Montanaro Asset Management Ltd Concentrated Active

Location: LONDON, X0

CIK: 0001831133 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 13, 2025

Total Value ($000): $400,412 (100.0% shares, 0.0% debt)

Holdings (41)

BSY BENTLEY SYS INC 5.9%

Value ($000) $23,740 Shares 460,900 Est. Cost $46.63 Unrealized +17.2%

NVMI NOVA LTD 5.9%

Value ($000) $23,553 Shares 73,680 Est. Cost $109.16 Unrealized +153.0%

TYL TYLER TECHNOLOGIES INC 5.3%

Value ($000) $21,227 Shares 40,575 Est. Cost $438.00 Unrealized +28.2%

TECH BIO-TECHNE CORP 5.0%

Value ($000) $20,141 Shares 362,050 Est. Cost $73.24 Unrealized -27.0%

LRN STRIDE INC 4.9%

Value ($000) $19,690 Shares 132,200 Est. Cost $79.44 Unrealized +84.6%

MANH MANHATTAN ASSOCIATES INC 4.7%

Value ($000) $18,891 Shares 92,160 Est. Cost $250.76 Unrealized -15.7%

HLI HOULIHAN LOKEY INC 4.6%

Value ($000) $18,273 Shares 89,000 Est. Cost $81.58 Unrealized +139.0%

ROL ROLLINS INC 4.4%

Value ($000) $17,446 Shares 297,000 Est. Cost $41.24 Unrealized +37.3%

TREX TREX CO INC 4.2%

Value ($000) $16,662 Shares 322,462 Est. Cost $72.73 Unrealized -16.3%

TMDX TRANSMEDICS GROUP INC 3.7%

Value ($000) $14,652 Shares 130,586 Est. Cost $89.31 Unrealized +31.1%

AWK AMERICAN WTR WKS CO INC NEW 3.4%

Value ($000) $13,577 Shares 97,540 Est. Cost $136.64 Unrealized +2.5%

PAYC PAYCOM SOFTWARE INC 3.3%

Value ($000) $13,217 Shares 63,500 Est. Cost $248.54 Unrealized -9.7%

FN FABRINET 3.0%

Value ($000) $12,032 Shares 33,000 Est. Cost $121.57 Unrealized +170.8%

VEEV VEEVA SYS INC 3.0%

Value ($000) $11,976 Shares 40,200 Est. Cost $239.28 Unrealized +17.6%

BCPC BALCHEM CORP 2.9%

Value ($000) $11,810 Shares 78,700 Est. Cost $127.69 Unrealized +22.6%

HWKN HAWKINS INC 2.7%

Value ($000) $10,799 Shares 59,100 Est. Cost $125.93 Unrealized +32.7%

SITM SITIME CORP 2.6%

Value ($000) $10,546 Shares 35,000 Est. Cost $124.83 Unrealized +85.7%

CSW CSW INDUSTRIALS INC 2.4%

Value ($000) $9,710 Shares 40,000 Est. Cost $135.03 Unrealized +98.3%

ALRM ALARM COM HLDGS INC 2.2%

Value ($000) $8,721 Shares 164,300 Est. Cost $69.93 Unrealized -20.2%

EXPO EXPONENT INC 2.1%

Value ($000) $8,449 Shares 121,600 Est. Cost $84.46 Unrealized -16.0%

MSCI MSCI INC 2.0%

Value ($000) $8,142 Shares 14,350 Est. Cost $456.99 Unrealized +23.1%

FCN FTI CONSULTING INC 2.0%

Value ($000) $8,083 Shares 50,000 Est. Cost $200.03 Unrealized -17.0%

GGG GRACO INC 1.9%

Value ($000) $7,646 Shares 90,000 Est. Cost $85.20 Unrealized -0.3%

TW TRADEWEB MKTS INC 1.8%

Value ($000) $7,214 Shares 65,000 Est. Cost $117.05 Unrealized +9.8%

BRKR BRUKER CORP 1.8%

Value ($000) $7,167 Shares 220,600 Est. Cost $54.67 Unrealized -35.0%

EGP EASTGROUP PPTYS INC 1.6%

Value ($000) $6,263 Shares 37,000 Est. Cost $169.26 Unrealized —

FSS FEDERAL SIGNAL CORP 1.2%

Value ($000) $4,914 Shares 41,300 Est. Cost $88.84 Unrealized +34.9%

FORM FORMFACTOR INC 1.1%

Value ($000) $4,553 Shares 125,000 Est. Cost $32.31 Unrealized -0.4%

STVN STEVANATO GROUP S P A 1.1%

Value ($000) $4,506 Shares 175,000 Est. Cost $30.27 Unrealized -18.5%

ENTG ENTEGRIS INC 1.1%

Value ($000) $4,494 Shares 48,600 Est. Cost $120.59 Unrealized -29.6%

BRBR BELLRING BRANDS INC 1.0%

Value ($000) $3,999 Shares 110,000 Est. Cost $71.27 Unrealized -36.6%

MIR MIRION TECHNOLOGIES INC 1.0%

Value ($000) $3,991 Shares 171,600 Est. Cost $21.62 Unrealized 0.0%

WMS ADVANCED DRAIN SYS INC DEL 0.9%

Value ($000) $3,689 Shares 26,600 Est. Cost $111.70 Unrealized +17.3%

ERII ENERGY RECOVERY INC 0.8%

Value ($000) $3,170 Shares 205,560 Est. Cost $20.03 Unrealized -29.6%

HQY HEALTHEQUITY INC 0.8%

Value ($000) $3,118 Shares 32,900 Est. Cost $98.31 Unrealized -4.3%

CGNX COGNEX CORP 0.8%

Value ($000) $3,004 Shares 66,312 Est. Cost $63.65 Unrealized -36.6%

TRNS TRANSCAT INC 0.7%

Value ($000) $2,928 Shares 40,000 Est. Cost $114.76 Unrealized -29.8%

DOCS DOXIMITY INC 0.6%

Value ($000) $2,355 Shares 32,200 Est. Cost $65.20 Unrealized 0.0%

BMI BADGER METER INC 0.5%

Value ($000) $2,143 Shares 12,000 Est. Cost $86.70 Unrealized +126.0%

OLED UNIVERSAL DISPLAY CORP 0.5%

Value ($000) $2,011 Shares 14,000 Est. Cost $190.74 Unrealized -24.3%

MASI MASIMO CORP 0.5%

Value ($000) $1,912 Shares 12,960 Est. Cost $221.36 Unrealized -31.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BSY	BENTLEY SYS INC	460,900	$23,740	5.9%	$46.63	+17.2%	COM CL B	08265T208
NVMI	NOVA LTD	73,680	$23,553	5.9%	$109.16	+153.0%	COM	M7516K103
TYL	TYLER TECHNOLOGIES INC	40,575	$21,227	5.3%	$438.00	+28.2%	COM	902252105
TECH	BIO-TECHNE CORP	362,050	$20,141	5.0%	$73.24	-27.0%	COM	09073M104
LRN	STRIDE INC	132,200	$19,690	4.9%	$79.44	+84.6%	COM	86333M108
MANH	MANHATTAN ASSOCIATES INC	92,160	$18,891	4.7%	$250.76	-15.7%	COM	562750109
HLI	HOULIHAN LOKEY INC	89,000	$18,273	4.6%	$81.58	+139.0%	CL A	441593100
ROL	ROLLINS INC	297,000	$17,446	4.4%	$41.24	+37.3%	COM	775711104
TREX	TREX CO INC	322,462	$16,662	4.2%	$72.73	-16.3%	COM	89531P105
TMDX	TRANSMEDICS GROUP INC	130,586	$14,652	3.7%	$89.31	+31.1%	COM	89377M109
AWK	AMERICAN WTR WKS CO INC NEW	97,540	$13,577	3.4%	$136.64	+2.5%	COM	030420103
PAYC	PAYCOM SOFTWARE INC	63,500	$13,217	3.3%	$248.54	-9.7%	COM	70432V102
FN	FABRINET	33,000	$12,032	3.0%	$121.57	+170.8%	SHS	G3323L100
VEEV	VEEVA SYS INC	40,200	$11,976	3.0%	$239.28	+17.6%	CL A COM	922475108
BCPC	BALCHEM CORP	78,700	$11,810	2.9%	$127.69	+22.6%	COM	057665200
HWKN	HAWKINS INC	59,100	$10,799	2.7%	$125.93	+32.7%	COM	420261109
SITM	SITIME CORP	35,000	$10,546	2.6%	$124.83	+85.7%	COM	82982T106
CSW	CSW INDUSTRIALS INC	40,000	$9,710	2.4%	$135.03	+98.3%	COM	126402106
ALRM	ALARM COM HLDGS INC	164,300	$8,721	2.2%	$69.93	-20.2%	COM	011642105
EXPO	EXPONENT INC	121,600	$8,449	2.1%	$84.46	-16.0%	COM	30214U102
MSCI	MSCI INC	14,350	$8,142	2.0%	$456.99	+23.1%	COM	55354G100
FCN	FTI CONSULTING INC	50,000	$8,083	2.0%	$200.03	-17.0%	COM	302941109
GGG	GRACO INC	90,000	$7,646	1.9%	$85.20	-0.3%	COM	384109104
TW	TRADEWEB MKTS INC	65,000	$7,214	1.8%	$117.05	+9.8%	CL A	892672106
BRKR	BRUKER CORP	220,600	$7,167	1.8%	$54.67	-35.0%	COM	116794108
EGP	EASTGROUP PPTYS INC	37,000	$6,263	1.6%	$169.26	—	COM	277276101
FSS	FEDERAL SIGNAL CORP	41,300	$4,914	1.2%	$88.84	+34.9%	COM	313855108
FORM	FORMFACTOR INC	125,000	$4,553	1.1%	$32.31	-0.4%	COM	346375108
STVN	STEVANATO GROUP S P A	175,000	$4,506	1.1%	$30.27	-18.5%	ORD SHS	T9224W109
ENTG	ENTEGRIS INC	48,600	$4,494	1.1%	$120.59	-29.6%	COM	29362U104
BRBR	BELLRING BRANDS INC	110,000	$3,999	1.0%	$71.27	-36.6%	COMMON STOCK	07831C103
MIR	MIRION TECHNOLOGIES INC	171,600	$3,991	1.0%	$21.62	0.0%	COM CL A	60471A101
WMS	ADVANCED DRAIN SYS INC DEL	26,600	$3,689	0.9%	$111.70	+17.3%	COM	00790R104
ERII	ENERGY RECOVERY INC	205,560	$3,170	0.8%	$20.03	-29.6%	COM	29270J100
HQY	HEALTHEQUITY INC	32,900	$3,118	0.8%	$98.31	-4.3%	COM	42226A107
CGNX	COGNEX CORP	66,312	$3,004	0.8%	$63.65	-36.6%	COM	192422103
TRNS	TRANSCAT INC	40,000	$2,928	0.7%	$114.76	-29.8%	COM	893529107
DOCS	DOXIMITY INC	32,200	$2,355	0.6%	$65.20	0.0%	CL A	26622P107
BMI	BADGER METER INC	12,000	$2,143	0.5%	$86.70	+126.0%	COM	056525108
OLED	UNIVERSAL DISPLAY CORP	14,000	$2,011	0.5%	$190.74	-24.3%	COM	91347P105
MASI	MASIMO CORP	12,960	$1,912	0.5%	$221.36	-31.6%	COM	574795100