Noked Israel LTD
Noked Israel Ltd, via its affiliate Noked Capital, is an Israeli hedge fund manager headquartered in Tel Aviv. The firm specializes in managing multiple hedge funds focused on publicly traded equities and debt, including distressed bonds. Founded in November 2013 by Roy Vermus and Shlomi Bracha, the team leverages extensive experience in the Israeli capital markets. The firm employs approximately 3-13 professionals and primarily serves institutional investors and high-net-worth individuals.
Investment Strategy
Noked Israel Ltd’s associated funds employ a multi-strategy approach, targeting publicly traded equities and corporate debt, with a notable focus on distressed bonds and Israeli companies. Their investment process combines fundamental, bottom-up analysis with active portfolio management and risk hedging strategies. They operate several vehicles: Noked Opportunity (multi-strategy, Israeli stocks/bonds), Noked Equity (long-biased, local equities), Noked Long (benchmark outperformance focus), and Noked Bonds (corporate bonds, max 25% equities). The team prioritizes strong risk-reward ratios and results through rigorous analysis, opportunistic activism, and debt restructurings.
Top Holdings
Equity Positions (12)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MSFT | MICROSOFT CORP | 26.55% | $143.9M | 289,220 | $376.21 | $497.41 | +$43.0M |
T TSM | TAIWAN SEMICONDUCTOR MFG LTD | 25.38% | $137.6M | 607,330 | $164.29 | $226.49 | +$33.2M |
M META | META PLATFORMS INC | 15.66% | $84.9M | 114,966 | $491.48 | $738.09 | +$37.0M |
N NVMI | NOVA LTD | 9.19% | $49.8M | 181,057 | $244.88 | $275.20 | +$34.7M |
A AMAT | AMAT | 7.78% | $42.1M | 230,159 | $183.07 | $183.07 | +$42.1M |