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Livermore
Livermore
ZHEN

Global Alpha Capital Management Ltd.

SEC CIK
0001584691
Latest filing
Aug 12, 2026

The latest 13F from Global Alpha Capital Management Ltd. covers Q2 2026 (filed Aug 12, 2026): 48 long positions worth $1.67B. The top 10 holdings make up 44.4% of the portfolio, and the largest is Ormat Technologies, Inc. (ORA) at 8.9%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
2
Est. +$30.9M
Added
19
Est. +$149.8M
Reduced
27
Est. −$192.1M
Sold out
8
Est. −$156.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. ORAOrmat Technologies, Inc.
    8.9%$148.2MHistory
  2. UMBFUmb Financial Corp
    5.9%$98.6MHistory
  3. SANMSanmina Corp
    4.5%$75.0MHistory
  4. CVLTCommvault Systems Inc
    4.2%$70.1MHistory
  5. GMEDGlobus Medical Inc
    4.1%$67.7MHistory

Share of portfolio

Top 5 holdings and the other 43 positions, by share of portfolio value

  1. ORA8.9%
  2. UMBF5.9%
  3. SANM4.5%
  4. CVLT4.2%
  5. GMED4.1%
  6. Other 43 positions72.5%

Biggest buys

New and added positions, by estimated amount bought

  1. DOCUDocuSign, Inc.
    +$29.9MNewHistory
  2. SAMBoston Beer Co Inc
    +$21.3MAddedHistory
  3. COLDAmericold Realty Trust
    +$18.9MAddedHistory
  4. CVLTCommvault Systems Inc
    +$17.9MAddedHistory
  5. SEDGSolaredge Technologies, Inc.
    +$17.7MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. CVLTCommvault Systems Inc
    +2.47 pp1.7% → 4.2%History
  2. COLDAmericold Realty Trust
    +1.91 pp2.1% → 4.0%History
  3. DOCUDocuSign, Inc.
    +1.79 pp0.0% → 1.8%History
  4. UMBFUmb Financial Corp
    +1.43 pp4.5% → 5.9%History
  5. ANIPAni Pharmaceuticals Inc
    +1.10 pp1.7% → 2.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SANMSanmina Corp
    −$77.5MReducedHistory
  2. ORAOrmat Technologies, Inc.
    −$47.0MReducedHistory
  3. ACIWAci Worldwide, Inc.
    −$37.6MSold outHistory
  4. WTFCWintrust Financial Corp
    −$32.6MSold outHistory
  5. CAECae Inc
    −$31.5MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. ORAOrmat Technologies, Inc.
    −3.15 pp12.0% → 8.9%History
  2. ACIWAci Worldwide, Inc.
    −2.26 pp2.3% → 0.0%History
  3. WTFCWintrust Financial Corp
    −1.96 pp2.0% → 0.0%History
  4. CAECae Inc
    −1.89 pp1.9% → 0.0%History
  5. BCBrunswick Corp
    −1.64 pp1.6% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.67B
+$6.70M (+0.4%) vs. prior quarter
Positions
48
−6 vs. prior quarter
Top 10 concentration
44.4%
Top 10 as share of value
Turnover
10.9%
Q2 2026, one quarter
Average holding period
14.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.75B (Q3 2025)

Q1 2021: $855.1MQ2 2021: $922.4MQ3 2021: $900.4MQ4 2021: $1.03BQ1 2022: $1.16BQ2 2022: $926.6MQ3 2022: $1.00BQ4 2022: $1.02BQ1 2023: $1.10BQ2 2023: $1.07BQ3 2023: $996.4MQ4 2023: $1.24BQ1 2024: $1.35BQ2 2024: $1.37BQ3 2024: $1.54BQ4 2024: $1.38BQ1 2025: $1.37BQ2 2025: $1.60BQ3 2025: $1.75BQ4 2025: $1.64BQ1 2026: $1.66BQ2 2026: $1.67B
Q1 2021Q2 2026
13F filings of Global Alpha Capital Management Ltd. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 202648$1.67BORAUMBFSANMvs. Q1 2026SEC
Q1 2026May 11, 202654$1.66BORASANMUMBFvs. Q4 2025SEC
Q4 2025Feb 11, 202656$1.64BORASANMUMBFvs. Q3 2025SEC
Q3 2025Nov 13, 202556$1.75BORASANMUMBFvs. Q2 2025SEC
Q2 2025Aug 7, 202556$1.60BORASANMUMBFvs. Q1 2025SEC
Q1 2025May 12, 202558$1.37BORASANMLMNRvs. Q4 2024SEC
Q4 2024Feb 7, 202556$1.38BORALMNRGMEDvs. Q3 2024SEC
Q3 2024Nov 8, 202457$1.54BORALMNRRDNTvs. Q2 2024SEC
Q2 2024Aug 9, 202457$1.37BORACWLMNRvs. Q1 2024SEC
Q1 2024May 8, 202455$1.35BORACWACIWvs. Q4 2023SEC
Q4 2023Feb 9, 202454$1.24BORALMNRACIWvs. Q3 2023SEC
Q3 2023Nov 13, 202336$996.4MORALMNRRDNTvs. Q2 2023SEC
Q2 2023Aug 10, 202333$1.07BORARDNTLMNRvs. Q1 2023SEC
Q1 2023May 9, 202334$1.10BORAATNIACIWvs. Q4 2022SEC
Q4 2022Feb 10, 202334$1.02BORAATNIUMBFvs. Q3 2022SEC
Q3 2022Nov 10, 202235$1.00BORAAUDCATNIvs. Q2 2022SEC
Q2 2022Aug 5, 202235$926.6MORAATNIFPIvs. Q1 2022SEC
Q1 2022May 12, 202235$1.16BORAiShares TrCSVvs. Q4 2021SEC
Q4 2021Feb 10, 202234$1.03BORACSVAUDCvs. Q3 2021SEC
Q3 2021Nov 12, 202135$900.4MORACSVATNIvs. Q2 2021SEC
Q2 2021Aug 2, 202134$922.4MORAMPAAEXPvs. Q1 2021SEC
Q1 2021Apr 30, 202134$855.1MORAMPAACLNE–SEC

13D and 13G filings

Companies where Global Alpha Capital Management Ltd. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

2 companies, largest stake first.

Companies where Global Alpha Capital Management Ltd. owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
LMNRLimoneira CO13G/A16.20%2.93M shares–Feb 10, 20217 filingsFeb 9, 2026SEC
ATNIATN International, Inc.13G/A10.10%1.53M shares–Feb 10, 20226 filingsJan 6, 2025SEC

Latest filings

39 filings on file made by Global Alpha Capital Management Ltd. or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Global Alpha Capital Management Ltd.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
PRAAPra Group IncJul 30, 20262:23 PM ET13G/A4.10%1.57M shares−1.00 ppfrom 5.10%Below 5%Jun 30, 2026SEC
FPIFarmland Partners Inc.Feb 10, 20266:39 PM ET13G/A3.50%1.50M shares−4.00 ppfrom 7.50%Below 5%Dec 31, 2025SEC
CSTECaesarstone Ltd.Feb 10, 20266:39 PM ET13G/A0.00%0 shares−6.80 ppfrom 6.80%Below 5%Nov 25, 2025SEC
LMNRLimoneira COFeb 9, 20268:39 PM ET13G/A16.20%2.93M shares–Dec 31, 2025SEC
CSTECaesarstone Ltd.Nov 7, 202512:53 PM ET13G/A6.80%2.34M shares–Sep 30, 2025SEC
PRAAPra Group IncMay 8, 20258:13 PM ET13G5.10%2.02M sharesNewMar 31, 2025SEC
FPIFarmland Partners Inc.May 8, 20257:32 PM ET13G/A7.50%3.47M shares–Mar 31, 2025SEC
ATNIATN International, Inc.Jan 6, 20256:38 PM ET13G/A10.10%1.53M shares–Dec 31, 2024SEC
ATNIATN International, Inc.Nov 8, 202413G/AOld format–––SEC
LMNRLimoneira CONov 7, 202413G/AOld format–––SEC
FPIFarmland Partners Inc.Nov 7, 202413GOld format–––SEC
LMNRLimoneira COApr 5, 202413G/AOld format–––SEC
FPIFarmland Partners Inc.Feb 9, 202413G/AOld format–––SEC
LMNRLimoneira COFeb 8, 202413G/AOld format–––SEC
ATNIATN International, Inc.Feb 8, 202413G/AOld format–––SEC
AUDCAudiocodes LtdFeb 8, 202413G/AOld format–––SEC
CSTECaesarstone Ltd.Feb 8, 202413G/AOld format–––SEC
MPAAMotorcar Parts of America IncMay 9, 202313G/AOld format–––SEC
CSVCarriage Services IncFeb 10, 202313G/AOld format–––SEC
AUDCAudiocodes LtdFeb 10, 202313GOld format–New–SEC