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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
+18.6%
1 Year Est. Return
+102.77%
3 Year Est. Return
+230.6%
5 Year Est. Return
+253.58%
10 Year Est. Return
–
AUM
$440M
AUM Growth
+$39.4M
(+9.8%)
Cap. Flow
-$20.8M
Cap. Flow
% of AUM
-4.72%
Top 10 Holdings %
Top 10 Hldgs %
41.18%
Holding
47
New
1
Increased
3
Reduced
6
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Align Technology
ALGN
|
+$1M |
| 2 |
MasterBrand
MBC
|
+$803K |
| 3 |
Canadian Solar
CSIQ
|
+$202K |
| 4 |
Warner Bros
WBD
|
+$135K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Funko
FNKO
|
+$8.86M |
| 2 |
Generac Holdings
GNRC
|
+$5.14M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$2.41M |
| 4 |
SGI
Somnigroup International
SGI
|
+$2.26M |
| 5 |
Crocs
CROX
|
+$1.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 43.13% |
| 2 | Consumer Discretionary | 22.44% |
| 3 | Healthcare | 19.44% |
| 4 | Industrials | 11.8% |
| 5 | Communication Services | 3.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Ciena
CIEN
$53.6B
| $26.8M | 6.1% |
527,000
| – | – |
|
2
Jabil
JBL
$31.6B
| $26.4M | 5.99% |
387,000
| – | – |
|
|
HZNP
3
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $18.1M | 4.12% |
159,000
| – | – |
|
4
D.R. Horton
DHI
$41.2B
| $17M | 3.87% |
191,000
| – | – |
|
5
Applied Materials
AMAT
$366B
| $16.6M | 3.77% |
170,000
| – | – |
|
6
Elevance Health
ELV
$85.5B
| $16.4M | 3.72% |
32,000
| – | – |
|
|
7
Bristol-Myers Squibb
BMY
$136B
| $16.1M | 3.65% |
223,000
-32,000
| -13% | -$2.41M |
|
8
Motorola Solutions
MSI
$80.4B
| $15.3M | 3.48% |
59,000
| – | – |
|
9
SolarEdge
SEDG
$1.93B
| $14.9M | 3.39% |
53,000
| – | – |
|
10
Qualcomm
QCOM
$175B
| $13.6M | 3.09% |
124,000
| – | – |
|
11
HP
HPQ
$27.5B
| $13.5M | 3.06% |
501,000
| – | – |
|
12
RH
RH
$2.83B
| $12M | 2.74% |
45,000
| – | – |
|
13
Jacobs Solutions
J
$17.8B
| $11.6M | 2.64% |
117,270
| – | – |
|
14
Tapestry
TPR
$25B
| $11.4M | 2.6% |
300,000
| – | – |
|
15
Best Buy
BBY
$17.4B
| $10.8M | 2.46% |
135,000
| – | – |
|
16
Coherent
COHR
$54.7B
| $10.8M | 2.45% |
307,000
| – | – |
|
17
Lumentum
LITE
$80.3B
| $10.7M | 2.44% |
205,000
| – | – |
|
18
Johnson Controls International
JCI
$84.6B
| $10.7M | 2.43% |
167,000
| – | – |
|
|
SGI
19
Somnigroup International
SGI
$13.5B
| $10.4M | 2.36% |
302,000
-75,000
| -20% | -$2.26M |
|
|
FISV
20
Fiserv Inc
FISV
$28.3B
| $10.2M | 2.32% |
101,000
| – | – |
|
21
InMode
INMD
$855M
| $10.1M | 2.3% |
283,000
| – | – |
|
22
FedEx
FDX
$78.3B
| $9.21M | 2.09% |
53,000
| – | – |
|
|
23
Crocs
CROX
$5.86B
| $9.07M | 2.06% |
84,000
-14,000
| -14% | -$1.24M |
|
24
Texas Instruments
TXN
$236B
| $8.47M | 1.92% |
51,000
| – | – |
|
|
EA
25
DELISTED
Electronic Arts
EA
| $8M | 1.82% |
66,000
| – | – |
|
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North Growth Management's Q4 2022 Portfolio in Review
As of Q4 2022, North Growth Management held 47 positions worth $440M, up 9.8% from $401M the previous quarter. Its ten largest holdings account for 41% of the portfolio.
North Growth Management withdrew a net $20.8M in Q4 2022, closing 2 positions and reducing 6 holdings. Its most notable exit was Funko, an estimated $8.86M position sold in full.
By sector, the portfolio is most concentrated in Technology at 43% of assets, down from 43% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, North Growth Management opened a new position in MasterBrand worth $741K.
- North Growth Management's largest Q4 2022 buy was MasterBrand: 98,000 shares worth $741K.
- North Growth Management added most to Align Technology in Q4 2022, an estimated $1M increase.
- North Growth Management's biggest Q4 2022 reduction was Bristol-Myers Squibb, cutting an estimated $2.41M.
- North Growth Management fully exited Funko in Q4 2022, selling an estimated $8.86M.
- North Growth Management's ten largest holdings make up 41% of its $440M portfolio in Q4 2022.
- North Growth Management opened 1 new position and closed 2 in Q4 2022.
- North Growth Management's portfolio value rose 9.8% quarter-over-quarter to $440M.
Based on North Growth Management's 13F filing for Q4 2022, filed 9 Feb 2023.