Ibex Investors LLC

Hedge Fund • Multi-Strategy

Ibex Investors LLC is a Multi-Strategy Hedge Fund based in Denver, CO led by Justin Bradley Borus, reporting $926.8M in AUM as of Q3 2025 with 72% Technology concentration, 99% concentrated in top 10 holdings, 29% allocation to MNDY, and 72% technology allocation.

CEOJustin Bradley Borus

Portfolio Value: $120.8M
Positions: 13
Top Holding: MNDY at 28.87%
Last Reported: Q3 2025

Address250 Fillmore Street, Suite 150, Denver, CO, 80206, United States

Top Holdings

Largest long holdings in Ibex Investors LLC's portfolio (99.4% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 monday.com MNDY	Software - Application Technology	$34.9M	28.87%	+$34.9M New	0.35% 180.0K shares	Q3 2025 Held for 2 months
2 Ituran Location and Control ITRN	Communication Equipment Technology	$32.0M	26.51%	+$714.4K Bought	4.51% 896.3K shares	Q2 2021 Held for 4y 5m
3 Nayax NYAX	Information Technology Services Technology	$19.9M	16.48%	—	1.13% 416.4K shares	Q3 2022 Held for 3y 2m
4 e.l.f. Beauty ELF	Household & Personal Products Consumer Defensive	$13.5M	11.19%	-$265.0K Sold	0.18% 102.0K shares	Q4 2024 Held for 11 months
5 Gauzy GAUZ	Unknown Unknown	$11.7M	9.67%	-$4.4M Sold	9.84% 1.8M shares	Q2 2024 Held for 1y 5m
6 Barfresh Food Group Inc. BRFH	Beverages - Non-Alcoholic Consumer Defensive	$5.0M	4.15%	—	9.04% 1.4M shares	Q1 2022 Held for 3y 8m
7 eToro Group Ltd. Class A Common Shares ETOR	Unknown Unknown	$1.7M	1.38%	+$1.7M New	0.05% 40.3K shares	Q3 2025 Held for 2 months
8 Molina Healthcare MOH	Medical - Healthcare Plans Healthcare	$497.5K	0.41%	+$497.5K Bought	0.00% 2.6K shares	Q3 2025 Held for 2 months
9 Copart CPRT	Auto - Dealerships Consumer Cyclical	$449.7K	0.37%	+$449.7K Bought	0.00% 10.0K shares	Q3 2025 Held for 2 months
10 PepsiCo PEP	Beverages - Non-Alcoholic Consumer Defensive	$435.4K	0.36%	+$435.4K New	0.00% 3.1K shares	Q3 2025 Held for 2 months

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Ibex Investors LLC's latest filing

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Market Value

$120.8M

Prior: $97.7M

Q/Q Change

+23.54%

+$23.0M

Net Flows % of MV

+24.67%

Turnover Ratio

19.65%

New Purchases

4 stocks

$37.2M

Added To

1 stocks

+$714.4K

Sold Out Of

3 stocks

$3.5M

Reduced Holdings

2 stocks

-$4.6M

Increased Positions

Position	Shares Δ	Change
1 monday.com MNDY	New	0 → 180.0K +$34.9M
2 eToro Group Ltd. Class A Common Shares ETOR	New	0 → 40.3K +$1.7M
3 PepsiCo PEP	New	0 → 3.1K +$435.4K
4 Cactus WHD	New	0 → 5.6K +$221.0K
5 Ituran Location and Control ITRN	+2.28%	876.3K → 896.3K +$714.4K

Decreased Positions

Position	Shares Δ	Change
1 Intercure INCR	Sold	1.9M → 0 −$2.8M
2 SLM SLM	Sold	18.0K → 0 −$590.2K
3 Ur-Energy URG	Sold	121.7K → 0 −$127.8K
4 Gauzy GAUZ	-27.16%	2.5M → 1.8M −$4.4M
5 e.l.f. Beauty ELF	-1.92%	104.0K → 102.0K −$265.0K