North Growth Management Ltd.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 24, 2026), North Growth Management Ltd. reported 47 stock positions worth $653.3 million. Its top holding was Ciena (CIEN) at 9.3% of the portfolio, followed by Jabil (JBL, 7.2%) and Applied Materials (AMAT, 5.8%). Compared with Q4 2025, it opened 1 new position, sold out of 1, added to 29 and reduced 13. The biggest buy was a new position in Adobe (ADBE) and the biggest sale Electronic Arts (EA, shares −52%).
- Most Recent 13F
- Q2 2026
- Location
- VANCOUVER, A1
- CIK
- 0001745796
- Portfolio Value
- $653.3M (Q1 2026)
- SEC Filing
- 0001745796-26-000003 ↗ filed Apr 24, 2026
Holdings Value
Holdings 47 stocks · $653.3M
| CIEN Ciena Corp. | 9.34% | 157,000 | $61.0M | Reduce -36.4% |
| JBL Jabil Inc. | 7.20% | 177,000 | $47.0M | Reduce -13.2% |
| AMAT Applied Materials Inc. | 5.83% | 111,000 | $38.1M | Reduce -16.5% |
| LITE Lumentum Holdings Inc. | 5.75% | 53,000 | $37.6M | Reduce -44.2% |
| COHR Coherent Corp. | 4.15% | 114,000 | $27.1M | Reduce -21.4% |
| MSI Motorola Solutions Inc. | 3.45% | 52,000 | $22.6M | Add +8.3% |
| EAT Brinker International Inc. | 3.11% | 142,000 | $20.3M | Add +1.4% |
| JCI Johnson Controls Internation | 3.03% | 151,000 | $19.8M | Reduce -1.3% |
| TPR Tapestry Inc. | 2.97% | 138,000 | $19.4M | Reduce -6.1% |
| NVDA Nvidia Corp. | 2.49% | 93,000 | $16.2M | Add +12.1% |
| HPQ HP Inc. | 2.44% | 829,000 | $15.9M | Add +74.2% |
| WST West Pharmaceutical Services | 2.38% | 62,000 | $15.6M | Add +59.0% |
| BKNG Booking Holdings Inc. | 2.36% | 4,000 | $15.4M | Add +33.3% |
| SGI Somnigroup International Inc. | 2.29% | 202,000 | $15.0M | Reduce -5.2% |
| TXN Texas Instruments Inc. | 2.21% | 74,000 | $14.4M | Add +1.4% |
| WBD Warner Bros Discovery Inc. | 2.16% | 513,000 | $14.1M | Add +2.0% |
| ITGR Integer Holdings Corp. | 2.15% | 159,000 | $14.0M | Add +23.3% |
| WTS Watts Water Technologies-A | 2.07% | 47,000 | $13.5M | Add +17.5% |
| TMO Thermo Fisher Scientific Inc. | 2.01% | 27,000 | $13.1M | Add +17.4% |
| IQV Iqvia Holdings Inc. | 1.97% | 76,000 | $12.9M | Add +49.0% |
| GPN Global Payments Inc. | 1.84% | 178,000 | $12.0M | Add +16.3% |
| ANF Abercrombie & Fitch Co. Class A | 1.71% | 122,000 | $11.2M | Add +1.7% |
| AZO AutoZone Inc. | 1.71% | 3,000 | $11.2M | No change |
| ULTA Ulta Beauty Inc. | 1.68% | 21,000 | $11.0M | Reduce -8.7% |
| NVR NVR Inc. | 1.60% | 2,000 | $10.5M | Add +100.0% |
| AAPL Apple Inc. | 1.59% | 41,000 | $10.4M | Add +20.6% |
| J Jacobs Solutions Inc. | 1.58% | 81,000 | $10.3M | Reduce -14.7% |
| CROX Crocs Inc. | 1.56% | 123,000 | $10.2M | Add +19.4% |
| URI United Rentals Inc. | 1.52% | 14,000 | $10.0M | Add +27.3% |
| ADBE Adobe Inc. | 1.42% | 38,000 | $9.3M | New |
| INMD Inmode Ltd. | 1.42% | 676,000 | $9.2M | Add +2.1% |
| ALGN Align Technology Inc. | 1.22% | 46,000 | $7.9M | Add +2.2% |
| ELV Elevance Health Inc. | 1.16% | 26,000 | $7.6M | Add +18.2% |
| EA Electronic Arts Inc. | 1.10% | 35,000 | $7.2M | Reduce -52.0% |
| MSFT Microsoft Corp. | 1.10% | 19,000 | $7.2M | No change |
| NKE Nike Inc. Class B | 1.08% | 134,000 | $7.1M | Add +15.5% |
| FDX FedEx Corp. | 1.02% | 19,000 | $6.7M | Reduce -34.5% |
| ODFL Old Dominion Freight Line | 1.01% | 34,000 | $6.6M | Add +9.7% |
| BIIB Biogen Inc. | 0.98% | 35,000 | $6.4M | Add +2.9% |
| QCOM Qualcomm Inc. | 0.89% | 45,000 | $5.8M | Reduce -21.1% |
| ARHS Arhaus Inc. | 0.84% | 810,000 | $5.5M | Add +15.4% |
| FBIN Fortune Brands Innovations I | 0.73% | 122,000 | $4.8M | Add +7.0% |
| AMTM Amentum Holdings Inc. | 0.69% | 172,000 | $4.5M | Add +75.5% |
| MBC Masterbrand Inc. | 0.55% | 430,000 | $3.6M | Add +97.3% |
| FSLR First Solar Inc. | 0.46% | 15,000 | $3.0M | No change |
| ZYME Zymeworks Inc. | 0.17% | 46,000 | $1.1M | Add +2.2% |
| LULU Lululemon Athletica Inc. | 0.03% | 1,000 | $204K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| EA Electronic Arts Inc. | Reduce -52.0% | 1.10% | −1.22 |
| ATKR Atkore Inc. | Sold out | 0.00% | −0.93 |
| SGI Somnigroup International Inc. | Reduce -5.2% | 2.29% | −0.68 |
| QCOM Qualcomm Inc. | Reduce -21.1% | 0.89% | −0.65 |
| ULTA Ulta Beauty Inc. | Reduce -8.7% | 1.68% | −0.51 |
| J Jacobs Solutions Inc. | Reduce -14.7% | 1.58% | −0.39 |
| FDX FedEx Corp. | Reduce -34.5% | 1.02% | −0.28 |
| JBL Jabil Inc. | Reduce -13.2% | 7.20% | −0.09 |
| COHR Coherent Corp. | Reduce -21.4% | 4.15% | −0.05 |
| TPR Tapestry Inc. | Reduce -6.1% | 2.97% | +0.05 |
| JCI Johnson Controls Internation | Reduce -1.3% | 3.03% | +0.15 |
| LITE Lumentum Holdings Inc. | Reduce -44.2% | 5.75% | +0.29 |
| CIEN Ciena Corp. | Reduce -36.4% | 9.34% | +0.31 |
| AMAT Applied Materials Inc. | Reduce -16.5% | 5.83% | +0.48 |
Portfolio Buys Q4 2025 → Q1 2026
| ADBE Adobe Inc. | New | 1.42% | +1.42 |
| HPQ HP Inc. | Add +74.2% | 2.44% | +0.78 |
| WST West Pharmaceutical Services | Add +59.0% | 2.38% | +0.69 |
| ITGR Integer Holdings Corp. | Add +23.3% | 2.15% | +0.56 |
| MSI Motorola Solutions Inc. | Add +8.3% | 3.45% | +0.55 |
| WTS Watts Water Technologies-A | Add +17.5% | 2.07% | +0.33 |
| ODFL Old Dominion Freight Line | Add +9.7% | 1.01% | +0.25 |
| AMTM Amentum Holdings Inc. | Add +75.5% | 0.69% | +0.24 |
| TXN Texas Instruments Inc. | Add +1.4% | 2.21% | +0.23 |
| IQV Iqvia Holdings Inc. | Add +49.0% | 1.97% | +0.19 |
| CROX Crocs Inc. | Add +19.4% | 1.56% | +0.18 |
| MBC Masterbrand Inc. | Add +97.3% | 0.55% | +0.17 |
| URI United Rentals Inc. | Add +27.3% | 1.52% | +0.16 |
| AAPL Apple Inc. | Add +20.6% | 1.59% | +0.14 |
| ALGN Align Technology Inc. | Add +2.2% | 1.22% | +0.11 |
| NVDA Nvidia Corp. | Add +12.1% | 2.49% | +0.08 |
| BIIB Biogen Inc. | Add +2.9% | 0.98% | +0.04 |
| ZYME Zymeworks Inc. | Add +2.2% | 0.17% | −0.01 |
| GPN Global Payments Inc. | Add +16.3% | 1.84% | −0.01 |
| NVR NVR Inc. | Add +100.0% | 1.60% | −0.02 |
| EAT Brinker International Inc. | Add +1.4% | 3.11% | −0.02 |
| ELV Elevance Health Inc. | Add +18.2% | 1.16% | −0.07 |
| NKE Nike Inc. Class B | Add +15.5% | 1.08% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Add +17.4% | 2.01% | −0.10 |
| INMD Inmode Ltd. | Add +2.1% | 1.42% | −0.11 |
| WBD Warner Bros Discovery Inc. | Add +2.0% | 2.16% | −0.11 |
| FBIN Fortune Brands Innovations I | Add +7.0% | 0.73% | −0.16 |
| ARHS Arhaus Inc. | Add +15.4% | 0.84% | −0.39 |
| BKNG Booking Holdings Inc. | Add +33.3% | 2.36% | −0.49 |
| ANF Abercrombie & Fitch Co. Class A | Add +1.7% | 1.71% | −0.65 |
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 |