Pembroke Management, LTD

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Pembroke Management, LTD reported 97 stock positions worth $691.4 million. Its top holding was Monolithic Power Systems (MPWR) at 5.4% of the portfolio, followed by Resideo Technologies (REZI, 5.4%) and Modine Manufacturing (MOD, 5.2%). Compared with Q4 2025, it opened 14 new positions, sold out of 9, added to 19 and reduced 55. The biggest buy was a new position in Mda Space (MDA) and the biggest sale an exit from Manhattan Associates (MANH).

Most Recent 13F
Q2 2026
Location
Montreal, A8
CIK
0001063497
Portfolio Value
$691.4M (Q1 2026)
SEC Filing
0001172661-26-001845 ↗ filed May 14, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $849.9M Q1 2024 Q2 2024: $744.4M Q2 2024 Q3 2024: $784.1M Q3 2024 Q4 2024: $802.0M Q4 2024 Q1 2025: $685.8M Q1 2025 Q2 2025: $826.7M Q2 2025 Q3 2025: $1.0B Q3 2025 Q4 2025: $967.9M Q4 2025 Q1 2026: $691.4M $691.4M Q1 2026 Q2 2026: $773.7M Q2 2026

Holdings 97 stocks · $691.4M
MPWR Monolithic Power Systems Inc. 5.44% 34,397 $37.6M Reduce -35.3%
REZI Resideo Technologies Inc. 5.44% 1,115,129 $37.6M Reduce -22.8%
MOD Modine Manufacturing Co. 5.20% 165,871 $35.9M Reduce -21.4%
AAON Aaon Inc. 5.15% 430,089 $35.6M Reduce -21.4%
GMED Globus Medical Inc. Class A 5.09% 408,539 $35.2M Reduce -28.3%
CNM Core & Main Inc. Class A 5.05% 706,237 $34.9M Reduce -21.2%
FSS Federal Signal Corp. 4.50% 287,862 $31.1M Reduce -22.7%
P Everpure Inc. Class A 3.90% 456,625 $27.0M Reduce -23.8%
SITE Siteone Landscape Supply Inc. 3.80% 197,474 $26.3M Reduce -24.7%
MDA Mda Space Ltd. 3.57% 974,090 $24.7M New
IBP Installed Building Products 2.88% 75,011 $19.9M Reduce -42.9%
TECH Bio-Techne Corp. 2.81% 372,325 $19.5M Reduce -27.4%
WSO Watsco Inc. 2.73% 51,878 $18.9M Add +10.8%
IMAX Imax Corp. 2.68% 487,918 $18.5M Reduce -5.2%
HGTY Hagerty Inc. Class A 2.65% 1,738,006 $18.3M Reduce -22.0%
LPX Louisiana-Pacific Corp. 2.34% 222,492 $16.2M Add +64.1%
BGSI Boyd Group Services Inc. 2.11% 114,069 $14.6M Reduce -4.5%
IVV iShares Core S&P 500 ETF 2.09% 22,081 $14.4M Reduce -1.0%
WK Workiva Inc. 1.94% 224,900 $13.4M Reduce -52.6%
AX Axos Financial Inc. 1.83% 148,591 $12.6M Reduce -48.5%
ENPH Enphase Energy Inc. 1.66% 302,728 $11.4M New
VBNK Versabank 1.44% 704,776 $10.0M Reduce -4.3%
SAIA Saia Inc. 1.32% 26,006 $9.1M New
DORM Dorman Products Inc. 1.31% 87,121 $9.1M Reduce -44.7%
VSEC Vse Corp. 1.31% 48,962 $9.0M New
CLBT Cellebrite Di Ltd. 1.27% 637,949 $8.8M Reduce -53.8%
DSGX The Descartes Systems Grp 1.07% 103,323 $7.4M Add +2.3%
GIL Gildan Activewear Inc. 1.00% 124,158 $6.9M Reduce -22.0%
CRAI Cra International Inc. 0.99% 42,096 $6.8M Reduce -44.7%
OBE Obsidian Energy Ltd. 0.88% 639,417 $6.1M New
OLLI Ollie's Bargain Outlet Holdi 0.87% 65,535 $6.0M Reduce -41.1%
UTI Universal Technical Institut 0.85% 162,853 $5.9M Reduce -42.5%
HCSG Healthcare Services Group 0.80% 299,085 $5.5M New
VCTR Victory Capital Holding - A 0.78% 82,693 $5.4M Reduce -44.4%
LCII Lci Industries 0.75% 42,026 $5.2M Reduce -28.9%
IEFA iShares Core MSCI Eafe ETF 0.70% 53,462 $4.8M Reduce -1.9%
RDVT Red Violet Inc. 0.67% 133,437 $4.6M Reduce -46.1%
PNTG The Pennant Group Inc. 0.63% 144,017 $4.4M New
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC 0.63% 91,885 $4.3M Reduce -73.2%
CHWY Chewy Inc. Class A 0.63% 160,327 $4.3M Reduce -46.0%
FIVE Five Below 0.62% 18,742 $4.3M Reduce -60.4%
IEMG iShares Core MSCI Emerging 0.56% 55,461 $3.9M Reduce -1.7%
AIR Aar Corp. 0.53% 33,700 $3.7M New
MAIN Main Street Capital Corp. 0.50% 64,937 $3.4M Add +0.6%
TSAT Telesat Corp. 0.49% 92,829 $3.4M New
BROS Dutch Bros Inc. Class A 0.40% 53,977 $2.7M Reduce -44.1%
EUSA iShares MSCI USA Equal Weigh 0.35% 23,623 $2.4M No change
RY Royal Bank of Canada 0.31% 13,266 $2.1M No change
STVN Stevanato Group SPA 0.30% 150,818 $2.1M Reduce -88.1%
BOBS Bob's Discount Furniture 0.30% 175,253 $2.1M New
PRCH Porch Group Inc. 0.28% 271,104 $1.9M New
WCN Waste Connections Inc. 0.25% 10,617 $1.7M Add +60.3%
CAE Cae Inc. 0.25% 65,768 $1.7M Add +6.3%
BWMN Bowman Consulting Group Ltd. 0.21% 51,411 $1.5M Reduce -88.3%
PMTS Cpi Card Group Inc. 0.21% 99,567 $1.4M No change
CWST Casella Waste Systems Inc. Class A 0.20% 17,073 $1.4M Reduce -66.4%
SHOP Shopify Inc. Class A 0.19% 10,937 $1.3M No change
NVDA Nvidia Corp. 0.18% 7,043 $1.2M Reduce -1.8%
CXDO Crexendo Inc. 0.17% 195,371 $1.2M No change
AAPL Apple Inc. 0.15% 4,158 $1.1M Add +2.5%
BKTI BK Technologies Corp. 0.15% 14,100 $1.1M Add +110.1%
GIB Cgi Inc. 0.15% 14,220 $1.0M No change
AMZN Amazon.com Inc. 0.15% 4,832 $1.0M Add +0.9%
AEM Agnico Eagle Mines Ltd. 0.14% 4,627 $939K Add +3.2%
GOOGL Alphabet Inc. Class A 0.13% 3,172 $912K Add +3.0%
FSV Firstservice Corp. 0.13% 6,541 $909K No change
WPM Wheaton Precious Metals Corp. 0.13% 6,597 $864K Add +4.3%
BN Brookfield Corp. 0.12% 21,336 $863K No change
AGI Alamos Gold Inc. Class A 0.12% 18,540 $824K Add +2.9%
FERG Ferguson Enterprises Inc. 0.12% 3,459 $807K Add +1.3%
MSFT Microsoft Corp. 0.10% 1,952 $723K Reduce -4.6%
LIN Linde PLC 0.09% 1,281 $635K Add +9.2%
STN Stantec Inc. 0.09% 6,933 $599K No change
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.08% 442 $584K Reduce -11.1%
TDG Transdigm Group Inc. 0.08% 500 $579K Add +30.9%
WMT Walmart Inc. 0.07% 3,851 $479K Reduce -2.5%
META Meta Platforms Inc. Class A 0.07% 800 $458K Reduce -4.5%
MA Mastercard Inc. Class A 0.07% 911 $455K Reduce -4.6%
LLY Eli Lilly & Co. 0.06% 488 $449K Add +6.1%
ORLY O'reilly Automotive Inc. 0.06% 4,824 $445K Reduce -2.0%
IDXX Idexx Laboratories Inc. 0.06% 724 $407K Reduce -4.4%
ONON On Holding AG Class A filed as ON HLDG AG 0.05% 11,109 $378K Reduce -4.8%
MDB Mongodb Inc. 0.05% 1,483 $363K Reduce -11.3%
RTX RTX Corp. 0.05% 1,710 $330K New
GE General Electric filed as GE AEROSPACE 0.05% 1,146 $325K New
TT Trane Technologies PLC 0.04% 742 $309K Reduce -8.4%
PSA Public Storage 0.04% 1,097 $297K Add +3.8%
CDNS Cadence Design SYS Inc. 0.04% 1,067 $296K Add +7.7%
FCX Freeport-McMoran Inc. 0.04% 5,002 $294K New
HD Home Depot Inc. 0.04% 888 $292K Reduce -11.2%
CPRT Copart Inc. 0.04% 8,601 $286K Reduce -11.2%
SPOT Spotify Technology SA 0.04% 533 $258K Reduce -10.7%
BSX Boston Scientific Corp. 0.03% 3,736 $234K Reduce -11.1%
COST Costco Wholesale Corp. 0.03% 227 $226K Reduce -2.6%
VEEV Veeva Systems Inc. Class A 0.03% 1,218 $214K Reduce -52.5%
PGR Progressive Corp. 0.03% 1,079 $214K Reduce -39.8%
CSGP Costar Group Inc. 0.03% 5,241 $211K Reduce -10.8%

Portfolio Sells Q4 2025 → Q1 2026
MANH Manhattan Associates Inc. Sold out 0.00% −2.99
STVN Stevanato Group SPA Reduce -88.1% 0.30% −2.33
WK Workiva Inc. Reduce -52.6% 1.94% −2.29
QTWO Q2 Holdings Inc. Reduce -73.2% 0.63% −1.93
VERX Vertex Inc. Class A Sold out 0.00% −1.34
CLBT Cellebrite Di Ltd. Reduce -53.8% 1.27% −1.30
BWMN Bowman Consulting Group Ltd. Reduce -88.3% 0.21% −1.29
RYAN Ryan Specialty Holdings Inc. Sold out 0.00% −1.03
RDVT Red Violet Inc. Reduce -46.1% 0.67% −0.79
AX Axos Financial Inc. Reduce -48.5% 1.83% −0.74
DORM Dorman Products Inc. Reduce -44.7% 1.31% −0.69
CDRE Cadre Holdings Inc. Sold out 0.00% −0.67
IBP Installed Building Products Reduce -42.9% 2.88% −0.64
CRAI Cra International Inc. Reduce -44.7% 0.99% −0.59
BGSI Boyd Group Services Inc. Reduce -4.5% 2.11% −0.59
HGTY Hagerty Inc. Class A Reduce -22.0% 2.65% −0.45
CHWY Chewy Inc. Class A Reduce -46.0% 0.63% −0.39
OLLI Ollie's Bargain Outlet Holdi Reduce -41.1% 0.87% −0.39
CWST Casella Waste Systems Inc. Class A Reduce -66.4% 0.20% −0.32
TECH Bio-Techne Corp. Reduce -27.4% 2.81% −0.30
FIVE Five Below Reduce -60.4% 0.62% −0.30
P Everpure Inc. Class A Reduce -23.8% 3.90% −0.25
BROS Dutch Bros Inc. Class A Reduce -44.1% 0.40% −0.22
VCTR Victory Capital Holding - A Reduce -44.4% 0.78% −0.19
OTEX Open Text Corp. Sold out 0.00% −0.09
CIGI Colliers Intl GR-Subord Vot Sold out 0.00% −0.05
GMED Globus Medical Inc. Class A Reduce -28.3% 5.09% −0.05
VEEV Veeva Systems Inc. Class A Reduce -52.5% 0.03% −0.03
TYL Tyler Technologies Inc. Sold out 0.00% −0.03
UNH Unitedhealth Group Inc. Sold out 0.00% −0.03
GIL Gildan Activewear Inc. Reduce -22.0% 1.00% −0.03
SHW The Sherwin-Williams Co. Sold out 0.00% −0.02
MDB Mongodb Inc. Reduce -11.3% 0.05% −0.02
PGR Progressive Corp. Reduce -39.8% 0.03% −0.01
CSGP Costar Group Inc. Reduce -10.8% 0.03% −0.01
BSX Boston Scientific Corp. Reduce -11.1% 0.03% −0.01
ONON On Holding AG Class A Reduce -4.8% 0.05% −0.00
SPOT Spotify Technology SA Reduce -10.7% 0.04% +0.00
CPRT Copart Inc. Reduce -11.2% 0.04% +0.00
MSFT Microsoft Corp. Reduce -4.6% 0.10% +0.00
IDXX Idexx Laboratories Inc. Reduce -4.4% 0.06% +0.01
LCII Lci Industries Reduce -28.9% 0.75% +0.01
HD Home Depot Inc. Reduce -11.2% 0.04% +0.01
META Meta Platforms Inc. Class A Reduce -4.5% 0.07% +0.01
MA Mastercard Inc. Class A Reduce -4.6% 0.07% +0.01
COST Costco Wholesale Corp. Reduce -2.6% 0.03% +0.01
TT Trane Technologies PLC Reduce -8.4% 0.04% +0.01
ORLY O'reilly Automotive Inc. Reduce -2.0% 0.06% +0.02
WMT Walmart Inc. Reduce -2.5% 0.07% +0.02
ASML ASML Holding NV-NY Reg SHS Reduce -11.1% 0.08% +0.03

Portfolio Buys Q4 2025 → Q1 2026
MDA Mda Space Ltd. New 3.57% +3.57
ENPH Enphase Energy Inc. New 1.66% +1.66
SAIA Saia Inc. New 1.32% +1.32
VSEC Vse Corp. New 1.31% +1.31
LPX Louisiana-Pacific Corp. Add +64.1% 2.34% +1.21
WSO Watsco Inc. Add +10.8% 2.73% +1.10
OBE Obsidian Energy Ltd. New 0.88% +0.88
HCSG Healthcare Services Group New 0.80% +0.80
PNTG The Pennant Group Inc. New 0.63% +0.63
AIR Aar Corp. New 0.53% +0.53
TSAT Telesat Corp. New 0.49% +0.49
BOBS Bob's Discount Furniture New 0.30% +0.30
PRCH Porch Group Inc. New 0.28% +0.28
DSGX The Descartes Systems Grp Add +2.3% 1.07% +0.15
BKTI BK Technologies Corp. Add +110.1% 0.15% +0.10
MAIN Main Street Capital Corp. Add +0.6% 0.50% +0.09
WCN Waste Connections Inc. Add +60.3% 0.25% +0.08
AEM Agnico Eagle Mines Ltd. Add +3.2% 0.14% +0.06
CAE Cae Inc. Add +6.3% 0.25% +0.05
WPM Wheaton Precious Metals Corp. Add +4.3% 0.13% +0.05
RTX RTX Corp. New 0.05% +0.05
AGI Alamos Gold Inc. Class A Add +2.9% 0.12% +0.05
GE General Electric New 0.05% +0.05
FCX Freeport-McMoran Inc. New 0.04% +0.04
LIN Linde PLC Add +9.2% 0.09% +0.04
AAPL Apple Inc. Add +2.5% 0.15% +0.04
FERG Ferguson Enterprises Inc. Add +1.3% 0.12% +0.04
GOOGL Alphabet Inc. Class A Add +3.0% 0.13% +0.03
AMZN Amazon.com Inc. Add +0.9% 0.15% +0.03
TDG Transdigm Group Inc. Add +30.9% 0.08% +0.03
PSA Public Storage Add +3.8% 0.04% +0.01
LLY Eli Lilly & Co. Add +6.1% 0.06% +0.01
CDNS Cadence Design SYS Inc. Add +7.7% 0.04% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 100$773.7MP, MOD, AAON, MPWR, FSS
Q1 2026 97$691.4MMPWR, REZI, MOD, AAON, GMED
Q4 2025 92$967.9MREZI, GMED, MPWR, CNM, AAON
Q3 2025 89$1.0BREZI, P, AAON, MPWR, CNM
Q2 2025 78$826.7MCNM, P, MPWR, IBP, FSS
Q1 2025 59$685.8MGMED, CLBT, IBP, CNM, SITE
Q4 2024 60$802.0MGMED, CLBT, VERX, CNM, P
Q3 2024 58$784.1MIBP, GMED, MPWR, CLBT, SITE
Q2 2024 62$744.4MGMED, IBP, MPWR, VERX, P
Q1 2024 61$849.9MIBP, CNM, MPWR, P, GMED