SCHEDULE: Phoenix Financial Reports 5.87% Stake in ICL Group

Phoenix Financial Ltd. has disclosed a beneficial ownership of 5.87% in ICL Group Ltd. ordinary shares as of March 31, 2026.

Summary

• Phoenix Financial Ltd. (through its subsidiaries) now beneficially owns 75,771,919.76 ordinary shares of ICL Group Ltd., representing 5.87% of the class.
• This ownership is held across various subsidiaries, including trust funds, investment partnerships, nostro accounts, pension funds, and insurance policies.
• The filing clarifies that each subsidiary operates under independent management and makes its own voting and investment decisions.
• Phoenix Financial Ltd. explicitly disclaims the existence of a group for the purpose of Section 13(d) of the Securities Exchange Act of 1934.
• The total number of ordinary shares outstanding for ICL Group Ltd. as of May 4, 2026, was reported as 1,290,672,729.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It provides factual information about ownership percentages and disclaimers, without offering insights into the company's performance or future prospects.

Positives

• Phoenix Financial Ltd. has increased its stake or maintained a significant holding in ICL Group Ltd., indicating confidence in the company's prospects.
• The diversified ownership structure across various subsidiaries suggests a broad investment strategy rather than concentrated control.
• The filing is up-to-date as of March 31, 2026, providing current ownership information.

Negatives

• The filing does not contain financial performance data or operational updates for ICL Group Ltd., focusing solely on ownership.
• Phoenix Financial Ltd. explicitly disclaims beneficial ownership beyond their actual pecuniary interest and denies the existence of a group, which could be interpreted as a defensive stance.

Risks

• Potential for future changes in ownership by Phoenix Financial Ltd. or its subsidiaries, which could impact ICL Group's shareholder structure.
• The disclaimer regarding the existence of a 'group' might be a response to regulatory scrutiny or a way to avoid certain obligations under Section 13(d).

Future Outlook

This filing is a Schedule 13G, which reports beneficial ownership and does not contain forward-looking statements or guidance regarding ICL Group Ltd.'s future performance.

Management Comments

• Each of the Subsidiaries manages their 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.
• In addition, 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 common for institutional investors accumulating significant stakes in public companies. Phoenix Financial Ltd.'s disclosure of a 5.87% stake in ICL Group Ltd. positions it as a notable shareholder, though the disclaimers suggest a passive investment approach rather than an intent to influence control.

Stakeholder Impact

• Shareholders of ICL Group Ltd.: The disclosure confirms a significant institutional investor, which can influence market perception and potentially trading liquidity.
• Phoenix Financial Ltd. stakeholders: The investment represents a portion of their managed assets, with potential for returns based on ICL Group's performance.

Next Steps

• Phoenix Financial Ltd. will continue to monitor its investment in ICL Group Ltd.
• ICL Group Ltd. will continue its operations as usual, subject to shareholder oversight.

Key Dates

Keywords

ICL Group Ltd., Phoenix Financial Ltd., Schedule 13G, Beneficial Ownership, Ordinary Shares, SEC Filing, Shareholder, Investment, Israel