Pembroke Management, LTD
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 29, 2024), Pembroke Management, LTD reported 58 stock positions worth $784.1 million. Its top holding was Installed Building Products (IBP) at 5.4% of the portfolio, followed by Globus Medical Class A (GMED, 5.2%) and Monolithic Power Systems (MPWR, 4.2%). Compared with Q2 2024, it opened 2 new positions, sold out of 6, added to 23 and reduced 26. The biggest buy was Cellebrite Di (CLBT, shares +24%) and the biggest sale an exit from Dolby Laboratories Class A (DLB).
- Most Recent 13F
- Q2 2026
- Location
- Montreal, A8
- CIK
- 0001063497
- Portfolio Value
- $784.1M (Q3 2024)
- SEC Filing
- 0001172661-24-004400 ↗ filed Oct 29, 2024
Holdings Value
Holdings 58 stocks · $784.1M
| IBP Installed Building Products | 5.38% | 171,281 | $42.2M | Reduce -1.2% |
| GMED Globus Medical Inc. Class A | 5.19% | 568,709 | $40.7M | Reduce -3.2% |
| MPWR Monolithic Power Systems Inc. | 4.19% | 35,525 | $32.8M | Reduce -14.4% |
| CLBT Cellebrite Di Ltd. | 4.10% | 1,908,345 | $32.1M | Add +24.3% |
| SITE Siteone Landscape Supply Inc. | 4.07% | 211,516 | $31.9M | Add +15.3% |
| VERX Vertex Inc. Class A | 4.04% | 822,401 | $31.7M | Reduce -2.6% |
| DORM Dorman Products Inc. | 3.76% | 260,419 | $29.5M | Reduce -1.5% |
| WSO Watsco Inc. | 3.76% | 59,889 | $29.5M | Reduce -3.3% |
| CNM Core & Main Inc. Class A | 3.25% | 573,944 | $25.5M | Reduce -1.1% |
| TECH Bio-Techne Corp. | 3.21% | 314,700 | $25.2M | Reduce -1.0% |
| TREX Trex Company Inc. | 3.16% | 371,806 | $24.8M | Add +19.6% |
| AIN Albany Intl Corp. Class A | 3.12% | 275,723 | $24.5M | Reduce -1.0% |
| AOS Smith (a.o.) Corp. | 2.99% | 261,083 | $23.5M | Reduce -3.6% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 2.68% | 418,511 | $21.0M | Reduce -9.2% |
| STVN Stevanato Group SPA | 2.68% | 1,051,140 | $21.0M | Add +143.7% |
| FSS Federal Signal Corp. | 2.64% | 221,260 | $20.7M | Add +5.4% |
| RYAN Ryan Specialty Holdings Inc. | 2.62% | 309,514 | $20.5M | Reduce -1.3% |
| CIGI Colliers Intl GR-Subord Vot | 2.37% | 90,452 | $18.6M | Reduce -0.6% |
| AAON Aaon Inc. | 2.29% | 166,361 | $17.9M | Add +62.5% |
| DSGX The Descartes Systems Grp | 2.24% | 125,984 | $17.5M | No change |
| BWMN Bowman Consulting Group Ltd. | 2.19% | 711,648 | $17.1M | Add +10.0% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 2.18% | 214,638 | $17.1M | Add +77.3% |
| AX Axos Financial Inc. | 1.92% | 239,910 | $15.1M | Reduce -22.3% |
| CRAI Cra International Inc. | 1.88% | 84,255 | $14.8M | Add +10.3% |
| THRM Gentherm Inc. | 1.88% | 315,951 | $14.7M | Reduce -1.0% |
| SPSC SPS Commerce Inc. | 1.87% | 75,581 | $14.7M | Reduce -17.8% |
| KBR KBR Inc. | 1.84% | 221,987 | $14.5M | Reduce -1.7% |
| IVV iShares Core S&P 500 ETF | 1.80% | 24,456 | $14.1M | Add +1.4% |
| NCNO Ncino Inc. | 1.74% | 432,388 | $13.7M | Add +44.5% |
| MANH Manhattan Associates Inc. | 1.72% | 47,978 | $13.5M | Reduce -1.3% |
| BASE Couchbase Inc. | 1.65% | 800,781 | $12.9M | Reduce -1.1% |
| CCC CCC Intelligent Solutions Ho | 1.57% | 1,117,263 | $12.3M | Reduce -1.3% |
| IMAX Imax Corp. | 1.24% | 474,761 | $9.7M | No change |
| OLLI Ollie's Bargain Outlet Holdi | 1.11% | 89,176 | $8.7M | Add +346.1% |
| UTI Universal Technical Institut | 0.85% | 410,163 | $6.7M | Add +11.1% |
| FC Franklin Covey Co. | 0.80% | 152,569 | $6.3M | Reduce -1.3% |
| VCTR Victory Capital Holding - A | 0.79% | 111,817 | $6.2M | Add +92.5% |
| REZI Resideo Technologies Inc. | 0.76% | 294,288 | $5.9M | New |
| LCII Lci Industries | 0.75% | 48,968 | $5.9M | Reduce -1.4% |
| GIL Gildan Activewear Inc. | 0.60% | 73,560 | $4.7M | Reduce -1.0% |
| MAIN Main Street Capital Corp. | 0.49% | 76,928 | $3.9M | Add +0.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.48% | 48,708 | $3.8M | Add +0.5% |
| IEMG iShares Core MSCI Emerging | 0.38% | 51,529 | $3.0M | Add +1.1% |
| RY Royal Bank of Canada | 0.23% | 10,492 | $1.8M | Add +3.8% |
| AEM Agnico Eagle Mines Ltd. | 0.22% | 16,120 | $1.8M | Add +34.6% |
| FSV Firstservice Corp. | 0.18% | 5,819 | $1.4M | No change |
| WPM Wheaton Precious Metals Corp. | 0.15% | 14,027 | $1.2M | No change |
| AGI Alamos Gold Inc. Class A | 0.15% | 42,482 | $1.1M | No change |
| GIB Cgi Inc. | 0.13% | 6,352 | $988K | Reduce -9.8% |
| VBNK Versabank | 0.12% | 50,864 | $919K | Add +45.2% |
| CNI Canadian Natl Railway Co. | 0.11% | 5,493 | $870K | Add +36.6% |
| PMTS Cpi Card Group Inc. | 0.09% | 26,627 | $741K | Add +48.7% |
| STN Stantec Inc. | 0.09% | 6,702 | $729K | Reduce -11.8% |
| CAE Cae Inc. | 0.08% | 23,461 | $596K | Add +17.1% |
| SHOP Shopify Inc. Class A | 0.07% | 4,913 | $532K | No change |
| BN Brookfield Corp. | 0.07% | 7,339 | $527K | No change |
| DOO BRP Inc./Ca- Sub Voting | 0.05% | 4,813 | $387K | Reduce -96.3% |
| RDVT Red Violet Inc. | 0.05% | 13,349 | $380K | New |
Portfolio Sells Q2 2024 → Q3 2024
| DLB Dolby Laboratories Inc. Class A | Sold out | 0.00% | −1.58 |
| DOO BRP Inc./Ca- Sub Voting | Reduce -96.3% | 0.05% | −1.47 |
| P Everpure Inc. Class A | Reduce -9.2% | 2.68% | −1.29 |
| IMXI International Money Express | Sold out | 0.00% | −1.22 |
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −1.05 |
| SRI Stoneridge Inc. | Sold out | 0.00% | −0.76 |
| CERT Certara Inc. | Sold out | 0.00% | −0.76 |
| ROAD Construction Partners Inc. Class A | Sold out | 0.00% | −0.59 |
| CNM Core & Main Inc. Class A | Reduce -1.1% | 3.25% | −0.57 |
| SPSC SPS Commerce Inc. | Reduce -17.8% | 1.87% | −0.45 |
| AX Axos Financial Inc. | Reduce -22.3% | 1.92% | −0.45 |
| MPWR Monolithic Power Systems Inc. | Reduce -14.4% | 4.19% | −0.39 |
| BASE Couchbase Inc. | Reduce -1.1% | 1.65% | −0.34 |
| THRM Gentherm Inc. | Reduce -1.0% | 1.88% | −0.24 |
| GMED Globus Medical Inc. Class A | Reduce -3.2% | 5.19% | −0.22 |
| CCC CCC Intelligent Solutions Ho | Reduce -1.3% | 1.57% | −0.11 |
| KBR KBR Inc. | Reduce -1.7% | 1.84% | −0.10 |
| WSO Watsco Inc. | Reduce -3.3% | 3.76% | −0.10 |
| VERX Vertex Inc. Class A | Reduce -2.6% | 4.04% | −0.05 |
| AIN Albany Intl Corp. Class A | Reduce -1.0% | 3.12% | −0.04 |
| STN Stantec Inc. | Reduce -11.8% | 0.09% | −0.02 |
| GIB Cgi Inc. | Reduce -9.8% | 0.13% | −0.00 |
| FC Franklin Covey Co. | Reduce -1.3% | 0.80% | +0.01 |
| AOS Smith (a.o.) Corp. | Reduce -3.6% | 2.99% | +0.02 |
| LCII Lci Industries | Reduce -1.4% | 0.75% | +0.06 |
| GIL Gildan Activewear Inc. | Reduce -1.0% | 0.60% | +0.08 |
| MANH Manhattan Associates Inc. | Reduce -1.3% | 1.72% | +0.11 |
| TECH Bio-Techne Corp. | Reduce -1.0% | 3.21% | +0.15 |
| RYAN Ryan Specialty Holdings Inc. | Reduce -1.3% | 2.62% | +0.18 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -0.6% | 2.37% | +0.50 |
| DORM Dorman Products Inc. | Reduce -1.5% | 3.76% | +0.51 |
| IBP Installed Building Products | Reduce -1.2% | 5.38% | +0.59 |
Portfolio Buys Q2 2024 → Q3 2024
| CLBT Cellebrite Di Ltd. | Add +24.3% | 4.10% | +1.63 |
| STVN Stevanato Group SPA | Add +143.7% | 2.68% | +1.62 |
| QTWO Q2 Holdings Inc. | Add +77.3% | 2.18% | +1.20 |
| AAON Aaon Inc. | Add +62.5% | 2.29% | +1.09 |
| SITE Siteone Landscape Supply Inc. | Add +15.3% | 4.07% | +1.08 |
| OLLI Ollie's Bargain Outlet Holdi | Add +346.1% | 1.11% | +0.84 |
| REZI Resideo Technologies Inc. | New | 0.76% | +0.76 |
| NCNO Ncino Inc. | Add +44.5% | 1.74% | +0.48 |
| VCTR Victory Capital Holding - A | Add +92.5% | 0.79% | +0.42 |
| FSS Federal Signal Corp. | Add +5.4% | 2.64% | +0.28 |
| CRAI Cra International Inc. | Add +10.3% | 1.88% | +0.12 |
| AEM Agnico Eagle Mines Ltd. | Add +34.6% | 0.22% | +0.08 |
| UTI Universal Technical Institut | Add +11.1% | 0.85% | +0.07 |
| TREX Trex Company Inc. | Add +19.6% | 3.16% | +0.06 |
| RDVT Red Violet Inc. | New | 0.05% | +0.05 |
| VBNK Versabank | Add +45.2% | 0.12% | +0.05 |
| PMTS Cpi Card Group Inc. | Add +48.7% | 0.09% | +0.03 |
| RY Royal Bank of Canada | Add +3.8% | 0.23% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +1.4% | 1.80% | +0.03 |
| CNI Canadian Natl Railway Co. | Add +36.6% | 0.11% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.5% | 0.48% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +1.1% | 0.38% | +0.01 |
| CAE Cae Inc. | Add +17.1% | 0.08% | +0.01 |
| MAIN Main Street Capital Corp. | Add +0.6% | 0.49% | −0.03 |
| BWMN Bowman Consulting Group Ltd. | Add +10.0% | 2.19% | −0.58 |
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 |