North Growth Management Ltd.
Long book
$653.3M
Q1 2026
Positions
47
Top-10 weight
47%
concentration
Last quarter
+18.4%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsNorth Growth Management Ltd. is a diversified fundamental manager, running a $653.3M US long book across 47 positions.
The portfolio is moderately concentrated (top 10 ≈ 47% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: CIENA CORP, JABIL INC, APPLIED MATERIALS INC, LUMENTUM HOLDINGS INC, COHERENT CORP.
Over the last 9 quarters its long book ran on average 3.9pp per quarter ahead of the S&P 500, beating the index in 6 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
-0.2%
Q2 2024
+5.7%
Q3 2024
+4.4%
Q4 2024
-10.4%
Q1 2025
+15.9%
Q2 2025
+13.7%
Q3 2025
+17.1%
Q4 2025
+10.9%
Q1 2026
+18.4%
Sector allocation
Technology 45%
Other 15%
Industrials 13%
Healthcare 10%
Consumer discretionary 9%
Services media 4%
Communications 2%
Financials 1%
Long book by quarter
What does North Growth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CIEN CIENA CORP | Technology | 157.0K | $61.0M | 9.3% | -36.4% |
| JBL JABIL INC | Technology | 177.0K | $47.0M | 7.2% | -13.2% |
| AMAT APPLIED MATERIALS INC | Technology | 111.0K | $38.1M | 5.8% | -16.5% |
| LITE LUMENTUM HOLDINGS INC | Technology | 53.0K | $37.6M | 5.8% | -44.2% |
| COHR COHERENT CORP | Other | 114.0K | $27.1M | 4.1% | -21.4% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 52.0K | $22.6M | 3.5% | +8.3% |
| EAT BRINKER INTERNATIONAL INC | Consumer discretionary | 142.0K | $20.3M | 3.1% | +1.4% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 151.0K | $19.8M | 3.0% | -1.3% |
| TPR TAPESTRY INC | Other | 138.0K | $19.4M | 3.0% | -6.1% |
| NVDA NVIDIA CORP | Technology | 93.0K | $16.2M | 2.5% | +12.0% |
| HPQ HP INC | Technology | 829.0K | $15.9M | 2.4% | +74.2% |
| WST WEST PHARMACEUTICAL SERVICES | Healthcare | 62.0K | $15.6M | 2.4% | +59.0% |
| BKNG BOOKING HOLDINGS INC | Industrials | 4.0K | $15.4M | 2.4% | +33.3% |
| SGI SOMNIGROUP INTERNATIONAL INC | Other | 202.0K | $15.0M | 2.3% | -5.2% |
| TXN TEXAS INSTRUMENTS INC | Technology | 74.0K | $14.4M | 2.2% | +1.4% |
| WBD WARNER BROS DISCOVERY INC | Communications | 513.0K | $14.1M | 2.2% | +2.0% |
| ITGR INTEGER HOLDINGS CORP | Healthcare | 159.0K | $14.0M | 2.1% | +23.3% |
| WTS WATTS WATER TECHNOLOGIES-A | Industrials | 47.0K | $13.5M | 2.1% | +17.5% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 27.0K | $13.1M | 2.0% | +17.4% |
| IQV IQVIA HOLDINGS INC | Healthcare | 76.0K | $12.9M | 2.0% | +49.0% |
| GPN GLOBAL PAYMENTS INC | Services media | 178.0K | $12.0M | 1.8% | +16.3% |
| ANF ABERCROMBIE & FITCH CO-CL A | Consumer discretionary | 122.0K | $11.2M | 1.7% | +1.7% |
| AZO AUTOZONE INC | Consumer discretionary | 3.0K | $11.2M | 1.7% | Held |
| ULTA ULTA BEAUTY INC | Consumer discretionary | 21.0K | $11.0M | 1.7% | -8.7% |
| NVR NVR INC | Industrials | 2.0K | $10.5M | 1.6% | +100.0% |
| AAPL APPLE INC | Technology | 41.0K | $10.4M | 1.6% | +20.6% |
| J JACOBS SOLUTIONS INC | Industrials | 81.0K | $10.3M | 1.6% | -14.7% |
| CROX CROCS INC | Other | 123.0K | $10.2M | 1.6% | +19.4% |
| URI UNITED RENTALS INC | Services media | 14.0K | $10.0M | 1.5% | +27.3% |
| ADBE ADOBE INC | Technology | 38.0K | $9.3M | 1.4% | New |
| INMD INMODE LTD | Healthcare | 676.0K | $9.2M | 1.4% | +2.1% |
| ALGN ALIGN TECHNOLOGY INC | Healthcare | 46.0K | $7.9M | 1.2% | +2.2% |
| ELV ELEVANCE HEALTH INC | Financials | 26.0K | $7.6M | 1.2% | +18.2% |
| EA ELECTRONIC ARTS INC | Technology | 35.0K | $7.2M | 1.1% | -52.1% |
| MSFT MICROSOFT CORP | Technology | 19.0K | $7.2M | 1.1% | Held |
| NKE NIKE INC -CL B | Other | 134.0K | $7.1M | 1.1% | +15.5% |
| FDX FEDEX CORP | Industrials | 19.0K | $6.7M | 1.0% | -34.5% |
| ODFL OLD DOMINION FREIGHT LINE | Industrials | 34.0K | $6.6M | 1.0% | +9.7% |
| BIIB BIOGEN INC | Healthcare | 35.0K | $6.4M | 1.0% | +2.9% |
| QCOM QUALCOMM INC | Technology | 45.0K | $5.8M | 0.9% | -21.1% |
| ARHS ARHAUS INC | Consumer discretionary | 810.0K | $5.5M | 0.8% | +15.4% |
| FBIN FORTUNE BRANDS INNOVATIONS I | Other | 122.0K | $4.8M | 0.7% | +7.0% |
| AMTM AMENTUM HOLDINGS INC | Services media | 172.0K | $4.5M | 0.7% | +75.5% |
| MBC MASTERBRAND INC | Other | 430.0K | $3.6M | 0.5% | +97.2% |
| FSLR FIRST SOLAR INC | Technology | 15.0K | $3.0M | 0.5% | Held |
| ZYME ZYMEWORKS INC | Healthcare | 46.0K | $1.1M | 0.2% | +2.2% |
| LULU LULULEMON ATHLETICA INC | Other | 1.0K | $204K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 24, 2026 | 47 | $653.3M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 47 | $639.3M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 47 | $574.3M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 47 | $532.9M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 22, 2025 | 47 | $473.7M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 28, 2025 | 46 | $527.1M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 5, 2024 | 48 | $537.1M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 25, 2024 | 46 | $506.2M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 30, 2024 | 47 | $523.8M | $K fixed canonical | SEC ↗ |
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