Skip to main content
Livermore
Livermore
ZHEN

North Growth Management Ltd.

SEC CIK
0001745796
Latest filing
Jul 21, 2026

The latest 13F from North Growth Management Ltd. covers Q2 2026 (filed Jul 21, 2026): 48 long positions worth $780.2M. The top 10 holdings make up 48.3% of the portfolio, and the largest is Applied Materials Inc (AMAT) at 8.4%. 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. +$9.24M
Added
27
Est. +$29.6M
Reduced
9
Est. −$60.7M
Sold out
1
Est. −$9.24M

Top 5 holdings

Share of this quarter's portfolio value

  1. AMATApplied Materials Inc
    8.4%$65.8MHistory
  2. JBLJabil Inc
    7.4%$57.9MHistory
  3. CIENCiena Corp
    7.1%$55.5MHistory
  4. LITELumentum Holdings Inc.
    5.8%$45.3MHistory
  5. COHRCoherent Corp.
    4.9%$37.9MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. MCOMoodys Corp
    +$8.12MNewHistory
  2. ADBEAdobe Inc.
    +$4.75MAddedHistory
  3. BIIBBiogen Inc.
    +$3.25MAddedHistory
  4. TMOThermo Fisher Scientific Inc.
    +$2.51MAddedHistory
  5. IQVIQVIA Holdings Inc.
    +$2.50MAddedHistory

Largest weight increases

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

  1. MCOMoodys Corp
    +1.04 pp0.0% → 1.0%History
  2. BIIBBiogen Inc.
    +0.41 pp1.0% → 1.4%History
  3. CROXCrocs, Inc.
    +0.35 pp1.6% → 1.9%History
  4. ELVElevance Health, Inc.
    +0.32 pp1.2% → 1.5%History
  5. IQVIQVIA Holdings Inc.
    +0.22 pp2.0% → 2.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CIENCiena Corp
    −$21.6MReducedHistory
  2. AMATApplied Materials Inc
    −$14.5MReducedHistory
  3. JBLJabil Inc
    −$10.4MReducedHistory
  4. INMDInMode Ltd.
    −$9.24MSold outHistory
  5. COHRCoherent Corp.
    −$7.11MReducedHistory

Largest weight decreases

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

  1. CIENCiena Corp
    −2.23 pp9.3% → 7.1%History
  2. INMDInMode Ltd.
    −1.42 pp1.4% → 0.0%History
  3. FDXFedEx Corp
    −0.42 pp1.0% → 0.6%History
  4. BKNGBooking Holdings Inc.
    −0.25 pp2.4% → 2.1%History
  5. QCOMQualcomm Inc
    −0.12 pp0.9% → 0.8%History

Metrics

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

Portfolio value
$780.2M
+$127.0M (+19.4%) vs. prior quarter
Positions
48
+1 vs. prior quarter
Top 10 concentration
48.3%
Top 10 as share of value
Turnover
5.4%
Q2 2026, one quarter
Average holding period
18.4 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 $780.2M (Q2 2026)

Q1 2021: $564.4MQ2 2021: $615.5MQ3 2021: $567.3MQ4 2021: $601.8MQ1 2022: $541.5MQ2 2022: $431.4MQ3 2022: $400.6MQ4 2022: $440.0MQ1 2023: $469.3MQ2 2023: $487.0MQ3 2023: $451.0MQ4 2023: $469.0MQ1 2024: $523.8MQ2 2024: $506.2MQ3 2024: $537.1MQ4 2024: $527.1MQ1 2025: $473.7MQ2 2025: $532.9MQ3 2025: $574.3MQ4 2025: $639.3MQ1 2026: $653.3MQ2 2026: $780.2M
Q1 2021Q2 2026
13F filings of North Growth Management Ltd. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 21, 202648$780.2MAMATJBLCIENvs. Q1 2026SEC
Q1 2026Apr 24, 202647$653.3MCIENJBLAMATvs. Q4 2025SEC
Q4 2025Feb 13, 202647$639.3MCIENJBLLITEvs. Q3 2025SEC
Q3 2025Oct 22, 202547$574.3MCIENJBLAMATvs. Q2 2025SEC
Q2 2025Aug 13, 202547$532.9MJBLCIENAMATvs. Q1 2025SEC
Q1 2025Apr 22, 202547$473.7MJBLCIENMSIvs. Q4 2024SEC
Q4 2024Jan 28, 202546$527.1MJBLCIENCOHRvs. Q3 2024SEC
Q3 2024Nov 5, 202448$537.1MJBLAMATCIENvs. Q2 2024SEC
Q2 2024Jul 25, 202446$506.2MAMATJBLCIENvs. Q1 2024SEC
Q1 2024Apr 30, 202447$523.8MJBLAMATCIENvs. Q4 2023SEC
Q4 2023Feb 7, 202447$469.0MJBLAMATCIENvs. Q3 2023SEC
Q3 2023Oct 19, 202349$451.0MJBLCIENAMATvs. Q2 2023SEC
Q2 2023Jul 20, 202348$487.0MJBLAMATCIENvs. Q1 2023SEC
Q1 2023May 3, 202346$469.3MJBLCIENAMATvs. Q4 2022SEC
Q4 2022Feb 9, 202345$440.0MCIENJBLHZNPvs. Q3 2022SEC
Q3 2022Oct 17, 202246$400.6MJBLCIENBMYvs. Q2 2022SEC
Q2 2022Jul 18, 202247$431.4MCIENJBLBMYvs. Q1 2022SEC
Q1 2022Apr 14, 202251$541.5MCIENJBLLITEvs. Q4 2021SEC
Q4 2021Feb 7, 202249$601.8MCIENAMATJBLvs. Q3 2021SEC
Q3 2021Oct 14, 202150$567.3MAMATCIENJBLvs. Q2 2021SEC
Q2 2021Jul 15, 202150$615.5MAMATCIENJBLvs. Q1 2021SEC
Q1 2021May 7, 202150$564.4MAMATCIENJBL–SEC