Migdal Insurance & Financial Holdings Ltd.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Migdal Insurance & Financial Holdings Ltd. reported 324 stock positions worth $9.3 billion. Its top holding was Teva Pharmaceutical-SP ADR (TEVA) at 7.1% of the portfolio, followed by SS Industrial Select Sector (XLI, 6.0%) and SS Technology Select Sector (XLK, 5.8%). Compared with Q2 2025, it opened 44 new positions, sold out of 77, added to 98 and reduced 99. The biggest buy was Meta Platforms Class A (META, shares +123%) and the biggest sale SS Technology Select Sector (XLK, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- Petach Tikva, L3
- CIK
- 0001415912
- Portfolio Value
- $9.3B (Q3 2025)
- SEC Filing
- 0001178913-25-003604 ↗ filed Oct 30, 2025
Holdings Value
Holdings 324 stocks · $9.3B
| TEVA Teva Pharmaceutical-SP ADR | 7.09% | 32,582,212 | $658.2M | Add +13.6% |
| XLI SS Industrial Select Sector | 5.99% | 3,605,556 | $556.1M | Reduce -0.1% |
| XLK SS Technology Select Sector | 5.82% | 1,917,526 | $540.5M | Reduce -26.4% |
| NVMI Nova Ltd. | 4.80% | 1,395,657 | $446.1M | Reduce -2.9% |
| META Meta Platforms Inc. Class A | 3.76% | 474,944 | $348.8M | Add +122.6% |
| TSM Taiwan Semiconductor-SP ADR | 3.67% | 1,215,900 | $340.6M | Add +0.5% |
| NVDA Nvidia Corp. | 3.54% | 1,763,667 | $329.1M | Add +82.0% |
| XLC SS Comm Select Sector SPDR | 3.39% | 2,661,473 | $315.0M | Add +2.7% |
| IGV iShares Expanded Tech-Softwa | 3.37% | 2,719,572 | $312.8M | No change |
| AMZN Amazon.com Inc. | 3.35% | 1,417,900 | $311.3M | No change |
| XLY SS Consumer Disc Select Sect | 3.11% | 1,206,409 | $289.1M | Add +3.9% |
| KBWB Invesco KBW Bank ETF | 3.11% | 3,693,000 | $288.8M | Reduce -34.0% |
| GOOG Alphabet Inc. Class C | 2.64% | 1,008,416 | $245.6M | Add +12.6% |
| NICE Nice Ltd. - Spon ADR | 2.54% | 1,631,690 | $236.2M | Reduce -10.9% |
| AAPL Apple Inc. | 2.51% | 914,700 | $232.9M | Reduce -6.7% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.36% | 1,965,000 | $219.0M | No change |
| TSEM Tower Semiconductor Ltd. | 2.32% | 2,977,806 | $215.3M | Add +7.2% |
| XLF SS Financial Select Sector | 2.12% | 3,647,049 | $196.5M | Add +16.6% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.67% | 1,774,700 | $154.8M | Reduce -29.0% |
| KWEB Kranesh Csi China Internet | 1.63% | 3,610,567 | $151.7M | Reduce -0.0% |
| LLY Eli Lilly & Co. | 1.48% | 180,040 | $137.4M | Add +9.3% |
| ORCL Oracle Corp. | 1.46% | 483,000 | $135.8M | Add +62.1% |
| AVGO Broadcom Inc. | 1.41% | 397,970 | $131.3M | Add +85.6% |
| CAMT Camtek Ltd. | 1.33% | 1,177,600 | $123.7M | Reduce -9.2% |
| MSFT Microsoft Corp. | 1.11% | 199,358 | $103.2M | Reduce -20.4% |
| XLV SS Health Care Select Sector | 1.00% | 669,000 | $93.1M | Reduce -4.6% |
| EPI Wisdomtree India Earnings | 1.00% | 2,094,319 | $92.6M | Reduce -16.8% |
| XLP SS Consumer Staples Sel Sect | 0.95% | 1,120,841 | $87.8M | Add +64951.7% |
| JPM JPMorgan Chase & Co. | 0.85% | 251,538 | $79.3M | Reduce -0.2% |
| CEG Constellation Energy | 0.85% | 239,000 | $78.6M | Add +154.3% |
| SMH Vaneck Semiconductor ETF | 0.82% | 233,715 | $76.3M | Reduce -48.4% |
| TSLA Tesla Inc. | 0.80% | 167,560 | $74.5M | Reduce -0.8% |
| XLB SS Materials Select Sector | 0.79% | 820,000 | $73.5M | No change |
| ABBV Abbvie Inc. | 0.64% | 256,599 | $59.4M | Add +96.5% |
| XLE SS Energy Select Sector | 0.64% | 662,491 | $59.2M | Reduce -0.5% |
| ITB iShares U.S. Home Constructi | 0.61% | 530,000 | $56.8M | New |
| AMAT Applied Materials Inc. | 0.57% | 260,000 | $53.2M | No change |
| JEF Jefferies Financial Group Inc. | 0.56% | 798,000 | $52.2M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.56% | 288,948 | $51.7M | Add +2991.0% |
| ENLT Enlight Renewable Energy Ltd. | 0.55% | 1,630,721 | $50.8M | No change |
| XLRE SS Real Estate Select Sector | 0.52% | 1,150,480 | $48.5M | Add +0.0% |
| FLIN Franklin Ftse India ETF | 0.46% | 1,145,000 | $42.7M | Reduce -35.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 730,000 | $37.7M | Reduce -0.0% |
| EQIX Equinix Inc. | 0.37% | 43,500 | $34.1M | No change |
| ORA Ormat Technologies Inc. | 0.36% | 346,526 | $33.4M | Reduce -30.2% |
| V Visa Inc. Class A | 0.36% | 96,712 | $33.0M | Add +1.1% |
| MA Mastercard Inc. Class A | 0.34% | 55,108 | $31.3M | Add +0.2% |
| CCJ Cameco Corp. | 0.33% | 370,000 | $31.0M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.33% | 45,420 | $30.2M | Reduce -1.6% |
| SPIB SS SPDR P Int C Corp. ETF | 0.32% | 881,666 | $29.8M | Add +2.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.32% | 75,000 | $29.4M | New |
| MS Morgan Stanley | 0.31% | 181,954 | $28.9M | Add +0.1% |
| SMWB Similarweb Ltd. | 0.31% | 3,106,157 | $28.9M | Add +3.3% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.31% | 680,646 | $28.8M | Add +34.7% |
| GILD Gilead Sciences Inc. | 0.31% | 259,000 | $28.7M | New |
| MBLY Mobileye Global Inc. Class A | 0.30% | 1,999,090 | $28.2M | Add +124.9% |
| GLBE Global-E Online Ltd. | 0.30% | 775,000 | $27.7M | Add +50.5% |
| PANW Palo Alto Networks Inc. | 0.29% | 133,225 | $27.1M | Reduce -35.0% |
| SSYS Stratasys Ltd. | 0.26% | 2,130,983 | $23.9M | No change |
| QQQM Invesco Nasdaq 100 ETF | 0.25% | 92,907 | $23.0M | Reduce -14.6% |
| ADBE Adobe Inc. | 0.24% | 62,601 | $22.1M | Reduce -0.3% |
| WIX Wix.com Ltd. | 0.21% | 110,534 | $19.6M | Reduce -15.3% |
| CLBT Cellebrite Di Ltd. | 0.21% | 1,050,000 | $19.5M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.21% | 32,047 | $19.2M | Reduce -6.4% |
| VRNS Varonis Systems Inc. | 0.20% | 322,223 | $18.5M | Reduce -39.0% |
| ODD Oddity Tech Ltd. Class A | 0.19% | 280,764 | $17.5M | Add +14.2% |
| CROX Crocs Inc. | 0.18% | 200,000 | $16.7M | New |
| ESLT Elbit Systems Ltd. | 0.18% | 32,100 | $16.4M | No change |
| IYW iShares Ustechnology ETF | 0.17% | 80,536 | $15.6M | Add +87.3% |
| URGN Urogen Pharma Ltd. | 0.17% | 770,909 | $15.4M | No change |
| MNDY Monday.com Ltd. | 0.16% | 79,009 | $15.3M | Add +17.9% |
| S Sentinelone Inc. Class A | 0.16% | 850,765 | $15.0M | Reduce -13.6% |
| INVZ Innoviz Technologies Ltd. | 0.16% | 7,305,731 | $14.9M | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.16% | 194,000 | $14.9M | New |
| TBLA Taboola.com Ltd. | 0.16% | 4,349,179 | $14.8M | Reduce -18.7% |
| PERI Perion Network Ltd. | 0.16% | 1,511,885 | $14.5M | No change |
| NYAX Nayax Ltd. | 0.15% | 300,000 | $14.3M | No change |
| GILT Gilat Satellite Networks Ltd. | 0.15% | 1,091,053 | $14.2M | Add +62.5% |
| CORP PIMCO Inv Grade Corp. BD ETF | 0.14% | 131,712 | $13.0M | Reduce -12.3% |
| FROG Jfrog Ltd. | 0.14% | 274,047 | $13.0M | Reduce -48.2% |
| JNK SS SPDR BB High Yield Bond | 0.14% | 132,098 | $12.9M | Reduce -9.3% |
| VOO Vanguard S&P 500 ETF | 0.13% | 20,409 | $12.5M | Add +216.0% |
| QLTA iShares Aaa - A Rated Corpor | 0.13% | 252,559 | $12.2M | Reduce -0.6% |
| BSJQ Invesco Bulletshares 2026 HY | 0.13% | 509,919 | $11.9M | Add +4.4% |
| XAR SS SPDR S&P Aerospace Def | 0.11% | 41,800 | $9.8M | Reduce -9.3% |
| TLH iShares 10-20 Year Treasury | 0.10% | 87,356 | $9.0M | Add +1.5% |
| TATT Tat Technologies Ltd. | 0.10% | 201,422 | $8.9M | New |
| CEVA Ceva Inc. | 0.08% | 275,595 | $7.3M | Reduce -16.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.07% | 34,147 | $6.3M | Add +211.0% |
| FEZ State Street SPDR Euro Stoxx | 0.07% | 97,524 | $6.1M | Add +2.9% |
| TIP iShares Tips Bond ETF | 0.06% | 49,926 | $5.5M | Add +6.1% |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | 0.06% | 89,546 | $5.4M | Add +13.3% |
| MINT PIMCO Enhanced Short Maturit | 0.05% | 50,617 | $5.1M | Add +3.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.05% | 66,260 | $4.7M | Add +8.1% |
| FFIV F5 Inc. | 0.05% | 14,354 | $4.6M | Add +105.1% |
| ONEQ Fidelity Nasdaq Comp Indx | 0.05% | 48,898 | $4.3M | Reduce -3.8% |
| QMMY FT NDQ100 Mod Buff ETF - May | 0.04% | 170,216 | $4.2M | Reduce -0.1% |
| SPTI SS SPDR P Int Term TSY ETF | 0.04% | 142,500 | $4.1M | Add +26.6% |
| LMBS First Trust Low Duration Opp | 0.04% | 80,963 | $4.0M | Add +0.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.04% | 48,600 | $3.9M | Add +27.7% |
Portfolio Sells Q2 2025 → Q3 2025
| XLK SS Technology Select Sector | Reduce -26.4% | 5.82% | −2.01 |
| KBWB Invesco KBW Bank ETF | Reduce -34.0% | 3.11% | −1.65 |
| NICE Nice Ltd. - Spon ADR | Reduce -10.9% | 2.54% | −1.13 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -29.0% | 1.67% | −0.76 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.74 |
| SMH Vaneck Semiconductor ETF | Reduce -48.4% | 0.82% | −0.68 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.63 |
| EPI Wisdomtree India Earnings | Reduce -16.8% | 1.00% | −0.42 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.39 |
| MRVL Marvell Technology Inc. | Reduce -97.5% | 0.01% | −0.39 |
| FLIN Franklin Ftse India ETF | Reduce -35.1% | 0.46% | −0.38 |
| MSFT Microsoft Corp. | Reduce -20.4% | 1.11% | −0.37 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.34 |
| GS Goldman Sachs Group Inc. | Reduce -99.2% | 0.00% | −0.34 |
| XLI SS Industrial Select Sector | Reduce -0.1% | 5.99% | −0.33 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.30 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.30 |
| SEDG Solaredge Technologies Inc. | Reduce -99.5% | 0.00% | −0.24 |
| OKTA Okta Inc. | Reduce -90.3% | 0.02% | −0.23 |
| PLD Prologis Inc. | Sold out | 0.00% | −0.22 |
| PANW Palo Alto Networks Inc. | Reduce -35.0% | 0.29% | −0.21 |
| NKE Nike Inc. Class B | Reduce -100.0% | 0.00% | −0.19 |
| FROG Jfrog Ltd. | Reduce -48.2% | 0.14% | −0.14 |
| ORA Ormat Technologies Inc. | Reduce -30.2% | 0.36% | −0.13 |
| XLV SS Health Care Select Sector | Reduce -4.6% | 1.00% | −0.12 |
| VRNS Varonis Systems Inc. | Reduce -39.0% | 0.20% | −0.12 |
| VRP Invesco Variable Rate Prefer | Sold out | 0.00% | −0.12 |
| PGX Invesco Preferred ETF | Sold out | 0.00% | −0.11 |
| TBLA Taboola.com Ltd. | Reduce -18.7% | 0.16% | −0.07 |
| SCHG Schwab US Large-Cap Growth | Reduce -77.2% | 0.02% | −0.06 |
| S Sentinelone Inc. Class A | Reduce -13.6% | 0.16% | −0.05 |
| ADBE Adobe Inc. | Reduce -0.3% | 0.24% | −0.05 |
| FDN First Trust DJ Internet Ind | Reduce -92.3% | 0.00% | −0.05 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -14.6% | 0.25% | −0.05 |
| WIX Wix.com Ltd. | Reduce -15.3% | 0.21% | −0.03 |
| CORP PIMCO Inv Grade Corp. BD ETF | Reduce -12.3% | 0.14% | −0.03 |
| XLE SS Energy Select Sector | Reduce -0.5% | 0.64% | −0.03 |
| JNK SS SPDR BB High Yield Bond | Reduce -9.3% | 0.14% | −0.03 |
| AISP Airship AI Holdings Inc. | Reduce -50.0% | 0.02% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -6.4% | 0.21% | −0.02 |
| FTNT Fortinet Inc. | Reduce -4.3% | 0.04% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -15.4% | 0.04% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.6% | 0.33% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 0.85% | −0.01 |
| QLTA iShares Aaa - A Rated Corpor | Reduce -0.6% | 0.13% | −0.01 |
| NET Cloudflare Inc. Class A | Reduce -23.1% | 0.04% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -11.2% | 0.04% | −0.01 |
| XAR SS SPDR S&P Aerospace Def | Reduce -9.3% | 0.11% | −0.01 |
| CEVA Ceva Inc. | Reduce -16.7% | 0.08% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| META Meta Platforms Inc. Class A | Add +122.6% | 3.76% | +1.89 |
| NVDA Nvidia Corp. | Add +82.0% | 3.54% | +1.73 |
| TEVA Teva Pharmaceutical-SP ADR | Add +13.6% | 7.09% | +1.38 |
| XLP SS Consumer Staples Sel Sect | Add +64951.7% | 0.95% | +0.94 |
| TSEM Tower Semiconductor Ltd. | Add +7.2% | 2.32% | +0.89 |
| GOOG Alphabet Inc. Class C | Add +12.6% | 2.64% | +0.76 |
| AVGO Broadcom Inc. | Add +85.6% | 1.41% | +0.71 |
| ORCL Oracle Corp. | Add +62.1% | 1.46% | +0.69 |
| ITB iShares U.S. Home Constructi | New | 0.61% | +0.61 |
| BABA Alibaba Group Holding-SP ADR | Add +2991.0% | 0.56% | +0.54 |
| CEG Constellation Energy | Add +154.3% | 0.85% | +0.49 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.5% | 3.67% | +0.40 |
| ABBV Abbvie Inc. | Add +96.5% | 0.64% | +0.35 |
| CCJ Cameco Corp. | New | 0.33% | +0.33 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.32% | +0.32 |
| GILD Gilead Sciences Inc. | New | 0.31% | +0.31 |
| CLBT Cellebrite Di Ltd. | New | 0.21% | +0.21 |
| CROX Crocs Inc. | New | 0.18% | +0.18 |
| XLF SS Financial Select Sector | Add +16.6% | 2.12% | +0.17 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.16% | +0.16 |
| XLY SS Consumer Disc Select Sect | Add +3.9% | 3.11% | +0.12 |
| MBLY Mobileye Global Inc. Class A | Add +124.9% | 0.30% | +0.11 |
| GILT Gilat Satellite Networks Ltd. | Add +62.5% | 0.15% | +0.10 |
| TATT Tat Technologies Ltd. | New | 0.10% | +0.10 |
| GLBE Global-E Online Ltd. | Add +50.5% | 0.30% | +0.09 |
| VOO Vanguard S&P 500 ETF | Add +216.0% | 0.13% | +0.09 |
| IYW iShares Ustechnology ETF | Add +87.3% | 0.17% | +0.08 |
| XLC SS Comm Select Sector SPDR | Add +2.7% | 3.39% | +0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +211.0% | 0.07% | +0.05 |
| SMWB Similarweb Ltd. | Add +3.3% | 0.31% | +0.03 |
| ZS Zscaler Inc. | New | 0.03% | +0.03 |
| FFIV F5 Inc. | Add +105.1% | 0.05% | +0.03 |
| IBHF iShares Ibond 2026 HY & Inc. | New | 0.02% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | Add +69.7% | 0.04% | +0.02 |
| VEA Vanguard Ftse Developed ETF | New | 0.02% | +0.02 |
| MU Micron Technology Inc. | Add +67.8% | 0.02% | +0.01 |
| WFC Wells Fargo & Co. | Add +1618.4% | 0.01% | +0.01 |
| TXN Texas Instruments Inc. | Add +339.3% | 0.01% | +0.01 |
| SPMO Invesco S&P 500 Momentum ETF | New | 0.01% | +0.01 |
| QCOM Qualcomm Inc. | Add +101.3% | 0.02% | +0.01 |
| MS Morgan Stanley | Add +0.1% | 0.31% | +0.01 |
| CRM Salesforce Inc. | Add +148.1% | 0.01% | +0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +27.7% | 0.04% | +0.01 |
| WIT Wipro Ltd.-ADR | New | 0.01% | +0.01 |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | Add +13.3% | 0.06% | +0.01 |
| SPTI SS SPDR P Int Term TSY ETF | Add +26.6% | 0.04% | +0.01 |
| BRRR Coinshares Bitcoin ETF | New | 0.01% | +0.01 |
| NEE Nextera Energy Inc. | Add +494.0% | 0.01% | +0.00 |
| RTX RTX Corp. | Add +1852.8% | 0.00% | +0.00 |
| VONG Vanguard Russell 1000 Growth | New | 0.00% | +0.00 |
Notes & Other Activity Q2 2025 → Q3 2025
| SN Sharkninja Inc. | COM SHS | New | 0 | $0 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |