Phoenix Financial Ltd. Reports 5.02% Passive Stake in ICL Group Ltd.

Overview

On November 2, 2026, Phoenix Financial Ltd. filed an initial Schedule 13G with the SEC regarding its ownership in ICL Group Ltd. ($ICL). The event triggering the filing occurred on October 28, 2026, when Phoenix Financial’s aggregate beneficial ownership crossed the 5% regulatory reporting threshold to reach 5.02%.

Position Breakdown

• Total Beneficial Ownership: 64,808,308.76 Ordinary Shares
• Percentage of Class: 5.02% (based on 1,290,718,361 Ordinary Shares outstanding as of October 28, 2026)
• Voting & Dispositive Power:
  • Sole Voting / Dispositive Power: 0 shares
  • Shared Voting / Dispositive Power: 64,808,308.76 shares

Entity Structure & Ownership Details

The securities are held across various subsidiaries and client accounts managed by Phoenix Financial Ltd., including:

• Partnership for Israeli shares: 45,712,384 shares (~3.54%)
• The Phoenix Investments House (Trust Funds): 17,389,319.76 shares (~1.35%)
• The Phoenix "nostro" accounts: 860,000 shares (~0.07%)
• Linked insurance policies: 513,106 shares (~0.04%)
• Pension & provident funds: 284,619 shares (~0.02%)
• Partnership for investing in share indexes: 48,880 shares (<0.01%)

Market Significance

This filing represents a standard passive threshold crossing pursuant to Rule 13d-1(c). Under standard certification, the shares were not acquired and are not held for the purpose of changing or influencing the control of the issuer.