Grandeur Peak Global Advisors, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Grandeur Peak Global Advisors, LLC reported 133 stock positions worth $1.2 billion. Its top holding was Globant (GLOB) at 6.7% of the portfolio, followed by Jfrog (FROG, 6.4%) and Lululemon Athletica (LULU, 5.3%). Compared with Q2 2024, it opened 14 new positions, sold out of 12, added to 41 and reduced 65. The biggest buy was Lululemon Athletica (LULU, shares +130%) and the biggest sale Monolithic Power Systems (MPWR, shares −56%).

Most Recent 13F
Q2 2026
Location
SALT LAKE CITY, UT
CIK
0001569137
Portfolio Value
$1.2B (Q3 2024)
SEC Filing
0001569137-24-000007 ↗ filed Nov 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.3B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.2B $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 133 stocks · $1.2B
GLOB Globant SA 6.66% 405,251 $80.3M Add +16.3%
FROG Jfrog Ltd. 6.43% 2,672,204 $77.6M Add +15.6%
LULU Lululemon Athletica Inc. 5.27% 234,392 $63.6M Add +129.9%
LFUS Littelfuse Inc. 3.74% 170,093 $45.1M Reduce -21.4%
CYBR Cyberark Software Ltd./Israel 3.33% 137,783 $40.2M Add +15.6%
TBBB BBB Foods Inc. Class A 3.19% 1,282,518 $38.5M Add +29.2%
PAX Patria Investments Ltd. Class A 3.18% 3,435,173 $38.4M Reduce -5.8%
MPWR Monolithic Power Systems Inc. 3.03% 39,482 $36.5M Reduce -56.3%
QGEN Qiagen NV 3.01% 796,254 $36.3M Add +3.7%
ESTC Elastic NV 2.86% 449,957 $34.5M Add +22.5%
NET Cloudflare Inc. Class A 2.71% 403,410 $32.6M Reduce -2.3%
DSGX The Descartes Systems Grp 1.97% 230,825 $23.8M No change
DAVA Endava PLC- Spon ADR 1.70% 803,330 $20.5M Reduce -6.6%
FIVE Five Below 1.58% 216,321 $19.1M Add +41.7%
ICLR Icon PLC 1.56% 65,681 $18.9M Reduce -62.7%
PJT PJT Partners Inc. Class A 1.48% 134,170 $17.9M Reduce -53.9%
STN Stantec Inc. 1.39% 208,500 $16.8M Add +25.5%
PWP Perella Weinberg Partners 1.39% 865,274 $16.7M Add +80.8%
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 1.38% 706,128 $16.7M Add +1416.1%
STVN Stevanato Group SPA 1.33% 799,194 $16.0M Add +38.7%
NVT Nvent Electric PLC 1.27% 218,537 $15.4M Add +21.2%
DOCN Digitalocean Holdings Inc. 1.22% 364,381 $14.7M Reduce -9.3%
GO Grocery Outlet Holding Corp. 1.15% 793,161 $13.9M Add +417.0%
SLAB Silicon Laboratories Inc. 1.14% 119,003 $13.8M Add +13.0%
RPC Ridgepost Capital Inc. Class A filed as P10 INC 1.13% 1,269,021 $13.6M Reduce -8.5%
CWAN Clearwater Analytics HDS-A 1.01% 484,281 $12.2M Add +0.3%
SITM Sitime Corp. 1.01% 70,801 $12.1M Reduce -14.3%
NVEE NV5 Global Inc. 0.97% 125,016 $11.7M Reduce -9.2%
BURL Burlington Stores Inc. 0.96% 43,751 $11.5M Reduce -10.9%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.95% 278,423 $11.4M Add +7.4%
QLYS Qualys Inc. 0.94% 87,829 $11.3M Reduce -12.4%
NVMI Nova Ltd. 0.90% 52,130 $10.9M Reduce -38.3%
ALG Alamo Group Inc. 0.86% 57,346 $10.3M New
HQY Healthequity Inc. 0.85% 125,811 $10.3M Add +18.5%
CRL Charles River Laboratories 0.83% 50,543 $10.0M Reduce -32.0%
DORM Dorman Products Inc. 0.78% 83,492 $9.4M Reduce -16.4%
ETSY Etsy Inc. 0.78% 169,966 $9.4M Reduce -2.4%
MEDP Medpace Holdings Inc. 0.78% 28,100 $9.4M Add +32.2%
ATRC Atricure Inc. 0.77% 329,269 $9.2M Reduce -11.8%
GIC Global Industrial Co. 0.75% 264,923 $9.0M Reduce -15.3%
ARES Ares Management Corp. Class A 0.74% 57,166 $8.9M Reduce -21.3%
VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD 0.71% 862,585 $8.6M Reduce -0.3%
HDB HDFC Bank Ltd.-ADR 0.67% 129,725 $8.1M Reduce -31.4%
PACS Pacs Group Inc. 0.66% 200,538 $8.0M Reduce -29.6%
GSHD Goosehead Insurance Inc. Class A 0.66% 89,360 $8.0M Reduce -2.9%
NEOG Neogen Corp. 0.64% 461,389 $7.8M Reduce -24.3%
HRI Herc Holdings Inc. filed as HERC HLDGS INC 0.61% 46,201 $7.4M Add +7.8%
OLLI Ollie's Bargain Outlet Holdi 0.61% 75,324 $7.3M Reduce -64.7%
HCKT The Hackett Group Inc. 0.59% 272,133 $7.1M Reduce -5.6%
SKX Skechers USA Inc. Class A 0.59% 106,324 $7.1M Add +12.6%
VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP 0.57% 257,033 $6.9M Add +0.3%
ESQ Esquire Financial Holdings I 0.56% 104,366 $6.8M Reduce -0.5%
PRIM Primoris Services Corp. 0.54% 111,492 $6.5M Add +19.8%
TXRH Texas Roadhouse Inc. 0.53% 36,237 $6.4M Add +1.8%
CNM Core & Main Inc. Class A 0.52% 142,094 $6.3M Add +43.2%
PNTG The Pennant Group Inc. 0.50% 170,097 $6.1M Add +3.1%
ENSG The Ensign Group Inc. 0.50% 42,033 $6.0M Add +6.1%
ALGN Align Technology Inc. 0.48% 22,641 $5.8M Add +8.3%
EVR Evercore Inc. Class A 0.47% 22,291 $5.6M Reduce -67.0%
HLI Houlihan Lokey Inc. 0.46% 35,239 $5.6M Reduce -41.1%
KLIC Kulicke & Soffa Industries 0.46% 121,676 $5.5M New
PODD Insulet Corp. 0.45% 23,175 $5.4M Reduce -54.5%
TW Tradeweb Markets Inc. Class A 0.41% 40,448 $5.0M Reduce -34.1%
WSC Willscot Holdings Corp. 0.40% 128,555 $4.8M Reduce -14.4%
REXR Rexford Industrial Realty Inc. 0.40% 94,771 $4.8M Reduce -12.6%
ULTA Ulta Beauty Inc. 0.39% 12,127 $4.7M New
FORM Formfactor Inc. 0.39% 101,642 $4.7M Add +1.2%
PD Pagerduty Inc. 0.37% 240,129 $4.5M Reduce -46.5%
ZS Zscaler Inc. 0.36% 25,467 $4.4M Add +24.3%
MKTX Marketaxess Holdings Inc. 0.36% 16,819 $4.3M Reduce -8.1%
MOD Modine Manufacturing Co. 0.34% 30,723 $4.1M New
ATMU Atmus Filtration Technologie 0.34% 108,637 $4.1M Reduce -36.5%
TPG TPG Inc. 0.34% 70,496 $4.1M Reduce -6.0%
OWL Blue Owl Capital Inc. 0.32% 200,388 $3.9M Add +8.9%
NSP Insperity Inc. 0.32% 43,616 $3.8M Reduce -0.8%
CPNG Coupang Inc. 0.30% 147,273 $3.6M Reduce -11.1%
DXCM Dexcom Inc. 0.29% 52,625 $3.5M Add +101.9%
S Sentinelone Inc. Class A 0.29% 146,144 $3.5M New
BBSI Barrett Business SVCS Inc. 0.29% 92,085 $3.5M Reduce -17.1%
XP XP Inc. Class A 0.26% 176,192 $3.2M No change
WHD Cactus Inc. Class A 0.25% 51,507 $3.1M Reduce -52.0%
WAL Western Alliance Bancorp 0.25% 34,639 $3.0M Add +100.8%
TREX Trex Company Inc. 0.25% 44,781 $3.0M New
SHLS Shoals Technologies Group -A 0.24% 513,766 $2.9M Reduce -59.4%
EME Emcor Group Inc. 0.23% 6,344 $2.7M New
FCFS Firstcash Holdings Inc. 0.21% 22,548 $2.6M New
MELI MercadoLibre Inc. 0.21% 1,217 $2.5M Reduce -23.4%
URI United Rentals Inc. 0.19% 2,880 $2.3M Reduce -41.2%
APO Apollo Global Management Inc. 0.19% 18,604 $2.3M Reduce -2.8%
DG Dollar General Corp. 0.18% 25,999 $2.2M Add +3254.7%
KKR KKR & Co. Inc. 0.17% 15,499 $2.0M Add +10.6%
BWMN Bowman Consulting Group Ltd. 0.16% 79,598 $1.9M No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.16% 1,827 $1.9M Reduce -34.8%
IDXX Idexx Laboratories Inc. 0.15% 3,645 $1.8M Reduce -49.0%
SPSC SPS Commerce Inc. 0.14% 8,829 $1.7M New
PLBC Plumas Bancorp 0.12% 36,016 $1.5M Reduce -7.7%
VRT Vertiv Holdings Co. Class A 0.12% 14,731 $1.5M New
FND Floor & Decor Holdings Inc. Class A 0.12% 11,618 $1.4M Add +68.7%
MBUU Malibu Boats Inc. Class A 0.11% 33,305 $1.3M New
HCSG Healthcare Services Group 0.10% 109,976 $1.2M Add +21.4%
SMAR Smartsheet Inc. Class A 0.10% 21,664 $1.2M Reduce -5.9%
FAST Fastenal Co. 0.10% 16,110 $1.2M Reduce -37.4%
GNTX Gentex Corp. 0.09% 35,263 $1.0M Add +78.8%
PWR Quanta Services Inc. 0.08% 3,274 $976K New
TECH Bio-Techne Corp. 0.08% 11,969 $957K Reduce -18.4%
MRVL Marvell Technology Inc. 0.08% 13,023 $939K Reduce -75.5%
HUBS HubSpot Inc. 0.07% 1,538 $818K Reduce -68.7%
WIX Wix.com Ltd. 0.07% 4,876 $815K Reduce -15.6%
KVYO Klaviyo Inc. Class A 0.06% 21,160 $749K Add +22.8%
MSCI MSCI Inc. 0.06% 1,257 $733K Reduce -17.5%
EPAC Enerpac Tool Group Corp. 0.06% 16,060 $673K No change
MNDY Monday.com Ltd. 0.05% 2,352 $653K Reduce -37.9%
TRNO Terreno Realty Corp. 0.05% 8,876 $593K Reduce -74.9%
CRWD CrowdStrike Holdings Inc. Class A 0.05% 2,098 $588K Reduce -96.2%
FRPT Freshpet Inc. 0.04% 3,885 $531K Reduce -8.8%
FIGS Figs Inc. Class A 0.04% 73,388 $502K No change
PAGS Pagseguro Digital Ltd. Class A 0.04% 57,100 $492K No change
DCBO Docebo Inc. 0.04% 11,125 $491K Reduce -30.6%
BELFB Bel Fuse Inc. Class B 0.04% 5,851 $459K New
DDOG Datadog Inc. Class A 0.04% 3,897 $448K No change
PCTY Paylocity Holding Corp. 0.04% 2,613 $431K No change
DT Dynatrace Inc. 0.03% 7,802 $417K New
CROX Crocs Inc. 0.03% 2,690 $390K No change
PAYC Paycom Software Inc. 0.03% 2,233 $372K No change
JYNT The Joint Corp. 0.03% 28,431 $325K Reduce -5.7%
LOVE The Lovesac Co. 0.03% 10,945 $314K No change
TMCI Treace Medical Concepts Inc. 0.02% 45,630 $265K Add +115.2%
ROST Ross Stores Inc. 0.01% 1,171 $176K No change
RHI Robert Half Inc. 0.01% 1,940 $131K Add +6.1%
BILL Bill Holdings Inc. 0.01% 2,310 $122K Reduce -67.2%
GTLB Gitlab Inc. Class A 0.01% 2,308 $119K Reduce -70.1%
POOL Pool Corp. 0.01% 306 $115K Reduce -94.7%
THR Thermon Group Holdings Inc. 0.01% 3,742 $112K No change

Portfolio Sells Q2 2024 → Q3 2024
MPWR Monolithic Power Systems Inc. Reduce -56.3% 3.03% −2.91
ICLR Icon PLC Reduce -62.7% 1.56% −2.85
CRWD CrowdStrike Holdings Inc. Class A Reduce -96.2% 0.05% −1.63
OLLI Ollie's Bargain Outlet Holdi Reduce -64.7% 0.61% −1.06
PJT PJT Partners Inc. Class A Reduce -53.9% 1.48% −1.02
NVMI Nova Ltd. Reduce -38.3% 0.90% −0.68
LFUS Littelfuse Inc. Reduce -21.4% 3.74% −0.68
EVR Evercore Inc. Class A Reduce -67.0% 0.47% −0.65
PD Pagerduty Inc. Reduce -46.5% 0.37% −0.45
CRL Charles River Laboratories Reduce -32.0% 0.83% −0.40
SHLS Shoals Technologies Group -A Reduce -59.4% 0.24% −0.39
PODD Insulet Corp. Reduce -54.5% 0.45% −0.37
PAX Patria Investments Ltd. Class A Reduce -5.8% 3.18% −0.33
TRS Trimas Corp. Sold out 0.00% −0.33
DAVA Endava PLC- Spon ADR Reduce -6.6% 1.70% −0.31
HDB HDFC Bank Ltd.-ADR Reduce -31.4% 0.67% −0.30
NTB Bank of N.T. Butterfield&son Sold out 0.00% −0.24
SVV Savers Value Village Inc. Sold out 0.00% −0.24
MC Moelis & Co. Class A Sold out 0.00% −0.23
MRVL Marvell Technology Inc. Reduce -75.5% 0.08% −0.22
QLYS Qualys Inc. Reduce -12.4% 0.94% −0.21
WHD Cactus Inc. Class A Reduce -52.0% 0.25% −0.20
POWI Power Integrations Inc. Sold out 0.00% −0.19
HLI Houlihan Lokey Inc. Reduce -41.1% 0.46% −0.18
HUBS HubSpot Inc. Reduce -68.7% 0.07% −0.16
POOL Pool Corp. Reduce -94.7% 0.01% −0.13
IDXX Idexx Laboratories Inc. Reduce -49.0% 0.15% −0.13
NEOG Neogen Corp. Reduce -24.3% 0.64% −0.12
TRNO Terreno Realty Corp. Reduce -74.9% 0.05% −0.12
TW Tradeweb Markets Inc. Class A Reduce -34.1% 0.41% −0.10
NSSC Napco Security Technologies Sold out 0.00% −0.08
URI United Rentals Inc. Reduce -41.2% 0.19% −0.06
ATMU Atmus Filtration Technologie Reduce -36.5% 0.34% −0.06
DLR Digital Realty Trust Inc. Sold out 0.00% −0.05
NVEE NV5 Global Inc. Reduce -9.2% 0.97% −0.05
WSC Willscot Holdings Corp. Reduce -14.4% 0.40% −0.05
GWW WW Grainger Inc. Reduce -34.8% 0.16% −0.04
VINP Vinci Compass Investments LT Reduce -0.3% 0.71% −0.04
ETSY Etsy Inc. Reduce -2.4% 0.78% −0.04
GIC Global Industrial Co. Reduce -15.3% 0.75% −0.04
ULS Ul Solutions Inc. Class A Sold out 0.00% −0.04
ARES Ares Management Corp. Class A Reduce -21.3% 0.74% −0.03
FAST Fastenal Co. Reduce -37.4% 0.10% −0.03
OKTA Okta Inc. Sold out 0.00% −0.03
ARE Alexandria Real Estate Equit Sold out 0.00% −0.03
TENB Tenable Holdings Inc. Sold out 0.00% −0.03
NET Cloudflare Inc. Class A Reduce -2.3% 2.71% −0.03
GTLB Gitlab Inc. Class A Reduce -70.1% 0.01% −0.02
BILL Bill Holdings Inc. Reduce -67.2% 0.01% −0.02
MNDY Monday.com Ltd. Reduce -37.9% 0.05% −0.02

Portfolio Buys Q2 2024 → Q3 2024
LULU Lululemon Athletica Inc. Add +129.9% 5.27% +2.84
GLOB Globant SA Add +16.3% 6.66% +1.70
MRX Marex UK Holdings Ltd. Add +1416.1% 1.38% +1.31
TBBB BBB Foods Inc. Class A Add +29.2% 3.19% +1.30
GO Grocery Outlet Holding Corp. Add +417.0% 1.15% +0.88
ALG Alamo Group Inc. New 0.86% +0.86
PWP Perella Weinberg Partners Add +80.8% 1.39% +0.76
CYBR Cyberark Software Ltd./Israel Add +15.6% 3.33% +0.73
QGEN Qiagen NV Add +3.7% 3.01% +0.49
STVN Stevanato Group SPA Add +38.7% 1.33% +0.48
KLIC Kulicke & Soffa Industries New 0.46% +0.46
ULTA Ulta Beauty Inc. New 0.39% +0.39
MOD Modine Manufacturing Co. New 0.34% +0.34
CWAN Clearwater Analytics HDS-A Add +0.3% 1.01% +0.30
S Sentinelone Inc. Class A New 0.29% +0.29
STN Stantec Inc. Add +25.5% 1.39% +0.28
FIVE Five Below Add +41.7% 1.58% +0.26
TREX Trex Company Inc. New 0.25% +0.25
EME Emcor Group Inc. New 0.23% +0.23
FCFS Firstcash Holdings Inc. New 0.21% +0.21
SLAB Silicon Laboratories Inc. Add +13.0% 1.14% +0.21
PNTG The Pennant Group Inc. Add +3.1% 0.50% +0.20
DG Dollar General Corp. Add +3254.7% 0.18% +0.17
NVT Nvent Electric PLC Add +21.2% 1.27% +0.17
PRIM Primoris Services Corp. Add +19.8% 0.54% +0.17
WAL Western Alliance Bancorp Add +100.8% 0.25% +0.16
YETI Yeti Holdings Inc. Add +7.4% 0.95% +0.16
HRI Herc Holdings Inc. Add +7.8% 0.61% +0.15
SPSC SPS Commerce Inc. New 0.14% +0.14
CNM Core & Main Inc. Class A Add +43.2% 0.52% +0.14
HQY Healthequity Inc. Add +18.5% 0.85% +0.12
VRT Vertiv Holdings Co. Class A New 0.12% +0.12
ENSG The Ensign Group Inc. Add +6.1% 0.50% +0.11
MBUU Malibu Boats Inc. Class A New 0.11% +0.11
PWR Quanta Services Inc. New 0.08% +0.08
MEDP Medpace Holdings Inc. Add +32.2% 0.78% +0.08
ALGN Align Technology Inc. Add +8.3% 0.48% +0.07
SKX Skechers USA Inc. Class A Add +12.6% 0.59% +0.07
FND Floor & Decor Holdings Inc. Class A Add +68.7% 0.12% +0.06
OWL Blue Owl Capital Inc. Add +8.9% 0.32% +0.06
DXCM Dexcom Inc. Add +101.9% 0.29% +0.06
KKR KKR & Co. Inc. Add +10.6% 0.17% +0.05
ZS Zscaler Inc. Add +24.3% 0.36% +0.05
TXRH Texas Roadhouse Inc. Add +1.8% 0.53% +0.04
BELFB Bel Fuse Inc. Class B New 0.04% +0.04
DT Dynatrace Inc. New 0.03% +0.03
GNTX Gentex Corp. Add +78.8% 0.09% +0.03
KVYO Klaviyo Inc. Class A Add +22.8% 0.06% +0.03
HCSG Healthcare Services Group Add +21.4% 0.10% +0.03
TMCI Treace Medical Concepts Inc. Add +115.2% 0.02% +0.01

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