Ion Asset Management Ltd.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Ion Asset Management Ltd. reported 52 stock positions worth $1.4 billion. Its top holding was Teva Pharmaceutical-SP ADR (TEVA) at 44.1% of the portfolio, followed by Aercap (AER, 7.8%) and Ciena (CIEN, 6.0%). Compared with Q4 2024, it opened 4 new positions, sold out of 9, added to 14 and reduced 18. The biggest buy was Solaredge Technologies (SEDG, shares +136%) and the biggest sale an exit from News Class A (NWSA).

Most Recent 13F
Q3 2025
Location
Herzliya, L3
CIK
0001603837
Portfolio Value
$1.4B (Q1 2025)
SEC Filing
0001178913-25-001827 ↗ filed May 15, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.4B Q1 2024 Q2 2024: $1.5B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.7B Q4 2024 Q1 2025: $1.4B $1.4B Q1 2025 Q2 2025: $1.7B Q2 2025 Q3 2025: $818.4M Q3 2025

Holdings 52 stocks · $1.4B
TEVA Teva Pharmaceutical-SP ADR 44.09% 39,033,500 $599.9M Add +6.5%
AER Aercap Holdings NV 7.78% 1,036,000 $105.8M Reduce -11.2%
CIEN Ciena Corp. 6.03% 1,356,752 $82.0M Add +6.3%
PRGO Perrigo Co. PLC 5.84% 2,833,894 $79.5M Add +0.5%
ILMN Illumina Inc. 4.28% 733,729 $58.2M Reduce -8.3%
DK Delek US Holdings Inc. 4.07% 3,676,400 $55.4M Add +6.4%
GDX Vaneck Gold Miners ETF 3.29% 974,550 $44.8M Reduce -3.4%
DAC Danaos Corp. 3.25% 566,694 $44.2M Add +0.1%
SLV iShares Silver Trust 2.52% 1,106,600 $34.3M Reduce -0.5%
SEDG Solaredge Technologies Inc. 2.48% 2,082,497 $33.7M Add +135.9%
NMM Navios Maritime Partners LP 2.31% 800,678 $31.4M Reduce -0.6%
PHIN Phinia Inc. 1.99% 639,000 $27.1M No change
IMAX Imax Corp. 1.76% 910,000 $24.0M Reduce -4.2%
OKTA Okta Inc. 1.52% 196,400 $20.7M Reduce -3.8%
RIG Transocean Ltd. 1.00% 4,300,000 $13.6M Add +7.5%
DT Dynatrace Inc. 0.90% 260,000 $12.3M Reduce -1.9%
CSGP Costar Group Inc. 0.82% 140,900 $11.2M Reduce -4.1%
XYZ Block Inc. 0.72% 180,000 $9.8M Add +80.0%
MNDY Monday.com Ltd. 0.71% 39,780 $9.7M Reduce -18.8%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.56% 140,000 $7.7M New
ITRI Itron Inc. 0.55% 72,000 $7.5M Add +20.0%
TTMI TTM Technologies 0.50% 329,650 $6.8M Add +165.5%
UAN CVR Partners LP 0.48% 86,600 $6.5M No change
PI Impinj Inc. 0.39% 59,200 $5.4M New
FCX Freeport-McMoran Inc. 0.28% 101,520 $3.8M Reduce -28.3%
ASHR Xtrackers Harvest Csi 300 CH 0.21% 106,800 $2.8M Reduce -11.6%
GLD SPDR Gold Shares 0.15% 6,895 $2.0M No change
IBIT iShares Bitcoin Trust ETF 0.14% 40,000 $1.9M Reduce -50.0%
QRVO Qorvo Inc. 0.12% 21,750 $1.6M No change
MTSI Macom Technology Solutions H 0.10% 13,000 $1.3M No change
WPM Wheaton Precious Metals Corp. 0.09% 15,700 $1.2M No change
AEM Agnico Eagle Mines Ltd. 0.09% 11,070 $1.2M Add +36.7%
PANW Palo Alto Networks Inc. 0.09% 6,950 $1.2M Reduce -20.1%
GDXJ Vaneck Junior Gold Miners 0.09% 20,250 $1.2M Add +36.8%
CMI Cummins Inc. 0.08% 3,450 $1.1M No change
SIL Global X Silver Miners ETF 0.08% 26,700 $1.1M No change
KMI Kinder Morgan Inc. 0.06% 28,700 $819K Add +46.4%
XOM Exxon Mobil Corp. 0.05% 6,150 $731K No change
EOG EOG Resources Inc. 0.05% 5,500 $705K No change
NTR Nutrien Ltd. 0.05% 14,150 $703K New
MPC Marathon Petroleum Corp. 0.05% 4,790 $698K No change
VAL Valaris Ltd. 0.05% 15,650 $614K New
NSC Norfolk Southern Corp. 0.04% 2,500 $592K No change
SCCO Southern Copper Corp. 0.04% 5,948 $556K Add +17.6%
MRVL Marvell Technology Inc. 0.04% 8,500 $523K No change
GNK Genco Shipping & Trading Ltd. 0.04% 39,040 $522K No change
PAA Plains All Amer Pipeline LP 0.04% 24,200 $484K No change
SBLK Star Bulk Carriers Corp. 0.03% 30,270 $471K Reduce -6.1%
GLNG Golar LNG Ltd. 0.03% 10,805 $410K Reduce -42.7%
RTX RTX Corp. 0.03% 3,050 $404K Reduce -61.3%
COST Costco Wholesale Corp. 0.03% 400 $378K Reduce -18.4%
PR Permian Resources Corp. Class A 0.03% 27,270 $378K No change

Options reported separately and not counted above: QQQ puts ($138.8M), HYG puts ($31.6M), EWZ calls ($6.5M), FCX calls ($5.7M), XLE calls ($2.8M).

Portfolio Sells Q4 2024 → Q1 2025
NWSA News Corp. Class A Sold out 0.00% −2.71
ILMN Illumina Inc. Reduce -8.3% 4.28% −2.14
WIX Wix.com Ltd. Sold out 0.00% −0.52
MQ Marqeta Inc. Sold out 0.00% −0.16
TENB Tenable Holdings Inc. Sold out 0.00% −0.13
IBIT iShares Bitcoin Trust ETF Reduce -50.0% 0.14% −0.12
LHX L3HARRIS Technologies Inc. Sold out 0.00% −0.04
FCX Freeport-McMoran Inc. Reduce -28.3% 0.28% −0.04
SHW The Sherwin-Williams Co. Sold out 0.00% −0.03
B Barrick Gold Corp. Sold out 0.00% −0.03
RTX RTX Corp. Reduce -61.3% 0.03% −0.03
GLNG Golar LNG Ltd. Reduce -42.7% 0.03% −0.02
NEM Newmont Corp. Sold out 0.00% −0.01
RIO Rio Tinto PLC-Spon ADR Sold out 0.00% −0.01
PANW Palo Alto Networks Inc. Reduce -20.1% 0.09% −0.01
COST Costco Wholesale Corp. Reduce -18.4% 0.03% +0.00
SBLK Star Bulk Carriers Corp. Reduce -6.1% 0.03% +0.01
ASHR Xtrackers Harvest Csi 300 CH Reduce -11.6% 0.21% +0.02
MNDY Monday.com Ltd. Reduce -18.8% 0.71% +0.02
DT Dynatrace Inc. Reduce -1.9% 0.90% +0.04
CSGP Costar Group Inc. Reduce -4.1% 0.82% +0.19
NMM Navios Maritime Partners LP Reduce -0.6% 2.31% +0.21
IMAX Imax Corp. Reduce -4.2% 1.76% +0.30
OKTA Okta Inc. Reduce -3.8% 1.52% +0.55
SLV iShares Silver Trust Reduce -0.5% 2.52% +0.76
AER Aercap Holdings NV Reduce -11.2% 7.78% +1.08
GDX Vaneck Gold Miners ETF Reduce -3.4% 3.29% +1.24

Portfolio Buys Q4 2024 → Q1 2025
SEDG Solaredge Technologies Inc. Add +135.9% 2.48% +1.76
PRGO Perrigo Co. PLC Add +0.5% 5.84% +1.49
TTD Trade Desk Inc./the Class A New 0.56% +0.56
DAC Danaos Corp. Add +0.1% 3.25% +0.53
PI Impinj Inc. New 0.39% +0.39
TTMI TTM Technologies Add +165.5% 0.50% +0.31
DK Delek US Holdings Inc. Add +6.4% 4.07% +0.24
XYZ Block Inc. Add +80.0% 0.72% +0.21
ITRI Itron Inc. Add +20.0% 0.55% +0.16
RIG Transocean Ltd. Add +7.5% 1.00% +0.10
NTR Nutrien Ltd. New 0.05% +0.05
AEM Agnico Eagle Mines Ltd. Add +36.7% 0.09% +0.05
GDXJ Vaneck Junior Gold Miners Add +36.8% 0.09% +0.05
VAL Valaris Ltd. New 0.05% +0.05
KMI Kinder Morgan Inc. Add +46.4% 0.06% +0.03
SCCO Southern Copper Corp. Add +17.6% 0.04% +0.01
CIEN Ciena Corp. Add +6.3% 6.03% −0.47
TEVA Teva Pharmaceutical-SP ADR Add +6.5% 44.09% −4.38

Options Activity Q4 2024 → Q1 2025
QQQ Invesco QQQ Trust Series 1 put Add +196.1% 296,100 $138.8M
HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 400,000 $31.6M
EWZ iShares MSCI Brazil ETF call New 250,000 $6.5M
FCX Freeport-McMoran Inc. call New 150,000 $5.7M
XLE SS Energy Select Sector call New 30,000 $2.8M

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

Notes & Other Activity Q4 2024 → Q1 2025
INNOVID CORP *W EXP 11/30/202 Sold out 124,998 $14Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 61$818.4MTEVA, DK, GDX, CHKP, CSGP
Q2 2025 58$1.7BTEVA, AER, PRGO, CIEN, CSGP
Q1 2025 52$1.4BTEVA, AER, CIEN, PRGO, ILMN
Q4 2024 57$1.7BTEVA, AER, CIEN, ILMN, PRGO
Q3 2024 62$1.5BTEVA, AER, ILMN, CIEN, QRVO
Q2 2024 66$1.5BTEVA, AER, CIEN, QRVO, LW
Q1 2024 37$1.4BTEVA, AER, CIEN, DK, TENB