North Growth Management Ltd.: Q2 2026 Portfolio Shifts Highlight Significant Technology and Consumer Activity
This quarter, North Growth Management Ltd.'s portfolio saw substantial changes with notable additions to Booking Holdings (BKNG) and ADOBE SYSTEMS (ADBE), alongside significant reductions in Applied Materials (AMAT).
North Growth Management Ltd. has reported its investment activities for the period ending June 30, 2026 (View Full Report). The portfolio's total value stands at $779,109. Overall holdings increased slightly to 47 positions.
The investor demonstrated a clear focus on Technology and Consumer Cyclical sectors during this quarter. In the Technology sector, significant reductions were observed in major holdings like Applied Materials (AMAT) (-18% weight) and CIENA (CIEN) (-28% weight). Conversely, the investor significantly increased its stake in several Technology companies.
The most prominent purchase was a substantial increase in Booking Holdings (BKNG), which saw an unprecedented 2,200% jump in its portfolio allocation. This suggests strong confidence or alignment with the travel company's performance or outlook during this period. Additionally, Adobe Systems (ADBE) experienced a significant 605% rise in its position within just one quarter.
In the Consumer Cyclical sector, North Growth Management Ltd. made notable additions with NIKE CL B (NKE) and increased its stake in Booking Holdings further. The investor also added positions to other Consumer Cyclical stocks like TAPESTRY (TPR). However, the Technology sector's JABIL (JBL) saw a significant reduction of 15.25% weight.
Across other sectors, North Growth Management Ltd. showed activity in Healthcare and Industrials. In Healthcare, notable additions included MOODY'S (MCO) with an absolute 100% increase in its position allocation, representing a major new investment for the firm. The investor also added to IQVIA (IQV). In Industrials, additions were seen in GLOBAL PAYMENTS (GPN) and a slight increase in Johnson Controls (JCI).
The portfolio's sector allocation remains dominated by Technology at 49.73%, followed closely by Consumer Cyclical at 19.85%. Changes occurred across multiple sectors, with the Technology sector experiencing both major reductions and significant additions during this quarter.