Institutional
ION Fund Management Ltd
CIK 0002105906
$706.7M
Reported AUM
60
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · ION Fund Management Ltd · Q1 2026
AI · grounded in 13F
ION Fund Management Ltd closed its position in TEAM, reducing exposure by $37.4M. The fund also exited positions in FCX and CSGP, totaling $33M and $31M respectively. On the buy side, the fund established a new position in UCTT worth $21.7M and added FLS with a $14.4M investment. Additionally, the fund increased its share count in SHC by 11,833.9%.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | TEVA | TEVA PHARMACEUTICAL INDS LT | $35.41 | 2.02% | 130.23% | 275.90% | $116.2M | 16.45% | — | HELD |
| 2 | DK | DELEK US HLDGS INC NEW | $67.71 | 4.30% | 237.07% | 369.13% | $61.7M | 8.74% | — | HELD |
| 3 | SEDG | SOLAREDGE TECHNOLOGIES INC | $41.76 | 6.97% | 63.44% | -85.59% | $56.3M | 7.97% | — | HELD |
| 4 | ILMN | ILLUMINA INC | $205.09 | 5.27% | 116.66% | -53.88% | $48.1M | 6.81% | — | HELD |
| 5 | DAC | DANAOS CORPORATION | $142.07 | 2.50% | 59.26% | 102.86% | $42.9M | 6.07% | — | HELD |
| 6 | PHIN | PHINIA INC | $73.06 | -11.04% | 40.42% | 158.48% | $34.9M | 4.94% | — | HELD |
| 7 | NXE | NEXGEN ENERGY LTD | $9.32 | 4.37% | 42.15% | 95.75% | $30.4M | 4.30% | — | HELD |
| 8 | RIG | TRANSOCEAN LTD | $5.08 | 2.63% | 75.53% | 39.04% | $29.8M | 4.21% | — | HELD |
| 9 | NMM | NAVIOS MARITIME PARTNERS LP | $79.27 | 1.62% | 90.46% | 179.86% | $29.1M | 4.12% | — | HELD |
| 10 | VALE | VALE S A | $14.99 | 2.32% | 68.16% | 27.92% | $28.8M | 4.08% | — | HELD |
| 11 | Q | QNITY ELECTRONICS INC | $130.52 | 5.78% | 37.65% | 61.14% | $25.6M | 3.62% | — | HELD |
| 12 | UCTT | ULTRA CLEAN HLDGS INC | $83.23 | 19.63% | 265.94% | 76.48% | $21.8M | 3.08% | — | HELD |
| 13 | AER | AERCAP HOLDINGS NV | $152.87 | 2.85% | 38.23% | 181.47% | $17.1M | 2.43% | — | HELD |
| 14 | SHC | SOTERA HEALTH CO | $17.85 | 1.83% | 57.22% | -28.33% | $17.1M | 2.42% | — | HELD |
| 15 | FLS | FLOWSERVE CORP | $75.32 | 7.69% | 44.75% | 118.63% | $14.5M | 2.05% | — | HELD |
| 16 | FLR | FLUOR CORP | $50.07 | 6.92% | 17.49% | 192.11% | $14.0M | 1.98% | — | HELD |
| 17 | PBR | PETROLEO BRASILEIRO S A | $19.12 | 2.85% | 55.84% | 435.56% | $13.9M | 1.97% | — | HELD |
| 18 | CRWV | COREWEAVE INC | $73.90 | 21.51% | -32.84% | 69.35% | $11.4M | 1.61% | — | HELD |
| 19 | CIEN | CIENA CORP | $372.07 | 12.62% | 302.78% | 524.86% | $10.7M | 1.52% | — | HELD |
| 20 | TTMI | TTM TECHNOLOGIES INC | $115.51 | 13.50% | 166.52% | 725.07% | $9.7M | 1.38% | — | HELD |
| 21 | ONTO | ONTO INNOVATION INC | $250.52 | 14.75% | 131.51% | 194.50% | $6.2M | 0.87% | — | HELD |
| 22 | AMZN | AMAZON COM INC | $235.50 | 3.90% | 9.66% | 35.70% | $5.0M | 0.71% | — | HELD |
| 23 | XYZ | BLOCK INC | $82.59 | 0.50% | 11.56% | -69.19% | $4.8M | 0.68% | — | HELD |
| 24 | GLBE | GLOBAL E ONLINE LTD | $39.87 | -0.97% | 26.89% | -49.51% | $4.8M | 0.68% | — | HELD |
| 25 | CHKP | CHECK POINT SOFTWARE TECH L | $128.23 | -8.19% | -32.00% | 2.07% | $3.7M | 0.53% | — | HELD |
| 26 | OKTA | OKTA INC | $140.42 | 2.56% | 47.61% | -46.73% | $3.1M | 0.45% | — | HELD |
| 27 | LFUS | LITTELFUSE INC | $442.00 | 7.68% | 78.47% | 62.88% | $2.7M | 0.38% | — | HELD |
| 28 | IBKR | INTERACTIVE BROKERS GROUP I | $90.48 | 4.89% | 42.90% | 474.46% | $2.7M | 0.38% | — | HELD |
| 29 | PANW | PALO ALTO NETWORKS INC | $325.68 | 3.67% | 81.72% | 308.84% | $2.6M | 0.36% | — | HELD |
| 30 | GLD | SPDR GOLD TR | $377.16 | 1.64% | 20.05% | 118.68% | $2.2M | 0.31% | — | HELD |
| 31 | GDXJ | VANECK ETF TRUST | $99.04 | 4.27% | — | — | $2.1M | 0.30% | — | HELD |
| 32 | PARR | PAR PAC HOLDINGS INC | $85.91 | 3.42% | — | — | $2.0M | 0.28% | — | HELD |
| 33 | AEM | AGNICO EAGLE MINES LTD | $150.75 | 4.38% | — | — | $1.9M | 0.26% | — | HELD |
| 34 | SLB | SLB LIMITED | $48.91 | -0.10% | — | — | $1.7M | 0.24% | — | HELD |
| 35 | HAL | HALLIBURTON CO | $31.64 | 1.44% | — | — | $1.6M | 0.23% | — | HELD |
| 36 | VAL | VALARIS LTD | $75.58 | 1.89% | — | — | $1.6M | 0.23% | — | HELD |
| 37 | XOM | EXXON MOBIL CORP | $156.97 | 0.14% | — | — | $1.6M | 0.22% | — | HELD |
| 38 | IBIT | ISHARES BITCOIN TRUST ETF | $36.70 | 1.94% | — | — | $1.5M | 0.22% | — | HELD |
| 39 | SIL | GLOBAL X FDS | $76.19 | 4.46% | — | — | $1.4M | 0.20% | — | HELD |
| 40 | SLV | ISHARES SILVER TR | $53.50 | 3.34% | — | — | $1.4M | 0.19% | — | HELD |
| 41 | PYPL | PAYPAL HLDGS INC | $57.65 | -1.20% | — | — | $1.4M | 0.19% | — | HELD |
| 42 | MSI | MOTOROLA SOLUTIONS INC | $430.82 | -0.78% | — | — | $1.3M | 0.18% | — | HELD |
| 43 | CVI | CVR ENERGY INC | $38.08 | 9.99% | — | — | $1.1M | 0.16% | — | HELD |
| 44 | NTR | NUTRIEN LTD | $70.72 | 0.18% | — | — | $1.1M | 0.15% | — | HELD |
| 45 | SCCO | SOUTHERN COPPER CORP | $185.00 | 5.43% | — | — | $1.1M | 0.15% | — | HELD |
| 46 | RGLD | ROYAL GOLD INC | $203.04 | 3.87% | — | — | $1.0M | 0.15% | — | HELD |
| 47 | ITUB | ITAU UNIBANCO HLDG S A | $8.44 | 3.56% | — | — | $1.0M | 0.14% | — | HELD |
| 48 | AEIS | ADVANCED ENERGY INDS | $274.26 | 8.62% | — | — | $968K | 0.14% | — | HELD |
| 49 | NSC | NORFOLK SOUTHN CORP | $333.93 | -0.54% | — | — | $957K | 0.14% | — | HELD |
| 50 | GLNG | GOLAR LNG LTD | $48.24 | 1.88% | — | — | $866K | 0.12% | — | HELD |
| 51 | GNK | GENCO SHIPPING & TRADING LT | $25.98 | 3.01% | — | — | $822K | 0.12% | — | HELD |
| 52 | RTX | RTX CORPORATION | $214.38 | -0.40% | — | — | $801K | 0.11% | — | HELD |
| 53 | COP | CONOCOPHILLIPS | $119.03 | 0.82% | — | — | $799K | 0.11% | — | HELD |
| 54 | MP | MP MATERIALS CORP | $41.66 | 9.34% | — | — | $783K | 0.11% | — | HELD |
| 55 | KTOS | KRATOS DEFENSE & SEC SOLUTI | $46.17 | 5.22% | — | — | $777K | 0.11% | — | HELD |
| 56 | SUZ | SUZANO S A | $8.44 | 1.69% | — | — | $751K | 0.11% | — | HELD |
| 57 | ADM | ARCHER DANIELS MIDLAND CO | $80.61 | 0.29% | — | — | $747K | 0.11% | — | HELD |
| 58 | SBLK | STAR BULK CARRIERS CORP. | $29.15 | 6.43% | — | — | $695K | 0.10% | — | HELD |
| 59 | MOS | MOSAIC CO | $22.77 | 0.66% | — | — | $692K | 0.10% | — | HELD |
| 60 | BAK | BRASKEM SA | $2.41 | 6.64% | — | — | $423K | 0.06% | — | HELD |
Source: SEC EDGAR · accession 0001178913-26-002740. 13F discloses long positions only — shorts, foreign equities, and options are excluded.