Grandeur Peak Global Advisors, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Grandeur Peak Global Advisors, LLC reported 126 stock positions worth $1.1 billion. Its top holding was Lululemon Athletica (LULU) at 7.4% of the portfolio, followed by Globant (GLOB, 6.5%) and Jfrog (FROG, 6.4%). Compared with Q3 2024, it opened 13 new positions, sold out of 20, added to 38 and reduced 65. The biggest buy was Marex UK (MRX, shares +54%) and the biggest sale Qiagen (QGEN, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001569137
- Portfolio Value
- $1.1B (Q4 2024)
- SEC Filing
- 0001569137-25-000002 ↗ filed Feb 13, 2025
Holdings Value
Holdings 126 stocks · $1.1B
| LULU Lululemon Athletica Inc. | 7.39% | 217,869 | $83.3M | Reduce -7.0% |
| GLOB Globant SA | 6.46% | 339,614 | $72.8M | Reduce -16.2% |
| FROG Jfrog Ltd. | 6.37% | 2,439,771 | $71.8M | Reduce -8.7% |
| CYBR Cyberark Software Ltd./Israel | 3.88% | 131,393 | $43.8M | Reduce -4.6% |
| TBBB BBB Foods Inc. Class A | 3.54% | 1,412,891 | $40.0M | Add +10.2% |
| ESTC Elastic NV | 3.49% | 396,798 | $39.3M | Reduce -11.8% |
| MPWR Monolithic Power Systems Inc. | 3.26% | 62,116 | $36.8M | Add +57.3% |
| LFUS Littelfuse Inc. | 3.13% | 149,940 | $35.3M | Reduce -11.8% |
| MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC | 3.00% | 1,086,471 | $33.9M | Add +53.9% |
| ICLR Icon PLC | 2.70% | 145,324 | $30.5M | Add +121.3% |
| NET Cloudflare Inc. Class A | 2.46% | 257,735 | $27.8M | Reduce -36.1% |
| DSGX The Descartes Systems Grp | 2.42% | 239,725 | $27.2M | Add +3.9% |
| PAX Patria Investments Ltd. Class A | 2.35% | 2,279,936 | $26.5M | Reduce -33.6% |
| CNM Core & Main Inc. Class A | 1.52% | 336,532 | $17.1M | Add +136.8% |
| STVN Stevanato Group SPA | 1.51% | 779,537 | $17.0M | Reduce -2.5% |
| NVT Nvent Electric PLC | 1.45% | 239,145 | $16.3M | Add +9.4% |
| STN Stantec Inc. | 1.44% | 206,800 | $16.2M | Reduce -0.8% |
| RPC Ridgepost Capital Inc. Class A filed as P10 INC | 1.42% | 1,267,730 | $16.0M | Reduce -0.1% |
| QGEN Qiagen NV | 1.42% | 358,731 | $16.0M | Reduce -55.0% |
| PWP Perella Weinberg Partners | 1.30% | 613,142 | $14.6M | Reduce -29.1% |
| GO Grocery Outlet Holding Corp. | 1.25% | 899,180 | $14.0M | Add +13.4% |
| FIVE Five Below | 1.24% | 132,637 | $13.9M | Reduce -38.7% |
| DAVA Endava PLC- Spon ADR | 1.19% | 433,846 | $13.4M | Reduce -46.0% |
| PRIM Primoris Services Corp. | 1.19% | 174,901 | $13.4M | Add +56.9% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 1.16% | 340,726 | $13.1M | Add +22.4% |
| SLAB Silicon Laboratories Inc. | 1.15% | 104,287 | $13.0M | Reduce -12.4% |
| BURL Burlington Stores Inc. | 1.14% | 45,056 | $12.8M | Add +3.0% |
| HQY Healthequity Inc. | 1.11% | 130,377 | $12.5M | Add +3.6% |
| CWAN Clearwater Analytics HDS-A | 1.04% | 427,649 | $11.8M | Reduce -11.7% |
| ALG Alamo Group Inc. | 0.99% | 60,034 | $11.2M | Add +4.7% |
| MEDP Medpace Holdings Inc. | 0.83% | 28,265 | $9.4M | Add +0.6% |
| SPSC SPS Commerce Inc. | 0.81% | 49,858 | $9.2M | Add +464.7% |
| ENSG The Ensign Group Inc. | 0.80% | 67,752 | $9.0M | Add +61.2% |
| DOCN Digitalocean Holdings Inc. | 0.79% | 260,432 | $8.9M | Reduce -28.5% |
| EPAC Enerpac Tool Group Corp. | 0.76% | 208,385 | $8.6M | Add +1197.5% |
| OLLI Ollie's Bargain Outlet Holdi | 0.76% | 77,689 | $8.5M | Add +3.1% |
| HCKT The Hackett Group Inc. | 0.72% | 263,651 | $8.1M | Reduce -3.1% |
| QLYS Qualys Inc. | 0.70% | 55,963 | $7.8M | Reduce -36.3% |
| ATRC Atricure Inc. | 0.66% | 242,791 | $7.4M | Reduce -26.3% |
| NVEE NV5 Global Inc. | 0.66% | 392,811 | $7.4M | Reduce -21.4% |
| BOOT Boot Barn Holdings Inc. | 0.65% | 48,187 | $7.3M | New |
| GSHD Goosehead Insurance Inc. Class A | 0.61% | 64,642 | $6.9M | Reduce -27.7% |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 0.60% | 263,625 | $6.7M | Add +2.6% |
| ESQ Esquire Financial Holdings I | 0.59% | 82,983 | $6.6M | Reduce -20.5% |
| ARES Ares Management Corp. Class A | 0.58% | 37,121 | $6.6M | Reduce -35.1% |
| PNTG The Pennant Group Inc. | 0.57% | 243,783 | $6.5M | Add +43.3% |
| SITM Sitime Corp. | 0.55% | 28,718 | $6.2M | Reduce -59.4% |
| VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD | 0.52% | 578,820 | $5.8M | Reduce -32.9% |
| TXRH Texas Roadhouse Inc. | 0.52% | 32,231 | $5.8M | Reduce -11.1% |
| HDB HDFC Bank Ltd.-ADR | 0.51% | 89,494 | $5.7M | Reduce -31.0% |
| PJT PJT Partners Inc. Class A | 0.50% | 36,007 | $5.7M | Reduce -73.2% |
| KLIC Kulicke & Soffa Industries | 0.50% | 121,148 | $5.7M | Reduce -0.4% |
| CRL Charles River Laboratories | 0.49% | 30,055 | $5.5M | Reduce -40.5% |
| GIC Global Industrial Co. | 0.49% | 221,245 | $5.5M | Reduce -16.5% |
| SKX Skechers USA Inc. Class A | 0.46% | 77,490 | $5.2M | Reduce -27.1% |
| TW Tradeweb Markets Inc. Class A | 0.46% | 39,494 | $5.2M | Reduce -2.4% |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.44% | 26,337 | $5.0M | Reduce -43.0% |
| MOD Modine Manufacturing Co. | 0.44% | 42,819 | $5.0M | Add +39.4% |
| DXCM Dexcom Inc. | 0.44% | 63,420 | $4.9M | Add +20.5% |
| ZS Zscaler Inc. | 0.42% | 26,160 | $4.7M | Add +2.7% |
| REXR Rexford Industrial Realty Inc. | 0.39% | 112,596 | $4.4M | Add +18.8% |
| RYAN Ryan Specialty Holdings Inc. | 0.38% | 65,943 | $4.2M | New |
| FORM Formfactor Inc. | 0.35% | 90,506 | $4.0M | Reduce -11.0% |
| BWMN Bowman Consulting Group Ltd. | 0.35% | 159,289 | $4.0M | Add +100.1% |
| MAMA Mama's Creations Inc. | 0.33% | 470,838 | $3.7M | New |
| UPWK Upwork Inc. | 0.33% | 224,182 | $3.7M | New |
| BBSI Barrett Business SVCS Inc. | 0.32% | 83,152 | $3.6M | Reduce -9.7% |
| PD Pagerduty Inc. | 0.32% | 196,965 | $3.6M | Reduce -18.0% |
| EME Emcor Group Inc. | 0.30% | 7,575 | $3.4M | Add +19.4% |
| NSP Insperity Inc. | 0.30% | 43,321 | $3.4M | Reduce -0.7% |
| MANH Manhattan Associates Inc. | 0.30% | 12,345 | $3.3M | New |
| TPG TPG Inc. | 0.27% | 49,163 | $3.1M | Reduce -30.3% |
| RXST Rxsight Inc. | 0.26% | 84,560 | $2.9M | New |
| WAL Western Alliance Bancorp | 0.26% | 34,639 | $2.9M | No change |
| NEOG Neogen Corp. | 0.24% | 226,259 | $2.7M | Reduce -51.0% |
| VRT Vertiv Holdings Co. Class A | 0.24% | 23,916 | $2.7M | Add +62.4% |
| IDXX Idexx Laboratories Inc. | 0.23% | 6,208 | $2.6M | Add +70.3% |
| TREX Trex Company Inc. | 0.22% | 36,352 | $2.5M | Reduce -18.8% |
| KKR KKR & Co. Inc. | 0.21% | 16,372 | $2.4M | Add +5.6% |
| SHLS Shoals Technologies Group -A | 0.21% | 431,378 | $2.4M | Reduce -16.0% |
| BRKR Bruker Corp. | 0.21% | 40,404 | $2.4M | New |
| MKTX Marketaxess Holdings Inc. | 0.21% | 10,372 | $2.3M | Reduce -38.3% |
| HLNE Hamilton Lane Inc. Class A | 0.20% | 15,507 | $2.3M | New |
| BUR Burford Capital Ltd. | 0.20% | 174,855 | $2.2M | New |
| DG Dollar General Corp. | 0.20% | 29,233 | $2.2M | Add +12.4% |
| MORN Morningstar Inc. | 0.19% | 6,499 | $2.2M | New |
| CPNG Coupang Inc. | 0.18% | 90,758 | $2.0M | Reduce -38.4% |
| HLI Houlihan Lokey Inc. | 0.17% | 11,350 | $2.0M | Reduce -67.8% |
| APO Apollo Global Management Inc. | 0.17% | 11,710 | $1.9M | Reduce -37.1% |
| WHD Cactus Inc. Class A | 0.17% | 33,063 | $1.9M | Reduce -35.8% |
| XP XP Inc. Class A | 0.16% | 152,979 | $1.8M | Reduce -13.2% |
| GNTX Gentex Corp. | 0.15% | 59,772 | $1.7M | Add +69.5% |
| OWL Blue Owl Capital Inc. | 0.14% | 67,031 | $1.6M | Reduce -66.5% |
| ULTA Ulta Beauty Inc. | 0.13% | 3,478 | $1.5M | Reduce -71.3% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.13% | 1,370 | $1.4M | Reduce -25.0% |
| MBUU Malibu Boats Inc. Class A | 0.13% | 37,916 | $1.4M | Add +13.8% |
| HCSG Healthcare Services Group | 0.11% | 109,976 | $1.3M | No change |
| PLBC Plumas Bancorp | 0.11% | 26,666 | $1.3M | Reduce -26.0% |
| MSCI MSCI Inc. | 0.11% | 2,003 | $1.2M | Add +59.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.11% | 3,465 | $1.2M | Add +65.2% |
Portfolio Sells Q3 2024 → Q4 2024
| QGEN Qiagen NV | Reduce -55.0% | 1.42% | −1.59 |
| PJT PJT Partners Inc. Class A | Reduce -73.2% | 0.50% | −0.98 |
| NVMI Nova Ltd. | Sold out | 0.00% | −0.90 |
| PAX Patria Investments Ltd. Class A | Reduce -33.6% | 2.35% | −0.83 |
| DORM Dorman Products Inc. | Sold out | 0.00% | −0.78 |
| ETSY Etsy Inc. | Reduce -94.6% | 0.04% | −0.74 |
| PACS Pacs Group Inc. | Sold out | 0.00% | −0.66 |
| LFUS Littelfuse Inc. | Reduce -11.8% | 3.13% | −0.61 |
| DAVA Endava PLC- Spon ADR | Reduce -46.0% | 1.19% | −0.51 |
| EVR Evercore Inc. Class A | Sold out | 0.00% | −0.47 |
| SITM Sitime Corp. | Reduce -59.4% | 0.55% | −0.46 |
| DOCN Digitalocean Holdings Inc. | Reduce -28.5% | 0.79% | −0.43 |
| ALGN Align Technology Inc. | Reduce -85.5% | 0.06% | −0.42 |
| WSC Willscot Holdings Corp. | Sold out | 0.00% | −0.40 |
| NEOG Neogen Corp. | Reduce -51.0% | 0.24% | −0.40 |
| PODD Insulet Corp. | Reduce -88.9% | 0.06% | −0.39 |
| FIVE Five Below | Reduce -38.7% | 1.24% | −0.35 |
| ATMU Atmus Filtration Technologie | Sold out | 0.00% | −0.34 |
| CRL Charles River Laboratories | Reduce -40.5% | 0.49% | −0.33 |
| NVEE NV5 Global Inc. | Reduce -21.4% | 0.66% | −0.31 |
| HLI Houlihan Lokey Inc. | Reduce -67.8% | 0.17% | −0.29 |
| GIC Global Industrial Co. | Reduce -16.5% | 0.49% | −0.26 |
| ULTA Ulta Beauty Inc. | Reduce -71.3% | 0.13% | −0.26 |
| S Sentinelone Inc. Class A | Reduce -85.8% | 0.04% | −0.25 |
| NET Cloudflare Inc. Class A | Reduce -36.1% | 2.46% | −0.24 |
| QLYS Qualys Inc. | Reduce -36.3% | 0.70% | −0.24 |
| FCFS Firstcash Holdings Inc. | Sold out | 0.00% | −0.21 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.21 |
| GLOB Globant SA | Reduce -16.2% | 6.46% | −0.20 |
| VINP Vinci Compass Investments LT | Reduce -32.9% | 0.52% | −0.19 |
| OWL Blue Owl Capital Inc. | Reduce -66.5% | 0.14% | −0.18 |
| HRI Herc Holdings Inc. | Reduce -43.0% | 0.44% | −0.17 |
| HDB HDFC Bank Ltd.-ADR | Reduce -31.0% | 0.51% | −0.17 |
| ARES Ares Management Corp. Class A | Reduce -35.1% | 0.58% | −0.16 |
| MKTX Marketaxess Holdings Inc. | Reduce -38.3% | 0.21% | −0.15 |
| URI United Rentals Inc. | Reduce -64.7% | 0.06% | −0.13 |
| SKX Skechers USA Inc. Class A | Reduce -27.1% | 0.46% | −0.13 |
| CPNG Coupang Inc. | Reduce -38.4% | 0.18% | −0.12 |
| ATRC Atricure Inc. | Reduce -26.3% | 0.66% | −0.11 |
| XP XP Inc. Class A | Reduce -13.2% | 0.16% | −0.10 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.10 |
| FAST Fastenal Co. | Sold out | 0.00% | −0.10 |
| PWP Perella Weinberg Partners | Reduce -29.1% | 1.30% | −0.09 |
| WHD Cactus Inc. Class A | Reduce -35.8% | 0.17% | −0.08 |
| FROG Jfrog Ltd. | Reduce -8.7% | 6.37% | −0.07 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.07 |
| TPG TPG Inc. | Reduce -30.3% | 0.27% | −0.06 |
| PD Pagerduty Inc. | Reduce -18.0% | 0.32% | −0.05 |
| TRNO Terreno Realty Corp. | Sold out | 0.00% | −0.05 |
| GSHD Goosehead Insurance Inc. Class A | Reduce -27.7% | 0.61% | −0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| MRX Marex UK Holdings Ltd. | Add +53.9% | 3.00% | +1.62 |
| ICLR Icon PLC | Add +121.3% | 2.70% | +1.14 |
| CNM Core & Main Inc. Class A | Add +136.8% | 1.52% | +1.00 |
| EPAC Enerpac Tool Group Corp. | Add +1197.5% | 0.76% | +0.70 |
| SPSC SPS Commerce Inc. | Add +464.7% | 0.81% | +0.67 |
| BOOT Boot Barn Holdings Inc. | New | 0.65% | +0.65 |
| PRIM Primoris Services Corp. | Add +56.9% | 1.19% | +0.65 |
| DSGX The Descartes Systems Grp | Add +3.9% | 2.42% | +0.45 |
| RYAN Ryan Specialty Holdings Inc. | New | 0.38% | +0.38 |
| TBBB BBB Foods Inc. Class A | Add +10.2% | 3.54% | +0.35 |
| MAMA Mama's Creations Inc. | New | 0.33% | +0.33 |
| UPWK Upwork Inc. | New | 0.33% | +0.33 |
| ENSG The Ensign Group Inc. | Add +61.2% | 0.80% | +0.30 |
| MANH Manhattan Associates Inc. | New | 0.30% | +0.30 |
| RXST Rxsight Inc. | New | 0.26% | +0.26 |
| HQY Healthequity Inc. | Add +3.6% | 1.11% | +0.26 |
| MPWR Monolithic Power Systems Inc. | Add +57.3% | 3.26% | +0.23 |
| YETI Yeti Holdings Inc. | Add +22.4% | 1.16% | +0.22 |
| BRKR Bruker Corp. | New | 0.21% | +0.21 |
| HLNE Hamilton Lane Inc. Class A | New | 0.20% | +0.20 |
| BUR Burford Capital Ltd. | New | 0.20% | +0.20 |
| MORN Morningstar Inc. | New | 0.19% | +0.19 |
| BWMN Bowman Consulting Group Ltd. | Add +100.1% | 0.35% | +0.19 |
| BURL Burlington Stores Inc. | Add +3.0% | 1.14% | +0.18 |
| NVT Nvent Electric PLC | Add +9.4% | 1.45% | +0.17 |
| OLLI Ollie's Bargain Outlet Holdi | Add +3.1% | 0.76% | +0.15 |
| DXCM Dexcom Inc. | Add +20.5% | 0.44% | +0.14 |
| ALG Alamo Group Inc. | Add +4.7% | 0.99% | +0.13 |
| VRT Vertiv Holdings Co. Class A | Add +62.4% | 0.24% | +0.12 |
| MOD Modine Manufacturing Co. | Add +39.4% | 0.44% | +0.10 |
| GO Grocery Outlet Holding Corp. | Add +13.4% | 1.25% | +0.09 |
| EME Emcor Group Inc. | Add +19.4% | 0.30% | +0.08 |
| IDXX Idexx Laboratories Inc. | Add +70.3% | 0.23% | +0.07 |
| PNTG The Pennant Group Inc. | Add +43.3% | 0.57% | +0.07 |
| GNTX Gentex Corp. | Add +69.5% | 0.15% | +0.07 |
| LOAR Loar Holdings Inc. | New | 0.07% | +0.07 |
| ZS Zscaler Inc. | Add +2.7% | 0.42% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +65.2% | 0.11% | +0.06 |
| MEDP Medpace Holdings Inc. | Add +0.6% | 0.83% | +0.06 |
| KKR KKR & Co. Inc. | Add +5.6% | 0.21% | +0.05 |
| MSCI MSCI Inc. | Add +59.4% | 0.11% | +0.05 |
| STAA Staar Surgical Co. | New | 0.04% | +0.04 |
| IRMD Iradimed Corp. | New | 0.03% | +0.03 |
| VTMX Corp. Inmobiliaria Vesta-ADR | Add +2.6% | 0.60% | +0.02 |
| MBUU Malibu Boats Inc. Class A | Add +13.8% | 0.13% | +0.02 |
| BELFB Bel Fuse Inc. Class B | Add +26.6% | 0.05% | +0.02 |
| DG Dollar General Corp. | Add +12.4% | 0.20% | +0.01 |
| PWR Quanta Services Inc. | Add +2.5% | 0.09% | +0.01 |
| DCBO Docebo Inc. | Add +3.6% | 0.05% | +0.01 |
| LOVE The Lovesac Co. | Add +0.9% | 0.02% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 75 | $432.1M | KAI, MPWR, ITT, NVT, TBBB |
| Q1 2026 | 86 | $426.8M | MRX, MPWR, TBBB, KAI, ITT |
| Q4 2025 | 102 | $742.8M | FROG, MRX, MPWR, TBBB, DSGX |
| Q3 2025 | 104 | $745.4M | MPWR, FROG, MRX, TBBB, DSGX |
| Q2 2025 | 104 | $829.9M | FROG, MRX, MPWR, CYBR, TBBB |
| Q1 2025 | 112 | $901.8M | FROG, MRX, TBBB, LULU, CYBR |
| Q4 2024 | 126 | $1.1B | LULU, GLOB, FROG, CYBR, TBBB |
| Q3 2024 | 133 | $1.2B | GLOB, FROG, LULU, LFUS, CYBR |
| Q2 2024 | 131 | $1.3B | FROG, MPWR, GLOB, LFUS, ICLR |
| Q1 2024 | 121 | $1.3B | FROG, GLOB, MPWR, ICLR, LFUS |