Ion Asset Management Ltd.: 13F holdings, Q3 2025
Hedge fund · SEC EDGAR filings (CIK 1603837) · Explore on the interactive board
Ion Asset Management Ltd. disclosed 61 US equity positions worth $818.4m in its Q3 2025 13F filing (holdings as of September 30, 2025, filed November 14, 2025). Its largest position is TEVA at 13.6% of the reported book, followed by DK, GDX. The top ten holdings are 62.7% of the book, and the portfolio behaves like about 18 equal-weight positions. Versus the prior filing it opened 12 new positions, added to 8, reduced 23 and exited 9. Note: this manager's most recent filing is 3 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Ion Asset Management Ltd. own? Top holdings as of September 30, 2025
Change is measured in shares against the previous filing (Q2 2025), so price moves do not read as decisions. This quarter: 12 new, 8 added, 23 reduced, 9 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | TEVA TEVA PHARMACEUTICAL INDS LTD | Healthcare | 13.6% | $111.3m | 5,510,000 | -86% | reduced |
| 2 | DK DELEK US HLDGS INC NEW | Energy | 7.3% | $59.5m | 1,845,000 | -51% | reduced |
| 3 | GDX VANECK ETF TRUST | 6.8% | $55.4m | 724,745 | -26% | reduced | |
| 4 | CHECK POINT SOFTWARE TECH LT | 6.5% | $53.5m | 258,615 | – | new | |
| 5 | CSGP COSTAR GROUP INC | Real Estate | 5.5% | $45.1m | 534,000 | -54% | reduced |
| 6 | SLV ISHARES SILVER TR | 4.9% | $40.3m | 952,175 | -15% | reduced | |
| 7 | PRGO PERRIGO CO PLC | Healthcare | 4.8% | $39.2m | 1,760,000 | -54% | reduced |
| 8 | ILMN ILLUMINA INC | Healthcare | 4.6% | $37.4m | 394,000 | -48% | reduced |
| 9 | AERCAP HOLDINGS NV | 4.4% | $36.3m | 300,000 | -68% | reduced | |
| 10 | DAC DANAOS CORPORATION | Industrials | 4.3% | $35.4m | 394,345 | -40% | reduced |
| 11 | DD DUPONT DE NEMOURS INC | Basic Materials | 4.3% | $35.1m | 451,000 | – | new |
| 12 | CIEN CIENA CORP | Technology | 3.8% | $30.9m | 211,924 | -83% | reduced |
| 13 | PHIN PHINIA INC | Consumer Cyclical | 3.7% | $30.7m | 533,469 | -15% | reduced |
| 14 | LW LAMB WESTON HLDGS INC | Consumer Defensive | 3.7% | $30.5m | 524,905 | -68% | reduced |
| 15 | NXE NEXGEN ENERGY LTD | Energy | 2.6% | $21.0m | 2,348,100 | 3405% | added |
| 16 | NMM NAVIOS MARITIME PARTNERS L P | 2.6% | $21.0m | 466,000 | -43% | reduced | |
| 17 | RIG TRANSOCEAN LTD | Energy | 1.6% | $13.1m | 4,197,679 | 8% | added |
| 18 | OKTA OKTA INC | Technology | 1.5% | $11.9m | 130,000 | -22% | reduced |
| 19 | MNDY MONDAY COM LTD | Technology | 1.3% | $10.7m | 55,000 | 20% | added |
| 20 | DT DYNATRACE INC | Technology | 1.2% | $9.7m | 200,000 | -33% | reduced |
| 21 | XYZ BLOCK INC | Technology | 1.1% | $9.4m | 130,000 | -28% | reduced |
| 22 | ITRI ITRON INC | Technology | 1.1% | $9.0m | 72,000 | 0% | held |
| 23 | ETOR ETORO GROUP LTD | Financial Services | 1.0% | $8.3m | 200,000 | 0% | held |
| 24 | AM6 AMICUS THERAPEUTICS INC | 0.8% | $6.9m | 872,411 | – | new | |
| 25 | VRNS VARONIS SYS INC | Technology | 0.6% | $5.2m | 90,000 | – | new |
| 26 | VIA VIA TRANSN INC | 0.6% | $4.8m | 100,000 | – | new | |
| 27 | CRS CARPENTER TECHNOLOGY CORP | Industrials | 0.5% | $4.0m | 16,400 | – | new |
| 28 | CVR PARTNERS LP | 0.4% | $3.6m | 40,393 | -53% | reduced | |
| 29 | MBLY MOBILEYE GLOBAL INC | Consumer Cyclical | 0.4% | $3.4m | 240,000 | – | new |
| 30 | IBIT ISHARES BITCOIN TRUST ETF | 0.3% | $2.6m | 40,000 | 0% | held | |
| 31 | GLD SPDR GOLD TR | 0.3% | $2.4m | 6,710 | 0% | held | |
| 32 | SIL GLOBAL X FDS | 0.3% | $2.2m | 30,800 | 0% | held | |
| 33 | KLAR KLARNA GROUP PLC | Financial Services | 0.2% | $1.8m | 50,000 | – | new |
| 34 | GDXJ VANECK ETF TRUST | 0.2% | $1.8m | 18,500 | 0% | held | |
| 35 | AEM AGNICO EAGLE MINES LTD | Basic Materials | 0.2% | $1.8m | 10,530 | -5% | reduced |
| 36 | WPM WHEATON PRECIOUS METALS CORP | Basic Materials | 0.2% | $1.5m | 13,695 | 0% | held |
| 37 | IBKR INTERACTIVE BROKERS GROUP IN | Financial Services | 0.2% | $1.4m | 20,000 | 0% | held |
| 38 | PARR PAR PAC HOLDINGS INC | Energy | 0.2% | $1.3m | 36,860 | 17% | added |
| 39 | CMI CUMMINS INC | Industrials | 0.2% | $1.3m | 3,085 | 0% | held |
| 40 | LITE LUMENTUM HLDGS INC | Technology | 0.2% | $1.3m | 8,000 | -13% | reduced |
| 41 | CVI CVR ENERGY INC | Energy | 0.1% | $1.2m | 33,385 | 21% | added |
| 42 | KTOS KRATOS DEFENSE & SEC SOLUTIO | Industrials | 0.1% | $1.1m | 12,285 | -31% | reduced |
| 43 | KSA ISHARES TR | 0.1% | $1.1m | 26,300 | – | new | |
| 44 | MOS MOSAIC CO NEW | Basic Materials | 0.1% | $941.6k | 27,150 | 0% | held |
| 45 | TTMI TTM TECHNOLOGIES INC | Technology | 0.1% | $921.6k | 16,000 | -91% | reduced |
| 46 | VALE VALE S A | Basic Materials | 0.1% | $888.3k | 81,800 | – | new |
| 47 | MP MP MATERIALS CORP | Basic Materials | 0.1% | $870.9k | 12,985 | -59% | reduced |
| 48 | FCX FREEPORT-MCMORAN INC | Basic Materials | 0.1% | $844.0k | 21,520 | 0% | held |
| 49 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.1% | $837.9k | 3,000 | – | new |
| 50 | NTR NUTRIEN LTD | Basic Materials | 0.1% | $830.7k | 14,150 | 0% | held |
What did Ion Asset Management Ltd. sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| IMAX IMAX CORP | 60.8% | $21.7m |
| TTD THE TRADE DESK INC | 16.1% | $5.8m |
| MTSI MACOM TECH SOLUTIONS HLDGS I | 8.0% | $2.9m |
| VOYG VOYAGER TECHNOLOGIES INC | 5.5% | $2.0m |
| PANW PALO ALTO NETWORKS INC | 3.3% | $1.2m |
| KMI KINDER MORGAN INC DEL | 2.4% | $843.8k |
| EXMOC EXXON MOBIL CORP | 1.9% | $663.0k |
| PAA PLAINS ALL AMERN PIPELINE L | 1.2% | $443.3k |
| COST COSTCO WHSL CORP NEW | 0.8% | $292.0k |
Discovery track record: where was Ion Asset Management Ltd. early?
Stocks where Ion Asset Management Ltd. was among the first 10% (or first 3) of the tracked managers observed opening a meaningful position, in stocks at least 20 managers were observed opening. Stock changes describe the stock, not the manager's return.
| Stock | First reported | Entry rank | Initial weight | Peak weight | Quarters held | Status | Stock since |
|---|---|---|---|---|---|---|---|
| SEDG SOLAREDGE TECHNOLOGIES INC | Q4 2024 | 3 of 51 | 0.7% | 2.5% | 2 | Exited by Q2 2025 | +19% to Q1 2025 |
Sector mix
| Sector | Weight |
|---|---|
| Healthcare | 23.0% |
| Energy | 11.9% |
| Technology | 11.0% |
| Real Estate | 5.6% |
| Basic Materials | 5.4% |
| Industrials | 5.4% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Ion Asset Management Ltd.'s portfolio?
Across every quarter Ion Asset Management Ltd. has filed, its median largest position is 42.5% of the book and its median top-ten weight is 83.6%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 36.0 completed holding spells, the median lasted 2.0 quarters; 61.0 positions are still open and their final length is unknown.