# Migdal Insurance & Financial Holdings Ltd.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1415912. Source: https://holderbook.com/funds/1415912-migdal-insurance-financial-holdings-ltd/

- Reported value: $15.6B
- Positions: 364
- Weight of the ten largest: 47.8%
- Filed: 2026-08-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TEVA PHARMACEUTICAL INDS LTD | [TEVA](https://holderbook.com/stocks/TEVA/) | $1.3B | 38,922,212 | 8.4% | 31 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.1B | 5,647,173 | 6.9% | 20 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $917.9M | 4,955,697 | 5.9% | 31 |
| NOVA LTD | [NVMI](https://holderbook.com/stocks/NVMI/) | $879.9M | 1,620,657 | 5.6% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $787.5M | 2,228,776 | 5.0% | 31 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $651.1M | 992,691 | 4.2% | 10 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $504.8M | 2,522,968 | 3.2% | 31 |
| TOWER SEMICONDUCTOR LTD | [TSEM](https://holderbook.com/stocks/TSEM/) | $451.1M | 1,730,723 | 2.9% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $445.9M | 1,870,900 | 2.9% | 31 |
| CAMTEK LTD | [CAMT](https://holderbook.com/stocks/CAMT/) | $432.0M | 2,648,396 | 2.8% | 28 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $378.9M | 3,231,019 | 2.4% | 31 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $365.0M | 3,407,164 | 2.3% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $352.8M | 945,938 | 2.3% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $309.8M | 1,070,700 | 2.0% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $292.2M | 253,106 | 1.9% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $276.4M | 490,773 | 1.8% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $254.0M | 351,313 | 1.6% | 8 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $249.4M | 731,523 | 1.6% | 31 |
| INVESCO EXCH TRADED FD TR II | [KBWB](https://holderbook.com/stocks/KBWB/) | $245.7M | 2,642,750 | 1.6% | 12 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $243.8M | 4,589,946 | 1.6% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $234.4M | 489,910 | 1.5% | 31 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $214.3M | 1,965,000 | 1.4% | 31 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $206.6M | 1,023,178 | 1.3% | 19 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $167.2M | 385,544 | 1.1% | 7 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $164.1M | 390,184 | 1.0% | 28 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $164.0M | 1,033,549 | 1.0% | 27 |
| ENLIGHT RENEWABLE ENERGY LTD | [ENLT](https://holderbook.com/stocks/ENLT/) | $145.2M | 1,630,721 | 0.9% | 12 |
| INVESCO EXCH TRADED FD TR II | [CQQQ](https://holderbook.com/stocks/CQQQ/) | $144.8M | 2,539,000 | 0.9% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $144.5M | 382,416 | 0.9% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $141.6M | 562,561 | 0.9% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $134.2M | 231,000 | 0.9% | 1 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $131.1M | 432,731 | 0.8% | 10 |
| ORMAT TECHNOLOGIES INC | [ORA](https://holderbook.com/stocks/ORA/) | $130.8M | 1,201,526 | 0.8% | 31 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $127.6M | 676,000 | 0.8% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $122.8M | 375,197 | 0.8% | 31 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $120.0M | 1,324,838 | 0.8% | 31 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $111.7M | 1,480,000 | 0.7% | 2 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $107.2M | 320,066 | 0.7% | 2 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $101.2M | 1,887,945 | 0.6% | 31 |
| SOLAREDGE TECHNOLOGIES INC | [SEDG](https://holderbook.com/stocks/SEDG/) | $98.8M | 1,691,340 | 0.6% | 31 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $95.7M | 2,110,205 | 0.6% | 9 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $94.3M | 730,035 | 0.6% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $93.7M | 272,975 | 0.6% | 31 |
| SPDR SERIES TRUST | [XME](https://holderbook.com/stocks/XME/) | $88.8M | 830,230 | 0.6% | 2 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $86.2M | 1,696,180 | 0.6% | 11 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $86.0M | 865,892 | 0.5% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $81.0M | 158,939 | 0.5% | 31 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $80.7M | 325,080 | 0.5% | 5 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $80.2M | 285,327 | 0.5% | 10 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $76.3M | 604,000 | 0.5% | 4 |
| NICE LTD | [NICE](https://holderbook.com/stocks/NICE/) | $68.7M | 756,270 | 0.4% | 31 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $68.2M | 30,000 | 0.4% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $66.9M | 456,718 | 0.4% | 9 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $59.8M | 235,000 | 0.4% | 1 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $57.0M | 112,000 | 0.4% | 10 |
| PERSHING SQUARE USA LTD | [PSUS](https://holderbook.com/stocks/PSUS/) | $56.1M | 1,500,000 | 0.4% | 1 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $51.9M | 509,693 | 0.3% | 4 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $51.7M | 202,308 | 0.3% | 3 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $50.1M | 102,000 | 0.3% | 2 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $47.7M | 112,000 | 0.3% | 3 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $41.6M | 153,000 | 0.3% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $40.2M | 288,209 | 0.3% | 31 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $40.0M | 119,000 | 0.3% | 1 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $38.2M | 39,500 | 0.2% | 2 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $37.9M | 181,083 | 0.2% | 25 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $32.2M | 81,729 | 0.2% | 3 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $31.0M | 927,502 | 0.2% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $28.9M | 39,470 | 0.2% | 31 |
| UROGEN PHARMA LTD | [URGN](https://holderbook.com/stocks/URGN/) | $28.4M | 770,909 | 0.2% | 30 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $28.4M | 292,537 | 0.2% | 31 |
| GLOBAL E ONLINE LTD | [GLBE](https://holderbook.com/stocks/GLBE/) | $24.5M | 705,000 | 0.2% | 16 |
| ELBIT SYS LTD | [ESLT](https://holderbook.com/stocks/ESLT/) | $24.4M | 32,100 | 0.2% | 27 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $23.6M | 32,139 | 0.2% | 23 |
| TAT TECHNOLOGIES LTD | [TATT](https://holderbook.com/stocks/TATT/) | $22.7M | 470,025 | 0.1% | 4 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $20.8M | 327,500 | 0.1% | 2 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $20.4M | 12,000 | 0.1% | 2 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $20.3M | 80,582 | 0.1% | 19 |
| NAYAX LTD | [NYAX](https://holderbook.com/stocks/NYAX/) | $19.7M | 300,000 | 0.1% | 10 |
| CHECK POINT SOFTWARE TECH LT | [CHKP](https://holderbook.com/stocks/CHKP/) | $18.4M | 140,000 | 0.1% | 3 |
| PERSHING SQUARE INC | - | $14.8M | 450,000 | 0.1% | 1 |
| GILAT SATELLITE NETWORKS LTD | [GILT](https://holderbook.com/stocks/GILT/) | $14.5M | 1,091,053 | 0.1% | 9 |
| ISHARES TR | [QLTA](https://holderbook.com/stocks/QLTA/) | $13.5M | 283,943 | 0.1% | 26 |
| INVESCO EXCH TRD SLF IDX FD | [BSJQ](https://holderbook.com/stocks/BSJQ/) | $12.9M | 560,867 | 0.1% | 11 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $12.8M | 75,000 | 0.1% | 1 |
| PERION NETWORK LTD | [PERI](https://holderbook.com/stocks/PERI/) | $12.5M | 1,287,102 | 0.1% | 19 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $11.1M | 51,084 | 0.1% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $10.5M | 125,005 | 0.1% | 6 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $7.0M | 69,234 | 0.0% | 6 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $6.8M | 11,043 | 0.0% | 29 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $6.8M | 99,516 | 0.0% | 26 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $6.5M | 18,394 | 0.0% | 31 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $6.3M | 57,153 | 0.0% | 31 |
| ISHARES TR | [TLH](https://holderbook.com/stocks/TLH/) | $5.1M | 50,964 | 0.0% | 31 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $5.1M | 32,261 | 0.0% | 30 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $4.9M | 62,328 | 0.0% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $4.8M | 40,648 | 0.0% | 31 |
| FIRST TR EXCHANGE TRADED FD | [GRID](https://holderbook.com/stocks/GRID/) | $4.7M | 25,078 | 0.0% | 20 |
| FIRST TR EXCHANGE-TRADED FD | [LMBS](https://holderbook.com/stocks/LMBS/) | $4.4M | 87,761 | 0.0% | 31 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $4.3M | 36,351 | 0.0% | 5 |
| INVESCO EXCH TRADED FD TR II | [SPMO](https://holderbook.com/stocks/SPMO/) | $4.2M | 26,205 | 0.0% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +24.7% | +14.8% | +9.8% | 100% |
| Q1 2026 | -1.2% | -4.6% | +3.5% | 100% |
| Q4 2025 | +6.3% | +2.4% | +3.9% | 100% |
| Q3 2025 | +10.0% | +7.8% | +2.2% | 100% |
| Q2 2025 | +13.8% | +10.5% | +3.4% | 100% |
| Q1 2025 | -9.5% | -4.6% | -4.9% | 99% |
| Q4 2024 | +4.6% | +2.1% | +2.4% | 100% |
| Q3 2024 | +2.6% | +5.4% | -2.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $15.6B | 364 |
| Q1 2026 | $11.5B | 362 |
| Q4 2025 | $11.6B | 346 |
| Q3 2025 | $9.3B | 323 |
| Q2 2025 | $16.8B | 334 |
| Q1 2025 | $7.1B | 405 |
| Q4 2024 | $7.0B | 344 |
| Q3 2024 | $6.2B | 425 |
| Q2 2024 | $6.0B | 503 |
| Q1 2024 | $6.2B | 385 |
| Q4 2023 | $5.0B | 470 |
| Q3 2023 | $4.7B | 481 |