1y return+11.3%S&P 500 +20.9%
3y return+23.6%S&P 500 +68.5%
5y return+3.3%S&P 500 +74.5%
10y return+150.3%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $250 against $357 in the S&P 500.2
Pembroke Management, LTDS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| PEverpure Inc | $78.4M | 5.6% | +117.9% |
| MODModine Mfg Co | $76.8M | 5.4% | +73.5% |
| MPWRMonolithic Pwr Sys Inc | $73.5M | 5.2% | +54.5% |
| FSSFederal Signal Corp | $72.8M | 5.2% | +96.9% |
| REZIResideo Technologies Inc | $70.0M | 5.0% | +101.8% |
| VSECVse Corp | $68.1M | 4.8% | +509.1% |
| GMEDGlobus Med Inc | $63.0M | 4.5% | +95.3% |
| WSOWatsco Inc | $42.2M | 3.0% | +95.3% |
| MDAMda Space Ltd | $42.0M | 3.0% | +4.4% |
| HGTYHagerty Inc | $40.6M | 2.9% | +96.0% |
| OLLIOllies Bargain Outlet Hldgs | $38.8M | 2.7% | +670.1% |
| AAONAaon Inc | $37.7M | 2.7% | −31.0% |
| IBPInstalled Bldg Prods Inc | $37.2M | 2.6% | +115.6% |
| VBNKVersabank New | $35.3M | 2.5% | +115.6% |
| LPXLouisiana Pac Corp | $34.2M | 2.4% | +95.3% |
| ENPHEnphase Energy Inc | $34.1M | 2.4% | +128.5% |
| SAIASaia Inc | $33.4M | 2.4% | +204.5% |
| SITESiteone Landscape Supply Inc | $31.1M | 2.2% | +37.7% |
| IVVIshares Tr | $30.8M | 2.2% | +86.3% |
| HCSGHealthcare Svcs Group Inc | $25.7M | 1.8% | +249.9% |
| LGNDLigand Pharmaceuticals Inc | $25.5M | 1.8% | New |
| DORMDorman Prods Inc | $22.8M | 1.6% | +91.8% |
| TKRTimken Co | $21.6M | 1.5% | New |
| IMAXImax Corp | $21.2M | 1.5% | +9.0% |
| CNMCore & Main Inc | $21.1M | 1.5% | −38.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| UTIUniversal Technical Inst Inc | June 30, 2022 | +499.9% | $11.8M |
| MPWRMonolithic Pwr Sys Inc | June 30, 2020 | +483.3% | $73.5M |
| AXAxos Financial Inc | June 30, 2020 | +341.1% | $13.9M |
| CRAICra Intl Inc | June 30, 2020 | +260.2% | $12.2M |
| IBPInstalled Bldg Prods Inc | June 30, 2020 | +234.2% | $37.2M |
| PEverpure Inc | December 31, 2022 | +194.4% | $78.4M |
| IMAXImax Corp | December 31, 2023 | +165.4% | $21.2M |
| IVVIshares Tr | June 30, 2020 | +141.8% | $30.8M |
| WSOWatsco Inc | June 30, 2020 | +134.5% | $42.2M |
| RDVTRed Violet Inc | September 30, 2024 | +124.0% | $16.9M |
Sold off last quarter
- TECHBio-techne Corp was $19.5M
- WKWorkiva Inc was $13.4M
- LCIILci Inds was $5.2M
- QTWOQ2 Hldgs Inc was $4.3M
- CHWYChewy Inc was $4.3M
- Stevanato Group S P ACUSIP T9224W109 was $2.1M
- CWSTCasella Waste Sys Inc was $1.4M
- GIBCgi Inc was $1.0M
- STNStantec Inc was $599K
- BSXBoston Scientific Corp was $234K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +14.1% | +14.8% |
| March 31, 2026 | −6.6% | −4.6% |
| December 31, 2025 | −5.8% | +2.4% |
| September 30, 2025 | +10.8% | +7.8% |
| June 30, 2025 | +8.1% | +10.5% |
| March 31, 2025 | −11.9% | −4.6% |
| December 31, 2024 | +2.2% | +2.1% |
| September 30, 2024 | +6.1% | +5.4% |
| June 30, 2024 | −4.5% | +4.0% |
| March 31, 2024 | +8.6% | +10.0% |
| December 31, 2023 | +13.5% | +11.2% |
| September 30, 2023 | −8.7% | −3.6% |
| June 30, 2023 | +5.0% | +8.3% |
| March 31, 2023 | +5.6% | +7.0% |
| December 31, 2022 | +5.5% | +7.1% |
| September 30, 2022 | −6.1% | −5.3% |
| June 30, 2022 | −16.3% | −16.5% |
| March 31, 2022 | −13.7% | −4.9% |
| December 31, 2021 | +3.3% | +10.7% |
| September 30, 2021 | +1.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Pembroke Management, LTD Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1063497&type=13F-HR&dateb=&owner=include&count=40CIK 1063497
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1063497/000117266126002747/Filed July 22, 2026 · accession 0001172661-26-002747