Montanaro Asset Management Ltd Concentrated Active

Location: LONDON, X0

CIK: 0001831133 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 5, 2025

Total Value ($000): $387,891 (100.0% shares, 0.0% debt)

Holdings (39)

BSY BENTLEY SYS INC 6.1%

Value ($000) $23,579 Shares 436,900 Est. Cost $46.19 Unrealized -0.2%

TYL TYLER TECHNOLOGIES INC 5.8%

Value ($000) $22,572 Shares 38,075 Est. Cost $429.90 Unrealized +31.7%

NVMI NOVA LTD 5.1%

Value ($000) $19,768 Shares 71,830 Est. Cost $104.86 Unrealized +94.0%

LRN STRIDE INC 4.5%

Value ($000) $17,423 Shares 120,000 Est. Cost $72.61 Unrealized +99.2%

TMDX TRANSMEDICS GROUP INC 4.4%

Value ($000) $16,877 Shares 125,936 Est. Cost $88.28 Unrealized +24.4%

TREX TREX CO INC 4.2%

Value ($000) $16,339 Shares 300,462 Est. Cost $73.60 Unrealized -23.0%

TECH BIO-TECHNE CORP 3.9%

Value ($000) $15,175 Shares 294,950 Est. Cost $77.75 Unrealized -35.6%

ROL ROLLINS INC 3.9%

Value ($000) $14,951 Shares 265,000 Est. Cost $39.39 Unrealized +41.4%

HLI HOULIHAN LOKEY INC 3.8%

Value ($000) $14,576 Shares 81,000 Est. Cost $70.38 Unrealized +136.6%

MANH MANHATTAN ASSOCIATES INC 3.6%

Value ($000) $14,032 Shares 71,060 Est. Cost $262.42 Unrealized -30.8%

PAYC PAYCOM SOFTWARE INC 3.4%

Value ($000) $13,306 Shares 57,500 Est. Cost $251.05 Unrealized -6.0%

BRKR BRUKER CORP 3.3%

Value ($000) $12,801 Shares 310,700 Est. Cost $54.67 Unrealized -29.6%

AWK AMERICAN WTR WKS CO INC NEW 3.1%

Value ($000) $12,039 Shares 86,540 Est. Cost $136.21 Unrealized +3.6%

BCPC BALCHEM CORP 3.1%

Value ($000) $11,844 Shares 74,400 Est. Cost $126.02 Unrealized +27.9%

— ANSYS INC 3.0%

Value ($000) $11,555 Shares 32,900 Est. Cost $340.27 Unrealized —

CSW CSW INDUSTRIALS INC 3.0%

Value ($000) $11,473 Shares 40,000 Est. Cost $135.03 Unrealized +123.0%

VEEV VEEVA SYS INC 2.7%

Value ($000) $10,310 Shares 35,800 Est. Cost $234.09 Unrealized +5.9%

ALRM ALARM COM HLDGS INC 2.6%

Value ($000) $10,047 Shares 177,600 Est. Cost $69.93 Unrealized -20.7%

FN FABRINET 2.5%

Value ($000) $9,724 Shares 33,000 Est. Cost $121.57 Unrealized +83.3%

SITM SITIME CORP 2.5%

Value ($000) $9,589 Shares 45,000 Est. Cost $124.83 Unrealized +44.8%

EXPO EXPONENT INC 2.3%

Value ($000) $9,085 Shares 121,600 Est. Cost $84.46 Unrealized -9.3%

HWKN HAWKINS INC 2.2%

Value ($000) $8,398 Shares 59,100 Est. Cost $125.93 Unrealized -0.1%

FCN FTI CONSULTING INC 2.1%

Value ($000) $8,075 Shares 50,000 Est. Cost $200.03 Unrealized -18.4%

GGG GRACO INC 2.0%

Value ($000) $7,737 Shares 90,000 Est. Cost $85.20 Unrealized -3.7%

TW TRADEWEB MKTS INC 2.0%

Value ($000) $7,686 Shares 52,500 Est. Cost $114.31 Unrealized +22.1%

MSCI MSCI INC 1.9%

Value ($000) $7,353 Shares 12,750 Est. Cost $443.73 Unrealized +23.8%

BRBR BELLRING BRANDS INC 1.6%

Value ($000) $6,372 Shares 110,000 Est. Cost $71.27 Unrealized -6.4%

ENTG ENTEGRIS INC 1.2%

Value ($000) $4,791 Shares 59,400 Est. Cost $120.59 Unrealized -37.2%

FSS FEDERAL SIGNAL CORP 1.2%

Value ($000) $4,672 Shares 43,900 Est. Cost $88.84 Unrealized -0.0%

WMS ADVANCED DRAIN SYS INC DEL 1.1%

Value ($000) $4,342 Shares 37,800 Est. Cost $111.70 Unrealized -0.1%

BMI BADGER METER INC 1.1%

Value ($000) $4,311 Shares 17,600 Est. Cost $86.70 Unrealized +159.9%

FORM FORMFACTOR INC 1.1%

Value ($000) $4,301 Shares 125,000 Est. Cost $32.31 Unrealized -6.0%

STVN STEVANATO GROUP S P A 1.1%

Value ($000) $4,275 Shares 175,000 Est. Cost $30.27 Unrealized -25.5%

MASI MASIMO CORP 1.0%

Value ($000) $3,846 Shares 22,860 Est. Cost $221.36 Unrealized -27.8%

CGNX COGNEX CORP 0.9%

Value ($000) $3,496 Shares 110,212 Est. Cost $63.65 Unrealized -55.2%

TRNS TRANSCAT INC 0.9%

Value ($000) $3,438 Shares 40,000 Est. Cost $114.76 Unrealized -28.8%

HQY HEALTHEQUITY INC 0.8%

Value ($000) $2,944 Shares 28,100 Est. Cost $99.02 Unrealized -4.3%

ERII ENERGY RECOVERY INC 0.7%

Value ($000) $2,627 Shares 205,560 Est. Cost $20.03 Unrealized -32.4%

OLED UNIVERSAL DISPLAY CORP 0.6%

Value ($000) $2,162 Shares 14,000 Est. Cost $190.74 Unrealized -27.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BSY	BENTLEY SYS INC	436,900	$23,579	6.1%	$46.19	-0.2%	COM CL B	08265T208
TYL	TYLER TECHNOLOGIES INC	38,075	$22,572	5.8%	$429.90	+31.7%	COM	902252105
NVMI	NOVA LTD	71,830	$19,768	5.1%	$104.86	+94.0%	COM	M7516K103
LRN	STRIDE INC	120,000	$17,423	4.5%	$72.61	+99.2%	COM	86333M108
TMDX	TRANSMEDICS GROUP INC	125,936	$16,877	4.4%	$88.28	+24.4%	COM	89377M109
TREX	TREX CO INC	300,462	$16,339	4.2%	$73.60	-23.0%	COM	89531P105
TECH	BIO-TECHNE CORP	294,950	$15,175	3.9%	$77.75	-35.6%	COM	09073M104
ROL	ROLLINS INC	265,000	$14,951	3.9%	$39.39	+41.4%	COM	775711104
HLI	HOULIHAN LOKEY INC	81,000	$14,576	3.8%	$70.38	+136.6%	CL A	441593100
MANH	MANHATTAN ASSOCIATES INC	71,060	$14,032	3.6%	$262.42	-30.8%	COM	562750109
PAYC	PAYCOM SOFTWARE INC	57,500	$13,306	3.4%	$251.05	-6.0%	COM	70432V102
BRKR	BRUKER CORP	310,700	$12,801	3.3%	$54.67	-29.6%	COM	116794108
AWK	AMERICAN WTR WKS CO INC NEW	86,540	$12,039	3.1%	$136.21	+3.6%	COM	030420103
BCPC	BALCHEM CORP	74,400	$11,844	3.1%	$126.02	+27.9%	COM	057665200
—	ANSYS INC	32,900	$11,555	3.0%	$340.27	—	COM	03662Q105
CSW	CSW INDUSTRIALS INC	40,000	$11,473	3.0%	$135.03	+123.0%	COM	126402106
VEEV	VEEVA SYS INC	35,800	$10,310	2.7%	$234.09	+5.9%	CL A COM	922475108
ALRM	ALARM COM HLDGS INC	177,600	$10,047	2.6%	$69.93	-20.7%	COM	011642105
FN	FABRINET	33,000	$9,724	2.5%	$121.57	+83.3%	SHS	G3323L100
SITM	SITIME CORP	45,000	$9,589	2.5%	$124.83	+44.8%	COM	82982T106
EXPO	EXPONENT INC	121,600	$9,085	2.3%	$84.46	-9.3%	COM	30214U102
HWKN	HAWKINS INC	59,100	$8,398	2.2%	$125.93	-0.1%	COM	420261109
FCN	FTI CONSULTING INC	50,000	$8,075	2.1%	$200.03	-18.4%	COM	302941109
GGG	GRACO INC	90,000	$7,737	2.0%	$85.20	-3.7%	COM	384109104
TW	TRADEWEB MKTS INC	52,500	$7,686	2.0%	$114.31	+22.1%	CL A	892672106
MSCI	MSCI INC	12,750	$7,353	1.9%	$443.73	+23.8%	COM	55354G100
BRBR	BELLRING BRANDS INC	110,000	$6,372	1.6%	$71.27	-6.4%	COMMON STOCK	07831C103
ENTG	ENTEGRIS INC	59,400	$4,791	1.2%	$120.59	-37.2%	COM	29362U104
FSS	FEDERAL SIGNAL CORP	43,900	$4,672	1.2%	$88.84	-0.0%	COM	313855108
WMS	ADVANCED DRAIN SYS INC DEL	37,800	$4,342	1.1%	$111.70	-0.1%	COM	00790R104
BMI	BADGER METER INC	17,600	$4,311	1.1%	$86.70	+159.9%	COM	056525108
FORM	FORMFACTOR INC	125,000	$4,301	1.1%	$32.31	-6.0%	COM	346375108
STVN	STEVANATO GROUP S P A	175,000	$4,275	1.1%	$30.27	-25.5%	ORD SHS	T9224W109
MASI	MASIMO CORP	22,860	$3,846	1.0%	$221.36	-27.8%	COM	574795100
CGNX	COGNEX CORP	110,212	$3,496	0.9%	$63.65	-55.2%	COM	192422103
TRNS	TRANSCAT INC	40,000	$3,438	0.9%	$114.76	-28.8%	COM	893529107
HQY	HEALTHEQUITY INC	28,100	$2,944	0.8%	$99.02	-4.3%	COM	42226A107
ERII	ENERGY RECOVERY INC	205,560	$2,627	0.7%	$20.03	-32.4%	COM	29270J100
OLED	UNIVERSAL DISPLAY CORP	14,000	$2,162	0.6%	$190.74	-27.3%	COM	91347P105