Managers / Q4 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 $293M in U.S.-listed holdings across 62 positions for Q4 2025.
Its largest position, META, represents 4.7% of the portfolio.
Compared with Q3 2025, the fund opened 14 new positions and exited 19.
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 · 52.4% · $153M
- ETP · 32.5% · $95M
- US DOMESTIC · 5.9% · $17M
- Other · 5.0% · $15M
- ADR · 4.2% · $12M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ON SEMICONDUCTOR CORP | NEW | +4.00M | 4.00M | +$5M | $5M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | NEW | +13.0K | 13.0K | +$4M | $4M |
| MDBMONGODB INC | NEW | +5.6K | 5.6K | +$2M | $2M |
| VARONIS SYS INC | NEW | +2.50M | 2.50M | +$2M | $2M |
| NOKNOKIA CORP | NEW | +320.0K | 320.0K | +$2M | $2M |
| KLACKLA CORP | NEW | +1.6K | 1.6K | +$2M | $2M |
| RBRKRUBRIK INC. | NEW | +22.8K | 22.8K | +$2M | $2M |
| SNOWSNOWFLAKE INC | NEW | +7.1K | 7.1K | +$2M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | METAMETA PLATFORMS INChistory → | CL A | 4.73% | $14M | 21.0K |
| 2 | AMZNAMAZON COM INChistory → | COM | 4.73% | $14M | 60.0K |
| 3 | MSFTMICROSOFT CORPhistory → | COM | 4.13% | $12M | 25.0K |
| 4 | AVGOBROADCOM INChistory → | COM | 3.18% | $9M | 26.9K |
| 5 | TSLATESLA INChistory → | COM | 3.09% | $9M | 20.1K |
| 6 | NVDANVIDIA CORPORATIONhistory → | COM | 3.07% | $9M | 48.3K |
| 7 | AMDADVANCED MICRO DEVICES INChistory → | COM | 2.92% | $9M | 40.0K |
| 8 | INTCINTEL CORPhistory → | COM | 2.02% | $6M | 160.0K |
| 9 | SOLAREDGE TECHNOLOGIES INC | NOTE 2.250% 7/0 | 1.88% | $6M | 4.70M |
| 10 | GOOGALPHABET INChistory → | CAP STK CL C | 1.72% | $5M | 16.0K |
| 11 | ON SEMICONDUCTOR CORP | NOTE 5/0 | 1.63% | $5M | 4.00M |
| 12 | UUNITY SOFTWARE INChistory → | COM | 1.51% | $4M | 100.0K |
| 13 | AMATAPPLIED MATLS INChistory → | COM | 1.50% | $4M | 17.1K |
| 14 | TSMTAIWAN SEMICONDUCTOR MFG LTDhistory → | SPONSORED ADS | 1.35% | $4M | 13.0K |
| 15 | PANWPALO ALTO NETWORKS INChistory → | COM | 1.28% | $4M | 20.4K |
| 16 | SIMILARWEB LTD | SHS | 1.23% | $4M | 480.0K |
| 17 | TWLOTWILIO INChistory → | CL A | 1.21% | $4M | 25.0K |
| 18 | VRNSVARONIS SYS INC | NOTE 1.000% 9/1 · COM | 1.19% | $3M | 2.54M |
| 19 | CRMSALESFORCE INChistory → | COM | 1.09% | $3M | 12.0K |
| 20 | SNOWSNOWFLAKE INC | COM SHS · NOTE 10/0 | 1.06% | $3M | 1.01M |
| 21 | TXNTEXAS INSTRS INChistory → | COM | 1.01% | $3M | 17.0K |
| 22 | ORCLORACLE CORP | COM | 1.00% | $3M | 15.0K |
| 23 | ENPHENPHASE ENERGY INC | COM | 0.98% | $3M | 90.0K |
| 24 | CAMTEK LTD | ORD | 0.91% | $3M | 25.0K |
| 25 | WIX COM LTD | SHS | 0.89% | $3M | 25.0K |
| 26 | ADIANALOG DEVICES INC | COM | 0.85% | $2M | 9.2K |
| 27 | UBERUBER TECHNOLOGIES INC | COM | 0.84% | $2M | 30.0K |
| 28 | MRVLMARVELL TECHNOLOGY INC | COM | 0.84% | $2M | 28.8K |
| 29 | MDBMONGODB INC | CL A | 0.80% | $2M | 5.6K |
| 30 | NSYNICE LTD | SPONSORED ADR | 0.77% | $2M | 20.0K |
| 31 | NOKNOKIA CORP | SPONSORED ADR | 0.71% | $2M | 320.0K |
| 32 | JFROG LTD | ORD SHS | 0.69% | $2M | 32.3K |
| 33 | KLACKLA CORP | COM NEW | 0.68% | $2M | 1.6K |
| 34 | BOX INC | NOTE 1.500% 9/1 | 0.67% | $2M | 2.00M |
| 35 | RBRKRUBRIK INC. | CL A | 0.60% | $2M | 22.8K |
| 36 | COHRCOHERENT CORP | COM | 0.50% | $1M | 8.0K |
| 37 | LSCCLATTICE SEMICONDUCTOR CORP | COM | 0.50% | $1M | 20.0K |
| 38 | CELLEBRITE DI LTD | ORDINARY SHARES | 0.49% | $1M | 80.0K |
| 39 | NOWSERVICENOW INC | COM | 0.48% | $1M | 9.2K |
| 40 | ODDITY TECH LTD | SHS CL A | 0.48% | $1M | 35.0K |
| 41 | TTMITTM TECHNOLOGIES INC | COM | 0.44% | $1M | 18.6K |
| 42 | ZETAZETA GLOBAL HOLDINGS CORP | CL A | 0.42% | $1M | 60.0K |
| 43 | SANMSANMINA CORPORATION | COM | 0.41% | $1M | 8.0K |
| 44 | CIENCIENA CORP | COM NEW | 0.40% | $1M | 5.0K |
| 45 | BILL HOLDINGS INC | NOTE 4/0 | 0.39% | $1M | 1.25M |
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 ↗.