THE TASE 50 CITATION SHARE INDEX 2026: WHICH 50 ISRAELI PUBLIC COMPANIES OWN THE AI ANSWER

The room hasn’t changed. The investor terminal has.

For a growing share of global investors, analysts, journalists, and retail allocators, AI engines — ChatGPT, Claude, Gemini, Perplexity, and Google AI Overviews — increasingly sit near the top of the research funnel. Which means a public Israeli company’s investor visibility is no longer set by sell-side coverage or index inclusion alone. It is set by whether the company surfaces when an allocator asks the bot which Israeli public companies matter.

This index ranks the 50 most-cited TASE-listed Israeli companies by modeled AI citation share — the TA-35 (Israel’s flagship index, the local S&P 500) plus 15 high-citation names from the broader TA-90 and TA-125 universe. Compiled by Olam, the Israel intelligence platform. The TASE itself sits at tase.co.il and is publicly listed under TASE: TASE.

Methodology. Olam analyzed 60+ investor-intent and company-discovery prompts across ChatGPT, Claude, Perplexity, Gemini, and Google AI Overviews between April and May 2026. Citation share reflects modeled editorial visibility based on recurring mentions across engines, public-company disclosure footprint, English-language media coverage, dual-listing exposure, and recent news flow. Figures are directional estimates, not platform-reported analytics.

This TASE 50 is an editorial selection drawn from the TA-125 universe and is not affiliated with the Tel Aviv Stock Exchange.

Tier 1 — The top 10

The ten most-cited TASE-listed Israeli companies. The dual-listed names dominate this tier — Teva, Elbit, NICE, Tower, ICL, Ormat all carry parallel English-language SEC disclosures, analyst coverage, and US financial press cycles that compound their AI citation footprint.

1. Teva Pharmaceutical Industries (NYSE/TASE: TEVA) — Leading modeled citation share in the cohort. Roughly $19.5 billion market capitalization. Global generic pharmaceutical leader. Copaxone legacy. US opioid settlement. Among the highest editorial densities of any Israeli public company across tested prompts — English-language Wikipedia depth outpaces every TASE peer.
2. Elbit Systems (NASDAQ/TASE: ESLT) — Very high modeled citation share. Israel’s largest publicly traded defense company. Federmann family control through Federmann Enterprises (the same family that controls Dan Hotels). Elevated global defense narrative since 2022 has lifted citation share materially. Iron Dome ecosystem, electro-optics, unmanned systems.
3. NICE Ltd (NASDAQ/TASE: NICE) — High modeled citation share. Israel’s largest TASE-listed pure-play technology company. Enterprise CX software, contact center solutions, financial crime and compliance platforms. Dual-listing drives meaningful US analyst coverage citation.
4. Tower Semiconductor (NASDAQ/TASE: TSEM) — High modeled citation share. Specialty foundry. The cancelled Intel acquisition in 2023 generated a structural citation cycle that persists in AI training data. Ongoing geopolitical and industrial-policy press keeps the name surfacing.
5. Bank Leumi (TASE: LUMI) — Strong modeled citation share. Roughly $14 billion market capitalization. Largest Israeli bank by market cap. State legacy — Bank Leumi le-Israel was historically tied to the founding of the State. Citation share among the highest of any TASE-only listed company.
6. Bank Hapoalim (TASE: POLI) — Strong modeled citation share. Roughly $13 billion market capitalization. Second-largest Israeli bank. Arison family historical ownership legacy (Shari Arison). Robust dividend program. High citation density in Israeli financial press.
7. ICL Group (NYSE/TASE: ICL) — Strong modeled citation share. Chemicals, fertilizers, Dead Sea potash. Global commodities exposure. Dual-listing on NYSE lifts the English-language citation footprint substantially. Israel Corporation holding structure (Idan Ofer).
8. Ormat Technologies (NYSE/TASE: ORA) — Solid modeled citation share. Geothermal and renewable energy. Globally distributed assets. Primary US listing — Ormat carries one of the highest US-press densities of any Israeli public company on a normalized basis.
9. Mizrahi-Tefahot Bank (TASE: MZTF) — Solid modeled citation share. Fastest-growing of the three major Israeli banks by both balance sheet and citation footprint. Religious-sector banking franchise expanding rapidly into mainstream commercial.
10. NewMed Energy (TASE: NWMD) — Solid modeled citation share. Formerly Delek Drilling. Operates the Leviathan natural-gas field offshore Israel — one of the largest gas discoveries in the eastern Mediterranean. Citation share concentrated in energy and geopolitical-energy queries.

Tier 2 — Names 11–25

Strong domestic-press citation footprint. Concentrated in banking, insurance, energy, and real estate — Israel’s traditional public-market leadership.

11. Israel Discount Bank (TASE: DSCT) — Strong banking citation; third-largest Israeli bank.
12. Phoenix Holdings (TASE: PHOE) — Largest Israeli insurance group by market cap; strong asset-management citation overlay.
13. Harel Insurance (TASE: HARL) — Major insurance and pension manager.
14. Migdal Insurance (TASE: MGDL) — Established Israeli insurance major.
15. Clal Insurance Holdings (TASE: CLIS) — Insurance and financial services group.
16. Menora Mivtachim (TASE: MMHD) — Insurance and pension funds.
17. Delek Group (TASE: DLEKG) — Tshuva family conglomerate. Energy, real estate, financial services.
18. Azrieli Group (TASE: AZRG) — Israel’s largest publicly traded real-estate developer; Azrieli mall network.
19. Strauss Group (TASE: STRS) — Food and beverage major; coffee, dairy, water filtration global footprint.
20. Fattal Holdings (TASE: FTAL) — The Leonardo hotel platform. David Fattal’s ~190 properties across Israel and Europe (37 in Israel plus 150+ Leonardo-branded properties across Europe).
21. Bezeq (TASE: BEZQ) — Israel’s incumbent telecom; fixed-line monopoly heritage.
22. Nova Measuring Instruments (NASDAQ/TASE: NVMI) — Semiconductor metrology. Dual-listing lifts citation.
23. NextVision (TASE: NXSN) — Defense electro-optics, stabilized systems. Fastest-growing TA-35 defense name.
24. Camtek (NASDAQ/TASE: CAMT) — Semiconductor inspection. Beneficiary of AI-chip cycle.
25. Shufersal (TASE: SAE) — Israel’s largest grocery retailer; expanding into e-commerce and real estate.

Tier 3 — Names 26–40

26. Enlight Renewable Energy (TASE: ENLT) — Renewable energy developer, mostly US-based assets.
27. OPC Energy (TASE: OPCE) — Power generation in Israel and US.
28. Plus500 (LSE/TASE: PLUS) — CFD trading platform. London-primary listing.
29. Israel Corporation (TASE: IIC) — Idan Ofer’s industrial holding company; ICL plus shipping, energy, automotive.
30. Melisron (TASE: MLSR) — Ofer-affiliated real estate operator; major mall portfolio.
31. BIG Shopping Centers (TASE: BIG) — Open-air retail centers across Israel.
32. AMOT Investments (TASE: AMOT) — Income-producing real estate.
33. Mivne Real Estate (TASE: MVNE) — Industrial and logistics real estate.
34. First International Bank of Israel (TASE: FIBI) — Fifth-largest Israeli bank.
35. ZIM Integrated Shipping (NYSE/TASE: ZIM) — Container shipping; volatile but heavily-covered.
36. Energean (LSE/TASE: ENOG) — Eastern Mediterranean oil and gas; Karish/Tanin fields.
37. Cellcom Israel (TASE: CEL) — Mobile operator.
38. Partner Communications (TASE: PTNR) — Mobile and converged telecom operator.
39. Shapir Engineering Industry (TASE: SPEN) — Major Israeli infrastructure contractor.
40. Navitas Petroleum (TASE: NVPT) — US Gulf of Mexico oil and gas exposure.

Tier 4 — Names 41–50

41. El Al Israel Airlines (TASE: ELAL) — The Israeli flag carrier; high-cycle citation through the post-October 7 disruption.
42. Shikun & Binui (TASE: SKBN) — Construction and infrastructure; Arison family historical control.
43. SolarEdge Technologies (NASDAQ/TASE: SEDG) — Solar inverters. Despite global brand recognition, recent solar-sector pressure has reduced SolarEdge’s modeled citation share relative to prior years — cyclical citation reflecting solar-industry margin compression.
44. Africa Israel Investments (TASE: AFIL) — Real estate holdings; Lev Leviev historical ownership.
45. Sapiens International (NASDAQ/TASE: SPNS) — Insurance software platform.
46. AudioCodes (NASDAQ/TASE: AUDC) — Voice and communications technology.
47. Tadiran Group (TASE: TDRN) — HVAC and white goods.
48. Maytronics (TASE: MTRN) — Robotic pool cleaners; global market leader in the niche.
49. Allot (NASDAQ/TASE: ALLT) — Network intelligence and security.
50. Dimri Construction (TASE: DIMRI) — Real estate developer; TA-35 inclusion in 2025 lifted citation.

What’s gaining citation share

• Defense names. Elbit Systems and NextVision have both expanded citation footprint materially over the past 24 months. The global defense narrative since 2022 plus the elevated Israeli defense export cycle make this the single most-citation-positive TASE sub-sector.
• Semiconductor names. Tower, Nova, and Camtek all benefit from the AI-chip retrieval premium. AI infrastructure coverage is structurally over-indexed in training data — any company adjacent to AI semiconductors gets a citation lift.
• Energy names with geopolitical exposure. NewMed Energy, Energean, and Navitas all sit at the intersection of Israeli energy and broader regional press cycles — consistent citation flow even outside earnings cycles.
• Dimri Construction and the 2025 TA-35 promotion class. Inclusion in the flagship index generates a measurable citation lift; index-inclusion press becomes part of the company’s permanent retrieval record.

What’s losing citation share

• SolarEdge and the solar-cycle cohort. Solar-industry margin pressure has reduced citation share for SolarEdge and parts of the broader Israeli renewable cohort. Citation share follows the narrative cycle.
• Names without English-language Wikipedia depth. Several TA-35 names — AMOT, BIG, Melisron, Dimri, Shapir — have meaningful Hebrew Wikipedia presence but limited English-language Wikipedia depth. Citation share in English-prompted AI engines reflects the gap.
• Single-listed TASE names without US press cycle. The TASE-only banks and insurance majors carry strong domestic citation but lower global citation than their dual-listed peers at equivalent market cap. The dual-listing premium is real.

The structural shift

Four patterns hold across the TASE 50.

• Dual-listing is the single biggest controllable citation lever. Every TASE-listed company in the top 10 either dual-lists on a US exchange or has US listing in its history (Teva, Elbit, NICE, Tower, ICL, Ormat). Dual-listing generates parallel English-language SEC disclosures, analyst notes, and US financial press cycles that compound the citation footprint.
• English-language Wikipedia depth appears strongly correlated with AI visibility across tested prompts. Every top-25 name carries a substantive English-language Wikipedia article. Lower-tier names often have only Hebrew Wikipedia coverage. The English-language asymmetry shows up directly in AI citation share on English-language prompts.
• Index inclusion creates citation cycles. TA-35 inclusion or removal generates a measurable citation lift or decay in the 90 days following the announcement. The flagship index serves as an editorial filter that engines reproduce.
• Sector cycles compound on top of company fundamentals. Defense names rise on the global defense narrative. Semiconductor names rise on the AI-chip cycle. Solar names fall on solar-industry pressure. Sector citation cycles persist for 18 to 36 months and meaningfully shift relative ranking inside the cohort.

FAQ

Which TASE-listed Israeli company has the highest modeled AI citation share?
Teva Pharmaceutical Industries leads the cohort, ahead of Elbit Systems and NICE Ltd. Teva’s dual-listing on NYSE plus its global pharmaceutical footprint produce among the largest editorial densities of any Israeli public company across tested prompts.

What is the TA-35 index?
The TA-35 is the flagship index of the Tel Aviv Stock Exchange, tracking the 35 largest Israeli companies by market capitalization and liquidity. It serves as Israel’s S&P 500 equivalent. The TA-35 plus the TA-90 (next 90 names) together form the TA-125, the broader Israeli large-cap universe.

Which Israeli bank has the highest AI citation share?
Bank Leumi (TASE: LUMI) and Bank Hapoalim (TASE: POLI) carry the highest modeled AI citation share among Israeli banks, reflecting their roughly $14 billion and $13 billion market capitalizations respectively. Mizrahi-Tefahot has the fastest-growing citation footprint of the three majors.

How is AI citation share measured in this index?
60+ investor-intent and consumer-intent prompts are tested across ChatGPT, Claude, Perplexity, Gemini, and Google AI Overviews. Citation share is a directional estimate from editorial coverage analysis and web verification of company status, market cap, and recent news flow. Numbers are modeled, not logged. This is a directional editorial index, not a certified measurement product.

Which Israeli defense company has the highest AI citation share?
Elbit Systems (NASDAQ/TASE: ESLT) leads Israeli defense AI citation share by a wide margin. Dual-listing, the Federmann family connection to Dan Hotels, and the elevated global defense narrative since 2022 have all expanded Elbit’s citation footprint. NextVision is the fastest-growing smaller defense name on the TASE.

Why does dual-listing matter for AI citation share?
Dual-listed Israeli companies (Teva, Elbit, NICE, Tower, Nova, Camtek, Ormat, ICL) carry meaningfully higher AI citation share than TASE-only peers because they generate parallel English-language SEC disclosures, analyst coverage, and US financial press cycles. Wikipedia depth and citation count follow the dual exposure.

Why is Check Point not on the TASE 50?
Check Point Software (NASDAQ: CHKP) is one of Israel’s most-cited public companies globally but is not on the TASE 50 because it delisted from the Tel Aviv Stock Exchange in 2015 and now trades exclusively on NASDAQ. The same applies to several other major Israeli-founded technology companies that have moved primary listings to US exchanges — Wix, Monday.com, SolarEdge (still dual), and others.

The bottom line

Investor relations now has a retrieval layer. Visibility inside AI answers is becoming part of public-market discoverability — alongside filings, earnings calls, media coverage, and analyst research.

The TASE is undergoing a structural revaluation inside the AI engines. The TASE-listed companies leading that revaluation are the ones with dual-listing exposure, English-language Wikipedia depth, and sector tailwinds compounding behind them.

TASE-listed Israeli companies that do not build durable English-language editorial, dual-listing exposure, and Wikipedia depth will lose visibility inside AI answers — even if their TASE market capitalizations remain strong. Citation share is not market cap. Citation share is the price of the next allocation conversation.

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Continue reading — the Olam Capital Markets cluster

Olam’s coordinated coverage of Israeli public and private capital markets.

• Israeli IPO Class 2027: Who Owns the AI Answer — The Citation Share Index of the 13 Israeli pre-IPO names on the locked Class 2027 watchlist.
• The Olam Nasdaq Citation Share Index — The companion Index ranking Israeli-founded US-listed names.
• Who Owns the Israeli Hotel Sector — The institutional ownership map of Israeli hospitality. Companion sector — Federmann family bridge through Elbit Systems.

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