Clal Insurance Enterprises Holdings Ltd
Clal Insurance Enterprises Holdings Ltd reported 215 US-listed holdings worth $22.23 billion in its 13F for the quarter ended 30 June 2026, filed 13 August 2026. Its largest: Vanguard S&P 500 (13.8%), SPDR S&P 500 (10.2%) and Teva Pharmaceutical Industries Ltd. (6.1%). Against the quarter before, it opened 30 positions, added to 42, trimmed 91 and sold out of 19.
Reported holdings$22.23B+34.5% on Q1 2026
Positions215+11 on Q1 2026
The largest ten56.6%of its reported holdings
Latest 13FQ2 2026filed 13 August 2026
Added toHeldTrimmed
The 14 largest of its 214 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What it did on the quarter
Opened 30Added 42Held 52Trimmed 91Sold out 19
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 30
- Dell Technologies Inc. DELL$222.2 million
- Roundhill ETF Trust DRAM$200.8 million
- Amkor Technology, Inc. AMKR$152.1 million
- First Trust Exchange Traded FD GRID$144.2 million
- iShares Core S&P 500 ETF IVV$89.9 million
- Hewlett Packard Enterprise Co. HPE$70.4 million
- Select Sector SPDR Trust XLV$50.5 million
- Technology Select Sector SPDR ETF XLK$42.4 million
and 22 more in the table below
Added to 42
- SPDR S&P 500 SPY+1.0 million shares · +52%
- Vanguard S&P 500 VOO+782,100 shares · +21%
- Invesco Exch Traded FD Trust II QQQM+1.6 million shares · +105%
- KLA Corp. KLAC+661,628 shares · +569%
- Tower Semiconductor Ltd TSEM+686,240 shares · +17%
- Vaneck ETF Trust SMH+225,000 shares · +39%
- Amazon.com Inc. AMZN+564,921 shares · +101%
- iShares Inc. EMXC+1.3 million shares · +3301%
and 34 more in the table below
Trimmed 91
- Listed FD Trust MAGS-7.6 million shares · -81%
- Sandisk Corp. SNDK-104,400 shares · -90%
- Coherent Corp. COHR-273,000 shares · -99%
- Marvell Technology, Inc. MRVL-355,000 shares · -32%
- Western Digital Corp. WDC-125,000 shares · -19%
- iShares Trust SOXX-76,337 shares · -97%
- Enlight Renewable Energy Ltd ENLT-527,032 shares · -5%
- Freeport-McMoRan Inc. FCX-459,980 shares · -100%
and 83 more in the table below
Sold out of 19
- Invesco Exchange Traded FD T RSP$318.6 million last quarter
- Global X FDS SHLD$120.4 million last quarter
- Select Sector SPDR Trust XLE$53.9 million last quarter
- SPDR Gold Trust GLD$35.3 million last quarter
- Nike, Inc. NKE$33.7 million last quarter
- iShares Trust Latn Amer 40 ETF ILF$3.6 million last quarter
- Oddity Tech Ltd ODD$2.9 million last quarter
- International Business Machines Corp. IBM$1.3 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Vanguard S&P 500 VOO | 4,469,484 | $3.07 billion | 13.81% | +782,100 |
| SPDR S&P 500 SPY | 3,036,296 | $2.27 billion | 10.22% | +1,035,414 |
| Teva Pharmaceutical Industries Ltd. TEVA | 40,596,506 | $1.37 billion | 6.15% | +2,150,000 |
| Elbit Sys Ltd ESLT | 1,616,716 | $1.23 billion | 5.53% | -3,067 |
| Tower Semiconductor Ltd TSEM | 4,658,848 | $1.20 billion | 5.42% | +686,240 |
| Enlight Renewable Energy Ltd ENLT | 11,161,045 | $986.0 million | 4.43% | -527,032 |
| Invesco Exch Traded FD Trust II QQQM | 3,073,663 | $931.2 million | 4.19% | +1,573,000 |
| Nova Ltd NVMI | 1,205,865 | $651.0 million | 2.93% | no change |
| Vaneck ETF Trust SMH | 795,000 | $521.4 million | 2.35% | +225,000 |
| iShares Trust EEM | 5,010,106 | $342.7 million | 1.54% | +570,066 |
| Western Digital Corp. WDC | 523,250 | $334.2 million | 1.50% | -125,000 |
| NVIDIA Corp. NVDA | 1,575,211 | $315.2 million | 1.42% | +594,725 |
| Camtek Ltd CAMT | 1,884,108 | $302.0 million | 1.36% | +4,958 |
| Meta Platforms, Inc. META | 518,127 | $291.9 million | 1.31% | +202,975 |
| Amazon.com Inc. AMZN | 1,125,515 | $268.3 million | 1.21% | +564,921 |
| Kenon Hldgs Ltd KEN | 3,881,814 | $262.4 million | 1.18% | -157,922 |
| Ormat Technologies, Inc. ORA | 2,382,484 | $259.6 million | 1.17% | +457,398 |
| Microsoft Corp. MSFT | 665,910 | $248.4 million | 1.12% | +281,422 |
| Vanguard World FD VHT | 812,000 | $242.8 million | 1.09% | -61,000 |
| KLA Corp. KLAC | 777,920 | $234.7 million | 1.06% | +661,628 |
| Alphabet Inc. GOOGL | 636,436 | $227.4 million | 1.02% | +898 |
| Marvell Technology, Inc. MRVL | 755,000 | $224.9 million | 1.01% | -355,000 |
| Dell Technologies Inc. DELL | 515,000 | $222.2 million | 1.00% | new |
| Roundhill ETF Trust DRAM | 2,684,249 | $200.8 million | 0.90% | new |
| Taiwan Semiconductor Manufacturing Company Limited TSM | 418,030 | $199.6 million | 0.90% | -4 |
| Invesco Exch Traded FD Trust II KBWB | 1,930,000 | $179.5 million | 0.81% | +509,000 |
| Global X FDS BUG | 4,580,000 | $174.9 million | 0.79% | +2,880,000 |
| Financial Select Sector SPDR ETF XLF | 3,196,000 | $171.3 million | 0.77% | no change |
| Applied Materials Inc. AMAT | 229,095 | $165.6 million | 0.74% | -29 |
| Broadcom Inc. AVGO | 430,248 | $162.5 million | 0.73% | +2,945 |
| Select Sector SPDR Trust XLY | 1,350,600 | $158.4 million | 0.71% | +233,000 |
| Invesco Exch Traded FD Trust II TAN | 2,580,400 | $152.6 million | 0.69% | +800,000 |
| Amkor Technology, Inc. AMKR | 1,764,000 | $152.1 million | 0.68% | new |
| iShares Trust ITB | 1,440,000 | $150.5 million | 0.68% | +1,140,000 |
| Lam Research Corp. LRCX | 346,052 | $150.0 million | 0.67% | -9 |
| First Trust Exchange Traded FD GRID | 752,000 | $144.2 million | 0.65% | new |
| Nice Ltd NICE | 1,591,820 | $143.7 million | 0.65% | -40,070 |
| Eaton Corp. plc ETN | 336,044 | $143.2 million | 0.64% | -16 |
| iShares Trust ACWI | 896,500 | $140.7 million | 0.63% | -25,000 |
| iShares Trust FXI | 4,388,108 | $138.6 million | 0.62% | -48,842 |
| Nutrien Ltd. NTR | 2,175,282 | $138.1 million | 0.62% | no change |
| iShares Inc. EMXC | 1,302,290 | $133.2 million | 0.60% | +1,264,000 |
| Wisdomtree Trust EPI | 3,000,000 | $128.3 million | 0.58% | no change |
| iShares Trust IGV | 1,329,000 | $120.4 million | 0.54% | +400,000 |
| Listed FD Trust MAGS | 1,790,000 | $115.1 million | 0.52% | -7,560,000 |
| Apple Inc. AAPL | 397,512 | $115.0 million | 0.52% | -5,177 |
| Global X Infrastr Development ETF (pave) PAVE | 1,871,750 | $110.3 million | 0.50% | no change |
| Eli Lilly & Co. LLY | 88,546 | $106.2 million | 0.48% | +495 |
| Select Sector SPDR Trust XLI | 567,000 | $105.0 million | 0.47% | no change |
| Icl Group Ltd ICL | 19,812,669 | $99.4 million | 0.45% | -2,227,810 |
| Vertiv Holdings Co. VRT | 295,000 | $98.8 million | 0.44% | -49,000 |
| SPDR Ser Trust KRE | 1,280,000 | $95.8 million | 0.43% | no change |
| iShares Core S&P 500 ETF IVV | 120,000 | $89.9 million | 0.40% | new |
| Formula Systems 1985 Ltd FORTY | 777,703 | $80.9 million | 0.36% | -47,000 |
| Datadog, Inc. DDOG | 310,000 | $80.7 million | 0.36% | no change |
| Select Sector SPDR Trust XLC | 742,100 | $79.5 million | 0.36% | +343,000 |
| Palo Alto Networks Inc. PANW | 232,499 | $79.3 million | 0.36% | no change |
| SPDR Ser Trust XBI | 484,500 | $76.7 million | 0.34% | no change |
| Oracle Corp. ORCL | 506,066 | $74.2 million | 0.33% | +234,964 |
| AerCap Holdings N.V. AER | 490,000 | $71.4 million | 0.32% | no change |
| Hewlett Packard Enterprise Co. HPE | 1,560,000 | $70.4 million | 0.32% | new |
| Visa Inc. V | 200,127 | $68.7 million | 0.31% | -16 |
| SharkNinja, Inc. SN | 438,000 | $66.7 million | 0.30% | no change |
| Mastercard Inc. MA | 125,042 | $64.2 million | 0.29% | -5 |
| Tidal ETF Trust GRNY | 2,300,000 | $63.6 million | 0.29% | no change |
| Varonis Sys Inc. VRNS | 1,460,000 | $61.3 million | 0.28% | no change |
| Walt Disney Co. DIS | 623,093 | $60.2 million | 0.27% | -17 |
| Gilat Satellite Networks Ltd GILT | 4,417,803 | $58.6 million | 0.26% | +4,176 |
| Johnson & Johnson JNJ | 228,108 | $57.9 million | 0.26% | +77,970 |
| Solaredge Technologies, Inc. SEDG | 949,926 | $55.5 million | 0.25% | no change |
| Global X FDS URA | 1,264,000 | $55.2 million | 0.25% | no change |
| Pfizer Inc. PFE | 2,234,000 | $53.8 million | 0.24% | no change |
| KraneShares Trust KWEB | 2,177,416 | $53.3 million | 0.24% | -9,100 |
| Select Sector SPDR Trust XLV | 318,000 | $50.5 million | 0.23% | new |
| Alexandria Real Estate Equities, Inc. ARE | 918,000 | $49.2 million | 0.22% | no change |
| Alibaba Group Holding Limited BABA | 450,000 | $43.7 million | 0.20% | no change |
| Vanguard World FD VGT | 359,136 | $42.9 million | 0.19% | +357,744 |
| Technology Select Sector SPDR ETF XLK | 222,500 | $42.4 million | 0.19% | new |
| Jfrog Ltd FROG | 446,812 | $40.6 million | 0.18% | -200,000 |
| Cellebrite Di Ltd CLBT | 2,773,014 | $40.5 million | 0.18% | -400,000 |
| Pershing Square USA Equi PSUS | 1,000,000 | $37.4 million | 0.17% | new |
| iShares Trust ACWX | 455,763 | $34.7 million | 0.16% | +45,083 |
| Sprott FDS Trust URNM | 630,000 | $33.1 million | 0.15% | no change |
| Tesla, Inc. TSLA | 78,037 | $32.8 million | 0.15% | -5 |
| Ellomay Capital Limited ELLO | 1,594,224 | $29.2 million | 0.13% | no change |
| Sandisk Corp. SNDK | 11,600 | $26.4 million | 0.12% | -104,400 |
| Nayax Ltd NYAX | 384,524 | $25.2 million | 0.11% | no change |
| Check Point Software Technologies Ltd. CHKP | 170,411 | $22.4 million | 0.10% | no change |
| Tat Technologies Ltd TATT | 456,640 | $22.0 million | 0.10% | no change |
| Riskified Ltd RSKD | 4,278,883 | $21.6 million | 0.10% | no change |
| Zim Integrated Shipping Serv ZIM | 690,000 | $17.9 million | 0.08% | no change |
| SPDR Index SHS FDS CWI | 427,879 | $17.4 million | 0.08% | -11,000 |
| Sentinelone Inc. S | 996,332 | $16.9 million | 0.08% | no change |
| Allot Ltd ALLT | 1,564,990 | $13.8 million | 0.06% | no change |
| Pershing Square Inc. PS | 300,000 | $9.9 million | 0.04% | new |
| Valens Semiconductor Ltd VLN | 1,984,537 | $4.5 million | 0.02% | no change |
| Invesco Exch Traded FD Trust II SPHD | 85,400 | $4.3 million | 0.02% | no change |
| A2Z CUST2MATE Solutions Corp. AZ | 546,863 | $3.2 million | 0.01% | -105,000 |
| Micron Technology Inc. MU | 2,544 | $2.9 million | 0.01% | -504 |
| Invesco QQQ Trust QQQ | 3,000 | $2.2 million | 0.01% | new |
| GE Vernova Inc. GEV | 1,500 | $1.8 million | 0.01% | new |
| Arista Networks, Inc. ANET | 10,000 | $1.7 million | 0.01% | +2,000 |
| Credo Technology Group Holdi CRDO | 6,000 | $1.6 million | 0.01% | new |
| Coherent Corp. COHR | 3,500 | $1.4 million | 0.01% | -273,000 |
| iShares Trust SOXX | 2,140 | $1.4 million | 0.01% | -76,337 |
| United Airlines Holdings, Inc. UAL | 10,000 | $1.4 million | 0.01% | new |
| nVent Electric plc NVT | 7,000 | $1.2 million | 0.01% | new |
| Celestica Inc. CLS | 3,000 | $1.1 million | 0.00% | new |
| Mediwound Ltd MDWD | 71,000 | $1.0 million | 0.00% | no change |
| iShares Inc. EWY | 5,000 | $1.0 million | 0.00% | -5,000 |
| Vertex Pharmaceuticals Inc. VRTX | 2,019 | $1.0 million | 0.00% | +1,998 |
| Intuitive Surgical Inc. ISRG | 2,519 | $1.0 million | 0.00% | -6 |
| Select Sector SPDR Trust XLRE | 16,000 | $704,000 | 0.00% | no change |
| Morgan Stanley MS | 3,000 | $627,000 | 0.00% | new |
| Arm Holdings plc ARM | 1,500 | $532,000 | 0.00% | new |
| iShares Trust IWR | 4,804 | $530,000 | 0.00% | no change |
| Goldman Sachs Group Inc. GS | 500 | $506,000 | 0.00% | new |
| Constellation Energy Corp. CEG | 2,000 | $497,000 | 0.00% | new |
| Vistra Corp. VST | 3,047 | $483,000 | 0.00% | +2,996 |
| iShares Inc. POWR | 15,000 | $419,000 | 0.00% | no change |
| iShares Trust ICLN | 19,773 | $405,000 | 0.00% | no change |
| Schwab Strategic Trust SCHE | 9,234 | $335,000 | 0.00% | +748 |
| Vanguard Real Estate ETF VNQ | 3,255 | $314,000 | 0.00% | no change |
| SPDR Index SHS FDS FEZ | 3,460 | $238,000 | 0.00% | no change |
| Advanced Micro Devices Inc. AMD | 140 | $81,000 | 0.00% | -72 |
| Ree Automotive Ltd REEAF | 387,500 | $76,000 | 0.00% | no change |
| JPMorgan Chase & Co. JPM | 178 | $58,000 | 0.00% | -12 |
| Perion Network Ltd PERI | 4,804 | $46,000 | 0.00% | no change |
| ExxonMobil Holdings Corp. XOM | 291 | $40,000 | 0.00% | -35 |
| Bank of America Corp. BAC | 705 | $40,000 | 0.00% | -146 |
| Amphenol Corp. APH | 224 | $40,000 | 0.00% | +26 |
| AstraZeneca PLC AZN | 206 | $38,000 | 0.00% | -52 |
| Home Depot, Inc. HD | 106 | $37,000 | 0.00% | -22 |
| S&P Global Inc. SPGI | 85 | $35,000 | 0.00% | -29 |
| Parker-Hannifin Corp. PH | 36 | $35,000 | 0.00% | -8 |
| Linde plc LIN | 57 | $30,000 | 0.00% | -21 |
| Emerson Electric Co. EMR | 209 | $30,000 | 0.00% | -81 |
| Westinghouse Air Brake Technologies Corp. WAB | 113 | $30,000 | 0.00% | -23 |
| Uber Technologies, Inc. UBER | 396 | $29,000 | 0.00% | -82 |
| Berkshire Hathaway Inc. Class B BRKB | 57 | $29,000 | 0.00% | -12 |
| United Rentals, Inc. URI | 26 | $29,000 | 0.00% | -7 |
| Netflix Inc. NFLX | 364 | $26,000 | 0.00% | +156 |
| Danaher Corp. DHR | 130 | $25,000 | 0.00% | +13 |
| Waste Management Inc. WM | 106 | $24,000 | 0.00% | -45 |
| Synopsys Inc. SNPS | 52 | $23,000 | 0.00% | -15 |
| Alphabet Inc. GOOG | 65 | $23,000 | 0.00% | -15 |
| Caesarstone Ltd CSTE | 10,743 | $23,000 | 0.00% | no change |
| Boston Scientific Corp. BSX | 517 | $22,000 | 0.00% | +69 |
| Sempra SRE | 228 | $21,000 | 0.00% | -76 |
| RTX Corp. RTX | 111 | $21,000 | 0.00% | +9 |
| Walmart Inc. WMT | 173 | $20,000 | 0.00% | -55 |
| Coca-Cola Europacific Partners plc CCEP | 198 | $20,000 | 0.00% | -49 |
| Robinhood Markets, Inc. HOOD | 198 | $20,000 | 0.00% | +113 |
| Intercontinental Exchange, Inc. ICE | 154 | $19,000 | 0.00% | -87 |
| Marsh & McLennan Companies, Inc. MRSH | 114 | $19,000 | 0.00% | -25 |
| CBRE Group, Inc. CBRE | 131 | $18,000 | 0.00% | -14 |
| Equinix Inc. EQIX | 16 | $17,000 | 0.00% | -13 |
| Martin Marietta Materials Inc. MLM | 30 | $17,000 | 0.00% | -4 |
| Merck & Co., Inc. MRK | 131 | $17,000 | 0.00% | -28 |
| Texas Instruments Inc. TXN | 57 | $17,000 | 0.00% | -17 |
| Chevron Corp. CVX | 96 | $16,000 | 0.00% | -34 |
| Sunbelt Rentals Holdings Inc. SUNB | 216 | $16,000 | 0.00% | -48 |
| Brookfield Corporation BN | 374 | $16,000 | 0.00% | -33 |
| BJ's Wholesale Club Holdings, Inc. BJ | 170 | $15,000 | 0.00% | -69 |
| Philip Morris International Inc. PM | 82 | $15,000 | 0.00% | -49 |
| General Motors Co. GM | 189 | $15,000 | 0.00% | -49 |
| Procter & Gamble Co. PG | 99 | $15,000 | 0.00% | -15 |
| Regions Financial Corp. RF | 503 | $15,000 | 0.00% | -78 |
| Seagate Technology Holdings plc STX | 16 | $15,000 | 0.00% | new |
| NextEra Energy Inc. NEE | 152 | $13,000 | 0.00% | -193 |
| Thermo Fisher Scientific Inc. TMO | 23 | $12,000 | 0.00% | -12 |
| Alcon AG ALC | 179 | $12,000 | 0.00% | -25 |
| O'Reilly Automotive, Inc. ORLY | 134 | $12,000 | 0.00% | -21 |
| Abbott Laboratories ABT | 135 | $12,000 | 0.00% | +4 |
| Monster Beverage Corp. MNST | 126 | $12,000 | 0.00% | -53 |
| Embraer S.a. EMBJ | 188 | $12,000 | 0.00% | +1 |
| Ferrari N.V. RACE | 33 | $12,000 | 0.00% | new |
| McDonald's Corp. MCD | 40 | $11,000 | 0.00% | -7 |
| Chubb Ltd. CB | 31 | $11,000 | 0.00% | -7 |
| Cummins Inc. CMI | 16 | $11,000 | 0.00% | new |
| Freeport-McMoRan Inc. FCX | 162 | $10,000 | 0.00% | -459,980 |
| W.W. Grainger, Inc. GWW | 7 | $10,000 | 0.00% | -4 |
| EQT Corp. EQT | 185 | $10,000 | 0.00% | +32 |
| Salesforce, Inc. CRM | 53 | $8,000 | 0.00% | -86 |
| Costco Wholesale Corp. COST | 9 | $8,000 | 0.00% | -2 |
| PepsiCo Inc. PEP | 58 | $8,000 | 0.00% | -12 |
| MercadoLibre, Inc. MELI | 5 | $8,000 | 0.00% | -1 |
| Teck Resources Ltd TECK | 138 | $8,000 | 0.00% | -26 |
| Palantir Technologies Inc. PLTR | 72 | $8,000 | 0.00% | new |
| Cooper Companies, Inc. COO | 104 | $7,000 | 0.00% | -40 |
| Progressive Corp. PGR | 34 | $7,000 | 0.00% | -10 |
| Tetra Tech Inc. TTEK | 238 | $7,000 | 0.00% | -18 |
| Agilent Technologies, Inc. A | 48 | $6,000 | 0.00% | -42 |
| American Tower Corp. AMT | 37 | $6,000 | 0.00% | -15 |
| CMS Energy Corp. CMS | 81 | $6,000 | 0.00% | -9 |
| Mastec Inc. MTZ | 14 | $6,000 | 0.00% | new |
| IDEXX Laboratories Inc. IDXX | 11 | $6,000 | 0.00% | new |
| Dexcom Inc. DXCM | 72 | $5,000 | 0.00% | -40 |
| T-Mobile US, Inc. TMUS | 27 | $5,000 | 0.00% | -3 |
| Mondelez International, Inc. MDLZ | 91 | $5,000 | 0.00% | -10 |
| American International Group, Inc. AIG | 61 | $5,000 | 0.00% | -8 |
| Ecolab Inc. ECL | 17 | $5,000 | 0.00% | -2 |
| Audiocodes Ltd SHS AUDC | 522 | $5,000 | 0.00% | no change |
| APi Group Corp. APG | 108 | $5,000 | 0.00% | new |
| monday.com Ltd. MNDY | 55 | $4,000 | 0.00% | -827 |
| CrowdStrike Holdings, Inc. CRWD | 5 | $4,000 | 0.00% | -10 |
| Leonardo DRS Inc. DRS | 90 | $4,000 | 0.00% | no change |
| Repligen Corp. RGEN | 21 | $3,000 | 0.00% | -38 |
| Lowe's Companies Inc. LOW | 12 | $3,000 | 0.00% | -8 |
| Mongodb Inc. MDB | 8 | $3,000 | 0.00% | new |
| Snowflake Inc. SNOW | 11 | $3,000 | 0.00% | new |
| ServiceNow, Inc. NOW | 25 | $2,000 | 0.00% | -40 |
| International Flavors & Fragrances Inc. IFF | 31 | $2,000 | 0.00% | -21 |
| Mobility Global Inc. MBGL | 85 | $2,000 | 0.00% | new |
| Arko Corp. ARKO | 2 | $0 | 0.00% | no change |
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.
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Change is shares against its 13F for the quarter before; the 19 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| Solaredge Technologies Inc. | Calls | 175,500 | $58.1 million |
| Tower Semiconductor Ltd | Puts | 5,000 | $12.6 million |
| Western Digital Corp. | Puts | 1,300 | $9.3 million |
| iShares Trust | Puts | 5,500 | $6.7 million |
| Teva Pharmaceutical Inds Ltd | Calls | 13,030 | $6.3 million |
| Vaneck ETF Trust | Puts | 4,000 | $4.2 million |
| Alpha Tau Medical Ltd DRTSW | Calls | 599,999 | $1.8 million |
| Airship Ai Hldgs Inc. AISPW | Calls | 1,012,499 | $769,000 |
| Taboola.com Ltd TBLAW | Calls | 239,998 | $0 |
9 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.