SCHEDULE: Phoenix Financial Ltd. Discloses 5.22% Passive Stake in TAT Technologies Ltd.
Beneficial Ownership Disclosure
Phoenix Financial Ltd. has disclosed a passive beneficial ownership of 5.22% of TAT Technologies Ltd.'s Ordinary Shares, totaling 668,888.67 shares, as of June 27, 2025.
Summary
- Phoenix Financial Ltd., an Israeli financial institution, has filed a Schedule 13G indicating beneficial ownership of 668,888.67 Ordinary Shares of TAT Technologies Ltd.
- This stake represents 5.22% of the total 12,807,656 Ordinary Shares outstanding as of June 29, 2025.
- The shares are held by various direct or indirect, majority or wholly-owned subsidiaries of Phoenix Financial Ltd., which manage their own funds and/or funds for clients including holders of exchange-traded notes, insurance policies, pension/provident funds, mutual funds, and portfolio management clients.
- The beneficial ownership is distributed among The Phoenix Investments House trust funds (271,770.67 shares or 2.12%), Partnership for Israeli shares (355,512 shares or 2.78%), and Partnership for investing in shares indexes (41,606 shares or 0.32%).
- Phoenix Financial Ltd. certifies that the securities were not acquired and are not held for the purpose of changing or influencing the control of TAT Technologies Ltd.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of a passive ownership stake, providing neutral information without explicit positive or negative performance indicators for the issuer.
Positives
- The disclosure of a 5.22% passive stake by Phoenix Financial Ltd., a notable Israeli financial institution, indicates institutional interest and potential confidence in TAT Technologies Ltd.
Negatives
- The filing explicitly states that the stake is passive and not intended to influence control, suggesting no immediate strategic shifts or active engagement from this significant shareholder.
Risks
- The reporting persons disclaim the existence of a 'group' for purposes of Section 13(d) of the Securities Exchange Act of 1934, which implies that the various subsidiaries holding the shares operate independently and may not coordinate their voting or investment decisions.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant passive stake by a major financial institution may be viewed positively, potentially signaling institutional confidence and liquidity in TAT Technologies Ltd.'s shares.
Key Dates
| Date | Description |
|---|---|
| 2019-12-12 | Date of Board of Directors resolution authorizing the signatures for Phoenix Financial Ltd. filings. |
| 2025-06-27 | Date of event which required the filing of this statement (beneficial ownership threshold reached). |
| 2025-06-29 | Date as of which the total Ordinary Shares outstanding (12,807,656) were reported by Bloomberg LP, used for percentage calculation. |
| 2025-07-07 | Date the Schedule 13G was signed and filed by Phoenix Financial Ltd. |
Keywords
TAT Technologies, Phoenix Financial, Schedule 13G, beneficial ownership, passive investment, ordinary shares, institutional investor, Israel
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