Fred Martin – Disciplined Growth Investors Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Disciplined Growth Investors portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys – SharkNinja (SN), AxoGen, Inc. (AXGN), Bank of America Corporation (BAC), Broadcom Inc. (AVGO)

Increases – ZipRecruiter, Inc. (ZIP), Super Micro (SMCI), Cantaloupe, Inc. (CTLP), ViaSat, Inc. (VSAT), Arista Networks, Inc. (ANET), and 14 more

Reductions – Landstar System, Inc. (LSTR), Fox Factory Holding Corp. (FOXF), Simpson Manufacturing Company, (SSD), IPG Photonics Corporation (IPGP), Take-Two Interactive Software, (TTWO), and 35 more

Complete Exits – Royal Caribbean (RCL), Strategic Education, Inc. (STRA), MSC Industrial Direct Company, (MSM), Gentherm Inc (THRM)

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Disciplined Growth Investors Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q1 2020Mar 31, 2020	IWP iShares Russell Midcap Growth E	iShares Russell Midcap Growth E	Buy	+4,845+31.3%	$2.47K	20,308
Q1 2020Mar 31, 2020	CVX Chevron Corporation	Chevron Corporation	Sell - Position Exit	-1,950-100.0%	$0.00	-
Q1 2020Mar 31, 2020	IPGP IPG Photonics Corporation	IPG Photonics Corporation	Sell	-3,731-1.0%	$39.94K	362,163
Q1 2020Mar 31, 2020	IWO iShares Russell 2000 Growth ETF	iShares Russell 2000 Growth ETF	Sell - Position Exit	-5,058-100.0%	$0.00	-
Q1 2020Mar 31, 2020	MSM MSC Industrial Direct Company,	MSC Industrial Direct Company,	Sell	-5,696-1.0%	$30.50K	554,849
Q1 2020Mar 31, 2020	TRIP TripAdvisor, Inc.	TripAdvisor, Inc.	Sell	-8,161-1.7%	$8.19K	471,099
Q1 2020Mar 31, 2020	ALGN Align Technology, Inc.	Align Technology, Inc.	Sell	-9,763-1.0%	$163.23K	938,373
Q1 2020Mar 31, 2020	AKAM Akamai Technologies, Inc.	Akamai Technologies, Inc.	Sell	-9,848-0.6%	$146.83K	1,604,918
Q1 2020Mar 31, 2020	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell	-9,966-48.3%	$6.25K	10,648
Q1 2020Mar 31, 2020	DLTH Duluth Holdings Inc.	Duluth Holdings Inc.	Sell	-10,073-2.6%	$1.49K	371,465
Q1 2020Mar 31, 2020	PAYX Paychex, Inc.	Paychex, Inc.	Sell	-10,922-1.8%	$36.61K	581,882
Q1 2020Mar 31, 2020	STRA Strategic Education, Inc.	Strategic Education, Inc.	Sell	-13,956-12.0%	$14.34K	102,573
Q1 2020Mar 31, 2020	ISRG Intuitive Surgical, Inc.	Intuitive Surgical, Inc.	Sell	-14,150-4.3%	$154.49K	311,962
Q1 2020Mar 31, 2020	PRLB Proto Labs, Inc.	Proto Labs, Inc.	Sell	-16,146-1.8%	$68.83K	904,128
Q1 2020Mar 31, 2020	SSYS Stratasys	Stratasys	Sell	-16,440-11.6%	$1.99K	124,928
Q1 2020Mar 31, 2020	LSTR Landstar System, Inc.	Landstar System, Inc.	Sell	-17,035-1.8%	$87.08K	908,409
Q1 2020Mar 31, 2020	PRO PROS Holdings, Inc.	PROS Holdings, Inc.	Sell	-17,675-9.3%	$5.34K	172,195
Q1 2020Mar 31, 2020	SRDX Surmodics, Inc.	Surmodics, Inc.	Sell	-19,559-11.1%	$5.21K	156,480
Q1 2020Mar 31, 2020	MCHP Microchip Technology Incorporat	Microchip Technology Incorporat	Sell	-21,517-2.3%	$62.34K	919,514
Q1 2020Mar 31, 2020	ZUMZ Zumiez Inc.	Zumiez Inc.	Sell	-23,402-10.0%	$3.66K	211,111
Q1 2020Mar 31, 2020	JWN Nordstrom, Inc.	Nordstrom, Inc.	Sell	-25,203-1.3%	$28.95K	1,886,938
Q1 2020Mar 31, 2020	SPSC SPS Commerce, Inc.	SPS Commerce, Inc.	Sell	-30,196-10.7%	$11.66K	250,745
Q1 2020Mar 31, 2020	LLFLQ LL Flooring Holdings, Inc.	LL Flooring Holdings, Inc.	Sell	-34,692-15.7%	$874.00	186,335
Q1 2020Mar 31, 2020	IRBT iRobot Corporation	iRobot Corporation	Sell	-37,796-10.2%	$13.54K	330,967
Q1 2020Mar 31, 2020	UAA Under Armour, Inc.	Under Armour, Inc.	Sell	-40,276-0.9%	$41.00K	4,451,435
Q1 2020Mar 31, 2020	OSPN OneSpan Inc.	OneSpan Inc.	Sell	-43,585-12.6%	$5.47K	301,150
Q1 2020Mar 31, 2020	MIDD The Middleby Corporation	The Middleby Corporation	Sell	-55,763-3.6%	$85.78K	1,508,100
Q1 2020Mar 31, 2020	TJX TJX Companies, Inc. (The)	TJX Companies, Inc. (The)	Sell	-58,717-1.3%	$217.43K	4,547,729
Q1 2020Mar 31, 2020	GEOS Geospace Technologies Corporati	Geospace Technologies Corporati	Sell	-63,077-7.0%	$5.38K	840,517
Q1 2020Mar 31, 2020	CEVA CEVA, Inc.	CEVA, Inc.	Sell	-63,363-11.0%	$12.74K	511,009

Page 49 of 97 • 2909 total trades

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