Dundas Partners LLP

CIK

1742418

Location

EDINBURGH, X0

Portfolio Value

Small $472,186,706

Diversification

Diversified

Filing Date

Global Rank

#1,616 / 8,586 ▼ 68

Top Industry

Semiconductors 13.3%

3Y Alpha vs SPY

-9.3%

Period ended 3 months ago

Filed May 14, 2026 · 33d

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

+40.2%

SPY

+78.1%

Annualised alpha

-9.3%

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

13 positions · $472,186,706 total · Technology only · 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%	19.70%
AMAT	Applied Materials Inc /De Technology	Reduced	262,946	-11,186	$89,872,313	+27.6%	19.03%
APH	Amphenol Corp /De/ Technology	Reduced	527,892	-4,909	$66,699,154	−7.4%	14.13%
MSFT	Microsoft Corp Technology	Reduced	179,471	-2,987	$66,434,780	−24.7%	14.07%
ADI	Analog Devices Inc Technology	Reduced	198,650	-3,226	$63,198,511	+15.4%	13.38%
ADP	Automatic Data Processing Inc Technology	Reduced	141,280	-1,254	$28,705,270	−21.7%	6.08%
ACN	Accenture plc Technology	Added	114,450	+27,301	$22,694,290	−2.9%	4.81%
INTU	Intuit Inc. Technology	Reduced	48,074	-477	$20,786,236	−35.4%	4.40%
CRM	Salesforce, Inc. Technology	Added	105,346	+21,594	$19,664,937	−11.4%	4.16%
JKHY	Jack Henry & Associates Inc Technology	Reduced	3,043	-548	$480,915	−26.6%	0.10%
LFUS	Littelfuse Inc /De Technology	Reduced	1,341	-249	$455,068	+13.2%	0.10%
BMI	Badger Meter Inc Technology	Reduced	639	-134	$97,351	−27.8%	0.02%
PAYC	Paycom Software, Inc. Technology	Reduced	796	-2,023	$96,745	−78.5%	0.02%