Menora Mivtachim Holdings LTD.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Menora Mivtachim Holdings LTD. reported 123 stock positions worth $15.4 billion. Its top holding was Microsoft (MSFT) at 6.9% of the portfolio, followed by Apple (AAPL, 6.9%) and Alphabet Class A (GOOGL, 4.6%). Compared with Q4 2024, it opened 32 new positions, sold out of 6, added to 25 and reduced 36. The biggest buy was SS Energy Select Sector (XLE, shares +306%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −98%).

Most Recent 13F
Q2 2026
Location
Ramat Gan, L3
CIK
0001351917
Portfolio Value
$15.4B (Q1 2025)
SEC Filing
0001178913-25-001752 ↗ filed May 13, 2025

Holdings Value

0$10.0B$20.0B$30.0B Q1 2024: $13.3B Q1 2024 Q2 2024: $14.7B Q2 2024 Q3 2024: $15.9B Q3 2024 Q4 2024: $16.0B Q4 2024 Q1 2025: $15.4B $15.4B Q1 2025 Q2 2025: $17.4B Q2 2025 Q3 2025: $19.7B Q3 2025 Q4 2025: $21.3B Q4 2025 Q1 2026: $21.1B Q1 2026 Q2 2026: $25.6B Q2 2026

Holdings 123 stocks · $15.4B
MSFT Microsoft Corp. 6.95% 2,844,075 $1.1B Reduce -3.2%
AAPL Apple Inc. 6.90% 4,776,203 $1.1B Reduce -4.3%
GOOGL Alphabet Inc. Class A 4.64% 4,611,896 $713.2M Reduce -1.4%
NVDA Nvidia Corp. 4.54% 6,438,785 $697.8M Add +0.0%
AMZN Amazon.com Inc. 3.89% 3,143,620 $598.1M Add +5.6%
META Meta Platforms Inc. Class A 3.57% 951,265 $548.3M Reduce -9.3%
XLE SS Energy Select Sector 3.05% 5,007,550 $468.0M Add +305.6%
TEVA Teva Pharmaceutical-SP ADR 2.92% 29,189,316 $448.6M Add +2.9%
MA Mastercard Inc. Class A 2.46% 689,960 $378.2M Reduce -0.0%
JPM JPMorgan Chase & Co. 2.37% 1,482,114 $363.6M Reduce -0.1%
FLIN Franklin Ftse India ETF 2.24% 9,329,036 $343.7M Reduce -16.4%
XLI SS Industrial Select Sector 2.05% 2,404,390 $315.1M Add +21.8%
IHI iShares U.S. Medical Devices 1.99% 5,072,050 $305.3M New
HD Home Depot Inc. 1.86% 781,732 $286.5M Add +19.5%
XLV SS Health Care Select Sector 1.82% 1,918,932 $280.2M Add +30.6%
XLP SS Consumer Staples Sel Sect 1.77% 3,325,247 $271.6M Reduce -28.5%
NICE Nice Ltd. - Spon ADR 1.67% 1,660,037 $255.9M No change
AMAT Applied Materials Inc. 1.60% 1,695,664 $246.1M No change
BRK.B Berkshire Hathaway Inc. Class B 1.55% 447,486 $238.3M No change
ABBV Abbvie Inc. 1.52% 1,114,813 $233.6M Reduce -28.4%
NVMI Nova Ltd. 1.52% 1,264,983 $233.2M No change
AVGO Broadcom Inc. 1.51% 1,389,074 $232.6M Add +78.3%
WMT Walmart Inc. 1.42% 2,491,844 $218.8M Reduce -9.3%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.42% 2,763,194 $217.9M Reduce -29.5%
LLY Eli Lilly & Co. 1.32% 246,300 $203.4M Add +15.2%
IGV iShares Expanded Tech-Softwa 1.29% 2,235,301 $198.9M Reduce -13.6%
TSM Taiwan Semiconductor-SP ADR 1.18% 1,096,731 $182.1M Reduce -26.7%
UNH Unitedhealth Group Inc. 1.15% 338,328 $177.2M Reduce -18.0%
XLK SS Technology Select Sector 1.13% 841,840 $173.8M Add +30568.1%
TSLA Tesla Inc. 1.12% 661,735 $171.5M Add +24.8%
XLF SS Financial Select Sector 1.11% 3,409,942 $169.8M Reduce -13.1%
XLB SS Materials Select Sector 1.10% 1,973,449 $169.7M Add +8.8%
ALL Allstate Corp. 1.00% 742,598 $153.8M No change
APO Apollo Global Management Inc. 0.98% 1,096,396 $150.1M Add +6.8%
ABT Abbott Laboratories 0.95% 1,095,288 $145.3M Reduce -23.7%
XLC SS Comm Select Sector SPDR 0.92% 1,463,175 $141.1M New
MTB M & T Bank Corp. filed as M & T BK CORP 0.90% 773,119 $138.2M No change
MDLZ Mondelez International Inc. Class A 0.89% 2,009,770 $136.4M Reduce -0.3%
KO The Coca-Cola Co. 0.87% 1,872,750 $134.1M New
ADBE Adobe Inc. 0.86% 345,780 $132.6M No change
MCD McDonald's Corp. 0.83% 408,677 $127.7M Reduce -17.7%
MS Morgan Stanley 0.81% 1,068,227 $124.6M Reduce -30.3%
ITB iShares U.S. Home Constructi 0.78% 1,258,000 $119.8M New
UNP Union Pacific Corp. 0.75% 487,200 $115.1M New
SPGI S&P Global Inc. 0.74% 224,011 $113.8M No change
OTIS Otis Worldwide Corp. 0.74% 1,099,996 $113.5M Reduce -54.9%
CAT Caterpillar Inc. 0.74% 343,217 $113.2M No change
XLY SS Consumer Disc Select Sect 0.71% 552,933 $109.2M New
SMH Vaneck Semiconductor ETF 0.68% 496,500 $105.0M Add +48.1%
CBRE CBRE Group Inc. Class A 0.66% 776,726 $101.6M Reduce -20.5%
MU Micron Technology Inc. 0.63% 1,108,850 $96.3M Reduce -0.3%
HWM Howmet Aerospace Inc. 0.61% 720,950 $93.5M New
KBWB Invesco KBW Bank ETF 0.61% 1,488,000 $93.4M New
PG The Procter & Gamble Co. 0.61% 547,135 $93.2M New
CAMT Camtek Ltd. 0.60% 1,566,433 $91.8M No change
TMO Thermo Fisher Scientific Inc. 0.56% 171,932 $85.6M Reduce -21.6%
TXN Texas Instruments Inc. 0.54% 464,887 $83.5M Reduce -24.1%
ODFL Old Dominion Freight Line 0.54% 500,000 $82.7M Add +11.1%
PLD Prologis Inc. 0.53% 729,377 $81.5M No change
LRCX Lam Research Corp. 0.50% 1,059,280 $77.0M Reduce -23.3%
UBER Uber Technologies Inc. 0.46% 980,183 $71.4M Reduce -41.2%
TSEM Tower Semiconductor Ltd. 0.44% 1,879,207 $67.0M Add +39.7%
BA The Boeing Co. 0.40% 364,719 $62.2M Reduce -54.1%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.40% 790,334 $61.8M Reduce -3.1%
TECK Teck Resources Ltd.-CLS B 0.38% 1,581,657 $57.6M No change
NEE Nextera Energy Inc. 0.33% 715,000 $50.7M New
XME SS SPDR S&P Metals Mining 0.31% 858,050 $48.0M New
XLRE SS Real Estate Select Sector 0.26% 959,400 $40.2M New
WIX Wix.com Ltd. 0.17% 163,647 $26.7M New
URGN Urogen Pharma Ltd. 0.17% 2,303,031 $25.5M No change
NVO Novo-Nordisk A/S-Spons ADR 0.12% 270,168 $18.8M Reduce -68.0%
SMWB Similarweb Ltd. 0.12% 2,246,470 $18.6M Add +33.2%
ENLT Enlight Renewable Energy Ltd. 0.09% 892,764 $14.4M No change
TBLA Taboola.com Ltd. 0.08% 4,212,735 $12.4M No change
MBLY Mobileye Global Inc. Class A 0.08% 830,000 $11.9M No change
NYAX Nayax Ltd. 0.07% 315,777 $10.7M No change
ZIM Zim Integrated Shipping Serv 0.07% 700,000 $10.2M Reduce -50.0%
PERI Perion Network Ltd. 0.07% 1,247,656 $10.2M No change
SPNS Sapiens International Corp. 0.06% 322,401 $8.7M No change
SEDG Solaredge Technologies Inc. 0.05% 475,620 $7.7M No change
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.05% 194,991 $6.9M New
TCAF T Rowe PRC Cap Appreciation 0.04% 211,012 $6.8M New
VFVA Vanguard U.S. Value Factor 0.04% 59,341 $6.8M New
DYNF Ishrs US E F R A ETF-Usd Inc. 0.04% 137,516 $6.7M New
QQQ Invesco QQQ Trust Series 1 0.04% 12,493 $5.9M Add +42.6%
VWO Vanguard Ftse Emerging Marke 0.04% 125,000 $5.7M Add +27.6%
SCHG Schwab US Large-Cap Growth 0.03% 194,792 $4.9M Add +14.2%
VOO Vanguard S&P 500 ETF 0.03% 8,987 $4.6M Reduce -98.3%
ICL Icl Group Ltd. 0.03% 777,571 $4.4M No change
FELG Fidelity Enh LRG Cap GWTH 0.03% 136,061 $4.3M New
NUGO Nuveen Growth Opportunities 0.03% 139,225 $4.3M New
FDG American Century Focused DYN 0.03% 46,560 $4.2M New
AVES Avantis Emerging Markets Val 0.03% 84,065 $4.0M New
TSPA T Rowe Price US Eqy Research 0.02% 106,025 $3.7M New
FFSM Fidelity FNDM SM Mid Cap ETF 0.02% 145,859 $3.7M New
JGRO JPMorgan Active Growth ETF 0.02% 48,873 $3.6M New
CGGR Cap Group Growth Equity 0.02% 105,026 $3.6M New
SPY SS SPDR S&P 500 ETF Trust-US 0.02% 6,040 $3.4M No change
RSP Invesco S&P 500 Equal Weight 0.02% 19,500 $3.4M Add +129.4%
ESLT Elbit Systems Ltd. 0.02% 7,334 $2.8M No change
FBCG Fidelity Blue Chip Grow ETF 0.02% 69,450 $2.8M New
IWM iShares Russell 2000 ETF 0.01% 9,946 $2.0M Reduce -2.0%
FLCH Franklin Ftse China ETF 0.01% 63,000 $1.3M Add +5.0%
KWEB Kranesh Csi China Internet 0.01% 34,000 $1.2M Add +54.5%
OIH Vaneck Oil Services ETF 0.01% 3,250 $852K No change
REZ Ishars Res and Multi Reales 0.00% 8,500 $735K Reduce -99.3%
GLBE Global-E Online Ltd. 0.00% 19,370 $691K New
SHLD Global X Defense Tech ETF 0.00% 13,000 $605K Reduce -98.9%
HON Honeywell International Inc. 0.00% 2,300 $487K Add +64.3%
IYT iShares US Transportation Et 0.00% 7,600 $487K No change
XBI SS SPDR S&P Biotech ETF 0.00% 5,000 $406K No change
KRE SS SPDR S&P Regional Bank 0.00% 7,000 $398K New
NKE Nike Inc. Class B 0.00% 6,000 $381K No change
ITA iShares U.S. Aerospace & Def 0.00% 2,400 $367K New
IWF iShares Russell 1000 Growth 0.00% 1,007 $364K No change
V Visa Inc. Class A 0.00% 1,000 $350K Reduce -41.2%
VEGI iShares MSCI Agriculture Pro 0.00% 9,000 $334K New
GS Goldman Sachs Group Inc. 0.00% 600 $328K Add +20.0%
FLCA Franklin Ftse Canada ETF 0.00% 8,000 $298K New
MGIC Magic Software Enterprises 0.00% 21,000 $273K New
ACWI iShares MSCI Acwi ETF 0.00% 2,290 $267K No change
KROP Global X FDS 0.00% 14,879 $148K Reduce -0.4%
SLGL Sol-Gel Technologies Ltd. 0.00% 76,114 $40K No change

Options reported separately and not counted above: RRC calls ($57.1M), TBLAW calls ($35K), INNOVID CORP calls ($8K).

Portfolio Sells Q4 2024 → Q1 2025
VOO Vanguard S&P 500 ETF Reduce -98.3% 0.03% −1.74
AAPL Apple Inc. Reduce -4.3% 6.90% −0.93
GOOGL Alphabet Inc. Class A Reduce -1.4% 4.64% −0.91
MSFT Microsoft Corp. Reduce -3.2% 6.95% −0.81
OTIS Otis Worldwide Corp. Reduce -54.9% 0.74% −0.68
TSM Taiwan Semiconductor-SP ADR Reduce -26.7% 1.18% −0.67
ROL Rollins Inc. Sold out 0.00% −0.64
REZ Ishars Res and Multi Reales Reduce -99.3% 0.00% −0.64
ALV Autoliv Inc. Sold out 0.00% −0.59
XLP SS Consumer Staples Sel Sect Reduce -28.5% 1.77% −0.52
BA The Boeing Co. Reduce -54.1% 0.40% −0.48
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -29.5% 1.42% −0.44
FLIN Franklin Ftse India ETF Reduce -16.4% 2.24% −0.41
MS Morgan Stanley Reduce -30.3% 0.81% −0.40
NVO Novo-Nordisk A/S-Spons ADR Reduce -68.0% 0.12% −0.33
IGV iShares Expanded Tech-Softwa Reduce -13.6% 1.29% −0.33
PANW Palo Alto Networks Inc. Sold out 0.00% −0.32
META Meta Platforms Inc. Class A Reduce -9.3% 3.57% −0.28
SHLD Global X Defense Tech ETF Reduce -98.9% 0.00% −0.28
ABBV Abbvie Inc. Reduce -28.4% 1.52% −0.21
TXN Texas Instruments Inc. Reduce -24.1% 0.54% −0.18
UBER Uber Technologies Inc. Reduce -41.2% 0.46% −0.17
TMO Thermo Fisher Scientific Inc. Reduce -21.6% 0.56% −0.16
UNH Unitedhealth Group Inc. Reduce -18.0% 1.15% −0.15
CBRE CBRE Group Inc. Class A Reduce -20.5% 0.66% −0.14
WMT Walmart Inc. Reduce -9.3% 1.42% −0.13
LRCX Lam Research Corp. Reduce -23.3% 0.50% −0.12
ZIM Zim Integrated Shipping Serv Reduce -50.0% 0.07% −0.12
XLF SS Financial Select Sector Reduce -13.1% 1.11% −0.08
ABT Abbott Laboratories Reduce -23.7% 0.95% −0.07
MCD McDonald's Corp. Reduce -17.7% 0.83% −0.07
CF CF Industries Holdings Inc. Reduce -3.1% 0.40% −0.03
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.00
IWM iShares Russell 2000 ETF Reduce -2.0% 0.01% −0.00
V Visa Inc. Class A Reduce -41.2% 0.00% −0.00
FRNW Fidelity Clean Energy ETF Sold out 0.00% −0.00
ICLN iShares Global Clean Energy Sold out 0.00% −0.00
KROP Global X FDS Reduce -0.4% 0.00% +0.00
MU Micron Technology Inc. Reduce -0.3% 0.63% +0.04
MDLZ Mondelez International Inc. Class A Reduce -0.3% 0.89% +0.13
JPM JPMorgan Chase & Co. Reduce -0.1% 2.37% +0.14
MA Mastercard Inc. Class A Reduce -0.0% 2.46% +0.18

Portfolio Buys Q4 2024 → Q1 2025
XLE SS Energy Select Sector Add +305.6% 3.05% +2.38
IHI iShares U.S. Medical Devices New 1.99% +1.99
XLK SS Technology Select Sector Add +30568.1% 1.13% +1.13
XLC SS Comm Select Sector SPDR New 0.92% +0.92
KO The Coca-Cola Co. New 0.87% +0.87
ITB iShares U.S. Home Constructi New 0.78% +0.78
UNP Union Pacific Corp. New 0.75% +0.75
XLY SS Consumer Disc Select Sect New 0.71% +0.71
HWM Howmet Aerospace Inc. New 0.61% +0.61
KBWB Invesco KBW Bank ETF New 0.61% +0.61
PG The Procter & Gamble Co. New 0.61% +0.61
XLV SS Health Care Select Sector Add +30.6% 1.82% +0.56
XLI SS Industrial Select Sector Add +21.8% 2.05% +0.42
AVGO Broadcom Inc. Add +78.3% 1.51% +0.38
NEE Nextera Energy Inc. New 0.33% +0.33
XME SS SPDR S&P Metals Mining New 0.31% +0.31
LLY Eli Lilly & Co. Add +15.2% 1.32% +0.29
HD Home Depot Inc. Add +19.5% 1.86% +0.27
XLRE SS Real Estate Select Sector New 0.26% +0.26
SMH Vaneck Semiconductor ETF Add +48.1% 0.68% +0.17
WIX Wix.com Ltd. New 0.17% +0.17
XLB SS Materials Select Sector Add +8.8% 1.10% +0.15
CGDV Cap Group Dividend Value New 0.05% +0.05
TCAF T Rowe PRC Cap Appreciation New 0.04% +0.04
VFVA Vanguard U.S. Value Factor New 0.04% +0.04
DYNF Ishrs US E F R A ETF-Usd Inc. New 0.04% +0.04
ODFL Old Dominion Freight Line Add +11.1% 0.54% +0.04
FELG Fidelity Enh LRG Cap GWTH New 0.03% +0.03
NUGO Nuveen Growth Opportunities New 0.03% +0.03
FDG American Century Focused DYN New 0.03% +0.03
AVES Avantis Emerging Markets Val New 0.03% +0.03
TSPA T Rowe Price US Eqy Research New 0.02% +0.02
FFSM Fidelity FNDM SM Mid Cap ETF New 0.02% +0.02
JGRO JPMorgan Active Growth ETF New 0.02% +0.02
CGGR Cap Group Growth Equity New 0.02% +0.02
FBCG Fidelity Blue Chip Grow ETF New 0.02% +0.02
RSP Invesco S&P 500 Equal Weight Add +129.4% 0.02% +0.01
QQQ Invesco QQQ Trust Series 1 Add +42.6% 0.04% +0.01
VWO Vanguard Ftse Emerging Marke Add +27.6% 0.04% +0.01
GLBE Global-E Online Ltd. New 0.00% +0.00
KWEB Kranesh Csi China Internet Add +54.5% 0.01% +0.00
KRE SS SPDR S&P Regional Bank New 0.00% +0.00
ITA iShares U.S. Aerospace & Def New 0.00% +0.00
VEGI iShares MSCI Agriculture Pro New 0.00% +0.00
FLCA Franklin Ftse Canada ETF New 0.00% +0.00
SCHG Schwab US Large-Cap Growth Add +14.2% 0.03% +0.00
FLCH Franklin Ftse China ETF Add +5.0% 0.01% +0.00
MGIC Magic Software Enterprises New 0.00% +0.00
TSEM Tower Semiconductor Ltd. Add +39.7% 0.44% +0.00
HON Honeywell International Inc. Add +64.3% 0.00% +0.00

Options Activity Q4 2024 → Q1 2025
RRC Range Resources Corp. call New 1,430,000 $57.1M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 173$25.6BNVDA, AAPL, GOOGL, TEVA, AMZN
Q1 2026 155$21.1BNVDA, AAPL, TEVA, GOOGL, MSFT
Q4 2025 139$21.3BNVDA, GOOGL, MSFT, AAPL, TEVA
Q3 2025 132$19.7BMSFT, AAPL, NVDA, GOOGL, TEVA
Q2 2025 129$17.4BMSFT, NVDA, AAPL, GOOGL, AMZN
Q1 2025 123$15.4BMSFT, AAPL, GOOGL, NVDA, AMZN
Q4 2024 97$16.0BAAPL, MSFT, GOOGL, NVDA, AMZN
Q3 2024 93$15.9BMSFT, AAPL, GOOGL, META, NVDA
Q2 2024 94$14.7BMSFT, AAPL, GOOGL, AMAT, META
Q1 2024 86$13.3BMSFT, GOOGL, AAPL, AMAT, META