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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
+8.97%
1 Year Est. Return
+12.52%
3 Year Est. Return
+37.38%
5 Year Est. Return
+44.93%
10 Year Est. Return
–
AUM
$632M
AUM Growth
-$11.6M
Cap. Flow
-$53.9M
Cap. Flow %
-8.52%
Top 10 Hldgs %
48.66%
Holding
46
New
1
Increased
16
Reduced
16
Closed
1

Top Buys

Rank Stock Value
1
POWI icon
Power Integrations
POWI
+$5.32M
2
FN icon
Fabrinet
FN
+$2.67M
3
BCPC
Balchem Corp
BCPC
+$2.25M
4
SEDG icon
SolarEdge
SEDG
+$1.72M
5
MASI
Masimo
MASI
+$1.48M

Top Sells

Rank Stock Value
1
IDXX icon
Idexx Laboratories
IDXX
+$19.1M
2
ENTG icon
Entegris
ENTG
+$10.3M
3
TREX icon
Trex
TREX
+$7.64M
4
MSCI icon
MSCI
MSCI
+$6.98M
5
BRKR icon
Bruker
BRKR
+$6.67M

Sector Composition

Rank Sector Weight
1 Technology 36.18%
2 Healthcare 27.84%
3 Industrials 21.11%
4 Financials 4.31%
5 Materials 4.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ICLR icon
1
Icon
ICLR
$13B
$42.3M 6.68%
168,900
-10,500
-6% -$2.23M
BRKR icon
2
Bruker
BRKR
$9.14B
$36.5M 5.78%
494,150
-87,500
-15% -$6.67M
TREX icon
3
Trex
TREX
$4.57B
$36.3M 5.73%
553,000
-137,000
-20% -$7.64M
TECH icon
4
Bio-Techne
TECH
$11.2B
$31.7M 5.02%
388,800
+1,000
+0.3% +$80.4K
ANSS
5
DELISTED
Ansys
ANSS
$30.2M 4.78%
91,550
-6,000
-6% -$1.9M
TYL icon
6
Tyler Technologies
TYL
$13B
$29.2M 4.61%
70,000
+3,500
+5% +$1.35M
VEEV icon
7
Veeva Systems
VEEV
$31.6B
$26.4M 4.18%
133,550
-17,300
-11% -$3.16M
SEDG icon
8
SolarEdge
SEDG
$2.62B
$25.4M 4.01%
94,300
+6,000
+7% +$1.72M
BCPC
9
Balchem Corp
BCPC
$5.29B
$25.3M 4.01%
188,000
+17,500
+10% +$2.25M
NVMI
10
Nova
NVMI
$13.6B
$24.4M 3.86%
208,225
-62,500
-23% -$6.39M
ERII icon
11
Energy Recovery
ERII
$439M
$23.7M 3.75%
849,000
-70,000
-8% -$1.75M
MASI
12
DELISTED
Masimo
MASI
$23.4M 3.7%
142,250
+8,500
+6% +$1.48M
CGNX icon
13
Cognex
CGNX
$10.2B
$20M 3.16%
356,500
-95,500
-21% -$4.94M
AWK icon
14
American Water Works
AWK
$26.3B
$19.5M 3.08%
136,400
+5,000
+4% +$734K
ENTG icon
15
Entegris
ENTG
$19.2B
$19M 3%
171,000
-113,500
-40% -$10.3M
IEX icon
16
IDEX
IEX
$16.6B
$18.4M 2.91%
85,500
+5,000
+6% +$1.05M
POWI icon
17
Power Integrations
POWI
$3.53B
$18.4M 2.9%
194,000
+63,675
+49% +$5.32M
WMS icon
18
Advanced Drainage Systems
WMS
$11B
$17.3M 2.73%
152,000
-12,500
-8% -$1.18M
XYL icon
19
Xylem
XYL
$28.6B
$16.8M 2.65%
149,000
+7,500
+5% +$793K
BMI icon
20
Badger Meter
BMI
$3.71B
$16.7M 2.64%
113,000
+7,500
+7% +$1.03M
HLI icon
21
Houlihan Lokey
HLI
$9.75B
$13.7M 2.16%
139,000
+8,000
+6% +$724K
MSCI icon
22
MSCI
MSCI
$41.5B
$13.6M 2.15%
29,000
-14,300
-33% -$6.98M
ALRM icon
23
Alarm.com
ALRM
$2.65B
$13.6M 2.15%
263,000
-75,000
-22% -$3.69M
XPEL icon
24
XPEL
XPEL
$1.18B
$9.25M 1.46%
109,850
+6,000
+6% +$443K
IDXX icon
25
Idexx Laboratories
IDXX
$43.9B
$7.78M 1.23%
15,500
-39,800
-72% -$19.1M
1
2

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RWI
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PMA
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PCM
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VFIC
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Montanaro Asset Management's Q2 2023 Portfolio in Review

As of Q2 2023, Montanaro Asset Management held 46 positions worth $632M, down 1.8% from $644M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Montanaro Asset Management withdrew a net $53.9M in Q2 2023, closing 1 position and reducing 16 holdings. Its most notable exit was Digital Turbine, an estimated $816K position sold in full.

By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Montanaro Asset Management opened a new position in Fabrinet worth $3.25M.

  • Montanaro Asset Management's largest Q2 2023 buy was Fabrinet: 25,000 shares worth $3.25M.
  • Montanaro Asset Management added most to Power Integrations in Q2 2023, an estimated $5.32M increase.
  • Montanaro Asset Management's biggest Q2 2023 reduction was Idexx Laboratories, cutting an estimated $19.1M.
  • Montanaro Asset Management fully exited Digital Turbine in Q2 2023, selling an estimated $816K.
  • Montanaro Asset Management's ten largest holdings make up 49% of its $632M portfolio in Q2 2023.
  • Montanaro Asset Management opened 1 new position and closed 1 in Q2 2023.
  • Montanaro Asset Management's portfolio value fell 1.8% quarter-over-quarter to $632M.

Based on Montanaro Asset Management's 13F filing for Q2 2023, filed 11 Aug 2023.