ELBIT SYS LTD ESLT
ORD · Common Stock · CUSIP M3760D101
- SectorIndustrials
- IndustryAircraft Parts & Auxiliary Equipment, NEC
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($13.5m this quarter). Holder counts are more reliable. Shares outstanding: 46.4m as of 2025-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $577.03. Options: 8 managers hold calls ($51.8m notional), 7 hold puts ($43.2m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 140 |
| Q4 2022 | 147 |
| Q1 2023 | 152 |
| Q2 2023 | 161 |
| Q3 2023 | 159 |
| Q4 2023 | 173 |
| Q1 2024 | 175 |
| Q2 2024 | 170 |
| Q3 2024 | 185 |
| Q4 2024 | 195 |
| Q1 2025 | 240 |
| Q2 2025 | 289 |
| Q3 2025 | 325 |
| Q4 2025 | 335 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 86 | 70 |
| Q2 2024 | 80 | 82 |
| Q3 2024 | 96 | 61 |
| Q4 2024 | 88 | 78 |
| Q1 2025 | 140 | 74 |
| Q2 2025 | 175 | 79 |
| Q3 2025 | 199 | 105 |
| Q4 2025 | 161 | 156 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $32.4m | $8.4m | 0.26 |
| Q2 2025 | $44.7m | $40.3m | 0.90 |
| Q3 2025 | $43.5m | $29.4m | 0.68 |
| Q4 2025 | $51.8m | $43.2m | 0.83 |
Biggest buyers
| Clal Insurance Enterprises Holdings Ltd | Added | +397.0k |
| Harel Insurance Investments & Financial Services Ltd. | Added | +77.2k |
| BANK OF AMERICA CORP /DE/ | Added | +72.3k |
| UBS Group AG | Added | +33.2k |
| FRANKLIN RESOURCES INC | Added | +27.0k |
| JANE STREET GROUP, LLC | Added | +26.5k |
| D. E. Shaw & Co., Inc. | Added | +22.4k |
| Quadrature Capital Ltd | Added | +21.5k |
| Y.D. More Investments Ltd | Added | +18.3k |
| VANGUARD GROUP INC | Added | +13.4k |
Biggest sellers
| Heard Capital LLC | Reduced | -253.1k |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -210.8k |
| 1832 Asset Management L.P. | Sold out | -164.7k |
| JPMORGAN CHASE & CO | Reduced | -108.6k |
| Altshuler Shaham Ltd | Reduced | -104.2k |
| Ghisallo Capital Management LLC | Sold out | -100.0k |
| MORGAN STANLEY | Reduced | -75.6k |
| CITADEL ADVISORS LLC | Reduced | -51.3k |
| SEVEN GRAND MANAGERS, LLC | Sold out | -50.0k |
| Burkehill Global Management, LP | Sold out | -40.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $18.8m32.5k shares |
| CITADEL ADVISORS LLC | Added | $16.1m27.8k shares |
| JANE STREET GROUP, LLC | Added | $8.7m15.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $7.1m12.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $462.2k800 shares |
| Walleye Capital LLC | Added | $404.4k700 shares |
| Squarepoint Ops LLC | Reduced | $231.1k400 shares |
| SteelPeak Wealth, LLC | New | $57.8k100 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $16.8m29.0k shares |
| CITADEL ADVISORS LLC | Added | $13.9m24.1k shares |
| JANE STREET GROUP, LLC | Added | $7.5m13.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $3.6m6.3k shares |
| Squarepoint Ops LLC | Reduced | $1.0m1.8k shares |
| Walleye Capital LLC | Reduced | $288.9k500 shares |
| SIMPLEX TRADING, LLC | Reduced | $57.8k100 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
FEDERMANN MICHAEL
13D · may seek influence
filed 2025-07-14
Stated purposeThere has been no acquisition of Ordinary Shares of the Issuer by the Reporting Persons. This Amendment No. 8 to the Schedule 13D is being filed to reflect the ownership and control of the Reporting Persons as of the date hereof, following the release of the pledged shares, as further described in Items 5 and 6 below (which are incorporated by reference in this Item 4). The Reporting Persons currently have no plans or proposals which would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. However, the Reporting Persons reserve the right to change their plans or intentions at any time and to take any and all actions they may deem appropriate with respect to their investment in the Issuer. Full filing |
42.4% |
| Harel Insurance Investments & Financial Services Ltd. 13G · passive investor new · filed 2026-10-20 | 5.2% |
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| Clal Insurance Enterprises Holdings Ltd 5.78% of their portfolio | 1.6m $893.9m | Added +397.0k |
| VANGUARD GROUP INC 0.01% of their portfolio | 998.3k $573.1m | Added +13.4k |
| Y.D. More Investments Ltd 17.07% of their portfolio | 618.3k $356.3m | Added +18.3k |
| VAN ECK ASSOCIATES CORP 0.29% of their portfolio | 615.1k $355.4m | Reduced -33.0k |
| Altshuler Shaham Ltd 4.50% of their portfolio | 511.7k $294.5m | Reduced -104.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.16% of their portfolio | 472.6k $272.6m | Reduced -11.3k |
| MEITAV INVESTMENT HOUSE LTD 2.42% of their portfolio | 364.5k $210.0m | Added +1.2k |
| Invesco Ltd. 0.02% of their portfolio | 346.1k $199.9m | Reduced -24.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.22% of their portfolio | 259.9k $149.7m | Added +6.6k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 238.7k $137.9m | Added +72.3k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 235.8k $136.2m | Reduced -16.4k |
| MORGAN STANLEY 0.01% of their portfolio | 212.2k $122.6m | Reduced -75.6k |
| Heard Capital LLC 4.84% of their portfolio | 178.6k $103.2m | Reduced -253.1k |
| LAZARD ASSET MANAGEMENT LLC 0.13% of their portfolio | 129.4k $74.6m | Reduced -210.8k |
| UBS Group AG 0.01% of their portfolio | 126.9k $73.3m | Added +33.2k |
| Legal & General Group Plc 0.02% of their portfolio | 119.5k $68.9m | Added +7.7k |
| BlackRock, Inc. 0.00% of their portfolio | 119.5k $69.0m | Reduced -9.4k |
| GILDER GAGNON HOWE & CO LLC 0.65% of their portfolio | 107.1k $61.9m | Reduced -2.8k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 91.3k $52.8m | Reduced -11.3k |
| Harel Insurance Investments & Financial Services Ltd. 0.44% of their portfolio | 88.1k $50.9m | Added +77.2k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 80.5k $46.5m | Added +27.0k |
| Swiss National Bank 0.03% of their portfolio | 80.4k $46.4m | Reduced -3.7k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 66.7k $38.4m | Added +1.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 66.0k $38.0m | Added +3.7k |
| Nuveen, LLC 0.01% of their portfolio | 64.6k $37.2m | Added +211 |
| STATE STREET CORP 0.00% of their portfolio | 59.6k $34.5m | Added +3.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 58.7k $33.9m | Reduced -108.6k |
| ARK Investment Management LLC 0.22% of their portfolio | 57.0k $33.0m | Added +3.5k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 53.5k $30.9m | Added +26.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 53.2k $30.7m | Added +4.4k |
| CITIGROUP INC 0.02% of their portfolio | 50.4k $29.0m | Added +65 |
| MARSHALL WACE, LLP 0.03% of their portfolio | 48.9k $28.2m | Reduced -4.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 47.2k $27.3m | Reduced -17.4k |
| FMR LLC 0.00% of their portfolio | 41.1k $23.7m | Added +6.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 39.0k $22.5m | Reduced -441 |
| Quadrature Capital Ltd 0.22% of their portfolio | 38.1k $22.0m | Added +21.5k |
| Bank Pictet & Cie (Europe) AG 0.41% of their portfolio | 35.5k $20.5m | Unchanged |
| Migdal Insurance & Financial Holdings Ltd. 0.16% of their portfolio | 32.1k $18.6m | Unchanged |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.41% of their portfolio | 30.1k $17.4m | Reduced -2.7k |
| NOMURA HOLDINGS INC 0.04% of their portfolio | 26.1k $15.1m | Unchanged |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 24.9k $14.4m | Added +22.4k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio | 24.4k $15.6m | Reduced -7.9k |
| HWG Holdings LP 2.98% of their portfolio | 21.3k $12.3m | Added +1.9k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 21.2k $12.2m | Reduced -18.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 20.0k $11.5m | Reduced -2.8k |
| Amova Asset Management Americas, Inc. 0.12% of their portfolio | 18.4k $10.6m | Reduced -2.1k |
| Eos Management, L.P. 1.96% of their portfolio | 17.3k $10.0m | Added +12.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 17.2k $10.2m | Added +1.4k |
| EAGLE GLOBAL ADVISORS LLC 0.37% of their portfolio | 17.1k $9.9m | Unchanged |
| Capital Wealth Planning, LLC 0.06% of their portfolio | 16.6k $9.8m | Added +9.9k |
| Quantinno Capital Management LP 0.02% of their portfolio | 16.3k $9.4m | Added +1.2k |
| Amundi 0.00% of their portfolio | 15.6k $9.0m | Added +406 |
| Tidal Investments LLC 0.04% of their portfolio | 15.4k $8.9m | Reduced -1.1k |
| Korea Investment CORP 0.02% of their portfolio | 15.2k $8.8m | Reduced -30 |
| Legal Advantage Investments, Inc. 3.94% of their portfolio | 14.7k $8.5m | Reduced -100 |
| NAVELLIER & ASSOCIATES INC 0.94% of their portfolio | 14.6k $8.4m | Reduced -674 |
| Public Sector Pension Investment Board 0.03% of their portfolio | 14.5k $8.4m | Reduced -2.2k |
| PDT Partners, LLC 0.51% of their portfolio | 13.6k $7.8m | Reduced -4.6k |
| FOGEL CAPITAL MANAGEMENT, INC. 3.41% of their portfolio | 12.8k $7.4m | Added +380 |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 12.8k $7.4m | Reduced -18.4k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 12.7k $7.3m | Reduced -1.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 12.2k $7.1m | Added +2 |
| TD Asset Management Inc 0.01% of their portfolio | 11.4k $6.6m | Reduced -180 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 10.7k $6.2m | Added +646 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 10.5k $6.1m | New |
| Yelin Lapidot Holdings Management Ltd. 1.19% of their portfolio | 10.3k $5.9m | Unchanged |
| Creative Planning 0.00% of their portfolio | 9.9k $5.7m | Added +1.6k |
| Henry James International Management Inc. 1.80% of their portfolio | 9.9k $5.7m | Reduced -3.6k |
| State of Tennessee, Department of Treasury 0.02% of their portfolio | 9.7k $6.9m | New |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 9.7k $5.6m | New |
| Cetera Investment Advisers 0.01% of their portfolio | 9.4k $5.4m | Reduced -188 |
| LPL Financial LLC 0.00% of their portfolio | 9.3k $5.4m | Added +1.8k |
| BFSG, LLC 0.52% of their portfolio | 9.3k $5.4m | Reduced -84 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 9.1k $5.3m | Reduced -1.3k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 9.0k $5.2m | Reduced -10.3k |
| SG Americas Securities, LLC 0.01% of their portfolio | 8.9k $5.2m | Reduced -28.6k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 8.9k $5.1m | Reduced -163 |
| HighTower Advisors, LLC 0.01% of their portfolio | 8.8k $5.1m | Added +4.4k |
| Advisors Asset Management, Inc. 0.08% of their portfolio | 8.5k $4.9m | Added +273 |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 8.1k $4.6m | Added +679 |
| Cardinal Capital Management 0.60% of their portfolio | 7.9k $4.6m | Added +20 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 7.6k $4.4m | Reduced -1.4k |
| Corient Private Wealth LP 0.00% of their portfolio | 7.3k $4.2m | Added +3.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 7.1k $4.1m | Reduced -132 |
| Informed Momentum Co LLC 0.45% of their portfolio | 7.0k $4.0m | Reduced -1.3k |
| Laird Norton Wetherby Trust Company, LLC 0.08% of their portfolio | 7.0k $4.0m | New |
| Kestra Advisory Services, LLC 0.02% of their portfolio | 6.6k $3.8m | Reduced -8 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 6.5k $3.7m | Reduced -33.5k |
| Pinpoint Asset Management (Singapore) Pte. Ltd. 0.77% of their portfolio | 6.4k $3.7m | Reduced -545 |
| Independent Advisor Alliance 0.08% of their portfolio | 6.0k $3.5m | Reduced -140 |
| Counterpoint Mutual Funds LLC 0.25% of their portfolio | 5.9k $3.4m | Added +4.9k |
| Cerity Partners LLC 0.00% of their portfolio | 5.6k $3.2m | Added +495 |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 5.5k $3.2m | Added +1.5k |
| SPHERA FUNDS MANAGEMENT LTD. 0.64% of their portfolio | 5.3k $3.1m | Reduced -1.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 5.3k $3.1m | Added +373 |
| Mariner, LLC 0.00% of their portfolio | 5.3k $3.1m | Added +311 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 5.2k $3.0m | Reduced -137 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 5.1k $3.0m | Added +355 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 4.9k $2.8m | Reduced -111 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 4.8k $2.8m | Reduced -315 |