Phoenix Holdings Amends Matthews Intl. Stake (SC 13G/A)

TL;DR

**Phoenix Holdings updated its passive stake in Matthews International; no major red flags.**

AI Summary

Phoenix Holdings Ltd., an Israeli financial services company, has updated its ownership stake in Matthews International Corp. This Amendment No. 2 to their Schedule 13G filing, dated December 31, 2023, indicates a change in their beneficial ownership. While the specific number of shares is not detailed on the cover page, the filing confirms Phoenix Holdings' continued significant, though passive, interest in Matthews International. This matters to investors because large institutional holdings can influence stock stability and signal confidence in the company's long-term prospects.

Why It Matters

This filing shows that a major institutional investor, Phoenix Holdings Ltd., continues to hold a significant, passive stake in Matthews International Corp., which can provide a level of stability and investor confidence.

Risk Assessment

Risk Level: low — This is a routine update to an existing passive ownership filing, indicating no immediate high-risk actions or significant changes in control.

Analyst Insight

Investors should note that a significant institutional holder like Phoenix Holdings Ltd. is maintaining its position, suggesting continued confidence in Matthews International Corp. This filing doesn't indicate any immediate need for action but reinforces the existing institutional support.

Key Numbers

• 577128101 — CUSIP Number (identifies Matthews International Corp's Class A Common Stock)
• 0000063296 — Central Index Key (CIK) (identifies Matthews International Corp)
• 0001679543 — Central Index Key (CIK) (identifies Phoenix Holdings Ltd.)
• 2 — Amendment Number (indicates this is the second amendment to the original Schedule 13G filing)
• $1.00 — par value (par value per share of Matthews International Corp's Class A Common Stock)

Key Players & Entities

• Phoenix Holdings Ltd. (company) — the reporting person filing the SC 13G/A
• Matthews International Corp (company) — the subject company whose stock is being reported
• Israel (country) — place of organization for Phoenix Holdings Ltd.
• December 31, 2023 (date) — the date of the event requiring the filing
• Class A Common Stock (security_type) — the type of securities held by Phoenix Holdings Ltd.

Forward-Looking Statements

• Phoenix Holdings Ltd. will maintain a passive investment strategy in Matthews International Corp. for the foreseeable future. (Phoenix Holdings Ltd.) — high confidence, target: 2025-12-31

FAQ

Key Financial Figures

• $1.00 — ssuer) Class A Common Stock, par value $1.00 each (Title of Class of Securities)

Filing Documents

• zk2430931.htm (SC 13G/A) — 67KB
• 0001178913-24-000476.txt ( ) — 69KB

From the Filing

SC 13G/A 1 zk2430931.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 2)* Matthews International Corp (Name of Issuer) Class A Common Stock, par value $1.00 each (Title of Class of Securities) 577128101 (CUSIP Number) December 31 , 2023 (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) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 577128101 13G Page 2 of 8 Pages 1 NAME OF REPORTING PERSONS The Phoenix 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 --- 6 SHARED VOTING POWER 1,579,190 (*) 7 SOLE DISPOSITIVE POWER --- 8 SHARED DISPOSITIVE POWER 1,579,190 (*) 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,579,190 (*) 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.19% (*)(**) 12 TYPE OF REPORTING PERSON (See instructions) CO (*) The beneficial ownership of the securities reported herein is described in Item 4(a). (**) Based on 30,384,251 Ordinary Shares outstanding as of January 9, 2024 (as reported on Bloomberg LP). 2 Item 1. (a) Name of Issuer : Matthews International Corp (b) Address of Issuer's Principal Executive Offices : Two Northshore Center, Pittsburgh, PA, 15212-5851 Item 2. (a) Name of Person Filing : The Phoenix Holdings Ltd. The securities reported herein are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of the Phoenix Holdings 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 of Principal Business Office : The address of the Phoenix Holdings Ltd. is Derech Hashalom 53, Givataim, 53454, Israel. (c) Citizenship : The Phoenix Holdings Ltd. - Israel (d) Title of Class of Securities : Class A Common Stock, par value $1.00 each (e) CUSIP Number : 577128101 Item 3 . Not applicable. Item 4 . (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. 3 As of December 31, 2023, the securities reported herein were held as follows: Ordinary Shares Percentage of total Ordinary Shares outstanding The Phoenix Investments House - "nostro" accounts -- -- The Phoenix Investments House - trust funds -- -- The Phoenix Investments House - ETF's -- -- The Phoenix "nostro" accounts 43,697 0.14 % The Phoenix pension -- -- Linked insurance policies of Phoenix -- -- Partnership for Israeli shares (1) -- -- Partnership for investing in shares indexes (1) -- -- Partnership for international shares (1) 1,535,493 5.05 % Halman - Aldubi Provident and Pension Funds Ltd. -- -- (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

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