Sphera Management Technology Funds Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Sphera Management Technology Funds Ltd reported 64 stock positions worth $197.5 million. Its top holding was Amazon.com (AMZN) at 7.6% of the portfolio, followed by Meta Platforms Class A (META, 7.5%) and Microsoft (MSFT, 5.8%). Compared with Q2 2025, it opened 19 new positions, sold out of 17, added to 15 and reduced 16. The biggest buy was a new position in Solar Edge Technologies (sedg 2.25 07/01/29) and the biggest sale an exit from Apple (AAPL).
- Most Recent 13F
- Q2 2026
- Location
- TEL AVIV, L3
- CIK
- 0002030525
- Portfolio Value
- $197.5M (Q3 2025)
- SEC Filing
- 0002030525-25-000002 ↗ filed Nov 14, 2025
Holdings Value
Holdings 64 stocks · $197.5M
| AMZN Amazon.com Inc. | 7.61% | 68,470 | $15.0M | Add +10.3% |
| META Meta Platforms Inc. Class A | 7.50% | 20,165 | $14.8M | Add +1.7% |
| MSFT Microsoft Corp. | 5.77% | 22,000 | $11.4M | Reduce -10.9% |
| AMD Advanced Micro Devices | 4.67% | 57,000 | $9.2M | Reduce -15.8% |
| AVGO Broadcom Inc. | 4.55% | 27,250 | $9.0M | Add +37.3% |
| TSLA Tesla Inc. | 4.06% | 18,030 | $8.0M | Add +55.0% |
| INTC Intel Corp. | 3.19% | 188,000 | $6.3M | Add +27.0% |
| SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) | 3.17% | 4,700,000 | $6.3M | New |
| NVDA Nvidia Corp. | 3.03% | 32,070 | $6.0M | Reduce -31.2% |
| MRVL Marvell Technology Inc. | 2.64% | 62,000 | $5.2M | Add +1.0% |
| ORCL Oracle Corp. | 2.42% | 17,000 | $4.8M | New |
| U Unity Software Inc. | 2.23% | 110,000 | $4.4M | Add +120.0% |
| SMWB Similarweb Ltd. | 2.18% | 462,878 | $4.3M | Add +14.9% |
| CAMT Camtek Ltd. | 1.86% | 35,000 | $3.7M | Reduce -30.0% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | 1.83% | 2,300,000 | $3.6M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | 1.78% | 3,800,000 | $3.5M | No change |
| PANW Palo Alto Networks Inc. | 1.75% | 17,000 | $3.5M | New |
| NICE Nice Ltd. - Spon ADR | 1.69% | 23,000 | $3.3M | Add +130.0% |
| CLBT Cellebrite Di Ltd. | 1.60% | 170,000 | $3.2M | Add +142.9% |
| GOOG Alphabet Inc. Class C | 1.59% | 12,870 | $3.1M | New |
| CHKP Check Point Software Tech | 1.57% | 15,000 | $3.1M | New |
| NFLX Netflix Inc. | 1.52% | 2,500 | $3.0M | Add +31.6% |
| UBER Uber Technologies Inc. | 1.49% | 30,000 | $2.9M | Reduce -14.3% |
| CIEN Ciena Corp. | 1.40% | 19,000 | $2.8M | Add +58.3% |
| TXN Texas Instruments Inc. | 1.40% | 15,000 | $2.8M | Add +87.5% |
| AMAT Applied Materials Inc. | 1.24% | 11,950 | $2.4M | Reduce -52.8% |
| WIX Wix.com Ltd. | 1.17% | 13,000 | $2.3M | Reduce -43.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.14% | 8,000 | $2.3M | New |
| LSCC Lattice Semiconductor Corp. | 1.11% | 30,000 | $2.2M | Reduce -21.1% |
| ODD Oddity Tech Ltd. Class A | 1.10% | 35,000 | $2.2M | No change |
| FROG Jfrog Ltd. | 1.08% | 45,000 | $2.1M | Reduce -20.8% |
| BOX INC (BOX 1.5 09/15/29) | 1.02% | 2,000,000 | $2.0M | New |
| TWLO Twilio Inc. Class A | 1.01% | 20,000 | $2.0M | New |
| ADI Analog Devices Inc. | 0.96% | 7,700 | $1.9M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | 0.95% | 2,000,000 | $1.9M | No change |
| SEDG Solaredge Technologies Inc. | 0.94% | 50,000 | $1.9M | Reduce -21.4% |
| VRNS Varonis Systems Inc. | 0.87% | 30,000 | $1.7M | New |
| COIN Coinbase Global Inc. Class A | 0.85% | 5,000 | $1.7M | Reduce -6.7% |
| WDAY Workday Inc. Class A | 0.85% | 7,000 | $1.7M | No change |
| HUT Hut 8 Corp. | 0.79% | 45,000 | $1.6M | New |
| SUNRUN INC (RUN 4 03/01/30) | 0.76% | 1,100,000 | $1.5M | Add +120.0% |
| CRM Salesforce Inc. | 0.73% | 6,060 | $1.4M | No change |
| ENPH Enphase Energy Inc. | 0.72% | 40,000 | $1.4M | New |
| IREN Iren Ltd. filed as IREN LIMITED | 0.71% | 30,000 | $1.4M | Reduce -57.1% |
| NET Cloudflare Inc. Class A | 0.65% | 6,000 | $1.3M | Reduce -14.3% |
| AVAV Aerovironment Inc. | 0.62% | 3,900 | $1.2M | New |
| HPE Hewlett Packard Enterprise | 0.62% | 50,000 | $1.2M | New |
| SEI Solaris Energy Infrastructur | 0.61% | 30,000 | $1.2M | New |
| ALGM Allegro Microsystems Inc. | 0.59% | 40,000 | $1.2M | New |
| OSCR Oscar Health Inc. Class A | 0.58% | 60,000 | $1.1M | No change |
| CEVA Ceva Inc. | 0.58% | 43,000 | $1.1M | No change |
| PAYO Payoneer Global Inc. | 0.52% | 170,000 | $1.0M | Reduce -12.8% |
| PENGUIN SOLUTIONS CAYMEN (PENG 2 08/15/30) | 0.51% | 850,000 | $1.0M | New |
| ZETA Zeta Global Holdings Corp. Class A | 0.50% | 50,000 | $994K | New |
| FSLR First Solar Inc. | 0.45% | 4,000 | $882K | No change |
| TTMI TTM Technologies | 0.44% | 15,000 | $864K | New |
| ETOR Etoro Group Ltd. Class A | 0.42% | 20,000 | $825K | No change |
| COMP Compass Inc. Class A | 0.41% | 100,000 | $803K | Reduce -16.7% |
| PERI Perion Network Ltd. | 0.39% | 80,000 | $768K | Reduce -60.0% |
| NNDM Nano Dimension Ltd. - ADR | 0.34% | 431,947 | $678K | No change |
| KRNT Kornit Digital Ltd. | 0.32% | 47,520 | $642K | No change |
| FOUR SHIFT4 Payments Inc. Class A | 0.31% | 8,000 | $619K | No change |
| SPWR Sunpower Inc. filed as COMPLETE SOLARIA INC | 0.31% | 343,845 | $605K | Add +129.2% |
| VLN Valens Semiconductor Ltd. | 0.30% | 335,339 | $600K | No change |
Options reported separately and not counted above: QQQ puts ($114.1M), S calls ($3.2M), NICE calls ($2.9M).
Portfolio Sells Q2 2025 → Q3 2025
| AAPL Apple Inc. | Sold out | 0.00% | −1.86 |
| MSFT Microsoft Corp. | Reduce -10.9% | 5.77% | −1.76 |
| NVMI Nova Ltd. | Sold out | 0.00% | −1.74 |
| AMAT Applied Materials Inc. | Reduce -52.8% | 1.24% | −1.60 |
| NVDA Nvidia Corp. | Reduce -31.2% | 3.03% | −1.49 |
| MU Micron Technology Inc. | Sold out | 0.00% | −1.31 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −1.25 |
| AMD Advanced Micro Devices | Reduce -15.8% | 4.67% | −1.22 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −1.16 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −1.09 |
| WIX Wix.com Ltd. | Reduce -43.8% | 1.17% | −1.08 |
| PERI Perion Network Ltd. | Reduce -60.0% | 0.39% | −0.86 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.85 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.75 |
| ESTC Elastic NV | Sold out | 0.00% | −0.74 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.74 |
| CAMT Camtek Ltd. | Reduce -30.0% | 1.86% | −0.73 |
| GTLB Gitlab Inc. Class A | Sold out | 0.00% | −0.69 |
| NBIS Nebius Group NV | Sold out | 0.00% | −0.68 |
| XYZ Block Inc. | Sold out | 0.00% | −0.66 |
| UBER Uber Technologies Inc. | Reduce -14.3% | 1.49% | −0.51 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −0.48 |
| FROG Jfrog Ltd. | Reduce -20.8% | 1.08% | −0.45 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.44 |
| PCTY Paylocity Holding Corp. | Sold out | 0.00% | −0.36 |
| PAYC Paycom Software Inc. | Sold out | 0.00% | −0.33 |
| PAYO Payoneer Global Inc. | Reduce -12.8% | 0.52% | −0.30 |
| COIN Coinbase Global Inc. Class A | Reduce -6.7% | 0.85% | −0.30 |
| NET Cloudflare Inc. Class A | Reduce -14.3% | 0.65% | −0.19 |
| COMP Compass Inc. Class A | Reduce -16.7% | 0.41% | −0.06 |
| LSCC Lattice Semiconductor Corp. | Reduce -21.1% | 1.11% | −0.03 |
| IREN Iren Ltd. | Reduce -57.1% | 0.71% | +0.09 |
| SEDG Solaredge Technologies Inc. | Reduce -21.4% | 0.94% | +0.14 |
Portfolio Buys Q2 2025 → Q3 2025
| SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) | New | 3.17% | +3.17 |
| ORCL Oracle Corp. | New | 2.42% | +2.42 |
| SNOWFLAKE INC (SNOW 0 10/01/29) | New | 1.83% | +1.83 |
| TSLA Tesla Inc. | Add +55.0% | 4.06% | +1.79 |
| PANW Palo Alto Networks Inc. | New | 1.75% | +1.75 |
| GOOG Alphabet Inc. Class C | New | 1.59% | +1.59 |
| CHKP Check Point Software Tech | New | 1.57% | +1.57 |
| U Unity Software Inc. | Add +120.0% | 2.23% | +1.49 |
| AVGO Broadcom Inc. | Add +37.3% | 4.55% | +1.20 |
| INTC Intel Corp. | Add +27.0% | 3.19% | +1.16 |
| IBM Intl Business Machines Corp. | New | 1.14% | +1.14 |
| BOX INC (BOX 1.5 09/15/29) | New | 1.02% | +1.02 |
| TWLO Twilio Inc. Class A | New | 1.01% | +1.01 |
| CLBT Cellebrite Di Ltd. | Add +142.9% | 1.60% | +0.91 |
| VRNS Varonis Systems Inc. | New | 0.87% | +0.87 |
| CIEN Ciena Corp. | Add +58.3% | 1.40% | +0.80 |
| HUT Hut 8 Corp. | New | 0.79% | +0.79 |
| ENPH Enphase Energy Inc. | New | 0.72% | +0.72 |
| NICE Nice Ltd. - Spon ADR | Add +130.0% | 1.69% | +0.65 |
| AVAV Aerovironment Inc. | New | 0.62% | +0.62 |
| HPE Hewlett Packard Enterprise | New | 0.62% | +0.62 |
| SEI Solaris Energy Infrastructur | New | 0.61% | +0.61 |
| ALGM Allegro Microsystems Inc. | New | 0.59% | +0.59 |
| SUNRUN INC (RUN 4 03/01/30) | Add +120.0% | 0.76% | +0.53 |
| PENGUIN SOLUTIONS CAYMEN (PENG 2 08/15/30) | New | 0.51% | +0.51 |
| ZETA Zeta Global Holdings Corp. Class A | New | 0.50% | +0.50 |
| TTMI TTM Technologies | New | 0.44% | +0.44 |
| TXN Texas Instruments Inc. | Add +87.5% | 1.40% | +0.38 |
| SMWB Similarweb Ltd. | Add +14.9% | 2.18% | +0.24 |
| SPWR Sunpower Inc. | Add +129.2% | 0.31% | +0.14 |
| NFLX Netflix Inc. | Add +31.6% | 1.52% | −0.04 |
| MRVL Marvell Technology Inc. | Add +1.0% | 2.64% | −0.28 |
| AMZN Amazon.com Inc. | Add +10.3% | 7.61% | −0.74 |
| META Meta Platforms Inc. Class A | Add +1.7% | 7.50% | −1.48 |
Options Activity Q2 2025 → Q3 2025
| QQQ Invesco QQQ Trust Series 1 | put | Add +261.9% | 190,000 | $114.1M |
| S Sentinelone Inc. Class A | call | Add +28.6% | 180,000 | $3.2M |
| NICE Nice Ltd. - Spon ADR | call | Reduce -12.3% | 20,000 | $2.9M |
| INTC Intel Corp. | call | Sold out | 30,000 | $672Kbefore 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 |