Q3 2026 13F · SEC CIK 1745796

North Growth Management Ltd.

Investment managerFiled 2026-10-20 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $742.9M
Reported positions: 48
Top holdings a year, 3 yrs: +48.2%
Average holding period: 7.2 yrs

North Growth Management Ltd. is an investment manager that reported 48 positions worth $742.9M in its Q3 2026 13F, filed 2026-10-20. Its largest holdings were Lumentum Hldgs Inc (LITE, 6.5%), Applied Matls Inc (AMAT, 6.1%), Jabil Inc (JBL, 5.9%). A portfolio copying its top holdings returned 48.2% a year over the last 3 years, against 22.3% for the S&P 500.

North Growth Management Ltd. holdings all 48 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

North Growth Management Ltd. 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
LITELumentum Hldgs Inc	6.5%	5.8%	50,000	-5.7%	$48.5M
AMATApplied Matls Inc	6.1%	8.4%	89,000	-2.2%	$45.4M
JBLJabil Inc	5.9%	7.4%	152,000	+1.3%	$43.7M
CIENCiena Corp	5.5%	7.1%	116,000	+2.7%	$40.8M
NVDANvidia Corporation	3.9%	2.4%	128,000	+36.2%	$29.2M
COHRCoherent Corp	3.9%	4.9%	100,000	+4.2%	$28.9M
HPQHp Inc	3.6%	2.3%	847,000	+1.4%	$26.5M
MSIMotorola Solutions Inc	3.5%	3.1%	58,000	+0.0%	$26.0M
EATBrinker International	3.4%	3.1%	131,000	-9.0%	$25.4M
IQVIqvia Hldgs Inc	3.3%	2.2%	90,000	+1.1%	$24.2M
WSTWest Pharmaceutical Svsc Inc	3.2%	2.9%	63,000	+1.6%	$23.5M
JCIJohnson Controls Internation	3.1%	2.8%	154,000	+1.3%	$22.9M
TMOThermo Fisher Scientific Inc	2.9%	2.1%	32,000	+0.0%	$21.9M
TXNTexas Instrs Inc	2.7%	2.7%	72,000	+1.4%	$20.3M
TPRTapestry Inc	2.4%	2.8%	154,000	+2.0%	$17.7M
GPNGlobal Pmts Inc	2.3%	1.9%	208,000	+1.5%	$17.0M
WTSWatts Water Technologies Inc	2.3%	2.4%	48,000	+2.1%	$16.9M
ANFAbercrombie & Fitch Co	2.1%	1.4%	117,000	-4.9%	$15.7M
AAPLApple Inc	2.1%	1.7%	47,000	+2.2%	$15.6M
BKNGBooking Holdings Inc	2.1%	2.1%	94,000	+2.2%	$15.3M
CROXCrocs Inc	2.0%	1.9%	125,000	+0.8%	$14.7M
TPXSomnigroup International Inc	1.7%	2.0%	207,000	+1.5%	$12.9M
URIUnited Rentals Inc	1.7%	1.8%	13,000	+0.0%	$12.8M
ADBEAdobe Inc	1.7%	1.6%	53,000	-13.1%	$12.6M
CMECme Group Inc	1.6%	New	46,000	—	$12.1M
ELVElevance Health Inc Formerly	1.6%	1.5%	30,000	+0.0%	$11.7M
ULTAUlta Beauty Inc	1.6%	1.2%	21,000	+0.0%	$11.7M
BIIBBiogen Inc	1.5%	1.4%	51,000	+2.0%	$11.5M
JJacobs Solutions Inc	1.5%	1.3%	83,000	+1.2%	$11.2M
MSFTMicrosoft Corp	1.4%	0.9%	20,000	+5.3%	$10.1M
NVRNvr Inc	1.3%	1.4%	2,000	+0.0%	$10.0M
AZOAutozone Inc	1.3%	1.4%	3,000	+0.0%	$9.6M
WBDWarner Bros Discovery Inc	1.3%	1.8%	303,000	-41.4%	$9.4M
ALGNAlign Technology Inc	1.1%	1.2%	57,000	+1.8%	$8.3M
MCOMoodys Corp	1.1%	1.0%	18,000	+0.0%	$8.3M
ARHSArhaus Inc	1.1%	0.9%	828,000	+1.5%	$7.8M
ODFLOld Dominion Freight Line in	1.0%	1.2%	43,000	+2.4%	$7.4M
NKENike Inc	0.9%	0.9%	181,000	+1.1%	$6.4M
QCOMQualcomm Inc	0.7%	0.8%	27,000	-15.6%	$4.9M
FBHSFortune Brands Innovations I	0.6%	0.9%	125,000	+1.6%	$4.8M
FDXFedex Corp	0.6%	0.6%	15,000	+0.0%	$4.3M
ZTSZoetis Inc	0.5%	New	55,000	—	$3.9M
AMTMAmentum Holdings Inc	0.4%	0.5%	175,000	+1.2%	$3.2M
MBCMasterbrand Inc Common Stock	0.4%	0.6%	440,000	+1.6%	$3.1M
FSLRFirst Solar Inc	0.4%	0.5%	16,000	+6.7%	$2.7M
ZYMEZymeworks Inc	0.2%	0.2%	47,000	+2.2%	$1.2M
FDXFFedex Fght Hldg Co Inc	0.1%	0.1%	8,000	+14.3%	$827K
LULULululemon Athletica Inc	0.0%	0.0%	1,000	+0.0%	$135K

What North Growth Management Ltd. bought and sold in Q3 2026, against Q2 2026.

Share counts compared with the Q2 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +59.2% /yr; S&P 500 +11.7%
3 years: +48.2% /yr; S&P 500 +22.3%
5 years: +21.6% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$742.9M	48
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

Questions about North Growth Management Ltd.'s portfolio

What stocks does North Growth Management Ltd. own?

North Growth Management Ltd.'s latest 13F, for Q3 2026 and filed Oct 20, 2026, lists 48 positions worth $742.9M. The largest are Lumentum Hldgs Inc (LITE) at 6.5%, Applied Matls Inc (AMAT) at 6.1%, Jabil Inc (JBL) at 5.9%, Ciena Corp (CIEN) at 5.5% and Nvidia Corporation (NVDA) at 3.9%.

What did North Growth Management Ltd. buy last quarter?

In Q3 2026, North Growth Management Ltd. added a new position in Cme Group Inc (CME), a new position in Zoetis Inc (ZTS), Nvidia Corporation (NVDA) (+36.2% shares), Fedex Fght Hldg Co Inc (FDXF) (+14.3% shares) and First Solar Inc (FSLR) (+6.7% shares), compared with its Q2 2026 filing.

What did North Growth Management Ltd. sell last quarter?

In Q3 2026, North Growth Management Ltd. sold all of Integer Hldgs Corp (ITGR), sold all of Electronic Arts Inc (EA), Warner Bros Discovery Inc (WBD) (-41.4% shares), Qualcomm Inc (QCOM) (-15.6% shares) and Adobe Inc (ADBE) (-13.1% shares), compared with its Q2 2026 filing.

How has North Growth Management Ltd.'s portfolio performed?

A portfolio copying North Growth Management Ltd.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +48.2% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +59.2% against +11.7%. Over 5 years: +21.6% a year against +10.6%.

When is North Growth Management Ltd.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. North Growth Management Ltd.'s filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.