Managers / Q3 2025 · view latest →
Sphera Management Technology Funds Ltd
CIK 0002030525 · 4 ITZHAK SADE BUILDING A, 29TH FLOOR, TEL AVIV, L3, 6777520 · 972-3-6845535
Summary
Sphera Management Technology Funds Ltd reported $318M in U.S.-listed holdings across 67 positions for Q3 2025.
Its largest position, AMZN, represents 4.7% of the portfolio.
Compared with Q2 2025, the fund opened 19 new positions and exited 17.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 47.8% · $152M
- ETP · 35.9% · $114M
- Other · 7.9% · $25M
- US DOMESTIC · 6.2% · $20M
- ADR · 2.2% · $7M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SOLAREDGE TECHNOLOGIES INC | NEW | +4.70M | 4.70M | +$6M | $6M |
| ORCLORACLE CORP | NEW | +17.0K | 17.0K | +$5M | $5M |
| SNOWFLAKE INC | NEW | +2.30M | 2.30M | +$4M | $4M |
| PANWPALO ALTO NETWORKS INC | NEW | +17.0K | 17.0K | +$3M | $3M |
| GOOGALPHABET INC | NEW | +12.9K | 12.9K | +$3M | $3M |
| CHECK POINT SOFTWARE TECH LT | NEW | +15.0K | 15.0K | +$3M | $3M |
| IBMINTERNATIONAL BUSINESS MACHS | NEW | +8.0K | 8.0K | +$2M | $2M |
| BOX INC | NEW | +2.00M | 2.00M | +$2M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | AMZNAMAZON COM INChistory → | COM | 4.73% | $15M | 68.5K |
| 2 | METAMETA PLATFORMS INChistory → | CL A | 4.66% | $15M | 20.2K |
| 3 | MSFTMICROSOFT CORPhistory → | COM | 3.59% | $11M | 22.0K |
| 4 | AMDADVANCED MICRO DEVICES INChistory → | COM | 2.90% | $9M | 57.0K |
| 5 | AVGOBROADCOM INChistory → | COM | 2.83% | $9M | 27.3K |
| 6 | SEDGSOLAREDGE TECHNOLOGIES INC | NOTE 2.250% 7/0 · COM | 2.56% | $8M | 4.75M |
| 7 | TSLATESLA INChistory → | COM | 2.52% | $8M | 18.0K |
| 8 | INTCINTEL CORPhistory → | COM | 1.99% | $6M | 188.0K |
| 9 | NVDANVIDIA CORPORATIONhistory → | COM | 1.88% | $6M | 32.1K |
| 10 | MRVLMARVELL TECHNOLOGY INChistory → | COM | 1.64% | $5M | 62.0K |
| 11 | ORCLORACLE CORPhistory → | COM | 1.51% | $5M | 17.0K |
| 12 | UUNITY SOFTWARE INChistory → | COM | 1.39% | $4M | 110.0K |
| 13 | SIMILARWEB LTD | SHS | 1.36% | $4M | 462.9K |
| 14 | CAMTEK LTD | ORD | 1.16% | $4M | 35.0K |
| 15 | SNOWFLAKE INC | NOTE 10/0 | 1.14% | $4M | 2.30M |
| 16 | ON SEMICONDUCTOR CORP | NOTE 0.500% 3/0 | 1.11% | $4M | 3.80M |
| 17 | PANWPALO ALTO NETWORKS INChistory → | COM | 1.09% | $3M | 17.0K |
| 18 | NSYNICE LTDhistory → | SPONSORED ADR | 1.05% | $3M | 23.0K |
| 19 | CELLEBRITE DI LTD | ORDINARY SHARES | 0.99% | $3M | 170.0K |
| 20 | GOOGALPHABET INC | CAP STK CL C | 0.99% | $3M | 12.9K |
| 21 | CHECK POINT SOFTWARE TECH LT | ORD | 0.98% | $3M | 15.0K |
| 22 | NFLXNETFLIX INC | COM | 0.94% | $3M | 2.5K |
| 23 | UBERUBER TECHNOLOGIES INC | COM | 0.93% | $3M | 30.0K |
| 24 | CIENCIENA CORP | COM NEW | 0.87% | $3M | 19.0K |
| 25 | TXNTEXAS INSTRS INC | COM | 0.87% | $3M | 15.0K |
| 26 | AMATAPPLIED MATLS INC | COM | 0.77% | $2M | 11.9K |
| 27 | WIX COM LTD | SHS | 0.73% | $2M | 13.0K |
| 28 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.71% | $2M | 8.0K |
| 29 | LSCCLATTICE SEMICONDUCTOR CORP | COM | 0.69% | $2M | 30.0K |
| 30 | ODDITY TECH LTD | SHS CL A | 0.69% | $2M | 35.0K |
| 31 | JFROG LTD | ORD SHS | 0.67% | $2M | 45.0K |
| 32 | BOX INC | NOTE 1.500% 9/1 | 0.64% | $2M | 2.00M |
| 33 | TWLOTWILIO INC | CL A | 0.63% | $2M | 20.0K |
| 34 | ADIANALOG DEVICES INC | COM | 0.60% | $2M | 7.7K |
| 35 | AKAMAI TECHNOLOGIES INC | NOTE 1.125% 2/1 | 0.59% | $2M | 2.00M |
| 36 | VRNSVARONIS SYS INC | COM | 0.54% | $2M | 30.0K |
| 37 | COINCOINBASE GLOBAL INC | COM CL A | 0.53% | $2M | 5.0K |
| 38 | WDAYWORKDAY INC | CL A | 0.53% | $2M | 7.0K |
| 39 | HUTHUT 8 CORP | COM | 0.49% | $2M | 45.0K |
| 40 | SUNRUN INC | NOTE 4.000% 3/0 | 0.47% | $1M | 1.10M |
| 41 | CRMSALESFORCE INC | COM | 0.45% | $1M | 6.1K |
| 42 | ENPHENPHASE ENERGY INC | COM | 0.45% | $1M | 40.0K |
| 43 | IREN LIMITED | ORDINARY SHARES | 0.44% | $1M | 30.0K |
| 44 | NETCLOUDFLARE INC | CL A COM | 0.41% | $1M | 6.0K |
| 45 | JPXAEROVIRONMENT INC | COM | 0.39% | $1M | 3.9K |
| 46 | HPEHEWLETT PACKARD ENTERPRISE C | COM | 0.39% | $1M | 50.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $178M | 55 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $293M | 62 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $318M | 67 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $199M | 66 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $154M | 66 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $173M | 62 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.