Tributary Capital Management, LLC
Long book
$1.03B
Q1 2026
Positions
164
Top-10 weight
26%
concentration
Last quarter
+18.9%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsTributary Capital Management, LLC is an institutional manager, running a $1.03B US long book across 164 positions.
The portfolio is moderately concentrated (top 10 ≈ 26% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ESCO TECHNOLOGIES INC, ENPRO INC, VIAVI SOLUTIONS INC, MOELIS & CO - CLASS A, ADVANCED ENERGY INDUSTRIES.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.1%
Q2 2024
+10.8%
Q3 2024
-1.6%
Q4 2024
-8.3%
Q1 2025
+3.9%
Q2 2025
+3.3%
Q3 2025
-0.8%
Q4 2025
+4.8%
Q1 2026
+18.9%
Sector allocation
Technology 25%
Financials 17%
Services media 12%
Industrials 12%
Healthcare 9%
Other 8%
Consumer discretionary 5%
Utilities 4%
Long book by quarter
What does Tributary Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ESE ESCO TECHNOLOGIES INC | Technology | 140.9K | $39.6M | 3.8% | -2.9% |
| NPO ENPRO INC | Other | 124.8K | $31.3M | 3.0% | -2.8% |
| VIAV VIAVI SOLUTIONS INC | Technology | 821.0K | $27.3M | 2.7% | -20.1% |
| MC MOELIS & CO - CLASS A | Financials | 476.2K | $27.1M | 2.6% | +28.8% |
| AEIS ADVANCED ENERGY INDUSTRIES | Technology | 79.6K | $25.7M | 2.5% | -43.1% |
| SBCF SEACOAST BANKING CORP/FL | Financials | 813.4K | $24.6M | 2.4% | +12.2% |
| NOG NORTHERN OIL AND GAS INC | Energy | 830.4K | $24.3M | 2.4% | -0.9% |
| DIOD DIODES INC | Technology | 341.2K | $23.3M | 2.3% | -1.4% |
| AUB ATLANTIC UNION BANKSHARES CO | Financials | 638.9K | $22.8M | 2.2% | -2.9% |
| IDA IDACORP INC | Utilities | 158.8K | $22.7M | 2.2% | -2.7% |
| BHE BENCHMARK ELECTRONICS INC | Technology | 397.5K | $22.3M | 2.2% | -2.9% |
| KALU KAISER ALUMINUM CORP | Industrials | 176.2K | $21.2M | 2.1% | -24.3% |
| COHU COHU INC | Technology | 687.2K | $21.0M | 2.0% | -2.3% |
| MMI MARCUS & MILLICHAP INC | Real estate | 762.5K | $20.3M | 2.0% | +24.5% |
| BCPC BALCHEM CORP | Materials | 117.7K | $19.9M | 1.9% | -2.7% |
| LFUS LITTELFUSE INC | Industrials | 56.6K | $19.2M | 1.9% | -3.1% |
| SIGI SELECTIVE INSURANCE GROUP | Financials | 250.6K | $18.9M | 1.8% | -2.3% |
| ENS ENERSYS | Technology | 100.9K | $17.5M | 1.7% | -16.6% |
| KFY KORN FERRY | Services media | 276.1K | $17.4M | 1.7% | -2.8% |
| ADUS ADDUS HOMECARE CORP | Healthcare | 179.8K | $16.8M | 1.6% | -2.9% |
| POWI POWER INTEGRATIONS INC | Technology | 325.4K | $16.7M | 1.6% | +7.3% |
| EXLS EXLSERVICE HOLDINGS INC | Services media | 546.3K | $16.6M | 1.6% | +31.2% |
| STC STEWART INFORMATION SERVICES | Financials | 256.9K | $15.8M | 1.5% | -2.9% |
| CPK CHESAPEAKE UTILITIES CORP | Utilities | 122.2K | $15.4M | 1.5% | -2.9% |
| PBH PRESTIGE CONSUMER HEALTHCARE | Healthcare | 260.5K | $15.4M | 1.5% | +16.5% |
| CON CONCENTRA GROUP HOLDINGS PAR | Healthcare | 712.0K | $15.3M | 1.5% | +25.6% |
| DORM DORMAN PRODUCTS INC | Industrials | 146.0K | $15.2M | 1.5% | +33.6% |
| ALG ALAMO GROUP INC | Industrials | 92.0K | $15.2M | 1.5% | -1.1% |
| CSW CSW INDUSTRIALS INC | Other | 57.5K | $15.0M | 1.5% | -2.9% |
| MCRI MONARCH CASINO & RESORT INC | Services media | 156.2K | $14.9M | 1.4% | -13.8% |
| OBK ORIGIN BANCORP INC | Financials | 356.9K | $14.8M | 1.4% | -2.9% |
| MZTI MARZETTI COMPANY/THE | Consumer staples | 105.1K | $14.5M | 1.4% | +2280.4% |
| FBK FB FINANCIAL CORP | Financials | 277.3K | $14.4M | 1.4% | New |
| PATK PATRICK INDUSTRIES INC | Industrials | 127.2K | $14.1M | 1.4% | -12.1% |
| GOLF ACUSHNET HOLDINGS CORP | Other | 150.5K | $14.1M | 1.4% | -29.3% |
| PLUS EPLUS INC | Consumer discretionary | 183.0K | $13.8M | 1.3% | +13.5% |
| ICFI ICF INTERNATIONAL INC | Services media | 210.6K | $13.8M | 1.3% | -1.6% |
| RAMP LIVERAMP HOLDINGS INC | Technology | 514.6K | $13.6M | 1.3% | -2.0% |
| ITGR INTEGER HOLDINGS CORP | Healthcare | 152.1K | $13.4M | 1.3% | -31.3% |
| FELE FRANKLIN ELECTRIC CO INC | Industrials | 141.8K | $13.1M | 1.3% | -2.7% |
| OLLI OLLIE'S BARGAIN OUTLET HOLDI | Consumer discretionary | 133.2K | $12.3M | 1.2% | +14.9% |
| BOOT BOOT BARN HOLDINGS INC | Consumer discretionary | 82.1K | $12.0M | 1.2% | -22.4% |
| MBWM MERCANTILE BANK CORP | Financials | 224.6K | $11.3M | 1.1% | -2.9% |
| ENOV ENOVIS CORP | Healthcare | 495.1K | $11.3M | 1.1% | -6.2% |
| AMN AMN HEALTHCARE SERVICES INC | Services media | 598.5K | $11.0M | 1.1% | +57.3% |
| CASS CASS INFORMATION SYSTEMS INC | Services media | 248.9K | $11.0M | 1.1% | -2.9% |
| GPOR GULFPORT ENERGY CORP | Energy | 51.3K | $10.8M | 1.1% | New |
| PLPC PREFORMED LINE PRODUCTS CO | Industrials | 39.4K | $10.7M | 1.0% | New |
| IPAR INTERPARFUMS INC | Other | 114.1K | $10.4M | 1.0% | -1.1% |
| KFRC KFORCE INC | Services media | 351.8K | $10.3M | 1.0% | -6.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 165 | $1.03B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 169 | $1.02B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ARESTATEMENT | Jan 27, 2026 | 169 | $1.11B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 23, 2025 | 190 | $2.11B | SEC ↗ | |
| Q2 2025 | 13F-HR | Jul 30, 2025 | 168 | $1.13B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 167 | $1.14B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 21, 2025 | 227 | $1.29B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 24, 2024 | 228 | $1.29B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 24, 2024 | 214 | $1.21B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 18, 2024 | 213 | $1.22B | canonical | SEC ↗ |
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