# EDGAR Filing Document

**Accession Number:** 0002030525
**File Stem:** 0002030525-26-000001
**Filing Date:** 2026-2
**Character Count:** 9736
**Document Hash:** cad37a34bc98d8e28d124a0a7d35fc22
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002030525-26-000001.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0002030525-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sphera Management Technology Funds Ltd
- **CENTRAL INDEX KEY:** 0002030525

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** L3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25263
- **FILM NUMBER:** 26640534

**BUSINESS ADDRESS:**
- **STREET 1:** 4 ITZHAK SADE BUILDING A
- **STREET 2:** 29TH FLOOR
- **CITY:** TEL AVIV
- **STATE:** L3
- **ZIP:** 6777520
- **BUSINESS PHONE:** 972-3-6845535

**MAIL ADDRESS:**
- **STREET 1:** 4 ITZHAK SADE BUILDING A
- **STREET 2:** 29TH FLOOR
- **CITY:** TEL AVIV
- **STATE:** L3
- **ZIP:** 6777520

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** Sphera Management Technology Funds Ltd<br>**Address:** 4 ITZHAK SADE BUILDING A<br>29TH FLOOR<br>TEL AVIV, L3 6777520

**Form 13F File Number:** 028-25263

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:** Oshrat Levi<br>**Title:** Chief Financial Officer<br>**Phone:** 972 3 6845617

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

Oshrat Levi  Tel Aviv, L3  02-17-2026<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:** 0

**Form 13F Information Table Entry Total:** 62

**Form 13F Information Table Value Total:** $292974834

      (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.]

**NONE**

### 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 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 8566400 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| ALLEGRO MICROSYSTEMS INC | COM | 01749D105 |  | 1055200 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 5027076 | 16020 | SH |  | SOLE |  | 16020 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 13849200 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 2495040 | 9200 | SH |  | SOLE |  | 9200 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 4407379 | 17150 | SH |  | SOLE |  | 17150 | 0 | 0 |
| BILL HOLDINGS INC | NOTE 4/0 | 090043AF7 |  | 1150300 | 1250000 | SH |  | SOLE |  | 1250000 | 0 | 0 |
| BOX INC | NOTE 1.500% 9/1 | 10316TAD6 |  | 1959293 | 2000000 | SH |  | SOLE |  | 2000000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 9310090 | 26900 | SH |  | SOLE |  | 26900 | 0 | 0 |
| CAMTEK LTD | ORD | M20791105 |  | 2658625 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| CELLEBRITE DI LTD | ORDINARY SHARES | M2197Q107 |  | 1442400 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 1169350 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 1476560 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 1130700 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| COMPASS INC | CL A | 20464U100 |  | 1057000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 2884500 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 1044920 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 5904000 | 160000 | SH |  | SOLE |  | 160000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 95218050 | 155000 | SH | Put | SOLE |  | 155000 | 0 | 0 |
| JFROG LTD | ORD SHS | M6191J100 |  | 2017458 | 32300 | SH |  | SOLE |  | 32300 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 1986656 | 1635 | SH |  | SOLE |  | 1635 | 0 | 0 |
| LATTICE SEMICONDUCTOR CORP | COM | 518415104 |  | 1471600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 2447424 | 28800 | SH |  | SOLE |  | 28800 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 13861890 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 12090500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 2350264 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| NICE LTD | SPONSORED ADR | 653656108 |  | 2260800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| NICE LTD | SPONSORED ADR | 653656108 |  | 3956400 | 35000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| NOKIA CORP | SPONSORED ADR | 654902204 |  | 2070400 | 320000 | SH |  | SOLE |  | 320000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 9007950 | 48300 | SH |  | SOLE |  | 48300 | 0 | 0 |
| ODDITY TECH LTD | SHS CL A | M7518J104 |  | 1406300 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 5/0 | 682189AS4 |  | 4769600 | 4000000 | SH |  | SOLE |  | 4000000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 2923650 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| OSCAR HEALTH INC | CL A | 687793109 |  | 862200 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 3757680 | 20400 | SH |  | SOLE |  | 20400 | 0 | 0 |
| PAYONEER GLOBAL INC | COM | 70451X104 |  | 1011600 | 180000 | SH |  | SOLE |  | 180000 | 0 | 0 |
| RENATUS TACTICAL ACQUIS | SHS CL A | G7490F101 |  | 1067000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| RUBRIK INC. | CL A | 781154109 |  | 1743744 | 22800 | SH |  | SOLE |  | 22800 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 3178920 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| SANMINA CORPORATION | COM | 801056102 |  | 1200560 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| SENTINELONE INC | CL A | 81730H109 |  | 2700000 | 180000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| SERVE ROBOTICS INC | COM | 81758H106 |  | 830400 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 1409348 | 9200 | SH |  | SOLE |  | 9200 | 0 | 0 |
| SIMILARWEB LTD | SHS | M84137104 |  | 3595200 | 480000 | SH |  | SOLE |  | 480000 | 0 | 0 |
| SNOWFLAKE INC | NOTE 10/0 | 833445AD1 |  | 1546680 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 1557456 | 7100 | SH |  | SOLE |  | 7100 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | NOTE 2.250% 7/0 | 83417MAE4 |  | 5521842 | 4700000 | SH |  | SOLE |  | 4700000 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 865500 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| SOLARIS ENERGY INFRAS INC | COM CL A | 83418M103 |  | 919400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| SUNPOWER INC | COM | 20460L104 |  | 680595 | 433500 | SH |  | SOLE |  | 433500 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 3950570 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 9052864 | 20130 | SH |  | SOLE |  | 20130 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 2949330 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| TTM TECHNOLOGIES INC | COM | 87305R109 |  | 1283400 | 18600 | SH |  | SOLE |  | 18600 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 3556000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 2451300 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 4417000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| VARONIS SYS INC | NOTE 1.000% 9/1 | 922280AD4 |  | 2334686 | 2500000 | SH |  | SOLE |  | 2500000 | 0 | 0 |
| VARONIS SYS INC | COM | 922280102 |  | 1148000 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 2597250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 1138334 | 5300 | SH |  | SOLE |  | 5300 | 0 | 0 |
| ZETA GLOBAL HOLDINGS CORP | CL A | 98956A105 |  | 1221000 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |

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