Harel Insurance Reports 6.3% Passive Stake in Tower Semiconductor
TOWER SEMICONDUCTOR LTD
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Filing Summary
# Schedule 13G/A Filing: Tower Semiconductor Ltd (TSEM)
**Reporting Entity:** Harel Insurance Investments & Financial Services Ltd.
**Ownership:** 7,164,672 Ordinary Shares (6.3%)
**Event Date:** September 30, 2026
**Filing Date:** November 02, 2026
**Filing Rule:** Rule 13d-1(c) (Passive Investor)
Comprehensive Analysis
Overview of Filing
On November 2, 2026, Harel Insurance Investments & Financial Services Ltd. filed Amendment No. 1 to Schedule 13G regarding its holdings in Tower Semiconductor Ltd. (NASDAQ: TSEM). The filing reflects ownership as of September 30, 2026.
Position and Ownership Details
- Total Beneficial Ownership: 7,164,672 Ordinary Shares
- Ownership Percentage: 6.3% (calculated against 113,517,666 ordinary shares outstanding as of September 30, 2026)
- Voting & Dispositive Power:
- Sole Voting Power: 0
- Shared Voting Power: 7,106,552
- Sole Dispositive Power: 0
- Shared Dispositive Power: 7,164,672
Breakdown of Beneficial Ownership
According to Item 4 of the filing:
- 6,944,038 shares are held for members of the public through provident funds, mutual funds, pension funds, insurance policies, and ETFs managed by Harel subsidiaries operating under independent management.
- 58,120 shares are held in third-party client accounts managed by a subsidiary with investment discretion but no voting authority.
- 162,514 shares are held directly for Harel's own account.
Market Impact & Significance
This filing represents a standard Schedule 13G/A passive institutional disclosure filed pursuant to Rule 13d-1(c). It denotes routine institutional asset management activities without intent to influence or control the issuer, resulting in Low trading significance for the stock.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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