Grandeur Peak Global Advisors LLC's Q1 2023 13F: 10 new positions, 13 exits
Form 13F-HR for the quarter ended Mar 31, 2023 · filed May 12, 2023 · 110 reported positions · accession 0001569137-23-000003
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | Bank of NT Butterfield&Son (NTB) | 4.2% | 0.7% | −3.6 pts | −1.99M sh | −83% |
| Exited | First Rep Bk San Francisco C (FRCB) | 2.8% | — | −2.8 pts | −393K sh | −100% |
| Exited | Ritchie Bros Auctioneers Inc (RBA) | 1.7% | — | −1.7 pts | −491K sh | −100% |
| Increased | Endava PLC (DAVA) | 11.7% | 11.8% | +0.1 pts | +305K sh | +12% |
| Exited | SVB Financial Group (SIVBQ) | 1.1% | — | −1.1 pts | −81,618 sh | −100% |
| Exited | O2Micro International Ltd (OIIM) | 1.1% | — | −1.1 pts | −3.97M sh | −100% |
| Increased | Globant SA (GLOB) | 8.9% | 9.6% | +0.7 pts | +67,773 sh | +8% |
| Increased | Crowdstrike Holdings Inc (CRWD) | 0.2% | 0.8% | +0.6 pts | +65,947 sh | +243% |
| Reduced | Genpact Ltd (G) | 7.3% | 7.0% | −0.3 pts | −195K sh | −7% |
| Increased | DigitalOcean Holdings Inc (DOCN) | 0.2% | 0.8% | +0.6 pts | +217K sh | +209% |
| Increased | Abcam PLC (ABCZF) | 3.0% | 3.2% | +0.2 pts | +601K sh | +19% |
| Reduced | Glacier Bancorp Inc (GBCI) | 0.8% | 0.2% | −0.6 pts | −188K sh | −70% |
| Increased | NV5 Global Inc (NVEE) | 0.4% | 0.8% | +0.4 pts | +73,864 sh | +130% |
| New | Blue Owl Capital Inc (OWL) | — | 0.4% | +0.4 pts | +647K sh | new |
| Reduced | Littelfuse Inc (LFUS) | 3.2% | 3.6% | +0.4 pts | −22,501 sh | −9% |
| Reduced | Monolithic Pwr Sys Inc (MPWR) | 2.5% | 3.4% | +0.8 pts | −10,982 sh | −9% |
| Increased | EPAM Systems Inc (EPAM) | 2.3% | 2.5% | +0.2 pts | +17,934 sh | +15% |
| Reduced | Rapid7 Inc (RPD) | 0.3% | 0.0% | −0.2 pts | −115K sh | −91% |
| New | Ares Management Corp (ARES) | — | 0.3% | +0.3 pts | +57,292 sh | new |
| Increased | Cloudflare Inc (NET) | 0.7% | 1.3% | +0.6 pts | +71,018 sh | +26% |
| Reduced | Esquire Finl Hldgs Inc (ESQ) | 0.4% | 0.1% | −0.3 pts | −111K sh | −75% |
| New | Cactus Inc (WHD) | — | 0.3% | +0.3 pts | +101K sh | new |
| New | HealthEquity Inc (HQY) | — | 0.2% | +0.2 pts | +59,926 sh | new |
| Reduced | Global Industrial Co (GIC) | 1.3% | 1.3% | 0.0 pts | −130K sh | −14% |
| Increased | Houlihan Lokey Inc (HLI) | 0.0% | 0.2% | +0.2 pts | +39,300 sh | +552% |
| Reduced | Heska Corp (HSKA) | 1.0% | 1.4% | +0.4 pts | −33,824 sh | −13% |
| New | Hingham Instn Svgs Mass (HIFS) | — | 0.2% | +0.2 pts | +13,642 sh | new |
| Reduced | Paycom Software Inc (PAYC) | 1.5% | 1.3% | −0.2 pts | −10,270 sh | −13% |
| Increased | ICON PLC (ICLR) | 3.3% | 4.0% | +0.6 pts | +13,733 sh | +5% |
| Exited | Bank Hawaii Corp (BOH) | 0.2% | — | −0.2 pts | −36,895 sh | −100% |
| Increased | JFrog Ltd (FROG) | 2.1% | 2.2% | +0.1 pts | +136K sh | +8% |
| Reduced | WNS Holdings Ltd (WNS) | 5.9% | 6.9% | +1.0 pts | −26,173 sh | −2% |
| Reduced | Align Technology Inc (ALGN) | 0.8% | 1.1% | +0.3 pts | −6,829 sh | −11% |
| Increased | QIAGEN NV (QGEN) | 1.9% | 1.9% | 0.0 pts | +48,804 sh | +8% |
| Exited | Coastal Financial Corp WA (CCB) | 0.1% | — | −0.1 pts | −45,628 sh | −100% |
| Reduced | Gildan Activewear Inc (GIL) | 1.5% | 1.7% | +0.2 pts | −62,722 sh | −7% |
| Reduced | TriMas Corp (TRS) | 0.5% | 0.4% | −0.1 pts | −71,003 sh | −24% |
| Increased | Bill Com Hldgs Inc (BILL) | 0.2% | 0.3% | +0.1 pts | +23,719 sh | +88% |
| Increased | Tradeweb Markets Inc (TW) | 0.2% | 0.4% | +0.2 pts | +21,921 sh | +38% |
| Increased | Coupang Inc (CPNG) | 0.0% | 0.1% | +0.1 pts | +107K sh | +365% |
| Reduced | LeMaitre Vascular Inc (LMAT) | 0.6% | 0.6% | 0.0 pts | −32,978 sh | −14% |
| Reduced | HubSpot Inc (HUBS) | 0.7% | 1.0% | +0.3 pts | −3,790 sh | −9% |
| Increased | Moelis & Co (MC) | 0.1% | 0.2% | +0.1 pts | +42,139 sh | +84% |
| Exited | Trex Co Inc (TREX) | 0.1% | — | −0.1 pts | −37,869 sh | −100% |
| Reduced | IDEXX Labs Inc (IDXX) | 0.4% | 0.4% | 0.0 pts | −2,911 sh | −18% |
| Reduced | HDFC Bank Ltd (HDB) | 0.8% | 0.7% | −0.1 pts | −20,000 sh | −10% |
| Increased | Doximity Inc (DOCS) | 0.0% | 0.1% | +0.1 pts | +40,362 sh | +302% |
| Reduced | Bio-Techne Corp (TECH) | 0.2% | 0.1% | −0.1 pts | −15,574 sh | −42% |
| Reduced | Power Integrations Inc (POWI) | 0.4% | 0.4% | 0.0 pts | −12,627 sh | −13% |
| New | Western Alliance Bancorp (WAL) | — | 0.1% | +0.1 pts | +30,000 sh | new |
The 50 largest of 108 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 57.1% of the equity book
Changes in the top 10 this quarter: MPWR entered · NTB left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Endava PLC (DAVA) | 11.7% | 11.8% | |
| 2 | Globant SA (GLOB) | 8.9% | 9.6% | |
| 3 | Genpact Ltd (G) | 7.3% | 7.0% | |
| 4 | WNS Holdings Ltd (WNS) | 5.9% | 6.9% | |
| 5 | Lululemon Athletica Inc (LULU) | 3.5% | 4.1% | |
| 6 | ICON PLC (ICLR) | 3.3% | 4.0% | |
| 7 | Littelfuse Inc (LFUS) | 3.2% | 3.6% | |
| 8 | Patria Investments Ltd (PAX) | 3.2% | 3.5% | |
| 9 | Monolithic Pwr Sys Inc (MPWR) | 2.5% | 3.4% | Entered the top 10 |
| 10 | Abcam PLC (ABCZF) | 3.0% | 3.2% | |
| — | Bank of NT Butterfield&Son (NTB) | 4.2% | 0.7% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).