Elbit Systems

ESLT • NASDAQ

Elbit Systems is a aerospace & defense company in the industrials sector on NASDAQ, led by Bezhalel (Butzi) Machlis, with a market cap of $23.7B. As of Q3 2025, 21% of shares are held by 320 institutional investors, with Clal Insurance Enterprises Holdings Ltd as the largest holder at 2.49%.

President and CEOBezhalel (Butzi) Machlis

Market Cap$23.7B

Aerospace & Defense

Industrials

Employees19.0K

Websiteelbitsystems.com

Overview

Overview of institutional ownership in ESLT as of Q3 2025 with a market cap of $23.6B

All Institutions

Institutions: 320
Value Held: $5.0B
Shares Held: 9.7M
Avg Position: $15.5M
Median Position: $619.4K

Hedge Funds

Hedge Funds: 36
Value Held: $647.2M
Shares Held: 1.3M
Avg Position: $18.0M
Median Position: $4.9M

Ownership Breakdown

Institutional (non-HF)

18.21%

$4.3B

Hedge Funds

2.74%

$647.2M

Retail & Other

79.05%

$18.7B

Based on market cap of $23.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ESLT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
C Clal Insurance Enterprises Holdings Ltd Institution	-	$588.1M 5.01% of portfolio	2.49% 1.2M shares	Q4 2014 Held for 10y 11m	$11.7B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$501.0M 0.01% of portfolio	2.12% 984.9K shares	Q1 2015 Held for 10y 8m	$6.69T
VAN ECK ASSOCIATES CORP ETF Provider	Jan Frederick Vaneck CEO	$330.4M 0.34% of portfolio	1.40% 648.1K shares	Q2 2021 Held for 4y 5m	$96.6B
A Altshuler Shaham Ltd Institution	-	$312.4M 5.17% of portfolio	1.33% 615.9K shares	Q4 2017 Held for 7y 11m	$6.0B
Y Y.D. More Investments Ltd Institution	-	$304.4M 17.44% of portfolio	1.29% 600.0K shares	Q3 2023 Held for 2y 2m	$1.7B
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$246.1M 0.15% of portfolio	1.04% 483.8K shares	Q4 2023 Held for 1y 11m	$158.92B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$189.1M 0.03% of portfolio	0.80% 370.9K shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
MEITAV DASH INVESTMENTS LTD RIA/Wealth	Jonathan Dash President	$184.4M 2.55% of portfolio	0.78% 363.2K shares	Q1 2018 Held for 7y 8m	$7.2B
LAZARD ASSET MANAGEMENT LLC Long Only Manager	Evan Lawrence Russo CEO	$172.7M 0.23% of portfolio	0.73% 340.2K shares	Q2 2023 Held for 2y 5m	$74.1B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$146.7M 0.01% of portfolio	0.62% 287.9K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for ESLT in Q3 2025

Traded: +$102.8M
Buyers: 195
Sellers: 103
Total Bought: +$863.1M
Total Sold: −$760.3M
Avg Position: $14.1M

Biggest Buyers

Institution	Net Bought	Current Position
VAN ECK ASSOCIATES CORP ETF Provider	+$320.3M +628.2K shares	$330.4M 648.1K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	+$172.7M +340.2K shares	$172.7M 340.2K shares
BANK OF AMERICA CORP /DE/ Institution	+$47.1M +92.4K shares	$84.8M 166.4K shares
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	+$39.5M +77.7K shares	$128.6M 253.3K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$35.3M +69.2K shares	$52.3M 102.6K shares
FRANKLIN RESOURCES INC Institution	+$26.9M +52.8K shares	$27.3M 53.5K shares
VANGUARD GROUP INC Institution	+$22.9M +45.1K shares	$501.0M 984.9K shares
P Pictet & Cie SA Institution	+$18.1M +35.5K shares	$18.1M 35.5K shares
Invesco Ltd. ETF Provider	+$17.1M +33.6K shares	$189.1M 370.9K shares
S SEVEN GRAND MANAGERS, LLC Hedge Fund•Multi-Strategy	+$12.7M +25.0K shares	$25.5M 50.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
G GCIC Ltd. Institution	−$273.0M −535.4K shares	$84.0M 164.7K shares
A Altshuler Shaham Ltd Institution	−$57.7M −113.7K shares	$312.4M 615.9K shares
JPMORGAN CHASE & CO Institution	−$56.0M −109.9K shares	$42.7M 83.7K shares
C Clal Insurance Enterprises Holdings Ltd Institution	−$42.9M −84.1K shares	$588.1M 1.2M shares
UBS Group AG Institution	−$38.1M −74.8K shares	$47.7M 93.6K shares
D D. E. Shaw & Co., Inc. Institution	−$37.5M −73.6K shares	$1.3M 2.5K shares
J JANE STREET GROUP, LLC Institution	−$27.7M −54.4K shares	$13.8M 27.0K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$25.5M −50.1K shares	$20.4M 40.0K shares
C Cubist Systematic Strategies, LLC Institution	−$25.3M −49.6K shares	$3.1M 6.0K shares
Marshall Wace LLP Institution	−$18.9M −37.2K shares	$27.3M 53.5K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ESLT in Q3 2025

New Positions: 49
New Value: $40.2M
Exited Positions: 30
Exited Value: $60.8M

New Positions

Institution	Position Value
P Pictet & Cie SA Institution	$18.1M 35.5K shares
Capital Wealth Planning, LLC RIA/Wealth	$3.4M 6.6K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$3.1M 6.1K shares
INTECH INVESTMENT MANAGEMENT LLC Long Only Manager	$2.8M 5.5K shares
Eos Management, L.P. Private Equity	$2.6M 5.1K shares
D DYMON ASIA CAPITAL PTE. LTD. Institution	$1.4M 2.7K shares
P PINNBROOK CAPITAL MANAGEMENT LP Hedge Fund•Global Macro	$793.2K 1.6K shares
J J.W. COLE ADVISORS, INC. Institution	$760.6K 1.5K shares
B Bedell Investment Counselling RIA/Wealth	$535.3K 1.1K shares
G GTS SECURITIES LLC Institution	$469.5K 921.0 shares

Exited Positions

Institution	Previous Position
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	$11.6M 25.7K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$8.4M 18.7K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$8.4M 18.7K shares
D Duquesne Family Office LLC Institution	$8.2M 18.3K shares
W Waratah Capital Advisors Ltd. Hedge Fund•Multi-Strategy	$7.4M 16.5K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.5M 10.0K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$3.4M 7.6K shares
M MACQUARIE GROUP LTD Institution	$2.4M 1.6K shares
L Longaeva Partners L.P. Institution	$1.5M 3.4K shares
V Virtu Financial LLC Institution	$1.3M 3.0K shares

Options Activity

Institutions with the largest Call and Put options positions in ESLT as of Q3 2025

Call Positions: 9
Call Value: $42.2M
Put Positions: 8
Put Value: $28.1M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$12.9M 254.0 contracts
D D. E. Shaw & Co., Inc. Institution	$11.9M 234.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$8.3M 163.0 contracts
W WOLVERINE TRADING, LLC Institution	$4.0M 81.0 contracts
J JANE STREET GROUP, LLC Institution	$3.0M 58.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$1.7M 34.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$203.9K 4.0 contracts
Walleye Trading LLC RIA/Wealth	$102.0K 2.0 contracts
P PEAK6 LLC Institution	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$8.5M 167.0 contracts
D D. E. Shaw & Co., Inc. Institution	$6.6M 129.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.1M 119.0 contracts
W WOLVERINE TRADING, LLC Institution	$3.1M 63.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$2.7M 52.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$509.8K 10.0 contracts
J JANE STREET GROUP, LLC Institution	$305.9K 6.0 contracts
Walleye Trading LLC RIA/Wealth	$305.9K 6.0 contracts

Most Committed Institutions

Institutions with ESLT as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Y Y.D. More Investments Ltd Institution	-	17.44% $304.4M	1.29% 600.0K shares	Q3 2023 Held for 2y 2m	$1.7B
Heard Capital LLC Hedge Fund•Long/Short	William Ellak Heard CEO	5.34% $110.0M	0.47% 215.8K shares	Q4 2023 Held for 1y 11m	$2.1B
A Altshuler Shaham Ltd Institution	-	5.17% $312.4M	1.33% 615.9K shares	Q4 2017 Held for 7y 11m	$6.0B
C Clal Insurance Enterprises Holdings Ltd Institution	-	5.01% $588.1M	2.49% 1.2M shares	Q4 2014 Held for 10y 11m	$11.7B
L Legal Advantage Investments, Inc. RIA/Wealth	David Mark Spector President	3.40% $7.6M	0.03% 14.8K shares	Q4 2020 Held for 4y 11m	$222.1M
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	Michael Walter Germino CEO	2.94% $51.0M	0.22% 100.0K shares	Q2 2025 Held for 5 months	$1.7B
Fogel Capital Management, Inc. RIA/Wealth	Michael Frederick Fogel President	2.93% $6.3M	0.03% 12.4K shares	Q4 2023 Held for 1y 11m	$216.1M
H HWG Holdings LP Institution	-	2.66% $9.9M	0.04% 19.3K shares	Q2 2025 Held for 5 months	$370.4M
MEITAV DASH INVESTMENTS LTD RIA/Wealth	Jonathan Dash President	2.55% $184.4M	0.78% 363.2K shares	Q1 2018 Held for 7y 8m	$7.2B
Henry James International Management Inc. Long Only Manager	James Henry O'Leary CEO	2.54% $6.9M	0.03% 13.5K shares	Q3 2018 Held for 7y 2m	$271.0M

Hedge Fund Spotlight

Discover hedge funds investing in ESLT

PINNBROOK CAPITAL MANAGEMENT LP

Hedge Fund • Global Macro

Portfolio ManagerZachary Mitchell Kurz

Portfolio Value: $552.3M
Positions: 116
Last Reported: Q3 2025

Sector Allocation

Position in Elbit Systems

Market Value: $793.2K
Shares Held: 1.6K
Portfolio Weight: 0.14%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 C.H. Robinson Worldwide CHRW	Integrated Freight & Logistics Industrials	$17.7M	3.21%
2 Microsoft MSFT	Software - Infrastructure Technology	$17.4M	3.16%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$15.6M	2.83%