Migdal discloses 5.13% TAT Technologies (TATT) ownership stake
Rhea-AI Filing Summary
Migdal Insurance & Financial Holdings Ltd. filed a Schedule 13G reporting beneficial ownership of 678,353 Ordinary Shares of TAT Technologies Ltd, equal to 5.13% of the class. This percentage is based on 13,225,110 Ordinary Shares outstanding as of September 30, 2025.
The shares are held through various Migdal subsidiaries, including Migdal Sal Domestic Equities with 617,742 shares (4.67%) and Migdal Mutual Funds Ltd. with 60,611 shares (0.46%) as of January 20, 2026. Migdal states each subsidiary makes independent voting and investment decisions and disclaims being part of a group or owning more than its actual economic interest.
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FAQ
What ownership stake did Migdal report in TAT Technologies (TATT)?
Migdal Insurance & Financial Holdings Ltd. reported beneficial ownership of 678,353 Ordinary Shares of TAT Technologies, representing 5.13% of the outstanding class. This percentage is calculated using 13,225,110 Ordinary Shares outstanding as of September 30, 2025, as reported by the issuer.
Does Migdal claim to be part of a group regarding its TATT stake?
Migdal explicitly disclaims the existence of any group under Section 13(d) of the Securities Exchange Act. The filing states that neither Migdal nor its subsidiaries should be deemed to admit that a group exists for any purpose in connection with these securities.
Who ultimately benefits economically from Migdal’s TAT Technologies (TATT) holdings?
Migdal notes that the economic interest in the TAT Technologies shares is largely held for the benefit of insurance policy holders, portfolio account owners, and members of pension or provident funds, rather than solely for Migdal’s own account, reflecting its role as an institutional manager.
What voting and investment control does Migdal have over its TATT holdings?
The filing states each Migdal subsidiary operates under independent management and makes its own voting and investment decisions. Aggregate figures show zero sole voting or dispositive power and 678,353 shares of shared voting and dispositive power across the reporting entities.