2026 Q3 Portfolio Activity
In 2026 Q3, Montanaro Asset Management Ltd maintained a portfolio of 43 distinct positions. The most significant new addition was ITRON INC, now representing 2.34% of the total fund value. They heavily accumulated shares in SENSIENT TECHNOLOGIES CORP, increasing the position by 38.5%. Conversely, Montanaro Asset Management Ltd completely exited their position in BIO-TECHNE CORP.
Position History
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Total Positions
43
Quarter
2026 Q3
Top Holding
WTS (5.7%)
Top 10 Concentration
47.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-43 of 43
Montanaro Asset Management Ltd Full Holdings List — 2026 Q3
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
WTS
WATTS WATER TEC...
|
Industrials | 5.70% | 5.69% |
#1
1
Prev: #2
|
4.8 |
—
|
-500 | -1.1% |
P
S
|
45,600 | $16,150,608 |
$332.39
+4.1%
|
2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-09 | ||
|
EGP
EASTGROUP PPTYS...
|
Real Estate | 5.53% | 5.06% |
#2
1
Prev: #3
|
4.2 |
—
|
100 | 0.1% |
P
S
|
79,418 | $15,681,084 | 2025 Q3 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
BCPC
BALCHEM CORP
|
Basic Materials | 4.87% | 4.66% |
#3
3
Prev: #6
|
3.4 |
—
|
-3,750 | -4.3% |
P
S
|
83,768 | $13,818,369 | 2022 Q2 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
FSS
FEDERAL SIGNAL ...
|
Industrials | 4.77% | 4.96% |
#4
Prev: #4
|
2.9 |
—
|
-531 | -0.4% |
P
S
|
122,000 | $13,516,380 | 2025 Q1 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
NVMI
NOVA LTD
|
Technology | 4.67% | 5.89% |
#5
4
Prev: #1
|
3.4 |
—
|
no change | no change |
P
S
|
34,380 | $13,243,176 | 2020 Q4 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
SITM
SITIME CORP
|
Technology | 4.58% | 3.76% |
#6
1
Prev: #7
|
4.3 |
—
|
3,900 | 24.4% |
P
S
|
19,900 | $12,975,397 | 2021 Q2 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
BSY
BENTLEY SYS INC
|
Technology | 4.35% | 3.59% |
#7
1
Prev: #8
|
2.2 |
—
|
5,550 | 1.5% |
P
S
|
386,383 | $12,344,937 | 2022 Q3 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
VMI
VALMONT INDS IN...
|
Industrials | 4.28% | 4.71% |
#8
3
Prev: #5
|
2.2 |
—
|
350 | 1.4% |
P
S
|
26,200 | $12,130,076 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
VEEV
VEEVA SYS INC
|
Healthcare | 4.27% | 2.41% |
#9
10
Prev: #19
|
2.2 |
—
|
-650 | -1.5% |
P
S
|
42,450 | $12,117,353 | 2020 Q4 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
SXT
SENSIENT TECHNO...
|
Basic Materials | 4.18% | 2.55% |
#10
8
Prev: #18
|
4.2 |
—
|
25,250 | 38.5% |
P
S
|
90,750 | $11,862,840 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
CSWI
CSW INDUSTRIALS...
|
Unknown | 4.14% | 3.57% |
#11
2
Prev: #9
|
2.7 |
—
|
no change | no change |
P
S
|
40,705 | $11,726,296 | 2020 Q4 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
EXPO
EXPONENT INC
|
Industrials | 4.07% | 3.32% |
#12
2
Prev: #14
|
2.1 |
—
|
-2,800 | -1.6% |
P
S
|
176,289 | $11,532,826 | 2020 Q4 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
MANH
MANHATTAN ASSOC...
|
Technology | 3.90% | 2.98% |
#13
2
Prev: #15
|
2.1 |
—
|
-12,100 | -17.9% |
P
S
|
55,665 | $11,060,636 | 2024 Q3 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
HLI
HOULIHAN LOKEY ...
|
Financial Services | 3.68% | 3.51% |
#14
4
Prev: #10
|
2.0 |
—
|
-400 | -0.5% |
P
S
|
82,534 | $10,427,346 | 2020 Q4 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
AYI
ACUITY INC
|
Industrials | 3.40% | 3.44% |
#15
3
Prev: #12
|
3.4 |
—
|
2,100 | 7.3% |
P
S
|
31,050 | $9,647,546 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
AWK
AMERICAN WTR WK...
|
Utilities | 3.03% | 3.49% |
#16
5
Prev: #11
|
1.2 |
—
|
-17,850 | -21.2% |
P
S
|
66,290 | $8,582,566 | 2020 Q4 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
ENTG
ENTEGRIS INC
|
Technology | 2.85% | 3.37% |
#17
4
Prev: #13
|
1.6 |
—
|
-7,000 | -11.8% |
P
S
|
52,500 | $8,088,150 | 2021 Q2 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
ITRI
ITRON INC
|
Technology | 2.34% | — |
#18
Prev: #—
|
4.4 |
—
|
76,850 | — |
NEW
|
76,850 | $6,635,229 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
ALRM
ALARM COM HLDGS...
|
Technology | 2.09% | 1.64% |
#19
5
Prev: #24
|
1.3 |
—
|
-2,300 | -2.1% |
P
S
|
108,897 | $5,931,620 | 2020 Q4 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
MIR
MIRION TECHNOLO...
|
Industrials | 2.05% | 2.37% |
#20
Prev: #20
|
1.3 |
—
|
-7,000 | -1.7% |
P
S
|
411,646 | $5,812,442 | 2025 Q3 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
TW
TRADEWEB MKTS I...
|
Financial Services | 1.72% | 1.24% |
#21
8
Prev: #29
|
3.2 |
—
|
9,000 | 22.8% |
P
S
|
48,500 | $4,890,740 | 2024 Q2 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
ROL
ROLLINS INC
|
Consumer Cyclical | 1.57% | 1.99% |
#22
1
Prev: #21
|
1.1 |
—
|
-3,750 | -2.5% |
P
S
|
147,565 | $4,444,658 | 2020 Q4 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
FN
FABRINET
|
Technology | 1.50% | 1.77% |
#23
Prev: #23
|
1.6 |
—
|
no change | no change |
P
S
|
10,000 | $4,242,700 | 2023 Q2 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
STVN
STEVANATO GROUP...
|
Healthcare | 1.48% | 0.80% |
#24
14
Prev: #38
|
3.1 |
—
|
59,541 | 42.4% |
P
S
|
200,000 | $4,196,000 | 2024 Q1 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
MDALF
MDA SPACE LTD
|
Industrials | 1.37% | 1.58% |
#25
Prev: #25
|
2.5 |
—
|
10,000 | 8.2% |
P
S
|
131,600 | $3,892,279 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
HQY
HEALTHEQUITY IN...
|
Healthcare | 1.37% | 1.35% |
#26
Prev: #26
|
1.0 |
—
|
-3,400 | -7.2% |
P
S
|
44,000 | $3,892,240 | 2025 Q1 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
GGG
GRACO INC
|
Industrials | 1.35% | 1.19% |
#27
3
Prev: #30
|
1.5 |
—
|
no change | no change |
P
S
|
50,000 | $3,842,000 | 2024 Q4 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
SNEX
STONEX GROUP IN...
|
Financial Services | 1.20% | 0.90% |
#28
7
Prev: #35
|
3.5 |
—
|
28,421 | 118.0% |
P
S
|
52,500 | $3,393,600 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
TTEK
TETRA TECH INC ...
|
Industrials | 1.19% | 0.84% |
#29
8
Prev: #37
|
2.5 |
—
|
10,900 | 11.9% |
P
S
|
102,700 | $3,383,965 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
CLH
CLEAN HARBORS I...
|
Industrials | 1.12% | 1.27% |
#30
2
Prev: #28
|
0.4 |
—
|
-3,300 | -24.4% |
P
S
|
10,200 | $3,164,346 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
TRNS
TRANSCAT INC
|
Industrials | 1.00% | 0.94% |
#31
3
Prev: #34
|
1.4 |
—
|
no change | no change |
P
S
|
32,105 | $2,838,724 | 2024 Q1 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
HXL
HEXCEL CORP NEW
|
Industrials | 1.00% | 1.06% |
#32
1
Prev: #33
|
1.4 |
—
|
no change | no change |
P
S
|
33,710 | $2,828,943 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
BELFB
BEL FUSE INC
|
Technology | 0.95% | 1.16% |
#33
2
Prev: #31
|
1.4 |
—
|
no change | no change |
P
S
|
11,000 | $2,685,320 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
HWKN
HAWKINS INC
|
Basic Materials | 0.89% | 1.34% |
#34
7
Prev: #27
|
0.4 |
—
|
-9,800 | -32.9% |
P
S
|
20,000 | $2,520,000 | 2024 Q4 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
KGS
KODIAK GAS SVCS...
|
Energy | 0.84% | 1.07% |
#35
3
Prev: #32
|
1.3 |
—
|
no change | no change |
P
S
|
45,000 | $2,383,650 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
MSCI
MSCI INC
|
Financial Services | 0.78% | 1.94% |
#36
14
Prev: #22
|
0.3 |
—
|
-6,900 | -62.7% |
P
S
|
4,100 | $2,208,506 | 2020 Q4 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
WMS
ADVANCED DRAIN ...
|
Industrials | 0.57% | 0.89% |
#37
1
Prev: #36
|
0.2 |
—
|
-5,200 | -29.1% |
P
S
|
12,700 | $1,609,217 | 2021 Q3 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
KNSL
KINSALE CAP GRO...
|
Financial Services | 0.54% | 0.49% |
#38
3
Prev: #41
|
1.2 |
—
|
no change | no change |
P
S
|
4,757 | $1,535,322 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
ESE
ESCO TECHNOLOGI...
|
Technology | 0.47% | 0.55% |
#39
1
Prev: #40
|
1.2 |
—
|
no change | no change |
P
S
|
5,000 | $1,325,550 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
UTI
UNIVERSAL TECHN...
|
Consumer Defensive | 0.36% | 0.73% |
#40
1
Prev: #39
|
1.1 |
—
|
no change | no change |
P
S
|
54,068 | $1,009,450 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
BMI
BADGER METER IN...
|
Technology | 0.00% | 0.48% |
Sold All 😨
(Was: #42) |
0.0 |
—
|
-10,300 | -100.0% |
CLOSED
|
— | $— | 2020 Q4 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
LRN
STRIDE INC
|
Consumer Defensive | 0.00% | 2.64% |
Sold All 😨
(Was: #17) |
0.0 |
—
|
-97,249 | -100.0% |
CLOSED
|
— | $— | 2024 Q2 | 13F Filing | 2026-09-30 | 2026-11-09 | |||
|
TECH
BIO-TECHNE CORP
|
Healthcare | 0.00% | 2.81% |
Sold All 😨
(Was: #16) |
0.0 |
—
|
-126,335 | -100.0% |
CLOSED
|
— | $— | 2021 Q1 | 13F Filing | 2026-09-30 | 2026-11-09 |
Showing 1-43 of 43 holdings