MONTANARO ASSET MANAGEMENT LTD

PrivateCIK: 1831133

Location

LONDON, X0

Positions

$334.35M

Total AUM (reported)

3.80M

Total Shares

Allocation by class

COM$264.09M79.0%

CL A$29.11M8.7%

COM CL B$14.06M4.2%

SHS$10.43M3.1%

CL A COM$6.32M1.9%

COM CL A$5.68M1.7%

ORD SHS$2.41M0.7%

Portfolio Concentration

Top 3$55.45M16.6%

4–10$93.19M27.9%

11–25$135.84M40.6%

Rest$49.87M14.9%

Top 3 weight

16.6%

Top 10 weight

44.5%

Voting Authority Distribution

Total shares with voting rights: 3.80M

Sole

Full voting authority

1.73M

% of voting shares45.6%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

2.06M

% of voting shares54.4%

Investment Discretion (by position count)

Sole42

Shared0

Other0

Dominant voting typeNone · 54.4% of voting shares

Institutional Holdings42

Rows:

NOVA LTD

SOLE

COM

Shares48.13K

TypeSH

Market value$20.90M

6.25%

Sole

13.13K

Shared

0.00

None

35K

BIO-TECHNE CORP

SOLE

COM

Shares341.05K

TypeSH

Market value$17.82M

5.33%

Sole

213.55K

Shared

0.00

None

127.50K

BALCHEM CORP

SOLE

COM

Shares98.70K

TypeSH

Market value$16.73M

5.00%

Sole

53.70K

Shared

0.00

None

45K

HOULIHAN LOKEY INC

SOLE

CL A

Shares98.25K

TypeSH

Market value$14.11M

4.22%

Sole

28.25K

Shared

0.00

None

70K

BENTLEY SYS INC

SOLE

COM CL B

Shares400.30K

TypeSH

Market value$14.06M

4.20%

Sole

235.30K

Shared

0.00

None

165K

EASTGROUP PPTYS INC

SOLE

COM

Shares75.60K

TypeSH

Market value$13.99M

4.19%

Sole

30.60K

Shared

0.00

None

45K

FEDERAL SIGNAL CORP

SOLE

COM

Shares123.10K

TypeSH

Market value$13.31M

3.98%

Sole

73.10K

Shared

0.00

None

50K

CSW INDUSTRIALS INC

SOLE

COM

Shares49.80K

TypeSH

Market value$12.98M

3.88%

Sole

9.80K

Shared

0.00

None

40K

EXPONENT INC

SOLE

COM

Shares191.80K

TypeSH

Market value$12.51M

3.74%

Sole

81.80K

Shared

0.00

None

110K

AMERICAN WTR WKS CO INC NEW

SOLE

COM

Shares89.84K

TypeSH

Market value$12.23M

3.66%

Sole

89.84K

Shared

0.00

None

0.00

STRIDE INC

SOLE

COM

Shares125.30K

TypeSH

Market value$11.05M

3.30%

Sole

30.30K

Shared

0.00

None

95K

ROLLINS INC

SOLE

COM

Shares203K

TypeSH

Market value$10.84M

3.24%

Sole

83K

Shared

0.00

None

120K

MANHATTAN ASSOCIATES INC

SOLE

COM

Shares79.31K

TypeSH

Market value$10.56M

3.16%

Sole

39.31K

Shared

0.00

None

40K

FABRINET

SOLE

SHS

Shares20K

TypeSH

Market value$10.43M

3.12%

Sole

0.00

Shared

0.00

None

20K

ENTEGRIS INC

SOLE

COM

Shares81.90K

TypeSH

Market value$9.60M

2.87%

Sole

21.90K

Shared

0.00

None

60K

TYLER TECHNOLOGIES INC

SOLE

COM

Shares27.32K

TypeSH

Market value$9.36M

2.80%

Sole

7.33K

Shared

0.00

None

20K

GRACO INC

SOLE

COM

Shares110K

TypeSH

Market value$9.31M

2.78%

Sole

20K

Shared

0.00

None

90K

HAWKINS INC

SOLE

COM

Shares59.80K

TypeSH

Market value$9.19M

2.75%

Sole

14.80K

Shared

0.00

None

45K

FTI CONSULTING INC

SOLE

COM

Shares50K

TypeSH

Market value$8.84M

2.64%

Sole

0.00

Shared

0.00

None

50K

SITIME CORP

SOLE

COM

Shares25K

TypeSH

Market value$8.63M

2.58%

Sole

0.00

Shared

0.00

None

25K

MSCI INC

SOLE

COM

Shares15.65K

TypeSH

Market value$8.44M

2.52%

Sole

15.65K

Shared

0.00

None

0.00

TRANSMEDICS GROUP INC

SOLE

COM

Shares78.74K

TypeSH

Market value$7.83M

2.34%

Sole

43.74K

Shared

0.00

None

35K

VALMONT INDS INC

SOLE

COM

Shares19.40K

TypeSH

Market value$7.75M

2.32%

Sole

9.40K

Shared

0.00

None

10K

WATTS WATER TECHNOLOGIES INC

SOLE

CL A

Shares26.50K

TypeSH

Market value$7.69M

2.30%

Sole

7.50K

Shared

0.00

None

19K

VEEVA SYS INC

SOLE

CL A COM

Shares36K

TypeSH

Market value$6.32M

1.89%

Sole

36K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
NOVA LTDSOLE	COM	48.13K	SH	$20.90M 6.25%	13.13K	35K
BIO-TECHNE CORPSOLE	COM	341.05K	SH	$17.82M 5.33%	213.55K	127.50K
BALCHEM CORPSOLE	COM	98.70K	SH	$16.73M 5.00%	53.70K	45K
HOULIHAN LOKEY INCSOLE	CL A	98.25K	SH	$14.11M 4.22%	28.25K	70K
BENTLEY SYS INCSOLE	COM CL B	400.30K	SH	$14.06M 4.20%	235.30K	165K
EASTGROUP PPTYS INCSOLE	COM	75.60K	SH	$13.99M 4.19%	30.60K	45K
FEDERAL SIGNAL CORPSOLE	COM	123.10K	SH	$13.31M 3.98%	73.10K	50K
CSW INDUSTRIALS INCSOLE	COM	49.80K	SH	$12.98M 3.88%	9.80K	40K
EXPONENT INCSOLE	COM	191.80K	SH	$12.51M 3.74%	81.80K	110K
AMERICAN WTR WKS CO INC NEWSOLE	COM	89.84K	SH	$12.23M 3.66%	89.84K	0.00
STRIDE INCSOLE	COM	125.30K	SH	$11.05M 3.30%	30.30K	95K
ROLLINS INCSOLE	COM	203K	SH	$10.84M 3.24%	83K	120K
MANHATTAN ASSOCIATES INCSOLE	COM	79.31K	SH	$10.56M 3.16%	39.31K	40K
FABRINETSOLE	SHS	20K	SH	$10.43M 3.12%	0.00	20K
ENTEGRIS INCSOLE	COM	81.90K	SH	$9.60M 2.87%	21.90K	60K
TYLER TECHNOLOGIES INCSOLE	COM	27.32K	SH	$9.36M 2.80%	7.33K	20K
GRACO INCSOLE	COM	110K	SH	$9.31M 2.78%	20K	90K
HAWKINS INCSOLE	COM	59.80K	SH	$9.19M 2.75%	14.80K	45K
FTI CONSULTING INCSOLE	COM	50K	SH	$8.84M 2.64%	0.00	50K
SITIME CORPSOLE	COM	25K	SH	$8.63M 2.58%	0.00	25K
MSCI INCSOLE	COM	15.65K	SH	$8.44M 2.52%	15.65K	0.00
TRANSMEDICS GROUP INCSOLE	COM	78.74K	SH	$7.83M 2.34%	43.74K	35K
VALMONT INDS INCSOLE	COM	19.40K	SH	$7.75M 2.32%	9.40K	10K
WATTS WATER TECHNOLOGIES INCSOLE	CL A	26.50K	SH	$7.69M 2.30%	7.50K	19K
VEEVA SYS INCSOLE	CL A COM	36K	SH	$6.32M 1.89%	36K	0.00

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