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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
+2.77%
1 Year Est. Return
+102.77%
3 Year Est. Return
+230.6%
5 Year Est. Return
+253.58%
10 Year Est. Return
–
AUM
$506M
AUM Growth
-$17.6M
Cap. Flow
-$18.6M
Cap. Flow %
-3.67%
Top 10 Hldgs %
43.47%
Holding
48
New
1
Increased
15
Reduced
4
Closed
2

Top Buys

Rank Stock Value
1
ULTA icon
Ulta Beauty
ULTA
+$3.25M
2
WBD icon
Warner Bros
WBD
+$2.41M
3
FSLR icon
First Solar
FSLR
+$2.18M
4
TXN icon
Texas Instruments
TXN
+$1.66M
5
INMD icon
InMode
INMD
+$1.16M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$9M
2
RH icon
RH
RH
+$6.74M
3
QCOM icon
Qualcomm
QCOM
+$6.04M
4
SEDG icon
SolarEdge
SEDG
+$5.71M
5
ANF icon
Abercrombie & Fitch
ANF
+$2.17M

Sector Composition

Rank Sector Weight
1 Technology 46.07%
2 Consumer Discretionary 21.92%
3 Industrials 15.02%
4 Healthcare 13.74%
5 Communication Services 3.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMAT icon
1
Applied Materials
AMAT
$366B
$38.5M 7.61%
163,000
– –
JBL icon
2
Jabil
JBL
$31.6B
$31.4M 6.19%
288,000
– –
CIEN icon
3
Ciena
CIEN
$53.6B
$25.5M 5.04%
529,000
+1,000
+0.2% +$47.5K
COHR icon
4
Coherent
COHR
$54.7B
$23.8M 4.71%
329,000
-19,000
-5% -$1.14M
MSI icon
5
Motorola Solutions
MSI
$80.4B
$21.9M 4.33%
57,000
– –
QCOM icon
6
Qualcomm
QCOM
$175B
$17.2M 3.39%
86,000
-32,000
-27% -$6.04M
HPQ icon
7
HP
HPQ
$27.5B
$16.8M 3.31%
479,000
+1,000
+0.2% +$31.7K
EAT icon
8
Brinker International
EAT
$9.87B
$15.3M 3.03%
212,000
+1,000
+0.5% +$59.6K
ELV icon
9
Elevance Health
ELV
$85.5B
$15.2M 3%
28,000
– –
ANF icon
10
Abercrombie & Fitch
ANF
$6.59B
$14.5M 2.86%
81,000
-15,000
-16% -$2.17M
BKNG icon
11
Booking.com
BKNG
$155B
$13.6M 2.68%
75,000
– –
J icon
12
Jacobs Solutions
J
$17.8B
$12.9M 2.56%
112,434
+1,209
+1% +$142K
CROX icon
13
Crocs
CROX
$5.86B
$12.6M 2.49%
86,000
– –
NVDA icon
14
NVIDIA
NVDA
$5.25T
$12.4M 2.46%
101,000
-89,000
-47% -$9M
TPR icon
15
Tapestry
TPR
$25B
$12.4M 2.44%
289,000
+1,000
+0.3% +$41.8K
SGI
16
Somnigroup International
SGI
$13.5B
$12.1M 2.39%
255,000
– –
NVR icon
17
NVR
NVR
$17B
$11.8M 2.32%
2,000
– –
FDX icon
18
FedEx
FDX
$78.3B
$11.4M 2.24%
38,000
– –
TXN icon
19
Texas Instruments
TXN
$236B
$11.3M 2.24%
58,000
+9,000
+18% +$1.66M
LITE icon
20
Lumentum
LITE
$80.3B
$11.1M 2.2%
219,000
+1,000
+0.5% +$45.3K
MSFT icon
21
Microsoft
MSFT
$3.81T
$10.9M 2.15%
24,000
– –
INMD icon
22
InMode
INMD
$855M
$10.8M 2.14%
593,000
+63,000
+12% +$1.16M
JCI icon
23
Johnson Controls International
JCI
$84.6B
$10.6M 2.1%
160,000
– –
ITGR icon
24
Integer Holdings
ITGR
$4.26B
$10.6M 2.1%
92,000
– –
GPN icon
25
Global Payments
GPN
$24.3B
$10.3M 2.03%
106,000
– –
1
2

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North Growth Management's Q2 2024 Portfolio in Review

As of Q2 2024, North Growth Management held 48 positions worth $506M, down 3.4% from $524M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

North Growth Management withdrew a net $18.6M in Q2 2024, closing 2 positions and reducing 4 holdings. Its most notable exit was RH, an estimated $6.74M position sold in full.

By sector, the portfolio is most concentrated in Technology at 46% of assets, up from 45% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, North Growth Management opened a new position in First Solar worth $2.34M.

  • North Growth Management's largest Q2 2024 buy was First Solar: 10,000 shares worth $2.34M.
  • North Growth Management added most to Ulta Beauty in Q2 2024, an estimated $3.25M increase.
  • North Growth Management's biggest Q2 2024 reduction was NVIDIA, cutting an estimated $9M.
  • North Growth Management fully exited RH in Q2 2024, selling an estimated $6.74M.
  • North Growth Management's ten largest holdings make up 43% of its $506M portfolio in Q2 2024.
  • North Growth Management opened 1 new position and closed 2 in Q2 2024.
  • North Growth Management's portfolio value fell 3.4% quarter-over-quarter to $506M.

Based on North Growth Management's 13F filing for Q2 2024, filed 25 Jul 2024.