Pembroke Management, LTD

Montreal, A8 · CIK 1063497 · 13F filing filed 2026-07-22

SEC-registered investment adviser since 2011 · corporation

Assets managed$1.9bn
Staff25 · 15 in investment roles
Main clients (by assets)Private funds 60%, Pension plans 28%, High net worth individuals 11%
Main officeMontreal, Quebec
Form ADV · 2026-03-05SEC adviser record

Legal entityPEMBROKE MANAGEMENT LTD.- (CA)

Others nearbyMontréal

$1.4bn reported value +104.1% vs Q1 2026

100positions

44.5%in top 10

15 new 69 added 15 reduced 12 sold out vs Q1 2026

Holdings, Q2 2026

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	PURE STORAGE INC CL A P	P	995,046	$78.4m5.56%	5.56%	Added +538.4k	+538,421 117.9%
2	MODINE MFG CO COM MOD	MOD	287,798	$76.8m5.45%	5.45%	Added +121.9k	+121,927 73.5%
3	MONOLITHIC PWR SYS INC COM MPWR	MPWR	53,142	$73.5m5.21%	5.21%	Added +18.7k	+18,745 54.5%
4	FEDERAL SIGNAL CORP COM FSS	FSS	566,774	$72.8m5.16%	5.16%	Added +278.9k	+278,912 96.9%
5	RESIDEO TECHNOLOGIES INC COM REZI	REZI	2,250,194	$70.0m4.96%	4.96%	Added +1.1m	+1,135,065 101.8%
6	VSE CORP COM VSEC	VSEC	298,228	$68.1m4.83%	4.83%	Added +249.3k	+249,266 509.1%
7	GLOBUS MED INC CL A GMED	GMED	797,720	$63.0m4.47%	4.47%	Added +389.2k	+389,181 95.3%
8	WATSCO INC COM WSO	WSO	101,328	$42.2m2.99%	2.99%	Added +49.5k	+49,450 95.3%
9	MDA SPACE LTD COM MDA	MDA	1,016,988	$42.0m2.97%	2.97%	Added +42.9k	+42,898 4.4%
10	HAGERTY INC CL A COM HGTY	HGTY	3,405,852	$40.6m2.88%	2.88%	Added +1.7m	+1,667,846 96.0%
11	OLLIES BARGAIN OUTLET HLDGS COM OLLI	OLLI	504,674	$38.8m2.75%	2.75%	Added +439.1k	+439,139 670.1%
12	AAON INC COM PAR $0.004 AAON	AAON	296,806	$37.7m2.67%	2.67%	Reduced -133.3k	-133,283 -31.0%
13	INSTALLED BLDG PRODS INC COM IBP	IBP	161,726	$37.2m2.63%	2.63%	Added +86.7k	+86,715 115.6%
14	VERSABANK NEW COM VBNK	VBNK	1,519,740	$35.3m2.50%	2.50%	Added +815.0k	+814,964 115.6%
15	LOUISIANA PAC CORP COM LPX	LPX	434,514	$34.2m2.42%	2.42%	Added +212.0k	+212,022 95.3%
16	ENPHASE ENERGY INC COM ENPH	ENPH	691,740	$34.1m2.41%	2.41%	Added +389.0k	+389,012 128.5%
17	SAIA INC COM SAIA	SAIA	79,198	$33.4m2.36%	2.36%	Added +53.2k	+53,192 204.5%
18	SITEONE LANDSCAPE SUPPLY INC COM SITE	SITE	271,930	$31.1m2.20%	2.20%	Added +74.5k	+74,456 37.7%
19	ISHARES TR CORE S&P500 ETF IVV	IVV	41,132	$30.8m2.18%	2.18%	Added +19.1k	+19,051 86.3%
20	HEALTHCARE SVCS GROUP INC COM HCSG	HCSG	1,046,450	$25.7m1.82%	1.82%	Added +747.4k	+747,365 249.9%
21	LIGAND PHARMACEUTICALS INC COM NEW LGND	LGND	80,554	$25.5m1.80%	1.80%	New
22	DORMAN PRODS INC COM DORM	DORM	167,078	$22.8m1.62%	1.62%	Added +80.0k	+79,957 91.8%
23	TIMKEN CO COM TKR	TKR	148,514	$21.6m1.53%	1.53%	New
24	IMAX CORP COM IMAX	IMAX	531,783	$21.2m1.50%	1.50%	Added +43.9k	+43,865 9.0%
25	CORE & MAIN INC CL A CNM	CNM	437,414	$21.1m1.50%	1.50%	Reduced -268.8k	-268,823 -38.1%
26	RED VIOLET INC COM RDVT	RDVT	265,562	$16.9m1.20%	1.20%	Added +132.1k	+132,125 99.0%
27	DUTCH BROS INC CL A BROS	BROS	229,500	$16.5m1.17%	1.17%	Added +175.5k	+175,523 325.2%
28	OBSIDIAN ENERGY LTD COM OBE	OBE	1,980,528	$16.1m1.14%	1.14%	Added +1.3m	+1,341,111 209.7%
29	DESCARTES SYS GROUP INC COM DSGX	DSGX	207,962	$14.4m1.02%	1.02%	Added +104.6k	+104,639 101.3%
30	AXOS FINANCIAL INC COM AX	AX	143,152	$13.9m0.99%	0.99%	Reduced -5.4k	-5,439 -3.7%
31	VICTORY CAP HLDGS INC COM CL A VCTR	VCTR	161,424	$13.6m0.96%	0.96%	Added +78.7k	+78,731 95.2%
32	GILDAN ACTIVEWEAR INC COM GIL	GIL	246,794	$12.7m0.90%	0.90%	Added +122.6k	+122,636 98.8%
33	PORCH GROUP INC COM PRCH	PRCH	823,718	$12.4m0.88%	0.88%	Added +552.6k	+552,614 203.8%
34	CRA INTL INC COM CRAI	CRAI	85,574	$12.2m0.86%	0.86%	Added +43.5k	+43,478 103.3%
35	UNIVERSAL TECHNICAL INST INC COM UTI	UTI	275,986	$11.8m0.84%	0.84%	Added +113.1k	+113,133 69.5%
36	BOYD GROUP SERVICES INC COM BGSI	BGSI	111,721	$10.6m0.75%	0.75%	Reduced -2.3k	-2,348 -2.1%
37	PENNANT GROUP INC COM PNTG	PNTG	278,846	$10.3m0.73%	0.73%	Added +134.8k	+134,829 93.6%
38	ISHARES TR CORE MSCI EAFE IEFA	IEFA	102,450	$9.9m0.70%	0.70%	Added +49.0k	+48,988 91.6%
39	OUSTER INC COM NEW OUST	OUST	157,480	$9.8m0.70%	0.70%	New
40	TELESAT CORP CL A & CL B SHS TSAT	TSAT	183,478	$9.3m0.66%	0.66%	Added +90.6k	+90,649 97.7%
41	WINGSTOP INC COM WING	WING	52,458	$9.1m0.64%	0.64%	New
42	ISHARES INC CORE MSCI EMKT IEMG	IEMG	96,426	$8.0m0.57%	0.57%	Added +41.0k	+40,965 73.9%
43	CELLEBRITE DI LTD ORDINARY SHARES CLBT	CLBT	506,737	$7.4m0.52%	0.52%	Reduced -131.2k	-131,212 -20.6%
44	MAIN STR CAP CORP COM MAIN	MAIN	132,558	$6.9m0.49%	0.49%	Added +67.6k	+67,621 104.1%
45	LIFE TIME GROUP HOLDINGS INC COMMON STOCK LTH	LTH	165,918	$6.8m0.48%	0.48%	New
46	FIVE BELOW INC COM FIVE	FIVE	36,388	$6.5m0.46%	0.46%	Added +17.6k	+17,646 94.2%
47	VERSIGENT PLC ORDINARY SHARES VGNT	VGNT	155,684	$6.5m0.46%	0.46%	New
48	ESQUIRE FINL HLDGS INC COM ESQ	ESQ	48,740	$5.8m0.41%	0.41%	New
49	ISHARES INC MSCI EQUAL WEITE EUSA	EUSA	47,246	$5.4m0.38%	0.38%	Added +23.6k	+23,623 100.0%
50	ROYAL BK CDA COM RY	RY	25,676	$5.3m0.38%	0.38%	Added +12.4k	+12,410 93.5%
51	WASTE CONNECTIONS INC COM WCN	WCN	30,666	$5.1m0.36%	0.36%	Added +20.0k	+20,049 188.8%
52	CPI CARD GROUP INC COM NEW PMTS	PMTS	239,900	$5.0m0.35%	0.35%	Added +140.3k	+140,333 140.9%
53	AAR CORP COM AIR	AIR	32,984	$4.7m0.33%	0.33%	Reduced -716	-716 -2.1%
54	REPLIGEN CORP COM RGEN	RGEN	31,886	$4.4m0.31%	0.31%	New
55	BOBS DISC FURNITURE INC COM SHS BOBS	BOBS	248,792	$3.9m0.28%	0.28%	Added +73.5k	+73,539 42.0%
56	RB GLOBAL INC COM RBA	RBA	27,816	$3.2m0.23%	0.23%	New
57	10X GENOMICS INC CL A COM TXG	TXG	82,793	$3.2m0.22%	0.22%	New
58	NVIDIA CORPORATION COM NVDA	NVDA	14,032	$2.8m0.20%	0.20%	Added +7.0k	+6,989 99.2%
59	CREXENDO INC COM CXDO	CXDO	366,342	$2.7m0.19%	0.19%	Added +171.0k	+170,971 87.5%
60	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	21,168	$2.4m0.17%	0.17%	Added +10.2k	+10,231 93.5%
61	FIRSTSERVICE CORP NEW COM FSV	FSV	12,660	$1.8m0.13%	0.13%	Added +6.1k	+6,119 93.5%
62	FERGUSON ENTERPRISES INC COMMON STOCK NEW FERG	FERG	6,892	$1.6m0.12%	0.12%	Added +3.4k	+3,433 99.2%
63	BK TECHNOLOGIES CORPORATION COM NEW BKTI	BKTI	18,684	$1.6m0.11%	0.11%	Added +4.6k	+4,584 32.5%
64	CAE INC COM CAE	CAE	63,645	$1.6m0.11%	0.11%	Reduced -2.1k	-2,123 -3.2%
65	HUDBAY MINERALS INC COM HBM	HBM	65,002	$1.5m0.11%	0.11%	New
66	BOWMAN CONSULTING GROUP LTD COM BWMN	BWMN	51,411	$1.5m0.11%	0.11%	Unchanged
67	MICROSOFT CORP COM MSFT	MSFT	3,890	$1.5m0.10%	0.10%	Added +1.9k	+1,938 99.3%
68	WHEATON PRECIOUS METALS CORP COM WPM	WPM	12,768	$1.4m0.10%	0.10%	Added +6.2k	+6,171 93.5%
69	TRANSDIGM GROUP INC COM TDG	TDG	998	$1.3m0.09%	0.09%	Added +498	+498 99.6%
70	LINDE PLC SHS LIN	LIN	2,554	$1.3m0.09%	0.09%	Added +1.3k	+1,273 99.4%
71	APPLE INC COM AAPL	AAPL	4,143	$1.2m0.08%	0.08%	Reduced -15	-15 -0.4%
72	ELI LILLY & CO COM LLY	LLY	974	$1.2m0.08%	0.08%	Added +486	+486 99.6%
73	AMAZON COM INC COM AMZN	AMZN	4,815	$1.1m0.08%	0.08%	Reduced -17	-17 -0.3%
74	ALPHABET INC CAP STK CL A GOOGL	GOOGL	3,161	$1.1m0.08%	0.08%	Reduced -11	-11 -0.3%
75	MONGODB INC CL A MDB	MDB	2,956	$992.9k0.07%	0.07%	Added +1.5k	+1,473 99.3%
76	MASTERCARD INCORPORATED CL A MA	MA	1,816	$932.7k0.07%	0.07%	Added +905	+905 99.3%
77	META PLATFORMS INC CL A META	META	1,596	$899.0k0.06%	0.06%	Added +796	+796 99.5%
78	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	9,612	$885.2k0.06%	0.06%	Added +4.8k	+4,788 99.2%
79	BROOKFIELD CORP CL A LTD VT SH BN	BN	20,648	$879.4k0.06%	0.06%	Reduced -688	-688 -3.2%
80	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	441	$877.3k0.06%	0.06%	Reduced -1	-1 -0.2%
81	WALMART INC COM WMT	WMT	7,674	$869.2k0.06%	0.06%	Added +3.8k	+3,823 99.3%
82	GE AEROSPACE COM NEW GE	GE	2,284	$853.6k0.06%	0.06%	Added +1.1k	+1,138 99.3%
83	ON HLDG AG NAMEN AKT A ONON	ONON	22,128	$783.8k0.06%	0.06%	Added +11.0k	+11,019 99.2%
84	IDEXX LABS INC COM IDXX	IDXX	1,444	$760.2k0.05%	0.05%	Added +720	+720 99.5%
85	TRANE TECHNOLOGIES PLC SHS TT	TT	1,478	$725.9k0.05%	0.05%	Added +736	+736 99.2%
86	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	1,516	$696.0k0.05%	0.05%	Added +983	+983 184.4%
87	PUBLIC STORAGE COM PSA	PSA	2,186	$695.8k0.05%	0.05%	Added +1.1k	+1,089 99.3%
88	AGNICO EAGLE MINES LTD COM AEM	AEM	4,478	$694.7k0.05%	0.05%	Reduced -149	-149 -3.2%
89	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	3,036	$657.6k0.05%	0.05%	New
90	ALAMOS GOLD INC NEW COM CL A AGI	AGI	21,627	$656.2k0.05%	0.05%	Added +3.1k	+3,087 16.6%
91	RTX CORPORATION COM RTX	RTX	3,408	$646.6k0.05%	0.05%	Added +1.7k	+1,698 99.3%
92	FREEPORT-MCMORAN INC CL B FCX	FCX	9,966	$626.8k0.04%	0.04%	Added +5.0k	+4,964 99.2%
93	HOME DEPOT INC COM HD	HD	1,770	$624.2k0.04%	0.04%	Added +882	+882 99.3%
94	UNITEDHEALTH GROUP INC COM UNH	UNH	1,472	$611.8k0.04%	0.04%	New
95	ARM HOLDINGS PLC SPONSORED ADS ARM	ARM	1,696	$601.4k0.04%	0.04%	New
96	PROGRESSIVE CORP COM PGR	PGR	2,158	$471.4k0.03%	0.03%	Added +1.1k	+1,079 100.0%
97	SHERWIN WILLIAMS CO COM SHW	SHW	1,242	$427.6k0.03%	0.03%	New
98	COSTCO WHSL CORP NEW COM COST	COST	454	$424.7k0.03%	0.03%	Added +227	+227 100.0%
99	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	1,064	$399.3k0.03%	0.03%	Reduced -3	-3 -0.3%
100	COPART INC COM CPRT	CPRT	8,569	$241.6k0.02%	0.02%	Reduced -32	-32 -0.4%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
BIO-TECHNE CORP TECH	TECH	372,325	$19.5m372.3k shares
WORKIVA INC WK	WK	224,900	$13.4m224.9k shares
LCI INDS LCII	LCII	42,026	$5.2m42.0k shares
Q2 HLDGS INC QTWO	QTWO	91,885	$4.3m91.9k shares
CHEWY INC CHWY	CHWY	160,327	$4.3m160.3k shares
STEVANATO GROUP S P A STVN	STVN	150,818	$2.1m150.8k shares
CASELLA WASTE SYS INC CWST	CWST	17,073	$1.4m17.1k shares
CGI INC GIB	GIB	14,220	$1.0m14.2k shares
STANTEC INC STN	STN	6,933	$599.0k6.9k shares
BOSTON SCIENTIFIC CORP BSX	BSX	3,736	$234.4k3.7k shares
VEEVA SYS INC VEEV	VEEV	1,218	$214.0k1.2k shares
COSTAR GROUP INC CSGP	CSGP	5,241	$211.4k5.2k shares