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.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
TAT Technologies Ltd
(Name of Issuer)
Ordinary Shares, NIS 0.90 par value
(Title of Class of Securities)
M8740S227
(CUSIP Number)
12/31/2025
(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)
SCHEDULE 13G
CUSIP No.
M8740S227
1
Names of Reporting Persons
Migdal Insurance & Financial 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
678,353.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
678,353.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
678,353.00
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)
5.13 %
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 13,225,110 Ordinary Shares outstanding as of September 30, 2025 (as reported by the Issuer in its Report on Form 6-K filed with the Securities and Exchange Commission on November 12, 2025).
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
TAT Technologies Ltd
(b)
Address of issuer's principal executive offices:
5 Hamelacha Street, Netanya, Israel, 4250540
Item 2.
(a)
Name of person filing:
Migdal Insurance & Financial Holdings Ltd.
The securities reported herein are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of Migdal Insurance & Financial Holdings Ltd. (the "Subsidiaries"), such as Migdal Insurance Company Ltd., Migdal Sal Domestic Equities, Migdal Makefet Pension & Provident Funds Ltd., and Migdal Mutual Funds Ltd.. The Subsidiaries manage their own funds and/or the funds of others, including for holders of various insurance policies, members of pension or provident funds, unit holders of mutual funds, portfolio management clients and their nostro accounts. 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:
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. The economic interest or beneficial ownership in a portion of the securities covered by this Statement (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. 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 January 20, 2026, the securities reported herein were held as follows:
- 617,742 ordinary shares (representing 4.67% of the total ordinary shares outstanding) beneficially owned by Migdal Sal Domestic Equities;
- 60,611 ordinary shares (representing 0.46% of the total ordinary shares outstanding) beneficially owned by Migdal Mutual Funds Ltd..
(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.
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.
How are Migdal’s TAT Technologies (TATT) shares held across subsidiaries?
The TAT Technologies shares are held through Migdal subsidiaries. As of January 20, 2026, Migdal Sal Domestic Equities held 617,742 shares (4.67%), and Migdal Mutual Funds Ltd. held 60,611 shares (0.46%), with each subsidiary managing its own voting and investment decisions.
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.
What certification does Migdal give about its intent in holding TATT shares?
Migdal certifies the TAT Technologies securities were not acquired and are not held to change or influence control of the issuer. They also state the holdings are not in connection with any control-related transaction, other than activities tied to certain nomination rules.