Instuitional Investor - Harel Insurance Investments & Financial Services Ltd.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	2,823,883	$385,121	6.77%
2.	Sector Spdr Trust	XLB	9,689,414	$364,322	6.4%
3.	Teva Pharmaceutical Industries Ltd	TEVA	28,533,099	$297,886	5.23%
4.	Sector Spdr Trust	XLB	3,558,105	$256,289	4.5%
5.	Sector Spdr Trust	XLB	4,045,719	$256,215	4.5%