SEC 13F Intelligence

Managers / Q1 2025 · view latest →

North Growth Management Ltd.

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

Reported Value
$474M
Q1 2025
Positions
47
Filings on Record
30
2019–present window
Filed
Apr 22, 2025
original filing

Summary

North Growth Management Ltd. reported $474M in U.S.-listed holdings across 47 positions for Q1 2025.

Its largest position, JBL, represents 7.1% of the portfolio.

Compared with Q4 2024, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+3.1%
vs prior filed quarter
Top-10 Concentration
+41.7%
share of reported value
Largest Position
+7.1%
Jabil

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: 100.0%
  • Common Stock · 100.0% · $474M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AZOAUTOZONENEW+1.0K1.0K+$4M$4M
ATKRATKOREADDED+35.0K72.0K+$1M$4M
BIIBBIOGENADDED+16.0K34.0K+$2M$5M
NKENIKE CL BADDED+33.0K86.0K+$1M$5M
WSTWEST PHARMACEUTICAL SERVICESADDED+7.0K25.0K−$471,000$5M
TPRTAPESTRYTRIMMED−84.0K146.0K−$5M$10M
ANFABERCROMBIE & FITCHADDED+26.0K106.0K−$4M$8M
ODFLOLD DOMINION FREIGHT LINEADDED+5.0K31.0K+$535,000$5M

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

Holdings — Q1 2025

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1JBLJABILhistory →COM7.06%$33M246.0K
2CIENCIENAhistory →COM5.48%$26M429.0K
3MSIMOTOROLA SOLUTIONShistory →COM4.65%$22M50.0K
4EATBRINKER INTERNATIONALhistory →COM4.52%$21M144.0K
5AMATAPPLIED MATERIALShistory →COM4.45%$21M145.0K
6COHRCOHERENThistory →COM3.41%$16M249.0K
7BKNGBOOKING HOLDINGShistory →COM3.30%$16M3.0K
8SGISOMNIGROUP INTERNATIONALhistory →COM3.19%$15M253.0K
9LITELUMENTUMhistory →COM2.85%$13M216.0K
10HPQHPhistory →COM2.77%$13M473.0K
11QCOMQUALCOMMhistory →COM2.76%$13M85.0K
12JCIJOHNSON CONTROLShistory →COM2.67%$13M158.0K
13ELVELEVANCE HEALTHhistory →COM2.55%$12M28.0K
14INMDINMODEhistory →COM2.47%$12M659.0K
15ITGRINTEGER HOLDINGShistory →COM2.43%$12M98.0K
16GPNGLOBAL PAYMENTShistory →COM2.40%$11M116.0K
17JJACOBS SOLUTIONShistory →COM2.34%$11M92.0K
18WBDWARNER BROS DISCOVERY INChistory →COM2.33%$11M1.03M
19NVDANVIDIAhistory →COM2.27%$11M99.0K
20EAELECTRONIC ARTS INChistory →COM2.20%$10M72.0K
21TXNTEXAS INSTRUMENTShistory →COM2.19%$10M58.0K
22TPRTAPESTRYhistory →COM2.17%$10M146.0K
23NVRNVRhistory →COM2.16%$10M1.0K
24CROXCROCShistory →COM1.92%$9M85.0K
25ULTAULTA BEAUTYhistory →COM1.78%$8M23.0K
26AAPLAPPLEhistory →COM1.74%$8M37.0K
27FDXFEDEX CORPhistory →COM1.73%$8M34.0K
28WTSWATTS WATERhistory →COM1.73%$8M40.0K
29ANFABERCROMBIE & FITCHhistory →COM1.70%$8M106.0K
30MSFTMICROSOFThistory →COM1.63%$8M21.0K
31TMOTHERMO FISHER SCIENTIFIChistory →COM1.48%$7M14.0K
32FBINFORTUNE BRANDShistory →COM1.46%$7M113.0K
33CHARLES RIVER LABORATORIESCOM1.24%$6M39.0K
34ARHSARHAUShistory →COM1.16%$6M634.0K
35WSTWEST PHARMACEUTICAL SERVICEShistory →COM1.16%$5M25.0K
36NKENIKE CL Bhistory →COM1.15%$5M86.0K
37URIUNITED RENTALShistory →COM1.13%$5M9.0K
38ALGNALIGN TECHNOLOGYhistory →COM1.09%$5M33.0K
39ODFLOLD DOMINION FREIGHT LINEhistory →COM1.08%$5M31.0K
40BIIBBIOGENCOM0.98%$5M34.0K
41ATKRATKORECOM0.91%$4M72.0K
42AZOAUTOZONECOM0.77%$4M1.0K
43MBCMASTERBRANDCOM0.49%$2M177.0K
44FSLRFIRST SOLAR INCCOM0.40%$2M15.0K
45AMTMAMENTUM HOLDINGSCOM0.35%$2M92.0K
46ZYMEZYMEWORKS INCCOM0.24%$1M97.0K
47LULULULULEMON ATHLETICACOM0.04%$204,0001.0K

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 ↗.