GENEVA CAPITAL MANAGEMENT LLC

MILWAUKEE, WI · CIK 1009232 · 13F filing filed 2025-08-05

SEC-registered investment adviser since 1986 · limited liability company

Assets managed$5.6bn
Staff20 · 9 in investment roles
Main clients (by assets)Mutual funds and ETFs 31%, State and local governments 14%, Companies 11%
Websitegenevacap.com
Form ADV · 2026-03-25SEC adviser record

Legal entityGENEVA CAPITAL MANAGEMENT LLC (US)

$6.0bn reported value +11.5% vs Q1 2025

123positions

30.3%in top 10

2 new 97 added 24 reduced 4 sold out vs Q1 2025

This report includes the holdings of 2 other managers that share the investment decisions:

Nationwide Fund Advisors – files its own report too
SEI INVESTMENTS MANAGEMENT CORP – reports through this filing

Also in the report of:

Bank of New York Mellon Corp – $99.5m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	RBC BEARINGS INC COM RBC	RBC	633,230	$243.7m4.08%	4.08%	Added +43.8k	+43,812 7.4%
2	CONSTRUCTION PARTNERS INC COM CL A ROAD	ROAD	2,164,779	$230.1m3.85%	3.85%	Reduced -294.3k	-294,255 -12.0%
3	EXLSERVICE HOLDINGS INC COM EXLS	EXLS	5,013,398	$219.5m3.68%	3.68%	Added +357.8k	+357,833 7.7%
4	TEXAS ROADHOUSE INC COM TXRH	TXRH	961,390	$180.2m3.02%	3.02%	Added +55.0k	+54,993 6.1%
5	ESCO TECHNOLOGIES INC COM ESE	ESE	882,959	$169.4m2.84%	2.84%	Added +49.2k	+49,173 5.9%
6	KINSALE CAP GROUP INC COM KNSL	KNSL	340,846	$164.9m2.76%	2.76%	Reduced -64.5k	-64,517 -15.9%
7	DESCARTES SYS GROUP INC COM DSGX	DSGX	1,573,535	$159.9m2.68%	2.68%	Added +105.6k	+105,614 7.2%
8	AAON INC COM PAR $0.004 AAON	AAON	2,036,752	$150.2m2.52%	2.52%	Added +139.0k	+139,024 7.3%
9	OLLIES BARGAIN OUTLET HLDGS COM OLLI	OLLI	1,129,086	$148.8m2.49%	2.49%	Added +79.6k	+79,627 7.6%
10	BALCHEM CORP COM BCPC	BCPC	895,531	$142.6m2.39%	2.39%	Added +64.7k	+64,718 7.8%
11	TYLER TECHNOLOGIES INC COM TYL	TYL	238,248	$141.2m2.37%	2.37%	Added +18.8k	+18,775 8.6%
12	EXPONENT INC COM EXPO	EXPO	1,877,765	$140.3m2.35%	2.35%	Added +131.9k	+131,937 7.6%
13	NOVANTA INC COM NOVT	NOVT	988,969	$127.5m2.14%	2.14%	Added +54.9k	+54,934 5.9%
14	CASELLA WASTE SYS INC CL A CWST	CWST	1,084,257	$125.1m2.09%	2.09%	Added +60.1k	+60,102 5.9%
15	GLOBUS MED INC CL A GMED	GMED	2,082,788	$122.9m2.06%	2.06%	Added +249.1k	+249,141 13.6%
16	HEALTHEQUITY INC COM HQY	HQY	1,108,241	$116.1m1.94%	1.94%	Added +64.5k	+64,487 6.2%
17	ONTO INNOVATION INC COM ONTO	ONTO	1,081,662	$109.2m1.83%	1.83%	Added +66.3k	+66,339 6.5%
18	VERTEX INC CL A VERX	VERX	3,017,735	$106.6m1.79%	1.79%	Added +974.5k	+974,530 47.7%
19	TREX CO INC COM TREX	TREX	1,722,606	$93.7m1.57%	1.57%	Added +121.7k	+121,722 7.6%
20	AGILYSYS INC COM AGYS	AGYS	816,637	$93.6m1.57%	1.57%	Added +51.3k	+51,274 6.7%
21	SITEONE LANDSCAPE SUPPLY INC COM SITE	SITE	760,186	$91.9m1.54%	1.54%	Added +50.9k	+50,915 7.2%
22	SPS COMM INC COM SPSC	SPSC	619,031	$84.2m1.41%	1.41%	Added +43.3k	+43,330 7.5%
23	SPX TECHNOLOGIES INC COM SPXC	SPXC	472,748	$79.3m1.33%	1.33%	Added +26.2k	+26,201 5.9%
24	BLACKBAUD INC COM BLKB	BLKB	1,221,745	$78.4m1.31%	1.31%	Added +75.7k	+75,675 6.6%
25	LEMAITRE VASCULAR INC COM LMAT	LMAT	915,238	$76.0m1.27%	1.27%	Added +51.5k	+51,489 6.0%
26	VERICEL CORP COM VCEL	VCEL	1,784,927	$75.9m1.27%	1.27%	Added +419.2k	+419,183 30.7%
27	BRIGHT HORIZONS FAM SOL IN D COM BFAM	BFAM	599,468	$74.1m1.24%	1.24%	Added +33.2k	+33,176 5.9%
28	ALARM COM HLDGS INC COM ALRM	ALRM	1,304,863	$73.8m1.24%	1.24%	Reduced -5.4k	-5,353 -0.4%
29	VALVOLINE INC COM VVV	VVV	1,946,505	$73.7m1.23%	1.23%	Added +693.8k	+693,846 55.4%
30	CERTARA INC COM CERT	CERT	6,114,895	$71.5m1.20%	1.20%	Added +443.2k	+443,206 7.8%
31	AXON ENTERPRISE INC COM AXON	AXON	83,692	$69.3m1.16%	1.16%	Reduced -12.0k	-12,024 -12.6%
32	FIRSTSERVICE CORP NEW COM FSV	FSV	384,665	$67.2m1.12%	1.12%	Added +22.4k	+22,372 6.2%
33	EPLUS INC COM PLUS	PLUS	921,854	$66.5m1.11%	1.11%	Added +51.0k	+50,964 5.8%
34	J & J SNACK FOODS CORP COM JJSF	JJSF	553,622	$62.8m1.05%	1.05%	Added +33.4k	+33,376 6.4%
35	BIO-TECHNE CORP COM TECH	TECH	1,185,099	$61.0m1.02%	1.02%	Added +86.4k	+86,380 7.9%
36	REPLIGEN CORP COM RGEN	RGEN	487,534	$60.6m1.02%	1.02%	Added +344.0k	+343,991 239.6%
37	DIGI INTL INC COM DGII	DGII	1,730,417	$60.3m1.01%	1.01%	Added +95.8k	+95,756 5.9%
38	WD 40 CO COM WDFC	WDFC	263,301	$60.1m1.01%	1.01%	Added +15.1k	+15,104 6.1%
39	AXOS FINANCIAL INC COM AX	AX	739,374	$56.2m0.94%	0.94%	Added +42.1k	+42,126 6.0%
40	DORMAN PRODS INC COM DORM	DORM	455,971	$55.9m0.94%	0.94%	Added +25.2k	+25,242 5.9%
41	BLACKLINE INC COM BL	BL	924,325	$52.3m0.88%	0.88%	Added +49.3k	+49,292 5.6%
42	I3 VERTICALS INC COM CL A IIIV	IIIV	1,887,701	$51.9m0.87%	0.87%	Added +101.3k	+101,331 5.7%
43	AMPHENOL CORP CL A APH	APH	517,424	$51.1m0.86%	0.86%	Reduced -108.1k	-108,087 -17.3%
44	DONALDSON INC COM DCI	DCI	736,566	$51.1m0.86%	0.86%	Added +41.0k	+40,961 5.9%
45	ROLLINS INC COM ROL	ROL	903,068	$51.0m0.85%	0.85%	Added +85.4k	+85,376 10.4%
46	COPART INC COM CPRT	CPRT	1,010,377	$49.6m0.83%	0.83%	Added +89.1k	+89,103 9.7%
47	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	281,627	$46.1m0.77%	0.77%	Added +28.2k	+28,240 11.2%
48	MARTEN TRANS LTD COM MRTN	MRTN	3,355,193	$43.6m0.73%	0.73%	Added +199.7k	+199,690 6.3%
49	HEICO CORP NEW CL A HEI.A	HEI.A	166,982	$43.2m0.72%	0.72%	Added +5.0k	+5,050 3.1%
50	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	465,022	$41.9m0.70%	0.70%	Reduced -4.1k	-4,073 -0.9%
51	PALOMAR HLDGS INC COM PLMR	PLMR	260,910	$40.2m0.67%	0.67%	Added +14.7k	+14,733 6.0%
52	HAMILTON LANE INC CL A HLNE	HLNE	272,519	$38.7m0.65%	0.65%	Added +15.3k	+15,262 5.9%
53	COSTAR GROUP INC COM CSGP	CSGP	447,649	$36.0m0.60%	0.60%	Added +44.4k	+44,444 11.0%
54	VERISK ANALYTICS INC COM VRSK	VRSK	114,269	$35.6m0.60%	0.60%	Added +3.8k	+3,810 3.5%
55	OPTION CARE HEALTH INC COM NEW OPCH	OPCH	1,073,646	$34.9m0.58%	0.58%	Added +292.0k	+292,021 37.4%
56	FISERV INC COM FISV	FISV	192,091	$33.1m0.55%	0.55%	Added +5.4k	+5,401 2.9%
57	WATSCO INC COM WSO	WSO	74,320	$32.8m0.55%	0.55%	Added +8.3k	+8,264 12.5%
58	RYAN SPECIALTY HOLDINGS INC CL A RYAN	RYAN	481,932	$32.8m0.55%	0.55%	Reduced -14.0k	-14,038 -2.8%
59	CBIZ INC COM CBZ	CBZ	450,004	$32.3m0.54%	0.54%	Added +25.0k	+25,000 5.9%
60	MONOLITHIC PWR SYS INC COM MPWR	MPWR	43,461	$31.8m0.53%	0.53%	Added +5.1k	+5,073 13.2%
61	BURLINGTON STORES INC COM BURL	BURL	133,778	$31.1m0.52%	0.52%	Added +14.1k	+14,056 11.7%
62	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	99,687	$30.7m0.51%	0.51%	Added +3.4k	+3,410 3.5%
63	CHURCH & DWIGHT CO INC COM CHD	CHD	317,351	$30.5m0.51%	0.51%	Added +32.5k	+32,463 11.4%
64	GARTNER INC COM IT	IT	73,431	$29.7m0.50%	0.50%	Added +2.4k	+2,437 3.4%
65	ADVANCED DRAIN SYS INC DEL COM WMS	WMS	257,479	$29.6m0.50%	0.50%	Added +36.5k	+36,477 16.5%
66	HUBSPOT INC COM HUBS	HUBS	52,091	$29.0m0.49%	0.49%	Added +17.5k	+17,480 50.5%
67	POOL CORP COM POOL	POOL	96,966	$28.3m0.47%	0.47%	Added +9.7k	+9,673 11.1%
68	INTUIT COM INTU	INTU	35,398	$27.9m0.47%	0.47%	Added +865	+865 2.5%
69	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	144,323	$26.5m0.44%	0.44%	Added +4.6k	+4,590 3.3%
70	STERIS PLC SHS USD STE	STE	107,341	$25.8m0.43%	0.43%	Added +3.5k	+3,516 3.4%
71	ROPER TECHNOLOGIES INC COM ROP	ROP	43,639	$24.7m0.41%	0.41%	Added +1.4k	+1,438 3.4%
72	MACOM TECH SOLUTIONS HLDGS I COM MTSI	MTSI	172,230	$24.7m0.41%	0.41%	New
73	BROADRIDGE FINL SOLUTIONS IN COM BR	BR	97,511	$23.7m0.40%	0.40%	Added +3.2k	+3,236 3.4%
74	IDEXX LABS INC COM IDXX	IDXX	44,019	$23.6m0.40%	0.40%	Added +1.4k	+1,425 3.4%
75	WILLSCOT HLDGS CORP COM CL A WSC	WSC	753,639	$20.6m0.35%	0.35%	Added +52.7k	+52,716 7.5%
76	UFP TECHNOLOGIES INC COM UFPT	UFPT	84,035	$20.5m0.34%	0.34%	Added +4.8k	+4,769 6.0%
77	BIOLIFE SOLUTIONS INC COM NEW BLFS	BLFS	901,764	$19.4m0.33%	0.33%	Added +49.6k	+49,637 5.8%
78	NV5 GLOBAL INC COM NVEE	NVEE	838,608	$19.4m0.32%	0.32%	Reduced -885.1k	-885,071 -51.4%
79	MESA LABS INC COM MLAB	MLAB	199,092	$18.8m0.31%	0.31%	Added +9.8k	+9,780 5.2%
80	IDEX CORP COM IEX	IEX	104,519	$18.4m0.31%	0.31%	Added +3.8k	+3,796 3.8%
81	EPAM SYS INC COM EPAM	EPAM	99,493	$17.6m0.29%	0.29%	Added +10.9k	+10,881 12.3%
82	AZENTA INC COM AZTA	AZTA	519,759	$16.0m0.27%	0.27%	Added +37.9k	+37,897 7.9%
83	FOX FACTORY HLDG CORP COM FOXF	FOXF	582,321	$15.1m0.25%	0.25%	Added +43.7k	+43,677 8.1%
84	RAYMOND JAMES FINL INC COM RJF	RJF	96,650	$14.8m0.25%	0.25%	Added +2.1k	+2,149 2.3%
85	FAIR ISAAC CORP COM FICO	FICO	8,073	$14.8m0.25%	0.25%	Added +758	+758 10.4%
86	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	87,524	$14.2m0.24%	0.24%	Added +5.6k	+5,577 6.8%
87	VULCAN MATLS CO COM VMC	VMC	53,107	$13.9m0.23%	0.23%	Added +1.8k	+1,834 3.6%
88	DEXCOM INC COM DXCM	DXCM	155,785	$13.6m0.23%	0.23%	Added +37.7k	+37,713 31.9%
89	ULTA BEAUTY INC COM ULTA	ULTA	24,103	$11.3m0.19%	0.19%	Added +677	+677 2.9%
90	DATADOG INC CL A COM DDOG	DDOG	79,581	$10.7m0.18%	0.18%	Added +2.5k	+2,470 3.2%
91	ISHARES TR RUS 2000 GRW ETF IWO	IWO	33,830	$9.7m0.16%	0.16%	Reduced -8.9k	-8,871 -20.8%
92	TRIMBLE INC COM TRMB	TRMB	105,948	$8.0m0.13%	0.13%	Added +3.6k	+3,583 3.5%
93	COOPER COS INC COM COO	COO	105,133	$7.5m0.13%	0.13%	Added +3.6k	+3,645 3.6%
94	BENTLEY SYS INC COM CL B BSY	BSY	132,434	$7.1m0.12%	0.12%	Added +7.8k	+7,774 6.2%
95	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	84,510	$7.0m0.12%	0.12%	Added +2.7k	+2,687 3.3%
96	ALIGN TECHNOLOGY INC COM ALGN	ALGN	31,210	$5.9m0.10%	0.10%	Added +1.7k	+1,654 5.6%
97	MARKETAXESS HLDGS INC COM MKTX	MKTX	23,969	$5.4m0.09%	0.09%	Added +5.3k	+5,282 28.3%
98	FRESHPET INC COM FRPT	FRPT	75,300	$5.1m0.09%	0.09%	Added +4.0k	+4,006 5.6%
99	GLOBAL PMTS INC COM GPN	GPN	53,910	$4.3m0.07%	0.07%	Added +592	+592 1.1%
100	LULULEMON ATHLETICA INC COM LULU	LULU	16,647	$4.0m0.07%	0.07%	Added +179	+179 1.1%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
NEOGEN CORP NEOG	NEOG	2,011,415	$17.4m2.0m shares
DOUBLEVERIFY HLDGS INC DV	DV	916,294	$12.3m916.3k shares
ADOBE INC ADBE	ADBE	1,717	$658.5k1.7k shares
MICROCHIP TECHNOLOGY INC. MCHP	MCHP	11,108	$537.7k11.1k shares