Value Base Ltd.
Long book
$126.9M
Q1 2026
Positions
7
Top-10 weight
100%
concentration
Last quarter
+24.9%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsValue Base Ltd. is a diversified fundamental manager, specialised in technology (100% of the long book), running a $126.9M US long book across 7 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: COGNYTE SOFTWARE LTD, VALENS SEMICONDUCTOR LTD, AUDIOCODES LTD, PERION NETWORK LTD, RADCOM LTD.
Over the last 6 quarters its long book ran on average 6.8pp per quarter behind the S&P 500, beating the index in 2 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
-19.2%
Q1 2025
+14.6%
Q2 2025
-15.6%
Q3 2025
-7.2%
Q4 2025
-10.4%
Q1 2026
+24.9%
Sector allocation
Technology 100%
Long book by quarter
What does Value Base own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CGNT COGNYTE SOFTWARE LTD | Technology | 6.2M | $50.5M | 39.8% | +9.1% |
| VLN VALENS SEMICONDUCTOR LTD | Technology | 21.5M | $24.3M | 19.1% | 0.0% |
| AUDC AUDIOCODES LTD | Technology | 2.6M | $22.1M | 17.4% | +30.2% |
| PERI PERION NETWORK LTD | Technology | 1.6M | $15.5M | 12.2% | Held |
| RDCM RADCOM LTD | Technology | 865.0K | $10.5M | 8.3% | Held |
| TEAD TEADS HOLDING CO | Technology | 5.8M | $3.8M | 3.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 9 | $126.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 10 | $133.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 9 | $141.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 9 | $175.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 10 | $152.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 10 | $163.3M | canonical | SEC ↗ |