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Dundas Partners LLP

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13F filer, CIK 1742418, EDINBURGH, United Kingdom

Dundas Partners LLP reported $1,420,101,806 across 49 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-12. Its ten largest share positions make up 51.46% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001742418-26-000002

Period
2025-12-31
Reported value
$1.42B
Holdings
49
Top 10 weight
51.46%
New
0
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
RMDadded+29,845$7.19M
MAadded+12,158$6.94M
INTUadded+4,789$3.17M
BROadded+33,262$2.65M
TMOadded+3,175$1.84M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
ACNreduced-58,733-$15.8M
ALCreduced-139,368-$11.1M
APHreduced-73,360-$9.91M
ROSTreduced-25,081-$4.52M
AXPreduced-11,531-$4.27M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001742418-26-000002, largest first. % of portfolio is the value over $1,420,101,808, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 273,525 shares; 2024Q4: 301,749 shares; 2025Q1: 301,749 shares; 2025Q2: 301,749 shares; 2025Q3: 301,749 shares; 2025Q4: 295,344 shares 295,344$92.7M6.53%-6,405Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 180,361 shares; 2024Q4: 186,468 shares; 2025Q1: 186,468 shares; 2025Q2: 186,468 shares; 2025Q3: 186,468 shares; 2025Q4: 182,458 shares 182,458$88.2M6.21%-4,010Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 303,564 shares; 2024Q4: 289,171 shares; 2025Q1: 289,171 shares; 2025Q2: 282,445 shares; 2025Q3: 282,445 shares; 2025Q4: 282,161 shares 282,161$85.7M6.04%-284Timeline
WRBBERKLEY W R CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,123,310 shares; 2024Q4: 1,123,310 shares; 2025Q1: 1,123,310 shares; 2025Q2: 1,123,310 shares; 2025Q3: 1,181,601 shares; 2025Q4: 1,161,472 shares 1,161,472$81.4M5.73%-20,129Timeline
APHAMPHENOL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 617,382 shares; 2024Q4: 617,382 shares; 2025Q1: 617,382 shares; 2025Q2: 617,382 shares; 2025Q3: 606,161 shares; 2025Q4: 532,801 shares 532,801$72M5.07%-73,360Timeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 266,212 shares; 2024Q4: 266,212 shares; 2025Q1: 266,212 shares; 2025Q2: 112,482 shares; 2025Q3: 278,394 shares; 2025Q4: 274,132 shares 274,132$70.4M4.96%-4,262Timeline
AXPAMERICAN EXPRESS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 174,436 shares; 2024Q4: 174,436 shares; 2025Q1: 174,436 shares; 2025Q2: 174,436 shares; 2025Q3: 189,180 shares; 2025Q4: 177,649 shares 177,649$65.7M4.63%-11,531Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 160,525 shares; 2024Q4: 175,029 shares; 2025Q1: 175,029 shares; 2025Q2: 175,029 shares; 2025Q3: 181,492 shares; 2025Q4: 178,743 shares 178,743$62.7M4.41%-2,749Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,238 shares; 2024Q4: 70,238 shares; 2025Q1: 75,152 shares; 2025Q2: 93,193 shares; 2025Q3: 95,231 shares; 2025Q4: 98,406 shares 98,406$57M4.02%+3,175Timeline
ADIANALOG DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 197,970 shares; 2024Q4: 197,970 shares; 2025Q1: 197,970 shares; 2025Q2: 197,970 shares; 2025Q3: 206,749 shares; 2025Q4: 201,876 shares 201,876$54.7M3.86%-4,873Timeline
ABTABBOTT LABORATORIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 345,049 shares; 2024Q4: 345,049 shares; 2025Q1: 345,049 shares; 2025Q2: 371,715 shares; 2025Q3: 442,954 shares; 2025Q4: 428,307 shares 428,307$53.7M3.78%-14,647Timeline
BROBROWN & BROWN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 479,205 shares; 2024Q4: 503,111 shares; 2025Q1: 503,111 shares; 2025Q2: 503,111 shares; 2025Q3: 633,541 shares; 2025Q4: 666,803 shares 666,803$53.1M3.74%+33,262Timeline
NDAQNASDAQ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 500,759 shares; 2024Q4: 500,759 shares; 2025Q1: 500,759 shares; 2025Q2: 500,759 shares; 2025Q3: 530,283 shares; 2025Q4: 521,726 shares 521,726$50.7M3.57%-8,557Timeline
RMDRESMED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,562 shares; 2024Q4: 140,562 shares; 2025Q1: 152,184 shares; 2025Q2: 152,184 shares; 2025Q3: 175,117 shares; 2025Q4: 204,962 shares 204,962$49.4M3.48%+29,845Timeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,270 shares; 2024Q4: 7,270 shares; 2025Q1: 7,270 shares; 2025Q2: 7,270 shares; 2025Q3: 8,458 shares; 2025Q4: 8,305 shares 8,305$44.5M3.13%-153Timeline
ROSTROSS STORES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 274,017 shares; 2024Q4: 274,017 shares; 2025Q1: 279,145 shares; 2025Q2: 279,145 shares; 2025Q3: 270,309 shares; 2025Q4: 245,228 shares 245,228$44.2M3.11%-25,081Timeline
ZTSZOETIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 182,113 shares; 2024Q4: 182,113 shares; 2025Q1: 197,747 shares; 2025Q2: 197,747 shares; 2025Q3: 310,676 shares; 2025Q4: 305,387 shares 305,387$38.4M2.71%-5,289Timeline
ADPAUTOMATIC DATA PROCESSING INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 112,482 shares; 2024Q4: 112,482 shares; 2025Q1: 112,482 shares; 2025Q2: 773 shares; 2025Q3: 151,673 shares; 2025Q4: 142,534 shares 142,534$36.7M2.58%-9,139Timeline
AMEAMETEK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 133,770 shares; 2024Q4: 142,812 shares; 2025Q1: 142,812 shares; 2025Q2: 172,472 shares; 2025Q3: 172,472 shares; 2025Q4: 170,095 shares 170,095$34.9M2.46%-2,377Timeline
SYKSTRYKER CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 90,522 shares; 2024Q4: 90,522 shares; 2025Q1: 90,522 shares; 2025Q2: 90,522 shares; 2025Q3: 98,694 shares; 2025Q4: 97,014 shares 97,014$34.1M2.4%-1,680Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,459 shares; 2024Q4: 44,459 shares; 2025Q1: 44,459 shares; 2025Q2: 44,459 shares; 2025Q3: 44,459 shares; 2025Q4: 56,617 shares 56,617$32.3M2.28%+12,158Timeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 406,972 shares; 2024Q4: 385,984 shares; 2025Q1: 393,556 shares; 2025Q2: 443,405 shares; 2025Q3: 864,132 shares; 2025Q4: 883,744 shares 883,744$32.3M2.27%+19,612Timeline
INTUINTUITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 36,888 shares; 2025Q2: 36,888 shares; 2025Q3: 43,762 shares; 2025Q4: 48,551 shares 48,551$32.2M2.26%+4,789Timeline
EFXEQUIFAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 132,615 shares; 2024Q4: 132,615 shares; 2025Q1: 132,615 shares; 2025Q2: 132,615 shares; 2025Q3: 132,615 shares; 2025Q4: 128,047 shares 128,047$27.8M1.96%-4,568Timeline
ACNACCENTURE PLC IRELANDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 126,597 shares; 2024Q4: 126,597 shares; 2025Q1: 126,597 shares; 2025Q2: 126,597 shares; 2025Q3: 145,882 shares; 2025Q4: 87,149 shares 87,149$23.4M1.65%-58,733Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 85,152 shares; 2025Q4: 83,752 shares 83,752$22.2M1.56%-1,400Timeline
MSCIMSCI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 37,782 shares; 2025Q2: 37,782 shares; 2025Q3: 37,782 shares; 2025Q4: 37,226 shares 37,226$21.4M1.5%-556Timeline
GWWWW GRAINGER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 73,650 shares; 2024Q4: 73,650 shares; 2025Q1: 73,650 shares; 2025Q2: 73,650 shares; 2025Q3: 21,181 shares; 2025Q4: 20,087 shares 20,087$20.3M1.43%-1,094Timeline
ALCALCON AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 425,938 shares; 2024Q4: 403,994 shares; 2025Q1: 406,475 shares; 2025Q2: 391,786 shares; 2025Q3: 391,786 shares; 2025Q4: 252,418 shares 252,418$20.2M1.42%-139,368Timeline
RBARB GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 111,688 shares; 2024Q4: 91,989 shares; 2025Q1: 91,989 shares; 2025Q2: 95,184 shares; 2025Q3: 93,605 shares; 2025Q4: 97,308 shares 97,308$10M0.71%+3,703Timeline
JKHYHENRY JACK & ASSOC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,900 shares; 2025Q3: 3,591 shares; 2025Q4: 3,591 shares 3,591$655K0.05%0Timeline
RYANRYAN SPECIALTY HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,225 shares; 2024Q4: 10,254 shares; 2025Q1: 10,897 shares; 2025Q2: 10,200 shares; 2025Q3: 11,723 shares; 2025Q4: 12,618 shares 12,618$651K0.05%+895Timeline
NVTNVENT ELEC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,281 shares; 2025Q4: 6,154 shares 6,154$628K0.04%+2,873Timeline
TECHBIO-TECHNE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 9,936 shares; 2025Q4: 9,936 shares 9,936$584K0.04%0Timeline
AITAPPLIED INDL TECHNOLOGIES INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,733 shares; 2024Q4: 2,039 shares; 2025Q1: 2,039 shares; 2025Q2: 266,212 shares; 2025Q3: 2,110 shares; 2025Q4: 2,110 shares 2,110$542K0.04%0Timeline
SFSTIFEL FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,354 shares; 2025Q4: 3,799 shares 3,799$476K0.03%+445Timeline
PAYCPAYCOM SOFTWARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,456 shares; 2025Q2: 2,583 shares; 2025Q3: 2,819 shares; 2025Q4: 2,819 shares 2,819$449K0.03%0Timeline
ESABESAB CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,454 shares; 2024Q4: 4,132 shares; 2025Q1: 4,132 shares; 2025Q2: 3,884 shares; 2025Q3: 4,224 shares; 2025Q4: 3,890 shares 3,890$435K0.03%-334Timeline
CRCRANE COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,736 shares; 2025Q4: 2,286 shares 2,286$422K0.03%+550Timeline
LFUSLITTELFUSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,531 shares; 2024Q4: 1,251 shares; 2025Q1: 1,049 shares; 2025Q2: 724 shares; 2025Q3: 913 shares; 2025Q4: 1,590 shares 1,590$402K0.03%+677Timeline
EVREVERCORE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 917 shares; 2025Q4: 1,069 shares 1,069$364K0.03%+152Timeline
TRUTRANSUNIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,538 shares; 2024Q4: 6,558 shares; 2025Q1: 7,017 shares; 2025Q2: 3,452 shares; 2025Q3: 4,122 shares; 2025Q4: 4,122 shares 4,122$353K0.02%0Timeline
HLNEHAMILTON LANE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,574 shares; 2025Q4: 2,574 shares 2,574$346K0.02%0Timeline
MKTXMARKETAXESS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,093 shares; 2024Q4: 2,364 shares; 2025Q1: 2,567 shares; 2025Q2: 2,239 shares; 2025Q3: 2,239 shares; 2025Q4: 1,902 shares 1,902$345K0.02%-337Timeline
WTSWATTS WATER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,201 shares; 2024Q4: 2,567 shares; 2025Q1: 2,567 shares; 2025Q2: 2,270 shares; 2025Q3: 2,270 shares; 2025Q4: 1,233 shares 1,233$340K0.02%-1,037Timeline
LMATLEMAITRE VASCULAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,660 shares; 2025Q3: 2,660 shares; 2025Q4: 3,246 shares 3,246$263K0.02%+586Timeline
RLIRLI CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,800 shares; 2025Q3: 4,800 shares; 2025Q4: 3,900 shares 3,900$250K0.02%-900Timeline
INTERDIGITAL INCINTERDIGITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,600 shares; 2024Q4: 1,715 shares; 2025Q1: 1,715 shares; 2025Q2: 1,654 shares; 2025Q3: 1,654 shares; 2025Q4: 574 shares 574$183K0.01%-1,080
BMIBADGER METER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,389 shares; 2024Q4: 1,589 shares; 2025Q1: 1,589 shares; 2025Q2: 8,444 shares; 2025Q3: 773 shares; 2025Q4: 773 shares 773$135K0.01%0Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
GGGGRACO INC1,842$156Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001742418-26-000002 base2026-02-12acceptance time not in the bulk data set