Tributary Capital Management, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Tributary Capital Management, LLC reported 167 stock positions worth $1.0 billion. Its top holding was Advanced Energy Industries (AEIS) at 2.9% of the portfolio, followed by Esco Technologies (ESE, 2.8%) and Enpro (NPO, 2.7%). Compared with Q3 2025, it opened 7 new positions, sold out of 6, added to 20 and reduced 139. The biggest buy was a new position in McGrath Rentcorp (MGRC) and the biggest sale an exit from SM Energy (SM).

Most Recent 13F
Q2 2026
Location
OMAHA, NE
CIK
0001441888
Portfolio Value
$1.0B (Q4 2025)
SEC Filing
0001441888-26-000001 ↗ 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 Q3 2025 Q4 2025: $1.0B $1.0B Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 167 stocks · $1.0B
AEIS Advanced Energy Industries 2.89% 139,959 $29.3M Reduce -18.8%
ESE Esco Technologies Inc. 2.79% 145,136 $28.4M Reduce -6.9%
NPO Enpro Inc. 2.71% 128,399 $27.5M Reduce -19.7%
KALU Kaiser Aluminum Corp. 2.64% 232,880 $26.7M Reduce -6.9%
MC Moelis & Co. Class A 2.50% 369,765 $25.4M Reduce -6.8%
AUB Atlantic Union Bankshares Co. 2.29% 657,791 $23.2M Reduce -7.0%
SBCF Seacoast Banking Corp. 2.24% 724,986 $22.8M Reduce -0.7%
SIGI Selective Insurance Group 2.11% 256,516 $21.5M Reduce -7.2%
IDA Idacorp Inc. 2.03% 163,127 $20.6M Reduce -6.6%
ADUS Addus Homecare Corp. 1.96% 185,187 $19.9M Reduce -7.0%
KFY Korn Ferry 1.85% 284,142 $18.8M Reduce -7.0%
BOOT Boot Barn Holdings Inc. 1.84% 105,790 $18.7M Reduce -18.3%
STC Stewart Information Services 1.83% 264,702 $18.6M Reduce -6.9%
BCPC Balchem Corp. 1.83% 121,009 $18.6M Add +1.9%
VIAV Viavi Solutions Inc. 1.80% 1,027,164 $18.3M Reduce -6.9%
ICFI Icf International Inc. 1.80% 214,020 $18.3M Reduce -7.9%
NOG Northern Oil and Gas Inc. 1.77% 837,685 $18.0M Add +27.7%
ENS Enersys 1.75% 120,975 $17.8M Reduce -7.4%
EXLS Exlservice Holdings Inc. 1.74% 416,347 $17.7M Reduce -6.8%
BHE Benchmark Electronics Inc. 1.72% 409,339 $17.5M Reduce -6.9%
CSW CSW Industrials Inc. 1.71% 59,246 $17.4M Add +3.5%
ITGR Integer Holdings Corp. 1.71% 221,591 $17.4M Reduce -11.3%
MCRI Monarch Casino & Resort Inc. 1.71% 181,098 $17.3M Reduce -7.0%
DIOD Diodes Inc. 1.68% 346,023 $17.1M Add +7.1%
GOLF Acushnet Holdings Corp. 1.67% 212,851 $17.0M Reduce -7.0%
MMI Marcus & Millichap Inc. 1.65% 612,480 $16.7M Reduce -8.5%
COHU Cohu Inc. 1.61% 703,383 $16.4M Reduce -7.5%
CPK Chesapeake Utilities Corp. 1.55% 125,912 $15.7M Reduce -7.0%
PATK Patrick Industries Inc. 1.55% 144,693 $15.7M Reduce -22.1%
ALG Alamo Group Inc. 1.54% 93,093 $15.6M Reduce -8.6%
BLKB Blackbaud Inc. 1.53% 245,682 $15.6M Reduce -2.5%
RAMP Liveramp Holdings Inc. 1.52% 524,868 $15.4M Reduce -0.9%
UMBF Umb Financial Corp. 1.47% 129,530 $14.9M Reduce -6.7%
LFUS Littelfuse Inc. 1.46% 58,394 $14.8M Reduce -6.6%
PLUS Eplus Inc. 1.39% 161,166 $14.1M Add +9.1%
ENOV Enovis Corp. 1.39% 527,707 $14.1M Reduce -8.6%
FELE Franklin Electric Co. Inc. 1.37% 145,752 $13.9M Reduce -6.8%
OBK Origin Bancorp Inc. 1.36% 367,767 $13.8M Reduce -6.9%
PBH Prestige Consumer Healthcare 1.36% 223,537 $13.8M Add +17.8%
SHO Sunstone Hotel Investors Inc. 1.35% 1,537,256 $13.7M Add +14.2%
DORM Dorman Products Inc. 1.33% 109,320 $13.5M Reduce -6.7%
NTST Netstreit Corp. 1.26% 725,786 $12.8M Reduce -7.0%
OLLI Ollie's Bargain Outlet Holdi 1.25% 115,955 $12.7M Reduce -6.5%
KFRC Kforce Inc. 1.15% 377,715 $11.7M Reduce -8.7%
CTS CTS Corp. 1.13% 268,180 $11.5M Add +1.4%
CON Concentra Group Holdings Par 1.10% 566,839 $11.2M Add +12.4%
MBWM Mercantile Bank Corp. 1.10% 231,259 $11.1M Reduce -7.0%
CNMD Conmed Corp. 1.08% 268,896 $10.9M Add +29.4%
POWI Power Integrations Inc. 1.06% 303,221 $10.8M Add +0.2%
CASS Cass Information Systems Inc. 1.05% 256,433 $10.6M Reduce -6.9%
CTRE Caretrust REIT Inc. 0.98% 274,647 $9.9M Reduce -27.6%
IPAR Interparfums Inc. 0.96% 115,311 $9.8M Add +0.9%
UTZ Utz Brands Inc. 0.95% 931,650 $9.7M Add +10.3%
SLP Simulations Plus Inc. 0.94% 520,855 $9.5M Reduce -8.4%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN 0.90% 378,218 $9.1M Reduce -7.2%
MGRC McGrath Rentcorp 0.89% 86,372 $9.1M New
WD Walker & Dunlop Inc. 0.88% 148,534 $8.9M Reduce -8.7%
AMBA Ambarella Inc. 0.75% 107,508 $7.6M Reduce -49.3%
AMN Amn Healthcare Services Inc. 0.59% 380,529 $6.0M Reduce -8.5%
NVDA Nvidia Corp. 0.40% 21,585 $4.0M Reduce -5.4%
AAPL Apple Inc. 0.35% 13,225 $3.6M Reduce -7.1%
MSFT Microsoft Corp. 0.31% 6,570 $3.2M Reduce -3.1%
GOOG Alphabet Inc. Class C 0.31% 9,945 $3.1M Reduce -3.2%
AMZN Amazon.com Inc. 0.21% 9,030 $2.1M Reduce -3.2%
AVGO Broadcom Inc. 0.17% 4,850 $1.7M Add +1.7%
BURL Burlington Stores Inc. 0.16% 5,548 $1.6M Reduce -1.8%
META Meta Platforms Inc. Class A 0.14% 2,220 $1.5M Reduce -3.1%
SF Stifel Financial Corp. 0.13% 10,372 $1.3M Reduce -11.8%
MKL Markel Group Inc. 0.13% 603 $1.3M Reduce -12.6%
CACI Caci International Inc. Class A 0.12% 2,324 $1.2M Reduce -11.9%
JPM JPMorgan Chase & Co. 0.12% 3,670 $1.2M Reduce -2.6%
PTC PTC Inc. 0.11% 6,494 $1.1M Reduce -2.8%
LLY Eli Lilly & Co. 0.11% 1,035 $1.1M Reduce -2.8%
ONTO Onto Innovation Inc. 0.11% 7,000 $1.1M Reduce -1.9%
SSB Southstate Bank Corp. 0.11% 11,644 $1.1M Reduce -1.9%
TTEK Tetra Tech Inc. 0.11% 32,235 $1.1M Reduce -1.6%
LAMR Lamar Advertising Co. Class A 0.11% 8,450 $1.1M Reduce -2.0%
ICLR Icon PLC 0.10% 5,768 $1.1M Reduce -1.8%
PR Permian Resources Corp. Class A 0.10% 73,985 $1.0M Reduce -1.9%
JLL Jones Lang Lasalle Inc. 0.10% 2,914 $980K Reduce -1.9%
CASY Casey's General Stores Inc. 0.10% 1,773 $980K Reduce -30.2%
TSLA Tesla Inc. 0.09% 2,135 $960K Add +40.0%
CFR Cullen/Frost Bankers Inc. 0.09% 7,378 $934K Reduce -2.7%
CSL Carlisle Cos Inc. 0.09% 2,908 $930K Reduce -1.9%
RVTY Revvity Inc. 0.09% 9,456 $915K Reduce -1.5%
BR Broadridge Financial Solutio 0.09% 3,888 $868K Reduce -3.1%
TSCO Tractor Supply Company 0.08% 17,147 $858K Reduce -2.4%
LECO Lincoln Electric Holdings 0.08% 3,575 $857K Reduce -1.8%
RPM RPM International Inc. 0.08% 8,110 $843K Reduce -2.2%
MA Mastercard Inc. Class A 0.08% 1,455 $831K Reduce -3.3%
RTX RTX Corp. 0.08% 4,337 $795K Reduce -2.9%
NXST Nexstar Media Group Inc. 0.08% 3,768 $765K Reduce -1.9%
ADC Agree Realty Corp. 0.07% 10,467 $754K Reduce -1.9%
QLYS Qualys Inc. 0.07% 5,596 $744K Reduce -1.8%
BRO Brown & Brown Inc. 0.07% 9,168 $731K Reduce -2.2%
MZTI The Marzetti Company 0.07% 4,415 $726K Reduce -1.9%
XOM Exxon Mobil Corp. 0.07% 5,825 $701K Reduce -3.3%
WFC Wells Fargo & Co. 0.07% 7,455 $695K Reduce -3.1%
MANH Manhattan Associates Inc. 0.07% 3,988 $691K Reduce -23.2%
WH Wyndham Hotels & Resorts Inc. 0.07% 8,998 $680K Reduce -1.8%

Show all 167 holdings

Portfolio Sells Q3 2025 → Q4 2025
SM SM Energy Co. Sold out 0.00% −1.34
LGIH Lgi Homes Inc. Sold out 0.00% −0.90
AMBA Ambarella Inc. Reduce -49.3% 0.75% −0.83
ITGR Integer Holdings Corp. Reduce -11.3% 1.71% −0.62
NPO Enpro Inc. Reduce -19.7% 2.71% −0.56
WD Walker & Dunlop Inc. Reduce -8.7% 0.88% −0.35
DORM Dorman Products Inc. Reduce -6.7% 1.33% −0.33
ALG Alamo Group Inc. Reduce -8.6% 1.54% −0.22
CTRE Caretrust REIT Inc. Reduce -27.6% 0.98% −0.21
ENOV Enovis Corp. Reduce -8.6% 1.39% −0.20
PATK Patrick Industries Inc. Reduce -22.1% 1.55% −0.19
OLLI Ollie's Bargain Outlet Holdi Reduce -6.5% 1.25% −0.19
ESE Esco Technologies Inc. Reduce -6.9% 2.79% −0.19
ADUS Addus Homecare Corp. Reduce -7.0% 1.96% −0.17
MCRI Monarch Casino & Resort Inc. Reduce -7.0% 1.71% −0.16
ICFI Icf International Inc. Reduce -7.9% 1.80% −0.15
BWIN Baldwin Insurance Group Inc./ Reduce -7.2% 0.90% −0.15
AMN Amn Healthcare Services Inc. Reduce -8.5% 0.59% −0.14
MMI Marcus & Millichap Inc. Reduce -8.5% 1.65% −0.13
BOOT Boot Barn Holdings Inc. Reduce -18.3% 1.84% −0.10
CPK Chesapeake Utilities Corp. Reduce -7.0% 1.55% −0.10
KFY Korn Ferry Reduce -7.0% 1.85% −0.09
MC Moelis & Co. Class A Reduce -6.8% 2.50% −0.06
STC Stewart Information Services Reduce -6.9% 1.83% −0.05
IDA Idacorp Inc. Reduce -6.6% 2.03% −0.05
IWM iShares Russell 2000 ETF Sold out 0.00% −0.04
EXLS Exlservice Holdings Inc. Reduce -6.8% 1.74% −0.04
CASY Casey's General Stores Inc. Reduce -30.2% 0.10% −0.03
FISV Fiserv Inc. Sold out 0.00% −0.03
ZTS Zoetis Inc. Sold out 0.00% −0.03
TKR Timken Co. Sold out 0.00% −0.03
MANH Manhattan Associates Inc. Reduce -23.2% 0.07% −0.03
UMBF Umb Financial Corp. Reduce -6.7% 1.47% −0.02
NTST Netstreit Corp. Reduce -7.0% 1.26% −0.01
PTC PTC Inc. Reduce -2.8% 0.11% −0.01
LFUS Littelfuse Inc. Reduce -6.6% 1.46% −0.01
SO The Southern Co. Reduce -23.9% 0.03% −0.01
GLW Corning Inc. Reduce -28.7% 0.05% −0.01
PCT Purecycle Technologies Inc. Reduce -2.7% 0.02% −0.01
META Meta Platforms Inc. Class A Reduce -3.1% 0.14% −0.01
COST Costco Wholesale Corp. Reduce -14.9% 0.05% −0.01
BRO Brown & Brown Inc. Reduce -2.2% 0.07% −0.01
MTZ Mastec Inc. Reduce -20.1% 0.06% −0.01
NEE Nextera Energy Inc. Reduce -24.6% 0.04% −0.01
HD Home Depot Inc. Reduce -3.7% 0.05% −0.01
TSCO Tractor Supply Company Reduce -2.4% 0.08% −0.01
POOL Pool Corp. Reduce -3.3% 0.02% −0.01
BLD Topbuild Corp. Reduce -21.0% 0.07% −0.01
RPM RPM International Inc. Reduce -2.2% 0.08% −0.01
MSFT Microsoft Corp. Reduce -3.1% 0.31% −0.00

Portfolio Buys Q3 2025 → Q4 2025
MGRC McGrath Rentcorp New 0.89% +0.89
CSW CSW Industrials Inc. Add +3.5% 1.71% +0.46
PLUS Eplus Inc. Add +9.1% 1.39% +0.44
NOG Northern Oil and Gas Inc. Add +27.7% 1.77% +0.30
PBH Prestige Consumer Healthcare Add +17.8% 1.36% +0.29
BCPC Balchem Corp. Add +1.9% 1.83% +0.22
SHO Sunstone Hotel Investors Inc. Add +14.2% 1.35% +0.21
CNMD Conmed Corp. Add +29.4% 1.08% +0.19
CTS CTS Corp. Add +1.4% 1.13% +0.18
CON Concentra Group Holdings Par Add +12.4% 1.10% +0.14
DIOD Diodes Inc. Add +7.1% 1.68% +0.13
AAON Aaon Inc. New 0.07% +0.07
DT Dynatrace Inc. New 0.06% +0.06
SCHW Schwab (charles) Corp. New 0.06% +0.06
TMO Thermo Fisher Scientific Inc. New 0.05% +0.05
MWA Mueller Water Products Inc. Class A New 0.04% +0.04
MIR Mirion Technologies Inc. New 0.03% +0.03
TSLA Tesla Inc. Add +40.0% 0.09% +0.03
UTZ Utz Brands Inc. Add +10.3% 0.95% +0.02
AVGO Broadcom Inc. Add +1.7% 0.17% +0.02
DPZ Domino's Pizza Inc. Add +12.5% 0.07% +0.01
IR Ingersoll-Rand Inc. Add +20.2% 0.05% +0.01
PAYC Paycom Software Inc. Add +25.9% 0.03% +0.00
RHI Robert Half Inc. Add +11.7% 0.06% −0.00
ORCL Oracle Corp. Add +19.1% 0.06% −0.01
POWI Power Integrations Inc. Add +0.2% 1.06% −0.04
IPAR Interparfums Inc. Add +0.9% 0.96% −0.05

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