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NGM
North Growth Management Portfolio holdings
AUM
$780M
1-Year Est. Return
102.77%
This Fund
S&P 500
This Quarter
Est. Return
+17.75%
1 Year Est. Return
+102.77%
3 Year Est. Return
+230.6%
5 Year Est. Return
+253.58%
10 Year Est. Return
–
AUM
$374M
AUM Growth
+$16.9M
(+4.7%)
Cap. Flow
-$38.8M
Cap. Flow
% of AUM
-10.37%
Top 10 Holdings %
Top 10 Hldgs %
40.97%
Holding
44
New
1
Increased
–
Reduced
8
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Urban Outfitters
URBN
|
+$2.28M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FNSR
Finisar Corp
FNSR
|
+$9M |
| 2 |
SolarEdge
SEDG
|
+$8.79M |
| 3 |
Apple
AAPL
|
+$6.45M |
| 4 |
Cisco
CSCO
|
+$3.89M |
| 5 |
Intel
INTC
|
+$3.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 48.04% |
| 2 | Healthcare | 27.86% |
| 3 | Consumer Discretionary | 11.49% |
| 4 | Industrials | 10.1% |
| 5 | Communication Services | 2.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Cisco
CSCO
$433B
| $26.2M | 6.99% |
485,000
-80,000
| -14% | -$3.89M |
|
2
First Solar
FSLR
$22B
| $19.2M | 5.13% |
364,000
| – | – |
|
|
CELG
3
DELISTED
Celgene Corp
CELG
| $16.8M | 4.49% |
178,000
| – | – |
|
|
4
Intel
INTC
$473B
| $16.8M | 4.48% |
312,000
-70,000
| -18% | -$3.55M |
|
5
American Eagle Outfitters
AEO
$2.83B
| $14.8M | 3.95% |
666,000
| – | – |
|
6
Applied Materials
AMAT
$366B
| $14.3M | 3.83% |
361,000
| – | – |
|
7
Ciena
CIEN
$53.6B
| $12.1M | 3.24% |
325,000
| – | – |
|
8
Amgen
AMGN
$234B
| $11.4M | 3.05% |
60,000
| – | – |
|
9
Zimmer Biomet
ZBH
$19.2B
| $11M | 2.95% |
89,610
| – | – |
|
10
Jabil
JBL
$31.6B
| $10.7M | 2.86% |
403,000
| – | – |
|
|
11
Apple
AAPL
$4.67T
| $10.7M | 2.86% |
224,000
-152,000
| -40% | -$6.45M |
|
12
Gilead Sciences
GILD
$181B
| $10.4M | 2.78% |
160,000
| – | – |
|
13
Abbott
ABT
$195B
| $9.69M | 2.59% |
121,000
-26,000
| -18% | -$1.93M |
|
14
Johnson Controls International
JCI
$84.6B
| $9.44M | 2.52% |
256,000
| – | – |
|
|
EA
15
DELISTED
Electronic Arts
EA
| $9.41M | 2.51% |
93,000
| – | – |
|
16
Motorola Solutions
MSI
$80.4B
| $9.37M | 2.5% |
67,000
| – | – |
|
17
Boston Scientific
BSX
$67.9B
| $9.31M | 2.49% |
243,000
-50,000
| -17% | -$1.91M |
|
18
Pfizer
PFE
$159B
| $9.2M | 2.46% |
228,718
| – | – |
|
19
HP
HPQ
$27.5B
| $9.14M | 2.44% |
471,000
| – | – |
|
20
FedEx
FDX
$78.3B
| $8.94M | 2.39% |
49,000
| – | – |
|
|
TPIC
21
DELISTED
TPI Composites
TPIC
| $8.78M | 2.35% |
307,000
| – | – |
|
|
CERN
22
DELISTED
Cerner Corp
CERN
| $8.23M | 2.2% |
144,000
| – | – |
|
23
MillerKnoll
MLKN
$1.58B
| $8.07M | 2.15% |
229,000
| – | – |
|
|
DSPG
24
DELISTED
DSP Group Inc
DSPG
| $7.78M | 2.08% |
553,000
-244,000
| -31% | -$3.17M |
|
|
SKX
25
DELISTED
Skechers
SKX
| $7.73M | 2.07% |
230,000
| – | – |
|
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North Growth Management's Q1 2019 Portfolio in Review
As of Q1 2019, North Growth Management held 44 positions worth $374M, up 4.7% from $358M the previous quarter. Its ten largest holdings account for 41% of the portfolio.
North Growth Management withdrew a net $38.8M in Q1 2019, closing 2 positions and reducing 8 holdings. Its most notable exit was Finisar Corp, an estimated $9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 48% of assets, down from 53% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, North Growth Management opened a new position in Urban Outfitters worth $2.18M.
- North Growth Management's largest Q1 2019 buy was Urban Outfitters: 74,000 shares worth $2.18M.
- North Growth Management's biggest Q1 2019 reduction was SolarEdge, cutting an estimated $8.79M.
- North Growth Management fully exited Finisar Corp in Q1 2019, selling an estimated $9M.
- North Growth Management's ten largest holdings make up 41% of its $374M portfolio in Q1 2019.
- North Growth Management opened 1 new position and closed 2 in Q1 2019.
- North Growth Management's portfolio value rose 4.7% quarter-over-quarter to $374M.
Based on North Growth Management's 13F filing for Q1 2019, filed 10 May 2019.