Sphera Management Technology Funds Ltd In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Sphera Management Technology Funds Ltd reported 54 stock positions worth $177.0 million . Its top holding was Amazon.com (AMZN) at 7.2% of the portfolio, followed by Microsoft (MSFT, 6.3% ) and Nvidia (NVDA, 6.2% ). Compared with Q4 2025, it opened 12 new positions, sold out of 17, added to 20 and reduced 14. The biggest buy was Alphabet Class C (GOOG, shares +92% ) and the biggest sale an exit from Unity Software (U).
Location TEL AVIV, L3
CIK 0002030525
Portfolio Value $177.0M (Q1 2026) Holdings 54 stocks · $177.0M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 AMZN Amazon.com Inc. 61,300 $12.8M Add +2.2% MSFT Microsoft Corp. 30,000 $11.1M Add +20.0% NVDA Nvidia Corp. 62,480 $10.9M Add +29.4% META Meta Platforms Inc. Class A 18,000 $10.3M Reduce -14.3% GOOG Alphabet Inc. Class C 30,820 $8.8M Add +92.4% TSLA Tesla Inc. 23,570 $8.8M Add +17.1% AVGO Broadcom Inc. 27,760 $8.6M Add +3.2% AMD Advanced Micro Devices 40,150 $8.2M Add +0.4% INTC Intel Corp. 131,980 $5.8M Reduce -17.5% SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) 3,000,000 $5.2M Reduce -36.2% ON SEMICONDUCTOR CORP (ON 0 05/01/27) 4,000,000 $5.2M No change NOW ServiceNow Inc. 35,300 $3.7M Add +283.7% PANW Palo Alto Networks Inc. 22,500 $3.6M Add +10.3% NFLX Netflix Inc. 35,300 $3.4M New ORCL Oracle Corp. 23,000 $3.4M Add +53.3% ADI Analog Devices Inc. 10,220 $3.3M Add +11.1% CAMT Camtek Ltd. 21,381 $3.2M Reduce -14.5% TWLO Twilio Inc. Class A 25,000 $3.1M No change KLAC KLA Corp. 2,000 $2.9M Add +22.3% UBER Uber Technologies Inc. 39,750 $2.9M Add +32.5% AMAT Applied Materials Inc. 8,100 $2.8M Reduce -52.8% TSM Taiwan Semiconductor-SP ADR 8,000 $2.7M Reduce -38.5% NVMI Nova Ltd. 6,000 $2.6M New TXN Texas Instruments Inc. 13,230 $2.6M Reduce -22.2% GNRC Generac Holdings Inc. 12,900 $2.5M New MDB Mongodb Inc. 10,000 $2.4M Add +78.6% SNOW Snowflake Inc. 15,500 $2.3M Add +118.3% CLBT Cellebrite Di Ltd. 154,950 $2.1M Add +93.7% NOK Nokia Corp.-Spon ADR 250,000 $2.0M Reduce -21.9% WMT Walmart Inc. 16,000 $2.0M New ANET Arista Networks Inc. 15,500 $1.9M New ENPH Enphase Energy Inc. 50,000 $1.9M Reduce -44.4% ALGM Allegro Microsystems Inc. 57,150 $1.8M Add +42.9% WIX Wix.com Ltd. 20,000 $1.8M Reduce -20.0% ON On Semiconductor 27,525 $1.7M New SMWB Similarweb Ltd. 615,000 $1.6M Add +28.1% UNITY SOFTWARE INC (U 0 03/15/30) 1,500,000 $1.5M New TTMI TTM Technologies 15,000 $1.5M Reduce -19.4% RBRK Rubrik Inc. Class A 27,800 $1.4M Add +21.9% COIN Coinbase Global Inc. Class A 7,400 $1.3M Add +48.0% LSCC Lattice Semiconductor Corp. 12,300 $1.1M Reduce -38.5% SMTC Semtech Corp. 14,500 $1.1M New MNDY Monday.com Ltd. 15,000 $1.0M New RTAC Renatus Tactical Acquisiti-A 100,000 $1.0M No change CRM Salesforce Inc. 5,500 $1.0M Reduce -54.2% TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 40,000 $908K New VARONIS SYSTEM INC (VRNS 1 09/15/29) 1,000,000 $874K Reduce -60.0% FSLR First Solar Inc. 4,000 $789K No change COMP Compass Inc. Class A 100,000 $731K No change SERV Serve Robotics Inc. 80,000 $675K No change AAOI Applied Optoelectronics Inc. 7,590 $642K New SPWR Sunpower Inc. 433,500 $551K No change S Sentinelone Inc. Class A 40,000 $515K New ODD Oddity Tech Ltd. Class A 35,000 $468K No change
Options reported separately and not counted above: CRWV puts ($720K).
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ U Unity Software Inc. Sold out 0.00% −2.31 META Meta Platforms Inc. Class A Reduce -14.3% 5.82% −1.44 MRVL Marvell Technology Inc. Sold out 0.00% −1.28 NICE Nice Ltd. - Spon ADR Sold out 0.00% −1.18 CRM Salesforce Inc. Reduce -54.2% 0.58% −1.08 FROG Jfrog Ltd. Sold out 0.00% −1.06 BOX INC (BOX 1.5 09/15/29) Sold out 0.00% −1.03 SNOWFLAKE INC (SNOW 0 10/01/29) Sold out 0.00% −0.81 COHR Coherent Corp. Sold out 0.00% −0.77 AMAT Applied Materials Inc. Reduce -52.8% 1.56% −0.74 VARONIS SYSTEM INC (VRNS 1 09/15/29) Reduce -60.0% 0.49% −0.73 ZETA Zeta Global Holdings Corp. Class A Sold out 0.00% −0.64 SANM Sanmina Corp. Sold out 0.00% −0.63 CIEN Ciena Corp. Sold out 0.00% −0.61 BILL HOLDINGS INC (BILL 0 04/01/30) Sold out 0.00% −0.60 VRNS Varonis Systems Inc. Sold out 0.00% −0.60 WDAY Workday Inc. Class A Sold out 0.00% −0.60 TSM Taiwan Semiconductor-SP ADR Reduce -38.5% 1.53% −0.54 PAYO Payoneer Global Inc. Sold out 0.00% −0.53 SEI Solaris Energy Infrastructur Sold out 0.00% −0.48 SEDG Solaredge Technologies Inc. Sold out 0.00% −0.45 OSCR Oscar Health Inc. Class A Sold out 0.00% −0.45 ENPH Enphase Energy Inc. Reduce -44.4% 1.07% −0.44 WIX Wix.com Ltd. Reduce -20.0% 1.02% −0.34 LSCC Lattice Semiconductor Corp. Reduce -38.5% 0.64% −0.13 TXN Texas Instruments Inc. Reduce -22.2% 1.45% −0.09 SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) Reduce -36.2% 2.93% +0.04 NOK Nokia Corp.-Spon ADR Reduce -21.9% 1.14% +0.05 TTMI TTM Technologies Reduce -19.4% 0.83% +0.15 INTC Intel Corp. Reduce -17.5% 3.29% +0.20 CAMT Camtek Ltd. Reduce -14.5% 1.83% +0.44
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ GOOG Alphabet Inc. Class C Add +92.4% 4.99% +2.36 NFLX Netflix Inc. New 1.92% +1.92 NVMI Nova Ltd. New 1.47% +1.47 NVDA Nvidia Corp. Add +29.4% 6.16% +1.44 GNRC Generac Holdings Inc. New 1.42% +1.42 NOW ServiceNow Inc. Add +283.7% 2.08% +1.35 WMT Walmart Inc. New 1.12% +1.12 ANET Arista Networks Inc. New 1.08% +1.08 ON On Semiconductor New 0.96% +0.96 UNITY SOFTWARE INC (U 0 03/15/30) New 0.85% +0.85 SMTC Semtech Corp. New 0.63% +0.63 KLAC KLA Corp. Add +22.3% 1.66% +0.62 MNDY Monday.com Ltd. New 0.59% +0.59 ADI Analog Devices Inc. Add +11.1% 1.84% +0.53 TTD Trade Desk Inc./the Class A New 0.51% +0.51 SNOW Snowflake Inc. Add +118.3% 1.32% +0.51 ALGM Allegro Microsystems Inc. Add +42.9% 1.02% +0.47 CLBT Cellebrite Di Ltd. Add +93.7% 1.21% +0.45 ORCL Oracle Corp. Add +53.3% 1.91% +0.38 AAOI Applied Optoelectronics Inc. New 0.36% +0.36 UBER Uber Technologies Inc. Add +32.5% 1.62% +0.33 S Sentinelone Inc. Class A New 0.29% +0.29 TSLA Tesla Inc. Add +17.1% 4.95% +0.21 MDB Mongodb Inc. Add +78.6% 1.38% +0.15 COIN Coinbase Global Inc. Class A Add +48.0% 0.73% +0.14 AMD Advanced Micro Devices Add +0.4% 4.61% +0.13 PANW Palo Alto Networks Inc. Add +10.3% 2.04% +0.07 AVGO Broadcom Inc. Add +3.2% 4.85% −0.02 AMZN Amazon.com Inc. Add +2.2% 7.21% −0.03 MSFT Microsoft Corp. Add +20.0% 6.27% −0.05 RBRK Rubrik Inc. Class A Add +21.9% 0.77% −0.14 SMWB Similarweb Ltd. Add +28.1% 0.91% −0.97
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Sold out 155,000 $95.2Mbefore exit NICE Nice Ltd. - Spon ADR call Sold out 35,000 $4.0Mbefore exit S Sentinelone Inc. Class A call Sold out 180,000 $2.7Mbefore exit CRWV Coreweave Inc. Class A put New 9,300 $720K
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