ION Fund Management Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), ION Fund Management Ltd reported 59 stock positions worth $655.7 million. Its top holding was Teva Pharmaceutical-SP ADR (TEVA) at 17.7% of the portfolio, followed by Delek US (DK, 9.4%) and Solaredge Technologies (SEDG, 8.6%). Compared with Q4 2025, it opened 15 new positions, sold out of 15, added to 12 and reduced 16. The biggest buy was Solaredge Technologies (SEDG, shares +39%) and the biggest sale Check Point Software Tech (CHKP, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- Herzliya, L3
- CIK
- 0002105906
- Portfolio Value
- $655.7M (Q1 2026)
- SEC Filing
- 0001178913-26-002740 ↗ filed May 15, 2026
Holdings Value
Holdings 59 stocks · $655.7M
| TEVA Teva Pharmaceutical-SP ADR | 17.73% | 3,859,443 | $116.2M | Reduce -4.7% |
| DK Delek US Holdings Inc. | 9.42% | 1,370,000 | $61.7M | Reduce -22.5% |
| SEDG Solaredge Technologies Inc. | 8.59% | 1,103,690 | $56.3M | Add +38.6% |
| ILMN Illumina Inc. | 7.33% | 390,200 | $48.1M | Add +17.5% |
| DAC Danaos Corp. | 6.55% | 381,122 | $42.9M | Reduce -9.2% |
| PHIN Phinia Inc. | 5.32% | 510,000 | $34.9M | Reduce -1.0% |
| NXE Nexgen Energy Ltd. | 4.63% | 2,618,200 | $30.4M | Add +31.1% |
| RIG Transocean Ltd. | 4.54% | 4,488,400 | $29.8M | Add +2.1% |
| NMM Navios Maritime Partners LP | 4.43% | 430,944 | $29.1M | Reduce -7.5% |
| Q Qnity Electronics Inc. | 3.90% | 221,600 | $25.6M | Add +8.5% |
| UCTT Ultra Clean Holdings Inc. | 3.32% | 349,852 | $21.8M | New |
| AER Aercap Holdings NV | 2.62% | 125,000 | $17.1M | Reduce -52.8% |
| SHC Sotera Health Co. | 2.61% | 1,193,390 | $17.1M | Add +11833.9% |
| FLS Flowserve Corp. | 2.21% | 197,000 | $14.5M | New |
| FLR Fluor Corp. | 2.13% | 299,200 | $14.0M | New |
| CIEN Ciena Corp. | 1.64% | 27,665 | $10.7M | Reduce -63.6% |
| TTMI TTM Technologies | 1.49% | 100,000 | $9.7M | Reduce -28.6% |
| ONTO Onto Innovation Inc. | 0.94% | 30,000 | $6.2M | New |
| AMZN Amazon.com Inc. | 0.76% | 24,000 | $5.0M | Add +20.0% |
| XYZ Block Inc. | 0.73% | 80,000 | $4.8M | Reduce -55.6% |
| GLBE Global-E Online Ltd. | 0.73% | 155,000 | $4.8M | Add +55.0% |
| CHKP Check Point Software Tech | 0.57% | 26,000 | $3.7M | Reduce -89.8% |
| OKTA Okta Inc. | 0.48% | 40,000 | $3.1M | Reduce -60.0% |
| LFUS Littelfuse Inc. | 0.41% | 8,000 | $2.7M | New |
| IBKR Interactive Brokers Gro Class A | 0.41% | 40,000 | $2.7M | Reduce -42.9% |
| PANW Palo Alto Networks Inc. | 0.39% | 16,000 | $2.6M | No change |
| GLD SPDR Gold Shares | 0.33% | 5,045 | $2.2M | Reduce -22.8% |
| GDXJ Vaneck Junior Gold Miners | 0.32% | 17,370 | $2.1M | No change |
| PARR Par Pacific Holdings Inc. | 0.31% | 32,065 | $2.0M | No change |
| AEM Agnico Eagle Mines Ltd. | 0.28% | 9,200 | $1.9M | Reduce -8.0% |
| VALE Vale SA-SP ADR | 0.26% | 107,100 | $1.7M | New |
| SLB SLB Ltd. filed as SLB LIMITED | 0.25% | 32,470 | $1.7M | Add +35.3% |
| HAL Halliburton Co. | 0.25% | 42,025 | $1.6M | Add +15.8% |
| VAL Valaris Ltd. | 0.24% | 16,275 | $1.6M | No change |
| XOM Exxon Mobil Corp. | 0.24% | 9,360 | $1.6M | Add +12.9% |
| IBIT iShares Bitcoin Trust ETF | 0.23% | 40,000 | $1.5M | No change |
| PBR Petroleo Brasileiro-Spon ADR | 0.23% | 72,000 | $1.5M | New |
| SIL Global X Silver Miners ETF | 0.21% | 15,400 | $1.4M | Reduce -46.3% |
| SLV iShares Silver Trust | 0.21% | 20,100 | $1.4M | Reduce -94.2% |
| PYPL PayPal Holdings Inc. | 0.21% | 30,000 | $1.4M | New |
| MSI Motorola Solutions Inc. | 0.20% | 3,000 | $1.3M | New |
| CVI CVR Energy Inc. | 0.17% | 33,385 | $1.1M | No change |
| NTR Nutrien Ltd. | 0.16% | 14,150 | $1.1M | No change |
| SCCO Southern Copper Corp. | 0.16% | 6,168 | $1.1M | Add +0.8% |
| RGLD Royal Gold Inc. | 0.16% | 4,100 | $1.0M | No change |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.15% | 119,500 | $1.0M | New |
| AEIS Advanced Energy Industries | 0.15% | 3,000 | $968K | New |
| NSC Norfolk Southern Corp. | 0.15% | 3,335 | $957K | No change |
| GLNG Golar LNG Ltd. | 0.13% | 16,000 | $866K | No change |
| GNK Genco Shipping & Trading Ltd. | 0.13% | 36,465 | $822K | No change |
| RTX RTX Corp. | 0.12% | 4,150 | $801K | No change |
| COP Conocophillips | 0.12% | 6,050 | $799K | New |
| MP MP Materials Corp. | 0.12% | 16,215 | $783K | No change |
| KTOS Kratos Defense & Security | 0.12% | 11,015 | $777K | No change |
| SUZ Suzano SA - Spon ADR | 0.11% | 75,000 | $751K | New |
| ADM Archer-Daniels-Midland Co. | 0.11% | 10,275 | $747K | New |
| SBLK Star Bulk Carriers Corp. | 0.11% | 30,270 | $695K | No change |
| MOS The Mosaic Co. | 0.11% | 27,150 | $692K | No change |
| BAK Braskem SA Class A- ADR | 0.06% | 115,700 | $423K | New |
Options reported separately and not counted above: VALE calls ($27.1M), PBR calls ($12.4M), CRWV puts ($11.4M).
Portfolio Sells Q4 2025 → Q1 2026
| CHKP Check Point Software Tech | Reduce -89.8% | 0.57% | −5.45 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −4.77 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −3.95 |
| PRGO Perrigo Co. PLC | Sold out | 0.00% | −3.13 |
| LW Lamb Weston Holdings Inc. | Sold out | 0.00% | −3.01 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −2.68 |
| SLV iShares Silver Trust | Reduce -94.2% | 0.21% | −2.63 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −2.31 |
| AER Aercap Holdings NV | Reduce -52.8% | 2.62% | −2.25 |
| VRNS Varonis Systems Inc. | Sold out | 0.00% | −2.01 |
| XYZ Block Inc. | Reduce -55.6% | 0.73% | −0.76 |
| CIEN Ciena Corp. | Reduce -63.6% | 1.64% | −0.63 |
| OKTA Okta Inc. | Reduce -60.0% | 0.48% | −0.62 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −0.56 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.51 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.49 |
| FRSH Freshworks Inc. Class A | Sold out | 0.00% | −0.39 |
| MICC The Magnum Ice Cream Co. NV | Sold out | 0.00% | −0.26 |
| WPM Wheaton Precious Metals Corp. | Sold out | 0.00% | −0.21 |
| CMI Cummins Inc. | Sold out | 0.00% | −0.20 |
| IBKR Interactive Brokers Gro Class A | Reduce -42.9% | 0.41% | −0.17 |
| CRCL Circle Internet Group Inc. | Sold out | 0.00% | −0.10 |
| SIL Global X Silver Miners ETF | Reduce -46.3% | 0.21% | −0.09 |
| GLD SPDR Gold Shares | Reduce -22.8% | 0.33% | +0.00 |
| AEM Agnico Eagle Mines Ltd. | Reduce -8.0% | 0.28% | +0.07 |
| TTMI TTM Technologies | Reduce -28.6% | 1.49% | +0.25 |
| PHIN Phinia Inc. | Reduce -1.0% | 5.32% | +1.20 |
| NMM Navios Maritime Partners LP | Reduce -7.5% | 4.43% | +1.32 |
| DAC Danaos Corp. | Reduce -9.2% | 6.55% | +1.50 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -4.7% | 17.73% | +1.60 |
| DK Delek US Holdings Inc. | Reduce -22.5% | 9.42% | +2.73 |
Portfolio Buys Q4 2025 → Q1 2026
| SEDG Solaredge Technologies Inc. | Add +38.6% | 8.59% | +5.66 |
| UCTT Ultra Clean Holdings Inc. | New | 3.32% | +3.32 |
| SHC Sotera Health Co. | Add +11833.9% | 2.61% | +2.59 |
| NXE Nexgen Energy Ltd. | Add +31.1% | 4.63% | +2.29 |
| RIG Transocean Ltd. | Add +2.1% | 4.54% | +2.22 |
| FLS Flowserve Corp. | New | 2.21% | +2.21 |
| FLR Fluor Corp. | New | 2.13% | +2.13 |
| ILMN Illumina Inc. | Add +17.5% | 7.33% | +1.78 |
| Q Qnity Electronics Inc. | Add +8.5% | 3.90% | +1.77 |
| ONTO Onto Innovation Inc. | New | 0.94% | +0.94 |
| LFUS Littelfuse Inc. | New | 0.41% | +0.41 |
| VALE Vale SA-SP ADR | New | 0.26% | +0.26 |
| PBR Petroleo Brasileiro-Spon ADR | New | 0.23% | +0.23 |
| GLBE Global-E Online Ltd. | Add +55.0% | 0.73% | +0.23 |
| PYPL PayPal Holdings Inc. | New | 0.21% | +0.21 |
| MSI Motorola Solutions Inc. | New | 0.20% | +0.20 |
| AMZN Amazon.com Inc. | Add +20.0% | 0.76% | +0.17 |
| ITUB Itau Unibanco H-Spon PRF ADR | New | 0.15% | +0.15 |
| AEIS Advanced Energy Industries | New | 0.15% | +0.15 |
| SLB SLB Ltd. | Add +35.3% | 0.25% | +0.14 |
| COP Conocophillips | New | 0.12% | +0.12 |
| HAL Halliburton Co. | Add +15.8% | 0.25% | +0.12 |
| XOM Exxon Mobil Corp. | Add +12.9% | 0.24% | +0.11 |
| SUZ Suzano SA - Spon ADR | New | 0.11% | +0.11 |
| ADM Archer-Daniels-Midland Co. | New | 0.11% | +0.11 |
| BAK Braskem SA Class A- ADR | New | 0.06% | +0.06 |
| SCCO Southern Copper Corp. | Add +0.8% | 0.16% | +0.05 |
Options Activity Q4 2025 → Q1 2026
| FCX Freeport-McMoran Inc. | put | Sold out | 650,000 | $33.0Mbefore exit |
| VALE Vale SA-SP ADR | call | Reduce -26.1% | 1,706,000 | $27.1M |
| PBR Petroleo Brasileiro-Spon ADR | call | New | 600,000 | $12.4M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.