Israel’s Phoenix Financial Exits $169 Million Tower Semiconductor Stake After Stock's 99% Rally

On Monday, Israel-based Phoenix Financial disclosed that it sold out of Tower Semiconductor (NASDAQ:TSEM), liquidating nearly 3.7 million shares for an estimated $169.5 million in the third quarter.Phoenix Financial disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) released on Monday that it sold out of Tower Semiconductor during the third quarter. The move involved selling nearly 3.7 million shares, with an estimated transaction value of $169.5 million based on the average price over the quarter. The fund reported holding zero shares at quarter-end.Top holdings after the filing:Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool