Ion Asset Management Ltd.

CIK

1603837

Location

George Town, Grand Cayman, E9

Portfolio Value

Small $900,422,400

Diversification

Diversified

Reports for

ION Tech Ltd

Filing Date

Global Rank

#2,188 / 8,106 ▼ 826 · as of Sep 2025

Top Industry

Drug Manufacturers - Specialty & Generic 20.7%

Period ended 1 year ago

Filed Nov 14, 2025 · 11mo

23 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2025, never from the firm's own description.

Style

Concentrated

The top 10 positions are 63.8% of the book (60%+)

Turnover

Medium turnover

33.2% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 8.1 quarters, but 3.8% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2025-09-30, active share 96.8%; sector active share 39.3% against the combined 13F book's sector weights.

Over time 23 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

63 tracked positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

12.4%

−24.4 pts

Top 5

39.3%

−20.7 pts

Top 10

61.3%

−18.3 pts

HHI

526

Diversified−1,066

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Healthcare	20.9%	$187,915,380	4
Unclassified	19.4%	$174,575,830	8
Technology	18.7%	$168,153,083	13
Industrials	11.3%	$101,632,756	10
Energy	10.9%	$97,807,918	8
Basic Materials	5.3%	$48,014,542	11
Real Estate	5.1%	$45,593,180	2
Consumer Cyclical	3.8%	$34,052,598	2
Consumer Defensive	3.5%	$31,214,413	2
Financial Services	1.3%	$11,462,700	3

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
NXE	NexGen Energy Ltd.	+2,281,100	2,348,100	$21,015,495
RIG	Transocean Ltd.	+297,679	4,197,679	$13,096,758
MNDY	monday.com Ltd.	+9,220	55,000	$10,652,950
BEKE	KE Holdings Inc.	+6,650	28,400	$539,600
CVI	Cvr Energy Inc	+5,685	33,385	$1,217,884
PARR	Par Pacific Holdings, Inc.	+5,260	36,860	$1,305,581
GLNG	Golar Lng Ltd	+5,195	16,000	$646,560
SCCO	Southern Copper Corp	+60	6,066	$736,900
No positions match the current search.

Trimmed

Positions the filer reduced

23 positions

Ticker	Company	Δ Shares	Shares	Value
TEVA	Teva Pharmaceutical Industries Ltd	−32,837,875	5,510,000	$111,302,000
PRGO	PERRIGO Co plc	−2,057,621	1,760,000	$39,195,200
DK	Delek US Holdings, Inc.	−1,898,890	1,845,000	$59,538,150
LW	Lamb Weston Holdings, Inc.	−1,102,453	524,905	$30,486,482
CIEN	Ciena Corp	−999,340	211,924	$30,870,969
AER	AerCap Holdings N.V.	−648,983	300,000	$36,300,000
CSGP	Costar Group, Inc.	−635,833	534,000	$45,053,580
ILMN	Illumina, Inc.	−356,921	394,000	$37,418,180
NMM	Navios Maritime Partners L.P.	−351,963	466,000	$20,993,300
DAC	Danaos Corp	−259,963	394,345	$35,416,124
GDX	VanEck Gold Miners ETF	−254,225	724,745	$55,370,518
SLV	iShares Silver Trust	−167,225	952,175	$40,343,654
TTMI	Ttm Technologies Inc	−157,179	16,000	$921,600
DT	Dynatrace, Inc.	−100,000	200,000	$9,690,000
PHIN	Phinia Inc.	−91,943	533,469	$30,663,798
XYZ	Block, Inc.	−50,000	130,000	$9,395,100
UAN	Cvr Partners, LP	−46,207	40,393	$3,640,217
OKTA	Okta, Inc.	−36,871	130,000	$11,921,000
MP	MP Materials Corp.	−18,445	12,985	$870,903
KTOS	Kratos Defense & Security Solutions, Inc.	−5,455	12,285	$1,122,480
EOG	Eog Resources Inc	−3,500	2,000	$224,240
LITE	Lumentum Holdings Inc.	−1,186	8,000	$1,301,680
AEM	Agnico Eagle Mines Ltd	−540	10,530	$1,774,936
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
CHKP	Check Point Software Technologies Ltd	258,615	$53,510,029
DD	DuPont de Nemours, Inc.	451,000	$35,132,890
VRNS	Varonis Systems Inc	90,000	$5,172,300
VIA	Via Transportation, Inc.	100,000	$4,808,000
CRS	Carpenter Technology Corp	16,400	$4,026,856
MBLY	Mobileye Global Inc.	240,000	$3,388,800
KLAR	Klarna Group plc	50,000	$1,832,500
VALE	Vale S.A.	81,800	$888,348
TSM	Taiwan Semiconductor Manufacturing Co Ltd	3,000	$837,870
ADM	Archer-Daniels-Midland Co	12,185	$727,931
KSA	iShares MSCI Saudi Arabia ETF	26,300	$0
—		872,411	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
IMAX	Imax Corp	777,800	$21,747,288
TTD	Trade Desk, Inc.	80,000	$5,759,200
MTSI	MACOM Technology Solutions Holdings, Inc.	20,000	$2,865,800
VOYG	Voyager Technologies, Inc.	50,000	$1,962,500
PANW	Palo Alto Networks Inc	5,700	$1,166,448
KMI	Kinder Morgan, Inc.	28,700	$843,780
XOM	ExxonMobil Holdings Corp	6,150	$662,970
PAA	Plains All American Pipeline LP	24,200	$443,344
COST	Costco Wholesale Corp	295	$292,032
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

63 tracked positions · $900,422,400 total · filing declares 67 positions · $910,569,749 · as of Sep 30, 2025

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

Showing 1–50 of 63 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
TEVA	Teva Pharmaceutical Industries Ltd Healthcare	Reduced	5,510,000	-32,837,875	$111,302,000	−82.7%	12	$10.03	12.36%
QQQ	Invesco Qqq Trust, Series 1 PUT	Added	120,000	+45,800	$72,044,400	+76.0%	—	—	8.00%
DK	Delek US Holdings, Inc. Energy	Reduced	1,845,000	-1,898,890	$59,538,150	−24.9%	14	$24.29	6.61%
GDX	VanEck Gold Miners ETF	Reduced	724,745	-254,225	$55,370,518	+8.6%	6	unpriced	6.15%
CHKP	Check Point Software Technologies Ltd Technology	NEW	258,615	NEW	$53,510,029	NEW	1	$201.52	5.94%
CSGP	Costar Group, Inc. Real Estate	Reduced	534,000	-635,833	$45,053,580	−52.1%	4	$77.61	5.00%
SLV	iShares Silver Trust	Reduced	952,175	-167,225	$40,343,654	+9.8%	15	$22.14	4.48%
PRGO	PERRIGO Co plc Healthcare	Reduced	1,760,000	-2,057,621	$39,195,200	−61.6%	6	$27.49	4.35%
ILMN	Illumina, Inc. Healthcare	Reduced	394,000	-356,921	$37,418,180	−47.8%	6	unpriced	4.16%
AER	AerCap Holdings N.V. Industrials	Reduced	300,000	-648,983	$36,300,000	−67.3%	8	$70.46	4.03%
DAC	Danaos Corp Industrials	Reduced	394,345	-259,963	$35,416,124	−37.2%	10	$71.84	3.93%
DD	DuPont de Nemours, Inc. Basic Materials	NEW	451,000	NEW	$35,132,890	NEW	1	$75.07	3.90%
CIEN	Ciena Corp Technology	Reduced	211,924	-999,340	$30,870,969	−68.7%	23+	before history	3.43%
PHIN	Phinia Inc. Consumer Cyclical	Reduced	533,469	-91,943	$30,663,798	+10.2%	9	$29.38	3.41%
LW	Lamb Weston Holdings, Inc. Consumer Defensive	Reduced	524,905	-1,102,453	$30,486,482	−63.9%	2	$53.55	3.39%
NXE	NexGen Energy Ltd. Energy	Added	2,348,100	+2,281,100	$21,015,495	+4419.7%	2	$7.32	2.33%
NMM	Navios Maritime Partners L.P. Industrials	Reduced	466,000	-351,963	$20,993,300	−31.9%	6	$51.00	2.33%
CRWV	CoreWeave, Inc. PUT Technology	NEW	146,900	NEW	$20,103,265	NEW	—	—	2.23%
RIG	Transocean Ltd. Energy	Added	4,197,679	+297,679	$13,096,758	+29.7%	12	$4.94	1.45%
OKTA	Okta, Inc. Technology	Reduced	130,000	-36,871	$11,921,000	−28.5%	5	$78.36	1.32%
MNDY	monday.com Ltd. Technology	Added	55,000	+9,220	$10,652,950	−26.0%	8	$186.48	1.18%
DT	Dynatrace, Inc. Technology	Reduced	200,000	-100,000	$9,690,000	−41.5%	16	$52.57	1.08%
XYZ	Block, Inc. Technology	Reduced	130,000	-50,000	$9,395,100	−23.2%	5	$69.06	1.04%
ITRI	Itron, Inc. Technology	Held	72,000	0	$8,968,320	−5.4%	7	$84.58	1.00%
ETOR	eToro Group Ltd. Financial Services	Held	200,000	0	$8,254,000	−38.0%	2	$64.42	0.92%
VRNS	Varonis Systems Inc Technology	NEW	90,000	NEW	$5,172,300	NEW	1	$55.48	0.57%
VIA	Via Transportation, Inc. Technology	NEW	100,000	NEW	$4,808,000	NEW	1	unpriced	0.53%
CRS	Carpenter Technology Corp Industrials	NEW	16,400	NEW	$4,026,856	NEW	1	$255.72	0.45%
UAN	Cvr Partners, LP Basic Materials	Reduced	40,393	-46,207	$3,640,217	−52.7%	14	$125.92	0.40%
MBLY	Mobileye Global Inc. Consumer Cyclical	NEW	240,000	NEW	$3,388,800	NEW	1	$14.87	0.38%
IBIT	iShares Bitcoin Trust ETF	Reduced	40,000	-450,000	$2,600,000	−91.3%	7	$31.19	0.29%
GLD	Spdr Gold Trust	Held	6,710	0	$2,385,203	+16.6%	15	$206.72	0.26%
KLAR	Klarna Group plc Financial Services	NEW	50,000	NEW	$1,832,500	NEW	1	unpriced	0.20%
GDXJ	VanEck Junior Gold Miners ETF	Held	18,500	0	$1,832,055	+46.5%	5	unpriced	0.20%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	10,530	-540	$1,774,936	+34.8%	5	$83.04	0.20%
WPM	Wheaton Precious Metals Corp. Basic Materials	Held	13,695	0	$1,531,648	+24.5%	6	$56.13	0.17%
IBKR	Interactive Brokers Group, Inc. Financial Services	Held	20,000	0	$1,376,200	+24.2%	2	unpriced	0.15%
PARR	Par Pacific Holdings, Inc. Energy	Added	36,860	+5,260	$1,305,581	+55.7%	2	$20.98	0.14%
CMI	Cummins Inc Industrials	Held	3,085	0	$1,303,011	+29.0%	6	$292.06	0.14%
LITE	Lumentum Holdings Inc. Technology	Reduced	8,000	-1,186	$1,301,680	+49.1%	2	$70.96	0.14%
CVI	Cvr Energy Inc Energy	Reduced	33,385	-173,915	$1,217,884	−78.1%	2	$23.36	0.14%
KTOS	Kratos Defense & Security Solutions, Inc. Industrials	Reduced	12,285	-5,455	$1,122,480	+36.2%	2	$36.21	0.12%
MOS	Mosaic Co Basic Materials	Held	27,150	0	$941,562	−4.9%	2	$32.04	0.10%
TTMI	Ttm Technologies Inc Technology	Reduced	16,000	-157,179	$921,600	−87.0%	7	$21.35	0.10%
VALE	Vale S.A. Basic Materials	NEW	81,800	NEW	$888,348	NEW	1	$10.21	0.10%
MP	MP Materials Corp. Basic Materials	Reduced	12,985	-18,445	$870,903	−16.7%	2	$25.52	0.10%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	21,520	-150,000	$844,014	−88.6%	11	$40.25	0.09%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	NEW	3,000	NEW	$837,870	NEW	1	$244.54	0.09%
NTR	Nutrien Ltd. Basic Materials	Held	14,150	0	$830,746	+0.8%	3	$51.16	0.09%
RGLD	Royal Gold Inc Basic Materials	Held	4,100	0	$822,378	+12.8%	2	$177.03	0.09%

Showing the top 50 of 63 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.