Clal Insurance discloses 7.8% stake in Kenon Holdings (KEN) — 4.04M shares

Rhea-AI Filing Summary

Clal Insurance Enterprises Holdings Ltd. filed an amended Schedule 13G reporting beneficial ownership of 4,039,736 Ordinary Shares of Kenon Holdings Ltd. The filing states this equals 7.8% of the class, calculated using 52,108,397 Ordinary Shares outstanding as of March 31, 2026.

The filer explains 28,553 shares are held for its own account (the "Nostro Shares") and 4,011,183 shares are held by third‑party accounts managed by Clal subsidiaries that exercise independent voting and investment authority. Signatures attest to the amendment.

Insights

Institutional Ownership Analyst

Clal discloses a 7.8% passive holding in Kenon (4,039,736 shares).

The filing breaks the 4,039,736 shares into 28,553 Nostro Shares held directly and 4,011,183 shares held for third‑party accounts managed by Clal subsidiaries.

Timing and voting control are clarified: subsidiaries reportedly exercise independent voting and investment decisions; the amendment is a disclosure update rather than a change in control.

Key Figures

Beneficial ownership: 4,039,736 shares Percent of class: 7.8% Nostro Shares (direct): 28,553 shares +2 more

5 metrics

Beneficial ownership 4,039,736 shares reported on Schedule 13G/A

Percent of class 7.8% based on 52,108,397 shares outstanding as of March 31, 2026

Nostro Shares (direct) 28,553 shares held for Clal's own account

Third‑party managed shares 4,011,183 shares held for public clients by Clal subsidiaries

Shares outstanding used 52,108,397 shares as of March 31, 2026

Key Terms

Nostro Shares, beneficially owned, shared dispositive power

3 terms

Nostro Shares financial

"Of the 4,039,736... 28,553 Ordinary Shares are beneficially held for its own account (the "Nostro Shares")"

beneficially owned regulatory

"Amount beneficially owned: Of the 4,039,736 Ordinary Shares reported in this Statement as beneficially owned by the Reporting Person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared dispositive power regulatory

"Shared Dispositive Power 4,039,736.00"

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Accepted by SEC EDGAR 05/12/2026 - 07:05 AM Learn about SEC filing dates

FAQ

What stake in Kenon Holdings (KEN) does Clal report?

Clal reports beneficial ownership of 4,039,736 Ordinary Shares, equal to 7.8% of the class based on 52,108,397 shares outstanding as of March 31, 2026. The amount is disclosed in the amended Schedule 13G.

How much of Clal's position is held for its own account?

Clal states 28,553 shares are held for its own account (the "Nostro Shares"). The remainder, 4,011,183 shares, are held for public clients through subsidiaries that reportedly exercise independent voting and investment decisions.

Does Clal claim voting or dispositive power over all reported shares?

The filing shows 0 sole voting power and 4,039,736 shared voting power, and similarly 0 sole dispositive power with 4,039,736 shared dispositive power. The subsidiaries' independent authority is emphasized in Item 4.

What outstanding share count does the filing use to calculate percentage?

The percentage is based on 52,108,397 Ordinary Shares issued and outstanding as of March 31, 2026, as cited on the cover page and referenced Exhibit 99.1 to a Form 6‑K filed April 23, 2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Kenon Holdings Ltd.

(Name of Issuer)

Ordinary Shares, no par value

(Title of Class of Securities)

Y46717107

(CUSIP Number)

03/31/2026

(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): Y46717107

1

Names of Reporting Persons

Clal Insurance Enterprises 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 4,039,736.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,039,736.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,039,736.00

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)

7.8 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: With regard to Rows (6), (8) and (9), please see Item 4. Row (11) is based on 52,108,397 Ordinary Shares issued and outstanding as of March 31, 2026 (as reported by the Issuer in Exhibit 99.1 to its Report on Form 6-K filed with the Securities and Exchange Commission on April 23, 2026).

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Kenon Holdings Ltd.
(b)	Address of issuer's principal executive offices: 1 Temasek Avenue #37-02B, Millenia Tower, Singapore, Singapore, 0391925
Item 2.
(a)	Name of person filing: Clal Insurance Enterprises Holdings Ltd. ("Clal")
(b)	Address or principal business office or, if none, residence: 36 Raul Walenberg St., Tel Aviv 66180, Israel
(c)	Citizenship: Israel
(d)	Title of class of securities: Ordinary Shares, no par value
(e)	CUSIP No.: Y46717107
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: Of the 4,039,736 Ordinary Shares reported in this Statement as beneficially owned by the Reporting Person, (i) 28,553 Ordinary Shares are beneficially held for its own account (the "Nostro Shares"); and (ii) 4,011,183 Ordinary Shares are held for members of the public through, among others, provident funds and/or pension funds and/or insurance policies, which are managed by subsidiaries of Clal, which subsidiaries operate under independent management and make independent voting and investment decisions. Consequently, this Statement shall not be construed as an admission by Clal, that it is the beneficial owner of more than the Nostro Shares.
(b)	Percent of class: See Row (11) of the cover page of the Reporting Person above.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote:
	(ii) Shared power to vote or to direct the vote: See Row (6) of the cover page of the Reporting Person above and note in Item 4 above.
	(iii) Sole power to dispose or to direct the disposition of:
	(iv) Shared power to dispose or to direct the disposition of: See Row (8) of the cover page of the Reporting Person above and note in Item 4 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.

Clal Insurance Enterprises Holdings Ltd

Signature:	/s/ Eran Czerninski
Name/Title:	Eran Czerninski/Authorized Signatory
Date:	05/11/2026

Signature:	/s/ Barak Benski
Name/Title:	Barak Benski/Authorized Signatory
Date:	05/11/2026