Grandeur Peak Global Advisors, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Grandeur Peak Global Advisors, LLC reported 86 stock positions worth $426.8 million. Its top holding was Marex UK (MRX) at 13.8% of the portfolio, followed by Monolithic Power Systems (MPWR, 13.2%) and BBB Foods Class A (TBBB, 8.5%). Compared with Q4 2025, it opened 9 new positions, sold out of 25, added to 15 and reduced 53. The biggest buy was Kadant (KAI, shares +312%) and the biggest sale Jfrog (FROG, shares −92%).

Most Recent 13F
Q2 2026
Location
SALT LAKE CITY, UT
CIK
0001569137
Portfolio Value
$426.8M (Q1 2026)
SEC Filing
0001569137-26-000003 ↗ filed May 15, 2026

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 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 $426.8M Q1 2026 Q2 2026: $432.1M Q2 2026

Holdings 86 stocks · $426.8M

MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 13.84% 1,325,195 $59.1M Reduce -25.5%
MPWR Monolithic Power Systems Inc. 13.19% 51,495 $56.3M Reduce -28.9%
TBBB BBB Foods Inc. Class A 8.54% 1,030,530 $36.4M Reduce -21.3%
KAI Kadant Inc. 7.78% 113,603 $33.2M Add +311.5%
ITT Itt Inc. 6.54% 146,419 $27.9M Reduce -1.2%
NVT Nvent Electric PLC 4.72% 170,239 $20.1M Reduce -16.2%
LFUS Littelfuse Inc. 4.54% 57,121 $19.4M Reduce -39.1%
PRIM Primoris Services Corp. 3.69% 109,967 $15.7M Reduce -23.7%
ATRC Atricure Inc. 2.55% 381,902 $10.9M Add +16.3%
LMAT Lemaitre Vascular Inc. 2.53% 98,723 $10.8M Reduce -18.4%
PWP Perella Weinberg Partners 1.80% 423,510 $7.7M Reduce -35.7%
BELFB Bel Fuse Inc. Class B 1.71% 36,892 $7.3M Reduce -3.3%
PJT PJT Partners Inc. Class A 1.69% 51,710 $7.2M Add +4.0%
TECH Bio-Techne Corp. 1.66% 135,646 $7.1M Reduce -14.3%
PTRN Pattern Group Inc. Class A 1.45% 498,779 $6.2M Add +1004.9%
VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP 1.34% 171,762 $5.7M Reduce -18.7%
HLI Houlihan Lokey Inc. 1.33% 39,436 $5.7M Reduce -4.7%
PNTG The Pennant Group Inc. 1.29% 181,058 $5.5M Reduce -21.6%
FROG Jfrog Ltd. 1.09% 99,409 $4.7M Reduce -91.8%
CNM Core & Main Inc. Class A 0.89% 76,878 $3.8M Reduce -34.6%
DG Dollar General Corp. 0.88% 31,560 $3.7M Reduce -13.1%
MPTI M-Tron Industries Inc. 0.80% 50,848 $3.4M Add +15.4%
ENSG The Ensign Group Inc. 0.79% 16,791 $3.4M Reduce -42.0%
HQY Healthequity Inc. 0.71% 36,445 $3.0M Reduce -41.0%
FSS Federal Signal Corp. 0.68% 27,018 $2.9M Reduce -10.0%
RXST Rxsight Inc. 0.67% 465,592 $2.9M Add +19.2%
DXCM Dexcom Inc. 0.67% 45,406 $2.9M Reduce -44.5%
LOAR Loar Holdings Inc. 0.63% 46,846 $2.7M Reduce -40.8%
CSW CSW Industrials Inc. 0.60% 9,908 $2.6M Reduce -23.1%
KRMN Karman Holdings Inc. 0.56% 29,744 $2.4M Reduce -46.0%
MOD Modine Manufacturing Co. 0.52% 10,284 $2.2M Reduce -68.0%
ALG Alamo Group Inc. 0.52% 13,375 $2.2M Reduce -52.1%
IBP Installed Building Products 0.51% 8,196 $2.2M Reduce -45.0%
DSGX The Descartes Systems Grp 0.47% 27,800 $2.0M Reduce -91.7%
RBRK Rubrik Inc. Class A 0.45% 39,409 $1.9M Reduce -30.9%
VSEC Vse Corp. 0.44% 10,131 $1.9M Add +136.3%
ICLR Icon PLC 0.36% 13,967 $1.5M Add +50.6%
RBC RBC Bearings Inc. 0.35% 2,774 $1.5M Add +11.7%
KIDS Orthopediatrics Corp. 0.35% 94,090 $1.5M New
HAE Haemonetics Corp. 0.33% 25,344 $1.4M Add +39.6%
NEOG Neogen Corp. 0.32% 148,256 $1.4M Reduce -19.1%
MAMA Mama's Creations Inc. 0.30% 84,608 $1.3M Reduce -89.0%
FRPT Freshpet Inc. 0.30% 21,859 $1.3M Reduce -83.8%
SPXC SPX Technologies Inc. 0.30% 6,377 $1.3M Add +20.9%
ESQ Esquire Financial Holdings I 0.29% 11,478 $1.2M No change
ABX Abacus Global Management Inc. 0.29% 156,340 $1.2M Reduce -0.1%
TW Tradeweb Markets Inc. Class A 0.27% 9,837 $1.2M Reduce -68.3%
GNTX Gentex Corp. 0.25% 48,029 $1.0M No change
IDXX Idexx Laboratories Inc. 0.24% 1,836 $1.0M Reduce -47.2%
PAX Patria Investments Ltd. Class A 0.23% 79,584 $1.0M Reduce -75.4%
BWMN Bowman Consulting Group Ltd. 0.21% 30,880 $878K No change
KNSL Kinsale Capital Group Inc. 0.20% 2,486 $849K New
CROX Crocs Inc. 0.19% 9,664 $802K No change
BUR Burford Capital Ltd. 0.19% 175,780 $795K Add +22.9%
GO Grocery Outlet Holding Corp. 0.18% 111,496 $786K Add +37.9%
RHI Robert Half Inc. 0.17% 29,404 $747K Add +0.7%
CODA Coda Octopus Group Inc. 0.17% 62,519 $706K New
GIC Global Industrial Co. 0.17% 22,386 $706K Add +12.7%
HDB HDFC Bank Ltd.-ADR 0.16% 27,108 $674K No change
FIVE Five Below 0.15% 2,780 $635K Reduce -91.5%
MIAX Miami International Holdings 0.14% 15,771 $614K Reduce -50.7%
RYAN Ryan Specialty Holdings Inc. 0.14% 17,910 $604K Reduce -82.4%
BMI Badger Meter Inc. 0.14% 3,889 $592K New
UPWK Upwork Inc. 0.13% 50,134 $549K Reduce -89.2%
ARX Accelerant Holdings Class A 0.12% 39,573 $529K Reduce -97.6%
EPAC Enerpac Tool Group Corp. 0.12% 13,602 $496K Reduce -59.2%
FTV Fortive Corp. 0.11% 8,572 $474K New
UFPT Ufp Technologies Inc. 0.09% 1,988 $385K New
KRUS Kura Sushi USA Inc. Class A 0.09% 5,276 $368K No change
NP Neptune Insurance Holdi Class A 0.09% 15,173 $367K No change
XPEL Xpel Inc. 0.08% 8,117 $359K New
BURL Burlington Stores Inc. 0.07% 944 $307K Reduce -92.4%
RACE Ferrari NV 0.07% 848 $283K New
TXRH Texas Roadhouse Inc. 0.06% 1,632 $270K Reduce -95.2%
PWR Quanta Services Inc. 0.06% 488 $268K Reduce -85.0%
PRM Perimeter Solutions Inc. 0.06% 10,672 $261K Reduce -82.8%
LOVE The Lovesac Co. 0.05% 14,140 $209K No change
ESTC Elastic NV 0.05% 4,129 $206K Reduce -94.9%
FORM Formfactor Inc. 0.05% 2,114 $205K Reduce -90.9%
POWI Power Integrations Inc. 0.05% 3,782 $194K Reduce -98.8%
SARO Standardaero Inc. 0.04% 7,079 $183K Reduce -88.9%
MRVL Marvell Technology Inc. 0.04% 1,796 $178K Reduce -88.6%
APPF Appfolio Inc. Class A 0.03% 832 $131K Reduce -59.0%
CRWD CrowdStrike Holdings Inc. Class A 0.03% 305 $119K Reduce -64.0%
RRX Regal Rexnord Corp. 0.02% 400 $75K New
FATN Fatpipe Inc. 0.01% 24,470 $60K No change

Portfolio Sells Q4 2025 → Q1 2026

FROG Jfrog Ltd. Reduce -91.8% 1.09% −9.04
DSGX The Descartes Systems Grp Reduce -91.7% 0.47% −3.48
ARX Accelerant Holdings Class A Reduce -97.6% 0.12% −3.44
NET Cloudflare Inc. Class A Sold out 0.00% −2.23
SLAB Silicon Laboratories Inc. Sold out 0.00% −1.68
STN Stantec Inc. Sold out 0.00% −1.45
POWI Power Integrations Inc. Reduce -98.8% 0.05% −1.42
UPWK Upwork Inc. Reduce -89.2% 0.13% −1.10
MAMA Mama's Creations Inc. Reduce -89.0% 0.30% −1.09
FRPT Freshpet Inc. Reduce -83.8% 0.30% −0.81
ESTC Elastic NV Reduce -94.9% 0.05% −0.77
TXRH Texas Roadhouse Inc. Reduce -95.2% 0.06% −0.70
FIVE Five Below Reduce -91.5% 0.15% −0.68
RDVT Red Violet Inc. Sold out 0.00% −0.65
SPSC SPS Commerce Inc. Sold out 0.00% −0.61
RPC Ridgepost Capital Inc. Class A Sold out 0.00% −0.60
QLYS Qualys Inc. Sold out 0.00% −0.60
RYAN Ryan Specialty Holdings Inc. Reduce -82.4% 0.14% −0.56
GSHD Goosehead Insurance Inc. Class A Sold out 0.00% −0.50
NTSK Netskope Inc. Class A Sold out 0.00% −0.49
ZS Zscaler Inc. Sold out 0.00% −0.48
PAX Patria Investments Ltd. Class A Reduce -75.4% 0.23% −0.46
TWFG TWFG Inc. Sold out 0.00% −0.45
BURL Burlington Stores Inc. Reduce -92.4% 0.07% −0.41
TPG TPG Inc. Sold out 0.00% −0.39
MANH Manhattan Associates Inc. Sold out 0.00% −0.34
YETI Yeti Holdings Inc. Sold out 0.00% −0.30
KLIC Kulicke & Soffa Industries Sold out 0.00% −0.25
SARO Standardaero Inc. Reduce -88.9% 0.04% −0.20
TW Tradeweb Markets Inc. Class A Reduce -68.3% 0.27% −0.18
CAVA Cava Group Inc. Sold out 0.00% −0.17
PRM Perimeter Solutions Inc. Reduce -82.8% 0.06% −0.17
MRVL Marvell Technology Inc. Reduce -88.6% 0.04% −0.14
RBRK Rubrik Inc. Class A Reduce -30.9% 0.45% −0.13
FORM Formfactor Inc. Reduce -90.9% 0.05% −0.13
PWR Quanta Services Inc. Reduce -85.0% 0.06% −0.12
ALG Alamo Group Inc. Reduce -52.1% 0.52% −0.11
ODD Oddity Tech Ltd. Class A Sold out 0.00% −0.10
LOAR Loar Holdings Inc. Reduce -40.8% 0.63% −0.09
CWAN Clearwater Analytics HDS-A Sold out 0.00% −0.08
BBSI Barrett Business SVCS Inc. Sold out 0.00% −0.07
IDXX Idexx Laboratories Inc. Reduce -47.2% 0.24% −0.07
DXCM Dexcom Inc. Reduce -44.5% 0.67% −0.06
DT Dynatrace Inc. Sold out 0.00% −0.06
MOD Modine Manufacturing Co. Reduce -68.0% 0.52% −0.06
EPAC Enerpac Tool Group Corp. Reduce -59.2% 0.12% −0.06
HQY Healthequity Inc. Reduce -41.0% 0.71% −0.05
FTLF Fitlife Brands Inc. Sold out 0.00% −0.05
MIAX Miami International Holdings Reduce -50.7% 0.14% −0.05
HCKT The Hackett Group Inc. Sold out 0.00% −0.05

Portfolio Buys Q4 2025 → Q1 2026

KAI Kadant Inc. Add +311.5% 7.78% +6.72
PTRN Pattern Group Inc. Class A Add +1004.9% 1.45% +1.38
ATRC Atricure Inc. Add +16.3% 2.55% +0.80
PJT PJT Partners Inc. Class A Add +4.0% 1.69% +0.57
MPTI M-Tron Industries Inc. Add +15.4% 0.80% +0.48
KIDS Orthopediatrics Corp. New 0.35% +0.35
VSEC Vse Corp. Add +136.3% 0.44% +0.34
RBC RBC Bearings Inc. Add +11.7% 0.35% +0.20
KNSL Kinsale Capital Group Inc. New 0.20% +0.20
CODA Coda Octopus Group Inc. New 0.17% +0.17
SPXC SPX Technologies Inc. Add +20.9% 0.30% +0.16
BMI Badger Meter Inc. New 0.14% +0.14
HAE Haemonetics Corp. Add +39.6% 0.33% +0.14
ICLR Icon PLC Add +50.6% 0.36% +0.13
RXST Rxsight Inc. Add +19.2% 0.67% +0.12
FTV Fortive Corp. New 0.11% +0.11
UFPT Ufp Technologies Inc. New 0.09% +0.09
GIC Global Industrial Co. Add +12.7% 0.17% +0.09
XPEL Xpel Inc. New 0.08% +0.08
GO Grocery Outlet Holding Corp. Add +37.9% 0.18% +0.07
RHI Robert Half Inc. Add +0.7% 0.17% +0.07
RACE Ferrari NV New 0.07% +0.07
RRX Regal Rexnord Corp. New 0.02% +0.02
BUR Burford Capital Ltd. Add +22.9% 0.19% +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