Global Alpha Capital Management Ltd.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), Global Alpha Capital Management Ltd. reported 57 stock positions worth $1.5 billion. Its top holding was Ormat Technologies (ORA) at 12.2% of the portfolio, followed by Limoneira (LMNR, 5.7%) and Radnet (RDNT, 4.3%). Compared with Q2 2024, it opened 3 new positions, sold out of 3, added to 38 and reduced 12. The biggest buy was a new position in Alcoa (AA) and the biggest sale an exit from Envestnet (ENV).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001584691
- Portfolio Value
- $1.5B (Q3 2024)
- SEC Filing
- 0001584691-24-000014 ↗ filed Nov 8, 2024
Holdings Value
Holdings 57 stocks · $1.5B
| ORA Ormat Technologies Inc. | 12.22% | 2,446,624 | $188.1M | Add +6.1% |
| LMNR Limoneira Co. | 5.68% | 3,299,703 | $87.4M | Add +3.0% |
| RDNT Radnet Inc. | 4.33% | 960,034 | $66.6M | Reduce -3.4% |
| ACIW Aci Worldwide Inc. | 4.15% | 1,253,789 | $63.8M | Reduce -23.9% |
| GMED Globus Medical Inc. Class A | 4.11% | 885,141 | $63.3M | Reduce -7.7% |
| SANM Sanmina Corp. | 4.10% | 922,391 | $63.1M | Add +19.4% |
| CW Curtiss-Wright Corp. | 3.79% | 177,367 | $58.3M | Reduce -41.3% |
| UMBF Umb Financial Corp. | 3.77% | 552,159 | $58.0M | Add +1.7% |
| FSS Federal Signal Corp. | 3.66% | 602,613 | $56.3M | Add +1.5% |
| ATNI Atn International Inc. | 2.79% | 1,327,179 | $42.9M | Add +18.1% |
| EXP Eagle Materials Inc. | 2.67% | 142,920 | $41.1M | Add +1.9% |
| RLI Rli Corp. | 2.66% | 264,288 | $41.0M | Add +10.7% |
| RUSHA Rush Enterprises Inc. Class A | 2.66% | 773,990 | $40.9M | Add +1.9% |
| PRAA Pra Group Inc. | 2.64% | 1,817,800 | $40.6M | Add +2.9% |
| EVR Evercore Inc. Class A | 2.59% | 157,160 | $39.8M | Add +1.7% |
| WTFC Wintrust Financial Corp. | 2.55% | 361,253 | $39.2M | Add +1.8% |
| CWST Casella Waste Systems Inc. Class A | 2.43% | 375,212 | $37.3M | Add +10.8% |
| AA Alcoa Corp. | 2.35% | 937,410 | $36.2M | New |
| DNOW Dnow Inc. | 2.20% | 2,622,426 | $33.9M | Add +1.9% |
| RYN Rayonier Inc. | 2.16% | 1,034,127 | $33.3M | Add +2.9% |
| GXO Gxo Logistics Inc. | 2.11% | 622,900 | $32.4M | New |
| FPI Farmland Partners Inc. | 2.11% | 3,103,769 | $32.4M | Reduce -0.5% |
| ANIP Ani Pharmaceuticals Inc. | 2.08% | 536,450 | $32.0M | Add +1.8% |
| VRNT Verint Systems Inc. | 2.03% | 1,231,703 | $31.2M | Add +22.6% |
| THRM Gentherm Inc. | 1.91% | 632,673 | $29.5M | Add +22.6% |
| HP Helmerich & Payne | 1.74% | 880,781 | $26.8M | Add +18.7% |
| SII Sprott Inc. | 1.65% | 587,408 | $25.5M | Add +47.1% |
| CLNE Clean Energy Fuels Corp. | 1.44% | 7,145,976 | $22.2M | Add +1.4% |
| OR Osisko Gold Royalties Ltd. | 1.37% | 1,136,822 | $21.1M | Reduce -18.0% |
| BC Brunswick Corp. | 1.31% | 240,128 | $20.1M | Add +47.5% |
| AAON Aaon Inc. | 1.19% | 169,660 | $18.3M | Reduce -0.3% |
| IBP Installed Building Products | 1.04% | 65,299 | $16.1M | Add +1.6% |
| DIOD Diodes Inc. | 1.03% | 248,170 | $15.9M | Add +1.1% |
| DGII Digi International Inc. | 1.01% | 566,150 | $15.6M | Add +2.1% |
| CSTE Caesarstone Ltd. | 0.89% | 3,019,248 | $13.8M | Add +1.6% |
| ALTM Arcadium Lithium PLC | 0.58% | 3,105,229 | $8.8M | Add +74.9% |
| CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC | 0.24% | 48,420 | $3.7M | No change |
| PRMW Primo Water Corp. | 0.22% | 133,132 | $3.4M | Add +4.3% |
| LRN Stride Inc. | 0.22% | 39,049 | $3.3M | Reduce -5.1% |
| ZWS Zurn Elkay Water Solutions C | 0.22% | 92,448 | $3.3M | Add +23.1% |
| COLD Americold Realty Trust Inc. | 0.20% | 111,318 | $3.1M | Add +16.5% |
| ENS Enersys | 0.18% | 27,361 | $2.8M | Add +32.8% |
| MWA Mueller Water Products Inc. Class A | 0.17% | 119,980 | $2.6M | No change |
| ICFI Icf International Inc. | 0.17% | 15,598 | $2.6M | Reduce -15.3% |
| BCPC Balchem Corp. | 0.16% | 13,652 | $2.4M | Reduce -8.3% |
| CCOI Cogent Communications Holdin | 0.15% | 29,713 | $2.3M | Reduce -86.9% |
| AGM Federal Agric MTG Corp. Class C | 0.14% | 11,425 | $2.1M | Add +10.3% |
| VMI Valmont Industries | 0.14% | 7,287 | $2.1M | Add +69.9% |
| VITL Vital Farms Inc. | 0.13% | 58,193 | $2.0M | Add +16.4% |
| BFAM Bright Horizons Family Solut | 0.13% | 14,215 | $2.0M | Add +12.7% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.12% | 69,890 | $1.8M | Add +26.3% |
| POWI Power Integrations Inc. | 0.10% | 25,075 | $1.6M | No change |
| OPCH Option Care Health Inc. | 0.10% | 49,818 | $1.6M | Add +108.3% |
| VCEL Vericel Corp. | 0.06% | 23,383 | $988K | Add +60.3% |
| AMN Amn Healthcare Services Inc. | 0.05% | 19,200 | $814K | No change |
| HAE Haemonetics Corp. | 0.05% | 10,025 | $806K | New |
| PCRX Pacira Biosciences Inc. | 0.04% | 37,740 | $568K | Reduce -56.8% |
Portfolio Sells Q2 2024 → Q3 2024
| ENV Envestnet Inc. | Sold out | 0.00% | −2.26 |
| CW Curtiss-Wright Corp. | Reduce -41.3% | 3.79% | −2.18 |
| TITN Titan Machinery Inc. | Sold out | 0.00% | −1.01 |
| CCOI Cogent Communications Holdin | Reduce -86.9% | 0.15% | −0.79 |
| GMED Globus Medical Inc. Class A | Reduce -7.7% | 4.11% | −0.67 |
| ACIW Aci Worldwide Inc. | Reduce -23.9% | 4.15% | −0.61 |
| FPI Farmland Partners Inc. | Reduce -0.5% | 2.11% | −0.51 |
| OR Osisko Gold Royalties Ltd. | Reduce -18.0% | 1.37% | −0.21 |
| PCRX Pacira Biosciences Inc. | Reduce -56.8% | 0.04% | −0.15 |
| ARRY Array Technologies Inc. | Sold out | 0.00% | −0.09 |
| ICFI Icf International Inc. | Reduce -15.3% | 0.17% | −0.03 |
| BCPC Balchem Corp. | Reduce -8.3% | 0.16% | −0.01 |
| LRN Stride Inc. | Reduce -5.1% | 0.22% | +0.01 |
| RDNT Radnet Inc. | Reduce -3.4% | 4.33% | +0.06 |
| AAON Aaon Inc. | Reduce -0.3% | 1.19% | +0.11 |
Portfolio Buys Q2 2024 → Q3 2024
| AA Alcoa Corp. | New | 2.35% | +2.35 |
| GXO Gxo Logistics Inc. | New | 2.11% | +2.11 |
| ATNI Atn International Inc. | Add +18.1% | 2.79% | +0.92 |
| LMNR Limoneira Co. | Add +3.0% | 5.68% | +0.82 |
| UMBF Umb Financial Corp. | Add +1.7% | 3.77% | +0.47 |
| EXP Eagle Materials Inc. | Add +1.9% | 2.67% | +0.45 |
| SII Sprott Inc. | Add +47.1% | 1.65% | +0.45 |
| BC Brunswick Corp. | Add +47.5% | 1.31% | +0.44 |
| SANM Sanmina Corp. | Add +19.4% | 4.10% | +0.37 |
| RUSHA Rush Enterprises Inc. Class A | Add +1.9% | 2.66% | +0.34 |
| EVR Evercore Inc. Class A | Add +1.7% | 2.59% | +0.24 |
| RLI Rli Corp. | Add +10.7% | 2.66% | +0.21 |
| ALTM Arcadium Lithium PLC | Add +74.9% | 0.58% | +0.14 |
| ORA Ormat Technologies Inc. | Add +6.1% | 12.22% | +0.11 |
| PRAA Pra Group Inc. | Add +2.9% | 2.64% | +0.11 |
| DGII Digi International Inc. | Add +2.1% | 1.01% | +0.09 |
| IBP Installed Building Products | Add +1.6% | 1.04% | +0.08 |
| CLNE Clean Energy Fuels Corp. | Add +1.4% | 1.44% | +0.07 |
| THRM Gentherm Inc. | Add +22.6% | 1.91% | +0.06 |
| ZWS Zurn Elkay Water Solutions C | Add +23.1% | 0.22% | +0.06 |
| OPCH Option Care Health Inc. | Add +108.3% | 0.10% | +0.05 |
| HAE Haemonetics Corp. | New | 0.05% | +0.05 |
| VMI Valmont Industries | Add +69.9% | 0.14% | +0.05 |
| FSS Federal Signal Corp. | Add +1.5% | 3.66% | +0.04 |
| RYN Rayonier Inc. | Add +2.9% | 2.16% | +0.03 |
| BFAM Bright Horizons Family Solut | Add +12.7% | 0.13% | +0.03 |
| COLD Americold Realty Trust Inc. | Add +16.5% | 0.20% | +0.03 |
| ENS Enersys | Add +32.8% | 0.18% | +0.03 |
| VCEL Vericel Corp. | Add +60.3% | 0.06% | +0.02 |
| PRMW Primo Water Corp. | Add +4.3% | 0.22% | +0.01 |
| AGM Federal Agric MTG Corp. Class C | Add +10.3% | 0.14% | +0.00 |
| WTFC Wintrust Financial Corp. | Add +1.8% | 2.55% | −0.00 |
| CWST Casella Waste Systems Inc. Class A | Add +10.8% | 2.43% | −0.02 |
| VITL Vital Farms Inc. | Add +16.4% | 0.13% | −0.04 |
| ONT Onterris Inc. | Add +26.3% | 0.12% | −0.06 |
| CSTE Caesarstone Ltd. | Add +1.6% | 0.89% | −0.19 |
| HP Helmerich & Payne | Add +18.7% | 1.74% | −0.21 |
| DIOD Diodes Inc. | Add +1.1% | 1.03% | −0.25 |
| VRNT Verint Systems Inc. | Add +22.6% | 2.03% | −0.33 |
| ANIP Ani Pharmaceuticals Inc. | Add +1.8% | 2.08% | −0.37 |
| DNOW Dnow Inc. | Add +1.9% | 2.20% | −0.37 |
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 |