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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
-5.5%
1 Year Est. Return
+12.52%
3 Year Est. Return
+37.38%
5 Year Est. Return
+44.93%
10 Year Est. Return
–
AUM
$341M
AUM Growth
-$144M
Cap. Flow
-$114M
Cap. Flow %
-33.47%
Top 10 Hldgs %
44.47%
Holding
49
New
2
Increased
5
Reduced
32
Closed
3

Top Buys

Rank Stock Value
1
FSS icon
Federal Signal
FSS
+$1.64M
2
HQY icon
HealthEquity
HQY
+$1.57M
3
TMDX icon
Transmedics
TMDX
+$938K
4
BRBR icon
BellRing Brands
BRBR
+$734K
5
TW icon
Tradeweb Markets
TW
+$532K

Top Sells

Rank Stock Value
1
IEX icon
IDEX
IEX
+$9.42M
2
POWI icon
Power Integrations
POWI
+$8.66M
3
BMI icon
Badger Meter
BMI
+$6.88M
4
AWK icon
American Water Works
AWK
+$6.75M
5
ICLR icon
Icon
ICLR
+$6.65M

Sector Composition

Rank Sector Weight
1 Technology 36.59%
2 Industrials 18.87%
3 Healthcare 17.11%
4 Financials 7.8%
5 Consumer Staples 7.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TYL icon
1
Tyler Technologies
TYL
$13B
$24.1M 7.07%
41,461
-10,899
-21% -$6.47M
LRN icon
2
Stride
LRN
$3.83B
$17.8M 5.22%
140,600
-42,900
-23% -$5.42M
TREX icon
3
Trex
TREX
$4.57B
$17M 4.99%
292,800
-23,100
-7% -$1.5M
TECH icon
4
Bio-Techne
TECH
$11.2B
$15M 4.41%
256,600
-75,900
-23% -$5.14M
ROL icon
5
Rollins
ROL
$18.8B
$14M 4.12%
260,000
+4,000
+2% +$201K
BRKR icon
6
Bruker
BRKR
$9.14B
$13.3M 3.9%
318,700
-108,250
-25% -$5.63M
AWK icon
7
American Water Works
AWK
$26.3B
$12.9M 3.78%
87,300
-51,200
-37% -$6.75M
HLI icon
8
Houlihan Lokey
HLI
$9.75B
$12.8M 3.77%
79,500
-15,500
-16% -$2.66M
BCPC
9
Balchem Corp
BCPC
$5.29B
$12.4M 3.65%
74,900
-32,600
-30% -$5.35M
BSY icon
10
Bentley Systems
BSY
$10.2B
$12.2M 3.57%
309,239
-63,977
-17% -$2.86M
NVMI
11
Nova
NVMI
$13.6B
$11.8M 3.47%
64,125
-11,833
-16% -$2.73M
ANSS
12
DELISTED
Ansys
ANSS
$10.8M 3.18%
34,206
-11,044
-24% -$3.7M
MANH icon
13
Manhattan Associates
MANH
$9.42B
$10.7M 3.14%
61,920
-15,020
-20% -$3.13M
TMDX icon
14
Transmedics
TMDX
$2.57B
$10.3M 3.03%
153,675
+13,640
+10% +$938K
CSW
15
CSW Industrials
CSW
$4.78B
$10.2M 2.99%
35,000
– –
EXPO icon
16
Exponent
EXPO
$3.04B
$10.1M 2.95%
124,200
-44,100
-26% -$3.84M
ALRM icon
17
Alarm.com
ALRM
$2.65B
$9.73M 2.85%
174,790
-63,510
-27% -$3.81M
VEEV icon
18
Veeva Systems
VEEV
$31.6B
$9.32M 2.73%
40,230
-21,920
-35% -$5.01M
BRBR icon
19
BellRing Brands
BRBR
$1.52B
$8.19M 2.4%
110,000
+10,000
+10% +$734K
GGG icon
20
Graco
GGG
$13B
$7.52M 2.2%
90,000
– –
FCN icon
21
FTI Consulting
FCN
$4.88B
$7.38M 2.17%
45,000
– –
SITM icon
22
SiTime
SITM
$15.7B
$6.98M 2.05%
45,659
-221
-0.5% -$42.4K
TW icon
23
Tradeweb Markets
TW
$21.7B
$6.98M 2.05%
47,000
+4,000
+9% +$532K
MSCI icon
24
MSCI
MSCI
$41.5B
$6.79M 1.99%
12,000
-5,000
-29% -$2.91M
FN icon
25
Fabrinet
FN
$16.9B
$6.67M 1.96%
33,759
-261
-0.8% -$57K
1
2

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Montanaro Asset Management's Q1 2025 Portfolio in Review

As of Q1 2025, Montanaro Asset Management held 49 positions worth $341M, down 30% from $484M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Montanaro Asset Management withdrew a net $114M in Q1 2025, closing 3 positions and reducing 32 holdings. Its most notable exit was IDEX, an estimated $9.42M position sold in full.

By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 40% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Montanaro Asset Management opened a new position in Federal Signal worth $1.35M.

  • Montanaro Asset Management's largest Q1 2025 buy was Federal Signal: 18,400 shares worth $1.35M.
  • Montanaro Asset Management added most to Transmedics in Q1 2025, an estimated $938K increase.
  • Montanaro Asset Management's biggest Q1 2025 reduction was Power Integrations, cutting an estimated $8.66M.
  • Montanaro Asset Management fully exited IDEX in Q1 2025, selling an estimated $9.42M.
  • Montanaro Asset Management's ten largest holdings make up 44% of its $341M portfolio in Q1 2025.
  • Montanaro Asset Management opened 2 new positions and closed 3 in Q1 2025.
  • Montanaro Asset Management's portfolio value fell 30% quarter-over-quarter to $341M.

Based on Montanaro Asset Management's 13F filing for Q1 2025, filed 13 May 2025.