Grandeur Peak Global Advisors LLC's Q1 2026 13F: 9 new positions, 25 exits
Form 13F-HR for the quarter ended Mar 31, 2026 · filed May 15, 2026 · 86 reported positions · accession 0001569137-26-000003
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | JFROG LTD (FROG) | 10.1% | 1.1% | −9.0 pts | −1.11M sh | −92% |
| Increased | KADANT INC (KAI) | 1.1% | 7.8% | +6.7 pts | +85,998 sh | +312% |
| Reduced | MONOLITHIC PWR SYS INC (MPWR) | 8.8% | 13.2% | +4.3 pts | −20,973 sh | −29% |
| Reduced | DESCARTES SYS GROUP INC (DSGX) | 3.9% | 0.5% | −3.5 pts | −306K sh | −92% |
| Reduced | ACCELERANT HOLDINGS (ARX) | 3.6% | 0.1% | −3.4 pts | −1.58M sh | −98% |
| Reduced | MAREX GROUP PLC (MRX) | 9.2% | 13.8% | +4.7 pts | −455K sh | −26% |
| Reduced | POWER INTEGRATIONS INC (POWI) | 1.5% | 0.0% | −1.4 pts | −302K sh | −99% |
| Reduced | LITTELFUSE INC (LFUS) | 3.2% | 4.5% | +1.4 pts | −36,614 sh | −39% |
| Reduced | MAMA'S CREATIONS INC (MAMA) | 1.4% | 0.3% | −1.1 pts | −682K sh | −89% |
| Reduced | BBB FOODS INC (TBBB) | 5.9% | 8.5% | +2.7 pts | −278K sh | −21% |
| Exited | CLOUDFLARE INC (NET) | 2.2% | — | −2.2 pts | −83,878 sh | −100% |
| Exited | SILICON LABORATORIES INC (SLAB) | 1.7% | — | −1.7 pts | −95,513 sh | −100% |
| Reduced | FIVE BELOW INC (FIVE) | 0.8% | 0.1% | −0.7 pts | −29,894 sh | −91% |
| Reduced | FRESHPET INC (FRPT) | 1.1% | 0.3% | −0.8 pts | −113K sh | −84% |
| Exited | STANTEC INC (STN) | 1.5% | — | −1.5 pts | −114K sh | −100% |
| Increased | PATTERN GROUP INC (PTRN) | 0.1% | 1.5% | +1.4 pts | +454K sh | +1005% |
| Reduced | TEXAS ROADHOUSE INC (TXRH) | 0.8% | 0.1% | −0.7 pts | −32,396 sh | −95% |
| Reduced | PRIMORIS SVCS CORP (PRIM) | 2.4% | 3.7% | +1.3 pts | −34,104 sh | −24% |
| Reduced | MODINE MANUFACTURING CO (MOD) | 0.6% | 0.5% | −0.1 pts | −21,889 sh | −68% |
| Reduced | UPWORK INC (UPWK) | 1.2% | 0.1% | −1.1 pts | −412K sh | −89% |
| Reduced | PERELLA WEINBERG PARTNERS (PWP) | 1.5% | 1.8% | +0.3 pts | −235K sh | −36% |
| Reduced | NVENT ELECTRIC PLC (NVT) | 2.8% | 4.7% | +1.9 pts | −32,822 sh | −16% |
| Reduced | ELASTIC NV (ESTC) | 0.8% | 0.0% | −0.8 pts | −76,493 sh | −95% |
| Reduced | BURLINGTON STORES INC (BURL) | 0.5% | 0.1% | −0.4 pts | −11,510 sh | −92% |
| Reduced | PATRIA INVESTMENTS LTD (PAX) | 0.7% | 0.2% | −0.5 pts | −244K sh | −75% |
| Reduced | RYAN SPECIALTY HOLDINGS INC (RYAN) | 0.7% | 0.1% | −0.6 pts | −83,713 sh | −82% |
| Exited | RED VIOLET INC (RDVT) | 0.6% | — | −0.6 pts | −84,302 sh | −100% |
| Exited | SPS COMMERCE INC (SPSC) | 0.6% | — | −0.6 pts | −50,675 sh | −100% |
| Exited | P10 INC (PX) | 0.6% | — | −0.6 pts | −453K sh | −100% |
| Exited | QUALYS INC (QLYS) | 0.6% | — | −0.6 pts | −33,263 sh | −100% |
| Reduced | TRADEWEB MARKETS INC (TW) | 0.4% | 0.3% | −0.2 pts | −21,205 sh | −68% |
| Reduced | ENSIGN GROUP INC/THE (ENSG) | 0.7% | 0.8% | +0.1 pts | −12,177 sh | −42% |
| Reduced | LEMAITRE VASCULAR INC (LMAT) | 1.3% | 2.5% | +1.2 pts | −22,325 sh | −18% |
| Reduced | ALAMO GROUP INC (ALG) | 0.6% | 0.5% | −0.1 pts | −14,575 sh | −52% |
| Reduced | DEXCOM INC (DXCM) | 0.7% | 0.7% | −0.1 pts | −36,350 sh | −44% |
| Exited | GOOSEHEAD INS INC (GSHD) | 0.5% | — | −0.5 pts | −50,389 sh | −100% |
| Reduced | HEALTHEQUITY INC (HQY) | 0.8% | 0.7% | 0.0 pts | −25,361 sh | −41% |
| Exited | NETSKOPE INC (NTSK) | 0.5% | — | −0.5 pts | −210K sh | −100% |
| Exited | ZSCALER INC (ZS) | 0.5% | — | −0.5 pts | −15,915 sh | −100% |
| Reduced | FORMFACTOR INC (FORM) | 0.2% | 0.0% | −0.1 pts | −21,131 sh | −91% |
| Reduced | KARMAN HLDGS INC (KRMN) | 0.5% | 0.6% | 0.0 pts | −25,377 sh | −46% |
| Reduced | CORE & MAIN INC (CNM) | 0.8% | 0.9% | +0.1 pts | −40,595 sh | −35% |
| Exited | TWFG INC (TWFG) | 0.5% | — | −0.5 pts | −116K sh | −100% |
| Reduced | LOAR HOLDINGS INC (LOAR) | 0.7% | 0.6% | −0.1 pts | −32,217 sh | −41% |
| Reduced | INSTALLED BLDG PRODS INC (IBP) | 0.5% | 0.5% | 0.0 pts | −6,703 sh | −45% |
| Exited | TPG INC (TPG) | 0.4% | — | −0.4 pts | −45,327 sh | −100% |
| Increased | ATRICURE INC (ATRC) | 1.7% | 2.6% | +0.8 pts | +53,411 sh | +16% |
| Reduced | QUANTA SERVICES INC (PWR) | 0.2% | 0.1% | −0.1 pts | −2,775 sh | −85% |
| Reduced | PENNANT GROUP INC/THE (PNTG) | 0.9% | 1.3% | +0.4 pts | −49,882 sh | −22% |
| New | ORTHOPEDIATRICS CORP (KIDS) | — | 0.3% | +0.3 pts | +94,090 sh | new |
The 50 largest of 102 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 — 67.9% of the equity book
Changes in the top 10 this quarter: KAI entered · ATRC entered · LMAT entered · FROG left · DSGX left · ARX left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | MAREX GROUP PLC (MRX) | 9.2% | 13.8% | |
| 2 | MONOLITHIC PWR SYS INC (MPWR) | 8.8% | 13.2% | |
| 3 | BBB FOODS INC (TBBB) | 5.9% | 8.5% | |
| 4 | KADANT INC (KAI) | 1.1% | 7.8% | Entered the top 10 |
| 5 | ITT INC (ITT) | 3.5% | 6.5% | |
| 6 | NVENT ELECTRIC PLC (NVT) | 2.8% | 4.7% | |
| 7 | LITTELFUSE INC (LFUS) | 3.2% | 4.5% | |
| 8 | PRIMORIS SVCS CORP (PRIM) | 2.4% | 3.7% | |
| 9 | ATRICURE INC (ATRC) | 1.7% | 2.6% | Entered the top 10 |
| 10 | LEMAITRE VASCULAR INC (LMAT) | 1.3% | 2.5% | Entered the top 10 |
| — | JFROG LTD (FROG) | 10.1% | 1.1% | Left the top 10 |
| — | DESCARTES SYS GROUP INC (DSGX) | 3.9% | 0.5% | Left the top 10 |
| — | ACCELERANT HOLDINGS (ARX) | 3.6% | 0.1% | 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).