Ibex Investors LLC

The fund exhibits extreme concentration risk, with the top three holdings constituting 75.7% of the total portfolio value. The allocation is heavily skewed, with the top five positions accounting for 97.68% of assets, while the remaining four positions hold minimal weight (collectively under 2.32%). This structure suggests the firm prefers a focused approach rather than broad diversification, relying heavily on the performance of a select few equities.

2. Key Holdings

The portfolio is dominated by a small cluster of core positions that drive the majority of its performance: