# EDGAR Filing Document

**Accession Number:** 0002105906
**File Stem:** 0001178913-26-002740
**Filing Date:** 2026-5
**Character Count:** 10745
**Document Hash:** 7ee937089513a065c081523e2d2878c0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001178913-26-002740.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001178913-26-002740

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ION Fund Management Ltd
- **CENTRAL INDEX KEY:** 0002105906

**ORGANIZATION NAME:**
- **EIN:** 517179859
- **STATE OF INCORPORATION:** L3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26582
- **FILM NUMBER:** 26988492

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 89 MEDINAT HAYEHUDIM ST.
- **STREET 2:** BUILDING E, 13TH FLOOR
- **CITY:** HERZLIYA
- **PROVINCE COUNTRY:** L3
- **ZIP:** 4676672
- **BUSINESS PHONE:** 0097299703620

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 89 MEDINAT HAYEHUDIM ST.
- **STREET 2:** BUILDING E, 13TH FLOOR
- **CITY:** HERZLIYA
- **PROVINCE COUNTRY:** L3
- **ZIP:** 4676672

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** ION Fund Management Ltd<br>**Address:** 89 MEDINAT HAYEHUDIM ST.<br>BUILDING E 13TH FLOOR<br>Herzliya, L3 4676672

**Form 13F File Number:** 028-26582

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Jonathan Half / Stephen Levey<br>**Title:** Director<br>**Phone:** 972-9-970-3620

**Signature, Place, and Date of Signing:**

/s/ Jonathan Half   /s/ Stephen Levey  Herzliya, L3  05-11-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 68

**Form 13F Information Table Value Total:** $706674787

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name         | Form 13F File Number   |
|:---|:---|:---|
|  | ION Tech Ltd | 028-19552              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMAZON COM INC | COM | 023135106 |  | 4998480 | 24000 | SH |  | SOLE | 1 | 24000 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 4814400 | 80000 | SH |  | SOLE | 1 | 80000 | 0 | 0 |
| GLOBAL E ONLINE LTD | SHS | M5216V106 |  | 2468000 | 80000 | SH |  | SOLE | 1 | 80000 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 8381680 | 68000 | SH |  | SOLE | 1 | 68000 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 1536800 | 40000 | SH |  | SOLE | 1 | 40000 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 3148400 | 40000 | SH |  | SOLE | 1 | 40000 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 2565120 | 16000 | SH |  | SOLE | 1 | 16000 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 11231000 | 220000 | SH |  | SOLE | 1 | 220000 | 0 | 0 |
| TTM TECHNOLOGIES INC | COM | 87305R109 |  | 9742000 | 100000 | SH |  | SOLE | 1 | 100000 | 0 | 0 |
| ADVANCED ENERGY INDS | COM | 007973100 |  | 968130 | 3000 | SH |  | SOLE | 1 | 3000 | 0 | 0 |
| CHECK POINT SOFTWARE TECH L | T      ORD | M22465104 |  | 3714100 | 26000 | SH |  | SOLE | 1 | 26000 | 0 | 0 |
| FLOWSERVE CORP | COM | 34354P105 |  | 2499340 | 34000 | SH |  | SOLE | 1 | 34000 | 0 | 0 |
| FLUOR CORP | COM | 343412102 |  | 933000 | 20000 | SH |  | SOLE | 1 | 20000 | 0 | 0 |
| INTERACTIVE BROKERS GROUP I | N      COM CL A | 45841N107 |  | 2682800 | 40000 | SH |  | SOLE | 1 | 40000 | 0 | 0 |
| LITTELFUSE INC | COM | 537008104 |  | 2714800 | 8000 | SH |  | SOLE | 1 | 8000 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 1301910 | 3000 | SH |  | SOLE | 1 | 3000 | 0 | 0 |
| ONTO INNOVATION INC | COM | 683344105 |  | 6152100 | 30000 | SH |  | SOLE | 1 | 30000 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1356900 | 30000 | SH |  | SOLE | 1 | 30000 | 0 | 0 |
| ULTRA CLEAN HLDGS INC | COM | 90385V107 |  | 6839800 | 110000 | SH |  | SOLE | 1 | 110000 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 17147500 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 1867416 | 9200 | SH |  | SOLE |  | 9200 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 746890 | 10275 | SH |  | SOLE |  | 10275 | 0 | 0 |
| BRASKEM SA | SP ADR PFD A | 105532105 |  | 423462 | 115700 | SH |  | SOLE |  | 115700 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 10740383 | 27665 | SH |  | SOLE |  | 27665 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 798600 | 6050 | SH |  | SOLE |  | 6050 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 11380343 | 146900 | SH | Put | SOLE |  | 146900 | 0 | 0 |
| CVR ENERGY INC | COM | 12662P108 |  | 1123405 | 33385 | SH |  | SOLE |  | 33385 | 0 | 0 |
| DANAOS CORPORATION | SHS | Y1968P121 |  | 42929582 | 381122 | SH |  | SOLE |  | 381122 | 0 | 0 |
| DELEK US HLDGS INC NEW | COM | 24665A103 |  | 61745900 | 1370000 | SH |  | SOLE |  | 1370000 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1588018 | 9360 | SH |  | SOLE |  | 9360 | 0 | 0 |
| FLOWSERVE CORP | COM | 34354P105 |  | 11982130 | 163000 | SH |  | SOLE |  | 163000 | 0 | 0 |
| FLUOR CORP | COM | 343412102 |  | 13024680 | 279200 | SH |  | SOLE |  | 279200 | 0 | 0 |
| GENCO SHIPPING  TRADING LT | D      SHS | Y2685T131 |  | 822286 | 36465 | SH |  | SOLE |  | 36465 | 0 | 0 |
| GLOBAL E ONLINE LTD | SHS | M5216V106 |  | 2313750 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X SILVER | 37954Y848 |  | 1387232 | 15400 | SH |  | SOLE |  | 15400 | 0 | 0 |
| GOLAR LNG LTD | SHS | G9456A100 |  | 865760 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 1638555 | 42025 | SH |  | SOLE |  | 42025 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 39714372 | 322200 | SH |  | SOLE |  | 322200 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 1369614 | 20100 | SH |  | SOLE |  | 20100 | 0 | 0 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 |  | 1001410 | 119500 | SH |  | SOLE |  | 119500 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTI | O      COM NEW | 50077B207 |  | 776668 | 11015 | SH |  | SOLE |  | 11015 | 0 | 0 |
| MOSAIC CO | COM | 61945C103 |  | 692325 | 27150 | SH |  | SOLE |  | 27150 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 782536 | 16215 | SH |  | SOLE |  | 16215 | 0 | 0 |
| NAVIOS MARITIME PARTNERS LP | COM UNIT LPI | Y62267409 |  | 29080101 | 430944 | SH |  | SOLE |  | 430944 | 0 | 0 |
| NEXGEN ENERGY LTD | COM | 65340P106 |  | 30371120 | 2618200 | SH |  | SOLE |  | 2618200 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 957145 | 3335 | SH |  | SOLE |  | 3335 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 1067759 | 14150 | SH |  | SOLE |  | 14150 | 0 | 0 |
| PAR PAC HOLDINGS INC | COM NEW | 69888T207 |  | 2008552 | 32065 | SH |  | SOLE |  | 32065 | 0 | 0 |
| PETROLEO BRASILEIRO S A | SPONSORED ADR | 71654V408 |  | 1494000 | 72000 | SH |  | SOLE |  | 72000 | 0 | 0 |
| PETROLEO BRASILEIRO S A | SPONSORED ADR | 71654V408 |  | 12450000 | 600000 | SH | Call | SOLE |  | 600000 | 0 | 0 |
| PHINIA INC | COMMON STOCK | 71880K101 |  | 34904400 | 510000 | SH |  | SOLE |  | 510000 | 0 | 0 |
| QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 |  | 25568208 | 221600 | SH |  | SOLE |  | 221600 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 1043409 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 800535 | 4150 | SH |  | SOLE |  | 4150 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 1668633 | 32470 | SH |  | SOLE |  | 32470 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 45112375 | 883690 | SH |  | SOLE |  | 883690 | 0 | 0 |
| SOTERA HEALTH CO | COM | 83601L102 |  | 17113213 | 1193390 | SH |  | SOLE |  | 1193390 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 1061266 | 6168 | SH |  | SOLE |  | 6168 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 2170813 | 5045 | SH |  | SOLE |  | 5045 | 0 | 0 |
| STAR BULK CARRIERS CORP. | SHS PAR | Y8162K204 |  | 695302 | 30270 | SH |  | SOLE |  | 30270 | 0 | 0 |
| SUZANO S A | SPON ADS | 86959K105 |  | 750750 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LT | D      SPONSORED ADS | 881624209 |  | 116246423 | 3859443 | SH |  | SOLE |  | 3859443 | 0 | 0 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 29758092 | 4488400 | SH |  | SOLE |  | 4488400 | 0 | 0 |
| ULTRA CLEAN HLDGS INC | COM | 90385V107 |  | 14913997 | 239852 | SH |  | SOLE |  | 239852 | 0 | 0 |
| VALARIS LTD | CL A | G9460G101 |  | 1595601 | 16275 | SH |  | SOLE |  | 16275 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 1703961 | 107100 | SH |  | SOLE |  | 107100 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 27142460 | 1706000 | SH | Call | SOLE |  | 1706000 | 0 | 0 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 |  | 2085095 | 17370 | SH |  | SOLE |  | 17370 | 0 | 0 |

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