Global Alpha Capital Management Ltd.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Global Alpha Capital Management Ltd. reported 48 stock positions worth $1.7 billion. Its top holding was Ormat Technologies (ORA) at 8.9% of the portfolio, followed by Umb Financial (UMBF, 5.9%) and Sanmina (SANM, 4.5%). Compared with Q1 2026, it opened 2 new positions, sold out of 8, added to 19 and reduced 27. The biggest buy was Commvault Systems (CVLT, shares +34%) and the biggest sale Ormat Technologies (ORA, shares −24%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001584691
- Portfolio Value
- $1.7B (Q2 2026)
- SEC Filing
- 0001584691-26-000008 ↗ filed Aug 13, 2026
Holdings Value
Holdings 48 stocks · $1.7B
| ORA Ormat Technologies Inc. | 8.88% | 1,359,802 | $148.2M | Reduce -24.1% |
| UMBF Umb Financial Corp. | 5.90% | 690,325 | $98.6M | Add +4.8% |
| SANM Sanmina Corp. | 4.49% | 296,337 | $75.0M | Reduce -50.8% |
| CVLT Commvault Systems Inc. | 4.20% | 494,473 | $70.1M | Add +34.2% |
| GMED Globus Medical Inc. Class A | 4.06% | 856,616 | $67.7M | Add +23.4% |
| COLD Americold Realty Trust Inc. | 4.04% | 4,291,891 | $67.5M | Add +38.8% |
| DIOD Diodes Inc. | 3.80% | 578,999 | $63.4M | Reduce -30.9% |
| GXO Gxo Logistics Inc. | 3.18% | 1,046,730 | $53.1M | Add +12.6% |
| RUSHA Rush Enterprises Inc. Class A | 2.98% | 682,458 | $49.8M | Reduce -7.0% |
| EXP Eagle Materials Inc. | 2.90% | 214,813 | $48.3M | Reduce -0.7% |
| SAM Boston Beer Company Inc. Class A | 2.84% | 267,567 | $47.4M | Add +81.4% |
| ANIP Ani Pharmaceuticals Inc. | 2.77% | 558,003 | $46.2M | Add +54.5% |
| RDNT Radnet Inc. | 2.72% | 734,875 | $45.3M | Add +11.7% |
| RYN Rayonier Inc. | 2.65% | 2,080,000 | $44.3M | Reduce -0.5% |
| FSS Federal Signal Corp. | 2.52% | 326,966 | $42.0M | Reduce -0.9% |
| RLI Rli Corp. | 2.48% | 700,675 | $41.4M | Add +19.1% |
| THRM Gentherm Inc. | 2.43% | 1,186,720 | $40.5M | Reduce -0.4% |
| EVR Evercore Inc. Class A | 2.42% | 118,121 | $40.3M | Reduce -0.6% |
| ATNI Atn International Inc. | 2.29% | 1,444,296 | $38.3M | Reduce -0.9% |
| LMNR Limoneira Co. | 2.28% | 2,898,549 | $38.1M | Reduce -0.9% |
| DGII Digi International Inc. | 2.14% | 475,962 | $35.7M | Reduce -0.6% |
| SII Sprott Inc. | 2.14% | 315,583 | $35.6M | Add +0.7% |
| KWR Quaker Chemical Corporation | 2.06% | 216,161 | $34.3M | Add +27.3% |
| SCI Service Corp. International | 1.98% | 434,105 | $33.0M | Add +24.9% |
| GPOR Gulfport Energy Corp. | 1.93% | 189,819 | $32.2M | Reduce -0.4% |
| BGSI Boyd Group Services Inc. | 1.84% | 323,914 | $30.6M | Reduce -0.5% |
| DOCU Docusign Inc. | 1.79% | 673,986 | $29.9M | New |
| PRAA Pra Group Inc. | 1.79% | 1,574,253 | $29.9M | Reduce -18.7% |
| AA Alcoa Corp. | 1.75% | 558,623 | $29.1M | Reduce -18.9% |
| GENI Genius Sports Ltd. | 1.69% | 4,443,719 | $28.2M | Reduce -0.1% |
| AWI Armstrong World Industries | 1.67% | 173,997 | $27.9M | Reduce -0.1% |
| REZI Resideo Technologies Inc. | 1.54% | 824,926 | $25.7M | Reduce -0.2% |
| DNOW Dnow Inc. | 1.26% | 1,622,200 | $21.0M | Reduce -46.1% |
| SEDG Solaredge Technologies Inc. | 1.21% | 346,602 | $20.3M | Add +703.7% |
| CLNE Clean Energy Fuels Corp. | 1.17% | 9,516,240 | $19.5M | Add +33.5% |
| EEFT Euronet Worldwide Inc. | 1.03% | 234,587 | $17.2M | Reduce -0.7% |
| WRD Weride Inc.-ADR | 0.98% | 2,812,760 | $16.4M | Add +10.4% |
| ENS Enersys | 0.36% | 25,706 | $6.0M | Reduce -11.9% |
| VMI Valmont Industries | 0.29% | 8,347 | $4.8M | Reduce -0.2% |
| NXT Nextpower Inc. | 0.23% | 32,923 | $3.9M | Reduce -3.5% |
| AGM Federal Agric MTG Corp. Class C | 0.22% | 18,367 | $3.7M | Add +9.3% |
| ONT Onterris Inc. | 0.21% | 173,335 | $3.5M | Add +21.2% |
| BCPC Balchem Corp. | 0.20% | 20,214 | $3.4M | Reduce -0.2% |
| ZWS Zurn Elkay Water Solutions C | 0.20% | 66,923 | $3.4M | Reduce -0.2% |
| VCEL Vericel Corp. | 0.17% | 64,141 | $2.9M | Add +28.4% |
| CVSA Covista Inc. | 0.15% | 19,501 | $2.4M | Reduce -0.2% |
| MWA Mueller Water Products Inc. Class A | 0.14% | 90,303 | $2.3M | Add +85.7% |
| POWI Power Integrations Inc. | 0.06% | 11,829 | $991K | New |
Portfolio Sells Q1 2026 → Q2 2026
| ORA Ormat Technologies Inc. | Reduce -24.1% | 8.88% | −3.15 |
| ACIW Aci Worldwide Inc. | Sold out | 0.00% | −2.26 |
| WTFC Wintrust Financial Corp. | Sold out | 0.00% | −1.96 |
| CAE Cae Inc. | Sold out | 0.00% | −1.89 |
| BC Brunswick Corp. | Sold out | 0.00% | −1.64 |
| CWST Casella Waste Systems Inc. Class A | Sold out | 0.00% | −1.56 |
| AA Alcoa Corp. | Reduce -18.9% | 1.75% | −1.01 |
| DNOW Dnow Inc. | Reduce -46.1% | 1.26% | −0.89 |
| BGSI Boyd Group Services Inc. | Reduce -0.5% | 1.84% | −0.66 |
| GPOR Gulfport Energy Corp. | Reduce -0.4% | 1.93% | −0.50 |
| PRAA Pra Group Inc. | Reduce -18.7% | 1.79% | −0.25 |
| SANM Sanmina Corp. | Reduce -50.8% | 4.49% | −0.21 |
| REZI Resideo Technologies Inc. | Reduce -0.2% | 1.54% | −0.14 |
| ATNI Atn International Inc. | Reduce -0.9% | 2.29% | −0.09 |
| LMNR Limoneira Co. | Reduce -0.9% | 2.28% | −0.08 |
| CERT Certara Inc. | Sold out | 0.00% | −0.06 |
| AWI Armstrong World Industries | Reduce -0.1% | 1.67% | −0.06 |
| BLKB Blackbaud Inc. | Sold out | 0.00% | −0.03 |
| NXT Nextpower Inc. | Reduce -3.5% | 0.23% | −0.01 |
| ATAT Atour Lifestyle Holdings-ADR | Sold out | 0.00% | −0.01 |
| BCPC Balchem Corp. | Reduce -0.2% | 0.20% | −0.00 |
| CVSA Covista Inc. | Reduce -0.2% | 0.15% | +0.01 |
| ZWS Zurn Elkay Water Solutions C | Reduce -0.2% | 0.20% | +0.02 |
| ENS Enersys | Reduce -11.9% | 0.36% | +0.06 |
| RYN Rayonier Inc. | Reduce -0.5% | 2.65% | +0.06 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -7.0% | 2.98% | +0.06 |
| EEFT Euronet Worldwide Inc. | Reduce -0.7% | 1.03% | +0.09 |
| VMI Valmont Industries | Reduce -0.2% | 0.29% | +0.09 |
| EVR Evercore Inc. Class A | Reduce -0.6% | 2.42% | +0.28 |
| DIOD Diodes Inc. | Reduce -30.9% | 3.80% | +0.36 |
| FSS Federal Signal Corp. | Reduce -0.9% | 2.52% | +0.37 |
| EXP Eagle Materials Inc. | Reduce -0.7% | 2.90% | +0.43 |
| THRM Gentherm Inc. | Reduce -0.4% | 2.43% | +0.43 |
| GENI Genius Sports Ltd. | Reduce -0.1% | 1.69% | +0.55 |
| DGII Digi International Inc. | Reduce -0.6% | 2.14% | +0.75 |
Portfolio Buys Q1 2026 → Q2 2026
| CVLT Commvault Systems Inc. | Add +34.2% | 4.20% | +2.47 |
| COLD Americold Realty Trust Inc. | Add +38.8% | 4.04% | +1.91 |
| DOCU Docusign Inc. | New | 1.79% | +1.79 |
| UMBF Umb Financial Corp. | Add +4.8% | 5.90% | +1.43 |
| ANIP Ani Pharmaceuticals Inc. | Add +54.5% | 2.77% | +1.10 |
| SEDG Solaredge Technologies Inc. | Add +703.7% | 1.21% | +1.08 |
| SAM Boston Beer Company Inc. Class A | Add +81.4% | 2.84% | +0.79 |
| KWR Quaker Chemical Corporation | Add +27.3% | 2.06% | +0.79 |
| RDNT Radnet Inc. | Add +11.7% | 2.72% | +0.50 |
| RLI Rli Corp. | Add +19.1% | 2.48% | +0.46 |
| GMED Globus Medical Inc. Class A | Add +23.4% | 4.06% | +0.46 |
| GXO Gxo Logistics Inc. | Add +12.6% | 3.18% | +0.28 |
| SCI Service Corp. International | Add +24.9% | 1.98% | +0.25 |
| CLNE Clean Energy Fuels Corp. | Add +33.5% | 1.17% | +0.11 |
| VCEL Vericel Corp. | Add +28.4% | 0.17% | +0.07 |
| AGM Federal Agric MTG Corp. Class C | Add +9.3% | 0.22% | +0.07 |
| POWI Power Integrations Inc. | New | 0.06% | +0.06 |
| MWA Mueller Water Products Inc. Class A | Add +85.7% | 0.14% | +0.06 |
| ONT Onterris Inc. | Add +21.2% | 0.21% | +0.02 |
| WRD Weride Inc.-ADR | Add +10.4% | 0.98% | −0.26 |
| SII Sprott Inc. | Add +0.7% | 2.14% | −0.56 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 48 | $1.7B | ORA, UMBF, SANM, CVLT, GMED |
| Q1 2026 | 54 | $1.7B | ORA, SANM, UMBF, GMED, DIOD |
| Q4 2025 | 56 | $1.6B | ORA, SANM, UMBF, GMED, AA |
| Q3 2025 | 56 | $1.7B | ORA, SANM, UMBF, SCZ, GMED |
| Q2 2025 | 56 | $1.6B | ORA, SANM, UMBF, GMED, CWST |
| Q1 2025 | 58 | $1.4B | ORA, SANM, LMNR, GMED, UMBF |
| Q4 2024 | 56 | $1.4B | ORA, LMNR, GMED, SANM, UMBF |
| Q3 2024 | 57 | $1.5B | ORA, LMNR, RDNT, ACIW, GMED |
| Q2 2024 | 57 | $1.4B | ORA, CW, LMNR, GMED, ACIW |
| Q1 2024 | 55 | $1.3B | ORA, CW, ACIW, LMNR, FSS |