Pembroke Management, LTD

· CIK 0001063497

13F Portfolio $691.4B AUM 97 positions Filed May 14, 2026 EDGAR ↗ ← All Funds

Q1 2026 Q4 2025 · All 14 New 19 Added 55 Reduced 9 Exited

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
1	WSO	WATSCO INC	Industrials	51,878.0	$18.9M	2.73%	+5K	+10.8%	$363.79	+14.4%
2	LPX	LOUISIANA PAC CORP	Basic Materials	222,492.0	$16.2M	2.34%	+87K	+64.1%	$72.75	+1.2%
3	DSGX	DESCARTES SYS GROUP INC	Technology	103,323.0	$7.4M	1.07%	+2K	+2.3%	$71.56	-6.0%
4	MAIN	MAIN STR CAP CORP	Financial Services	64,937.0	$3.4M	0.50%	+408.0	+0.6%	$52.96	-4.3%
5	WCN	WASTE CONNECTIONS INC	Industrials	10,617.0	$1.7M	0.25%	+4K	+60.3%	$162.44	-4.6%
6	CAE	CAE INC	Industrials	65,768.0	$1.7M	0.25%	+4K	+6.3%	$26.05	-2.1%
7	AAPL	APPLE INC	Technology	4,158.0	$1.1M	0.15%	+100.0	+2.5%	$253.79	+18.3%
8	—	BK TECHNOLOGIES CORPORATION	—	14,100.0	$1.1M	0.15%	+7K	+110.1%	$74.63	—
9	AMZN	AMAZON COM INC	Consumer Cyclical	4,832.0	$1.0M	0.15%	+43.0	+0.9%	$208.27	+26.8%
10	AEM	AGNICO EAGLE MINES LTD	Basic Materials	4,627.0	$939K	0.14%	+144.0	+3.2%	$202.98	-11.2%
11	GOOGL	ALPHABET INC	Communication Services	3,172.0	$912K	0.13%	+91.0	+3.0%	$287.56	+39.5%
12	WPM	WHEATON PRECIOUS METALS CORP	Basic Materials	6,597.0	$864K	0.12%	+273.0	+4.3%	$131.01	+6.3%
13	AGI	ALAMOS GOLD INC	Basic Materials	18,540.0	$824K	0.12%	+528.0	+2.9%	$44.43	-9.5%
14	FERG	FERGUSON ENTERPRISES INC	Industrials	3,459.0	$807K	0.12%	+43.0	+1.3%	$233.26	-0.5%
15	LIN	LINDE PLC	Basic Materials	1,281.0	$635K	0.09%	+108.0	+9.2%	$495.76	+3.2%
16	TDG	TRANSDIGM GROUP INC	Industrials	500.0	$579K	0.08%	+118.0	+30.9%	$1158.96	+1.7%
17	LLY	ELI LILLY & CO	Healthcare	488.0	$449K	0.07%	+28.0	+6.1%	$919.77	+9.5%
18	PSA	PUBLIC STORAGE OPER CO	Real Estate	1,097.0	$297K	0.04%	+40.0	+3.8%	$270.88	+11.9%
19	CDNS	CADENCE DESIGN SYSTEM INC	Technology	1,067.0	$296K	0.04%	+76.0	+7.7%	$277.87	+25.0%

① Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation

Industrials 37.4%

Technology 23.5%

Consumer Cyclical 12.2%

Financial Services 9.2%

Healthcare 5.5%

Communication Services 3.6%

Basic Materials 3.3%

Energy 2.9%

Consumer Defensive 2.1%

Real Estate 0.2%