Institutional Manager · CIK 0001742418
Dundas Partners LLP
EDINBURGH, X0 · File #028-18806
Latest AUM
$1.42B
Positions
50
Top-10 Concentration
51.5%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | ACCENTURE PLC CL A | ACN | -58,733 | -$15.8M | +$3.2M |
| REDUCE | ALCON AG | ALC | -139,368 | -$11.1M | +$2.1M |
| REDUCE | AMPHENOL CORP NEW | 032095101 | -73,360 | -$9.9M | +$6.9M |
| ADD | RESMED INC | RSMDF | +29,845 | +$7.2M | -$5.8M |
| ADD | MASTERCARD INCORPORATED | MA | +12,158 | +$6.9M | +$92,030 |
| REDUCE | ROSS STORES INC | ROST | -25,081 | -$4.5M | +$7.5M |
| REDUCE | AMERICAN EXPRESS CO | AXP | -11,531 | -$4.3M | +$7.1M |
| ADD | INTUIT | INTU | +4,789 | +$3.2M | -$896,683 |
| ADD | BROWN & BROWN INC | BRO | +33,262 | +$2.7M | -$8.9M |
| REDUCE | AUTOMATIC DATA PROCESSING INC | ADP | -9,139 | -$2.4M | -$5.5M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202550 pos · $1.42B
- 13F HOLDINGS REPORTQ/E Sep 202551 pos · $1.42B
- 13F HOLDINGS REPORTQ/E Jun 202550 pos · $1.44B
- 13F HOLDINGS REPORTQ/E Mar 202551 pos · $1.36B
- 13F HOLDINGS REPORTQ/E Dec 202451 pos · $1.43B
- 13F HOLDINGS REPORTQ/E Sep 202452 pos · $1.39B
- 13F HOLDINGS REPORTQ/E Jun 202451 pos · $1.3M
- 13F HOLDINGS REPORTQ/E Mar 202446 pos · $1.3M
- 13F HOLDINGS REPORTQ/E Dec 202350 pos · $1.0M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ALPHABET INC CL C | GOOG | 295,344 | $92.7M | 6.53% |
| 2 | MICROSOFT CORP | MSFT | 182,458 | $88.2M | 6.21% |
| 3 | TAIWAN SEMICONDUCTOR SP ADR | 874039100 | 282,161 | $85.7M | 6.04% |
| 4 | WR BERKLEY CORP | WRB-PH | 1,161,472 | $81.4M | 5.73% |
| 5 | AMPHENOL CORP NEW | 032095101 | 532,801 | $72.0M | 5.07% |
| 6 | APPLIED MATERIALS INC | 038222105 | 274,132 | $70.4M | 4.96% |
| 7 | AMERICAN EXPRESS CO | AXP | 177,649 | $65.7M | 4.63% |
| 8 | VISA INC CLASS A SHARES | V | 178,743 | $62.7M | 4.41% |
| 9 | THERMO FISHER SCIENTIFIC INC | TMO | 98,406 | $57.0M | 4.02% |
| 10 | ANALOG DEVICES INC | ADI | 201,876 | $54.7M | 3.86% |
| 11 | ABBOTT LABORATORIES | ABLZF | 428,307 | $53.7M | 3.78% |
| 12 | BROWN & BROWN INC | BRO | 666,803 | $53.1M | 3.74% |
| 13 | NASDAQ INC | NDAQ | 521,726 | $50.7M | 3.57% |
| 14 | RESMED INC | RSMDF | 204,962 | $49.4M | 3.48% |
| 15 | BOOKING HOLDINGS INC | BKNG | 8,305 | $44.5M | 3.13% |
| 16 | ROSS STORES INC | ROST | 245,228 | $44.2M | 3.11% |
| 17 | ZOETIS INC | ZTS | 305,387 | $38.4M | 2.71% |
| 18 | AUTOMATIC DATA PROCESSING INC | ADP | 142,534 | $36.7M | 2.58% |
| 19 | AMETEK INC | AME | 170,095 | $34.9M | 2.46% |
| 20 | STRYKER CORP | SYK | 97,014 | $34.1M | 2.40% |