ION Fund Management
Herzliya, L3files as ION Fund Management Ltd
$845m in 52 US stocks at the end of 30 June 2026. The top 10 are 73.6% of the money. It changed about 19.2% of the portfolio this quarter.
Value
$845m
Stocks
52
Top 10 share
73.6%
Turnover
19.2%
What changed this quarter
New
Bought for the first time this quarter.
- Veeco InstrumentsVECO0.8% of the fund
- Spdr Series TrustKRE0.3% of the fund
- CloudflareNET0.2% of the fund
- TwilioTWLO0.2% of the fund
- MongoDBMDB0.2% of the fund
- Delta Air LinesDAL0.1% of the fund
- Akamai TechnologiesAKAM0.1% of the fund
Added
Bought more of a stock they already held.
- Teva Pharmaceutical IndustriesTEVA16.8% of the fund+8%
- Delek US HoldingsDK8.9% of the fund+8%
- Sotera HealthSHC7.0% of the fund+180%
- DanaosDAC5.9% of the fund+8%
- FlowserveFLS5.5% of the fund+221%
- Global-E OnlineGLBE5.4% of the fund+748%
- PhiniaPHIN5.3% of the fund+7%
- FluorFLR4.8% of the fund+160%
- TransoceanRIG3.9% of the fund+50%
- Navios Maritime Partners LPNMM3.7% of the fund+2%
- NexGen EnergyNXE3.6% of the fund+25%
- OktaOKTA0.8% of the fund+25%
- Archer-Daniels-MidlandADM0.2% of the fund+101%
- NutrienNTR0.1% of the fund+37%
- ConocoPhillipsCOP0.1% of the fund+52%
- Braskem SABAK<0.1% of the fund+3%
Cut
Sold some of their stake.
- Solaredge TechnologiesSEDG7.3% of the fund-4%
- IlluminaILMN6.4% of the fund-21%
- Ultra Clean HoldingsUCTT5.0% of the fund-15%
- TTM TechnologiesTTMI1.4% of the fund-38%
- Onto InnovationONTO0.9% of the fund-37%
- Palo Alto NetworksPANW0.4% of the fund-31%
- PAR Pacific HoldingsPARR0.2% of the fund-18%
- SLB LimitedSLB0.2% of the fund-10%
- HalliburtonHAL0.2% of the fund-10%
- ValarisVAL0.1% of the fund-12%
- Vaneck ETF TrustGDXJ0.1% of the fund-40%
- Genco Shipping & TradingGNK<0.1% of the fund-42%
Sold out
Sold their entire stake.
- Qnity ElectronicsQ-100%
- AerCap HoldingsAER-100%
- CienaCIEN-100%
- Check Point Software TechnologiesCHKP-100%
- LittelfuseLFUS-100%
- Ishares Bitcoin Trust ETFIBIT-100%
- PayPal HoldingsPYPL-100%
- Motorola SolutionsMSI-100%
- CVR EnergyCVI-100%
- Advanced Energy IndustriesAEIS-100%
- RTXRTX-100%
- Kratos Defense & Security SolutionsKTOS-100%
- Suzano S ASUZ-100%
- MosaicMOS-100%
Holdings
- Navios Maritime Partners LPNMM
- Share
- 3.7%
- Value
- $31m
- Shares
- 441,439
+2%
- NexGen EnergyNXE
- Share
- 3.6%
- Value
- $31m
- Shares
- 3,280,491
+25%
- Spdr Series TrustKRE
- Share
- 0.3%
- Value
- $3m
- Shares
- 38,460
New
- Spdr Gold TRGLD
- Share
- 0.2%
- Value
- $2m
- Shares
- 5,045
Held
- Vale S AVALE
- Share
- 0.2%
- Value
- $2m
- Shares
- 107,100
Held
- Agnico Eagle MinesAEM
- Share
- 0.2%
- Value
- $1m
- Shares
- 9,200
Held
- NutrienNTR
- Share
- 0.1%
- Value
- $1m
- Shares
- 19,400
+37%
- Global X FDSSIL
- Share
- 0.1%
- Value
- $1m
- Shares
- 15,400
Held
- Ishares Silver TRSLV
- Share
- 0.1%
- Value
- $1m
- Shares
- 20,100
Held
- Vaneck ETF TrustGDXJ
- Share
- 0.1%
- Value
- $1m
- Shares
- 10,350
-40%
- Itau Unibanco Hldg S AITUB
- Share
- 0.1%
- Value
- $976,315
- Shares
- 119,500
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Teva Pharmaceutical IndustriesTEVA | 16.8% | $142m | 4,180,759 | +8% |
| Delek US HoldingsDK | 8.9% | $75m | 1,481,841 | +8% |
| Solaredge TechnologiesSEDG | 7.3% | $62m | 1,057,841 | -4% |
| Sotera HealthSHC | 7.0% | $59m | 3,343,648 | +180% |
| IlluminaILMN | 6.4% | $54m | 306,384 | -21% |
| DanaosDAC | 5.9% | $50m | 410,977 | +8% |
| FlowserveFLS | 5.5% | $47m | 631,500 | +221% |
| Global-E OnlineGLBE | 5.4% | $46m | 1,314,000 | +748% |
| PhiniaPHIN | 5.3% | $45m | 547,684 | +7% |
| Ultra Clean HoldingsUCTT | 5.0% | $42m | 298,000 | -15% |
| FluorFLR | 4.8% | $41m | 777,285 | +160% |
| TransoceanRIG | 3.9% | $33m | 6,750,000 | +50% |
| Navios Maritime Partners LPNMM | 3.7% | $31m | 441,439 | +2% |
| NexGen EnergyNXE | 3.6% | $31m | 3,280,491 | +25% |
| TTM TechnologiesTTMI | 1.4% | $12m | 62,000 | -38% |
| Onto InnovationONTO | 0.9% | $7m | 19,000 | -37% |
| OktaOKTA | 0.8% | $7m | 50,000 | +25% |
| Veeco InstrumentsVECO | 0.8% | $6m | 84,000 | New |
| BlockXYZ | 0.7% | $6m | 80,000 | Held |
| Amazon.comAMZN | 0.7% | $6m | 24,000 | Held |
| Palo Alto NetworksPANW | 0.4% | $4m | 11,000 | -31% |
| Interactive Brokers GroupIBKR | 0.4% | $3m | 40,000 | Held |
| Spdr Series TrustKRE | 0.3% | $3m | 38,460 | New |
| Spdr Gold TRGLD | 0.2% | $2m | 5,045 | Held |
| CloudflareNET | 0.2% | $2m | 7,000 | New |
| Vale S AVALE | 0.2% | $2m | 107,100 | Held |
| Archer-Daniels-MidlandADM | 0.2% | $2m | 20,675 | +101% |
| PAR Pacific HoldingsPARR | 0.2% | $1m | 26,440 | -18% |
| TwilioTWLO | 0.2% | $1m | 7,000 | New |
| Agnico Eagle MinesAEM | 0.2% | $1m | 9,200 | Held |
| SLB LimitedSLB | 0.2% | $1m | 29,370 | -10% |
| MongoDBMDB | 0.2% | $1m | 4,000 | New |
| ExxonMobil HoldingsXOM | 0.2% | $1m | 9,360 | Held |
| HalliburtonHAL | 0.2% | $1m | 37,650 | -10% |
| Delta Air LinesDAL | 0.1% | $1m | 13,375 | New |
| NutrienNTR | 0.1% | $1m | 19,400 | +37% |
| Global X FDSSIL | 0.1% | $1m | 15,400 | Held |
| Petrobras - Petroleo Brasileiro SAPBR | 0.1% | $1m | 72,000 | Held |
| Southern CopperSCCO | 0.1% | $1m | 6,229 | Held |
| Ishares Silver TRSLV | 0.1% | $1m | 20,100 | Held |
| Akamai TechnologiesAKAM | 0.1% | $1m | 9,000 | New |
| Norfolk SouthernNSC | 0.1% | $1m | 3,335 | Held |
| ValarisVAL | 0.1% | $1m | 14,295 | -12% |
| Vaneck ETF TrustGDXJ | 0.1% | $1m | 10,350 | -40% |
| Itau Unibanco Hldg S AITUB | 0.1% | $976,315 | 119,500 | Held |
| ConocoPhillipsCOP | 0.1% | $954,353 | 9,180 | +52% |
| MP MaterialsMP | 0.1% | $908,202 | 16,215 | Held |
| Royal GoldRGLD | <0.1% | $818,401 | 4,100 | Held |
| Golar LNGGLNG | <0.1% | $797,440 | 16,000 | Held |
| Star Bulk CarriersSBLK | <0.1% | $755,842 | 30,270 | Held |
| Genco Shipping & TradingGNK | <0.1% | $526,947 | 21,265 | -42% |
| Braskem SABAK | <0.1% | $290,360 | 119,000 | +3% |
Options (4)
- Invesco QQQ TRQQQ
- Type
- Put
- Value
- $663m
- Contracts
- 900,000
- Vaneck ETF TrustSMH
- Type
- Put
- Value
- $52m
- Contracts
- 80,000
- CoreWeaveCRWV
- Type
- Put
- Value
- $15m
- Contracts
- 146,900
- Vale S AVALE
- Type
- Call
- Value
- $2m
- Contracts
- 106,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Invesco QQQ TRQQQ | Put | $663m | 900,000 |
| Vaneck ETF TrustSMH | Put | $52m | 80,000 |
| CoreWeaveCRWV | Put | $15m | 146,900 |
| Vale S AVALE | Call | $2m | 106,000 |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 7.8% since 31 December 2025.
Where the money is
Health care30.2%
Technology21.9%
Industrials17.6%
Energy13.8%
Retail & consumer6.0%
Materials4.3%
Financial services1.1%
Everyday goods0.2%
Other4.9%
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.