The Phoenix stock faces scrutiny over Kushner's stake

Published on 10/31/2026 at 00:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Phoenix stock faces renewed scrutiny over its largest shareholder's political role. CNN linked Phoenix investments to Israeli defense suppliers.

Scrutiny over Phoenix ownership links

CNN reported that Jared Kushner's Affinity Partners remains Phoenix Financial's largest shareholder.
The report focused on Phoenix investments in Israeli companies supplying military-related equipment.
Phoenix said shareholder value is primarily derived from operating performance rather than investment returns.

The Phoenix stock, Phoenix Financial, Affinity Partners, Jared Kushner, Israeli financial sector, corporate governance, Illustration mit AI erstellt.

The Phoenix stock is facing renewed scrutiny after a CNN investigation examined the overlap between Jared Kushner's diplomatic role and his investment firm's holding in Phoenix Financial. The report was published on October 1, 2026, and focused on the investment structure rather than a new company announcement.

Affinity remains Phoenix's largest shareholder

CNN reported that Affinity Partners, owned by Kushner, retained a 7.4 percent stake in Phoenix worth more than 1 billion US dollars as of July. Affinity had sold roughly one-quarter of its holding in July for more than 340 million US dollars, while remaining Phoenix's largest shareholder.

The report said Affinity acquired its initial Phoenix stake in 2024 and increased it before Donald Trump returned to the White House. CNN found no indication that Kushner's diplomatic actions directly affected Phoenix's investment decisions. Kushner's attorney told CNN that he had never participated in or directed Phoenix's decisions on where to invest.

Portfolio links draw investor attention

CNN identified Phoenix investments worth more than 456 million US dollars across at least nine companies linked to Israel's military supply chain. The holdings included Elbit Systems, Next Vision, Reshef Technologies, Israel Shipyards and Ashot Ashkelon, as well as smaller positions in Boeing and Caterpillar.

Phoenix declined to address specific findings cited by CNN. A company spokesperson said the group is regulated and that shareholder value is derived primarily from operating performance rather than investment returns. The report also noted that the reviewed records covered only part of Phoenix's portfolio.

Insurance and investment platform

Phoenix Financial is an Israeli financial group based in the Tel Aviv area, with activities spanning insurance, pensions and asset management. CNN described it as one of Israel's largest financial groups. Its business combines financial protection and savings products with the management and investment of customer assets.