Montanaro Asset Management Ltd

Q3 2025 13F-HR Holdings

Location
London, X0
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
41
Total value ($000)
$400,412
Net value change ($000)
+12,521 (3.2%)
New positions
3
Sold out positions
1
Turnover %
6.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/5/2025 Next filing: 3/10/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
EGP 6,263 NEW
TECH 4,966 32.7%
MANH 4,859 34.6%
MIR 3,991 NEW
NVMI 3,785 19.1%
HLI 3,697 25.4%
ROL 2,495 16.7%
HWKN 2,401 28.6%
DOCS 2,355 NEW
FN 2,308 23.7%
Top Reduces (Value $000, Stocks/ETFs)
AKX -11,555 -100.0%
BRKR -5,634 -44.0%
BRBR -2,373 -37.2%
TMDX -2,225 -13.2%
BMI -2,168 -50.3%
MASI -1,934 -50.3%
CSW -1,763 -15.4%
TYL -1,345 -6.0%
ALRM -1,326 -13.2%
WMS -653 -15.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type