Tributary Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 2, 2025), Tributary Capital Management, LLC reported 164 stock positions worth $1.1 billion. Its top holding was Integer (ITGR) at 2.9% of the portfolio, followed by Ollie's Bargain Outlet Holdi (OLLI, 2.8%) and Enpro (NPO, 2.5%). Compared with Q4 2024, it opened 9 new positions, sold out of 56, added to 43 and reduced 110. The biggest buy was a new position in Walker & Dunlop (WD) and the biggest sale Southstate Bank (SSB, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001441888
- Portfolio Value
- $1.1B (Q1 2025)
- SEC Filing
- 0001441888-25-000002 ↗ filed May 2, 2025
Holdings Value
Holdings 164 stocks · $1.1B
| ITGR Integer Holdings Corp. | 2.87% | 278,115 | $32.8M | Reduce -3.3% |
| OLLI Ollie's Bargain Outlet Holdi | 2.79% | 274,110 | $31.9M | Reduce -3.6% |
| NPO Enpro Inc. | 2.54% | 179,302 | $29.0M | Reduce -3.2% |
| SIGI Selective Insurance Group | 2.47% | 309,331 | $28.3M | Reduce -2.8% |
| ESE Esco Technologies Inc. | 2.42% | 174,211 | $27.7M | Reduce -3.5% |
| PATK Patrick Industries Inc. | 2.19% | 296,081 | $25.0M | Reduce -3.5% |
| MC Moelis & Co. Class A | 2.17% | 425,782 | $24.8M | Reduce -3.2% |
| EXLS Exlservice Holdings Inc. | 2.06% | 500,485 | $23.6M | Reduce -22.5% |
| ENOV Enovis Corp. | 2.04% | 611,525 | $23.4M | Add +8.0% |
| KFY Korn Ferry | 2.02% | 341,375 | $23.2M | Reduce -3.5% |
| IDA Idacorp Inc. | 1.99% | 195,700 | $22.7M | Reduce -3.0% |
| STC Stewart Information Services | 1.98% | 317,685 | $22.7M | Reduce -3.5% |
| KFRC Kforce Inc. | 1.98% | 462,268 | $22.6M | Add +9.3% |
| BCPC Balchem Corp. | 1.91% | 131,937 | $21.9M | Reduce -3.2% |
| MMI Marcus & Millichap Inc. | 1.90% | 631,425 | $21.8M | Reduce -3.5% |
| ENS Enersys | 1.86% | 232,795 | $21.3M | Reduce -2.9% |
| AUB Atlantic Union Bankshares Co. | 1.86% | 682,795 | $21.3M | Reduce -3.3% |
| ADUS Addus Homecare Corp. | 1.85% | 214,567 | $21.2M | Add +3.6% |
| MCRI Monarch Casino & Resort Inc. | 1.80% | 265,267 | $20.6M | Reduce -3.5% |
| BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN | 1.78% | 455,524 | $20.4M | Reduce -3.5% |
| ALG Alamo Group Inc. | 1.77% | 113,827 | $20.3M | Reduce -2.4% |
| UMBF Umb Financial Corp. | 1.71% | 193,292 | $19.5M | Reduce -3.2% |
| ICFI Icf International Inc. | 1.65% | 222,711 | $18.9M | Add +5.1% |
| NOG Northern Oil and Gas Inc. | 1.64% | 618,998 | $18.7M | Add +5.2% |
| BHE Benchmark Electronics Inc. | 1.63% | 491,325 | $18.7M | Reduce -14.6% |
| CSW CSW Industrials Inc. | 1.63% | 63,939 | $18.6M | Reduce -3.5% |
| DORM Dorman Products Inc. | 1.61% | 152,905 | $18.4M | Reduce -25.6% |
| BOOT Boot Barn Holdings Inc. | 1.60% | 170,876 | $18.4M | Reduce -21.4% |
| BLKB Blackbaud Inc. | 1.54% | 284,071 | $17.6M | Reduce -3.1% |
| GOLF Acushnet Holdings Corp. | 1.53% | 255,524 | $17.5M | Reduce -3.5% |
| SM SM Energy Co. | 1.53% | 583,013 | $17.5M | Add +4.5% |
| AEIS Advanced Energy Industries | 1.50% | 180,508 | $17.2M | Reduce -3.5% |
| NVEE NV5 Global Inc. | 1.45% | 860,323 | $16.6M | Reduce -9.0% |
| FELE Franklin Electric Co. Inc. | 1.44% | 175,372 | $16.5M | Reduce -3.2% |
| CPK Chesapeake Utilities Corp. | 1.44% | 128,118 | $16.5M | Reduce -3.5% |
| SBCF Seacoast Banking Corp. | 1.42% | 633,134 | $16.3M | Reduce -3.3% |
| POWI Power Integrations Inc. | 1.39% | 315,673 | $15.9M | Reduce -1.4% |
| DIOD Diodes Inc. | 1.39% | 367,306 | $15.9M | Add +25.9% |
| KALU Kaiser Aluminum Corp. | 1.38% | 260,740 | $15.8M | Reduce -3.2% |
| OBK Origin Bancorp Inc. | 1.34% | 441,474 | $15.3M | Reduce -3.3% |
| CTRE Caretrust REIT Inc. | 1.30% | 519,231 | $14.8M | Reduce -3.5% |
| LGIH Lgi Homes Inc. | 1.25% | 215,556 | $14.3M | Add +15.0% |
| NTST Netstreit Corp. | 1.21% | 871,228 | $13.8M | Reduce -2.4% |
| VIAV Viavi Solutions Inc. | 1.21% | 1,233,218 | $13.8M | Reduce -3.5% |
| ADC Agree Realty Corp. | 1.17% | 173,912 | $13.4M | Reduce -2.8% |
| CASS Cass Information Systems Inc. | 1.16% | 307,768 | $13.3M | Reduce -3.5% |
| RAMP Liveramp Holdings Inc. | 1.11% | 487,919 | $12.8M | Reduce -2.8% |
| CTS CTS Corp. | 1.07% | 295,428 | $12.3M | Reduce -3.5% |
| WD Walker & Dunlop Inc. | 1.06% | 141,882 | $12.1M | New |
| AMBA Ambarella Inc. | 1.06% | 240,415 | $12.1M | Reduce -16.4% |
| MBWM Mercantile Bank Corp. | 1.05% | 277,821 | $12.1M | Reduce -3.4% |
| SHO Sunstone Hotel Investors Inc. | 1.05% | 1,280,003 | $12.0M | Reduce -3.5% |
| AMN Amn Healthcare Services Inc. | 1.05% | 490,524 | $12.0M | Add +49.5% |
| UTZ Utz Brands Inc. | 1.02% | 830,722 | $11.7M | New |
| SUPN Supernus Pharmaceuticals Inc. | 0.95% | 331,979 | $10.9M | Reduce -3.5% |
| AVNS Avanos Medical Inc. | 0.92% | 737,202 | $10.6M | Reduce -17.4% |
| SLP Simulations Plus Inc. | 0.84% | 389,908 | $9.6M | Reduce -1.6% |
| COHU Cohu Inc. | 0.79% | 611,372 | $9.0M | Add +3.9% |
| VTLE Vital Energy Inc. | 0.55% | 297,079 | $6.3M | Reduce -30.6% |
| AAPL Apple Inc. | 0.32% | 16,602 | $3.7M | Reduce -3.3% |
| MSFT Microsoft Corp. | 0.28% | 8,471 | $3.2M | Reduce -3.3% |
| NVDA Nvidia Corp. | 0.25% | 26,100 | $2.8M | Reduce -2.9% |
| GOOG Alphabet Inc. Class C | 0.16% | 11,755 | $1.8M | Reduce -6.8% |
| BURL Burlington Stores Inc. | 0.16% | 7,631 | $1.8M | Add +4.3% |
| AMZN Amazon.com Inc. | 0.16% | 9,430 | $1.8M | Reduce -9.6% |
| SF Stifel Financial Corp. | 0.15% | 17,927 | $1.7M | Reduce -3.0% |
| MKL Markel Group Inc. | 0.14% | 842 | $1.6M | Add +4.1% |
| CASY Casey's General Stores Inc. | 0.13% | 3,536 | $1.5M | Add +4.3% |
| BRO Brown & Brown Inc. | 0.12% | 11,482 | $1.4M | Reduce -15.6% |
| TSCO Tractor Supply Company | 0.12% | 25,881 | $1.4M | Reduce -7.4% |
| META Meta Platforms Inc. Class A | 0.12% | 2,435 | $1.4M | Reduce -13.2% |
| RVTY Revvity Inc. | 0.12% | 12,679 | $1.3M | Add +4.2% |
| JLL Jones Lang Lasalle Inc. | 0.11% | 5,240 | $1.3M | Add +4.3% |
| SSB Southstate Bank Corp. | 0.11% | 13,910 | $1.3M | Reduce -93.1% |
| BR Broadridge Financial Solutio | 0.11% | 5,205 | $1.3M | Add +4.0% |
| PTC PTC Inc. | 0.11% | 8,092 | $1.3M | Add +16.6% |
| PR Permian Resources Corp. Class A | 0.11% | 88,415 | $1.2M | Add +4.3% |
| CSL Carlisle Cos Inc. | 0.10% | 3,479 | $1.2M | Add +4.3% |
| LFUS Littelfuse Inc. | 0.10% | 5,857 | $1.2M | Add +3.7% |
| LAMR Lamar Advertising Co. Class A | 0.10% | 10,104 | $1.1M | Add +4.3% |
| CACI Caci International Inc. Class A | 0.10% | 3,098 | $1.1M | Add +4.2% |
| RPM RPM International Inc. | 0.10% | 9,764 | $1.1M | Add +4.2% |
| TTEK Tetra Tech Inc. | 0.10% | 38,423 | $1.1M | Add +4.3% |
| CFR Cullen/Frost Bankers Inc. | 0.10% | 8,854 | $1.1M | Add +4.0% |
| JPM JPMorgan Chase & Co. | 0.09% | 4,025 | $987K | Reduce -20.9% |
| WH Wyndham Hotels & Resorts Inc. | 0.09% | 10,774 | $975K | Add +4.2% |
| LLY Eli Lilly & Co. | 0.08% | 1,160 | $958K | Reduce -12.8% |
| ICLR Icon PLC | 0.08% | 5,279 | $924K | Add +33.6% |
| MOH Molina Healthcare Inc. | 0.08% | 2,801 | $923K | Reduce -33.1% |
| RHI Robert Half Inc. | 0.08% | 16,708 | $911K | Add +23.1% |
| MA Mastercard Inc. Class A | 0.08% | 1,620 | $888K | Reduce -3.0% |
| QLYS Qualys Inc. | 0.07% | 6,699 | $844K | Add +4.3% |
| MZTI The Marzetti Company filed as LANCASTER COLONY CORP | 0.07% | 4,635 | $811K | Add +4.3% |
| LECO Lincoln Electric Holdings | 0.07% | 4,282 | $810K | New |
| NXST Nexstar Media Group Inc. | 0.07% | 4,508 | $808K | Add +4.3% |
| FBIN Fortune Brands Innovations I | 0.07% | 13,215 | $805K | Add +4.3% |
| ONTO Onto Innovation Inc. | 0.07% | 6,349 | $770K | Add +4.2% |
| XOM Exxon Mobil Corp. | 0.07% | 6,415 | $763K | Reduce -19.9% |
| DPZ Domino's Pizza Inc. | 0.07% | 1,653 | $759K | New |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.06% | 9,115 | $731K | Add +4.2% |
Portfolio Sells Q4 2024 → Q1 2025
| SSB Southstate Bank Corp. | Reduce -93.1% | 0.11% | −1.45 |
| BOOT Boot Barn Holdings Inc. | Reduce -21.4% | 1.60% | −0.95 |
| AMBA Ambarella Inc. | Reduce -16.4% | 1.06% | −0.56 |
| VTLE Vital Energy Inc. | Reduce -30.6% | 0.55% | −0.47 |
| DORM Dorman Products Inc. | Reduce -25.6% | 1.61% | −0.45 |
| BHE Benchmark Electronics Inc. | Reduce -14.6% | 1.63% | −0.39 |
| MC Moelis & Co. Class A | Reduce -3.2% | 2.17% | −0.34 |
| AUB Atlantic Union Bankshares Co. | Reduce -3.3% | 1.86% | −0.21 |
| CSW CSW Industrials Inc. | Reduce -3.5% | 1.63% | −0.18 |
| AVNS Avanos Medical Inc. | Reduce -17.4% | 0.92% | −0.18 |
| CTS CTS Corp. | Reduce -3.5% | 1.07% | −0.18 |
| AEIS Advanced Energy Industries | Reduce -3.5% | 1.50% | −0.17 |
| SHO Sunstone Hotel Investors Inc. | Reduce -3.5% | 1.05% | −0.16 |
| EXLS Exlservice Holdings Inc. | Reduce -22.5% | 2.06% | −0.15 |
| BLKB Blackbaud Inc. | Reduce -3.1% | 1.54% | −0.14 |
| POWI Power Integrations Inc. | Reduce -1.4% | 1.39% | −0.14 |
| KALU Kaiser Aluminum Corp. | Reduce -3.2% | 1.38% | −0.08 |
| ITGR Integer Holdings Corp. | Reduce -3.3% | 2.87% | −0.08 |
| GNTX Gentex Corp. | Sold out | 0.00% | −0.08 |
| RAMP Liveramp Holdings Inc. | Reduce -2.8% | 1.11% | −0.07 |
| OSK Oshkosh Corp. | Sold out | 0.00% | −0.05 |
| MMI Marcus & Millichap Inc. | Reduce -3.5% | 1.90% | −0.04 |
| UMBF Umb Financial Corp. | Reduce -3.2% | 1.71% | −0.04 |
| NVDA Nvidia Corp. | Reduce -2.9% | 0.25% | −0.03 |
| CSX CSX Corp. | Reduce -59.0% | 0.02% | −0.03 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -6.8% | 0.16% | −0.03 |
| SYF Synchrony Financial | Reduce -51.4% | 0.02% | −0.03 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.02 |
| UPBD Upbound Group Inc. | Sold out | 0.00% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -9.6% | 0.16% | −0.02 |
| SLP Simulations Plus Inc. | Reduce -1.6% | 0.84% | −0.02 |
| FMC FMC Corp. | Sold out | 0.00% | −0.02 |
| PSX Phillips 66 | Sold out | 0.00% | −0.01 |
| MOH Molina Healthcare Inc. | Reduce -33.1% | 0.08% | −0.01 |
| SUPN Supernus Pharmaceuticals Inc. | Reduce -3.5% | 0.95% | −0.01 |
| MANH Manhattan Associates Inc. | Reduce -4.0% | 0.03% | −0.01 |
| NSSC Napco Security Technologies | Reduce -10.8% | 0.02% | −0.01 |
| AAPL Apple Inc. | Reduce -3.3% | 0.32% | −0.01 |
| BKNG Booking Holdings Inc. | Reduce -25.0% | 0.04% | −0.01 |
| HUM Humana Inc. | Sold out | 0.00% | −0.01 |
| MS Morgan Stanley | Reduce -20.9% | 0.04% | −0.01 |
| EW Edwards Lifesciences Corp. | Reduce -31.5% | 0.03% | −0.01 |
| HD Home Depot Inc. | Reduce -19.3% | 0.05% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -20.9% | 0.09% | −0.01 |
| MSFT Microsoft Corp. | Reduce -3.3% | 0.28% | −0.01 |
| PCT Purecycle Technologies Inc. | Reduce -3.4% | 0.02% | −0.01 |
| RTX RTX Corp. | Reduce -31.5% | 0.06% | −0.01 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.01 |
| TGT Target Corp. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| WD Walker & Dunlop Inc. | New | 1.06% | +1.06 |
| UTZ Utz Brands Inc. | New | 1.02% | +1.02 |
| AMN Amn Healthcare Services Inc. | Add +49.5% | 1.05% | +0.44 |
| ENOV Enovis Corp. | Add +8.0% | 2.04% | +0.12 |
| KFRC Kforce Inc. | Add +9.3% | 1.98% | +0.12 |
| LECO Lincoln Electric Holdings | New | 0.07% | +0.07 |
| DPZ Domino's Pizza Inc. | New | 0.07% | +0.07 |
| BLD Topbuild Corp. | New | 0.06% | +0.06 |
| KO The Coca-Cola Co. | New | 0.06% | +0.06 |
| GLW Corning Inc. | New | 0.03% | +0.03 |
| CASY Casey's General Stores Inc. | Add +4.3% | 0.13% | +0.03 |
| MKL Markel Group Inc. | Add +4.1% | 0.14% | +0.03 |
| TXRH Texas Roadhouse Inc. | New | 0.03% | +0.03 |
| CHD Church & Dwight Co. Inc. | Add +45.8% | 0.06% | +0.02 |
| BR Broadridge Financial Solutio | Add +4.0% | 0.11% | +0.02 |
| SN Sharkninja Inc. | New | 0.02% | +0.02 |
| IR Ingersoll-Rand Inc. | Add +103.0% | 0.04% | +0.02 |
| NXST Nexstar Media Group Inc. | Add +4.3% | 0.07% | +0.02 |
| TMUS T-Mobile US Inc. | Add +47.0% | 0.03% | +0.02 |
| ATO Atmos Energy Corp. | Add +40.1% | 0.04% | +0.02 |
| ICLR Icon PLC | Add +33.6% | 0.08% | +0.02 |
| SUI Sun Communities Inc. | Add +48.9% | 0.03% | +0.02 |
| JLL Jones Lang Lasalle Inc. | Add +4.3% | 0.11% | +0.01 |
| UFPT Ufp Technologies Inc. | Add +174.0% | 0.02% | +0.01 |
| CB Chubb Ltd. | Add +11.0% | 0.05% | +0.01 |
| PR Permian Resources Corp. Class A | Add +4.3% | 0.11% | +0.01 |
| RVTY Revvity Inc. | Add +4.2% | 0.12% | +0.01 |
| MZTI The Marzetti Company | Add +4.3% | 0.07% | +0.01 |
| PTC PTC Inc. | Add +16.6% | 0.11% | +0.01 |
| UTHR United Therapeutics Corp. | Add +50.0% | 0.03% | +0.01 |
| RPM RPM International Inc. | Add +4.2% | 0.10% | +0.01 |
| LAMR Lamar Advertising Co. Class A | Add +4.3% | 0.10% | +0.01 |
| CFR Cullen/Frost Bankers Inc. | Add +4.0% | 0.10% | +0.01 |
| CSL Carlisle Cos Inc. | Add +4.3% | 0.10% | +0.01 |
| CACI Caci International Inc. Class A | Add +4.2% | 0.10% | +0.01 |
| TSLA Tesla Inc. | Add +69.7% | 0.03% | +0.01 |
| RHI Robert Half Inc. | Add +23.1% | 0.08% | +0.01 |
| WH Wyndham Hotels & Resorts Inc. | Add +4.2% | 0.09% | +0.00 |
| QLYS Qualys Inc. | Add +4.3% | 0.07% | +0.00 |
| FBIN Fortune Brands Innovations I | Add +4.3% | 0.07% | +0.00 |
| LFUS Littelfuse Inc. | Add +3.7% | 0.10% | −0.00 |
| BURL Burlington Stores Inc. | Add +4.3% | 0.16% | −0.00 |
| DIOD Diodes Inc. | Add +25.9% | 1.39% | −0.01 |
| MKSI MKS Inc. | Add +4.2% | 0.06% | −0.01 |
| ONTO Onto Innovation Inc. | Add +4.2% | 0.07% | −0.01 |
| TTEK Tetra Tech Inc. | Add +4.3% | 0.10% | −0.02 |
| LGIH Lgi Homes Inc. | Add +15.0% | 1.25% | −0.05 |
| NOG Northern Oil and Gas Inc. | Add +5.2% | 1.64% | −0.06 |
| SM SM Energy Co. | Add +4.5% | 1.53% | −0.15 |
| ADUS Addus Homecare Corp. | Add +3.6% | 1.85% | −0.16 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 135 | $1.2B | NPO, COHU, ESE, DIOD, BHE |
| Q1 2026 | 164 | $1.0B | ESE, NPO, VIAV, MC, AEIS |
| Q4 2025 | 167 | $1.0B | AEIS, ESE, NPO, KALU, MC |
| Q3 2025Amended | 166 | $1.1B | NPO, ESE, AEIS, MC, ITGR |
| Q2 2025 | 164 | $1.1B | NPO, ITGR, ESE, MC, SIGI |
| Q1 2025 | 164 | $1.1B | ITGR, OLLI, NPO, SIGI, ESE |
| Q4 2024 | 211 | $1.3B | ITGR, BOOT, MC, NPO, OLLI |
| Q3 2024 | 210 | $1.3B | ITGR, BOOT, CSW, ICFI, MC |
| Q2 2024 | 213 | $1.2B | ITGR, ICFI, BOOT, OLLI, NPO |
| Q1 2024 | 212 | $1.2B | ITGR, NPO, SIGI, ICFI, SM |