US Investment Giant Sells Stake in Defense Tech Firm for $330 Million

American investment fund Fidelity has significantly reduced its holdings in NextVision, a manufacturer of stabilized camera systems for aerial and ground vehicles. The sale involved approximately 5.7 million shares, generating around 1.3 billion shekels (approximately $330 million USD). Goldman Sachs managed the distribution of these shares, which were sold at about 227 shekels each, a 7% discount from NextVision's closing price of 244 shekels.

Fidelity previously held about 8.8 million shares and will now retain approximately 3.1 million, meaning it has sold nearly two-thirds of its stake. This transaction causes Fidelity to fall below the 5% ownership threshold, changing its status from a significant stakeholder to a shareholder not considered a "interested party" in the company. Reports indicate that foreign entities purchased a substantial portion of the shares in this deal.

Fidelity first became a significant stakeholder in NextVision during 2025, building its position in two phases: initial open market purchases and participation in a $200 million capital raise by NextVision in September 2025. NextVision develops and produces stabilized camera systems for applications including drones and ground vehicles, serving both military and civilian markets, primarily selling to system manufacturers.

The sale by Fidelity follows other recent divestments and investor interest. In June 2026, the company's founders sold shares worth approximately 570 million shekels (about 2.2% of the company) to foreign institutional investors at 270 shekels per share. NextVision is traded on the Tel Aviv Stock Exchange, with a market capitalization of about 22.6 billion shekels. The company's stock has risen approximately 16% since the beginning of 2026.