# EDGAR Filing Document

**Accession Number:** 0001634208
**File Stem:** 0001178913-25-003513
**Filing Date:** 2025-10
**Character Count:** 21766
**Document Hash:** 8059d097e9d863346327d2e9939464bf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001178913-25-003513.hdr.sgml**: 20251020

**ACCESSION NUMBER**: 0001178913-25-003513

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251020

**DATE AS OF CHANGE**: 20251020

**EFFECTIVENESS DATE**: 20251020

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Analyst IMS Investment Management Services Ltd.
- **CENTRAL INDEX KEY:** 0001634208

**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:** 028-16827
- **FILM NUMBER:** 251402231

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 46 ROTHSCHILD BLVD
- **CITY:** TEL-AVIV
- **PROVINCE COUNTRY:** L3
- **ZIP:** 66883
- **BUSINESS PHONE:** 972-3-7147147

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 46 ROTHSCHILD BLVD
- **CITY:** TEL-AVIV
- **PROVINCE COUNTRY:** L3
- **ZIP:** 66883

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Analyst IMS Investment Management Services Ltd.<br>**Address:** 46 Rothschild Blvd<br>Tel-aviv, L3 66883

**Form 13F File Number:** 028-16827

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:** Itzik Shenidovski<br>**Title:** CEO<br>**Phone:** 972-3-7147147

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

/s/ Itzik Shenidovski  Tel Aviv, L3  09-19-2025<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:** 2

**Form 13F Information Table Entry Total:** 188

**Form 13F Information Table Value Total:** $3216602

      (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   |
|:---|:---|:---|
|  | Analyst Provident Funds Ltd.           | 028-16826              |
|  | Analyst I.M.S. Mutual Funds Management | 028-20367              |

### 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 |
| ABBOTT LABS | COM | 002824100 |  | 432 | 3229 | SH |  | DFND | 2 | 3229 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 639 | 2761 | SH |  | DFND | 2 | 2761 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 3162 | 19542 | SH |  | DFND | 2 | 19542 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 49804 | 597603 | SH |  | DFND | 1 | 597603 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 2253 | 27030 | SH |  | DFND | 2 | 27030 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 8404 | 100838 | SH |  | DFND |  | 0 | 0 | 100838 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 7204 | 40305 | SH |  | DFND | 1 | 40305 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 10081 | 41390 | SH |  | DFND | 1 | 41390 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 292 | 1200 | SH |  | DFND | 1 | 1200 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 14693 | 60327 | SH |  | DFND | 2 | 60327 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3463 | 14245 | SH |  | DFND | 2 | 14245 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 776 | 3186 | SH |  | DFND |  | 0 | 0 | 3186 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 342 | 1407 | SH |  | DFND |  | 0 | 0 | 1407 |
| AMAZON COM INC | COM | 023135106 |  | 2996 | 13644 | SH |  | DFND | 1 | 13644 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 13252 | 60356 | SH |  | DFND | 2 | 60356 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 209 | 954 | SH |  | DFND |  | 0 | 0 | 954 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 220 | 1145 | SH |  | DFND | 2 | 1145 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 4891 | 19209 | SH |  | DFND | 1 | 19209 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 14260 | 56004 | SH |  | DFND | 2 | 56004 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 430 | 2098 | SH |  | DFND | 1 | 2098 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 3993 | 19501 | SH |  | DFND | 2 | 19501 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 2722 | 2812 | SH |  | DFND | 2 | 2812 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1409 | 27317 | SH |  | DFND | 2 | 27317 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 839 | 1668 | SH |  | DFND | 1 | 1668 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 3206 | 6378 | SH |  | DFND | 2 | 6378 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2398 | 4770 | SH |  | DFND |  | 0 | 0 | 4770 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754 | 1 | SH |  | DFND |  | 0 | 0 | 1 |
| BOEING CO | COM | 097023105 |  | 1114 | 5160 | SH |  | DFND | 2 | 5160 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 718 | 133 | SH |  | DFND | 2 | 133 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 275 | 7967 | SH |  | DFND | 1 | 7967 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 283 | 8200 | SH |  | DFND | 2 | 8200 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 356 | 1080 | SH |  | DFND | 1 | 1080 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 15398 | 46673 | SH |  | DFND | 2 | 46673 | 0 | 0 |
| BXP INC | COM | 101121101 |  | 23742 | 319368 | SH |  | DFND | 1 | 319368 | 0 | 0 |
| BXP INC | COM | 101121101 |  | 1508 | 20285 | SH |  | DFND |  | 0 | 0 | 20285 |
| CAESARSTONE LTD | ORD SHS | M20598104 |  | 179 | 112789 | SH |  | DFND | 1 | 112789 | 0 | 0 |
| CAESARSTONE LTD | ORD SHS | M20598104 |  | 69 | 43572 | SH |  | DFND | 2 | 43572 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 1093 | 2291 | SH |  | DFND | 2 | 2291 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 874 | 4223 | SH |  | DFND | 2 | 4223 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 296 | 1903 | SH |  | DFND | 1 | 1903 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 745 | 4796 | SH |  | DFND | 2 | 4796 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 334 | 2294 | SH |  | DFND | 1 | 2294 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 3530 | 24232 | SH |  | DFND | 2 | 24232 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1903 | 18753 | SH |  | DFND | 1 | 18753 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 599 | 5900 | SH |  | DFND | 2 | 5900 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 349 | 5264 | SH |  | DFND | 2 | 5264 | 0 | 0 |
| COGNYTE SOFTWARE LTD | ORD SHS | M25133105 |  | 2406 | 286400 | SH |  | DFND | 1 | 286400 | 0 | 0 |
| COGNYTE SOFTWARE LTD | ORD SHS | M25133105 |  | 547 | 65121 | SH |  | DFND | 2 | 65121 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 2917 | 8865 | SH |  | DFND | 2 | 8865 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 872 | 942 | SH |  | DFND | 1 | 942 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 3936 | 4252 | SH |  | DFND | 2 | 4252 | 0 | 0 |
| DBX ETF TR | XTRACK HRVST CSI | 233051879 |  | 11180 | 339007 | SH |  | DFND | 1 | 339007 | 0 | 0 |
| DBX ETF TR | XTRACK HRVST CSI | 233051879 |  | 223 | 6750 | SH |  | DFND |  | 0 | 0 | 6750 |
| DISNEY WALT CO | COM | 254687106 |  | 1007 | 8795 | SH |  | DFND | 2 | 8795 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1115 | 1461 | SH |  | DFND | 2 | 1461 | 0 | 0 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 |  | 220 | 9020 | SH |  | DFND | 1 | 9020 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 758 | 6724 | SH |  | DFND | 2 | 6724 | 0 | 0 |
| FIDELITY COMWLTH TR | NASDAQ COMPSIT | 315912808 |  | 43762 | 490990 | SH |  | DFND | 1 | 490990 | 0 | 0 |
| FIDELITY COMWLTH TR | NASDAQ COMPSIT | 315912808 |  | 935 | 10491 | SH |  | DFND |  | 0 | 0 | 10491 |
| FISERV INC | COM | 337738108 |  | 1717 | 13321 | SH |  | DFND | 2 | 13321 | 0 | 0 |
| FIVERR INTL LTD | ORD SHS | M4R82T106 |  | 13415 | 549556 | SH |  | DFND | 1 | 549556 | 0 | 0 |
| FIVERR INTL LTD | ORD SHS | M4R82T106 |  | 1689 | 69173 | SH |  | DFND | 2 | 69173 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 1151 | 13693 | SH |  | DFND | 2 | 13693 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1561 | 5188 | SH |  | DFND | 2 | 5188 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 986 | 2434 | SH |  | DFND | 2 | 2434 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 290 | 716 | SH |  | DFND |  | 0 | 0 | 716 |
| INTUIT | COM | 461202103 |  | 2179 | 3191 | SH |  | DFND | 2 | 3191 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 988 | 4000 | SH |  | DFND | 2 | 4000 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 10466 | 42353 | SH |  | DFND |  | 0 | 0 | 42353 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 7527 | 39680 | SH |  | DFND |  | 0 | 0 | 39680 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 600578 | 1000347 | SH |  | DFND | 1 | 1000347 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 10360 | 17256 | SH |  | DFND | 2 | 17256 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 12278 | 20450 | SH |  | DFND |  | 0 | 0 | 20450 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 2939 | 43530 | SH |  | DFND |  | 0 | 0 | 43530 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 20979 | 86705 | SH |  | DFND | 1 | 86705 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 241807 | 361284 | SH |  | DFND | 1 | 361284 | 0 | 0 |
| ISHARES TR | MSCI AC ASIA ETF | 464288182 |  | 94918 | 1040539 | SH |  | DFND | 1 | 1040539 | 0 | 0 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 |  | 31442 | 477479 | SH |  | DFND | 1 | 477479 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 6612 | 123829 | SH |  | DFND | 1 | 123829 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 2064 | 14298 | SH |  | DFND | 1 | 14298 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 42326 | 156117 | SH |  | DFND | 1 | 156117 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 1286 | 8909 | SH |  | DFND | 2 | 8909 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 2574 | 10640 | SH |  | DFND |  | 0 | 0 | 10640 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 649 | 4694 | SH |  | DFND |  | 0 | 0 | 4694 |
| ISHARES TR | MSCI AC ASIA ETF | 464288182 |  | 3412 | 37405 | SH |  | DFND |  | 0 | 0 | 37405 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 |  | 481 | 7300 | SH |  | DFND |  | 0 | 0 | 7300 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 812 | 2994 | SH |  | DFND |  | 0 | 0 | 2994 |
| ITURAN LOCATION AND CONTROL | SHS | M6158M104 |  | 9009 | 252211 | SH |  | DFND | 1 | 252211 | 0 | 0 |
| ITURAN LOCATION AND CONTROL | SHS | M6158M104 |  | 3741 | 104745 | SH |  | DFND | 2 | 104745 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 390 | 2103 | SH |  | DFND | 1 | 2103 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 818 | 4412 | SH |  | DFND | 2 | 4412 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 2317 | 7346 | SH |  | DFND | 2 | 7346 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 6419 | 293792 | SH |  | DFND | 1 | 293792 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 284 | 13000 | SH |  | DFND | 2 | 13000 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 2205 | 100900 | SH |  | DFND |  | 0 | 0 | 100900 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 344 | 1126 | SH |  | DFND | 1 | 1126 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 305 | 1000 | SH |  | DFND | 2 | 1000 | 0 | 0 |
| LEMONADE INC | COM | 52567D107 |  | 27132 | 506863 | SH |  | DFND | 1 | 506863 | 0 | 0 |
| LEMONADE INC | COM | 52567D107 |  | 4304 | 80400 | SH |  | DFND | 2 | 80400 | 0 | 0 |
| LEMONADE INC | COM | 52567D107 |  | 1639 | 30615 | SH |  | DFND |  | 0 | 0 | 30615 |
| LINDE PLC | SHS | G54950103 |  | 276 | 580 | SH |  | DFND | 1 | 580 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 508 | 1070 | SH |  | DFND | 2 | 1070 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1954 | 3435 | SH |  | DFND | 1 | 3435 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 3362 | 5911 | SH |  | DFND | 2 | 5911 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 271 | 476 | SH |  | DFND |  | 0 | 0 | 476 |
| MCDONALDS CORP | COM | 580135101 |  | 243 | 798 | SH |  | DFND | 1 | 798 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 786 | 2587 | SH |  | DFND | 2 | 2587 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 2190 | 937 | SH |  | DFND | 2 | 937 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 215 | 2565 | SH |  | DFND | 1 | 2565 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 5568 | 7582 | SH |  | DFND | 1 | 7582 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 13759 | 18736 | SH |  | DFND | 2 | 18736 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 7956 | 15360 | SH |  | DFND | 1 | 15360 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 19471 | 37592 | SH |  | DFND | 2 | 37592 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 803 | 1550 | SH |  | DFND |  | 0 | 0 | 1550 |
| NETFLIX INC | COM | 64110L106 |  | 2493 | 2079 | SH |  | DFND | 2 | 2079 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 555 | 7355 | SH |  | DFND | 1 | 7355 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2295 | 30405 | SH |  | DFND | 2 | 30405 | 0 | 0 |
| NICE LTD | SPONSORED ADR | 653656108 |  | 773 | 5337 | SH |  | DFND | 2 | 5337 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 595 | 8534 | SH |  | DFND | 1 | 8534 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 206 | 2950 | SH |  | DFND | 2 | 2950 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 330 | 541 | SH |  | DFND | 1 | 541 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 323 | 530 | SH |  | DFND | 2 | 530 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 357 | 2781 | SH |  | DFND | 1 | 2781 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 23147 | 124060 | SH |  | DFND | 1 | 124060 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 18582 | 99593 | SH |  | DFND | 2 | 99593 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 847 | 3720 | SH |  | DFND | 2 | 3720 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 1657 | 39120 | SH |  | DFND | 2 | 39120 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 12239 | 43518 | SH |  | DFND | 2 | 43518 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 3148 | 15460 | SH |  | DFND | 2 | 15460 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 1256 | 8945 | SH |  | DFND | 2 | 8945 | 0 | 0 |
| PERRIGO CO PLC | SHS | G97822103 |  | 718 | 32236 | SH |  | DFND |  | 0 | 0 | 32236 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 309 | 1904 | SH |  | DFND | 2 | 1904 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1019 | 6629 | SH |  | DFND | 1 | 6629 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 770 | 5013 | SH |  | DFND | 2 | 5013 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 435 | 3800 | SH |  | DFND | 2 | 3800 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 2066 | 12416 | SH |  | DFND | 2 | 12416 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 801 | 1425 | SH |  | DFND | 2 | 1425 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 1096 | 6548 | SH |  | DFND | 2 | 6548 | 0 | 0 |
| SANOFI SA | SPONSORED ADR | 80105N105 |  | 246 | 5208 | SH |  | DFND | 1 | 5208 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 2178 | 8150 | SH |  | DFND | 2 | 8150 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 1489 | 8331 | SH |  | DFND | 2 | 8331 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 10896 | 78291 | SH |  | DFND | 1 | 78291 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 2807 | 18200 | SH |  | DFND | 1 | 18200 | 0 | 0 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 26805 | 226454 | SH |  | DFND | 1 | 226454 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 15407 | 54662 | SH |  | DFND | 1 | 54662 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 1374 | 9873 | SH |  | DFND | 2 | 9873 | 0 | 0 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 315 | 7485 | SH |  | DFND | 2 | 7485 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 2249 | 16162 | SH |  | DFND |  | 0 | 0 | 16162 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 407 | 7553 | SH |  | DFND |  | 0 | 0 | 7553 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 1170 | 14930 | SH |  | DFND |  | 0 | 0 | 14930 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 846 | 8205 | SH |  | DFND | 2 | 8205 | 0 | 0 |
| SILICOM LTD | ORD | M84116108 |  | 366 | 20680 | SH |  | DFND | 1 | 20680 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 32872 | 175161 | SH |  | DFND | 1 | 175161 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 3258 | 17358 | SH |  | DFND | 2 | 17358 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 9444 | 50325 | SH |  | DFND |  | 0 | 0 | 50325 |
| SL GREEN RLTY CORP | COM | 78440X887 |  | 3040 | 50820 | SH |  | DFND |  | 0 | 0 | 50820 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 815332 | 1223892 | SH |  | DFND | 1 | 1223892 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 5505 | 8264 | SH |  | DFND | 2 | 8264 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 19876 | 29836 | SH |  | DFND |  | 0 | 0 | 29836 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 3841 | 13754 | SH |  | DFND | 2 | 13754 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 3508 | 7889 | SH |  | DFND | 2 | 7889 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 268 | 1119 | SH |  | DFND | 1 | 1119 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 2591 | 10822 | SH |  | DFND | 2 | 10822 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 329 | 779 | SH |  | DFND | 1 | 779 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 1768 | 4190 | SH |  | DFND | 2 | 4190 | 0 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 2775 | 36900 | SH |  | DFND | 1 | 36900 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 999 | 10201 | SH |  | DFND | 2 | 10201 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 1047 | 4428 | SH |  | DFND | 1 | 4428 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 513 | 1486 | SH |  | DFND | 2 | 1486 | 0 | 0 |
| VANECK ETF TRUST | ISRAEL ETF | 92189F635 |  | 585 | 10711 | SH |  | DFND |  | 0 | 0 | 10711 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 493139 | 805283 | SH |  | DFND | 1 | 805283 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 13080 | 21360 | SH |  | DFND |  | 0 | 0 | 21360 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 60598 | 1118461 | SH |  | DFND | 1 | 1118461 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 298 | 5500 | SH |  | DFND | 2 | 5500 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 419 | 5250 | SH |  | DFND | 2 | 5250 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 788 | 14552 | SH |  | DFND |  | 0 | 0 | 14552 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 1151 | 14424 | SH |  | DFND |  | 0 | 0 | 14424 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 514 | 1980 | SH |  | DFND | 2 | 1980 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 522 | 1528 | SH |  | DFND | 1 | 1528 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1609 | 4713 | SH |  | DFND | 2 | 4713 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 493 | 4788 | SH |  | DFND | 1 | 4788 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 1303 | 12643 | SH |  | DFND | 2 | 12643 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 313 | 3739 | SH |  | DFND | 1 | 3739 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 591 | 7050 | SH |  | DFND | 2 | 7050 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 291 | 1636 | SH |  | DFND | 2 | 1636 | 0 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 68574 | 386048 | SH |  | DFND | 1 | 386048 | 0 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 11700 | 65866 | SH |  | DFND | 2 | 65866 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 974 | 4048 | SH |  | DFND | 2 | 4048 | 0 | 0 |

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