Vault-13

FERRARI N V RACE

COM · Common Stock · CUSIP N3167Y103

Dutch holding company that controls Ferrari

475 institutional holders +34 vs Q4 2022
61,263,02161.3m shares reported held*
$16.5bnreported value*
74 new 142 added 153 reduced 39 sold out net bought ≈ $881.7m (+3.4m 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 ($6.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $269.40. Options: 23 managers hold calls ($350.6m notional), 18 hold puts ($257.2m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 404Q4 22: 441Q1 23: 475475Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022404
Q4 2022441
Q1 2023475

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 192 bought or addedQ4 22: 186 cut or sold outQ4 22Q1 23: 216 bought or addedQ1 23: 192 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022192186
Q1 2023216192

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ3 22 calls: $202.7mQ3 22 puts: $284.0mQ3 22P/C 1.40Q4 22 calls: $153.9mQ4 22 puts: $242.5mQ4 22P/C 1.58Q1 23 calls: $350.6mQ1 23 puts: $257.2mQ1 23P/C 0.73
Numbers
QuarterCallsPutsP/C
Q3 2022$202.7m$284.0m1.40
Q4 2022$153.9m$242.5m1.58
Q1 2023$350.6m$257.2m0.73

Biggest buyers

FMR LLC Added +2,323,405+2.3m
ALLIANCEBERNSTEIN L.P. Added +1,154,242+1.2m
Bank of New York Mellon Corp Added +988,830+988.8k
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC New +749,761+749.8k
GOLDMAN SACHS GROUP INC Added +564,891+564.9k
BANK OF AMERICA CORP /DE/ Added +547,356+547.4k
JPMORGAN CHASE & CO Added +464,782+464.8k
LORD, ABBETT & CO. LLC New +357,440+357.4k
CIBC Private Wealth Group LLC Added +225,010+225.0k
1832 Asset Management L.P. Added +145,958+146.0k

Biggest sellers

PRICE T ROWE ASSOCIATES INC /MD/ Reduced -1,240,575-1.2m
Palestra Capital Management LLC Sold out -506,828-506.8k
Darsana Capital Partners LP Reduced -500,000-500.0k
D1 Capital Partners L.P. Sold out -416,523-416.5k
WELLINGTON MANAGEMENT GROUP LLP Reduced -347,200-347.2k
BAILLIE GIFFORD & CO Reduced -283,149-283.1k
Amundi Reduced -277,578-277.6k
DEUTSCHE BANK AG\ Reduced -193,129-193.1k
Junto Capital Management LP Sold out -180,041-180.0k
Capital Research Global Investors Reduced -154,564-154.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $54.5m201.0k shares
CITADEL ADVISORS LLC Added $44.8m165.3k shares
UBS Group AG Added $37.8m139.5k shares
NOMURA HOLDINGS INC New $36.4m134.5k shares
Capula Management Ltd Not comparable $36.4m134.5k shares
PEAK6 Investments LLC Added $34.0m125.5k shares
CITIGROUP INC New $27.1m100.0k shares
Optiver Holding B.V. Reduced $24.5m90.6k shares
SIMPLEX TRADING, LLC Added $14.9m54.9k shares
GOLDMAN SACHS GROUP INC Unchanged $12.2m45.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $42.9m158.4k shares
Optiver Holding B.V. Reduced $42.2m155.8k shares
UBS Group AG Added $41.9m154.5k shares
CITADEL ADVISORS LLC Reduced $31.1m114.7k shares
Monaco Asset Management SAM New $20.3m75.0k shares
PEAK6 Investments LLC Added $16.7m61.6k shares
Centiva Capital, LP New $13.5m50.0k shares
GOLDMAN SACHS GROUP INC Unchanged $12.2m45.0k shares
SIMPLEX TRADING, LLC Reduced $8.8m32.3k shares
MILLENNIUM MANAGEMENT LLC New $8.4m31.1k 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.

HolderStakeChangeShares Last filed
Exor N.V. 13D · may seek influence -10.5 pts · filed 2026-01-06
Stated purposeItem 4 is hereby amended and supplemented to include the following: The information set forth in Item 6 hereof is hereby incorporated by reference into this Item 4. Full filing
21.3% -10.5 pts 37.8m≈ $14.1bn 2026-01-06

Insider purchases and sales in Q1 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 Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAILLIE GIFFORD & CO 1.80% of their portfolio EDINBURGH, X0 7,358,7007.4m $2.0bn $2.0bn 1.80% Reduced -283.1k -283,149
2 PRICE T ROWE ASSOCIATES INC /MD/ 0.28% of their portfolio BALTIMORE, MD 6,896,9466.9m $1.9bn $1.9bn 0.28% Reduced -1.2m -1,240,575
3 FMR LLC 0.06% of their portfolio BOSTON, MA 4,671,3884.7m $1.3bn $1.3bn 0.06% Added +2.3m +2,323,405
4 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 4,374,4554.4m $1.2bn $1.2bn 0.03% Added +30.1k +30,112
5 Bank of Italy 20.54% of their portfolio ROME, L6 2,274,2662.3m $616.6m $616.6m 20.54% Unchanged
6 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 1,862,1351.9m $504.5m $504.5m 0.05% Reduced -9.0k -8,998
7 WCM INVESTMENT MANAGEMENT, LLC 1.55% of their portfolio LAGUNA BEACH, CA 1,785,5861.8m $483.8m $483.8m 1.55% Reduced -55.7k -55,696
8 Amundi 0.26% of their portfolio Paris, I0 1,767,3481.8m $478.2m $478.2m 0.26% Reduced -277.6k -277,578
9 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 1,728,3351.7m $468.3m $468.3m 0.06% Added +464.8k +464,782
10 NORGES BANK 0.10% of their portfolio OSLO, Q8 1,679,4391.7m $454.1m $454.1m 0.10% Added +25.2k +25,165
11 Bank of New York Mellon Corp 0.09% of their portfolio NEW YORK, NY 1,548,2011.5m $419.5m $419.5m 0.09% Added +988.8k +988,830
12 Capital Research Global Investors 0.11% of their portfolio Los Angeles, CA 1,430,6951.4m $387.5m $387.5m 0.11% Reduced -154.6k -154,564
13 BlackRock Inc. 0.01% of their portfolio New York, NY 1,385,6051.4m $375.4m $375.4m 0.01% Reduced -82.2k -82,230
14 ALLIANCEBERNSTEIN L.P. 0.14% of their portfolio NASHVILLE, TN 1,182,4581.2m $320.4m $320.4m 0.14% Added +1.2m +1,154,242
15 WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio Boston, MA 970,674970.7k $262.9m $262.9m 0.05% Reduced -347.2k -347,200
16 AKO CAPITAL LLP 3.88% of their portfolio LONDON, X0 941,937941.9k $255.1m $255.1m 3.88% Reduced -10.1k -10,094
17 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 939,555939.6k $254.6m $254.6m 0.03% Added +547.4k +547,356
18 PICTET ASSET MANAGEMENT SA 0.30% of their portfolio GENEVA 73, V8 871,313871.3k $236.0m $236.0m 0.30% Added +90.8k +90,801
19 GOLDMAN SACHS GROUP INC 0.06% of their portfolio NEW YORK, NY 859,667859.7k $232.9m $232.9m 0.06% Added +564.9k +564,891
20 AXA S.A. 0.73% of their portfolio PARIS, I0 785,780785.8k $212.9m $212.9m 0.73% Reduced -90.1k -90,096
21 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.71% of their portfolio CHICAGO, IL 749,761749.8k $203.1m $203.1m 0.71% New
22 AustralianSuper Pty Ltd 1.24% of their portfolio MELBOURNE, C3 665,644665.6k $180.0m $180.0m 1.24% Reduced -68.8k -68,806
23 MACQUARIE GROUP LTD 0.20% of their portfolio Sydney, NSW 2000, C3 617,947617.9k $167.4m $167.4m 0.20% Added +16.9k +16,862
24 MARTIN CURRIE LTD 5.71% of their portfolio EDINBURGH, X0 589,394589.4k $159.7m $159.7m 5.71% Reduced -28.4k -28,375
25 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 529,555529.6k $143.5m $143.5m 0.03% Reduced -22.6k -22,566
26 Swiss National Bank 0.09% of their portfolio ZURICH, V8 493,980494.0k $134.1m $134.1m 0.09% Reduced -18.9k -18,875
27 CIBC Private Wealth Group LLC 0.05% of their portfolio ATLANTA, GA 436,208436.2k $43.7m $43.7m 0.05% Added +225.0k +225,010
28 DEUTSCHE BANK AG\ 0.06% of their portfolio FRANKFURT AM MAIN, 2M 418,161418.2k $113.3m $113.3m 0.06% Reduced -193.1k -193,129
29 MARSHALL WACE, LLP 0.27% of their portfolio LONDON, X0 407,772407.8k $110.4m $110.4m 0.27% Added +45.3k +45,311
30 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 1.07% of their portfolio VICTORIA, A1 380,723380.7k $102.9m $102.9m 1.07% Reduced -105.1k -105,076
31 CREDIT SUISSE AG/ 0.10% of their portfolio ZURICH, V8 361,664361.7k $98.0m $98.0m 0.10% Reduced -1.4k -1,405
32 LORD, ABBETT & CO. LLC 0.17% of their portfolio JERSEY CITY, NJ 357,440357.4k $96.8m $96.8m 0.17% New
33 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio Toronto, A6 309,755309.8k $84.1m $84.1m 0.05% Reduced -9.1k -9,103
34 BARCLAYS PLC 0.08% of their portfolio LONDON, X0 274,479274.5k $74.4m $74.4m 0.08% Reduced -82.0k -82,000
35 Allspring Global Investments Holdings, LLC 0.12% of their portfolio CHARLOTTE, NC 272,984273.0k $74.0m $74.0m 0.12% Reduced -3.6k -3,616
36 Banco Santander, S.A. 0.99% of their portfolio Madrid, U3 269,824269.8k $67.3m $67.3m 0.99% Added +88.2k +88,163
37 JENNISON ASSOCIATES LLC 0.06% of their portfolio NEW YORK, NY 258,419258.4k $70.0m $70.0m 0.06% Added +3.7k +3,724
38 Darsana Capital Partners LP 4.56% of their portfolio New York, NY 250,000250.0k $67.7m $67.7m 4.56% Reduced -500.0k -500,000
39 1832 Asset Management L.P. 0.14% of their portfolio TORONTO, A6 244,635244.6k $66.3m $66.3m 0.14% Added +146.0k +145,958
40 TWO SIGMA INVESTMENTS, LP 0.19% of their portfolio NEW YORK, NY 237,728237.7k $64.4m $64.4m 0.19% Added +101.8k +101,836
41 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 230,001230.0k $62.3m $62.3m 0.03% Added +1.6k +1,619
42 TWO SIGMA ADVISERS, LP 0.16% of their portfolio NEW YORK, NY 226,600226.6k $61.4m $61.4m 0.16% Added +113.0k +113,000
43 Ensemble Capital Management, LLC 5.90% of their portfolio San Francisco, CA 210,489210.5k $57.0m $57.0m 5.90% Reduced -78.5k -78,508
44 Russell Investments Group, Ltd. 0.11% of their portfolio Seattle, WA 209,205209.2k $56.7m $56.7m 0.11% Added +24.9k +24,862
45 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 204,534204.5k $55.6m $55.6m 0.02% Reduced -9.5k -9,526
46 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 199,214199.2k $54.0m $54.0m 0.02% Added +17.8k +17,809
47 Rheos Capital Works Inc. 2.93% of their portfolio Tokyo, M0 194,600194.6k $52.7m $52.7m 2.93% Added +25.5k +25,500
48 TD Asset Management Inc 0.06% of their portfolio Toronto, A6 184,624184.6k $50.0m $50.0m 0.06% Added +128.8k +128,783
49 DekaBank Deutsche Girozentrale 0.12% of their portfolio FRANKFURT, 2M 174,676174.7k $46.7m $46.7m 0.12% Added +34.2k +34,242
50 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 158,739158.7k $43.0m $43.0m 0.06% Reduced -41.7k -41,653
51 NATIXIS ADVISORS, LLC 0.14% of their portfolio Boston, MA 151,706151.7k $41.1m $41.1m 0.14% Reduced -4.0k -4,024
52 Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio CHIYODA-KU, TOKYO, M0 149,240149.2k $40.4m $40.4m 0.03% Reduced -4.0k -4,002
53 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 142,167142.2k $38.5m $38.5m 0.04% Added +95.8k +95,771
54 Douglas Lane & Associates, LLC 0.61% of their portfolio NEW YORK, NY 135,856135.9k $36.8m $36.8m 0.61% Reduced -1.3k -1,320
55 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.17% of their portfolio JUPITER, FL 128,406128.4k $34.8m $34.8m 0.17% Added +112.0k +111,997
56 Baskin Financial Services Inc. 3.57% of their portfolio TORONTO, A6 125,418125.4k $34.0m $34.0m 3.57% Reduced -2.5k -2,538
57 Compagnie Lombard Odier SCmA 0.85% of their portfolio 1204 GENEVA, V8 125,305125.3k $33.9m $33.9m 0.85% Added +19.3k +19,331
58 Lansing Management LP 35.72% of their portfolio NEW YORK, NY 125,155125.2k $33.9m $33.9m 35.72% Reduced -8.5k -8,485
59 THORNBURG INVESTMENT MANAGEMENT INC 0.55% of their portfolio SANTA FE, NM 123,879123.9k $33.6m $33.6m 0.55% Reduced -30.8k -30,835
60 Quadrature Capital Ltd 0.88% of their portfolio LONDON, X0 118,334118.3k $32.2m $32.2m 0.88% Added +90.7k +90,729
61 BIGLARI CAPITAL CORP. 4.46% of their portfolio San Antonio, TX 118,300118.3k $32.1m $32.1m 4.46% Unchanged
62 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 114,801114.8k $31.1m $31.1m 0.04% Reduced -33.8k -33,842
63 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio BOSTON, MA 114,185114.2k $30.9m $30.9m 0.04% New
64 JS Capital Management LLC 5.38% of their portfolio NEW YORK, NY 110,000110.0k $29.8m $29.8m 5.38% New
65 Allianz Asset Management GmbH 0.06% of their portfolio MUNICH, 2M 104,948104.9k $28.4m $28.4m 0.06% Added +3.8k +3,782
66 Fiera Capital Corp 0.08% of their portfolio MONTREAL, A8 98,23198.2k $26.6m $26.6m 0.08% Reduced -73.8k -73,848
67 Capital International Investors 0.01% of their portfolio Los Angeles, CA 95,06395.1k $25.7m $25.7m 0.01% Added +254 +254
68 CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio TORONTO ONTARIO, A6 93,92193.9k $25.4m $25.4m 0.04% Reduced -17.8k -17,785
69 NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio ALBANY, NY 92,91992.9k $25.2m $25.2m 0.03% Reduced -50.5k -50,490
70 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 92,87492.9k $25.1m $25.1m 0.02% Added +43.2k +43,154
71 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 90,06990.1k $24.5m $24.5m 0.01% Added +40.9k +40,947
72 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 87,26287.3k $23.6m $23.6m 0.01% Added +4.5k +4,454
73 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 85,73285.7k $23.2m $23.2m 0.02% Reduced -878 -878
74 Aquamarine Zurich AG 11.18% of their portfolio ZURICH, V8 80,00080.0k $21.6m $21.6m 11.18% Unchanged
75 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 78,76178.8k $21.3m $21.3m 0.01% Added +4.2k +4,225
76 Korea Investment CORP 0.06% of their portfolio SEOUL, M5 76,20876.2k $20.6m $20.6m 0.06% Reduced -5.8k -5,770
77 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 74,33674.3k $20.1m $20.1m 0.03% Reduced -4.4k -4,414
78 Stony Point Capital LLC 7.06% of their portfolio NEW YORK, NY 73,17673.2k $19.8m $19.8m 7.06% Reduced -4.6k -4,628
79 WESTPAC BANKING CORP 0.24% of their portfolio SYDNEY, C3 68,44768.4k $18.2m $18.2m 0.24% Reduced -18.3k -18,290
80 Twin Tree Management, LP 0.52% of their portfolio DALLAS, TX 68,29768.3k $18.5m $18.5m 0.52% Added +56.4k +56,382
81 UBS Group AG 0.01% of their portfolio ZURICH, V8 64,59264.6k $17.5m $17.5m 0.01% Added +9.1k +9,068
82 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 61,30861.3k $16.6m $16.6m 0.00% Reduced -2.9k -2,850
83 FRED ALGER MANAGEMENT, LLC 0.09% of their portfolio NEW YORK, NY 58,81658.8k $15.9m $15.9m 0.09% Added +32.2k +32,190
84 Infusive Asset Management Inc. 6.41% of their portfolio NEW YORK, NY 55,67655.7k $7.4m $7.4m 6.41% Reduced -53.8k -53,777
85 Zurcher Kantonalbank (Zurich Cantonalbank) 0.07% of their portfolio ZURICH, V8 55,11755.1k $14.9m $14.9m 0.07% Reduced -1.1k -1,115
86 Janney Montgomery Scott LLC 0.06% of their portfolio PHILADELPHIA, PA 54,92054.9k $14.9m $14.9m 0.06% Added +2.0k +2,017
87 SANDS CAPITAL MANAGEMENT, LLC 0.05% of their portfolio ARLINGTON, VA 51,44251.4k $13.9m $13.9m 0.05% New
88 Qube Research & Technologies Ltd 0.08% of their portfolio LONDON, X0 50,25150.3k $13.6m $13.6m 0.08% Reduced -16.6k -16,560
89 2Xideas AG 1.28% of their portfolio KUSNACHT, V8 49,59349.6k $13.4m $13.4m 1.28% Added +1.5k +1,467
90 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 47,89247.9k $13.0m $13.0m 0.01% Reduced -16.4k -16,406
91 MACKENZIE FINANCIAL CORP 0.02% of their portfolio TORONTO ONTARIO, A6 47,50747.5k $12.8m $12.8m 0.02% New
92 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 46,83546.8k $12.7m $12.7m 0.02% Reduced -28.8k -28,825
93 Public Sector Pension Investment Board 0.09% of their portfolio MONTREAL, A8 44,64044.6k $12.1m $12.1m 0.09% Added +887 +887
94 Chiron Investment Management, LLC 2.15% of their portfolio NEW YORK, NY 44,03444.0k $11.9m $11.9m 2.15% Reduced -2.0k -2,004
95 Optiver Holding B.V. 0.54% of their portfolio AMSTERDAM, P7 42,99243.0k $11.6m $11.6m 0.54% New
96 FIL Ltd 0.01% of their portfolio HAMILTON, D0 41,37041.4k $11.2m $11.2m 0.01% Reduced -58.1k -58,115
97 J.P. Morgan Private Wealth Advisors LLC 0.02% of their portfolio SAN FRANCISCO, CA 40,71440.7k $11.0m $11.0m 0.02% Added +225 +225
98 Interval Partners, LP 0.62% of their portfolio NEW YORK, NY 40,47440.5k $11.0m $11.0m 0.62% New
99 Henry James International Management Inc. 4.64% of their portfolio NEW YORK, NY 40,40740.4k $10.9m $10.9m 4.64% Added +24 +24
100 M&T Bank Corp 0.04% of their portfolio BUFFALO, NY 38,35038.4k $10.4m $10.4m 0.04% Reduced -840 -840