DP
Dundas Partners LLP 13F Holdings (Q2 2026) — Stock Portfolio & Buys
Dundas Partners LLPCIK: 0001742418
Momentum followerQuality / disciplined sizingSector-focused
Total reported value
$1.4B
Reporting period: 2026-06-30 · Number of holdings: 31
Dundas Partners LLP disclosed 31 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.4B and a quarterly turnover rate of 27.4%.
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Personality snowflake
- Concentration
- 22.25
- Portfolio Stability
- 27.37
- Momentum
- 100
- Sector conviction
- 82.31
- Diversification
- 62
- Sizing Uniformity
- 91.35
Dundas Partners LLP's disclosed holdings carry a Herfindahl concentration index of 0.056 — mathematically equivalent to about 18 equally-sized positions, well below its 31 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.87), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.0 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AMAT
-3.9% $92.7M
Trim ZTS
-45.4% -$23.6M
Sold out ACN
Add TSM
-3.6% $33.7M
New buy ESGV
Sold out MSCI
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AMAT | Applied Materials Inc | Stock-Tech | 13.21% | +6.04% | -3.95% | |
| 2 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 9.17% | +1.75% | -3.57% | |
| 3 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 7.22% | +0.59% | -2.49% | |
| 4 | APH | Amphenol Corp-cl A | Stock-Tech | 6.30% | +0.98% | -6.35% | |
| 5 | ADI | Analog Devices Inc | Stock-Tech | 5.51% | +0.47% | -3.48% | |
| 6 | V | Visa Inc-class A Shares | Stock-Financials | 5.05% | +0.37% | +4.88% | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 4.60% | -0.70% | -4.97% | |
| 8 | AXP | American Express Co | Stock-Financials | 4.19% | -0.06% | -2.90% | |
| 9 | ROST | Ross Stores Inc | Stock-Consumer Disc | 3.68% | -0.44% | — | |
| 10 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 3.53% | -0.29% | — | |
| 11 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 3.14% | +0.08% | +2571.51% | |
| 12 | NDAQ | Nasdaq Inc | Stock-Financials | 2.92% | -0.55% | — | |
| 13 | AME | Ametek Inc | Stock-Industrials | 2.87% | +0.07% | — | |
| 14 | RMD | Resmed Inc | Stock-Healthcare | 2.86% | -0.77% | — | |
| 15 | BRO | Brown & Brown Inc | Stock-Financials | 2.83% | -0.60% | -7.53% | |
| 16 | ABT | Abbott Laboratories | Stock-Healthcare | 2.78% | -0.69% | — | |
| 17 | MA | Mastercard Inc - A | Stock-Financials | 2.44% | +0.20% | +17.19% | |
| 18 | ADP | Automatic Data Processing | Stock-Tech | 2.29% | — | — | |
| 19 | SYK | Stryker CORP | Stock-Healthcare | 2.16% | -0.33% | — | |
| 20 | WRB | Wr Berkley CORP | Stock-Financials | 1.99% | -0.07% | — | |
| 21 | GWW | Ww Grainger Inc | Stock-Industrials | 1.96% | +0.23% | — | |
| 22 | ESGV | Vanguard Esg US Stock ETF | ETF-Other | 1.58% | +1.58% | NEW | |
| 23 | HDB | Hdfc Bank Ltd-adr | Stock-Financials | 1.57% | -0.14% | -2.40% | |
| 24 | CRM | Salesforce Inc | Stock-Tech | 1.36% | -0.21% | +13.61% | |
| 25 | ALC | Alcon Inc. | Stock-Healthcare | 1.22% | -0.26% | — | |
| 26 | INTU | Intuit Inc | Stock-Tech | 0.99% | -0.67% | +9.09% | |
| 27 | ZTS | Zoetis Inc | Stock-Healthcare | 0.85% | -1.97% | -45.38% | |
| 28 | EFX | Equifax Inc | Stock-Industrials | 0.78% | -1.04% | -46.72% | |
| 29 | RBA | Rb Global Inc | Stock-Industrials | 0.69% | -0.05% | -15.33% | |
| 30 | VSGX | Vanguard Esg Intl Stock ETF | ETF-Other | 0.18% | +0.18% | NEW | |
| 31 | EWBC | East West Bancorp Inc | Stock-Financials | 0.10% | +0.10% | NEW |
Portfolio Performance
Performance for Q3 2026
+7.4%
Performance Last 4 Quarters
+12.8%
- Stdev
- +13.6%
- Beta
- +0.9
- Alpha
- -1.7%
- Max Drawdown
- -7.9%
- Annualized Perf
- +16.6%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.24
- Stutzer
- +0.35
- Treynor
- +0.18
- Sterling
- +1.03
- Calmar
- +2.12
- Information Ratio
- -0.52
- Tracking Error
- +7%
- Stdev Down
- +7.3%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +38.4%
- Worst 12 Months
- +6%
- Efficiency Ratio
- +0.51
- Sharpe
- +1.21
- Stdev Sectors
- +13.4%
- Skewness
- -0.08
- Kurtosis
- +0.05
- Upside Potential
- +3.74
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 31 | $1.4B | 27 | ||
| 2026 Q1 | 49 | $1.3B | 19 | ||
| 2025 Q4 | 49 | $1.4B | 12 | ||
| 2025 Q3 | 50 | $1.4B | 39 | ||
| 2025 Q2 | 50 | $1.4B | 0 | ||
| 2025 Q1 | 49 | $1.4B | 100 | ||
| 2024 Q4 | 50 | $1.4B | 0 | ||
| 2024 Q3 | 51 | $1.4B | 0 | ||
| 2024 Q2 | 50 | $1.3B | 0 | ||
| 2024 Q1 | 46 | $1.3B | 0 | ||
| 2023 Q4 | 47 | $1.1B | 0 | ||
| 2023 Q3 | 50 | $1.0B | 0 | ||
| 2023 Q2 | 52 | $1.1B | 0 | ||
| 2023 Q1 | 51 | $956.3M | 0 | ||
| 2022 Q4 | 51 | $920.1M | 0 | ||
| 2022 Q3 | 52 | $859.6M | 0 | ||
| 2022 Q2 | 55 | $923.5M | 0 | ||
| 2022 Q1 | 56 | $1.1B | 0 | ||
| 2021 Q4 | 55 | $804.6M | 0 | ||
| 2021 Q3 | 56 | $708.8M | 0 | ||
| 2021 Q2 | 37 | $689.2M | 96 | ||
| 2021 Q1 | 37 | $632.2M | 20 | ||
| 2020 Q4 | 34 | $684.2M | 31 | ||
| 2020 Q3 | 33 | $498.6M | 10 | ||
| 2020 Q2 | 33 | $457.3M | 30 | ||
| 2020 Q1 | 34 | $381.6M | 31 | ||
| 2019 Q4 | 29 | $441.8M | 10 | ||
| 2019 Q3 | 29 | $401.6M | 14 | ||
| 2019 Q2 | 31 | $428.1M | 11 | ||
| 2019 Q1 | 32 | $406.1M | 33 | ||
| 2018 Q4 | 32 | $457.9M | 11 | ||
| 2018 Q3 | 32 | $495.3M | 77 | ||
| 2018 Q2 | 36 | $293.3M | 11 | ||
| 2018 Q1 | 36 | $322.7M | 0 |
Holding changes this quarter
Dundas Partners LLP's most significant position changes for 2026-06-30: Sold out: Accenture plc (ACN); New buy: Vanguard Esg US Stock ETF (ESGV); Sold out: Msci Inc (MSCI); New buy: Vanguard Esg Intl Stock ETF (VSGX); New buy: East West Bancorp Inc (EWBC).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMAT | Applied Materials Inc | +6% | -3.95% | Trim |
| 2 | TSM | Taiwan Semiconductor-sp Adr | +1.8% | -3.57% | Trim |
| 3 | ESGV | Vanguard Esg US Stock ETF | +1.6% | NEW | New buy |
| 4 | APH | Amphenol Corp-cl A | +1% | -6.35% | Trim |
| 5 | GOOG | Alphabet Inc-cl C | +0.6% | -2.49% | Trim |
| 6 | ADI | Analog Devices Inc | +0.5% | -3.48% | Trim |
| 7 | V | Visa Inc-class A Shares | +0.4% | +4.88% | Add |
| 8 | GWW | Ww Grainger Inc | +0.2% | — | Unchanged |
| 9 | MA | Mastercard Inc - A | +0.2% | +17.19% | Add |
| 10 | VSGX | Vanguard Esg Intl Stock ETF | +0.2% | NEW | New buy |
| 11 | EWBC | East West Bancorp Inc | +0.1% | NEW | New buy |
| 12 | BKNG | Booking Holdings Inc | +0.1% | +2571.51% | Add |
| 13 | AME | Ametek Inc | +0.1% | — | Unchanged |
| 14 | ADP | Automatic Data Processing | — | — | Unchanged |
| 15 | TRU | Transunion | 0% | EXIT | Sold out |
| 16 | IDCC 3.5 06-01-27Bond | Interdigital Inc | 0% | EXIT | Sold out |
| 17 | RYAN | Ryan Specialty Holdings Inc | 0% | EXIT | Sold out |
| 18 | RLI | Rli CORP | 0% | EXIT | Sold out |
| 19 | BMI | Badger Meter Inc | 0% | EXIT | Sold out |
| 20 | PAYC | Paycom Software Inc | 0% | EXIT | Sold out |
| 21 | EVR | Evercore Inc - A | 0% | EXIT | Sold out |
| 22 | MKTX | Marketaxess Holdings Inc | 0% | EXIT | Sold out |
| 23 | HLNE | Hamilton Lane Inc-class A | 0% | EXIT | Sold out |
| 24 | LMAT | Lemaitre Vascular Inc | 0% | EXIT | Sold out |
| 25 | TECH | Bio-techne CORP | 0% | EXIT | Sold out |
| 26 | CR | Crane Co | 0% | EXIT | Sold out |
| 27 | SF | Stifel Financial CORP | 0% | EXIT | Sold out |
| 28 | WTS | Watts Water Technologies-a | 0% | EXIT | Sold out |
| 29 | ESAB | Esab CORP | 0% | EXIT | Sold out |
| 30 | NVT | nVent Electric plc | 0% | EXIT | Sold out |
| 31 | JKHY | Jack Henry & Associates Inc | 0% | EXIT | Sold out |
| 32 | AIT | Applied Industrial Tech Inc | 0% | EXIT | Sold out |
| 33 | LFUS | Littelfuse Inc | 0% | EXIT | Sold out |
| 34 | RBA | Rb Global Inc | -0.1% | -15.33% | Trim |
| 35 | AXP | American Express Co | -0.1% | -2.90% | Trim |
| 36 | WRB | Wr Berkley CORP | -0.1% | — | Unchanged |
| 37 | HDB | Hdfc Bank Ltd-adr | -0.1% | -2.40% | Trim |
| 38 | CRM | Salesforce Inc | -0.2% | +13.61% | Add |
| 39 | ALC | Alcon Inc. | -0.3% | — | Unchanged |
| 40 | TMO | Thermo Fisher Scientific Inc | -0.3% | — | Unchanged |
| 41 | SYK | Stryker CORP | -0.3% | — | Unchanged |
| 42 | ROST | Ross Stores Inc | -0.4% | — | Unchanged |
| 43 | NDAQ | Nasdaq Inc | -0.6% | — | Unchanged |
| 44 | BRO | Brown & Brown Inc | -0.6% | -7.53% | Trim |
| 45 | INTU | Intuit Inc | -0.7% | +9.09% | Add |
| 46 | ABT | Abbott Laboratories | -0.7% | — | Unchanged |
| 47 | MSFT | Microsoft CORP | -0.7% | -4.97% | Trim |
| 48 | RMD | Resmed Inc | -0.8% | — | Unchanged |
| 49 | EFX | Equifax Inc | -1% | -46.72% | Trim |
| 50 | MSCI | Msci Inc | -1.6% | EXIT | Sold out |
1–50 of 52
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Filing History
FAQ
What is Dundas Partners LLP and what type of investor is it?
Dundas Partners LLP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.4B, spread across 31 disclosed positions.
What are Dundas Partners LLP's largest equity positions?
Based on the latest 13F filing, Dundas Partners LLP's top holdings by market value are:
1. Applied Materials Inc (AMAT) — $182.6M (13.2%)
2. Taiwan Semiconductor-sp Adr (TSM) — $126.7M (9.2%)
3. Alphabet Inc-cl C (GOOG) — $99.9M (7.2%)
4. Amphenol Corp-cl A (APH) — $87.2M (6.3%)
5. Analog Devices Inc (ADI) — $76.2M (5.5%)
What changes did Dundas Partners LLP make in its most recent portfolio filing?
In the latest reported quarter, Dundas Partners LLP made 41 notable position adjustments: 3 new positions were initiated, 5 existing holdings were added to, 12 positions were partially reduced, and 21 were completely exited. The largest of these moves: Sold out: Accenture plc (ACN); New buy: Vanguard Esg US Stock ETF (ESGV); Sold out: Msci Inc (MSCI); New buy: Vanguard Esg Intl Stock ETF (VSGX); New buy: East West Bancorp Inc (EWBC)
What sectors does Dundas Partners LLP focus on?
Dundas Partners LLP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 44.2%
• Financials: 21.5%
• Health Care: 13.7%
• Communication Services: 7.3%
• Consumer Discretionary: 6.9%
• Industrials: 6.4%
Investment Profile
Dundas Partners LLP returned an annualized 16.6% over the trailing 36 months — underperforming the S&P 500 by 1.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.90 (roughly in line with the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 44.2% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 27 over the past 4 quarters — a shift toward more active trading.
It has added to its AMAT position over the past two quarters (+$112.2M, now $182.6M), while trimming ZTS over the same stretch (-$26.7M, still holding $11.7M).
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