Migdal Insurance & Financial Holdings Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed September 15, 2025), Migdal Insurance & Financial Holdings Ltd. reported 357 stock positions worth $8.4 billion. Its top holding was SS Technology Select Sector (XLK) at 7.8% of the portfolio, followed by SS Industrial Select Sector (XLI, 6.3%) and Teva Pharmaceutical-SP ADR (TEVA, 5.7%). Compared with Q1 2025, it opened 55 new positions, sold out of 105, added to 91 and reduced 120. The biggest buy was SS Technology Select Sector (XLK, shares +62%) and the biggest sale SS Financial Select Sector (XLF, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- Petach Tikva, L3
- CIK
- 0001415912
- Portfolio Value
- $8.4B (Q2 2025)
- SEC Filing
- 0001178913-25-003311 ↗ filed Sep 15, 2025
Holdings Value
Holdings 357 stocks · $8.4B
| XLK SS Technology Select Sector | 7.83% | 2,603,396 | $659.3M | Add +61.9% |
| XLI SS Industrial Select Sector | 6.32% | 3,609,306 | $532.4M | Add +18.4% |
| TEVA Teva Pharmaceutical-SP ADR | 5.71% | 28,685,422 | $480.8M | Add +8.9% |
| KBWB Invesco KBW Bank ETF | 4.76% | 5,595,000 | $400.7M | Add +64.8% |
| NVMI Nova Ltd. | 4.70% | 1,437,657 | $395.6M | Add +13.1% |
| AMZN Amazon.com Inc. | 3.69% | 1,417,900 | $311.1M | Add +9.0% |
| NICE Nice Ltd. - Spon ADR | 3.67% | 1,831,690 | $309.4M | Add +3.7% |
| IGV iShares Expanded Tech-Softwa | 3.54% | 2,719,572 | $297.8M | Add +9.9% |
| XLC SS Comm Select Sector SPDR | 3.34% | 2,591,768 | $281.3M | Add +7.0% |
| TSM Taiwan Semiconductor-SP ADR | 3.26% | 1,209,557 | $274.9M | Reduce -10.9% |
| XLY SS Consumer Disc Select Sect | 2.99% | 1,160,634 | $252.2M | Add +27.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.56% | 1,965,000 | $215.4M | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 2.42% | 2,499,231 | $204.1M | Add +2.8% |
| AAPL Apple Inc. | 2.39% | 980,700 | $201.2M | Add +0.7% |
| XLF SS Financial Select Sector | 1.94% | 3,127,778 | $163.8M | Reduce -56.6% |
| GOOG Alphabet Inc. Class C | 1.89% | 895,855 | $158.9M | Reduce -28.2% |
| META Meta Platforms Inc. Class A | 1.87% | 213,387 | $157.5M | Add +6672.0% |
| NVDA Nvidia Corp. | 1.82% | 969,279 | $153.1M | Add +126.2% |
| LLY Eli Lilly & Co. | 1.52% | 164,725 | $128.4M | Add +81.8% |
| SMH Vaneck Semiconductor ETF | 1.50% | 453,000 | $126.3M | Add +3235614.3% |
| MSFT Microsoft Corp. | 1.48% | 250,522 | $124.6M | Reduce -18.8% |
| KWEB Kranesh Csi China Internet | 1.47% | 3,611,134 | $124.0M | No change |
| TSEM Tower Semiconductor Ltd. | 1.43% | 2,777,806 | $120.4M | No change |
| EPI Wisdomtree India Earnings | 1.42% | 2,515,670 | $119.4M | Reduce -1.8% |
| CAMT Camtek Ltd. | 1.30% | 1,296,600 | $109.6M | Reduce -10.5% |
| XLV SS Health Care Select Sector | 1.12% | 701,569 | $94.6M | Add +270.7% |
| JPM JPMorgan Chase & Co. | 0.87% | 251,992 | $73.0M | Reduce -0.1% |
| XLB SS Materials Select Sector | 0.85% | 820,000 | $72.0M | No change |
| FLIN Franklin Ftse India ETF | 0.83% | 1,765,490 | $70.3M | No change |
| ORCL Oracle Corp. | 0.77% | 298,004 | $65.2M | Reduce -56.6% |
| XBI SS SPDR S&P Biotech ETF | 0.74% | 750,000 | $62.2M | Reduce -28.6% |
| AVGO Broadcom Inc. | 0.70% | 214,440 | $59.1M | Reduce -0.9% |
| XLE SS Energy Select Sector | 0.67% | 665,958 | $56.5M | Reduce -57.3% |
| TSLA Tesla Inc. | 0.64% | 168,980 | $53.7M | Add +109.4% |
| FISV Fiserv Inc. | 0.63% | 310,000 | $53.4M | Add +619900.0% |
| XLRE SS Real Estate Select Sector | 0.57% | 1,150,103 | $47.6M | Reduce 0.0% |
| AMAT Applied Materials Inc. | 0.56% | 260,000 | $47.6M | Reduce -0.1% |
| JEF Jefferies Financial Group Inc. | 0.52% | 798,000 | $43.6M | No change |
| PANW Palo Alto Networks Inc. | 0.50% | 205,053 | $42.0M | Add +25.3% |
| ORA Ormat Technologies Inc. | 0.49% | 496,526 | $41.6M | No change |
| ENLT Enlight Renewable Energy Ltd. | 0.44% | 1,630,721 | $37.1M | No change |
| EQIX Equinix Inc. | 0.41% | 43,500 | $34.6M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 730,308 | $34.6M | Add +0.0% |
| V Visa Inc. Class A | 0.40% | 95,655 | $34.0M | Add +46.8% |
| MRVL Marvell Technology Inc. | 0.40% | 432,855 | $33.5M | Reduce -31.9% |
| SBUX Starbucks Corp. | 0.39% | 360,000 | $33.0M | New |
| MA Mastercard Inc. Class A | 0.37% | 55,012 | $30.9M | Add +42.8% |
| CEG Constellation Energy | 0.36% | 94,000 | $30.3M | New |
| SPIB SS SPDR P Int C Corp. ETF | 0.34% | 863,815 | $29.0M | Add +5.3% |
| GS Goldman Sachs Group Inc. | 0.34% | 40,767 | $28.9M | Reduce -0.4% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.34% | 400,000 | $28.8M | Add +14.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.34% | 46,178 | $28.5M | Reduce -5.6% |
| VRNS Varonis Systems Inc. | 0.32% | 528,189 | $26.8M | Add +13.7% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.31% | 505,391 | $26.3M | Reduce -44.5% |
| MS Morgan Stanley | 0.30% | 181,692 | $25.6M | Reduce -0.4% |
| LEN Lennar Corp. Class A | 0.30% | 230,000 | $25.4M | New |
| DHI D.R. Horton Inc. | 0.30% | 195,000 | $25.1M | New |
| QQQM Invesco Nasdaq 100 ETF | 0.29% | 108,808 | $24.7M | Add +13.2% |
| SSYS Stratasys Ltd. | 0.29% | 2,130,983 | $24.4M | No change |
| ADBE Adobe Inc. | 0.29% | 62,795 | $24.3M | Add +0.0% |
| ABBV Abbvie Inc. | 0.29% | 130,575 | $24.2M | Add +24444.2% |
| SMWB Similarweb Ltd. | 0.28% | 3,006,157 | $23.6M | Add +8.8% |
| FROG Jfrog Ltd. | 0.28% | 529,047 | $23.2M | Reduce -2.8% |
| OKTA Okta Inc. | 0.25% | 212,004 | $21.2M | Reduce -9.4% |
| MNDY Monday.com Ltd. | 0.25% | 67,009 | $21.1M | Reduce -16.3% |
| SEDG Solaredge Technologies Inc. | 0.25% | 1,018,345 | $20.8M | Reduce -8.2% |
| WIX Wix.com Ltd. | 0.25% | 130,534 | $20.7M | Reduce -29.6% |
| TBLA Taboola.com Ltd. | 0.23% | 5,349,179 | $19.6M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.22% | 34,236 | $18.9M | Reduce -1.8% |
| ODD Oddity Tech Ltd. Class A | 0.22% | 245,764 | $18.5M | Reduce -3.9% |
| PLD Prologis Inc. | 0.22% | 175,500 | $18.4M | No change |
| S Sentinelone Inc. Class A | 0.21% | 985,092 | $18.0M | Add +11.4% |
| GLBE Global-E Online Ltd. | 0.20% | 515,000 | $17.3M | Add +35.5% |
| NKE Nike Inc. Class B | 0.19% | 225,014 | $16.2M | Add +22134.6% |
| MBLY Mobileye Global Inc. Class A | 0.19% | 888,967 | $16.0M | Reduce -0.3% |
| PERI Perion Network Ltd. | 0.18% | 1,511,885 | $15.3M | Add +38.0% |
| NYAX Nayax Ltd. | 0.18% | 300,000 | $15.1M | No change |
| CORP PIMCO Inv Grade Corp. BD ETF | 0.17% | 150,206 | $14.6M | Reduce -82.8% |
| ESLT Elbit Systems Ltd. | 0.17% | 32,100 | $14.4M | Add +352.1% |
| JNK SS SPDR BB High Yield Bond | 0.17% | 145,568 | $14.2M | Reduce -70.1% |
| QLTA iShares Aaa - A Rated Corpor | 0.14% | 254,045 | $12.2M | Add +1.3% |
| INVZ Innoviz Technologies Ltd. | 0.14% | 7,305,731 | $12.0M | No change |
| BSJQ Invesco Bulletshares 2026 HY | 0.14% | 488,549 | $11.4M | Add +2185.7% |
| URGN Urogen Pharma Ltd. | 0.13% | 770,909 | $10.6M | Reduce -2.0% |
| VRP Invesco Variable Rate Prefer | 0.12% | 400,000 | $9.8M | No change |
| XAR SS SPDR S&P Aerospace Def | 0.12% | 46,059 | $9.7M | Add +433.6% |
| PGX Invesco Preferred ETF | 0.11% | 850,000 | $9.5M | No change |
| TLH iShares 10-20 Year Treasury | 0.10% | 86,091 | $8.7M | Add +5.7% |
| IYW iShares Ustechnology ETF | 0.09% | 42,991 | $7.4M | Reduce -3.2% |
| CEVA Ceva Inc. | 0.09% | 330,933 | $7.3M | Add +0.0% |
| SCHG Schwab US Large-Cap Growth | 0.07% | 205,160 | $6.0M | Reduce -55.2% |
| FEZ State Street SPDR Euro Stoxx | 0.07% | 94,752 | $5.7M | Add +16.6% |
| TIP iShares Tips Bond ETF | 0.06% | 47,036 | $5.2M | Add +4.7% |
| MINT PIMCO Enhanced Short Maturit | 0.06% | 49,032 | $4.9M | Add +2.8% |
| GILT Gilat Satellite Networks Ltd. | 0.06% | 671,210 | $4.8M | No change |
| FDN First Trust DJ Internet Ind | 0.05% | 16,887 | $4.5M | New |
| FTNT Fortinet Inc. | 0.05% | 41,852 | $4.4M | Add +3.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.05% | 8,625 | $4.4M | Reduce -8.5% |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | 0.05% | 79,035 | $4.4M | Add +353.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.05% | 61,274 | $4.1M | Reduce -2.5% |
Portfolio Sells Q1 2025 → Q2 2025
| XLF SS Financial Select Sector | Reduce -56.6% | 1.94% | −3.09 |
| XLP SS Consumer Staples Sel Sect | Reduce -99.9% | 0.00% | −1.66 |
| XLE SS Energy Select Sector | Reduce -57.3% | 0.67% | −1.37 |
| TAN Invesco Solar ETF | Sold out | 0.00% | −1.16 |
| CORP PIMCO Inv Grade Corp. BD ETF | Reduce -82.8% | 0.17% | −1.01 |
| GOOG Alphabet Inc. Class C | Reduce -28.2% | 1.89% | −0.85 |
| VGIT Vanguard Intermediate-Term T | Reduce -99.9% | 0.00% | −0.76 |
| ORCL Oracle Corp. | Reduce -56.6% | 0.77% | −0.58 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -92.3% | 0.04% | −0.55 |
| JNK SS SPDR BB High Yield Bond | Reduce -70.1% | 0.17% | −0.48 |
| XBI SS SPDR S&P Biotech ETF | Reduce -28.6% | 0.74% | −0.46 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -99.2% | 0.00% | −0.34 |
| DT Dynatrace Inc. | Sold out | 0.00% | −0.33 |
| TJX TJX Companies Inc. | Reduce -97.7% | 0.01% | −0.32 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.29 |
| ONON On Holding AG Class A | Reduce -44.5% | 0.31% | −0.25 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.22 |
| MU Micron Technology Inc. | Reduce -96.1% | 0.01% | −0.20 |
| WIX Wix.com Ltd. | Reduce -29.6% | 0.25% | −0.18 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.17 |
| EPI Wisdomtree India Earnings | Reduce -1.8% | 1.42% | −0.15 |
| BSJP Invesco Bulletshares 2025 HY | Reduce -99.2% | 0.00% | −0.15 |
| MRVL Marvell Technology Inc. | Reduce -31.9% | 0.40% | −0.15 |
| MSFT Microsoft Corp. | Reduce -18.8% | 1.48% | −0.15 |
| VOO Vanguard S&P 500 ETF | Reduce -75.3% | 0.04% | −0.15 |
| ESTC Elastic NV | Sold out | 0.00% | −0.14 |
| BIRK Birkenstock Holding PLC | Sold out | 0.00% | −0.14 |
| P Everpure Inc. Class A | Sold out | 0.00% | −0.12 |
| XLRE SS Real Estate Select Sector | Reduce 0.0% | 0.57% | −0.11 |
| OKTA Okta Inc. | Reduce -9.4% | 0.25% | −0.09 |
| SCHG Schwab US Large-Cap Growth | Reduce -55.2% | 0.07% | −0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.6% | 0.34% | −0.05 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.03 |
| MNDY Monday.com Ltd. | Reduce -16.3% | 0.25% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.02 |
| WIT Wipro Ltd.-ADR | Sold out | 0.00% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -95.1% | 0.00% | −0.01 |
| LMBS First Trust Low Duration Opp | Reduce -1.4% | 0.05% | −0.01 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -43.7% | 0.01% | −0.01 |
| INTC Intel Corp. | Reduce -86.7% | 0.00% | −0.01 |
| INFY Infosys Ltd.-SP ADR | Reduce -15.1% | 0.02% | −0.01 |
| LRCX Lam Research Corp. | Reduce -68.4% | 0.00% | −0.01 |
| KLAC KLA Corp. | Reduce -71.9% | 0.00% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -32.1% | 0.01% | −0.01 |
| SDVY First Trust Smid Cap Rising | Sold out | 0.00% | −0.01 |
| VONG Vanguard Russell 1000 Growth | Sold out | 0.00% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -48.3% | 0.00% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.8% | 0.22% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -9.5% | 0.00% | −0.01 |
| SEDG Solaredge Technologies Inc. | Reduce -8.2% | 0.25% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| XLK SS Technology Select Sector | Add +61.9% | 7.83% | +3.16 |
| META Meta Platforms Inc. Class A | Add +6672.0% | 1.87% | +1.84 |
| KBWB Invesco KBW Bank ETF | Add +64.8% | 4.76% | +1.76 |
| SMH Vaneck Semiconductor ETF | Add +3235614.3% | 1.50% | +1.50 |
| NVMI Nova Ltd. | Add +13.1% | 4.70% | +1.41 |
| NVDA Nvidia Corp. | Add +126.2% | 1.82% | +1.17 |
| XLV SS Health Care Select Sector | Add +270.7% | 1.12% | +0.73 |
| XLI SS Industrial Select Sector | Add +18.4% | 6.32% | +0.71 |
| FISV Fiserv Inc. | Add +619900.0% | 0.63% | +0.63 |
| LLY Eli Lilly & Co. | Add +81.8% | 1.52% | +0.47 |
| XLY SS Consumer Disc Select Sect | Add +27.1% | 2.99% | +0.46 |
| IGV iShares Expanded Tech-Softwa | Add +9.9% | 3.54% | +0.44 |
| SBUX Starbucks Corp. | New | 0.39% | +0.39 |
| CEG Constellation Energy | New | 0.36% | +0.36 |
| TSLA Tesla Inc. | Add +109.4% | 0.64% | +0.34 |
| LEN Lennar Corp. Class A | New | 0.30% | +0.30 |
| DHI D.R. Horton Inc. | New | 0.30% | +0.30 |
| ABBV Abbvie Inc. | Add +24444.2% | 0.29% | +0.29 |
| AMZN Amazon.com Inc. | Add +9.0% | 3.69% | +0.22 |
| NKE Nike Inc. Class B | Add +22134.6% | 0.19% | +0.19 |
| ESLT Elbit Systems Ltd. | Add +352.1% | 0.17% | +0.13 |
| BSJQ Invesco Bulletshares 2026 HY | Add +2185.7% | 0.14% | +0.13 |
| PANW Palo Alto Networks Inc. | Add +25.3% | 0.50% | +0.11 |
| XAR SS SPDR S&P Aerospace Def | Add +433.6% | 0.12% | +0.10 |
| V Visa Inc. Class A | Add +46.8% | 0.40% | +0.08 |
| TTD Trade Desk Inc./the Class A | Add +14.3% | 0.34% | +0.07 |
| MA Mastercard Inc. Class A | Add +42.8% | 0.37% | +0.07 |
| XLC SS Comm Select Sector SPDR | Add +7.0% | 3.34% | +0.06 |
| PERI Perion Network Ltd. | Add +38.0% | 0.18% | +0.06 |
| VRNS Varonis Systems Inc. | Add +13.7% | 0.32% | +0.05 |
| FDN First Trust DJ Internet Ind | New | 0.05% | +0.05 |
| QMMY FT NDQ100 Mod Buff ETF - May | New | 0.05% | +0.05 |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | Add +353.9% | 0.05% | +0.04 |
| QQQM Invesco Nasdaq 100 ETF | Add +13.2% | 0.29% | +0.03 |
| TEVA Teva Pharmaceutical-SP ADR | Add +8.9% | 5.71% | +0.02 |
| GLBE Global-E Online Ltd. | Add +35.5% | 0.20% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.01% | +0.01 |
| TLT iShares 20+ Year Treasury BD | New | 0.01% | +0.01 |
| FEZ State Street SPDR Euro Stoxx | Add +16.6% | 0.07% | +0.01 |
| GBIL Goldman Sachs Access Treasur | Add +11142.9% | 0.00% | +0.00 |
| TDIV FT Nasdaq Tech DVD Index FD | Add +21.1% | 0.02% | +0.00 |
| ASML ASML Holding NV-NY Reg SHS | Add +19.9% | 0.02% | +0.00 |
| PLTR Palantir Technologies Inc. Class A | Add +274.0% | 0.00% | +0.00 |
| ONEQ Fidelity Nasdaq Comp Indx | Add +6.2% | 0.05% | +0.00 |
| IGM iShares Expanded Tech Sector | Add +0.7% | 0.05% | +0.00 |
| GOOGL Alphabet Inc. Class A | Add +9.8% | 0.03% | +0.00 |
| QUAL iShares MSCI USA Quality Fac | Add +37.6% | 0.01% | +0.00 |
| BITB Bitwise Bitcoin ETF | Add +42.5% | 0.00% | +0.00 |
| BTC Grayscale Bitcoin Mini ETF | Add +42.5% | 0.00% | +0.00 |
| IBIT iShares Bitcoin Trust ETF | Add +42.6% | 0.00% | +0.00 |
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 |