# Global Alpha Capital Management Ltd.

> Global Alpha Capital Management Ltd. is an SEC-registered investment advisory firm in Montreal, Qc, Canada, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 26, 2026.

- CRD: 161512
- Filed as: GLOBAL ALPHA CAPITAL MANAGEMENT LTD.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Montreal, Qc, Canada
- Filing period: October 2026
- Form ADV filing dated: June 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161512
- AdvisorCensus page: https://advisorcensus.com/firm/global-alpha-capital-management-ltd-montreal-qc-161512

## Quick answers

**How is Global Alpha Capital Management Ltd. compensated?**
On its Form ADV (Item 5.E, October 2026), Global Alpha Capital Management Ltd. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Global Alpha Capital Management Ltd. located?**
Global Alpha Capital Management Ltd.'s principal office is in Montreal, Qc, Canada, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Global Alpha Capital Management Ltd. registered with the SEC or a state?**
Global Alpha Capital Management Ltd. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161512.

**How much does Global Alpha Capital Management Ltd. manage?**
Global Alpha Capital Management Ltd. reports $6,342,626,341 in regulatory assets under management in its Form ADV filing dated June 26, 2026 (100% discretionary).

**How have Global Alpha Capital Management Ltd.'s assets and staff changed since 2021?**
In the Form ADV data for Global Alpha Capital Management Ltd.: Regulatory assets under management: $4,137,601,922 in the October 2021 data and $6,342,626,341 in the October 2026 data, up 53%. Total employees: 15 in October 2021 and 24 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Global Alpha Capital Management Ltd. serve?**
By number of clients on Form ADV Item 5.D: corporations or other businesses not listed above (57); pension and profit sharing plans (but not the plan participants or government pension plans) (34); insurance companies (19).

**Which custodians does Global Alpha Capital Management Ltd. use?**
Global Alpha Capital Management Ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, CIBC Mellon Global Securities Services Company, Desjardins, JP Morgan Chase Bank, Northern Trust Company and RBC IST as custodians holding 10% or more of its separately managed account assets.

**Does Global Alpha Capital Management Ltd. report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/161512

**What changed in Global Alpha Capital Management Ltd.'s recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Minimum annual fee: None

> There is no minimum annual fee charged.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- CIBC Mellon Global Securities Services Company
- Desjardins
- JP Morgan Chase Bank
- Northern Trust Company
- RBC IST

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $6,342,626,341
- Discretionary: $6,336,219,198
- Non-discretionary: $6,407,143

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $1,087,569,399 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 34 | $1,404,163,699 |
| Charitable organizations | Fewer than 5 | $7,692,122 |
| State or municipal government entities (including government pension plans) | 8 | $1,413,959,131 |
| Other investment advisers | 12 | $1,337,149,484 |
| Insurance companies | 19 | $405,020,664 |
| Corporations or other businesses not listed above | 57 | $614,909,279 |
| Other | 6 | $72,162,563 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2012 (14 years)
- Employees: 24 total, 21 performing advisory functions
- Wrap fee program participation: Yes
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/161512

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Vancouver, Bc

### Websites listed on Form ADV (Item 1.I)
- [cclgroup.com/globalalpha/en](https://cclgroup.com/globalalpha/en)
- LinkedIn @global-alpha-capital-management-ltd

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,137,601,922 | 15 | March 31, 2021 |
| October 2022 | $5,958,240,465 | 19 | March 31, 2022 |
| October 2023 | $5,963,677,573 | 20 | March 31, 2023 |
| October 2024 | $6,542,963,033 | 22 | March 28, 2024 |
| October 2025 | $6,030,037,376 | 25 | July 15, 2025 |
| October 2026 | $6,342,626,341 | 24 | June 26, 2026 |

Regulatory assets under management: $4,137,601,922 in the October 2021 data and $6,342,626,341 in the October 2026 data, up 53%.
Total employees: 15 in October 2021 and 24 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 22 to 21.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Global Alpha Capital Management Ltd. (CRD 161512): Form ADV filing data as of October 2026.