Pembroke Management, LTD

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Pembroke Management, LTD maintained a portfolio of 97 distinct positions. The most significant new addition to the portfolio was BOYD GROUP SERVICES , which now represents 2.70% of the total fund value. They heavily accumulated shares in GLOBUS MED INC, increasing their position by 1.3%. The fund also reduced its exposure to WATSCO INC by 33.3%.
PCA Score Concentration Risk
Risk ENB
Total Positions
97
Quarter
2025 Q4
Top Holding
REZI (5.2%)
Top 10 Concentration
43.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 97
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
REZI
RESIDEO TECHNOL...
Industrials 5.24% 6.30% #1
Prev: #1
4.6 -25,299 -1.7%
P
S
1,444,832 $50,742,500 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GMED
GLOBUS MED INC
Healthcare 5.14% 3.19% #2 10
Prev: #12
4.1 7,545 1.3%
P
S
569,735 $49,743,563 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MPWR
MONOLITHIC PWR ...
Technology 4.98% 4.93% #3 1
Prev: #4
3.5 -794 -1.5%
P
S
53,142 $48,165,783 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CNM
CORE & MAIN INC
Industrials 4.81% 4.86% #4 1
Prev: #5
2.9 -13,361 -1.5%
P
S
895,855 $46,557,584 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AAON
AAON INC
Industrials 4.31% 5.13% #5 2
Prev: #3
2.7 -5,934 -1.1%
P
S
547,215 $41,725,144 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WK
WORKIVA INC
Technology 4.23% 3.59% #6 1
Prev: #7
3.7 53,995 12.8%
P
S
474,356 $40,913,205 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FSS
FEDERAL SIGNAL ...
Industrials 4.18% 3.32% #7 2
Prev: #9
4.2 91,347 32.5%
P
S
372,543 $40,454,444 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PSTG
PURE STORAGE IN...
Technology 4.15% 5.54% #8 6
Prev: #2
2.2 -67,683 -10.2%
P
S
598,966 $40,136,712 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IBP
INSTALLED BLDG ...
Consumer Cyclical 3.52% 3.52% #9 1
Prev: #8
1.9 -12,291 -8.6%
P
S
131,367 $34,075,286 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SITE
SITEONE LANDSCA...
Industrials 3.37% 3.89% #10 4
Prev: #6
1.8 -42,236 -13.9%
P
S
262,126 $32,650,415 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TECH
BIO-TECHNE CORP
Healthcare 3.12% 2.08% #11 10
Prev: #21
3.7 135,891 36.0%
P
S
512,868 $30,161,767 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HGTY
HAGERTY INC
Financial Services 3.09% 2.70% #12 3
Prev: #15
1.7 -34,242 -1.5%
P
S
2,226,961 $29,930,356 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MANH
MANHATTAN ASSOC...
Technology 2.99% 3.32% #13 3
Prev: #10
1.7 4,242 2.6%
P
S
167,248 $28,985,751 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MOD
MODINE MFG CO
Consumer Cyclical 2.91% 3.03% #14 1
Prev: #13
1.7 -3,446 -1.6%
P
S
211,143 $28,189,702 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BYDGF
BOYD GROUP SERV...
Unknown 2.70% #15
Prev: #—
4.6 119,498 no change
NEW
119,498 $26,125,848 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
STVN
STEVANATO GROUP...
Healthcare 2.63% 3.28% #16 5
Prev: #11
1.6 -19,383 -1.5%
P
S
1,263,833 $25,428,320 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CLBT
CELLEBRITE DI L...
Technology 2.57% 2.57% #17 1
Prev: #16
1.5 -17,946 -1.3%
P
S
1,380,940 $24,912,158 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AX
AXOS FINANCIAL ...
Financial Services 2.57% 2.20% #18 2
Prev: #20
3.0 27,063 10.3%
P
S
288,555 $24,861,899 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
QTWO
Q2 HLDGS INC
Technology 2.56% 2.22% #19
Prev: #19
3.0 34,613 11.2%
P
S
343,134 $24,760,549 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DORM
DORMAN PRODS IN...
Consumer Cyclical 2.01% 2.32% #20 2
Prev: #18
2.8 7,558 5.0%
P
S
157,561 $19,409,940 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IMAX
IMAX CORP
Communication Services 1.97% 1.68% #21 3
Prev: #24
1.3 -1,974 -0.4%
P
S
514,648 $19,021,390 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WSO
WATSCO INC
Industrials 1.63% 2.82% #22 8
Prev: #14
0.7 -23,379 -33.3%
P
S
46,803 $15,770,271 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CRAI
CRA INTL INC
Industrials 1.58% 1.60% #23 2
Prev: #25
1.1 -1,275 -1.6%
P
S
76,184 $15,289,367 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IVV
ISHARES TR
ETF 1.58% 1.49% #24 3
Prev: #27
1.1 -65 -0.3%
P
S
22,303 $15,276,217 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BWMN
BOWMAN CONSULTI...
Industrials 1.50% 1.89% #25 2
Prev: #23
1.1 -9,569 -2.1%
P
S
439,401 $14,509,021 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RDVT
RED VIOLET INC
Technology 1.46% 1.30% #26 2
Prev: #28
1.1 -3,802 -1.5%
P
S
247,470 $14,093,417 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VERX
VERTEX INC
Technology 1.34% 2.01% #27 5
Prev: #22
0.5 -169,956 -20.8%
P
S
648,097 $12,942,497 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
OLLI
OLLIES BARGAIN ...
Consumer Defensive 1.26% 1.29% #28 1
Prev: #29
2.5 10,155 10.0%
P
S
111,216 $12,190,386 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VBNK
VERSABANK NEW
Financial Services 1.14% 0.63% #29 9
Prev: #38
3.0 213,037 40.7%
P
S
736,222 $11,028,606 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LPX
LOUISIANA PAC C...
Industrials 1.13% #30
Prev: #—
4.0 135,592 no change
NEW
135,592 $10,950,410 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RYAN
RYAN SPECIALTY ...
Financial Services 1.03% 1.55% #31 5
Prev: #26
0.4 -82,345 -29.8%
P
S
193,966 $10,014,465 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GIL
GILDAN ACTIVEWE...
Consumer Cyclical 1.03% 0.84% #32 4
Prev: #36
2.4 12,775 8.7%
P
S
159,161 $9,941,196 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CHWY
CHEWY INC
Consumer Cyclical 1.01% 1.21% #33 3
Prev: #30
0.9 -5,093 -1.7%
P
S
297,007 $9,816,081 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VCTR
VICTORY CAP HLD...
Financial Services 0.97% 0.97% #34 1
Prev: #33
0.9 -2,443 -1.6%
P
S
148,809 $9,388,360 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FIVE
FIVE BELOW INC
Consumer Cyclical 0.92% 0.74% #35 2
Prev: #37
0.9 -698 -1.5%
P
S
47,307 $8,910,747 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DSGX
DESCARTES SYS G...
Technology 0.91% 0.93% #36 1
Prev: #35
0.9 1,776 1.8%
P
S
100,973 $8,851,293 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UTI
UNIVERSAL TECHN...
Consumer Defensive 0.76% 0.96% #37 3
Prev: #34
0.8 -12,854 -4.3%
P
S
283,155 $7,398,840 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LCII
LCI INDS
Consumer Cyclical 0.74% 0.42% #38 3
Prev: #41
2.8 13,816 30.5%
P
S
59,153 $7,177,625 2014 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CDRE
CADRE HLDGS INC
Industrials 0.67% 0.59% #39
Prev: #39
0.8 -4,161 -2.5%
P
S
159,913 $6,530,847 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BROS
DUTCH BROS INC
Consumer Cyclical 0.61% #40
Prev: #—
3.7 96,537 no change
NEW
96,537 $5,909,995 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CWST
CASELLA WASTE S...
Industrials 0.51% #41
Prev: #—
3.7 50,755 no change
NEW
50,755 $4,970,945 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IEFA
ISHARES TR
ETF 0.50% 0.45% #42 2
Prev: #40
0.7 1,990 3.8%
P
S
54,471 $4,872,976 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MAIN
MAIN STR CAP CO...
Financial Services 0.40% 0.40% #43 1
Prev: #42
0.7 1,126 1.8%
P
S
64,529 $3,896,906 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IEMG
ISHARES INC
ETF 0.39% 0.38% #44 1
Prev: #43
0.7 -1,173 -2.0%
P
S
56,439 $3,793,830 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EUSA
ISHARES INC
ETF 0.25% 0.20% #45 1
Prev: #44
2.1 3,606 18.0%
P
S
23,623 $2,441,910 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RY
ROYAL BK CDA
Financial Services 0.23% 0.19% #46 1
Prev: #45
1.1 no change no change
P
S
13,266 $2,261,720 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CAE
CAE INC
Industrials 0.19% 0.13% #47 3
Prev: #50
2.6 18,603 43.0%
P
S
61,864 $1,881,903 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SHOP
SHOPIFY INC
Technology 0.18% 0.16% #48 1
Prev: #47
1.1 no change no change
P
S
10,937 $1,760,529 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WCN
WASTE CONNECTIO...
Industrials 0.16% #49
Prev: #—
3.6 6,625 no change
NEW
6,625 $1,594,770 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PMTS
CPI CARD GROUP ...
Financial Services 0.15% 0.15% #50 2
Prev: #48
1.1 no change no change
P
S
99,567 $1,461,644 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 97 holdings

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