SCHEDULE: Phoenix Financial Ltd. Updates ICL Group Stake

Phoenix Financial Ltd. has filed an amendment to its Schedule 13G, reporting its beneficial ownership of ICL Group Ltd. ordinary shares.

Summary

• Phoenix Financial Ltd. (and its subsidiaries) has filed an amendment (Amendment No. 8) to its Schedule 13G regarding its beneficial ownership of ICL Group Ltd. ordinary shares.
• The filing indicates that as of August 13, 2026, Phoenix Financial Ltd. beneficially owned 64,298,945.76 ordinary shares, representing 4.98% of the class.
• This ownership is held through various direct or indirect, majority or wholly-owned subsidiaries, each operating under independent management and making their own voting and investment decisions.
• The filing explicitly disclaims the existence of a 'group' for Section 13(d) purposes and disclaims beneficial ownership in excess of actual pecuniary interest.
• The total number of ordinary shares outstanding as of August 16, 2026, was reported as 1,290,718,361.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily an update on beneficial ownership rather than a performance report.

Positives

• Phoenix Financial Ltd. maintains a significant, though below the 5% threshold for active reporting, stake in ICL Group Ltd.
• The filing clarifies the structure of ownership through various subsidiaries, emphasizing independent management and decision-making.

Negatives

• The filing does not contain financial performance data or strategic updates, limiting insights into the company's operational health.
• The disclaimer regarding beneficial ownership and the potential for changing ownership rights within partnerships may introduce some ambiguity for investors seeking clear control information.

Risks

• The disclaimer that ownership rights in partnerships change frequently according to a mechanism provided in the partnership agreement could lead to fluctuations in the reported beneficial ownership.
• The filing does not provide forward-looking statements, making it difficult to assess future strategic implications of this ownership stake.

Future Outlook

No forward-looking statements or guidance are provided in this filing, as it pertains to beneficial ownership reporting.

Management Comments

• Each of the Subsidiaries manages its own funds and/or the funds of others, including for holders of exchange-traded notes or various insurance policies, members of pension or provident funds, unit holders of mutual funds, and portfolio management clients.
• Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.
• Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting person disclaims the existence of any such group.
• Each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein.
• This Statement shall not be construed as an admission by the Filing Persons or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine for institutional investors crossing certain ownership thresholds. This filing by Phoenix Financial Ltd. is a standard disclosure update and does not inherently signal a change in strategy or performance for ICL Group Ltd. itself.

Stakeholder Impact

• Shareholders of ICL Group Ltd.: This filing provides transparency on a significant institutional investor's holdings, but does not directly impact day-to-day operations or immediate share price without further context.
• Phoenix Financial Ltd. stakeholders: The filing confirms the management of investment portfolios and adherence to regulatory disclosure requirements.

Next Steps

• Phoenix Financial Ltd. will continue to file amendments to Schedule 13G as required by SEC regulations based on changes in its beneficial ownership of ICL Group Ltd. shares.

Key Dates

Keywords

ICL Group, Phoenix Financial Ltd., Schedule 13G, Beneficial Ownership, Ordinary Shares, Amendment, Investment Holdings