Altshuler Shaham Ltd

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Altshuler Shaham Ltd reported 296 stock positions worth $3.1 billion. Its top holding was Caterpillar (CAT) at 11.6% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 10.8%) and Elbit Systems (ESLT, 10.3%). Compared with Q1 2025, it opened 56 new positions, sold out of 54, added to 119 and reduced 69. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +184%) and the biggest sale Microsoft (MSFT, shares −96%).

Most Recent 13F
Q2 2026
Location
Tel Aviv, L3
CIK
0001324290
Portfolio Value
$3.1B (Q2 2025)
SEC Filing
0001213900-25-076263 ↗ filed Aug 14, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $2.5B Q1 2024 Q2 2024: $2.9B Q2 2024 Q3 2024: $1.7B Q3 2024 Q4 2024: $2.9B Q4 2024 Q1 2025: $4.1B Q1 2025 Q2 2025: $3.1B $3.1B Q2 2025 Q3 2025: $6.0B Q3 2025 Q4 2025: $6.5B Q4 2025 Q1 2026: $5.5B Q1 2026 Q2 2026: $8.0B Q2 2026

Holdings 296 stocks · $3.1B
CAT Caterpillar Inc. 11.55% 932,615 $362.1M Reduce -6.8%
TSM Taiwan Semiconductor-SP ADR 10.80% 1,493,900 $338.4M Add +184.1%
ESLT Elbit Systems Ltd. 10.34% 729,598 $324.1M Reduce -0.7%
PANW Palo Alto Networks Inc. 8.77% 1,343,724 $275.0M Add +28.8%
AMZN Amazon.com Inc. 6.22% 888,969 $195.0M Reduce -62.3%
GOOGL Alphabet Inc. Class A 5.22% 928,219 $163.6M Reduce -50.6%
ZM Zoom Communications Inc. 5.07% 2,039,334 $159.0M Reduce -0.8%
META Meta Platforms Inc. Class A 4.61% 195,877 $144.6M Reduce -49.0%
WFC Wells Fargo & Co. 4.40% 1,723,000 $138.0M New
ICE Intercontinental Exchange Inc. 4.13% 705,500 $129.4M Add +0.9%
NTR Nutrien Ltd. 3.97% 2,136,696 $124.4M No change
NVMI Nova Ltd. 3.54% 392,200 $110.8M Add +22273.1%
ENTG Entegris Inc. 3.15% 1,224,100 $98.7M New
UBER Uber Technologies Inc. 2.94% 989,174 $92.3M Reduce -0.8%
HLN Haleon PLC-ADR 2.63% 7,938,977 $82.3M No change
LGIH Lgi Homes Inc. 1.27% 772,998 $39.8M Add +26.1%
UPB Upstream Bio Inc. 1.19% 3,394,441 $37.3M Add +4.9%
MSFT Microsoft Corp. 0.97% 61,193 $30.4M Reduce -96.1%
ETOR Etoro Group Ltd. Class A 0.85% 399,995 $26.6M New
GEV GE Vernova Inc. 0.58% 34,506 $18.3M Reduce -22.4%
PFLT Pennantpark Floating Rate Ca 0.57% 1,730,086 $17.9M Add +10.0%
TEVA Teva Pharmaceutical-SP ADR 0.46% 854,157 $14.3M Add +23.0%
FCX Freeport-McMoran Inc. 0.38% 273,784 $11.9M Add +33.0%
NVDA Nvidia Corp. 0.34% 66,574 $10.5M Reduce -5.7%
ICL Icl Group Ltd. 0.31% 1,403,398 $9.6M Reduce -13.1%
ORCL Oracle Corp. 0.30% 43,635 $9.5M Reduce -98.5%
AAPL Apple Inc. 0.27% 41,383 $8.5M Reduce -96.2%
KEN Kenon Holdings Ltd. 0.27% 205,615 $8.5M Add +17.4%
CEG Constellation Energy 0.26% 25,437 $8.2M Reduce -0.7%
SNOW Snowflake Inc. 0.20% 27,712 $6.2M Reduce -17.5%
UNH Unitedhealth Group Inc. 0.19% 19,300 $6.0M New
TLN Talen Energy Corp. 0.18% 19,412 $5.6M Reduce -49.8%
VST Vistra Corp. 0.18% 28,646 $5.6M Add +147.3%
WMT Walmart Inc. 0.16% 52,813 $5.2M Add +467.2%
NRG NRG Energy Inc. 0.16% 31,887 $5.1M Add +437.1%
GS Goldman Sachs Group Inc. 0.16% 6,888 $4.9M Add +44.4%
APP AppLovin Corp. Class A 0.14% 12,800 $4.5M Reduce -21.3%
DELEK LOGISTICS PARTNERS LP 0.12% 18,582 $3.8M Add +48.5%
LNG Cheniere Energy Inc. 0.11% 14,426 $3.5M New
NKE Nike Inc. Class B 0.11% 47,441 $3.4M Reduce -37.4%
TSLA Tesla Inc. 0.10% 9,672 $3.1M Reduce -43.7%
INMD Inmode Ltd. 0.10% 207,000 $3.0M New
SKX Skechers USA Inc. Class A 0.09% 43,700 $2.8M New
SHEL Shell PLC-ADR 0.08% 37,000 $2.6M No change
CROX Crocs Inc. 0.08% 25,515 $2.6M Reduce -94.3%
NUE Nucor Corp. 0.07% 16,592 $2.1M Reduce -35.0%
ABNB Airbnb Inc. Class A 0.07% 16,151 $2.1M No change
PWR Quanta Services Inc. 0.07% 5,631 $2.1M Add +77.8%
ETN Eaton Corp. PLC 0.06% 5,459 $1.9M Add +46.9%
MDB Mongodb Inc. 0.06% 9,182 $1.9M Reduce -7.9%
NFLX Netflix Inc. 0.06% 1,361 $1.8M Reduce -13.6%
GSK GSK PLC-Spon ADR 0.06% 47,000 $1.8M Reduce -17.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.06% 37,898 $1.8M No change
CP Canadian Pacific Kansas City 0.05% 21,565 $1.7M No change
ADBE Adobe Inc. 0.05% 4,191 $1.6M Add +23183.3%
AVB Avalonbay Communities Inc. 0.05% 7,800 $1.6M No change
ODD Oddity Tech Ltd. Class A 0.05% 20,323 $1.5M Reduce -16.4%
BKNG Booking Holdings Inc. 0.05% 258 $1.5M No change
MELI MercadoLibre Inc. 0.04% 526 $1.4M No change
KMI Kinder Morgan Inc. 0.04% 46,002 $1.4M Add +21.3%
VRTX Vertex Pharmaceuticals Inc. 0.04% 3,020 $1.3M No change
CHKP Check Point Software Tech 0.04% 6,000 $1.3M No change
AMT American Tower Corp. 0.04% 6,000 $1.3M Reduce -98.9%
S Sentinelone Inc. Class A 0.04% 71,900 $1.3M Add +77.5%
NYAX Nayax Ltd. 0.04% 26,048 $1.3M Add +85.8%
FSLR First Solar Inc. 0.04% 7,810 $1.3M Reduce -20.2%
BDC Belden Inc. 0.04% 30,851 $1.3M Add +398.9%
CHWY Chewy Inc. Class A 0.04% 28,000 $1.2M Reduce -20.0%
IBKR Interactive Brokers Gro Class A 0.04% 20,000 $1.1M No change
PERI Perion Network Ltd. 0.03% 101,972 $1.0M Add +127.6%
SO The Southern Co. 0.03% 11,192 $1.0M Add +178.8%
VNT Vontier Corp. 0.03% 26,000 $959K No change
SMR Nuscale Power Corp. 0.03% 24,107 $954K Add +5.5%
IP International Paper Co. 0.03% 19,750 $925K Add +21.5%
AEP American Electric Power 0.03% 8,723 $905K Add +54.7%
HIPO Hippo Holdings Inc. 0.03% 31,600 $883K New
JPM JPMorgan Chase & Co. 0.03% 3,000 $870K No change
CCJ Cameco Corp. 0.03% 11,663 $866K Add +60.7%
UPST Upstart Holdings Inc. 0.03% 13,000 $841K Add +23.8%
GTLB Gitlab Inc. Class A 0.02% 17,000 $767K Add +109.9%
SPOT Spotify Technology SA 0.02% 975 $748K Add +0.2%
HLT Hilton Worldwide Holdings Inc. 0.02% 2,781 $741K No change
MRNA Moderna Inc. 0.02% 26,800 $739K Add +42.5%
WMB Williams Cos Inc. 0.02% 11,628 $730K Add +37.2%
PTON Peloton Interactive Inc. Class A 0.02% 100,000 $694K New
EME Emcor Group Inc. 0.02% 1,250 $669K Add +51.3%
GTLS Chart Industries Inc. 0.02% 4,000 $659K Add +100.0%
TSEM Tower Semiconductor Ltd. 0.02% 15,134 $656K Reduce -83.8%
MAR Marriott International Class A 0.02% 2,360 $645K No change
AFRM Affirm Holdings Inc. 0.02% 9,100 $629K Add +33.8%
HUBB Hubbell Inc. 0.02% 1,530 $625K Add +34.0%
D Dominion Energy Inc. 0.02% 10,598 $599K Add +27.6%
ZS Zscaler Inc. 0.02% 1,900 $596K Reduce -59.5%
NEE Nextera Energy Inc. 0.02% 8,526 $592K Add +36.0%
MU Micron Technology Inc. 0.02% 4,636 $571K Reduce -85.0%
FORTY Formula Systems 1985-SP ADR 0.02% 4,240 $539K Add +8.0%
PINS Pinterest Inc. Class A 0.02% 15,000 $538K Add +20.0%
GILT Gilat Satellite Networks Ltd. 0.02% 72,183 $526K New
RCL Royal Caribbean Cruises Ltd. 0.02% 1,650 $517K No change
ETR Entergy Corp. 0.02% 6,089 $506K Add +38.1%
XEL Xcel Energy Inc. 0.02% 7,291 $497K Add +42.8%
MNST Monster Beverage Corp. 0.02% 7,924 $496K Reduce -0.1%
OPEN Opendoor Technologies Inc. 0.02% 925,600 $493K No change
WEC WEC Energy Group Inc. 0.02% 4,722 $492K Add +37.1%
DAL Delta Air Lines Inc. 0.01% 9,571 $471K Add +3.9%
ORA Ormat Technologies Inc. 0.01% 5,519 $455K Reduce -60.6%
H Hyatt Hotels Corp. Class A 0.01% 3,217 $449K No change
TDG Transdigm Group Inc. 0.01% 292 $444K No change
ENLT Enlight Renewable Energy Ltd. 0.01% 19,533 $443K Reduce -89.6%
BWXT BWX Technologies Inc. 0.01% 3,053 $440K Add +53.2%
CW Curtiss-Wright Corp. 0.01% 881 $430K Add +32.3%
MTZ Mastec Inc. 0.01% 2,499 $426K Add +43.8%
EQT Eqt Corp. 0.01% 7,102 $414K Add +49.8%
PEG Public Service Enterprise GP 0.01% 4,900 $412K Add +14.9%
SN Sharkninja Inc. 0.01% 4,153 $411K No change
GRMN Garmin Ltd. 0.01% 1,877 $392K No change
SRE Sempra 0.01% 5,129 $389K Add +20.1%
FIX Comfort Systems USA Inc. 0.01% 706 $379K Add +23.9%
NXT Nextpower Inc. filed as NEXTRACKER INC 0.01% 6,923 $376K Add +16.1%
CAMT Camtek Ltd. 0.01% 4,136 $356K Add +144.6%
IEX Idex Corp. 0.01% 1,965 $345K No change
AIR PRODUCTS AND CHEMICALS I 0.01% 1,217 $343K No change
AA Alcoa Corp. 0.01% 11,361 $335K Reduce -14.6%
AR Antero Resources Corp. 0.01% 7,881 $317K Add +24.2%
UEC Uranium Energy Corp. 0.01% 44,619 $303K Add +36.5%
VLTO Veralto Corp. 0.01% 3,000 $303K No change
PNR Pentair PLC 0.01% 2,828 $290K No change
ANF Abercrombie & Fitch Co. Class A 0.01% 3,500 $290K No change
NICE Nice Ltd. - Spon ADR 0.01% 1,601 $271K Reduce -8.9%
BLDR Builders Firstsource Inc. 0.01% 2,250 $263K New
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.01% 3,000 $255K Add +20.0%
NXE Nexgen Energy Ltd. 0.01% 36,490 $253K Add +29.0%
TECK Teck Resources Ltd.-CLS B 0.01% 6,266 $253K Add +15.1%
EBAY eBay Inc. 0.01% 3,253 $242K Reduce -99.8%
SONY GROUP CORP 0.01% 531,786 $232K No change
DXCM Dexcom Inc. 0.01% 2,500 $218K New
ONON On Holding AG Class A filed as ON HLDG AG 0.01% 4,150 $216K No change
LEU Centrus Energy Corp. Class A 0.01% 1,177 $216K New
QCOM Qualcomm Inc. 0.01% 1,341 $214K Add +2.3%
FLNC Fluence Energy Inc. 0.01% 31,415 $211K Add +149.6%
MIR Mirion Technologies Inc. 0.01% 9,519 $205K New
REYN Reynolds Consumer Products I 0.01% 1,381 $198K No change
EXE Expand Energy Corp. 0.01% 1,668 $195K New
CCEP Coca-Cola Europacific Partne 0.01% 2,100 $195K No change
NI Nisource Inc. 0.01% 4,780 $193K New
UAL United Airlines Holdings Inc. 0.01% 2,016 $161K Add +12.0%
DKNG Draftkings Inc. Class A 0.00% 3,000 $129K New
SATL Satellogic Inc. Class A 0.00% 171,946 $74K No change
TBLA Taboola.com Ltd. 0.00% 179,859 $43K Reduce -58.8%
ZIM Zim Integrated Shipping Serv 0.00% 2,500 $40K Add +66.7%
ECX Ecarx Holdings Inc. Class A 0.00% 599,992 $36K No change
OPK Opko Health Inc. 0.00% 22,471 $30K Reduce -98.5%
ORMP Oramed Pharmaceuticals Inc. 0.00% 11,854 $27K No change
SYF Synchrony Financial 0.00% 305 $20K Add +5.9%
JEF Jefferies Financial Group Inc. 0.00% 360 $20K New
OMF Onemain Holdings Inc. 0.00% 341 $19K Add +1.5%
IVZ Invesco Ltd. 0.00% 1,224 $19K New
CVS CVS Health Corp. 0.00% 278 $19K Reduce -16.0%
MGM MGM Resorts International 0.00% 552 $19K Add +7.8%
R Ryder System Inc. 0.00% 119 $19K Add +2.6%
LAD Lithia Motors Inc. 0.00% 56 $19K New
ARW Arrow Electronics Inc. 0.00% 147 $19K Reduce -7.5%
MTDR Matador Resources Co. 0.00% 392 $19K Add +17.4%
NXST Nexstar Media Group Inc. 0.00% 107 $19K Reduce -3.6%
CHRD Chord Energy Corp. 0.00% 191 $18K Add +21.7%
GPN Global Payments Inc. 0.00% 230 $18K New
CNH CNH Industrial NV 0.00% 1,419 $18K Reduce -9.7%
MHK Mohawk Industries Inc. 0.00% 175 $18K New
GAP The Gap Inc. 0.00% 840 $18K Add +13.5%
CMCSA Comcast Corp. Class A 0.00% 513 $18K Add +13.5%
APTV Aptiv PLC 0.00% 268 $18K Reduce -21.4%
PR Permian Resources Corp. Class A 0.00% 1,341 $18K New
AES AES Corp. 0.00% 1,736 $18K New
GM General Motors Co. 0.00% 370 $18K Add +2.8%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.00% 311 $18K Reduce -16.8%
UGI Ugi Corp. 0.00% 498 $18K Reduce -25.1%
APA Apa Corp. 0.00% 985 $18K Add +13.7%
OVV Ovintiv Inc. 0.00% 473 $18K Add +4.9%
HAL Halliburton Co. 0.00% 882 $18K New
PLX Protalix Biotherapeutics Inc. 0.00% 12,142 $18K No change
DVN Devon Energy Corp. 0.00% 559 $18K Add +5.5%
RITM Rithm Capital Corp. 0.00% 1,575 $18K New
LEN Lennar Corp. Class A 0.00% 160 $18K New
VZ Verizon Communications Inc. 0.00% 408 $18K Reduce -9.7%
NLY Annaly Capital Management Inc. 0.00% 930 $18K New
ADT Adt Inc. 0.00% 2,053 $17K Reduce -18.9%
ALK Alaska Air Group Inc. 0.00% 345 $17K Reduce -2.3%
KHC The Kraft Heinz Co. 0.00% 661 $17K New
EIX Edison International 0.00% 325 $17K New
TAP Molson Coors Beverage Co. Class B 0.00% 335 $16K Add +7.7%
LRCX Lam Research Corp. 0.00% 154 $15K Add +29.4%
AMAT Applied Materials Inc. 0.00% 81 $15K Add +44.6%
ACN Accenture PLC Class A 0.00% 41 $12K Add +57.7%
ARM Arm Holdings PLC-ADR 0.00% 68 $11K Add +74.4%
AMD Advanced Micro Devices 0.00% 75 $11K Add +97.4%
ADI Analog Devices Inc. 0.00% 41 $10K Add +64.0%
TXN Texas Instruments Inc. 0.00% 47 $10K Add +67.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.00% 33 $10K Add +37.5%
CRWD CrowdStrike Holdings Inc. Class A 0.00% 19 $10K New
APH Amphenol Corp. Class A 0.00% 97 $10K New
CSCO Cisco Systems Inc. 0.00% 138 $10K Add +48.4%
ANET Arista Networks Inc. 0.00% 93 $10K Add +78.8%
INTU Intuit Inc. 0.00% 12 $9K Add +50.0%
AVGO Broadcom Inc. 0.00% 34 $9K Add +6.3%
CRM Salesforce Inc. 0.00% 34 $9K Add +126.7%
NOW ServiceNow Inc. 0.00% 9 $9K Add +80.0%
SPGI S&P Global Inc. 0.00% 17 $9K Add +54.5%
LIVEPERSON INC 0.00% 7,783 $7K Reduce -2.0%
NVR NVR Inc. 0.00% 1 $7K No change
ARBE Arbe Robotics Ltd. 0.00% 3,044 $6K Add +191.6%
AAMI Acadian Asset Management Inc. 0.00% 138 $5K Reduce -14.8%
NEU Newmarket Corp. 0.00% 7 $5K New
MTD Mettler-Toledo International 0.00% 4 $5K Add +33.3%
DFIN Donnelley Financial Solution 0.00% 75 $5K New
BBW Build-A-Bear Workshop Inc. 0.00% 89 $5K Reduce -4.3%
MCO Moody's Corp. 0.00% 9 $5K Add +12.5%
KLAC KLA Corp. 0.00% 5 $4K No change
MTG Mgic Investment Corp. 0.00% 159 $4K New
SEIC Sei Investments Company 0.00% 49 $4K Reduce -2.0%
AWI Armstrong World Industries 0.00% 27 $4K Add +8.0%
RMD Resmed Inc. 0.00% 17 $4K No change
TT Trane Technologies PLC 0.00% 10 $4K Reduce -9.1%
LECO Lincoln Electric Holdings 0.00% 21 $4K Add +5.0%
MANH Manhattan Associates Inc. 0.00% 22 $4K Add +57.1%
ADSK Autodesk Inc. 0.00% 14 $4K No change
VRSN Verisign Inc. 0.00% 15 $4K Reduce -6.3%
CORT Corcept Therapeutics Inc. 0.00% 59 $4K Reduce -14.5%
EXEL Exelixis Inc. 0.00% 98 $4K Reduce -1.0%
YUM Yum! Brands Inc. 0.00% 29 $4K New
WRLD World Acceptance Corp. 0.00% 26 $4K Reduce -13.3%
IDXX Idexx Laboratories Inc. 0.00% 8 $4K Reduce -11.1%
QLYS Qualys Inc. 0.00% 30 $4K Add +3.5%
LAUR Laureate Education Inc. 0.00% 183 $4K Reduce -5.2%
HCKT The Hackett Group Inc. 0.00% 168 $4K Add +29.2%
GFF Griffon Corp. 0.00% 59 $4K Add +7.3%
WSM Williams-Sonoma Inc. 0.00% 26 $4K Add +30.0%
FAST Fastenal Co. 0.00% 101 $4K Reduce -1.0%
MCRI Monarch Casino & Resort Inc. 0.00% 49 $4K Add +13.9%
EXPD Expeditors Intl Wash Inc. 0.00% 37 $4K New
TPL Texas Pacific Land Corp. 0.00% 4 $4K Add +33.3%
GOLF Acushnet Holdings Corp. 0.00% 58 $4K No change
ODFL Old Dominion Freight Line 0.00% 26 $4K Add +18.2%
GGG Graco Inc. 0.00% 49 $4K New
ULTA Ulta Beauty Inc. 0.00% 9 $4K Reduce -18.2%
MSI Motorola Solutions Inc. 0.00% 10 $4K New
ITW Illinois Tool Works 0.00% 17 $4K Add +13.3%
AOS Smith (a.o.) Corp. 0.00% 64 $4K Add +10.3%
CL Colgate-Palmolive Co. 0.00% 46 $4K Add +9.5%
DDS Dillards Inc. Class A 0.00% 10 $4K Reduce -9.1%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.00% 4 $4K No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.00% 23 $4K New
UI Ubiquiti Inc. 0.00% 10 $4K Reduce -16.7%
KFRC Kforce Inc. 0.00% 100 $4K Add +29.9%
CSL Carlisle Cos Inc. 0.00% 11 $4K New
DOX Amdocs Ltd. 0.00% 45 $4K New
MO Altria Group Inc. 0.00% 70 $4K Add +2.9%
DCI Donaldson Co. Inc. 0.00% 59 $4K Add +5.4%
MUSA Murphy USA Inc. 0.00% 10 $4K New
ORLY O'reilly Automotive Inc. 0.00% 45 $4K No change
DPZ Domino's Pizza Inc. 0.00% 9 $4K New
VRSK Verisk Analytics Inc. 0.00% 13 $4K No change
IT Gartner Inc. 0.00% 10 $4K Add +25.0%
MSCI MSCI Inc. 0.00% 7 $4K No change
DBX Dropbox Inc. Class A 0.00% 141 $4K New
LII Lennox International Inc. 0.00% 7 $4K New
CTAS Cintas Corp. 0.00% 18 $4K Reduce -5.3%
ROL Rollins Inc. 0.00% 71 $4K Reduce -2.7%
LOW Lowe's Cos Inc. 0.00% 18 $4K Add +12.5%
HURN Huron Consulting Group Inc. 0.00% 29 $4K New
PG The Procter & Gamble Co. 0.00% 25 $4K New
LOPE Grand Canyon Education Inc. 0.00% 21 $4K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.00% 32 $4K Add +3.2%
SFM Sprouts Farmers Market Inc. 0.00% 24 $4K New
MA Mastercard Inc. Class A 0.00% 7 $4K No change
V Visa Inc. Class A 0.00% 11 $4K No change
ZTS Zoetis Inc. 0.00% 25 $4K Add +8.7%
HRB H&R Block Inc. filed as BLOCK H & R INC 0.00% 71 $4K Reduce -2.7%
FIZZ National Beverage Corp. 0.00% 90 $4K Reduce -4.3%
WDFC WD-40 Co. 0.00% 17 $4K New
LPX Louisiana-Pacific Corp. 0.00% 45 $4K Add +12.5%
KMB Kimberly-Clark Corp. 0.00% 30 $4K New
EXLS Exlservice Holdings Inc. 0.00% 88 $4K Add +8.6%
CLX Clorox Company 0.00% 32 $4K New
CRVL Corvel Corp. 0.00% 37 $4K Add +2.8%
MCD McDonald's Corp. 0.00% 13 $4K New
PAYX Paychex Inc. 0.00% 26 $4K Add +4.0%
SHW The Sherwin-Williams Co. 0.00% 11 $4K New
YELP Yelp Inc. 0.00% 110 $4K Reduce -3.5%
ALKS Alkermes PLC 0.00% 131 $4K New
AZO AutoZone Inc. 0.00% 1 $4K No change
KMDA Kamada Ltd. 0.00% 473 $4K No change
FICO Fair Isaac Corp. 0.00% 2 $4K No change
CHE Chemed Corp. 0.00% 7 $3K New
LULU Lululemon Athletica Inc. 0.00% 12 $3K Add +9.1%
AMC AMC Entertainment HLDS Class A 0.00% 220 $682 No change
LLY Eli Lilly & Co. 0.00% 19,207 $0 No change

Options reported separately and not counted above: STRATEGY INC calls ($837K), STRATEGY INC puts ($669K), NEBIUS GROUP N.V. calls ($363K), AAPL puts ($248K), COSTCO WHOLESALE CORPORATION puts ($184K), SABRA HEALTH CARE REIT INC puts ($160K), GOOGL calls ($16K), MONDAY COM LTD puts ($2K).

Other holdings (13): bonds, preferreds, convertibles and warrants · $13.8M (not counted above)
SecurityClassShares / PrincipalValueChange
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF · principal 5,180,000$4.9MNew
NBIS Nebius Group NV SHS CLASS A · principal 2,100,000$2.8MNew
IREN Iren Ltd. ORDINARY SHARES · principal 1,700,000$2.1MNew
AISPW Airship AI Holdings Inc.-CW28 *W EXP 12/21/202 664,999$1.3MNo change
UPST Upstart Holdings Inc. COM · principal 975,000$987KNew
MSTR Strategy Inc. CL A NEW · principal 500,000$588KNo change
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 315,000$360KNew
PGY Pagaya Technologies Ltd. Class A CL A NEW · principal 200,000$333KNew
NIOBW Niocorp Developments Ltd. -28 *W EXP 03/17/202 489,999$249KNo change
FBYDW Falcon's Beyond Global-27 *W EXP 10/06/202 91,875$74KNo change
KIDZW Classover Holdings Inc. - 30 *W EXP 04/03/203 504,998$67KNew
DJTWW Trump Media & Technology Gro *W EXP 03/25/202 1,000$11KNo change
BNAIW Brand Engagement Netwo -CW27 *W EXP 03/14/202 66,666$2KNo change

Total filed on the 13F, all lines: $3.1B.

Portfolio Sells Q1 2025 → Q2 2025
MSFT Microsoft Corp. Reduce -96.1% 0.97% −13.33
ORCL Oracle Corp. Reduce -98.5% 0.30% −9.85
AAPL Apple Inc. Reduce -96.2% 0.27% −5.52
AMZN Amazon.com Inc. Reduce -62.3% 6.22% −4.66
AMT American Tower Corp. Reduce -98.9% 0.04% −2.92
EBAY eBay Inc. Reduce -99.8% 0.01% −2.43
GOOGL Alphabet Inc. Class A Reduce -50.6% 5.22% −1.83
CROX Crocs Inc. Reduce -94.3% 0.08% −1.06
META Meta Platforms Inc. Class A Reduce -49.0% 4.61% −0.75
HPQ HP Inc. Sold out 0.00% −0.17
ENLT Enlight Renewable Energy Ltd. Reduce -89.6% 0.01% −0.06
TSEM Tower Semiconductor Ltd. Reduce -83.8% 0.02% −0.06
OPK Opko Health Inc. Reduce -98.5% 0.00% −0.06
MU Micron Technology Inc. Reduce -85.0% 0.02% −0.05
HALO Halozyme Therapeutics Inc. Sold out 0.00% −0.04
STZ Constellation Brands Inc. Class A Sold out 0.00% −0.02
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.02
TBLA Taboola.com Ltd. Reduce -58.8% 0.00% −0.02
SPNS Sapiens International Corp. Sold out 0.00% −0.02
FVRR Fiverr International Ltd. Sold out 0.00% −0.01
TSLA Tesla Inc. Reduce -43.7% 0.10% −0.01
ORA Ormat Technologies Inc. Reduce -60.6% 0.01% −0.01
NKE Nike Inc. Class B Reduce -37.4% 0.11% −0.01
TLN Talen Energy Corp. Reduce -49.8% 0.18% −0.01
PRM Perimeter Solutions Inc. Sold out 0.00% −0.01
HST Host Hotels & Resorts Inc. Sold out 0.00% −0.01
NUE Nucor Corp. Reduce -35.0% 0.07% −0.01
MGIC Magic Software Enterprises Sold out 0.00% −0.01
ZS Zscaler Inc. Reduce -59.5% 0.02% −0.00
AAL American Airlines Group Inc. Sold out 0.00% −0.00
T AT&T Inc. Sold out 0.00% −0.00
FRSX Foresight Autonomous-SP ADR Sold out 0.00% −0.00
DG Dollar General Corp. Sold out 0.00% −0.00
LKQ LKQ Corp. Sold out 0.00% −0.00
OXY Occidental Petroleum Corp. Sold out 0.00% −0.00
SOLV Solventum Corp. Sold out 0.00% −0.00
XP XP Inc. Class A Sold out 0.00% −0.00
AMG Affiliated Managers Group Sold out 0.00% −0.00
ADM Archer-Daniels-Midland Co. Sold out 0.00% −0.00
BWA Borgwarner Inc. Sold out 0.00% −0.00
CE Celanese Corp. Sold out 0.00% −0.00
LEA Lear Corp. Sold out 0.00% −0.00
NOV Nov Inc. Sold out 0.00% −0.00
THC Tenet Healthcare Corp. Sold out 0.00% −0.00
WHR Whirlpool Corp. Sold out 0.00% −0.00
BG Bunge Global SA Sold out 0.00% −0.00
PVH PVH Corp. Sold out 0.00% −0.00
AIT Applied Industrial Tech Inc. Sold out 0.00% −0.00
BKE The Buckle Inc. Sold out 0.00% −0.00
CORT Corcept Therapeutics Inc. Reduce -14.5% 0.00% −0.00

Portfolio Buys Q1 2025 → Q2 2025
TSM Taiwan Semiconductor-SP ADR Add +184.1% 10.80% +8.68
PANW Palo Alto Networks Inc. Add +28.8% 8.77% +4.46
WFC Wells Fargo & Co. New 4.40% +4.40
NVMI Nova Ltd. Add +22273.1% 3.54% +3.53
ENTG Entegris Inc. New 3.15% +3.15
ICE Intercontinental Exchange Inc. Add +0.9% 4.13% +1.20
UPB Upstream Bio Inc. Add +4.9% 1.19% +1.10
ETOR Etoro Group Ltd. Class A New 0.85% +0.85
LGIH Lgi Homes Inc. Add +26.1% 1.27% +0.28
TEVA Teva Pharmaceutical-SP ADR Add +23.0% 0.46% +0.20
UNH Unitedhealth Group Inc. New 0.19% +0.19
FCX Freeport-McMoran Inc. Add +33.0% 0.38% +0.19
NRG NRG Energy Inc. Add +437.1% 0.16% +0.15
WMT Walmart Inc. Add +467.2% 0.16% +0.14
VST Vistra Corp. Add +147.3% 0.18% +0.14
PFLT Pennantpark Floating Rate Ca Add +10.0% 0.57% +0.14
KEN Kenon Holdings Ltd. Add +17.4% 0.27% +0.14
LNG Cheniere Energy Inc. New 0.11% +0.11
INMD Inmode Ltd. New 0.10% +0.10
GS Goldman Sachs Group Inc. Add +44.4% 0.16% +0.09
SKX Skechers USA Inc. Class A New 0.09% +0.09
DELEK LOGISTICS PARTNERS LP Add +48.5% 0.12% +0.08
ADBE Adobe Inc. Add +23183.3% 0.05% +0.05
PWR Quanta Services Inc. Add +77.8% 0.07% +0.05
ETN Eaton Corp. PLC Add +46.9% 0.06% +0.04
BDC Belden Inc. Add +398.9% 0.04% +0.03
NYAX Nayax Ltd. Add +85.8% 0.04% +0.03
HIPO Hippo Holdings Inc. New 0.03% +0.03
PERI Perion Network Ltd. Add +127.6% 0.03% +0.02
S Sentinelone Inc. Class A Add +77.5% 0.04% +0.02
SO The Southern Co. Add +178.8% 0.03% +0.02
SMR Nuscale Power Corp. Add +5.5% 0.03% +0.02
PTON Peloton Interactive Inc. Class A New 0.02% +0.02
CCJ Cameco Corp. Add +60.7% 0.03% +0.02
KMI Kinder Morgan Inc. Add +21.3% 0.04% +0.02
GILT Gilat Satellite Networks Ltd. New 0.02% +0.02
GTLB Gitlab Inc. Class A Add +109.9% 0.02% +0.02
UPST Upstart Holdings Inc. Add +23.8% 0.03% +0.02
GTLS Chart Industries Inc. Add +100.0% 0.02% +0.01
AEP American Electric Power Add +54.7% 0.03% +0.01
EME Emcor Group Inc. Add +51.3% 0.02% +0.01
AFRM Affirm Holdings Inc. Add +33.8% 0.02% +0.01
WMB Williams Cos Inc. Add +37.2% 0.02% +0.01
SPOT Spotify Technology SA Add +0.2% 0.02% +0.01
HUBB Hubbell Inc. Add +34.0% 0.02% +0.01
MRNA Moderna Inc. Add +42.5% 0.02% +0.01
BWXT BWX Technologies Inc. Add +53.2% 0.01% +0.01
FORTY Formula Systems 1985-SP ADR Add +8.0% 0.02% +0.01
CAMT Camtek Ltd. Add +144.6% 0.01% +0.01
MTZ Mastec Inc. Add +43.8% 0.01% +0.01

Options Activity Q1 2025 → Q2 2025
STRATEGY INC call Add +133.3% 140 $837K
STRATEGY INC put Add +132.0% 348 $669K
LULU Lululemon Athletica Inc. put Sold out 83 $400Kbefore exit
NEBIUS GROUP N.V. call New 150 $363K
DEERE & CO put Sold out 92 $263Kbefore exit
INTC Intel Corp. call Sold out 1,640 $254Kbefore exit
AAPL Apple Inc. put New 414 $248K
COSTCO WHOLESALE CORPORATION put New 42 $184K
SABRA HEALTH CARE REIT INC put New 450 $160K
GOOGL Alphabet Inc. Class A call New 30 $16K
MONDAY COM LTD put New 4 $2K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2025 → Q2 2025
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF · principal New 5,180,000 $4.9M
NBIS Nebius Group NV SHS CLASS A · principal New 2,100,000 $2.8M
IREN Iren Ltd. ORDINARY SHARES · principal New 1,700,000 $2.1M
UPST Upstart Holdings Inc. COM · principal New 975,000 $987K
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal New 315,000 $360K
PGY Pagaya Technologies Ltd. Class A CL A NEW · principal New 200,000 $333K
KIDZW Classover Holdings Inc. - 30 *W EXP 04/03/203 New 504,998 $67K
PPYAW Papaya Growth Opportuni-CW23 *W EXP 12/31/202 Sold out 109,998 $2Kbefore exit
INNOVID CORP *W EXP 11/30/202 Sold out 6,250 $625before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 449$8.0BTSM, TEVA, AAPL, GOOGL, NVDA
Q1 2026 395$5.5BTSM, ESLT, TEVA, ENLT, AMZN
Q4 2025 366$6.5BAMZN, TSM, GOOGL, MSFT, ESLT
Q3 2025 337$6.0BTSM, AMZN, GOOGL, ESLT, ORCL
Q2 2025 296$3.1BCAT, TSM, ESLT, PANW, AMZN
Q1 2025 294$4.1BMSFT, AMZN, ORCL, CAT, GOOGL
Q4 2024 349$2.9BMSFT, AMZN, GOOGL, ORCL, ESLT
Q3 2024 283$1.7BICL, MU, QCOM, ESLT, ORCL
Q2 2024 274$2.9BMSFT, AMZN, NTR, ORCL, ICL
Q1 2024 272$2.5BMSFT, AAPL, NTR, AMZN, ICL