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BRKR icon
1
Bruker
BRKR
$9.14B
$40.1M 6.53%
587,150
-10,250
-2% -$651K
ICLR icon
2
Icon
ICLR
$13B
$34.8M 5.66%
178,900
-4,500
-2% -$892K
TECH icon
3
Bio-Techne
TECH
$11.2B
$32.1M 5.23%
387,800
-20,000
-5% -$1.59M
ANSS
4
DELISTED
Ansys
ANSS
$30.6M 4.98%
126,550
-5,000
-4% -$1.16M
SEDG icon
5
SolarEdge
SEDG
$2.62B
$30.3M 4.93%
107,030
-37,950
-26% -$10.1M
TREX icon
6
Trex
TREX
$4.57B
$28.9M 4.71%
683,000
-45,000
-6% -$2.04M
IEX icon
7
IDEX
IEX
$16.6B
$25M 4.07%
109,500
-15,000
-12% -$3.35M
NVMI
8
Nova
NVMI
$13.6B
$24.6M 4%
300,725
+15,850
+6% +$1.29M
VEEV icon
9
Veeva Systems
VEEV
$31.6B
$22.8M 3.71%
141,350
+39,200
+38% +$6.7M
CGNX icon
10
Cognex
CGNX
$10.2B
$20.9M 3.4%
443,700
-150,500
-25% -$7.05M
TYL icon
11
Tyler Technologies
TYL
$13B
$20.9M 3.4%
64,750
+1,750
+3% +$572K
MSCI icon
12
MSCI
MSCI
$41.5B
$20.6M 3.35%
44,300
-700
-2% -$326K
AWK icon
13
American Water Works
AWK
$26.3B
$20M 3.26%
131,400
-27,500
-17% -$3.97M
BCPC
14
Balchem Corp
BCPC
$5.29B
$19.3M 3.14%
158,000
+2,500
+2% +$330K
IDXX icon
15
Idexx Laboratories
IDXX
$43.9B
$19.2M 3.12%
47,050
-750
-2% -$291K
XYL icon
16
Xylem
XYL
$28.6B
$18.7M 3.04%
169,000
-50,000
-23% -$5.24M
ENTG icon
17
Entegris
ENTG
$19.2B
$18.6M 3.02%
283,000
-70,050
-20% -$5.16M
ERII icon
18
Energy Recovery
ERII
$439M
$18M 2.93%
879,000
+10,000
+1% +$219K
MASI
19
DELISTED
Masimo
MASI
$17.6M 2.86%
118,750
+2,250
+2% +$310K
ALRM icon
20
Alarm.com
ALRM
$2.65B
$16.2M 2.64%
328,000
-50,000
-13% -$2.76M
ZS icon
21
Zscaler
ZS
$23.8B
$13.8M 2.25%
123,600
+5,000
+4% +$679K
BMI icon
22
Badger Meter
BMI
$3.71B
$12.6M 2.05%
115,500
-40,500
-26% -$4.4M
AMRC icon
23
Ameresco
AMRC
$1.12B
$11.9M 1.94%
209,000
-20,000
-9% -$1.22M
HLI icon
24
Houlihan Lokey
HLI
$9.87B
$11.4M 1.86%
131,000
+1,000
+0.8% +$89.9K
WMS icon
25
Advanced Drainage Systems
WMS
$11B
$11.2M 1.83%
137,000
-25,000
-15% -$2.53M
1
2

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RWI
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Montanaro Asset Management's Q4 2022 Portfolio in Review

As of Q4 2022, Montanaro Asset Management held 49 positions worth $614M, down 5.9% from $653M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Montanaro Asset Management withdrew a net $58.6M in Q4 2022, closing 2 positions and reducing 18 holdings. Its most notable exit was CATALENT, INC., an estimated $14M position sold in full.

By sector, the portfolio is most concentrated in Technology at 35% of assets, down from 37% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Montanaro Asset Management opened a new position in Power Integrations worth $6.12M.

  • Montanaro Asset Management's largest Q4 2022 buy was Power Integrations: 85,325 shares worth $6.12M.
  • Montanaro Asset Management added most to Veeva Systems in Q4 2022, an estimated $6.7M increase.
  • Montanaro Asset Management's biggest Q4 2022 reduction was SolarEdge, cutting an estimated $10.1M.
  • Montanaro Asset Management fully exited CATALENT, INC. in Q4 2022, selling an estimated $14M.
  • Montanaro Asset Management's ten largest holdings make up 47% of its $614M portfolio in Q4 2022.
  • Montanaro Asset Management opened 1 new position and closed 2 in Q4 2022.
  • Montanaro Asset Management's portfolio value fell 5.9% quarter-over-quarter to $614M.

Based on Montanaro Asset Management's 13F filing for Q4 2022, filed 8 Feb 2023.