Q1 2026 13F · SEC CIK 1569137

Grandeur Peak Global Advisors, LLC

Mutual fund managerFiled 2026-05-15 for Q1 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $426.8M
Reported positions: 86
Top holdings a year, 3 yrs: +18.0%
Assets under management: $3.8B

Grandeur Peak Global Advisors, LLC is a mutual fund manager that reported 86 positions worth $426.8M in its Q1 2026 13F, filed 2026-05-15. Its largest holdings were Marex Group PLC (MRX, 13.8%), Monolithic Power Systms Inc (MPWR, 13.2%), Bbb Foods Inc (TBBB, 8.5%). A portfolio copying its top holdings returned 18.0% a year over the last 3 years, against 20.4% for the S&P 500.

Grandeur Peak Global Advisors, LLC holdings largest 50 of 86 positions.

Weights are shares of the filer's total reported 13F value, compared with Q4 2025. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Grandeur Peak Global Advisors, LLC 13F holdings
Stock	% of 13F value	Q4 2025	Shares	Share change	Reported value
MRXMarex Group PLC	13.8%	9.2%	1,325,195	-25.5%	$59.1M
MPWRMonolithic Power Systms Inc	13.2%	8.8%	51,495	-28.9%	$56.3M
TBBBBbb Foods Inc	8.5%	5.9%	1,030,530	-21.3%	$36.4M
KAIKadant Inc Com	7.8%	1.1%	113,603	+311.5%	$33.2M
ITTItt Inc	6.5%	3.5%	146,419	-1.2%	$27.9M
NVTNvent Elec PLC	4.7%	2.8%	170,239	-16.2%	$20.1M
LFUSLittelfuse Inc	4.5%	3.2%	57,121	-39.1%	$19.4M
PRIMPrimoris Svcs Corp	3.7%	2.4%	109,967	-23.7%	$15.7M
ATRCAtriCure, Inc.	2.6%	1.7%	381,902	+16.3%	$10.9M
LMATLemaitre Vascular Inc	2.5%	1.3%	98,723	-18.4%	$10.8M
PWPPerella Weinberg Partners	1.8%	1.5%	423,510	-35.7%	$7.7M
BELFBBel Fuse Inc	1.7%	0.9%	36,892	-3.3%	$7.3M
PJTPjt Partners Inc	1.7%	1.1%	51,710	+4.0%	$7.2M
TECHBio-Techne Corp	1.7%	1.3%	135,646	-14.3%	$7.1M
PTRNPattern Group Inc	1.5%	—	498,779	—	$6.2M
VTMXVesta Real Estate Corp	1.3%	0.9%	171,762	-18.7%	$5.7M
HLIHoulihan Lokey Inc	1.3%	1.0%	39,436	-4.7%	$5.7M
PNTGPennant Group Inc	1.3%	0.9%	181,058	-21.6%	$5.5M
FROGJfrog Ltd	1.1%	10.1%	99,409	-91.7%	$4.7M
CNMCore & Main Inc	0.9%	0.8%	76,878	-34.6%	$3.8M
DGDollar Gen Corp New	0.9%	0.6%	31,560	-13.1%	$3.7M
MPTIM-Tron Inds Inc	0.8%	—	50,848	—	$3.4M
ENSGEnsign Group Inc	0.8%	0.7%	16,791	-42.0%	$3.4M
HQYHealthequity Inc	0.7%	0.8%	36,445	-41.0%	$3.0M
FSSFederal Signal Corp	0.7%	—	27,018	—	$2.9M
RXSTRxsight Inc	0.7%	0.5%	465,592	+19.2%	$2.9M
DXCMDexcom Inc	0.7%	0.7%	45,406	-44.5%	$2.9M
LOARLoar Holdings Inc	0.6%	0.7%	46,846	-40.7%	$2.7M
CSWCsw Industrials Inc	0.6%	0.5%	9,908	-23.1%	$2.6M
KRMNKarman Hldgs Inc	0.6%	0.5%	29,744	-46.0%	$2.4M
MODModine Mfg Co	0.5%	0.6%	10,284	-68.0%	$2.2M
ALGAlamo Group Inc	0.5%	0.6%	13,375	-52.1%	$2.2M
IBPInstalled Bldg Prods Inc	0.5%	0.5%	8,196	-45.0%	$2.2M
DSGXDescartes Systems Group Inc.	0.5%	3.9%	27,800	-91.7%	$2.0M
RBRKRubrik, Inc.	0.5%	0.6%	39,409	-30.9%	$1.9M
VSECVse Corp	0.4%	—	10,131	—	$1.9M
ICLRIcon PLC	0.4%	—	13,967	—	$1.5M
ROLLRbc Bearings Inc	0.4%	—	2,774	—	$1.5M
KIDSOrthopediatrics Corp	0.3%	—	94,090	—	$1.5M
HAEHaemonetics Corp	0.3%	—	25,344	—	$1.4M
NEOGNeogen Corp	0.3%	—	148,256	—	$1.4M
MAMAMamas Creations Inc	0.3%	1.4%	84,608	-89.0%	$1.3M
FRPTFreshpet Inc	0.3%	1.1%	21,859	-83.8%	$1.3M
SPXCSpx Technologies Inc	0.3%	—	6,377	—	$1.3M
ESQEsquire Finl Hldgs Inc	0.3%	—	11,478	—	$1.2M
ABLAbacus Global Mgmt Inc	0.3%	—	156,340	—	$1.2M
TWTradeweb Mkts Inc	0.3%	—	9,837	—	$1.2M
GNTXGentex Corp	0.2%	—	48,029	—	$1.0M
IDXXIdexx Labs Inc	0.2%	—	1,836	—	$1.0M
PAXPatria Investments Limited	0.2%	0.7%	79,584	-75.4%	$1.0M

What Grandeur Peak Global Advisors, LLC bought and sold in Q1 2026, against Q4 2025.

New positions

Q4 2025's filing was too long to tell new positions apart.

Added to

KAI Kadant Inc Com+311.5% shares
RXST Rxsight Inc+19.2% shares
ATRC AtriCure, Inc.+16.3% shares

Reduced

FROG Jfrog Ltd-91.7% shares
DSGX Descartes Systems Group Inc.-91.7% shares
MAMA Mamas Creations Inc-89.0% shares
FRPT Freshpet Inc-83.8% shares
PAX Patria Investments Limited-75.4% shares
MOD Modine Mfg Co-68.0% shares
ALG Alamo Group Inc-52.1% shares
KRMN Karman Hldgs Inc-46.0% shares

Left the top 50

Share counts compared with the Q4 2025 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +53.1% /yr; S&P 500 +20.1%
3 years: +18.0% /yr; S&P 500 +20.4%
5 years: +0.8% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q1 2026	$426.8M	86
Q4 2025	$742.8M	102
Q3 2025	$745.4M	104
Q2 2025	$829.9M	104
Q1 2025	$901.8M	112
Q4 2024	$1.1B	126
Q3 2024	$1.2B	133
Q2 2024	$1.3B	131
Q1 2024	$1.3B	121
Q4 2023	$1.4B	114
Q3 2023	$1.3B	112
Q2 2023	$1.5B	111

Questions about Grandeur Peak Global Advisors, LLC's portfolio

What stocks does Grandeur Peak Global Advisors, LLC own?

Grandeur Peak Global Advisors, LLC's latest 13F, for Q1 2026 and filed May 15, 2026, lists 86 positions worth $426.8M. The largest are Marex Group PLC (MRX) at 13.8%, Monolithic Power Systms Inc (MPWR) at 13.2%, Bbb Foods Inc (TBBB) at 8.5%, Kadant Inc Com (KAI) at 7.8% and Itt Inc (ITT) at 6.5%.

What did Grandeur Peak Global Advisors, LLC buy last quarter?

In Q1 2026, Grandeur Peak Global Advisors, LLC added Kadant Inc Com (KAI) (+311.5% shares), Rxsight Inc (RXST) (+19.2% shares) and AtriCure, Inc. (ATRC) (+16.3% shares), compared with its Q4 2025 filing.

What did Grandeur Peak Global Advisors, LLC sell last quarter?

In Q1 2026, Grandeur Peak Global Advisors, LLC cut from its top 50 Accelerant Holdings (ARX), cut from its top 50 Cloudflare Inc (NET), cut from its top 50 Silicon Laboratories Inc (SLAB), cut from its top 50 Power Integrations Inc (POWI), cut from its top 50 Stantec Inc (STN), Jfrog Ltd (FROG) (-91.7% shares), Descartes Systems Group Inc. (DSGX) (-91.7% shares) and Mamas Creations Inc (MAMA) (-89.0% shares), compared with its Q4 2025 filing.

How has Grandeur Peak Global Advisors, LLC's portfolio performed?

A portfolio copying Grandeur Peak Global Advisors, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +53.1% against +20.1%. Over 5 years: +0.8% a year against +11.6%.

When is Grandeur Peak Global Advisors, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Grandeur Peak Global Advisors, LLC's filing for the quarter ending Jun 30, 2026 was due by Aug 14, 2026; this page updates once it is processed.

How much money does Grandeur Peak Global Advisors, LLC manage?

Grandeur Peak Global Advisors, LLC reported $3.8B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $426.8M.