Pembroke Management, LTD
Sector Allocation
- Industrials25.1%$203.3M
- Technology22.4%$180.9M
- Consumer Discretionary13.8%$111.6M
- Healthcare12.9%$104.3M
- Other9.3%$75.3M
- Financials8.8%$71.2M
- Communication Services2.1%$16.9M
- Materials2.0%$16.4M
- Energy1.5%$12.0M
- Utilities1.1%$9.2M
AUM History
13fpro.ai/research/fund/pembroke-management-ltd-1063497
Conviction and streaks
Diversifying · top 10 = 37.0%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
- EVERPURE$41.8M
MPWR
$39.7MFSS
$33.0MGMED
$31.4MMDA
$27.7MOLLI
$26.0MMOD
$25.7MVSEC
$25.4MAAON
$25.2MHGTY
$23.6MLGND
$21.7MIMAX
$21.5MCNM
$19.3MSIMO
$18.9MVBNK
$16.2MIBP
$16.0M- ISHARES$15.1M
LPX
$14.5MDSGX
$13.7MSAIA
$13.6M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/pembroke-management-ltd-1063497
Pembroke Management, LTD 13F holdings — Q3 2026
$808.5M portfolio (+26.8% QoQ) · 113 holdings · Q3 2026 13F · top 10 are 37% of the stock portfolio
- 1
EVERPURE INC - CL A
$41.8M
5.2% of stocks
-36%This quarter—Since filed—HeldAIQuality—Est. buy— $39.7M
4.9% of stocks
+11%This quarter-9.0%Since filed11+ qtrsHeld$33.0M
4.1% of stocks
+5%This quarter-2.2%Since filed11+ qtrsHeld$31.4M
3.9% of stocks
+5%This quarter+4.0%Since filed11+ qtrsHeld$27.7M
3.4% of stocks
+84%This quarter-1.3%Since filed3 qtrsHeld$26.0M
3.2% of stocks
+20%This quarter-8.3%Since filed10 qtrsHeld$25.7M
3.2% of stocks
+3%This quarter-13.0%Since filed5 qtrsHeld$25.4M
3.1% of stocks
+3%This quarter-3.8%Since filed3 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 3 qtrs in a row$25.2M
3.1% of stocks
NewThis quarter-5.9%Since filedNew this quarterHeld$23.6M
2.9% of stocks
+3%This quarter+2.8%Since filed8 qtrsHeld
All holdings — Pembroke Management, LTD (Q3 2026)
113 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | LIGAND PHARMACEUTICALS INC | Healthcare | $21.7M | 2.7% | 69K | +72% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | IMAX CORP | Technology | $21.5M | 2.7% | 392K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Core & Main, Inc. | Consumer Discretionary | $19.3M | 2.4% | 465K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Silicon Motion Technology CORPadr | Technology | $18.9M | 2.3% | 67K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | VersaBank | Financials | $16.2M | 2.0% | 728K | -4% | 10 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Installed Building Products, Inc. | Industrials | $16.0M | 2.0% | 84K | +3% | 11+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | — | ISHARES TR - CORE S&P500 ETFetf/fund | — | $15.1M | 1.9% | 20K | -4% | — | — | 13F |
| 18 | LOUISIANA-PACIFIC CORP | Industrials | $14.5M | 1.8% | 224K | +3% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | DESCARTES SYSTEMS GROUP INC | Technology | $13.7M | 1.7% | 170K | +63% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | SAIA INC | Industrials | $13.6M | 1.7% | 41K | +3% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | HEALTHCARE SERVICES GROUP INC | Healthcare | $13.5M | 1.7% | 662K | +26% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | MERIT MEDICAL SYSTEMS INC | Healthcare | $13.4M | 1.6% | 155K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Axos Financial, Inc. | Financials | $12.8M | 1.6% | 148K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | SiteOne Landscape Supply, Inc. | Consumer Discretionary | $12.7M | 1.6% | 141K | +4% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | OBSIDIAN ENERGY LTD. | Energy | $12.0M | 1.5% | 1.16M | +17% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $ENPH | Enphase Energy, Inc. | Technology | $11.8M | 1.5% | 358K | +4% | |||
| 27 | $BGSI | Boyd Group Services Inc. | Consumer Discretionary | $11.7M | 1.4% | 149K | New | |||
| 28 | $GIL | Gildan Activewear Inc. | Consumer Discretionary | $11.2M | 1.4% | 264K | +114% | |||
| 29 | $DORM | Dorman Products, Inc. | Industrials | $10.6M | 1.3% | 86K | +4% | |||
| 30 | $TKR | TIMKEN CO | Industrials | $10.5M | 1.3% | 90K | +21% | |||
| 31 | $WCN | Waste Connections, Inc. | Utilities | $9.2M | 1.1% | 60K | +289% | |||
| 32 | $CAI | Caris Life Sciences, Inc. | Healthcare | $9.2M | 1.1% | 300K | New | |||
| 33 | $WSO | WATSCO INC | Consumer Discretionary | $9.0M | 1.1% | 30K | -41% | |||
| 34 | $PRCH | Porch Group, Inc. | Technology | $7.7M | 0.9% | 462K | +12% | |||
| 35 | $PNTG | Pennant Group, Inc. | Healthcare | $7.4M | 0.9% | 190K | +36% | |||
| 36 | $CRAI | CRA INTERNATIONAL, INC. | Industrials | $7.3M | 0.9% | 45K | +4% | |||
| 37 | $PMTS | CPI Card Group Inc. | Communication Services | $7.0M | 0.9% | 284K | +137% | |||
| 38 | $RDVT | Red Violet, Inc. | Technology | $6.9M | 0.8% | 87K | -35% | |||
| 39 | $VCTR | Victory Capital Holdings, Inc. | Financials | $6.7M | 0.8% | 60K | -25% | |||
| 40 | $CLBT | Cellebrite DI Ltd. | Technology | $6.2M | 0.8% | 549K | New | |||
| 41 | $SHOP | SHOPIFY INC. | Technology | $6.1M | 0.8% | 41K | +289% | |||
| 42 | $CAE | CAE INC | Technology | $6.0M | 0.7% | 249K | New | |||
| 43 | $RY | ROYAL BANK OF CANADA | Financials | $5.8M | 0.7% | 30K | +130% | |||
| 44 | $WPM | Wheaton Precious Metals Corp. | Materials | $5.0M | 0.6% | 37K | +486% | |||
| 45 | — | ISHARES TR - CORE MSCI EAFE | — | $5.0M | 0.6% | 51K | — | |||
| 46 | $BROS | Dutch Bros Inc. | Consumer Discretionary | $4.6M | 0.6% | 119K | +4% | |||
| 47 | — | VERSIGENT PLC - ORDINARY SHARES | — | $4.5M | 0.6% | 100K | +29% | |||
| 48 | $ESQ | Esquire Financial Holdings, Inc. | Financials | $4.4M | 0.6% | 38K | +56% | |||
| 49 | $RBA | RB GLOBAL INC. | Industrials | $4.4M | 0.6% | 54K | +290% | |||
| 50 | $RGEN | REPLIGEN CORP | Healthcare | $4.2M | 0.5% | 22K | +37% | |||
| 51 | $TSAT | Telesat Corp | Communication Services | $4.2M | 0.5% | 90K | -2% | |||
| 52 | $OUST | Ouster, Inc. | Industrials | $4.0M | 0.5% | 99K | +26% | |||
| 53 | $MAIN | Main Street Capital CORP | Other | $3.8M | 0.5% | 69K | +4% | |||
| 54 | $AGI | ALAMOS GOLD INC | Materials | $3.6M | 0.4% | 111K | New | |||
| 55 | $BOBS | Bob's Discount Furniture, Inc. | Consumer Discretionary | $3.6M | 0.4% | 257K | New | |||
| 56 | $AIR | AAR CORP | Industrials | $3.5M | 0.4% | 34K | New | |||
| 57 | $LTH | Life Time Group Holdings, Inc. | Communication Services | $3.4M | 0.4% | 86K | +4% | |||
| 58 | $HBM | Hudbay Minerals Inc. | Materials | $3.4M | 0.4% | 127K | +290% | |||
| 59 | $BN | BROOKFIELD Corp /ON/ | Real Estate | $3.3M | 0.4% | 92K | New | |||
| 60 | $AEM | AGNICO EAGLE MINES LTD | Materials | $3.2M | 0.4% | 17K | New | |||
| 61 | $FSV | FirstService Corp | Real Estate | $3.1M | 0.4% | 25K | +288% | |||
| 62 | $ELVA | Electrovaya Inc. | Technology | $3.0M | 0.4% | 459K | New | |||
| 63 | — | ISHARES INC - MSCI EQUAL WEITE | — | $2.8M | 0.3% | 25K | +8% | |||
| 64 | $EFXT | Enerflex Ltd. | Industrials | $2.8M | 0.3% | 123K | New | |||
| 65 | $FIVE | FIVE BELOW, INC | Consumer Discretionary | $2.7M | 0.3% | 12K | -31% | |||
| 66 | $REZI | RESIDEO TECHNOLOGIES, INC. | Consumer Discretionary | $2.7M | 0.3% | 147K | -87% | |||
| 67 | $TYL | TYLER TECHNOLOGIES INC | Technology | $2.6M | 0.3% | 8,313 | New | |||
| 68 | $EXLS | ExlService Holdings, Inc. | Industrials | $2.6M | 0.3% | 77K | New | |||
| 69 | $UTI | UNIVERSAL TECHNICAL INSTITUTE INC | Consumer Discretionary | $2.6M | 0.3% | 140K | +1% | |||
| 70 | $AXGN | Axogen, Inc. | Healthcare | $2.2M | 0.3% | 53K | New | |||
| 71 | $ADIG | ADI GLOBAL DISTRIBUTION INC. | Consumer Discretionary | $1.8M | 0.2% | 98K | New | |||
| 72 | $CXDO | Crexendo, Inc. | Communication Services | $1.7M | 0.2% | 295K | +61% | |||
| 73 | $NVDA | NVIDIA CORP | Technology | $1.7M | 0.2% | 7,325 | +4% | |||
| 74 | — | ISHARES INC - CORE MSCI EMKT | — | $1.7M | 0.2% | 20K | -57% | |||
| 75 | $BKTI | BK Technologies Corp | Technology | $1.6M | 0.2% | 22K | New | |||
| 76 | $AAPL | Apple Inc. | Technology | $1.4M | 0.2% | 4,325 | New | |||
| 77 | $ASML | ASML HOLDING NV | Technology | $1.4M | 0.2% | 775 | New | |||
| 78 | $AMZN | AMAZON COM INC | Consumer Discretionary | $1.3M | 0.2% | 5,364 | New | |||
| 79 | $MSFT | MICROSOFT CORP | Technology | $1.2M | 0.1% | 2,253 | +16% | |||
| 80 | $GOOGL | Alphabet Inc. | Technology | $1.1M | 0.1% | 3,300 | New | |||
| 81 | $FERG | Ferguson Enterprises Inc. /DE/ | Consumer Discretionary | $801K | 0.1% | 3,598 | +4% | |||
| 82 | $LIN | LINDE PLC | Materials | $633K | 0.1% | 1,333 | +4% | |||
| 83 | $MA | Mastercard Inc | Financials | $606K | 0.1% | 1,098 | +21% | |||
| 84 | $META | Meta Platforms, Inc. | Technology | $604K | 0.1% | 833 | +4% | |||
| 85 | $SPOT | Spotify Technology S.A. | Communication Services | $594K | 0.1% | 1,219 | +61% | |||
| 86 | $LLY | ELI LILLY & Co | Healthcare | $588K | 0.1% | 508 | +4% | |||
| 87 | $TDG | TransDigm Group INC | Industrials | $564K | 0.1% | 521 | +4% | |||
| 88 | $MDB | MongoDB, Inc. | Technology | $538K | 0.1% | 1,543 | +4% | |||
| 89 | $ONON | On Holding AG | Consumer Discretionary | $523K | 0.1% | 18K | +59% | |||
| 90 | $ARM | ARM HOLDINGS PLC /UK | Technology | $513K | 0.1% | 1,771 | New | |||
| 91 | $ORLY | O REILLY AUTOMOTIVE INC | Consumer Discretionary | $429K | 0.1% | 5,018 | +4% | |||
| 92 | $ING | ING GROEP NV | Financials | $422K | 0.1% | 12K | New | |||
| 93 | $WMT | Walmart Inc. | Consumer Staples | $416K | 0.1% | 4,006 | +4% | |||
| 94 | $TT | Trane Technologies plc | Technology | $414K | 0.1% | 916 | +24% | |||
| 95 | — | ISHARES TR - INTL DIV GRWTH | — | $406K | 0.1% | 4,572 | New | |||
| 96 | $IDXX | IDEXX LABORATORIES INC /DE | Healthcare | $393K | 0.1% | 753 | +4% | |||
| 97 | $GE | GENERAL ELECTRIC CO | Industrials | $372K | 0.1% | 1,192 | +4% | |||
| 98 | $CDNS | CADENCE DESIGN SYSTEMS INC | Technology | $367K | 0.1% | 1,111 | New | |||
| 99 | $FCX | FREEPORT-MCMORAN INC | Materials | $364K | 0.1% | 5,202 | +4% | |||
| 100 | $APG | APi Group Corp | Industrials | $363K | 0.0% | 9,416 | New | |||
| 101 | $CB | Chubb Ltd | Financials | $358K | 0.0% | 1,100 | New | |||
| 102 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $347K | 0.0% | 760 | New | |||
| 103 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $337K | 0.0% | 919 | +25% | |||
| 104 | $RTX | RTX Corp | Industrials | $330K | 0.0% | 1,779 | +4% | |||
| 105 | $PSA | Public Storage | Real Estate | $323K | 0.0% | 1,141 | +4% | |||
| 106 | $CPRT | COPART INC | Consumer Discretionary | $285K | 0.0% | 10K | New | |||
| 107 | $ODFL | OLD DOMINION FREIGHT LINE, INC. | Industrials | $276K | 0.0% | 1,585 | +4% | |||
| 108 | $SAP | SAP SE | Technology | $271K | 0.0% | 1,300 | New | |||
| 109 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $263K | 0.0% | 924 | +4% | |||
| 110 | $PGR | PROGRESSIVE CORP/OH/ | Financials | $234K | 0.0% | 1,127 | +4% | |||
| 111 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $216K | 0.0% | 237 | +4% | |||
| 112 | $SHW | SHERWIN WILLIAMS CO | Materials | $209K | 0.0% | 648 | +4% | |||
| 113 | — | ISHARES TR - CORE DIV GRWTH | — | $204K | 0.0% | 2,702 | New |
What changed in Q3 2026
Against the previous quarter's 13F: 36 new, 66 added to, 10 trimmed, 1 sold out. Share-count changes; largest moves by dollar size first.
New positions (36)
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
$MMSIMERIT MEDICAL SYSTEMS INC$13.4M
first bought this quarter
$AXAxos Financial, Inc.$12.8M
first bought this quarter
+30 more in the Excel export
Added to (66)
now $27.7M · held 3 qtrs
now $21.7M · held 2 qtrs, 2 adds in a row
$WCNWaste Connections, Inc.+289%
now $9.2M · held 4 qtrs, 4 adds in a row
$GILGildan Activewear Inc.+114%
now $11.2M · held 10 qtrs
now $13.7M · held 11+ qtrs
$SHOPSHOPIFY INC.+289%
now $6.1M · held 11+ qtrs
+60 more in the Excel export
Trimmed (10)
- EVERPURE INC - CL A-36%
now $41.8M
$REZIRESIDEO TECHNOLOGIES, INC.-87%
now $2.7M · held 9 qtrs
$WSOWATSCO INC-41%
now $9.0M · held 11+ qtrs, 2 trims in a row
$RDVTRed Violet, Inc.-35%
now $6.9M · held 9 qtrs
$VCTRVictory Capital Holdings, Inc.-25%
now $6.7M · held 10 qtrs, 7 trims in a row
- ISHARES INC - CORE MSCI EMKT-57%
now $1.7M
+4 more in the Excel export
Sold out (1)
$WINGWingstop Inc.was $4.5M
held 1 qtr
Holdings by quarter
Every 13F Pembroke Management, LTD has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow Pembroke Management, LTD?
Q3 2026 13F filed with the SEC on Oct 21, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Pembroke Management, LTD's top 20 holdings: 62/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-4.0%
Value-weighted move of the 10 largest stock positions
Turnover
9%
Last quarter; 46% over the last 4
Top 10 weight
37%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
50%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Pembroke Management, LTD disclosed 113 positions worth $808.5M in its Form 13F-HR for Q3 2026, followed by $MPWR and $FSS. During the quarter the fund opened 36 new positions and exited 1 — including a new stake in $AAON and a full exit from $WING. The portfolio is most concentrated in Industrials (25.1% of disclosed assets). All figures are sourced directly from Pembroke Management, LTD’s Form 13F-HR filing with the SEC under CIK 1063497.
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