Pembroke Management, LTD
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 1, 2024), Pembroke Management, LTD reported 62 stock positions worth $744.4 million. Its top holding was Globus Medical Class A (GMED) at 5.4% of the portfolio, followed by Installed Building Products (IBP, 4.8%) and Monolithic Power Systems (MPWR, 4.6%). Compared with Q1 2024, it opened 7 new positions, sold out of 6, added to 18 and reduced 32. The biggest buy was Cellebrite Di (CLBT, shares +105%) and the biggest sale an exit from Sprout Social Class A (SPT).
- Most Recent 13F
- Q2 2026
- Location
- Montreal, A8
- CIK
- 0001063497
- Portfolio Value
- $744.4M (Q2 2024)
- SEC Filing
- 0001172661-24-003019 ↗ filed Aug 1, 2024
Holdings Value
Holdings 62 stocks · $744.4M
| GMED Globus Medical Inc. Class A | 5.41% | 587,639 | $40.2M | Reduce -6.2% |
| IBP Installed Building Products | 4.79% | 173,364 | $35.7M | Reduce -6.7% |
| MPWR Monolithic Power Systems Inc. | 4.58% | 41,496 | $34.1M | Reduce -19.9% |
| VERX Vertex Inc. Class A | 4.09% | 844,619 | $30.4M | Reduce -8.9% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 3.98% | 460,906 | $29.6M | Reduce -30.6% |
| WSO Watsco Inc. | 3.85% | 61,904 | $28.7M | Reduce -5.2% |
| CNM Core & Main Inc. Class A | 3.82% | 580,503 | $28.4M | Reduce -16.8% |
| DORM Dorman Products Inc. | 3.25% | 264,329 | $24.2M | Reduce -2.0% |
| AIN Albany Intl Corp. Class A | 3.16% | 278,524 | $23.5M | Reduce -0.2% |
| TREX Trex Company Inc. | 3.10% | 310,879 | $23.0M | Reduce -6.5% |
| TECH Bio-Techne Corp. | 3.06% | 317,756 | $22.8M | Add +12.2% |
| SITE Siteone Landscape Supply Inc. | 2.99% | 183,399 | $22.3M | Add +13.1% |
| AOS Smith (a.o.) Corp. | 2.97% | 270,748 | $22.1M | Reduce -6.7% |
| BWMN Bowman Consulting Group Ltd. | 2.76% | 647,031 | $20.6M | Add +19.8% |
| CLBT Cellebrite Di Ltd. | 2.47% | 1,535,726 | $18.4M | Add +104.9% |
| RYAN Ryan Specialty Holdings Inc. | 2.44% | 313,638 | $18.2M | Reduce -8.0% |
| AX Axos Financial Inc. | 2.37% | 308,899 | $17.7M | Reduce -8.0% |
| FSS Federal Signal Corp. | 2.36% | 209,849 | $17.6M | Add +5.2% |
| SPSC SPS Commerce Inc. | 2.33% | 91,985 | $17.3M | Add +9.2% |
| DSGX The Descartes Systems Grp | 2.24% | 125,984 | $16.7M | Reduce -3.3% |
| THRM Gentherm Inc. | 2.12% | 319,230 | $15.7M | Add +16.6% |
| BASE Couchbase Inc. | 1.99% | 809,876 | $14.8M | Add +18.1% |
| KBR KBR Inc. | 1.94% | 225,728 | $14.5M | Add +74.9% |
| CIGI Colliers Intl GR-Subord Vot | 1.87% | 91,008 | $13.9M | Reduce -22.2% |
| IVV iShares Core S&P 500 ETF | 1.77% | 24,117 | $13.2M | Reduce -3.4% |
| CRAI Cra International Inc. | 1.77% | 76,356 | $13.2M | Reduce -20.6% |
| CCC CCC Intelligent Solutions Ho | 1.69% | 1,131,957 | $12.6M | Add +3.8% |
| MANH Manhattan Associates Inc. | 1.61% | 48,618 | $12.0M | Add +23.8% |
| DLB Dolby Laboratories Inc. Class A | 1.58% | 148,297 | $11.7M | Reduce -8.0% |
| DOO BRP Inc./Ca- Sub Voting | 1.51% | 128,628 | $11.3M | Reduce -23.1% |
| NCNO Ncino Inc. | 1.26% | 299,145 | $9.4M | Add +30.9% |
| IMXI International Money Express | 1.22% | 435,939 | $9.1M | Reduce -8.1% |
| AAON Aaon Inc. | 1.20% | 102,347 | $8.9M | New |
| IMAX Imax Corp. | 1.07% | 474,761 | $8.0M | Add +35.2% |
| STVN Stevanato Group SPA | 1.06% | 431,393 | $7.9M | Reduce -8.2% |
| WNS WNS Holdings Ltd. filed as WNS HLDGS LTD | 1.05% | 148,988 | $7.8M | Reduce -63.8% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 0.98% | 121,056 | $7.3M | New |
| FC Franklin Covey Co. | 0.79% | 154,521 | $5.9M | Reduce -7.6% |
| UTI Universal Technical Institut | 0.78% | 369,308 | $5.8M | Add +646.3% |
| SRI Stoneridge Inc. | 0.76% | 356,285 | $5.7M | Reduce -57.6% |
| CERT Certara Inc. | 0.76% | 406,324 | $5.6M | Reduce -8.0% |
| LCII Lci Industries | 0.69% | 49,671 | $5.1M | Reduce -8.0% |
| ROAD Construction Partners Inc. Class A | 0.59% | 79,889 | $4.4M | Reduce -37.1% |
| MAIN Main Street Capital Corp. | 0.52% | 76,495 | $3.9M | Add +19.6% |
| GIL Gildan Activewear Inc. | 0.52% | 74,335 | $3.9M | New |
| IEFA iShares Core MSCI Eafe ETF | 0.47% | 48,448 | $3.5M | Add +1.9% |
| VCTR Victory Capital Holding - A | 0.37% | 58,098 | $2.8M | New |
| IEMG iShares Core MSCI Emerging | 0.37% | 50,981 | $2.7M | Reduce -65.6% |
| OLLI Ollie's Bargain Outlet Holdi | 0.26% | 19,990 | $2.0M | New |
| RY Royal Bank of Canada | 0.20% | 10,108 | $1.5M | Reduce -9.7% |
| FSV Firstservice Corp. | 0.16% | 5,819 | $1.2M | Add +20.4% |
| AEM Agnico Eagle Mines Ltd. | 0.14% | 11,972 | $1.1M | Reduce -23.2% |
| WPM Wheaton Precious Metals Corp. | 0.14% | 14,027 | $1.0M | No change |
| GIB Cgi Inc. | 0.13% | 7,045 | $962K | No change |
| AGI Alamos Gold Inc. Class A | 0.12% | 42,482 | $912K | Reduce -30.7% |
| STN Stantec Inc. | 0.12% | 7,599 | $870K | No change |
| CNI Canadian Natl Railway Co. | 0.09% | 4,020 | $650K | Reduce -16.6% |
| VBNK Versabank | 0.07% | 35,030 | $516K | New |
| CAE Cae Inc. | 0.07% | 20,041 | $509K | New |
| PMTS Cpi Card Group Inc. | 0.07% | 17,907 | $488K | No change |
| SHOP Shopify Inc. Class A | 0.06% | 4,913 | $444K | Add +70.5% |
| BN Brookfield Corp. | 0.06% | 7,339 | $418K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| SPT Sprout Social Inc. Class A | Sold out | 0.00% | −2.44 |
| PRFT Perficient Inc. | Sold out | 0.00% | −1.44 |
| WNS WNS Holdings Ltd. | Reduce -63.8% | 1.05% | −1.39 |
| RGEN Repligen Corp. | Sold out | 0.00% | −1.37 |
| SRI Stoneridge Inc. | Reduce -57.6% | 0.76% | −1.06 |
| CNM Core & Main Inc. Class A | Reduce -16.8% | 3.82% | −0.89 |
| IBP Installed Building Products | Reduce -6.7% | 4.79% | −0.87 |
| QLYS Qualys Inc. | Sold out | 0.00% | −0.86 |
| TREX Trex Company Inc. | Reduce -6.5% | 3.10% | −0.80 |
| STVN Stevanato Group SPA | Reduce -8.2% | 1.06% | −0.71 |
| IEMG iShares Core MSCI Emerging | Reduce -65.6% | 0.37% | −0.53 |
| GO Grocery Outlet Holding Corp. | Sold out | 0.00% | −0.49 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -22.2% | 1.87% | −0.41 |
| SSTK Shutterstock Inc. | Sold out | 0.00% | −0.32 |
| DOO BRP Inc./Ca- Sub Voting | Reduce -23.1% | 1.51% | −0.28 |
| ROAD Construction Partners Inc. Class A | Reduce -37.1% | 0.59% | −0.25 |
| CERT Certara Inc. | Reduce -8.0% | 0.76% | −0.17 |
| LCII Lci Industries | Reduce -8.0% | 0.69% | −0.09 |
| P Everpure Inc. Class A | Reduce -30.6% | 3.98% | −0.09 |
| AOS Smith (a.o.) Corp. | Reduce -6.7% | 2.97% | −0.08 |
| IMXI International Money Express | Reduce -8.1% | 1.22% | −0.05 |
| AGI Alamos Gold Inc. Class A | Reduce -30.7% | 0.12% | −0.02 |
| CNI Canadian Natl Railway Co. | Reduce -16.6% | 0.09% | −0.01 |
| DLB Dolby Laboratories Inc. Class A | Reduce -8.0% | 1.58% | −0.01 |
| AEM Agnico Eagle Mines Ltd. | Reduce -23.2% | 0.14% | −0.00 |
| FC Franklin Covey Co. | Reduce -7.6% | 0.79% | +0.02 |
| RY Royal Bank of Canada | Reduce -9.7% | 0.20% | +0.02 |
| CRAI Cra International Inc. | Reduce -20.6% | 1.77% | +0.08 |
| AIN Albany Intl Corp. Class A | Reduce -0.2% | 3.16% | +0.09 |
| DORM Dorman Products Inc. | Reduce -2.0% | 3.25% | +0.19 |
| RYAN Ryan Specialty Holdings Inc. | Reduce -8.0% | 2.44% | +0.21 |
| IVV iShares Core S&P 500 ETF | Reduce -3.4% | 1.77% | +0.23 |
| AX Axos Financial Inc. | Reduce -8.0% | 2.37% | +0.24 |
| DSGX The Descartes Systems Grp | Reduce -3.3% | 2.24% | +0.34 |
| MPWR Monolithic Power Systems Inc. | Reduce -19.9% | 4.58% | +0.45 |
| WSO Watsco Inc. | Reduce -5.2% | 3.85% | +0.53 |
| VERX Vertex Inc. Class A | Reduce -8.9% | 4.09% | +0.63 |
| GMED Globus Medical Inc. Class A | Reduce -6.2% | 5.41% | +1.45 |
Portfolio Buys Q1 2024 → Q2 2024
| CLBT Cellebrite Di Ltd. | Add +104.9% | 2.47% | +1.49 |
| AAON Aaon Inc. | New | 1.20% | +1.20 |
| QTWO Q2 Holdings Inc. | New | 0.98% | +0.98 |
| KBR KBR Inc. | Add +74.9% | 1.94% | +0.98 |
| TECH Bio-Techne Corp. | Add +12.2% | 3.06% | +0.71 |
| UTI Universal Technical Institut | Add +646.3% | 0.78% | +0.69 |
| BWMN Bowman Consulting Group Ltd. | Add +19.8% | 2.76% | +0.55 |
| GIL Gildan Activewear Inc. | New | 0.52% | +0.52 |
| SPSC SPS Commerce Inc. | Add +9.2% | 2.33% | +0.49 |
| MANH Manhattan Associates Inc. | Add +23.8% | 1.61% | +0.45 |
| IMAX Imax Corp. | Add +35.2% | 1.07% | +0.40 |
| VCTR Victory Capital Holding - A | New | 0.37% | +0.37 |
| FSS Federal Signal Corp. | Add +5.2% | 2.36% | +0.37 |
| OLLI Ollie's Bargain Outlet Holdi | New | 0.26% | +0.26 |
| THRM Gentherm Inc. | Add +16.6% | 2.12% | +0.26 |
| NCNO Ncino Inc. | Add +30.9% | 1.26% | +0.26 |
| MAIN Main Street Capital Corp. | Add +19.6% | 0.52% | +0.16 |
| CCC CCC Intelligent Solutions Ho | Add +3.8% | 1.69% | +0.16 |
| VBNK Versabank | New | 0.07% | +0.07 |
| CAE Cae Inc. | New | 0.07% | +0.07 |
| IEFA iShares Core MSCI Eafe ETF | Add +1.9% | 0.47% | +0.06 |
| FSV Firstservice Corp. | Add +20.4% | 0.16% | +0.04 |
| SHOP Shopify Inc. Class A | Add +70.5% | 0.06% | +0.02 |
| BASE Couchbase Inc. | Add +18.1% | 1.99% | −0.14 |
| SITE Siteone Landscape Supply Inc. | Add +13.1% | 2.99% | −0.34 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 100 | $773.7M | P, MOD, AAON, MPWR, FSS |
| Q1 2026 | 97 | $691.4M | MPWR, REZI, MOD, AAON, GMED |
| Q4 2025 | 92 | $967.9M | REZI, GMED, MPWR, CNM, AAON |
| Q3 2025 | 89 | $1.0B | REZI, P, AAON, MPWR, CNM |
| Q2 2025 | 78 | $826.7M | CNM, P, MPWR, IBP, FSS |
| Q1 2025 | 59 | $685.8M | GMED, CLBT, IBP, CNM, SITE |
| Q4 2024 | 60 | $802.0M | GMED, CLBT, VERX, CNM, P |
| Q3 2024 | 58 | $784.1M | IBP, GMED, MPWR, CLBT, SITE |
| Q2 2024 | 62 | $744.4M | GMED, IBP, MPWR, VERX, P |
| Q1 2024 | 61 | $849.9M | IBP, CNM, MPWR, P, GMED |