Migdal Insurance & Financial Holdings Ltd.

New 13F: Q3 2026

Migdal Insurance & Financial Holdings Ltd. filed its 13F for the quarter ended Sep 30, 2026 on Nov 9, 2026: $6.9B in AI and semiconductor stocks; $643.5M bought and $437.0M sold against its previous quarter, at the quarter's prices.

added to Apple (AAPL): +$131.2M at the quarter's price
added to Palo Alto Networks (PANW): +$125.2M at the quarter's price
trimmed Applied Materials (AMAT): -$113.1M at the quarter's price
added to Caterpillar (CAT): +$84.9M at the quarter's price
sold out of Sandisk (SNDK): -$68.2M at the quarter's price
added to Camtek (CAMT): +$64.0M at the quarter's price
trimmed Alphabet (GOOGL): -$63.9M at the quarter's price
trimmed Micron (MU): -$60.7M at the quarter's price
added to Credo (CRDO): +$52.8M at the quarter's price
added to Cisco (CSCO): +$43.3M at the quarter's price

Migdal Insurance & Financial Holdings Ltd. declares $6.9B in 68 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 43.9% of its $15.6B 13F portfolio. Largest positions: Nova (5.5% of the company) and Alphabet (0.02% of the company). Over time: $6.9B in 68 of these companies for Q2 2026, against $535.6M in 77 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $1.8B and sold $1.0B of these stocks, at the quarter's prices: a net purchase of $804.4M; 16 new positions and 10 sold out.

Performance of its AI picks

The AI-stock portfolio Migdal Insurance & Financial Holdings Ltd. declared for Q2 2026 (Form 13F), held unchanged, returned -2.7% in Q3 2026 (SMH -7.1%), ranked 1444 of 1,785 active managers. Over the last 12 months, quarter after quarter: +57.1% (SMH +87.2%), ranked 130 of 1,360 active managers. Over three years, quarter after quarter: +234.1% (SMH +325.8%), ranked 60 of 784 active managers. Over five years, quarter after quarter: +279.1% (SMH +389.8%), ranked 28 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

Nova (NVMI): $879.9M, 1.6M shares, 5.5% of the company, 5.6% of its portfolio (added this quarter); held since Q4 2019 or earlier
Alphabet (GOOGL): $794.0M, 2.2M shares, 0.02% of the company, 5.1% of its portfolio (added this quarter); held since Q4 2019 or earlier
NVIDIA (NVDA): $504.8M, 2.5M shares, 0.01% of the company, 3.2% of its portfolio (added this quarter); held since Q4 2019 or earlier
Tower Semiconductor (TSEM): $451.1M, 1.7M shares, 1.5% of the company, 2.9% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
Amazon (AMZN): $445.9M, 1.9M shares, 0.02% of the company, 2.9% of its portfolio (added this quarter); held since Q4 2019 or earlier
Camtek (CAMT): $432.0M, 2.6M shares, 5.8% of the company, 2.8% of its portfolio (added this quarter); held since Q4 2019 or earlier
Microsoft (MSFT): $352.8M, 945,938 shares, 0.01% of the company, 2.3% of its portfolio (added this quarter); held since Q4 2019 or earlier
Apple (AAPL): $309.8M, 1.1M shares, 0.01% of the company, 2.0% of its portfolio (added this quarter); held since Q4 2019 or earlier
Micron (MU): $292.2M, 253,106 shares, 0.02% of the company, 1.9% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
Meta Platforms (META): $276.4M, 490,773 shares, 0.02% of the company, 1.8% of its portfolio (added this quarter); held since Q4 2019 or earlier
Applied Materials (AMAT): $254.0M, 351,313 shares, 0.04% of the company, 1.6% of its portfolio (trimmed this quarter); held since Q3 2024
Palo Alto Networks (PANW): $249.4M, 731,523 shares, 0.09% of the company, 1.6% of its portfolio (added this quarter); held since Q4 2019 or earlier
TSMC (TSM): $234.4M, 489,910 shares, 0.01% of the company, 1.5% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
Lam Research (LRCX): $167.2M, 385,544 shares, 0.03% of the company, 1.1% of its portfolio (trimmed this quarter); held since Q2 2024
Broadcom (AVGO): $144.5M, 382,416 shares, 0.01% of the company, 0.92% of its portfolio (added this quarter); held since Q4 2019 or earlier

By sector

Cloud & AI giants: $2.2B, 32% of its AI holdings, 6 companies
Equipment & test: $1.7B, 25% of its AI holdings, 7 companies
Chips & compute: $1.5B, 22% of its AI holdings, 11 companies
AI software: $515.4M, 8% of its AI holdings, 15 companies
Memory & storage: $398.6M, 6% of its AI holdings, 4 companies
Power, electrical & cooling: $288.4M, 4% of its AI holdings, 13 companies
Optics: $84.2M, 1% of its AI holdings, 4 companies
Servers & systems: $81.6M, 1% of its AI holdings, 3 companies
Interconnect: $46.5M, 1% of its AI holdings, 3 companies
Neoclouds & data centers: $510,094.00, 0% of its AI holdings, 2 companies

Biggest changes this quarter

added to Alphabet (GOOGL): +$245.1M at the quarter's price
added to Microsoft (MSFT): +$211.2M at the quarter's price
trimmed TSMC (TSM): -$195.3M at the quarter's price
trimmed Lam Research (LRCX): -$168.8M at the quarter's price
added to Palo Alto Networks (PANW): +$139.0M at the quarter's price
opened a position in AMD (AMD): +$134.2M at the quarter's price
added to NVIDIA (NVDA): +$118.4M at the quarter's price
added to Camtek (CAMT): +$117.4M at the quarter's price
trimmed Sandisk (SNDK): -$116.0M at the quarter's price
added to Amazon (AMZN): +$105.5M at the quarter's price

Schedule 13D/G declarations

Camtek (CAMT): 13G filed Oct 20, 2026: 4.7M shares as of Oct 15, 2026, 10.1% as declared
Camtek (CAMT): 13G filed Oct 19, 2026: 4.4M shares as of Sep 30, 2026, 9.5% as declared
Camtek (CAMT): 13G filed Jul 23, 2026: 3.9M shares as of Jun 30, 2026, 8.3% as declared
Tower Semiconductor (TSEM): 13G filed Jul 23, 2026: 6.7M shares as of Jun 30, 2026, 6.0% as declared
Camtek (CAMT): 13G filed Feb 17, 2026: 2.3M shares as of Dec 31, 2025, 5.1% as declared

Other holders of this size

Lido Advisors, LLC: $6.8B in 149 of these companies
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/: $6.9B in 51 of these companies
GATES FOUNDATION TRUST: $6.8B in 1 of these companies
VOLORIDGE INVESTMENT MANAGEMENT, LLC: $6.9B in 91 of these companies
GUGGENHEIM CAPITAL LLC: $6.7B in 172 of these companies
AMALGAMATED BANK: $7.0B in 177 of these companies
VIKING GLOBAL INVESTORS LP: $6.7B in 10 of these companies
Gotham Asset Management, LLC: $7.0B in 164 of these companies

Follow Migdal Insurance & Financial Holdings Ltd.'s SEC filings (Atom feed)

All holders · Who owns each AI company · All tracked companies · The AI market