North Growth Management Ltd.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 28, 2025), North Growth Management Ltd. reported 46 stock positions worth $527.1 million. Its top holding was Jabil (JBL) at 7.8% of the portfolio, followed by Ciena (CIEN, 7.4%) and Coherent (COHR, 4.9%). Compared with Q3 2024, it sold out of 2, added to 4 and reduced 34. The biggest buy was Nike Class B (NKE, shares +231%) and the biggest sale Applied Materials (AMAT, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- VANCOUVER, A1
- CIK
- 0001745796
- Portfolio Value
- $527.1M (Q4 2024)
- SEC Filing
- 0001745796-25-000001 ↗ filed Jan 28, 2025
Holdings Value
Holdings 46 stocks · $527.1M
| JBL Jabil Inc. | 7.75% | 284,000 | $40.9M | Reduce -1.7% |
| CIEN Ciena Corp. | 7.38% | 458,000 | $38.9M | Reduce -13.8% |
| COHR Coherent Corp. | 4.88% | 272,000 | $25.7M | Reduce -1.8% |
| AMAT Applied Materials Inc. | 4.47% | 145,000 | $23.5M | Reduce -11.6% |
| MSI Motorola Solutions Inc. | 4.40% | 50,000 | $23.2M | Reduce -12.3% |
| EAT Brinker International Inc. | 4.37% | 174,000 | $23.0M | Reduce -18.3% |
| LITE Lumentum Holdings Inc. | 3.43% | 216,000 | $18.1M | Reduce -1.4% |
| BKNG Booking Holdings Inc. | 3.18% | 3,000 | $16.8M | No change |
| HPQ HP Inc. | 2.92% | 472,000 | $15.4M | Reduce -1.7% |
| TPR Tapestry Inc. | 2.86% | 230,000 | $15.0M | Reduce -20.7% |
| SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC | 2.71% | 252,000 | $14.3M | Reduce -1.6% |
| NVDA Nvidia Corp. | 2.52% | 99,000 | $13.3M | Reduce -2.0% |
| QCOM Qualcomm Inc. | 2.47% | 85,000 | $13.0M | Reduce -1.2% |
| ITGR Integer Holdings Corp. | 2.44% | 97,000 | $12.9M | Reduce -2.0% |
| JCI Johnson Controls Internation | 2.36% | 158,000 | $12.4M | Reduce -1.3% |
| J Jacobs Solutions Inc. | 2.31% | 91,000 | $12.2M | Reduce -2.1% |
| ANF Abercrombie & Fitch Co. Class A | 2.27% | 80,000 | $12.0M | Reduce -2.4% |
| GPN Global Payments Inc. | 2.22% | 105,000 | $11.7M | Reduce -0.9% |
| NVR NVR Inc. | 2.18% | 1,000 | $11.5M | No change |
| WBD Warner Bros Discovery Inc. | 2.05% | 1,024,000 | $10.8M | Reduce -1.7% |
| TXN Texas Instruments Inc. | 2.04% | 57,000 | $10.8M | Reduce -1.7% |
| ELV Elevance Health Inc. | 1.94% | 28,000 | $10.2M | No change |
| INMD Inmode Ltd. | 1.85% | 584,000 | $9.8M | Reduce -1.9% |
| FDX FedEx Corp. | 1.79% | 33,000 | $9.4M | Reduce -13.2% |
| CROX Crocs Inc. | 1.77% | 85,000 | $9.3M | Reduce -2.3% |
| AAPL Apple Inc. | 1.76% | 37,000 | $9.3M | Reduce -15.9% |
| EA Electronic Arts Inc. | 1.71% | 62,000 | $9.0M | Reduce -1.6% |
| ULTA Ulta Beauty Inc. | 1.65% | 20,000 | $8.7M | No change |
| MSFT Microsoft Corp. | 1.64% | 21,000 | $8.6M | Reduce -12.5% |
| WTS Watts Water Technologies-A | 1.54% | 40,000 | $8.1M | Reduce -2.4% |
| FBIN Fortune Brands Innovations I | 1.46% | 113,000 | $7.7M | Reduce -1.7% |
| TMO Thermo Fisher Scientific Inc. | 1.38% | 14,000 | $7.3M | No change |
| CRL Charles River Laboratories | 1.36% | 39,000 | $7.2M | Add +18.2% |
| ALGN Align Technology Inc. | 1.28% | 32,000 | $6.8M | Reduce -3.0% |
| URI United Rentals Inc. | 1.14% | 9,000 | $6.0M | No change |
| WST West Pharmaceutical Services | 1.13% | 18,000 | $6.0M | Reduce -5.3% |
| ARHS Arhaus Inc. | 0.97% | 544,000 | $5.1M | Reduce -1.6% |
| ODFL Old Dominion Freight Line | 0.87% | 26,000 | $4.6M | Reduce -23.5% |
| NKE Nike Inc. Class B | 0.77% | 53,000 | $4.0M | Add +231.3% |
| ATKR Atkore Inc. | 0.59% | 37,000 | $3.1M | Reduce -42.2% |
| BIIB Biogen Inc. | 0.52% | 18,000 | $2.7M | Add +63.6% |
| FSLR First Solar Inc. | 0.50% | 15,000 | $2.6M | Add +50.0% |
| MBC Masterbrand Inc. | 0.49% | 177,000 | $2.6M | Reduce -1.7% |
| AMTM Amentum Holdings Inc. | 0.36% | 91,000 | $1.9M | Reduce -2.1% |
| ZYME Zymeworks Inc. | 0.27% | 97,000 | $1.4M | No change |
| LULU Lululemon Athletica Inc. | 0.05% | 1,000 | $275K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| AMAT Applied Materials Inc. | Reduce -11.6% | 4.47% | −1.69 |
| CROX Crocs Inc. | Reduce -2.3% | 1.77% | −0.57 |
| FBIN Fortune Brands Innovations I | Reduce -1.7% | 1.46% | −0.45 |
| ATKR Atkore Inc. | Reduce -42.2% | 0.59% | −0.42 |
| ODFL Old Dominion Freight Line | Reduce -23.5% | 0.87% | −0.41 |
| MSI Motorola Solutions Inc. | Reduce -12.3% | 4.40% | −0.37 |
| AXONICS INC | Sold out | 0.00% | −0.33 |
| MSFT Microsoft Corp. | Reduce -12.5% | 1.64% | −0.32 |
| ARHS Arhaus Inc. | Reduce -1.6% | 0.97% | −0.30 |
| HPQ HP Inc. | Reduce -1.7% | 2.92% | −0.29 |
| ALGN Align Technology Inc. | Reduce -3.0% | 1.28% | −0.28 |
| QCOM Qualcomm Inc. | Reduce -1.2% | 2.47% | −0.26 |
| TXN Texas Instruments Inc. | Reduce -1.7% | 2.04% | −0.21 |
| AMTM Amentum Holdings Inc. | Reduce -2.1% | 0.36% | −0.19 |
| AAPL Apple Inc. | Reduce -15.9% | 1.76% | −0.16 |
| FDX FedEx Corp. | Reduce -13.2% | 1.79% | −0.15 |
| MBC Masterbrand Inc. | Reduce -1.7% | 0.49% | −0.13 |
| CSIQ Canadian Solar Inc. | Sold out | 0.00% | −0.08 |
| WTS Watts Water Technologies-A | Reduce -2.4% | 1.54% | −0.03 |
| INMD Inmode Ltd. | Reduce -1.9% | 1.85% | −0.03 |
| EA Electronic Arts Inc. | Reduce -1.6% | 1.71% | +0.04 |
| JCI Johnson Controls Internation | Reduce -1.3% | 2.36% | +0.04 |
| ITGR Integer Holdings Corp. | Reduce -2.0% | 2.44% | +0.05 |
| J Jacobs Solutions Inc. | Reduce -2.1% | 2.31% | +0.05 |
| WST West Pharmaceutical Services | Reduce -5.3% | 1.13% | +0.10 |
| SGI Somnigroup International Inc. | Reduce -1.6% | 2.71% | +0.10 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -2.4% | 2.27% | +0.15 |
| GPN Global Payments Inc. | Reduce -0.9% | 2.22% | +0.19 |
| NVDA Nvidia Corp. | Reduce -2.0% | 2.52% | +0.24 |
| COHR Coherent Corp. | Reduce -1.8% | 4.88% | +0.30 |
| TPR Tapestry Inc. | Reduce -20.7% | 2.86% | +0.32 |
| WBD Warner Bros Discovery Inc. | Reduce -1.7% | 2.05% | +0.45 |
| LITE Lumentum Holdings Inc. | Reduce -1.4% | 3.43% | +0.84 |
| CIEN Ciena Corp. | Reduce -13.8% | 7.38% | +1.29 |
| JBL Jabil Inc. | Reduce -1.7% | 7.75% | +1.30 |
| EAT Brinker International Inc. | Reduce -18.3% | 4.37% | +1.34 |
Portfolio Buys Q3 2024 → Q4 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 |