13F HOLDINGS REPORT
Montanaro Asset Management Ltd
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0001831133-25-000003
Total Value
$400.4M
Positions
41
Other Managers
0
Confidential Omitted
No
Holdings (41)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BENTLEY SYS INC | BSY | 460,900 | $23.7M | 5.93% |
| 2 | NOVA LTD | NVMI | 73,680 | $23.6M | 5.88% |
| 3 | TYLER TECHNOLOGIES INC | TYL | 40,575 | $21.2M | 5.30% |
| 4 | BIO-TECHNE CORP | TECH | 362,050 | $20.1M | 5.03% |
| 5 | STRIDE INC | LRN | 132,200 | $19.7M | 4.92% |
| 6 | MANHATTAN ASSOCIATES INC | MANH | 92,160 | $18.9M | 4.72% |
| 7 | HOULIHAN LOKEY INC | HLI | 89,000 | $18.3M | 4.56% |
| 8 | ROLLINS INC | ROL | 297,000 | $17.4M | 4.36% |
| 9 | TREX CO INC | TREX | 322,462 | $16.7M | 4.16% |
| 10 | TRANSMEDICS GROUP INC | TMDX | 130,586 | $14.7M | 3.66% |
| 11 | AMERICAN WTR WKS CO INC NEW | 030420103 | 97,540 | $13.6M | 3.39% |
| 12 | PAYCOM SOFTWARE INC | PAYC | 63,500 | $13.2M | 3.30% |
| 13 | FABRINET | FN | 33,000 | $12.0M | 3.01% |
| 14 | VEEVA SYS INC | VEEV | 40,200 | $12.0M | 2.99% |
| 15 | BALCHEM CORP | BCPC | 78,700 | $11.8M | 2.95% |
| 16 | HAWKINS INC | HWKN | 59,100 | $10.8M | 2.70% |
| 17 | SITIME CORP | SITM | 35,000 | $10.5M | 2.63% |
| 18 | CSW INDUSTRIALS INC | CSW | 40,000 | $9.7M | 2.42% |
| 19 | ALARM COM HLDGS INC | ALRM | 164,300 | $8.7M | 2.18% |
| 20 | EXPONENT INC | EXPO | 121,600 | $8.4M | 2.11% |
| 21 | MSCI INC | MSCI | 14,350 | $8.1M | 2.03% |
| 22 | FTI CONSULTING INC | FCN | 50,000 | $8.1M | 2.02% |
| 23 | GRACO INC | GGG | 90,000 | $7.6M | 1.91% |
| 24 | TRADEWEB MKTS INC | 892672106 | 65,000 | $7.2M | 1.80% |
| 25 | BRUKER CORP | BRKRP | 220,600 | $7.2M | 1.79% |
| 26 | EASTGROUP PPTYS INC | 277276101 | 37,000 | $6.3M | 1.56% |
| 27 | FEDERAL SIGNAL CORP | FSS | 41,300 | $4.9M | 1.23% |
| 28 | FORMFACTOR INC | FORM | 125,000 | $4.6M | 1.14% |
| 29 | STEVANATO GROUP S P A | STVN | 175,000 | $4.5M | 1.13% |
| 30 | ENTEGRIS INC | ENTG | 48,600 | $4.5M | 1.12% |
| 31 | BELLRING BRANDS INC | BRBR | 110,000 | $4.0M | 1.00% |
| 32 | MIRION TECHNOLOGIES INC | MIR | 171,600 | $4.0M | 1.00% |
| 33 | ADVANCED DRAIN SYS INC DEL | 00790R104 | 26,600 | $3.7M | 0.92% |
| 34 | ENERGY RECOVERY INC | ERII | 205,560 | $3.2M | 0.79% |
| 35 | HEALTHEQUITY INC | HQY | 32,900 | $3.1M | 0.78% |
| 36 | COGNEX CORP | CGNX | 66,312 | $3.0M | 0.75% |
| 37 | TRANSCAT INC | TRNS | 40,000 | $2.9M | 0.73% |
| 38 | DOXIMITY INC | DOCS | 32,200 | $2.4M | 0.59% |
| 39 | BADGER METER INC | BMI | 12,000 | $2.1M | 0.54% |
| 40 | UNIVERSAL DISPLAY CORP | OLED | 14,000 | $2.0M | 0.50% |
| 41 | MASIMO CORP | MASI | 12,960 | $1.9M | 0.48% |