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TCM

Tributary Capital Management Portfolio holdings

AUM $1.22B
1-Year Est. Return 44.12%
This Fund
S&P 500
This Quarter Est. Return
+4.04%
1 Year Est. Return
+44.12%
3 Year Est. Return
+82.34%
5 Year Est. Return
+109.28%
10 Year Est. Return
+466.43%
AUM
$1.11B
AUM Growth
-$23.2M
Cap. Flow
-$48.9M
Cap. Flow %
-4.43%
Top 10 Hldgs %
24.31%
Holding
176
New
12
Increased
18
Reduced
132
Closed
10

Top Buys

Rank Stock Value
1
CNMD icon
CONMED
CNMD
+$10.8M
2
CON
Concentra Group Holdings
CON
+$10.8M
3
PLUS icon
ePlus
PLUS
+$10.4M
4
NOG icon
Northern Oil and Gas
NOG
+$3.27M
5
SLP icon
Simulations Plus
SLP
+$3.01M

Top Sells

Rank Stock Value
1
NVEE
NV5 Global
NVEE
+$16M
2
AVNS
Avanos Medical
AVNS
+$9.92M
3
SUPN icon
Supernus Pharmaceuticals
SUPN
+$9.73M
4
VTLE
Vital Energy
VTLE
+$6.26M
5
PATK icon
Patrick Industries
PATK
+$6.17M

Sector Composition

Rank Sector Weight
1 Technology 21.49%
2 Industrials 18.56%
3 Financials 17.82%
4 Healthcare 11.05%
5 Consumer Discretionary 10.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MBWM icon
51
Mercantile Bank Corp
MBWM
$1.04B
$11.2M 1.01%
248,701
-9,508
-4% -$452K
CASS icon
52
Cass Information Systems
CASS
$742M
$10.8M 0.98%
275,548
-10,605
-4% -$452K
CTS icon
53
CTS Corp
CTS
$1.88B
$10.6M 0.96%
264,451
-10,200
-4% -$423K
CON
54
Concentra Group Holdings
CON
$4.41B
$10.6M 0.96%
+504,266
New +$10.8M
PLUS icon
55
ePlus
PLUS
$2.38B
$10.5M 0.95%
+147,797
New +$10.4M
UTZ icon
56
Utz Brands
UTZ
$1.25B
$10.3M 0.93%
844,488
-29,933
-3% -$397K
LGIH icon
57
LGI Homes
LGIH
$1.43B
$9.98M 0.9%
193,036
-6,877
-3% -$401K
CNMD icon
58
CONMED
CNMD
$1.49B
$9.77M 0.88%
+207,836
New +$10.8M
SLP icon
59
Simulations Plus
SLP
$371M
$8.57M 0.78%
568,490
+207,214
+57% +$3.01M
AMN icon
60
AMN Healthcare
AMN
$1.35B
$8.05M 0.73%
415,955
-18,869
-4% -$369K
NVDA icon
61
NVIDIA
NVDA
$5.38T
$4.26M 0.39%
22,810
-2,490
-10% -$434K
AAPL icon
62
Apple
AAPL
$4.57T
$3.62M 0.33%
14,230
-1,985
-12% -$448K
MSFT icon
63
Microsoft
MSFT
$3.73T
$3.51M 0.32%
6,780
-1,317
-16% -$672K
GOOG icon
64
Alphabet (Google) Class C
GOOG
$4.34T
$2.5M 0.23%
10,270
-535
-5% -$112K
AMZN icon
65
Amazon
AMZN
$2.98T
$2.05M 0.19%
9,330
+50
+0.5% +$11.3K
META icon
66
Meta Platforms (Facebook)
META
$1.51T
$1.68M 0.15%
2,290
-120
-5% -$89.3K
AVGO icon
67
Broadcom
AVGO
$2.02T
$1.57M 0.14%
+4,770
New +$1.46M
BURL icon
68
Burlington
BURL
$23.3B
$1.44M 0.13%
5,652
-2,279
-29% -$619K
CASY icon
69
Casey's General Stores
CASY
$30.7B
$1.44M 0.13%
2,540
-1,136
-31% -$594K
PTC icon
70
PTC
PTC
$16.2B
$1.36M 0.12%
6,681
-1,728
-21% -$352K
SF
71
Stifel
SF
$12.6B
$1.33M 0.12%
17,646
-10,248
-37% -$767K
MKL icon
72
Markel Group
MKL
$23.2B
$1.32M 0.12%
690
-185
-21% -$363K
CACI icon
73
CACI
CACI
$13.7B
$1.32M 0.12%
2,637
-580
-18% -$280K
JPM icon
74
JPMorgan Chase
JPM
$944B
$1.19M 0.11%
3,770
-205
-5% -$61K
SSB icon
75
SouthState Bank Corp
SSB
$10.5B
$1.17M 0.11%
11,863
-2,613
-18% -$257K
1 2
3
4 5

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Tributary Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Tributary Capital Management held 176 positions worth $1.11B, down 2.1% from $1.13B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Tributary Capital Management withdrew a net $48.9M in Q3 2025, closing 10 positions and reducing 132 holdings. Its most notable exit was NV5 Global, an estimated $16M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Industrials and Financials.

Against the trend, Tributary Capital Management opened a new position in CONMED worth $9.77M.

  • Tributary Capital Management's largest Q3 2025 buy was CONMED: 207,836 shares worth $9.77M.
  • Tributary Capital Management added most to Northern Oil and Gas in Q3 2025, an estimated $3.27M increase.
  • Tributary Capital Management's biggest Q3 2025 reduction was Patrick Industries, cutting an estimated $6.17M.
  • Tributary Capital Management fully exited NV5 Global in Q3 2025, selling an estimated $16M.
  • Tributary Capital Management's ten largest holdings make up 24% of its $1.11B portfolio in Q3 2025.
  • Tributary Capital Management opened 12 new positions and closed 10 in Q3 2025.
  • Tributary Capital Management's portfolio value fell 2.1% quarter-over-quarter to $1.11B.

Based on Tributary Capital Management's 13F filing for Q3 2025, filed 23 Oct 2025.