SEC 13F Intelligence

Managers / Q3 2025 · view latest →

North Growth Management Ltd.

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

Reported Value
$574M
Q3 2025
Positions
47
Filings on Record
30
2019–present window
Filed
Oct 22, 2025
original filing

Summary

North Growth Management Ltd. reported $574M in U.S.-listed holdings across 47 positions for Q3 2025.

Its largest position, CIEN, represents 8.2% of the portfolio.

The book was largely unchanged from Q2 2025.

Portfolio Metrics

Turnover
+3.9%
vs prior filed quarter
Top-10 Concentration
+44.9%
share of reported value
Largest Position
+8.2%
Ciena

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% · $574M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AZOAUTOZONEADDED+1.0K2.0K+$5M$10M
TMOTHERMO FISHER SCIENTIFICADDED+6.0K21.0K+$4M$10M
ALGNALIGN TECHNOLOGYADDED+12.0K45.0K−$547,000$6M
IQVIQVIAADDED+11.0K44.0K+$3M$8M
LITELUMENTUMTRIMMED−64.0K152.0K+$4M$25M
URIUNITED RENTALSADDED+2.0K11.0K+$4M$10M
CIENCIENATRIMMED−82.0K325.0K+$14M$47M
COHRCOHERENTTRIMMED−49.0K200.0K−$692,000$22M

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

Holdings — Q3 2025

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CIENCIENAhistory →COM8.24%$47M325.0K
2JBLJABILhistory →COM7.63%$44M202.0K
3AMATAPPLIED MATERIALShistory →COM5.15%$30M144.0K
4LITELUMENTUMhistory →COM4.32%$25M152.0K
5MSIMOTOROLA SOLUTIONShistory →COM3.80%$22M48.0K
6COHRCOHERENThistory →COM3.75%$22M200.0K
7BKNGBOOKING HOLDINGShistory →COM3.17%$18M3.0K
8SGISOMNIGROUP INTERNATIONALhistory →COM3.09%$18M210.0K
9JCIJOHNSON CONTROLShistory →COM2.90%$17M152.0K
10TPRTAPESTRYhistory →COM2.85%$16M145.0K
11EATBRINKER INTERNATIONALhistory →COM2.80%$16M127.0K
12NVDANVIDIAhistory →COM2.66%$15M82.0K
13EAELECTRONIC ARTS INChistory →COM2.52%$14M72.0K
14HPQHPhistory →COM2.23%$13M470.0K
15JJACOBS SOLUTIONShistory →COM2.21%$13M85.0K
16ULTAULTA BEAUTYhistory →COM2.18%$13M23.0K
17QCOMQUALCOMMhistory →COM2.07%$12M72.0K
18NVRNVRhistory →COM1.96%$11M1.0K
19WTSWATTS WATERhistory →COM1.94%$11M40.0K
20GPNGLOBAL PAYMENTShistory →COM1.93%$11M134.0K
21ITGRINTEGER HOLDINGShistory →COM1.84%$11M103.0K
22TXNTEXAS INSTRUMENTShistory →COM1.83%$11M57.0K
23URIUNITED RENTALShistory →COM1.77%$10M11.0K
24ANFABERCROMBIE & FITCHhistory →COM1.77%$10M119.0K
25TMOTHERMO FISHER SCIENTIFIChistory →COM1.74%$10M21.0K
26AZOAUTOZONEhistory →COM1.72%$10M2.0K
27INMDINMODEhistory →COM1.70%$10M654.0K
28WBDWARNER BROS DISCOVERY INChistory →COM1.70%$10M499.0K
29MSFTMICROSOFThistory →COM1.69%$10M19.0K
30WSTWEST PHARMACEUTICAL SERVICEShistory →COM1.55%$9M34.0K
31AAPLAPPLEhistory →COM1.50%$9M34.0K
32IQVIQVIAhistory →COM1.45%$8M44.0K
33ARHSARHAUShistory →COM1.28%$7M694.0K
34ELVELEVANCE HEALTHhistory →COM1.24%$7M22.0K
35CROXCROCShistory →COM1.23%$7M85.0K
36FDXFEDEX CORPhistory →COM1.17%$7M28.0K
37FBINFORTUNE BRANDShistory →COM1.05%$6M113.0K
38NKENIKE CL Bhistory →COM1.03%$6M85.0K
39ATKRATKOREhistory →COM1.01%$6M93.0K
40ALGNALIGN TECHNOLOGYCOM0.98%$6M45.0K
41BIIBBIOGENCOM0.82%$5M34.0K
42ODFLOLD DOMINION FREIGHT LINECOM0.75%$4M31.0K
43FSLRFIRST SOLAR INCCOM0.57%$3M15.0K
44MBCMASTERBRANDCOM0.49%$3M215.0K
45AMTMAMENTUM HOLDINGSCOM0.40%$2M97.0K
46ZYMEZYMEWORKS INCCOM0.25%$1M82.0K
47LULULULULEMON ATHLETICACOM0.04%$232,0001.0K

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 ↗.