Pembroke Management, LTD

Registered adviser

CIK

1063497

Location

Montreal, A8

Portfolio Value

Small $806,231,406

Diversification

Diversified

Filing Date

Global Rank

#2,961 / 8,818 ▼ 22 · as of Jun 2026

Top Industry

Aerospace & Defense 8.1%

Period ended 29 days ago

Filed Oct 21, 2026 · 8d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 155405

Roster of Oct 1, 2026

Regulatory AUM

$1,905,084,000

Main clients

Pooled investment vehicles (60% of AUM)

LEI

5493006QC8TOZXSK7490

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$1,905,084,000	Pooled investment vehicles (60%)
Mar 2025 to Mar 2026	$1,665,893,000	Pooled investment vehicles (65%)
Apr 2024 to Feb 2025	$1,616,183,000	Pooled investment vehicles (64%)
May 2023 to Mar 2024	$1,808,652,000	Pooled investment vehicles (56%)
Mar 2023 to Apr 2023	$1,808,652,000	Pooled investment vehicles (56%)
Mar 2022 to Feb 2023	$2,431,533,000	Pooled investment vehicles (56%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 43.6%, 34.8 effective positions, active share 93.4% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

41.3% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 11.2 quarters, but 23.6% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 93.4%; sector active share 34.4% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

113 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

5.2%

+0.1 pts

Top 5

21.6%

−2.8 pts

Top 10

37.4%

−6.2 pts

HHI

233

Diversified−54

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Industrials	28.6%	$230,388,864	25
Technology	21.0%	$169,608,410	23
Healthcare	12.9%	$104,325,048	11
Consumer Cyclical	12.3%	$98,830,099	14
Financial Services	11.5%	$92,962,248	14
Consumer Defensive	3.6%	$29,234,745	4
Communication Services	3.2%	$25,566,578	5
Unclassified	2.6%	$20,720,704	6
Basic Materials	2.0%	$16,366,832	7
Energy	1.8%	$14,761,612	2
Real Estate	0.4%	$3,466,266	2

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MDA	MDA Space Ltd.	+427,064	935,558	$27,720,583
CAE	Cae Inc	+184,918	248,563	$5,967,997
OBE	Obsidian Energy Ltd.	+171,688	1,161,952	$11,968,105
PMTS	CPI Card Group Inc.	+163,791	283,741	$6,954,491
GIL	Gildan Activewear Inc.	+140,371	263,768	$11,244,429
HCSG	Healthcare Services Group Inc	+138,328	661,553	$13,528,758
CXDO	Crexendo, Inc.	+111,514	294,685	$1,732,747
HBM	Hudbay Minerals Inc.	+94,093	126,594	$3,377,527
AGI	Alamos Gold Inc	+89,172	110,799	$3,588,779
BN	BROOKFIELD Corp	+71,004	91,652	$3,341,631
DSGX	Descartes Systems Group Inc	+65,704	169,685	$13,720,729
HGTY	Hagerty, Inc.	+52,930	1,755,856	$23,633,821
OLLI	Ollie's Bargain Outlet Holdings, Inc.	+51,185	303,522	$25,996,659
PNTG	Pennant Group, Inc.	+50,264	189,687	$7,397,793
PRCH	Porch Group, Inc.	+50,026	461,885	$7,695,004
WCN	Waste Connections, Inc.	+44,354	59,687	$9,187,619
CLBT	Cellebrite DI Ltd.	+42,137	548,874	$6,180,321
RBA	Rb Global Inc.	+40,348	54,256	$4,415,895
BGSI	Boyd Group Services Inc.	+37,627	149,348	$11,710,376
WPM	Wheaton Precious Metals Corp.	+31,002	37,386	$4,999,255
SHOP	Shopify Inc.	+30,631	41,215	$6,112,184
LGND	Ligand Pharmaceuticals Inc	+29,073	69,350	$21,662,859
CNM	Core & Main, Inc.	+27,631	465,045	$19,290,066
VGNT	Versigent PLC	+22,203	100,045	$4,496,022
GMED	Globus Medical Inc	+20,706	419,566	$31,425,493
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
REZI	Resideo Technologies, Inc.	−977,790	147,307	$2,673,622
P	Everpure, Inc.	−177,653	319,870	$41,832,598
IMAX	Imax Corp	−139,444	392,339	$21,500,177
RDVT	Red Violet, Inc.	−46,044	86,737	$6,853,090
VBNK	VersaBank	−31,869	728,001	$16,176,182
IEMG	iShares Trust	−27,717	20,496	$0
WSO	Watsco Inc	−20,824	29,840	$9,032,269
VCTR	Victory Capital Holdings, Inc.	−20,391	60,321	$6,671,502
FIVE	Five Below, Inc	−5,726	12,468	$2,737,598
TSAT	Telesat Corp	−1,546	90,193	$4,161,505
IVV	iShares Core S&P 500 ETF	−786	19,780	$15,148,513
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
SIMO	Silicon Motion Technology CORP	67,329	$18,852,120
MMSI	Merit Medical Systems Inc	155,105	$13,374,704
CAI	Caris Life Sciences, Inc.	299,793	$9,182,659
ELVA	Electrovaya Inc.	459,272	$2,994,453
EFXT	Enerflex Ltd.	122,576	$2,793,507
TYL	Tyler Technologies Inc	8,313	$2,648,521
EXLS	ExlService Holdings, Inc.	76,662	$2,635,639
AXGN	Axogen, Inc.	53,141	$2,227,670
ADIG	Adi Global Distribution Inc.	98,381	$1,762,987
ING	Ing Groep NV	11,900	$422,450
IGRO	iShares International Dividend Growth ETF	4,572	$405,810
APG	APi Group Corp	9,416	$363,457
CB	Chubb Ltd	1,100	$357,775
TSM	Taiwan Semiconductor Manufacturing Co Ltd	760	$346,704
SAP	Sap SE	1,300	$271,024
DGRO	iShares Core Dividend Growth ETF	2,702	$203,703
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
WING	Wingstop Inc.	26,229	$4,548,370
TXG	10x Genomics, Inc.	82,793	$3,174,283
BWMN	Bowman Consulting Group Ltd.	51,411	$1,501,201
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

113 tracked positions · $806,231,406 total · filing declares 113 positions · $808,517,478 · as of Sep 30, 2026

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

Showing 1–50 of 113 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
P	Everpure, Inc. Technology	Reduced	319,870	-177,653	$41,832,598	+6.7%	5.19%
MPWR	Monolithic Power Systems, Inc. Technology	Added	29,452	+2,881	$39,678,323	+8.0%	4.92%
FSS	Federal Signal Corp Industrials	Added	297,616	+14,229	$32,972,876	−9.4%	4.09%
GMED	Globus Medical Inc Healthcare	Added	419,566	+20,706	$31,425,493	−0.3%	3.90%
MOD	Modine Manufacturing Co Consumer Cyclical	Added	148,871	+4,972	$27,868,651	−27.5%	3.46%
MDA	MDA Space Ltd. Industrials	Added	935,558	+427,064	$27,720,583	+32.1%	3.44%
OLLI	Ollie's Bargain Outlet Holdings, Inc. Consumer Defensive	Added	303,522	+51,185	$25,996,659	+34.0%	3.22%
VSEC	Vse Corp Industrials	Added	154,223	+5,109	$25,400,528	−25.5%	3.15%
AAON	Aaon, Inc. Industrials	Added	304,755	+7,949	$25,221,523	−33.0%	3.13%
HGTY	Hagerty, Inc. Financial Services	Added	1,755,856	+52,930	$23,633,821	+16.4%	2.93%
LGND	Ligand Pharmaceuticals Inc Healthcare	Added	69,350	+29,073	$21,662,859	+70.2%	2.69%
IMAX	Imax Corp Communication Services	Reduced	392,339	-139,444	$21,500,177	+1.4%	2.67%
CNM	Core & Main, Inc. Industrials	Added	465,045	+27,631	$19,290,066	−8.6%	2.39%
SIMO	Silicon Motion Technology CORP Technology	NEW	67,329	NEW	$18,852,120	NEW	2.34%
VBNK	VersaBank Financial Services	Reduced	728,001	-31,869	$16,176,182	−8.3%	2.01%
IBP	Installed Building Products, Inc. Consumer Cyclical	Added	83,525	+2,662	$16,026,777	−13.8%	1.99%
IVV	iShares Core S&P 500 ETF	Reduced	19,780	-786	$15,148,513	−1.6%	1.88%
LPX	Louisiana-Pacific Corp Industrials	Added	224,342	+7,085	$14,481,276	−15.3%	1.80%
DSGX	Descartes Systems Group Inc Technology	Added	169,685	+65,704	$13,720,729	+90.6%	1.70%
SAIA	Saia Inc Industrials	Added	40,823	+1,224	$13,624,268	−18.3%	1.69%
HCSG	Healthcare Services Group Inc Healthcare	Added	661,553	+138,328	$13,528,758	+5.3%	1.68%
MMSI	Merit Medical Systems Inc Healthcare	NEW	155,105	NEW	$13,374,704	NEW	1.66%
AX	Axos Financial, Inc. Financial Services	Added	148,387	+5,235	$12,845,862	−7.9%	1.59%
SITE	SiteOne Landscape Supply, Inc. Industrials	Added	141,072	+5,107	$12,740,212	−18.1%	1.58%
OBE	Obsidian Energy Ltd. Energy	Added	1,161,952	+171,688	$11,968,105	+48.7%	1.48%
ENPH	Enphase Energy, Inc. Technology	Added	358,058	+12,188	$11,812,333	−30.6%	1.47%
BGSI	Boyd Group Services Inc. Consumer Cyclical	Added	149,348	+37,627	$11,710,376	+10.8%	1.45%
GIL	Gildan Activewear Inc. Consumer Cyclical	Added	263,768	+140,371	$11,244,429	+76.6%	1.39%
DORM	Dorman Products, Inc. Consumer Cyclical	Added	86,468	+2,929	$10,600,976	−7.0%	1.31%
TKR	Timken Co Industrials	Added	89,769	+15,512	$10,480,530	−2.9%	1.30%
WCN	Waste Connections, Inc. Industrials	Added	59,687	+44,354	$9,187,619	+259.5%	1.14%
CAI	Caris Life Sciences, Inc. Healthcare	NEW	299,793	NEW	$9,182,659	NEW	1.14%
WSO	Watsco Inc Industrials	Reduced	29,840	-20,824	$9,032,269	−57.2%	1.12%
PRCH	Porch Group, Inc. Financial Services	Added	461,885	+50,026	$7,695,004	+24.2%	0.95%
PNTG	Pennant Group, Inc. Healthcare	Added	189,687	+50,264	$7,397,793	+43.6%	0.92%
CRAI	Cra International, Inc. Industrials	Added	44,565	+1,778	$7,315,344	+20.1%	0.91%
PMTS	CPI Card Group Inc. Financial Services	Added	283,741	+163,791	$6,954,491	+179.0%	0.86%
RDVT	Red Violet, Inc. Technology	Reduced	86,737	-46,044	$6,853,090	−19.0%	0.85%
VCTR	Victory Capital Holdings, Inc. Financial Services	Reduced	60,321	-20,391	$6,671,502	−1.7%	0.83%
CLBT	Cellebrite DI Ltd. Technology	Added	548,874	+42,137	$6,180,321	−16.5%	0.77%
SHOP	Shopify Inc. Technology	Added	41,215	+30,631	$6,112,184	+405.8%	0.76%
CAE	Cae Inc Industrials	Added	248,563	+184,918	$5,967,997	+274.2%	0.74%
RY	Royal Bank Of Canada Financial Services	Added	29,569	+16,731	$5,812,969	+118.8%	0.72%
WPM	Wheaton Precious Metals Corp. Basic Materials	Added	37,386	+31,002	$4,999,255	+597.2%	0.62%
IEFA	iShares Core MSCI EAFE ETF	Held	51,225	0	$4,962,678	+0.3%	0.62%
BROS	Dutch Bros Inc. Consumer Cyclical	Added	119,211	+4,461	$4,596,776	−44.2%	0.57%
VGNT	Versigent PLC Consumer Cyclical	Added	100,045	+22,203	$4,496,022	+37.5%	0.56%
ESQ	Esquire Financial Holdings, Inc. Financial Services	Added	38,006	+13,636	$4,422,758	+52.4%	0.55%
RBA	Rb Global Inc. Industrials	Added	54,256	+40,348	$4,415,895	+172.7%	0.55%
RGEN	Repligen Corp Healthcare	Added	21,884	+5,941	$4,206,761	+93.4%	0.52%

Showing the top 50 of 113 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.