Migdal Insurance & Financial Holdings Ltd.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 5, 2025), Migdal Insurance & Financial Holdings Ltd. reported 407 stock positions worth $7.1 billion. Its top holding was Teva Pharmaceutical-SP ADR (TEVA) at 5.7% of the portfolio, followed by SS Industrial Select Sector (XLI, 5.6%) and SS Financial Select Sector (XLF, 5.0%). Compared with Q4 2024, it opened 115 new positions, sold out of 96, added to 117 and reduced 114. The biggest buy was SS Energy Select Sector (XLE, shares +18165%) and the biggest sale SS SPDR S&P Regional Bank (KRE, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- Petach Tikva, L3
- CIK
- 0001415912
- Portfolio Value
- $7.1B (Q1 2025)
- SEC Filing
- 0001178913-25-001564 ↗ filed May 5, 2025
Holdings Value
Holdings 407 stocks · $7.1B
| TEVA Teva Pharmaceutical-SP ADR | 5.68% | 26,335,422 | $404.8M | Add +1.1% |
| XLI SS Industrial Select Sector | 5.61% | 3,048,766 | $399.6M | Reduce -6.0% |
| XLF SS Financial Select Sector | 5.04% | 7,202,847 | $358.8M | Add +14.5% |
| XLK SS Technology Select Sector | 4.66% | 1,607,952 | $332.0M | Add +65.2% |
| NICE Nice Ltd. - Spon ADR | 3.82% | 1,766,270 | $272.3M | Add +12.3% |
| AMZN Amazon.com Inc. | 3.48% | 1,300,900 | $247.5M | Add +20.5% |
| NVMI Nova Ltd. | 3.29% | 1,270,985 | $234.3M | Reduce -7.3% |
| XLC SS Comm Select Sector SPDR | 3.28% | 2,423,061 | $233.7M | Add +4.8% |
| TSM Taiwan Semiconductor-SP ADR | 3.18% | 1,358,317 | $226.4M | Add +55.1% |
| IGV iShares Expanded Tech-Softwa | 3.09% | 2,474,572 | $220.2M | Reduce -12.1% |
| AAPL Apple Inc. | 3.04% | 973,700 | $216.3M | Add +65.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 3.00% | 1,965,000 | $213.6M | No change |
| KBWB Invesco KBW Bank ETF | 2.99% | 3,395,000 | $213.1M | Add +27.1% |
| GOOG Alphabet Inc. Class C | 2.74% | 1,247,125 | $194.8M | Reduce -0.4% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 2.69% | 2,432,256 | $191.8M | Add +44.4% |
| XLY SS Consumer Disc Select Sect | 2.53% | 913,237 | $180.3M | Add +30.8% |
| XLE SS Energy Select Sector | 2.05% | 1,558,341 | $145.6M | Add +18164.7% |
| KWEB Kranesh Csi China Internet | 1.77% | 3,611,134 | $126.1M | New |
| XLP SS Consumer Staples Sel Sect | 1.66% | 1,448,648 | $118.3M | Add +20234.8% |
| MSFT Microsoft Corp. | 1.63% | 308,479 | $115.8M | Add +63.9% |
| EPI Wisdomtree India Earnings | 1.57% | 2,561,219 | $112.0M | Reduce -0.3% |
| TSEM Tower Semiconductor Ltd. | 1.39% | 2,777,806 | $99.1M | Reduce -0.7% |
| ORCL Oracle Corp. | 1.35% | 687,000 | $96.0M | Add +71.7% |
| XBI SS SPDR S&P Biotech ETF | 1.20% | 1,050,000 | $85.2M | New |
| CAMT Camtek Ltd. | 1.19% | 1,448,441 | $84.9M | Add +27.6% |
| CORP PIMCO Inv Grade Corp. BD ETF | 1.18% | 870,906 | $84.3M | Reduce -7.8% |
| TAN Invesco Solar ETF | 1.16% | 2,705,000 | $82.4M | Add +103.4% |
| LLY Eli Lilly & Co. | 1.05% | 90,635 | $74.9M | Add +49.3% |
| XLB SS Materials Select Sector | 0.99% | 820,000 | $70.5M | Reduce -29.3% |
| FLIN Franklin Ftse India ETF | 0.91% | 1,765,490 | $65.0M | Reduce -1.7% |
| JPM JPMorgan Chase & Co. | 0.87% | 252,344 | $61.9M | Reduce -0.5% |
| VGIT Vanguard Intermediate-Term T | 0.76% | 913,514 | $54.3M | Reduce -13.1% |
| XLRE SS Real Estate Select Sector | 0.68% | 1,150,124 | $48.1M | Add +0.0% |
| NVDA Nvidia Corp. | 0.65% | 428,591 | $46.5M | Reduce -20.6% |
| JNK SS SPDR BB High Yield Bond | 0.65% | 487,374 | $46.4M | Reduce -6.7% |
| JEF Jefferies Financial Group Inc. | 0.60% | 798,000 | $42.7M | Add +87.8% |
| SPTI SS SPDR P Int Term TSY ETF | 0.59% | 1,471,330 | $42.1M | Reduce -15.1% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.56% | 910,000 | $40.0M | Add +355.0% |
| MRVL Marvell Technology Inc. | 0.55% | 635,406 | $39.1M | Add +34.6% |
| AMAT Applied Materials Inc. | 0.53% | 260,130 | $37.8M | Add +0.1% |
| AVGO Broadcom Inc. | 0.51% | 216,338 | $36.2M | Add +41.9% |
| EQIX Equinix Inc. | 0.50% | 43,500 | $35.5M | No change |
| ORA Ormat Technologies Inc. | 0.49% | 496,526 | $35.1M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.43% | 730,000 | $30.5M | No change |
| WIX Wix.com Ltd. | 0.43% | 185,534 | $30.3M | Add +53.9% |
| PANW Palo Alto Networks Inc. | 0.39% | 163,661 | $27.9M | Add +0.8% |
| XLV SS Health Care Select Sector | 0.39% | 189,275 | $27.6M | Reduce -49.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.38% | 48,928 | $27.3M | Reduce -12.5% |
| SPIB SS SPDR P Int C Corp. ETF | 0.38% | 820,706 | $27.3M | Reduce -4.2% |
| ENLT Enlight Renewable Energy Ltd. | 0.37% | 1,630,721 | $26.4M | No change |
| OKTA Okta Inc. | 0.35% | 234,005 | $24.6M | Add +912.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.34% | 343,389 | $24.2M | Add +9521.4% |
| ADBE Adobe Inc. | 0.34% | 62,790 | $24.1M | Add +5093.6% |
| DT Dynatrace Inc. | 0.33% | 505,743 | $23.8M | Add +0.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.33% | 190,317 | $23.2M | New |
| SMWB Similarweb Ltd. | 0.32% | 2,762,557 | $22.8M | Add +61.3% |
| V Visa Inc. Class A | 0.32% | 65,168 | $22.8M | Reduce -69.7% |
| GS Goldman Sachs Group Inc. | 0.31% | 40,933 | $22.4M | Reduce -0.8% |
| MS Morgan Stanley | 0.30% | 182,358 | $21.3M | Reduce -0.7% |
| MA Mastercard Inc. Class A | 0.30% | 38,512 | $21.1M | Reduce -70.2% |
| TSLA Tesla Inc. | 0.29% | 80,687 | $20.9M | Add +1094.5% |
| SSYS Stratasys Ltd. | 0.29% | 2,130,983 | $20.9M | Add +84.7% |
| PFE Pfizer Inc. | 0.29% | 801,589 | $20.3M | Add +0.2% |
| PLD Prologis Inc. | 0.28% | 175,500 | $19.6M | No change |
| MNDY Monday.com Ltd. | 0.27% | 80,009 | $19.5M | Add +73.9% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.27% | 350,000 | $19.2M | Add +3888788.9% |
| VRNS Varonis Systems Inc. | 0.26% | 464,647 | $18.8M | Add +1205.1% |
| QQQM Invesco Nasdaq 100 ETF | 0.26% | 96,160 | $18.6M | Add +1.8% |
| SEDG Solaredge Technologies Inc. | 0.25% | 1,109,225 | $17.9M | Add +10038.2% |
| FROG Jfrog Ltd. | 0.24% | 544,047 | $17.4M | Reduce -39.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.23% | 34,867 | $16.4M | Reduce -1.4% |
| S Sentinelone Inc. Class A | 0.23% | 884,223 | $16.1M | Add +40.5% |
| TBLA Taboola.com Ltd. | 0.22% | 5,349,179 | $15.8M | No change |
| MDB Mongodb Inc. | 0.22% | 87,500 | $15.3M | Add +101.2% |
| MU Micron Technology Inc. | 0.21% | 168,285 | $14.7M | Reduce -42.8% |
| GLBE Global-E Online Ltd. | 0.19% | 380,000 | $13.5M | Add +111.1% |
| VOO Vanguard S&P 500 ETF | 0.19% | 26,143 | $13.4M | Add +10.4% |
| MBLY Mobileye Global Inc. Class A | 0.18% | 891,779 | $12.8M | Add +433.7% |
| QLTA iShares Aaa - A Rated Corpor | 0.17% | 250,895 | $11.9M | Reduce -0.1% |
| DDOG Datadog Inc. Class A | 0.17% | 120,054 | $11.9M | Add +0.1% |
| SCHG Schwab US Large-Cap Growth | 0.16% | 457,885 | $11.5M | Reduce -0.6% |
| ODD Oddity Tech Ltd. Class A | 0.16% | 255,764 | $11.1M | Reduce -13.5% |
| BSJP Invesco Bulletshares 2025 HY | 0.15% | 477,794 | $11.0M | Reduce -15.2% |
| NYAX Nayax Ltd. | 0.14% | 300,000 | $10.2M | No change |
| ESTC Elastic NV | 0.14% | 109,005 | $9.7M | Reduce -58.1% |
| VRP Invesco Variable Rate Prefer | 0.14% | 400,000 | $9.7M | New |
| BIRK Birkenstock Holding PLC | 0.14% | 210,000 | $9.6M | New |
| PGX Invesco Preferred ETF | 0.13% | 850,000 | $9.5M | New |
| PERI Perion Network Ltd. | 0.13% | 1,095,973 | $8.9M | No change |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.12% | 197,500 | $8.7M | Reduce -45.9% |
| URGN Urogen Pharma Ltd. | 0.12% | 786,472 | $8.7M | Add +14.6% |
| CEVA Ceva Inc. | 0.12% | 330,854 | $8.5M | Reduce -7.0% |
| TLH iShares 10-20 Year Treasury | 0.12% | 81,467 | $8.5M | Add +35.0% |
| IYW iShares Ustechnology ETF | 0.09% | 44,401 | $6.2M | Reduce -5.8% |
| TIP iShares Tips Bond ETF | 0.07% | 44,921 | $5.0M | Add +4.4% |
| MINT PIMCO Enhanced Short Maturit | 0.07% | 47,700 | $4.8M | New |
| INVZ Innoviz Technologies Ltd. | 0.07% | 7,305,731 | $4.8M | Add +7.3% |
| FEZ State Street SPDR Euro Stoxx | 0.06% | 81,245 | $4.4M | Add +1126.7% |
| GILT Gilat Satellite Networks Ltd. | 0.06% | 671,210 | $4.3M | No change |
| LMBS First Trust Low Duration Opp | 0.06% | 81,709 | $4.0M | Reduce -0.9% |
Portfolio Sells Q4 2024 → Q1 2025
| KRE SS SPDR S&P Regional Bank | Reduce -99.6% | 0.01% | −1.58 |
| OBDE Blue Owl Capital Corp. III | Sold out | 0.00% | −1.40 |
| OIH Vaneck Oil Services ETF | Sold out | 0.00% | −1.25 |
| IGV iShares Expanded Tech-Softwa | Reduce -12.1% | 3.09% | −0.95 |
| SMH Vaneck Semiconductor ETF | Reduce -100.0% | 0.00% | −0.73 |
| NKE Nike Inc. Class B | Reduce -99.8% | 0.00% | −0.71 |
| GOOG Alphabet Inc. Class C | Reduce -0.4% | 2.74% | −0.68 |
| MA Mastercard Inc. Class A | Reduce -70.2% | 0.30% | −0.68 |
| TSEM Tower Semiconductor Ltd. | Reduce -0.7% | 1.39% | −0.68 |
| V Visa Inc. Class A | Reduce -69.7% | 0.32% | −0.65 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.63 |
| NVMI Nova Ltd. | Reduce -7.3% | 3.29% | −0.58 |
| XLI SS Industrial Select Sector | Reduce -6.0% | 5.61% | −0.52 |
| XLB SS Materials Select Sector | Reduce -29.3% | 0.99% | −0.41 |
| NVDA Nvidia Corp. | Reduce -20.6% | 0.65% | −0.39 |
| XLV SS Health Care Select Sector | Reduce -49.3% | 0.39% | −0.35 |
| ENPH Enphase Energy Inc. | Reduce -99.8% | 0.00% | −0.27 |
| ESTC Elastic NV | Reduce -58.1% | 0.14% | −0.23 |
| P Everpure Inc. Class A | Reduce -45.9% | 0.12% | −0.20 |
| ANF Abercrombie & Fitch Co. Class A | Sold out | 0.00% | −0.18 |
| MU Micron Technology Inc. | Reduce -42.8% | 0.21% | −0.15 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.14 |
| FROG Jfrog Ltd. | Reduce -39.1% | 0.24% | −0.13 |
| VGIT Vanguard Intermediate-Term T | Reduce -13.1% | 0.76% | −0.11 |
| CORP PIMCO Inv Grade Corp. BD ETF | Reduce -7.8% | 1.18% | −0.11 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -15.1% | 0.59% | −0.10 |
| EPI Wisdomtree India Earnings | Reduce -0.3% | 1.57% | −0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -12.5% | 0.38% | −0.09 |
| ZIM Zim Integrated Shipping Serv | Sold out | 0.00% | −0.08 |
| JNK SS SPDR BB High Yield Bond | Reduce -6.7% | 0.65% | −0.06 |
| FLIN Franklin Ftse India ETF | Reduce -1.7% | 0.91% | −0.06 |
| CEVA Ceva Inc. | Reduce -7.0% | 0.12% | −0.04 |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | Reduce -75.2% | 0.01% | −0.04 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -99.1% | 0.00% | −0.04 |
| MS Morgan Stanley | Reduce -0.7% | 0.30% | −0.03 |
| BSJP Invesco Bulletshares 2025 HY | Reduce -15.2% | 0.15% | −0.03 |
| XAR SS SPDR S&P Aerospace Def | Reduce -59.2% | 0.02% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.4% | 0.23% | −0.03 |
| GS Goldman Sachs Group Inc. | Reduce -0.8% | 0.31% | −0.02 |
| INCO Columbia India Consumer ETF | Reduce -64.8% | 0.01% | −0.02 |
| SCHG Schwab US Large-Cap Growth | Reduce -0.6% | 0.16% | −0.02 |
| ODD Oddity Tech Ltd. Class A | Reduce -13.5% | 0.16% | −0.02 |
| IYW iShares Ustechnology ETF | Reduce -5.8% | 0.09% | −0.02 |
| ARBE Arbe Robotics Ltd. | Reduce -14.3% | 0.02% | −0.02 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -4.2% | 0.38% | −0.02 |
| INFY Infosys Ltd.-SP ADR | Reduce -26.7% | 0.03% | −0.02 |
| NFTY First Trust India Nifty 50 E | Reduce -90.9% | 0.00% | −0.02 |
| IWM iShares Russell 2000 ETF | Reduce -68.7% | 0.01% | −0.02 |
| WIT Wipro Ltd.-ADR | Reduce -38.9% | 0.01% | −0.01 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Reduce -49.3% | 0.01% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| XLE SS Energy Select Sector | Add +18164.7% | 2.05% | +2.03 |
| KWEB Kranesh Csi China Internet | New | 1.77% | +1.77 |
| XLP SS Consumer Staples Sel Sect | Add +20234.8% | 1.66% | +1.65 |
| XLK SS Technology Select Sector | Add +65.2% | 4.66% | +1.42 |
| XBI SS SPDR S&P Biotech ETF | New | 1.20% | +1.20 |
| AAPL Apple Inc. | Add +65.1% | 3.04% | +0.92 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +44.4% | 2.69% | +0.86 |
| TSM Taiwan Semiconductor-SP ADR | Add +55.1% | 3.18% | +0.69 |
| XLF SS Financial Select Sector | Add +14.5% | 5.04% | +0.68 |
| TAN Invesco Solar ETF | Add +103.4% | 1.16% | +0.53 |
| KBWB Invesco KBW Bank ETF | Add +27.1% | 2.99% | +0.49 |
| MSFT Microsoft Corp. | Add +63.9% | 1.63% | +0.49 |
| ONON On Holding AG Class A | Add +355.0% | 0.56% | +0.40 |
| ORCL Oracle Corp. | Add +71.7% | 1.35% | +0.39 |
| LLY Eli Lilly & Co. | Add +49.3% | 1.05% | +0.38 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +9521.4% | 0.34% | +0.34 |
| ADBE Adobe Inc. | Add +5093.6% | 0.34% | +0.33 |
| TJX TJX Companies Inc. | New | 0.33% | +0.33 |
| OKTA Okta Inc. | Add +912.0% | 0.35% | +0.32 |
| XLY SS Consumer Disc Select Sect | Add +30.8% | 2.53% | +0.28 |
| TTD Trade Desk Inc./the Class A | Add +3888788.9% | 0.27% | +0.27 |
| TSLA Tesla Inc. | Add +1094.5% | 0.29% | +0.25 |
| SEDG Solaredge Technologies Inc. | Add +10038.2% | 0.25% | +0.25 |
| VRNS Varonis Systems Inc. | Add +1205.1% | 0.26% | +0.24 |
| SSYS Stratasys Ltd. | Add +84.7% | 0.29% | +0.15 |
| VRP Invesco Variable Rate Prefer | New | 0.14% | +0.14 |
| BIRK Birkenstock Holding PLC | New | 0.14% | +0.14 |
| PGX Invesco Preferred ETF | New | 0.13% | +0.13 |
| MBLY Mobileye Global Inc. Class A | Add +433.7% | 0.18% | +0.13 |
| JEF Jefferies Financial Group Inc. | Add +87.8% | 0.60% | +0.12 |
| MNDY Monday.com Ltd. | Add +73.9% | 0.27% | +0.12 |
| AMZN Amazon.com Inc. | Add +20.5% | 3.48% | +0.08 |
| XLC SS Comm Select Sector SPDR | Add +4.8% | 3.28% | +0.07 |
| MDB Mongodb Inc. | Add +101.2% | 0.22% | +0.07 |
| MINT PIMCO Enhanced Short Maturit | New | 0.07% | +0.07 |
| FEZ State Street SPDR Euro Stoxx | Add +1126.7% | 0.06% | +0.06 |
| WIX Wix.com Ltd. | Add +53.9% | 0.43% | +0.05 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.05% | +0.05 |
| GLBE Global-E Online Ltd. | Add +111.1% | 0.19% | +0.05 |
| ONEQ Fidelity Nasdaq Comp Indx | New | 0.05% | +0.05 |
| AISP Airship AI Holdings Inc. | New | 0.04% | +0.04 |
| TLH iShares 10-20 Year Treasury | Add +35.0% | 0.12% | +0.03 |
| SPNS Sapiens International Corp. | New | 0.03% | +0.03 |
| EEM iShares MSCI Emerging Market | Add +235.8% | 0.04% | +0.03 |
| S Sentinelone Inc. Class A | Add +40.5% | 0.23% | +0.03 |
| URGN Urogen Pharma Ltd. | Add +14.6% | 0.12% | +0.02 |
| IGM iShares Expanded Tech Sector | Add +53.8% | 0.04% | +0.01 |
| INTC Intel Corp. | Add +489.6% | 0.01% | +0.01 |
| LRCX Lam Research Corp. | Add +368.4% | 0.01% | +0.01 |
| TXN Texas Instruments Inc. | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 363 | $15.6B | TEVA, XLK, XLI, NVMI, GOOG |
| Q1 2026 | 360 | $11.5B | TEVA, NVMI, XLI, XLK, GOOG |
| Q4 2025 | 346 | $11.6B | TEVA, QQQM, XLK, XLI, NVMI |
| Q3 2025 | 324 | $9.3B | TEVA, XLI, XLK, NVMI, META |
| Q2 2025Amended | 357 | $8.4B | XLK, XLI, TEVA, KBWB, NVMI |
| Q1 2025 | 407 | $7.1B | TEVA, XLI, XLF, XLK, NICE |
| Q4 2024 | 388 | $7.0B | TEVA, XLI, XLF, IGV, NVMI |
| Q3 2024 | 446 | $6.2B | TEVA, IGV, XLU, NICE, XLI |
| Q2 2024 | 503 | $6.0B | TEVA, XLC, XLI, NVMI, IGV |
| Q1 2024 | 399 | $6.2B | VTWO, TEVA, NICE, IGV, XLI |