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North Growth Management Ltd. — 13F Holdings & Portfolio

CIK 1745796 · latest 13F-HR filed 2026-10-20

Backtest portfolio

North Growth Management Ltd. manages $742.9M in 13F-reported U.S. long-equity assets across 48 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are LITE (6.53%), AMAT (6.11%), JBL (5.88%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 2 new positions and exited 2; 15 existing positions rose in reported value and 23 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$742.9M

Long-equity book

Holdings
48

Distinct positions

Period
2026-09-30

Filed 2026-10-20

Q/Q Activity
+2 / −2 / ↑15 / ↓23

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
LITE6.5% · -6%AMAT6.1% · -2%JBL5.9% · +1%CIEN5.5% · +3%NVDA3.9% · +36%COHR3.9% · +4%HPQ3.6% · +1%MSI3.5% · 0%EAT3.4% · -9%IQV3.3% · +1%WST3.2% · +2%JCI3.1% · +1%TMO2.9% · 0%TXN2.7% · +1%TPR2.4% · +2%GPN2.3% · +2%WTS2.3% · +2%ANF2.1% · -5%AAPL2.1% · +2%BKNG2.1% · +2%CROX2.0% · +1%SGI1.7% · +2%URI1.7% · 0%ADBE1.7% · -13%CME1.6% · newELV1.6% · 0%ULTA1.6% · 0%BIIB1.5% · +2%J1.5% · +1%MSFT1.4% · +5%NVR1.3% · 0%AZO1.3% · 0%WBD1.3% · -41%ALGN1.1% · +2%MCO1.1% · 0%ARHS1.1% · +2%ODFL1.0% · +2%NKE0.9% · +1%QCOM0.7% · -16%FBIN0.6% · +2%FDX0.6% · 0%ZTS0.5% · newAMTM0.4% · +1%MBC0.4% · +2%FSLR0.4% · +7%ZYME0.2% · +2%FDXF0.1% · +14%LULU0.0% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 45.6%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 15 →

Top Trims

Show all 23 →

New Positions

Show all 2 →

Exited Positions

Show all 2 →

North Growth Management Ltd. Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 LUMENTUM LITE 55024U109 $48.5M 6.53% 50,000 SH
2 APPLIED MATERIALS AMAT 038222105 $45.4M 6.11% 89,000 SH
3 JABIL JBL 466313103 $43.7M 5.88% 152,000 SH
4 CIENA CIEN 171779309 $40.8M 5.50% 116,000 SH
5 NVIDIA NVDA 67066G104 $29.2M 3.93% 128,000 SH
6 COHERENT COHR 19247G107 $28.9M 3.88% 100,000 SH
7 HP HPQ 40434L105 $26.5M 3.57% 847,000 SH
8 MOTOROLA SOLUTIONS MSI 620076307 $26.0M 3.50% 58,000 SH
9 BRINKER INTERNATIONAL EAT 109641100 $25.4M 3.42% 131,000 SH
10 IQVIA IQV 46266C105 $24.2M 3.25% 90,000 SH
11 WEST PHARMACEUTICAL SERVICES WST 955306105 $23.5M 3.16% 63,000 SH
12 JOHNSON CONTROLS JCI G51502105 $22.9M 3.09% 154,000 SH
13 THERMO FISHER SCIENTIFIC TMO 883556102 $21.9M 2.95% 32,000 SH
14 TEXAS INSTRUMENTS TXN 882508104 $20.3M 2.73% 72,000 SH
15 TAPESTRY TPR 876030107 $17.7M 2.38% 154,000 SH
16 GLOBAL PAYMENTS GPN 37940X102 $17.0M 2.29% 208,000 SH
17 WATTS WATER WTS 942749102 $16.9M 2.27% 48,000 SH
18 ABERCROMBIE & FITCH ANF 002896207 $15.7M 2.12% 117,000 SH
19 APPLE AAPL 037833100 $15.6M 2.10% 47,000 SH
20 BOOKING HOLDINGS BKNG 09857L108 $15.3M 2.06% 94,000 SH
21 CROCS CROX 227046109 $14.7M 1.98% 125,000 SH
22 SOMNIGROUP INTERNATIONAL SGI 88023U101 $12.9M 1.73% 207,000 SH
23 UNITED RENTALS URI 911363109 $12.8M 1.72% 13,000 SH
24 ADOBE SYSTEMS ADBE 00724F101 $12.6M 1.70% 53,000 SH
25 CME GROUP CME 12572Q105 $12.1M 1.63% 46,000 SH
26 ELEVANCE HEALTH ELV 036752103 $11.7M 1.58% 30,000 SH
27 ULTA BEAUTY ULTA 90384S303 $11.7M 1.58% 21,000 SH
28 BIOGEN BIIB 09062X103 $11.5M 1.55% 51,000 SH
29 JACOBS SOLUTIONS J 46982L108 $11.2M 1.51% 83,000 SH
30 MICROSOFT MSFT 594918104 $10.1M 1.36% 20,000 SH
31 NVR NVR 62944T105 $10.0M 1.34% 2,000 SH
32 AUTOZONE AZO 053332102 $9.6M 1.29% 3,000 SH
33 WARNER BROS DISCOVERY INC WBD 934423104 $9.4M 1.26% 303,000 SH
34 ALIGN TECHNOLOGY ALGN 016255101 $8.3M 1.11% 57,000 SH
35 MOODY'S MCO 615369105 $8.3M 1.11% 18,000 SH
36 ARHAUS ARHS 04035M102 $7.8M 1.06% 828,000 SH
37 OLD DOMINION FREIGHT LINE ODFL 679580100 $7.4M 1.00% 43,000 SH
38 NIKE CL B NKE 654106103 $6.4M 0.86% 181,000 SH
39 QUALCOMM QCOM 747525103 $4.9M 0.66% 27,000 SH
40 FORTUNE BRANDS FBIN 34964C106 $4.8M 0.64% 125,000 SH
41 FEDEX CORP FDX 31428X106 $4.3M 0.58% 15,000 SH
42 ZOETIS INC ZTS 98978V103 $3.9M 0.52% 55,000 SH
43 AMENTUM HOLDINGS AMTM 023939101 $3.2M 0.43% 175,000 SH
44 MASTERBRAND MBC 57638P104 $3.1M 0.41% 440,000 SH
45 FIRST SOLAR INC FSLR 336433107 $2.7M 0.37% 16,000 SH
46 ZYMEWORKS INC ZYME 98985Y108 $1.2M 0.17% 47,000 SH
47 FEDEX FREIGHT FDXF 314352105 $827.0K 0.11% 8,000 SH
48 LULULEMON ATHLETICA LULU 550021109 $135.0K 0.02% 1,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-20 $742.9M 48 0001745796-26-000005
2026-06-30 2026-07-22 $780.2M 48 0001745796-26-000004
2026-03-31 2026-04-24 $653.3M 47 0001745796-26-000003
2025-12-31 2026-02-13 $639.3M 47 0001745796-26-000001
Filer Information
Address
SUITE 830 - 505 BURRARD ST.
BOX 56
VANCOUVER, A1 V7X1M4
Phone
(604) 688-5440
Filing Manager
North Growth Management Ltd.
VANCOUVER, A1
Signatory
Christopher Lee
Chief Legal & Compliance Officer