Menora Mivtachim Holdings LTD.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Menora Mivtachim Holdings LTD. reported 139 stock positions worth $21.3 billion. Its top holding was Nvidia (NVDA) at 6.9% of the portfolio, followed by Alphabet Class A (GOOGL, 6.6%) and Microsoft (MSFT, 6.5%). Compared with Q3 2025, it opened 18 new positions, sold out of 11, added to 56 and reduced 21. The biggest buy was Teva Pharmaceutical-SP ADR (TEVA, shares +1%) and the biggest sale an exit from Berkshire Hathaway Class B (BRK.B).

Most Recent 13F
Q2 2026
Location
Ramat Gan, L3
CIK
0001351917
Portfolio Value
$21.3B (Q4 2025)
SEC Filing
0001178913-26-000445 ↗ filed Feb 12, 2026

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 Q1 2025 Q2 2025: $17.4B Q2 2025 Q3 2025: $19.7B Q3 2025 Q4 2025: $21.3B $21.3B Q4 2025 Q1 2026: $21.1B Q1 2026 Q2 2026: $25.6B Q2 2026

Holdings 139 stocks · $21.3B
NVDA Nvidia Corp. 6.92% 7,893,605 $1.5B Add +22.6%
GOOGL Alphabet Inc. Class A 6.62% 4,497,871 $1.4B Reduce -5.9%
MSFT Microsoft Corp. 6.50% 2,857,325 $1.4B Add +0.5%
AAPL Apple Inc. 6.10% 4,776,136 $1.3B Reduce -0.2%
TEVA Teva Pharmaceutical-SP ADR 5.77% 39,316,183 $1.2B Add +1.0%
AMZN Amazon.com Inc. 3.62% 3,336,897 $770.2M Reduce -1.7%
AVGO Broadcom Inc. 2.97% 1,826,514 $632.2M Add +4.9%
XLI SS Industrial Select Sector 2.82% 3,874,240 $601.0M Add +9.8%
AMAT Applied Materials Inc. 2.71% 1,827,150 $576.5M Add +7.6%
META Meta Platforms Inc. Class A 2.69% 868,165 $573.1M Add +0.2%
FLIN Franklin Ftse India ETF 2.15% 11,844,036 $457.1M Add +27.0%
XLE SS Energy Select Sector 1.97% 9,373,600 $419.1M Add +29.8%
MA Mastercard Inc. Class A 1.86% 691,560 $394.8M Add +0.1%
TSLA Tesla Inc. 1.82% 860,781 $387.1M No change
NVMI Nova Ltd. 1.80% 1,165,333 $382.7M No change
JPM JPMorgan Chase & Co. 1.67% 1,105,564 $356.2M Reduce -25.4%
XLP SS Consumer Staples Sel Sect 1.51% 4,129,047 $320.7M Add +24.4%
LLY Eli Lilly & Co. 1.48% 293,800 $315.7M No change
KBWB Invesco KBW Bank ETF 1.41% 3,548,900 $299.1M Add +14.9%
XLV SS Health Care Select Sector 1.27% 1,745,213 $270.2M Add +70.1%
ABBV Abbvie Inc. 1.20% 1,114,813 $254.7M No change
MU Micron Technology Inc. 1.16% 866,150 $247.2M Reduce -21.7%
WMT Walmart Inc. 1.15% 2,196,244 $244.7M No change
IYT iShares US Transportation Et 1.09% 3,119,461 $232.4M Add +24462.7%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.08% 5,395,188 $230.3M Reduce -15.8%
TSM Taiwan Semiconductor-SP ADR 1.08% 757,344 $230.1M Reduce -30.9%
CAMT Camtek Ltd. 1.05% 2,099,351 $223.3M No change
HD Home Depot Inc. 1.01% 626,732 $215.7M No change
XLY SS Consumer Disc Select Sect 1.00% 1,776,906 $212.2M Reduce -6.4%
NICE Nice Ltd. - Spon ADR 0.99% 1,859,269 $210.2M Add +13.4%
XLK SS Technology Select Sector 0.94% 1,384,020 $199.3M Reduce -24.9%
PLD Prologis Inc. 0.93% 1,551,377 $198.0M Add +21.2%
ADBE Adobe Inc. 0.91% 555,235 $194.3M Add +60.2%
SMH Vaneck Semiconductor ETF 0.87% 514,280 $185.2M Reduce -10.7%
LRCX Lam Research Corp. 0.85% 1,059,280 $181.3M No change
IGV iShares Expanded Tech-Softwa 0.85% 1,706,601 $180.4M Reduce -15.8%
KO The Coca-Cola Co. 0.85% 2,572,750 $179.9M Add +37.4%
TMO Thermo Fisher Scientific Inc. 0.83% 304,632 $176.5M No change
XLC SS Comm Select Sector SPDR 0.79% 1,419,825 $167.1M Add +22.1%
UNP Union Pacific Corp. 0.77% 708,200 $163.8M Add +45.4%
IHI iShares U.S. Medical Devices 0.75% 2,561,450 $159.2M Reduce -35.1%
APO Apollo Global Management Inc. 0.75% 1,096,396 $158.7M No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.73% 773,119 $155.8M No change
PGR Progressive Corp. 0.73% 682,350 $155.4M New
ALL Allstate Corp. 0.73% 742,598 $154.6M No change
XLF SS Financial Select Sector 0.71% 2,769,442 $151.7M Add +15.2%
SPGI S&P Global Inc. 0.71% 289,711 $151.4M Add +29.3%
XLB SS Materials Select Sector 0.70% 3,272,700 $148.4M No change
GEHC GE Healthcare Technology 0.66% 1,715,250 $140.7M No change
ABT Abbott Laboratories 0.65% 1,095,288 $137.2M No change
UNH Unitedhealth Group Inc. 0.64% 409,578 $135.2M No change
CBRE CBRE Group Inc. Class A 0.59% 776,726 $124.9M No change
CAT Caterpillar Inc. 0.56% 207,500 $118.9M No change
NFLX Netflix Inc. 0.46% 1,038,650 $97.4M Add +66.2%
MCD McDonald's Corp. 0.45% 312,177 $95.4M No change
HWM Howmet Aerospace Inc. 0.42% 440,450 $90.3M No change
ZIM Zim Integrated Shipping Serv 0.41% 4,075,810 $86.5M New
ISRG Intuitive Surgical Inc. 0.38% 141,600 $80.2M New
UBER Uber Technologies Inc. 0.38% 980,183 $80.1M No change
RRC Range Resources Corp. 0.37% 2,240,000 $79.0M Add +56.6%
GDX Vaneck Gold Miners ETF 0.37% 919,250 $78.8M No change
PG The Procter & Gamble Co. 0.37% 547,135 $78.4M No change
KRE SS SPDR S&P Regional Bank 0.32% 1,059,500 $68.7M Add +101.0%
GLBE Global-E Online Ltd. 0.32% 1,730,424 $68.0M Add +33.5%
MDLZ Mondelez International Inc. Class A 0.30% 1,180,270 $63.5M Reduce -41.4%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.29% 694,850 $62.6M Add +53.0%
SEDG Solaredge Technologies Inc. 0.29% 2,166,521 $62.5M Add +3.0%
TSEM Tower Semiconductor Ltd. 0.29% 522,592 $61.4M Reduce -69.3%
HLT Hilton Worldwide Holdings Inc. 0.27% 196,815 $56.5M New
PRGO Perrigo Co. PLC 0.23% 3,527,000 $49.1M New
CHKP Check Point Software Tech 0.19% 217,307 $40.3M New
ENLT Enlight Renewable Energy Ltd. 0.19% 880,464 $40.0M Reduce -1.4%
SMWB Similarweb Ltd. 0.14% 4,015,494 $30.1M Add +25.2%
URGN Urogen Pharma Ltd. 0.13% 1,152,531 $27.0M No change
ELLO Ellomay Capital Ltd. 0.10% 945,000 $21.4M No change
TBLA Taboola.com Ltd. 0.09% 4,212,735 $19.4M No change
NYAX Nayax Ltd. 0.07% 312,182 $15.8M Reduce -1.1%
TCAF T Rowe PRC Cap Appreciation 0.07% 390,873 $14.9M Add +10.3%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.07% 341,890 $14.9M Add +10.0%
NVO Novo-Nordisk A/S-Spons ADR 0.07% 276,168 $14.1M Add +2.2%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.06% 214,615 $13.1M Add +8.9%
VFVA Vanguard U.S. Value Factor 0.06% 96,723 $12.8M Add +8.2%
VWO Vanguard Ftse Emerging Marke 0.06% 234,000 $12.6M Add +20.2%
QQQ Invesco QQQ Trust Series 1 0.06% 20,293 $12.5M Add +50.4%
WTV Wisdomtree U.S. Value Fund 0.05% 118,814 $11.1M Add +10.3%
AFLG First Trust Active Factor La 0.05% 282,924 $11.1M Add +10.2%
DFEM Dimensional Emrg MRKT Core 0.04% 286,479 $9.5M Add +11.5%
DIHP Dimensional International Hi 0.04% 295,015 $9.3M Add +9.5%
CGGR Cap Group Growth Equity 0.04% 209,512 $9.3M Add +11.6%
JGRO JPMorgan Active Growth ETF 0.04% 100,042 $9.3M Add +12.6%
FELG Fidelity Enh LRG Cap GWTH 0.04% 222,602 $9.3M Add +9.3%
WIX Wix.com Ltd. 0.04% 88,252 $9.2M No change
MBLY Mobileye Global Inc. Class A 0.04% 830,000 $8.7M No change
FBCG Fidelity Blue Chip Grow ETF 0.04% 136,270 $7.5M Add +10.3%
THRO iShares U.S. Thematic Rotati 0.04% 192,892 $7.4M Add +10.4%
TSPA T Rowe Price US Eqy Research 0.03% 173,675 $7.4M Add +9.4%
FFSM Fidelity FNDM SM Mid Cap ETF 0.03% 238,562 $7.3M Add +7.0%
SCHG Schwab US Large-Cap Growth 0.03% 196,932 $6.4M No change
RSP Invesco S&P 500 Equal Weight 0.03% 30,217 $5.8M Add +8.8%
VOO Vanguard S&P 500 ETF 0.03% 8,987 $5.6M Reduce -17.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.02% 6,040 $4.1M No change
IWM iShares Russell 2000 ETF 0.02% 16,346 $4.0M No change
KWEB Kranesh Csi China Internet 0.01% 60,000 $2.0M Add +106.9%
ICL Icl Group Ltd. 0.01% 350,148 $2.0M New
SHLD Global X Defense Tech ETF 0.01% 22,050 $1.4M No change
FEZ State Street SPDR Euro Stoxx 0.01% 20,000 $1.3M No change
MDWD Mediwound Ltd. 0.01% 65,147 $1.2M Reduce -17.1%
ITB iShares U.S. Home Constructi 0.01% 12,000 $1.2M Add +50.0%
V Visa Inc. Class A 0.00% 3,000 $1.1M Add +50.0%
KBWP Invesco KBW Property & Casua 0.00% 8,000 $1.0M Add +60.0%
OIH Vaneck Oil Services ETF 0.00% 3,250 $926K No change
NKE Nike Inc. Class B 0.00% 12,000 $765K Add +100.0%
REZ Ishars Res and Multi Reales 0.00% 8,500 $702K No change
VEGI iShares MSCI Agriculture Pro 0.00% 18,000 $694K No change
XRT SS SPDR S&P Retail ETF 0.00% 8,000 $682K Add +100.0%
FLJP Franklin Ftse Japan ETF 0.00% 19,000 $655K New
FLSW Franklin Ftse Switzerland 0.00% 15,200 $630K No change
XBI SS SPDR S&P Biotech ETF 0.00% 5,000 $610K No change
BA The Boeing Co. 0.00% 2,800 $608K Reduce -99.1%
EWJ iShares MSCI Japan ETF 0.00% 7,000 $565K Reduce -56.8%
IWF iShares Russell 1000 Growth 0.00% 1,007 $477K No change
SCHH Schwab US REIT ETF 0.00% 22,500 $470K New
XHB SS SPDR S&P Homebldrs ETF 0.00% 4,000 $412K New
FLCA Franklin Ftse Canada ETF 0.00% 8,000 $386K No change
ACWI iShares MSCI Acwi ETF 0.00% 2,290 $324K No change
SLGL Sol-Gel Technologies Ltd. 0.00% 7,611 $321K No change
MRK Merck & Co. Inc. 0.00% 3,000 $316K New
FLCH Franklin Ftse China ETF 0.00% 13,000 $309K No change
OTIS Otis Worldwide Corp. 0.00% 3,500 $306K No change
MELI MercadoLibre Inc. 0.00% 150 $302K New
FCX Freeport-McMoran Inc. 0.00% 5,000 $254K Reduce -50.0%
GBLD Invesco MSCI Building ETF 0.00% 13,581 $245K Add +23.8%
EVX Vaneck Environmental Service 0.00% 6,315 $241K Add +22.3%
NFRA NT GLBL BRD Infra ETF 0.00% 3,837 $232K New
TBLU Tortoise Global Water ETF 0.00% 4,532 $230K New
KROP Global X FDS 0.00% 7,523 $228K New
FRNW Fidelity Clean Energy ETF 0.00% 11,056 $225K New
PAVE Global X US Infrastructure 0.00% 4,471 $214K New
SHE SS SPDR MSCI U Gend Div ETF 0.00% 1,554 $205K New

Options reported separately and not counted above: TBLAW calls ($10K), INNOVID CORP calls ($8K).

Portfolio Sells Q3 2025 → Q4 2025
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −1.46
XME SS SPDR S&P Metals Mining Sold out 0.00% −1.09
JPM JPMorgan Chase & Co. Reduce -25.4% 1.67% −0.70
TSM Taiwan Semiconductor-SP ADR Reduce -30.9% 1.08% −0.47
IHI iShares U.S. Medical Devices Reduce -35.1% 0.75% −0.46
TXN Texas Instruments Inc. Sold out 0.00% −0.43
MS Morgan Stanley Sold out 0.00% −0.43
XLK SS Technology Select Sector Reduce -24.9% 0.94% −0.38
MDLZ Mondelez International Inc. Class A Reduce -41.4% 0.30% −0.34
BA The Boeing Co. Reduce -99.1% 0.00% −0.34
TSEM Tower Semiconductor Ltd. Reduce -69.3% 0.29% −0.34
IGV iShares Expanded Tech-Softwa Reduce -15.8% 0.85% −0.34
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -15.8% 1.08% −0.34
ARE Alexandria Real Estate Equit Sold out 0.00% −0.31
KMB Kimberly-Clark Corp. Sold out 0.00% −0.28
BIRK Birkenstock Holding PLC Sold out 0.00% −0.25
ODFL Old Dominion Freight Line Sold out 0.00% −0.21
AMZN Amazon.com Inc. Reduce -1.7% 3.62% −0.16
XLY SS Consumer Disc Select Sect Reduce -6.4% 1.00% −0.16
SMH Vaneck Semiconductor ETF Reduce -10.7% 0.87% −0.08
AAPL Apple Inc. Reduce -0.2% 6.10% −0.08
VOO Vanguard S&P 500 ETF Reduce -17.4% 0.03% −0.01
EWJ iShares MSCI Japan ETF Reduce -56.8% 0.00% −0.00
HON Honeywell International Inc. Sold out 0.00% −0.00
NYAX Nayax Ltd. Reduce -1.1% 0.07% −0.00
CF CF Industries Holdings Inc. Sold out 0.00% −0.00
MDWD Mediwound Ltd. Reduce -17.1% 0.01% −0.00
ICLN iShares Global Clean Energy Sold out 0.00% −0.00
FCX Freeport-McMoran Inc. Reduce -50.0% 0.00% −0.00
ENLT Enlight Renewable Energy Ltd. Reduce -1.4% 0.19% +0.05
MU Micron Technology Inc. Reduce -21.7% 1.16% +0.22
GOOGL Alphabet Inc. Class A Reduce -5.9% 6.62% +0.72

Portfolio Buys Q3 2025 → Q4 2025
TEVA Teva Pharmaceutical-SP ADR Add +1.0% 5.77% +1.78
IYT iShares US Transportation Et Add +24462.7% 1.09% +1.09
AMAT Applied Materials Inc. Add +7.6% 2.71% +0.95
NVDA Nvidia Corp. Add +22.6% 6.92% +0.82
PGR Progressive Corp. New 0.73% +0.73
XLV SS Health Care Select Sector Add +70.1% 1.27% +0.55
ZIM Zim Integrated Shipping Serv New 0.41% +0.41
FLIN Franklin Ftse India ETF Add +27.0% 2.15% +0.38
ISRG Intuitive Surgical Inc. New 0.38% +0.38
XLE SS Energy Select Sector Add +29.8% 1.97% +0.33
ADBE Adobe Inc. Add +60.2% 0.91% +0.29
HLT Hilton Worldwide Holdings Inc. New 0.27% +0.27
PRGO Perrigo Co. PLC New 0.23% +0.23
KO The Coca-Cola Co. Add +37.4% 0.85% +0.21
CHKP Check Point Software Tech New 0.19% +0.19
XLP SS Consumer Staples Sel Sect Add +24.4% 1.51% +0.19
PLD Prologis Inc. Add +21.2% 0.93% +0.19
UNP Union Pacific Corp. Add +45.4% 0.77% +0.19
KBWB Invesco KBW Bank ETF Add +14.9% 1.41% +0.18
SPGI S&P Global Inc. Add +29.3% 0.71% +0.16
KRE SS SPDR S&P Regional Bank Add +101.0% 0.32% +0.15
RRC Range Resources Corp. Add +56.6% 0.37% +0.10
XLC SS Comm Select Sector SPDR Add +22.1% 0.79% +0.09
GLBE Global-E Online Ltd. Add +33.5% 0.32% +0.08
BJ Bj's Wholesale Club Holdings Add +53.0% 0.29% +0.08
NFLX Netflix Inc. Add +66.2% 0.46% +0.08
XLI SS Industrial Select Sector Add +9.8% 2.82% +0.06
AVGO Broadcom Inc. Add +4.9% 2.97% +0.06
XLF SS Financial Select Sector Add +15.2% 0.71% +0.06
QQQ Invesco QQQ Trust Series 1 Add +50.4% 0.06% +0.02
ICL Icl Group Ltd. New 0.01% +0.01
VWO Vanguard Ftse Emerging Marke Add +20.2% 0.06% +0.01
CGDV Cap Group Dividend Value Add +10.0% 0.07% +0.00
KWEB Kranesh Csi China Internet Add +106.9% 0.01% +0.00
FLJP Franklin Ftse Japan ETF New 0.00% +0.00
DFEM Dimensional Emrg MRKT Core Add +11.5% 0.04% +0.00
VFVA Vanguard U.S. Value Factor Add +8.2% 0.06% +0.00
TCAF T Rowe PRC Cap Appreciation Add +10.3% 0.07% +0.00
DIHP Dimensional International Hi Add +9.5% 0.04% +0.00
WTV Wisdomtree U.S. Value Fund Add +10.3% 0.05% +0.00
SCHH Schwab US REIT ETF New 0.00% +0.00
DYNF Ishrs US E F R A ETF-Usd Inc. Add +8.9% 0.06% +0.00
CGGR Cap Group Growth Equity Add +11.6% 0.04% +0.00
XHB SS SPDR S&P Homebldrs ETF New 0.00% +0.00
KBWP Invesco KBW Property & Casua Add +60.0% 0.00% +0.00
FBCG Fidelity Blue Chip Grow ETF Add +10.3% 0.04% +0.00
MRK Merck & Co. Inc. New 0.00% +0.00
NKE Nike Inc. Class B Add +100.0% 0.00% +0.00
XRT SS SPDR S&P Retail ETF Add +100.0% 0.00% +0.00
V Visa Inc. Class A Add +50.0% 0.00% +0.00

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