PM
Pembroke Management, LTD Quarterly 13F Portfolio Update (Q2 2026)
Pembroke Management, LTDCIK: 0001063497
Diversified strategyMomentum followerSector-focused
Total reported value
$773.7M
Reporting period: 2026-06-30 · Number of holdings: 100
Pembroke Management, LTD disclosed 100 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $773.7M and a quarterly turnover rate of 38.0%.
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Personality snowflake
- Concentration
- 11.18
- Portfolio Stability
- 37.95
- Momentum
- 100
- Sector conviction
- 88.09
- Diversification
- 100
- Sizing Uniformity
- 86.53
Pembroke Management, LTD's disclosed holdings carry a Herfindahl concentration index of 0.028 — mathematically equivalent to about 36 equally-sized positions, well below its 100 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.35), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd VSEC
+204.6% $25.0M
Sold out TECH
Trim CNM
-38.1% -$13.8M
Sold out WK
Trim SITE
-31.1% -$10.7M
New buy LGND
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | P | Everpure Inc-a | Stock-Tech | 5.07% | +1.17% | +8.96% | |
| 2 | MOD | Modine Manufacturing Co | Stock-Consumer Disc | 4.97% | -0.23% | -13.25% | |
| 3 | AAON | Aaon Inc | Stock-Industrials | 4.87% | -0.28% | -30.99% | |
| 4 | MPWR | Monolithic Power Systems Inc | Stock-Tech | 4.75% | -0.69% | -22.75% | |
| 5 | FSS | Federal Signal CORP | Stock-Industrials | 4.71% | +0.21% | -1.55% | |
| 6 | REZI | Resideo Technologies Inc | Stock-Industrials | 4.52% | -0.92% | +0.89% | |
| 7 | VSEC | Vse CORP | Stock-Industrials | 4.40% | +3.09% | +204.55% | |
| 8 | GMED | Globus Medical Inc - A | Stock-Healthcare | 4.07% | -1.02% | -2.37% | |
| 9 | IMAX | Imax CORP | Stock-Other | 2.74% | +0.06% | +8.99% | |
| 10 | WSO | Watsco Inc | Stock-Industrials | 2.73% | — | -2.34% | |
| 11 | CNM | Core & Main Inc-class A | Stock-Industrials | 2.73% | -2.32% | -38.06% | |
| 12 | MDA | Mda Space LTD | Stock-Other | 2.71% | -0.86% | -47.80% | |
| 13 | HGTY | Hagerty Inc-a | Stock-Other | 2.62% | -0.03% | -2.02% | |
| 14 | OLLI | Ollie's Bargain Outlet Holdi | Stock-Consumer Staples | 2.51% | +1.64% | +285.04% | |
| 15 | IBP | Installed Building Products | Stock-Consumer Disc | 2.40% | -0.48% | +7.80% | |
| 16 | VBNK | Versabank | Stock-Other | 2.28% | +0.84% | +7.82% | |
| 17 | LPX | Louisiana-pacific CORP | Stock-Industrials | 2.21% | -0.13% | -2.35% | |
| 18 | ENPH | Enphase Energy Inc | Stock-Tech | 2.20% | +0.54% | +14.25% | |
| 19 | SAIA | Saia Inc | Stock-Industrials | 2.16% | +0.84% | +52.27% | |
| 20 | SITE | Siteone Landscape Supply Inc | Stock-Industrials | 2.01% | -1.79% | -31.15% | |
| 21 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.99% | -0.10% | -6.86% | |
| 22 | AX | Axos Financial Inc | Stock-Financials | 1.80% | -0.03% | -3.66% | |
| 23 | HCSG | Healthcare Services Group | Stock-Other | 1.66% | +0.86% | +74.94% | |
| 24 | LGND | Ligand Pharmaceuticals | Stock-Healthcare | 1.65% | +1.65% | NEW | |
| 25 | DORM | Dorman Products Inc | Stock-Consumer Disc | 1.47% | +0.16% | -4.11% | |
| 26 | TKR | Timken Co | Stock-Industrials | 1.39% | +1.39% | NEW | |
| 27 | BGSI | THE Boyd Group Inc | Stock-Other | 1.37% | -0.74% | -2.06% | |
| 28 | RDVT | Red Violet Inc | Stock-Other | 1.09% | +0.42% | -0.49% | |
| 29 | BROS | Dutch Bros Inc-class A | Stock-Consumer Disc | 1.07% | +0.67% | +112.59% | |
| 30 | OBE | Obsidian Energy LTD | Stock-Other | 1.04% | +0.16% | +54.87% | |
| 31 | CLBT | Cellebrite DI Ltd. | Stock-Other | 0.96% | -0.31% | -20.57% | |
| 32 | DSGX | Descartes Systems Grp/the | Stock-Tech | 0.93% | -0.14% | +0.64% | |
| 33 | VCTR | Victory Capital Holding - A | Stock-Other | 0.88% | +0.10% | -2.40% | |
| 34 | GIL | Gildan Activewear Inc | Stock-Consumer Disc | 0.82% | -0.18% | -0.61% | |
| 35 | PRCH | Porch Group Inc | Stock-Other | 0.80% | +0.52% | +51.92% | |
| 36 | CRAI | Cra International Inc | Stock-Other | 0.79% | -0.20% | +1.64% | |
| 37 | UTI | Universal Technical Institut | Stock-Other | 0.76% | -0.09% | -15.27% | |
| 38 | PNTG | Pennant Group Inc/the | Stock-Other | 0.67% | +0.04% | -3.19% | |
| 39 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.64% | -0.06% | -4.18% | |
| 40 | OUST | Ouster Inc | Stock-Other | 0.64% | +0.64% | NEW | |
| 41 | AIR | Aar CORP | Stock-Industrials | 0.61% | +0.08% | -2.12% | |
| 42 | TSAT | Telesat CORP | Stock-Other | 0.60% | +0.11% | -1.17% | |
| 43 | WING | Wingstop Inc | Stock-Consumer Disc | 0.59% | +0.59% | NEW | |
| 44 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.52% | -0.04% | -13.07% | |
| 45 | BOBS | Bob's Discount Furniture | Stock-Other | 0.51% | +0.21% | +41.96% | |
| 46 | MAIN | Main Street Capital CORP | Stock-Financials | 0.44% | -0.06% | +2.07% | |
| 47 | LTH | Life Time Group Holdings Inc | Stock-Other | 0.44% | +0.44% | NEW | |
| 48 | FIVE | Five Below | Stock-Consumer Disc | 0.42% | -0.20% | -2.92% | |
| 49 | ✓ | Versigent LTD | Stock-Other | 0.42% | +0.42% | NEW | |
| 50 | TXG | 10x Genomics Inc-class A | Stock-Other | 0.41% | +0.41% | NEW |
1–50 of 100
Portfolio Performance
Performance for Q3 2026
-5.8%
Performance Last 4 Quarters
-7.5%
- Stdev
- +21.1%
- Beta
- +1.24
- Alpha
- -20.3%
- Max Drawdown
- -17%
- Annualized Perf
- +2.4%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +0.34
- Stutzer
- +0.06
- Treynor
- +0.04
- Sterling
- +0.11
- Calmar
- +0.14
- Information Ratio
- -1.1
- Tracking Error
- +14.1%
- Stdev Down
- +13.6%
- Winning Months %
- +50%
- Losing Months %
- +50%
- Best 12 Months
- +30.9%
- Worst 12 Months
- -11.5%
- Efficiency Ratio
- +0.04
- Sharpe
- +0.22
- Stdev Sectors
- +14.2%
- Skewness
- +0.12
- Kurtosis
- -0.55
- Upside Potential
- +2.24
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 100 | $773.7M | 38 | ||
| 2026 Q1 | 97 | $691.4M | 57 | ||
| 2025 Q4 | 92 | $967.9M | 28 | ||
| 2025 Q3 | 89 | $1.0B | 52 | ||
| 2025 Q2 | 78 | $826.7M | 0 | ||
| 2025 Q1 | 59 | $685.8M | 100 | ||
| 2024 Q4 | 60 | $802.0M | 0 | ||
| 2024 Q3 | 58 | $784.1M | 0 | ||
| 2024 Q2 | 62 | $744.4M | 0 | ||
| 2024 Q1 | 61 | $849.9M | 0 | ||
| 2023 Q4 | 62 | $805.5M | 0 | ||
| 2023 Q3 | 58 | $732.4M | 0 | ||
| 2023 Q2 | 63 | $928.0M | 0 | ||
| 2023 Q1 | 63 | $914.5M | 0 | ||
| 2022 Q4 | 66 | $935.0M | 0 | ||
| 2022 Q3 | 66 | $900.9M | 0 | ||
| 2022 Q2 | 64 | $967.2M | 0 | ||
| 2022 Q1 | 68 | $1.2B | 0 | ||
| 2021 Q4 | 73 | $1.4B | 0 | ||
| 2021 Q3 | 67 | $1.3B | 0 | ||
| 2021 Q2 | 66 | $1.3B | 97 | ||
| 2021 Q1 | 65 | $1.2B | 35 | ||
| 2020 Q4 | 61 | $1.2B | 37 | ||
| 2020 Q3 | 59 | $918.0M | 31 | ||
| 2020 Q2 | 59 | $850.7M | 40 | ||
| 2020 Q1 | 58 | $629.9M | 71 | ||
| 2019 Q4 | 73 | $1.2B | 39 | ||
| 2019 Q3 | 63 | $919.3M | 23 | ||
| 2019 Q2 | 61 | $947.1M | 25 | ||
| 2019 Q1 | 61 | $924.7M | 40 | ||
| 2018 Q4 | 58 | $733.4M | 40 | ||
| 2018 Q3 | 58 | $973.1M | 23 | ||
| 2018 Q2 | 60 | $978.2M | 30 | ||
| 2018 Q1 | 63 | $943.7M | 25 | ||
| 2017 Q4 | 62 | $973.6M | 22 | ||
| 2017 Q3 | 61 | $1.0B | 26 | ||
| 2017 Q2 | 63 | $1.1B | 26 | ||
| 2017 Q1 | 58 | $1.0B | 27 | ||
| 2016 Q4 | 58 | $980.6M | 31 | ||
| 2016 Q3 | 57 | $1.0B | 33 | ||
| 2016 Q2 | 55 | $1.1B | 23 | ||
| 2016 Q1 | 53 | $1.1B | 32 | ||
| 2015 Q4 | 56 | $1.2B | 37 | ||
| 2015 Q3 | 52 | $1.3B | 25 | ||
| 2015 Q2 | 53 | $1.6B | 35 | ||
| 2015 Q1 | 50 | $1.6B | 23 | ||
| 2014 Q4 | 48 | $1.6B | 53 | ||
| 2014 Q3 | 41 | $1.3B | 43 | ||
| 2014 Q2 | 43 | $1.3B | 31 | ||
| 2014 Q1 | 45 | $1.2B | 22 | ||
| 2013 Q4 | 45 | $1.1B | 32 | ||
| 2013 Q3 | 43 | $929.6M | 72 | ||
| 2013 Q2 | 43 | $529.0M | 0 |
Holding changes this quarter
Pembroke Management, LTD's most significant position changes for 2026-06-30: Sold out: Bio-techne CORP (TECH); Sold out: Workiva Inc (WK); New buy: Ligand Pharmaceuticals (LGND); New buy: Timken Co (TKR); Sold out: Lci Industries (LCII).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VSEC | Vse CORP | +3.1% | +204.55% | Add |
| 2 | LGND | Ligand Pharmaceuticals | +1.7% | NEW | New buy |
| 3 | OLLI | Ollie's Bargain Outlet Holdi | +1.6% | +285.04% | Add |
| 4 | TKR | Timken Co | +1.4% | NEW | New buy |
| 5 | P | Everpure Inc-a | +1.2% | +8.96% | Add |
| 6 | HCSG | Healthcare Services Group | +0.9% | +74.94% | Add |
| 7 | VBNK | Versabank | +0.8% | +7.82% | Add |
| 8 | SAIA | Saia Inc | +0.8% | +52.27% | Add |
| 9 | BROS | Dutch Bros Inc-class A | +0.7% | +112.59% | Add |
| 10 | OUST | Ouster Inc | +0.6% | NEW | New buy |
| 11 | WING | Wingstop Inc | +0.6% | NEW | New buy |
| 12 | ENPH | Enphase Energy Inc | +0.5% | +14.25% | Add |
| 13 | PRCH | Porch Group Inc | +0.5% | +51.92% | Add |
| 14 | LTH | Life Time Group Holdings Inc | +0.4% | NEW | New buy |
| 15 | RDVT | Red Violet Inc | +0.4% | -0.49% | Trim |
| 16 | ✓ | Versigent LTD | +0.4% | NEW | New buy |
| 17 | TXG | 10x Genomics Inc-class A | +0.4% | NEW | New buy |
| 18 | ESQ | Esquire Financial Holdings I | +0.4% | NEW | New buy |
| 19 | RGEN | Repligen CORP | +0.3% | NEW | New buy |
| 20 | FSS | Federal Signal CORP | +0.2% | -1.55% | Trim |
| 21 | BOBS | Bob's Discount Furniture | +0.2% | +41.96% | Add |
| 22 | RBA | Rb Global Inc | +0.2% | NEW | New buy |
| 23 | DORM | Dorman Products Inc | +0.2% | -4.11% | Trim |
| 24 | OBE | Obsidian Energy LTD | +0.2% | +54.87% | Add |
| 25 | TSAT | Telesat CORP | +0.1% | -1.17% | Trim |
| 26 | PMTS | Cpi Card Group Inc | +0.1% | +20.47% | Add |
| 27 | VCTR | Victory Capital Holding - A | +0.1% | -2.40% | Trim |
| 28 | HBM | Hudbay Minerals Inc | +0.1% | NEW | New buy |
| 29 | AIR | Aar CORP | +0.1% | -2.12% | Trim |
| 30 | WCN | Waste Connections Inc | +0.1% | +44.42% | Add |
| 31 | ARM | Arm Holdings Plc-adr | +0.1% | NEW | New buy |
| 32 | IMAX | Imax CORP | +0.1% | +8.99% | Add |
| 33 | BKTI | Bk Technologies CORP | +0.1% | +32.51% | Add |
| 34 | PNTG | Pennant Group Inc/the | 0% | -3.19% | Trim |
| 35 | ODFL | Old Dominion Freight Line | 0% | NEW | New buy |
| 36 | UNH | Unitedhealth Group Inc | 0% | NEW | New buy |
| 37 | RY | Royal Bank Of Canada | 0% | -3.23% | Trim |
| 38 | ASML | ASML Holding N.V. | 0% | -0.23% | Trim |
| 39 | SHW | Sherwin-williams Co/the | 0% | NEW | New buy |
| 40 | GOOGL | Alphabet Inc-cl A | 0% | -0.35% | Trim |
| 41 | LLY | Eli Lilly & Co | 0% | -0.20% | Trim |
| 42 | CXDO | Crexendo Inc | 0% | -6.24% | Trim |
| 43 | MDB | Mongodb Inc | 0% | -0.34% | Trim |
| 44 | CDNS | Cadence Design Sys Inc | 0% | -0.28% | Trim |
| 45 | GE | General Electric | 0% | -0.35% | Trim |
| 46 | TDG | Transdigm Group Inc | 0% | -0.20% | Trim |
| 47 | TT | Trane Technologies plc | 0% | -0.40% | Trim |
| 48 | WSO | Watsco Inc | — | -2.34% | Trim |
| 49 | EUSA | Ishares Msci USA Equal Weigh | — | — | Unchanged |
| 50 | NVDA | Nvidia CORP | — | -0.38% | Trim |
1–50 of 112
Filing History
FAQ
What is Pembroke Management, LTD and what type of investor is it?
Pembroke Management, LTD 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 $773.7M, spread across 100 disclosed positions.
What are Pembroke Management, LTD's largest equity positions?
Based on the latest 13F filing, Pembroke Management, LTD's top holdings by market value are:
1. Everpure Inc-a (P) — $39.2M (5.1%)
2. Modine Manufacturing Co (MOD) — $38.4M (5.0%)
3. Aaon Inc (AAON) — $37.7M (4.9%)
4. Monolithic Power Systems Inc (MPWR) — $36.7M (4.8%)
5. Federal Signal CORP (FSS) — $36.4M (4.7%)
What changes did Pembroke Management, LTD make in its most recent portfolio filing?
In the latest reported quarter, Pembroke Management, LTD made 108 notable position adjustments: 15 new positions were initiated, 22 existing holdings were added to, 59 positions were partially reduced, and 12 were completely exited. The largest of these moves: Sold out: Bio-techne CORP (TECH); Sold out: Workiva Inc (WK); New buy: Ligand Pharmaceuticals (LGND); New buy: Timken Co (TKR); Sold out: Lci Industries (LCII)
What sectors does Pembroke Management, LTD focus on?
Pembroke Management, LTD is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 46.6%
• Information Technology: 19.4%
• Consumer Discretionary: 16.8%
• Health Care: 8.6%
• Financials: 3.9%
• Consumer Staples: 3.6%
Investment Profile
Pembroke Management, LTD returned an annualized 2.4% over the trailing 36 months — underperforming the S&P 500 by 20.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.24 (more volatile than the market) and a 36% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 46.6% of the portfolio concentrated in Industrials.
Its turnover score has risen from 0 to 38 over the past 4 quarters — a shift toward more active trading.
It has added to its MOD position over the past two quarters (+$10.2M, now $38.4M), while trimming CNM over the same stretch (-$25.5M, still holding $21.1M).
Peer Institutions
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Sector conviction55.5
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View detail
EH
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Total reported value
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EA
EFG Asset Management (North America) Corp.
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AUM within 0.0% of this institution
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