Analyst IMS Investment Management Services Ltd.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 20, 2025), Analyst IMS Investment Management Services Ltd. reported 120 stock positions worth $3.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 26.1% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 19.4%) and Vanguard S&P 500 ETF (VOO, 15.7%). Compared with Q2 2025, it sold out of 9, added to 28 and reduced 51. The biggest buy was Vanguard Ftse Emerging Marke (VWO, shares +693%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −5%).

Most Recent 13F
Q2 2026
Location
Tel-aviv, L3
CIK
0001634208
Portfolio Value
$3.2B (Q3 2025)
SEC Filing
0001178913-25-003513 ↗ filed Oct 20, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $2.3B Q1 2024 Q2 2024: $2.4B Q2 2024 Q3 2024: $2.6B Q3 2024 Q4 2024: $2.7B Q4 2024 Q1 2025: $2.6B Q1 2025 Q2 2025: $2.9B Q2 2025 Q3 2025: $3.2B $3.2B Q3 2025 Q4 2025: $3.4B Q4 2025 Q1 2026: $3.3B Q1 2026 Q2 2026: $4.3B Q2 2026

Holdings 120 stocks · $3.2B
SPY SS SPDR S&P 500 ETF Trust-US 26.14% 1,261,992 $840.7M Reduce -2.5%
QQQ Invesco QQQ Trust Series 1 19.38% 1,038,053 $623.2M Reduce -1.0%
VOO Vanguard S&P 500 ETF 15.74% 826,643 $506.2M Reduce -5.3%
IVV iShares Core S&P 500 ETF 7.52% 361,284 $241.8M No change
AAXJ iShares MSCI All Country Asi 3.06% 1,077,944 $98.3M Add +36.6%
WIX Wix.com Ltd. 2.50% 451,914 $80.3M Add +18.8%
VWO Vanguard Ftse Emerging Marke 1.92% 1,138,513 $61.7M Add +693.1%
ARE Alexandria Real Estate Equit 1.88% 725,471 $60.5M Add +0.5%
SPG Simon Property Group Inc. 1.42% 242,844 $45.6M Add +0.3%
ONEQ Fidelity Nasdaq Comp Indx 1.39% 501,481 $44.7M Reduce -0.3%
SOXX iShares Semiconductor ETF 1.34% 159,111 $43.1M Add +4.6%
NVDA Nvidia Corp. 1.30% 223,653 $41.7M Add +3.2%
LMND Lemonade Inc. 1.03% 617,878 $33.1M Add +8.1%
MCHI iShares MSCI China ETF 0.99% 484,779 $31.9M Reduce -1.8%
MSFT Microsoft Corp. 0.88% 54,502 $28.2M Add +6.3%
XLC SS Comm Select Sector SPDR 0.83% 226,454 $26.8M Add +12.9%
GOOG Alphabet Inc. Class C 0.79% 104,903 $25.6M Add +3.4%
BXP BXP Inc. 0.79% 339,653 $25.3M Add +0.0%
IWM iShares Russell 2000 ETF 0.73% 97,345 $23.6M Reduce -0.5%
META Meta Platforms Inc. Class A 0.60% 26,318 $19.3M Add +11.0%
AAPL Apple Inc. 0.60% 75,213 $19.2M Add +3.3%
AMZN Amazon.com Inc. 0.51% 74,954 $16.5M Reduce -4.2%
AVGO Broadcom Inc. 0.49% 47,753 $15.8M Add +13.1%
XLK SS Technology Select Sector 0.48% 54,662 $15.4M Add +18.0%
FVRR Fiverr International Ltd. 0.47% 618,729 $15.1M Add +32.0%
XLV SS Health Care Select Sector 0.45% 104,326 $14.5M Reduce -0.5%
ITRN Ituran Location and Control 0.40% 356,956 $12.8M No change
ORCL Oracle Corp. 0.38% 43,518 $12.2M Add +23.3%
QQQM Invesco Nasdaq 100 ETF 0.36% 46,353 $11.5M Add +15.1%
ASHR Xtrackers Harvest Csi 300 CH 0.35% 345,757 $11.4M Reduce -1.1%
KIM Kimco Realty Corp. 0.28% 407,692 $8.9M No change
RSP Invesco S&P 500 Equal Weight 0.23% 39,680 $7.5M Add +35.5%
BABA Alibaba Group Holding-SP ADR 0.22% 40,305 $7.2M No change
EEM iShares MSCI Emerging Market 0.21% 123,829 $6.6M No change
BRK.B Berkshire Hathaway Inc. Class B 0.20% 12,816 $6.4M Reduce -38.6%
MA Mastercard Inc. Class A 0.17% 9,822 $5.6M Reduce -42.7%
COST Costco Wholesale Corp. 0.15% 5,194 $4.8M Reduce -28.3%
AMAT Applied Materials Inc. 0.14% 21,599 $4.4M No change
GOOGL Alphabet Inc. Class A 0.13% 16,852 $4.1M Add +33.0%
CIEN Ciena Corp. 0.12% 26,526 $3.9M Add +9.5%
TSM Taiwan Semiconductor-SP ADR 0.12% 13,754 $3.8M No change
TSLA Tesla Inc. 0.11% 7,889 $3.5M Reduce -13.1%
IBB iShares Biotechnology ETF 0.10% 23,207 $3.4M Reduce -31.3%
AMD Advanced Micro Devices 0.10% 19,542 $3.2M Add +85.4%
PANW Palo Alto Networks Inc. 0.10% 15,460 $3.1M No change
SLG SL Green Realty Corp. 0.09% 50,820 $3.0M No change
CGNT Cognyte Software Ltd. 0.09% 351,521 $3.0M No change
EMXC iShares MSCI Emr MRK Ex Chna 0.09% 43,530 $2.9M No change
CEG Constellation Energy 0.09% 8,865 $2.9M Reduce -1.7%
TMUS T-Mobile US Inc. 0.09% 11,941 $2.9M Reduce -14.4%
NEE Nextera Energy Inc. 0.09% 37,760 $2.9M Reduce -2.5%
XLI SS Industrial Select Sector 0.09% 18,200 $2.8M No change
TCOM Trip.com Group Ltd.-ADR 0.09% 36,900 $2.8M No change
ASML ASML Holding NV-NY Reg SHS 0.08% 2,812 $2.7M No change
C Citigroup Inc. 0.08% 24,653 $2.5M No change
NFLX Netflix Inc. 0.08% 2,079 $2.5M Add +67.0%
JPM JPMorgan Chase & Co. 0.07% 7,346 $2.3M Reduce -56.5%
MELI MercadoLibre Inc. 0.07% 937 $2.2M No change
INTU Intuit Inc. 0.07% 3,191 $2.2M No change
SAP Sap SE-Sponsored ADR 0.07% 8,150 $2.2M No change
V Visa Inc. Class A 0.07% 6,241 $2.1M Reduce -51.5%
TT Trane Technologies PLC 0.07% 4,969 $2.1M No change
QCOM Qualcomm Inc. 0.06% 12,416 $2.1M No change
WMT Walmart Inc. 0.06% 17,431 $1.8M Reduce -68.0%
PG The Procter & Gamble Co. 0.06% 11,642 $1.8M Reduce -48.3%
FISV Fiserv Inc. 0.05% 13,321 $1.7M Reduce -9.2%
ONON On Holding AG Class A filed as ON HLDG AG 0.05% 39,120 $1.7M Reduce -20.4%
VGK Vanguard Ftse Europe ETF 0.05% 19,674 $1.6M Add +2.8%
GE General Electric filed as GE AEROSPACE 0.05% 5,188 $1.6M Reduce -16.9%
SE Sea Ltd.-ADR 0.05% 8,331 $1.5M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 27,317 $1.4M Reduce -48.7%
HD Home Depot Inc. 0.04% 3,150 $1.3M Reduce -13.2%
PEP Pepsico Inc. 0.04% 8,945 $1.3M No change
JNJ Johnson & Johnson 0.04% 6,515 $1.2M Reduce -8.1%
XLP SS Consumer Staples Sel Sect 0.04% 14,930 $1.2M Reduce -0.3%
FTNT Fortinet Inc. 0.04% 13,693 $1.2M No change
LLY Eli Lilly & Co. 0.03% 1,461 $1.1M Reduce -13.6%
BA The Boeing Co. 0.03% 5,160 $1.1M Reduce -12.2%
RTX RTX Corp. 0.03% 6,548 $1.1M Reduce -16.3%
CAT Caterpillar Inc. 0.03% 2,291 $1.1M Reduce -16.8%
UNP Union Pacific Corp. 0.03% 4,428 $1.0M No change
CVX Chevron Corp. 0.03% 6,699 $1.0M Reduce -0.8%
MCD McDonald's Corp. 0.03% 3,385 $1.0M Reduce -9.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 8,795 $1.0M Add +67.2%
UBER Uber Technologies Inc. 0.03% 10,201 $999K Reduce -16.6%
WDAY Workday Inc. Class A 0.03% 4,048 $974K No change
WFC Wells Fargo & Co. 0.03% 10,789 $904K Reduce -19.7%
CHKP Check Point Software Tech 0.03% 4,223 $874K No change
NXPI NXP Semiconductors NV 0.03% 3,720 $847K No change
SN Sharkninja Inc. 0.03% 8,205 $846K Reduce -34.4%
REGN Regeneron Pharmaceuticals 0.02% 1,425 $801K No change
NKE Nike Inc. Class B 0.02% 11,484 $801K Add +34.6%
LIN Linde PLC 0.02% 1,650 $784K No change
NICE Nice Ltd. - Spon ADR 0.02% 5,337 $773K No change
XOM Exxon Mobil Corp. 0.02% 6,724 $758K Reduce -14.0%
BRK.A Berkshire Hathaway Inc. Class A 0.02% 1 $754K No change
BKNG Booking Holdings Inc. 0.02% 133 $718K Reduce -10.7%
PRGO Perrigo Co. PLC 0.02% 32,236 $718K No change
NOC Northrop Grumman Corp. 0.02% 1,071 $653K No change
ACWI iShares MSCI Acwi ETF 0.02% 4,694 $649K Reduce -1.4%
LHX L3HARRIS Technologies Inc. 0.02% 2,126 $649K No change
ABBV Abbvie Inc. 0.02% 2,761 $639K Reduce -13.3%
ISRA Vaneck Israel ETF 0.02% 10,711 $585K Add +12.3%
BP BP PLC-Spons ADR 0.02% 16,167 $558K Reduce -4.6%
VHT Vanguard Health Care ETF 0.02% 1,980 $514K No change
UNH Unitedhealth Group Inc. 0.02% 1,486 $513K Reduce -12.9%
PLD Prologis Inc. 0.01% 3,800 $435K Reduce -10.5%
ABT Abbott Laboratories 0.01% 3,229 $432K Reduce -11.4%
XLF SS Financial Select Sector 0.01% 7,553 $407K Reduce -9.2%
SILC Silicom Ltd. 0.01% 20,680 $366K No change
NVS Novartis AG-Sponsored ADR 0.01% 2,781 $357K No change
KO The Coca-Cola Co. 0.01% 5,264 $349K Reduce -79.1%
XLRE SS Real Estate Select Sector 0.01% 7,485 $315K Reduce -12.8%
PM Philip Morris International 0.01% 1,904 $309K Reduce -79.1%
WELL Welltower Inc. 0.01% 1,636 $291K Reduce -14.5%
CSTE Caesarstone Ltd. 0.01% 156,361 $248K No change
SNY Sanofi-ADR 0.01% 5,208 $246K No change
AMT American Tower Corp. 0.01% 1,145 $220K Reduce -16.4%
EQNR Equinor ASA-Spon ADR 0.01% 9,020 $220K No change
MRK Merck & Co. Inc. 0.01% 2,565 $215K No change

Portfolio Sells Q2 2025 → Q3 2025
VOO Vanguard S&P 500 ETF Reduce -5.3% 15.74% −1.19
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.5% 26.14% −1.16
QQQ Invesco QQQ Trust Series 1 Reduce -1.0% 19.38% −0.38
MA Mastercard Inc. Class A Reduce -42.7% 0.17% −0.16
ADBE Adobe Inc. Sold out 0.00% −0.15
BRK.B Berkshire Hathaway Inc. Class B Reduce -38.6% 0.20% −0.15
WMT Walmart Inc. Reduce -68.0% 0.06% −0.13
COST Costco Wholesale Corp. Reduce -28.3% 0.15% −0.10
JPM JPMorgan Chase & Co. Reduce -56.5% 0.07% −0.10
V Visa Inc. Class A Reduce -51.5% 0.07% −0.09
AMZN Amazon.com Inc. Reduce -4.2% 0.51% −0.07
PG The Procter & Gamble Co. Reduce -48.3% 0.06% −0.07
KO The Coca-Cola Co. Reduce -79.1% 0.01% −0.05
PM Philip Morris International Reduce -79.1% 0.01% −0.05
BAC Bank of America Corp. Reduce -48.7% 0.04% −0.04
IBB iShares Biotechnology ETF Reduce -31.3% 0.10% −0.04
VTWO Vanguard Russell 2000 ETF Sold out 0.00% −0.04
ONON On Holding AG Class A Reduce -20.4% 0.05% −0.04
FISV Fiserv Inc. Reduce -9.2% 0.05% −0.03
XLV SS Health Care Select Sector Reduce -0.5% 0.45% −0.03
ELV Elevance Health Inc. Sold out 0.00% −0.03
TMUS T-Mobile US Inc. Reduce -14.4% 0.09% −0.02
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.02
AMGN Amgen Inc. Sold out 0.00% −0.02
AZN Astrazeneca PLC-Spons ADR Sold out 0.00% −0.02
SN Sharkninja Inc. Reduce -34.4% 0.03% −0.02
SCHX Schwab US Large-Cap ETF Sold out 0.00% −0.01
LLY Eli Lilly & Co. Reduce -13.6% 0.03% −0.01
CEG Constellation Energy Reduce -1.7% 0.09% −0.01
WFC Wells Fargo & Co. Reduce -19.7% 0.03% −0.01
UBER Uber Technologies Inc. Reduce -16.6% 0.03% −0.01
EQIX Equinix Inc. Sold out 0.00% −0.01
HON Honeywell International Inc. Sold out 0.00% −0.01
BA The Boeing Co. Reduce -12.2% 0.03% −0.01
BKNG Booking Holdings Inc. Reduce -10.7% 0.02% −0.01
GE General Electric Reduce -16.9% 0.05% −0.01
HD Home Depot Inc. Reduce -13.2% 0.04% −0.01
MCD McDonald's Corp. Reduce -9.3% 0.03% −0.01
XOM Exxon Mobil Corp. Reduce -14.0% 0.02% −0.01
XLP SS Consumer Staples Sel Sect Reduce -0.3% 0.04% −0.01
RTX RTX Corp. Reduce -16.3% 0.03% −0.00
ABT Abbott Laboratories Reduce -11.4% 0.01% −0.00
AMT American Tower Corp. Reduce -16.4% 0.01% −0.00
NEE Nextera Energy Inc. Reduce -2.5% 0.09% −0.00
CAT Caterpillar Inc. Reduce -16.8% 0.03% −0.00
XLRE SS Real Estate Select Sector Reduce -12.8% 0.01% −0.00
XLF SS Financial Select Sector Reduce -9.2% 0.01% −0.00
UNH Unitedhealth Group Inc. Reduce -12.9% 0.02% −0.00
PLD Prologis Inc. Reduce -10.5% 0.01% −0.00
WELL Welltower Inc. Reduce -14.5% 0.01% −0.00

Portfolio Buys Q2 2025 → Q3 2025
VWO Vanguard Ftse Emerging Marke Add +693.1% 1.92% +1.68
AAXJ iShares MSCI All Country Asi Add +36.6% 3.06% +0.83
WIX Wix.com Ltd. Add +18.8% 2.50% +0.44
GOOG Alphabet Inc. Class C Add +3.4% 0.79% +0.18
LMND Lemonade Inc. Add +8.1% 1.03% +0.17
NVDA Nvidia Corp. Add +3.2% 1.30% +0.13
ORCL Oracle Corp. Add +23.3% 0.38% +0.12
SOXX iShares Semiconductor ETF Add +4.6% 1.34% +0.10
AVGO Broadcom Inc. Add +13.1% 0.49% +0.09
XLC SS Comm Select Sector SPDR Add +12.9% 0.83% +0.09
ARE Alexandria Real Estate Equit Add +0.5% 1.88% +0.09
SPG Simon Property Group Inc. Add +0.3% 1.42% +0.09
AAPL Apple Inc. Add +3.3% 0.60% +0.09
XLK SS Technology Select Sector Add +18.0% 0.48% +0.08
CIEN Ciena Corp. Add +9.5% 0.12% +0.05
RSP Invesco S&P 500 Equal Weight Add +35.5% 0.23% +0.05
GOOGL Alphabet Inc. Class A Add +33.0% 0.13% +0.05
AMD Advanced Micro Devices Add +85.4% 0.10% +0.05
QQQM Invesco Nasdaq 100 ETF Add +15.1% 0.36% +0.04
NFLX Netflix Inc. Add +67.0% 0.08% +0.02
DIS The Walt Disney Co. Add +67.2% 0.03% +0.01
MSFT Microsoft Corp. Add +6.3% 0.88% +0.01
NKE Nike Inc. Class B Add +34.6% 0.02% +0.00
META Meta Platforms Inc. Class A Add +11.0% 0.60% +0.00
BXP BXP Inc. Add +0.0% 0.79% +0.00
ISRA Vaneck Israel ETF Add +12.3% 0.02% +0.00
FVRR Fiverr International Ltd. Add +32.0% 0.47% +0.00
VGK Vanguard Ftse Europe ETF Add +2.8% 0.05% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 152$4.3BQQQ, SPY, VOO, SOXX, AAXJ
Q1 2026 144$3.3BQQQ, SPY, VOO, AAXJ, IVV
Q4 2025 128$3.4BQQQ, SPY, VOO, IVV, AAXJ
Q3 2025 120$3.2BSPY, QQQ, VOO, IVV, AAXJ
Q2 2025 129$2.9BSPY, QQQ, VOO, IVV, AAXJ
Q1 2025 133$2.6BSPY, QQQ, VOO, IVV, AAXJ
Q4 2024 129$2.7BSPY, QQQ, VOO, IVV, WIX
Q3 2024 135$2.6BSPY, QQQ, VOO, IVV, AAXJ
Q2 2024 130$2.4BSPY, QQQ, VOO, IVV, AAXJ
Q1 2024 113$2.3BSPY, VOO, QQQ, IVV, AAXJ