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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
+1.98%
1 Year Est. Return
+12.52%
3 Year Est. Return
+37.38%
5 Year Est. Return
+44.93%
10 Year Est. Return
–
AUM
$400M
AUM Growth
+$12.5M
Cap. Flow
+$13.2M
Cap. Flow %
3.29%
Top 10 Hldgs %
48.52%
Holding
42
New
3
Increased
17
Reduced
9
Closed
1

Top Buys

Rank Stock Value
1
EGP icon
EastGroup Properties
EGP
+$6.14M
2
MANH icon
Manhattan Associates
MANH
+$4.46M
3
MIR icon
Mirion Technologies
MIR
+$3.71M
4
TECH icon
Bio-Techne
TECH
+$3.59M
5
DOCS icon
Doximity
DOCS
+$2.1M

Top Sells

Rank Stock Value
1
ANSS
Ansys
ANSS
+$11.6M
2
BRKR icon
Bruker
BRKR
+$3.21M
3
SITM icon
SiTime
SITM
+$2.32M
4
CGNX icon
Cognex
CGNX
+$1.78M
5
MASI
Masimo
MASI
+$1.5M

Sector Composition

Rank Sector Weight
1 Technology 36.99%
2 Industrials 17.29%
3 Healthcare 16.44%
4 Financials 8.4%
5 Consumer Staples 5.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BSY icon
1
Bentley Systems
BSY
$10.2B
$23.7M 5.93%
460,900
+24,000
+5% +$1.31M
NVMI
2
Nova
NVMI
$13.6B
$23.6M 5.88%
73,680
+1,850
+3% +$511K
TYL icon
3
Tyler Technologies
TYL
$13B
$21.2M 5.3%
40,575
+2,500
+7% +$1.4M
TECH icon
4
Bio-Techne
TECH
$11.2B
$20.1M 5.03%
362,050
+67,100
+23% +$3.59M
LRN icon
5
Stride
LRN
$3.83B
$19.7M 4.92%
132,200
+12,200
+10% +$1.79M
MANH icon
6
Manhattan Associates
MANH
$9.42B
$18.9M 4.72%
92,160
+21,100
+30% +$4.46M
HLI icon
7
Houlihan Lokey
HLI
$9.75B
$18.3M 4.56%
89,000
+8,000
+10% +$1.57M
ROL icon
8
Rollins
ROL
$18.8B
$17.4M 4.36%
297,000
+32,000
+12% +$1.82M
TREX icon
9
Trex
TREX
$4.57B
$16.7M 4.16%
322,462
+22,000
+7% +$1.34M
TMDX icon
10
Transmedics
TMDX
$2.57B
$14.7M 3.66%
130,586
+4,650
+4% +$544K
AWK icon
11
American Water Works
AWK
$26.3B
$13.6M 3.39%
97,540
+11,000
+13% +$1.55M
PAYC icon
12
Paycom
PAYC
$7.05B
$13.2M 3.3%
63,500
+6,000
+10% +$1.35M
FN icon
13
Fabrinet
FN
$16.9B
$12M 3.01%
33,000
– –
VEEV icon
14
Veeva Systems
VEEV
$31.6B
$12M 2.99%
40,200
+4,400
+12% +$1.24M
BCPC
15
Balchem Corp
BCPC
$5.29B
$11.8M 2.95%
78,700
+4,300
+6% +$678K
HWKN icon
16
Hawkins
HWKN
$2.94B
$10.8M 2.7%
59,100
– –
SITM icon
17
SiTime
SITM
$15.7B
$10.5M 2.63%
35,000
-10,000
-22% -$2.32M
CSW
18
CSW Industrials
CSW
$4.78B
$9.71M 2.43%
40,000
– –
ALRM icon
19
Alarm.com
ALRM
$2.65B
$8.72M 2.18%
164,300
-13,300
-7% -$742K
EXPO icon
20
Exponent
EXPO
$3.04B
$8.45M 2.11%
121,600
– –
MSCI icon
21
MSCI
MSCI
$41.5B
$8.14M 2.03%
14,350
+1,600
+13% +$904K
FCN icon
22
FTI Consulting
FCN
$4.88B
$8.08M 2.02%
50,000
– –
GGG icon
23
Graco
GGG
$13B
$7.65M 1.91%
90,000
– –
TW icon
24
Tradeweb Markets
TW
$21.7B
$7.21M 1.8%
65,000
+12,500
+24% +$1.61M
BRKR icon
25
Bruker
BRKR
$9.14B
$7.17M 1.79%
220,600
-90,100
-29% -$3.21M
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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TFG
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Montanaro Asset Management's Q3 2025 Portfolio in Review

As of Q3 2025, Montanaro Asset Management held 42 positions worth $400M, up 3.2% from $388M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Montanaro Asset Management deployed $13.2M of net new capital in Q3 2025, opening 3 new positions and adding to 17 existing holdings. Its largest new stake was EastGroup Properties: 37,000 shares worth $6.26M.

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

On the sell side, the largest reduction was Bruker, an estimated $3.21M trimmed.

  • Montanaro Asset Management's largest Q3 2025 buy was EastGroup Properties: 37,000 shares worth $6.26M.
  • Montanaro Asset Management added most to Manhattan Associates in Q3 2025, an estimated $4.46M increase.
  • Montanaro Asset Management's biggest Q3 2025 reduction was Bruker, cutting an estimated $3.21M.
  • Montanaro Asset Management fully exited Ansys in Q3 2025, selling an estimated $11.6M.
  • Montanaro Asset Management's ten largest holdings make up 49% of its $400M portfolio in Q3 2025.
  • Montanaro Asset Management opened 3 new positions and closed 1 in Q3 2025.
  • Montanaro Asset Management's portfolio value rose 3.2% quarter-over-quarter to $400M.

Based on Montanaro Asset Management's 13F filing for Q3 2025, filed 13 Nov 2025.