Value Base Ltd.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 31, 2025), Value Base Ltd. reported 6 stock positions worth $174.9 million. Its top holding was Valens Semiconductor (VLN) at 31.0% of the portfolio, followed by Cognyte Software (CGNT, 30.2%) and Perion Network (PERI, 13.1%). Compared with Q1 2025, it sold out of 1, added to 3 and reduced 1. The biggest buy was Valens Semiconductor (VLN, shares +0%) and the biggest sale an exit from SHL Telemedicine Ltd.-ADR (SHLT).

Most Recent 13F
Q2 2026
Location
Tel Aviv, L3
CIK
0001992355
Portfolio Value
$174.9M (Q2 2025)
SEC Filing
0001178913-25-002555 ↗ filed Jul 31, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q4 2024: $163.2M Q4 2024 Q1 2025: $152.9M Q1 2025 Q2 2025: $174.9M $174.9M Q2 2025 Q3 2025: $141.2M Q3 2025 Q4 2025: $133.4M Q4 2025 Q1 2026: $126.7M Q1 2026 Q2 2026: $162.3M Q2 2026

Holdings 6 stocks · $174.9M
VLN Valens Semiconductor Ltd. 31.05% 20,653,400 $54.3M Add +0.0%
CGNT Cognyte Software Ltd. 30.21% 5,719,187 $52.8M No change
PERI Perion Network Ltd. 13.10% 2,258,736 $22.9M Reduce -2.2%
AUDC Audiocodes Ltd. 11.33% 2,018,976 $19.8M No change
TEAD Teads Holding Co. 7.59% 5,352,107 $13.3M Add +18.7%
RDCM Radcom Ltd. 6.72% 865,009 $11.8M Add +3.5%
Other holdings (1): bonds, preferreds, convertibles and warrants · $37K (not counted above)
SecurityClassShares / PrincipalValueChange
DRTSW Alpha Tau Medical Ltd. -27 *W EXP 99/99/999 152,761$37KNo change

Total filed on the 13F, all lines: $175.0M.

Portfolio Sells Q1 2025 → Q2 2025
SHLT SHL Telemedicine Ltd.-ADR Sold out 0.00% −1.28
PERI Perion Network Ltd. Reduce -2.2% 13.10% +0.81

Portfolio Buys Q1 2025 → Q2 2025
VLN Valens Semiconductor Ltd. Add +0.0% 31.05% +3.50
RDCM Radcom Ltd. Add +3.5% 6.72% +0.47
TEAD Teads Holding Co. Add +18.7% 7.59% −3.42

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 6$162.3MCGNT, VLN, AUDC, PERI, RDCM
Q1 2026 6$126.7MCGNT, VLN, AUDC, PERI, RDCM
Q4 2025 7$133.4MCGNT, VLN, AUDC, PERI, RDCM
Q3 2025 6$141.2MCGNT, VLN, AUDC, PERI, RDCM
Q2 2025 6$174.9MVLN, CGNT, PERI, AUDC, TEAD
Q1 2025 7$152.9MCGNT, VLN, AUDC, PERI, TEAD
Q4 2024 7$163.2MVLN, CGNT, TEAD, AUDC, RDCM