Stocks/Funds/CIK 2030525

Sphera Management Technology Funds Ltd

Quarterly 13F filings · Latest period 2026-03-31 · CIK 2030525
Assets
$164M
+36.9% YoY
Holdings
50
Lifetime alpha vs market
-2.91% annual
Average hold time
0.9 yr
median 1.0 yr

Quarterly history

Cum return +9% vs S&P +13% · α -4% lifetimeAUM $164M · peak $178MFlow $3M (+2%)2024-122025-032025-062025-092025-122026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+9.02%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.21%
baseline attrition
Rally response
-9.93%
trims into rallies
when a holding rises +10%+

Top positions · 30

Ticker$ value% portYoYHold time
AMZNAmazon.com, Inc.$13M7.8%+9.5%1.5 yr
MSFTMicrosoft Corporation$11M6.8%-0.6%1.5 yr
NVDANVIDIA Corporation$11M6.6%+60.9%1.5 yr
METAMeta Platforms, Inc.$10M6.3%-0.4%1.5 yr
GOOGAlphabet Inc.$9M5.4%+84.3%1.3 yr
TSLATesla, Inc.$9M5.3%+43.4%1.3 yr
AVGOBroadcom Inc.$9M5.2%+86.0%1.5 yr
AMDAdvanced Micro Devices, $8M5.0%+98.0%1.5 yr
INTCIntel Corporation$6M3.5%+94.3%1.3 yr
NOWServiceNow, Inc.$4M2.2%-34.3%0.5 yr
PANWPalo Alto Networks, Inc.$4M2.2%-6.0%0.8 yr
NFLXNetflix, Inc.$3M2.1%+3.1%1.3 yr
ORCLOracle Corporation$3M2.1%+5.9%0.8 yr
ADIAnalog Devices, Inc.$3M2.0%+60.2%1.0 yr
CAMTCamtek Ltd.$3M2.0%+158.6%1.5 yr

Portfolio composition (YoY)

Industry mix
Semiconductors36.5%+12.9pp$60M
Software - Infrastructure18.0%+9.6pp$30M
Internet Content & Information12.6%-4.4pp$21M
Specialty Retail7.8%-3.4pp$13M
Software - Application7.1%-15.8pp$12M
Auto - Manufacturers5.3%+2.2pp$9M
Entertainment2.1%+0.6pp$3M
Solar2.0%+0.0pp$3M
Industrial - Machinery1.9%+1.2pp$3M
Communication Equipment1.2%+0.6pp$2M
Country
US89.3%+9.1pp
IL7.6%-8.6pp
TW1.6%
FI1.2%
Unknown0.3%-1.3pp
Top 5: 32.8% · Top 10: 54.1% · Top 25: 80.8%

Winners

TickerPrev $PnLYoY %
AMD$4M+0.00B98.0%
AMAT$3M+0.00B137.6%
AVGO$4M+0.00B86.0%
CAMT$2M+0.00B158.6%
NVDA$4M+0.00B60.9%

Losers

TickerPrev $PnLYoY %
META$11M-0.00B-0.4%
MSFT$6M-0.00B-0.6%
UBER$3M-0.00B-1.3%

Top buys this quarter · 15

GOOG Alphabet Inc.+$4M
NFLX Netflix, Inc.+$3M
NOW ServiceNow, Inc.+$3M
GNRC Generac Holdings Inc.new+$3M
NVDA NVIDIA Corporation+$2M
WMT Walmart Inc.new+$2M
ANET Arista Networks, Inc.new+$2M
MSFT Microsoft Corporation+$11M
ON ON Semiconductor Corporationnew+$2M
TSLA Tesla, Inc.+$9M

Top sells this quarter · 15

AMAT Applied Materials, Inc.$3M
MRVL Marvell Technology, Inc.exit$3M
NICE NICE Ltd.exit$2M
U Unity Software Inc.exit$2M
CIEN Ciena Corporationexit$2M
COHR Coherent, Inc.exit$2M
NVMI Nova Ltd.$2M
META Meta Platforms, Inc.$2M
TSM Taiwan Semiconductor Manufactu$2M
SEDG SolarEdge Technologies, Inc.exit$2M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$164M50+24.83%+17.59%+7.24%+0.00B
2025-12-31$174M53+16.92%+17.72%-0.80%-0.01B
2025-09-30$178M57+10.59%+8.12%+2.47%+0.00B
2025-06-30$157M59+19.77%+10.78%+8.99%+0.01B
2025-03-31$120M57-13.08%-4.27%-8.82%+0.01B
2024-12-31$122M56