Grandeur Peak Global Advisors, LLC

Name: Grandeur Peak Global Advisors, LLC 13F holdings, Q4 2024
Creator: Grandeur Peak Global Advisors, LLC
Published: 2025-02-13

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

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%
FND Floor & Decor Holdings Inc. Class A	0.10%	11,618	$1.2M	No change
MRVL Marvell Technology Inc.	0.10%	9,691	$1.1M	Reduce -25.6%
PWR Quanta Services Inc.	0.09%	3,355	$1.1M	Add +2.5%
LOAR Loar Holdings Inc.	0.07%	9,962	$736K	New
URI United Rentals Inc.	0.06%	1,018	$717K	Reduce -64.7%
ALGN Align Technology Inc.	0.06%	3,285	$685K	Reduce -85.5%
PODD Insulet Corp.	0.06%	2,570	$671K	Reduce -88.9%
WIX Wix.com Ltd.	0.06%	3,077	$660K	Reduce -36.9%
BELFB Bel Fuse Inc. Class B	0.05%	7,406	$611K	Add +26.6%
DDOG Datadog Inc. Class A	0.05%	3,897	$557K	No change
MNDY Monday.com Ltd.	0.05%	2,352	$554K	No change
DCBO Docebo Inc.	0.05%	11,525	$517K	Add +3.6%
FRPT Freshpet Inc.	0.04%	3,306	$490K	Reduce -14.9%
ETSY Etsy Inc.	0.04%	9,214	$487K	Reduce -94.6%
STAA Staar Surgical Co.	0.04%	19,340	$470K	New
S Sentinelone Inc. Class A	0.04%	20,806	$462K	Reduce -85.8%
FIGS Figs Inc. Class A	0.04%	73,388	$454K	No change
DT Dynatrace Inc.	0.04%	7,802	$424K	No change
KVYO Klaviyo Inc. Class A	0.03%	9,514	$392K	Reduce -55.0%
TECH Bio-Techne Corp.	0.03%	5,125	$369K	Reduce -57.2%
TMCI Treace Medical Concepts Inc.	0.03%	45,630	$339K	No change
IRMD Iradimed Corp.	0.03%	5,232	$288K	New
LOVE The Lovesac Co.	0.02%	11,039	$261K	Add +0.9%
BILL Bill Holdings Inc.	0.02%	2,310	$196K	No change
JYNT The Joint Corp.	0.02%	17,690	$188K	Reduce -37.8%
POOL Pool Corp.	0.01%	306	$104K	No change

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