Grandeur Peak Global Advisors, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Grandeur Peak Global Advisors, LLC reported 102 stock positions worth $742.8 million. Its top holding was Jfrog (FROG) at 10.1% of the portfolio, followed by Marex UK (MRX, 9.2%) and Monolithic Power Systems (MPWR, 8.8%). Compared with Q3 2025, it opened 13 new positions, sold out of 15, added to 34 and reduced 46. The biggest buy was a new position in Itt (ITT) and the biggest sale an exit from Cyberark Software Ltd./Israel (CYBR).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001569137
- Portfolio Value
- $742.8M (Q4 2025)
- SEC Filing
- 0001569137-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 102 stocks · $742.8M
| FROG Jfrog Ltd. | 10.13% | 1,204,731 | $75.2M | Reduce -4.2% |
| MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC | 9.19% | 1,779,743 | $68.3M | Add +1.5% |
| MPWR Monolithic Power Systems Inc. | 8.84% | 72,468 | $65.7M | Add +11.2% |
| TBBB BBB Foods Inc. Class A | 5.88% | 1,308,727 | $43.7M | Reduce -12.4% |
| DSGX The Descartes Systems Grp | 3.95% | 333,955 | $29.3M | Reduce -19.6% |
| ARX Accelerant Holdings Class A | 3.57% | 1,621,022 | $26.5M | Add +71.4% |
| ITT Itt Inc. | 3.46% | 148,184 | $25.7M | New |
| LFUS Littelfuse Inc. | 3.19% | 93,735 | $23.7M | Reduce -11.1% |
| NVT Nvent Electric PLC | 2.79% | 203,061 | $20.7M | Add +156.2% |
| PRIM Primoris Services Corp. | 2.41% | 144,071 | $17.9M | Reduce -20.8% |
| NET Cloudflare Inc. Class A | 2.23% | 83,878 | $16.5M | Add +42.6% |
| ATRC Atricure Inc. | 1.75% | 328,491 | $13.0M | Add +316.3% |
| SLAB Silicon Laboratories Inc. | 1.68% | 95,513 | $12.5M | Add +14.3% |
| PWP Perella Weinberg Partners | 1.53% | 658,770 | $11.4M | Add +3.7% |
| POWI Power Integrations Inc. | 1.46% | 305,529 | $10.9M | New |
| STN Stantec Inc. | 1.45% | 114,200 | $10.8M | Reduce -3.5% |
| MAMA Mama's Creations Inc. | 1.39% | 766,596 | $10.3M | Reduce -48.8% |
| LMAT Lemaitre Vascular Inc. | 1.32% | 121,048 | $9.8M | Add +21.9% |
| TECH Bio-Techne Corp. | 1.25% | 158,193 | $9.3M | Add +1.2% |
| UPWK Upwork Inc. | 1.23% | 462,333 | $9.2M | Reduce -8.2% |
| PJT PJT Partners Inc. Class A | 1.12% | 49,737 | $8.3M | Add +22.8% |
| FRPT Freshpet Inc. | 1.11% | 135,321 | $8.2M | Add +117.1% |
| KAI Kadant Inc. | 1.06% | 27,605 | $7.9M | Add +44.0% |
| HLI Houlihan Lokey Inc. | 0.97% | 41,361 | $7.2M | Add +198.9% |
| PNTG The Pennant Group Inc. | 0.88% | 230,940 | $6.5M | Reduce -4.5% |
| BELFB Bel Fuse Inc. Class B | 0.87% | 38,144 | $6.5M | Add +509.0% |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 0.87% | 211,177 | $6.4M | Reduce -10.7% |
| FIVE Five Below | 0.83% | 32,674 | $6.2M | Reduce -34.5% |
| CNM Core & Main Inc. Class A | 0.82% | 117,473 | $6.1M | Reduce -24.8% |
| ESTC Elastic NV | 0.82% | 80,622 | $6.1M | Reduce -7.7% |
| HQY Healthequity Inc. | 0.76% | 61,806 | $5.7M | Reduce -43.9% |
| TXRH Texas Roadhouse Inc. | 0.76% | 34,028 | $5.6M | Reduce -19.4% |
| DXCM Dexcom Inc. | 0.73% | 81,756 | $5.4M | Add +36.2% |
| LOAR Loar Holdings Inc. | 0.72% | 79,063 | $5.4M | Add +292.4% |
| RYAN Ryan Specialty Holdings Inc. | 0.71% | 101,623 | $5.2M | Add +1.0% |
| PAX Patria Investments Ltd. Class A | 0.69% | 323,272 | $5.1M | Reduce -18.1% |
| ENSG The Ensign Group Inc. | 0.68% | 28,968 | $5.0M | Reduce -9.7% |
| DG Dollar General Corp. | 0.65% | 36,311 | $4.8M | Reduce -10.2% |
| RDVT Red Violet Inc. | 0.65% | 84,302 | $4.8M | Reduce -6.1% |
| ALG Alamo Group Inc. | 0.63% | 27,950 | $4.7M | Add +930.2% |
| SPSC SPS Commerce Inc. | 0.61% | 50,675 | $4.5M | Reduce -49.5% |
| RPC Ridgepost Capital Inc. Class A filed as P10 INC | 0.60% | 453,283 | $4.4M | Reduce -30.9% |
| QLYS Qualys Inc. | 0.60% | 33,263 | $4.4M | Reduce -5.2% |
| RBRK Rubrik Inc. Class A | 0.59% | 57,007 | $4.4M | New |
| MOD Modine Manufacturing Co. | 0.58% | 32,173 | $4.3M | Add +71.3% |
| RXST Rxsight Inc. | 0.55% | 390,551 | $4.1M | Reduce -7.2% |
| KRMN Karman Holdings Inc. | 0.54% | 55,121 | $4.0M | New |
| IBP Installed Building Products | 0.52% | 14,899 | $3.9M | Reduce -62.4% |
| CSW CSW Industrials Inc. | 0.51% | 12,885 | $3.8M | Add +1.1% |
| GSHD Goosehead Insurance Inc. Class A | 0.50% | 50,389 | $3.7M | Add +3.7% |
| NTSK Netskope Inc. Class A | 0.49% | 209,534 | $3.7M | Add +274.5% |
| BURL Burlington Stores Inc. | 0.48% | 12,454 | $3.6M | Reduce -63.9% |
| ZS Zscaler Inc. | 0.48% | 15,915 | $3.6M | Add +1.1% |
| TWFG TWFG Inc. | 0.45% | 116,348 | $3.3M | Add +10.5% |
| TW Tradeweb Markets Inc. Class A | 0.45% | 31,042 | $3.3M | Reduce -23.7% |
| FSS Federal Signal Corp. | 0.44% | 30,018 | $3.3M | Add +424.0% |
| TPG TPG Inc. | 0.39% | 45,327 | $2.9M | Reduce -25.6% |
| MANH Manhattan Associates Inc. | 0.34% | 14,381 | $2.5M | Reduce -48.8% |
| IDXX Idexx Laboratories Inc. | 0.32% | 3,475 | $2.4M | Reduce -7.0% |
| MPTI M-Tron Industries Inc. | 0.32% | 44,061 | $2.3M | New |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.30% | 49,899 | $2.2M | Reduce -35.2% |
| KLIC Kulicke & Soffa Industries | 0.25% | 40,916 | $1.9M | Reduce -26.0% |
| SARO Standardaero Inc. | 0.25% | 63,994 | $1.8M | Add +109.4% |
| PRM Perimeter Solutions Inc. | 0.23% | 62,097 | $1.7M | Add +40.6% |
| ICLR Icon PLC | 0.23% | 9,273 | $1.7M | Reduce -80.6% |
| HAE Haemonetics Corp. | 0.20% | 18,152 | $1.5M | Add +22.5% |
| MIAX Miami International Holdings | 0.19% | 31,977 | $1.4M | Add +1.4% |
| PWR Quanta Services Inc. | 0.19% | 3,263 | $1.4M | Add +21.9% |
| ABX Abacus Global Management Inc. | 0.18% | 156,551 | $1.3M | Reduce -50.9% |
| MRVL Marvell Technology Inc. | 0.18% | 15,699 | $1.3M | Add +15.8% |
| FORM Formfactor Inc. | 0.17% | 23,245 | $1.3M | No change |
| NEOG Neogen Corp. | 0.17% | 183,237 | $1.3M | Reduce -73.9% |
| CAVA Cava Group Inc. | 0.17% | 21,795 | $1.3M | Add +29.4% |
| BUR Burford Capital Ltd. | 0.17% | 142,966 | $1.3M | No change |
| EPAC Enerpac Tool Group Corp. | 0.17% | 33,306 | $1.3M | Reduce -81.4% |
| ESQ Esquire Financial Holdings I | 0.16% | 11,478 | $1.2M | Reduce -72.0% |
| GNTX Gentex Corp. | 0.15% | 48,029 | $1.1M | Reduce -69.6% |
| RBC RBC Bearings Inc. | 0.15% | 2,484 | $1.1M | New |
| SPXC SPX Technologies Inc. | 0.14% | 5,276 | $1.1M | New |
| BWMN Bowman Consulting Group Ltd. | 0.14% | 30,880 | $1.0M | Reduce -6.7% |
| HDB HDFC Bank Ltd.-ADR | 0.13% | 27,108 | $991K | No change |
| CROX Crocs Inc. | 0.11% | 9,664 | $826K | No change |
| GO Grocery Outlet Holding Corp. | 0.11% | 80,850 | $817K | Reduce -77.7% |
| RHI Robert Half Inc. | 0.11% | 29,198 | $793K | New |
| ODD Oddity Tech Ltd. Class A | 0.10% | 18,583 | $747K | New |
| VSEC Vse Corp. | 0.10% | 4,288 | $741K | New |
| GIC Global Industrial Co. | 0.08% | 19,860 | $580K | Reduce -79.0% |
| CWAN Clearwater Analytics HDS-A | 0.08% | 23,903 | $577K | Reduce -95.4% |
| BBSI Barrett Business SVCS Inc. | 0.07% | 15,345 | $556K | No change |
| PTRN Pattern Group Inc. Class A | 0.07% | 45,141 | $521K | New |
| APPF Appfolio Inc. Class A | 0.06% | 2,027 | $472K | Reduce -14.3% |
| DT Dynatrace Inc. | 0.06% | 10,359 | $449K | Reduce -82.3% |
| NP Neptune Insurance Holdi Class A | 0.06% | 15,173 | $442K | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.05% | 846 | $397K | Add +50.5% |
| FTLF Fitlife Brands Inc. | 0.05% | 21,554 | $351K | New |
| HCKT The Hackett Group Inc. | 0.05% | 17,270 | $339K | Reduce -79.4% |
| KRUS Kura Sushi USA Inc. Class A | 0.04% | 5,276 | $276K | No change |
| FIGS Figs Inc. Class A | 0.04% | 24,213 | $275K | Reduce -36.8% |
| LOVE The Lovesac Co. | 0.03% | 14,140 | $209K | No change |
| JYNT The Joint Corp. | 0.02% | 17,690 | $154K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −5.18 |
| DSGX The Descartes Systems Grp | Reduce -19.6% | 3.95% | −1.30 |
| CWAN Clearwater Analytics HDS-A | Reduce -95.4% | 0.08% | −1.17 |
| PRIM Primoris Services Corp. | Reduce -20.8% | 2.41% | −0.95 |
| ICLR Icon PLC | Reduce -80.6% | 0.23% | −0.89 |
| EPAC Enerpac Tool Group Corp. | Reduce -81.4% | 0.17% | −0.82 |
| SPSC SPS Commerce Inc. | Reduce -49.5% | 0.61% | −0.79 |
| IBP Installed Building Products | Reduce -62.4% | 0.52% | −0.79 |
| MAMA Mama's Creations Inc. | Reduce -48.8% | 1.39% | −0.72 |
| BURL Burlington Stores Inc. | Reduce -63.9% | 0.48% | −0.69 |
| GO Grocery Outlet Holding Corp. | Reduce -77.7% | 0.11% | −0.67 |
| HQY Healthequity Inc. | Reduce -43.9% | 0.76% | −0.64 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.48 |
| LFUS Littelfuse Inc. | Reduce -11.1% | 3.19% | −0.47 |
| GNTX Gentex Corp. | Reduce -69.6% | 0.15% | −0.45 |
| MANH Manhattan Associates Inc. | Reduce -48.8% | 0.34% | −0.44 |
| ESQ Esquire Financial Holdings I | Reduce -72.0% | 0.16% | −0.40 |
| GIC Global Industrial Co. | Reduce -79.0% | 0.08% | −0.39 |
| NEOG Neogen Corp. | Reduce -73.9% | 0.17% | −0.36 |
| RPC Ridgepost Capital Inc. Class A | Reduce -30.9% | 0.60% | −0.36 |
| DT Dynatrace Inc. | Reduce -82.3% | 0.06% | −0.32 |
| TREX Trex Company Inc. | Sold out | 0.00% | −0.31 |
| CNM Core & Main Inc. Class A | Reduce -24.8% | 0.82% | −0.31 |
| AMKR Amkor Technology Inc. | Sold out | 0.00% | −0.30 |
| ACVA Acv Auctions Inc. Class A | Sold out | 0.00% | −0.29 |
| VVV Valvoline Inc. | Sold out | 0.00% | −0.27 |
| STN Stantec Inc. | Reduce -3.5% | 1.45% | −0.26 |
| FIVE Five Below | Reduce -34.5% | 0.83% | −0.21 |
| TXRH Texas Roadhouse Inc. | Reduce -19.4% | 0.76% | −0.18 |
| ESTC Elastic NV | Reduce -7.7% | 0.82% | −0.17 |
| HCKT The Hackett Group Inc. | Reduce -79.4% | 0.05% | −0.17 |
| TW Tradeweb Markets Inc. Class A | Reduce -23.7% | 0.45% | −0.16 |
| MEDP Medpace Holdings Inc. | Reduce -90.2% | 0.02% | −0.15 |
| BRKR Bruker Corp. | Sold out | 0.00% | −0.15 |
| MORN Morningstar Inc. | Sold out | 0.00% | −0.15 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.15 |
| IRMD Iradimed Corp. | Sold out | 0.00% | −0.14 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −0.10 |
| PAX Patria Investments Ltd. Class A | Reduce -18.1% | 0.69% | −0.08 |
| KIDS Orthopediatrics Corp. | Sold out | 0.00% | −0.08 |
| TPG TPG Inc. | Reduce -25.6% | 0.39% | −0.08 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −0.07 |
| OWL Blue Owl Capital Inc. | Sold out | 0.00% | −0.07 |
| ABX Abacus Global Management Inc. | Reduce -50.9% | 0.18% | −0.07 |
| ENSG The Ensign Group Inc. | Reduce -9.7% | 0.68% | −0.06 |
| BWMN Bowman Consulting Group Ltd. | Reduce -6.7% | 0.14% | −0.05 |
| KLIC Kulicke & Soffa Industries | Reduce -26.0% | 0.25% | −0.05 |
| YETI Yeti Holdings Inc. | Reduce -35.2% | 0.30% | −0.05 |
| TMCI Treace Medical Concepts Inc. | Sold out | 0.00% | −0.03 |
| VTMX Corp. Inmobiliaria Vesta-ADR | Reduce -10.7% | 0.87% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| ITT Itt Inc. | New | 3.46% | +3.46 |
| NVT Nvent Electric PLC | Add +156.2% | 2.79% | +1.74 |
| ARX Accelerant Holdings Class A | Add +71.4% | 3.57% | +1.68 |
| POWI Power Integrations Inc. | New | 1.46% | +1.46 |
| ATRC Atricure Inc. | Add +316.3% | 1.75% | +1.38 |
| MRX Marex UK Holdings Ltd. | Add +1.5% | 9.19% | +1.28 |
| MPWR Monolithic Power Systems Inc. | Add +11.2% | 8.84% | +0.79 |
| BELFB Bel Fuse Inc. Class B | Add +509.0% | 0.87% | +0.75 |
| FRPT Freshpet Inc. | Add +117.1% | 1.11% | +0.65 |
| HLI Houlihan Lokey Inc. | Add +198.9% | 0.97% | +0.59 |
| RBRK Rubrik Inc. Class A | New | 0.59% | +0.59 |
| ALG Alamo Group Inc. | Add +930.2% | 0.63% | +0.56 |
| KRMN Karman Holdings Inc. | New | 0.54% | +0.54 |
| NET Cloudflare Inc. Class A | Add +42.6% | 2.23% | +0.53 |
| LOAR Loar Holdings Inc. | Add +292.4% | 0.72% | +0.51 |
| FSS Federal Signal Corp. | Add +424.0% | 0.44% | +0.35 |
| NTSK Netskope Inc. Class A | Add +274.5% | 0.49% | +0.32 |
| MPTI M-Tron Industries Inc. | New | 0.32% | +0.32 |
| KAI Kadant Inc. | Add +44.0% | 1.06% | +0.29 |
| MOD Modine Manufacturing Co. | Add +71.3% | 0.58% | +0.22 |
| SLAB Silicon Laboratories Inc. | Add +14.3% | 1.68% | +0.21 |
| DXCM Dexcom Inc. | Add +36.2% | 0.73% | +0.19 |
| LMAT Lemaitre Vascular Inc. | Add +21.9% | 1.32% | +0.16 |
| PJT PJT Partners Inc. Class A | Add +22.8% | 1.12% | +0.15 |
| RBC RBC Bearings Inc. | New | 0.15% | +0.15 |
| SPXC SPX Technologies Inc. | New | 0.14% | +0.14 |
| SARO Standardaero Inc. | Add +109.4% | 0.25% | +0.14 |
| RHI Robert Half Inc. | New | 0.11% | +0.11 |
| ODD Oddity Tech Ltd. Class A | New | 0.10% | +0.10 |
| VSEC Vse Corp. | New | 0.10% | +0.10 |
| HAE Haemonetics Corp. | Add +22.5% | 0.20% | +0.10 |
| PRM Perimeter Solutions Inc. | Add +40.6% | 0.23% | +0.10 |
| CSW CSW Industrials Inc. | Add +1.1% | 0.51% | +0.09 |
| TECH Bio-Techne Corp. | Add +1.2% | 1.25% | +0.09 |
| PTRN Pattern Group Inc. Class A | New | 0.07% | +0.07 |
| TWFG TWFG Inc. | Add +10.5% | 0.45% | +0.06 |
| NP Neptune Insurance Holdi Class A | New | 0.06% | +0.06 |
| FTLF Fitlife Brands Inc. | New | 0.05% | +0.05 |
| PWR Quanta Services Inc. | Add +21.9% | 0.19% | +0.04 |
| CAVA Cava Group Inc. | Add +29.4% | 0.17% | +0.04 |
| MRVL Marvell Technology Inc. | Add +15.8% | 0.18% | +0.03 |
| MIAX Miami International Holdings | Add +1.4% | 0.19% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +50.5% | 0.05% | +0.02 |
| GSHD Goosehead Insurance Inc. Class A | Add +3.7% | 0.50% | +0.01 |
| RYAN Ryan Specialty Holdings Inc. | Add +1.0% | 0.71% | −0.05 |
| ZS Zscaler Inc. | Add +1.1% | 0.48% | −0.15 |
| PWP Perella Weinberg Partners | Add +3.7% | 1.53% | −0.28 |
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 |