Pembroke Management, LTD

CIK

1063497

Location

Montreal, A8

Portfolio Value

Small $665,900,343

Diversification

Diversified

Filing Date

Global Rank

#2,231 / 8,603 ▼ 349 · as of Mar 2026

Top Industry

Industrial Distribution 17.8%

3Y Alpha vs SPY

-15.3%

Period ended 3 months ago

Filed May 14, 2026 · 56d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+16.7%

SPY

+76.0%

Annualised alpha

-15.5%

Max drawdown

−26.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

93 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.6%

+0.2 pts

Top 5

27.3%

+1.9 pts

Top 10

48.9%

+3.4 pts

HHI

328

Diversified+10

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	39.6%	$263,364,108	23
Technology	18.9%	$125,570,775	18
Consumer Cyclical	16.1%	$107,115,970	14
Healthcare	10.2%	$67,972,877	9
Financial Services	8.5%	$56,852,548	11
Communication Services	3.2%	$21,379,503	5
Consumer Defensive	1.9%	$12,615,625	4
Energy	0.9%	$6,055,278	1
Basic Materials	0.5%	$3,556,277	5
Real Estate	0.2%	$1,417,382	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

19 positions

Ticker	Company	Δ Shares	Shares	Value
LPX	Louisiana-Pacific Corp	+86,900	222,492	$16,186,293
BKTI	BK Technologies Corp	+7,388	14,100	$1,052,283
WSO	Watsco Inc	+5,075	51,878	$18,872,697
WCN	Waste Connections, Inc.	+3,992	10,617	$1,724,625
CAE	Cae Inc	+3,904	65,768	$1,713,256
DSGX	Descartes Systems Group Inc	+2,350	103,323	$7,393,793
AGI	Alamos Gold Inc	+528	18,540	$823,732
MAIN	Main Street Capital CORP	+408	64,937	$3,439,063
WPM	Wheaton Precious Metals Corp.	+273	6,597	$864,272
AEM	Agnico Eagle Mines Ltd	+144	4,627	$939,188
TDG	TransDigm Group INC	+118	500	$579,480
LIN	Linde PLC	+108	1,281	$635,068
AAPL	Apple Inc.	+100	4,158	$1,055,258
GOOGL	Alphabet Inc.	+91	3,172	$912,140
CDNS	Cadence Design Systems Inc	+76	1,067	$296,487
AMZN	Amazon Com Inc	+43	4,832	$1,006,360
FERG	Ferguson Enterprises Inc. /DE/	+43	3,459	$806,846
PSA	Public Storage	+40	1,097	$297,155
LLY	ELI LILLY & Co	+28	488	$448,847
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
STVN	Stevanato Group S.p.A.	−1,113,015	150,818	$2,073,747
CLBT	Cellebrite DI Ltd.	−742,991	637,949	$8,790,937
HGTY	Hagerty, Inc.	−488,955	1,738,006	$18,301,203
BWMN	Bowman Consulting Group Ltd.	−387,990	51,411	$1,462,128
REZI	Resideo Technologies, Inc.	−329,703	1,115,129	$37,590,998
QTWO	Q2 Holdings, Inc.	−251,249	91,885	$4,346,160
WK	Workiva Inc	−249,456	224,900	$13,410,787
CNM	Core & Main, Inc.	−189,618	706,237	$34,888,107
GMED	Globus Medical Inc	−161,196	408,539	$35,199,720
P	Everpure, Inc.	−142,341	456,625	$26,959,140
TECH	BIO-TECHNE Corp	−140,543	372,325	$19,457,704
AX	Axos Financial, Inc.	−139,964	148,591	$12,643,608
CHWY	Chewy, Inc.	−136,680	160,327	$4,328,829
UTI	Universal Technical Institute Inc	−120,302	162,853	$5,878,993
AAON	Aaon, Inc.	−117,126	430,089	$35,589,864
RDVT	Red Violet, Inc.	−114,033	133,437	$4,616,920
FSS	Federal Signal Corp /De/	−84,681	287,862	$31,129,396
DORM	Dorman Products, Inc.	−70,440	87,121	$9,091,947
VCTR	Victory Capital Holdings, Inc.	−66,116	82,693	$5,414,737
SITE	SiteOne Landscape Supply, Inc.	−64,652	197,474	$26,285,764
IBP	Installed Building Products, Inc.	−56,356	75,011	$19,889,166
OLLI	Ollie's Bargain Outlet Holdings, Inc.	−45,681	65,535	$6,031,841
MOD	Modine Manufacturing Co	−45,272	165,871	$35,945,904
BROS	Dutch Bros Inc.	−42,560	53,977	$2,734,474
GIL	Gildan Activewear Inc.	−35,003	124,158	$6,909,392
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
MDA	MDA Space Ltd.	974,090	$24,663,958
ENPH	Enphase Energy, Inc.	302,728	$11,446,145
SAIA	Saia Inc	26,006	$9,135,387
VSEC	Vse Corp	48,962	$9,028,592
OBE	Obsidian Energy Ltd.	639,417	$6,055,278
HCSG	Healthcare Services Group Inc	299,085	$5,548,026
PNTG	Pennant Group, Inc.	144,017	$4,389,638
AIR	Aar Corp	33,700	$3,688,802
TSAT	Telesat Corp	92,829	$3,360,409
BOBS	Bob's Discount Furniture, Inc.	175,253	$2,059,222
PRCH	Porch Group, Inc.	271,104	$1,943,815
RTX	RTX Corp	1,710	$329,859
GE	General Electric Co	1,146	$325,200
FCX	Freeport-Mcmoran Inc	5,002	$294,017
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
MANH	Manhattan Associates Inc	167,248	$28,985,750
VERX	Vertex, Inc.	648,097	$12,942,497
RYAN	Ryan Specialty Holdings, Inc.	193,966	$10,014,464
CDRE	Cadre Holdings, Inc.	159,913	$6,530,846
OTEX	Open Text Corp	19,733	$642,901
CIGI	Colliers International Group Inc.	3,530	$518,945
TYL	Tyler Technologies Inc	600	$272,370
UNH	Unitedhealth Group Inc	824	$272,010
SHW	Sherwin Williams Co	650	$210,619
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

93 positions · $665,900,343 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 93 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MPWR	Monolithic Power Systems Inc Technology	Reduced	34,397	-18,745	$37,607,959	−21.9%	5.65%
REZI	Resideo Technologies, Inc. Industrials	Reduced	1,115,129	-329,703	$37,590,998	−25.9%	5.65%
MOD	Modine Manufacturing Co Consumer Cyclical	Reduced	165,871	-45,272	$35,945,904	+27.5%	5.40%
AAON	Aaon, Inc. Industrials	Reduced	430,089	-117,126	$35,589,864	−14.7%	5.34%
GMED	Globus Medical Inc Healthcare	Reduced	408,539	-161,196	$35,199,720	−29.2%	5.29%
CNM	Core & Main, Inc. Industrials	Reduced	706,237	-189,618	$34,888,107	−25.1%	5.24%
FSS	Federal Signal Corp /De/ Industrials	Reduced	287,862	-84,681	$31,129,396	−23.1%	4.67%
P	Everpure, Inc. Technology	Reduced	456,625	-142,341	$26,959,140	−32.8%	4.05%
SITE	SiteOne Landscape Supply, Inc. Industrials	Reduced	197,474	-64,652	$26,285,764	−19.5%	3.95%
MDA	MDA Space Ltd. Industrials	NEW	974,090	NEW	$24,663,958	NEW	3.70%
IBP	Installed Building Products, Inc. Consumer Cyclical	Reduced	75,011	-56,356	$19,889,166	−41.6%	2.99%
TECH	BIO-TECHNE Corp Healthcare	Reduced	372,325	-140,543	$19,457,704	−35.5%	2.92%
WSO	Watsco Inc Industrials	Added	51,878	+5,075	$18,872,697	+19.7%	2.83%
IMAX	Imax Corp Communication Services	Reduced	487,918	-26,730	$18,545,763	−2.5%	2.79%
HGTY	Hagerty, Inc. Financial Services	Reduced	1,738,006	-488,955	$18,301,203	−38.9%	2.75%
LPX	Louisiana-Pacific Corp Industrials	Added	222,492	+86,900	$16,186,293	+47.8%	2.43%
BGSI	Boyd Group Services Inc. Consumer Cyclical	Reduced	114,069	-5,429	$14,584,862	−23.4%	2.19%
WK	Workiva Inc Technology	Reduced	224,900	-249,456	$13,410,787	−67.2%	2.01%
AX	Axos Financial, Inc. Financial Services	Reduced	148,591	-139,964	$12,643,608	−49.1%	1.90%
ENPH	Enphase Energy, Inc. Technology	NEW	302,728	NEW	$11,446,145	NEW	1.72%
VBNK	VersaBank Financial Services	Reduced	704,776	-31,446	$9,986,675	−9.4%	1.50%
SAIA	Saia Inc Industrials	NEW	26,006	NEW	$9,135,387	NEW	1.37%
DORM	Dorman Products, Inc. Consumer Cyclical	Reduced	87,121	-70,440	$9,091,947	−53.2%	1.37%
VSEC	Vse Corp Industrials	NEW	48,962	NEW	$9,028,592	NEW	1.36%
CLBT	Cellebrite DI Ltd. Technology	Reduced	637,949	-742,991	$8,790,937	−64.7%	1.32%
DSGX	Descartes Systems Group Inc Technology	Added	103,323	+2,350	$7,393,793	−16.5%	1.11%
GIL	Gildan Activewear Inc. Consumer Cyclical	Reduced	124,158	-35,003	$6,909,392	−30.5%	1.04%
CRAI	Cra International, Inc. Industrials	Reduced	42,096	-34,088	$6,814,500	−55.4%	1.02%
OBE	Obsidian Energy Ltd. Energy	NEW	639,417	NEW	$6,055,278	NEW	0.91%
OLLI	Ollie's Bargain Outlet Holdings, Inc. Consumer Defensive	Reduced	65,535	-45,681	$6,031,841	−50.5%	0.91%
UTI	Universal Technical Institute Inc Consumer Defensive	Reduced	162,853	-120,302	$5,878,993	−20.5%	0.88%
HCSG	Healthcare Services Group Inc Healthcare	NEW	299,085	NEW	$5,548,026	NEW	0.83%
VCTR	Victory Capital Holdings, Inc. Financial Services	Reduced	82,693	-66,116	$5,414,737	−42.3%	0.81%
LCII	Lci Industries Consumer Cyclical	Reduced	42,026	-17,127	$5,168,357	−28.0%	0.78%
RDVT	Red Violet, Inc. Technology	Reduced	133,437	-114,033	$4,616,920	−67.2%	0.69%
PNTG	Pennant Group, Inc. Healthcare	NEW	144,017	NEW	$4,389,638	NEW	0.66%
QTWO	Q2 Holdings, Inc. Technology	Reduced	91,885	-251,249	$4,346,160	−82.4%	0.65%
CHWY	Chewy, Inc. Consumer Cyclical	Reduced	160,327	-136,680	$4,328,829	−55.9%	0.65%
FIVE	Five Below, Inc Consumer Cyclical	Reduced	18,742	-28,565	$4,282,172	−51.9%	0.64%
AIR	Aar Corp Industrials	NEW	33,700	NEW	$3,688,802	NEW	0.55%
MAIN	Main Street Capital CORP Financial Services	Added	64,937	+408	$3,439,063	−11.7%	0.52%
TSAT	Telesat Corp Technology	NEW	92,829	NEW	$3,360,409	NEW	0.50%
BROS	Dutch Bros Inc. Consumer Cyclical	Reduced	53,977	-42,560	$2,734,474	−53.7%	0.41%
RY	Royal Bank Of Canada Financial Services	Held	13,266	0	$2,146,173	−5.1%	0.32%
STVN	Stevanato Group S.p.A. Healthcare	Reduced	150,818	-1,113,015	$2,073,747	−91.8%	0.31%
BOBS	Bob's Discount Furniture, Inc. Consumer Cyclical	NEW	175,253	NEW	$2,059,222	NEW	0.31%
PRCH	Porch Group, Inc. Financial Services	NEW	271,104	NEW	$1,943,815	NEW	0.29%
WCN	Waste Connections, Inc. Industrials	Added	10,617	+3,992	$1,724,625	+48.4%	0.26%
CAE	Cae Inc Industrials	Added	65,768	+3,904	$1,713,256	−9.0%	0.26%
BWMN	Bowman Consulting Group Ltd. Industrials	Reduced	51,411	-387,990	$1,462,128	−89.9%	0.22%