Global Alpha Capital Management Ltd.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 8, 2024), Global Alpha Capital Management Ltd. reported 55 stock positions worth $1.3 billion. Its top holding was Ormat Technologies (ORA) at 11.3% of the portfolio, followed by Curtiss-Wright (CW, 6.7%) and Aci Worldwide (ACIW, 5.2%). Compared with Q4 2023, it opened 2 new positions, sold out of 1, added to 29 and reduced 6. The biggest buy was Curtiss-Wright (CW, shares +42%) and the biggest sale Ormat Technologies (ORA, shares −1%).

Most Recent 13F
Q2 2026
Location
MONTREAL, A8
CIK
0001584691
Portfolio Value
$1.3B (Q1 2024)
SEC Filing
0001584691-24-000005 ↗ filed May 8, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.3B $1.3B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.4B Q1 2025 Q2 2025: $1.6B Q2 2025 Q3 2025: $1.7B Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $1.7B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 55 stocks · $1.3B

ORA Ormat Technologies Inc. 11.27% 2,296,140 $151.6M Reduce -0.8%
CW Curtiss-Wright Corp. 6.71% 352,813 $90.3M Add +41.7%
ACIW Aci Worldwide Inc. 5.22% 2,112,828 $70.2M Add +9.3%
LMNR Limoneira Co. 4.37% 3,006,940 $58.8M Add +0.7%
FSS Federal Signal Corp. 3.89% 616,913 $52.4M Add +13.1%
GMED Globus Medical Inc. Class A 3.70% 927,741 $49.8M Add +27.4%
RDNT Radnet Inc. 3.69% 1,019,934 $49.6M Add +16.1%
EXP Eagle Materials Inc. 3.48% 172,440 $46.9M Reduce -22.8%
SANM Sanmina Corp. 3.45% 747,191 $46.5M Add +10.2%
UMBF Umb Financial Corp. 3.40% 525,959 $45.8M Reduce -20.6%
PRAA Pra Group Inc. 3.31% 1,708,015 $44.5M Add +5.3%
DNOW Dnow Inc. 2.81% 2,487,826 $37.8M No change
RUSHA Rush Enterprises Inc. Class A 2.75% 691,390 $37.0M Add +11.5%
WTFC Wintrust Financial Corp. 2.66% 343,253 $35.8M Reduce -28.3%
RLI Rli Corp. 2.55% 231,388 $34.4M No change
ATNI Atn International Inc. 2.49% 1,063,079 $33.5M Add +2.5%
VRNT Verint Systems Inc. 2.39% 968,303 $32.1M Add +23.3%
HP Helmerich & Payne 2.24% 716,591 $30.1M No change
CCOI Cogent Communications Holdin 2.09% 429,600 $28.1M No change
ENV Envestnet Inc. 2.05% 477,215 $27.6M No change
RYN Rayonier Inc. 2.03% 822,327 $27.3M Add +27.5%
ANIP Ani Pharmaceuticals Inc. 2.01% 390,750 $27.0M Reduce -32.9%
CWST Casella Waste Systems Inc. Class A 1.99% 270,300 $26.7M Add +28.9%
FPI Farmland Partners Inc. 1.88% 2,284,069 $25.4M No change
EVR Evercore Inc. Class A 1.74% 121,200 $23.3M Add +82.8%
IBP Installed Building Products 1.59% 82,491 $21.3M Reduce -30.7%
THRM Gentherm Inc. 1.55% 362,073 $20.8M Add +13.1%
AAON Aaon Inc. 1.50% 229,700 $20.2M Add +46.3%
OR Osisko Gold Royalties Ltd. 1.46% 1,197,522 $19.7M No change
BC Brunswick Corp. 1.43% 199,588 $19.3M No change
DGII Digi International Inc. 1.26% 532,750 $17.0M No change
CLNE Clean Energy Fuels Corp. 1.14% 5,728,476 $15.4M No change
TITN Titan Machinery Inc. 1.09% 591,518 $14.7M No change
DIOD Diodes Inc. 1.01% 193,570 $13.6M No change
CSTE Caesarstone Ltd. 0.91% 2,981,057 $12.2M No change
VITL Vital Farms Inc. 0.19% 111,300 $2.6M New
LRN Stride Inc. 0.19% 40,900 $2.6M Add +14.3%
ICFI Icf International Inc. 0.18% 16,400 $2.5M Add +15.5%
PRMW Primo Water Corp. 0.17% 127,000 $2.3M Add +13.5%
BCPC Balchem Corp. 0.17% 14,800 $2.3M Add +4.2%
PCRX Pacira Biosciences Inc. 0.16% 75,800 $2.2M Add +4.5%
COLD Americold Realty Trust Inc. 0.15% 82,500 $2.1M Add +48.1%
AGM Federal Agric MTG Corp. Class C 0.15% 10,300 $2.0M Add +6.2%
VMI Valmont Industries 0.15% 8,840 $2.0M No change
ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP 0.14% 49,500 $1.9M New
ZWS Zurn Elkay Water Solutions C 0.14% 57,900 $1.9M Add +12.7%
BFAM Bright Horizons Family Solut 0.14% 16,900 $1.9M Add +5.6%
ENS Enersys 0.13% 19,200 $1.8M No change
MWA Mueller Water Products Inc. Class A 0.13% 104,800 $1.7M No change
ARRY Array Technologies Inc. 0.13% 112,800 $1.7M Add +62.8%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.12% 32,600 $1.7M No change
POWI Power Integrations Inc. 0.11% 20,490 $1.5M Add +15.2%
TDOC Teladoc Health Inc. 0.11% 93,700 $1.4M No change
RDUS Radius Recycling Inc. Class A 0.09% 58,000 $1.2M Add +17.2%
AMN Amn Healthcare Services Inc. 0.09% 19,100 $1.2M Add +19.4%

Portfolio Sells Q4 2023 → Q1 2024

ORA Ormat Technologies Inc. Reduce -0.8% 11.27% −3.00
OMCL Omnicell Inc. Sold out 0.00% −1.08
UMBF Umb Financial Corp. Reduce -20.6% 3.40% −1.05
WTFC Wintrust Financial Corp. Reduce -28.3% 2.66% −0.91
ANIP Ani Pharmaceuticals Inc. Reduce -32.9% 2.01% −0.57
IBP Installed Building Products Reduce -30.7% 1.59% −0.16
EXP Eagle Materials Inc. Reduce -22.8% 3.48% −0.16

Portfolio Buys Q4 2023 → Q1 2024

CW Curtiss-Wright Corp. Add +41.7% 6.71% +2.25
RDNT Radnet Inc. Add +16.1% 3.69% +1.24
EVR Evercore Inc. Class A Add +82.8% 1.74% +0.82
VRNT Verint Systems Inc. Add +23.3% 2.39% +0.68
SANM Sanmina Corp. Add +10.2% 3.45% +0.65
GMED Globus Medical Inc. Class A Add +27.4% 3.70% +0.58
AAON Aaon Inc. Add +46.3% 1.50% +0.57
CWST Casella Waste Systems Inc. Class A Add +28.9% 1.99% +0.55
FSS Federal Signal Corp. Add +13.1% 3.89% +0.53
ACIW Aci Worldwide Inc. Add +9.3% 5.22% +0.46
RYN Rayonier Inc. Add +27.5% 2.03% +0.30
RUSHA Rush Enterprises Inc. Class A Add +11.5% 2.75% +0.24
THRM Gentherm Inc. Add +13.1% 1.55% +0.20
VITL Vital Farms Inc. New 0.19% +0.19
ONT Onterris Inc. New 0.14% +0.14
PRMW Primo Water Corp. Add +13.5% 0.17% +0.04
ARRY Array Technologies Inc. Add +62.8% 0.13% +0.03
ICFI Icf International Inc. Add +15.5% 0.18% +0.03
ZWS Zurn Elkay Water Solutions C Add +12.7% 0.14% +0.02
BFAM Bright Horizons Family Solut Add +5.6% 0.14% +0.02
LRN Stride Inc. Add +14.3% 0.19% +0.02
COLD Americold Realty Trust Inc. Add +48.1% 0.15% +0.02
AGM Federal Agric MTG Corp. Class C Add +6.2% 0.15% +0.00
BCPC Balchem Corp. Add +4.2% 0.17% +0.00
AMN Amn Healthcare Services Inc. Add +19.4% 0.09% −0.01
POWI Power Integrations Inc. Add +15.2% 0.11% −0.01
RDUS Radius Recycling Inc. Class A Add +17.2% 0.09% −0.03
PCRX Pacira Biosciences Inc. Add +4.5% 0.16% −0.03
PRAA Pra Group Inc. Add +5.3% 3.31% −0.10
LMNR Limoneira Co. Add +0.7% 4.37% −0.58
ATNI Atn International Inc. Add +2.5% 2.49% −0.76

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 48$1.7BORA, UMBF, SANM, CVLT, GMED
Q1 2026 54$1.7BORA, SANM, UMBF, GMED, DIOD
Q4 2025 56$1.6BORA, SANM, UMBF, GMED, AA
Q3 2025 56$1.7BORA, SANM, UMBF, SCZ, GMED
Q2 2025 56$1.6BORA, SANM, UMBF, GMED, CWST
Q1 2025 58$1.4BORA, SANM, LMNR, GMED, UMBF
Q4 2024 56$1.4BORA, LMNR, GMED, SANM, UMBF
Q3 2024 57$1.5BORA, LMNR, RDNT, ACIW, GMED
Q2 2024 57$1.4BORA, CW, LMNR, GMED, ACIW
Q1 2024 55$1.3BORA, CW, ACIW, LMNR, FSS