Tributary Capital Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed January 27, 2026), Tributary Capital Management, LLC reported 166 stock positions worth $1.1 billion. Its top holding was Enpro (NPO) at 3.3% of the portfolio, followed by Esco Technologies (ESE, 3.0%) and Advanced Energy Industries (AEIS, 2.7%). Compared with Q2 2025, it opened 12 new positions, sold out of 10, added to 18 and reduced 132. The biggest buy was a new position in Concentra Group Holdings Par (CON) and the biggest sale an exit from NV5 Global (NVEE).

Most Recent 13F
Q2 2026
Location
OMAHA, NE
CIK
0001441888
Portfolio Value
$1.1B (Q3 2025)
SEC Filing
0001441888-26-000002 ↗ filed Jan 27, 2026

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 Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.1B $1.1B Q3 2025 Q4 2025: $1.0B Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 166 stocks · $1.1B
NPO Enpro Inc. 3.27% 159,870 $36.1M Reduce -4.9%
ESE Esco Technologies Inc. 2.98% 155,955 $32.9M Reduce -3.7%
AEIS Advanced Energy Industries 2.65% 172,327 $29.3M Reduce -3.7%
MC Moelis & Co. Class A 2.56% 396,800 $28.3M Reduce -4.4%
ITGR Integer Holdings Corp. 2.34% 249,888 $25.8M Reduce -3.7%
AUB Atlantic Union Bankshares Co. 2.26% 707,120 $25.0M Reduce -4.3%
ADUS Addus Homecare Corp. 2.13% 199,061 $23.5M Add +7.1%
IDA Idacorp Inc. 2.09% 174,665 $23.1M Reduce -4.7%
SIGI Selective Insurance Group 2.03% 276,325 $22.4M Reduce -4.4%
SBCF Seacoast Banking Corp. 2.01% 729,731 $22.2M Reduce -0.3%
ICFI Icf International Inc. 1.95% 232,292 $21.6M Add +13.3%
BOOT Boot Barn Holdings Inc. 1.94% 129,466 $21.5M Reduce -3.7%
KFY Korn Ferry 1.94% 305,612 $21.4M Reduce -3.7%
STC Stewart Information Services 1.89% 284,432 $20.9M Reduce -3.7%
MCRI Monarch Casino & Resort Inc. 1.86% 194,653 $20.6M Reduce -21.1%
EXLS Exlservice Holdings Inc. 1.78% 446,593 $19.7M Reduce -4.8%
MMI Marcus & Millichap Inc. 1.78% 669,547 $19.7M Reduce -3.8%
ALG Alamo Group Inc. 1.76% 101,871 $19.4M Reduce -3.8%
KALU Kaiser Aluminum Corp. 1.75% 250,209 $19.3M Reduce -3.7%
PATK Patrick Industries Inc. 1.74% 185,804 $19.2M Reduce -24.0%
DORM Dorman Products Inc. 1.65% 117,194 $18.3M Reduce -4.7%
CPK Chesapeake Utilities Corp. 1.65% 135,321 $18.2M Reduce -3.7%
GOLF Acushnet Holdings Corp. 1.62% 228,745 $18.0M Reduce -3.7%
BCPC Balchem Corp. 1.61% 118,689 $17.8M Reduce -5.2%
ENOV Enovis Corp. 1.58% 577,241 $17.5M Reduce -4.3%
AMBA Ambarella Inc. 1.58% 211,895 $17.5M Reduce -5.8%
DIOD Diodes Inc. 1.56% 323,120 $17.2M Reduce -3.8%
BHE Benchmark Electronics Inc. 1.53% 439,743 $17.0M Reduce -3.8%
UMBF Umb Financial Corp. 1.49% 138,877 $16.4M Reduce -8.5%
NOG Northern Oil and Gas Inc. 1.47% 656,128 $16.3M Add +23.2%
BLKB Blackbaud Inc. 1.47% 251,871 $16.2M Reduce -5.1%
LFUS Littelfuse Inc. 1.47% 62,535 $16.2M Reduce -5.2%
OLLI Ollie's Bargain Outlet Holdi 1.44% 124,020 $15.9M Reduce -20.8%
COHU Cohu Inc. 1.40% 760,193 $15.5M Add +15.8%
FELE Franklin Electric Co. Inc. 1.35% 156,342 $14.9M Reduce -4.7%
SM SM Energy Co. 1.34% 592,881 $14.8M Add +18.4%
ENS Enersys 1.34% 130,611 $14.8M Reduce -4.6%
RAMP Liveramp Holdings Inc. 1.30% 529,520 $14.4M Add +17.0%
NTST Netstreit Corp. 1.27% 779,962 $14.1M Reduce -3.7%
VIAV Viavi Solutions Inc. 1.27% 1,103,821 $14.0M Reduce -3.5%
CSW CSW Industrials Inc. 1.26% 57,227 $13.9M Reduce -3.8%
OBK Origin Bancorp Inc. 1.23% 395,117 $13.6M Reduce -3.8%
WD Walker & Dunlop Inc. 1.23% 162,641 $13.6M Reduce -3.4%
CTRE Caretrust REIT Inc. 1.19% 379,437 $13.2M Reduce -21.4%
SHO Sunstone Hotel Investors Inc. 1.14% 1,345,853 $12.6M Reduce -3.8%
KFRC Kforce Inc. 1.12% 413,523 $12.4M Reduce -3.5%
POWI Power Integrations Inc. 1.10% 302,706 $12.2M Reduce -4.5%
PBH Prestige Consumer Healthcare 1.07% 189,705 $11.8M Add +28.7%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN 1.04% 407,726 $11.5M Reduce -3.8%
IPAR Interparfums Inc. 1.02% 114,260 $11.2M Add +19.8%
MBWM Mercantile Bank Corp. 1.01% 248,701 $11.2M Reduce -3.7%
CASS Cass Information Systems Inc. 0.98% 275,548 $10.8M Reduce -3.7%
CTS CTS Corp. 0.96% 264,451 $10.6M Reduce -3.7%
CON Concentra Group Holdings Par 0.95% 504,266 $10.6M New
PLUS Eplus Inc. 0.95% 147,797 $10.5M New
UTZ Utz Brands Inc. 0.93% 844,488 $10.3M Reduce -3.4%
LGIH Lgi Homes Inc. 0.90% 193,036 $10.0M Reduce -3.4%
CNMD Conmed Corp. 0.88% 207,836 $9.8M New
SLP Simulations Plus Inc. 0.78% 568,490 $8.6M Add +57.4%
AMN Amn Healthcare Services Inc. 0.73% 415,955 $8.1M Reduce -4.3%
NVDA Nvidia Corp. 0.39% 22,810 $4.3M Reduce -9.8%
AAPL Apple Inc. 0.33% 14,230 $3.6M Reduce -12.2%
MSFT Microsoft Corp. 0.32% 6,780 $3.5M Reduce -16.3%
GOOG Alphabet Inc. Class C 0.23% 10,270 $2.5M Reduce -5.0%
AMZN Amazon.com Inc. 0.19% 9,330 $2.0M Add +0.5%
META Meta Platforms Inc. Class A 0.15% 2,290 $1.7M Reduce -5.0%
AVGO Broadcom Inc. 0.14% 4,770 $1.6M New
BURL Burlington Stores Inc. 0.13% 5,652 $1.4M Reduce -28.7%
CASY Casey's General Stores Inc. 0.13% 2,540 $1.4M Reduce -30.9%
PTC PTC Inc. 0.12% 6,681 $1.4M Reduce -20.6%
SF Stifel Financial Corp. 0.12% 11,764 $1.3M Reduce -36.7%
MKL Markel Group Inc. 0.12% 690 $1.3M Reduce -21.1%
CACI Caci International Inc. Class A 0.12% 2,637 $1.3M Reduce -18.0%
JPM JPMorgan Chase & Co. 0.11% 3,770 $1.2M Reduce -5.2%
SSB Southstate Bank Corp. 0.11% 11,863 $1.2M Reduce -18.1%
TTEK Tetra Tech Inc. 0.10% 32,747 $1.1M Reduce -18.0%
MANH Manhattan Associates Inc. 0.10% 5,191 $1.1M Add +137.0%
LAMR Lamar Advertising Co. Class A 0.10% 8,627 $1.1M Reduce -18.0%
ICLR Icon PLC 0.09% 5,876 $1.0M Reduce -7.8%
TSCO Tractor Supply Company 0.09% 17,566 $999K Reduce -34.6%
RPM RPM International Inc. 0.09% 8,289 $977K Reduce -18.0%
CSL Carlisle Cos Inc. 0.09% 2,963 $975K Reduce -18.0%
PR Permian Resources Corp. Class A 0.09% 75,377 $965K Reduce -18.0%
CFR Cullen/Frost Bankers Inc. 0.09% 7,586 $962K Reduce -17.4%
BR Broadridge Financial Solutio 0.09% 4,012 $956K Reduce -25.5%
ONTO Onto Innovation Inc. 0.08% 7,132 $922K Reduce -18.0%
JLL Jones Lang Lasalle Inc. 0.08% 2,969 $886K Reduce -45.5%
BRO Brown & Brown Inc. 0.08% 9,371 $879K Reduce -13.5%
LECO Lincoln Electric Holdings 0.08% 3,642 $859K Reduce -18.0%
MA Mastercard Inc. Class A 0.08% 1,505 $856K Reduce -4.4%
RVTY Revvity Inc. 0.08% 9,596 $841K Reduce -19.4%
LLY Eli Lilly & Co. 0.07% 1,065 $813K Reduce -5.8%
ORCL Oracle Corp. 0.07% 2,820 $793K New
BLD Topbuild Corp. 0.07% 2,008 $785K Reduce -18.0%
MZTI The Marzetti Company 0.07% 4,498 $777K Reduce -16.9%
NXST Nexstar Media Group Inc. 0.07% 3,839 $759K Reduce -18.0%
ADC Agree Realty Corp. 0.07% 10,664 $758K Reduce -40.3%
QLYS Qualys Inc. 0.07% 5,701 $754K Reduce -18.0%
RTX RTX Corp. 0.07% 4,467 $747K Reduce -6.1%
WH Wyndham Hotels & Resorts Inc. 0.07% 9,167 $732K Reduce -18.0%

Show all 166 holdings

Portfolio Sells Q2 2025 → Q3 2025
NVEE NV5 Global Inc. Sold out 0.00% −1.42
AVNS Avanos Medical Inc. Sold out 0.00% −0.88
SUPN Supernus Pharmaceuticals Inc. Sold out 0.00% −0.86
BWIN Baldwin Insurance Group Inc./ Reduce -3.8% 1.04% −0.57
VTLE Vital Energy Inc. Sold out 0.00% −0.56
ITGR Integer Holdings Corp. Reduce -3.7% 2.34% −0.49
POWI Power Integrations Inc. Reduce -4.5% 1.10% −0.47
KFRC Kforce Inc. Reduce -3.5% 1.12% −0.44
OLLI Ollie's Bargain Outlet Holdi Reduce -20.8% 1.44% −0.39
ALG Alamo Group Inc. Reduce -3.8% 1.76% −0.29
PATK Patrick Industries Inc. Reduce -24.0% 1.74% −0.26
CSW CSW Industrials Inc. Reduce -3.8% 1.26% −0.25
SIGI Selective Insurance Group Reduce -4.4% 2.03% −0.19
BCPC Balchem Corp. Reduce -5.2% 1.61% −0.15
KFY Korn Ferry Reduce -3.7% 1.94% −0.13
CASS Cass Information Systems Inc. Reduce -3.7% 0.98% −0.12
CTRE Caretrust REIT Inc. Reduce -21.4% 1.19% −0.12
MMI Marcus & Millichap Inc. Reduce -3.8% 1.78% −0.12
KALU Kaiser Aluminum Corp. Reduce -3.7% 1.75% −0.09
ENOV Enovis Corp. Reduce -4.3% 1.58% −0.09
CTS CTS Corp. Reduce -3.7% 0.96% −0.08
AMN Amn Healthcare Services Inc. Reduce -4.3% 0.73% −0.07
OBK Origin Bancorp Inc. Reduce -3.8% 1.23% −0.07
QCOM Qualcomm Inc. Sold out 0.00% −0.06
SF Stifel Financial Corp. Reduce -36.7% 0.12% −0.05
MBWM Mercantile Bank Corp. Reduce -3.7% 1.01% −0.05
ADC Agree Realty Corp. Reduce -40.3% 0.07% −0.05
BLKB Blackbaud Inc. Reduce -5.1% 1.47% −0.05
UTZ Utz Brands Inc. Reduce -3.4% 0.93% −0.04
JLL Jones Lang Lasalle Inc. Reduce -45.5% 0.08% −0.04
ADBE Adobe Inc. Sold out 0.00% −0.04
EXLS Exlservice Holdings Inc. Reduce -4.8% 1.78% −0.04
MSFT Microsoft Corp. Reduce -16.3% 0.32% −0.04
BHE Benchmark Electronics Inc. Reduce -3.8% 1.53% −0.04
CASY Casey's General Stores Inc. Reduce -30.9% 0.13% −0.04
MKL Markel Group Inc. Reduce -21.1% 0.12% −0.04
TSCO Tractor Supply Company Reduce -34.6% 0.09% −0.04
BURL Burlington Stores Inc. Reduce -28.7% 0.13% −0.03
VZ Verizon Communications Inc. Sold out 0.00% −0.03
CSL Carlisle Cos Inc. Reduce -18.0% 0.09% −0.03
BR Broadridge Financial Solutio Reduce -25.5% 0.09% −0.03
ENTG Entegris Inc. Sold out 0.00% −0.03
TTEK Tetra Tech Inc. Reduce -18.0% 0.10% −0.03
BRO Brown & Brown Inc. Reduce -13.5% 0.08% −0.03
LNTH Lantheus Holdings Inc. Sold out 0.00% −0.03
RVTY Revvity Inc. Reduce -19.4% 0.08% −0.03
MCRI Monarch Casino & Resort Inc. Reduce -21.1% 1.86% −0.03
LW Lamb Weston Holdings Inc. Sold out 0.00% −0.02
CHD Church & Dwight Co. Inc. Reduce -43.9% 0.03% −0.02
PR Permian Resources Corp. Class A Reduce -18.0% 0.09% −0.02

Portfolio Buys Q2 2025 → Q3 2025
CON Concentra Group Holdings Par New 0.95% +0.95
PLUS Eplus Inc. New 0.95% +0.95
CNMD Conmed Corp. New 0.88% +0.88
ICFI Icf International Inc. Add +13.3% 1.95% +0.41
COHU Cohu Inc. Add +15.8% 1.40% +0.28
SM SM Energy Co. Add +18.4% 1.34% +0.24
ADUS Addus Homecare Corp. Add +7.1% 2.13% +0.23
SLP Simulations Plus Inc. Add +57.4% 0.78% +0.22
AVGO Broadcom Inc. New 0.14% +0.14
NOG Northern Oil and Gas Inc. Add +23.2% 1.47% +0.13
ORCL Oracle Corp. New 0.07% +0.07
EGP Eastgroup Properties Inc. New 0.06% +0.06
RS Reliance Inc. New 0.06% +0.06
MANH Manhattan Associates Inc. Add +137.0% 0.10% +0.06
IWM iShares Russell 2000 ETF New 0.04% +0.04
BNY Bank of New York Mellon Corp. New 0.04% +0.04
MPWR Monolithic Power Systems Inc. New 0.03% +0.03
PBH Prestige Consumer Healthcare Add +28.7% 1.07% +0.03
PSX Phillips 66 New 0.03% +0.03
CSX CSX Corp. Add +80.5% 0.05% +0.03
DG Dollar General Corp. New 0.02% +0.02
TSLA Tesla Inc. Add +2.7% 0.06% +0.02
ANET Arista Networks Inc. Add +1.9% 0.05% +0.02
AMZN Amazon.com Inc. Add +0.5% 0.19% +0.00
RHI Robert Half Inc. Add +15.8% 0.06% −0.00
COST Costco Wholesale Corp. Add +0.8% 0.06% −0.00
FICO Fair Isaac Corp. Add +11.5% 0.03% −0.00
MOH Molina Healthcare Inc. Add +3.5% 0.05% −0.02
RAMP Liveramp Holdings Inc. Add +17.0% 1.30% −0.03
IPAR Interparfums Inc. Add +19.8% 1.02% −0.09

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