North Growth Management Ltd.
North Growth Management Ltd., managed by Erica Lau, reported 48 positions worth $780.22M in its 2026 Q2 13F filing: 2 new and 1 closed.
Estimated return
Since 2025 Q2 the disclosed positions returned an estimated +111.4% against +34.4% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).
| Quarter | Fund | S&P 500 |
|---|---|---|
| 2025 Q2 | +16.1% | +11.4% |
| 2025 Q3 | +13.3% | +7.6% |
| 2025 Q4 | +17.1% | +3.1% |
| 2026 Q1 | +10.4% | -5.8% |
| 2026 Q2 | +24.3% | +15.5% |
Top holdings, 2026 Q2
| Ticker | Company | Value | Portfolio % | Change |
|---|---|---|---|---|
| AMAT | APPLIED MATERIALS | $65.75M | 8.40% | -18% |
| JBL | JABIL | $57.88M | 7.40% | -15.3% |
| CIEN | CIENA | $55.47M | 7.10% | -28% |
| LITE | LUMENTUM | $45.31M | 5.80% | NO CHANGE |
| COHR | COHERENT | $37.93M | 4.90% | -15.8% |
| EAT | BRINKER INTERNATIONAL | $24.12M | 3.10% | +1.4% |
| MSI | MOTOROLA SOLUTIONS | $23.89M | 3.10% | +11.5% |
| WST | WEST PHARMACEUTICAL SERVICES | $22.43M | 2.90% | NO CHANGE |
| JCI | JOHNSON CONTROLS | $22.23M | 2.80% | +0.7% |
| TPR | TAPESTRY | $22.16M | 2.80% | +9.4% |
| TXN | TEXAS INSTRUMENTS | $21.27M | 2.70% | -4.1% |
| NVDA | NVIDIA | $18.78M | 2.40% | +1.1% |
| WTS | WATTS WATER | $18.37M | 2.40% | NO CHANGE |
| HPQ | HP | $18.32M | 2.30% | +0.7% |
| IQV | IQVIA | $17.11M | 2.20% | +17.1% |
| BKNG | BOOKING HOLDINGS | $16.48M | 2.10% | -8% |
| TMO | THERMO FISHER SCIENTIFIC | $16.03M | 2.10% | +18.5% |
| SGI | SOMNIGROUP INTERNATIONAL | $15.99M | 2.00% | +1% |
| ITGR | INTEGER HOLDINGS | $15.02M | 1.90% | +1.3% |
| CROX | CROCS | $14.92M | 1.90% | +0.8% |
| GPN | GLOBAL PAYMENTS | $14.89M | 1.90% | +15.2% |
| URI | UNITED RENTALS | $14.26M | 1.80% | -7.1% |
| WBD | WARNER BROS DISCOVERY INC | $13.79M | 1.80% | +0.8% |
| AAPL | APPLE | $13.36M | 1.70% | +12.2% |
| ADBE | ADOBE SYSTEMS | $12.59M | 1.60% | +60.5% |
| ELV | ELEVANCE HEALTH | $11.52M | 1.50% | +15.4% |
| ANF | ABERCROMBIE & FITCH | $11.10M | 1.40% | +0.8% |
| NVR | NVR | $10.89M | 1.40% | NO CHANGE |
| BIIB | BIOGEN | $10.84M | 1.40% | +42.9% |
| AZO | AUTOZONE | $10.64M | 1.40% | NO CHANGE |
| J | JACOBS SOLUTIONS | $10.31M | 1.30% | +1.2% |
| ULTA | ULTA BEAUTY | $9.55M | 1.20% | NO CHANGE |
| ALGN | ALIGN TECHNOLOGY | $9.45M | 1.20% | +21.7% |
| ODFL | OLD DOMINION FREIGHT LINE | $9.13M | 1.20% | +23.5% |
| MCO | MOODY'S | $8.12M | 1.00% | NEW |
| NKE | NIKE CL B | $7.33M | 0.94% | +33.6% |
| EA | ELECTRONIC ARTS INC | $7.28M | 0.93% | +2.9% |
| MSFT | MICROSOFT | $7.27M | 0.93% | NO CHANGE |
| ARHS | ARHAUS | $6.87M | 0.88% | +0.7% |
| FBIN | FORTUNE BRANDS | $6.77M | 0.87% | +0.8% |
| QCOM | QUALCOMM | $5.98M | 0.77% | -28.9% |
| FDX | FEDEX CORP | $4.67M | 0.60% | -21.1% |
| MBC | MASTERBRAND | $4.46M | 0.57% | +0.7% |
| FSLR | FIRST SOLAR INC | $3.64M | 0.47% | NO CHANGE |
| AMTM | AMENTUM HOLDINGS | $3.57M | 0.46% | +0.6% |
| ZYME | ZYMEWORKS INC | $1.20M | 0.15% | NO CHANGE |
| FDXF | FEDEX FREIGHT | $1.13M | 0.14% | NEW |
| LULU | LULULEMON ATHLETICA | $154.00K | 0.02% | NO CHANGE |
All funds · Hedge Fund Tracker
Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.