Fidelity sells most of its NextVision stake for $426 million
The U.S. investment giant is selling 5.7 million shares in the Israeli drone camera maker at a 7% discount, leaving it with about 3.1 million shares.
About a year after acquiring a stake of nearly 10% in drone camera manufacturer Next Vision, Fidelity is selling most of its shares in the company for approximately NIS 1.3 billion ($426 million).
Investment bank Goldman Sachs is currently distributing 5.7 million Next Vision shares in Israel. Most of the shares have been purchased by foreign investors, who are estimated to have acquired approximately NIS 1 billion ($328 million) worth of stock.
The shares are being sold at a 7% discount to Next Vision’s market price. The company’s stock closed the trading day at NIS 244 ($80), putting the transaction price at approximately NIS 227 ($74).
Fidelity held 8.8 million NextVision shares before the transaction. The sale of 5.7 million shares, nearly two-thirds of its holding, will leave the fund with approximately 3.1 million shares. As a result, Fidelity will no longer be considered a substantial shareholder in the company.
Fidelity built its stake in NextVision in two stages during 2025. It initially accumulated shares through purchases on the stock exchange through May, and later invested $200 million as part of the capital raise conducted by NextVision in September.
Founded 80 years ago, Fidelity is one of the world’s largest asset management firms, with approximately $20 trillion in assets under management. The privately held company employs more than 80,000 people.
