ION Fund Management Ltd
CIK 2105906 · View on SEC EDGAR ↗
- Portfolio value
- $1.4B
- Positions
- 56
- As of
- June 30, 2026
#1,985 of 9,443 by 13F value · top 21.0%
Portfolio value QoQ: +135.3% 13F does not disclose cash
- Top 10 holdings weight
- 87.38%
- Top 25 holdings weight
- 97.21%
- Positions above 1%
- 12
- Effective number of positions
- 3.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 12.27% Est. buys $856,212,754 · sells $119,188,294
- New positions
- 9
- Increased
- 17
- Decreased
- 13
- Closed
- 14
Put-notional exposure: 53.5% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 96.8% · Options excluded: 9.9%
Sector breakdown
Healthcare
15.3%
Energy
10.9%
Industrials
10.3%
Consumer Discretionary
7.2%
Technology
4.9%
Retail
0.8%
Financial Services
0.7%
Materials
0.7%
Consumer Staples
0.1%
Financials
0.1%
Other/Unmapped
49.2%
Full portfolio 56 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| QQQ Invesco QQQ Trust, Series 1 | $662,760,000 | 48.60% | 900,000 | Put option | Up ×1 | ||
| TEVA Teva Pharmaceutical Industries Limited American Depositary Shares | $141,644,115 | 10.39% | 4,180,759 | $25,397,692 | Up ×1 | ||
| DK Delek US Holdings, Inc. Common Stock | $75,292,341 | 5.52% | 1,481,841 | $13,546,441 | Up ×1 | ||
| SHC Sotera Health Company - Common Stock | $59,349,752 | 4.35% | 3,343,648 | $42,236,539 | Up ×2 | ||
| SMH SMH | $52,471,200 | 3.85% | 80,000 | Put option | Up ×1 | ||
| DAC Danaos Corporation Common Stock | $50,291,255 | 3.69% | 410,977 | $7,361,673 | Up ×1 | ||
| PHIN PHINIA Inc. Common Stock | $45,112,731 | 3.31% | 547,684 | $10,208,331 | Up ×1 | ||
| FLR Fluor Corporation Common Stock | $40,721,961 | 2.99% | 777,285 | $39,788,961 | Up ×1 | ||
| RIG Transocean Ltd (Switzerland) Common Stock | $33,007,500 | 2.42% | 6,750,000 | $3,249,408 | Up ×2 | ||
| NMM Navios Maritime Partners LP Common Units Representing Limited Partner Interests | $30,931,631 | 2.27% | 441,439 | $1,851,530 | Up ×1 | ||
| NXE Nexgen Energy Ltd. Common Shares | $30,803,810 | 2.26% | 3,280,491 | $432,690 | Up ×2 | ||
| CRWV CoreWeave, Inc. - Class A Common Stock | $14,622,426 | 1.07% | 146,900 | Put option | $3,242,083 | ||
| UCTT Ultra Clean Holdings, Inc. - Common Stock | $12,975,690 | 0.95% | 91,000 | $6,135,890 | Down ×1 | ||
| TTMI TTM Technologies, Inc. - Common Stock | $11,595,240 | 0.85% | 62,000 | $1,853,240 | Down ×2 | ||
| SEDG SolarEdge Technologies, Inc. - Common Stock | $9,350,400 | 0.69% | 160,000 | $-1,880,600 | Down ×1 | ||
| ONTO Onto Innovation Inc. Common Stock | $7,190,550 | 0.53% | 19,000 | $1,038,450 | Down ×1 | ||
| ILMN Illumina, Inc. - Common Stock | $7,033,200 | 0.52% | 40,000 | $-1,348,480 | Down ×1 | ||
| OKTA Okta, Inc. - Class A Common Stock | $6,822,500 | 0.50% | 50,000 | $3,674,100 | Up ×1 | ||
| VECO Veeco Instruments Inc. - Common Stock | $6,367,200 | 0.47% | 84,000 | Up ×1 | |||
| XYZ Block, Inc. Class A Common Stock, | $6,080,000 | 0.45% | 80,000 | $1,265,600 | |||
| AMZN Amazon.com, Inc. - Common Stock | $5,720,160 | 0.42% | 24,000 | $721,680 | |||
| GLBE Global-E Online Ltd. - ordinary shares | $4,862,200 | 0.36% | 140,000 | $2,394,200 | Up ×1 | ||
| PANW Palo Alto Networks, Inc. - Common Stock | $3,751,220 | 0.28% | 11,000 | $1,186,100 | Down ×1 | ||
| IBKR Interactive Brokers Group, Inc. - Class A Common Stock | $3,481,600 | 0.26% | 40,000 | $798,800 | |||
| FLS Flowserve Corporation Common Stock | $3,337,200 | 0.24% | 45,000 | $837,860 | Up ×1 | ||
| KRE | $2,878,731 | 0.21% | 38,460 | Up ×1 | |||
| GLD | $1,858,477 | 0.14% | 5,045 | $-312,336 | |||
| NET Cloudflare, Inc. Class A Common Stock | $1,716,960 | 0.13% | 7,000 | Up ×1 | |||
| VALE VALE S.A. American Depositary Shares Each Representing one common share | $1,610,784 | 0.12% | 107,100 | $-93,177 | |||
| VALE VALE S.A. American Depositary Shares Each Representing one common share | $1,594,240 | 0.12% | 106,000 | Call option | $-25,548,220 | Down ×2 | |
| ADM Archer-Daniels-Midland Company Common Stock | $1,579,570 | 0.12% | 20,675 | $832,680 | Up ×1 | ||
| PARR Par Pacific Holdings, Inc. Common Stock | $1,482,755 | 0.11% | 26,440 | $-525,797 | Down ×1 | ||
| TWLO Twilio Inc. Class A Common Stock | $1,444,310 | 0.11% | 7,000 | Up ×1 | |||
| AEM Agnico Eagle Mines Limited Common Stock | $1,427,196 | 0.10% | 9,200 | $-440,220 | |||
| SLB SLB Limited Common Shares | $1,365,411 | 0.10% | 29,370 | $-303,222 | Down ×1 | ||
| MDB MongoDB, Inc. - Class A Common Stock | $1,343,600 | 0.10% | 4,000 | Up ×1 | |||
| XOM Exxon Mobil Corporation Common Stock | $1,279,699 | 0.09% | 9,360 | $-308,319 | |||
| HAL Halliburton Company Common Stock | $1,278,218 | 0.09% | 37,650 | $-360,337 | Down ×1 | ||
| DAL Delta Air Lines, Inc. Common Stock | $1,252,703 | 0.09% | 13,375 | Up ×1 | |||
| NTR Nutrien Ltd. Common Shares | $1,221,230 | 0.09% | 19,400 | $153,471 | Up ×1 | ||
| SIL SIL | $1,192,884 | 0.09% | 15,400 | $-194,348 | |||
| PBR Petroleo Brasileiro S.A. Petrobras ADS | $1,163,520 | 0.09% | 72,000 | $-330,480 | |||
| SCCO Southern Copper Corporation Common Stock | $1,085,466 | 0.08% | 6,229 | $24,200 | Up ×2 | ||
| SLV | $1,074,747 | 0.08% | 20,100 | $-294,867 | |||
| AKAM Akamai Technologies, Inc. - Common Stock | $1,063,890 | 0.08% | 9,000 | Up ×1 | |||
| NSC Norfolk Southern Corporation Common Stock | $1,049,158 | 0.08% | 3,335 | $92,013 | |||
| VAL Valaris Limited Common Shares | $1,037,817 | 0.08% | 14,295 | $-557,784 | Down ×1 | ||
| GDXJ | $1,016,888 | 0.07% | 10,350 | $-1,068,207 | Down ×1 | ||
| ITUB Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) | $976,315 | 0.07% | 119,500 | $-25,095 | |||
| COP ConocoPhillips Common Stock | $954,353 | 0.07% | 9,180 | $155,753 | Up ×1 | ||
| MP MP Materials Corp. Common Stock | $908,202 | 0.07% | 16,215 | $125,666 | |||
| RGLD Royal Gold, Inc. - Common Stock | $818,401 | 0.06% | 4,100 | $-225,008 | |||
| GLNG Golar LNG Limited - Common Shares | $797,440 | 0.06% | 16,000 | $-68,320 | |||
| SBLK Star Bulk Carriers Corp. - Common Shares | $755,842 | 0.06% | 30,270 | $60,540 | |||
| GNK Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) | $526,947 | 0.04% | 21,265 | $-295,339 | Down ×1 | ||
| BAK Braskem SA ADR | $290,360 | 0.02% | 119,000 | $-133,102 | Up ×1 | ||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| SHC | Bought more | +2.2M | +$42.2M |
| TEVA | Bought more | +321K | +$25.4M |
| DK | Bought more | +112K | +$13.5M |
| PHIN | Bought more | +38K | +$10.2M |
| DAC | Bought more | +30K | +$7.4M |
| UCTT | Trimmed | -19K | +$6.1M |
| OKTA | Bought more | +10K | +$3.7M |
| RIG | Bought more | +2.3M | +$3.2M |
| CRWV | Price move only | +0 | +$3.2M |
| GLBE | Bought more | +60K | +$2.4M |
2 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| FCX | March 31, 2026 | 650,000 | $33,013,500 | 16.4% |
| Q | June 30, 2026 | 221,600 | $25,568,208 | -22.4% |
| PRGO | March 31, 2026 | 1,760,000 | $24,499,200 | 28.4% |
| LW | March 31, 2026 | 562,314 | $23,555,333 | 28.1% |
| GDX | March 31, 2026 | 244,630 | $20,981,915 | No longer tracked |
| DD | March 31, 2026 | 449,610 | $18,074,322 | 205.1% |
| AER | June 30, 2026 | 125,000 | $17,147,500 | 1.5% |
| CIEN | June 30, 2026 | 27,665 | $10,740,383 | -20.0% |
| TEAM | March 31, 2026 | 50,000 | $8,107,000 | 157.5% |
| VRNS | March 31, 2026 | 200,000 | $6,560,000 | 94.7% |
| CSGP | March 31, 2026 | 75,000 | $5,043,000 | -17.0% |
| MNDY | March 31, 2026 | 30,000 | $4,426,800 | 31.3% |
| META | March 31, 2026 | 6,000 | $3,960,540 | -4.4% |
| MSFT | March 31, 2026 | 8,000 | $3,868,960 | 30.5% |
| CHKP | June 30, 2026 | 26,000 | $3,714,100 | 1.0% |
| FRSH | March 31, 2026 | 250,000 | $3,062,500 | 62.4% |
| LFUS | June 30, 2026 | 8,000 | $2,714,800 | -10.3% |
| MICC | March 31, 2026 | 127,691 | $2,023,902 | 32.2% |
| WPM | March 31, 2026 | 13,695 | $1,609,436 | 12.5% |
| CMI | March 31, 2026 | 3,085 | $1,574,738 | 11.9% |
| IBIT | June 30, 2026 | 40,000 | $1,536,800 | |
| PYPL | June 30, 2026 | 30,000 | $1,356,900 | 42.9% |
| MSI | June 30, 2026 | 3,000 | $1,301,910 | 16.3% |
| CVI | June 30, 2026 | 33,385 | $1,123,405 | 35.1% |
| AEIS | June 30, 2026 | 3,000 | $968,130 | -21.9% |
| RTX | June 30, 2026 | 4,150 | $800,535 | 14.5% |
| CRCL | March 31, 2026 | 10,000 | $793,000 | -14.6% |
| KTOS | June 30, 2026 | 11,015 | $776,668 | 17.0% |
| SUZ | June 30, 2026 | 75,000 | $750,750 | 8.0% |
| MOS | June 30, 2026 | 27,150 | $692,325 | 8.0% |