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North Growth Management LTD.

CIK:0001745796
Asset Manager
$590M AUM
47 holdings
Vancouver, BC, Canada
Founded:1998
15 employees
Latest filing:Sep 30, 2025

North Growth Management Ltd. is a boutique investment management firm headquartered in Vancouver, British Columbia, Canada. Founded in 1998, the firm specializes in actively managed U.S. and Canadian equity portfolios. North Growth employs approximately 10-20 professionals and primarily serves institutional and retail investors seeking exposure to equities through its long-standing, disciplined approach. The firm emphasizes performance, risk management, and responsible investment practices.

Investment Strategy

North Growth Management Ltd. utilizes an active, bottom-up stock selection approach with a fundamental focus on 'Growth at a Reasonable Price' (GARP). The firm seeks long-term capital appreciation by investing in a diversified portfolio of U.S. and Canadian equities, emphasizing companies with sustainable growth prospects at attractive valuations. They aim to achieve superior risk-adjusted returns and avoid concentrated sector bets by managing portfolios with discipline and transparency across market cycles.

Latest 13F Filing Activity

North Growth Management LTD. filed their most recent 13F report on Sep 30, 2025 disclosing 45 equity positions with a total 13F market value of $574M. The fund increased holdings in Ciena, Autozone, Lumentum among other positions. North Growth Management LTD. reduced exposure to Brinker International, Jabil, Qualcomm among others.

Top Buys
C
CIENCIENA
+$14.3M
A
AZOAUTOZONE
+$5.3M
L
LITELUMENTUM
+$4.2M
T
TMOTHERMO FISHER SCIENTIFIC
+$3.8M
U
URIUNITED RENTALS
+$3.7M
Top Sells
E
EATBRINKER INTERNATIONAL
-$7.0M
J
JBLJABIL
-$1.7M
Q
QCOMQUALCOMM
-$1.7M
C
CROXCROCS
-$1.6M
E
ELVELEVANCE HEALTH
-$1.5M

Top Holdings

C
CIENCIENA
+8.2%$47.3M
J
JBLJABIL
+7.6%$43.8M
A
AMATAPPLIED MATERIALS
+5.1%$29.6M
L
LITELUMENTUM
+4.3%$24.8M
M
MSIMOTOROLA SOLUTIONS
+3.8%$21.8M

Equity Positions (45)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
C
CIEN
CIENA8.24%$47.3M325,000$31.22$145.67+$14.3M
J
JBL
JABIL7.63%$43.8M202,000$33.22$217.17-$1.7M
A
AMAT
APPLIED MATERIALS5.15%$29.6M144,000$53.82$204.74+$3.0M
L
LITE
LUMENTUM4.32%$24.8M152,000$79.53$162.71+$4.2M
M
MSI
MOTOROLA SOLUTIONS3.80%$21.8M48,000$128.48$457.29+$1.6M

Industry Allocation

SEMICONDUCTORS & RELATED DEVICES
+10.2%
TELEPHONE & TELEGRAPH APPARATUS
+8.2%
PRINTED CIRCUIT BOARDS
+7.6%
RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT
+5.9%
COMMUNICATIONS EQUIPMENT, NEC
+4.3%