MENORA MIVTACHIM HOLDINGS LTD.

Fundamental diversified ★Signal CIK 1351917
League rank
#319
in Fundamental diversified · #1474 overall
Long book
$21.12B
Q1 2026
Positions
155
Top-10 weight
43%
concentration
Last quarter
+15.3%
SPY +14.8%
Turnover
29%
of book per quarter

Strategy in plain words

auto-generated from filings

MENORA MIVTACHIM HOLDINGS LTD. is a diversified fundamental manager, running a $21.12B US long book across 155 positions.

The portfolio is moderately concentrated (top 10 ≈ 43% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, APPLE INC, TEVA PHARMACEUTICAL-SP ADR, ALPHABET INC-CL A, MICROSOFT CORP.

Over the last 9 quarters its long book ran on average 0.7pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+6.4%
Q2 2024
+3.6%
Q3 2024
+1.0%
Q4 2024
-6.6%
Q1 2025
+12.6%
Q2 2025
+10.7%
Q3 2025
+6.6%
Q4 2025
-2.8%
Q1 2026
+15.3%

Sector allocation

Technology
50%
Financials
10%
Consumer discretionary
9%
Other
8%
Industrials
8%
Healthcare
7%
Services media
6%
Consumer staples
2%

Long book by quarter

$13.32B
Q1 2024
$14.72B
Q2 2024
$15.87B
Q3 2024
$15.95B
Q4 2024
$15.37B
Q1 2025
$17.39B
Q2 2025
$19.70B
Q3 2025
$21.28B
Q4 2025
$21.12B
Q1 2026

What does MENORA MIVTACHIM own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology8.9M$1.55B7.3%+12.7%
AAPL APPLE INCTechnology5.9M$1.49B7.0%+22.6%
GOOGL ALPHABET INC-CL ATechnology3.5M$1.00B4.7%-22.7%
MSFT MICROSOFT CORPTechnology2.3M$846.5M4.0%-20.0%
AVGO BROADCOM INCTechnology2.1M$640.3M3.0%+13.3%
AMZN AMAZON.COM INCConsumer discretionary2.8M$584.9M2.8%-15.8%
NVMI NOVA LTDOther1.2M$506.1M2.4%Held
META META PLATFORMS INC-CLASS ATechnology868.2K$496.7M2.4%Held
AMAT APPLIED MATERIALS INCTechnology1.2M$395.2M1.9%-36.7%
MA MASTERCARD INC - AServices media692.6K$346.0M1.6%+0.1%
CAMT CAMTEK LTDOther2.1M$314.3M1.5%-1.2%
TSLA TESLA INCIndustrials817.0K$303.7M1.4%-5.1%
WMT WALMART INCConsumer discretionary2.2M$272.5M1.3%-0.2%
LLY ELI LILLY & COHealthcare293.8K$270.2M1.3%Held
PGR PROGRESSIVE CORPFinancials1.3M$256.2M1.2%+89.4%
ABBV ABBVIE INCHealthcare1.1M$247.8M1.2%+2.2%
KO COCA-COLA CO/THEConsumer staples3.1M$237.5M1.1%+21.4%
JPM JPMORGAN CHASE & COFinancials771.3K$226.9M1.1%-30.2%
MU MICRON TECHNOLOGY INCTechnology638.6K$215.8M1.0%-26.3%
MTB M & T BANK CORPFinancials962.6K$199.0M0.9%+24.5%
SPGI S&P GLOBAL INCServices media465.2K$197.9M0.9%+60.6%
C CITIGROUP INCFinancials1.6M$184.3M0.9%New
UNP UNION PACIFIC CORPIndustrials708.2K$171.8M0.8%Held
ICE INTERCONTINENTAL EXCHANGE INFinancials1.1M$170.6M0.8%New
ISRG INTUITIVE SURGICAL INCHealthcare333.1K$153.6M0.7%+135.3%
TMO THERMO FISHER SCIENTIFIC INCOther304.6K$149.7M0.7%Held
CAT CATERPILLAR INCIndustrials207.5K$147.0M0.7%Held
LRCX LAM RESEARCH CORPIndustrials682.0K$145.7M0.7%-35.6%
SEDG SOLAREDGE TECHNOLOGIES INCTechnology2.8M$141.7M0.7%+28.1%
HD HOME DEPOT INCConsumer discretionary423.3K$139.2M0.7%-32.5%
CCL CARNIVAL CORP LTDIndustrials5.0M$130.2M0.6%New
APO APOLLO GLOBAL MANAGEMENT INCFinancials1.1M$122.2M0.6%Held
GEHC GE HEALTHCARE TECHNOLOGYHealthcare1.7M$122.1M0.6%Held
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials237.8K$113.9M0.5%New
COST COSTCO WHOLESALE CORPConsumer discretionary110.6K$110.2M0.5%New
HLT HILTON WORLDWIDE HOLDINGS INServices media360.1K$109.5M0.5%+83.0%
CBRE CBRE GROUP INC - AReal estate776.7K$105.2M0.5%Held
CI THE CIGNA GROUPFinancials393.5K$105.0M0.5%New
HWM HOWMET AEROSPACE INCIndustrials440.4K$101.5M0.5%Held
ABNB AIRBNB INC-CLASS AServices media790.0K$99.8M0.5%New
MCD MCDONALD'S CORPConsumer discretionary312.2K$97.0M0.5%Held
EQT EQT CORPEnergy1.5M$95.5M0.5%New
TSEM TOWER SEMICONDUCTOR LTDTechnology523.0K$91.8M0.4%+0.1%
TTWO TAKE-TWO INTERACTIVE SOFTWRETechnology450.0K$88.9M0.4%New
BSX BOSTON SCIENTIFIC CORPHealthcare1.3M$83.7M0.4%New
HPQ HP INCTechnology4.3M$81.6M0.4%New
PG PROCTER & GAMBLE CO/THEOther547.1K$79.0M0.4%Held
PHM PULTEGROUP INCIndustrials666.2K$78.4M0.4%New
CRM SALESFORCE INCTechnology417.1K$77.9M0.4%New
NOW SERVICENOW INCTechnology731.5K$76.5M0.4%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 2026157$21.12B canonicalSEC ↗
Q4 202513F-HRFeb 12, 2026142$21.28B canonicalSEC ↗
Q3 202513F-HRNov 13, 2025134$19.70B canonicalSEC ↗
Q2 202513F-HRAug 14, 2025131$17.39B canonicalSEC ↗
Q1 202513F-HRMay 13, 2025126$15.42B canonicalSEC ↗
Q4 202413F-HRFeb 13, 202599$15.95B canonicalSEC ↗
Q3 202413F-HRNov 14, 202495$15.87B canonicalSEC ↗
Q2 202413F-HRAug 13, 202496$14.72B canonicalSEC ↗
Q1 202413F-HRMay 13, 202488$13.32B canonicalSEC ↗