Global Alpha Capital Management
MONTREAL, A8files as Global Alpha Capital Management Ltd.
$1.7bn in 48 US stocks at the end of 30 June 2026. The top 10 are 44.4% of the money. It changed about 17.3% of the portfolio this quarter.
Value
$1.7bn
Stocks
48
Top 10 share
44.4%
Turnover
17.3%
What changed this quarter
New
Bought for the first time this quarter.
- DocusignDOCU1.8% of the fund
- Power IntegrationsPOWI<0.1% of the fund
Added
Bought more of a stock they already held.
- UMB FinancialUMBF5.9% of the fund+5%
- Commvault SystemsCVLT4.2% of the fund+34%
- Globus MedicalGMED4.1% of the fund+23%
- Americold Realty TrustCOLD4.0% of the fund+39%
- GXO LogisticsGXO3.2% of the fund+13%
- Boston BeerSAM2.8% of the fund+81%
- ANI PharmaceuticalsANIP2.8% of the fund+54%
- RadNetRDNT2.7% of the fund+12%
- RLIRLI2.5% of the fund+19%
- Quaker ChemicalKWR2.1% of the fund+27%
- Service Corp InternationalSCI2.0% of the fund+25%
- Solaredge TechnologiesSEDG1.2% of the fund+704%
- Clean Energy FuelsCLNE1.2% of the fund+34%
- WerideWRD1.0% of the fund+10%
- Federal Agricultural MortgageAGM0.2% of the fund+9%
- OnterrisONT0.2% of the fund+21%
- VericelVCEL0.2% of the fund+28%
- Mueller Water ProductsMWA0.1% of the fund+86%
Cut
Sold some of their stake.
- Ormat TechnologiesORA8.9% of the fund-24%
- SanminaSANM4.5% of the fund-51%
- Diodes INC /delDIOD3.8% of the fund-31%
- Rush EnterprisesRUSHA3.0% of the fund-7%
- PRA GroupPRAA1.8% of the fund-19%
- AlcoaAA1.7% of the fund-19%
- DnowDNOW1.3% of the fund-46%
- EnerSysENS0.4% of the fund-12%
- NextpowerNXT0.2% of the fund-3%
Sold out
Sold their entire stake.
- ACI WorldwideACIW-100%
- Wintrust FinancialWTFC-100%
- CAECAE-100%
- BrunswickBC-100%
- Casella Waste SystemsCWST-100%
- CertaraCERT-100%
- BlackbaudBLKB-100%
- Atour Lifestyle HldgsATAT-100%
Holdings
- SprottSII
- Share
- 2.1%
- Value
- $36m
- Shares
- 315,583
Held
- Boyd Group ServicesBGSI
- Share
- 1.8%
- Value
- $31m
- Shares
- 323,914
Held
- WerideWRD
- Share
- 1.0%
- Value
- $16m
- Shares
- 2,812,760
+10%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Ormat TechnologiesORA | 8.9% | $148m | 1,359,802 | -24% |
| UMB FinancialUMBF | 5.9% | $99m | 690,325 | +5% |
| SanminaSANM | 4.5% | $75m | 296,337 | -51% |
| Commvault SystemsCVLT | 4.2% | $70m | 494,473 | +34% |
| Globus MedicalGMED | 4.1% | $68m | 856,616 | +23% |
| Americold Realty TrustCOLD | 4.0% | $67m | 4,291,891 | +39% |
| Diodes INC /delDIOD | 3.8% | $63m | 578,999 | -31% |
| GXO LogisticsGXO | 3.2% | $53m | 1,046,730 | +13% |
| Rush EnterprisesRUSHA | 3.0% | $50m | 682,458 | -7% |
| Eagle MaterialsEXP | 2.9% | $48m | 214,813 | Held |
| Boston BeerSAM | 2.8% | $47m | 267,567 | +81% |
| ANI PharmaceuticalsANIP | 2.8% | $46m | 558,003 | +54% |
| RadNetRDNT | 2.7% | $45m | 734,875 | +12% |
| RayonierRYN | 2.7% | $44m | 2,080,000 | Held |
| Federal SignalFSS | 2.5% | $42m | 326,966 | Held |
| RLIRLI | 2.5% | $41m | 700,675 | +19% |
| GenthermTHRM | 2.4% | $40m | 1,186,720 | Held |
| EvercoreEVR | 2.4% | $40m | 118,121 | Held |
| ATN InternationalATNI | 2.3% | $38m | 1,444,296 | Held |
| LimoneiraLMNR | 2.3% | $38m | 2,898,549 | Held |
| Digi InternationalDGII | 2.1% | $36m | 475,962 | Held |
| SprottSII | 2.1% | $36m | 315,583 | Held |
| Quaker ChemicalKWR | 2.1% | $34m | 216,161 | +27% |
| Service Corp InternationalSCI | 2.0% | $33m | 434,105 | +25% |
| Gulfport EnergyGPOR | 1.9% | $32m | 189,819 | Held |
| Boyd Group ServicesBGSI | 1.8% | $31m | 323,914 | Held |
| DocusignDOCU | 1.8% | $30m | 673,986 | New |
| PRA GroupPRAA | 1.8% | $30m | 1,574,253 | -19% |
| AlcoaAA | 1.7% | $29m | 558,623 | -19% |
| Genius SportsGENI | 1.7% | $28m | 4,443,719 | Held |
| Armstrong World IndustriesAWI | 1.7% | $28m | 173,997 | Held |
| Resideo TechnologiesREZI | 1.5% | $26m | 824,926 | Held |
| DnowDNOW | 1.3% | $21m | 1,622,200 | -46% |
| Solaredge TechnologiesSEDG | 1.2% | $20m | 346,602 | +704% |
| Clean Energy FuelsCLNE | 1.2% | $20m | 9,516,240 | +34% |
| Euronet WorldwideEEFT | 1.0% | $17m | 234,587 | Held |
| WerideWRD | 1.0% | $16m | 2,812,760 | +10% |
| EnerSysENS | 0.4% | $6m | 25,706 | -12% |
| Valmont IndustriesVMI | 0.3% | $5m | 8,347 | Held |
| NextpowerNXT | 0.2% | $4m | 32,923 | -3% |
| Federal Agricultural MortgageAGM | 0.2% | $4m | 18,367 | +9% |
| OnterrisONT | 0.2% | $4m | 173,335 | +21% |
| BalchemBCPC | 0.2% | $3m | 20,214 | Held |
| Zurn Elkay Water SolutionsZWS | 0.2% | $3m | 66,923 | Held |
| VericelVCEL | 0.2% | $3m | 64,141 | +28% |
| CovistaCVSA | 0.1% | $2m | 19,501 | Held |
| Mueller Water ProductsMWA | 0.1% | $2m | 90,303 | +86% |
| Power IntegrationsPOWI | <0.1% | $990,797 | 11,829 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 4.1% since 30 June 2025.
Where the money is
Technology17.7%
Financial services16.0%
Retail & consumer13.6%
Utilities10.0%
Health care9.7%
Industrials7.4%
Real estate6.7%
Materials6.5%
Everyday goods5.1%
Energy4.0%
Media & telecom2.3%
Other1.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.