North Growth Management
VANCOUVER, A1files as North Growth Management Ltd.
$780m in 48 US stocks at the end of 30 June 2026. The top 10 are 48.3% of the money. It changed about 8.5% of the portfolio this quarter.
Value
$780m
Stocks
48
Top 10 share
48.3%
Turnover
8.5%
What changed this quarter
New
Bought for the first time this quarter.
- Moody'sMCO1.0% of the fund
- FedEx Freight Holding CompanyFDXF0.1% of the fund
Added
Bought more of a stock they already held.
- Motorola SolutionsMSI3.1% of the fund+12%
- TapestryTPR2.8% of the fund+9%
- Iqvia HoldingsIQV2.2% of the fund+17%
- Thermo Fisher ScientificTMO2.1% of the fund+19%
- Global PaymentsGPN1.9% of the fund+15%
- AppleAAPL1.7% of the fund+12%
- AdobeADBE1.6% of the fund+61%
- Elevance HealthELV1.5% of the fund+15%
- BiogenBIIB1.4% of the fund+43%
- Align TechnologyALGN1.2% of the fund+22%
- Old Dominion Freight LineODFL1.2% of the fund+24%
- NikeNKE0.9% of the fund+34%
- Electronic ArtsEA0.9% of the fund+3%
Cut
Sold some of their stake.
- Applied MaterialsAMAT8.4% of the fund-18%
- JabilJBL7.4% of the fund-15%
- CienaCIEN7.1% of the fund-28%
- CoherentCOHR4.9% of the fund-16%
- Texas InstrumentsTXN2.7% of the fund-4%
- Booking HoldingsBKNG2.1% of the fund-8%
- United RentalsURI1.8% of the fund-7%
- QualcommQCOM0.8% of the fund-29%
- FedExFDX0.6% of the fund-21%
Sold out
Sold their entire stake.
- InModeINMD-100%
Holdings
- Electronic ArtsEA
- Share
- 0.9%
- Value
- $7m
- Shares
- 36,000
+3%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Applied MaterialsAMAT | 8.4% | $66m | 91,000 | -18% |
| JabilJBL | 7.4% | $58m | 150,000 | -15% |
| CienaCIEN | 7.1% | $55m | 113,000 | -28% |
| Lumentum HoldingsLITE | 5.8% | $45m | 53,000 | Held |
| CoherentCOHR | 4.9% | $38m | 96,000 | -16% |
| Brinker InternationalEAT | 3.1% | $24m | 144,000 | Held |
| Motorola SolutionsMSI | 3.1% | $24m | 58,000 | +12% |
| West Pharmaceutical ServicesWST | 2.9% | $22m | 62,000 | Held |
| Johnson Controls InternationalJCI | 2.8% | $22m | 152,000 | Held |
| TapestryTPR | 2.8% | $22m | 151,000 | +9% |
| Texas InstrumentsTXN | 2.7% | $21m | 71,000 | -4% |
| NvidiaNVDA | 2.4% | $19m | 94,000 | Held |
| Watts Water TechnologiesWTS | 2.4% | $18m | 47,000 | Held |
| HPHPQ | 2.3% | $18m | 835,000 | Held |
| Iqvia HoldingsIQV | 2.2% | $17m | 89,000 | +17% |
| Booking HoldingsBKNG | 2.1% | $16m | 92,000 | -8% |
| Thermo Fisher ScientificTMO | 2.1% | $16m | 32,000 | +19% |
| Somnigroup InternationalSGI | 2.0% | $16m | 204,000 | Held |
| Integer HoldingsITGR | 1.9% | $15m | 161,000 | Held |
| CrocsCROX | 1.9% | $15m | 124,000 | Held |
| Global PaymentsGPN | 1.9% | $15m | 205,000 | +15% |
| United RentalsURI | 1.8% | $14m | 13,000 | -7% |
| Warner Bros. DiscoveryWBD | 1.8% | $14m | 517,000 | Held |
| AppleAAPL | 1.7% | $13m | 46,000 | +12% |
| AdobeADBE | 1.6% | $13m | 61,000 | +61% |
| Elevance HealthELV | 1.5% | $12m | 30,000 | +15% |
| Abercrombie & FitchANF | 1.4% | $11m | 123,000 | Held |
| NVRNVR | 1.4% | $11m | 2,000 | Held |
| BiogenBIIB | 1.4% | $11m | 50,000 | +43% |
| AutozoneAZO | 1.4% | $11m | 3,000 | Held |
| Jacobs SolutionsJ | 1.3% | $10m | 82,000 | Held |
| Ulta BeautyULTA | 1.2% | $10m | 21,000 | Held |
| Align TechnologyALGN | 1.2% | $9m | 56,000 | +22% |
| Old Dominion Freight LineODFL | 1.2% | $9m | 42,000 | +24% |
| Moody'sMCO | 1.0% | $8m | 18,000 | New |
| NikeNKE | 0.9% | $7m | 179,000 | +34% |
| Electronic ArtsEA | 0.9% | $7m | 36,000 | +3% |
| MicrosoftMSFT | 0.9% | $7m | 19,000 | Held |
| ArhausARHS | 0.9% | $7m | 816,000 | Held |
| Fortune Brands InnovationsFBIN | 0.9% | $7m | 123,000 | Held |
| QualcommQCOM | 0.8% | $6m | 32,000 | -29% |
| FedExFDX | 0.6% | $5m | 15,000 | -21% |
| MasterBrandMBC | 0.6% | $4m | 433,000 | Held |
| First SolarFSLR | 0.5% | $4m | 15,000 | Held |
| Amentum HoldingsAMTM | 0.5% | $4m | 173,000 | Held |
| ZymeworksZYME | 0.2% | $1m | 46,000 | Held |
| FedEx Freight Holding CompanyFDXF | 0.1% | $1m | 7,000 | New |
| lululemon athleticaLULU | <0.1% | $154,000 | 1,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 46.4% since 30 June 2025.
Where the money is
Technology51.1%
Retail & consumer19.8%
Health care13.3%
Industrials11.1%
Financial services2.9%
Media & telecom1.8%
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.