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 ($18.9m 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 ≈ $841.92. Options: 14 managers hold calls ($253.8m notional), 12 hold puts ($236.6m).
Trends to Q1 2026
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 |
| Q1 2026 | 400 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2026 | 224 | 135 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $44.7m | $40.3m | 0.90 |
| Q3 2025 | $43.5m | $29.4m | 0.68 |
| Q4 2025 | $51.8m | $43.2m | 0.83 |
| Q1 2026 | $253.8m | $236.6m | 0.93 |
Biggest buyers
| Phoenix Financial Ltd. | New | +251.1k |
| Harel Insurance Investments & Financial Services Ltd. | Added | +181.5k |
| JENNISON ASSOCIATES LLC | New | +150.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +119.1k |
| CITADEL ADVISORS LLC | Added | +85.1k |
| UBS Group AG | Added | +69.8k |
| Clal Insurance Enterprises Holdings Ltd | Added | +69.2k |
| MILLENNIUM MANAGEMENT LLC | Added | +61.4k |
| BlackRock, Inc. | Added | +52.5k |
| Invesco Ltd. | Added | +43.8k |
Biggest sellers
| LAZARD ASSET MANAGEMENT LLC | Sold out | -129.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -118.5k |
| Heard Capital LLC | Reduced | -70.2k |
| Y.D. More Investments Ltd | Reduced | -67.3k |
| BANK OF AMERICA CORP /DE/ | Reduced | -57.1k |
| Altshuler Shaham Ltd | Reduced | -55.7k |
| GOLDMAN SACHS GROUP INC | Reduced | -51.7k |
| MORGAN STANLEY | Reduced | -48.0k |
| MARSHALL WACE, LLP | Reduced | -41.1k |
| Bank Pictet & Cie (Europe) AG | Sold out | -35.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $84.7m99.7k shares |
| CITADEL ADVISORS LLC | Added | $46.3m54.5k shares |
| D. E. Shaw & Co., Inc. | Added | $41.5m48.9k shares |
| JANE STREET GROUP, LLC | Added | $36.6m43.1k shares |
| IMC-Chicago, LLC | New | $28.7m33.8k shares |
| Squarepoint Ops LLC | Added | $5.4m6.4k shares |
| MILLENNIUM MANAGEMENT LLC | New | $3.1m3.6k shares |
| PEAK6 LLC | New | $2.7m3.2k shares |
| SIMPLEX TRADING, LLC | Added | $2.0m2.4k shares |
| Walleye Trading LLC | New | $1.2m1.4k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $83.0m97.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $75.7m89.1k shares |
| JANE STREET GROUP, LLC | Added | $27.9m32.9k shares |
| IMC-Chicago, LLC | New | $20.4m24.0k shares |
| Squarepoint Ops LLC | Added | $12.0m14.1k shares |
| D. E. Shaw & Co., Inc. | Added | $7.0m8.3k shares |
| MILLENNIUM MANAGEMENT LLC | New | $5.3m6.3k shares |
| SIMPLEX TRADING, LLC | Added | $2.2m2.6k shares |
| TUDOR INVESTMENT CORP ET AL | New | $1.3m1.5k shares |
| Walleye Capital LLC | Added | $1.3m1.5k 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 Q1 2026
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 Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Clal Insurance Enterprises Holdings Ltd 8.18% of their portfolio | 1.6m $1.4bn | Added +69.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 713.8k $601.8m | First filing |
| VAN ECK ASSOCIATES CORP 0.40% of their portfolio | 621.7k $527.9m | Added +6.6k |
| Y.D. More Investments Ltd 17.98% of their portfolio | 551.0k $459.1m | Reduced -67.3k |
| Altshuler Shaham Ltd 6.99% of their portfolio | 456.1k $380.0m | Reduced -55.7k |
| MEITAV INVESTMENT HOUSE LTD 3.65% of their portfolio | 397.1k $333.0m | Added +32.6k |
| Invesco Ltd. 0.03% of their portfolio | 389.9k $331.1m | Added +43.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.43% of their portfolio | 379.0k $316.5m | Added +119.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.16% of their portfolio | 354.1k $298.2m | Reduced -118.5k |
| Harel Insurance Investments & Financial Services Ltd. 1.55% of their portfolio | 269.6k $228.9m | Added +181.5k |
| Phoenix Financial Ltd. 2.02% of their portfolio | 251.1k $213.2m | New |
| VANGUARD FIDUCIARY TRUST CO 0.05% of their portfolio | 229.6k $193.6m | First filing |
| UBS Group AG 0.03% of their portfolio | 196.6k $167.0m | Added +69.8k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 184.1k $156.3m | Reduced -51.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 181.6k $154.2m | Reduced -57.1k |
| BlackRock, Inc. 0.00% of their portfolio | 172.0k $146.1m | Added +52.5k |
| MORGAN STANLEY 0.01% of their portfolio | 164.2k $139.4m | Reduced -48.0k |
| JENNISON ASSOCIATES LLC 0.09% of their portfolio | 150.9k $128.1m | New |
| Legal & General Group Plc 0.02% of their portfolio | 120.3k $100.4m | Added +733 |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 120.1k $102.0m | Added +39.6k |
| GILDER GAGNON HOWE & CO LLC 1.14% of their portfolio | 111.7k $94.8m | Added +4.6k |
| Heard Capital LLC 4.76% of their portfolio | 108.4k $92.0m | Reduced -70.2k |
| Swiss National Bank 0.05% of their portfolio | 102.7k $85.6m | Added +22.3k |
| JANE STREET GROUP, LLC 0.08% of their portfolio | 90.5k $76.9m | Added +37.0k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 89.6k $76.1m | Added +85.1k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 82.1k $69.7m | Reduced -9.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 73.9k $60.4m | Added +15.2k |
| Nuveen, LLC 0.02% of their portfolio | 73.7k $61.6m | Added +9.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 68.7k $57.4m | Added +2.6k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 67.8k $57.6m | Added +61.4k |
| STATE STREET CORP 0.00% of their portfolio | 61.1k $51.9m | Added +1.5k |
| ARK Investment Management LLC 0.40% of their portfolio | 60.3k $51.2m | Added +3.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 51.6k $43.9m | Reduced -1.5k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 43.9k $37.3m | Added +22.7k |
| CITIGROUP INC 0.02% of their portfolio | 41.6k $34.8m | Reduced -8.7k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 40.1k $33.5m | Reduced -26.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 39.7k $33.5m | First filing |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 39.2k $33.3m | Added +187 |
| FMR LLC 0.00% of their portfolio | 37.8k $31.7m | Reduced -3.3k |
| Migdal Insurance & Financial Holdings Ltd. 0.24% of their portfolio | 32.1k $27.3m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 28.8k $24.0m | Added +16.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 26.5k $22.5m | Reduced -20.6k |
| NOMURA HOLDINGS INC 0.18% of their portfolio | 26.0k $22.1m | Reduced -116 |
| Amundi 0.01% of their portfolio | 22.3k $19.0m | Added +6.7k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 21.4k $18.2m | Added +8.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 21.1k $17.9m | Added +3.8k |
| Capital Wealth Planning, LLC 0.10% of their portfolio | 21.0k $17.9m | Added +4.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 19.8k $16.8m | Reduced -172 |
| Amova Asset Management Americas, Inc. 0.22% of their portfolio | 18.7k $15.9m | Added +271 |
| HWG Holdings LP 4.09% of their portfolio | 18.3k $15.5m | Reduced -3.0k |
| Tidal Investments LLC 0.05% of their portfolio | 17.9k $15.2m | Added +2.5k |
| LORD, ABBETT & CO. LLC 0.05% of their portfolio | 17.5k $14.9m | New |
| Quantinno Capital Management LP 0.02% of their portfolio | 17.2k $14.5m | Added +905 |
| EAGLE GLOBAL ADVISORS LLC 0.52% of their portfolio | 17.1k $14.5m | Unchanged |
| HighTower Advisors, LLC 0.01% of their portfolio | 16.1k $13.6m | Added +7.3k |
| Korea Investment CORP 0.03% of their portfolio | 15.4k $12.9m | Added +199 |
| Public Sector Pension Investment Board 0.04% of their portfolio | 15.4k $12.9m | Added +917 |
| NAVELLIER & ASSOCIATES INC 1.30% of their portfolio | 14.7k $12.5m | Added +180 |
| Legal Advantage Investments, Inc. 6.44% of their portfolio | 14.7k $12.5m | Reduced -60 |
| FOGEL CAPITAL MANAGEMENT, INC. 5.19% of their portfolio | 13.4k $11.3m | Added +551 |
| Vanguard Investments Australia, Ltd. 0.03% of their portfolio | 13.0k $11.0m | First filing |
| LPL Financial LLC 0.00% of their portfolio | 12.4k $10.5m | Added +3.1k |
| TD Asset Management Inc 0.01% of their portfolio | 12.4k $10.3m | Added +976 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 12.4k $10.5m | Added +3.3k |
| SIMPLEX TRADING, LLC 0.29% of their portfolio | 11.0k $9.4m | Added +10.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 10.7k $9.1m | Added +60 |
| Quadrature Capital Ltd 0.11% of their portfolio | 10.6k $9.0m | Reduced -27.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 10.5k $8.7m | Reduced -1.7k |
| Creative Planning 0.01% of their portfolio | 10.4k $8.8m | Added +431 |
| Yelin Lapidot Holdings Management Ltd. 1.82% of their portfolio | 10.3k $8.7m | Unchanged |
| State of Tennessee, Department of Treasury 0.03% of their portfolio | 9.7k $8.1m | Unchanged |
| Cetera Investment Advisers 0.01% of their portfolio | 9.7k $8.1m | Added +304 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 9.7k $8.2m | Added +8.7k |
| BFSG, LLC 0.74% of their portfolio | 9.2k $7.8m | Reduced -74 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 8.8k $7.3m | Reduced -1.8k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio | 8.8k $7.8m | Reduced -15.7k |
| Eos Management, L.P. 3.16% of their portfolio | 8.7k $7.4m | Reduced -8.7k |
| Catalyst Funds Management Pty Ltd 1.19% of their portfolio | 8.3k $7.0m | New |
| Baird Financial Group, Inc. 0.01% of their portfolio | 8.2k $7.0m | Reduced -680 |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 8.2k $6.8m | Added +89 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 8.1k $6.7m | Added +961 |
| Trexquant Investment LP 0.05% of their portfolio | 8.0k $6.8m | Added +3.6k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 7.8k $6.6m | Reduced -41.1k |
| Brevan Howard Capital Management LP 0.06% of their portfolio | 7.6k $6.3m | New |
| PDT Partners, LLC 0.38% of their portfolio | 7.5k $6.4m | Reduced -6.1k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 7.4k $6.3m | First filing |
| BANQUE PICTET & CIE SA 0.07% of their portfolio | 7.0k $5.9m | New |
| Kestra Advisory Services, LLC 0.02% of their portfolio | 6.6k $5.6m | Added +18 |
| CVFG LLC 0.68% of their portfolio | 6.5k $5.5m | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 6.2k $5.3m | Reduced -18.7k |
| Corient Private Wealth LP 0.01% of their portfolio | 6.2k $5.3m | Reduced -1.1k |
| Cardinal Capital Management 0.67% of their portfolio | 6.1k $5.2m | Reduced -1.8k |
| Advisors Asset Management, Inc. 0.09% of their portfolio | 6.1k $5.1m | Reduced -2.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 6.0k $5.1m | Added +1.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 6.0k $5.1m | Added +3.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 6.0k $5.1m | Added +671 |
| Cerity Partners LLC 0.01% of their portfolio | 5.6k $4.8m | Added +17 |
| Mariner, LLC 0.01% of their portfolio | 5.4k $4.6m | Added +89 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 5.4k $4.6m | Reduced -2.2k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 5.4k $4.5m | Added +4.7k |