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

0$500.0M$1.0B$1.5B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.3B Q4 2024 Q1 2025: $1.1B $1.1B Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.0B Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $1.2B Q2 2026

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%
BLD Topbuild Corp. 0.06% 2,361 $720K New
KO The Coca-Cola Co. 0.06% 9,600 $688K New
CHD Church & Dwight Co. Inc. 0.06% 5,950 $655K Add +45.8%
COST Costco Wholesale Corp. 0.06% 685 $648K Reduce -18.4%
RTX RTX Corp. 0.06% 4,857 $643K Reduce -31.5%
ABT Abbott Laboratories 0.05% 4,740 $629K Reduce -28.3%
APH Amphenol Corp. Class A 0.05% 9,445 $619K Reduce -3.3%
QCOM Qualcomm Inc. 0.05% 4,015 $617K Reduce -4.3%
WMT Walmart Inc. 0.05% 7,005 $615K Reduce -18.1%
WM Waste Management Inc. 0.05% 2,615 $605K Reduce -3.7%
LIN Linde PLC 0.05% 1,300 $605K Reduce -3.0%
WFC Wells Fargo & Co. 0.05% 8,220 $590K Reduce -20.6%
HD Home Depot Inc. 0.05% 1,585 $581K Reduce -19.3%
FISV Fiserv Inc. 0.05% 2,630 $581K Reduce -3.3%
AMGN Amgen Inc. 0.05% 1,830 $570K Reduce -3.6%
CB Chubb Ltd. 0.05% 1,870 $565K Add +11.0%
CTAS Cintas Corp. 0.05% 2,640 $543K Reduce -1.5%
TMO Thermo Fisher Scientific Inc. 0.05% 1,045 $520K Reduce -2.8%
MS Morgan Stanley 0.04% 4,385 $512K Reduce -20.9%
CME Cme Group Inc. 0.04% 1,905 $505K Reduce -3.0%
AME Ametek Inc. 0.04% 2,925 $504K Reduce -2.3%
FR First Industrial Realty TR 0.04% 9,310 $502K Reduce -2.9%
SO The Southern Co. 0.04% 5,415 $498K Reduce -3.3%
AMT American Tower Corp. 0.04% 2,250 $490K Reduce -2.4%
ADBE Adobe Inc. 0.04% 1,260 $483K Reduce -3.5%
ATO Atmos Energy Corp. 0.04% 2,880 $445K Add +40.1%
ZTS Zoetis Inc. 0.04% 2,630 $433K Reduce -4.4%
MCO Moody's Corp. 0.04% 915 $426K Reduce -3.2%
MTZ Mastec Inc. 0.04% 3,610 $421K Reduce -3.0%
FAF First American Financial 0.04% 6,375 $418K Reduce -3.4%
FICO Fair Isaac Corp. 0.04% 226 $417K Reduce -2.2%
IR Ingersoll-Rand Inc. 0.04% 5,075 $406K Add +103.0%
BKNG Booking Holdings Inc. 0.04% 87 $401K Reduce -25.0%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.03% 3,105 $399K Add +48.9%
NEE Nextera Energy Inc. 0.03% 5,620 $398K Reduce -5.5%
TMUS T-Mobile US Inc. 0.03% 1,470 $392K Add +47.0%
EOG EOG Resources Inc. 0.03% 3,050 $391K Reduce -11.8%
TSLA Tesla Inc. 0.03% 1,485 $385K Add +69.7%
GLW Corning Inc. 0.03% 8,100 $371K New
LNTH Lantheus Holdings Inc. 0.03% 3,720 $363K Reduce -3.9%
ENTG Entegris Inc. 0.03% 4,102 $359K Reduce -2.6%
EQH Equitable Holdings Inc. 0.03% 6,865 $358K Reduce -28.8%
JAZZ Jazz Pharmaceuticals PLC 0.03% 2,810 $349K No change
FANG Diamondback Energy Inc. 0.03% 2,180 $349K Reduce -3.3%
UTHR United Therapeutics Corp. 0.03% 1,125 $347K Add +50.0%
TKR Timken Co. 0.03% 4,795 $345K Reduce -27.2%
CDW CDW Corp. 0.03% 2,140 $343K Reduce -4.0%
RCL Royal Caribbean Cruises Ltd. 0.03% 1,615 $332K Reduce -2.4%
ORLY O'reilly Automotive Inc. 0.03% 231 $331K Reduce -25.7%
TXRH Texas Roadhouse Inc. 0.03% 1,975 $329K New
POOL Pool Corp. 0.03% 995 $317K Reduce -2.5%
MANH Manhattan Associates Inc. 0.03% 1,790 $310K Reduce -4.0%
EW Edwards Lifesciences Corp. 0.03% 4,125 $299K Reduce -31.5%
LW Lamb Weston Holdings Inc. 0.03% 5,520 $294K Reduce -3.5%
VZ Verizon Communications Inc. 0.03% 6,350 $288K Reduce -5.3%
MCHP Microchip Technology Inc. 0.02% 5,720 $277K Reduce -4.6%
UFPT Ufp Technologies Inc. 0.02% 1,370 $276K Add +174.0%
CSX CSX Corp. 0.02% 8,700 $256K Reduce -59.0%
PCT Purecycle Technologies Inc. 0.02% 36,701 $254K Reduce -3.4%
NSSC Napco Security Technologies 0.02% 10,748 $247K Reduce -10.8%
PAYC Paycom Software Inc. 0.02% 1,115 $244K Reduce -2.6%
SN Sharkninja Inc. 0.02% 2,900 $242K New
SYF Synchrony Financial 0.02% 4,450 $236K Reduce -51.4%
FRAC FIRST HORIZON NATL CORP filed as FIRST HORIZON NAT'L FRACTIONAL 0.00% 540,100 $105 No change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 135$1.2BNPO, COHU, ESE, DIOD, BHE
Q1 2026 164$1.0BESE, NPO, VIAV, MC, AEIS
Q4 2025 167$1.0BAEIS, ESE, NPO, KALU, MC
Q3 2025Amended 166$1.1BNPO, ESE, AEIS, MC, ITGR
Q2 2025 164$1.1BNPO, ITGR, ESE, MC, SIGI
Q1 2025 164$1.1BITGR, OLLI, NPO, SIGI, ESE
Q4 2024 211$1.3BITGR, BOOT, MC, NPO, OLLI
Q3 2024 210$1.3BITGR, BOOT, CSW, ICFI, MC
Q2 2024 213$1.2BITGR, ICFI, BOOT, OLLI, NPO
Q1 2024 212$1.2BITGR, NPO, SIGI, ICFI, SM