Dundas Partners LLP

Registered adviser

CIK

1742418

Location

EDINBURGH, X0

Portfolio Value

Mid $1,469,720,775

Diversification

Diversified

Filing Date

Global Rank

#1,900 / 8,807 ▼ 158

Top Industry

Semiconductors 14.0%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 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 197522

Roster of Oct 1, 2026

Regulatory AUM

$2,359,253,053

Main clients

Pooled investment vehicles (85% of AUM)

LEI

549300F40FQMTCNCJH29

Portfolio style

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

Style

Concentrated

The top 10 positions are 64.7% of the book (60%+)

Turnover

Low turnover

18.0% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 21.7 quarters (12+), a floor since 63.5% of the book was already held when coverage starts

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 against every 13F filer's combined book at 20% or less, 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

30 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

12.4%

+2.3 pts

Top 5

44.9%

+9.6 pts

Top 10

64.7%

+8.6 pts

HHI

598

Diversified+142

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	46.8%	$687,511,226	8
Financial Services	19.8%	$291,653,560	8
Healthcare	12.6%	$185,283,203	6
Communication Services	6.8%	$99,884,977	1
Consumer Cyclical	6.4%	$94,177,043	2
Industrials	5.9%	$86,965,008	4
Unclassified	1.6%	$24,245,758	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
BKNG	Booking Holdings Inc.	+234,136	243,241	$43,355,275
CRM	Salesforce, Inc.	+14,335	119,681	$18,749,225
MA	Mastercard Inc	+9,645	65,751	$33,769,713
V	Visa Inc.	+9,461	203,458	$69,804,405
INTU	Intuit Inc.	+4,371	52,445	$13,688,145
No positions match the current search.

Trimmed

Positions the filer reduced

12 positions

Ticker	Company	Δ Shares	Shares	Value
ZTS	Zoetis Inc.	−135,804	163,462	$11,746,379
EFX	Equifax Inc	−59,312	67,627	$10,733,757
BRO	Brown & Brown, Inc.	−49,723	610,267	$39,148,628
APH	Amphenol Corp /De/	−33,530	494,362	$174,331,815
HDB	Hdfc Bank Ltd	−20,689	842,852	$21,770,867
RBA	Rb Global Inc.	−14,788	81,664	$9,509,772
AMAT	Applied Materials Inc /De	−10,385	252,561	$182,601,603
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−9,827	265,365	$126,730,363
MSFT	Microsoft Corp	−8,924	170,547	$63,617,441
GOOGL	Alphabet Inc.	−7,207	282,696	$99,884,977
ADI	Analog Devices Inc	−6,911	191,739	$76,152,978
AXP	American Express Co	−5,107	171,110	$57,877,957
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
EDV	Vanguard World Funds Extended Duration ETF	194,533	$24,245,758
EWBC	East West Bancorp Inc	10,672	$1,377,648
No positions match the current search.

Sold Out

Positions the filer fully exited

20 positions

Ticker	Company	Shares	Value
ACN	Accenture plc	114,450	$22,694,290
MSCI	MSCI Inc.	36,194	$19,508,927
NVT	nVent Electric plc	4,769	$564,077
JKHY	Jack Henry & Associates Inc	3,043	$480,915
AIT	Applied Industrial Technologies Inc	1,784	$473,330
LFUS	Littelfuse Inc /De	1,341	$455,068
TECH	BIO-TECHNE Corp	8,137	$425,239
CR	Crane Co	2,121	$362,691
SF	Stifel Financial Corp	4,676	$345,649
WTS	Watts Water Technologies Inc	1,143	$331,801
ESAB	ESAB Corp	3,294	$318,398
EVR	Evercore Inc.	906	$270,450
MKTX	Marketaxess Holdings Inc	1,604	$264,627
HLNE	Hamilton Lane INC	2,167	$215,399
LMAT	Lemaitre Vascular Inc	1,920	$209,606
TRU	TransUnion	2,465	$170,553
RYAN	Ryan Specialty Holdings, Inc.	3,896	$131,451
RLI	Rli Corp	2,164	$123,434
BMI	Badger Meter Inc	639	$97,351
PAYC	Paycom Software, Inc.	796	$96,745
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

30 tracked positions · $1,469,720,775 total · filing declares 32 positions · $1,382,659,113 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AMAT	Applied Materials Inc /De Technology	Reduced	252,561	-10,385	$182,601,603	+103.2%	12.42%
APH	Amphenol Corp /De/ Technology	Reduced	494,362	-33,530	$174,331,815	+30.7%	11.86%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	265,365	-9,827	$126,730,363	+36.3%	8.62%
GOOGL	Alphabet Inc. Communication Services	Reduced	282,696	-7,207	$99,884,977	+20.1%	6.80%
ADI	Analog Devices Inc Technology	Reduced	191,739	-6,911	$76,152,978	+20.5%	5.18%
V	Visa Inc. Financial Services	Added	203,458	+9,461	$69,804,405	+19.1%	4.75%
MSFT	Microsoft Corp Technology	Reduced	170,547	-8,924	$63,617,441	−4.2%	4.33%
AXP	American Express Co Financial Services	Reduced	171,110	-5,107	$57,877,957	+8.6%	3.94%
ROST	Ross Stores, Inc. Consumer Cyclical	Held	238,768	0	$50,821,768	−1.7%	3.46%
TMO	Thermo Fisher Scientific Inc. Healthcare	Held	97,396	0	$48,830,458	+2.0%	3.32%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	243,241	+234,136	$43,355,275	+13.1%	2.95%
NDAQ	Nasdaq, Inc. Financial Services	Held	512,023	0	$40,357,652	−7.2%	2.75%
AME	Ametek Inc/ Industrials	Held	163,876	0	$39,648,159	+12.9%	2.70%
RMD	Resmed Inc Healthcare	Held	203,021	0	$39,564,732	−13.2%	2.69%
BRO	Brown & Brown, Inc. Financial Services	Reduced	610,267	-49,723	$39,148,628	−9.0%	2.66%
ABT	Abbott Laboratories Healthcare	Held	423,933	0	$38,467,680	−11.6%	2.62%
MA	Mastercard Inc Financial Services	Added	65,751	+9,645	$33,769,713	+20.5%	2.30%
ADP	Automatic Data Processing Inc Technology	Held	141,280	0	$31,639,656	+10.2%	2.15%
SYK	Stryker Corp Healthcare	Held	95,028	0	$29,918,615	−4.2%	2.04%
WRB	Berkley W R Corp Financial Services	Held	390,567	0	$27,546,690	+6.4%	1.87%
GWW	W.W. Grainger, Inc. Industrials	Held	19,901	0	$27,073,320	+24.7%	1.84%
EDV	Vanguard World Funds Extended Duration ETF	NEW	194,533	NEW	$24,245,758	NEW	1.65%
HDB	Hdfc Bank Ltd Financial Services	Reduced	842,852	-20,689	$21,770,867	+1.3%	1.48%
CRM	Salesforce, Inc. Technology	Added	119,681	+14,335	$18,749,225	−4.7%	1.28%
ALC	Alcon Inc Healthcare	Held	249,707	0	$16,755,339	−10.9%	1.14%
INTU	Intuit Inc. Technology	Added	52,445	+4,371	$13,688,145	−34.1%	0.93%
ZTS	Zoetis Inc. Healthcare	Reduced	163,462	-135,804	$11,746,379	−66.8%	0.80%
EFX	Equifax Inc Industrials	Reduced	67,627	-59,312	$10,733,757	−53.0%	0.73%
RBA	Rb Global Inc. Industrials	Reduced	81,664	-14,788	$9,509,772	+2.9%	0.65%
EWBC	East West Bancorp Inc Financial Services	NEW	10,672	NEW	$1,377,648	NEW	0.09%

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.