ERMENEGILDO ZEGNA N V ZGN
ORD SHS · Common Stock · CUSIP N30577105
- SectorConsumer discretionary
- IndustryApparel & Other Finishd Prods of Fabrics & Similar Matl
- FilingsSEC EDGAR
* 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 ($128.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.55. Options: 3 managers hold calls ($89.8k notional), 1 hold puts ($0).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 52 |
| Q4 2022 | 53 |
| Q1 2023 | 58 |
| Q2 2023 | 65 |
| Q3 2023 | 58 |
| Q4 2023 | 60 |
| Q1 2024 | 71 |
| Q2 2024 | 60 |
| Q3 2024 | 68 |
| Q4 2024 | 79 |
| Q1 2025 | 88 |
| Q2 2025 | 98 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 36 | 39 |
| Q4 2023 | 36 | 28 |
| Q1 2024 | 39 | 36 |
| Q2 2024 | 26 | 41 |
| Q3 2024 | 32 | 28 |
| Q4 2024 | 45 | 37 |
| Q1 2025 | 61 | 23 |
| Q2 2025 | 63 | 50 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $413.3k | $13.8k | 0.03 |
| Q4 2024 | $119.8k | $10.7k | 0.09 |
| Q1 2025 | $147.3k | $29.9k | 0.20 |
| Q2 2025 | $89.8k | $0 | 0.00 |
Biggest buyers
| Temasek Holdings (Private) Ltd | New | +12.7m |
| BlackRock, Inc. | Added | +3.1m |
| GEODE CAPITAL MANAGEMENT, LLC | New | +730.4k |
| STATE STREET CORP | New | +527.1k |
| Point72 Asset Management, L.P. | Added | +451.0k |
| VANGUARD GROUP INC | New | +434.9k |
| NORTHERN TRUST CORP | New | +353.7k |
| Portolan Capital Management, LLC | Added | +226.8k |
| SEI INVESTMENTS CO | Added | +215.5k |
| Trexquant Investment LP | New | +166.1k |
Biggest sellers
| PUBLIC INVESTMENT FUND | Sold out | -5.8m |
| Invesco Ltd. | Reduced | -3.9m |
| Balyasny Asset Management L.P. | Sold out | -712.8k |
| Alpine Investment Management Ltd | Reduced | -525.7k |
| Cubist Systematic Strategies, LLC | Sold out | -419.4k |
| MARSHALL WACE, LLP | Sold out | -386.6k |
| FIL Ltd | Reduced | -286.7k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -285.5k |
| ExodusPoint Capital Management, LP | Sold out | -251.4k |
| TUDOR INVESTMENT CORP ET AL | Sold out | -195.4k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $89.8k10.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
| SIMPLEX TRADING, LLC | Unchanged | $0100 shares |
Biggest puts
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
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.
| Holder | Stake |
|---|---|
| Monterubello S.S. 13G · exempt (held before listing) filed 2025-02-14 | 60.5% |
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% |
| Strategic Holding Group S.a r.l. 13G · exempt (held before listing) -2.6 pts · filed 2026-08-12 | 8.4% |
Insider purchases and sales in Q2 2025
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 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Temasek Holdings (Private) Ltd 0.42% of their portfolio | 12.7m $108.6m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 3.8m $32.7m | Added +67.1k |
| BlackRock, Inc. 0.00% of their portfolio | 3.1m $26.7m | Added +3.1m |
| Artisan Partners Limited Partnership 0.03% of their portfolio | 2.1m $17.9m | Reduced -96.0k |
| FIL Ltd 0.01% of their portfolio | 1.7m $14.3m | Reduced -286.7k |
| Portolan Capital Management, LLC 0.63% of their portfolio | 1.2m $10.1m | Added +226.8k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.1m $9.0m | Reduced -98.9k |
| Invesco Ltd. 0.00% of their portfolio | 982.4k $8.4m | Reduced -3.9m |
| Ceredex Value Advisors LLC 0.16% of their portfolio | 866.0k $7.4m | Reduced -87.7k |
| Alpine Investment Management Ltd 3.48% of their portfolio | 850.0k $7.3m | Reduced -525.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 730.4k $6.2m | New |
| OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.32% of their portfolio | 710.2k $6.1m | Added +36.7k |
| GAM Holding AG 0.43% of their portfolio | 707.3k $6.0m | Unchanged |
| Tabor Asset Management, LP 4.19% of their portfolio | 699.4k $6.0m | Reduced -1.1k |
| UBS Group AG 0.00% of their portfolio | 652.1k $5.6m | Added +85.6k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 599.8k $5.1m | Added +451.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 537.1k $4.6m | Added +138.6k |
| STATE STREET CORP 0.00% of their portfolio | 527.1k $4.5m | New |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 451.8k $3.9m | Reduced -164.4k |
| VANGUARD GROUP INC 0.00% of their portfolio | 434.9k $3.7m | New |
| QVIDTVM Management LLC 3.69% of their portfolio | 431.1k $3.7m | Added +11.0k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 400.6k $3.4m | Added +215.5k |
| MORGAN STANLEY 0.00% of their portfolio | 397.8k $3.4m | Reduced -97.7k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.05% of their portfolio | 360.0k $3.1m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 353.7k $3.0m | New |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 341.3k $2.9m | Reduced -285.5k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 220.0k $1.9m | Added +80.0k |
| RENAISSANCE GROUP LLC 0.07% of their portfolio | 200.6k $1.7m | Reduced -27.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 168.5k $1.4m | Added +34.0k |
| Trexquant Investment LP 0.02% of their portfolio | 166.1k $1.4m | New |
| CastleKnight Management LP 0.09% of their portfolio | 158.7k $1.4m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 154.6k $1.3m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 137.3k $1.2m | Added +19.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 136.3k $1.2m | Added +6.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 121.1k $1.0m | New |
| PDT Partners, LLC 0.06% of their portfolio | 117.8k $1.0m | Reduced -34.5k |
| BARCLAYS PLC 0.00% of their portfolio | 117.5k $1.0m | Added +108.7k |
| Nuveen, LLC 0.00% of their portfolio | 90.6k $774.8k | Reduced -111.8k |
| Verition Fund Management LLC 0.00% of their portfolio | 87.3k $746.4k | Reduced -58.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 80.3k $686.7k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 79.3k $677.8k | Reduced -66.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 62.9k $537.8k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 53.6k $458.3k | Added +6.4k |
| Corient Private Wealth LP 0.00% of their portfolio | 52.5k $448.9k | New |
| MOORE CAPITAL MANAGEMENT, LP 0.01% of their portfolio | 50.0k $427.5k | Unchanged |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 44.1k $376.7k | New |
| Dynamic Technology Lab Private Ltd 0.05% of their portfolio | 41.6k $356.0k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 39.0k $333.4k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 37.9k $324.5k | New |
| Engineers Gate Manager LP 0.00% of their portfolio | 35.8k $306.4k | Reduced -72.9k |
| Bank Julius Baer & Co. Ltd, Zurich 0.00% of their portfolio | 35.0k $299.2k | Unchanged |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 33.8k $289.4k | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 32.9k $281.4k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 31.9k $273.0k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 29.3k $250.5k | Added +29.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 26.2k $223.8k | Reduced -179.6k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.00% of their portfolio | 25.9k $221.0k | Reduced -500 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 23.6k $201.8k | Reduced -133.3k |
| Handelsbanken Fonder AB 0.00% of their portfolio | 23.2k $198.0k | Reduced -14.6k |
| SG Americas Securities, LLC 0.00% of their portfolio | 22.8k $195.0k | Reduced -10.9k |
| Vident Advisory, LLC 0.00% of their portfolio | 22.6k $192.9k | Reduced -12.0k |
| CITIGROUP INC 0.00% of their portfolio | 22.5k $192.3k | Added +20.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 22.1k $188.8k | New |
| Quadrature Capital Ltd 0.00% of their portfolio | 18.6k $159.3k | Added +5.6k |
| Next Capital Management LLC 0.06% of their portfolio | 18.3k $156.3k | Unchanged |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 17.7k $150.9k | New |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.02% of their portfolio | 16.8k $143.4k | New |
| Savant Capital, LLC 0.00% of their portfolio | 15.0k $127.9k | Added +4.0k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 13.5k $115.2k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 12.8k $109.1k | New |
| ProShare Advisors LLC 0.00% of their portfolio | 12.7k $108.3k | New |
| Spectrum Strategic Capital Management, LLC 0.06% of their portfolio | 11.1k $95.1k | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 10.8k $92.7k | Unchanged |
| Orion Porfolio Solutions, LLC 0.00% of their portfolio | 10.3k $87.7k | New |
| State of Wyoming 0.01% of their portfolio | 7.7k $65.7k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 7.1k $61.1k | Added +3.0k |
| Legal & General Group Plc 0.00% of their portfolio | 6.9k $58.6k | New |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 6.3k $54.0k | New |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 6.3k $53.9k | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 3.9k $33.0k | New |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 3.7k $31.6k | Added +74 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 2.9k $24.0k | Added +2.1k |
| AMALGAMATED BANK 0.00% of their portfolio | 2.1k $18.0k | New |
| Blue Trust, Inc. 0.00% of their portfolio | 1.5k $13.2k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.3k $10.8k | Added +864 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 932 $8.0k | Unchanged |
| Caitong International Asset Management Co., Ltd 0.01% of their portfolio | 932 $8.0k | Added +516 |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 914 $7.8k | New |
| Larson Financial Group LLC 0.00% of their portfolio | 709 $6.1k | New |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 493 $4.2k | Reduced -469 |
| Bare Financial Services, Inc 0.00% of their portfolio | 437 $3.7k | Added +360 |
| Sterling Capital Management LLC 0.00% of their portfolio | 149 $1.3k | New |
| WealthCollab, LLC 0.00% of their portfolio | 138 $1.2k | New |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 110 $940 | Added +16 |
| NewEdge Advisors, LLC 0.00% of their portfolio | 61 $522 | Unchanged |
| FMR LLC 0.00% of their portfolio | 43 $368 | New |
| DUPONT CAPITAL MANAGEMENT CORP 0.00% of their portfolio | 1 $9 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |