SEC 13F Intelligence

Managers / Q1 2026

North Growth Management Ltd.

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

Reported Value
$653M
Q1 2026
Positions
47
Filings on Record
30
2019–present window
Filed
Apr 24, 2026
original filing

Summary

North Growth Management Ltd. reported $653M in U.S.-listed holdings across 47 positions for Q1 2026.

Its largest position, CIEN, represents 9.3% of the portfolio.

Compared with Q4 2025, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+6.7%
vs prior filed quarter
Top-10 Concentration
+47.3%
share of reported value
Largest Position
+9.3%
Ciena
New / Exited
1 / 1
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: 100.0%
  • Common Stock · 100.0% · $653M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ADBEADOBE SYSTEMSNEW+38.0K38.0K+$9M$9M
ATKRATKORESOLD OUT−94.0K0−$6M$0
NVRNVRADDED+1.0K2.0K+$117,000$10M
MBCMASTERBRANDADDED+212.0K430.0K+$1M$4M
AMTMAMENTUM HOLDINGSADDED+74.0K172.0K+$2M$4M
HPQHPADDED+353.0K829.0K+$5M$16M
WSTWEST PHARMACEUTICAL SERVICESADDED+23.0K62.0K+$5M$16M
EAELECTRONIC ARTS INCTRIMMED−38.0K35.0K−$8M$7M

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

Holdings — Q1 2026

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CIENCIENAhistory →COM9.34%$61M157.0K
2JBLJABILhistory →COM7.20%$47M177.0K
3AMATAPPLIED MATERIALShistory →COM5.83%$38M111.0K
4LITELUMENTUMhistory →COM5.75%$38M53.0K
5COHRCOHERENThistory →COM4.15%$27M114.0K
6MSIMOTOROLA SOLUTIONShistory →COM3.45%$23M52.0K
7EATBRINKER INTERNATIONALhistory →COM3.11%$20M142.0K
8JCIJOHNSON CONTROLShistory →COM3.03%$20M151.0K
9TPRTAPESTRYhistory →COM2.97%$19M138.0K
10NVDANVIDIAhistory →COM2.49%$16M93.0K
11HPQHPhistory →COM2.44%$16M829.0K
12WSTWEST PHARMACEUTICAL SERVICEShistory →COM2.38%$16M62.0K
13BKNGBOOKING HOLDINGShistory →COM2.36%$15M4.0K
14SGISOMNIGROUP INTERNATIONALhistory →COM2.29%$15M202.0K
15TXNTEXAS INSTRUMENTShistory →COM2.21%$14M74.0K
16WBDWARNER BROS DISCOVERY INChistory →COM2.16%$14M513.0K
17ITGRINTEGER HOLDINGShistory →COM2.15%$14M159.0K
18WTSWATTS WATERhistory →COM2.07%$14M47.0K
19TMOTHERMO FISHER SCIENTIFIChistory →COM2.01%$13M27.0K
20IQVIQVIAhistory →COM1.97%$13M76.0K
21GPNGLOBAL PAYMENTShistory →COM1.84%$12M178.0K
22ANFABERCROMBIE & FITCHhistory →COM1.71%$11M122.0K
23AZOAUTOZONEhistory →COM1.71%$11M3.0K
24ULTAULTA BEAUTYhistory →COM1.68%$11M21.0K
25NVRNVRhistory →COM1.60%$10M2.0K
26AAPLAPPLEhistory →COM1.59%$10M41.0K
27JJACOBS SOLUTIONShistory →COM1.58%$10M81.0K
28CROXCROCShistory →COM1.56%$10M123.0K
29URIUNITED RENTALShistory →COM1.52%$10M14.0K
30ADBEADOBE SYSTEMShistory →COM1.42%$9M38.0K
31INMDINMODEhistory →COM1.42%$9M676.0K
32ALGNALIGN TECHNOLOGYhistory →COM1.21%$8M46.0K
33ELVELEVANCE HEALTHhistory →COM1.16%$8M26.0K
34EAELECTRONIC ARTS INChistory →COM1.10%$7M35.0K
35MSFTMICROSOFThistory →COM1.10%$7M19.0K
36NKENIKE CL Bhistory →COM1.08%$7M134.0K
37FDXFEDEX CORPhistory →COM1.02%$7M19.0K
38ODFLOLD DOMINION FREIGHT LINEhistory →COM1.01%$7M34.0K
39BIIBBIOGENCOM0.98%$6M35.0K
40QCOMQUALCOMMCOM0.89%$6M45.0K
41ARHSARHAUSCOM0.84%$5M810.0K
42FBINFORTUNE BRANDSCOM0.73%$5M122.0K
43AMTMAMENTUM HOLDINGSCOM0.69%$4M172.0K
44MBCMASTERBRANDCOM0.55%$4M430.0K
45FSLRFIRST SOLAR INCCOM0.46%$3M15.0K
46ZYMEZYMEWORKS INCCOM0.17%$1M46.0K
47LULULULULEMON ATHLETICACOM0.03%$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 ↗.