The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

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OMB Number: 3235-0006
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Report for the Calendar Year or Quarter Ended: 12-31-2022
Check here if Amendment X Amendment Number: 1
This Amendment (Check only one.): X is a restatement.
   adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Union Investments & Development Ltd.
Address: 67 Yigal Alon Street
Tel Aviv, L3  6744317
Form 13F File Number: 028-22045
CRD Number (if applicable):
SEC File Number (if applicable):

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Eyal Golan
Title: Chief Executive Officer
Phone: 972-747155596
Signature, Place, and Date of Signing:
/s/ Eyal Golan Tel AvivL3 05-30-2023
[Signature] [City, State] [Date]
This Amendment No. 1 ("Amendment No. 1") amends Union Investments & Development Ltd.'s (the "Company") Form 13F report for the calendar year ended December 31, 2022, as filed with the U.S. Securities and Exchange Commission on February 14, 2023, to (1) add the Company's holdings in WOODSIDE ENERGY GROUP LTD, (2) to amend the total number of ISHARES TR from 82,453 to 167,453, and (3) to amend the total value of ISHARES TR held from $33,949,252 to $68,655,602, all of which were inadvertently omitted. No other changes are being made under Amendment No. 1.
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
   13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
   13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 49
Form 13F Information Table Value Total: 170,269,295
(round to nearest dollar)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
NONE