North Growth Management Ltd.
North Growth Management Ltd. reported 48 US-listed holdings worth $742.9 million in its 13F for the quarter ended 30 September 2026, filed 20 October 2026. Its largest: Lumentum Holdings Inc. (6.5%), Applied Materials Inc. (6.1%) and Jabil Inc. (5.9%). Against the quarter before, it opened 2 positions, added to 29, trimmed 7 and sold out of 2.
The 14 largest of its 48 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q2 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +91.2% over the 8 quarters to 30 September 2026, against +32.9% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 30 June 2026; a change under 0.1% of a position counts as held
Opened 2
- CME Group Inc. CME$12.1 million
- Zoetis Inc. ZTS$3.9 million
Added to 29
- NVIDIA Corp. NVDA+34,000 shares · +36%
- Coherent Corp. COHR+4,000 shares · +4%
- Ciena Corp. CIEN+3,000 shares · +3%
- Jabil Inc. JBL+2,000 shares · +1%
- Microsoft Corp. MSFT+1,000 shares · +5%
- HP Inc. HPQ+12,000 shares · +1%
- West Pharmaceutical Services Inc. WST+1,000 shares · +2%
- Watts Water Technologies Inc. WTS+1,000 shares · +2%
and 21 more in the table below
Trimmed 7
- Warner Bros Discovery Inc. WBD-214,000 shares · -41%
- Lumentum Holdings Inc. LITE-3,000 shares · -6%
- Brinker International, Inc. EAT-13,000 shares · -9%
- Adobe Inc. ADBE-8,000 shares · -13%
- Applied Materials Inc. AMAT-2,000 shares · -2%
- Qualcomm Inc. QCOM-5,000 shares · -16%
- Abercrombie & Fitch Co. ANF-6,000 shares · -5%
Sold out of 2
- Integer Holdings Corp. ITGR$15.0 million last quarter
- Electronic Arts Inc EA$7.3 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Lumentum Holdings Inc. LITE | 50.0K | $48.5 million | 6.53% | -3.0K |
| Applied Materials Inc. AMAT | 89.0K | $45.4 million | 6.11% | -2.0K |
| Jabil Inc. JBL | 152.0K | $43.7 million | 5.88% | +2.0K |
| Ciena Corp. CIEN | 116.0K | $40.8 million | 5.50% | +3.0K |
| NVIDIA Corp. NVDA | 128.0K | $29.2 million | 3.93% | +34.0K |
| Coherent Corp. COHR | 100.0K | $28.9 million | 3.88% | +4.0K |
| HP Inc. HPQ | 847.0K | $26.5 million | 3.57% | +12.0K |
| Motorola Solutions, Inc. MSI | 58.0K | $26.0 million | 3.50% | no change |
| Brinker International, Inc. EAT | 131.0K | $25.4 million | 3.42% | -13.0K |
| IQVIA Holdings Inc. IQV | 90.0K | $24.2 million | 3.25% | +1.0K |
| West Pharmaceutical Services Inc. WST | 63.0K | $23.5 million | 3.16% | +1.0K |
| Johnson Controls International plc JCI | 154.0K | $22.9 million | 3.09% | +2.0K |
| Thermo Fisher Scientific Inc. TMO | 32.0K | $21.9 million | 2.95% | no change |
| Texas Instruments Inc. TXN | 72.0K | $20.3 million | 2.73% | +1.0K |
| Tapestry, Inc. TPR | 154.0K | $17.7 million | 2.38% | +3.0K |
| Global Payments Inc. GPN | 208.0K | $17.0 million | 2.29% | +3.0K |
| Watts Water Technologies Inc. WTS | 48.0K | $16.9 million | 2.27% | +1.0K |
| Abercrombie & Fitch Co. ANF | 117.0K | $15.7 million | 2.12% | -6.0K |
| Apple Inc. AAPL | 47.0K | $15.6 million | 2.10% | +1.0K |
| Booking Holdings Inc. BKNG | 94.0K | $15.3 million | 2.06% | +2.0K |
| Crocs, Inc. CROX | 125.0K | $14.7 million | 1.98% | +1.0K |
| Somnigroup International Inc. SGI | 207.0K | $12.9 million | 1.73% | +3.0K |
| United Rentals, Inc. URI | 13.0K | $12.8 million | 1.72% | no change |
| Adobe Inc. ADBE | 53.0K | $12.6 million | 1.70% | -8.0K |
| CME Group Inc. CME | 46.0K | $12.1 million | 1.63% | new |
| Elevance Health, Inc. ELV | 30.0K | $11.7 million | 1.58% | no change |
| Ulta Beauty, Inc. ULTA | 21.0K | $11.7 million | 1.58% | no change |
| Biogen Inc. BIIB | 51.0K | $11.5 million | 1.55% | +1.0K |
| Jacobs Solutions Inc. J | 83.0K | $11.2 million | 1.51% | +1.0K |
| Microsoft Corp. MSFT | 20.0K | $10.1 million | 1.36% | +1.0K |
| NVR Inc. NVR | 2.0K | $10.0 million | 1.34% | no change |
| Autozone Inc. AZO | 3.0K | $9.6 million | 1.29% | no change |
| Warner Bros Discovery Inc. WBD | 303.0K | $9.4 million | 1.26% | -214.0K |
| Align Technology Inc. ALGN | 57.0K | $8.3 million | 1.11% | +1.0K |
| Moody's Corp. MCO | 18.0K | $8.3 million | 1.11% | no change |
| Arhaus Inc. ARHS | 828.0K | $7.8 million | 1.06% | +12.0K |
| Old Dominion Freight Line, Inc. ODFL | 43.0K | $7.4 million | 1.00% | +1.0K |
| Nike, Inc. NKE | 181.0K | $6.4 million | 0.86% | +2.0K |
| Qualcomm Inc. QCOM | 27.0K | $4.9 million | 0.66% | -5.0K |
| Fortune Brands Innovations, Inc. FBIN | 125.0K | $4.8 million | 0.64% | +2.0K |
| FedEx Corp. FDX | 15.0K | $4.3 million | 0.58% | no change |
| Zoetis Inc. ZTS | 55.0K | $3.9 million | 0.52% | new |
| Amentum Holdings, Inc. AMTM | 175.0K | $3.2 million | 0.43% | +2.0K |
| MasterBrand, Inc. MBC | 440.0K | $3.1 million | 0.41% | +7.0K |
| First Solar, Inc. FSLR | 16.0K | $2.7 million | 0.37% | +1.0K |
| Zymeworks Inc. ZYME | 47.0K | $1.2 million | 0.17% | +1.0K |
| Fedex Fght Hldg Co. Inc. Common Stock FDXF | 8.0K | $827,000 | 0.11% | +1.0K |
| lululemon athletica Inc. LULU | 1.0K | $135,000 | 0.02% | no change |