Sphera Management Technology Funds Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Sphera Management Technology Funds Ltd reported 62 stock positions worth $163.0 million. Its top holding was Meta Platforms Class A (META) at 9.0% of the portfolio, followed by Amazon.com (AMZN, 8.4%) and Microsoft (MSFT, 7.5%). Compared with Q1 2025, it opened 12 new positions, sold out of 10, added to 19 and reduced 15. The biggest buy was Advanced Micro Devices (AMD, shares +65%) and the biggest sale Salesforce (CRM, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- TEL AVIV, L3
- CIK
- 0002030525
- Portfolio Value
- $163.0M (Q2 2025)
- SEC Filing
- 0001496201-25-000013 ↗ filed Aug 14, 2025
Holdings Value
Holdings 62 stocks · $163.0M
| META Meta Platforms Inc. Class A | 8.98% | 19,835 | $14.6M | Add +2.2% |
| AMZN Amazon.com Inc. | 8.35% | 62,070 | $13.6M | Add +2.3% |
| MSFT Microsoft Corp. | 7.53% | 24,684 | $12.3M | Add +46.5% |
| AMD Advanced Micro Devices | 5.89% | 67,690 | $9.6M | Add +64.9% |
| NVDA Nvidia Corp. | 4.52% | 46,640 | $7.4M | Add +26.1% |
| AVGO Broadcom Inc. | 3.36% | 19,850 | $5.5M | Reduce -9.8% |
| MRVL Marvell Technology Inc. | 2.92% | 61,400 | $4.8M | Add +90.1% |
| AMAT Applied Materials Inc. | 2.84% | 25,310 | $4.6M | Add +42.2% |
| CAMT Camtek Ltd. | 2.59% | 50,000 | $4.2M | Add +72.4% |
| TSLA Tesla Inc. | 2.27% | 11,630 | $3.7M | Reduce -19.2% |
| WIX Wix.com Ltd. | 2.25% | 23,150 | $3.7M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | 2.16% | 3,800,000 | $3.5M | No change |
| INTC Intel Corp. | 2.03% | 148,000 | $3.3M | Add +48.0% |
| UBER Uber Technologies Inc. | 2.00% | 35,000 | $3.3M | No change |
| SMWB Similarweb Ltd. | 1.94% | 402,878 | $3.2M | Add +35.8% |
| AAPL Apple Inc. | 1.86% | 14,810 | $3.0M | Add +20.8% |
| NVMI Nova Ltd. | 1.74% | 10,326 | $2.8M | New |
| ODD Oddity Tech Ltd. Class A | 1.62% | 35,000 | $2.6M | Add +16.7% |
| NFLX Netflix Inc. | 1.56% | 1,900 | $2.5M | No change |
| FROG Jfrog Ltd. | 1.53% | 56,800 | $2.5M | Reduce -5.3% |
| MU Micron Technology Inc. | 1.31% | 17,265 | $2.1M | Reduce -50.7% |
| CYBR Cyberark Software Ltd./Israel | 1.25% | 5,000 | $2.0M | Reduce -9.3% |
| PERI Perion Network Ltd. | 1.25% | 200,000 | $2.0M | Reduce -57.8% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | 1.17% | 2,000,000 | $1.9M | No change |
| MNDY Monday.com Ltd. | 1.16% | 6,000 | $1.9M | Reduce -8.1% |
| COIN Coinbase Global Inc. Class A | 1.15% | 5,360 | $1.9M | Add +53.1% |
| LSCC Lattice Semiconductor Corp. | 1.14% | 38,000 | $1.9M | Add +52.0% |
| ADI Analog Devices Inc. | 1.12% | 7,700 | $1.8M | New |
| TEAM Atlassian Corp. Class A | 1.09% | 8,755 | $1.8M | Add +9.2% |
| NICE Nice Ltd. - Spon ADR | 1.04% | 10,000 | $1.7M | Reduce -28.6% |
| WDAY Workday Inc. Class A | 1.03% | 7,000 | $1.7M | No change |
| TXN Texas Instruments Inc. | 1.02% | 8,000 | $1.7M | New |
| CRM Salesforce Inc. | 1.01% | 6,060 | $1.7M | Reduce -75.3% |
| HUBS HubSpot Inc. | 0.85% | 2,500 | $1.4M | Add +29.5% |
| NET Cloudflare Inc. Class A | 0.84% | 7,000 | $1.4M | Add +16.7% |
| PAYO Payoneer Global Inc. | 0.82% | 195,000 | $1.3M | New |
| ETOR Etoro Group Ltd. Class A | 0.82% | 20,000 | $1.3M | New |
| SEDG Solaredge Technologies Inc. | 0.80% | 63,597 | $1.3M | Reduce -55.8% |
| OSCR Oscar Health Inc. Class A | 0.79% | 60,000 | $1.3M | New |
| DELL Dell Technologies -C | 0.75% | 10,000 | $1.2M | Reduce -63.4% |
| ESTC Elastic NV | 0.74% | 14,350 | $1.2M | No change |
| U Unity Software Inc. | 0.74% | 50,000 | $1.2M | No change |
| KWEB Kranesh Csi China Internet | 0.74% | 35,000 | $1.2M | Reduce -14.6% |
| GTLB Gitlab Inc. Class A | 0.69% | 25,000 | $1.1M | Reduce -26.6% |
| CLBT Cellebrite Di Ltd. | 0.69% | 70,000 | $1.1M | New |
| NBIS Nebius Group NV | 0.68% | 20,000 | $1.1M | New |
| XYZ Block Inc. | 0.66% | 15,800 | $1.1M | Add +58.0% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.63% | 70,000 | $1.0M | New |
| CIEN Ciena Corp. | 0.60% | 12,000 | $976K | No change |
| KRNT Kornit Digital Ltd. | 0.58% | 47,520 | $946K | Add +18.8% |
| CEVA Ceva Inc. | 0.58% | 43,000 | $945K | No change |
| VLN Valens Semiconductor Ltd. | 0.54% | 335,339 | $882K | Reduce -16.2% |
| FOUR SHIFT4 Payments Inc. Class A | 0.49% | 8,000 | $793K | No change |
| ZM Zoom Communications Inc. | 0.48% | 10,000 | $780K | No change |
| COMP Compass Inc. Class A | 0.46% | 120,000 | $754K | No change |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.44% | 10,000 | $720K | No change |
| NNDM Nano Dimension Ltd. - ADR | 0.43% | 431,947 | $700K | Reduce -4.4% |
| FSLR First Solar Inc. | 0.41% | 4,000 | $662K | New |
| PCTY Paylocity Holding Corp. | 0.36% | 3,230 | $585K | No change |
| PAYC Paycom Software Inc. | 0.33% | 2,335 | $540K | No change |
| SUNRUN INC (RUN 4 03/01/30) | 0.22% | 500,000 | $364K | No change |
| SPWR Sunpower Inc. filed as COMPLETE SOLARIA INC | 0.17% | 150,000 | $276K | New |
Options reported separately and not counted above: QQQ puts ($29.0M), NICE calls ($3.9M), S calls ($2.6M), INTC calls ($672K).
Portfolio Sells Q1 2025 → Q2 2025
| CRM Salesforce Inc. | Reduce -75.3% | 1.01% | −4.24 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −1.90 |
| PERI Perion Network Ltd. | Reduce -57.8% | 1.25% | −1.83 |
| DELL Dell Technologies -C | Reduce -63.4% | 0.75% | −1.23 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −1.22 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −1.15 |
| MU Micron Technology Inc. | Reduce -50.7% | 1.31% | −1.12 |
| SEDG Solaredge Technologies Inc. | Reduce -55.8% | 0.80% | −1.06 |
| GLBE Global-E Online Ltd. | Sold out | 0.00% | −0.85 |
| TSLA Tesla Inc. | Reduce -19.2% | 2.27% | −0.71 |
| NICE Nice Ltd. - Spon ADR | Reduce -28.6% | 1.04% | −0.68 |
| CPNG Coupang Inc. | Sold out | 0.00% | −0.61 |
| GTLB Gitlab Inc. Class A | Reduce -26.6% | 0.69% | −0.58 |
| HIPO Hippo Holdings Inc. | Sold out | 0.00% | −0.51 |
| TBLA Taboola.com Ltd. | Sold out | 0.00% | −0.42 |
| KWEB Kranesh Csi China Internet | Reduce -14.6% | 0.74% | −0.40 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.39 |
| CYBR Cyberark Software Ltd./Israel | Reduce -9.3% | 1.25% | −0.24 |
| NNDM Nano Dimension Ltd. - ADR | Reduce -4.4% | 0.43% | −0.14 |
| VLN Valens Semiconductor Ltd. | Reduce -16.2% | 0.54% | −0.11 |
| MNDY Monday.com Ltd. | Reduce -8.1% | 1.16% | −0.11 |
| SERV Serve Robotics Inc. | Sold out | 0.00% | −0.07 |
| SHLT SHL Telemedicine Ltd.-ADR | Sold out | 0.00% | −0.05 |
| FROG Jfrog Ltd. | Reduce -5.3% | 1.53% | −0.00 |
| AVGO Broadcom Inc. | Reduce -9.8% | 3.36% | +0.42 |
Portfolio Buys Q1 2025 → Q2 2025
| AMD Advanced Micro Devices | Add +64.9% | 5.89% | +2.53 |
| MSFT Microsoft Corp. | Add +46.5% | 7.53% | +2.49 |
| WIX Wix.com Ltd. | New | 2.25% | +2.25 |
| NVMI Nova Ltd. | New | 1.74% | +1.74 |
| MRVL Marvell Technology Inc. | Add +90.1% | 2.92% | +1.33 |
| NVDA Nvidia Corp. | Add +26.1% | 4.52% | +1.33 |
| CAMT Camtek Ltd. | Add +72.4% | 2.59% | +1.24 |
| ADI Analog Devices Inc. | New | 1.12% | +1.12 |
| TXN Texas Instruments Inc. | New | 1.02% | +1.02 |
| PAYO Payoneer Global Inc. | New | 0.82% | +0.82 |
| ETOR Etoro Group Ltd. Class A | New | 0.82% | +0.82 |
| OSCR Oscar Health Inc. Class A | New | 0.79% | +0.79 |
| AMAT Applied Materials Inc. | Add +42.2% | 2.84% | +0.78 |
| CLBT Cellebrite Di Ltd. | New | 0.69% | +0.69 |
| NBIS Nebius Group NV | New | 0.68% | +0.68 |
| COIN Coinbase Global Inc. Class A | Add +53.1% | 1.15% | +0.67 |
| IREN Iren Ltd. | New | 0.63% | +0.63 |
| ODD Oddity Tech Ltd. Class A | Add +16.7% | 1.62% | +0.59 |
| FSLR First Solar Inc. | New | 0.41% | +0.41 |
| NET Cloudflare Inc. Class A | Add +16.7% | 0.84% | +0.30 |
| XYZ Block Inc. | Add +58.0% | 0.66% | +0.23 |
| INTC Intel Corp. | Add +48.0% | 2.03% | +0.22 |
| SPWR Sunpower Inc. | New | 0.17% | +0.17 |
| LSCC Lattice Semiconductor Corp. | Add +52.0% | 1.14% | +0.10 |
| META Meta Platforms Inc. Class A | Add +2.2% | 8.98% | +0.07 |
| SMWB Similarweb Ltd. | Add +35.8% | 1.94% | −0.02 |
| HUBS HubSpot Inc. | Add +29.5% | 0.85% | −0.02 |
| KRNT Kornit Digital Ltd. | Add +18.8% | 0.58% | −0.03 |
| TEAM Atlassian Corp. Class A | Add +9.2% | 1.09% | −0.27 |
| AAPL Apple Inc. | Add +20.8% | 1.86% | −0.31 |
| AMZN Amazon.com Inc. | Add +2.3% | 8.35% | −0.85 |
Options Activity Q1 2025 → Q2 2025
| QQQ Invesco QQQ Trust Series 1 | put | Add +162.5% | 52,500 | $29.0M |
| SMH Vaneck Semiconductor ETF | put | Sold out | 35,000 | $7.4Mbefore exit |
| NICE Nice Ltd. - Spon ADR | call | Reduce -18.0% | 22,800 | $3.9M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 5,000 | $2.8Mbefore exit |
| INTC Intel Corp. | call | Reduce -70.0% | 30,000 | $672K |
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 |