Global Alpha Capital Management Ltd.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Global Alpha Capital Management Ltd. reported 56 stock positions worth $1.4 billion. Its top holding was Ormat Technologies (ORA) at 11.2% of the portfolio, followed by Limoneira (LMNR, 5.8%) and Globus Medical Class A (GMED, 4.9%). Compared with Q3 2024, it opened 4 new positions, sold out of 5, added to 31 and reduced 21. The biggest buy was a new position in Boston Beer Class A (SAM) and the biggest sale Radnet (RDNT, shares −49%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001584691
- Portfolio Value
- $1.4B (Q4 2024)
- SEC Filing
- 0001426327-25-000003 ↗ filed Feb 7, 2025
Holdings Value
Holdings 56 stocks · $1.4B
| ORA Ormat Technologies Inc. | 11.24% | 2,268,068 | $154.9M | Reduce -7.3% |
| LMNR Limoneira Co. | 5.79% | 3,264,181 | $79.8M | Reduce -1.1% |
| GMED Globus Medical Inc. Class A | 4.92% | 819,391 | $67.8M | Reduce -7.4% |
| SANM Sanmina Corp. | 4.12% | 751,191 | $56.8M | Reduce -18.6% |
| UMBF Umb Financial Corp. | 3.46% | 422,023 | $47.6M | Reduce -23.6% |
| VRNT Verint Systems Inc. | 3.42% | 1,717,703 | $47.2M | Add +39.5% |
| ACIW Aci Worldwide Inc. | 3.33% | 884,969 | $45.9M | Reduce -29.4% |
| RUSHA Rush Enterprises Inc. Class A | 3.14% | 789,190 | $43.2M | Add +2.0% |
| EVR Evercore Inc. Class A | 3.02% | 149,970 | $41.6M | Reduce -4.6% |
| CWST Casella Waste Systems Inc. Class A | 3.01% | 392,345 | $41.5M | Add +4.6% |
| FPI Farmland Partners Inc. | 2.89% | 3,387,769 | $39.8M | Add +9.2% |
| PRAA Pra Group Inc. | 2.87% | 1,896,000 | $39.6M | Add +4.3% |
| RLI Rli Corp. | 2.75% | 229,658 | $37.9M | Reduce -13.1% |
| WTFC Wintrust Financial Corp. | 2.69% | 297,033 | $37.0M | Reduce -17.8% |
| FSS Federal Signal Corp. | 2.63% | 391,713 | $36.2M | Reduce -35.0% |
| ANIP Ani Pharmaceuticals Inc. | 2.51% | 624,550 | $34.5M | Add +16.4% |
| DNOW Dnow Inc. | 2.47% | 2,615,526 | $34.0M | Reduce -0.3% |
| RDNT Radnet Inc. | 2.47% | 487,004 | $34.0M | Reduce -49.3% |
| GXO Gxo Logistics Inc. | 2.39% | 757,130 | $32.9M | Add +21.6% |
| THRM Gentherm Inc. | 2.27% | 782,983 | $31.3M | Add +23.8% |
| AA Alcoa Corp. | 2.24% | 817,210 | $30.9M | Reduce -12.8% |
| RYN Rayonier Inc. | 2.18% | 1,150,927 | $30.0M | Add +11.3% |
| CW Curtiss-Wright Corp. | 2.15% | 83,637 | $29.7M | Reduce -52.9% |
| HP Helmerich & Payne | 2.11% | 907,281 | $29.1M | Add +3.0% |
| EXP Eagle Materials Inc. | 1.92% | 107,390 | $26.5M | Reduce -24.9% |
| ATNI Atn International Inc. | 1.87% | 1,533,279 | $25.8M | Add +15.5% |
| SAM Boston Beer Company Inc. Class A | 1.69% | 77,834 | $23.3M | New |
| GPOR Gulfport Energy Corp. | 1.65% | 123,560 | $22.8M | New |
| CLNE Clean Energy Fuels Corp. | 1.35% | 7,392,476 | $18.6M | Add +3.5% |
| SII Sprott Inc. | 1.30% | 427,108 | $18.0M | Reduce -27.3% |
| DGII Digi International Inc. | 1.29% | 587,350 | $17.8M | Add +3.7% |
| OR Osisko Gold Royalties Ltd. | 1.24% | 947,222 | $17.1M | Reduce -16.7% |
| OXM Oxford Industries Inc. | 1.20% | 209,300 | $16.5M | New |
| DIOD Diodes Inc. | 1.16% | 259,770 | $16.0M | Add +4.7% |
| BC Brunswick Corp. | 1.13% | 241,328 | $15.6M | Add +0.5% |
| CSTE Caesarstone Ltd. | 0.94% | 3,048,348 | $13.0M | Add +1.0% |
| CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC | 0.28% | 41,780 | $3.8M | Reduce -13.7% |
| ZWS Zurn Elkay Water Solutions C | 0.26% | 97,740 | $3.6M | Add +5.7% |
| ENS Enersys | 0.23% | 33,548 | $3.1M | Add +22.6% |
| MWA Mueller Water Products Inc. Class A | 0.21% | 126,830 | $2.9M | Add +5.7% |
| BCPC Balchem Corp. | 0.20% | 17,109 | $2.8M | Add +25.3% |
| LRN Stride Inc. | 0.20% | 26,623 | $2.8M | Reduce -31.8% |
| AGM Federal Agric MTG Corp. Class C | 0.20% | 14,036 | $2.8M | Add +22.9% |
| PRMB Primo Brands Corp. | 0.20% | 87,837 | $2.7M | Reduce -34.0% |
| VITL Vital Farms Inc. | 0.19% | 69,350 | $2.6M | Add +19.2% |
| COLD Americold Realty Trust Inc. | 0.18% | 117,690 | $2.5M | Add +5.7% |
| VMI Valmont Industries | 0.17% | 7,705 | $2.4M | Add +5.7% |
| BFAM Bright Horizons Family Solut | 0.12% | 15,030 | $1.7M | Add +5.7% |
| POWI Power Integrations Inc. | 0.12% | 26,515 | $1.6M | Add +5.7% |
| OPCH Option Care Health Inc. | 0.12% | 68,810 | $1.6M | Add +38.1% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.10% | 73,890 | $1.4M | Add +5.7% |
| VCEL Vericel Corp. | 0.10% | 24,720 | $1.4M | Add +5.7% |
| CCOI Cogent Communications Holdin | 0.10% | 17,450 | $1.3M | Reduce -41.3% |
| HAE Haemonetics Corp. | 0.10% | 17,101 | $1.3M | Add +70.6% |
| HCSG Healthcare Services Group | 0.06% | 70,780 | $822K | New |
| PCRX Pacira Biosciences Inc. | 0.05% | 39,900 | $752K | Add +5.7% |
Portfolio Sells Q3 2024 → Q4 2024
| RDNT Radnet Inc. | Reduce -49.3% | 2.47% | −1.86 |
| CW Curtiss-Wright Corp. | Reduce -52.9% | 2.15% | −1.63 |
| AAON Aaon Inc. | Sold out | 0.00% | −1.19 |
| IBP Installed Building Products | Sold out | 0.00% | −1.04 |
| FSS Federal Signal Corp. | Reduce -35.0% | 2.63% | −1.03 |
| ORA Ormat Technologies Inc. | Reduce -7.3% | 11.24% | −0.98 |
| ACIW Aci Worldwide Inc. | Reduce -29.4% | 3.33% | −0.81 |
| EXP Eagle Materials Inc. | Reduce -24.9% | 1.92% | −0.75 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.58 |
| SII Sprott Inc. | Reduce -27.3% | 1.30% | −0.35 |
| UMBF Umb Financial Corp. | Reduce -23.6% | 3.46% | −0.31 |
| ICFI Icf International Inc. | Sold out | 0.00% | −0.17 |
| OR Osisko Gold Royalties Ltd. | Reduce -16.7% | 1.24% | −0.12 |
| AA Alcoa Corp. | Reduce -12.8% | 2.24% | −0.11 |
| AMN Amn Healthcare Services Inc. | Sold out | 0.00% | −0.05 |
| CCOI Cogent Communications Holdin | Reduce -41.3% | 0.10% | −0.05 |
| PRMB Primo Brands Corp. | Reduce -34.0% | 0.20% | −0.02 |
| LRN Stride Inc. | Reduce -31.8% | 0.20% | −0.02 |
| SANM Sanmina Corp. | Reduce -18.6% | 4.12% | +0.02 |
| CVSA Covista Inc. | Reduce -13.7% | 0.28% | +0.04 |
| RLI Rli Corp. | Reduce -13.1% | 2.75% | +0.09 |
| LMNR Limoneira Co. | Reduce -1.1% | 5.79% | +0.11 |
| WTFC Wintrust Financial Corp. | Reduce -17.8% | 2.69% | +0.14 |
| DNOW Dnow Inc. | Reduce -0.3% | 2.47% | +0.27 |
| EVR Evercore Inc. Class A | Reduce -4.6% | 3.02% | +0.43 |
| GMED Globus Medical Inc. Class A | Reduce -7.4% | 4.92% | +0.80 |
Portfolio Buys Q3 2024 → Q4 2024
| SAM Boston Beer Company Inc. Class A | New | 1.69% | +1.69 |
| GPOR Gulfport Energy Corp. | New | 1.65% | +1.65 |
| VRNT Verint Systems Inc. | Add +39.5% | 3.42% | +1.39 |
| OXM Oxford Industries Inc. | New | 1.20% | +1.20 |
| FPI Farmland Partners Inc. | Add +9.2% | 2.89% | +0.78 |
| CWST Casella Waste Systems Inc. Class A | Add +4.6% | 3.01% | +0.59 |
| RUSHA Rush Enterprises Inc. Class A | Add +2.0% | 3.14% | +0.48 |
| ANIP Ani Pharmaceuticals Inc. | Add +16.4% | 2.51% | +0.43 |
| HP Helmerich & Payne | Add +3.0% | 2.11% | +0.37 |
| THRM Gentherm Inc. | Add +23.8% | 2.27% | +0.35 |
| GXO Gxo Logistics Inc. | Add +21.6% | 2.39% | +0.28 |
| DGII Digi International Inc. | Add +3.7% | 1.29% | +0.28 |
| PRAA Pra Group Inc. | Add +4.3% | 2.87% | +0.23 |
| DIOD Diodes Inc. | Add +4.7% | 1.16% | +0.13 |
| AGM Federal Agric MTG Corp. Class C | Add +22.9% | 0.20% | +0.06 |
| HCSG Healthcare Services Group | New | 0.06% | +0.06 |
| VITL Vital Farms Inc. | Add +19.2% | 0.19% | +0.06 |
| ZWS Zurn Elkay Water Solutions C | Add +5.7% | 0.26% | +0.05 |
| BCPC Balchem Corp. | Add +25.3% | 0.20% | +0.05 |
| CSTE Caesarstone Ltd. | Add +1.0% | 0.94% | +0.05 |
| HAE Haemonetics Corp. | Add +70.6% | 0.10% | +0.04 |
| ENS Enersys | Add +22.6% | 0.23% | +0.04 |
| MWA Mueller Water Products Inc. Class A | Add +5.7% | 0.21% | +0.04 |
| VCEL Vericel Corp. | Add +5.7% | 0.10% | +0.03 |
| VMI Valmont Industries | Add +5.7% | 0.17% | +0.03 |
| PCRX Pacira Biosciences Inc. | Add +5.7% | 0.05% | +0.02 |
| RYN Rayonier Inc. | Add +11.3% | 2.18% | +0.02 |
| OPCH Option Care Health Inc. | Add +38.1% | 0.12% | +0.01 |
| POWI Power Integrations Inc. | Add +5.7% | 0.12% | +0.01 |
| BFAM Bright Horizons Family Solut | Add +5.7% | 0.12% | −0.01 |
| ONT Onterris Inc. | Add +5.7% | 0.10% | −0.02 |
| COLD Americold Realty Trust Inc. | Add +5.7% | 0.18% | −0.02 |
| CLNE Clean Energy Fuels Corp. | Add +3.5% | 1.35% | −0.10 |
| BC Brunswick Corp. | Add +0.5% | 1.13% | −0.18 |
| ATNI Atn International Inc. | Add +15.5% | 1.87% | −0.92 |
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 |