Sphera Management Technology Funds Ltd
Long book
$177.0M
Q1 2026
Positions
54
Top-10 weight
51%
concentration
Last quarter
+34.6%
SPY +14.8%
Turnover
41%
of book per quarter
Strategy in plain words
auto-generated from filingsSphera Management Technology Funds Ltd is a diversified fundamental manager, specialised in technology (73% of the long book), running a $177.0M US long book across 54 positions.
The portfolio is concentrated: the top 10 names carry 51% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: AMAZON.COM INC, MICROSOFT CORP, NVIDIA CORP, META PLATFORMS INC-CLASS A, ALPHABET INC-CL C.
Over the last 6 quarters its long book ran on average 2.9pp per quarter ahead of the S&P 500, beating the index in 3 of 6 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
Q4 2024
-13.0%
Q1 2025
+21.9%
Q2 2025
+10.3%
Q3 2025
-0.1%
Q4 2025
-8.4%
Q1 2026
+34.6%
Sector allocation
Technology 71%
Consumer discretionary 9%
Industrials 8%
Other 6%
Services media 4%
Financials 1%
Real estate 0%
Long book by quarter
What does Sphera Management own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 61.3K | $12.8M | 7.2% | +2.2% |
| MSFT MICROSOFT CORP | Technology | 30.0K | $11.1M | 6.3% | +20.0% |
| NVDA NVIDIA CORP | Technology | 62.5K | $10.9M | 6.2% | +29.4% |
| META META PLATFORMS INC-CLASS A | Technology | 18.0K | $10.3M | 5.8% | -14.3% |
| GOOG ALPHABET INC-CL C | Technology | 30.8K | $8.8M | 5.0% | +92.4% |
| TSLA TESLA INC | Industrials | 23.6K | $8.8M | 4.9% | +17.1% |
| AVGO BROADCOM INC | Technology | 27.8K | $8.6M | 4.9% | +3.2% |
| AMD ADVANCED MICRO DEVICES | Technology | 40.1K | $8.2M | 4.6% | +0.4% |
| INTC INTEL CORP | Technology | 132.0K | $5.8M | 3.3% | -17.5% |
| NOW SERVICENOW INC | Technology | 35.3K | $3.7M | 2.1% | +283.7% |
| PANW PALO ALTO NETWORKS INC | Technology | 22.5K | $3.6M | 2.0% | +10.3% |
| NFLX NETFLIX INC | Services media | 35.3K | $3.4M | 1.9% | New |
| ORCL ORACLE CORP | Technology | 23.0K | $3.4M | 1.9% | +53.3% |
| ADI ANALOG DEVICES INC | Technology | 10.2K | $3.3M | 1.8% | +11.1% |
| CAMT CAMTEK LTD | Other | 21.4K | $3.2M | 1.8% | -14.5% |
| TWLO TWILIO INC - A | Technology | 25.0K | $3.1M | 1.8% | Held |
| KLAC KLA CORP | Other | 2.0K | $2.9M | 1.7% | +22.3% |
| UBER UBER TECHNOLOGIES INC | Services media | 39.8K | $2.9M | 1.6% | +32.5% |
| AMAT APPLIED MATERIALS INC | Technology | 8.1K | $2.8M | 1.6% | -52.8% |
| NVMI NOVA LTD | Other | 6.0K | $2.6M | 1.5% | New |
| TXN TEXAS INSTRUMENTS INC | Technology | 13.2K | $2.6M | 1.5% | -22.2% |
| GNRC GENERAC HOLDINGS INC | Industrials | 12.9K | $2.5M | 1.4% | New |
| MDB MONGODB INC | Technology | 10.0K | $2.4M | 1.4% | +78.6% |
| SNOW SNOWFLAKE INC | Technology | 15.5K | $2.3M | 1.3% | +118.3% |
| CLBT CELLEBRITE DI LTD | Technology | 154.9K | $2.1M | 1.2% | +93.7% |
| WMT WALMART INC | Consumer discretionary | 16.0K | $2.0M | 1.1% | New |
| ANET ARISTA NETWORKS INC | Technology | 15.5K | $1.9M | 1.1% | New |
| ENPH ENPHASE ENERGY INC | Technology | 50.0K | $1.9M | 1.1% | -44.4% |
| ALGM ALLEGRO MICROSYSTEMS INC | Technology | 57.1K | $1.8M | 1.0% | +42.9% |
| WIX WIX.COM LTD | Technology | 20.0K | $1.8M | 1.0% | -20.0% |
| ON ON SEMICONDUCTOR | Technology | 27.5K | $1.7M | 1.0% | New |
| SMWB SIMILARWEB LTD | Technology | 615.0K | $1.6M | 0.9% | +28.1% |
| TTMI TTM TECHNOLOGIES | Technology | 15.0K | $1.5M | 0.8% | -19.4% |
| RBRK RUBRIK INC-A | Technology | 27.8K | $1.4M | 0.8% | +21.9% |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 7.4K | $1.3M | 0.7% | +48.0% |
| LSCC LATTICE SEMICONDUCTOR CORP | Technology | 12.3K | $1.1M | 0.6% | -38.5% |
| SMTC SEMTECH CORP | Technology | 14.5K | $1.1M | 0.6% | New |
| MNDY MONDAY.COM LTD | Technology | 15.0K | $1.0M | 0.6% | New |
| RTAC RENATUS TACTICAL ACQUISITI-A | Financials | 100.0K | $1.0M | 0.6% | Held |
| CRM SALESFORCE INC | Technology | 5.5K | $1.0M | 0.6% | -54.2% |
| TTD TRADE DESK INC/THE -CLASS A | Technology | 40.0K | $908K | 0.5% | New |
| FSLR FIRST SOLAR INC | Technology | 4.0K | $789K | 0.4% | Held |
| COMP COMPASS INC - CLASS A | Real estate | 100.0K | $731K | 0.4% | Held |
| SERV SERVE ROBOTICS INC | Industrials | 80.0K | $675K | 0.4% | Held |
| AAOI APPLIED OPTOELECTRONICS INC | Technology | 7.6K | $642K | 0.4% | New |
| SPWR SUNPOWER INC | Industrials | 433.5K | $551K | 0.3% | Held |
| S SENTINELONE INC -CLASS A | Technology | 40.0K | $515K | 0.3% | New |
| ODD ODDITY TECH LTD-CL A | Other | 35.0K | $468K | 0.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 55 | $177.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 62 | $293.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 67 | $317.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 66 | $199.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 66 | $154.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 62 | $172.9M | canonical | SEC ↗ |