Israeli fund’s Kamada (NASDAQ: KMDA) holding tops 2.6M shares

Rhea-AI Filing Summary

KAMADA LTD (KMDA) is the subject of an amended Schedule 13G filing reporting the holdings of Phoenix Financial Ltd. and its subsidiaries. Phoenix Financial reports beneficial ownership of 2,652,234.66 Ordinary Shares, representing 4.6% of Kamada’s Ordinary Shares, with shared voting and dispositive power over the same amount and no sole power.

The percentage is based on 57,681,420 Ordinary Shares outstanding as of August 16, 2026. The filing explains that various majority- or wholly-owned subsidiaries of Phoenix Financial manage these positions independently, and each disclaims beneficial ownership beyond its actual pecuniary interest. As of August 13, 2026, the holdings are spread across several Phoenix-related vehicles, and overall ownership is reported as 5 percent or less of the class.

Key Figures

Beneficially owned shares: 2,652,234.66 Ordinary Shares Percent of class owned: 4.6% Shares outstanding: 57,681,420 Ordinary Shares +3 more

6 metrics

Beneficially owned shares 2,652,234.66 Ordinary Shares Total shares over which Phoenix Financial Ltd. has shared voting and dispositive power

Percent of class owned 4.6% Phoenix Financial Ltd.’s reported beneficial ownership percentage of KAMADA LTD Ordinary Shares

Shares outstanding 57,681,420 Ordinary Shares KAMADA LTD shares outstanding as of August 16, 2026, used to calculate ownership percentage

Trust funds holding 128,669.54 Ordinary Shares (0.22%) Shares beneficially owned by The Phoenix Investments House - trust funds as of August 13, 2026

Partnership for Israeli shares holding 2,420,788 Ordinary Shares (4.2%) Shares beneficially owned by Partnership for Israeli shares as of August 13, 2026

Shares in shares indexes partnership 102,777.12 Ordinary Shares (0.18%) Shares beneficially owned by Partnership for investing in shares indexes as of August 13, 2026

Key Terms

beneficial ownership, shared voting power, shared dispositive power, pecuniary interest, +1 more

5 terms

beneficial ownership financial

"In addition, each of the Filing Persons and Subsidiaries disclaims any beneficial ownership"

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 power financial

"Shared Voting Power 2,652,234.66"

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 power financial

"Shared Dispositive Power 2,652,234.66"

pecuniary interest financial

"disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest"

Schedule 13G regulatory

"for purposes of Section 13(d) of the Securities Exchange Act of 1934"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

What percentage of KAMADA LTD (KMDA) does Phoenix Financial Ltd. report owning?

Phoenix Financial Ltd. reports beneficial ownership of 4.6% of KAMADA LTD’s Ordinary Shares. This is based on 2,652,234.66 shares out of 57,681,420 shares outstanding as of August 16, 2026, with shared voting and dispositive power.

How many KMDA shares does Phoenix Financial Ltd. report as beneficially owned?

Phoenix Financial Ltd. reports beneficial ownership of 2,652,234.66 Ordinary Shares of KAMADA LTD. All of these shares are held with shared voting and dispositive power through various subsidiaries managing client and proprietary funds.

What is the total number of KAMADA LTD (KMDA) shares outstanding used in this 13G/A?

The reported ownership percentage is calculated using 57,681,420 Ordinary Shares outstanding for KAMADA LTD. This outstanding share figure is stated as of August 16, 2026 and is cited as reported on Bloomberg LP.

How are Phoenix Financial Ltd.’s KMDA holdings distributed among its subsidiaries?

As of August 13, 2026, the holdings include 128,669.54 shares (0.22%) via The Phoenix Investments House trust funds, 2,420,788 shares (4.2%) via Partnership for Israeli shares, and 102,777.12 shares (0.18%) via Partnership for investing in shares indexes.

Does Phoenix Financial Ltd. claim a controlling stake in KAMADA LTD (KMDA)?

No. Phoenix Financial Ltd. reports ownership of 5 percent or less of KAMADA LTD’s Ordinary Shares. The filing also disclaims the existence of any group and disclaims beneficial ownership beyond each entity’s actual pecuniary interest.

Where is Phoenix Financial Ltd., the KMDA reporting holder, organized and located?

Phoenix Financial Ltd. is organized in Israel. Its principal business office address is given as Derech Hashalom 53, Givataim, Israel, and it reports Israeli citizenship in connection with its holdings of KAMADA LTD.

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Available on EDGAR 08/20/2026 - 11:17 AM Accepted by SEC EDGAR 08/20/2026 - 11:17 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 19)

KAMADA LTD

(Name of Issuer)

Ordinary Shares, par value NIS 1.00 each

(Title of Class of Securities)

M6240T109

(CUSIP Number)

08/13/2026

(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): M6240T109

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 2,652,234.66
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,652,234.66

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,652,234.66

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)

4.6 %

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 57,681,420 Ordinary Shares outstanding as of August 16, 2026 (as reported on Bloomberg LP).

SCHEDULE 13G

Item 1.
(a)	Name of issuer: KAMADA LTD
(b)	Address of issuer's principal executive offices: 2 Holtzman St., Science Park, P.O. Box 4081, Rehovot, Israel, 7670402.
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 1.00 each
(e)	CUSIP No.: M6240T109
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 August 13, 2026, the securities reported herein were held as follows: 128,669.54 ordinary shares (representing 0.22% of the total ordinary shares outstanding) beneficially owned by The Phoenix Investments House - trust funds. 2,420,788 ordinary shares (representing 4.2% of the total ordinary shares outstanding) beneficially owned by Partnership for Israeli shares (1). 102,777.12 ordinary shares (representing 0.18% 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:	Vice President - Chief Financial Officer
Date:	08/20/2026

Signature:	/s/ Haggai Schreiber
Name/Title:	Executive Vice President - Chief Investment Officer
Date:	08/20/2026

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 February 7, 2022).