Sphera Management Technology Funds Ltd

Q4 2025 13F-HR Holdings

Location
Tel Aviv, L3
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
62
Total value ($000)
$292,975
Net value change ($000)
-24,621 (-7.8%)
New positions
11
Sold out positions
15
Turnover %
23.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
TSM 3,951 NEW
NVDA 3,024 50.5%
MDB 2,350 NEW
NOK 2,070 NEW
KLAC 1,987 NEW
AMAT 1,960 80.1%
GOOGL 1,893 60.4%
RBRK 1,744 NEW
CRM 1,743 121.4%
SNOW 1,557 NEW
Top Reduces (Value $000, Stocks/ETFs)
CHKP -3,104 -100.0%
NFLX -2,997 -100.0%
MRVL -2,765 -53.1%
IBM -2,257 -100.0%
ORCL -1,857 -38.8%
CLBT -1,708 -54.2%
CIEN -1,599 -57.8%
HUT -1,566 -100.0%
IREN -1,408 -100.0%
NET -1,288 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 101,874 (34.8% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type