North Growth Management Ltd.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 30, 2024), North Growth Management Ltd. reported 46 stock positions worth $523.7 million. Its top holding was Jabil (JBL) at 7.4% of the portfolio, followed by Applied Materials (AMAT, 6.4%) and Ciena (CIEN, 5.0%). Compared with Q4 2023, it added to 6 and reduced 25. The biggest buy was Crocs (CROX, shares +25%) and the biggest sale Solaredge Technologies (SEDG, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- VANCOUVER, A1
- CIK
- 0001745796
- Portfolio Value
- $523.7M (Q1 2024)
- SEC Filing
- 0001745796-24-000002 ↗ filed Apr 30, 2024
Holdings Value
Holdings 46 stocks · $523.7M
| JBL Jabil Inc. | 7.36% | 288,000 | $38.6M | Add +5.5% |
| AMAT Applied Materials Inc. | 6.41% | 163,000 | $33.6M | Reduce -0.6% |
| CIEN Ciena Corp. | 4.99% | 528,000 | $26.1M | Reduce -0.8% |
| COHR Coherent Corp. | 4.02% | 348,000 | $21.1M | Reduce -11.4% |
| MSI Motorola Solutions Inc. | 3.84% | 57,000 | $20.1M | No change |
| QCOM Qualcomm Inc. | 3.82% | 118,000 | $20.0M | Reduce -0.8% |
| NVDA Nvidia Corp. | 3.25% | 19,000 | $17.0M | Reduce -17.4% |
| ELV Elevance Health Inc. | 2.77% | 28,000 | $14.5M | No change |
| SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC | 2.76% | 255,000 | $14.5M | Reduce -0.8% |
| HPQ HP Inc. | 2.76% | 478,000 | $14.4M | Reduce -0.8% |
| J Jacobs Solutions Inc. | 2.71% | 92,000 | $14.2M | Reduce -1.1% |
| GPN Global Payments Inc. | 2.70% | 106,000 | $14.1M | Reduce -0.9% |
| TPR Tapestry Inc. | 2.62% | 288,000 | $13.7M | Reduce -1.0% |
| NVR NVR Inc. | 2.39% | 2,000 | $12.5M | No change |
| BKNG Booking Holdings Inc. | 2.37% | 3,000 | $12.4M | No change |
| CROX Crocs Inc. | 2.37% | 86,000 | $12.4M | Add +24.6% |
| ANF Abercrombie & Fitch Co. Class A | 2.29% | 96,000 | $12.0M | Reduce -25.6% |
| INMD Inmode Ltd. | 2.19% | 530,000 | $11.5M | Reduce -0.8% |
| FDX FedEx Corp. | 2.09% | 38,000 | $11.0M | No change |
| ALGN Align Technology Inc. | 2.06% | 33,000 | $10.8M | No change |
| ITGR Integer Holdings Corp. | 2.04% | 92,000 | $10.7M | No change |
| EAT Brinker International Inc. | 2.01% | 211,000 | $10.5M | Reduce -0.9% |
| JCI Johnson Controls Internation | 1.99% | 160,000 | $10.4M | Reduce -0.6% |
| LITE Lumentum Holdings Inc. | 1.97% | 218,000 | $10.3M | Add +10.1% |
| MSFT Microsoft Corp. | 1.96% | 24,000 | $10.2M | Reduce -4.0% |
| FBIN Fortune Brands Innovations I | 1.85% | 114,000 | $9.7M | Reduce -0.9% |
| CRL Charles River Laboratories | 1.69% | 33,000 | $8.8M | Reduce -10.8% |
| TXN Texas Instruments Inc. | 1.63% | 49,000 | $8.5M | No change |
| EA Electronic Arts Inc. | 1.58% | 63,000 | $8.3M | No change |
| TMO Thermo Fisher Scientific Inc. | 1.58% | 14,000 | $8.3M | Reduce -12.5% |
| WTS Watts Water Technologies-A | 1.44% | 35,000 | $7.5M | Reduce -2.8% |
| AAPL Apple Inc. | 1.44% | 44,000 | $7.5M | No change |
| ARHS Arhaus Inc. | 1.41% | 480,000 | $7.4M | Reduce -0.8% |
| ATKR Atkore Inc. | 1.40% | 38,000 | $7.3M | Add +5.6% |
| RH RH | 1.29% | 19,000 | $6.7M | Reduce -5.0% |
| ODFL Old Dominion Freight Line | 1.26% | 30,000 | $6.6M | No change |
| WBD Warner Bros Discovery Inc. | 1.23% | 740,000 | $6.5M | Add +13.0% |
| URI United Rentals Inc. | 1.19% | 9,000 | $6.2M | Reduce -18.2% |
| ULTA Ulta Beauty Inc. | 1.19% | 12,000 | $6.2M | No change |
| WST West Pharmaceutical Services | 1.18% | 16,000 | $6.2M | Add +33.3% |
| SEDG Solaredge Technologies Inc. | 1.09% | 80,000 | $5.7M | Reduce -1.2% |
| MBC Masterbrand Inc. | 0.64% | 179,000 | $3.4M | Reduce -1.1% |
| BIIB Biogen Inc. | 0.47% | 11,000 | $2.4M | No change |
| AXONICS INC | 0.33% | 25,000 | $1.8M | Reduce -3.9% |
| ZYME Zymeworks Inc. | 0.19% | 97,000 | $1.0M | No change |
| CSIQ Canadian Solar Inc. | 0.19% | 51,000 | $1.0M | No change |
Lines left out (1) · $131 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| LULU Lululemon Athletica Inc. | COM | 0 | $131 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $523.7M.
Portfolio Sells Q4 2023 → Q1 2024
| SEDG Solaredge Technologies Inc. | Reduce -1.2% | 1.09% | −0.53 |
| INMD Inmode Ltd. | Reduce -0.8% | 2.19% | −0.35 |
| HPQ HP Inc. | Reduce -0.8% | 2.76% | −0.34 |
| TMO Thermo Fisher Scientific Inc. | Reduce -12.5% | 1.58% | −0.26 |
| URI United Rentals Inc. | Reduce -18.2% | 1.19% | −0.20 |
| GPN Global Payments Inc. | Reduce -0.9% | 2.70% | −0.19 |
| CRL Charles River Laboratories | Reduce -10.8% | 1.69% | −0.18 |
| WTS Watts Water Technologies-A | Reduce -2.8% | 1.44% | −0.15 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -25.6% | 2.29% | −0.13 |
| CIEN Ciena Corp. | Reduce -0.8% | 4.99% | −0.13 |
| SGI Somnigroup International Inc. | Reduce -0.8% | 2.76% | −0.03 |
| FBIN Fortune Brands Innovations I | Reduce -0.9% | 1.85% | −0.02 |
| MSFT Microsoft Corp. | Reduce -4.0% | 1.96% | −0.01 |
| AXONICS INC | Reduce -3.9% | 0.33% | −0.01 |
| JCI Johnson Controls Internation | Reduce -0.6% | 1.99% | +0.01 |
| EAT Brinker International Inc. | Reduce -0.9% | 2.01% | +0.04 |
| MBC Masterbrand Inc. | Reduce -1.1% | 0.64% | +0.07 |
| RH RH | Reduce -5.0% | 1.29% | +0.07 |
| J Jacobs Solutions Inc. | Reduce -1.1% | 2.71% | +0.13 |
| QCOM Qualcomm Inc. | Reduce -0.8% | 3.82% | +0.14 |
| ARHS Arhaus Inc. | Reduce -0.8% | 1.41% | +0.19 |
| TPR Tapestry Inc. | Reduce -1.0% | 2.62% | +0.33 |
| COHR Coherent Corp. | Reduce -11.4% | 4.02% | +0.38 |
| AMAT Applied Materials Inc. | Reduce -0.6% | 6.41% | +0.74 |
| NVDA Nvidia Corp. | Reduce -17.4% | 3.25% | +0.82 |
Portfolio Buys Q4 2023 → Q1 2024
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 |