Q4 2025 · 13F-HR
ION Fund Management Ltdholdings as filed
Filed 2026-02-17 · accession 0001178913-26-000526
$857.4M
Reported value
62
Positions
2025-12-31
Period end
The Brief · ION Fund Management Ltd · Q4 2025
AI · grounded in 13F
ION Fund Management Ltd established a new position in TEVA valued at $126.4M. The fund also initiated new stakes in DK for $52.4M and CHKP for $47.2M. Additional new positions include ILMN, DAC, and AER. The fund ended the period with 62 positions and total AUM of $857.4M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 881624209 | TEVA | TEVA PHARMACEUTICAL INDS LTD | $126.4M | 14.7% | 4,050,000 | Common | SOLE |
| 24665A103 | DK | DELEK US HLDGS INC NEW | $52.4M | 6.11% | 1,767,601 | Common | SOLE |
| M22465104 | CHKP | CHECK POINT SOFTWARE TECH LT | $47.2M | 5.50% | 254,122 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $43.5M | 5.08% | 332,000 | Common | SOLE |
| Y1968P121 | DAC | DANAOS CORPORATION | $39.5M | 4.61% | 419,815 | Common | SOLE |
| N00985106 | AER | AERCAP HOLDINGS NV | $38.1M | 4.44% | 265,000 | Common | SOLE |
| 049468101 | TEAM | ATLASSIAN CORPORATION | $37.4M | 4.36% | 230,700 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $33.0M | 3.85% | 650,000 | PUT | SOLE |
| 71880K101 | PHIN | PHINIA INC | $32.3M | 3.77% | 515,000 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $31.0M | 3.62% | 461,000 | Common | SOLE |
| 91912E105 | VALE | VALE S A | $30.1M | 3.51% | 2,307,100 | CALL | SOLE |
| G97822103 | PRGO | PERRIGO CO PLC | $24.5M | 2.86% | 1,760,000 | Common | SOLE |
| Y62267409 | NMM | NAVIOS MARITIME PARTNERS L P | $24.4M | 2.85% | 466,000 | Common | SOLE |
| 513272104 | LW | LAMB WESTON HLDGS INC | $23.6M | 2.75% | 562,314 | Common | SOLE |
| 83417M104 | SEDG | SOLAREDGE TECHNOLOGIES INC | $23.0M | 2.68% | 796,000 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $22.3M | 2.60% | 345,475 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $21.0M | 2.45% | 244,630 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $18.4M | 2.14% | 1,996,940 | Common | SOLE |
| H8817H100 | RIG | TRANSOCEAN LTD | $18.2M | 2.12% | 4,396,123 | Common | SOLE |
| 26614N102 | DD | DUPONT DE NEMOURS INC | $18.1M | 2.11% | 449,610 | Common | SOLE |
| 171779309 | CIEN | CIENA CORP | $17.8M | 2.07% | 76,000 | Common | SOLE |
| 74743L100 | Q | QNITY ELECTRONICS INC | $16.7M | 1.95% | 204,300 | Common | SOLE |
| 922280102 | VRNS | VARONIS SYS INC | $15.7M | 1.84% | 480,000 | Common | SOLE |
| 852234103 | XYZ | BLOCK INC | $11.7M | 1.37% | 180,000 | Common | SOLE |
| 21873S108 | CRWV | COREWEAVE INC | $10.5M | 1.23% | 146,900 | PUT | SOLE |
| 87305R109 | TTMI | TTM TECHNOLOGIES INC | $9.7M | 1.13% | 140,000 | Common | SOLE |
| 679295105 | OKTA | OKTA INC | $8.6M | 1.01% | 100,000 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $4.6M | 0.54% | 20,000 | Common | SOLE |
| 45841N107 | IBKR | INTERACTIVE BROKERS GROUP IN | $4.5M | 0.53% | 70,000 | Common | SOLE |
| M7S64H106 | MNDY | MONDAY COM LTD | $4.4M | 0.52% | 30,000 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $4.0M | 0.46% | 6,000 | Common | SOLE |
| M5216V106 | GLBE | GLOBAL E ONLINE LTD | $3.9M | 0.46% | 100,000 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $3.9M | 0.45% | 8,000 | Common | SOLE |
| 358054104 | FRSH | FRESHWORKS INC | $3.1M | 0.36% | 250,000 | Common | SOLE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $2.9M | 0.34% | 16,000 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $2.6M | 0.30% | 6,535 | Common | SOLE |
| 37954Y848 | SIL | GLOBAL X FDS | $2.4M | 0.28% | 28,655 | Common | SOLE |
| N5505D105 | MICC | MAGNUM ICE CREAM CO NV | $2.0M | 0.24% | 127,691 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $2.0M | 0.23% | 40,000 | Common | SOLE |
| 92189F791 | GDXJ | VANECK ETF TRUST | $2.0M | 0.23% | 17,370 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $1.7M | 0.20% | 10,000 | Common | SOLE |
| 962879102 | WPM | WHEATON PRECIOUS METALS CORP | $1.6M | 0.19% | 13,695 | Common | SOLE |
| 231021106 | CMI | CUMMINS INC | $1.6M | 0.18% | 3,085 | Common | SOLE |
| 69888T207 | PARR | PAR PAC HOLDINGS INC | $1.1M | 0.13% | 32,065 | Common | SOLE |
| 406216101 | HAL | HALLIBURTON CO | $1.0M | 0.12% | 36,300 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $997,619 | 0.12% | 8,290 | Common | SOLE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $962,881 | 0.11% | 3,335 | Common | SOLE |
| 806857108 | SLB | SLB LIMITED | $921,120 | 0.11% | 24,000 | Common | SOLE |
| 780287108 | RGLD | ROYAL GOLD INC | $911,389 | 0.11% | 4,100 | Common | SOLE |
| 84265V105 | SCCO | SOUTHERN COPPER CORP | $877,606 | 0.10% | 6,117 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $873,338 | 0.10% | 14,150 | Common | SOLE |
| 12662P108 | CVI | CVR ENERGY INC | $849,314 | 0.10% | 33,385 | Common | SOLE |
| 50077B207 | KTOS | KRATOS DEFENSE & SEC SOLUTIO | $836,149 | 0.10% | 11,015 | Common | SOLE |
| G9460G101 | VAL | VALARIS LTD | $820,260 | 0.10% | 16,275 | Common | SOLE |
| 553368101 | MP | MP MATERIALS CORP | $819,182 | 0.10% | 16,215 | Common | SOLE |
| 172573107 | CRCL | CIRCLE INTERNET GROUP INC | $793,000 | 0.09% | 10,000 | Common | SOLE |
| 75513E101 | RTX | RTX CORPORATION | $761,110 | 0.09% | 4,150 | Common | SOLE |
| Y2685T131 | GNK | GENCO SHIPPING & TRADING LTD | $672,050 | 0.08% | 36,465 | Common | SOLE |
| 61945C103 | MOS | MOSAIC CO NEW | $654,044 | 0.08% | 27,150 | Common | SOLE |
| G9456A100 | GLNG | GOLAR LNG LTD | $595,360 | 0.07% | 16,000 | Common | SOLE |
| Y8162K204 | SBLK | STAR BULK CARRIERS CORP. | $581,789 | 0.07% | 30,270 | Common | SOLE |
| 83601L102 | SHC | SOTERA HEALTH CO | $176,400 | 0.02% | 10,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.