Vault-13

FERRARI N V RACE

COM · Common Stock · CUSIP N3167Y103

Dutch holding company that controls Ferrari

575 institutional holders +50 vs Q3 2023
62,340,38262.3m shares reported held*
$21.1bnreported value*
78 new 196 added 168 reduced 46 sold out net bought ≈ $1.5bn (+4.5m 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 ($12.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $338.02. Options: 22 managers hold calls ($318.1m notional), 28 hold puts ($455.0m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 404Q4 22: 441Q1 23: 475Q2 23: 517Q3 23: 525Q4 23: 575575Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022404
Q4 2022441
Q1 2023475
Q2 2023517
Q3 2023525
Q4 2023575

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 23Q2 23: 245 bought or addedQ2 23: 211 cut or sold outQ2 23Q3 23: 247 bought or addedQ3 23: 207 cut or sold outQ3 23Q4 23: 274 bought or addedQ4 23: 214 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022192186
Q1 2023216192
Q2 2023245211
Q3 2023247207
Q4 2023274214

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ1 23 calls: $350.6mQ1 23 puts: $257.2mQ1 23P/C 0.73Q2 23 calls: $367.9mQ2 23 puts: $331.4mQ2 23P/C 0.90Q3 23 calls: $262.9mQ3 23 puts: $434.9mQ3 23P/C 1.65Q4 23 calls: $318.1mQ4 23 puts: $455.0mQ4 23P/C 1.43
Numbers
QuarterCallsPutsP/C
Q1 2023$350.6m$257.2m0.73
Q2 2023$367.9m$331.4m0.90
Q3 2023$262.9m$434.9m1.65
Q4 2023$318.1m$455.0m1.43

Biggest buyers

JPMORGAN CHASE & CO Added +3,375,570+3.4m
BANK OF AMERICA CORP /DE/ Added +1,646,169+1.6m
MORGAN STANLEY Added +1,071,651+1.1m
GOLDMAN SACHS GROUP INC Added +727,392+727.4k
AXA S.A. Added +644,793+644.8k
Nuveen Asset Management, LLC New +522,872+522.9k
Alphinity Investment Management Pty Ltd Added +392,401+392.4k
MACKENZIE FINANCIAL CORP Added +208,966+209.0k
SANDS CAPITAL MANAGEMENT, LLC Added +132,851+132.9k
PDT Partners, LLC Added +129,395+129.4k

Biggest sellers

PRICE T ROWE ASSOCIATES INC /MD/ Reduced -1,004,012-1.0m
Amundi Reduced -675,227-675.2k
WCM INVESTMENT MANAGEMENT, LLC Reduced -558,021-558.0k
BAILLIE GIFFORD & CO Reduced -405,161-405.2k
Balyasny Asset Management L.P. Sold out -354,234-354.2k
FMR LLC Reduced -283,757-283.8k
AustralianSuper Pty Ltd Reduced -246,208-246.2k
TWO SIGMA INVESTMENTS, LP Reduced -165,487-165.5k
Pictet Asset Management Holding SA Reduced -149,834-149.8k
LORD, ABBETT & CO. LLC Sold out -147,314-147.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $55.7m164.7k shares
CITADEL ADVISORS LLC Reduced $51.7m152.7k shares
UBS Group AG Added $44.0m130.0k shares
Optiver Holding B.V. Added $40.0m118.1k shares
PEAK6 Investments LLC Added $23.6m69.6k shares
GOLDMAN SACHS GROUP INC Added $23.0m68.0k shares
SIMPLEX TRADING, LLC Added $14.2m41.9k shares
WOLVERINE TRADING, LLC Added $13.4m39.5k shares
Walleye Trading LLC Reduced $11.0m32.5k shares
JANE STREET GROUP, LLC Reduced $9.1m26.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $61.3m181.0k shares
Optiver Holding B.V. Reduced $59.4m175.6k shares
CITADEL ADVISORS LLC Reduced $58.6m173.3k shares
UBS Group AG Reduced $41.5m122.5k shares
Monaco Asset Management SAM Reduced $33.8m100.0k shares
BANK OF AMERICA CORP /DE/ Added $30.5m90.0k shares
JPMORGAN CHASE & CO Added $25.7m75.8k shares
Walleye Capital LLC Added $25.4m75.1k shares
SIMPLEX TRADING, LLC Added $17.2m50.9k shares
JANE STREET GROUP, LLC Added $15.6m46.2k 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 Q4 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 Q4 2023.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAILLIE GIFFORD & CO 1.81% of their portfolio EDINBURGH, X0 6,780,7556.8m $2.3bn $2.3bn 1.81% Reduced -405.2k -405,161
2 JPMORGAN CHASE & CO 0.09% of their portfolio NEW YORK, NY 5,080,6515.1m $1.7bn $1.7bn 0.09% Added +3.4m +3,375,570
3 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 4,488,3464.5m $1.5bn $1.5bn 0.03% Added +46.9k +46,938
4 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 2,801,0682.8m $948.0m $948.0m 0.04% Added +1.1m +1,071,651
5 BANK OF AMERICA CORP /DE/ 0.10% of their portfolio CHARLOTTE, NC 2,506,8752.5m $848.4m $848.4m 0.10% Added +1.6m +1,646,169
6 Amundi 0.37% of their portfolio Paris, I0 2,400,8942.4m $823.7m $823.7m 0.37% Reduced -675.2k -675,227
7 Bank of Italy 25.07% of their portfolio ROME, L6 2,275,9452.3m $767.6m $767.6m 25.07% Reduced -20.0k -19,958
8 PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio BALTIMORE, MD 1,952,7092.0m $660.9m $660.9m 0.09% Reduced -1.0m -1,004,012
9 NORGES BANK 0.10% of their portfolio OSLO, Q8 1,698,9601.7m $572.5m $572.5m 0.10% Added +30.6k +30,589
10 Bank of New York Mellon Corp 0.11% of their portfolio NEW YORK, NY 1,619,1721.6m $548.0m $548.0m 0.11% Reduced -16.3k -16,329
11 ALLIANCEBERNSTEIN L.P. 0.20% of their portfolio NASHVILLE, TN 1,556,0371.6m $526.6m $526.6m 0.20% Reduced -17.1k -17,141
12 AXA S.A. 0.74% of their portfolio PARIS, I0 1,354,9381.4m $458.6m $458.6m 0.74% Added +644.8k +644,793
13 GOLDMAN SACHS GROUP INC 0.10% of their portfolio NEW YORK, NY 1,343,4351.3m $454.7m $454.7m 0.10% Added +727.4k +727,392
14 Capital Research Global Investors 0.11% of their portfolio Los Angeles, CA 1,280,3471.3m $431.9m $431.9m 0.11% Added +7.5k +7,451
15 FMR LLC 0.03% of their portfolio BOSTON, MA 1,276,0281.3m $430.7m $430.7m 0.03% Reduced -283.8k -283,757
16 WCM INVESTMENT MANAGEMENT, LLC 1.03% of their portfolio LAGUNA BEACH, CA 1,109,5241.1m $373.9m $373.9m 1.03% Reduced -558.0k -558,021
17 BlackRock Inc. 0.01% of their portfolio New York, NY 1,103,2291.1m $373.4m $373.4m 0.01% Reduced -77.7k -77,663
18 Legal & General Group Plc 0.11% of their portfolio London, X0 1,009,1651.0m $340.3m $340.3m 0.11% Added +5.1k +5,071
19 Alphinity Investment Management Pty Ltd 3.16% of their portfolio Sydney, C3 924,662924.7k $311.7m $311.7m 3.16% Added +392.4k +392,401
20 Capital World Investors 0.04% of their portfolio LOS ANGELES, CA 716,711716.7k $241.6m $241.6m 0.04% Added +1.9k +1,878
21 AKO CAPITAL LLP 3.35% of their portfolio LONDON, X0 697,604697.6k $235.7m $235.7m 3.35% Reduced -110.3k -110,305
22 DEUTSCHE BANK AG\ 0.11% of their portfolio FRANKFURT AM MAIN, 2M 651,492651.5k $220.5m $220.5m 0.11% Added +60.1k +60,114
23 Pictet Asset Management Holding SA 0.23% of their portfolio CAROUGE, V8 626,856626.9k $211.3m $211.3m 0.23% Reduced -149.8k -149,834
24 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.61% of their portfolio CHICAGO, IL 615,323615.3k $208.2m $208.2m 0.61% Added +4.9k +4,894
25 MACQUARIE GROUP LTD 0.23% of their portfolio Sydney, NSW 2000, C3 575,684575.7k $194.8m $194.8m 0.23% Reduced -8.2k -8,184
26 Banco Santander, S.A. 2.19% of their portfolio Madrid, U3 550,348550.3k $185.7m $185.7m 2.19% Added +98.1k +98,131
27 MARTIN CURRIE LTD 5.97% of their portfolio EDINBURGH, X0 537,481537.5k $181.9m $181.9m 5.97% Reduced -22.7k -22,683
28 Nuveen Asset Management, LLC 0.06% of their portfolio CHICAGO, IL 522,872522.9k $176.3m $176.3m 0.06% New
29 BARCLAYS PLC 0.09% of their portfolio LONDON, X0 510,279510.3k $172.7m $172.7m 0.09% Reduced -104.0k -104,025
30 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 493,471493.5k $167.0m $167.0m 0.03% Reduced -8.4k -8,436
31 WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio Boston, MA 435,543435.5k $146.8m $146.8m 0.03% Reduced -78.4k -78,439
32 Swiss National Bank 0.10% of their portfolio ZURICH, V8 405,766405.8k $137.1m $137.1m 0.10% Reduced -9.3k -9,266
33 CREDIT SUISSE AG/ 0.13% of their portfolio ZURICH, V8 394,638394.6k $133.6m $133.6m 0.13% Added +4.8k +4,794
34 MARSHALL WACE, LLP 0.22% of their portfolio LONDON, X0 345,009345.0k $116.3m $116.3m 0.22% Reduced -92.5k -92,539
35 State of Tennessee, Department of Treasury 0.44% of their portfolio NASHVILLE, TN 330,695330.7k $111.5m $111.5m 0.44% Added +22.8k +22,797
36 MACKENZIE FINANCIAL CORP 0.17% of their portfolio TORONTO ONTARIO, A6 329,927329.9k $111.5m $111.5m 0.17% Added +209.0k +208,966
37 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 300,296300.3k $101.6m $101.6m 0.03% Added +29.6k +29,649
38 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 294,385294.4k $99.5m $99.5m 0.04% Added +3.7k +3,691
39 TD Asset Management Inc 0.09% of their portfolio Toronto, A6 284,631284.6k $96.3m $96.3m 0.09% Added +10.9k +10,935
40 FIL Ltd 0.10% of their portfolio HAMILTON, D0 280,595280.6k $94.6m $94.6m 0.10% Added +13.8k +13,769
41 DekaBank Deutsche Girozentrale 0.19% of their portfolio FRANKFURT, 2M 275,145275.1k $93.6m $93.6m 0.19% Reduced -28.3k -28,285
42 AustralianSuper Pty Ltd 0.54% of their portfolio MELBOURNE, C3 265,367265.4k $89.4m $89.4m 0.54% Reduced -246.2k -246,208
43 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 261,676261.7k $88.6m $88.6m 0.02% Added +5.8k +5,819
44 Capital International Investors 0.02% of their portfolio Los Angeles, CA 251,827251.8k $84.9m $84.9m 0.02% Added +25.7k +25,738
45 UBS Group AG 0.03% of their portfolio ZURICH, V8 248,345248.3k $84.0m $84.0m 0.03% Added +102.6k +102,598
46 JENNISON ASSOCIATES LLC 0.06% of their portfolio NEW YORK, NY 241,380241.4k $81.7m $81.7m 0.06% Reduced -37.3k -37,341
47 Rheos Capital Works Inc. 4.26% of their portfolio Tokyo, M0 228,200228.2k $77.2m $77.2m 4.26% Unchanged
48 SANDS CAPITAL MANAGEMENT, LLC 0.23% of their portfolio ARLINGTON, VA 220,795220.8k $74.7m $74.7m 0.23% Added +132.9k +132,851
49 TWO SIGMA ADVISERS, LP 0.16% of their portfolio NEW YORK, NY 208,000208.0k $70.4m $70.4m 0.16% Reduced -57.4k -57,400
50 CITIGROUP INC 0.09% of their portfolio NEW YORK, NY 202,913202.9k $68.7m $68.7m 0.09% Reduced -66.3k -66,307
51 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 198,799198.8k $67.4m $67.4m 0.02% Reduced -50.7k -50,670
52 Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio CHIYODA-KU, TOKYO, M0 166,375166.4k $56.2m $56.2m 0.04% Added +17.3k +17,259
53 CIBC Private Wealth Group LLC 0.12% of their portfolio ATLANTA, GA 161,025161.0k $54.4m $54.4m 0.12% Added +50.6k +50,636
54 TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio NEW YORK, NY 160,987161.0k $54.5m $54.5m 0.13% Reduced -165.5k -165,487
55 PDT Partners, LLC 5.99% of their portfolio New York, NY 160,831160.8k $54.2m $54.2m 5.99% Added +129.4k +129,395
56 Allspring Global Investments Holdings, LLC 0.09% of their portfolio CHARLOTTE, NC 160,747160.7k $54.4m $54.4m 0.09% Reduced -38.3k -38,343
57 CREDIT AGRICOLE S A 1.12% of their portfolio Montrouge Cedex, I0 159,365159.4k $53.9m $53.9m 1.12% Added +80.0k +80,031
58 Compagnie Lombard Odier SCmA 1.00% of their portfolio 1204 GENEVA, V8 158,997159.0k $53.6m $53.6m 1.00% Added +13.0k +12,973
59 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.20% of their portfolio JUPITER, FL 152,920152.9k $51.8m $51.8m 0.20% Added +31.4k +31,381
60 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 152,382152.4k $51.5m $51.5m 0.03% Reduced -19.5k -19,506
61 Russell Investments Group, Ltd. 0.09% of their portfolio Seattle, WA 148,401148.4k $50.0m $50.0m 0.09% Reduced -417 -417
62 Ensemble Capital Management, LLC 4.31% of their portfolio San Francisco, CA 142,940142.9k $48.4m $48.4m 4.31% Reduced -26.4k -26,409
63 1832 Asset Management L.P. 0.09% of their portfolio TORONTO, A6 141,001141.0k $47.7m $47.7m 0.09% Reduced -34.4k -34,437
64 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.38% of their portfolio VICTORIA, A1 137,048137.0k $46.2m $46.2m 0.38% Reduced -81.4k -81,394
65 NATIXIS ADVISORS, LLC 0.12% of their portfolio Boston, MA 136,657136.7k $46.2m $46.2m 0.12% Reduced -5.5k -5,490
66 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 131,122131.1k $44.4m $44.4m 0.04% Reduced -99.8k -99,838
67 BIGLARI CAPITAL CORP. 6.51% of their portfolio San Antonio, TX 130,500130.5k $44.2m $44.2m 6.51% Added +12.2k +12,200
68 Qube Research & Technologies Ltd 0.10% of their portfolio LONDON, X0 126,343126.3k $42.8m $42.8m 0.10% Added +41.8k +41,777
69 Douglas Lane & Associates, LLC 0.63% of their portfolio NEW YORK, NY 120,762120.8k $40.9m $40.9m 0.63% Reduced -6.9k -6,895
70 Baskin Financial Services Inc. 3.67% of their portfolio TORONTO, A6 120,088120.1k $40.6m $40.6m 3.67% Reduced -2.1k -2,111
71 THORNBURG INVESTMENT MANAGEMENT INC 0.57% of their portfolio SANTA FE, NM 116,224116.2k $39.3m $39.3m 0.57% Reduced -515 -515
72 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 112,629112.6k $38.1m $38.1m 0.01% Added +9.0k +9,010
73 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 105,817105.8k $35.8m $35.8m 0.01% Reduced -42.6k -42,599
74 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 103,556103.6k $35.0m $35.0m 0.04% Added +18.5k +18,545
75 Lansing Management LP 36.34% of their portfolio NEW YORK, NY 100,451100.5k $34.0m $34.0m 36.34% Reduced -10.5k -10,502
76 JS Capital Management LLC 3.56% of their portfolio NEW YORK, NY 88,00088.0k $29.8m $29.8m 3.56% Reduced -17.0k -17,000
77 ACADIAN ASSET MANAGEMENT LLC 0.11% of their portfolio Boston, MA 86,81986.8k $29.3m $29.3m 0.11% Added +86.7k +86,722
78 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 85,68885.7k $29.0m $29.0m 0.01% Added +3.8k +3,759
79 AVIVA PLC 0.10% of their portfolio LONDON, X0 85,32685.3k $28.8m $28.8m 0.10% Added +9.1k +9,101
80 Allianz Asset Management GmbH 0.05% of their portfolio MUNICH, 2M 83,86983.9k $28.4m $28.4m 0.05% Reduced -184 -184
81 Korea Investment CORP 0.07% of their portfolio SEOUL, M5 83,58283.6k $28.2m $28.2m 0.07% Reduced -8.1k -8,095
82 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 81,53981.5k $27.6m $27.6m 0.03% New
83 Aquamarine Zurich AG 11.78% of their portfolio ZURICH, V8 80,00080.0k $27.0m $27.0m 11.78% Unchanged
84 Pelham Capital Ltd. 11.74% of their portfolio LONDON, X0 77,75077.8k $26.3m $26.3m 11.74% Unchanged
85 Capital International, Inc./CA/ 0.41% of their portfolio Los Angeles, CA 77,22277.2k $26.0m $26.0m 0.41% Reduced -1.7k -1,674
86 Quadrature Capital Ltd 0.46% of their portfolio LONDON, X0 75,48175.5k $25.5m $25.5m 0.46% New
87 RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio NEW YORK, NY 72,75772.8k $24.6m $24.6m 0.04% Reduced -74.1k -74,143
88 Zurcher Kantonalbank (Zurich Cantonalbank) 0.09% of their portfolio ZURICH, V8 72,63672.6k $24.5m $24.5m 0.09% Added +8.2k +8,212
89 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 70,52870.5k $23.9m $23.9m 0.01% Reduced -28.2k -28,249
90 SAPIENT CAPITAL LLC 0.59% of their portfolio INDIANAPOLIS, IN 67,76567.8k $22.8m $22.8m 0.59% First filing
91 FRED ALGER MANAGEMENT, LLC 0.12% of their portfolio NEW YORK, NY 65,47665.5k $22.2m $22.2m 0.12% Reduced -3.6k -3,635
92 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio FRANKFURT AM MAIN, 2M 63,98664.0k $21.6m $21.6m 0.03% Added +56.5k +56,542
93 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 62,76162.8k $21.2m $21.2m 0.03% Added +1.4k +1,439
94 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 61,87561.9k $20.9m $20.9m 0.04% Added +16.7k +16,679
95 Janney Montgomery Scott LLC 0.07% of their portfolio PHILADELPHIA, PA 60,03360.0k $20.3m $20.3m 0.07% Added +2.5k +2,506
96 Stony Point Capital LLC 6.63% of their portfolio NEW YORK, NY 59,31959.3k $20.1m $20.1m 6.63% Reduced -2.2k -2,245
97 Zurich Insurance Group Ltd/FI 0.18% of their portfolio ZURICH, V8 53,62853.6k $18.1m $18.1m 0.18% Reduced -6.6k -6,605
98 Bank Julius Baer & Co. Ltd, Zurich 0.07% of their portfolio ZURICH, V8 48,91648.9k $16.6m $16.6m 0.07% New
99 Public Sector Pension Investment Board 0.12% of their portfolio MONTREAL, A8 45,12545.1k $15.2m $15.2m 0.12% Added +177 +177
100 Cubist Systematic Strategies, LLC 0.18% of their portfolio STAMFORD, CT 43,06543.1k $14.6m $14.6m 0.18% Reduced -20.4k -20,404