Pembroke Management, LTD
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 28, 2025), Pembroke Management, LTD reported 89 stock positions worth $1.0 billion. Its top holding was Resideo Technologies (REZI) at 6.3% of the portfolio, followed by Everpure Class A (P, 5.5%) and Aaon (AAON, 5.1%). Compared with Q2 2025, it opened 14 new positions, sold out of 3, added to 44 and reduced 25. The biggest buy was a new position in Workiva (WK) and the biggest sale an exit from Bruker (BRKR).
- Most Recent 13F
- Q2 2026
- Location
- Montreal, A8
- CIK
- 0001063497
- Portfolio Value
- $1.0B (Q3 2025)
- SEC Filing
- 0001172661-25-004463 ↗ filed Oct 28, 2025
Holdings Value
Holdings 89 stocks · $1.0B
| REZI Resideo Technologies Inc. | 6.30% | 1,470,131 | $63.5M | Add +26.6% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 5.54% | 666,649 | $55.9M | Reduce -7.4% |
| AAON Aaon Inc. | 5.13% | 553,149 | $51.7M | Add +28.6% |
| MPWR Monolithic Power Systems Inc. | 4.93% | 53,936 | $49.7M | Reduce -1.9% |
| CNM Core & Main Inc. Class A | 4.86% | 909,216 | $48.9M | Add +26.6% |
| SITE Siteone Landscape Supply Inc. | 3.89% | 304,362 | $39.2M | Add +13.1% |
| WK Workiva Inc. | 3.59% | 420,361 | $36.2M | New |
| IBP Installed Building Products | 3.52% | 143,658 | $35.4M | Reduce -31.9% |
| FSS Federal Signal Corp. | 3.32% | 281,196 | $33.5M | Reduce -20.9% |
| MANH Manhattan Associates Inc. | 3.32% | 163,006 | $33.4M | Add +32.8% |
| STVN Stevanato Group SPA | 3.28% | 1,283,216 | $33.0M | Add +11.9% |
| GMED Globus Medical Inc. Class A | 3.19% | 562,190 | $32.2M | Reduce -6.5% |
| MOD Modine Manufacturing Co. | 3.03% | 214,589 | $30.5M | New |
| WSO Watsco Inc. | 2.82% | 70,182 | $28.4M | Add +31.5% |
| HGTY Hagerty Inc. Class A | 2.70% | 2,261,203 | $27.2M | Add +127.6% |
| CLBT Cellebrite Di Ltd. | 2.57% | 1,398,886 | $25.9M | Reduce -1.9% |
| TREX Trex Company Inc. | 2.44% | 476,311 | $24.6M | Add +11.5% |
| DORM Dorman Products Inc. | 2.32% | 150,003 | $23.4M | Reduce -9.9% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 2.22% | 308,521 | $22.3M | Add +23.5% |
| AX Axos Financial Inc. | 2.20% | 261,492 | $22.1M | Reduce -2.1% |
| TECH Bio-Techne Corp. | 2.08% | 376,977 | $21.0M | Add +10.9% |
| VERX Vertex Inc. Class A | 2.01% | 818,053 | $20.3M | Add +8.0% |
| BWMN Bowman Consulting Group Ltd. | 1.89% | 448,970 | $19.0M | Reduce -12.2% |
| IMAX Imax Corp. | 1.68% | 516,622 | $16.9M | Add +18.4% |
| CRAI Cra International Inc. | 1.60% | 77,459 | $16.2M | Reduce -2.6% |
| RYAN Ryan Specialty Holdings Inc. | 1.55% | 276,311 | $15.6M | Reduce -2.0% |
| IVV iShares Core S&P 500 ETF | 1.49% | 22,368 | $15.0M | Reduce -19.8% |
| RDVT Red Violet Inc. | 1.30% | 251,272 | $13.1M | Add +9.4% |
| OLLI Ollie's Bargain Outlet Holdi | 1.29% | 101,061 | $13.0M | Add +9.7% |
| CHWY Chewy Inc. Class A | 1.21% | 302,100 | $12.2M | Add +10.0% |
| CCC CCC Intelligent Solutions Ho | 1.21% | 1,335,265 | $12.2M | Add +25.1% |
| KBR KBR Inc. | 0.97% | 207,742 | $9.8M | Reduce -13.7% |
| VCTR Victory Capital Holding - A | 0.97% | 151,252 | $9.8M | Reduce -2.2% |
| UTI Universal Technical Institut | 0.96% | 296,009 | $9.6M | Reduce -4.1% |
| DSGX The Descartes Systems Grp | 0.93% | 99,197 | $9.3M | Reduce -0.6% |
| GIL Gildan Activewear Inc. | 0.84% | 146,386 | $8.5M | Add +17.9% |
| FIVE Five Below | 0.74% | 48,005 | $7.4M | New |
| VBNK Versabank | 0.63% | 523,185 | $6.4M | Add +21.8% |
| CDRE Cadre Holdings Inc. | 0.59% | 164,074 | $6.0M | Reduce -1.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.45% | 52,481 | $4.6M | Reduce -3.6% |
| LCII Lci Industries | 0.42% | 45,337 | $4.2M | Reduce -1.9% |
| MAIN Main Street Capital Corp. | 0.40% | 63,403 | $4.0M | Reduce -9.3% |
| IEMG iShares Core MSCI Emerging | 0.38% | 57,612 | $3.8M | No change |
| EUSA iShares MSCI USA Equal Weigh | 0.20% | 20,017 | $2.1M | New |
| RY Royal Bank of Canada | 0.19% | 13,266 | $2.0M | Add +41.0% |
| GIB Cgi Inc. | 0.19% | 21,820 | $1.9M | Add +10.3% |
| SHOP Shopify Inc. Class A | 0.16% | 10,937 | $1.6M | Reduce -21.7% |
| PMTS Cpi Card Group Inc. | 0.15% | 99,567 | $1.5M | Add +87.9% |
| ARX Accelerant Holdings Class A | 0.14% | 93,785 | $1.4M | New |
| CAE Cae Inc. | 0.13% | 43,261 | $1.3M | Add +21.3% |
| CXDO Crexendo Inc. | 0.13% | 195,371 | $1.3M | Add +209.3% |
| FSV Firstservice Corp. | 0.12% | 6,541 | $1.2M | No change |
| CNI Canadian Natl Railway Co. | 0.12% | 12,503 | $1.2M | No change |
| NVDA Nvidia Corp. | 0.09% | 5,013 | $935K | Add +87.5% |
| AAPL Apple Inc. | 0.08% | 3,167 | $806K | Add +44.1% |
| MSFT Microsoft Corp. | 0.08% | 1,532 | $793K | Add +42.0% |
| AEM Agnico Eagle Mines Ltd. | 0.07% | 4,483 | $756K | Reduce -15.8% |
| STN Stantec Inc. | 0.07% | 6,933 | $747K | No change |
| AMZN Amazon.com Inc. | 0.07% | 3,245 | $713K | Add +11.0% |
| WPM Wheaton Precious Metals Corp. | 0.07% | 6,324 | $707K | Reduce -15.2% |
| VEEV Veeva Systems Inc. Class A | 0.07% | 2,263 | $674K | Add +19.2% |
| BN Brookfield Corp. | 0.06% | 14,224 | $650K | No change |
| AGI Alamos Gold Inc. Class A | 0.06% | 18,012 | $628K | Reduce -18.3% |
| CIGI Colliers Intl GR-Subord Vot | 0.06% | 3,808 | $595K | No change |
| GOOGL Alphabet Inc. Class A | 0.06% | 2,398 | $583K | Add +54.0% |
| FERG Ferguson Enterprises Inc. | 0.06% | 2,551 | $573K | Add +19.0% |
| BKTI BK Technologies Corp. | 0.06% | 6,712 | $567K | New |
| ORLY O'reilly Automotive Inc. | 0.05% | 4,973 | $536K | Add +23.3% |
| PGR Progressive Corp. | 0.05% | 2,070 | $511K | Add +30.2% |
| MDB Mongodb Inc. | 0.05% | 1,587 | $493K | Add +39.5% |
| META Meta Platforms Inc. Class A | 0.05% | 655 | $481K | Reduce -1.5% |
| MA Mastercard Inc. Class A | 0.04% | 794 | $452K | Add +23.7% |
| CSGP Costar Group Inc. | 0.04% | 5,205 | $439K | Add +19.5% |
| BSX Boston Scientific Corp. | 0.04% | 4,330 | $423K | Add +9.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.04% | 435 | $421K | Add +32.6% |
| SPOT Spotify Technology SA | 0.04% | 527 | $368K | Add +30.8% |
| IDXX Idexx Laboratories Inc. | 0.03% | 536 | $342K | Add +20.2% |
| LIN Linde PLC | 0.03% | 685 | $325K | Add +7.0% |
| TDG Transdigm Group Inc. | 0.03% | 239 | $315K | Add +17.7% |
| TT Trane Technologies PLC | 0.03% | 715 | $302K | Add +3.0% |
| CDNS Cadence Design SYS Inc. | 0.03% | 788 | $277K | New |
| PSA Public Storage | 0.03% | 932 | $269K | Add +0.5% |
| HD Home Depot Inc. | 0.03% | 660 | $267K | New |
| LLY Eli Lilly & Co. | 0.03% | 344 | $262K | New |
| UNH Unitedhealth Group Inc. | 0.03% | 729 | $252K | New |
| WMT Walmart Inc. | 0.02% | 2,428 | $250K | New |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.02% | 5,797 | $246K | New |
| CPRT Copart Inc. | 0.02% | 5,158 | $232K | New |
| TYL Tyler Technologies Inc. | 0.02% | 390 | $204K | New |
Portfolio Sells Q2 2025 → Q3 2025
| BRKR Bruker Corp. | Sold out | 0.00% | −2.00 |
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −1.33 |
| FSS Federal Signal Corp. | Reduce -20.9% | 3.32% | −1.26 |
| GMED Globus Medical Inc. Class A | Reduce -6.5% | 3.19% | −1.10 |
| IBP Installed Building Products | Reduce -31.9% | 3.52% | −1.09 |
| RYAN Ryan Specialty Holdings Inc. | Reduce -2.0% | 1.55% | −0.77 |
| DSGX The Descartes Systems Grp | Reduce -0.6% | 0.93% | −0.74 |
| IVV iShares Core S&P 500 ETF | Reduce -19.8% | 1.49% | −0.61 |
| KBR KBR Inc. | Reduce -13.7% | 0.97% | −0.42 |
| UTI Universal Technical Institut | Reduce -4.1% | 0.96% | −0.31 |
| AX Axos Financial Inc. | Reduce -2.1% | 2.20% | −0.26 |
| VCTR Victory Capital Holding - A | Reduce -2.2% | 0.97% | −0.22 |
| CRAI Cra International Inc. | Reduce -2.6% | 1.60% | −0.20 |
| CLBT Cellebrite Di Ltd. | Reduce -1.9% | 2.57% | −0.19 |
| DORM Dorman Products Inc. | Reduce -9.9% | 2.32% | −0.15 |
| SHOP Shopify Inc. Class A | Reduce -21.7% | 0.16% | −0.10 |
| MAIN Main Street Capital Corp. | Reduce -9.3% | 0.40% | −0.10 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -3.6% | 0.45% | −0.10 |
| LCII Lci Industries | Reduce -1.9% | 0.42% | −0.09 |
| CDRE Cadre Holdings Inc. | Reduce -1.1% | 0.59% | −0.05 |
| WPM Wheaton Precious Metals Corp. | Reduce -15.2% | 0.07% | −0.04 |
| AGI Alamos Gold Inc. Class A | Reduce -18.3% | 0.06% | −0.03 |
| AEM Agnico Eagle Mines Ltd. | Reduce -15.8% | 0.07% | −0.03 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -1.5% | 0.05% | −0.01 |
| MPWR Monolithic Power Systems Inc. | Reduce -1.9% | 4.93% | +0.06 |
| BWMN Bowman Consulting Group Ltd. | Reduce -12.2% | 1.89% | +0.11 |
| P Everpure Inc. Class A | Reduce -7.4% | 5.54% | +0.53 |
Portfolio Buys Q2 2025 → Q3 2025
| WK Workiva Inc. | New | 3.59% | +3.59 |
| REZI Resideo Technologies Inc. | Add +26.6% | 6.30% | +3.20 |
| MOD Modine Manufacturing Co. | New | 3.03% | +3.03 |
| HGTY Hagerty Inc. Class A | Add +127.6% | 2.70% | +1.49 |
| AAON Aaon Inc. | Add +28.6% | 5.13% | +1.29 |
| FIVE Five Below | New | 0.74% | +0.74 |
| MANH Manhattan Associates Inc. | Add +32.8% | 3.32% | +0.38 |
| EUSA iShares MSCI USA Equal Weigh | New | 0.20% | +0.20 |
| IMAX Imax Corp. | Add +18.4% | 1.68% | +0.20 |
| ARX Accelerant Holdings Class A | New | 0.14% | +0.14 |
| CXDO Crexendo Inc. | Add +209.3% | 0.13% | +0.08 |
| BKTI BK Technologies Corp. | New | 0.06% | +0.06 |
| NVDA Nvidia Corp. | Add +87.5% | 0.09% | +0.04 |
| CDNS Cadence Design SYS Inc. | New | 0.03% | +0.03 |
| HD Home Depot Inc. | New | 0.03% | +0.03 |
| LLY Eli Lilly & Co. | New | 0.03% | +0.03 |
| AAPL Apple Inc. | Add +44.1% | 0.08% | +0.03 |
| UNH Unitedhealth Group Inc. | New | 0.03% | +0.03 |
| WMT Walmart Inc. | New | 0.02% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +54.0% | 0.06% | +0.02 |
| ONON On Holding AG Class A | New | 0.02% | +0.02 |
| CPRT Copart Inc. | New | 0.02% | +0.02 |
| TYL Tyler Technologies Inc. | New | 0.02% | +0.02 |
| MDB Mongodb Inc. | Add +39.5% | 0.05% | +0.02 |
| MSFT Microsoft Corp. | Add +42.0% | 0.08% | +0.01 |
| ASML ASML Holding NV-NY Reg SHS | Add +32.6% | 0.04% | +0.01 |
| ORLY O'reilly Automotive Inc. | Add +23.3% | 0.05% | +0.01 |
| IDXX Idexx Laboratories Inc. | Add +20.2% | 0.03% | +0.01 |
| CSGP Costar Group Inc. | Add +19.5% | 0.04% | +0.00 |
| MA Mastercard Inc. Class A | Add +23.7% | 0.04% | +0.00 |
| VEEV Veeva Systems Inc. Class A | Add +19.2% | 0.07% | +0.00 |
| FERG Ferguson Enterprises Inc. | Add +19.0% | 0.06% | +0.00 |
| PGR Progressive Corp. | Add +30.2% | 0.05% | −0.00 |
| SPOT Spotify Technology SA | Add +30.8% | 0.04% | −0.00 |
| PMTS Cpi Card Group Inc. | Add +87.9% | 0.15% | −0.00 |
| LIN Linde PLC | Add +7.0% | 0.03% | −0.00 |
| TDG Transdigm Group Inc. | Add +17.7% | 0.03% | −0.01 |
| PSA Public Storage | Add +0.5% | 0.03% | −0.01 |
| TT Trane Technologies PLC | Add +3.0% | 0.03% | −0.01 |
| AMZN Amazon.com Inc. | Add +11.0% | 0.07% | −0.01 |
| CCC CCC Intelligent Solutions Ho | Add +25.1% | 1.21% | −0.01 |
| BSX Boston Scientific Corp. | Add +9.3% | 0.04% | −0.01 |
| RY Royal Bank of Canada | Add +41.0% | 0.19% | −0.01 |
| TECH Bio-Techne Corp. | Add +10.9% | 2.08% | −0.03 |
| WSO Watsco Inc. | Add +31.5% | 2.82% | −0.04 |
| CAE Cae Inc. | Add +21.3% | 0.13% | −0.04 |
| SITE Siteone Landscape Supply Inc. | Add +13.1% | 3.89% | −0.05 |
| RDVT Red Violet Inc. | Add +9.4% | 1.30% | −0.06 |
| STVN Stevanato Group SPA | Add +11.9% | 3.28% | −0.11 |
| GIB Cgi Inc. | Add +10.3% | 0.19% | −0.15 |
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 |