# Tributary Capital Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1441888. Source: https://holderbook.com/funds/1441888-tributary-capital-management-llc/

- Reported value: $1.2B
- Positions: 135
- Weight of the ten largest: 26.7%
- Filed: 2026-07-23

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ENPRO INC | [NPO](https://holderbook.com/stocks/NPO/) | $45.7M | 121,117 | 3.8% | 18 |
| COHU INC | [COHU](https://holderbook.com/stocks/COHU/) | $38.0M | 514,757 | 3.1% | 9 |
| ESCO TECHNOLOGIES INC | [ESE](https://holderbook.com/stocks/ESE/) | $36.3M | 103,844 | 3.0% | 10 |
| DIODES INC | [DIOD](https://holderbook.com/stocks/DIOD/) | $35.9M | 328,249 | 3.0% | 25 |
| BENCHMARK ELECTRS INC | [BHE](https://holderbook.com/stocks/BHE/) | $34.0M | 344,987 | 2.8% | 31 |
| MOELIS & CO | [MC](https://holderbook.com/stocks/MC/) | $30.1M | 459,690 | 2.5% | 27 |
| POWER INTEGRATIONS INC | [POWI](https://holderbook.com/stocks/POWI/) | $27.8M | 332,001 | 2.3% | 18 |
| SEACOAST BKG CORP FLA | [SBCF](https://holderbook.com/stocks/SBCF/) | $26.6M | 799,831 | 2.2% | 21 |
| ATLANTIC UN BANKSHARES CORP | [AUB](https://holderbook.com/stocks/AUB/) | $26.2M | 620,199 | 2.2% | 29 |
| SELECTIVE INS GROUP INC | [SIGI](https://holderbook.com/stocks/SIGI/) | $23.6M | 243,301 | 1.9% | 31 |
| IDACORP INC | [IDA](https://holderbook.com/stocks/IDA/) | $23.3M | 154,069 | 1.9% | 31 |
| MARCUS & MILLICHAP INC | [MMI](https://holderbook.com/stocks/MMI/) | $23.1M | 740,631 | 1.9% | 31 |
| ENERSYS | [ENS](https://holderbook.com/stocks/ENS/) | $22.7M | 97,246 | 1.9% | 26 |
| ADVANCED ENERGY INDS | [AEIS](https://holderbook.com/stocks/AEIS/) | $21.8M | 58,540 | 1.8% | 18 |
| LITTELFUSE INC | [LFUS](https://holderbook.com/stocks/LFUS/) | $21.0M | 46,143 | 1.7% | 31 |
| CONCENTRA GROUP HOLDINGS PAR | [CON](https://holderbook.com/stocks/CON/) | $20.6M | 691,195 | 1.7% | 4 |
| FB FINL CORP | [FBK](https://holderbook.com/stocks/FBK/) | $20.5M | 370,081 | 1.7% | 2 |
| DORMAN PRODS INC | [DORM](https://holderbook.com/stocks/DORM/) | $20.3M | 148,989 | 1.7% | 31 |
| VIAVI SOLUTIONS INC | [VIAV](https://holderbook.com/stocks/VIAV/) | $19.7M | 412,403 | 1.6% | 13 |
| SUNSTONE HOTEL INVS INC NEW | [SHO](https://holderbook.com/stocks/SHO/) | $19.7M | 1,718,319 | 1.6% | 20 |
| AMN HEALTHCARE SVCS INC | [AMN](https://holderbook.com/stocks/AMN/) | $19.5M | 601,198 | 1.6% | 31 |
| BALCHEM CORP | [BCPC](https://holderbook.com/stocks/BCPC/) | $18.9M | 112,132 | 1.6% | 31 |
| LIVERAMP HLDGS INC | [RAMP](https://holderbook.com/stocks/RAMP/) | $18.8M | 499,911 | 1.5% | 7 |
| KORN FERRY | [KFY](https://holderbook.com/stocks/KFY/) | $17.9M | 268,108 | 1.5% | 26 |
| ORIGIN BANCORP INC | [OBK](https://holderbook.com/stocks/OBK/) | $17.7M | 346,638 | 1.5% | 16 |
| ADDUS HOMECARE CORP | [ADUS](https://holderbook.com/stocks/ADUS/) | $17.5M | 174,646 | 1.4% | 17 |
| ALAMO GROUP INC | [ALG](https://holderbook.com/stocks/ALG/) | $17.1M | 104,151 | 1.4% | 10 |
| KFORCE INC | [KFRC](https://holderbook.com/stocks/KFRC/) | $17.1M | 363,496 | 1.4% | 31 |
| STEWART INFORMATION SVCS COR | [STC](https://holderbook.com/stocks/STC/) | $16.5M | 249,532 | 1.4% | 24 |
| MONARCH CASINO & RESORT INC | [MCRI](https://holderbook.com/stocks/MCRI/) | $16.2M | 123,211 | 1.3% | 18 |
| EPLUS INC | [PLUS](https://holderbook.com/stocks/PLUS/) | $16.0M | 191,890 | 1.3% | 4 |
| PREFORMED LINE PRODS CO | [PLPC](https://holderbook.com/stocks/PLPC/) | $15.7M | 38,262 | 1.3% | 2 |
| AAR CORP | [AIR](https://holderbook.com/stocks/AIR/) | $15.6M | 109,224 | 1.3% | 1 |
| CSW INDUSTRIALS INC | [CSW](https://holderbook.com/stocks/CSW/) | $15.5M | 55,870 | 1.3% | 26 |
| QUALYS INC | [QLYS](https://holderbook.com/stocks/QLYS/) | $15.4M | 112,278 | 1.3% | 21 |
| FRONTDOOR INC | [FTDR](https://holderbook.com/stocks/FTDR/) | $15.4M | 198,498 | 1.3% | 2 |
| ICF INTL INC | [ICFI](https://holderbook.com/stocks/ICFI/) | $14.9M | 204,560 | 1.2% | 28 |
| KAISER ALUMINIUM CORPORATION | [KALU](https://holderbook.com/stocks/KALU/) | $14.8M | 75,731 | 1.2% | 26 |
| FRANKLIN ELEC INC | [FELE](https://holderbook.com/stocks/FELE/) | $14.8M | 137,643 | 1.2% | 31 |
| QUAKER HOUGHTON | [KWR](https://holderbook.com/stocks/KWR/) | $14.6M | 92,150 | 1.2% | 1 |
| BOOT BARN HLDGS INC | [BOOT](https://holderbook.com/stocks/BOOT/) | $14.6M | 88,912 | 1.2% | 27 |
| NORTHERN OIL & GAS INC | [NOG](https://holderbook.com/stocks/NOG/) | $14.6M | 804,530 | 1.2% | 17 |
| CHESAPEAKE UTILS CORP | [CPK](https://holderbook.com/stocks/CPK/) | $14.5M | 118,708 | 1.2% | 27 |
| MARZETTI COMPANY | [MZTI](https://holderbook.com/stocks/MZTI/) | $14.3M | 124,860 | 1.2% | 10 |
| OLLIES BARGAIN OUTLET HLDGS | [OLLI](https://holderbook.com/stocks/OLLI/) | $14.0M | 182,735 | 1.2% | 26 |
| INTEGER HLDGS CORP | [ITGR](https://holderbook.com/stocks/ITGR/) | $13.8M | 147,501 | 1.1% | 29 |
| EXLSERVICE HLDGS INC | [EXLS](https://holderbook.com/stocks/EXLS/) | $13.7M | 530,225 | 1.1% | 31 |
| ACUSHNET HLDGS CORP | [GOLF](https://holderbook.com/stocks/GOLF/) | $13.2M | 111,401 | 1.1% | 13 |
| MERCANTILE BK CORP | [MBWM](https://holderbook.com/stocks/MBWM/) | $12.5M | 218,146 | 1.0% | 31 |
| CASS INFORMATION SYS INC | [CASS](https://holderbook.com/stocks/CASS/) | $12.4M | 241,747 | 1.0% | 26 |
| INTER PARFUMS INC | [IPAR](https://holderbook.com/stocks/IPAR/) | $12.4M | 110,798 | 1.0% | 5 |
| PRESTIGE CONSMR HEALTHCARE I | [PBH](https://holderbook.com/stocks/PBH/) | $12.0M | 252,984 | 1.0% | 5 |
| CAVCO INDS INC DEL | [CVCO](https://holderbook.com/stocks/CVCO/) | $11.8M | 19,142 | 1.0% | 1 |
| Q2 HLDGS INC | [QTWO](https://holderbook.com/stocks/QTWO/) | $11.7M | 242,876 | 1.0% | 1 |
| NETSTREIT CORP | [NTST](https://holderbook.com/stocks/NTST/) | $11.1M | 524,566 | 0.9% | 7 |
| GULFPORT ENERGY CORP | [GPOR](https://holderbook.com/stocks/GPOR/) | $10.9M | 64,399 | 0.9% | 2 |
| ENOVIS CORPORATION | [ENOV](https://holderbook.com/stocks/ENOV/) | $10.6M | 509,683 | 0.9% | 12 |
| MCGRATH RENTCORP | [MGRC](https://holderbook.com/stocks/MGRC/) | $10.1M | 83,334 | 0.8% | 3 |
| SIMULATIONS PLUS INC | [SLP](https://holderbook.com/stocks/SLP/) | $9.9M | 538,249 | 0.8% | 11 |
| THE BALDWIN INSURANCE GRP IN | [BWIN](https://holderbook.com/stocks/BWIN/) | $9.5M | 357,734 | 0.8% | 17 |
| PATRICK INDS INC | [PATK](https://holderbook.com/stocks/PATK/) | $9.4M | 104,480 | 0.8% | 22 |
| CONMED CORP | [CNMD](https://holderbook.com/stocks/CNMD/) | $8.4M | 257,180 | 0.7% | 4 |
| BLACKBAUD INC | [BLKB](https://holderbook.com/stocks/BLKB/) | $6.7M | 224,561 | 0.5% | 22 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.7M | 12,702 | 0.3% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.6M | 17,843 | 0.3% | 23 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.9M | 8,179 | 0.2% | 31 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $2.6M | 1,339 | 0.2% | 21 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.5M | 6,618 | 0.2% | 31 |
| ONTO INNOVATION INC | [ONTO](https://holderbook.com/stocks/ONTO/) | $2.0M | 5,356 | 0.2% | 27 |
| PTC INC | [PTC](https://holderbook.com/stocks/PTC/) | $2.0M | 17,170 | 0.2% | 23 |
| REVVITY INC | [RVTY](https://holderbook.com/stocks/RVTY/) | $1.9M | 17,414 | 0.2% | 31 |
| RYAN SPECIALTY HOLDINGS INC | [RYAN](https://holderbook.com/stocks/RYAN/) | $1.8M | 48,524 | 0.2% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.8M | 7,456 | 0.1% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.7M | 4,500 | 0.1% | 4 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.6M | 4,966 | 0.1% | 31 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $1.6M | 9,242 | 0.1% | 1 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $1.6M | 11,376 | 0.1% | 31 |
| MKS INC. | [MKSI](https://holderbook.com/stocks/MKSI/) | $1.5M | 3,369 | 0.1% | 1 |
| TETRA TECH INC NEW | [TTEK](https://holderbook.com/stocks/TTEK/) | $1.5M | 51,292 | 0.1% | 21 |
| BURLINGTON STORES INC | [BURL](https://holderbook.com/stocks/BURL/) | $1.5M | 4,640 | 0.1% | 28 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.4M | 15,032 | 0.1% | 22 |
| SOUTHSTATE BK CORP | [SSB](https://holderbook.com/stocks/SSB/) | $1.4M | 13,630 | 0.1% | 4 |
| LAMAR ADVERTISING CO | [LAMR](https://holderbook.com/stocks/LAMR/) | $1.3M | 8,206 | 0.1% | 21 |
| STIFEL FINL CORP | [SF](https://holderbook.com/stocks/SF/) | $1.2M | 17,902 | 0.1% | 31 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $1.2M | 38,949 | 0.1% | 22 |
| AAON INC | [AAON](https://holderbook.com/stocks/AAON/) | $1.2M | 9,403 | 0.1% | 3 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $1.2M | 6,752 | 0.1% | 22 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.1M | 1,916 | 0.1% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.1M | 7,946 | 0.1% | 1 |
| CACI INTL INC | [CACI](https://holderbook.com/stocks/CACI/) | $1.0M | 2,257 | 0.1% | 31 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $1.0M | 2,824 | 0.1% | 21 |
| CASEYS GEN STORES INC | [CASY](https://holderbook.com/stocks/CASY/) | $1.0M | 1,269 | 0.1% | 21 |
| PERMIAN RESOURCES CORP | [PR](https://holderbook.com/stocks/PR/) | $1.0M | 54,466 | 0.1% | 16 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $976.8K | 3,591 | 0.1% | 1 |
| DYNATRACE INC | [DT](https://holderbook.com/stocks/DT/) | $925.6K | 21,079 | 0.1% | 3 |
| LINCOLN ELEC HLDGS INC | [LECO](https://holderbook.com/stocks/LECO/) | $921.6K | 3,471 | 0.1% | 6 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $891.7K | 2,120 | 0.1% | 7 |
| RPM INTL INC | [RPM](https://holderbook.com/stocks/RPM/) | $875.4K | 7,876 | 0.1% | 22 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $873.0K | 4,119 | 0.1% | 1 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $859.5K | 8,930 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +22.0% | +14.8% | +7.2% | 100% |
| Q1 2026 | +4.4% | -4.6% | +9.0% | 100% |
| Q4 2025 | -1.2% | +2.4% | -3.5% | 100% |
| Q3 2025 | +2.9% | +7.8% | -4.9% | 99% |
| Q2 2025 | +3.6% | +10.5% | -6.8% | 100% |
| Q1 2025 | -8.7% | -4.6% | -4.2% | 100% |
| Q4 2024 | -2.2% | +2.1% | -4.3% | 100% |
| Q3 2024 | +10.6% | +5.4% | +5.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.2B | 135 |
| Q1 2026 | $1.0B | 164 |
| Q4 2025 | $1.0B | 167 |
| Q3 2025 | $1.1B | 166 |
| Q2 2025 | $1.1B | 164 |
| Q1 2025 | $1.1B | 164 |
| Q4 2024 | $1.3B | 210 |
| Q3 2024 | $1.3B | 210 |
| Q2 2024 | $1.2B | 213 |
| Q1 2024 | $1.2B | 211 |
| Q4 2023 | $1.2B | 162 |
| Q3 2023 | $1.1B | 161 |