Phoenix Financial Ltd.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Phoenix Financial Ltd. reported 459 stock positions worth $9.2 billion. Its top holding was Teva Pharmaceutical-SP ADR (TEVA) at 13.9% of the portfolio, followed by SS Industrial Select Sector (XLI, 6.6%) and Tower Semiconductor (TSEM, 4.9%). Compared with Q3 2025, it opened 46 new positions, sold out of 41, added to 185 and reduced 176. The biggest buy was SS Industrial Select Sector (XLI, shares +160%) and the biggest sale iShares MSCI Acwi ETF (ACWI, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- Givatayim, L3
- CIK
- 0001679543
- Portfolio Value
- $9.2B (Q4 2025)
- SEC Filing
- 0001178913-26-000305 ↗ filed Feb 5, 2026
Holdings Value
Holdings 459 stocks · $9.2B
| TEVA Teva Pharmaceutical-SP ADR | 13.90% | 41,087,131 | $1.3B | Reduce -0.5% |
| XLI SS Industrial Select Sector | 6.64% | 3,950,353 | $612.8M | Add +159.8% |
| TSEM Tower Semiconductor Ltd. | 4.87% | 3,829,537 | $449.7M | Reduce -1.0% |
| AMZN Amazon.com Inc. | 3.63% | 1,469,073 | $334.8M | Add +20.9% |
| MSFT Microsoft Corp. | 3.43% | 677,270 | $316.5M | Reduce -3.3% |
| NVDA Nvidia Corp. | 3.38% | 1,739,872 | $311.6M | Add +3.8% |
| RSP Invesco S&P 500 Equal Weight | 3.37% | 1,625,542 | $311.4M | Reduce -8.1% |
| GOOG Alphabet Inc. Class C | 2.99% | 878,093 | $275.6M | Reduce -1.6% |
| AAPL Apple Inc. | 2.45% | 850,228 | $225.9M | Reduce -0.1% |
| VONV Vanguard Russell 1000 Value | 2.36% | 2,362,300 | $218.0M | Reduce -18.6% |
| IXJ iShares Global Healthcare Et | 2.24% | 2,124,780 | $207.0M | Add +77.2% |
| ACWI iShares MSCI Acwi ETF | 2.15% | 1,401,338 | $198.3M | Reduce -56.9% |
| XLK SS Technology Select Sector | 1.99% | 1,277,743 | $184.0M | No change |
| XLV SS Health Care Select Sector | 1.98% | 1,181,339 | $182.9M | Add +22.3% |
| NVMI Nova Ltd. | 1.81% | 508,641 | $167.1M | Add +286.3% |
| IYF iShares US Financials ETF | 1.67% | 1,196,572 | $154.3M | No change |
| EXE Expand Energy Corp. | 1.62% | 1,356,470 | $149.7M | Reduce -15.1% |
| IGV iShares Expanded Tech-Softwa | 1.51% | 1,321,000 | $139.6M | Add +0.0% |
| ALB Albemarle Corp. | 1.41% | 919,426 | $130.4M | New |
| TSM Taiwan Semiconductor-SP ADR | 1.41% | 442,898 | $130.0M | Add +1.9% |
| JHX James Hardie Ind PLC | 1.24% | 5,517,639 | $114.5M | Add +0.1% |
| TT Trane Technologies PLC | 1.23% | 291,665 | $113.5M | Add +1958.5% |
| INDA iShares MSCI India ETF | 1.12% | 1,916,772 | $103.6M | Add +91.2% |
| EWZ iShares MSCI Brazil ETF | 1.11% | 3,237,000 | $102.8M | No change |
| ICL Icl Group Ltd. | 1.06% | 17,048,563 | $97.3M | Reduce -5.1% |
| WFC Wells Fargo & Co. | 1.05% | 1,035,412 | $96.5M | Reduce -0.8% |
| URA Global X Uranium ETF | 0.98% | 2,043,004 | $90.5M | New |
| GOOGL Alphabet Inc. Class A | 0.96% | 273,674 | $88.1M | Reduce -2.5% |
| AVGO Broadcom Inc. | 0.89% | 253,370 | $82.0M | Add +49.4% |
| XLC SS Comm Select Sector SPDR | 0.87% | 685,352 | $80.2M | Add +0.6% |
| MCHI iShares MSCI China ETF | 0.86% | 1,322,800 | $79.5M | Add +164.6% |
| AZN Astrazeneca PLC-Spons ADR | 0.80% | 804,400 | $73.9M | Reduce -0.0% |
| XLF SS Financial Select Sector | 0.78% | 1,319,142 | $72.2M | Reduce -11.4% |
| WIX Wix.com Ltd. | 0.74% | 656,438 | $68.2M | Add +7119.2% |
| GILT Gilat Satellite Networks Ltd. | 0.74% | 5,250,222 | $67.9M | Reduce -14.4% |
| ENLT Enlight Renewable Energy Ltd. | 0.68% | 1,386,786 | $63.0M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.68% | 91,196 | $62.3M | Reduce -0.9% |
| META Meta Platforms Inc. Class A | 0.67% | 103,912 | $62.0M | Add +10.5% |
| AMAT Applied Materials Inc. | 0.51% | 183,873 | $47.3M | Add +201.4% |
| PANW Palo Alto Networks Inc. | 0.51% | 254,665 | $46.9M | Reduce -44.8% |
| CLBT Cellebrite Di Ltd. | 0.49% | 2,510,774 | $45.3M | Add +0.1% |
| XLRE SS Real Estate Select Sector | 0.47% | 1,063,404 | $42.9M | Reduce -77.4% |
| ORA Ormat Technologies Inc. | 0.43% | 358,481 | $39.6M | Add +264.0% |
| XLP SS Consumer Staples Sel Sect | 0.42% | 495,987 | $38.5M | Reduce -66.4% |
| SBIO Alps Medical Breakthroughs | 0.41% | 1,465,173 | $38.3M | No change |
| BTU Peabody Energy Corp. | 0.41% | 1,283,673 | $38.1M | New |
| ORCL Oracle Corp. | 0.41% | 194,461 | $37.9M | Reduce -10.3% |
| EXI iShares Global Industrials E | 0.41% | 215,300 | $37.8M | No change |
| ARKO Arko Corp. | 0.36% | 7,309,430 | $33.2M | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.36% | 767,612 | $32.8M | Add +12.1% |
| SMWB Similarweb Ltd. | 0.35% | 4,285,786 | $32.1M | Add +43.2% |
| SSYS Stratasys Ltd. | 0.34% | 3,630,006 | $31.5M | Add +0.2% |
| CHKP Check Point Software Tech | 0.33% | 162,762 | $30.2M | New |
| TSLA Tesla Inc. | 0.32% | 64,716 | $29.1M | Add +1.6% |
| XLE SS Energy Select Sector | 0.32% | 649,982 | $29.1M | Reduce -0.1% |
| MA Mastercard Inc. Class A | 0.31% | 49,973 | $28.5M | Add +0.8% |
| VRNS Varonis Systems Inc. | 0.30% | 853,336 | $28.0M | Reduce -39.1% |
| RSKD Riskified Ltd. Class A | 0.27% | 5,082,513 | $25.3M | No change |
| LLY Eli Lilly & Co. | 0.27% | 32,057 | $24.7M | Reduce -3.9% |
| JPM JPMorgan Chase & Co. | 0.23% | 76,593 | $21.2M | Add +16.6% |
| V Visa Inc. Class A | 0.23% | 66,902 | $21.1M | Add +2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 38,005 | $18.4M | Reduce -5.2% |
| UNH Unitedhealth Group Inc. | 0.17% | 46,959 | $15.3M | Add +13.4% |
| PAYO Payoneer Global Inc. | 0.16% | 2,703,780 | $15.2M | No change |
| PERI Perion Network Ltd. | 0.16% | 1,580,804 | $15.1M | Reduce -19.4% |
| WMT Walmart Inc. | 0.16% | 134,572 | $15.0M | Reduce -22.6% |
| FLY Firefly Aerospace Inc. | 0.16% | 660,060 | $14.8M | Add +33.8% |
| UBER Uber Technologies Inc. | 0.15% | 174,288 | $14.2M | Add +8.9% |
| XOM Exxon Mobil Corp. | 0.14% | 109,209 | $13.0M | Reduce -1.5% |
| SMH Vaneck Semiconductor ETF | 0.14% | 35,814 | $12.9M | Add +0.3% |
| MGIC Magic Software Enterprises | 0.14% | 488,350 | $12.6M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.14% | 226,814 | $12.6M | Reduce -16.5% |
| COST Costco Wholesale Corp. | 0.14% | 14,453 | $12.5M | Reduce -6.1% |
| NFLX Netflix Inc. | 0.13% | 128,791 | $12.1M | Reduce -9.8% |
| GLD SPDR Gold Shares | 0.13% | 30,280 | $12.0M | Add +9.7% |
| AMD Advanced Micro Devices | 0.13% | 60,003 | $11.7M | Add +0.3% |
| KMDA Kamada Ltd. | 0.13% | 1,654,952 | $11.7M | No change |
| MBLY Mobileye Global Inc. Class A | 0.13% | 1,110,443 | $11.6M | Add +124.7% |
| TATT Tat Technologies Ltd. | 0.12% | 248,906 | $11.1M | Reduce -32.1% |
| JNJ Johnson & Johnson | 0.12% | 55,211 | $11.1M | Add +67.0% |
| SPIB SS SPDR P Int C Corp. ETF | 0.11% | 309,201 | $10.4M | Reduce -4.8% |
| CSCO Cisco Systems Inc. | 0.11% | 132,672 | $10.2M | Add +7.1% |
| GOVT iShares US Treasury Bond ETF | 0.11% | 424,158 | $9.8M | Reduce -14.8% |
| HD Home Depot Inc. | 0.10% | 29,224 | $9.5M | Reduce -8.4% |
| CRM Salesforce Inc. | 0.10% | 34,929 | $9.3M | Reduce -10.1% |
| SLGL Sol-Gel Technologies Ltd. | 0.10% | 218,215 | $9.2M | No change |
| GLBE Global-E Online Ltd. | 0.10% | 232,273 | $9.1M | Add +47.7% |
| ABBV Abbvie Inc. | 0.10% | 38,852 | $8.9M | Add +26.1% |
| C Citigroup Inc. | 0.09% | 73,293 | $8.6M | Reduce -31.1% |
| PYPL PayPal Holdings Inc. | 0.09% | 144,845 | $8.5M | New |
| BINC iShares Flex I A ETF-Usd Inc. | 0.09% | 157,029 | $8.3M | New |
| ADBE Adobe Inc. | 0.09% | 23,192 | $8.1M | Reduce -1.8% |
| NKE Nike Inc. Class B | 0.09% | 125,307 | $8.0M | Add +42.0% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.09% | 145,919 | $7.9M | Reduce -24.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 12,682 | $7.8M | Reduce -91.6% |
| ELLO Ellomay Capital Ltd. | 0.08% | 318,228 | $7.7M | No change |
| KWEB Kranesh Csi China Internet | 0.08% | 230,331 | $7.7M | Add +9.4% |
| VOO Vanguard S&P 500 ETF | 0.08% | 12,182 | $7.6M | Add +2.2% |
| PEP Pepsico Inc. | 0.08% | 52,874 | $7.6M | Reduce -2.4% |
| FCX Freeport-McMoran Inc. | 0.08% | 147,198 | $7.5M | Reduce -20.4% |
Options reported separately and not counted above: NICE LTD calls ($50K), ORMAT TECHNOLOGIES INC calls ($45K), SEAPORT ENTMT GROUP INC puts ($35K), GILAT SATELLITE NETWORKS LTD puts ($13K).
Other holdings (3): bonds, preferreds, convertibles and warrants · $127K (not counted above)
Total filed on the 13F, all lines: $9.2B.
Portfolio Sells Q3 2025 → Q4 2025
| ACWI iShares MSCI Acwi ETF | Reduce -56.9% | 2.15% | −3.32 |
| XLRE SS Real Estate Select Sector | Reduce -77.4% | 0.47% | −1.95 |
| NICE Nice Ltd. - Spon ADR | Sold out | 0.00% | −1.21 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -91.6% | 0.08% | −1.02 |
| XLP SS Consumer Staples Sel Sect | Reduce -66.4% | 0.42% | −0.99 |
| MSFT Microsoft Corp. | Reduce -3.3% | 3.43% | −0.99 |
| VONV Vanguard Russell 1000 Value | Reduce -18.6% | 2.36% | −0.80 |
| TGT Target Corp. | Reduce -99.1% | 0.01% | −0.76 |
| RSP Invesco S&P 500 Equal Weight | Reduce -8.1% | 3.37% | −0.71 |
| VRNS Varonis Systems Inc. | Reduce -39.1% | 0.30% | −0.68 |
| PANW Palo Alto Networks Inc. | Reduce -44.8% | 0.51% | −0.64 |
| EXE Expand Energy Corp. | Reduce -15.1% | 1.62% | −0.45 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.35 |
| LRCX Lam Research Corp. | Reduce -97.7% | 0.01% | −0.35 |
| ORCL Oracle Corp. | Reduce -10.3% | 0.41% | −0.31 |
| ICL Icl Group Ltd. | Reduce -5.1% | 1.06% | −0.31 |
| ITB iShares U.S. Home Constructi | Sold out | 0.00% | −0.29 |
| GILT Gilat Satellite Networks Ltd. | Reduce -14.4% | 0.74% | −0.24 |
| XLF SS Financial Select Sector | Reduce -11.4% | 0.78% | −0.19 |
| AAPL Apple Inc. | Reduce -0.1% | 2.45% | −0.19 |
| CAMT Camtek Ltd. | Reduce -68.1% | 0.07% | −0.18 |
| ESLT Elbit Systems Ltd. | Sold out | 0.00% | −0.16 |
| NFLX Netflix Inc. | Reduce -9.8% | 0.13% | −0.08 |
| ITRN Ituran Location and Control | Sold out | 0.00% | −0.08 |
| TATT Tat Technologies Ltd. | Reduce -32.1% | 0.12% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.9% | 0.68% | −0.07 |
| PERI Perion Network Ltd. | Reduce -19.4% | 0.16% | −0.07 |
| INVZ Innoviz Technologies Ltd. | Reduce -5.5% | 0.03% | −0.06 |
| WMT Walmart Inc. | Reduce -22.6% | 0.16% | −0.06 |
| HD Home Depot Inc. | Reduce -8.4% | 0.10% | −0.05 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.05 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.05 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -24.8% | 0.09% | −0.04 |
| C Citigroup Inc. | Reduce -31.1% | 0.09% | −0.04 |
| XLE SS Energy Select Sector | Reduce -0.1% | 0.32% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -6.1% | 0.14% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.2% | 0.20% | −0.04 |
| BAC Bank of America Corp. | Reduce -16.5% | 0.14% | −0.04 |
| MRVL Marvell Technology Inc. | Reduce -89.8% | 0.00% | −0.04 |
| GOVT iShares US Treasury Bond ETF | Reduce -14.8% | 0.11% | −0.03 |
| SPBO SS SPDR P Corp. Bond ETF | Sold out | 0.00% | −0.03 |
| VRT Vertiv Holdings Co. Class A | Reduce -50.3% | 0.02% | −0.03 |
| VST Vistra Corp. | Reduce -45.0% | 0.02% | −0.03 |
| PGR Progressive Corp. | Reduce -19.0% | 0.06% | −0.03 |
| BSCS Invesco Bulletshares 2028 CB | Reduce -75.9% | 0.01% | −0.03 |
| SHLD Global X Defense Tech ETF | Reduce -10.3% | 0.08% | −0.03 |
| MCK McKesson Corp. | Reduce -19.6% | 0.08% | −0.03 |
| DHI D.R. Horton Inc. | Reduce -10.4% | 0.05% | −0.03 |
| BSX Boston Scientific Corp. | Reduce -14.9% | 0.07% | −0.02 |
| SYK Stryker Corp. | Reduce -14.4% | 0.06% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| XLI SS Industrial Select Sector | Add +159.8% | 6.64% | +3.78 |
| ALB Albemarle Corp. | New | 1.41% | +1.41 |
| NVMI Nova Ltd. | Add +286.3% | 1.81% | +1.30 |
| TT Trane Technologies PLC | Add +1958.5% | 1.23% | +1.16 |
| URA Global X Uranium ETF | New | 0.98% | +0.98 |
| IXJ iShares Global Healthcare Et | Add +77.2% | 2.24% | +0.95 |
| WIX Wix.com Ltd. | Add +7119.2% | 0.74% | +0.72 |
| INDA iShares MSCI India ETF | Add +91.2% | 1.12% | +0.49 |
| MCHI iShares MSCI China ETF | Add +164.6% | 0.86% | +0.46 |
| BTU Peabody Energy Corp. | New | 0.41% | +0.41 |
| AMZN Amazon.com Inc. | Add +20.9% | 3.63% | +0.38 |
| AMAT Applied Materials Inc. | Add +201.4% | 0.51% | +0.36 |
| XLV SS Health Care Select Sector | Add +22.3% | 1.98% | +0.34 |
| CHKP Check Point Software Tech | New | 0.33% | +0.33 |
| ORA Ormat Technologies Inc. | Add +264.0% | 0.43% | +0.31 |
| AVGO Broadcom Inc. | Add +49.4% | 0.89% | +0.25 |
| PYPL PayPal Holdings Inc. | New | 0.09% | +0.09 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.09% | +0.09 |
| JNJ Johnson & Johnson | Add +67.0% | 0.12% | +0.05 |
| MORT Vaneck Mortgage REIT Income | New | 0.05% | +0.05 |
| CIBR First Trust Nasdaq Cybersecu | Add +267.5% | 0.08% | +0.05 |
| MBLY Mobileye Global Inc. Class A | Add +124.7% | 0.13% | +0.04 |
| GLBE Global-E Online Ltd. | Add +47.7% | 0.10% | +0.03 |
| MRK Merck & Co. Inc. | Add +43.8% | 0.07% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +49.5% | 0.07% | +0.02 |
| GRNY Fundstr Gran SH US LRG Cap | New | 0.02% | +0.02 |
| PEG Public Service Enterprise GP | New | 0.02% | +0.02 |
| MS Morgan Stanley | Add +80.3% | 0.03% | +0.02 |
| ABT Abbott Laboratories | Add +64.1% | 0.07% | +0.02 |
| LULU Lululemon Athletica Inc. | New | 0.02% | +0.02 |
| UAL United Airlines Holdings Inc. | Add +129.6% | 0.03% | +0.02 |
| CELH Celsius Holdings Inc. | New | 0.01% | +0.01 |
| GEV GE Vernova Inc. | Add +114.5% | 0.03% | +0.01 |
| DG Dollar General Corp. | Add +14.8% | 0.05% | +0.01 |
| NKE Nike Inc. Class B | Add +42.0% | 0.09% | +0.01 |
| URI United Rentals Inc. | New | 0.01% | +0.01 |
| GLD SPDR Gold Shares | Add +9.7% | 0.13% | +0.01 |
| SPOT Spotify Technology SA | New | 0.01% | +0.01 |
| MDB Mongodb Inc. | Add +73.3% | 0.02% | +0.01 |
| ABBV Abbvie Inc. | Add +26.1% | 0.10% | +0.01 |
| AMD Advanced Micro Devices | Add +0.3% | 0.13% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +27.2% | 0.04% | +0.01 |
| SMWB Similarweb Ltd. | Add +43.2% | 0.35% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +7.6% | 0.07% | +0.01 |
| TMUS T-Mobile US Inc. | Add +308.8% | 0.01% | +0.01 |
| CSCO Cisco Systems Inc. | Add +7.1% | 0.11% | +0.01 |
| BIIB Biogen Inc. | New | 0.01% | +0.01 |
| EW Edwards Lifesciences Corp. | Add +167.2% | 0.01% | +0.01 |
| SO The Southern Co. | Add +205.5% | 0.01% | +0.01 |
| CRCL Circle Internet Group Inc. | New | 0.01% | +0.01 |
Options Activity Q3 2025 → Q4 2025
| NICE LTD | call | Reduce -40.0% | 444,800 | $50K |
| ORMAT TECHNOLOGIES INC | call | Reduce -43.0% | 410,300 | $45K |
| GLOBAL E ONLINE LTD | call | Sold out | 1,020,000 | $36Kbefore exit |
| SEAPORT ENTMT GROUP INC | put | Reduce -21.1% | 100,000 | $35K |
| GILAT SATELLITE NETWORKS LTD | put | New | 1,030,000 | $13K |
| TOWER SEMICONDUCTOR LTD | call | Sold out | 80,000 | $6Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 518 | $14.6B | TEVA, TSEM, XLI, IXN, TSM |
| Q1 2026 | 480 | $10.5B | TEVA, TSEM, XLI, AMZN, IXN |
| Q4 2025 | 459 | $9.2B | TEVA, XLI, TSEM, AMZN, MSFT |
| Q3 2025Amended | 454 | $8.2B | TEVA, ACWI, MSFT, RSP, NVDA |
| Q2 2025 | 418 | $7.6B | TEVA, MSFT, XLI, AMZN, ACWI |
| Q1 2025 | 363 | $6.5B | TEVA, AMZN, RSP, MSFT, XLF |
| Q4 2024 | 352 | $7.3B | XLF, TEVA, AMZN, MSFT, NICE |
| Q3 2024 | 353 | $6.8B | XLF, TEVA, NICE, MSFT, AMZN |
| Q2 2024 | 338 | $6.6B | XLF, TEVA, NICE, MSFT, NVDA |
| Q1 2024 | 400 | $7.2B | XLF, TEVA, XOP, NICE, XLV |