CIK: 0002105906
Total reported value
$706.7M
Reporting period: 2026-03-31 · Number of holdings: 68
ION Fund Management Ltd disclosed 68 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $706.7M and a quarterly turnover rate of 69.2%.
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ION Fund Management Ltd's disclosed holdings carry a Herfindahl concentration index of 0.065 — mathematically equivalent to about 16 equally-sized positions, well below its 68 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.71), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 69% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add SEDG
+38.7% $33.4M
Trim CHKP
-89.8% -$43.4M
Add DK
-22.5% $9.3M
Trim SLV
-94.2% -$20.9M
Add SHC
+11833.9% $16.9M
Add NXE
+31.1% $12.0M
Showing top 60 holdings (of 68 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TEVA | Teva Pharmaceutical-sp Adr | Stock-Healthcare | 16.45% | +1.71% | -4.71% | |
| 2 | DK | Delek US Holdings INC | Stock-Other | 8.74% | +2.63% | -22.49% | |
| 3 | SEDG | Solaredge Technologies INC | Stock-Tech | 7.97% | +5.29% | +38.65% | |
| 4 | ILMN | Illumina INC | Stock-Healthcare | 6.81% | +1.73% | +17.53% | |
| 5 | DAC | Danaos Corporation | Stock-Other | 6.07% | +1.46% | -9.22% | |
| 6 | PHIN | Phinia INC | Stock-Consumer Disc | 4.94% | +1.17% | -0.97% | |
| 7 | NXE | Nexgen Energy LTD | Stock-Other | 4.30% | +2.16% | +31.11% | |
| 8 | RIG | Transocean Ltd. | Stock-Energy | 4.21% | +2.09% | +2.10% | |
| 9 | NMM | Navios Maritime Partners L.P. | Stock-Other | 4.12% | +1.27% | -7.52% | |
| 10 | VALE | Vale Sa-sp Adr | Stock-Materials | 4.08% | +0.57% | -21.41% | |
| 11 | Q | Qnity Electronics INC | Stock-Tech | 3.62% | +1.67% | +8.47% | |
| 12 | UCTT | Ultra Clean Holdings INC | Stock-Other | 3.08% | +3.08% | NEW | |
| 13 | AER | AerCap Holdings N.V. | Stock-Industrials | 2.43% | -2.01% | -52.83% | |
| 14 | SHC | Sotera Health Co | Stock-Other | 2.42% | +2.40% | +11833.90% | |
| 15 | FLS | Flowserve CORP | Stock-Industrials | 2.05% | +2.05% | NEW | |
| 16 | FLR | Fluor CORP | Stock-Industrials | 1.98% | +1.98% | NEW | |
| 17 | PBR | Petroleo Brasileiro-spon Adr | Stock-Energy | 1.97% | +1.97% | NEW | |
| 18 | CRWV | Coreweave Inc-cl A | Stock-Tech | 1.61% | +0.38% | — | |
| 19 | CIEN | Ciena CORP | Stock-Tech | 1.52% | -0.55% | -63.60% | |
| 20 | TTMI | Ttm Technologies | Stock-Tech | 1.38% | — | -28.57% | |
| 21 | ONTO | Onto Innovation INC | Stock-Tech | 0.87% | +0.87% | NEW | |
| 22 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.71% | — | +20.00% | |
| 23 | XYZ | Block INC | Stock-Financials | 0.68% | -0.69% | -55.56% | |
| 24 | GLBE | Global-E Online Ltd. | Stock-Other | 0.68% | +0.22% | +55.00% | |
| 25 | CHKP | Check Point Software Technologies Ltd. | Stock-Tech | 0.53% | -4.97% | -89.77% | |
| 26 | OKTA | Okta INC | Stock-Tech | 0.45% | -0.56% | -60.00% | |
| 27 | LFUS | Littelfuse INC | Stock-Tech | 0.38% | +0.38% | NEW | |
| 28 | IBKR | Interactive Brokers Gro-cl A | Stock-Financials | 0.38% | -0.15% | -42.86% | |
| 29 | PANW | Palo Alto Networks INC | Stock-Tech | 0.36% | — | — | |
| 30 | GLD | Spdr Gold Shares | ETF-Commodities | 0.31% | — | -22.80% | |
| 31 | GDXJ | Vaneck Junior Gold Miners | ETF-Commodities | 0.30% | — | — | |
| 32 | PARR | Par Pacific Holdings INC | Stock-Energy | 0.28% | +0.15% | — | |
| 33 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 0.26% | — | -8.00% | |
| 34 | SLB | Slb LTD | Stock-Energy | 0.24% | — | +35.29% | |
| 35 | HAL | Halliburton Co | Stock-Energy | 0.23% | — | +15.77% | |
| 36 | VAL | Valaris Limited | Stock-Energy | 0.23% | — | — | |
| 37 | XOM | Exxon Mobil CORP | Stock-Energy | 0.22% | — | +12.91% | |
| 38 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 0.22% | — | — | |
| 39 | SIL | Global X Silver Miners ETF | ETF-Commodities | 0.20% | -0.08% | -46.26% | |
| 40 | SLV | Ishares Silver Trust | ETF-Commodities | 0.19% | -2.41% | -94.18% | |
| 41 | PYPL | Paypal Holdings INC | Stock-Financials | 0.19% | +0.19% | NEW | |
| 42 | MSI | Motorola Solutions INC | Stock-Tech | 0.18% | +0.18% | NEW | |
| 43 | CVI | Cvr Energy INC | Stock-Other | 0.16% | — | — | |
| 44 | NTR | Nutrien LTD | Stock-Materials | 0.15% | — | — | |
| 45 | SCCO | Southern Copper CORP | Stock-Materials | 0.15% | — | +0.83% | |
| 46 | RGLD | Royal Gold INC | Stock-Materials | 0.15% | — | — | |
| 47 | ITUB | Itau Unibanco H-spon Prf Adr | Stock-Financials | 0.14% | +0.14% | NEW | |
| 48 | AEIS | Advanced Energy Industries | Stock-Industrials | 0.14% | +0.14% | NEW | |
| 49 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.14% | — | — | |
| 50 | GLNG | Golar LNG Limited | Stock-Energy | 0.12% | — | — |
Performance for Q3 2026
+10.4%
Performance Last 4 Quarters
+11.8%
Based on 5 months of available history
Based on 58% of reported portfolio value with available pricing
ION Fund Management Ltd's most significant position changes for 2026-03-31: Sold out: Atlassian Corp-cl A (TEAM); Sold out: Freeport-mcmoran INC (FCX); Sold out: Costar Group INC (CSGP); Sold out: Perrigo Company plc (PRGO); Sold out: Lamb Weston Holdings INC (LW).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SEDG | Solaredge Technologies INC | +5.3% | +38.65% | Add |
| 2 | DK | Delek US Holdings INC | +2.6% | -22.49% | Trim |
| 3 | SHC | Sotera Health Co | +2.4% | +11833.90% | Add |
| 4 | NXE | Nexgen Energy LTD | +2.2% | +31.11% | Add |
| 5 | RIG | Transocean Ltd. | +2.1% | +2.10% | Add |
| 6 | ILMN | Illumina INC | +1.7% | +17.53% | Add |
| 7 | TEVA | Teva Pharmaceutical-sp Adr | +1.7% | -4.71% | Trim |
| 8 | Q | Qnity Electronics INC | +1.7% | +8.47% | Add |
| 9 | DAC | Danaos Corporation | +1.5% | -9.22% | Trim |
| 10 | NMM | Navios Maritime Partners L.P. | +1.3% | -7.52% | Trim |
| 11 | PHIN | Phinia INC | +1.2% | -0.97% | Trim |
| 12 | VALE | Vale Sa-sp Adr | +0.6% | -21.41% | Trim |
| 13 | CRWV | Coreweave Inc-cl A | +0.4% | — | Unchanged |
| 14 | GLBE | Global-E Online Ltd. | +0.2% | +55.00% | Add |
| 15 | PARR | Par Pacific Holdings INC | +0.2% | — | Unchanged |
| 16 | SIL | Global X Silver Miners ETF | -0.1% | -46.26% | Trim |
| 17 | IBKR | Interactive Brokers Gro-cl A | -0.2% | -42.86% | Trim |
| 18 | CIEN | Ciena CORP | -0.6% | -63.60% | Trim |
| 19 | OKTA | Okta INC | -0.6% | -60.00% | Trim |
| 20 | XYZ | Block INC | -0.7% | -55.56% | Trim |
| 21 | AER | AerCap Holdings N.V. | -2% | -52.83% | Trim |
| 22 | SLV | Ishares Silver Trust | -2.4% | -94.18% | Trim |
| 23 | CHKP | Check Point Software Technologies Ltd. | -5% | -89.77% | Trim |
| 24 | TEAM | Atlassian Corp-cl A | — | EXIT | Sold out |
| 25 | FCX | Freeport-mcmoran INC | — | EXIT | Sold out |
| 26 | CSGP | Costar Group INC | — | EXIT | Sold out |
| 27 | PRGO | Perrigo Company plc | — | EXIT | Sold out |
| 28 | LW | Lamb Weston Holdings INC | — | EXIT | Sold out |
| 29 | UCTT | Ultra Clean Holdings INC | — | NEW | New buy |
| 30 | GDX | Vaneck Gold Miners ETF | — | EXIT | Sold out |
| 31 | 6D8 | Dupont De Nemours INC | — | EXIT | Sold out |
| 32 | VRNS | Varonis Systems INC | — | EXIT | Sold out |
| 33 | FLS | Flowserve CORP | — | NEW | New buy |
| 34 | FLR | Fluor CORP | — | NEW | New buy |
| 35 | PBR | Petroleo Brasileiro-spon Adr | — | NEW | New buy |
| 36 | ONTO | Onto Innovation INC | — | NEW | New buy |
| 37 | MNDY | monday.com Ltd. | — | EXIT | Sold out |
| 38 | META | Meta Platforms Inc-class A | — | EXIT | Sold out |
| 39 | MSFT | Microsoft CORP | — | EXIT | Sold out |
| 40 | FRSH | Freshworks Inc-cl A | — | EXIT | Sold out |
| 41 | LFUS | Littelfuse INC | — | NEW | New buy |
| 42 | MICC | The Magnum Ice Cream Company N. | — | EXIT | Sold out |
| 43 | WPM | Wheaton Precious Metals CORP | — | EXIT | Sold out |
| 44 | CMI | Cummins INC | — | EXIT | Sold out |
| 45 | PYPL | Paypal Holdings INC | — | NEW | New buy |
| 46 | MSI | Motorola Solutions INC | — | NEW | New buy |
| 47 | ITUB | Itau Unibanco H-spon Prf Adr | — | NEW | New buy |
| 48 | AEIS | Advanced Energy Industries | — | NEW | New buy |
| 49 | COP | Conocophillips | — | NEW | New buy |
| 50 | CRCL | Circle Internet Group INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
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