Grandeur Peak Global Advisors, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Grandeur Peak Global Advisors, LLC reported 131 stock positions worth $1.3 billion. Its top holding was Jfrog (FROG) at 6.9% of the portfolio, followed by Monolithic Power Systems (MPWR, 5.9%) and Globant (GLOB, 5.0%). Compared with Q1 2024, it opened 17 new positions, sold out of 7, added to 29 and reduced 66. The biggest buy was a new position in BBB Foods Class A (TBBB) and the biggest sale Globant (GLOB, shares −21%).

Most Recent 13F
Q2 2026
Location
SALT LAKE CITY, UT
CIK
0001569137
Portfolio Value
$1.3B (Q2 2024)
SEC Filing
0001569137-24-000004 ↗ filed Aug 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.3B Q1 2024 Q2 2024: $1.3B $1.3B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.1B Q4 2024 Q1 2025: $901.8M Q1 2025 Q2 2025: $829.9M Q2 2025 Q3 2025: $745.4M Q3 2025 Q4 2025: $742.8M Q4 2025 Q1 2026: $426.8M Q1 2026 Q2 2026: $432.1M Q2 2026

Holdings 131 stocks · $1.3B
FROG Jfrog Ltd. 6.94% 2,312,231 $86.8M Add +7.6%
MPWR Monolithic Power Systems Inc. 5.94% 90,427 $74.3M Reduce -4.7%
GLOB Globant SA 4.96% 348,418 $62.1M Reduce -20.5%
LFUS Littelfuse Inc. 4.42% 216,326 $55.3M Reduce -9.1%
ICLR Icon PLC 4.41% 176,108 $55.2M Add +0.2%
PAX Patria Investments Ltd. Class A 3.51% 3,645,080 $44.0M Reduce -3.0%
ESTC Elastic NV 3.34% 367,267 $41.8M Add +4.2%
NET Cloudflare Inc. Class A 2.73% 412,999 $34.2M Add +23.1%
CYBR Cyberark Software Ltd./Israel 2.60% 119,167 $32.6M Add +29.4%
QGEN Qiagen NV 2.52% 767,697 $31.5M No change
PJT PJT Partners Inc. Class A 2.51% 290,916 $31.4M Reduce -13.3%
LULU Lululemon Athletica Inc. 2.43% 101,939 $30.4M Add +4.2%
DAVA Endava PLC- Spon ADR 2.01% 860,310 $25.2M Add +92.4%
TBBB BBB Foods Inc. Class A 1.89% 992,758 $23.7M New
DSGX The Descartes Systems Grp 1.79% 230,825 $22.4M Add +9.7%
CRWD CrowdStrike Holdings Inc. Class A 1.68% 54,866 $21.0M Reduce -4.2%
OLLI Ollie's Bargain Outlet Holdi 1.67% 213,163 $20.9M Reduce -10.4%
NVMI Nova Ltd. 1.58% 84,430 $19.8M Reduce -1.4%
FIVE Five Below 1.33% 152,703 $16.6M Add +63.9%
CRL Charles River Laboratories 1.23% 74,290 $15.3M Add +17.8%
QLYS Qualys Inc. 1.14% 100,213 $14.3M Reduce -18.4%
EVR Evercore Inc. Class A 1.12% 67,443 $14.1M Reduce -8.5%
DOCN Digitalocean Holdings Inc. 1.11% 401,534 $14.0M Reduce -13.1%
STN Stantec Inc. 1.11% 166,100 $13.9M New
NVT Nvent Electric PLC 1.10% 180,263 $13.8M New
NVEE NV5 Global Inc. 1.02% 137,623 $12.8M Reduce -7.2%
HDB HDFC Bank Ltd.-ADR 0.97% 189,245 $12.2M No change
BURL Burlington Stores Inc. 0.94% 49,133 $11.8M Add +177.9%
RPC Ridgepost Capital Inc. Class A filed as P10 INC 0.94% 1,387,137 $11.8M Reduce -28.9%
SLAB Silicon Laboratories Inc. 0.93% 105,313 $11.7M Reduce -6.4%
STVN Stevanato Group SPA 0.84% 576,090 $10.6M New
PD Pagerduty Inc. 0.82% 448,703 $10.3M Reduce -15.2%
PODD Insulet Corp. 0.82% 50,972 $10.3M Add +14.3%
SITM Sitime Corp. 0.82% 82,605 $10.3M Reduce -13.3%
ETSY Etsy Inc. 0.82% 174,183 $10.3M Reduce -3.8%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.79% 259,134 $9.9M Add +7.0%
GIC Global Industrial Co. 0.78% 312,595 $9.8M Reduce -5.7%
ARES Ares Management Corp. Class A 0.77% 72,661 $9.7M Reduce -18.5%
NEOG Neogen Corp. 0.76% 609,777 $9.5M Reduce -1.5%
VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD 0.75% 864,851 $9.4M No change
HQY Healthequity Inc. 0.73% 106,188 $9.2M Add +80.0%
DORM Dorman Products Inc. 0.73% 99,886 $9.1M Add +832.3%
CWAN Clearwater Analytics HDS-A 0.71% 482,908 $8.9M Add +81.3%
MEDP Medpace Holdings Inc. 0.70% 21,251 $8.8M Reduce -25.5%
ATRC Atricure Inc. 0.68% 373,184 $8.5M Add +8.2%
PACS Pacs Group Inc. 0.67% 285,000 $8.4M New
HLI Houlihan Lokey Inc. 0.64% 59,795 $8.1M Reduce -17.5%
SHLS Shoals Technologies Group -A 0.63% 1,264,005 $7.9M Add +15.0%
PWP Perella Weinberg Partners 0.62% 478,585 $7.8M Reduce -8.3%
VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP 0.61% 256,243 $7.7M Add +6.8%
SKX Skechers USA Inc. Class A 0.52% 94,431 $6.5M Reduce -3.9%
TW Tradeweb Markets Inc. Class A 0.52% 61,350 $6.5M Reduce -14.9%
HCKT The Hackett Group Inc. 0.50% 288,412 $6.3M No change
TXRH Texas Roadhouse Inc. 0.49% 35,604 $6.1M Reduce -21.1%
FORM Formfactor Inc. 0.49% 100,462 $6.1M Reduce -18.6%
HRI Herc Holdings Inc. filed as HERC HLDGS INC 0.46% 42,856 $5.7M Reduce -14.5%
WHD Cactus Inc. Class A 0.45% 107,291 $5.7M Reduce -22.4%
WSC Willscot Holdings Corp. 0.45% 150,164 $5.7M Reduce -3.6%
GSHD Goosehead Insurance Inc. Class A 0.42% 91,994 $5.3M Add +11.4%
ALGN Align Technology Inc. 0.40% 20,916 $5.0M Reduce -2.4%
ESQ Esquire Financial Holdings I 0.40% 104,847 $5.0M Add +22.4%
ATMU Atmus Filtration Technologie 0.39% 171,104 $4.9M Reduce -55.1%
ENSG The Ensign Group Inc. 0.39% 39,615 $4.9M Reduce -4.6%
CNM Core & Main Inc. Class A 0.39% 99,199 $4.9M Reduce -10.0%
REXR Rexford Industrial Realty Inc. 0.39% 108,442 $4.8M Reduce -3.1%
PRIM Primoris Services Corp. 0.37% 93,103 $4.6M New
TRS Trimas Corp. 0.33% 160,158 $4.1M Reduce -5.3%
NSP Insperity Inc. 0.32% 43,984 $4.0M No change
ZS Zscaler Inc. 0.31% 20,485 $3.9M Reduce -14.1%
PNTG The Pennant Group Inc. 0.31% 165,051 $3.8M Add +45.6%
MRVL Marvell Technology Inc. 0.30% 53,190 $3.7M Reduce -7.7%
MKTX Marketaxess Holdings Inc. 0.29% 18,296 $3.7M Reduce -35.8%
BBSI Barrett Business SVCS Inc. 0.29% 111,092 $3.6M Reduce -18.9%
IDXX Idexx Laboratories Inc. 0.28% 7,149 $3.5M Add +4.5%
CPNG Coupang Inc. 0.28% 165,727 $3.5M Reduce -13.8%
GO Grocery Outlet Holding Corp. 0.27% 153,419 $3.4M New
OWL Blue Owl Capital Inc. 0.26% 184,003 $3.3M Add +117.7%
URI United Rentals Inc. 0.25% 4,899 $3.2M No change
TPG TPG Inc. 0.25% 75,038 $3.1M Reduce -31.4%
XP XP Inc. Class A 0.25% 176,192 $3.1M Add +11.2%
NTB Bank of N.T. Butterfield&son 0.24% 86,944 $3.1M Reduce -63.0%
SVV Savers Value Village Inc. 0.24% 247,510 $3.0M Reduce -23.2%
DXCM Dexcom Inc. 0.24% 26,070 $3.0M Reduce -2.3%
HUBS HubSpot Inc. 0.23% 4,911 $2.9M Reduce -3.4%
MC Moelis & Co. Class A 0.23% 50,447 $2.9M Reduce -45.1%
MELI MercadoLibre Inc. 0.21% 1,588 $2.6M No change
BWMN Bowman Consulting Group Ltd. 0.20% 79,598 $2.5M Add +23.2%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.20% 2,801 $2.5M No change
POWI Power Integrations Inc. 0.19% 33,257 $2.3M Reduce -40.7%
APO Apollo Global Management Inc. 0.18% 19,132 $2.3M Reduce -23.7%
TRNO Terreno Realty Corp. 0.17% 35,414 $2.1M Reduce -28.3%
POOL Pool Corp. 0.14% 5,718 $1.8M Reduce -39.0%
FAST Fastenal Co. 0.13% 25,718 $1.6M Reduce -3.8%
KKR KKR & Co. Inc. 0.12% 14,013 $1.5M New
PLBC Plumas Bancorp 0.11% 39,016 $1.4M No change
WAL Western Alliance Bancorp 0.09% 17,255 $1.1M No change
TECH Bio-Techne Corp. 0.08% 14,669 $1.1M Reduce -10.6%
SMAR Smartsheet Inc. Class A 0.08% 23,026 $1.0M No change
NSSC Napco Security Technologies 0.08% 18,988 $986K New
HCSG Healthcare Services Group 0.08% 90,601 $959K Reduce -35.7%
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 0.07% 46,575 $932K New
WIX Wix.com Ltd. 0.07% 5,774 $918K Add +50.8%
MNDY Monday.com Ltd. 0.07% 3,790 $912K No change
MSCI MSCI Inc. 0.06% 1,524 $734K Add +65.8%
FND Floor & Decor Holdings Inc. Class A 0.05% 6,888 $685K Reduce -42.4%
DLR Digital Realty Trust Inc. 0.05% 4,490 $683K Reduce -9.4%
PAGS Pagseguro Digital Ltd. Class A 0.05% 57,100 $667K Reduce -27.2%
GNTX Gentex Corp. 0.05% 19,717 $665K Add +20.9%
DCBO Docebo Inc. 0.05% 16,025 $619K Reduce -5.9%
EPAC Enerpac Tool Group Corp. 0.05% 16,060 $613K New
FRPT Freshpet Inc. 0.04% 4,259 $551K Reduce -38.5%
DDOG Datadog Inc. Class A 0.04% 3,897 $505K Reduce -45.3%
ULS Ul Solutions Inc. Class A 0.04% 10,547 $445K New
KVYO Klaviyo Inc. Class A 0.03% 17,232 $429K New
JYNT The Joint Corp. 0.03% 30,147 $424K No change
OKTA Okta Inc. 0.03% 4,487 $420K New
TENB Tenable Holdings Inc. 0.03% 9,372 $408K New
ARE Alexandria Real Estate Equit 0.03% 3,486 $408K No change
CROX Crocs Inc. 0.03% 2,690 $393K No change
FIGS Figs Inc. Class A 0.03% 73,388 $391K No change
GTLB Gitlab Inc. Class A 0.03% 7,716 $384K No change
BILL Bill Holdings Inc. 0.03% 7,050 $371K Reduce -46.0%
PCTY Paylocity Holding Corp. 0.03% 2,613 $345K Reduce -78.8%
PAYC Paycom Software Inc. 0.03% 2,233 $319K Reduce -91.3%
LOVE The Lovesac Co. 0.02% 10,945 $247K No change
ROST Ross Stores Inc. 0.01% 1,171 $170K No change
TMCI Treace Medical Concepts Inc. 0.01% 21,204 $141K Reduce -61.6%
RHI Robert Half Inc. 0.01% 1,829 $117K New
THR Thermon Group Holdings Inc. 0.01% 3,742 $115K New
DG Dollar General Corp. 0.01% 775 $102K Reduce -89.8%
MXCT Maxcyte Inc. 0.01% 16,588 $65K Reduce -93.4%

Portfolio Sells Q1 2024 → Q2 2024
GLOB Globant SA Reduce -20.5% 4.96% −2.07
PAX Patria Investments Ltd. Class A Reduce -3.0% 3.51% −0.92
ATMU Atmus Filtration Technologie Reduce -55.1% 0.39% −0.58
QLYS Qualys Inc. Reduce -18.4% 1.14% −0.49
GIC Global Industrial Co. Reduce -5.7% 0.78% −0.40
PAYC Paycom Software Inc. Reduce -91.3% 0.03% −0.38
RPC Ridgepost Capital Inc. Class A Reduce -28.9% 0.94% −0.37
SLAB Silicon Laboratories Inc. Reduce -6.4% 0.93% −0.35
NTB Bank of N.T. Butterfield&son Reduce -63.0% 0.24% −0.35
DOCN Digitalocean Holdings Inc. Reduce -13.1% 1.11% −0.29
QCOM Qualcomm Inc. Sold out 0.00% −0.26
SVV Savers Value Village Inc. Reduce -23.2% 0.24% −0.25
MEDP Medpace Holdings Inc. Reduce -25.5% 0.70% −0.22
HRI Herc Holdings Inc. Reduce -14.5% 0.46% −0.21
MKTX Marketaxess Holdings Inc. Reduce -35.8% 0.29% −0.20
MC Moelis & Co. Class A Reduce -45.1% 0.23% −0.19
ETSY Etsy Inc. Reduce -3.8% 0.82% −0.17
ARES Ares Management Corp. Class A Reduce -18.5% 0.77% −0.17
LFUS Littelfuse Inc. Reduce -9.1% 4.42% −0.17
POOL Pool Corp. Reduce -39.0% 0.14% −0.16
ALGN Align Technology Inc. Reduce -2.4% 0.40% −0.15
PCTY Paylocity Holding Corp. Reduce -78.8% 0.03% −0.14
TPG TPG Inc. Reduce -31.4% 0.25% −0.14
POWI Power Integrations Inc. Reduce -40.7% 0.19% −0.13
NVEE NV5 Global Inc. Reduce -7.2% 1.02% −0.13
PD Pagerduty Inc. Reduce -15.2% 0.82% −0.13
WSC Willscot Holdings Corp. Reduce -3.6% 0.45% −0.12
CINT Ci&t Inc./United States-A Sold out 0.00% −0.12
CNM Core & Main Inc. Class A Reduce -10.0% 0.39% −0.11
WHD Cactus Inc. Class A Reduce -22.4% 0.45% −0.10
HLI Houlihan Lokey Inc. Reduce -17.5% 0.64% −0.09
TRNO Terreno Realty Corp. Reduce -28.3% 0.17% −0.09
SQSP Squarespace Inc. Class A Sold out 0.00% −0.09
DG Dollar General Corp. Reduce -89.8% 0.01% −0.09
GIL Gildan Activewear Inc. Sold out 0.00% −0.09
MXCT Maxcyte Inc. Reduce -93.4% 0.01% −0.08
TW Tradeweb Markets Inc. Class A Reduce -14.9% 0.52% −0.08
FND Floor & Decor Holdings Inc. Class A Reduce -42.4% 0.05% −0.07
TXRH Texas Roadhouse Inc. Reduce -21.1% 0.49% −0.07
DOCS Doximity Inc. Class A Sold out 0.00% −0.06
HCSG Healthcare Services Group Reduce -35.7% 0.08% −0.06
REXR Rexford Industrial Realty Inc. Reduce -3.1% 0.39% −0.06
DXCM Dexcom Inc. Reduce -2.3% 0.24% −0.06
BBSI Barrett Business SVCS Inc. Reduce -18.9% 0.29% −0.05
ZS Zscaler Inc. Reduce -14.1% 0.31% −0.05
TMCI Treace Medical Concepts Inc. Reduce -61.6% 0.01% −0.05
APO Apollo Global Management Inc. Reduce -23.7% 0.18% −0.04
BILL Bill Holdings Inc. Reduce -46.0% 0.03% −0.04
PAGS Pagseguro Digital Ltd. Class A Reduce -27.2% 0.05% −0.04
FAST Fastenal Co. Reduce -3.8% 0.13% −0.03

Portfolio Buys Q1 2024 → Q2 2024
TBBB BBB Foods Inc. Class A New 1.89% +1.89
STN Stantec Inc. New 1.11% +1.11
NVT Nvent Electric PLC New 1.10% +1.10
STVN Stevanato Group SPA New 0.84% +0.84
PACS Pacs Group Inc. New 0.67% +0.67
CYBR Cyberark Software Ltd./Israel Add +29.4% 2.60% +0.66
DAVA Endava PLC- Spon ADR Add +92.4% 2.01% +0.66
DORM Dorman Products Inc. Add +832.3% 0.73% +0.65
BURL Burlington Stores Inc. Add +177.9% 0.94% +0.62
ESTC Elastic NV Add +4.2% 3.34% +0.54
PRIM Primoris Services Corp. New 0.37% +0.37
HQY Healthequity Inc. Add +80.0% 0.73% +0.35
CWAN Clearwater Analytics HDS-A Add +81.3% 0.71% +0.34
GO Grocery Outlet Holding Corp. New 0.27% +0.27
DSGX The Descartes Systems Grp Add +9.7% 1.79% +0.26
PODD Insulet Corp. Add +14.3% 0.82% +0.21
NET Cloudflare Inc. Class A Add +23.1% 2.73% +0.15
OWL Blue Owl Capital Inc. Add +117.7% 0.26% +0.13
PNTG The Pennant Group Inc. Add +45.6% 0.31% +0.13
KKR KKR & Co. Inc. New 0.12% +0.12
NSSC Napco Security Technologies New 0.08% +0.08
ESQ Esquire Financial Holdings I Add +22.4% 0.40% +0.08
MRX Marex UK Holdings Ltd. New 0.07% +0.07
EPAC Enerpac Tool Group Corp. New 0.05% +0.05
YETI Yeti Holdings Inc. Add +7.0% 0.79% +0.05
ULS Ul Solutions Inc. Class A New 0.04% +0.04
KVYO Klaviyo Inc. Class A New 0.03% +0.03
OKTA Okta Inc. New 0.03% +0.03
TENB Tenable Holdings Inc. New 0.03% +0.03
WIX Wix.com Ltd. Add +50.8% 0.07% +0.03
BWMN Bowman Consulting Group Ltd. Add +23.2% 0.20% +0.02
MSCI MSCI Inc. Add +65.8% 0.06% +0.02
RHI Robert Half Inc. New 0.01% +0.01
THR Thermon Group Holdings Inc. New 0.01% +0.01
GNTX Gentex Corp. Add +20.9% 0.05% +0.01
FIVE Five Below Add +63.9% 1.33% −0.01
GSHD Goosehead Insurance Inc. Class A Add +11.4% 0.42% −0.01
IDXX Idexx Laboratories Inc. Add +4.5% 0.28% −0.02
XP XP Inc. Class A Add +11.2% 0.25% −0.08
CRL Charles River Laboratories Add +17.8% 1.23% −0.13
VTMX Corp. Inmobiliaria Vesta-ADR Add +6.8% 0.61% −0.13
ATRC Atricure Inc. Add +8.2% 0.68% −0.15
ICLR Icon PLC Add +0.2% 4.41% −0.28
SHLS Shoals Technologies Group -A Add +15.0% 0.63% −0.35
LULU Lululemon Athletica Inc. Add +4.2% 2.43% −0.60
FROG Jfrog Ltd. Add +7.6% 6.94% −0.61

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 75$432.1MKAI, MPWR, ITT, NVT, TBBB
Q1 2026 86$426.8MMRX, MPWR, TBBB, KAI, ITT
Q4 2025 102$742.8MFROG, MRX, MPWR, TBBB, DSGX
Q3 2025 104$745.4MMPWR, FROG, MRX, TBBB, DSGX
Q2 2025 104$829.9MFROG, MRX, MPWR, CYBR, TBBB
Q1 2025 112$901.8MFROG, MRX, TBBB, LULU, CYBR
Q4 2024 126$1.1BLULU, GLOB, FROG, CYBR, TBBB
Q3 2024 133$1.2BGLOB, FROG, LULU, LFUS, CYBR
Q2 2024 131$1.3BFROG, MPWR, GLOB, LFUS, ICLR
Q1 2024 121$1.3BFROG, GLOB, MPWR, ICLR, LFUS