Menora Mivtachim Holdings Ltd. and its affiliates report beneficial ownership of Ellomay Capital Ltd. ordinary shares. Menora Holdings has shared voting and dispositive power over 961,373 shares, representing 6.97% of the class, based on 13,783,230 shares outstanding as of July 26, 2026. Menora Mivtachim Pensions and Gemel Ltd. separately reports beneficial ownership of 860,733.39 shares, or 6.24% of the class. The holdings are largely for the benefit of insurance policyholders, portfolio account owners, and members of provident and pension funds, and Menora and its subsidiaries disclaim beneficial ownership except to the extent of their pecuniary interest.
"the beneficial ownership of the securities reported herein is described in Item 4(a)"
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.
shared voting powerfinancial
"Shared Voting Power 961,373.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 961,373.00"
pecuniary interestfinancial
"disclaims beneficial ownership of any such securities except to the extent of its pecuniary interest therein"
Schedule 13G/Aregulatory
"This statement on shall not be construed as an admission by Menora Holdings"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in Ellomay Capital Ltd. (ELLO) does Menora Mivtachim Holdings report?
Menora Mivtachim Holdings Ltd. reports beneficial ownership of 961,373 Ellomay Capital ordinary shares, representing 6.97% of the outstanding shares, based on 13,783,230 shares outstanding as of July 26, 2026.
How much of Ellomay Capital (ELLO) is held by Menora Mivtachim Pensions and Gemel Ltd.?
Menora Mivtachim Pensions and Gemel Ltd. beneficially owns 860,733.39 Ellomay Capital ordinary shares, equal to 6.24% of the company’s outstanding ordinary shares as of July 22, 2026.
What is the total Ellomay Capital (ELLO) share count used in this Schedule 13G/A?
The reported ownership percentages are based on 13,783,230 Ellomay Capital ordinary shares outstanding as of July 26, 2026, as referenced in the filing’s cover page for each reporting person.
Who ultimately benefits from Menora’s Ellomay Capital (ELLO) holdings?
The filing states that economic interests in the Ellomay Capital shares are held for insurance policy holders, portfolio account owners, and members of provident and pension funds, with Menora and subsidiaries disclosing only their pecuniary interest.
Do Menora Mivtachim entities claim full beneficial ownership of their ELLO shares?
No. Menora Mivtachim Holdings Ltd. and its subsidiaries expressly disclaim beneficial ownership of the Ellomay Capital securities except to the extent of their pecuniary interest in those shares.
What voting and dispositive powers do Menora entities have over Ellomay Capital (ELLO) shares?
The Menora entities report no sole voting or dispositive power but shared voting and dispositive power over the Ellomay Capital shares listed, as detailed in rows 6 and 8 of each cover page.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Ellomay Capital Ltd.
(Name of Issuer)
Ordinary Shares, par value NIS 10.00 per share
(Title of Class of Securities)
M39927120
(CUSIP Number)
07/22/2026
(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
MENORA MIVTACHIM HOLDINGS 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
961,373.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
961,373.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
961,373.00
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)
6.97 %
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 July 26, 2026 (as reported on Bloomberg LP).
SCHEDULE 13G
CUSIP Number(s):
M39927120
1
Names of Reporting Persons
Menora Mivtachim Pensions & Gemel 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
860,733.39
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
860,733.39
9
Aggregate Amount Beneficially Owned by Each Reporting Person
860,733.39
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)
6.24 %
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 July 26, 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, Israel, 6688121
Item 2.
(a)
Name of person filing:
Menora Mivtachim Holdings Ltd.
Menora Mivtachim Pensions and Gemel Ltd.
(b)
Address or principal business office or, if none, residence:
Menora Mivtachim Holdings Ltd. - Menora House, 23 Jabotinsky St., Ramat Gan 5251102, Israel
Menora Mivtachim Pensions and Gemel Ltd. - Menora House, 23 Jabotinsky St., Ramat Gan 5251102, Israel
(c)
Citizenship:
Menora Mivtachim Holdings Ltd. - Israel
Menora Mivtachim Pensions and Gemel 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.
As of July 22, 2026, the securities reported herein were held as follows:
860,733.39 ordinary shares (representing 6.24% of the total ordinary shares outstanding) beneficially owned by Menora Mivtachim Pensions and Gemel Ltd.;
94,548.64 ordinary shares (representing 0.68% of the total ordinary shares outstanding) beneficially owned by Menora Mivtachim Insurance Ltd.;
6,090.98 ordinary shares (representing 0.04% of the total ordinary shares outstanding) beneficially owned by Menora Mivtachim Vehistadrut Hamehandesim Nihul Kupot Gemel Ltd.;
The securities reported herein are beneficially owned by Menora Mivtachim Holdings Ltd. ("Menora Holdings") and by entities that are direct or indirect, wholly-owned or majority-owned, subsidiaries of Menora Holdings (the "Subsidiaries"), such as Menora Mivtachim Insurance Ltd., Shomera Insurance Company Ltd., Menora Mivtachim Pensions and Gemel Ltd., Menora Mivtachim Vehistadrut Hamehandesim Nihul Kupot Gemel Ltd., and Menora Mivtachim Investment Portfolio Management Ltd. The economic interest or beneficial ownership in a portion of the securities covered by this report (including the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities) is held for the benefit of insurance policy holders, the owners of portfolio accounts, or the members of the provident funds or pension funds, as the case may be. This statement on Schedule 13G shall not be construed as an admission by Menora Holdings or by any of the Subsidiaries that it is the beneficial owner of any of such securities covered by this statement on Schedule 13G, and each of Menora Holdings and the Subsidiaries disclaims beneficial ownership of any such securities except to the extent of its pecuniary interest therein.
(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.
Not Applicable
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.
MENORA MIVTACHIM HOLDINGS LTD.
Signature:
/s/ Lior Yochpaz
Name/Title:
Lior Yochpaz / Authorized Signatory
Date:
07/27/2026
Signature:
/s/ Omri Gal
Name/Title:
Omri Gal / VP Finance and Accounting
Date:
07/27/2026
Menora Mivtachim Pensions & Gemel Ltd.
Signature:
/s/ Lior Yochpaz
Name/Title:
Lior Yochpaz / Authorized Signatory
Date:
07/27/2026
Signature:
/s/ Omri Gal
Name/Title:
Omri Gal / VP Finance and Accounting
Date:
07/27/2026
Exhibit Information
Exhibit 1 - Joint Filing Agreement by and among the Reporting Persons, dated as of July 28, 2025 (incorporated herein by reference to Exhibit 1 to the Schedule 13G filed on August 4, 2025).
