Meitav Provident Discloses 7.77% Holding in TAT Technologies (TATT)
Rhea-AI Filing Summary
TAT Technologies Ltd filings show that subsidiaries of Meitav Investment House Ltd reported beneficial holdings in the issuer's ordinary shares as of September 4, 2025. The filing discloses that Meitav Investment House Ltd (through its subsidiaries) beneficially owns 1,310,650 ordinary shares, representing 10.16% of the 12,898,582 shares outstanding reported on Bloomberg. Specifically, Meitav Provident Funds & Pension Ltd holds 1,002,049 shares (7.77%), Meitav Portfolio Management Ltd holds 218,384 shares (1.69%), and Meitav Tachlit Mutual Funds Ltd holds 90,217 shares (0.70%). The reporting persons state these subsidiaries manage funds and make independent voting and investment decisions and disclaim formation of a group or beneficial ownership beyond pecuniary interest.
Positive
- Meitav Investment House Ltd and subsidiaries reported aggregate beneficial ownership of 1,310,650 shares, representing 10.16% of outstanding shares.
- Meitav Provident Funds & Pension Ltd disclosed a 7.77% stake (1,002,049 shares), crossing the 5% reporting threshold that notifies investors of concentrated holdings.
- Filing clarifies independent management of subsidiaries and that reported holdings are largely portfolio/client assets, which may limit immediate control implications.
Negative
- None.
Insights
TL;DR: Meitav-related entities collectively report a >10% stake, a material disclosure but no change-of-control intent is claimed.
The filing identifies aggregate beneficial ownership of 1,310,650 shares (10.16%) by Meitav Investment House Ltd and its subsidiaries based on 12,898,582 shares outstanding. The largest single holder disclosed is Meitav Provident Funds & Pension Ltd with 1,002,049 shares (7.77%). The statement emphasizes independent management of subsidiaries and disclaims group formation or control intent, which suggests this is a portfolio/asset-management position rather than an activist or control-seeking stake. For investors, the disclosure is material because crossing the 5% threshold triggers additional reporting and may influence free-float and stakeholder composition.
TL;DR: Disclosure shows material ownership but explicitly disclaims coordinated control; governance implications appear limited.
The Schedule 13G/A reports substantive holdings by affiliated entities but repeatedly states that each subsidiary makes independent voting and investment decisions and disclaims being part of a group or having beneficial ownership beyond pecuniary interest. From a governance perspective, the filing informs stakeholders of concentrated ownership pockets while asserting no intent to influence corporate control. The lack of affirmative statements about coordinated action reduces immediate governance concerns, though monitoring of future filings is warranted if positions change.