Pembroke Management, LTD

Fundamental diversified ★Signal CIK 1063497
League rank
#578
in Fundamental diversified · #3979 overall
Long book
$691.4M
Q1 2026
Positions
97
Top-10 weight
47%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
22%
of book per quarter

Strategy in plain words

auto-generated from filings

Pembroke Management, LTD is a diversified fundamental manager, running a $691.4M US long book across 97 positions.

The portfolio is moderately concentrated (top 10 ≈ 47% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: MONOLITHIC POWER SYSTEMS INC, RESIDEO TECHNOLOGIES INC, MODINE MANUFACTURING CO, AAON INC, GLOBUS MEDICAL INC - A.

Over the last 9 quarters its long book ran on average 3.4pp per quarter behind the S&P 500, beating the index in 2 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
-4.5%
Q2 2024
+6.9%
Q3 2024
+2.4%
Q4 2024
-11.8%
Q1 2025
+7.5%
Q2 2025
+10.7%
Q3 2025
-5.7%
Q4 2025
-6.5%
Q1 2026
+11.3%

Sector allocation

Industrials
26%
Consumer discretionary
21%
Technology
19%
Healthcare
10%
Financials
7%
Other
7%
Services media
6%
Energy
1%

Long book by quarter

$849.9M
Q1 2024
$744.4M
Q2 2024
$784.1M
Q3 2024
$802.0M
Q4 2024
$685.8M
Q1 2025
$826.7M
Q2 2025
$1.01B
Q3 2025
$967.9M
Q4 2025
$691.4M
Q1 2026

What does Pembroke Management, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MPWR MONOLITHIC POWER SYSTEMS INCTechnology34.4K$37.6M5.4%-35.3%
REZI RESIDEO TECHNOLOGIES INCConsumer discretionary1.1M$37.6M5.4%-22.8%
MOD MODINE MANUFACTURING COIndustrials165.9K$35.9M5.2%-21.4%
AAON AAON INCIndustrials430.1K$35.6M5.1%-21.4%
GMED GLOBUS MEDICAL INC - AHealthcare408.5K$35.2M5.1%-28.3%
CNM CORE & MAIN INC-CLASS AConsumer discretionary706.2K$34.9M5.0%-21.2%
FSS FEDERAL SIGNAL CORPIndustrials287.9K$31.1M4.5%-22.7%
P EVERPURE INC-ATechnology456.6K$27.0M3.9%-23.8%
SITE SITEONE LANDSCAPE SUPPLY INCConsumer discretionary197.5K$26.3M3.8%-24.7%
MDA MDA SPACE LTDIndustrials974.1K$24.7M3.6%New
IBP INSTALLED BUILDING PRODUCTSIndustrials75.0K$19.9M2.9%-42.9%
TECH BIO-TECHNE CORPHealthcare372.3K$19.5M2.8%-27.4%
WSO WATSCO INCConsumer discretionary51.9K$18.9M2.7%+10.8%
IMAX IMAX CORPOther487.9K$18.5M2.7%-5.2%
HGTY HAGERTY INC-AFinancials1.7M$18.3M2.6%-22.0%
LPX LOUISIANA-PACIFIC CORPOther222.5K$16.2M2.3%+64.1%
BGSI THE BOYD GROUP INCServices media114.1K$14.6M2.1%-4.5%
WK WORKIVA INCTechnology224.9K$13.4M1.9%-52.6%
AX AXOS FINANCIAL INCFinancials148.6K$12.6M1.8%-48.5%
ENPH ENPHASE ENERGY INCTechnology302.7K$11.4M1.7%New
VBNK VERSABANKFinancials704.8K$10.0M1.4%-4.3%
SAIA SAIA INCIndustrials26.0K$9.1M1.3%New
DORM DORMAN PRODUCTS INCIndustrials87.1K$9.1M1.3%-44.7%
VSEC VSE CORPServices media49.0K$9.0M1.3%New
CLBT CELLEBRITE DI LTDTechnology637.9K$8.8M1.3%-53.8%
DSGX DESCARTES SYSTEMS GRP/THETechnology103.3K$7.4M1.1%+2.3%
GIL GILDAN ACTIVEWEAR INCOther124.2K$6.9M1.0%-22.0%
CRAI CRA INTERNATIONAL INCServices media42.1K$6.8M1.0%-44.7%
OBE OBSIDIAN ENERGY LTDEnergy639.4K$6.1M0.9%New
OLLI OLLIE'S BARGAIN OUTLET HOLDIConsumer discretionary65.5K$6.0M0.9%-41.1%
UTI UNIVERSAL TECHNICAL INSTITUTServices media162.9K$5.9M0.9%-42.5%
HCSG HEALTHCARE SERVICES GROUPHealthcare299.1K$5.5M0.8%New
VCTR VICTORY CAPITAL HOLDING - AFinancials82.7K$5.4M0.8%-44.4%
LCII LCI INDUSTRIESIndustrials42.0K$5.2M0.7%-29.0%
RDVT RED VIOLET INCTechnology133.4K$4.6M0.7%-46.1%
PNTG PENNANT GROUP INC/THEHealthcare144.0K$4.4M0.6%New
QTWO Q2 HOLDINGS INCTechnology91.9K$4.3M0.6%-73.2%
CHWY CHEWY INC - CLASS AConsumer discretionary160.3K$4.3M0.6%-46.0%
FIVE FIVE BELOWConsumer discretionary18.7K$4.3M0.6%-60.4%
AIR AAR CORPIndustrials33.7K$3.7M0.5%New
MAIN MAIN STREET CAPITAL CORP64.9K$3.4M0.5%+0.6%
TSAT TELESAT CORPCommunications92.8K$3.4M0.5%New
BROS DUTCH BROS INC-CLASS AConsumer discretionary54.0K$2.7M0.4%-44.1%
RY ROYAL BANK OF CANADAFinancials13.3K$2.1M0.3%Held
STVN STEVANATO GROUP SPAHealthcare150.8K$2.1M0.3%-88.1%
BOBS BOB'S DISCOUNT FURNITUREConsumer discretionary175.3K$2.1M0.3%New
PRCH PORCH GROUP INCTechnology271.1K$1.9M0.3%New
WCN WASTE CONNECTIONS INCUtilities10.6K$1.7M0.2%+60.3%
CAE CAE INCTechnology65.8K$1.7M0.2%+6.3%
BWMN BOWMAN CONSULTING GROUP LTDServices media51.4K$1.5M0.2%-88.3%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202697$691.4M canonicalSEC ↗
Q4 202513F-HRFeb 12, 202692$967.9M canonicalSEC ↗
Q3 202513F-HROct 28, 202589$1.01B canonicalSEC ↗
Q2 202513F-HRAug 7, 202578$826.7M canonicalSEC ↗
Q1 202513F-HRMay 15, 202559$685.8M canonicalSEC ↗
Q4 202413F-HRJan 31, 202560$802.0M canonicalSEC ↗
Q3 202413F-HROct 29, 202458$784.1M canonicalSEC ↗
Q2 202413F-HRAug 1, 202462$744.4M canonicalSEC ↗
Q1 202413F-HRMay 8, 202461$849.9M canonicalSEC ↗