ION Fund Management Ltd

CIK

2105906

Location

Herzliya, L3

Portfolio Value

Small $701,603,924

Diversification

Diversified

Filing Date

Global Rank

#2,162 / 8,603 ▼ 194 · as of Mar 2026

Top Industry

Drug Manufacturers - Specialty & Generic 16.7%

3Y Alpha vs SPY

+4.3%

Period ended 3 months ago

Filed May 15, 2026 · 55d

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jul 2026 · vs SPY

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

Cloned portfolio

+10.6%

SPY

+9.6%

Annualised alpha

+2.8%

Max drawdown

−8.6%

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

57 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

16.6%

+2.0 pts

Top 5

46.4%

+9.0 pts

Top 10

68.2%

+10.0 pts

HHI

654

Diversified+135

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	25.9%	$181,455,687	3
Technology	22.8%	$159,938,934	13
Energy	20.7%	$145,518,216	11
Industrials	17.5%	$122,616,396	11
Consumer Cyclical	6.4%	$44,684,630	3
Basic Materials	5.2%	$36,524,835	9
Unclassified	0.7%	$5,077,227	3
Financial Services	0.7%	$5,041,110	3
Consumer Defensive	0.1%	$746,889	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
SHC	Sotera Health Co	+1,183,390	1,193,390	$17,113,212
NXE	NexGen Energy Ltd.	+621,260	2,618,200	$30,371,120
SEDG	Solaredge Technologies, Inc.	+307,690	1,103,690	$56,343,374
RIG	Transocean Ltd.	+92,277	4,488,400	$29,758,092
ILMN	Illumina, Inc.	+58,200	390,200	$48,096,052
GLBE	Global-E Online Ltd.	+55,000	155,000	$4,781,750
Q	Qnity Electronics, Inc.	+17,300	221,600	$25,568,208
SLB	Slb Limited/Nv	+8,470	32,470	$1,668,633
HAL	Halliburton Co	+5,725	42,025	$1,638,554
AMZN	Amazon Com Inc	+4,000	24,000	$4,998,480
SCCO	Southern Copper Corp/	+51	6,168	$1,050,758
No positions match the current search.

Trimmed

Positions the filer reduced

16 positions

Ticker	Company	Δ Shares	Shares	Value
VALE	Vale S.A.	−494,000	1,813,100	$28,846,421
DK	Delek US Holdings, Inc.	−397,601	1,370,000	$61,745,900
SLV	iShares Silver Trust	−325,375	20,100	$1,369,614
CHKP	Check Point Software Technologies Ltd	−228,122	26,000	$3,714,100
TEVA	Teva Pharmaceutical Industries Ltd	−190,557	3,859,443	$116,246,423
AER	AerCap Holdings N.V.	−140,000	125,000	$17,147,500
XYZ	Block, Inc.	−100,000	80,000	$4,814,400
OKTA	Okta, Inc.	−60,000	40,000	$3,148,400
CIEN	Ciena Corp	−48,335	27,665	$10,740,382
TTMI	Ttm Technologies Inc	−40,000	100,000	$9,742,000
DAC	Danaos Corp	−38,693	381,122	$42,929,582
NMM	Navios Maritime Partners L.P.	−35,056	430,944	$29,080,101
IBKR	Interactive Brokers Group, Inc.	−30,000	40,000	$2,682,800
PHIN	Phinia Inc.	−5,000	510,000	$34,904,400
GLD	Spdr Gold Trust	−1,490	5,045	$2,170,813
AEM	Agnico Eagle Mines Ltd	−800	9,200	$1,867,416
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
UCTT	Ultra Clean Holdings, Inc.	349,852	$21,753,797
FLS	Flowserve Corp	197,000	$14,481,470
FLR	Fluor Corp	299,200	$13,957,680
PBR	Petrobras - Petroleo Brasileiro SA	672,000	$13,944,000
ONTO	Onto Innovation Inc.	30,000	$6,152,100
LFUS	Littelfuse Inc /De	8,000	$2,714,800
PYPL	PayPal Holdings, Inc.	30,000	$1,356,900
MSI	Motorola Solutions, Inc.	3,000	$1,301,910
ITUB	Itau Unibanco Holding S.A.	119,500	$1,001,410
AEIS	Advanced Energy Industries Inc	3,000	$968,130
COP	Conocophillips	6,050	$798,600
SUZ	Suzano S.A.	75,000	$750,750
ADM	Archer-Daniels-Midland Co	10,275	$746,889
BAK	Braskem SA	115,700	$423,462
No positions match the current search.

Sold Out

Positions the filer fully exited

15 positions

Ticker	Company	Shares	Value
DD	DuPont de Nemours, Inc.	449,610	$54,222,966
TEAM	Atlassian Corp	230,700	$37,405,698
FCX	Freeport-Mcmoran Inc	650,000	$33,013,500
CSGP	Costar Group, Inc.	461,000	$30,997,640
PRGO	PERRIGO Co plc	1,760,000	$24,499,200
LW	Lamb Weston Holdings, Inc.	562,314	$23,555,333
VRNS	Varonis Systems Inc	480,000	$15,744,000
MNDY	monday.com Ltd.	30,000	$4,426,800
META	Meta Platforms, Inc.	6,000	$3,960,540
MSFT	Microsoft Corp	8,000	$3,868,960
FRSH	Freshworks Inc.	250,000	$3,062,500
MICC	Magnum Ice Cream Co N.V.	127,691	$2,023,902
WPM	Wheaton Precious Metals Corp.	13,695	$1,609,436
CMI	Cummins Inc	3,085	$1,574,738
CRCL	Circle Internet Group, Inc.	10,000	$793,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

57 positions · $701,603,924 total · as of Mar 31, 2026

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

Showing 1–50 of 57 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TEVA	Teva Pharmaceutical Industries Ltd Healthcare	Reduced	3,859,443	-190,557	$116,246,423	−8.0%	16.57%
DK	Delek US Holdings, Inc. Energy	Reduced	1,370,000	-397,601	$61,745,900	+17.8%	8.80%
SEDG	Solaredge Technologies, Inc. Technology	Added	1,103,690	+307,690	$56,343,374	+145.3%	8.03%
ILMN	Illumina, Inc. Healthcare	Added	390,200	+58,200	$48,096,052	+10.5%	6.86%
DAC	Danaos Corp Industrials	Reduced	381,122	-38,693	$42,929,582	+8.6%	6.12%
PHIN	Phinia Inc. Consumer Cyclical	Reduced	510,000	-5,000	$34,904,400	+8.1%	4.97%
NXE	NexGen Energy Ltd. Energy	Added	2,618,200	+621,260	$30,371,120	+65.3%	4.33%
RIG	Transocean Ltd. Energy	Added	4,488,400	+92,277	$29,758,092	+63.9%	4.24%
NMM	Navios Maritime Partners L.P. Industrials	Reduced	430,944	-35,056	$29,080,101	+19.0%	4.14%
VALE	Vale S.A. Basic Materials	Reduced	1,813,100	-494,000	$28,846,421	−4.0%	4.11%
Q	Qnity Electronics, Inc. Technology	Added	221,600	+17,300	$25,568,208	+53.3%	3.64%
UCTT	Ultra Clean Holdings, Inc. Technology	NEW	349,852	NEW	$21,753,797	NEW	3.10%
AER	AerCap Holdings N.V. Industrials	Reduced	125,000	-140,000	$17,147,500	−55.0%	2.44%
SHC	Sotera Health Co Healthcare	Added	1,193,390	+1,183,390	$17,113,212	+9601.4%	2.44%
FLS	Flowserve Corp Industrials	NEW	197,000	NEW	$14,481,470	NEW	2.06%
FLR	Fluor Corp Industrials	NEW	299,200	NEW	$13,957,680	NEW	1.99%
PBR	Petrobras - Petroleo Brasileiro SA Energy	NEW	672,000	NEW	$13,944,000	NEW	1.99%
CRWV	CoreWeave, Inc. Technology	Held	146,900	0	$11,380,343	+8.2%	1.62%
CIEN	Ciena Corp Technology	Reduced	27,665	-48,335	$10,740,382	−39.6%	1.53%
TTMI	Ttm Technologies Inc Technology	Reduced	100,000	-40,000	$9,742,000	+0.8%	1.39%
ONTO	Onto Innovation Inc. Technology	NEW	30,000	NEW	$6,152,100	NEW	0.88%
AMZN	Amazon Com Inc Consumer Cyclical	Added	24,000	+4,000	$4,998,480	+8.3%	0.71%
XYZ	Block, Inc. Technology	Reduced	80,000	-100,000	$4,814,400	−58.9%	0.69%
GLBE	Global-E Online Ltd. Consumer Cyclical	Added	155,000	+55,000	$4,781,750	+21.6%	0.68%
CHKP	Check Point Software Technologies Ltd Technology	Reduced	26,000	-228,122	$3,714,100	−92.1%	0.53%
OKTA	Okta, Inc. Technology	Reduced	40,000	-60,000	$3,148,400	−63.6%	0.45%
LFUS	Littelfuse Inc /De Technology	NEW	8,000	NEW	$2,714,800	NEW	0.39%
IBKR	Interactive Brokers Group, Inc. Financial Services	Reduced	40,000	-30,000	$2,682,800	−40.4%	0.38%
PANW	Palo Alto Networks Inc Technology	Held	16,000	0	$2,565,120	−13.0%	0.37%
GLD	Spdr Gold Trust	Reduced	5,045	-1,490	$2,170,813	−16.2%	0.31%
PARR	Par Pacific Holdings, Inc. Energy	Held	32,065	0	$2,008,551	+78.3%	0.29%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	9,200	-800	$1,867,416	+10.2%	0.27%
SLB	Slb Limited/Nv Energy	Added	32,470	+8,470	$1,668,633	+81.2%	0.24%
HAL	Halliburton Co Energy	Added	42,025	+5,725	$1,638,554	+59.7%	0.23%
VAL	Valaris Ltd Energy	Held	16,275	0	$1,595,601	+94.5%	0.23%
IBIT	iShares Bitcoin Trust ETF	Held	40,000	0	$1,536,800	−22.6%	0.22%
SLV	iShares Silver Trust	Reduced	20,100	-325,375	$1,369,614	−93.8%	0.20%
PYPL	PayPal Holdings, Inc. Financial Services	NEW	30,000	NEW	$1,356,900	NEW	0.19%
MSI	Motorola Solutions, Inc. Technology	NEW	3,000	NEW	$1,301,910	NEW	0.19%
CVI	Cvr Energy Inc Energy	Held	33,385	0	$1,123,405	+32.3%	0.16%
NTR	Nutrien Ltd. Basic Materials	Held	14,150	0	$1,067,759	+22.3%	0.15%
SCCO	Southern Copper Corp/ Basic Materials	Added	6,168	+51	$1,050,758	+21.9%	0.15%
RGLD	Royal Gold Inc Basic Materials	Held	4,100	0	$1,043,409	+14.5%	0.15%
ITUB	Itau Unibanco Holding S.A. Financial Services	NEW	119,500	NEW	$1,001,410	NEW	0.14%
AEIS	Advanced Energy Industries Inc Industrials	NEW	3,000	NEW	$968,130	NEW	0.14%
NSC	Norfolk Southern Corp Industrials	Held	3,335	0	$957,145	−0.6%	0.14%
GLNG	Golar Lng Ltd Energy	Held	16,000	0	$865,760	+45.4%	0.12%
GNK	Genco Shipping & Trading Ltd Industrials	Held	36,465	0	$822,285	+22.4%	0.12%
RTX	RTX Corp Industrials	Held	4,150	0	$800,535	+5.2%	0.11%
COP	Conocophillips Energy	NEW	6,050	NEW	$798,600	NEW	0.11%