SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Global Alpha Capital Management Ltd.

CIK 0001584691 · 1800 MCGILL COLLEGE AVENUE, SUITE 1300, MONTREAL, A8, H3A 3J6 · 514-490-2779

Reported Value
$1.1B
Q2 2023
Positions
33
Filings on Record
30
2019–present window
Filed
Aug 10, 2023
original filing

Summary

Global Alpha Capital Management Ltd. reported $1.1B in U.S.-listed holdings across 33 positions for Q2 2023.

Its largest position, HNM, represents 15.0% of the portfolio.

Compared with Q1 2023, the fund opened 1 new position and exited 2.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $387MQ4 ’18Q1 ’19: $524MQ2 ’19: $575MQ3 ’19: $578MQ4 ’19: $674MQ4 ’19Q1 ’20: $554MQ2 ’20: $630MQ3 ’20: $651MQ4 ’20: $816MQ4 ’20Q1 ’21: $855MQ2 ’21: $922MQ3 ’21: $900MQ4 ’21: $1.0BQ4 ’21Q1 ’22: $1.2BQ2 ’22: $927MQ3 ’22: $1.0BQ4 ’22: $1.0BQ4 ’22Q1 ’23: $1.1BQ2 ’23: $1.1BQ3 ’23: $996MQ4 ’23: $1.2BQ4 ’23Q1 ’24: $1.3BQ2 ’24: $1.4BQ3 ’24: $1.5BQ4 ’24: $1.4BQ4 ’24Q1 ’25: $1.4BQ2 ’25: $1.6BQ3 ’25: $1.7BQ4 ’25: $1.6BQ4 ’25Q1 ’26: $1.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 92.8%REIT: 5.7%Other: 1.5%
  • Common Stock · 92.8% · $991M
  • REIT · 5.7% · $60M
  • Other · 1.5% · $16M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DGIIDIGI INTL INCNEW+280.4K280.4K+$11M$11M
GMEDGLOBUS MED INCADDED+270.4K519.8K+$17M$31M
AUDIOCODES LTDSOLD OUT−2.16M0−$32M$0
MPAAMOTORCAR PTS AMER INCSOLD OUT−2.25M0−$17M$0
IBPINSTALLED BLDG PRODS INCTRIMMED−64.4K128.1K−$4M$18M
LNNLINDSAY CORPTRIMMED−42.7K105.3K−$10M$13M
EXPEAGLE MATLS INCTRIMMED−53.7K231.6K+$1M$43M
CWCURTISS WRIGHT CORPADDED+28.6K196.1K+$6M$36M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2023

33 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HNMORMAT TECHNOLOGIES INCCOM14.99%$160M1.99M
2RDNTRADNET INCCOM4.68%$50M1.53M
3LMNRLIMONEIRA COCOM4.25%$45M2.91M
4EXPEAGLE MATLS INCCOM4.04%$43M231.6K
5ATNIATN INTL INCCOM3.96%$42M1.16M
6FPIFARMLAND PARTNERS INCCOM3.94%$42M3.45M
7TSAACI WORLDWIDE INCCOM3.80%$41M1.75M
8VTYVERINT SYS INCCOM3.66%$39M1.11M
9CWCURTISS WRIGHT CORPCOM3.37%$36M196.1K
10CLNECLEAN ENERGY FUELS CORPCOM3.25%$35M6.99M
11UMBFUMB FINL CORPCOM3.20%$34M561.5K
12SANMSANMINA CORPORATIONCOM3.00%$32M531.9K
13WF2WINTRUST FINL CORPCOM2.97%$32M436.4K
14PRAAPRA GROUP INCCOM2.96%$32M1.38M
15GMEDGLOBUS MED INCCL A2.90%$31M519.8K
16CHS1USDCHICOS FAS INCCOM2.83%$30M5.65M
17FSSFEDERAL SIGNAL CORPCOM2.74%$29M456.6K
18RLIRLI CORPCOM2.70%$29M211.3K
19BCBRUNSWICK CORPCOM2.58%$27M317.4K
20ENVUSDENVESTNET INCCOM2.57%$27M461.8K
213TYTITAN MACHY INCCOM2.45%$26M887.2K
22BSFAANI PHARMACEUTICALS INCCOM2.29%$24M453.3K
23OMCLOMNICELL COMCOM2.26%$24M328.0K
24OSISKO GOLD ROYALTIES LTDCOM1.75%$19M1.22M
25RYNRAYONIER INCCOM1.71%$18M582.5K
26IBPINSTALLED BLDG PRODS INCCOM1.68%$18M128.1K
27RUSHARUSH ENTERPRISES INCCL A1.56%$17M273.4K
28QA4AGENTHERM INCCOM1.55%$16M292.0K
29CAESARSTONE LTDORD SHS1.50%$16M3.05M
30DNOWNOW INCCOM1.42%$15M1.46M
31HPHELMERICH & PAYNE INCCOM1.23%$13M369.1K
32LNNLINDSAY CORPCOM1.18%$13M105.3K
33DGIIDIGI INTL INCCOM1.03%$11M280.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.7B54May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.6B56Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.7B56Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.6B56Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.4B58May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.4B56Feb 7, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.5B57Nov 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.4B57Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.3B55May 8, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.2B54Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$996M36Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.1B33Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.1B34May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.0B34Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.0B35Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$927M35Aug 5, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.2B35May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.0B34Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$900M35Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$922M34Aug 2, 202113F-HRchanges · EDGAR ↗
Q1 2021$855M34Apr 30, 202113F-HRchanges · EDGAR ↗
Q4 2020$816M35Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$651M36Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$630M34Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$554M40May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$674M37Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$578M37Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$575M38Aug 7, 201913F-HRchanges · EDGAR ↗
Q1 2019$524M37May 8, 201913F-HRchanges · EDGAR ↗
Q4 2018$387M34Feb 11, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.