Clal Insurance Enterprises Holdings LTD
Clal Insurance Enterprises Holdings Ltd is one of Israel's largest insurance, pension, and financial services groups. It operates as a public holding company primarily through Clal Insurance and Finance and the MAX credit card company, managing assets across insurance, pension, provident funds, long-term savings, general insurance, and credit solutions. Founded in 1987, the firm had over 4,440 employees at Clal Insurance and related agencies, and 1,558 at MAX in December 2024, serving private individuals, businesses, and institutional clients. Clal is a major market leader in Israel's insurance market, long-term savings, pensions, and provident funds.
Investment Strategy
Clal Insurance Enterprises Holdings focuses on managing and growing assets across insurance-linked and pension services, providing comprehensive long-term savings solutions and general insurance for individuals and businesses. Its investment arm, Canaf, manages diversified portfolios including pensions, provident funds, executive insurance, and equity and insurance reserves, with a strong emphasis on risk management and stable returns. Clal invests directly in real estate, credit, digital technologies, and renewable energy, and also actively finances construction and development projects in Israel. Internationally, it participates in energy, real estate, and hotel investments across the UK, Spain, and the US, with a pragmatic approach balancing local market leadership and global opportunistic investing.
Latest 13F Filing Activity
Clal Insurance Enterprises Holdings LTD filed their most recent 13F report on Jun 30, 2025 disclosing 197 equity positions and 2 options positions with a total 13F market value of $10B. The fund increased holdings in Invesco Exch Traded FD TR II Nasdaq 100 Etf, Nova LTD Com, Select Sector SPDR TR Sbi Cons Discr among other positions. Clal Insurance Enterprises Holdings LTD reduced exposure to SPDR S&P 500 Etf TR TR Unit, Vanguard Index FDS S&P 500 Etf SHS, Invesco Exch Traded FD TR II Solar Etf among others.
Top Holdings
Equity Positions (197)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
V VOO | VANGUARD INDEX FDS S&P 500 ETF SHS | 11.52% | $1.17B | 2,056,083 | $500.99 | $568.03 | -$262.1M |
Q QQQM | INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF | 8.62% | $876.8M | 3,860,663 | $195.89 | $227.10 | +$446.2M |
E ESLT | ELBIT SYS LTD ORD | 5.42% | $551.4M | 1,237,642 | $164.65 | $449.50 | +$31.2M |
T TEVA | TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS | 5.34% | $543.0M | 32,362,683 | $11.51 | $16.76 | -$35.3M |
S SPY | SPDR S&P 500 ETF TR TR UNIT | 4.41% | $448.4M | 723,681 | $537.07 | $617.85 | -$1.03B |