# EDGAR Filing Document

**Accession Number:** 0001584691
**File Stem:** 0001584691-26-000004
**Filing Date:** 2026-2
**Character Count:** 10142
**Document Hash:** f888233662f70b0ed5497d048cbb757b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001584691-26-000004.hdr.sgml**: 20260211

**ACCESSION NUMBER**: 0001584691-26-000004

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260211

**DATE AS OF CHANGE**: 20260211

**EFFECTIVENESS DATE**: 20260211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Global Alpha Capital Management Ltd.
- **CENTRAL INDEX KEY:** 0001584691

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** Z4
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15606
- **FILM NUMBER:** 26618786

**BUSINESS ADDRESS:**
- **STREET 1:** 1800 MCGILL COLLEGE AVENUE
- **STREET 2:** SUITE 1300
- **CITY:** MONTREAL
- **STATE:** A8
- **ZIP:** H3A 3J6
- **BUSINESS PHONE:** 514-490-2779

**MAIL ADDRESS:**
- **STREET 1:** 1800 MCGILL COLLEGE AVENUE
- **STREET 2:** SUITE 1300
- **CITY:** MONTREAL
- **STATE:** A8
- **ZIP:** H3A 3J6

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Global Alpha Capital Management Ltd.<br>**Address:** 1800 MCGILL COLLEGE AVENUE<br>SUITE 1300<br>MONTREAL, A8 H3A 3J6

**Form 13F File Number:** 028-15606

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Sabrina Lacroix<br>**Title:** Chief Compliance Officer<br>**Phone:** 514-287-0110

**Signature, Place, and Date of Signing:**

Sabrina Lacroix  Montreal, A8  02-11-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 56

**Form 13F Information Table Value Total:** $1639236383

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

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|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACI WORLDWIDE INC | COM | 004498101 | BBG000PMBV39 | 31687655 | 662783 | SH |  | SOLE | 1 | 633708 | 0 | 29075 |
| ADTALEM GLOBAL ED INC | COM | 00737L103 | BBG000DQBZJ7 | 1826349 | 17651 | SH |  | SOLE | 1 | 17651 | 0 | 0 |
| ALCOA CORP | COM | 013872106 | BBG00B3T3HD3 | 56033526 | 1054451 | SH |  | SOLE | 1 | 1054451 | 0 | 0 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 | BBG000QF05R6 | 31552293 | 2453522 | SH |  | SOLE | 1 | 2353822 | 0 | 99700 |
| ANI PHARMACEUTICALS INC | COM | 00182C103 | BBG000KK1L04 | 46585257 | 590135 | SH |  | SOLE | 1 | 564081 | 0 | 26054 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 | BBG000DW4LB1 | 30476437 | 159479 | SH |  | SOLE | 1 | 152329 | 0 | 7150 |
| ATN INTL INC | COM | 00215F107 | BBG000F8RCH1 | 33219554 | 1456998 | SH |  | SOLE | 1 | 1395413 | 0 | 61585 |
| ATOUR LIFESTYLE HLDGS LTD | SPONSORED ADS | 04965M106 | BBG011C6KJG8 | 219458 | 5570 | SH |  | SOLE | 1 | 5570 | 0 | 0 |
| BALCHEM CORP | COM | 057665200 | BBG000BCY878 | 3106920 | 20259 | SH |  | SOLE | 1 | 20259 | 0 | 0 |
| BLACKBAUD INC | COM | 09227Q100 | BBG000BGGTW5 | 902627 | 14255 | SH |  | SOLE | 1 | 14255 | 0 | 0 |
| BOSTON BEER INC | CL A | 100557107 | BBG000BCZBF1 | 24006454 | 123028 | SH |  | SOLE | 1 | 117565 | 0 | 5463 |
| BOYD GROUP SERVICES INC | COM | 103310108 | BBG000GB1NC2 | 50938460 | 319783 | SH |  | SOLE | 1 | 304959 | 0 | 14824 |
| BRUNSWICK CORP | COM | 117043109 | BBG000BCWSS3 | 24389548 | 328523 | SH |  | SOLE | 1 | 314132 | 0 | 14391 |
| CAE INC | COM | 124765108 | BBG000BXWF96 | 21923413 | 720900 | SH |  | SOLE | 1 | 689800 | 0 | 31100 |
| CASELLA WASTE SYS INC | CL A | 147448104 | BBG000BT0J38 | 32156836 | 328332 | SH |  | SOLE | 1 | 314580 | 0 | 13752 |
| CERTARA INC | COM | 15687V109 | BBG00Y7BR4K3 | 1521487 | 172700 | SH |  | SOLE | 1 | 172700 | 0 | 0 |
| CLEAN ENERGY FUELS CORP | COM | 184499101 | BBG000J5J943 | 13743637 | 6544589 | SH |  | SOLE | 1 | 6260804 | 0 | 283785 |
| COMMVAULT SYS INC | COM | 204166102 | BBG000BG88X9 | 17663224 | 140900 | SH |  | SOLE | 1 | 134700 | 0 | 6200 |
| DIGI INTL INC | COM | 253798102 | BBG000BZ50L0 | 20905347 | 482914 | SH |  | SOLE | 1 | 461164 | 0 | 21750 |
| DIODES INC | COM | 254543101 | BBG000G25P51 | 42190141 | 855090 | SH |  | SOLE | 1 | 818170 | 0 | 36920 |
| DNOW INC | COM | 67011P100 | BBG005BLN209 | 36767041 | 2774871 | SH |  | SOLE | 1 | 2654894 | 0 | 119977 |
| EAGLE MATLS INC | COM | 26969P108 | BBG000BJW241 | 39836743 | 192746 | SH |  | SOLE | 1 | 184403 | 0 | 8343 |
| ENERSYS | COM | 29275Y102 | BBG000PWTD92 | 4116484 | 28051 | SH |  | SOLE | 1 | 28051 | 0 | 0 |
| EURONET WORLDWIDE INC | COM | 298736109 | BBG000BMNBY1 | 18118975 | 238063 | SH |  | SOLE | 1 | 227737 | 0 | 10326 |
| EVERCORE INC | CLASS A | 29977A105 | BBG000BP30Y0 | 40713294 | 119657 | SH |  | SOLE | 1 | 114472 | 0 | 5185 |
| FARMLAND PARTNERS INC | COM | 31154R109 | BBG005TNS0Q7 | 14503847 | 1496785 | SH |  | SOLE | 1 | 1430279 | 0 | 66506 |
| FEDERAL AGRIC MTG CORP | CL C | 313148306 | BBG000G8ZKY4 | 2968362 | 16907 | SH |  | SOLE | 1 | 16907 | 0 | 0 |
| FEDERAL SIGNAL CORP | COM | 313855108 | BBG000BJXWX2 | 47345674 | 436004 | SH |  | SOLE | 1 | 416694 | 0 | 19310 |
| GENIUS SPORTS LIMITED | SHARES CL A | G3934V109 | BBG00YXVPVC1 | 43104311 | 3911462 | SH |  | SOLE | 1 | 3741862 | 0 | 169600 |
| GENTEX CORP | COM | 371901109 | BBG000BKJ092 | 16485189 | 708431 | SH |  | SOLE | 1 | 677361 | 0 | 31070 |
| GENTHERM INC | COM | 37253A103 | BBG000BQLM34 | 37485577 | 1030673 | SH |  | SOLE | 1 | 984183 | 0 | 46490 |
| GLOBUS MED INC | CL A | 379577208 | BBG002V87SD0 | 58209228 | 666696 | SH |  | SOLE | 1 | 637892 | 0 | 28804 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 | BBG0112Z86C1 | 39932208 | 191991 | SH |  | SOLE | 1 | 183576 | 0 | 8415 |
| GXO LOGISTICS INCORPORATED | COMMON STOCK | 36262G101 | BBG00YDGX945 | 46137697 | 876476 | SH |  | SOLE | 1 | 838063 | 0 | 38413 |
| LIMONEIRA CO | COM | 532746104 | BBG000BDPC13 | 36949752 | 2926713 | SH |  | SOLE | 1 | 2800056 | 0 | 126657 |
| MONTROSE ENVIRONMENTAL GROUP | COM | 615111101 | BBG005Q29TZ4 | 3560175 | 143382 | SH |  | SOLE | 1 | 143382 | 0 | 0 |
| MUELLER WTR PRODS INC | COM SER A | 624758108 | BBG000JBC9M7 | 2214045 | 92949 | SH |  | SOLE | 1 | 92949 | 0 | 0 |
| NEXTPOWER INC | CLASS A COM | 65290E101 | BBG00835TPZ2 | 3224725 | 37019 | SH |  | SOLE | 1 | 37019 | 0 | 0 |
| ORMAT TECHNOLOGIES INC | COM | 686688102 | BBG000Q5BQ63 | 189700906 | 1720503 | SH |  | SOLE | 1 | 1638361 | 0 | 82142 |
| PACIRA BIOSCIENCES INC | COM | 695127100 | BBG0018FQNS6 | 1769157 | 68360 | SH |  | SOLE | 1 | 68360 | 0 | 0 |
| PRA GROUP INC | COM | 69354N106 | BBG000BNTW77 | 34719880 | 1962684 | SH |  | SOLE | 1 | 1875568 | 0 | 87116 |
| QUAKER HOUGHTON | COM | 747316107 | BBG000DZS2L9 | 21132009 | 153900 | SH |  | SOLE | 1 | 147300 | 0 | 6600 |
| RADNET INC | COM | 750491102 | BBG000CXSF54 | 34830858 | 488169 | SH |  | SOLE | 1 | 469316 | 0 | 18853 |
| RAYONIER INC | COM | 754907103 | BBG000BG7L34 | 35885849 | 1657545 | SH |  | SOLE | 1 | 1583763 | 0 | 73782 |
| RESIDEO TECHNOLOGIES INC | COM | 76118Y104 | BBG00HY28K89 | 20924496 | 595800 | SH |  | SOLE | 1 | 569900 | 0 | 25900 |
| RLI CORP | COM | 749607107 | BBG000BS7ZF4 | 27732067 | 433449 | SH |  | SOLE | 1 | 414389 | 0 | 19060 |
| RUSH ENTERPRISES INC | CL A | 781846209 | BBG000PLLP24 | 54613495 | 1012486 | SH |  | SOLE | 1 | 968695 | 0 | 43791 |
| SANMINA CORPORATION | COM | 801056102 | BBG000BHBTX7 | 84734324 | 564632 | SH |  | SOLE | 1 | 540176 | 0 | 24456 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 | BBG0084BBZY6 | 605850 | 21000 | SH |  | SOLE | 1 | 21000 | 0 | 0 |
| SPROTT INC | COM NEW | 852066208 | BBG000VGZPL2 | 39634823 | 404639 | SH |  | SOLE | 1 | 386724 | 0 | 17915 |
| UMB FINL CORP | COM | 902788108 | BBG000DD8WX1 | 72730129 | 632216 | SH |  | SOLE | 1 | 606239 | 0 | 25977 |
| VALMONT INDS INC | COM | 920253101 | BBG000BWB7V4 | 4851175 | 12058 | SH |  | SOLE | 1 | 12058 | 0 | 0 |
| VERICEL CORP | COM | 92346J108 | BBG000BDCM24 | 1802589 | 50058 | SH |  | SOLE | 1 | 50058 | 0 | 0 |
| VITAL FARMS INC | COM | 92847W103 | BBG006XWWBL6 | 683516 | 21400 | SH |  | SOLE | 1 | 21400 | 0 | 0 |
| WINTRUST FINL CORP | COM | 97650W108 | BBG000HD3DW5 | 33037229 | 236284 | SH |  | SOLE | 1 | 225894 | 0 | 10390 |
| ZURN ELKAY WATER SOLNS CORP | COM | 98983L108 | BBG000H8R0N8 | 3126081 | 67242 | SH |  | SOLE | 1 | 67242 | 0 | 0 |

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