# North Growth Management Ltd.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1745796. Source: https://holderbook.com/funds/1745796-north-growth-management-ltd/

- Reported value: $780.2M
- Positions: 48
- Weight of the ten largest: 48.3%
- Filed: 2026-07-22

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $65.8M | 91,000 | 8.4% | 31 |
| JABIL INC | [JBL](https://holderbook.com/stocks/JBL/) | $57.9M | 150,000 | 7.4% | 31 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $55.5M | 113,000 | 7.1% | 31 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $45.3M | 53,000 | 5.8% | 24 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $37.9M | 96,000 | 4.9% | 16 |
| BRINKER INTL INC | [EAT](https://holderbook.com/stocks/EAT/) | $24.1M | 144,000 | 3.1% | 26 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $23.9M | 58,000 | 3.1% | 31 |
| WEST PHARMACEUTICAL SVSC INC | [WST](https://holderbook.com/stocks/WST/) | $22.4M | 62,000 | 2.9% | 14 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $22.2M | 152,000 | 2.8% | 31 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $22.2M | 151,000 | 2.8% | 16 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $21.3M | 71,000 | 2.7% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $18.8M | 94,000 | 2.4% | 26 |
| WATTS WATER TECHNOLOGIES INC | [WTS](https://holderbook.com/stocks/WTS/) | $18.4M | 47,000 | 2.4% | 29 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $18.3M | 835,000 | 2.3% | 31 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $17.1M | 89,000 | 2.2% | 5 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $16.5M | 92,000 | 2.1% | 26 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $16.0M | 32,000 | 2.1% | 11 |
| SOMNIGROUP INTERNATIONAL INC | [SGI](https://holderbook.com/stocks/SGI/) | $16.0M | 204,000 | 2.0% | 23 |
| INTEGER HLDGS CORP | [ITGR](https://holderbook.com/stocks/ITGR/) | $15.0M | 161,000 | 1.9% | 11 |
| CROCS INC | [CROX](https://holderbook.com/stocks/CROX/) | $14.9M | 124,000 | 1.9% | 17 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $14.9M | 205,000 | 1.9% | 14 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $14.3M | 13,000 | 1.8% | 13 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $13.8M | 517,000 | 1.8% | 18 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $13.4M | 46,000 | 1.7% | 31 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $12.6M | 61,000 | 1.6% | 2 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $11.5M | 30,000 | 1.5% | 31 |
| ABERCROMBIE & FITCH CO | [ANF](https://holderbook.com/stocks/ANF/) | $11.1M | 123,000 | 1.4% | 19 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $10.9M | 2,000 | 1.4% | 13 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $10.8M | 50,000 | 1.4% | 24 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $10.6M | 3,000 | 1.4% | 6 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $10.3M | 82,000 | 1.3% | 16 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $9.6M | 21,000 | 1.2% | 13 |
| ALIGN TECHNOLOGY INC | [ALGN](https://holderbook.com/stocks/ALGN/) | $9.4M | 56,000 | 1.2% | 18 |
| OLD DOMINION FREIGHT LINE IN | [ODFL](https://holderbook.com/stocks/ODFL/) | $9.1M | 42,000 | 1.2% | 17 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $8.1M | 18,000 | 1.0% | 1 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $7.3M | 179,000 | 0.9% | 8 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $7.3M | 36,000 | 0.9% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $7.3M | 19,000 | 0.9% | 31 |
| ARHAUS INC | [ARHS](https://holderbook.com/stocks/ARHS/) | $6.9M | 816,000 | 0.9% | 13 |
| FORTUNE BRANDS INNOVATIONS I | [FBIN](https://holderbook.com/stocks/FBIN/) | $6.8M | 123,000 | 0.9% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $6.0M | 32,000 | 0.8% | 22 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $4.7M | 15,000 | 0.6% | 31 |
| MASTERBRAND INC | [MBC](https://holderbook.com/stocks/MBC/) | $4.5M | 433,000 | 0.6% | 15 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $3.6M | 15,000 | 0.5% | 9 |
| AMENTUM HOLDINGS INC | [AMTM](https://holderbook.com/stocks/AMTM/) | $3.6M | 173,000 | 0.5% | 8 |
| ZYMEWORKS INC | [ZYME](https://holderbook.com/stocks/ZYME/) | $1.2M | 46,000 | 0.2% | 15 |
| FEDEX FGHT HLDG CO INC | - | $1.1M | 7,000 | 0.1% | 1 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $154.0K | 1,000 | 0.0% | 18 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +24.0% | +14.8% | +9.2% | 100% |
| Q1 2026 | +10.9% | -4.6% | +15.6% | 99% |
| Q4 2025 | +17.2% | +2.4% | +14.8% | 99% |
| Q3 2025 | +13.6% | +7.8% | +5.8% | 99% |
| Q2 2025 | +15.7% | +10.5% | +5.3% | 99% |
| Q1 2025 | -10.6% | -4.6% | -6.0% | 99% |
| Q4 2024 | +4.3% | +2.1% | +2.2% | 99% |
| Q3 2024 | +5.2% | +5.4% | -0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $780.2M | 48 |
| Q1 2026 | $653.3M | 47 |
| Q4 2025 | $639.3M | 47 |
| Q3 2025 | $574.3M | 47 |
| Q2 2025 | $532.9M | 47 |
| Q1 2025 | $473.7M | 47 |
| Q4 2024 | $527.1M | 46 |
| Q3 2024 | $537.1M | 48 |
| Q2 2024 | $506.2M | 46 |
| Q1 2024 | $523.8M | 47 |
| Q4 2023 | $469.0M | 47 |
| Q3 2023 | $451.0M | 49 |