0001112325-24-000003.txt : 20240124 0001112325-24-000003.hdr.sgml : 20240124 20240124150226 ACCESSION NUMBER: 0001112325-24-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 EFFECTIVENESS DATE: 20240124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERBRIDGE PARTNERS LLC CENTRAL INDEX KEY: 0001112325 ORGANIZATION NAME: IRS NUMBER: 411930193 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05655 FILM NUMBER: 24556105 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET, SUITE 1500 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 55402 MAIL ADDRESS: STREET 1: 80 SOUTH 8TH STREET, SUITE 1500 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001112325 XXXXXXXX 12-31-2023 12-31-2023 RIVERBRIDGE PARTNERS LLC

80 SOUTH 8TH STREET, SUITE 1500 MINNEAPOLIS MN 55402

13F HOLDINGS REPORT 028-05655 N Lois Beckmen 612-904-6201 Lois Beckmen Minneapolis MN 01-24-2024 0 202 7525678962 false INFORMATION TABLE 2 inftable.xml 3M Company COM 88579Y101 255481 2337 SH SOLE 2337 0 0 Abbott Laboratories COM 002824100 1737785 15788 SH SOLE 15788 0 0 AbbVie, Inc. COM 00287Y109 319393 2061 SH SOLE 2061 0 0 Accenture Plc COM G1151C101 1752795 4995 SH SOLE 4995 0 0 ACV Auctions, Inc. COM 00091G104 52326115 3453869 SH SOLE 2332640 0 1121229 Alarm.com Holdings, Inc. COM 011642105 99999762 1547505 SH SOLE 1058930 0 488575 Align Technology, Inc. COM 016255101 70752684 258221 SH SOLE 176465 0 81757 Allianz SE Unsponsored ADR COM 018820100 306588 11487 SH SOLE 11487 0 0 Alphabet, Inc. Class A COM 02079K305 55535735 397564 SH SOLE 319997 0 77567 Alphabet, Inc. Class C COM 02079K107 40819473 289644 SH SOLE 283383 0 6261 Amazon.com, Inc. COM 023135106 115977528 763311 SH SOLE 688860 0 74451 Ambev SA Sponsored ADR COM 02319V103 69490 24818 SH SOLE 24818 0 0 AMCOR PLC ORD COM G0250X107 147492 15300 SH SOLE 15300 0 0 American Express Company COM 025816109 503945 2690 SH SOLE 2690 0 0 Ameriprise Financial, Inc. COM 03076C106 212144 559 SH SOLE 559 0 0 AMN Healthcare Services, Inc. COM 001744101 44272160 591241 SH SOLE 396010 0 195231 Analog Devices, Inc. COM 032654105 92811751 467424 SH SOLE 425896 0 41528 Ansys, Inc. COM 03662Q105 156960391 432541 SH SOLE 295330 0 137211 Apple Inc. COM 037833100 15621499 81138 SH SOLE 43981 0 37157 ASSOCIATED BANC CORP COM COM 045487105 651689 30467 SH SOLE 30467 0 0 Automatic Data Process Com COM 053015103 226913 974 SH SOLE 641 0 333 Banco Bilbao Vizcaya Argentari COM 05946K101 150880 16562 SH SOLE 16562 0 0 Berkshire Hathaway Inc. Class COM 084670702 973682 2730 SH SOLE 2255 0 475 Bio-Techne Corporation COM 09073M104 54537966 706817 SH SOLE 337385 0 369432 BlackLine, Inc. COM 09239B109 118339464 1895251 SH SOLE 1398689 0 496562 CCC Intelligent Solutions Hold COM 12510Q100 77864767 6836239 SH SOLE 4668219 0 2168020 Certara, Inc. COM 15687V109 44704513 2541473 SH SOLE 1620973 0 920500 Charles River Laboratories Int COM 159864107 61604673 260595 SH SOLE 162672 0 97923 Chemed Corporation COM 16359R103 56763777 97074 SH SOLE 74941 0 22133 Chugai Pharmaceutical Co., Ltd COM 171269103 248820 13200 SH SOLE 13200 0 0 Cisco Systems, Inc. COM 17275R102 1526058 30207 SH SOLE 30207 0 0 Coca-Cola Company COM 191216100 440914 7482 SH SOLE 7482 0 0 Cognex Corporation COM 192422103 65372068 1566173 SH SOLE 1033845 0 532328 CoStar Group, Inc. COM 22160N109 197770430 2263078 SH SOLE 1654382 0 608696 Costco Wholesale Corporation COM 22160K105 455455 690 SH SOLE 690 0 0 Danaher Corporation COM 235851102 70003271 302599 SH SOLE 273611 0 28988 Dassault Systemes SA Sponsored COM 237545108 219806 4484 SH SOLE 4484 0 0 DBS Group Hldgs Ltd Sponsored COM 23304Y100 270465 2671 SH SOLE 2671 0 0 Definitive Healthcare Corporat COM 24477E103 17287665 1739202 SH SOLE 1347375 0 391827 Descartes Systems Group, Inc. COM 249906108 59319809 705684 SH SOLE 543360 0 162324 Dollar General Corporation COM 256677105 2196272 16155 SH SOLE 16155 0 0 DoubleVerify Holdings, Inc. COM 25862V105 85328682 2319975 SH SOLE 1511068 0 808907 Ecolab, Inc. COM 278865100 26295888 132573 SH SOLE 119058 0 13515 Ensign Group, Inc. COM 29358P101 145176646 1293794 SH SOLE 922090 0 371704 Entegris, Inc. COM 29362U104 33276288 277719 SH SOLE 132596 0 145123 Equifax, Inc. COM 294429105 4725465 19109 SH SOLE 19109 0 0 Exponent, Inc. COM 30214u102 82636699 938627 SH SOLE 623003 0 315624 Fastenal Company COM 311900104 173585354 2680027 SH SOLE 1924013 0 756014 Fiserv, Inc. COM 337738108 409147 3080 SH SOLE 3080 0 0 Five Below, Inc. COM 33829M101 277870026 1303575 SH SOLE 944123 0 359452 Five9, Inc. COM 338307101 56475668 717698 SH SOLE 483359 0 234339 Floor & Decor Holdings, Inc. COM 339750101 167663849 1502903 SH SOLE 1085842 0 417061 Fomento Economico Mexicano SAB COM 344419106 246622 1892 SH SOLE 1892 0 0 Freshpet, Inc. COM 358039105 89033879 1026209 SH SOLE 719160 0 307049 Gentex Corporation COM 371901109 321080 9831 SH SOLE 9831 0 0 Glaukos Corporation COM 377322102 43010300 541078 SH SOLE 417185 0 123893 Globant S.A. COM L44385109 309010197 1298471 SH SOLE 948320 0 350151 GoDaddy, Inc. COM 380237107 45556490 429130 SH SOLE 214863 0 214267 Goosehead Insurance, Inc. COM 38267D109 28488852 375842 SH SOLE 290540 0 85302 Grand Canyon Education, Inc. COM 38526M106 227279765 1721295 SH SOLE 1237772 0 483523 Grid Dynamics Holdings, Inc. COM 39813G109 43058385 3230186 SH SOLE 2063137 0 1167049 Guidewire Software, Inc. COM 40171V100 109949587 1008342 SH SOLE 691385 0 316957 Haier Smart Home Co., Ltd. Uns COM 40523H106 213613 18944 SH SOLE 18944 0 0 Haleon PLC Sponsored ADR COM 405552100 149185 18127 SH SOLE 18127 0 0 HEICO Corporation COM 422806109 185783923 1038653 SH SOLE 731506 0 307147 Honeywell International Inc. COM 438516106 419420 2000 SH SOLE 2000 0 0 IDEXX Laboratories, Inc. COM 45168D104 64588527 116365 SH SOLE 104234 0 12131 Infineon Technologies AG Spons COM 45662N103 307095 7338 SH SOLE 7338 0 0 International Money Express, I COM 46005L101 21237547 961410 SH SOLE 742472 0 218938 Ishares Core S&P 500 Etf COM 464287200 6666233 13957 SH SOLE 11224 0 2733 iShares Core S&P U.S. Growth E COM 464287671 2953330 28370 SH SOLE 1391 0 26979 Ishares Tr Russell 1000 COM 464287622 578021 2204 SH SOLE 2204 0 0 Ishares Tr Russell 2000 COM 464287655 18801911 93677 SH SOLE 92165 0 1512 Ishares Tr Russell 2000 Growth COM 464287648 2750217 10904 SH SOLE 11 0 10893 Jack Henry & Associates, Inc. COM 426281101 24422853 149458 SH SOLE 79817 0 69640 Johnson & Johnson COM 478160104 2304548 14703 SH SOLE 14703 0 0 JPMorgan Chase & Co. COM 46625H100 1098336 6457 SH SOLE 6286 0 171 Kadant, Inc. COM 48282T104 62422256 222690 SH SOLE 171828 0 50862 Kinsale Capital Group, Inc. COM 49714P108 77479801 231345 SH SOLE 158530 0 72815 Kornit Digital Ltd. COM m6372q113 31903034 1665085 SH SOLE 1134959 0 530126 L'Oreal SA Unsponsored ADR COM 502117203 243256 2447 SH SOLE 2447 0 0 Linde Plc COM g54950103 5989795 14584 SH SOLE 14575 0 9 Lululemon Athletica Inc COM 550021109 255645 500 SH SOLE 500 0 0 Marathon Petroleum Corporation COM 56585A102 210671 1420 SH SOLE 0 0 1420 McDonald's Corporation COM 580135101 673078 2270 SH SOLE 2270 0 0 Medpace Holdings, Inc. COM 58506Q109 199975413 652384 SH SOLE 488289 0 164095 Medtronic plc COM G5960L103 340147 4129 SH SOLE 115 0 4014 Meta Platforms Inc. Class A COM 30303M102 252727 714 SH SOLE 614 0 100 Microsoft Corporation COM 594918104 235308217 625753 SH SOLE 566795 0 58959 Model N, Inc. COM 607525102 33696143 1251249 SH SOLE 971740 0 279509 Motorola Solutions, Inc. COM 620076307 28717531 91723 SH SOLE 82943 0 8780 Neogen Corporation COM 640491106 39423441 1960390 SH SOLE 1235257 0 725133 Netflix Inc. COM 64110L106 31611678 64927 SH SOLE 57627 0 7300 NVIDIA Corporation COM 67066G104 135568474 273754 SH SOLE 242383 0 31371 Option Care Health, Inc. COM 68404L201 60372894 1792012 SH SOLE 1198987 0 593025 Oracle Corporation COM 68389X105 513550 4871 SH SOLE 4871 0 0 OrthoPediatrics Corporation COM 68752l100 16219460 498907 SH SOLE 385543 0 113364 Paychex, Inc. COM 704326107 2217590 18618 SH SOLE 18618 0 0 Paycom Software, Inc. COM 70432V102 87061888 421159 SH SOLE 293854 0 127305 Paycor HCM, Inc. COM 70435P102 40716565 1885899 SH SOLE 1454576 0 431323 Paylocity Holding Corporation COM 70438V106 133927683 812421 SH SOLE 561070 0 251351 Pennant Group, Inc. COM 70805E109 17293537 1242352 SH SOLE 957260 0 285092 PepsiCo, Inc. COM 713448108 3332770 19623 SH SOLE 19623 0 0 PETVIVO HLDGS INC COM NEW COM 716817408 15231 14369 SH SOLE 14369 0 0 Phreesia, Inc. COM 71944F106 19293568 833415 SH SOLE 644879 0 188536 Power Integrations, Inc. COM 739276103 52734454 642242 SH SOLE 494739 0 147503 Powerschool Holdings, Inc. COM 73939C106 36583343 1552773 SH SOLE 1197005 0 355768 Privia Health Group, Inc. COM 74276R102 100005119 4342385 SH SOLE 3264610 0 1077775 Procter & Gamble Company COM 742718109 2908379 19847 SH SOLE 19314 0 533 Progyny, Inc. COM 74340E103 68001242 1828974 SH SOLE 1177159 0 651815 RB Global, Inc. COM 74935Q107 225391776 3369589 SH SOLE 2524044 0 845544 Repligen Corporation COM 759916109 73598102 409333 SH SOLE 265628 0 143705 Roche Holding Ltd. ADR COM 771195104 1500176 41407 SH SOLE 41407 0 0 Rockwell Automation Com COM 773903109 2480114 7988 SH SOLE 7988 0 0 Rollins, Inc. COM 775711104 124884932 2859742 SH SOLE 2108666 0 751076 S&P Global, Inc. COM 78409V104 85907295 195013 SH SOLE 176656 0 18357 Salesforce, Inc. COM 79466L302 88927950 337949 SH SOLE 303243 0 34706 SAP SE Sponsored ADR COM 803054204 208233 1347 SH SOLE 1347 0 0 ServiceNow, Inc. COM 81762P102 84942937 120232 SH SOLE 108920 0 11312 Snap-on, Inc. COM 833034101 2858072 9895 SH SOLE 9895 0 0 SPS Commerce, Inc. COM 78463M107 154330993 796177 SH SOLE 554854 0 241323 Squarespace, Inc. COM 85225A107 69226643 2097142 SH SOLE 1376174 0 720968 Starbucks Corporation COM 855244109 55061486 573497 SH SOLE 521776 0 51721 Stevanato Group SpA COM T9224W109 34789435 1274805 SH SOLE 985798 0 289007 Stryker Corp Com COM 863667101 560889 1873 SH SOLE 1873 0 0 Taiwan Semiconductor Manufactu COM 874039100 284544 2736 SH SOLE 2736 0 0 Target Corporation COM 87612E106 232572 1633 SH SOLE 1633 0 0 Tesla Inc. COM 88160R101 1627792 6551 SH SOLE 4951 0 1600 TJX Companies, Inc. COM 872540109 3748929 39963 SH SOLE 39963 0 0 Toast, Inc. COM 888787108 22936358 1256098 SH SOLE 602049 0 654049 Trade Desk, Inc. COM 88339J105 31746322 441166 SH SOLE 402876 0 38290 Tyler Technologies, Inc. COM 902252105 157941256 377741 SH SOLE 268894 0 108847 U.S. Bancorp COM 902973304 326937 7554 SH SOLE 7554 0 0 U.S. Physical Therapy, Inc. COM 90337L108 35640378 382654 SH SOLE 298502 0 84152 Unicharm Corporation Sponsored COM 90460m204 89048 12325 SH SOLE 12325 0 0 UnitedHealth Group, Inc. COM 91324P102 86211536 163754 SH SOLE 148967 0 14787 Vanguard Etf Small Cap Growth COM 922908595 587750 2431 SH SOLE 0 0 2431 VANGUARD INDEX FDS EXTEND MKT COM 922908652 7989326 48591 SH SOLE 0 0 48591 Vanguard Index Fds Stk Mrk Etf COM 922908769 461028 1943 SH SOLE 1624 0 319 Veeva Systems, Inc. COM 922475108 80225722 416714 SH SOLE 378569 0 38145 Veralto Corporation COM 92338C103 7632790 92789 SH SOLE 82960 0 9829 Verisk Analytics, Inc. COM 92345Y106 91781441 384248 SH SOLE 299980 0 84268 Visa, Inc. COM 92826C839 50847958 195306 SH SOLE 175226 0 20081 Walmart, Inc. COM 931142103 2084764 13224 SH SOLE 13224 0 0 Walt Disney Company COM 254687106 318274 3525 SH SOLE 3525 0 0 Waste Mgmt COM 94106L109 447750 2500 SH SOLE 2500 0 0 Watsco, Inc. COM 942622200 51179634 119447 SH SOLE 63670 0 55777 Wells Fargo & Company COM 949746101 300242 6100 SH SOLE 1100 0 5000 West Pharmaceutical Services, COM 955306105 165230666 469245 SH SOLE 333785 0 135460 WillScot Mobile Mini Holdings COM 971378104 56684524 1273810 SH SOLE 982355 0 291455 Workday, Inc. Class A COM 98138H101 1691144 6126 SH SOLE 6126 0 0 Workiva, Inc. COM 98139A105 189743552 1868842 SH SOLE 1351438 0 517404 ZoomInfo Technologies, Inc. COM 98980f104 23556656 1274021 SH SOLE 901571 0 372450 Zscaler, Inc. COM 98980G102 929666 4196 SH SOLE 4196 0 0 Charles Schwab Balanced Pool COM 808516306 211169 2800 SH SOLE 0 0 2800 Fidelity 500 Index Fund Inst COM 315911750 1211674 7322 SH SOLE 1970 0 5351 Fidelity Contra Fund COM 316071109 256181 15922 SH SOLE 0 0 15922 JPMORGAN TR II LRG CAP GROWTH COM 4812C0530 629901 10474 SH SOLE 10474 0 0 Riverbridge Growth Fund - Inst COM 46141P404 21226977 706624 SH SOLE 705403 0 1221 Third Ave Tr Real Estate Fd COM 884116401 249531 11504 SH SOLE 11504 0 0 Vanguard Explorer Fund Admiral COM 921926200 367972 3565 SH SOLE 3565 0 0 Vanguard Index Tr 500 Index Ad COM 922908710 6701008 15230 SH SOLE 9602 0 5628 Ares Capital Corporation BDC 04010L103 935341 46697 SH SOLE 46697 0 0 Golub Capital BDC, Inc. BDC 38173M102 545865 36150 SH SOLE 36150 0 0 Runway Growth Finance Corp. BDC 78163D100 701735 55605 SH SOLE 55605 0 0 Sixth Street Specialty Lending BDC 83012A109 1441843 66752 SH SOLE 66752 0 0 Blackrock Credit Allocation CEF 092508100 526485 51016 SH SOLE 51016 0 0 Blackrock Income Trust CEF 09247F209 598927 49173 SH SOLE 49173 0 0 Blackrock Taxable Municipal Bo CEF 09248X100 296647 18244 SH SOLE 18244 0 0 Blackstone Strategic Credit Fu CEF 09257R101 1011261 89334 SH SOLE 89334 0 0 Brookfield Real Assets Income CEF 112830104 1003945 78372 SH SOLE 78372 0 0 Carlyle Credit Income Fund A o CEF 92535C104 561342 70609 SH SOLE 70609 0 0 Eaton Vance Limited Duration I CEF 27828H105 167257 17459 SH SOLE 17459 0 0 FS Credit Opportunities Corp CEF 30290Y101 750583 132378 SH SOLE 132378 0 0 John Hancock Income Securities CEF 410123103 247422 22741 SH SOLE 22741 0 0 Nuveen Credit Strategies Incom CEF 67073D102 982200 188161 SH SOLE 188161 0 0 Nuveen Floating Rate Income Fu CEF 67072T108 607770 73938 SH SOLE 73938 0 0 Nuveen Taxable Municipal Incom CEF 67074C103 315042 19952 SH SOLE 19952 0 0 PGIM High Yield Bond Fund Inc. CEF 69346H100 706663 57359 SH SOLE 57359 0 0 PIMCO Dynamic Income Opportuni CEF 69355M107 612024 50002 SH SOLE 50002 0 0 Pioneer Floating Rate Trust CEF 72369J102 912663 99527 SH SOLE 99527 0 0 Principal Real Estate Income F CEF 74255X104 1449866 153425 SH SOLE 153425 0 0 TCW Strategic Income Fund CEF 872340104 634627 138263 SH SOLE 138263 0 0 Western Asset Mortgage Defined CEF 95790B109 1430006 128022 SH SOLE 128022 0 0 BlackRock Muni Intermediate Du NCEF 09253X102 927859 79713 SH SOLE 79713 0 0 BlackRock MuniHoldings Fund In NCEF 09253N104 603396 50663 SH SOLE 50663 0 0 BlackRock MuniVest Fund, Inc. NCEF 09253R105 345690 48552 SH SOLE 48552 0 0 BNY Mellon Strategic Municipal NCEF 09662E109 588610 103084 SH SOLE 103084 0 0 DWS Municipal Income Trust NCEF 233368109 766158 86182 SH SOLE 86182 0 0 DWS Strategic Municipal Income NCEF 23342Q101 565165 65337 SH SOLE 65337 0 0 Federated Premier Municipal In NCEF 31423P108 512013 46589 SH SOLE 46589 0 0 Invesco Municipal Opportunity NCEF 46132C107 248582 25867 SH SOLE 25867 0 0 Invesco Municipal Trust NCEF 46131J103 553445 58074 SH SOLE 58074 0 0 Invesco Quality Municipal Inco NCEF 46133G107 745070 78346 SH SOLE 78346 0 0 Nuveen AMT-Free Quality Munici NCEF 670657105 1637108 148828 SH SOLE 148828 0 0 Nuveen Municipal Credit Income NCEF 67070X101 267179 22604 SH SOLE 22604 0 0 Nuveen Quality Municipal Incom NCEF 67066V101 1306159 114075 SH SOLE 114075 0 0 Pioneer Municipal High Income NCEF 723762100 1076212 134191 SH SOLE 134191 0 0 Pioneer Municipal High Income NCEF 723763108 1084092 125619 SH SOLE 125619 0 0 RiverNorth Flexible Municipal NCEF 76883Y107 897586 68518 SH SOLE 68518 0 0 RiverNorth Flexible Municipal NCEF 76883H104 527821 34119 SH SOLE 34119 0 0 Western Asset Managed Municipa NCEF 95766M105 331522 32598 SH SOLE 32598 0 0