Ian Simm’s Impax Asset Management has filed its 13F with the SEC, disclosing its public equity holdings as of June 30. The investment firm was founded in 1998 and currently has assets worth $4.8 billion under management. According to the firm’s website, it seeks out “companies that operate in markets where there are long term themes that underpin growth and where those companies are poorly understood and, therefore, inefficiently priced to provide opportunities for a specialist active manager to add value.” Its latest 13F filing indicates an equity portfolio valued at $1.59 billion, with its top ten stocks accounting for 35.88% of the overall portfolio. Impax Asset Management hasan inclination towards industrial stocks, with nearly 57% of its equity portfolio dedicated towards them. Xylem Inc (NYSE:XYL), Pentair plc. Ordinary Share (NYSE:PNR), and Danaher Corporation (NYSE:DHR) are the top industrial stock positions of the investment manager and we’ll study them in this article. Alexander A.Trofimov/Shutterstock.com We don’t just track the latest moves of funds. We are, in fact, more interested in their 13F filings, which we use to determine the top 15 small-cap stocks held by the funds we track. We gather and share this information based on 16 years of research, with backtests for the period between 1999 and 2012 and forward testing for the last 2.5 years. The results of our analysis show that these 15 most popular small-cap picks have a great potential to outperform the market, beating the S&P 500 Total Return Index by nearly one percentage point per month in backtests. Moreover, since the... More