Gf Fund Management 13F: Cuts TSEM Stake by $24M

On October 26, 2026, Gf Fund Management reduced its position in Tower Semiconductor Ltd. (TSEM) by 107,499 shares, bringing its total to 118,357 shares. This cut represents a decrease of about 47.6% and is valued at approximately $26.9 million, according to the fund's latest Form 13F filing with the SEC.

TSEM Tower Semiconductor Ltd.

$167.56 ▲ +37.64% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Where Tower Semiconductor Fits in Gf Fund Management's Portfolio

Gf Fund Management's stake in Tower Semiconductor now makes up 0.63% of its total reported value of about $4.25 billion. The fund ranks 31st among its 616 reported positions, indicating that this is a smaller bet for the fund following the reduction.

Other Institutional Activity in Tower Semiconductor

Several other institutional investors have also adjusted their positions in Tower Semiconductor. Clal Insurance Enterprises Holdings Ltd added 686,095 shares, totaling 4,658,848 shares valued at about $832.8 million. Jane Street Group, LLC increased its holdings by 1,737,965 shares, now holding 2,928,515 shares worth approximately $523.5 million. Harel Insurance Investments & Financial Services Ltd grew its stake by 289,524 shares, ending with 2,279,379 shares valued at around $407.4 million.

Tower Semiconductor Ltd. Stock Up 6.6%

Tower Semiconductor shares recently traded around $178.66, which is 6.6% above its closing price of $167.56 on October 23, 2026. However, the stock remains well below its 50-day moving average of $218.73 and its 200-day average of $203.61. The shares are currently 44.2% below their 52-week high of $319.94 but are up 131.9% from their 52-week low of $77.04.

Recent Earnings

For the trailing twelve months, Tower Semiconductor reported revenue of approximately $1.71 billion with a net margin of 16.9%. The company is set to announce its next earnings report on November 2, 2026.

Insider Buying and Selling at Tower Semiconductor Ltd.

Recent insider transactions include Chief Executive Officer Russell Craig Ellwanger, who sold 66,964 shares on July 13, 2026, valued at about $14.4 million, and another sale of 181,535 shares on August 11, 2026, worth around $45.6 million. Director Yoav Chelouche sold 232 shares on September 10, 2026, for about $49,894.

Analysts Set New Price Targets

On August 7, 2026, B of A Securities initiated coverage on Tower Semiconductor with a Buy rating and a price target of $367. Stifel followed suit on September 2, 2026, also initiating coverage with a Buy rating and a target of $270. Barclays initiated with an Overweight rating and a target of $310 on September 18, 2026, while Mizuho initiated with an Outperform rating and a target of $300 on September 25, 2026. The consensus target price is $312.93, with ten analyst opinions.

About Tower Semiconductor

Tower Semiconductor Ltd. is an independent semiconductor foundry based in Migdal Haemek, Israel. The company specializes in providing technology and process platforms for integrated circuits across various regions, including the U.S., Japan, and Europe. Its services include customizable technologies for various applications, making it a key player in the semiconductor industry.

Bottom Line

Investors will be watching for Tower Semiconductor's earnings report on November 2, 2026, as Gf Fund Management's recent position cut may indicate a shift in sentiment. Further filings from Gf Fund Management may reveal more about its investment strategy in the coming months.