Vault-13

ERMENEGILDO ZEGNA N V ZGN

ORD SHS · Common Stock · CUSIP N30577105

65 institutional holders +7 vs Q1 2023
31,330,64631.3m shares reported held*
$397.2mreported value*
33 new 12 added 12 reduced 26 sold out net bought ≈ $46.8m (+3.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($71.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.68. Options: 2 managers hold calls ($40.6k notional), 1 hold puts ($0).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 52Q4 22: 53Q1 23: 58Q2 23: 6565Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202252
Q4 202253
Q1 202358
Q2 202365

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q4 22: 28 bought or addedQ4 22: 26 cut or sold outQ4 22Q1 23: 36 bought or addedQ1 23: 18 cut or sold outQ1 23Q2 23: 45 bought or addedQ2 23: 38 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222826
Q1 20233618
Q2 20234538

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5m$2mQ3 22 calls: $1.7mQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $1.7mQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $1.4kQ1 23 puts: $0Q1 23P/C 0.00Q2 23 calls: $40.6kQ2 23 puts: $0Q2 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2022$1.7m$00.00
Q4 2022$1.7m$00.00
Q1 2023$1.4k$00.00
Q2 2023$40.6k$00.00

Biggest buyers

Artisan Partners Limited Partnership New +2,589,629+2.6m
Invesco Ltd. Added +2,043,507+2.0m
PRICE T ROWE ASSOCIATES INC /MD/ Added +1,106,295+1.1m
Capital World Investors New +769,000+769.0k
MILLENNIUM MANAGEMENT LLC New +605,712+605.7k
Polar Asset Management Partners Inc. New +583,822+583.8k
CITADEL ADVISORS LLC Added +297,560+297.6k
FIL Ltd Added +253,327+253.3k
Honeycomb Asset Management LP Added +250,000+250.0k
MORGAN STANLEY Added +157,051+157.1k

Biggest sellers

BlackRock Inc. Reduced -2,790,654-2.8m
STATE STREET CORP Sold out -1,253,431-1.3m
GEODE CAPITAL MANAGEMENT, LLC Sold out -558,155-558.2k
NORTHERN TRUST CORP Sold out -377,757-377.8k
VANGUARD GROUP INC Sold out -271,772-271.8k
Bank of New York Mellon Corp Sold out -155,854-155.9k
Amundi Reduced -148,427-148.4k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Sold out -136,820-136.8k
GOLDMAN SACHS GROUP INC Reduced -136,430-136.4k
BANK OF AMERICA CORP /DE/ Reduced -107,334-107.3k

Biggest calls

CITADEL ADVISORS LLC Added $40.6k3.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. New $00 shares

Biggest puts

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Monterubello S.S. 13G · exempt (held before listing) filed 2025-02-14 60.5% 152.7m≈ $2.0bn 2025-02-14
Temasek Holdings (Private) Ltd 13D · may seek influence new · filed 2025-08-04
Stated purposeOpen Market Purchases From April 16, 2025 through June 27, 2025, two indirect wholly owned subsidiaries of Temasek purchased, in a series of open market transactions, an aggregate 12,699,981 Ordinary Shares for aggregate consideration of approximately $107.7 million. Share Purchase Agreement On July 28, 2025, Venezio Investments entered into a share purchase and investor rights agreement (the "Share Purchase Agreement") with the Issuer, pursuant to which Venezio Investments agreed to purchase from the Issuer 14,121,062 Ordinary Shares (the "Share Purchase") for aggregate consideration of $126,383,504.90. The Share Purchase consummated on July 29, 2025 (the "Closing"). The Share Purchase Agreement contains the following provisions: Lock-up. Venezio Investments agreed to not transfer, o… Full filing
10.0% new 26.8m≈ $347.7m 2025-08-04
Strategic Holding Group S.a r.l. 13G · exempt (held before listing) -2.6 pts · filed 2026-08-12 8.4% -2.6 pts 22.6m≈ $292.5m 2026-08-12

Insider purchases and sales in Q2 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio BALTIMORE, MD 13,353,99713.4m $169.3m $169.3m 0.02% Added +1.1m +1,106,295
2 Invesco Ltd. 0.03% of their portfolio ATLANTA, GA 7,756,6087.8m $98.4m $98.4m 0.03% Added +2.0m +2,043,507
3 Artisan Partners Limited Partnership 0.05% of their portfolio Milwaukee, WI 2,589,6292.6m $32.8m $32.8m 0.05% New
4 FIL Ltd 0.02% of their portfolio HAMILTON, D0 1,510,6231.5m $19.2m $19.2m 0.02% Added +253.3k +253,327
5 Capital World Investors 0.00% of their portfolio LOS ANGELES, CA 769,000769.0k $9.8m $9.8m 0.00% New
6 Honeycomb Asset Management LP 1.74% of their portfolio NEW YORK, NY 750,000750.0k $9.5m $9.5m 1.74% Added +250.0k +250,000
7 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 624,263624.3k $7.9m $7.9m 0.01% Added +297.6k +297,560
8 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 605,712605.7k $7.7m $7.7m 0.01% New
9 Polar Asset Management Partners Inc. 0.15% of their portfolio TORONTO, A6 583,822583.8k $7.4m $7.4m 0.15% New
10 BlackRock Inc. 0.00% of their portfolio New York, NY 302,398302.4k $3.8m $3.8m 0.00% Reduced -2.8m -2,790,654
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 288,770288.8k $3.7m $3.7m 0.00% Added +157.1k +157,051
12 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 250,000250.0k $3.1m $3.1m 0.00% Added +101.1k +101,140
13 Amundi 0.00% of their portfolio Paris, I0 201,246201.2k $2.5m $2.5m 0.00% Reduced -148.4k -148,427
14 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 165,612165.6k $2.1m $2.1m 0.01% Added +140.1k +140,112
15 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 136,823136.8k $1.7m $1.7m 0.00% Reduced -136.4k -136,430
16 TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio STAMFORD, CT 130,423130.4k $1.7m $1.7m 0.03% New
17 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 128,210128.2k $1.6m $1.6m 0.01% New
18 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 107,561107.6k $1.4m $1.4m 0.00% Added +92.4k +92,430
19 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 105,556105.6k $1.3m $1.3m 0.00% New
20 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 101,640101.6k $1.3m $1.3m 0.00% Added +69.6k +69,624
21 Ergoteles LLC 0.06% of their portfolio NEW YORK, NY 100,320100.3k $1.3m $1.3m 0.06% New
22 MIRABELLA FINANCIAL SERVICES LLP 0.12% of their portfolio London, X0 82,52182.5k $1.0m $1.0m 0.12% New
23 Laurion Capital Management LP 0.03% of their portfolio NEW YORK, NY 60,90860.9k $772.3k $772.3k 0.03% New
24 ADVISORY RESEARCH INC 0.09% of their portfolio CHICAGO, IL 58,04658.0k $736.0k $736.0k 0.09% New
25 GSA CAPITAL PARTNERS LLP 0.07% of their portfolio LONDON, X0 56,28156.3k $714.0k $714.0k 0.07% New
26 Jump Financial, LLC 0.02% of their portfolio Chicago, IL 50,07250.1k $634.9k $634.9k 0.02% New
27 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 47,52747.5k $602.6k $602.6k 0.01% New
28 Y-Intercept (Hong Kong) Ltd 0.06% of their portfolio HONG KONG, K3 42,94142.9k $544.5k $544.5k 0.06% New
29 BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 39,36739.4k $499.2k $499.2k 0.02% New
30 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 34,80034.8k $441.3k $441.3k 0.00% New
31 Symmetry Investments LP 0.11% of their portfolio ST HELIER, Y9 28,98529.0k $367.5k $367.5k 0.11% New
32 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 27,53527.5k $349.1k $349.1k 0.01% New
33 Bank Pictet & Cie (Europe) AG 0.01% of their portfolio FRANKFURT AM MAIN, 2M 22,80022.8k $289.1k $289.1k 0.01% Unchanged
34 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 20,90020.9k $265.2k $265.2k 0.00% Reduced -73 -73
35 Nebula Research & Development LLC 0.20% of their portfolio New York, NY 20,56620.6k $260.8k $260.8k 0.20% New
36 Next Capital Management LLC 0.11% of their portfolio NEW YORK, NY 18,27518.3k $231.7k $231.7k 0.11% Unchanged
37 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 17,66117.7k $223.9k $223.9k 0.00% Reduced -28.9k -28,908
38 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 17,50017.5k $221.9k $221.9k 0.00% New
39 State of Wyoming 0.06% of their portfolio CHEYENNE, WY 15,38915.4k $195.1k $195.1k 0.06% New
40 Mariner, LLC 0.00% of their portfolio Overland Park, KS 12,78412.8k $162.1k $162.1k 0.00% Reduced -4.2k -4,245
41 MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio NEW YORK, NY 12,33312.3k $156.4k $156.4k 0.00% Unchanged
42 Cubist Systematic Strategies, LLC 0.00% of their portfolio STAMFORD, CT 12,29912.3k $155.9k $155.9k 0.00% New
43 Dynamic Technology Lab Private Ltd 0.02% of their portfolio SINGAPORE, U0 12,03412.0k $153.0k $153.0k 0.02% New
44 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 11,45411.5k $145.2k $145.2k 0.00% New
45 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 11,42211.4k $144.8k $144.8k 0.00% New
46 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 11,02011.0k $139.0k $139.0k 0.00% Reduced -5.1k -5,085
47 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,0219.0k $115.0k $115.0k 0.00% Added +4.8k +4,772
48 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,0846.1k $77.1k $77.1k 0.00% Reduced -107.3k -107,334
49 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 5,6125.6k $71.2k $71.2k 0.00% New
50 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 3,1353.1k $39.8k $39.8k 0.00% Added +1.6k +1,650
51 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 1,7031.7k $23.0k $23.0k 0.00% Unchanged
52 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 889889 $11.3k $11.3k 0.00% Reduced -10.5k -10,459
53 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 419419 $5.3k $5.3k 0.00% Reduced -59.8k -59,751
54 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 405405 $5.0k $5.0k 0.00% New
55 FMR LLC 0.00% of their portfolio BOSTON, MA 381381 $4.8k $4.8k 0.00% Reduced -913 -913
56 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 318318 $4.0k $4.0k 0.00% New
57 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 271271 $3.4k $3.4k 0.00% Reduced -764 -764
58 Hillsdale Investment Management Inc. 0.00% of their portfolio Toronto, A6 250250 $3.2k $3.2k 0.00% New
59 CWM, LLC 0.00% of their portfolio OMAHA, NE 5353 $1.0k $1.0k 0.00% New
60 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 4242 $533 $533 0.00% Unchanged
61 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2222 $279 $279 0.00% New
62 Covestor Ltd 0.00% of their portfolio LONDON, X0 1818 $0 $0 0.00% Unchanged
63 Metropolitan Life Insurance Co/NY 0.00% of their portfolio New York, NY 11 $13 $13 0.00% New
64 DUPONT CAPITAL MANAGEMENT CORP 0.00% of their portfolio Wilmington, DE 11 $13 $13 0.00% Unchanged
65 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged