Geneva Capital Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Geneva Capital Management LLC reported 123 stock positions worth $5.3 billion. Its top holding was RBC Bearings (RBC) at 4.3% of the portfolio, followed by Construction Partners Class A (ROAD, 3.7%) and Exlservice (EXLS, 3.7%). Compared with Q3 2025, it opened 4 new positions, sold out of 2, added to 28 and reduced 91. The biggest buy was a new position in Loar (LOAR) and the biggest sale Trex (TREX, shares −54%).

Most Recent 13F
Q2 2026
Location
MILWAUKEE, WI
CIK
0001009232
Portfolio Value
$5.3B (Q4 2025)
SEC Filing
0001009232-26-000002 ↗ filed Feb 12, 2026

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $5.7B Q1 2024 Q2 2024: $5.5B Q2 2024 Q3 2024: $6.0B Q3 2024 Q4 2024: $5.8B Q4 2024 Q1 2025: $5.4B Q1 2025 Q2 2025: $6.0B Q2 2025 Q3 2025: $5.8B Q3 2025 Q4 2025: $5.3B $5.3B Q4 2025 Q1 2026: $4.7B Q1 2026 Q2 2026: $4.4B Q2 2026

Holdings 123 stocks · $5.3B
RBC RBC Bearings Inc. 4.35% 515,814 $231.3M Reduce -14.1%
ROAD Construction Partners Inc. Class A 3.71% 1,821,134 $197.7M Add +0.3%
EXLS Exlservice Holdings Inc. 3.67% 4,601,881 $195.3M Reduce -7.9%
GMED Globus Medical Inc. Class A 3.12% 1,901,974 $166.1M Reduce -8.7%
ESE Esco Technologies Inc. 2.89% 788,225 $154.0M Reduce -10.4%
TXRH Texas Roadhouse Inc. 2.67% 856,712 $142.2M Reduce -10.3%
AAON Aaon Inc. 2.65% 1,849,643 $141.0M Reduce -8.6%
BCPC Balchem Corp. 2.62% 907,801 $139.2M Reduce -8.1%
ONTO Onto Innovation Inc. 2.47% 831,341 $131.2M Reduce -23.3%
DSGX The Descartes Systems Grp 2.35% 1,429,426 $125.3M Reduce -9.1%
CWST Casella Waste Systems Inc. Class A 2.33% 1,265,324 $123.9M Add +0.7%
KNSL Kinsale Capital Group Inc. 2.26% 308,024 $120.5M Reduce -9.1%
EXPO Exponent Inc. 2.25% 1,727,401 $120.0M Reduce -7.1%
OLLI Ollie's Bargain Outlet Holdi 2.13% 1,033,765 $113.3M Reduce -8.4%
NOVT Novanta Inc. 2.02% 903,088 $107.5M Reduce -7.8%
HQY Healthequity Inc. 1.93% 1,118,576 $102.5M Add +1.9%
TYL Tyler Technologies Inc. 1.90% 223,155 $101.3M Reduce -5.3%
RGEN Repligen Corp. 1.73% 562,975 $92.2M Reduce -5.7%
BFAM Bright Horizons Family Solut 1.67% 874,973 $88.7M Add +23.3%
AGYS Agilysys Inc. 1.63% 732,017 $87.0M Reduce -10.5%
SITE Siteone Landscape Supply Inc. 1.59% 678,120 $84.5M Reduce -10.8%
SPXC SPX Technologies Inc. 1.58% 421,193 $84.3M Reduce -10.6%
PLUS Eplus Inc. 1.36% 823,539 $72.2M Reduce -10.4%
BLKB Blackbaud Inc. 1.30% 1,089,951 $69.0M Reduce -11.0%
DGII Digi International Inc. 1.26% 1,543,335 $66.8M Reduce -10.5%
LMAT Lemaitre Vascular Inc. 1.24% 814,683 $66.1M Reduce -10.7%
VCEL Vericel Corp. 1.24% 1,826,725 $65.8M Reduce -6.1%
FSV Firstservice Corp. 1.21% 414,948 $64.5M Add +8.2%
TECH Bio-Techne Corp. 1.20% 1,090,495 $64.1M Reduce -8.0%
MTSI Macom Technology Solutions H 1.20% 372,559 $63.8M Reduce -10.1%
KEYS Keysight Technologies Inc. 1.14% 297,578 $60.5M Add +5.0%
ALRM Alarm.com Holdings Inc. 1.11% 1,154,353 $58.9M Reduce -11.1%
DCI Donaldson Co. Inc. 1.09% 656,558 $58.2M Reduce -10.7%
AX Axos Financial Inc. 1.07% 659,859 $56.9M Reduce -10.6%
ROL Rollins Inc. 1.03% 914,852 $54.9M Add +4.3%
VERX Vertex Inc. Class A 1.02% 2,710,499 $54.1M Reduce -7.6%
DORM Dorman Products Inc. 0.94% 405,333 $49.9M Reduce -10.9%
VVV Valvoline Inc. 0.90% 1,654,904 $48.1M Reduce -15.0%
CERT Certara Inc. 0.90% 5,411,712 $47.7M Reduce -12.2%
WDFC WD-40 Co. 0.88% 237,904 $46.8M Reduce -9.9%
AXON Axon Enterprise Inc. 0.87% 81,522 $46.3M Add +3.2%
BL Blackline Inc. 0.86% 825,862 $45.7M Reduce -10.1%
APH Amphenol Corp. Class A 0.85% 334,224 $45.2M Reduce -17.9%
IIIV I3 Verticals Inc. Class A 0.80% 1,682,481 $42.4M Reduce -10.6%
HLNE Hamilton Lane Inc. Class A 0.78% 310,349 $41.7M Add +13.8%
JJSF J & J Snack Foods Corp. 0.77% 456,043 $41.2M Reduce -15.7%
ORLY O'reilly Automotive Inc. 0.74% 434,834 $39.7M Reduce -1.7%
BURL Burlington Stores Inc. 0.74% 137,247 $39.6M Add +5.3%
HEI.A Heico Corp. Class A 0.74% 156,721 $39.6M Reduce -1.6%
OPCH Option Care Health Inc. 0.74% 1,234,976 $39.3M Reduce -9.8%
MPWR Monolithic Power Systems Inc. 0.73% 42,847 $38.8M Add +0.8%
WMS Advanced Drainage Systems Inc. 0.72% 264,305 $38.3M Add +5.3%
CPRT Copart Inc. 0.59% 807,874 $31.6M Reduce -14.8%
UFPT Ufp Technologies Inc. 0.59% 142,260 $31.6M Reduce -10.2%
PLMR Palomar Holdings Inc. 0.59% 231,499 $31.2M Reduce -10.7%
CSGP Costar Group Inc. 0.57% 450,799 $30.3M Add +3.4%
CDNS Cadence Design SYS Inc. 0.55% 93,521 $29.2M Reduce -1.8%
RYAN Ryan Specialty Holdings Inc. 0.55% 563,257 $29.1M Add +5.1%
TREX Trex Company Inc. 0.53% 800,838 $28.1M Reduce -53.5%
IDXX Idexx Laboratories Inc. 0.52% 41,270 $27.9M Reduce -1.7%
STE Steris PLC 0.50% 104,165 $26.4M Add +1.8%
CHD Church & Dwight Co. Inc. 0.49% 312,517 $26.2M Add +1.3%
SPSC SPS Commerce Inc. 0.47% 281,354 $25.1M Reduce -41.4%
VRSK Verisk Analytics Inc. 0.47% 111,306 $24.9M Add +2.2%
LOAR Loar Holdings Inc. 0.46% 358,067 $24.3M New
WSO Watsco Inc. 0.43% 67,519 $22.8M Add +3.5%
POOL Pool Corp. 0.42% 96,727 $22.1M Add +2.3%
ICE Intercontinental Exchange Inc. 0.41% 135,395 $21.9M Reduce -1.7%
INTU Intuit Inc. 0.41% 33,051 $21.9M Reduce -2.2%
HUBS HubSpot Inc. 0.40% 53,426 $21.4M Add +0.1%
MRTN Marten Transport Ltd. 0.40% 1,868,567 $21.3M Reduce -43.1%
EPAM Epam Systems Inc. 0.39% 100,549 $20.6M Add +4.0%
BR Broadridge Financial Solutio 0.38% 91,436 $20.4M Reduce -1.7%
CBZ Cbiz Inc. 0.38% 399,627 $20.2M Reduce -7.7%
IWO iShares Russell 2000 Growth 0.38% 61,898 $20.0M Reduce -12.6%
BLFS Biolife Solutions Inc. 0.36% 803,538 $19.4M Reduce -10.6%
ROP Roper Technologies Inc. 0.34% 40,338 $18.0M Reduce -2.8%
IEX Idex Corp. 0.33% 98,082 $17.5M Reduce -1.3%
RJF Raymond James Financial Inc. 0.32% 105,711 $17.0M Reduce -1.9%
VMC Vulcan Materials Co. 0.32% 59,131 $16.9M Reduce -1.7%
AZTA Azenta Inc. 0.29% 463,408 $15.4M Reduce -10.2%
DDOG Datadog Inc. Class A 0.28% 109,962 $15.0M Add +14.5%
IT Gartner Inc. 0.28% 58,648 $14.8M Reduce -15.9%
MLAB Mesa Laboratories Inc. 0.26% 178,713 $14.0M Reduce -6.6%
FICO Fair Isaac Corp. 0.26% 8,195 $13.9M Reduce -1.6%
ULTA Ulta Beauty Inc. 0.26% 22,596 $13.7M Reduce -1.9%
WSC Willscot Holdings Corp. 0.23% 663,325 $12.5M Reduce -10.4%
ODFL Old Dominion Freight Line 0.22% 75,697 $11.9M Reduce -9.0%
DXCM Dexcom Inc. 0.17% 134,930 $9.0M Reduce -8.9%
IWP iShares Russell Mid-Cap Grow 0.17% 64,663 $8.9M Add +347.2%
APG Api Group Corp. 0.16% 218,380 $8.4M Add +43.8%
COO The Cooper Cos Inc. 0.15% 98,597 $8.1M Reduce -1.6%
TRMB Trimble Inc. 0.15% 99,339 $7.8M Reduce -1.7%
SSNC Ss&c Technologies Holdings 0.13% 79,632 $7.0M Reduce -1.4%
VEEV Veeva Systems Inc. Class A 0.13% 30,456 $6.8M Add +35.5%
BSY Bentley Systems Inc. Class B 0.11% 152,639 $5.8M Add +20.9%
MKTX Marketaxess Holdings Inc. 0.09% 27,446 $5.0M Add +14.2%
ULS Ul Solutions Inc. Class A 0.08% 56,008 $4.4M New
ALGN Align Technology Inc. 0.08% 28,143 $4.4M Reduce -3.8%
FRPT Freshpet Inc. 0.07% 65,560 $4.0M Reduce -6.7%

Show all 123 holdings

Portfolio Sells Q3 2025 → Q4 2025
TREX Trex Company Inc. Reduce -53.5% 0.53% −1.00
AAON Aaon Inc. Reduce -8.6% 2.65% −0.59
FISV Fiserv Inc. Sold out 0.00% −0.40
CERT Certara Inc. Reduce -12.2% 0.90% −0.40
SPSC SPS Commerce Inc. Reduce -41.4% 0.47% −0.39
OLLI Ollie's Bargain Outlet Holdi Reduce -8.4% 2.13% −0.36
VVV Valvoline Inc. Reduce -15.0% 0.90% −0.30
ESE Esco Technologies Inc. Reduce -10.4% 2.89% −0.29
DORM Dorman Products Inc. Reduce -10.9% 0.94% −0.28
IIIV I3 Verticals Inc. Class A Reduce -10.6% 0.80% −0.25
FOXF Fox Factory Holding Corp. Sold out 0.00% −0.24
VERX Vertex Inc. Class A Reduce -7.6% 1.02% −0.23
TYL Tyler Technologies Inc. Reduce -5.3% 1.90% −0.21
KNSL Kinsale Capital Group Inc. Reduce -9.1% 2.26% −0.21
MRTN Marten Transport Ltd. Reduce -43.1% 0.40% −0.20
DSGX The Descartes Systems Grp Reduce -9.1% 2.35% −0.19
CPRT Copart Inc. Reduce -14.8% 0.59% −0.14
LMAT Lemaitre Vascular Inc. Reduce -10.7% 1.24% −0.13
JJSF J & J Snack Foods Corp. Reduce -15.7% 0.77% −0.12
EXLS Exlservice Holdings Inc. Reduce -7.9% 3.67% −0.11
SITE Siteone Landscape Supply Inc. Reduce -10.8% 1.59% −0.09
ALRM Alarm.com Holdings Inc. Reduce -11.1% 1.11% −0.08
ORLY O'reilly Automotive Inc. Reduce -1.7% 0.74% −0.07
BLKB Blackbaud Inc. Reduce -11.0% 1.30% −0.05
TXRH Texas Roadhouse Inc. Reduce -10.3% 2.67% −0.05
IT Gartner Inc. Reduce -15.9% 0.28% −0.04
WSC Willscot Holdings Corp. Reduce -10.4% 0.23% −0.03
BLFS Biolife Solutions Inc. Reduce -10.6% 0.36% −0.03
CDNS Cadence Design SYS Inc. Reduce -1.8% 0.55% −0.02
ROP Roper Technologies Inc. Reduce -2.8% 0.34% −0.02
APH Amphenol Corp. Class A Reduce -17.9% 0.85% −0.02
WDFC WD-40 Co. Reduce -9.9% 0.88% −0.02
CBZ Cbiz Inc. Reduce -7.7% 0.38% −0.01
IWO iShares Russell 2000 Growth Reduce -12.6% 0.38% −0.01
GNRC Generac Holdings Inc. Reduce -4.8% 0.05% −0.01
CGNX Cognex Corp. Reduce -2.0% 0.04% −0.01
AX Axos Financial Inc. Reduce -10.6% 1.07% −0.00
MSI Motorola Solutions Inc. Reduce -1.0% 0.03% −0.00
DXCM Dexcom Inc. Reduce -8.9% 0.17% −0.00
VMC Vulcan Materials Co. Reduce -1.7% 0.32% −0.00
COST Costco Wholesale Corp. Reduce -2.3% 0.05% −0.00
RJF Raymond James Financial Inc. Reduce -1.9% 0.32% −0.00
MSFT Microsoft Corp. Reduce -2.1% 0.06% +0.00
FBIN Fortune Brands Innovations I Reduce -2.1% 0.06% +0.00
VLTO Veralto Corp. Reduce -1.0% 0.02% +0.00
LOW Lowe's Cos Inc. Reduce -2.9% 0.03% +0.00
ECL Ecolab Inc. Reduce -1.1% 0.03% +0.00
BR Broadridge Financial Solutio Reduce -1.7% 0.38% +0.00
CRM Salesforce Inc. Reduce -1.0% 0.02% +0.00
V Visa Inc. Class A Reduce -2.4% 0.05% +0.00

Portfolio Buys Q3 2025 → Q4 2025
LOAR Loar Holdings Inc. New 0.46% +0.46
BFAM Bright Horizons Family Solut Add +23.3% 1.67% +0.35
KEYS Keysight Technologies Inc. Add +5.0% 1.14% +0.29
CWST Casella Waste Systems Inc. Class A Add +0.7% 2.33% +0.28
BURL Burlington Stores Inc. Add +5.3% 0.74% +0.18
HLNE Hamilton Lane Inc. Class A Add +13.8% 0.78% +0.15
ROL Rollins Inc. Add +4.3% 1.03% +0.15
HQY Healthequity Inc. Add +1.9% 1.93% +0.14
EPAM Epam Systems Inc. Add +4.0% 0.39% +0.14
IWP iShares Russell Mid-Cap Grow Add +347.2% 0.17% +0.13
WMS Advanced Drainage Systems Inc. Add +5.3% 0.72% +0.12
ULS Ul Solutions Inc. Class A New 0.08% +0.08
APG Api Group Corp. Add +43.8% 0.16% +0.07
STE Steris PLC Add +1.8% 0.50% +0.06
MPWR Monolithic Power Systems Inc. Add +0.8% 0.73% +0.06
DDOG Datadog Inc. Class A Add +14.5% 0.28% +0.05
VBK Van Morst SML-Cap Gro-Usd Inc. New 0.03% +0.03
CHD Church & Dwight Co. Inc. Add +1.3% 0.49% +0.03
RYAN Ryan Specialty Holdings Inc. Add +5.1% 0.55% +0.03
MKTX Marketaxess Holdings Inc. Add +14.2% 0.09% +0.02
VEEV Veeva Systems Inc. Class A Add +35.5% 0.13% +0.01
EW Edwards Lifesciences Corp. Add +22.9% 0.03% +0.01
IJK iShares S&P Mid-Cap 400 Grow New 0.00% +0.00
VRSK Verisk Analytics Inc. Add +2.2% 0.47% −0.00
BSY Bentley Systems Inc. Class B Add +20.9% 0.11% −0.00
WSO Watsco Inc. Add +3.5% 0.43% −0.02
HUBS HubSpot Inc. Add +0.1% 0.40% −0.03
FSV Firstservice Corp. Add +8.2% 1.21% −0.04
CSGP Costar Group Inc. Add +3.4% 0.57% −0.06
POOL Pool Corp. Add +2.3% 0.42% −0.09
AXON Axon Enterprise Inc. Add +3.2% 0.87% −0.10
ROAD Construction Partners Inc. Class A Add +0.3% 3.71% −0.24

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 119$4.4BRBC, ONTO, ESE, AAON, ROAD
Q1 2026 120$4.7BRBC, ESE, ROAD, GMED, ONTO
Q4 2025 123$5.3BRBC, ROAD, EXLS, GMED, ESE
Q3 2025 121$5.8BRBC, ROAD, EXLS, AAON, ESE
Q2 2025 123$6.0BRBC, ROAD, EXLS, TXRH, ESE
Q1 2025 125$5.4BEXLS, KNSL, RBC, ROAD, TXRH
Q4 2024 131$5.8BROAD, EXLS, AAON, KNSL, RBC
Q3 2024 130$6.0BROAD, ONTO, KNSL, EXPO, AAON
Q2 2024 130$5.5BONTO, ROAD, TXRH, RBC, KNSL
Q1 2024 126$5.7BKNSL, ONTO, ROAD, RBC, AAON