Phoenix Financial Ltd. filed a Schedule 13G with the SEC on November 2, 2026, disclosing beneficial ownership of approximately 5.02% of ICL Group Ltd.'s ordinary shares as of October 28, 2026.

Key Highlights

  • Aggregate beneficial ownership: Phoenix Financial Ltd. reported 64,808,308.76 ordinary shares beneficially owned in total.
  • Ownership percentage: The reported stake represents 5.02% of ICL Group Ltd.'s outstanding ordinary shares.
  • Shares outstanding basis: The percentage is based on 1,290,718,361 ordinary shares outstanding as of October 28, 2026, as reported on Bloomberg LP.
  • Largest single holding component: 45,712,384 ordinary shares (3.54%) were beneficially owned by Partnership for Israeli shares.
  • Voting and dispositive power: Phoenix Financial reported 0 shares with sole voting or sole dispositive power; all 64,808,308.76 shares carry shared voting and shared dispositive power.
  • Filer's place of organization: Phoenix Financial Ltd. is incorporated in Israel, with its principal office at Derech Hashalom 53, Givataim, 53454, Israel.

Phoenix Financial's Reported Holdings Across ICL Group Subsidiaries

According to the Schedule 13G filing, the securities reported by Phoenix Financial Ltd. are beneficially owned through various direct or indirect majority or wholly-owned subsidiaries (the "Subsidiaries"). The filing states that each of the Subsidiaries "operates under independent management and makes its own independent voting and investment decisions" and manages funds on behalf of holders of exchange-traded notes, insurance policyholders, pension and provident fund members, mutual fund unit holders, and portfolio management clients.

The filing itemizes the holdings as of October 28, 2026, across six categories. The Phoenix Investments House trust funds held 17,389,319.76 ordinary shares (1.35%). Partnership for Israeli shares held 45,712,384 ordinary shares (3.54%). Partnership for investing in shares indexes held 48,880 ordinary shares (0.00%). The Phoenix pension and provident funds held 284,619 ordinary shares (0.02%). Linked insurance policies of Phoenix held 513,106 ordinary shares (0.04%). The Phoenix "nostro" accounts held 860,000 ordinary shares (0.07%). The filing notes that ownership rights held by Phoenix Group companies in the partnerships "changes frequently according to a mechanism provided in the partnership agreement."

The filing further states that "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, and that each reporting person "disclaims the existence of any such group." The securities cover ICL Group Ltd. (NYSE:ICL) ordinary shares with par value NIS 1.00 per share, CUSIP M53213100. The statement was signed by Phoenix Financial's Deputy CEO - Chief Financial Officer Shay Zadok and Deputy CEO - Chief Investment Officer Haggai Schreiber on November 2, 2026.

What Was Disclosed

Phoenix Financial Ltd. disclosed in a Schedule 13G that it beneficially owns 64,808,308.76 ordinary shares of ICL Group Ltd., representing 5.02% of the company's outstanding shares as of October 28, 2026, held through multiple subsidiaries with shared voting and dispositive power.