Ion Asset Management Ltd.

CIK

1603837

Location

George Town, Grand Cayman, E9

Portfolio Value

Micro $31,214,413

Diversification

Diversified

Filing Date

Global Rank

#1,965 / 7,983 ▼ 709

Top Industry

Drug Manufacturers - Specialty & Generic 21.1%

3Y Alpha vs SPY

+15.3%

Period ended 9 months ago

Filed Nov 14, 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

+154.4%

SPY

+78.1%

Annualised alpha

+15.3%

Max drawdown

−32.7%

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

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

Top Position

13.4%

−24.5 pts

Top 5

41.2%

−20.7 pts

Top 10

63.9%

−17.5 pts

HHI

558

Diversified−1,124

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Healthcare	23.5%	$194,789,978	4
Technology	20.3%	$168,153,083	13
Unclassified	14.1%	$117,373,257	4
Industrials	12.3%	$101,632,756	10
Energy	11.8%	$97,807,918	8
Real Estate	5.5%	$45,593,180	2
Consumer Cyclical	4.1%	$34,052,598	2
Consumer Defensive	3.8%	$31,214,413	2
Basic Materials	3.3%	$27,569,221	11
Financial Services	1.4%	$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
QQQ	Invesco Qqq Trust, Series 1	+45,800	120,000	$72,044,400
MNDY	monday.com Ltd.	+9,220	55,000	$10,652,950
BEKE	KE Holdings Inc.	+6,650	28,400	$539,600
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	$724,530
No positions match the current search.

Trimmed

Positions the filer reduced

25 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
IBIT	iShares Bitcoin Trust ETF	−450,000	40,000	$2,600,000
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
CVI	Cvr Energy Inc	−173,915	33,385	$1,217,884
SLV	iShares Silver Trust	−167,225	952,175	$40,343,654
TTMI	Ttm Technologies Inc	−157,179	16,000	$921,600
FCX	Freeport-Mcmoran Inc	−150,000	21,520	$844,014
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. / DE	−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
CRWV	CoreWeave, Inc.	146,900	$20,103,265
DD	DuPont de Nemours, Inc.	451,000	$14,699,939
FOLD	AMICUS THERAPEUTICS, INC.	872,411	$6,874,598
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
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
IMAX	Imax Corp	777,800	$21,747,288
ZIM	ZIM Integrated Shipping Services Ltd.	947,300	$15,242,057
TTD	Trade Desk, Inc.	80,000	$5,759,200
MTSI	MACOM Technology Solutions Holdings, Inc.	20,000	$2,865,800
VOYG	Voyager Technologies, Inc./DE	50,000	$1,962,500
PANW	Palo Alto Networks Inc	5,700	$1,166,448
KMI	Kinder Morgan, Inc.	28,700	$843,780
XOM	Exxon Mobil Corp	6,150	$662,970
PAA	Plains All American Pipeline LP	24,200	$443,344
COST	Costco Wholesale Corp /New	295	$292,032
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

2 positions · $31,214,413 total · Consumer Defensive only · as of Sep 30, 2025

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio	History
LW	Lamb Weston Holdings, Inc. Consumer Defensive	Reduced	524,905	-1,102,453	$30,486,482	−63.9%	97.67%
ADM	Archer-Daniels-Midland Co Consumer Defensive	NEW	12,185	NEW	$727,931	NEW	2.33%