Global Alpha Capital Management Ltd.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Global Alpha Capital Management Ltd. reported 54 stock positions worth $1.7 billion. Its top holding was Ormat Technologies (ORA) at 12.0% of the portfolio, followed by Sanmina (SANM, 4.7%) and Umb Financial (UMBF, 4.5%). Compared with Q4 2025, it opened 2 new positions, sold out of 4, added to 26 and reduced 23. The biggest buy was a new position in Service Corp. International (SCI) and the biggest sale Ani Pharmaceuticals (ANIP, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001584691
- Portfolio Value
- $1.7B (Q1 2026)
- SEC Filing
- 0001584691-26-000006 ↗ filed May 11, 2026
Holdings Value
Holdings 54 stocks · $1.7B
| ORA Ormat Technologies Inc. | 12.03% | 1,791,348 | $200.0M | Add +4.1% |
| SANM Sanmina Corp. | 4.70% | 602,562 | $78.1M | Add +6.7% |
| UMBF Umb Financial Corp. | 4.47% | 658,982 | $74.3M | Add +4.2% |
| GMED Globus Medical Inc. Class A | 3.60% | 694,444 | $59.8M | Add +4.2% |
| DIOD Diodes Inc. | 3.44% | 837,654 | $57.2M | Reduce -2.0% |
| RUSHA Rush Enterprises Inc. Class A | 2.92% | 734,197 | $48.5M | Reduce -27.5% |
| GXO Gxo Logistics Inc. | 2.90% | 929,510 | $48.2M | Add +6.0% |
| AA Alcoa Corp. | 2.75% | 689,248 | $45.7M | Reduce -34.6% |
| SII Sprott Inc. | 2.69% | 313,478 | $44.7M | Reduce -22.5% |
| RYN Rayonier Inc. | 2.59% | 2,090,294 | $43.1M | Add +26.1% |
| BGSI Boyd Group Services Inc. | 2.50% | 325,560 | $41.6M | Add +1.8% |
| EXP Eagle Materials Inc. | 2.46% | 216,219 | $41.0M | Add +12.2% |
| GPOR Gulfport Energy Corp. | 2.43% | 190,542 | $40.3M | Reduce -0.8% |
| ATNI Atn International Inc. | 2.39% | 1,456,998 | $39.7M | No change |
| LMNR Limoneira Co. | 2.36% | 2,926,267 | $39.3M | Reduce -0.0% |
| ACIW Aci Worldwide Inc. | 2.26% | 915,665 | $37.6M | Add +38.1% |
| RDNT Radnet Inc. | 2.21% | 658,208 | $36.8M | Add +34.8% |
| DNOW Dnow Inc. | 2.15% | 3,007,845 | $35.8M | Add +8.4% |
| FSS Federal Signal Corp. | 2.15% | 330,075 | $35.7M | Reduce -24.3% |
| EVR Evercore Inc. Class A | 2.13% | 118,857 | $35.5M | Reduce -0.7% |
| COLD Americold Realty Trust Inc. | 2.13% | 3,092,577 | $35.4M | Add +26.1% |
| SAM Boston Beer Company Inc. Class A | 2.04% | 147,525 | $34.0M | Add +19.9% |
| PRAA Pra Group Inc. | 2.04% | 1,936,760 | $33.9M | Reduce -1.3% |
| RLI Rli Corp. | 2.02% | 588,483 | $33.6M | Add +35.8% |
| THRM Gentherm Inc. | 1.99% | 1,191,565 | $33.1M | Add +15.6% |
| WTFC Wintrust Financial Corp. | 1.96% | 234,380 | $32.6M | Reduce -0.8% |
| CAE Cae Inc. | 1.89% | 1,206,866 | $31.5M | Add +67.4% |
| AWI Armstrong World Industries | 1.73% | 174,245 | $28.7M | Add +9.3% |
| CVLT Commvault Systems Inc. | 1.73% | 368,471 | $28.7M | Add +161.5% |
| SCI Service Corp. International | 1.73% | 347,647 | $28.7M | New |
| REZI Resideo Technologies Inc. | 1.68% | 826,852 | $27.9M | Add +38.8% |
| ANIP Ani Pharmaceuticals Inc. | 1.67% | 361,240 | $27.8M | Reduce -38.8% |
| BC Brunswick Corp. | 1.64% | 373,581 | $27.2M | Add +13.7% |
| CWST Casella Waste Systems Inc. Class A | 1.56% | 325,827 | $25.9M | Reduce -0.8% |
| DGII Digi International Inc. | 1.39% | 478,774 | $23.1M | Reduce -0.9% |
| KWR Quaker Chemical Corporation | 1.27% | 169,759 | $21.1M | Add +10.3% |
| WRD Weride Inc.-ADR | 1.24% | 2,547,702 | $20.6M | New |
| GENI Genius Sports Ltd. | 1.13% | 4,448,351 | $18.9M | Add +13.7% |
| CLNE Clean Energy Fuels Corp. | 1.06% | 7,126,817 | $17.7M | Add +8.9% |
| EEFT Euronet Worldwide Inc. | 0.94% | 236,225 | $15.7M | Reduce -0.8% |
| ENS Enersys | 0.31% | 29,193 | $5.1M | Add +4.1% |
| NXT Nextpower Inc. | 0.25% | 34,111 | $4.1M | Reduce -7.9% |
| BCPC Balchem Corp. | 0.21% | 20,259 | $3.4M | No change |
| VMI Valmont Industries | 0.20% | 8,365 | $3.3M | Reduce -30.6% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.19% | 142,996 | $3.1M | Reduce -0.3% |
| ZWS Zurn Elkay Water Solutions C | 0.18% | 67,070 | $3.0M | Reduce -0.3% |
| AGM Federal Agric MTG Corp. Class C | 0.15% | 16,810 | $2.5M | Reduce -0.6% |
| CVSA Covista Inc. | 0.14% | 19,544 | $2.3M | Add +10.7% |
| SEDG Solaredge Technologies Inc. | 0.13% | 43,128 | $2.2M | Add +105.4% |
| VCEL Vericel Corp. | 0.10% | 49,958 | $1.6M | Reduce -0.2% |
| MWA Mueller Water Products Inc. Class A | 0.08% | 48,634 | $1.3M | Reduce -47.7% |
| CERT Certara Inc. | 0.06% | 172,205 | $982K | Reduce -0.3% |
| BLKB Blackbaud Inc. | 0.03% | 14,155 | $547K | Reduce -0.7% |
| ATAT Atour Lifestyle Holdings-ADR | 0.01% | 5,570 | $205K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| ANIP Ani Pharmaceuticals Inc. | Reduce -38.8% | 1.67% | −1.17 |
| GNTX Gentex Corp. | Sold out | 0.00% | −1.01 |
| FPI Farmland Partners Inc. | Sold out | 0.00% | −0.88 |
| FSS Federal Signal Corp. | Reduce -24.3% | 2.15% | −0.74 |
| AA Alcoa Corp. | Reduce -34.6% | 2.75% | −0.67 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -27.5% | 2.92% | −0.41 |
| CWST Casella Waste Systems Inc. Class A | Reduce -0.8% | 1.56% | −0.41 |
| EVR Evercore Inc. Class A | Reduce -0.7% | 2.13% | −0.35 |
| EEFT Euronet Worldwide Inc. | Reduce -0.8% | 0.94% | −0.16 |
| PCRX Pacira Biosciences Inc. | Sold out | 0.00% | −0.11 |
| VMI Valmont Industries | Reduce -30.6% | 0.20% | −0.09 |
| PRAA Pra Group Inc. | Reduce -1.3% | 2.04% | −0.08 |
| WTFC Wintrust Financial Corp. | Reduce -0.8% | 1.96% | −0.06 |
| MWA Mueller Water Products Inc. Class A | Reduce -47.7% | 0.08% | −0.05 |
| VITL Vital Farms Inc. | Sold out | 0.00% | −0.04 |
| CERT Certara Inc. | Reduce -0.3% | 0.06% | −0.03 |
| AGM Federal Agric MTG Corp. Class C | Reduce -0.6% | 0.15% | −0.03 |
| ONT Onterris Inc. | Reduce -0.3% | 0.19% | −0.03 |
| BLKB Blackbaud Inc. | Reduce -0.7% | 0.03% | −0.02 |
| VCEL Vericel Corp. | Reduce -0.2% | 0.10% | −0.01 |
| GPOR Gulfport Energy Corp. | Reduce -0.8% | 2.43% | −0.01 |
| ZWS Zurn Elkay Water Solutions C | Reduce -0.3% | 0.18% | −0.01 |
| NXT Nextpower Inc. | Reduce -7.9% | 0.25% | +0.05 |
| LMNR Limoneira Co. | Reduce -0.0% | 2.36% | +0.11 |
| DGII Digi International Inc. | Reduce -0.9% | 1.39% | +0.11 |
| SII Sprott Inc. | Reduce -22.5% | 2.69% | +0.27 |
| DIOD Diodes Inc. | Reduce -2.0% | 3.44% | +0.87 |
Portfolio Buys Q4 2025 → Q1 2026
| SCI Service Corp. International | New | 1.73% | +1.73 |
| WRD Weride Inc.-ADR | New | 1.24% | +1.24 |
| CVLT Commvault Systems Inc. | Add +161.5% | 1.73% | +0.65 |
| SAM Boston Beer Company Inc. Class A | Add +19.9% | 2.04% | +0.58 |
| CAE Cae Inc. | Add +67.4% | 1.89% | +0.56 |
| ORA Ormat Technologies Inc. | Add +4.1% | 12.03% | +0.46 |
| RYN Rayonier Inc. | Add +26.1% | 2.59% | +0.40 |
| REZI Resideo Technologies Inc. | Add +38.8% | 1.68% | +0.40 |
| RLI Rli Corp. | Add +35.8% | 2.02% | +0.33 |
| ACIW Aci Worldwide Inc. | Add +38.1% | 2.26% | +0.33 |
| CLNE Clean Energy Fuels Corp. | Add +8.9% | 1.06% | +0.22 |
| COLD Americold Realty Trust Inc. | Add +26.1% | 2.13% | +0.21 |
| BC Brunswick Corp. | Add +13.7% | 1.64% | +0.15 |
| SEDG Solaredge Technologies Inc. | Add +105.4% | 0.13% | +0.10 |
| RDNT Radnet Inc. | Add +34.8% | 2.21% | +0.09 |
| GXO Gxo Logistics Inc. | Add +6.0% | 2.90% | +0.08 |
| ENS Enersys | Add +4.1% | 0.31% | +0.05 |
| GMED Globus Medical Inc. Class A | Add +4.2% | 3.60% | +0.05 |
| UMBF Umb Financial Corp. | Add +4.2% | 4.47% | +0.03 |
| EXP Eagle Materials Inc. | Add +12.2% | 2.46% | +0.03 |
| CVSA Covista Inc. | Add +10.7% | 0.14% | +0.02 |
| KWR Quaker Chemical Corporation | Add +10.3% | 1.27% | −0.02 |
| DNOW Dnow Inc. | Add +8.4% | 2.15% | −0.09 |
| AWI Armstrong World Industries | Add +9.3% | 1.73% | −0.13 |
| THRM Gentherm Inc. | Add +15.6% | 1.99% | −0.30 |
| SANM Sanmina Corp. | Add +6.7% | 4.70% | −0.47 |
| BGSI Boyd Group Services Inc. | Add +1.8% | 2.50% | −0.61 |
| GENI Genius Sports Ltd. | Add +13.7% | 1.13% | −1.49 |
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 |