Harel Insurance Investments & Financial Services Ltd.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), Harel Insurance Investments & Financial Services Ltd. reported 426 stock positions worth $11.5 billion. Its top holding was Teva Pharmaceutical-SP ADR (TEVA) at 12.2% of the portfolio, followed by SS Health Care Select Sector (XLV, 5.7%) and Alphabet Class A (GOOGL, 4.3%). Compared with Q3 2025, it opened 26 new positions, sold out of 61, added to 159 and reduced 151. The biggest buy was Teva Pharmaceutical-SP ADR (TEVA, shares +19%) and the biggest sale SS Financial Select Sector (XLF, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- Ramat Gan, L3
- CIK
- 0001429390
- Portfolio Value
- $11.5B (Q4 2025)
- SEC Filing
- 0001178913-26-000282 ↗ filed Feb 3, 2026
Holdings Value
Holdings 426 stocks · $11.5B
| TEVA Teva Pharmaceutical-SP ADR | 12.15% | 44,951,773 | $1.4B | Add +19.3% |
| XLV SS Health Care Select Sector | 5.66% | 4,224,401 | $653.9M | Add +34.2% |
| GOOGL Alphabet Inc. Class A | 4.28% | 1,578,043 | $493.9M | Add +1.1% |
| NVMI Nova Ltd. | 4.18% | 1,468,863 | $482.4M | Add +2.8% |
| SMH Vaneck Semiconductor ETF | 3.74% | 1,198,897 | $431.8M | Add +158.7% |
| XLK SS Technology Select Sector | 3.63% | 2,908,013 | $418.6M | Reduce -32.4% |
| TSM Taiwan Semiconductor-SP ADR | 3.18% | 1,206,849 | $366.7M | Add +0.7% |
| NVDA Nvidia Corp. | 2.86% | 1,769,941 | $330.1M | Add +13.4% |
| CLIP Global X 1-3 Month T-Bill | 2.61% | 3,000,000 | $301.0M | New |
| AMZN Amazon.com Inc. | 2.60% | 1,298,444 | $299.7M | Add +0.1% |
| PAVE Global X US Infrastructure | 2.59% | 6,239,139 | $299.1M | Add +37.3% |
| XLY SS Consumer Disc Select Sect | 2.57% | 2,480,601 | $296.2M | Add +155.9% |
| MSFT Microsoft Corp. | 2.38% | 568,062 | $274.7M | Reduce -1.2% |
| TSEM Tower Semiconductor Ltd. | 2.36% | 2,318,130 | $272.2M | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 2.30% | 6,215,695 | $265.3M | Add +78.5% |
| VGT Vanguard Info Tech ETF | 2.20% | 336,862 | $253.9M | Reduce -54.5% |
| GRID First TRST Nasd Class Edg Sgiif | 2.02% | 1,527,000 | $233.7M | Add +47.3% |
| FCOM Fidelity MSCI Comm Serv Indx | 1.90% | 2,990,672 | $219.2M | Add +10.5% |
| IAI iShares U.S. Broker-Dealers | 1.83% | 1,178,736 | $211.4M | Add +84.2% |
| CAMT Camtek Ltd. | 1.53% | 1,665,236 | $177.1M | Add +56.9% |
| AVGO Broadcom Inc. | 1.37% | 456,410 | $158.2M | Reduce -1.0% |
| MDB Mongodb Inc. | 1.29% | 354,720 | $148.9M | Add +115.1% |
| SNOW Snowflake Inc. | 1.26% | 662,603 | $145.3M | Add +247.0% |
| DDOG Datadog Inc. Class A | 1.24% | 1,049,784 | $142.8M | Add +245.5% |
| GE General Electric filed as GE AEROSPACE | 1.22% | 458,526 | $141.3M | Add +8297.9% |
| HON Honeywell International Inc. | 1.22% | 721,851 | $140.8M | Add +83.9% |
| GS Goldman Sachs Group Inc. | 1.21% | 158,372 | $139.2M | Add +79885.9% |
| ENLT Enlight Renewable Energy Ltd. | 1.07% | 2,722,610 | $123.8M | No change |
| META Meta Platforms Inc. Class A | 1.04% | 181,970 | $120.1M | Add +6.8% |
| SHLD Global X Defense Tech ETF | 1.04% | 1,850,265 | $120.1M | Add +698113.2% |
| MISL First Trust Indxx Aero & Def | 1.04% | 2,800,000 | $119.8M | New |
| XLC SS Comm Select Sector SPDR | 0.95% | 933,568 | $109.9M | Add +0.0% |
| NICE Nice Ltd. - Spon ADR | 0.86% | 880,059 | $99.5M | Add +36.0% |
| IYC iShares US Consumer Discreti | 0.84% | 939,199 | $96.9M | Reduce -48.9% |
| AAPL Apple Inc. | 0.84% | 355,716 | $96.7M | Add +0.4% |
| ORA Ormat Technologies Inc. | 0.83% | 865,280 | $95.6M | No change |
| XME SS SPDR S&P Metals Mining | 0.83% | 921,500 | $95.5M | No change |
| SNPS Synopsys Inc. | 0.82% | 201,131 | $94.5M | Add +282.2% |
| GLBE Global-E Online Ltd. | 0.69% | 2,041,555 | $80.3M | Add +31.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.66% | 1,393,205 | $76.6M | Add +2256.0% |
| EPI Wisdomtree India Earnings | 0.65% | 1,621,500 | $75.1M | No change |
| MGIC Magic Software Enterprises | 0.62% | 2,767,656 | $71.3M | Add +0.1% |
| COPX Global X Copper Miners ETF | 0.49% | 770,000 | $56.2M | New |
| JPM JPMorgan Chase & Co. | 0.48% | 173,319 | $55.8M | Add +1094.2% |
| ORCL Oracle Corp. | 0.48% | 283,211 | $55.2M | Add +1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.44% | 74,859 | $51.1M | Reduce -44.3% |
| ESLT Elbit Systems Ltd. | 0.44% | 88,075 | $50.9M | Add +709.3% |
| MRVL Marvell Technology Inc. | 0.43% | 578,965 | $49.2M | Reduce -14.7% |
| RSPD Invesco S&P 500 Equal Weight | 0.41% | 824,352 | $47.0M | Add +14.4% |
| ETOR Etoro Group Ltd. Class A | 0.37% | 1,227,898 | $43.1M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.37% | 68,947 | $42.4M | Reduce -5.5% |
| SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) | 0.32% | 31,200,000 | $37.5M | Add +160.0% |
| PERI Perion Network Ltd. | 0.29% | 3,478,513 | $33.3M | No change |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.28% | 297,134 | $32.7M | No change |
| MBLY Mobileye Global Inc. Class A | 0.26% | 2,880,333 | $30.1M | No change |
| PANW Palo Alto Networks Inc. | 0.25% | 156,476 | $28.8M | Reduce -2.0% |
| FTEC Fidelity MSCI Info Tech Indx | 0.20% | 104,900 | $23.6M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.20% | 320,238 | $23.5M | No change |
| VOX Vanguard Communication Servi | 0.17% | 102,700 | $19.9M | No change |
| NYAX Nayax Ltd. | 0.17% | 380,000 | $19.2M | No change |
| BA The Boeing Co. | 0.17% | 88,509 | $19.2M | Add +11291.1% |
| RTX RTX Corp. | 0.16% | 99,604 | $18.3M | Reduce -72.3% |
| FDN First Trust DJ Internet Ind | 0.13% | 57,000 | $15.3M | No change |
| LMT Lockheed Martin Corp. | 0.13% | 31,222 | $15.1M | Reduce -13.3% |
| XLE SS Energy Select Sector | 0.12% | 307,160 | $14.0M | Reduce -93.0% |
| INMD Inmode Ltd. | 0.11% | 899,991 | $13.2M | No change |
| GOOG Alphabet Inc. Class C | 0.11% | 40,060 | $12.6M | Reduce -54.7% |
| ASHR Xtrackers Harvest Csi 300 CH | 0.11% | 380,613 | $12.5M | Reduce -22.6% |
| ADBE Adobe Inc. | 0.11% | 35,516 | $12.4M | Add +3.5% |
| GD General Dynamics Corp. | 0.11% | 36,365 | $12.2M | Reduce -11.6% |
| XLI SS Industrial Select Sector | 0.10% | 75,364 | $11.7M | Reduce -88.0% |
| HWM Howmet Aerospace Inc. | 0.10% | 54,129 | $11.1M | Reduce -13.3% |
| NOC Northrop Grumman Corp. | 0.09% | 19,213 | $11.0M | Reduce -76.5% |
| VOO Vanguard S&P 500 ETF | 0.09% | 17,263 | $10.7M | Reduce -23.7% |
| EWJ iShares MSCI Japan ETF | 0.09% | 128,526 | $10.4M | Add +0.1% |
| V Visa Inc. Class A | 0.09% | 29,528 | $10.4M | Reduce -81.2% |
| TDG Transdigm Group Inc. | 0.09% | 7,581 | $10.1M | Reduce -17.6% |
| VCR Vanguard Consumer Discre ETF | 0.09% | 25,300 | $10.0M | No change |
| VRSN Verisign Inc. | 0.08% | 38,311 | $9.3M | New |
| MELI MercadoLibre Inc. | 0.08% | 4,531 | $9.1M | Add +56.4% |
| MEDP Medpace Holdings Inc. | 0.08% | 15,880 | $8.9M | Add +38.0% |
| WMT Walmart Inc. | 0.08% | 78,587 | $8.8M | Add +23.2% |
| CHE Chemed Corp. | 0.07% | 20,009 | $8.6M | Add +113.5% |
| LOPE Grand Canyon Education Inc. | 0.07% | 50,036 | $8.3M | Add +53.5% |
| ZIM Zim Integrated Shipping Serv | 0.07% | 391,770 | $8.3M | Add +249.0% |
| MCK McKesson Corp. | 0.07% | 10,097 | $8.3M | Add +27.3% |
| COR Cencora Inc. | 0.07% | 24,468 | $8.3M | Add +44.7% |
| PCTY Paylocity Holding Corp. | 0.07% | 53,964 | $8.2M | Add +94.7% |
| RNG Ringcentral Inc. Class A | 0.07% | 280,323 | $8.1M | Add +60.0% |
| LYFT LYFT Inc. Class A | 0.07% | 411,345 | $8.0M | Add +11.0% |
| EME Emcor Group Inc. | 0.07% | 13,004 | $8.0M | Add +21.5% |
| KBWP Invesco KBW Property & Casua | 0.07% | 62,500 | $8.0M | Reduce -94.4% |
| NTNX Nutanix Inc. Class A | 0.07% | 152,128 | $7.9M | Add +61.0% |
| DOCS Doximity Inc. Class A | 0.07% | 173,621 | $7.7M | Add +108.5% |
| FEZ State Street SPDR Euro Stoxx | 0.06% | 115,170 | $7.4M | Add +2.0% |
| LHX L3HARRIS Technologies Inc. | 0.06% | 25,182 | $7.4M | Reduce -11.9% |
| XOM Exxon Mobil Corp. | 0.05% | 51,976 | $6.3M | Add +166.7% |
| PLTR Palantir Technologies Inc. Class A | 0.05% | 34,922 | $6.2M | Add +22.6% |
| AXON Axon Enterprise Inc. | 0.05% | 10,723 | $6.1M | Reduce -11.4% |
| FFIV F5 Inc. | 0.05% | 22,983 | $5.9M | Add +12.5% |
Options reported separately and not counted above: TBLAW calls ($0).
Other holdings (7): bonds, preferreds, convertibles and warrants · $501K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SPSB SS SPDR P St C Corp. ETF | ST SHOR CORP ETF · principal | 9,875 | $298K | No change |
| CEF Sprott Physical Gold and Sil | PHYSICAL GOLD AN · principal | 1,800 | $82K | No change |
| SPIB SS SPDR P Int C Corp. ETF | ST INTER BD ETF · principal | 1,621 | $55K | No change |
| IGIB iShares 5-10Y Inv Grade Corp. | ISHS 5-10YR INVT · principal | 547 | $29K | New |
| VCIT Vanguard Int-Term Corporate | INT-TERM CORP · principal | 324 | $27K | No change |
| GLD SPDR Gold Shares | GOLD SHS · principal | 24 | $10K | No change |
| NBFC Neuberger Flexible Credit Inc. | FLEXIBLE CREDIT · principal | 1 | $0 | No change |
Total filed on the 13F, all lines: $11.5B.
Portfolio Sells Q3 2025 → Q4 2025
| XLF SS Financial Select Sector | Reduce -99.6% | 0.02% | −5.50 |
| KBWB Invesco KBW Bank ETF | Reduce -100.0% | 0.00% | −2.94 |
| VGT Vanguard Info Tech ETF | Reduce -54.5% | 2.20% | −2.76 |
| VPL Vanguard Ftse Pacific ETF | Reduce -99.8% | 0.00% | −2.04 |
| XLP SS Consumer Staples Sel Sect | Reduce -99.5% | 0.01% | −1.97 |
| XLK SS Technology Select Sector | Reduce -32.4% | 3.63% | −1.82 |
| VHT Vanguard Health Care ETF | Reduce -100.0% | 0.00% | −1.77 |
| XLE SS Energy Select Sector | Reduce -93.0% | 0.12% | −1.63 |
| KBWP Invesco KBW Property & Casua | Reduce -94.4% | 0.07% | −1.17 |
| IYC iShares US Consumer Discreti | Reduce -48.9% | 0.84% | −0.89 |
| XLI SS Industrial Select Sector | Reduce -88.0% | 0.10% | −0.77 |
| IGV iShares Expanded Tech-Softwa | Reduce -92.4% | 0.05% | −0.69 |
| XLRE SS Real Estate Select Sector | Reduce -98.9% | 0.01% | −0.61 |
| MA Mastercard Inc. Class A | Reduce -98.7% | 0.01% | −0.56 |
| XLB SS Materials Select Sector | Reduce -98.6% | 0.01% | −0.44 |
| V Visa Inc. Class A | Reduce -81.2% | 0.09% | −0.39 |
| ICE Intercontinental Exchange Inc. | Reduce -98.3% | 0.01% | −0.38 |
| RTX RTX Corp. | Reduce -72.3% | 0.16% | −0.38 |
| GXO Gxo Logistics Inc. | Reduce -98.5% | 0.01% | −0.38 |
| IHI iShares U.S. Medical Devices | Reduce -98.8% | 0.00% | −0.37 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -44.3% | 0.44% | −0.36 |
| NOC Northrop Grumman Corp. | Reduce -76.5% | 0.09% | −0.35 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −0.30 |
| MSFT Microsoft Corp. | Reduce -1.2% | 2.38% | −0.30 |
| UAL United Airlines Holdings Inc. | Sold out | 0.00% | −0.28 |
| NOW ServiceNow Inc. | Reduce -98.1% | 0.00% | −0.27 |
| DAL Delta Air Lines Inc. | Reduce -99.9% | 0.00% | −0.20 |
| UBER Uber Technologies Inc. | Reduce -88.6% | 0.02% | −0.19 |
| AMD Advanced Micro Devices | Reduce -92.0% | 0.02% | −0.18 |
| SEDG Solaredge Technologies Inc. | Reduce -98.0% | 0.00% | −0.16 |
| FIX Comfort Systems USA Inc. | Reduce -99.7% | 0.00% | −0.09 |
| MRVL Marvell Technology Inc. | Reduce -14.7% | 0.43% | −0.09 |
| GOOG Alphabet Inc. Class C | Reduce -54.7% | 0.11% | −0.08 |
| P Everpure Inc. Class A | Reduce -88.3% | 0.01% | −0.06 |
| ICL Icl Group Ltd. | Sold out | 0.00% | −0.06 |
| PANW Palo Alto Networks Inc. | Reduce -2.0% | 0.25% | −0.04 |
| RSP Invesco S&P 500 Equal Weight | Reduce -71.7% | 0.01% | −0.04 |
| ASHR Xtrackers Harvest Csi 300 CH | Reduce -22.6% | 0.11% | −0.04 |
| VOO Vanguard S&P 500 ETF | Reduce -23.7% | 0.09% | −0.03 |
| LMT Lockheed Martin Corp. | Reduce -13.3% | 0.13% | −0.03 |
| RMD Resmed Inc. | Reduce -26.8% | 0.05% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -5.5% | 0.37% | −0.03 |
| AXON Axon Enterprise Inc. | Reduce -11.4% | 0.05% | −0.03 |
| ITRN Ituran Location and Control | Sold out | 0.00% | −0.02 |
| ADP Automatic Data Processing | Reduce -39.8% | 0.02% | −0.02 |
| ACWI iShares MSCI Acwi ETF | Reduce -44.7% | 0.03% | −0.02 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -84.4% | 0.00% | −0.02 |
| PATK Patrick Industries Inc. | Sold out | 0.00% | −0.02 |
| TDG Transdigm Group Inc. | Reduce -17.6% | 0.09% | −0.02 |
| LULU Lululemon Athletica Inc. | Reduce -94.0% | 0.00% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| TEVA Teva Pharmaceutical-SP ADR | Add +19.3% | 12.15% | +5.31 |
| CLIP Global X 1-3 Month T-Bill | New | 2.61% | +2.61 |
| SMH Vaneck Semiconductor ETF | Add +158.7% | 3.74% | +2.38 |
| XLV SS Health Care Select Sector | Add +34.2% | 5.66% | +1.73 |
| XLY SS Consumer Disc Select Sect | Add +155.9% | 2.57% | +1.52 |
| GE General Electric | Add +8297.9% | 1.22% | +1.21 |
| GS Goldman Sachs Group Inc. | Add +79885.9% | 1.21% | +1.20 |
| SHLD Global X Defense Tech ETF | Add +698113.2% | 1.04% | +1.04 |
| MISL First Trust Indxx Aero & Def | New | 1.04% | +1.04 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +78.5% | 2.30% | +0.93 |
| SNOW Snowflake Inc. | Add +247.0% | 1.26% | +0.87 |
| GOOGL Alphabet Inc. Class A | Add +1.1% | 4.28% | +0.87 |
| DDOG Datadog Inc. Class A | Add +245.5% | 1.24% | +0.85 |
| MDB Mongodb Inc. | Add +115.1% | 1.29% | +0.83 |
| IAI iShares U.S. Broker-Dealers | Add +84.2% | 1.83% | +0.81 |
| PAVE Global X US Infrastructure | Add +37.3% | 2.59% | +0.65 |
| BAC Bank of America Corp. | Add +2256.0% | 0.66% | +0.64 |
| GRID First TRST Nasd Class Edg Sgiif | Add +47.3% | 2.02% | +0.62 |
| SNPS Synopsys Inc. | Add +282.2% | 0.82% | +0.58 |
| CAMT Camtek Ltd. | Add +56.9% | 1.53% | +0.53 |
| COPX Global X Copper Miners ETF | New | 0.49% | +0.49 |
| HON Honeywell International Inc. | Add +83.9% | 1.22% | +0.48 |
| JPM JPMorgan Chase & Co. | Add +1094.2% | 0.48% | +0.44 |
| ESLT Elbit Systems Ltd. | Add +709.3% | 0.44% | +0.39 |
| ETOR Etoro Group Ltd. Class A | New | 0.37% | +0.37 |
| NVDA Nvidia Corp. | Add +13.4% | 2.86% | +0.24 |
| GLBE Global-E Online Ltd. | Add +31.7% | 0.69% | +0.20 |
| SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) | Add +160.0% | 0.32% | +0.18 |
| FCOM Fidelity MSCI Comm Serv Indx | Add +10.5% | 1.90% | +0.17 |
| BA The Boeing Co. | Add +11291.1% | 0.17% | +0.16 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.7% | 3.18% | +0.16 |
| MGIC Magic Software Enterprises | Add +0.1% | 0.62% | +0.11 |
| VRSN Verisign Inc. | New | 0.08% | +0.08 |
| NVMI Nova Ltd. | Add +2.8% | 4.18% | +0.07 |
| ZIM Zim Integrated Shipping Serv | Add +249.0% | 0.07% | +0.06 |
| AMZN Amazon.com Inc. | Add +0.1% | 2.60% | +0.04 |
| CHE Chemed Corp. | Add +113.5% | 0.07% | +0.04 |
| CVX Chevron Corp. | Add +313.9% | 0.05% | +0.03 |
| XOM Exxon Mobil Corp. | Add +166.7% | 0.05% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +1853.0% | 0.04% | +0.03 |
| RSPD Invesco S&P 500 Equal Weight | Add +14.4% | 0.41% | +0.03 |
| PCTY Paylocity Holding Corp. | Add +94.7% | 0.07% | +0.03 |
| ABNB Airbnb Inc. Class A | Add +387.5% | 0.04% | +0.03 |
| CBOE Cboe Global Markets Inc. | Add +147.3% | 0.05% | +0.03 |
| AAPL Apple Inc. | Add +0.4% | 0.84% | +0.03 |
| RNG Ringcentral Inc. Class A | Add +60.0% | 0.07% | +0.03 |
| COR Cencora Inc. | Add +44.7% | 0.07% | +0.02 |
| MEDP Medpace Holdings Inc. | Add +38.0% | 0.08% | +0.02 |
| EXEL Exelixis Inc. | New | 0.02% | +0.02 |
| WIX Wix.com Ltd. | Add +216.4% | 0.05% | +0.02 |
Options Activity Q3 2025 → Q4 2025
| TBLAW Taboola.com Ltd. -CW27 | call | New | 42 | $0 |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| IGIB iShares 5-10Y Inv Grade Corp. | ISHS 5-10YR INVT · principal | New | 547 | $29K |
| TBLAW Taboola.com Ltd. -CW27 | *W EXP 99/99/999 | Sold out | 42 | $0before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 530 | $20.5B | TEVA, NVMI, GOOGL, NVDA, AAPL |
| Q1 2026 | 501 | $14.7B | TEVA, NVMI, GOOGL, NVDA, AAPL |
| Q4 2025 | 426 | $11.5B | TEVA, XLV, GOOGL, NVMI, SMH |
| Q3 2025 | 461 | $11.1B | TEVA, XLF, XLK, VGT, NVMI |
| Q2 2025 | 429 | $8.7B | XLF, TEVA, XLK, VGT, NVMI |
| Q1 2025 | 471 | $7.6B | XLF, XLK, XLV, VGT, TEVA |
| Q4 2024 | 464 | $6.1B | XLF, VGT, XLV, XLK, PAVE |
| Q3 2024 | 484 | $5.8B | XLF, XLV, XLU, PAVE, NVMI |
| Q2 2024 | 540 | $5.3B | XLV, XLF, XLU, NVMI, PAVE |
| Q1 2024 | 532 | $5.2B | XLV, XLF, PAVE, XLP, XLU |