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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
+13.05%
1 Year Est. Return
+12.52%
3 Year Est. Return
+37.38%
5 Year Est. Return
+44.93%
10 Year Est. Return
–
AUM
$644M
AUM Growth
+$29.6M
Cap. Flow
-$38M
Cap. Flow %
-5.9%
Top 10 Hldgs %
48.79%
Holding
47
New
–
Increased
18
Reduced
12
Closed
2

Top Buys

Rank Stock Value
1
IDXX icon
Idexx Laboratories
IDXX
+$3.95M
2
POWI icon
Power Integrations
POWI
+$3.74M
3
MASI
Masimo
MASI
+$2.53M
4
WMS icon
Advanced Drainage Systems
WMS
+$2.42M
5
BSY icon
Bentley Systems
BSY
+$1.86M

Top Sells

Rank Stock Value
1
ZS icon
Zscaler
ZS
+$14.6M
2
AMRC icon
Ameresco
AMRC
+$11.9M
3
ANSS
Ansys
ANSS
+$8.18M
4
IEX icon
IDEX
IEX
+$6.58M
5
SEDG icon
SolarEdge
SEDG
+$5.71M

Sector Composition

Rank Sector Weight
1 Technology 35.08%
2 Healthcare 31.1%
3 Industrials 19.03%
4 Financials 5.54%
5 Materials 3.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BRKR icon
1
Bruker
BRKR
$9.14B
$45.9M 7.12%
581,650
-5,500
-0.9% -$397K
ICLR icon
2
Icon
ICLR
$13B
$38.3M 5.95%
179,400
+500
+0.3% +$111K
TREX icon
3
Trex
TREX
$4.57B
$33.6M 5.21%
690,000
+7,000
+1% +$354K
ANSS
4
DELISTED
Ansys
ANSS
$32.5M 5.04%
97,550
-29,000
-23% -$8.18M
TECH icon
5
Bio-Techne
TECH
$11.2B
$28.8M 4.47%
387,800
– –
NVMI
6
Nova
NVMI
$13.6B
$28.3M 4.39%
270,725
-30,000
-10% -$2.81M
VEEV icon
7
Veeva Systems
VEEV
$31.6B
$27.7M 4.31%
150,850
+9,500
+7% +$1.62M
IDXX icon
8
Idexx Laboratories
IDXX
$43.9B
$27.7M 4.29%
55,300
+8,250
+18% +$3.95M
SEDG icon
9
SolarEdge
SEDG
$2.62B
$26.8M 4.17%
88,300
-18,730
-17% -$5.71M
MASI
10
DELISTED
Masimo
MASI
$24.7M 3.83%
133,750
+15,000
+13% +$2.53M
MSCI icon
11
MSCI
MSCI
$41.5B
$24.2M 3.76%
43,300
-1,000
-2% -$529K
TYL icon
12
Tyler Technologies
TYL
$13B
$23.6M 3.66%
66,500
+1,750
+3% +$569K
ENTG icon
13
Entegris
ENTG
$19.2B
$23.3M 3.62%
284,500
+1,500
+0.5% +$122K
CGNX icon
14
Cognex
CGNX
$10.2B
$22.4M 3.48%
452,000
+8,300
+2% +$420K
BCPC
15
Balchem Corp
BCPC
$5.29B
$21.6M 3.35%
170,500
+12,500
+8% +$1.62M
ERII icon
16
Energy Recovery
ERII
$439M
$21.2M 3.29%
919,000
+40,000
+5% +$879K
AWK icon
17
American Water Works
AWK
$26.3B
$19.2M 2.99%
131,400
– –
IEX icon
18
IDEX
IEX
$16.6B
$18.6M 2.89%
80,500
-29,000
-26% -$6.58M
ALRM icon
19
Alarm.com
ALRM
$2.65B
$17M 2.64%
338,000
+10,000
+3% +$515K
XYL icon
20
Xylem
XYL
$28.6B
$14.8M 2.3%
141,500
-27,500
-16% -$2.87M
WMS icon
21
Advanced Drainage Systems
WMS
$11B
$13.9M 2.15%
164,500
+27,500
+20% +$2.42M
BMI icon
22
Badger Meter
BMI
$3.71B
$12.9M 2%
105,500
-10,000
-9% -$1.17M
HLI icon
23
Houlihan Lokey
HLI
$9.75B
$11.5M 1.78%
131,000
– –
POWI icon
24
Power Integrations
POWI
$3.53B
$11M 1.71%
130,325
+45,000
+53% +$3.74M
SITM icon
25
SiTime
SITM
$15.7B
$8.19M 1.27%
57,550
+5,000
+10% +$614K
1
2

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Montanaro Asset Management's Q1 2023 Portfolio in Review

As of Q1 2023, Montanaro Asset Management held 47 positions worth $644M, up 4.8% from $614M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Montanaro Asset Management withdrew a net $38M in Q1 2023, closing 2 positions and reducing 12 holdings. Its most notable exit was Ameresco, an estimated $11.9M position sold in full.

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

Against the trend, Montanaro Asset Management added an estimated $3.95M to Idexx Laboratories.

  • Montanaro Asset Management added most to Idexx Laboratories in Q1 2023, an estimated $3.95M increase.
  • Montanaro Asset Management's biggest Q1 2023 reduction was Zscaler, cutting an estimated $14.6M.
  • Montanaro Asset Management fully exited Ameresco in Q1 2023, selling an estimated $11.9M.
  • Montanaro Asset Management's ten largest holdings make up 49% of its $644M portfolio in Q1 2023.
  • Montanaro Asset Management opened 0 new positions and closed 2 in Q1 2023.
  • Montanaro Asset Management's portfolio value rose 4.8% quarter-over-quarter to $644M.

Based on Montanaro Asset Management's 13F filing for Q1 2023, filed 18 Apr 2023.