Institutional Manager · CIK 0001429390

Harel Insurance Investments & Financial Services Ltd.

Ramat Gan, L3 · File #028-17288

Latest AUM

$11.5M

Positions

435

Top-10 Concentration

48.9%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	SELECT SECTOR SPDR TR	81369Y605	-11,355,091	-$621,834	+$10,176
REDUCE	INVESCO EXCH TRADED FD TR II	IVZ	-4,177,000	-$350,329	+$23,649
REDUCE	VANGUARD WORLD FD	92204A702	-402,868	-$303,674	+$5,289
NEW	GLOBAL X FDS	37960A438	+3,000,000	+$301,029	$0
ADD	VANECK ETF TRUST	92189F676	+735,425	+$264,849	+$15,652
ADD	SELECT SECTOR SPDR TR	81369Y407	+1,995,991	+$238,332	-$58,257
REDUCE	VANGUARD INTL EQUITY INDEX F	922042866	-2,580,000	-$230,760	+$4,144
ADD	TEVA PHARMACEUTICAL INDS LTD	881624209	+7,255,083	+$226,431	+$415,059
REDUCE	SELECT SECTOR SPDR TR	81369Y308	-2,792,279	-$215,754	-$3,086
REDUCE	VANGUARD WORLD FD	92204A504	-759,070	-$202,419	+$5,365

Sector Allocation

Technology

22.4%$2.6M

Consumer Discretionary

3.9%$447,193

Financials

2.1%$246,784

Utilities

1.9%$220,651

Industrials

1.5%$172,450

Communication Services

1.5%$173,040

0.6%$67,520

0.2%$19,749

0.1%$12,404

0.0%$416

0.0%$21

Filing History

Feb 3, 202613F HOLDINGS REPORTQ/E Dec 2025435 pos · $11.5M
Oct 29, 202513F HOLDINGS REPORTQ/E Sep 2025469 pos · $11.1M
Aug 5, 202513F HOLDINGS REPORTQ/E Jun 2025437 pos · $8.7M
Apr 29, 202513F HOLDINGS REPORTQ/E Mar 2025481 pos · $7.6M
Jan 21, 202513F HOLDINGS REPORTQ/E Dec 2024474 pos · $6.1M
Oct 15, 202413F HOLDINGS REPORTQ/E Sep 2024493 pos · $5.8M
Jul 22, 202413F HOLDINGS REPORTQ/E Jun 2024547 pos · $5.3M
Apr 30, 202413F HOLDINGS REPORTQ/E Mar 2024539 pos · $5.2M
Oct 30, 202313F HOLDINGS REPORTQ/E Dec 2023683 pos · $5.1M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	TEVA PHARMACEUTICAL INDS LTD	881624209	44,951,773	$1.4M	13.25%
2	SELECT SECTOR SPDR TR	81369Y209	4,224,401	$653,925	6.18%
3	ALPHABET INC	GOOG	1,578,043	$493,927	4.67%
4	NOVA LTD	NVMI	1,468,863	$482,360	4.56%
5	VANECK ETF TRUST	92189F676	1,198,897	$431,759	4.08%
6	SELECT SECTOR SPDR TR	81369Y803	2,908,013	$418,625	3.96%
7	TAIWAN SEMICONDUCTOR MFG LTD	874039100	1,206,849	$366,746	3.46%
8	NVIDIA CORPORATION	NVDA	1,769,941	$330,084	3.12%
9	GLOBAL X FDS	37960A438	3,000,000	$301,029	2.84%
10	AMAZON COM INC	AMZN	1,298,444	$299,700	2.83%
11	GLOBAL X FDS	37954Y673	6,239,139	$299,095	2.83%
12	SELECT SECTOR SPDR TR	81369Y407	2,480,601	$296,197	2.80%
13	MICROSOFT CORP	MSFT	568,062	$274,716	2.60%
14	TOWER SEMICONDUCTOR LTD	TSEM	2,318,130	$272,195	2.57%
15	SELECT SECTOR SPDR TR	81369Y886	6,215,695	$265,342	2.51%
16	VANGUARD WORLD FD	92204A702	336,862	$253,920	2.40%
17	FIRST TR EXCHANGE TRADED FD	33737A108	1,527,000	$233,662	2.21%
18	FIDELITY COVINGTON TRUST	316092873	2,990,672	$219,156	2.07%
19	ISHARES TR	464288794	1,178,736	$211,430	2.00%
20	CAMTEK LTD	CAMT	1,665,236	$177,090	1.67%