Menora Mivtachim Holdings LTD.
Reported US equity positions for Q1 2026 — $21.1B across 155 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| NVDA NVIDIA Corporation | $1.6B | 7.3% | 8,896,905 |
| AAPL Apple Inc. | $1.5B | 7.0% | 5,857,736 |
| TEVA Teva Pharmaceutical Industries Limited American Preferred | $1.2B | 5.7% | 39,626,383 |
| GOOGL Alphabet Inc. | $1.0B | 4.7% | 3,478,771 |
| MSFT Microsoft Corporation | $846.5M | 4.0% | 2,286,725 |
| XLI State Street Industrial Select Sector SPDR ETF | $699.9M | 3.3% | 4,327,640 |
| AVGO Broadcom Inc. | $640.3M | 3.0% | 2,068,614 |
| AMZN Amazon.com, Inc. | $584.9M | 2.8% | 2,808,197 |
| XLE State Street Energy Select Sector SPDR ETF | $531.3M | 2.5% | 8,673,100 |
| M7516K103 Nova LTD | $506.1M | 2.4% | 1,165,333 |
| META Meta Platforms, Inc. | $496.7M | 2.4% | 868,165 |
| SMH VanEck Semiconductor ETF | $458.7M | 2.2% | 1,196,360 |
| AMAT Applied Materials, Inc. | $395.2M | 1.9% | 1,156,254 |
| MA Mastercard Incorporated | $346.0M | 1.6% | 692,560 |
| XLP State Street Consumer Staples Select Sector SPDR ETF | $328.9M | 1.6% | 4,011,547 |
| M20791105 Camtek LTD | $314.3M | 1.5% | 2,073,204 |
| TSLA Tesla, Inc. | $303.7M | 1.4% | 817,031 |
| WMT Walmart Inc. | $272.5M | 1.3% | 2,192,244 |
| LLY Eli Lilly and Company | $270.2M | 1.3% | 293,800 |
| XLB State Street Materials Select Sector SPDR ETF | $257.2M | 1.2% | 5,146,950 |
| PGR The Progressive Corporation | $256.2M | 1.2% | 1,292,152 |
| XLV State Street Health Care Select Sector SPDR ETF | $254.3M | 1.2% | 1,734,213 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $253.8M | 1.2% | 750,939 |
| ABBV AbbVie Inc. | $247.8M | 1.2% | 1,139,168 |
| XLU State Street Utilities Select Sector SPDR ETF | $247.6M | 1.2% | 5,395,188 |
| IYT iShares U.S. Transportation ETF | $238.0M | 1.1% | 3,190,961 |
| KO The Coca-Cola Company | $237.5M | 1.1% | 3,122,750 |
| JPM JP Morgan Chase & Co. | $226.9M | 1.1% | 771,264 |
| FLIN Franklin FTSE India ETF | $224.4M | 1.1% | 6,754,986 |
| MU Micron Technology, Inc. | $215.8M | 1.0% | 638,650 |
| PLD Prologis, Inc. | $205.1M | 1.0% | 1,551,377 |
| MTB M&T Bank Corporation | $199.0M | 0.9% | 962,619 |
| SPGI S&P Global Inc. | $197.9M | 0.9% | 465,211 |
| C Citigroup, Inc. | $184.3M | 0.9% | 1,624,700 |
| IGV iShares Expanded Tech-Software Sector ETF | $175.6M | 0.8% | 2,193,601 |
| UNP Union Pacific Corporation | $171.8M | 0.8% | 708,200 |
| ICE Intercontinental Exchange Inc. | $170.6M | 0.8% | 1,084,825 |
| NICE NICE Ltd | $164.6M | 0.8% | 1,493,094 |
| XLC State Street Communication Services Select Sector SPDR ETF | $157.0M | 0.7% | 1,415,825 |
| ISRG Intuitive Surgical, Inc. | $153.6M | 0.7% | 333,150 |
| TMO Thermo Fisher Scientific Inc | $149.7M | 0.7% | 304,632 |
| CAT Caterpillar, Inc. | $147.0M | 0.7% | 207,500 |
| LRCX Lam Research Corporation | $145.7M | 0.7% | 681,980 |
| KRE State Street SPDR S&P Regional Banking ETF | $142.2M | 0.7% | 2,183,000 |
| SEDG SolarEdge Technologies, Inc. | $141.7M | 0.7% | 2,774,921 |
| HD The Home Depot, Inc. | $139.2M | 0.7% | 423,332 |
| XLF State Street Financial Select Sector SPDR ETF | $135.1M | 0.6% | 2,737,442 |
| CCL1EUR Carnival Corp | $130.2M | 0.6% | 5,030,800 |
| APO Apollo Global Management, Inc. (New) | $122.2M | 0.6% | 1,096,396 |
| GEHC GE HealthCare Technologies Inc. | $122.1M | 0.6% | 1,715,250 |
| XLY State Street Consumer Discretionary Select Sector SPDR ETF | $121.6M | 0.6% | 1,116,106 |
| BRK.B Berkshire Hathaway Inc. | $113.9M | 0.5% | 237,776 |
| COST Costco Wholesale Corporation | $110.2M | 0.5% | 110,600 |
| HLT Hilton Worldwide Holdings Inc. | $109.5M | 0.5% | 360,115 |
| CBRE CBRE Group Inc Common Stock Class A | $105.2M | 0.5% | 776,726 |
| CI The Cigna Group | $105.0M | 0.5% | 393,500 |
| HWM Howmet Aerospace Inc. | $101.5M | 0.5% | 440,450 |
| ABNB Airbnb, Inc. | $99.8M | 0.5% | 790,000 |
| MCD McDonald's Corporation | $97.0M | 0.5% | 312,177 |
| EQT EQT Corporation | $95.5M | 0.5% | 1,500,000 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| NVDA NVIDIA Corporation | Add | $1.6B | $1.5B | +13% |
| AAPL Apple Inc. | Add | $1.5B | $1.3B | +23% |
| GOOGL Alphabet Inc. | Trim | $1.0B | $1.4B | -23% |
| MSFT Microsoft Corporation | Trim | $846.5M | $1.4B | -20% |
| XLI State Street Industrial Select Sector SPDR ETF | Add | $699.9M | $601.0M | +12% |
| AVGO Broadcom Inc. | Add | $640.3M | $632.2M | +13% |
| AMZN Amazon.com, Inc. | Trim | $584.9M | $770.2M | -16% |
| XLE State Street Energy Select Sector SPDR ETF | Trim | $531.3M | $419.1M | -7% |
| SMH VanEck Semiconductor ETF | Add | $458.7M | $185.2M | +133% |
| AMAT Applied Materials, Inc. | Trim | $395.2M | $576.5M | -37% |
| XLP State Street Consumer Staples Select Sector SPDR ETF | Trim | $328.9M | $320.7M | -3% |
| M20791105 Camtek LTD | Trim | $314.3M | $223.3M | -1% |
| TSLA Tesla, Inc. | Trim | $303.7M | $387.1M | -5% |
| XLB State Street Materials Select Sector SPDR ETF | Add | $257.2M | $148.4M | +57% |
| PGR The Progressive Corporation | Add | $256.2M | $155.4M | +89% |
| ABBV AbbVie Inc. | Add | $247.8M | $254.7M | +2% |
| IYT iShares U.S. Transportation ETF | Add | $238.0M | $232.4M | +2% |
| KO The Coca-Cola Company | Add | $237.5M | $179.9M | +21% |
| JPM JP Morgan Chase & Co. | Trim | $226.9M | $356.2M | -30% |
| FLIN Franklin FTSE India ETF | Trim | $224.4M | $457.1M | -43% |
| MU Micron Technology, Inc. | Trim | $215.8M | $247.2M | -26% |
| MTB M&T Bank Corporation | Add | $199.0M | $155.8M | +25% |
| SPGI S&P Global Inc. | Add | $197.9M | $151.4M | +61% |
| IGV iShares Expanded Tech-Software Sector ETF | Add | $175.6M | $180.4M | +29% |
| NICE NICE Ltd | Trim | $164.6M | $210.2M | -20% |
| ISRG Intuitive Surgical, Inc. | Add | $153.6M | $80.2M | +135% |
| LRCX Lam Research Corporation | Trim | $145.7M | $181.3M | -36% |
| KRE State Street SPDR S&P Regional Banking ETF | Add | $142.2M | $68.7M | +106% |
| SEDG SolarEdge Technologies, Inc. | Add | $141.7M | $62.5M | +28% |
| HD The Home Depot, Inc. | Trim | $139.2M | $215.7M | -32% |
| XLF State Street Financial Select Sector SPDR ETF | Trim | $135.1M | $151.7M | -1% |
| XLY State Street Consumer Discretionary Select Sector SPDR ETF | Trim | $121.6M | $212.2M | -37% |
| HLT Hilton Worldwide Holdings Inc. | Add | $109.5M | $56.5M | +83% |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | Trim | $64.5M | $135.2M | -42% |
| ADBE Adobe Inc. | Trim | $62.0M | $194.3M | -54% |
| KWEB KraneShares CSI China Internet ETF | Add | $61.3M | $2.0M | +3,495% |
| MDLZ Mondelez International, Inc. | Trim | $58.4M | $63.5M | -14% |
| NKE Nike, Inc. | Add | $57.7M | $764,520 | +9,000% |
| M22465104 Check Point Software Tech Lt | Add | $54.3M | $40.3M | +75% |
| M9T951109 Zim Integrated Shipping Serv | Trim | $43.7M | $86.5M | -59% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.