Sphera Management Technology Funds Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Sphera Management Technology Funds Ltd reported 60 stock positions worth $125.5 million. Its top holding was Amazon.com (AMZN) at 9.2% of the portfolio, followed by Meta Platforms Class A (META, 8.9%) and Salesforce (CRM, 5.3%). Compared with Q4 2024, it opened 14 new positions, sold out of 12, added to 18 and reduced 18. The biggest buy was Salesforce (CRM, shares +945%) and the biggest sale Alphabet Class C (GOOG, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- TEL AVIV, L3
- CIK
- 0002030525
- Portfolio Value
- $125.5M (Q1 2025)
- SEC Filing
- 0001496201-25-000008 ↗ filed May 15, 2025
Holdings Value
Holdings 60 stocks · $125.5M
| AMZN Amazon.com Inc. | 9.20% | 60,700 | $11.5M | Add +6.4% |
| META Meta Platforms Inc. Class A | 8.91% | 19,415 | $11.2M | Reduce -2.9% |
| CRM Salesforce Inc. | 5.25% | 24,560 | $6.6M | Add +945.1% |
| MSFT Microsoft Corp. | 5.04% | 16,844 | $6.3M | Add +3.5% |
| AMD Advanced Micro Devices | 3.36% | 41,060 | $4.2M | Add +163.7% |
| NVDA Nvidia Corp. | 3.19% | 37,000 | $4.0M | Add +112.6% |
| PERI Perion Network Ltd. | 3.07% | 474,120 | $3.9M | Add +303.4% |
| TSLA Tesla Inc. | 2.97% | 14,400 | $3.7M | New |
| AVGO Broadcom Inc. | 2.93% | 22,000 | $3.7M | Add +10.0% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | 2.61% | 3,800,000 | $3.3M | Add +35.7% |
| MU Micron Technology Inc. | 2.42% | 35,000 | $3.0M | Add +40.0% |
| AAPL Apple Inc. | 2.17% | 12,260 | $2.7M | Reduce -38.7% |
| AMAT Applied Materials Inc. | 2.06% | 17,800 | $2.6M | New |
| UBER Uber Technologies Inc. | 2.03% | 35,000 | $2.6M | Reduce -24.7% |
| DELL Dell Technologies -C | 1.98% | 27,335 | $2.5M | New |
| SMWB Similarweb Ltd. | 1.96% | 296,755 | $2.5M | Add +80.8% |
| GOOG Alphabet Inc. Class C | 1.90% | 15,300 | $2.4M | Reduce -67.2% |
| SEDG Solaredge Technologies Inc. | 1.86% | 144,000 | $2.3M | Add +140.0% |
| INTC Intel Corp. | 1.81% | 100,000 | $2.3M | New |
| NICE Nice Ltd. - Spon ADR | 1.72% | 14,000 | $2.2M | New |
| MRVL Marvell Technology Inc. | 1.58% | 32,300 | $2.0M | Reduce -41.3% |
| FROG Jfrog Ltd. | 1.53% | 60,000 | $1.9M | Reduce -28.1% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | 1.52% | 2,000,000 | $1.9M | Add +33.3% |
| CYBR Cyberark Software Ltd./Israel | 1.48% | 5,511 | $1.9M | New |
| NFLX Netflix Inc. | 1.41% | 1,900 | $1.8M | Reduce -7.8% |
| TEAM Atlassian Corp. Class A | 1.36% | 8,020 | $1.7M | New |
| CAMT Camtek Ltd. | 1.35% | 29,000 | $1.7M | Reduce -23.0% |
| WDAY Workday Inc. Class A | 1.30% | 7,000 | $1.6M | Reduce -58.8% |
| GTLB Gitlab Inc. Class A | 1.28% | 34,060 | $1.6M | Add +21.6% |
| MNDY Monday.com Ltd. | 1.26% | 6,530 | $1.6M | New |
| QCOM Qualcomm Inc. | 1.22% | 10,000 | $1.5M | Reduce -27.4% |
| ADSK Autodesk Inc. | 1.15% | 5,500 | $1.4M | Reduce -26.7% |
| KWEB Kranesh Csi China Internet | 1.14% | 41,000 | $1.4M | Add +64.0% |
| LSCC Lattice Semiconductor Corp. | 1.04% | 25,000 | $1.3M | Add +25.0% |
| ODD Oddity Tech Ltd. Class A | 1.03% | 30,000 | $1.3M | Reduce -33.3% |
| ESTC Elastic NV | 1.02% | 14,350 | $1.3M | Add +17.6% |
| HUBS HubSpot Inc. | 0.88% | 1,930 | $1.1M | New |
| CEVA Ceva Inc. | 0.88% | 43,000 | $1.1M | New |
| GLBE Global-E Online Ltd. | 0.85% | 30,000 | $1.1M | No change |
| COMP Compass Inc. Class A | 0.83% | 120,000 | $1.0M | Reduce -11.1% |
| U Unity Software Inc. | 0.78% | 50,000 | $980K | Reduce -0.4% |
| VLN Valens Semiconductor Ltd. | 0.65% | 400,339 | $817K | Add +1.0% |
| CPNG Coupang Inc. | 0.61% | 35,000 | $768K | No change |
| KRNT Kornit Digital Ltd. | 0.61% | 40,000 | $763K | New |
| ZM Zoom Communications Inc. | 0.59% | 10,000 | $738K | No change |
| CIEN Ciena Corp. | 0.58% | 12,000 | $725K | Reduce -40.0% |
| NNDM Nano Dimension Ltd. - ADR | 0.57% | 451,947 | $719K | No change |
| NET Cloudflare Inc. Class A | 0.54% | 6,000 | $676K | Reduce -32.6% |
| FOUR SHIFT4 Payments Inc. Class A | 0.52% | 8,000 | $654K | No change |
| HIPO Hippo Holdings Inc. | 0.51% | 25,000 | $639K | Reduce -34.2% |
| PCTY Paylocity Holding Corp. | 0.48% | 3,230 | $605K | No change |
| COIN Coinbase Global Inc. Class A | 0.48% | 3,500 | $603K | Add +75.0% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.44% | 10,000 | $547K | New |
| XYZ Block Inc. | 0.43% | 10,000 | $543K | No change |
| TBLA Taboola.com Ltd. | 0.42% | 180,000 | $531K | Reduce -10.0% |
| PAYC Paycom Software Inc. | 0.41% | 2,335 | $510K | No change |
| WDC Western Digital Corp. | 0.39% | 12,000 | $485K | No change |
| SUNRUN INC (RUN 4 03/01/30) | 0.29% | 500,000 | $360K | New |
| SERV Serve Robotics Inc. | 0.07% | 15,000 | $86K | New |
| SHLT SHL Telemedicine Ltd.-ADR | 0.05% | 32,642 | $68K | No change |
Options reported separately and not counted above: QQQ puts ($9.4M), SMH puts ($7.4M), NICE calls ($4.3M), SPY puts ($2.8M), S calls ($2.5M), INTC calls ($2.3M).
Portfolio Sells Q4 2024 → Q1 2025
| GOOG Alphabet Inc. Class C | Reduce -67.2% | 1.90% | −5.13 |
| MRVL Marvell Technology Inc. | Reduce -41.3% | 1.58% | −3.23 |
| WDAY Workday Inc. Class A | Reduce -58.8% | 1.30% | −2.18 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −2.13 |
| AAPL Apple Inc. | Reduce -38.7% | 2.17% | −1.80 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −1.32 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −1.28 |
| CAMT Camtek Ltd. | Reduce -23.0% | 1.35% | −1.06 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.94 |
| CIEN Ciena Corp. | Reduce -40.0% | 0.58% | −0.77 |
| FVRR Fiverr International Ltd. | Sold out | 0.00% | −0.75 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.74 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.71 |
| NVMI Nova Ltd. | Sold out | 0.00% | −0.70 |
| CLBT Cellebrite Di Ltd. | Sold out | 0.00% | −0.70 |
| GLW Corning Inc. | Sold out | 0.00% | −0.63 |
| ADSK Autodesk Inc. | Reduce -26.7% | 1.15% | −0.61 |
| COHR Coherent Corp. | Sold out | 0.00% | −0.60 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.50 |
| ODD Oddity Tech Ltd. Class A | Reduce -33.3% | 1.03% | −0.47 |
| QCOM Qualcomm Inc. | Reduce -27.4% | 1.22% | −0.45 |
| FROG Jfrog Ltd. | Reduce -28.1% | 1.53% | −0.42 |
| META Meta Platforms Inc. Class A | Reduce -2.9% | 8.91% | −0.37 |
| HIPO Hippo Holdings Inc. | Reduce -34.2% | 0.51% | −0.30 |
| NET Cloudflare Inc. Class A | Reduce -32.6% | 0.54% | −0.22 |
| UBER Uber Technologies Inc. | Reduce -24.7% | 2.03% | −0.19 |
| TBLA Taboola.com Ltd. | Reduce -10.0% | 0.42% | −0.16 |
| U Unity Software Inc. | Reduce -0.4% | 0.78% | −0.11 |
| NFLX Netflix Inc. | Reduce -7.8% | 1.41% | −0.04 |
| COMP Compass Inc. Class A | Reduce -11.1% | 0.83% | +0.21 |
Portfolio Buys Q4 2024 → Q1 2025
| CRM Salesforce Inc. | Add +945.1% | 5.25% | +4.63 |
| TSLA Tesla Inc. | New | 2.97% | +2.97 |
| PERI Perion Network Ltd. | Add +303.4% | 3.07% | +2.29 |
| AMAT Applied Materials Inc. | New | 2.06% | +2.06 |
| DELL Dell Technologies -C | New | 1.98% | +1.98 |
| AMD Advanced Micro Devices | Add +163.7% | 3.36% | +1.87 |
| INTC Intel Corp. | New | 1.81% | +1.81 |
| NICE Nice Ltd. - Spon ADR | New | 1.72% | +1.72 |
| CYBR Cyberark Software Ltd./Israel | New | 1.48% | +1.48 |
| TEAM Atlassian Corp. Class A | New | 1.36% | +1.36 |
| NVDA Nvidia Corp. | Add +112.6% | 3.19% | +1.34 |
| MNDY Monday.com Ltd. | New | 1.26% | +1.26 |
| SEDG Solaredge Technologies Inc. | Add +140.0% | 1.86% | +1.21 |
| HUBS HubSpot Inc. | New | 0.88% | +0.88 |
| CEVA Ceva Inc. | New | 0.88% | +0.88 |
| MU Micron Technology Inc. | Add +40.0% | 2.42% | +0.75 |
| KRNT Kornit Digital Ltd. | New | 0.61% | +0.61 |
| KWEB Kranesh Csi China Internet | Add +64.0% | 1.14% | +0.56 |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | Add +35.7% | 2.61% | +0.51 |
| TTD Trade Desk Inc./the Class A | New | 0.44% | +0.44 |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | Add +33.3% | 1.52% | +0.35 |
| SUNRUN INC (RUN 4 03/01/30) | New | 0.29% | +0.29 |
| LSCC Lattice Semiconductor Corp. | Add +25.0% | 1.04% | +0.15 |
| SMWB Similarweb Ltd. | Add +80.8% | 1.96% | +0.11 |
| COIN Coinbase Global Inc. Class A | Add +75.0% | 0.48% | +0.09 |
| SERV Serve Robotics Inc. | New | 0.07% | +0.07 |
| ESTC Elastic NV | Add +17.6% | 1.02% | +0.06 |
| GTLB Gitlab Inc. Class A | Add +21.6% | 1.28% | +0.02 |
| VLN Valens Semiconductor Ltd. | Add +1.0% | 0.65% | −0.17 |
| MSFT Microsoft Corp. | Add +3.5% | 5.04% | −0.40 |
| AMZN Amazon.com Inc. | Add +6.4% | 9.20% | −0.72 |
| AVGO Broadcom Inc. | Add +10.0% | 2.93% | −0.74 |
Options Activity Q4 2024 → Q1 2025
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -74.0% | 20,000 | $9.4M |
| SMH Vaneck Semiconductor ETF | put | New | 35,000 | $7.4M |
| NICE Nice Ltd. - Spon ADR | call | Add +11.2% | 27,800 | $4.3M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 5,000 | $2.8M |
| S Sentinelone Inc. Class A | call | New | 140,000 | $2.5M |
| MBLY Mobileye Global Inc. Class A | call | Sold out | 60,000 | $1.2Mbefore 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 | 83 | $285.1M | AMD, GOOG, AMZN, MSFT, AVGO |
| Q1 2026 | 54 | $177.0M | AMZN, MSFT, NVDA, META, GOOG |
| Q4 2025 | 59 | $191.1M | META, AMZN, MSFT, AVGO, TSLA |
| Q3 2025 | 64 | $197.5M | AMZN, META, MSFT, AMD, AVGO |
| Q2 2025 | 62 | $163.0M | META, AMZN, MSFT, AMD, NVDA |
| Q1 2025 | 60 | $125.5M | AMZN, META, CRM, MSFT, AMD |
| Q4 2024 | 58 | $126.1M | AMZN, META, GOOG, MSFT, MRVL |