Grandeur Peak Global Advisors, LLC

Fundamental diversified ★Signal CIK 1569137
League rank
#208
in Fundamental diversified · #887 overall
Long book
$426.8M
Q1 2026
Positions
86
Top-10 weight
68%
concentration
Last quarter
+17.7%
SPY +14.8%
Turnover
31%
of book per quarter

Strategy in plain words

auto-generated from filings

Grandeur Peak Global Advisors, LLC is a diversified fundamental manager, running a $426.8M US long book across 86 positions.

The portfolio is concentrated: the top 10 names carry 68% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: MAREX GROUP PLC, MONOLITHIC POWER SYSTEMS INC, BBB FOODS INC-CLASS A, KADANT INC, ITT INC.

Over the last 9 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-4.9%
Q2 2024
+1.2%
Q3 2024
+5.6%
Q4 2024
-11.7%
Q1 2025
+9.6%
Q2 2025
+3.8%
Q3 2025
+4.8%
Q4 2025
+0.6%
Q1 2026
+17.7%

Sector allocation

Industrials
32%
Financials
21%
Technology
19%
Consumer discretionary
13%
Healthcare
11%
Services media
2%
Other
1%
Materials
1%

Long book by quarter

$1.26B
Q1 2024
$1.25B
Q2 2024
$1.21B
Q3 2024
$1.13B
Q4 2024
$901.8M
Q1 2025
$829.9M
Q2 2025
$745.4M
Q3 2025
$742.8M
Q4 2025
$426.8M
Q1 2026

What does Grandeur Peak own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MRX MAREX GROUP PLCFinancials1.3M$59.1M13.8%-25.5%
MPWR MONOLITHIC POWER SYSTEMS INCTechnology51.5K$56.3M13.2%-28.9%
TBBB BBB FOODS INC-CLASS AConsumer discretionary1.0M$36.4M8.5%-21.3%
KAI KADANT INCIndustrials113.6K$33.2M7.8%+311.5%
ITT ITT INCIndustrials146.4K$27.9M6.5%-1.2%
NVT NVENT ELECTRIC PLCIndustrials170.2K$20.1M4.7%-16.2%
LFUS LITTELFUSE INCIndustrials57.1K$19.4M4.5%-39.1%
PRIM PRIMORIS SERVICES CORPIndustrials110.0K$15.7M3.7%-23.7%
ATRC ATRICURE INCHealthcare381.9K$10.9M2.6%+16.3%
LMAT LEMAITRE VASCULAR INCHealthcare98.7K$10.8M2.5%-18.4%
PWP PERELLA WEINBERG PARTNERSFinancials423.5K$7.7M1.8%-35.7%
BELFB BEL FUSE INC-CL BTechnology36.9K$7.3M1.7%-3.3%
PJT PJT PARTNERS INC - AFinancials51.7K$7.2M1.7%+4.0%
TECH BIO-TECHNE CORPHealthcare135.6K$7.1M1.7%-14.3%
PTRN PATTERN GROUP INC-CL AConsumer discretionary498.8K$6.2M1.5%+1004.9%
HLI HOULIHAN LOKEY INCFinancials39.4K$5.7M1.3%-4.7%
PNTG PENNANT GROUP INC/THEHealthcare181.1K$5.5M1.3%-21.6%
FROG JFROG LTDTechnology99.4K$4.7M1.1%-91.7%
CNM CORE & MAIN INC-CLASS AConsumer discretionary76.9K$3.8M0.9%-34.6%
DG DOLLAR GENERAL CORPConsumer discretionary31.6K$3.7M0.9%-13.1%
MPTI M-TRON INDUSTRIES INCTechnology50.8K$3.4M0.8%+15.4%
ENSG ENSIGN GROUP INC/THEHealthcare16.8K$3.4M0.8%-42.0%
HQY HEALTHEQUITY INCServices media36.4K$3.0M0.7%-41.0%
FSS FEDERAL SIGNAL CORPIndustrials27.0K$2.9M0.7%-10.0%
RXST RXSIGHT INCHealthcare465.6K$2.9M0.7%+19.2%
DXCM DEXCOM INCHealthcare45.4K$2.9M0.7%-44.5%
LOAR LOAR HOLDINGS INCIndustrials46.8K$2.7M0.6%-40.7%
CSW CSW INDUSTRIALS INCOther9.9K$2.6M0.6%-23.1%
KRMN KARMAN HOLDINGS INCIndustrials29.7K$2.4M0.6%-46.0%
MOD MODINE MANUFACTURING COIndustrials10.3K$2.2M0.5%-68.0%
ALG ALAMO GROUP INCIndustrials13.4K$2.2M0.5%-52.1%
IBP INSTALLED BUILDING PRODUCTSIndustrials8.2K$2.2M0.5%-45.0%
DSGX DESCARTES SYSTEMS GRP/THETechnology27.8K$2.0M0.5%-91.7%
RBRK RUBRIK INC-ATechnology39.4K$1.9M0.5%-30.9%
VSEC VSE CORPServices media10.1K$1.9M0.4%+136.3%
ICLR ICON PLCHealthcare14.0K$1.5M0.4%+50.6%
RBC RBC BEARINGS INCIndustrials2.8K$1.5M0.4%+11.7%
KIDS ORTHOPEDIATRICS CORPHealthcare94.1K$1.5M0.3%New
HAE HAEMONETICS CORP/MASSHealthcare25.3K$1.4M0.3%+39.6%
NEOG NEOGEN CORPMaterials148.3K$1.4M0.3%-19.1%
MAMA MAMA'S CREATIONS INCConsumer staples84.6K$1.3M0.3%-89.0%
FRPT FRESHPET INCConsumer staples21.9K$1.3M0.3%-83.8%
SPXC SPX TECHNOLOGIES INCIndustrials6.4K$1.3M0.3%+20.9%
ESQ ESQUIRE FINANCIAL HOLDINGS IFinancials11.5K$1.2M0.3%Held
ABX ABACUS GLOBAL MANAGEMENT INCFinancials156.3K$1.2M0.3%-0.1%
TW TRADEWEB MARKETS INC-CLASS AFinancials9.8K$1.2M0.3%-68.3%
GNTX GENTEX CORPIndustrials48.0K$1.0M0.2%Held
IDXX IDEXX LABORATORIES INCMaterials1.8K$1.0M0.2%-47.2%
PAX PATRIA INVESTMENTS LTD-AFinancials79.6K$1.0M0.2%-75.4%
BWMN BOWMAN CONSULTING GROUP LTDServices media30.9K$878K0.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202686$426.8M canonicalSEC ↗
Q4 202513F-HRFeb 13, 2026102$742.8M canonicalSEC ↗
Q3 202513F-HRNov 14, 2025104$745.4M canonicalSEC ↗
Q2 202513F-HRAug 13, 2025104$829.9M canonicalSEC ↗
Q1 202513F-HRMay 15, 2025112$901.8M canonicalSEC ↗
Q4 202413F-HRFeb 13, 2025126$1.13B canonicalSEC ↗
Q3 202413F-HRNov 14, 2024133$1.21B canonicalSEC ↗
Q2 202413F-HRAug 14, 2024131$1.25B canonicalSEC ↗
Q1 202413F-HRMay 16, 2024121$1.26B canonicalSEC ↗