Grandeur Peak Global Advisors, LLC

Long Only Manager

Grandeur Peak Global Advisors, LLC is a Long Only Manager based in Grand Blanc, MI led by Blake Harold Walker, reporting $4.9B in AUM as of Q3 2025 with 41% Technology concentration, 51% concentrated in top 10 holdings, and 41% technology allocation.

CEOBlake Harold Walker

Portfolio Value: $745.4M
Positions: 104
Top Holding: MPWR at 8.05%
Last Reported: Q3 2025

Address5225 E Cook Rd, Grand Blanc, MI, 48439, United States

Top Holdings

Largest long holdings in Grandeur Peak Global Advisors, LLC's portfolio (50.8% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Monolithic Power Systems MPWR	Semiconductors Technology	$60.0M	8.05%	-$2.9M Sold	0.14% 65.2K shares	Q1 2020 Held for 5y 8m
2 JFrog Ltd. FROG	Software - Application Technology	$59.5M	7.99%	-$4.1M Sold	1.08% 1.3M shares	Q4 2021 Held for 3y 11m
3 Marex Group MRX	Financial - Capital Markets Financial Services	$59.0M	7.91%	+$8.9M Bought	2.41% 1.8M shares	Q2 2024 Held for 1y 5m
4 BBB Foods TBBB	Discount Stores Consumer Defensive	$40.3M	5.40%	+$2.0M Bought	1.30% 1.5M shares	Q2 2024 Held for 1y 5m
5 Descartes Systems Group DSGX	Software - Application Technology	$39.1M	5.25%	+$4.2M Bought	0.48% 415.5K shares	Q1 2024 Held for 1y 8m
6 CyberArk Software CYBR	Software - Infrastructure Technology	$38.6M	5.18%	-$18.6M Sold	0.16% 79.9K shares	Q1 2024 Held for 1y 8m
7 Littelfuse LFUS	Hardware, Equipment & Parts Technology	$27.3M	3.67%	-$3.5M Sold	0.43% 105.5K shares	≤ Q2 2013 Held for 12y 5m+
8 Primoris Services PRIM	Engineering & Construction Industrials	$25.0M	3.35%	-$1.0M Sold	0.34% 182.0K shares	Q2 2024 Held for 1y 5m
9 Mama's Creations, Inc. MAMA	Packaged Foods Consumer Defensive	$15.7M	2.11%	+$3.6M Bought	3.70% 1.5M shares	Q4 2024 Held for 11 months
10 ARX Aeroflex Holding Corp ARX	Unknown Unknown	$14.1M	1.89%	+$14.1M New	0.43% 945.9K shares	Q3 2025 Held for 2 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Grandeur Peak Global Advisors, LLC's latest filing

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Market Value

$745.4M

Prior: $829.9M

Q/Q Change

-10.19%

-$84.6M

Net Flows % of MV

-17.22%

Turnover Ratio

16.36%

New Purchases

10 stocks

$25.0M

Added To

35 stocks

+$44.9M

Sold Out Of

12 stocks

$29.2M

Reduced Holdings

52 stocks

-$169.1M

Increased Positions

Position	Shares Δ	Change
1 ARX Aeroflex Holding Corp ARX	New	0 → 945.9K +$14.1M
2 CSW Industrials, Inc. CSW	New	0 → 12.7K +$3.1M
3 NTSK Netskope, Inc. Class A Common Stock NTSK	New	0 → 55.9K +$1.3M
4 MIAX Miami International Holdings, Inc. MIAX	New	0 → 31.5K +$1.3M
5 Deckers Outdoor Corporation DECK	New	0 → 10.7K +$1.1M

Decreased Positions

Position	Shares Δ	Change
1 lululemon athletica LULU	Sold	85.3K → 0 −$20.3M
2 Boot Barn Holdings BOOT	Sold	19.7K → 0 −$3.0M
3 BellRing Brands BRBR	Sold	36.3K → 0 −$2.1M
4 Yum China Holdings YUMC	Sold	22.0K → 0 −$984.8K
5 Coupang CPNG	Sold	18.0K → 0 −$538.1K