Ion Asset Management
Herzliya, L3files as Ion Asset Management Ltd.
$818m in 61 US stocks at the end of 30 September 2025. The top 10 are 62.7% of the money. It changed about 35.1% of the portfolio this quarter.
Value
$818m
Stocks
61
Top 10 share
62.7%
Turnover
35.1%
What changed this quarter
New
Bought for the first time this quarter.
- Check Point Software TechnologiesCHKP6.5% of the fund
- DuPont de NemoursDD4.3% of the fund
- Amicus Therapeutics0.8% of the fund
- Varonis SystemsVRNS0.6% of the fund
- Via TransportationVIA0.6% of the fund
- Carpenter TechnologyCRS0.5% of the fund
- Mobileye GlobalMBLY0.4% of the fund
- Klarna GroupKLAR0.2% of the fund
- Ishares TRKSA0.1% of the fund
- Vale S AVALE0.1% of the fund
- Taiwan Semiconductor ManufacturingTSM0.1% of the fund
- Archer-Daniels-MidlandADM<0.1% of the fund
Added
Bought more of a stock they already held.
- NexGen EnergyNXE2.6% of the fund+3405%
- TransoceanRIG1.6% of the fund+8%
- monday.comMNDY1.3% of the fund+20%
- PAR Pacific HoldingsPARR0.2% of the fund+17%
- CVR EnergyCVI0.1% of the fund+21%
- Golar LNGGLNG<0.1% of the fund+48%
- KE HldgsBEKE<0.1% of the fund+31%
Cut
Sold some of their stake.
- Teva Pharmaceutical IndustriesTEVA13.6% of the fund-86%
- Delek US HoldingsDK7.3% of the fund-51%
- Vaneck ETF TrustGDX6.8% of the fund-26%
- Costar GroupCSGP5.5% of the fund-54%
- Ishares Silver TRSLV4.9% of the fund-15%
- PerrigoPRGO4.8% of the fund-54%
- IlluminaILMN4.6% of the fund-48%
- AerCap HoldingsAER4.4% of the fund-68%
- DanaosDAC4.3% of the fund-40%
- CienaCIEN3.8% of the fund-83%
- PhiniaPHIN3.7% of the fund-15%
- Lamb Weston HoldingsLW3.7% of the fund-68%
- Navios Maritime Partners LPNMM2.6% of the fund-43%
- OktaOKTA1.5% of the fund-22%
- DynatraceDT1.2% of the fund-33%
- BlockXYZ1.1% of the fund-28%
- CVR Partners Lp/cvr NitrogenUAN0.4% of the fund-53%
- Agnico Eagle MinesAEM0.2% of the fund-5%
- Lumentum HoldingsLITE0.2% of the fund-13%
- Kratos Defense & Security SolutionsKTOS0.1% of the fund-31%
- TTM TechnologiesTTMI0.1% of the fund-91%
- MP MaterialsMP0.1% of the fund-59%
- EOG ResourcesEOG<0.1% of the fund-64%
Sold out
Sold their entire stake.
- ImaxIMAX-100%
- Trade DeskTTD-100%
- MACOM Technology Solutions HoldingsMTSI-100%
- Voyager TechnologiesVOYG-100%
- Palo Alto NetworksPANW-100%
- Kinder MorganKMI-100%
- ExxonMobil HoldingsXOM-100%
- Plains ALL Amern Pipeline LPAA-100%
- Costco WholesaleCOST-100%
Holdings
- Vaneck ETF TrustGDX
- Share
- 6.8%
- Value
- $55m
- Shares
- 724,745
-26%
- Ishares Silver TRSLV
- Share
- 4.9%
- Value
- $40m
- Shares
- 952,175
-15%
- NexGen EnergyNXE
- Share
- 2.6%
- Value
- $21m
- Shares
- 2,348,100
+3405%
- Navios Maritime Partners LPNMM
- Share
- 2.6%
- Value
- $21m
- Shares
- 466,000
-43%
- Amicus Therapeutics
- Share
- 0.8%
- Value
- $7m
- Shares
- 872,411
New
- CVR Partners Lp/cvr NitrogenUAN
- Share
- 0.4%
- Value
- $4m
- Shares
- 40,393
-53%
- Ishares Bitcoin Trust ETFIBIT
- Share
- 0.3%
- Value
- $3m
- Shares
- 40,000
Held
- Spdr Gold TRGLD
- Share
- 0.3%
- Value
- $2m
- Shares
- 6,710
Held
- Global X FDSSIL
- Share
- 0.3%
- Value
- $2m
- Shares
- 30,800
Held
- Vaneck ETF TrustGDXJ
- Share
- 0.2%
- Value
- $2m
- Shares
- 18,500
Held
- Agnico Eagle MinesAEM
- Share
- 0.2%
- Value
- $2m
- Shares
- 10,530
-5%
- Wheaton Precious MetalsWPM
- Share
- 0.2%
- Value
- $2m
- Shares
- 13,695
Held
- Ishares TRKSA
- Share
- 0.1%
- Value
- $1m
- Shares
- 26,300
New
- Vale S AVALE
- Share
- 0.1%
- Value
- $888,348
- Shares
- 81,800
New
- NutrienNTR
- Share
- 0.1%
- Value
- $830,747
- Shares
- 14,150
Held
- KE HldgsBEKE
- Share
- <0.1%
- Value
- $539,600
- Shares
- 28,400
+31%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Teva Pharmaceutical IndustriesTEVA | 13.6% | $111m | 5,510,000 | -86% |
| Delek US HoldingsDK | 7.3% | $60m | 1,845,000 | -51% |
| Vaneck ETF TrustGDX | 6.8% | $55m | 724,745 | -26% |
| Check Point Software TechnologiesCHKP | 6.5% | $54m | 258,615 | New |
| Costar GroupCSGP | 5.5% | $45m | 534,000 | -54% |
| Ishares Silver TRSLV | 4.9% | $40m | 952,175 | -15% |
| PerrigoPRGO | 4.8% | $39m | 1,760,000 | -54% |
| IlluminaILMN | 4.6% | $37m | 394,000 | -48% |
| AerCap HoldingsAER | 4.4% | $36m | 300,000 | -68% |
| DanaosDAC | 4.3% | $35m | 394,345 | -40% |
| DuPont de NemoursDD | 4.3% | $35m | 451,000 | New |
| CienaCIEN | 3.8% | $31m | 211,924 | -83% |
| PhiniaPHIN | 3.7% | $31m | 533,469 | -15% |
| Lamb Weston HoldingsLW | 3.7% | $30m | 524,905 | -68% |
| NexGen EnergyNXE | 2.6% | $21m | 2,348,100 | +3405% |
| Navios Maritime Partners LPNMM | 2.6% | $21m | 466,000 | -43% |
| TransoceanRIG | 1.6% | $13m | 4,197,679 | +8% |
| OktaOKTA | 1.5% | $12m | 130,000 | -22% |
| monday.comMNDY | 1.3% | $11m | 55,000 | +20% |
| DynatraceDT | 1.2% | $10m | 200,000 | -33% |
| BlockXYZ | 1.1% | $9m | 130,000 | -28% |
| ItronITRI | 1.1% | $9m | 72,000 | Held |
| eToro GroupETOR | 1.0% | $8m | 200,000 | Held |
| Amicus Therapeutics | 0.8% | $7m | 872,411 | New |
| Varonis SystemsVRNS | 0.6% | $5m | 90,000 | New |
| Via TransportationVIA | 0.6% | $5m | 100,000 | New |
| Carpenter TechnologyCRS | 0.5% | $4m | 16,400 | New |
| CVR Partners Lp/cvr NitrogenUAN | 0.4% | $4m | 40,393 | -53% |
| Mobileye GlobalMBLY | 0.4% | $3m | 240,000 | New |
| Ishares Bitcoin Trust ETFIBIT | 0.3% | $3m | 40,000 | Held |
| Spdr Gold TRGLD | 0.3% | $2m | 6,710 | Held |
| Global X FDSSIL | 0.3% | $2m | 30,800 | Held |
| Klarna GroupKLAR | 0.2% | $2m | 50,000 | New |
| Vaneck ETF TrustGDXJ | 0.2% | $2m | 18,500 | Held |
| Agnico Eagle MinesAEM | 0.2% | $2m | 10,530 | -5% |
| Wheaton Precious MetalsWPM | 0.2% | $2m | 13,695 | Held |
| Interactive Brokers GroupIBKR | 0.2% | $1m | 20,000 | Held |
| PAR Pacific HoldingsPARR | 0.2% | $1m | 36,860 | +17% |
| CumminsCMI | 0.2% | $1m | 3,085 | Held |
| Lumentum HoldingsLITE | 0.2% | $1m | 8,000 | -13% |
| CVR EnergyCVI | 0.1% | $1m | 33,385 | +21% |
| Kratos Defense & Security SolutionsKTOS | 0.1% | $1m | 12,285 | -31% |
| Ishares TRKSA | 0.1% | $1m | 26,300 | New |
| MosaicMOS | 0.1% | $941,562 | 27,150 | Held |
| TTM TechnologiesTTMI | 0.1% | $921,600 | 16,000 | -91% |
| Vale S AVALE | 0.1% | $888,348 | 81,800 | New |
| MP MaterialsMP | 0.1% | $870,904 | 12,985 | -59% |
| Freeport-McMoRanFCX | 0.1% | $844,014 | 21,520 | Held |
| Taiwan Semiconductor ManufacturingTSM | 0.1% | $837,870 | 3,000 | New |
| NutrienNTR | 0.1% | $830,747 | 14,150 | Held |
| Royal GoldRGLD | 0.1% | $822,378 | 4,100 | Held |
| ValarisVAL | <0.1% | $763,251 | 15,650 | Held |
| Southern CopperSCCO | <0.1% | $736,170 | 6,066 | Held |
| Archer-Daniels-MidlandADM | <0.1% | $727,932 | 12,185 | New |
| RTXRTX | <0.1% | $694,420 | 4,150 | Held |
| Genco Shipping & TradingGNK | <0.1% | $649,077 | 36,465 | Held |
| Golar LNGGLNG | <0.1% | $646,560 | 16,000 | +48% |
| Norfolk SouthernNSC | <0.1% | $564,771 | 1,880 | Held |
| Star Bulk CarriersSBLK | <0.1% | $562,719 | 30,270 | Held |
| KE HldgsBEKE | <0.1% | $539,600 | 28,400 | +31% |
| EOG ResourcesEOG | <0.1% | $224,240 | 2,000 | -64% |
Options (2)
- Invesco QQQ TRQQQ
- Type
- Put
- Value
- $72m
- Contracts
- 120,000
- CoreWeaveCRWV
- Type
- Put
- Value
- $20m
- Contracts
- 146,900
| Company | Type | Value | Contracts |
|---|---|---|---|
| Invesco QQQ TRQQQ | Put | $72m | 120,000 |
| CoreWeaveCRWV | Put | $20m | 146,900 |
Over time and by industry
Value over time
Sep '25
Value is down 50.5% since 30 June 2025.
Where the money is
Health care23.0%
Technology20.7%
Industrials10.9%
Energy9.3%
Real estate5.5%
Everyday goods3.8%
Retail & consumer3.7%
Materials3.6%
Financial services2.5%
Other17.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.