Divest Now! An up-to-date list of Elbit’s shareholders

By Tom Anderson

Please note – This article contains images of dead and injured people

Over the past weeks, Israel has been perpetrating its most deadly aerial assaults on Gaza since 2014. Elbit, Israel’s largest arms company, manufactures a lot of the equipment used in these attacks.

Elbit manufactures the vast majority of drones used in Gaza’s skies. On 28th July 2 people, including a 12 year old boy, were killed by an Israeli drone strike in Gaza City.

Thousands of people attended the funeral of this 12 year old child from Gaza who was killed by an Israeli drone attack. Photo by AFP

Elbit is also preparing to acquire Israeli Military Industries (IMI), which would make them the owner of the sole supplier of small-caliber ammunition to the Israeli army, and responsible for the ongoing massacre of protesters involved in the Great Return March movement against the siege of Gaza.

At the protest on Friday 27th July, Israeli forces killed 2 demonstrators, one adult and one child, and wounded 150 others. Israel has killed over 120 people while demonstrating in Gaza since the beginning of the movement on March 30 2018. The total number of people in Gaza killed by the occupation since March 30th is 162.

Palestinian demonstrators who have been injured at previous protests gather for a photo during the Great Return March. Photo via Great Return March

We are publishing this list of Elbit’s current shareholders (viewed during July 2018), as information for action for activists to use in divestment campaigns. They are displayed in order of the size of their investment.

The chart below shows that the vast majority of Elbit’s investors are companies from Israel and the US. However, there are several European investors. Deutsche Bank from Germany holds the sixth largest investment in Elbit, while Dekabank owns a much smaller number of direct shares in the company. Janus Henderson, a global asset management company headquartered in the City of London owns shares, as well as the Swiss National Bank and MW Group LP from the UK.

 

Shareholder Country Direct ownership % Total ownership %* Type of incorporation
Federmann Enterprises Ltd Israel 45.89 Corporate
FMR LLC via its funds US 3.17 Mutual and pension fund, nominee, trust, trustee
Psagot Mutual Funds Ltd Israel 1.30 Mutual and pension fund, nominee, trust, trustee
Vanguard Group Inc via its funds US 1.29 Corporate
Psagot Provident Funds and Pension Ltd Israel 1.24 Mutual and pension fund, nominee, trust, trustee
Deutsche Bank AG via its funds Germany 1.11 Bank
Gilder Gagnon Howe and Co via its funds US 0.83 Financial Company
Invesco ltd via its funds US 0.58 Bank
Psagot Exchange Traded Notes Ltd Israel 0.47 Corporate
Renaissance Technologies Holding Corp via its funds US 0.44 Corporate
Phoenix Holdings Ltd via its funds Israel 0.37 Insurance company
Affiliated Managers Group Inc via its funds US 0.28 Bank
Arrowstreet Capital Holding LLC via its funds US 0.25 Mutual and pension fund, nominee, trust, trustee
Clal Insurance Enterprises Holdings Ltd via its funds Israel 0.21 Insurance Company
Schweizerische National Bank via its funds Switzerland 0.20 Bank
Migdal Insurance and Financial Holdings Ltd via its funds Israel 0.19 Insurance Company
Meitav Dash Investments Ltd via its funds Israel 0.18 Financial Company
Aperio Group LLC via its funds US 0.16 Financial Company
The Bank of New York Mellon Corp via its funds US 0.13 Bank
Eaton Vance Corp via its funds US 0.12 Financial Company
Janus Henderson Group Plc via its funds Britain 0.12 Bank
MW Group LP via its funds Britain 0.12 Corporate
Schafer Cullen Capital Management Inc via its funds US 0.12 Mutual and pension fund, nominee, trust, trustee
Goldman Sachs Group Inc via its funds US 0.10 Bank
Dekabank Deutsche Girozentrale AG via its funds Germany 0.05 Bank

These figures were taken from Bureau Van Dyck’s Orbis Database, available at several public libraries, including the British Library.

*This is the language used in the Orbis database.

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