# EDGAR Filing Document

**Accession Number:** 0001063497
**File Stem:** 0001172661-26-001845
**Filing Date:** 2026-5
**Character Count:** 13251
**Document Hash:** 739e4e14eff95fba417897730266c1ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-001845.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001172661-26-001845

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260513

**EFFECTIVENESS DATE**: 20260514

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pembroke Management, LTD
- **CENTRAL INDEX KEY:** 0001063497

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15085
- **FILM NUMBER:** 26975406

**BUSINESS ADDRESS:**
- **STREET 1:** 1002 SHERBROOKE STREET WEST
- **STREET 2:** SUITE 1700
- **CITY:** MONTREAL
- **STATE:** A8
- **ZIP:** H3A 3S4
- **BUSINESS PHONE:** 514-848-1991

**MAIL ADDRESS:**
- **STREET 1:** 1002 SHERBROOKE STREET WEST
- **STREET 2:** SUITE 1700
- **CITY:** MONTREAL
- **STATE:** A8
- **ZIP:** H3A 3S4

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PEMBROKE MANAGEMENT LTD
- **DATE OF NAME CHANGE:** 19980605

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Pembroke Management LTD<br>**Address:** 1002 Sherbrooke Street West<br>Suite 1700<br>Montreal, A8 H3A 3S4

**Form 13F File Number:** 028-15085

**CRD Number (if applicable):** 000155405

**SEC File Number (if applicable):** 801-72181

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Anthony Calzetta<br>**Title:** Partner and Chief Financial Officer<br>**Phone:** 514-848-1991

**Signature, Place, and Date of Signing:**

/s/ Anthony Calzetta  Montreal, A8  05-13-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 97

**Form 13F Information Table Value Total:** $691436350

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AAON INC | COM PAR $0.004 | 000360206 |  | 35589865 | 430089 | SH |  | SOLE |  | 430089 | 0 | 0 |
| AAR CORP | COM | 000361105 |  | 3688802 | 33700 | SH |  | SOLE |  | 33700 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 939188 | 4627 | SH |  | SOLE |  | 4627 | 0 | 0 |
| ALAMOS GOLD INC | COM CL A | 011532108 |  | 823732 | 18540 | SH |  | SOLE |  | 18540 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 912140 | 3172 | SH |  | SOLE |  | 3172 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1006361 | 4832 | SH |  | SOLE |  | 4832 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1055259 | 4158 | SH |  | SOLE |  | 4158 | 0 | 0 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 |  | 583807 | 442 | SH |  | SOLE |  | 442 | 0 | 0 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 12643608 | 148591 | SH |  | SOLE |  | 148591 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 19457705 | 372325 | SH |  | SOLE |  | 372325 | 0 | 0 |
| BK TECHNOLOGIES CORPORATION | COM NEW | 05587G203 |  | 1052283 | 14100 | SH |  | SOLE |  | 14100 | 0 | 0 |
| BOBS DISC FURNITURE INC | COM SHS | 09681N106 |  | 2059223 | 175253 | SH |  | SOLE |  | 175253 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 234434 | 3736 | SH |  | SOLE |  | 3736 | 0 | 0 |
| BOWMAN CONSULTING GROUP LTD | COM | 103002101 |  | 1462129 | 51411 | SH |  | SOLE |  | 51411 | 0 | 0 |
| BOYD GROUP SERVICES INC | COM | 103310108 |  | 14584862 | 114069 | SH |  | SOLE |  | 114069 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 863468 | 21336 | SH |  | SOLE |  | 21336 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 296487 | 1067 | SH |  | SOLE |  | 1067 | 0 | 0 |
| CAE INC | COM | 124765108 |  | 1713256 | 65768 | SH |  | SOLE |  | 65768 | 0 | 0 |
| CASELLA WASTE SYS INC | CL A | 147448104 |  | 1354572 | 17073 | SH |  | SOLE |  | 17073 | 0 | 0 |
| CELLEBRITE DI LTD | ORDINARY SHARES | M2197Q107 |  | 8790937 | 637949 | SH |  | SOLE |  | 637949 | 0 | 0 |
| CGI INC | CL A SUB VTG | 12532H104 |  | 1039482 | 14220 | SH |  | SOLE |  | 14220 | 0 | 0 |
| CHEWY INC | CL A | 16679L109 |  | 4328829 | 160327 | SH |  | SOLE |  | 160327 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 285553 | 8601 | SH |  | SOLE |  | 8601 | 0 | 0 |
| CORE  MAIN INC | CL A | 21874C102 |  | 34888108 | 706237 | SH |  | SOLE |  | 706237 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 211422 | 5241 | SH |  | SOLE |  | 5241 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 226190 | 227 | SH |  | SOLE |  | 227 | 0 | 0 |
| CPI CARD GROUP INC | COM NEW | 12634H200 |  | 1444717 | 99567 | SH |  | SOLE |  | 99567 | 0 | 0 |
| CRA INTL INC | COM | 12618T105 |  | 6814500 | 42096 | SH |  | SOLE |  | 42096 | 0 | 0 |
| CREXENDO INC | COM | 226552107 |  | 1205439 | 195371 | SH |  | SOLE |  | 195371 | 0 | 0 |
| DESCARTES SYS GROUP INC | COM | 249906108 |  | 7393794 | 103323 | SH |  | SOLE |  | 103323 | 0 | 0 |
| DORMAN PRODS INC | COM | 258278100 |  | 9091948 | 87121 | SH |  | SOLE |  | 87121 | 0 | 0 |
| DUTCH BROS INC | CL A | 26701L100 |  | 2734475 | 53977 | SH |  | SOLE |  | 53977 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 448848 | 488 | SH |  | SOLE |  | 488 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 11446146 | 302728 | SH |  | SOLE |  | 302728 | 0 | 0 |
| EVERPURE INC | CL A | 74624M102 |  | 26959140 | 456625 | SH |  | SOLE |  | 456625 | 0 | 0 |
| FEDERAL SIGNAL CORP | COM | 313855108 |  | 31129397 | 287862 | SH |  | SOLE |  | 287862 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 806846 | 3459 | SH |  | SOLE |  | 3459 | 0 | 0 |
| FIRSTSERVICE CORP NEW | COM | 33767E202 |  | 908807 | 6541 | SH |  | SOLE |  | 6541 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 |  | 4282172 | 18742 | SH |  | SOLE |  | 18742 | 0 | 0 |
| FREEPORT MCMORAN INC | CL B | 35671D857 |  | 294018 | 5002 | SH |  | SOLE |  | 5002 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 325200 | 1146 | SH |  | SOLE |  | 1146 | 0 | 0 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 6909393 | 124158 | SH |  | SOLE |  | 124158 | 0 | 0 |
| GLOBUS MED INC | CL A | 379577208 |  | 35199720 | 408539 | SH |  | SOLE |  | 408539 | 0 | 0 |
| HAGERTY INC | CL A COM | 405166109 |  | 18301203 | 1738006 | SH |  | SOLE |  | 1738006 | 0 | 0 |
| HEALTHCARE SVCS GROUP INC | COM | 421906108 |  | 5548027 | 299085 | SH |  | SOLE |  | 299085 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 292054 | 888 | SH |  | SOLE |  | 888 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 406808 | 724 | SH |  | SOLE |  | 724 | 0 | 0 |
| IMAX CORP | COM | 45245E109 |  | 18545763 | 487918 | SH |  | SOLE |  | 487918 | 0 | 0 |
| INSTALLED BLDG PRODS INC | COM | 45780R101 |  | 19889167 | 75011 | SH |  | SOLE |  | 75011 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 3868405 | 55461 | SH |  | SOLE |  | 55461 | 0 | 0 |
| ISHARES INC | MSCI EQUAL WEITE | 464286681 |  | 2404113 | 23623 | SH |  | SOLE |  | 23623 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 14423530 | 22081 | SH |  | SOLE |  | 22081 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 4839915 | 53462 | SH |  | SOLE |  | 53462 | 0 | 0 |
| LCI INDS | COM | 50189K103 |  | 5168357 | 42026 | SH |  | SOLE |  | 42026 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 635069 | 1281 | SH |  | SOLE |  | 1281 | 0 | 0 |
| LOUISIANA PAC CORP | COM | 546347105 |  | 16186293 | 222492 | SH |  | SOLE |  | 222492 | 0 | 0 |
| MAIN STR CAP CORP | COM | 56035L104 |  | 3439064 | 64937 | SH |  | SOLE |  | 64937 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 455190 | 911 | SH |  | SOLE |  | 911 | 0 | 0 |
| MDA SPACE LTD | COM | 55293N109 |  | 24663959 | 974090 | SH |  | SOLE |  | 974090 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 457704 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 722572 | 1952 | SH |  | SOLE |  | 1952 | 0 | 0 |
| MODINE MFG CO | COM | 607828100 |  | 35945904 | 165871 | SH |  | SOLE |  | 165871 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 362994 | 1483 | SH |  | SOLE |  | 1483 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 37607960 | 34397 | SH |  | SOLE |  | 34397 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1228299 | 7043 | SH |  | SOLE |  | 7043 | 0 | 0 |
| OBSIDIAN ENERGY LTD | COM | 674482203 |  | 6055279 | 639417 | SH |  | SOLE |  | 639417 | 0 | 0 |
| OLLIES BARGAIN OUTLET HLDGS | COM | 681116109 |  | 6031841 | 65535 | SH |  | SOLE |  | 65535 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 377928 | 11109 | SH |  | SOLE |  | 11109 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 445303 | 4824 | SH |  | SOLE |  | 4824 | 0 | 0 |
| PENNANT GROUP INC | COM | 70805E109 |  | 4389638 | 144017 | SH |  | SOLE |  | 144017 | 0 | 0 |
| PORCH GROUP INC | COM | 733245104 |  | 1943816 | 271104 | SH |  | SOLE |  | 271104 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 213901 | 1079 | SH |  | SOLE |  | 1079 | 0 | 0 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 297155 | 1097 | SH |  | SOLE |  | 1097 | 0 | 0 |
| Q2 HLDGS INC | COM | 74736L109 |  | 4346161 | 91885 | SH |  | SOLE |  | 91885 | 0 | 0 |
| RED VIOLET INC | COM | 75704L104 |  | 4616920 | 133437 | SH |  | SOLE |  | 133437 | 0 | 0 |
| RESIDEO TECHNOLOGIES INC | COM | 76118Y104 |  | 37590999 | 1115129 | SH |  | SOLE |  | 1115129 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 2146173 | 13266 | SH |  | SOLE |  | 13266 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 329859 | 1710 | SH |  | SOLE |  | 1710 | 0 | 0 |
| SAIA INC | COM | 78709Y105 |  | 9135388 | 26006 | SH |  | SOLE |  | 26006 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 1297347 | 10937 | SH |  | SOLE |  | 10937 | 0 | 0 |
| SITEONE LANDSCAPE SUPPLY INC | COM | 82982L103 |  | 26285764 | 197474 | SH |  | SOLE |  | 197474 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 258457 | 533 | SH |  | SOLE |  | 533 | 0 | 0 |
| STANTEC INC | COM | 85472N109 |  | 599011 | 6933 | SH |  | SOLE |  | 6933 | 0 | 0 |
| STEVANATO GROUP S P A | ORD SHS | T9224W109 |  | 2073748 | 150818 | SH |  | SOLE |  | 150818 | 0 | 0 |
| TELESAT CORP | CL A  CL B SHS | 879512309 |  | 3360410 | 92829 | SH |  | SOLE |  | 92829 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 309221 | 742 | SH |  | SOLE |  | 742 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 579480 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| UNIVERSAL TECHNICAL INST INC | COM | 913915104 |  | 5878993 | 162853 | SH |  | SOLE |  | 162853 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 213954 | 1218 | SH |  | SOLE |  | 1218 | 0 | 0 |
| VERSABANK NEW | COM | 92512J106 |  | 9986676 | 704776 | SH |  | SOLE |  | 704776 | 0 | 0 |
| VICTORY CAP HLDGS INC DEL | COM CL A | 92645B103 |  | 5414738 | 82693 | SH |  | SOLE |  | 82693 | 0 | 0 |
| VSE CORP | COM | 918284100 |  | 9028593 | 48962 | SH |  | SOLE |  | 48962 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 478602 | 3851 | SH |  | SOLE |  | 3851 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 1724625 | 10617 | SH |  | SOLE |  | 10617 | 0 | 0 |
| WATSCO INC | COM | 942622200 |  | 18872698 | 51878 | SH |  | SOLE |  | 51878 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 864273 | 6597 | SH |  | SOLE |  | 6597 | 0 | 0 |
| WORKIVA INC | COM CL A | 98139A105 |  | 13410787 | 224900 | SH |  | SOLE |  | 224900 | 0 | 0 |

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