MENORA MIVTACHIM HOLDINGS LTD.

CIK

1351917

Location

Ramat Gan, L3

Portfolio Value

Large $15,431,819,418

Diversification

Diversified

Filing Date

Global Rank

#328 / 7,976 ▲ 9

Top Industry

Semiconductors 16.1%

3Y Alpha vs SPY

+3.7%

Period ended 9 months ago

Filed Nov 13, 2025 · 7mo

23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+93.3%

SPY

+76.3%

Annualised alpha

+3.8%

Max drawdown

−21.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

73 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

9.5%

−0.9 pts

Top 5

37.9%

+1.2 pts

Top 10

56.1%

+0.0 pts

HHI

423

Diversified+5

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Technology	44.3%	$6,843,524,312	19
Healthcare	12.1%	$1,872,581,071	10
Communication Services	11.8%	$1,820,207,286	4
Financial Services	11.7%	$1,800,476,120	9
Consumer Cyclical	10.3%	$1,583,805,356	8
Consumer Defensive	4.3%	$658,725,001	6
Industrials	2.7%	$410,731,041	7
Real Estate	2.1%	$330,264,622	3
Energy	0.3%	$53,825,200	1
Utilities	0.3%	$44,837,976	2
Unclassified	0.1%	$12,124,519	2
Basic Materials	0.0%	$716,914	2

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

22 positions

Ticker	Company	Δ Shares	Shares	Value
GLBE	Global-E Online Ltd.	+1,268,504	1,296,424	$46,360,122
SMWB	Similarweb Ltd.	+881,652	3,208,394	$29,838,064
GEHC	GE HealthCare Technologies Inc.	+625,000	1,715,250	$128,815,275
SEDG	Solaredge Technologies, Inc.	+612,884	2,103,521	$77,830,277
PLD	Prologis, Inc.	+551,000	1,280,377	$146,628,774
CAMT	Camtek Ltd	+497,918	2,099,351	$220,536,822
TEVA	Teva Pharmaceutical Industries Ltd	+427,000	38,920,294	$786,189,938
BIRK	Birkenstock Holding plc	+300,000	1,071,000	$48,462,750
UNH	Unitedhealth Group Inc	+185,000	409,578	$141,427,283
GOOGL	Alphabet Inc.	+166,100	4,780,066	$1,162,034,044
TMO	Thermo Fisher Scientific Inc.	+132,700	304,632	$147,752,612
BRK-B	Berkshire Hathaway Inc	+125,350	573,501	$288,321,892
TSLA	Tesla, Inc.	+95,325	860,781	$382,806,526
MDWD	MediWound Ltd.	+61,039	78,539	$1,415,272
LLY	ELI LILLY & Co	+47,500	293,800	$224,169,400
WMT	Walmart Inc.	+4,400	2,196,244	$226,344,906
AAPL	Apple Inc.	+2,400	4,784,603	$1,218,303,461
AMAT	Applied Materials Inc /De	+2,000	1,697,664	$347,579,727
AMZN	Amazon Com Inc	+2,000	3,394,020	$745,224,971
QQQ	Invesco Qqq Trust, Series 1	+1,060	13,493	$8,100,792
V	Visa Inc.	+1,000	2,000	$682,760
MA	Mastercard Inc	+600	690,560	$392,797,433
No positions match the current search.

Trimmed

Positions the filer reduced

9 positions

Ticker	Company	Δ Shares	Shares	Value
CF	CF Industries Holdings, Inc.	−786,714	3,620	$324,714
TSEM	Tower Semiconductor Ltd	−323,964	1,703,343	$123,151,698
HWM	Howmet Aerospace Inc.	−155,000	440,450	$86,429,503
NVMI	Nova Ltd.	−99,650	1,165,333	$372,510,346
META	Meta Platforms, Inc.	−85,400	866,465	$636,314,566
CAT	Caterpillar Inc	−72,500	207,500	$99,008,625
NICE	NICE Ltd.	−20,768	1,639,269	$237,333,365
MU	Micron Technology Inc	−2,500	1,106,350	$185,114,482
MS	Morgan Stanley	−1,678	527,449	$83,843,293
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
ARE	Alexandria Real Estate Equities, Inc.	735,000	$61,254,900
KMB	Kimberly Clark Corp	450,000	$55,953,000
ELLO	Ellomay Capital Ltd.	945,000	$17,019,450
NFLX	Netflix Inc	62,500	$7,493,250
FCX	Freeport-Mcmoran Inc	10,000	$392,200
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
TECK	Teck Resources Ltd	2,528,373	$102,095,701
NEE	Nextera Energy Inc	715,000	$49,635,300
CROX	Crocs, Inc.	400,000	$40,512,000
ICL	ICL Group Ltd.	777,571	$5,349,688
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

73 positions · $15,431,819,418 total · as of Sep 30, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 73 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Held	2,843,415	0	$1,472,746,799	+4.1%	9.54%
AAPL	Apple Inc. Technology	Added	4,784,603	+2,400	$1,218,303,461	+24.2%	7.89%
NVDA	Nvidia Corp Technology	Held	6,440,985	0	$1,201,758,981	+18.1%	7.79%
GOOGL	Alphabet Inc. Communication Services	Added	4,780,066	+166,100	$1,162,034,044	+42.9%	7.53%
TEVA	Teva Pharmaceutical Industries Ltd Healthcare	Added	38,920,294	+427,000	$786,189,938	+21.9%	5.09%
AMZN	Amazon Com Inc Consumer Cyclical	Added	3,394,020	+2,000	$745,224,971	+0.1%	4.83%
META	Meta Platforms, Inc. Communication Services	Reduced	866,465	-85,400	$636,314,566	−9.4%	4.12%
AVGO	Broadcom Inc. Technology	Held	1,740,574	0	$574,232,768	+19.7%	3.72%
JPM	Jpmorgan Chase & Co Financial Services	Held	1,482,114	0	$467,503,219	+8.8%	3.03%
MA	Mastercard Inc Financial Services	Added	690,560	+600	$392,797,433	+1.3%	2.55%
TSLA	Tesla, Inc. Consumer Cyclical	Added	860,781	+95,325	$382,806,526	+57.4%	2.48%
NVMI	Nova Ltd. Technology	Reduced	1,165,333	-99,650	$372,510,346	+7.0%	2.41%
AMAT	Applied Materials Inc /De Technology	Added	1,697,664	+2,000	$347,579,727	+12.0%	2.25%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Held	1,096,731	0	$306,306,000	+23.3%	1.98%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	573,501	+125,350	$288,321,892	+32.4%	1.87%
ABBV	AbbVie Inc. Healthcare	Held	1,114,813	0	$258,123,802	+24.7%	1.67%
HD	Home Depot, Inc. Consumer Cyclical	Held	626,732	0	$253,945,539	+10.5%	1.65%
NICE	NICE Ltd. Technology	Reduced	1,639,269	-20,768	$237,333,365	−15.4%	1.54%
WMT	Walmart Inc. Consumer Defensive	Added	2,196,244	+4,400	$226,344,906	+5.6%	1.47%
LLY	ELI LILLY & Co Healthcare	Added	293,800	+47,500	$224,169,400	+16.8%	1.45%
CAMT	Camtek Ltd Technology	Added	2,099,351	+497,918	$220,536,822	+62.9%	1.43%
MU	Micron Technology Inc Technology	Reduced	1,106,350	-2,500	$185,114,482	+35.5%	1.20%
ALL	Allstate Corp Financial Services	Held	742,598	0	$159,398,660	+6.6%	1.03%
MTB	M&T Bank Corp Financial Services	Held	773,119	0	$152,783,776	+1.9%	0.99%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	304,632	+132,700	$147,752,612	+111.9%	0.96%
ABT	Abbott Laboratories Healthcare	Held	1,095,288	0	$146,702,874	−1.5%	0.95%
PLD	Prologis, Inc. Real Estate	Added	1,280,377	+551,000	$146,628,774	+91.2%	0.95%
APO	Apollo Global Management, Inc. Financial Services	Held	1,096,396	0	$146,116,694	−6.1%	0.95%
LRCX	Lam Research Corp Technology	Held	1,059,280	0	$141,837,592	+37.6%	0.92%
UNH	Unitedhealth Group Inc Healthcare	Added	409,578	+185,000	$141,427,283	+101.9%	0.92%
GEHC	GE HealthCare Technologies Inc. Healthcare	Added	1,715,250	+625,000	$128,815,275	+59.5%	0.83%
MDLZ	Mondelez International, Inc. Consumer Defensive	Held	2,013,770	0	$125,800,211	−7.4%	0.82%
KO	Coca Cola Co Consumer Defensive	Held	1,872,750	0	$124,200,780	−6.3%	0.80%
TSEM	Tower Semiconductor Ltd Technology	Reduced	1,703,343	-323,964	$123,151,698	+40.1%	0.80%
CBRE	Cbre Group, Inc. Real Estate	Held	776,726	0	$122,380,948	+12.4%	0.79%
ADBE	Adobe Inc. Technology	Held	346,680	0	$122,291,370	−8.8%	0.79%
UNP	Union Pacific Corp Industrials	Held	487,200	0	$115,159,464	+2.7%	0.75%
SPGI	S&P Global Inc. Financial Services	Held	224,011	0	$109,028,393	−7.7%	0.71%
CAT	Caterpillar Inc Industrials	Reduced	207,500	-72,500	$99,008,625	−8.9%	0.64%
UBER	Uber Technologies, Inc Technology	Held	980,183	0	$96,028,528	+5.0%	0.62%
MCD	Mcdonalds Corp Consumer Cyclical	Held	312,177	0	$94,867,468	+4.0%	0.61%
HWM	Howmet Aerospace Inc. Industrials	Reduced	440,450	-155,000	$86,429,503	−22.0%	0.56%
TXN	Texas Instruments Inc Technology	Held	464,887	0	$85,413,688	−11.5%	0.55%
PG	PROCTER & GAMBLE Co Consumer Defensive	Held	547,135	0	$84,067,292	−3.6%	0.54%
MS	Morgan Stanley Financial Services	Reduced	527,449	-1,678	$83,843,293	+12.5%	0.54%
SEDG	Solaredge Technologies, Inc. Technology	Added	2,103,521	+612,884	$77,830,277	+155.9%	0.50%
BA	Boeing Co Industrials	Held	311,000	0	$67,123,130	+3.0%	0.43%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	NEW	735,000	NEW	$61,254,900	NEW	0.40%
KMB	Kimberly Clark Corp Consumer Defensive	NEW	450,000	NEW	$55,953,000	NEW	0.36%
RRC	Range Resources Corp Energy	Held	1,430,000	0	$53,825,200	−7.5%	0.35%