Global Alpha Capital Management Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Global Alpha Capital Management Ltd. reported 56 stock positions worth $1.6 billion. Its top holding was Ormat Technologies (ORA) at 10.8% of the portfolio, followed by Sanmina (SANM, 5.3%) and Umb Financial (UMBF, 4.2%). Compared with Q1 2025, it opened 3 new positions, sold out of 5, added to 37 and reduced 15. The biggest buy was a new position in Genius Sports (GENI) and the biggest sale an exit from Helmerich & Payne (HP).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001584691
- Portfolio Value
- $1.6B (Q2 2025)
- SEC Filing
- 0001584691-25-000010 ↗ filed Aug 7, 2025
Holdings Value
Holdings 56 stocks · $1.6B
| ORA Ormat Technologies Inc. | 10.83% | 2,090,896 | $173.7M | Reduce -7.1% |
| SANM Sanmina Corp. | 5.30% | 868,891 | $85.0M | Add +6.7% |
| UMBF Umb Financial Corp. | 4.23% | 644,644 | $67.8M | Add +26.1% |
| GMED Globus Medical Inc. Class A | 3.88% | 1,055,091 | $62.3M | Add +49.1% |
| CWST Casella Waste Systems Inc. Class A | 3.79% | 526,565 | $60.8M | Add +33.3% |
| FSS Federal Signal Corp. | 3.73% | 562,813 | $59.9M | Add +17.3% |
| GXO Gxo Logistics Inc. | 3.54% | 1,164,730 | $56.7M | Add +42.7% |
| ANIP Ani Pharmaceuticals Inc. | 3.51% | 862,090 | $56.3M | Add +17.2% |
| CW Curtiss-Wright Corp. | 3.16% | 103,897 | $50.8M | Reduce -11.7% |
| LMNR Limoneira Co. | 3.16% | 3,243,281 | $50.8M | Reduce -1.1% |
| VRNT Verint Systems Inc. | 3.03% | 2,468,603 | $48.6M | Add +41.0% |
| DIOD Diodes Inc. | 2.79% | 846,070 | $44.7M | Add +56.9% |
| EVR Evercore Inc. Class A | 2.75% | 163,335 | $44.1M | Reduce -14.7% |
| GENI Genius Sports Ltd. | 2.72% | 4,195,800 | $43.6M | New |
| RUSHA Rush Enterprises Inc. Class A | 2.71% | 843,890 | $43.5M | Add +4.5% |
| ACIW Aci Worldwide Inc. | 2.69% | 939,769 | $43.1M | Add +4.9% |
| RLI Rli Corp. | 2.46% | 546,886 | $39.5M | Add +4.5% |
| SII Sprott Inc. | 2.38% | 552,108 | $38.2M | Reduce -8.3% |
| WTFC Wintrust Financial Corp. | 2.38% | 307,313 | $38.1M | Add +4.6% |
| RYN Rayonier Inc. | 2.35% | 1,700,299 | $37.7M | Add +22.1% |
| FPI Farmland Partners Inc. | 2.31% | 3,213,682 | $37.0M | Reduce -7.3% |
| RDNT Radnet Inc. | 2.23% | 627,558 | $35.7M | Add +13.1% |
| GPOR Gulfport Energy Corp. | 2.05% | 163,160 | $32.8M | Add +4.5% |
| THRM Gentherm Inc. | 1.96% | 1,109,383 | $31.4M | Add +23.5% |
| PRAA Pra Group Inc. | 1.94% | 2,111,800 | $31.1M | Add +4.6% |
| EXP Eagle Materials Inc. | 1.94% | 154,083 | $31.1M | Add +11.4% |
| DNOW Dnow Inc. | 1.88% | 2,036,226 | $30.2M | Reduce -10.1% |
| AA Alcoa Corp. | 1.81% | 985,871 | $29.1M | Add +6.5% |
| AWI Armstrong World Industries | 1.73% | 170,990 | $27.8M | Add +13.1% |
| ATNI Atn International Inc. | 1.60% | 1,583,798 | $25.7M | Reduce -1.1% |
| SAM Boston Beer Company Inc. Class A | 1.35% | 113,804 | $21.7M | Add +42.7% |
| GNTX Gentex Corp. | 1.20% | 878,500 | $19.3M | New |
| DGII Digi International Inc. | 1.13% | 519,950 | $18.1M | Add +4.6% |
| CLNE Clean Energy Fuels Corp. | 1.06% | 8,744,065 | $17.1M | Reduce -10.3% |
| BC Brunswick Corp. | 0.94% | 272,028 | $15.0M | Add +26.6% |
| CSTE Caesarstone Ltd. | 0.37% | 3,007,194 | $5.9M | Reduce -4.0% |
| CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC | 0.26% | 33,151 | $4.2M | Reduce -0.3% |
| ZWS Zurn Elkay Water Solutions C | 0.25% | 109,342 | $4.0M | Add +11.9% |
| POWI Power Integrations Inc. | 0.23% | 67,137 | $3.8M | Add +119.8% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.22% | 162,982 | $3.6M | Add +46.2% |
| LRN Stride Inc. | 0.21% | 23,014 | $3.3M | Add +4.8% |
| ENS Enersys | 0.20% | 36,951 | $3.2M | Add +9.0% |
| VMI Valmont Industries | 0.19% | 9,398 | $3.1M | Add +22.0% |
| PRMB Primo Brands Corp. | 0.19% | 103,229 | $3.1M | Add +8.6% |
| AGM Federal Agric MTG Corp. Class C | 0.18% | 15,107 | $2.9M | No change |
| BCPC Balchem Corp. | 0.18% | 18,059 | $2.9M | Add +5.5% |
| VCEL Vericel Corp. | 0.14% | 52,983 | $2.3M | Add +11.9% |
| MWA Mueller Water Products Inc. Class A | 0.14% | 93,249 | $2.2M | Reduce -16.8% |
| HAE Haemonetics Corp. | 0.13% | 27,453 | $2.0M | Reduce -0.4% |
| LMB Limbach Holdings Inc. | 0.12% | 14,207 | $2.0M | Add +9.7% |
| PCRX Pacira Biosciences Inc. | 0.12% | 79,460 | $1.9M | Add +39.2% |
| BFAM Bright Horizons Family Solut | 0.09% | 12,193 | $1.5M | Reduce -18.9% |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 0.08% | 24,419 | $1.3M | New |
| COLD Americold Realty Trust Inc. | 0.08% | 74,037 | $1.2M | Reduce -43.4% |
| CCOI Cogent Communications Holdin | 0.07% | 22,886 | $1.1M | Add +31.1% |
| WNS WNS Holdings Ltd. filed as WNS HLDGS LTD | 0.02% | 4,030 | $255K | Add +14.2% |
Portfolio Sells Q1 2025 → Q2 2025
| HP Helmerich & Payne | Sold out | 0.00% | −1.39 |
| OXM Oxford Industries Inc. | Sold out | 0.00% | −1.23 |
| LMNR Limoneira Co. | Reduce -1.1% | 3.16% | −1.06 |
| DNOW Dnow Inc. | Reduce -10.1% | 1.88% | −0.93 |
| ATNI Atn International Inc. | Reduce -1.1% | 1.60% | −0.76 |
| ORA Ormat Technologies Inc. | Reduce -7.1% | 10.83% | −0.70 |
| OR Osisko Gold Royalties Ltd. | Sold out | 0.00% | −0.61 |
| FPI Farmland Partners Inc. | Reduce -7.3% | 2.31% | −0.51 |
| CSTE Caesarstone Ltd. | Reduce -4.0% | 0.37% | −0.18 |
| OPCH Option Care Health Inc. | Sold out | 0.00% | −0.15 |
| COLD Americold Realty Trust Inc. | Reduce -43.4% | 0.08% | −0.13 |
| MWA Mueller Water Products Inc. Class A | Reduce -16.8% | 0.14% | −0.07 |
| SEDG Solaredge Technologies Inc. | Sold out | 0.00% | −0.05 |
| BFAM Bright Horizons Family Solut | Reduce -18.9% | 0.09% | −0.04 |
| CLNE Clean Energy Fuels Corp. | Reduce -10.3% | 1.06% | −0.04 |
| EVR Evercore Inc. Class A | Reduce -14.7% | 2.75% | −0.03 |
| HAE Haemonetics Corp. | Reduce -0.4% | 0.13% | +0.00 |
| CVSA Covista Inc. | Reduce -0.3% | 0.26% | +0.02 |
| SII Sprott Inc. | Reduce -8.3% | 2.38% | +0.42 |
| CW Curtiss-Wright Corp. | Reduce -11.7% | 3.16% | +0.45 |
Portfolio Buys Q1 2025 → Q2 2025
| GENI Genius Sports Ltd. | New | 2.72% | +2.72 |
| GXO Gxo Logistics Inc. | Add +42.7% | 3.54% | +1.21 |
| GNTX Gentex Corp. | New | 1.20% | +1.20 |
| FSS Federal Signal Corp. | Add +17.3% | 3.73% | +1.17 |
| DIOD Diodes Inc. | Add +56.9% | 2.79% | +1.10 |
| SANM Sanmina Corp. | Add +6.7% | 5.30% | +0.78 |
| VRNT Verint Systems Inc. | Add +41.0% | 3.03% | +0.75 |
| CWST Casella Waste Systems Inc. Class A | Add +33.3% | 3.79% | +0.58 |
| UMBF Umb Financial Corp. | Add +26.1% | 4.23% | +0.46 |
| RDNT Radnet Inc. | Add +13.1% | 2.23% | +0.22 |
| THRM Gentherm Inc. | Add +23.5% | 1.96% | +0.21 |
| AWI Armstrong World Industries | Add +13.1% | 1.73% | +0.18 |
| DGII Digi International Inc. | Add +4.6% | 1.13% | +0.12 |
| POWI Power Integrations Inc. | Add +119.8% | 0.23% | +0.12 |
| GMED Globus Medical Inc. Class A | Add +49.1% | 3.88% | +0.11 |
| ONT Onterris Inc. | Add +46.2% | 0.22% | +0.11 |
| BC Brunswick Corp. | Add +26.6% | 0.94% | +0.09 |
| NXT Nextpower Inc. | New | 0.08% | +0.08 |
| LMB Limbach Holdings Inc. | Add +9.7% | 0.12% | +0.05 |
| VMI Valmont Industries | Add +22.0% | 0.19% | +0.03 |
| PCRX Pacira Biosciences Inc. | Add +39.2% | 0.12% | +0.02 |
| ZWS Zurn Elkay Water Solutions C | Add +11.9% | 0.25% | +0.01 |
| LRN Stride Inc. | Add +4.8% | 0.21% | +0.01 |
| WNS WNS Holdings Ltd. | Add +14.2% | 0.02% | +0.00 |
| CCOI Cogent Communications Holdin | Add +31.1% | 0.07% | −0.01 |
| VCEL Vericel Corp. | Add +11.9% | 0.14% | −0.01 |
| BCPC Balchem Corp. | Add +5.5% | 0.18% | −0.03 |
| ENS Enersys | Add +9.0% | 0.20% | −0.03 |
| WTFC Wintrust Financial Corp. | Add +4.6% | 2.38% | −0.03 |
| SAM Boston Beer Company Inc. Class A | Add +42.7% | 1.35% | −0.03 |
| GPOR Gulfport Energy Corp. | Add +4.5% | 2.05% | −0.05 |
| PRMB Primo Brands Corp. | Add +8.6% | 0.19% | −0.06 |
| ANIP Ani Pharmaceuticals Inc. | Add +17.2% | 3.51% | −0.08 |
| AA Alcoa Corp. | Add +6.5% | 1.81% | −0.24 |
| EXP Eagle Materials Inc. | Add +11.4% | 1.94% | −0.29 |
| RUSHA Rush Enterprises Inc. Class A | Add +4.5% | 2.71% | −0.43 |
| RYN Rayonier Inc. | Add +22.1% | 2.35% | −0.47 |
| RLI Rli Corp. | Add +4.5% | 2.46% | −0.60 |
| ACIW Aci Worldwide Inc. | Add +4.9% | 2.69% | −0.88 |
| PRAA Pra Group Inc. | Add +4.6% | 1.94% | −1.09 |
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 |