Dundas Partners LLP

CIK

1742418

Location

EDINBURGH, X0

Portfolio Value

Mid $1,171,135,377

Diversification

Diversified

Filing Date

Global Rank

#1,365 / 8,232 ▲ 16

Top Industry

Semiconductors 13.3%

3Y Alpha vs SPY

-8.8%

Period ended 2 months ago

Filed May 14, 2026 · 31d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+40.6%

SPY

+76.3%

Annualised alpha

-8.8%

Max drawdown

−15.7%

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

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

Top Position

7.9%

+1.3 pts

Top 5

32.4%

+2.4 pts

Top 10

54.3%

+2.2 pts

HHI

433

Diversified+21

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	40.3%	$472,186,706	13
Financial Services	25.2%	$294,875,443	15
Healthcare	19.0%	$223,024,160	8
Industrials	7.8%	$90,989,796	9
Consumer Cyclical	7.7%	$90,059,272	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
ACN	Accenture plc	+27,301	114,450	$22,694,290
CRM	Salesforce, Inc.	+21,594	105,346	$19,664,937
V	Visa Inc.	+15,254	193,997	$58,633,653
SF	Stifel Financial Corp	+877	4,676	$345,649
BKNG	Booking Holdings Inc.	+800	9,105	$38,334,961
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
WRB	Berkley W R Corp	−770,905	390,567	$25,886,780
HDB	Hdfc Bank Ltd	−20,203	863,541	$21,484,900
AMAT	Applied Materials Inc /De	−11,186	262,946	$89,872,313
NDAQ	Nasdaq, Inc.	−9,703	512,023	$43,465,632
RYAN	Ryan Specialty Holdings, Inc.	−8,722	3,896	$131,451
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−6,969	275,192	$93,001,136
BRO	Brown & Brown, Inc.	−6,813	659,990	$43,037,947
ROST	Ross Stores, Inc.	−6,460	238,768	$51,724,311
AME	Ametek Inc/	−6,219	163,876	$35,128,459
ZTS	Zoetis Inc.	−6,121	299,266	$35,376,233
APH	Amphenol Corp /De/	−4,909	527,892	$66,699,154
ABT	Abbott Laboratories	−4,374	423,933	$43,525,201
ADI	Analog Devices Inc	−3,226	198,650	$63,198,511
MSFT	Microsoft Corp	−2,987	179,471	$66,434,780
ALC	Alcon Inc	−2,711	249,707	$18,815,422
PAYC	Paycom Software, Inc.	−2,023	796	$96,745
SYK	Stryker Corp	−1,986	95,028	$31,225,250
RMD	Resmed Inc	−1,941	203,021	$45,574,154
TECH	BIO-TECHNE Corp	−1,799	8,137	$425,239
RLI	Rli Corp	−1,736	2,164	$123,434
TRU	TransUnion	−1,657	2,465	$170,553
AXP	American Express Co	−1,432	176,217	$53,302,118
NVT	nVent Electric plc	−1,385	4,769	$564,077
LMAT	Lemaitre Vascular Inc	−1,326	1,920	$209,606
ADP	Automatic Data Processing Inc	−1,254	141,280	$28,705,270
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

47 positions · $1,171,135,377 total · as of Mar 31, 2026

All sectors Consumer Cyclical Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	275,192	-6,969	$93,001,136	+8.5%	7.94%
AMAT	Applied Materials Inc /De Technology	Reduced	262,946	-11,186	$89,872,313	+27.6%	7.67%
APH	Amphenol Corp /De/ Technology	Reduced	527,892	-4,909	$66,699,154	−7.4%	5.70%
MSFT	Microsoft Corp Technology	Reduced	179,471	-2,987	$66,434,780	−24.7%	5.67%
ADI	Analog Devices Inc Technology	Reduced	198,650	-3,226	$63,198,511	+15.4%	5.40%
V	Visa Inc. Financial Services	Added	193,997	+15,254	$58,633,653	−6.5%	5.01%
AXP	American Express Co Financial Services	Reduced	176,217	-1,432	$53,302,118	−18.9%	4.55%
ROST	Ross Stores, Inc. Consumer Cyclical	Reduced	238,768	-6,460	$51,724,311	+17.1%	4.42%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	97,396	-1,010	$47,873,055	−16.0%	4.09%
RMD	Resmed Inc Healthcare	Reduced	203,021	-1,941	$45,574,154	−7.7%	3.89%
ABT	Abbott Laboratories Healthcare	Reduced	423,933	-4,374	$43,525,201	−18.9%	3.72%
NDAQ	Nasdaq, Inc. Financial Services	Reduced	512,023	-9,703	$43,465,632	−14.2%	3.71%
BRO	Brown & Brown, Inc. Financial Services	Reduced	659,990	-6,813	$43,037,947	−19.0%	3.67%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	9,105	+800	$38,334,961	−13.8%	3.27%
ZTS	Zoetis Inc. Healthcare	Reduced	299,266	-6,121	$35,376,233	−7.9%	3.02%
AME	Ametek Inc/ Industrials	Reduced	163,876	-6,219	$35,128,459	+0.6%	3.00%
SYK	Stryker Corp Healthcare	Reduced	95,028	-1,986	$31,225,250	−8.4%	2.67%
ADP	Automatic Data Processing Inc Technology	Reduced	141,280	-1,254	$28,705,270	−21.7%	2.45%
MA	Mastercard Inc Financial Services	Reduced	56,106	-511	$28,033,923	−13.3%	2.39%
WRB	Berkley W R Corp Financial Services	Reduced	390,567	-770,905	$25,886,780	−68.2%	2.21%
EFX	Equifax Inc Industrials	Reduced	126,939	-1,108	$22,857,905	−17.7%	1.95%
ACN	Accenture plc Technology	Added	114,450	+27,301	$22,694,290	−2.9%	1.94%
GWW	W.W. Grainger, Inc. Industrials	Reduced	19,901	-186	$21,708,211	+7.1%	1.85%
HDB	Hdfc Bank Ltd Financial Services	Reduced	863,541	-20,203	$21,484,900	−33.5%	1.83%
INTU	Intuit Inc. Technology	Reduced	48,074	-477	$20,786,236	−35.4%	1.77%
CRM	Salesforce, Inc. Technology	Added	105,346	+21,594	$19,664,937	−11.4%	1.68%
MSCI	MSCI Inc. Financial Services	Reduced	36,194	-1,032	$19,508,927	−8.7%	1.67%
ALC	Alcon Inc Healthcare	Reduced	249,707	-2,711	$18,815,422	−5.4%	1.61%
RBA	Rb Global Inc. Industrials	Reduced	96,452	-856	$9,244,924	−7.6%	0.79%
NVT	nVent Electric plc Industrials	Reduced	4,769	-1,385	$564,077	−10.1%	0.05%
JKHY	Jack Henry & Associates Inc Technology	Reduced	3,043	-548	$480,915	−26.6%	0.04%
AIT	Applied Industrial Technologies Inc Industrials	Reduced	1,784	-326	$473,330	−12.6%	0.04%
LFUS	Littelfuse Inc /De Technology	Reduced	1,341	-249	$455,068	+13.2%	0.04%
TECH	BIO-TECHNE Corp Healthcare	Reduced	8,137	-1,799	$425,239	−27.2%	0.04%
CR	Crane Co Industrials	Reduced	2,121	-165	$362,691	−14.0%	0.03%
SF	Stifel Financial Corp Financial Services	Added	4,676	+877	$345,649	+9.0%	0.03%
WTS	Watts Water Technologies Inc Industrials	Reduced	1,143	-90	$331,801	−2.5%	0.03%
ESAB	ESAB Corp Industrials	Reduced	3,294	-596	$318,398	−26.7%	0.03%
EVR	Evercore Inc. Financial Services	Reduced	906	-163	$270,450	−25.6%	0.02%
MKTX	Marketaxess Holdings Inc Financial Services	Reduced	1,604	-298	$264,627	−23.2%	0.02%
HLNE	Hamilton Lane INC Financial Services	Reduced	2,167	-407	$215,399	−37.7%	0.02%
LMAT	Lemaitre Vascular Inc Healthcare	Reduced	1,920	-1,326	$209,606	−20.4%	0.02%
TRU	TransUnion Financial Services	Reduced	2,465	-1,657	$170,553	−51.7%	0.01%
RYAN	Ryan Specialty Holdings, Inc. Financial Services	Reduced	3,896	-8,722	$131,451	−79.8%	0.01%
RLI	Rli Corp Financial Services	Reduced	2,164	-1,736	$123,434	−50.5%	0.01%
BMI	Badger Meter Inc Technology	Reduced	639	-134	$97,351	−27.8%	0.01%
PAYC	Paycom Software, Inc. Technology	Reduced	796	-2,023	$96,745	−78.5%	0.01%