SEC 13F Intelligence

Managers / Q2 2023 · view latest →

North Growth Management Ltd.

CIK 0001745796 · SUITE 830 - 505 BURRARD ST., BOX 56, VANCOUVER, A1, V7X1M4 · 6046885440

Reported Value
$487M
Q2 2023
Positions
48
Filings on Record
30
2019–present window
Filed
Jul 20, 2023
original filing

Summary

North Growth Management Ltd. reported $487M in U.S.-listed holdings across 48 positions for Q2 2023.

Its largest position, JBL, represents 8.4% of the portfolio.

Compared with Q1 2023, the fund opened 4 new positions and exited 2.

Portfolio Metrics

Turnover
+7.9%
vs prior filed quarter
Top-10 Concentration
+40.7%
share of reported value
Largest Position
+8.4%
Jabil
New / Exited
4 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $374MQ1 ’19Q2 ’19: $404MQ3 ’19: $414MQ4 ’19: $446MQ1 ’20: $356MQ1 ’20Q2 ’20: $417MQ3 ’20: $455MQ4 ’20: $488MQ1 ’21: $564MQ1 ’21Q2 ’21: $615MQ3 ’21: $567MQ4 ’21: $602MQ1 ’22: $541MQ1 ’22Q2 ’22: $431MQ3 ’22: $401MQ4 ’22: $440MQ1 ’23: $469MQ1 ’23Q2 ’23: $487MQ3 ’23: $451MQ4 ’23: $469MQ1 ’24: $524MQ1 ’24Q2 ’24: $506MQ3 ’24: $537MQ4 ’24: $527MQ1 ’25: $474MQ1 ’25Q2 ’25: $533MQ3 ’25: $574MQ4 ’25: $639MQ1 ’26: $653MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 96.5%Other: 3.5%
  • Common Stock · 96.5% · $470M
  • Other · 3.5% · $17M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NVRNVRNEW+1.0K1.0K+$5M$5M
URIUNITED RENTALSNEW+12.0K12.0K+$5M$5M
ULTAULTA BEAUTYNEW+6.0K6.0K+$3M$3M
ARHSARHAUSNEW+126.0K126.0K+$1M$1M
DHIDR HORTONSOLD OUT−154.0K0−$15M$0
HRIHERC HOLDINGSSOLD OUT−43.0K0−$5M$0
MBCMASTERBRANDADDED+88.0K185.0K+$1M$2M
CSIQCANADIAN SOLARADDED+12.0K45.0K+$426,000$2M

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

Holdings — Q2 2023

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1JBLJABILhistory →COM8.42%$41M380.0K
2AMATAPPLIED MATERIALShistory →COM4.98%$24M168.0K
3CIENCIENAhistory →COM4.74%$23M543.0K
4HORIZON THERAPEUTICSCOM3.52%$17M166.0K
5MSIMOTOROLA SOLUTIONShistory →COM3.51%$17M58.0K
6COHRCOHERENThistory →COM3.41%$17M326.0K
7HPQHPhistory →COM3.10%$15M492.0K
8NVDANVIDIAhistory →COM3.04%$15M35.0K
9INMDINMODEhistory →COM3.03%$15M395.0K
10QCOMQUALCOMMhistory →COM2.97%$14M122.0K
11BMYBRISTOL-MYERS SQUIBBhistory →COM2.89%$14M220.0K
12SEDGSOLAREDGEhistory →COM2.86%$14M52.0K
13ELVELEVANCE HEALTHhistory →COM2.63%$13M29.0K
14FDXFEDEX CORPhistory →COM2.45%$12M48.0K
15LITELUMENTUMhistory →COM2.35%$11M202.0K
16JJACOBS SOLUTIONShistory →COM2.32%$11M95.0K
17JCIJOHNSON CONTROLShistory →COM2.30%$11M164.0K
18BBYBEST BUYhistory →COM2.24%$11M133.0K
19GPNGLOBAL PAYMENTShistory →COM2.20%$11M109.0K
20SGITEMPUR SEALY INTERNATIONALhistory →COM2.16%$11M262.0K
21RHRHhistory →COM2.16%$11M32.0K
22ALGNALIGN TECHNOLOGYhistory →COM2.12%$10M29.0K
23TPRTAPESTRYhistory →COM2.10%$10M238.0K
24BKNGBOOKING HOLDINGShistory →COM1.95%$10M4.0K
25TXNTEXAS INSTRUMENTShistory →COM1.86%$9M50.0K
26AAPLAPPLEhistory →COM1.80%$9M45.0K
27MSFTMICROSOFThistory →COM1.75%$9M25.0K
28FBINFORTUNE BRANDShistory →COM1.74%$8M118.0K
29EAELECTRONIC ARTS INChistory →COM1.71%$8M64.0K
30EATBRINKER INTERNATIONALhistory →COM1.64%$8M218.0K
31CROXCROCShistory →COM1.62%$8M70.0K
32WBDWARNER BROS DISCOVERY INChistory →COM1.51%$7M587.0K
33RVTYREVVITYhistory →COM1.46%$7M60.0K
34WTSWATTS WATERhistory →COM1.38%$7M37.0K
35CHARLES RIVER LABORATORIESCOM1.37%$7M32.0K
36ANFABERCROMBIE & FITCHhistory →COM1.21%$6M156.0K
37NVRNVRhistory →COM1.11%$5M1.0K
38URIUNITED RENTALShistory →COM1.07%$5M12.0K
39WOOFOOT LOCKERhistory →COM1.05%$5M188.0K
40ODFLOLD DOMINION FREIGHT LINECOM0.93%$5M12.0K
41WSTWEST PHARMACEUTICAL SERVICESCOM0.77%$4M10.0K
42BIIBBIOGENCOM0.68%$3M12.0K
43ULTAULTA BEAUTYCOM0.58%$3M6.0K
44MBCMASTERBRANDCOM0.44%$2M185.0K
45CSIQCANADIAN SOLARCOM0.36%$2M45.0K
46ARHSARHAUSCOM0.27%$1M126.0K
47ZYMEZYMEWORKS INCCOM0.21%$1M120.0K
48LULULULULEMON ATHLETICACOM0.03%$151,0000

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$653M47Apr 24, 202613F-HRchanges · EDGAR ↗
Q4 2025$639M47Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$574M47Oct 22, 202513F-HRchanges · EDGAR ↗
Q2 2025$533M47Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$474M47Apr 22, 202513F-HRchanges · EDGAR ↗
Q4 2024$527M46Jan 28, 202513F-HRchanges · EDGAR ↗
Q3 2024$537M48Nov 5, 202413F-HRchanges · EDGAR ↗
Q2 2024$506M46Jul 25, 202413F-HRchanges · EDGAR ↗
Q1 2024$524M47Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$469M47Feb 7, 202413F-HRchanges · EDGAR ↗
Q3 2023$451M49Oct 19, 202313F-HRchanges · EDGAR ↗
Q2 2023$487M48Jul 20, 202313F-HRchanges · EDGAR ↗
Q1 2023$469M46May 3, 202313F-HRchanges · EDGAR ↗
Q4 2022$440M45Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$401M46Oct 17, 202213F-HRchanges · EDGAR ↗
Q2 2022$431M47Jul 18, 202213F-HRchanges · EDGAR ↗
Q1 2022$541M51Apr 14, 202213F-HRchanges · EDGAR ↗
Q4 2021$602M49Feb 7, 202213F-HRchanges · EDGAR ↗
Q3 2021$567M50Oct 14, 202113F-HRchanges · EDGAR ↗
Q2 2021$615M50Jul 15, 202113F-HRchanges · EDGAR ↗
Q1 2021$564M50May 7, 202113F-HRchanges · EDGAR ↗
Q4 2020$488M47Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$455M47Nov 4, 202013F-HRchanges · EDGAR ↗
Q2 2020$417M48Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$356M47May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$446M45Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$414M46Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$404M46Aug 8, 201913F-HRchanges · EDGAR ↗
Q1 2019$374M42May 10, 2019RESTATEMENTchanges · 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 ↗.