In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), ION Fund Management Ltd reported 52 stock positions worth $845.3 million . Its top holding was Teva Pharmaceutical-SP ADR (TEVA) at 16.8% of the portfolio, followed by Delek US (DK, 8.9% ) and Solaredge Technologies (SEDG, 7.3% ). Compared with Q1 2026, it opened 7 new positions, sold out of 14, added to 17 and reduced 12. The biggest buy was Global-E Online (GLBE, shares +748% ) and the biggest sale an exit from Qnity Electronics (Q).
Location Herzliya, L3
CIK 0002105906
Portfolio Value $845.3M (Q2 2026) Holdings 52 stocks · $845.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 TEVA Teva Pharmaceutical-SP ADR 4,180,759 $141.6M Add +8.3% DK Delek US Holdings Inc. 1,481,841 $75.3M Add +8.2% SEDG Solaredge Technologies Inc. 1,057,841 $61.8M Reduce -4.2% SHC Sotera Health Co. 3,343,648 $59.3M Add +180.2% ILMN Illumina Inc. 306,384 $53.9M Reduce -21.5% DAC Danaos Corp. 410,977 $50.3M Add +7.8% FLS Flowserve Corp. 631,500 $46.8M Add +220.6% GLBE Global-E Online Ltd. 1,314,000 $45.6M Add +747.7% PHIN Phinia Inc. 547,684 $45.1M Add +7.4% UCTT Ultra Clean Holdings Inc. 298,000 $42.5M Reduce -14.8% FLR Fluor Corp. 777,285 $40.7M Add +159.8% RIG Transocean Ltd. 6,750,000 $33.0M Add +50.4% NMM Navios Maritime Partners LP 441,439 $30.9M Add +2.4% NXE Nexgen Energy Ltd. 3,280,491 $30.8M Add +25.3% TTMI TTM Technologies 62,000 $11.6M Reduce -38.0% ONTO Onto Innovation Inc. 19,000 $7.2M Reduce -36.7% OKTA Okta Inc. 50,000 $6.8M Add +25.0% VECO Veeco Instruments Inc. 84,000 $6.4M New XYZ Block Inc. 80,000 $6.1M No change AMZN Amazon.com Inc. 24,000 $5.7M No change PANW Palo Alto Networks Inc. 11,000 $3.8M Reduce -31.3% IBKR Interactive Brokers Gro Class A 40,000 $3.5M No change KRE SS SPDR S&P Regional Bank 38,460 $2.9M New GLD SPDR Gold Shares 5,045 $1.9M No change NET Cloudflare Inc. Class A 7,000 $1.7M New VALE Vale SA-SP ADR 107,100 $1.6M No change ADM Archer-Daniels-Midland Co. 20,675 $1.6M Add +101.2% PARR Par Pacific Holdings Inc. 26,440 $1.5M Reduce -17.5% TWLO Twilio Inc. Class A 7,000 $1.4M New AEM Agnico Eagle Mines Ltd. 9,200 $1.4M No change SLB SLB Ltd. filed as SLB LIMITED 29,370 $1.4M Reduce -9.6% MDB Mongodb Inc. 4,000 $1.3M New XOM Exxon Mobil Corp. 9,360 $1.3M No change HAL Halliburton Co. 37,650 $1.3M Reduce -10.4% DAL Delta Air Lines Inc. 13,375 $1.3M New NTR Nutrien Ltd. 19,400 $1.2M Add +37.1% SIL Global X Silver Miners ETF 15,400 $1.2M No change PBR Petroleo Brasileiro-Spon ADR 72,000 $1.2M No change SCCO Southern Copper Corp. 6,229 $1.1M Add +1.0% SLV iShares Silver Trust 20,100 $1.1M No change AKAM Akamai Technologies Inc. 9,000 $1.1M New NSC Norfolk Southern Corp. 3,335 $1.0M No change VAL Valaris Ltd. 14,295 $1.0M Reduce -12.2% GDXJ Vaneck Junior Gold Miners 10,350 $1.0M Reduce -40.4% ITUB Itau Unibanco H-Spon PRF ADR 119,500 $976K No change COP Conocophillips 9,180 $954K Add +51.7% MP MP Materials Corp. 16,215 $908K No change RGLD Royal Gold Inc. 4,100 $818K No change GLNG Golar LNG Ltd. 16,000 $797K No change SBLK Star Bulk Carriers Corp. 30,270 $756K No change GNK Genco Shipping & Trading Ltd. 21,265 $527K Reduce -41.7% BAK Braskem SA Class A- ADR 119,000 $290K Add +2.9%
Options reported separately and not counted above: QQQ puts ($662.8M), SMH puts ($52.5M), CRWV puts ($14.6M), VALE calls ($1.6M).
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ Q Qnity Electronics Inc. Sold out 0.00% −3.90 AER Aercap Holdings NV Sold out 0.00% −2.62 CIEN Ciena Corp. Sold out 0.00% −1.64 SEDG Solaredge Technologies Inc. Reduce -4.2% 7.31% −1.28 ILMN Illumina Inc. Reduce -21.5% 6.37% −0.96 CHKP Check Point Software Tech Sold out 0.00% −0.57 LFUS Littelfuse Inc. Sold out 0.00% −0.41 IBIT iShares Bitcoin Trust ETF Sold out 0.00% −0.23 PYPL PayPal Holdings Inc. Sold out 0.00% −0.21 MSI Motorola Solutions Inc. Sold out 0.00% −0.20 GDXJ Vaneck Junior Gold Miners Reduce -40.4% 0.12% −0.20 CVI CVR Energy Inc. Sold out 0.00% −0.17 AEIS Advanced Energy Industries Sold out 0.00% −0.15 PARR Par Pacific Holdings Inc. Reduce -17.5% 0.18% −0.13 RTX RTX Corp. Sold out 0.00% −0.12 VAL Valaris Ltd. Reduce -12.2% 0.12% −0.12 KTOS Kratos Defense & Security Sold out 0.00% −0.12 SUZ Suzano SA - Spon ADR Sold out 0.00% −0.11 TTMI TTM Technologies Reduce -38.0% 1.37% −0.11 MOS The Mosaic Co. Sold out 0.00% −0.11 HAL Halliburton Co. Reduce -10.4% 0.15% −0.10 SLB SLB Ltd. Reduce -9.6% 0.16% −0.09 ONTO Onto Innovation Inc. Reduce -36.7% 0.85% −0.09 GNK Genco Shipping & Trading Ltd. Reduce -41.7% 0.06% −0.06 PANW Palo Alto Networks Inc. Reduce -31.3% 0.44% +0.05 UCTT Ultra Clean Holdings Inc. Reduce -14.8% 5.03% +1.71
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ GLBE Global-E Online Ltd. Add +747.7% 5.40% +4.67 SHC Sotera Health Co. Add +180.2% 7.02% +4.41 FLS Flowserve Corp. Add +220.6% 5.54% +3.33 FLR Fluor Corp. Add +159.8% 4.82% +2.69 VECO Veeco Instruments Inc. New 0.75% +0.75 KRE SS SPDR S&P Regional Bank New 0.34% +0.34 OKTA Okta Inc. Add +25.0% 0.81% +0.33 NET Cloudflare Inc. Class A New 0.20% +0.20 TWLO Twilio Inc. Class A New 0.17% +0.17 MDB Mongodb Inc. New 0.16% +0.16 DAL Delta Air Lines Inc. New 0.15% +0.15 AKAM Akamai Technologies Inc. New 0.13% +0.13 ADM Archer-Daniels-Midland Co. Add +101.2% 0.19% +0.07 PHIN Phinia Inc. Add +7.4% 5.34% +0.01 COP Conocophillips Add +51.7% 0.11% −0.01 NTR Nutrien Ltd. Add +37.1% 0.14% −0.02 BAK Braskem SA Class A- ADR Add +2.9% 0.03% −0.03 SCCO Southern Copper Corp. Add +1.0% 0.13% −0.03 DK Delek US Holdings Inc. Add +8.2% 8.91% −0.51 DAC Danaos Corp. Add +7.8% 5.95% −0.60 RIG Transocean Ltd. Add +50.4% 3.90% −0.63 NMM Navios Maritime Partners LP Add +2.4% 3.66% −0.78 TEVA Teva Pharmaceutical-SP ADR Add +8.3% 16.76% −0.97 NXE Nexgen Energy Ltd. Add +25.3% 3.64% −0.99
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put New 900,000 $662.8M SMH Vaneck Semiconductor ETF put New 80,000 $52.5M PBR Petroleo Brasileiro-Spon ADR call Sold out 600,000 $12.4Mbefore exit VALE Vale SA-SP ADR call Reduce -93.8% 106,000 $1.6M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 52 $845.3M TEVA, DK, SEDG, SHC, ILMN Q1 2026 59 $655.7M TEVA, DK, SEDG, ILMN, DAC Q4 2025 59 $783.8M TEVA, DK, CHKP, ILMN, DAC