In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Value Base Ltd. reported 6 stock positions worth $141.2 million . Its top holding was Cognyte Software (CGNT) at 34.0% of the portfolio, followed by Valens Semiconductor (VLN, 26.2% ) and Audiocodes (AUDC, 13.6% ). Compared with Q2 2025, it added to 2 and reduced 1. The biggest buy was Teads (TEAD, shares +7% ) and the biggest sale Perion Network (PERI, shares −31% ).
Location Tel Aviv, L3
CIK 0001992355
Portfolio Value $141.2M (Q3 2025) Holdings 6 stocks · $141.2M 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 Q2 2025 CGNT Cognyte Software Ltd. 5,719,187 $48.0M No change VLN Valens Semiconductor Ltd. 20,660,829 $37.0M Add +0.0% AUDC Audiocodes Ltd. 2,018,976 $19.2M No change PERI Perion Network Ltd. 1,551,423 $14.9M Reduce -31.3% RDCM Radcom Ltd. 865,009 $12.5M No change TEAD Teads Holding Co. 5,752,107 $9.5M Add +7.5%
Other holdings (1): bonds, preferreds, convertibles and warrants · $53K (not counted above) Security Class Shares / Principal Value Change DRTSW Alpha Tau Medical Ltd. -27 *W EXP 99/99/999 152,761 $53K No change
Total filed on the 13F, all lines: $141.2M.
Portfolio Sells Q2 2025 → Q3 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▲ PERI Perion Network Ltd. Reduce -31.3% 10.55% −2.55
Portfolio Buys Q2 2025 → Q3 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▼ TEAD Teads Holding Co. Add +7.5% 6.72% −0.86 VLN Valens Semiconductor Ltd. Add +0.0% 26.20% −4.85
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 6 $162.3M CGNT, VLN, AUDC, PERI, RDCM Q1 2026 6 $126.7M CGNT, VLN, AUDC, PERI, RDCM Q4 2025 7 $133.4M CGNT, VLN, AUDC, PERI, RDCM Q3 2025 6 $141.2M CGNT, VLN, AUDC, PERI, RDCM Q2 2025 6 $174.9M VLN, CGNT, PERI, AUDC, TEAD Q1 2025 7 $152.9M CGNT, VLN, AUDC, PERI, TEAD Q4 2024 7 $163.2M VLN, CGNT, TEAD, AUDC, RDCM