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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
-8.33%
1 Year Est. Return
+12.52%
3 Year Est. Return
+37.38%
5 Year Est. Return
+44.93%
10 Year Est. Return
–
AUM
$568M
AUM Growth
-$63.9M
Cap. Flow
+$3.41M
Cap. Flow %
0.6%
Top 10 Hldgs %
47.29%
Holding
45
New
–
Increased
15
Reduced
12
Closed
–

Top Buys

Rank Stock Value
1
EXPO icon
Exponent
EXPO
+$11.3M
2
BSY icon
Bentley Systems
BSY
+$8.68M
3
BRKR icon
Bruker
BRKR
+$2.5M
4
MSCI icon
MSCI
MSCI
+$2.36M
5
FN icon
Fabrinet
FN
+$2.08M

Top Sells

Rank Stock Value
1
TREX icon
Trex
TREX
+$9.43M
2
IDXX icon
Idexx Laboratories
IDXX
+$5.24M
3
ICLR icon
Icon
ICLR
+$5.19M
4
WMS icon
Advanced Drainage Systems
WMS
+$2.87M
5
CGNX icon
Cognex
CGNX
+$2.85M

Sector Composition

Rank Sector Weight
1 Technology 36.61%
2 Healthcare 25.42%
3 Industrials 21.37%
4 Financials 5.68%
5 Materials 4.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ICLR icon
1
Icon
ICLR
$13B
$36.5M 6.42%
148,300
-20,600
-12% -$5.19M
BRKR icon
2
Bruker
BRKR
$9.14B
$33.1M 5.82%
531,300
+37,150
+8% +$2.5M
TECH icon
3
Bio-Techne
TECH
$11.2B
$27.8M 4.9%
408,800
+20,000
+5% +$1.58M
TYL icon
4
Tyler Technologies
TYL
$13B
$27.7M 4.87%
71,750
+1,750
+3% +$687K
ANSS
5
DELISTED
Ansys
ANSS
$27.7M 4.87%
92,975
+1,425
+2% +$451K
TREX icon
6
Trex
TREX
$4.57B
$25.6M 4.5%
415,500
-137,500
-25% -$9.43M
VEEV icon
7
Veeva Systems
VEEV
$31.6B
$25.5M 4.49%
125,550
-8,000
-6% -$1.61M
NVMI
8
Nova
NVMI
$13.6B
$23.4M 4.12%
208,225
– –
BCPC
9
Balchem Corp
BCPC
$5.29B
$23.3M 4.1%
188,000
– –
AWK icon
10
American Water Works
AWK
$26.3B
$18.1M 3.19%
146,400
+10,000
+7% +$1.4M
IEX icon
11
IDEX
IEX
$16.6B
$18.1M 3.18%
87,000
+1,500
+2% +$325K
ERII icon
12
Energy Recovery
ERII
$439M
$18M 3.17%
848,250
-750
-0.1% -$20K
EXPO icon
13
Exponent
EXPO
$3.04B
$17.5M 3.08%
204,500
+124,500
+156% +$11.3M
MSCI icon
14
MSCI
MSCI
$41.5B
$17.2M 3.02%
33,500
+4,500
+16% +$2.36M
BMI icon
15
Badger Meter
BMI
$3.71B
$16.3M 2.86%
113,000
– –
ALRM icon
16
Alarm.com
ALRM
$2.65B
$16.1M 2.83%
263,000
– –
POWI icon
17
Power Integrations
POWI
$3.53B
$15.9M 2.81%
209,000
+15,000
+8% +$1.28M
HLI icon
18
Houlihan Lokey
HLI
$9.75B
$15.1M 2.66%
141,000
+2,000
+1% +$206K
WMS icon
19
Advanced Drainage Systems
WMS
$11B
$14.6M 2.57%
128,500
-23,500
-15% -$2.87M
BSY icon
20
Bentley Systems
BSY
$10.2B
$14.5M 2.55%
288,875
+172,625
+148% +$8.68M
ENTG icon
21
Entegris
ENTG
$19.2B
$14.2M 2.49%
151,000
-20,000
-12% -$2M
XYL icon
22
Xylem
XYL
$28.6B
$13.6M 2.39%
149,000
– –
CGNX icon
23
Cognex
CGNX
$10.2B
$12.7M 2.23%
298,500
-58,000
-16% -$2.85M
MASI
24
DELISTED
Masimo
MASI
$12.5M 2.19%
142,250
– –
SEDG icon
25
SolarEdge
SEDG
$2.62B
$11.5M 2.02%
88,675
-5,625
-6% -$1.08M
1
2

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Montanaro Asset Management's Q3 2023 Portfolio in Review

As of Q3 2023, Montanaro Asset Management held 45 positions worth $568M, down 10% from $632M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Trading was light in Q3 2023: portfolio turnover was 0%. Montanaro Asset Management opened no new positions and made no exits, leaving the 45-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Industrials.

  • Montanaro Asset Management added most to Exponent in Q3 2023, an estimated $11.3M increase.
  • Montanaro Asset Management's biggest Q3 2023 reduction was Trex, cutting an estimated $9.43M.
  • Montanaro Asset Management's ten largest holdings make up 47% of its $568M portfolio in Q3 2023.
  • Montanaro Asset Management opened 0 new positions and closed 0 in Q3 2023.
  • Montanaro Asset Management's portfolio value fell 10% quarter-over-quarter to $568M.

Based on Montanaro Asset Management's 13F filing for Q3 2023, filed 13 Nov 2023.