North Growth Management Ltd.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 22, 2026), North Growth Management Ltd. reported 48 stock positions worth $780.2 million. Its top holding was Applied Materials (AMAT) at 8.4% of the portfolio, followed by Jabil (JBL, 7.4%) and Ciena (CIEN, 7.1%). Compared with Q1 2026, it opened 1 new position, sold out of 1, added to 27 and reduced 10. The biggest buy was a new position in Moody's (MCO) and the biggest sale Ciena (CIEN, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- VANCOUVER, A1
- CIK
- 0001745796
- Portfolio Value
- $780.2M (Q2 2026)
- SEC Filing
- 0001745796-26-000004 ↗ filed Jul 22, 2026
Holdings Value
Holdings 48 stocks · $780.2M
| AMAT Applied Materials Inc. | 8.43% | 91,000 | $65.8M | Reduce -18.0% |
| JBL Jabil Inc. | 7.42% | 150,000 | $57.9M | Reduce -15.3% |
| CIEN Ciena Corp. | 7.11% | 113,000 | $55.5M | Reduce -28.0% |
| LITE Lumentum Holdings Inc. | 5.81% | 53,000 | $45.3M | No change |
| COHR Coherent Corp. | 4.86% | 96,000 | $37.9M | Reduce -15.8% |
| EAT Brinker International Inc. | 3.09% | 144,000 | $24.1M | Add +1.4% |
| MSI Motorola Solutions Inc. | 3.06% | 58,000 | $23.9M | Add +11.5% |
| WST West Pharmaceutical Services | 2.88% | 62,000 | $22.4M | No change |
| JCI Johnson Controls Internation | 2.85% | 152,000 | $22.2M | Add +0.7% |
| TPR Tapestry Inc. | 2.84% | 151,000 | $22.2M | Add +9.4% |
| TXN Texas Instruments Inc. | 2.73% | 71,000 | $21.3M | Reduce -4.0% |
| NVDA Nvidia Corp. | 2.41% | 94,000 | $18.8M | Add +1.1% |
| WTS Watts Water Technologies-A | 2.35% | 47,000 | $18.4M | No change |
| HPQ HP Inc. | 2.35% | 835,000 | $18.3M | Add +0.7% |
| IQV Iqvia Holdings Inc. | 2.19% | 89,000 | $17.1M | Add +17.1% |
| BKNG Booking Holdings Inc. | 2.11% | 92,000 | $16.5M | Reduce -8.0% |
| TMO Thermo Fisher Scientific Inc. | 2.06% | 32,000 | $16.0M | Add +18.5% |
| SGI Somnigroup International Inc. | 2.05% | 204,000 | $16.0M | Add +1.0% |
| ITGR Integer Holdings Corp. | 1.92% | 161,000 | $15.0M | Add +1.3% |
| CROX Crocs Inc. | 1.91% | 124,000 | $14.9M | Add +0.8% |
| GPN Global Payments Inc. | 1.91% | 205,000 | $14.9M | Add +15.2% |
| URI United Rentals Inc. | 1.83% | 13,000 | $14.3M | Reduce -7.1% |
| WBD Warner Bros Discovery Inc. | 1.77% | 517,000 | $13.8M | Add +0.8% |
| AAPL Apple Inc. | 1.71% | 46,000 | $13.4M | Add +12.2% |
| ADBE Adobe Inc. | 1.61% | 61,000 | $12.6M | Add +60.5% |
| ELV Elevance Health Inc. | 1.48% | 30,000 | $11.5M | Add +15.4% |
| ANF Abercrombie & Fitch Co. Class A | 1.42% | 123,000 | $11.1M | Add +0.8% |
| NVR NVR Inc. | 1.40% | 2,000 | $10.9M | No change |
| BIIB Biogen Inc. | 1.39% | 50,000 | $10.8M | Add +42.9% |
| AZO AutoZone Inc. | 1.36% | 3,000 | $10.6M | No change |
| J Jacobs Solutions Inc. | 1.32% | 82,000 | $10.3M | Add +1.2% |
| ULTA Ulta Beauty Inc. | 1.22% | 21,000 | $9.6M | No change |
| ALGN Align Technology Inc. | 1.21% | 56,000 | $9.4M | Add +21.7% |
| ODFL Old Dominion Freight Line | 1.17% | 42,000 | $9.1M | Add +23.5% |
| MCO Moody's Corp. | 1.04% | 18,000 | $8.1M | New |
| NKE Nike Inc. Class B | 0.94% | 179,000 | $7.3M | Add +33.6% |
| EA Electronic Arts Inc. | 0.93% | 36,000 | $7.3M | Add +2.9% |
| MSFT Microsoft Corp. | 0.93% | 19,000 | $7.3M | No change |
| ARHS Arhaus Inc. | 0.88% | 816,000 | $6.9M | Add +0.7% |
| FBIN Fortune Brands Innovations I | 0.87% | 123,000 | $6.8M | Add +0.8% |
| QCOM Qualcomm Inc. | 0.77% | 32,000 | $6.0M | Reduce -28.9% |
| FDX FedEx Corp. | 0.60% | 15,000 | $4.7M | Reduce -21.1% |
| MBC Masterbrand Inc. | 0.57% | 433,000 | $4.5M | Add +0.7% |
| FSLR First Solar Inc. | 0.47% | 15,000 | $3.6M | No change |
| AMTM Amentum Holdings Inc. | 0.46% | 173,000 | $3.6M | Add +0.6% |
| ZYME Zymeworks Inc. | 0.15% | 46,000 | $1.2M | No change |
| FDXF FedEx Freight Holding Co. | 0.14% | 7,000 | $1.1M | Reduce -26.3% |
| LULU Lululemon Athletica Inc. | 0.02% | 1,000 | $154K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| CIEN Ciena Corp. | Reduce -28.0% | 7.11% | −2.23 |
| INMD Inmode Ltd. | Sold out | 0.00% | −1.42 |
| FDX FedEx Corp. | Reduce -21.1% | 0.60% | −0.42 |
| BKNG Booking Holdings Inc. | Reduce -8.0% | 2.11% | −0.25 |
| QCOM Qualcomm Inc. | Reduce -28.9% | 0.77% | −0.12 |
| FDXF FedEx Freight Holding Co. | Reduce -26.3% | 0.14% | −0.09 |
| JBL Jabil Inc. | Reduce -15.3% | 7.42% | +0.22 |
| URI United Rentals Inc. | Reduce -7.1% | 1.83% | +0.30 |
| TXN Texas Instruments Inc. | Reduce -4.0% | 2.73% | +0.52 |
| COHR Coherent Corp. | Reduce -15.8% | 4.86% | +0.71 |
| AMAT Applied Materials Inc. | Reduce -18.0% | 8.43% | +2.60 |
Portfolio Buys Q1 2026 → Q2 2026
| MCO Moody's Corp. | New | 1.04% | +1.04 |
| BIIB Biogen Inc. | Add +42.9% | 1.39% | +0.41 |
| CROX Crocs Inc. | Add +0.8% | 1.91% | +0.35 |
| ELV Elevance Health Inc. | Add +15.4% | 1.48% | +0.32 |
| IQV Iqvia Holdings Inc. | Add +17.1% | 2.19% | +0.22 |
| ADBE Adobe Inc. | Add +60.5% | 1.61% | +0.19 |
| ODFL Old Dominion Freight Line | Add +23.5% | 1.17% | +0.16 |
| FBIN Fortune Brands Innovations I | Add +0.8% | 0.87% | +0.14 |
| AAPL Apple Inc. | Add +12.2% | 1.71% | +0.13 |
| GPN Global Payments Inc. | Add +15.2% | 1.91% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +18.5% | 2.06% | +0.05 |
| ARHS Arhaus Inc. | Add +0.7% | 0.88% | +0.04 |
| MBC Masterbrand Inc. | Add +0.7% | 0.57% | +0.02 |
| ALGN Align Technology Inc. | Add +21.7% | 1.21% | −0.00 |
| EAT Brinker International Inc. | Add +1.4% | 3.09% | −0.02 |
| NVDA Nvidia Corp. | Add +1.1% | 2.41% | −0.08 |
| HPQ HP Inc. | Add +0.7% | 2.35% | −0.09 |
| TPR Tapestry Inc. | Add +9.4% | 2.84% | −0.13 |
| NKE Nike Inc. Class B | Add +33.6% | 0.94% | −0.14 |
| EA Electronic Arts Inc. | Add +2.9% | 0.93% | −0.17 |
| JCI Johnson Controls Internation | Add +0.7% | 2.85% | −0.18 |
| ITGR Integer Holdings Corp. | Add +1.3% | 1.92% | −0.22 |
| AMTM Amentum Holdings Inc. | Add +0.6% | 0.46% | −0.23 |
| SGI Somnigroup International Inc. | Add +1.0% | 2.05% | −0.24 |
| J Jacobs Solutions Inc. | Add +1.2% | 1.32% | −0.26 |
| ANF Abercrombie & Fitch Co. Class A | Add +0.8% | 1.42% | −0.29 |
| WBD Warner Bros Discovery Inc. | Add +0.8% | 1.77% | −0.39 |
| MSI Motorola Solutions Inc. | Add +11.5% | 3.06% | −0.39 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 48 | $780.2M | AMAT, JBL, CIEN, LITE, COHR |
| Q1 2026 | 47 | $653.3M | CIEN, JBL, AMAT, LITE, COHR |
| Q4 2025 | 47 | $639.3M | CIEN, JBL, LITE, AMAT, COHR |
| Q3 2025 | 47 | $574.3M | CIEN, JBL, AMAT, LITE, MSI |
| Q2 2025 | 47 | $532.9M | JBL, CIEN, AMAT, EAT, COHR |
| Q1 2025 | 47 | $473.7M | JBL, CIEN, MSI, EAT, AMAT |
| Q4 2024 | 46 | $527.1M | JBL, CIEN, COHR, AMAT, MSI |
| Q3 2024 | 48 | $537.1M | JBL, AMAT, CIEN, MSI, COHR |
| Q2 2024 | 45 | $506.1M | AMAT, JBL, CIEN, COHR, MSI |
| Q1 2024 | 46 | $523.7M | JBL, AMAT, CIEN, COHR, MSI |