Grandeur Peak Global Advisors LLC's Q4 2024 13F: 13 new positions, 20 exits
Form 13F-HR for the quarter ended Dec 31, 2024 · filed Feb 13, 2025 · 126 reported positions · accession 0001569137-25-000002
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | QIAGEN NV (QGEN) | 3.0% | 1.4% | −1.6 pts | −438K sh | −55% |
| Increased | ICON PLC (ICLR) | 1.6% | 2.7% | +1.1 pts | +79,643 sh | +121% |
| Reduced | Cloudflare Inc (NET) | 2.7% | 2.5% | −0.2 pts | −146K sh | −36% |
| Reduced | PJT Partners Inc (PJT) | 1.5% | 0.5% | −1.0 pts | −98,163 sh | −73% |
| Reduced | Globant SA (GLOB) | 6.7% | 6.5% | −0.2 pts | −65,637 sh | −16% |
| Reduced | Patria Investments Ltd (PAX) | 3.2% | 2.4% | −0.8 pts | −1.16M sh | −34% |
| Increased | Monolithic Pwr Sys Inc (MPWR) | 3.0% | 3.3% | +0.2 pts | +22,634 sh | +57% |
| Increased | Marex Group PLC (MRX) | 1.4% | 3.0% | +1.6 pts | +380K sh | +54% |
| Reduced | Endava PLC (DAVA) | 1.7% | 1.2% | −0.5 pts | −369K sh | −46% |
| Exited | Nova Ltd (NVMI) | 0.9% | — | −0.9 pts | −52,130 sh | −100% |
| Increased | Core & Main Inc (CNM) | 0.5% | 1.5% | +1.0 pts | +194K sh | +137% |
| Reduced | SiTime Corp (SITM) | 1.0% | 0.5% | −0.5 pts | −42,083 sh | −59% |
| Exited | Dorman Products Inc (DORM) | 0.8% | — | −0.8 pts | −83,492 sh | −100% |
| Reduced | Five Below Inc (FIVE) | 1.6% | 1.2% | −0.3 pts | −83,684 sh | −39% |
| Reduced | Etsy Inc (ETSY) | 0.8% | 0.0% | −0.7 pts | −161K sh | −95% |
| Increased | Enerpac Tool Group Corp (EPAC) | 0.1% | 0.8% | +0.7 pts | +192K sh | +1198% |
| Increased | SPS Commerce Inc (SPSC) | 0.1% | 0.8% | +0.7 pts | +41,029 sh | +465% |
| Exited | PACS Group Inc (PACS) | 0.7% | — | −0.7 pts | −201K sh | −100% |
| New | Boot Barn Holdings Inc (BOOT) | — | 0.6% | +0.6 pts | +48,187 sh | new |
| Reduced | JFrog Ltd (FROG) | 6.4% | 6.4% | −0.1 pts | −232K sh | −9% |
| Reduced | Lululemon Athletica Inc (LULU) | 5.3% | 7.4% | +2.1 pts | −16,523 sh | −7% |
| Reduced | Perella Weinberg Partners (PWP) | 1.4% | 1.3% | −0.1 pts | −252K sh | −29% |
| Reduced | Insulet Corp (PODD) | 0.4% | 0.1% | −0.4 pts | −20,605 sh | −89% |
| Exited | Evercore Inc (EVR) | 0.5% | — | −0.5 pts | −22,291 sh | −100% |
| Reduced | Elastic NV (ESTC) | 2.9% | 3.5% | +0.6 pts | −53,159 sh | −12% |
| Increased | Primoris Svcs Corp (PRIM) | 0.5% | 1.2% | +0.6 pts | +63,409 sh | +57% |
| Reduced | Littelfuse Inc (LFUS) | 3.7% | 3.1% | −0.6 pts | −20,153 sh | −12% |
| Exited | WillScot Holdings Corp (WSC) | 0.4% | — | −0.4 pts | −129K sh | −100% |
| Reduced | Qualys Inc (QLYS) | 0.9% | 0.7% | −0.2 pts | −31,866 sh | −36% |
| New | Ryan Specialty Holdings Inc (RYAN) | — | 0.4% | +0.4 pts | +65,943 sh | new |
| Reduced | Houlihan Lokey Inc (HLI) | 0.5% | 0.2% | −0.3 pts | −23,889 sh | −68% |
| Reduced | Align Technology Inc (ALGN) | 0.5% | 0.1% | −0.4 pts | −19,356 sh | −85% |
| Exited | Atmus Filtration Technologies (ATMU) | 0.3% | — | −0.3 pts | −109K sh | −100% |
| Reduced | Charles Riv Labs Intl Inc (CRL) | 0.8% | 0.5% | −0.3 pts | −20,488 sh | −41% |
| Reduced | Ulta Beauty Inc (ULTA) | 0.4% | 0.1% | −0.3 pts | −8,649 sh | −71% |
| Reduced | Herc Holdings Inc (HRI) | 0.6% | 0.4% | −0.2 pts | −19,864 sh | −43% |
| New | Mama's Creations Inc (MAMA) | — | 0.3% | +0.3 pts | +471K sh | new |
| Increased | BBB Foods Inc (TBBB) | 3.2% | 3.5% | +0.4 pts | +130K sh | +10% |
| New | Upwork Inc (UPWK) | — | 0.3% | +0.3 pts | +224K sh | new |
| Reduced | Ares Management Corp (ARES) | 0.7% | 0.6% | −0.2 pts | −20,045 sh | −35% |
| Reduced | DigitalOcean Holdings Inc (DOCN) | 1.2% | 0.8% | −0.4 pts | −104K sh | −29% |
| Increased | Ensign Group Inc/The (ENSG) | 0.5% | 0.8% | +0.3 pts | +25,719 sh | +61% |
| New | Manhattan Associates Inc (MANH) | — | 0.3% | +0.3 pts | +12,345 sh | new |
| Reduced | Blue Owl Capital Inc (OWL) | 0.3% | 0.1% | −0.2 pts | −133K sh | −67% |
| New | RxSight Inc (RXST) | — | 0.3% | +0.3 pts | +84,560 sh | new |
| Reduced | Vinci Partners Investments Ltd (VINP) | 0.7% | 0.5% | −0.2 pts | −284K sh | −33% |
| Reduced | Neogen Corp (NEOG) | 0.6% | 0.2% | −0.4 pts | −235K sh | −51% |
| Reduced | SentinelOne Inc (S) | 0.3% | 0.0% | −0.2 pts | −125K sh | −86% |
| Reduced | Goosehead Ins Inc (GSHD) | 0.7% | 0.6% | 0.0 pts | −24,718 sh | −28% |
| Reduced | Atricure Inc (ATRC) | 0.8% | 0.7% | −0.1 pts | −86,478 sh | −26% |
The 50 largest of 136 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 — 43.2% of the equity book
Changes in the top 10 this quarter: MRX entered · ICLR entered · PAX left · QGEN left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Lululemon Athletica Inc (LULU) | 5.3% | 7.4% | |
| 2 | Globant SA (GLOB) | 6.7% | 6.5% | |
| 3 | JFrog Ltd (FROG) | 6.4% | 6.4% | |
| 4 | CyberArk Software Ltd (CYBR) | 3.3% | 3.9% | |
| 5 | BBB Foods Inc (TBBB) | 3.2% | 3.5% | |
| 6 | Elastic NV (ESTC) | 2.9% | 3.5% | |
| 7 | Monolithic Pwr Sys Inc (MPWR) | 3.0% | 3.3% | |
| 8 | Littelfuse Inc (LFUS) | 3.7% | 3.1% | |
| 9 | Marex Group PLC (MRX) | 1.4% | 3.0% | Entered the top 10 |
| 10 | ICON PLC (ICLR) | 1.6% | 2.7% | Entered the top 10 |
| — | Patria Investments Ltd (PAX) | 3.2% | 2.4% | Left the top 10 |
| — | QIAGEN NV (QGEN) | 3.0% | 1.4% | 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).