Value Base Ltd.

The portfolio is heavily top-heavy, with the top three positions—Cognyte Software Ltd, Valens Semiconductor Ltd, and Audiocodes Ltd—accounting for approximately 73.8% of the total assets. This suggests the firm's performance is heavily correlated with the price movements of these three specific equities. The lack of "Unknown" sector classification in the provided data implies these holdings are likely concentrated in a specific industry or geography (notably, many of the top holdings are Israeli technology firms), though the filing data formally lists the sector as "Unknown."

2. Key Holdings

The portfolio is dominated by a few major positions, each representing a significant double-digit weighting: