Dundas Partners LLP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Dundas Partners LLP maintained a portfolio of 50 distinct positions. They heavily accumulated shares in THERMO FISHER SCIENT, increasing their position by 3.3%. Conversely, Dundas Partners LLP completely exited their position in GRACO INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
50
Quarter
2025 Q4
Top Holding
GOOG (6.5%)
Top 10 Concentration
51.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 50
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
GOOG
ALPHABET INC CL...
Communication Services 6.53% 5.19% #1 4
Prev: #5
5.1 -6,405 -2.1%
P
S
295,344 $92,678,947 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 6.21% 6.82% #2 1
Prev: #1
4.5 -4,010 -2.2%
P
S
182,458 $88,240,338 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 6.04% 5.57% #3
Prev: #3
3.9 -284 -0.1%
P
S
282,161 $85,745,906 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WRB
WR BERKLEY CORP
Financial Services 5.73% 6.39% #4 2
Prev: #2
3.3 -20,129 -1.7%
P
S
1,161,472 $81,442,417 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
APH
AMPHENOL CORP N...
Technology 5.07% 5.30% #5 1
Prev: #4
3.0 -73,360 -12.1%
P
S
532,801 $72,002,727 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMAT
APPLIED MATERIA...
Technology 4.96% 4.02% #6 4
Prev: #10
2.5 -4,262 -1.5%
P
S
274,132 $70,449,183 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AXP
AMERICAN EXPRES...
Financial Services 4.63% 4.44% #7 1
Prev: #6
2.4 -11,531 -6.1%
P
S
177,649 $65,721,248 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC CLASS ...
Financial Services 4.41% 4.37% #8 1
Prev: #7
2.3 -2,749 -1.5%
P
S
178,743 $62,686,958 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TMO
THERMO FISHER S...
Healthcare 4.02% 3.26% #9 5
Prev: #14
2.1 3,175 3.3%
P
S
98,406 $57,021,357 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ADI
ANALOG DEVICES ...
Technology 3.86% 3.59% #10 1
Prev: #11
2.0 -4,873 -2.4%
P
S
201,876 $54,748,771 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ABT
ABBOTT LABORATO...
Healthcare 3.78% 4.19% #11 2
Prev: #9
2.0 -14,647 -3.3%
P
S
428,307 $53,662,584 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BRO
BROWN & BROWN I...
Financial Services 3.74% 4.19% #12 4
Prev: #8
3.5 33,262 5.3%
P
S
666,803 $53,144,199 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NDAQ
NASDAQ INC
Financial Services 3.57% 3.31% #13
Prev: #13
1.9 -8,557 -1.6%
P
S
521,726 $50,675,246 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RMD
RESMED INC
Healthcare 3.48% 3.38% #14 2
Prev: #12
3.4 29,845 17.0%
P
S
204,962 $49,369,197 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BKNG
BOOKING HOLDING...
Consumer Cyclical 3.13% 3.22% #15
Prev: #15
1.8 -153 -1.8%
P
S
8,305 $44,476,016 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ROST
ROSS STORES INC
Consumer Cyclical 3.11% 2.91% #16 2
Prev: #18
1.7 -25,081 -9.3%
P
S
245,228 $44,175,372 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ZTS
ZOETIS INC
Healthcare 2.71% 3.21% #17 1
Prev: #16
1.6 -5,289 -1.7%
P
S
305,387 $38,423,792 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ADP
AUTOMATIC DATA ...
Technology 2.58% 3.14% #18 1
Prev: #17
1.5 -9,139 -6.0%
P
S
142,534 $36,664,021 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AME
AMETEK INC
Industrials 2.46% 2.29% #19 3
Prev: #22
1.5 -2,377 -1.4%
P
S
170,095 $34,922,204 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SYK
STRYKER CORP
Healthcare 2.40% 2.58% #20 1
Prev: #19
1.5 -1,680 -1.7%
P
S
97,014 $34,097,511 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MA
MASTERCARD INCO...
Financial Services 2.28% 1.79% #21 5
Prev: #26
3.4 12,158 27.3%
P
S
56,617 $32,321,513 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HDB
HDFC BANK LTD A...
Financial Services 2.27% 2.08% #22 2
Prev: #24
1.4 19,612 2.3%
P
S
883,744 $32,292,006 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
INTU
INTUIT
Technology 2.26% 2.11% #23
Prev: #23
2.9 4,789 10.9%
P
S
48,551 $32,161,153 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EFX
EQUIFAX INC
Industrials 1.96% 2.40% #24 3
Prev: #21
1.3 -4,568 -3.4%
P
S
128,047 $27,783,638 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ACN
ACCENTURE PLC C...
Technology 1.65% 2.54% #25 5
Prev: #20
0.7 -58,733 -40.3%
P
S
87,149 $23,382,077 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CRM
SALESFORCE INC
Technology 1.56% 1.42% #26 3
Prev: #29
1.1 -1,400 -1.6%
P
S
83,752 $22,186,742 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSCI
MSCI INC
Financial Services 1.50% 1.51% #27
Prev: #27
1.1 -556 -1.5%
P
S
37,226 $21,357,673 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GWW
WW GRAINGER INC
Industrials 1.43% 1.43% #28
Prev: #28
1.1 -1,094 -5.2%
P
S
20,087 $20,268,787 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ALC
ALCON AG
Healthcare 1.42% 2.06% #29 4
Prev: #25
0.6 -139,368 -35.6%
P
S
252,418 $20,160,307 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RBA
RB GLOBAL INC
Industrials 0.71% 0.72% #30
Prev: #30
0.8 3,703 4.0%
P
S
97,308 $10,017,917 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
JKHY
HENRY JACK & AS...
Technology 0.05% 0.04% #31 6
Prev: #37
1.0 no change no change
P
S
3,591 $655,286 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RYAN
RYAN SPECIALTY ...
Financial Services 0.05% 0.05% #32 1
Prev: #31
2.0 895 7.6%
P
S
12,618 $651,467 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NVT
NVENT ELECTRIC ...
Industrials 0.04% 0.02% #33 10
Prev: #43
3.0 2,873 87.6%
P
S
6,154 $627,523 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TECH
BIO-TECHNE CORP
Healthcare 0.04% 0.04% #34 1
Prev: #35
1.0 no change no change
P
S
9,936 $584,336 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AIT
APPLIED INDL TE...
Industrials 0.04% 0.04% #35 1
Prev: #36
1.0 no change no change
P
S
2,110 $541,785 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SF
STIFEL FINL COR...
Financial Services 0.03% 0.03% #36 4
Prev: #40
2.0 445 13.3%
P
S
3,799 $475,711 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PAYC
PAYCOM SOFTWARE...
Technology 0.03% 0.04% #37 4
Prev: #33
1.0 no change no change
P
S
2,819 $449,236 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ESAB
ESAB CORPORATIO...
Industrials 0.03% 0.03% #38
Prev: #38
0.5 -334 -7.9%
P
S
3,890 $434,591 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CR
CRANE COMPANY
Industrials 0.03% 0.02% #39 5
Prev: #44
2.5 550 31.7%
P
S
2,286 $421,607 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LFUS
LITTELFUSE INC
Technology 0.03% 0.02% #40 7
Prev: #47
3.0 677 74.2%
P
S
1,590 $402,143 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EVR
EVERCORE INC
Financial Services 0.03% 0.02% #41 5
Prev: #46
2.0 152 16.6%
P
S
1,069 $363,727 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TRU
TRANSUNION
Financial Services 0.02% 0.02% #42
Prev: #42
1.0 no change no change
P
S
4,122 $353,462 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HLNE
HAMILTON LANE I...
Financial Services 0.02% 0.02% #43 2
Prev: #41
1.0 no change no change
P
S
2,574 $345,714 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MKTX
MARKETAXESS HLD...
Financial Services 0.02% 0.03% #44 5
Prev: #39
0.5 -337 -15.1%
P
S
1,902 $344,738 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WTS
WATTS WATER TEC...
Industrials 0.02% 0.04% #45 13
Prev: #32
0.0 -1,037 -45.7%
P
S
1,233 $340,333 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LMAT
LEMAITRE VASCUL...
Healthcare 0.02% 0.02% #46 2
Prev: #48
2.5 586 22.0%
P
S
3,246 $263,251 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RLI
RLI CORP
Financial Services 0.02% 0.02% #47 2
Prev: #45
0.5 -900 -18.8%
P
S
3,900 $249,522 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
INTERDIGITAL IN...
Unknown 0.01% 0.04% #48 14
Prev: #34
0.0 -1,080 -65.3%
P
S
574 $182,750 13F Filing 2025-12-31 2026-02-14 (Est.)
BMI
BADGER METER IN...
Technology 0.01% 0.01% #49 1
Prev: #50
1.0 no change no change
P
S
773 $134,819 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GGG
GRACO INC
Industrials 0.00% 0.01%
Sold All 😨
(Was: #49)
0.0 -1,842 -100.0%
CLOSED
$— 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 50 holdings

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