Global Alpha Capital Management Ltd.

Fundamental diversified ★Signal CIK 1584691
League rank
#580
in Fundamental diversified · #3998 overall
Long book
$1.66B
Q1 2026
Positions
54
Top-10 weight
42%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
10%
of book per quarter

Strategy in plain words

auto-generated from filings

Global Alpha Capital Management Ltd. is a diversified fundamental manager, running a $1.66B US long book across 54 positions.

The portfolio is moderately concentrated (top 10 ≈ 42% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ORMAT TECHNOLOGIES INC, SANMINA CORP, UMB FINANCIAL CORP, GLOBUS MEDICAL INC - A, DIODES INC.

Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-0.8%
Q2 2024
+12.0%
Q3 2024
-2.3%
Q4 2024
-6.9%
Q1 2025
+5.3%
Q2 2025
+10.4%
Q3 2025
+5.4%
Q4 2025
-2.0%
Q1 2026
+11.3%

Sector allocation

Industrials
18%
Financials
17%
Technology
17%
Utilities
16%
Healthcare
8%
Services media
6%
Consumer discretionary
5%
Consumer staples
5%

Long book by quarter

$1.35B
Q1 2024
$1.37B
Q2 2024
$1.54B
Q3 2024
$1.38B
Q4 2024
$1.37B
Q1 2025
$1.60B
Q2 2025
$1.75B
Q3 2025
$1.64B
Q4 2025
$1.66B
Q1 2026

What does Global Alpha own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
ORA ORMAT TECHNOLOGIES INCUtilities1.8M$200.0M12.0%+4.1%
SANM SANMINA CORPTechnology602.6K$78.1M4.7%+6.7%
UMBF UMB FINANCIAL CORPFinancials659.0K$74.3M4.5%+4.2%
GMED GLOBUS MEDICAL INC - AHealthcare694.4K$59.8M3.6%+4.2%
DIOD DIODES INCTechnology837.7K$57.2M3.4%-2.0%
RUSHA RUSH ENTERPRISES INC-CL AConsumer discretionary734.2K$48.5M2.9%-27.5%
GXO GXO LOGISTICS INCIndustrials929.5K$48.2M2.9%+6.1%
AA ALCOA CORPIndustrials689.2K$45.7M2.8%-34.6%
SII SPROTT INCFinancials313.5K$44.7M2.7%-22.5%
BGSI THE BOYD GROUP INCServices media325.6K$41.6M2.5%+1.8%
EXP EAGLE MATERIALS INCIndustrials216.2K$41.0M2.5%+12.2%
GPOR GULFPORT ENERGY CORPEnergy190.5K$40.3M2.4%-0.8%
ATNI ATN INTERNATIONAL INCCommunications1.5M$39.7M2.4%Held
LMNR LIMONEIRA COConsumer staples2.9M$39.3M2.4%0.0%
ACIW ACI WORLDWIDE INCTechnology915.7K$37.6M2.3%+38.2%
RDNT RADNET INCHealthcare658.2K$36.8M2.2%+34.8%
DNOW DNOW INCIndustrials3.0M$35.8M2.2%+8.4%
FSS FEDERAL SIGNAL CORPIndustrials330.1K$35.7M2.1%-24.3%
EVR EVERCORE INC - AFinancials118.9K$35.5M2.1%-0.7%
SAM BOSTON BEER COMPANY INC-AConsumer staples147.5K$34.0M2.0%+19.9%
PRAA PRA GROUP INCFinancials1.9M$33.9M2.0%-1.3%
RLI RLI CORPFinancials588.5K$33.6M2.0%+35.8%
THRM GENTHERM INCIndustrials1.2M$33.1M2.0%+15.6%
WTFC WINTRUST FINANCIAL CORPFinancials234.4K$32.6M2.0%-0.8%
CAE CAE INCTechnology1.2M$31.5M1.9%+67.4%
AWI ARMSTRONG WORLD INDUSTRIESOther174.2K$28.7M1.7%+9.3%
CVLT COMMVAULT SYSTEMS INCTechnology368.5K$28.7M1.7%+161.5%
SCI SERVICE CORP INTERNATIONALServices media347.6K$28.7M1.7%New
REZI RESIDEO TECHNOLOGIES INCConsumer discretionary826.9K$27.9M1.7%+38.8%
ANIP ANI PHARMACEUTICALS INCHealthcare361.2K$27.8M1.7%-38.8%
BC BRUNSWICK CORPIndustrials373.6K$27.2M1.6%+13.7%
CWST CASELLA WASTE SYSTEMS INC-AUtilities325.8K$25.9M1.6%-0.8%
DGII DIGI INTERNATIONAL INCTechnology478.8K$23.1M1.4%-0.9%
KWR QUAKER CHEMICAL CORPORATIONEnergy169.8K$21.1M1.3%+10.3%
GENI GENIUS SPORTS LTDServices media4.4M$18.9M1.1%+13.7%
CLNE CLEAN ENERGY FUELS CORPUtilities7.1M$17.7M1.1%+8.9%
EEFT EURONET WORLDWIDE INCFinancials236.2K$15.7M0.9%-0.8%
ENS ENERSYSTechnology29.2K$5.1M0.3%+4.1%
NXT NEXTPOWER INC-CL ATechnology34.1K$4.1M0.2%-7.9%
BCPC BALCHEM CORPMaterials20.3K$3.4M0.2%Held
VMI VALMONT INDUSTRIESIndustrials8.4K$3.3M0.2%-30.6%
ONT ONTERRIS INCServices media143.0K$3.1M0.2%-0.3%
ZWS ZURN ELKAY WATER SOLUTIONS CIndustrials67.1K$3.0M0.2%-0.3%
AGM FEDERAL AGRIC MTG CORP-CL CFinancials16.8K$2.5M0.2%-0.6%
CVSA COVISTA INCServices media19.5K$2.3M0.1%+10.7%
SEDG SOLAREDGE TECHNOLOGIES INCTechnology43.1K$2.2M0.1%+105.4%
VCEL VERICEL CORPHealthcare50.0K$1.6M0.1%-0.2%
MWA MUELLER WATER PRODUCTS INC-AIndustrials48.6K$1.3M0.1%-47.7%
CERT CERTARA INCTechnology172.2K$982K0.1%-0.3%
BLKB BLACKBAUD INCTechnology14.2K$547K0.0%-0.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 11, 202654$1.66B canonicalSEC ↗
Q4 202513F-HRFeb 11, 202656$1.64B canonicalSEC ↗
Q3 202513F-HRNov 13, 202556$1.75B canonicalSEC ↗
Q2 202513F-HRAug 7, 202556$1.60B canonicalSEC ↗
Q1 202513F-HRMay 12, 202558$1.37B canonicalSEC ↗
Q4 202413F-HRFeb 7, 202556$1.38B canonicalSEC ↗
Q3 202413F-HRNov 8, 202457$1.54B canonicalSEC ↗
Q2 202413F-HRAug 9, 202457$1.37B canonicalSEC ↗
Q1 202413F-HRMay 8, 202455$1.35B canonicalSEC ↗