Vault-13

FERRARI N V RACE

COM · Common Stock · CUSIP N3167Y103

Dutch holding company that controls Ferrari

655 institutional holders +80 vs Q4 2023
61,570,87461.6m shares reported held*
$26.8bnreported value*
117 new 235 added 192 reduced 42 sold out net sold ≈ $346.9m (-795.8k 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 ($15.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $434.99. Options: 27 managers hold calls ($547.5m notional), 27 hold puts ($597.8m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 404Q4 22: 441Q1 23: 475Q2 23: 517Q3 23: 525Q4 23: 575Q1 24: 655655Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022404
Q4 2022441
Q1 2023475
Q2 2023517
Q3 2023525
Q4 2023575
Q1 2024655

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 23Q1 24: 352 bought or addedQ1 24: 234 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022192186
Q1 2023216192
Q2 2023245211
Q3 2023247207
Q4 2023274214
Q1 2024352234

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ2 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 1.43Q1 24 calls: $547.5mQ1 24 puts: $597.8mQ1 24P/C 1.09
Numbers
QuarterCallsPutsP/C
Q2 2023$367.9m$331.4m0.90
Q3 2023$262.9m$434.9m1.65
Q4 2023$318.1m$455.0m1.43
Q1 2024$547.5m$597.8m1.09

Biggest buyers

MORGAN STANLEY Added +1,307,777+1.3m
Capital International Investors Added +791,596+791.6k
AMERIPRISE FINANCIAL INC Added +405,597+405.6k
Clearbridge Investments, LLC Added +374,691+374.7k
BlackRock Inc. Added +253,788+253.8k
Capital World Investors Added +245,872+245.9k
Capital International, Inc./CA/ Added +160,055+160.1k
Susquehanna International Securities, Ltd. New +105,216+105.2k
UBS Group AG Added +102,937+102.9k
BANK OF AMERICA CORP /DE/ Added +94,781+94.8k

Biggest sellers

Alphinity Investment Management Pty Ltd Sold out -924,662-924.7k
AXA S.A. Reduced -699,693-699.7k
BAILLIE GIFFORD & CO Reduced -666,590-666.6k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -471,851-471.9k
JPMORGAN CHASE & CO Reduced -466,429-466.4k
BARCLAYS PLC Reduced -298,024-298.0k
MACQUARIE GROUP LTD Reduced -174,329-174.3k
PDT Partners, LLC Reduced -136,959-137.0k
1832 Asset Management L.P. Reduced -131,272-131.3k
NORTHERN TRUST CORP Reduced -114,017-114.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $94.0m215.7k shares
GOLDMAN SACHS GROUP INC Added $64.5m148.0k shares
JANE STREET GROUP, LLC Added $61.6m141.3k shares
CITADEL ADVISORS LLC Reduced $60.1m137.8k shares
BANK OF AMERICA CORP /DE/ Added $39.9m91.5k shares
Optiver Holding B.V. Reduced $28.9m66.4k shares
UBS Group AG Reduced $26.2m60.0k shares
PEAK6 Investments LLC Reduced $25.4m58.2k shares
GROUP ONE TRADING LLC Added $23.7m54.4k shares
SIMPLEX TRADING, LLC Added $23.5m54.0k shares

Biggest puts

Optiver Holding B.V. Added $97.6m223.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $82.3m188.7k shares
CITADEL ADVISORS LLC Reduced $71.2m163.4k shares
BANK OF AMERICA CORP /DE/ Added $61.0m140.0k shares
UBS Group AG Reduced $46.9m107.5k shares
GOLDMAN SACHS GROUP INC Added $41.4m95.0k shares
JPMORGAN CHASE & CO Added $39.2m90.0k shares
Eisler Capital (UK) Ltd. Added $25.3m58.0k shares
Walleye Capital LLC Reduced $22.5m51.7k shares
SIMPLEX TRADING, LLC Added $22.3m51.2k 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 Q1 2024

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 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAILLIE GIFFORD & CO 2.08% of their portfolio EDINBURGH, X0 6,114,1656.1m $2.7bn $2.7bn 2.08% Reduced -666.6k -666,590
2 JPMORGAN CHASE & CO 0.09% of their portfolio NEW YORK, NY 4,614,2224.6m $2.0bn $2.0bn 0.09% Reduced -466.4k -466,429
3 VANGUARD GROUP INC 0.04% of their portfolio Valley Forge, PA 4,549,9344.5m $2.0bn $2.0bn 0.04% Added +61.6k +61,588
4 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 4,108,8454.1m $1.8bn $1.8bn 0.05% Added +1.3m +1,307,777
5 BANK OF AMERICA CORP /DE/ 0.11% of their portfolio CHARLOTTE, NC 2,601,6562.6m $1.1bn $1.1bn 0.11% Added +94.8k +94,781
6 Amundi 0.43% of their portfolio Paris, I0 2,421,6512.4m $999.2m $999.2m 0.43% Added +20.8k +20,757
7 Bank of Italy 27.52% of their portfolio ROME, L6 2,275,9452.3m $994.1m $994.1m 27.52% Unchanged
8 NORGES BANK 0.12% of their portfolio OSLO, Q8 1,728,9721.7m $754.2m $754.2m 0.12% Added +30.0k +30,012
9 ALLIANCEBERNSTEIN L.P. 0.25% of their portfolio NASHVILLE, TN 1,600,8721.6m $697.9m $697.9m 0.25% Added +44.8k +44,835
10 Bank of New York Mellon Corp 0.13% of their portfolio NEW YORK, NY 1,582,3271.6m $689.8m $689.8m 0.13% Reduced -36.8k -36,845
11 PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio BALTIMORE, MD 1,480,8581.5m $645.6m $645.6m 0.08% Reduced -471.9k -471,851
12 BlackRock Inc. 0.01% of their portfolio New York, NY 1,357,0171.4m $591.6m $591.6m 0.01% Added +253.8k +253,788
13 Capital Research Global Investors 0.13% of their portfolio Los Angeles, CA 1,329,7141.3m $579.6m $579.6m 0.13% Added +49.4k +49,367
14 GOLDMAN SACHS GROUP INC 0.12% of their portfolio NEW YORK, NY 1,322,7581.3m $576.6m $576.6m 0.12% Reduced -20.7k -20,677
15 FMR LLC 0.04% of their portfolio BOSTON, MA 1,280,7371.3m $558.3m $558.3m 0.04% Added +4.7k +4,709
16 WCM INVESTMENT MANAGEMENT, LLC 1.11% of their portfolio LAGUNA BEACH, CA 1,069,5201.1m $466.2m $466.2m 1.11% Reduced -40.0k -40,004
17 Capital International Investors 0.09% of their portfolio Los Angeles, CA 1,043,4231.0m $454.8m $454.8m 0.09% Added +791.6k +791,596
18 Legal & General Group Plc 0.13% of their portfolio London, X0 996,127996.1k $434.5m $434.5m 0.13% Reduced -13.0k -13,038
19 Capital World Investors 0.07% of their portfolio LOS ANGELES, CA 962,583962.6k $419.5m $419.5m 0.07% Added +245.9k +245,872
20 AKO CAPITAL LLP 4.25% of their portfolio LONDON, X0 688,968689.0k $300.3m $300.3m 4.25% Reduced -8.6k -8,636
21 DEUTSCHE BANK AG\ 0.14% of their portfolio FRANKFURT AM MAIN, 2M 666,940666.9k $290.7m $290.7m 0.14% Added +15.4k +15,448
22 AXA S.A. 0.86% of their portfolio PARIS, I0 655,245655.2k $285.6m $285.6m 0.86% Reduced -699.7k -699,693
23 Banco Santander, S.A. 3.31% of their portfolio Madrid, U3 630,082630.1k $274.7m $274.7m 3.31% Added +79.7k +79,734
24 Pictet Asset Management Holding SA 0.27% of their portfolio CAROUGE, V8 576,526576.5k $251.6m $251.6m 0.27% Reduced -50.3k -50,330
25 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.64% of their portfolio CHICAGO, IL 564,120564.1k $245.9m $245.9m 0.64% Reduced -51.2k -51,203
26 MARTIN CURRIE LTD 7.05% of their portfolio EDINBURGH, X0 526,046526.0k $229.3m $229.3m 7.05% Reduced -11.4k -11,435
27 Nuveen Asset Management, LLC 0.07% of their portfolio CHICAGO, IL 513,997514.0k $224.3m $224.3m 0.07% Reduced -8.9k -8,875
28 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 511,414511.4k $225.5m $225.5m 0.06% Added +405.6k +405,597
29 MARSHALL WACE, LLP 0.31% of their portfolio LONDON, X0 425,699425.7k $185.7m $185.7m 0.31% Added +80.7k +80,690
30 MACQUARIE GROUP LTD 0.20% of their portfolio Sydney, NSW 2000, C3 401,355401.4k $175.0m $175.0m 0.20% Reduced -174.3k -174,329
31 Clearbridge Investments, LLC 0.13% of their portfolio NEW YORK, NY 380,910380.9k $166.1m $166.1m 0.13% Added +374.7k +374,691
32 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 379,454379.5k $165.4m $165.4m 0.03% Reduced -114.0k -114,017
33 Swiss National Bank 0.11% of their portfolio ZURICH, V8 374,987375.0k $163.6m $163.6m 0.11% Reduced -30.8k -30,779
34 CREDIT SUISSE AG/ 0.16% of their portfolio ZURICH, V8 373,598373.6k $162.9m $162.9m 0.16% Reduced -21.0k -21,040
35 WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio Boston, MA 371,109371.1k $161.9m $161.9m 0.03% Reduced -64.4k -64,434
36 UBS Group AG 0.05% of their portfolio ZURICH, V8 351,282351.3k $153.1m $153.1m 0.05% Added +102.9k +102,937
37 State of Tennessee, Department of Treasury 0.54% of their portfolio NASHVILLE, TN 334,415334.4k $145.9m $145.9m 0.54% Added +3.7k +3,720
38 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 328,228328.2k $143.1m $143.1m 0.05% Added +33.8k +33,843
39 MACKENZIE FINANCIAL CORP 0.19% of their portfolio TORONTO ONTARIO, A6 307,045307.0k $133.9m $133.9m 0.19% Reduced -22.9k -22,882
40 DekaBank Deutsche Girozentrale 0.24% of their portfolio FRANKFURT, 2M 295,571295.6k $129.6m $129.6m 0.24% Added +20.4k +20,426
41 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 283,425283.4k $123.6m $123.6m 0.03% Reduced -16.9k -16,871
42 TD Asset Management Inc 0.11% of their portfolio Toronto, A6 281,923281.9k $122.9m $122.9m 0.11% Reduced -2.7k -2,708
43 Invesco Ltd. 0.03% of their portfolio ATLANTA, GA 280,055280.1k $122.1m $122.1m 0.03% Added +18.4k +18,379
44 JENNISON ASSOCIATES LLC 0.08% of their portfolio NEW YORK, NY 266,608266.6k $116.2m $116.2m 0.08% Added +25.2k +25,228
45 AustralianSuper Pty Ltd 0.67% of their portfolio MELBOURNE, C3 262,065262.1k $114.3m $114.3m 0.67% Reduced -3.3k -3,302
46 CITIGROUP INC 0.11% of their portfolio NEW YORK, NY 239,190239.2k $104.3m $104.3m 0.11% Added +36.3k +36,277
47 FIL Ltd 0.10% of their portfolio HAMILTON, D0 239,170239.2k $104.2m $104.2m 0.10% Reduced -41.4k -41,425
48 Capital International, Inc./CA/ 1.40% of their portfolio Los Angeles, CA 237,277237.3k $103.4m $103.4m 1.40% Added +160.1k +160,055
49 SANDS CAPITAL MANAGEMENT, LLC 0.27% of their portfolio ARLINGTON, VA 220,901220.9k $96.3m $96.3m 0.27% Added +106 +106
50 BARCLAYS PLC 0.04% of their portfolio LONDON, X0 212,255212.3k $92.5m $92.5m 0.04% Reduced -298.0k -298,024
51 Rheos Capital Works Inc. 3.90% of their portfolio Tokyo, M0 186,700186.7k $81.4m $81.4m 3.90% Reduced -41.5k -41,500
52 TWO SIGMA ADVISERS, LP 0.19% of their portfolio NEW YORK, NY 184,600184.6k $80.5m $80.5m 0.19% Reduced -23.4k -23,400
53 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 174,256174.3k $76.7m $76.7m 0.02% Reduced -24.5k -24,543
54 Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio CHIYODA-KU, TOKYO, M0 161,601161.6k $70.5m $70.5m 0.05% Reduced -4.8k -4,774
55 CIBC Private Wealth Group LLC 0.13% of their portfolio ATLANTA, GA 155,007155.0k $67.1m $67.1m 0.13% Reduced -6.0k -6,018
56 BIGLARI CAPITAL CORP. 8.97% of their portfolio San Antonio, TX 153,500153.5k $66.9m $66.9m 8.97% Added +23.0k +23,000
57 CREDIT AGRICOLE S A 1.08% of their portfolio Montrouge Cedex, I0 153,056153.1k $63.2m $63.2m 1.08% Reduced -6.3k -6,309
58 Compagnie Lombard Odier SCmA 1.10% of their portfolio 1204 GENEVA, V8 142,347142.3k $62.1m $62.1m 1.10% Reduced -16.6k -16,650
59 Russell Investments Group, Ltd. 0.10% of their portfolio Seattle, WA 139,745139.7k $61.0m $61.0m 0.10% Reduced -8.7k -8,656
60 NATIXIS ADVISORS, LLC 0.14% of their portfolio Boston, MA 135,637135.6k $59.1m $59.1m 0.14% Reduced -1.0k -1,020
61 Allspring Global Investments Holdings, LLC 0.09% of their portfolio CHARLOTTE, NC 135,139135.1k $58.9m $58.9m 0.09% Reduced -25.6k -25,608
62 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio Toronto, A6 133,261133.3k $58.1m $58.1m 0.05% Reduced -19.1k -19,121
63 Ensemble Capital Management, LLC 4.84% of their portfolio San Francisco, CA 132,319132.3k $57.7m $57.7m 4.84% Reduced -10.6k -10,621
64 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 129,276129.3k $56.4m $56.4m 0.01% Added +43.6k +43,588
65 TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio NEW YORK, NY 126,600126.6k $55.2m $55.2m 0.14% Reduced -34.4k -34,387
66 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 121,289121.3k $52.9m $52.9m 0.01% Added +8.7k +8,660
67 Douglas Lane & Associates, LLC 0.73% of their portfolio NEW YORK, NY 119,010119.0k $51.9m $51.9m 0.73% Reduced -1.8k -1,752
68 Baskin Financial Services Inc. 4.33% of their portfolio TORONTO, A6 118,495118.5k $51.7m $51.7m 4.33% Reduced -1.6k -1,593
69 Korea Investment CORP 0.12% of their portfolio SEOUL, M5 111,446111.4k $48.6m $48.6m 0.12% Added +27.9k +27,864
70 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.05% of their portfolio FRANKFURT AM MAIN, 2M 107,314107.3k $46.8m $46.8m 0.05% Added +43.3k +43,328
71 Susquehanna International Securities, Ltd. 18.31% of their portfolio DUBLIN, L2 105,216105.2k $45.9m $45.9m 18.31% New
72 AVIVA PLC 0.15% of their portfolio LONDON, X0 101,672101.7k $44.4m $44.4m 0.15% Added +16.3k +16,346
73 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.16% of their portfolio JUPITER, FL 97,80297.8k $42.6m $42.6m 0.16% Reduced -55.1k -55,118
74 Allianz Asset Management GmbH 0.07% of their portfolio MUNICH, 2M 94,99095.0k $41.4m $41.4m 0.07% Added +11.1k +11,121
75 Lansing Management LP 34.90% of their portfolio NEW YORK, NY 82,40282.4k $35.9m $35.9m 34.90% Reduced -18.0k -18,049
76 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 81,90481.9k $35.7m $35.7m 0.03% Added +365 +365
77 THORNBURG INVESTMENT MANAGEMENT INC 0.49% of their portfolio SANTA FE, NM 80,75480.8k $35.2m $35.2m 0.49% Reduced -35.5k -35,470
78 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 77,86477.9k $34.0m $34.0m 0.02% Added +7.3k +7,336
79 Zurcher Kantonalbank (Zurich Cantonalbank) 0.12% of their portfolio ZURICH, V8 77,77777.8k $33.9m $33.9m 0.12% Added +5.1k +5,141
80 Capital Group Private Client Services, Inc. 0.31% of their portfolio Los Angeles, CA 70,02570.0k $30.5m $30.5m 0.31% New
81 Zurich Insurance Group Ltd/FI 0.28% of their portfolio ZURICH, V8 69,57469.6k $30.3m $30.3m 0.28% Added +15.9k +15,946
82 SAPIENT CAPITAL LLC 0.65% of their portfolio INDIANAPOLIS, IN 67,64067.6k $29.5m $29.5m 0.65% Reduced -125 -125
83 Janney Montgomery Scott LLC 0.09% of their portfolio PHILADELPHIA, PA 66,14266.1k $28.8m $28.8m 0.09% Added +6.1k +6,109
84 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.19% of their portfolio VICTORIA, A1 62,66362.7k $27.3m $27.3m 0.19% Reduced -74.4k -74,385
85 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 62,32762.3k $27.2m $27.2m 0.03% Reduced -434 -434
86 CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio TORONTO ONTARIO, A6 62,08162.1k $27.1m $27.1m 0.03% Added +42.3k +42,290
87 Aquamarine Zurich AG 9.99% of their portfolio ZURICH, V8 60,00060.0k $26.2m $26.2m 9.99% Reduced -20.0k -20,000
88 Stony Point Capital LLC 8.11% of their portfolio NEW YORK, NY 56,65656.7k $24.7m $24.7m 8.11% Reduced -2.7k -2,663
89 Public Sector Pension Investment Board 0.16% of their portfolio MONTREAL, A8 50,03950.0k $21.8m $21.8m 0.16% Added +4.9k +4,914
90 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 49,59249.6k $21.6m $21.6m 0.01% Added +19.1k +19,138
91 Optiver Holding B.V. 0.87% of their portfolio AMSTERDAM, P7 48,13548.1k $21.0m $21.0m 0.87% New
92 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 47,48347.5k $20.7m $20.7m 0.02% Added +10.6k +10,573
93 Quadrature Capital Ltd 0.35% of their portfolio LONDON, X0 47,35047.4k $20.7m $20.7m 0.35% Reduced -28.1k -28,131
94 Bank Julius Baer & Co. Ltd, Zurich 0.07% of their portfolio ZURICH, V8 47,25947.3k $19.5m $19.5m 0.07% Reduced -1.7k -1,657
95 JUPITER ASSET MANAGEMENT LTD 0.19% of their portfolio London, X0 46,24146.2k $20.2m $20.2m 0.19% New
96 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio BOSTON, MA 38,64438.6k $16.9m $16.9m 0.02% New
97 ROYAL LONDON ASSET MANAGEMENT LTD 0.04% of their portfolio UNITED KINGDOM, X0 37,98138.0k $16.6m $16.6m 0.04% Reduced -1.8k -1,782
98 FRED ALGER MANAGEMENT, LLC 0.08% of their portfolio NEW YORK, NY 36,89236.9k $16.1m $16.1m 0.08% Reduced -28.6k -28,584
99 Dakota Wealth Management 0.40% of their portfolio PALM BEACH GARDENS, FL 36,66136.7k $16.0m $16.0m 0.40% Added +7.6k +7,612
100 GROUPAMA ASSET MANAGMENT 0.29% of their portfolio PARIS, I0 36,20536.2k $15.8m $15.8m 0.29% New