Phoenix Financial Ltd., an Israeli entity, reports beneficial ownership of 97,964.06 Ordinary Shares of Ellomay Capital Ltd., representing 0.71% of the class, based on 13,783,230 Ordinary Shares outstanding as of August 2, 2026 (as reported on Bloomberg LP). The shares are Ellomay Ordinary Shares with par value NIS 10.00 per share.
As of July 31, 2026, these holdings were spread across Phoenix group subsidiaries, including 27,455.06 shares held by The Phoenix Investments House trust funds, 16,510 shares in Phoenix “nostro” accounts, 32,374 shares in a partnership for Israeli shares, and 21,625 shares in a partnership for investing in share indexes. Phoenix states that each subsidiary has independent management and makes its own voting and investment decisions, and it disclaims group status and beneficial ownership beyond actual pecuniary interest.
Positive
None.
Negative
None.
Key Figures
Beneficially owned shares:97,964.06 sharesOwnership percentage:0.71%Shares outstanding:13,783,230 shares+4 more
7 metrics
Beneficially owned shares97,964.06 sharesOrdinary Shares of Ellomay Capital Ltd. reported by Phoenix Financial Ltd.
Ownership percentage0.71%Portion of Ellomay Capital’s Ordinary Shares beneficially owned by Phoenix Financial Ltd.
Shares outstanding13,783,230 sharesEllomay Capital Ordinary Shares outstanding as of August 2, 2026, per Bloomberg LP
Trust funds holdings27,455.06 sharesHeld by The Phoenix Investments House - trust funds as of July 31, 2026
Nostro accounts holdings16,510 sharesHeld by The Phoenix “nostro” accounts as of July 31, 2026
Partnership for Israeli shares32,374 sharesHeld by Partnership for Israeli shares as of July 31, 2026
Partnership for share indexes21,625 sharesHeld by Partnership for investing in shares indexes as of July 31, 2026
Key Terms
beneficial ownership, pecuniary interest, nostro accounts, disclaims the existence of any such group, +1 more
5 terms
beneficial ownershipfinancial
"With regard to rows (6), (8), (9) and (11), the beneficial ownership of the securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interestfinancial
"disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest"
nostro accountsfinancial
"16,510 ordinary shares (representing 0.12% of the total ordinary shares outstanding) beneficially owned by The Phoenix "nostro" accounts"
disclaims the existence of any such groupregulatory
"each reporting person disclaims the existence of any such group"
ownership of 5 percent or less of a classregulatory
"Item 5. | Ownership of 5 Percent or Less of a Class. | Ownership of 5 percent or less of a class"
What percentage of Ellomay Capital Ltd. (ELLO) does Phoenix Financial Ltd. report owning?
Phoenix Financial Ltd. reports beneficial ownership of 0.71% of Ellomay Capital’s Ordinary Shares, based on 13,783,230 shares outstanding as of August 2, 2026, as referenced from Bloomberg LP.
How many Ellomay Capital (ELLO) shares does Phoenix Financial Ltd. beneficially own?
Phoenix Financial Ltd. reports beneficial ownership of 97,964.06 Ordinary Shares of Ellomay Capital Ltd. This stake is spread across several Phoenix group subsidiaries with different mandates and client bases.
How are Phoenix Financial Ltd.’s holdings in Ellomay Capital (ELLO) distributed among subsidiaries?
As of July 31, 2026, Phoenix entities held 27,455.06 shares in trust funds, 16,510 shares in “nostro” accounts, 32,374 shares in a partnership for Israeli shares, and 21,625 shares in a partnership for investing in share indexes.
Does Phoenix Financial Ltd. claim to act as a group regarding its Ellomay Capital (ELLO) holdings?
Phoenix explicitly disclaims that a group exists for Section 13(d) purposes and states that each subsidiary operates under independent management, making its own voting and investment decisions.
Does Phoenix Financial Ltd. claim full beneficial ownership of all reported ELLO shares?
Phoenix and its subsidiaries disclaim beneficial ownership of any Ellomay shares beyond their actual pecuniary interest, and state that the report should not be construed as an admission of beneficial ownership.
Is Phoenix Financial Ltd.’s ownership in Ellomay Capital (ELLO) above or below 5%?
Phoenix Financial Ltd. reports ownership of 5 percent or less of Ellomay Capital’s Ordinary Shares, with the specific reported stake at 0.71% of the class.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 10)
Ellomay Capital Ltd.
(Name of Issuer)
Ordinary Shares, par value NIS 10.00 per share
(Title of Class of Securities)
M39927120
(CUSIP Number)
07/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
M39927120
1
Names of Reporting Persons
Phoenix Financial Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ISRAEL
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
97,964.06
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
97,964.06
9
Aggregate Amount Beneficially Owned by Each Reporting Person
97,964.06
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.71 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: With regard to rows (6), (8), (9) and (11), the beneficial ownership of the securities reported herein is described in Item 4(a).
Row (11) is Based on 13,783,230 Ordinary Shares outstanding as of August 2, 2026 (as reported on Bloomberg LP).
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Ellomay Capital Ltd.
(b)
Address of issuer's principal executive offices:
18 Rothschild Boulevard, 1st floor, Tel Aviv, L3, 6688121
Item 2.
(a)
Name of person filing:
Phoenix Financial Ltd.
The securities reported herein are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of Phoenix Financial Ltd. (the "Subsidiaries"). The Subsidiaries manage 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.
(b)
Address or principal business office or, if none, residence:
The address of the Phoenix Financial Ltd. is Derech Hashalom 53, Givataim, 53454, Israel.
(c)
Citizenship:
Phoenix Financial Ltd. - Israel
(d)
Title of class of securities:
Ordinary Shares, par value NIS 10.00 per share
(e)
CUSIP No.:
M39927120
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See row 9 of cover page of each reporting person.
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.
As of July 31, 2026, the securities reported herein were held as follows:
27,455.06 ordinary shares (representing 0.2% of the total ordinary shares outstanding) beneficially owned by The Phoenix Investments House - trust funds.
16,510 ordinary shares (representing 0.12% of the total ordinary shares outstanding) beneficially owned by The Phoenix "nostro" accounts.
32,374 ordinary shares (representing 0.23% of the total ordinary shares outstanding) beneficially owned by Partnership for Israeli shares (1).
21,625 ordinary shares (representing 0.16% of the total ordinary shares outstanding) beneficially owned by Partnership for investing in shares indexes (1).
(1) All ownership rights in this partnership belong to companies that are part of Phoenix Group. The amount of ownership rights held by such companies in the partnership changes frequently according to a mechanism provided in the partnership agreement.
(b)
Percent of class:
See row 11 of cover page of each reporting person
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See row 5 of cover page of each reporting person
(ii) Shared power to vote or to direct the vote:
See row 6 of cover page of each reporting person and note in Item 4(a) above
(iii) Sole power to dispose or to direct the disposition of:
See row 7 of cover page of each reporting person
(iv) Shared power to dispose or to direct the disposition of:
See row 8 of cover page of each reporting person and note in Item 4(a) above
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Phoenix Financial Ltd.
Signature:
/s/ Eli Schwartz
Name/Title:
Eli Schwartz/CFO
Date:
08/05/2026
Signature:
/s/ Haggai Schreiber
Name/Title:
Haggai Schreiber/CIO
Date:
08/05/2026
Comments accompanying signature: Signature duly authorized by resolution of the Board of Directors, notice of which is attached as Exhibit 1 to this Schedule 13G.
Exhibit Information
Exhibit 1 - Notice of resolution of the Board of Directors of Phoenix Financial Ltd., dated as of December 12, 2019 (incorporated herein by reference to Exhibit 1 to the Schedule 13G filed on July 22, 2021).
