Vault-13

FERRARI N V RACE

COM · Common Stock · CUSIP N3167Y103

Dutch holding company that controls Ferrari

703 institutional holders +46 vs Q2 2024
63,739,62763.7m shares reported held*
$29.3bnreported value*
87 new 275 added 205 reduced 42 sold out net bought ≈ $2.0bn (+5.5m 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 ($20.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $459.99. Options: 27 managers hold calls ($370.1m notional), 33 hold puts ($564.7m).

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 404Q4 22: 441Q1 23: 475Q2 23: 517Q3 23: 525Q4 23: 575Q1 24: 655Q2 24: 657Q3 24: 703703Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 2022404
Q4 2022441
Q1 2023475
Q2 2023517
Q3 2023525
Q4 2023575
Q1 2024655
Q2 2024657
Q3 2024703

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 outQ1 23: 216 bought or addedQ1 23: 192 cut or sold outQ1 23Q2 23: 245 bought or addedQ2 23: 211 cut or sold outQ3 23: 247 bought or addedQ3 23: 207 cut or sold outQ3 23Q4 23: 274 bought or addedQ4 23: 214 cut or sold outQ1 24: 352 bought or addedQ1 24: 234 cut or sold outQ1 24Q2 24: 313 bought or addedQ2 24: 275 cut or sold outQ3 24: 362 bought or addedQ3 24: 247 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022192186
Q1 2023216192
Q2 2023245211
Q3 2023247207
Q4 2023274214
Q1 2024352234
Q2 2024313275
Q3 2024362247

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ4 23 calls: $318.1mQ4 23 puts: $455.0mQ4 23P/C 1.43Q1 24 calls: $547.5mQ1 24 puts: $597.8mQ1 24P/C 1.09Q2 24 calls: $358.1mQ2 24 puts: $479.6mQ2 24P/C 1.34Q3 24 calls: $370.1mQ3 24 puts: $564.7mQ3 24P/C 1.53
Numbers
QuarterCallsPutsP/C
Q4 2023$318.1m$455.0m1.43
Q1 2024$547.5m$597.8m1.09
Q2 2024$358.1m$479.6m1.34
Q3 2024$370.1m$564.7m1.53

Biggest buyers

JENNISON ASSOCIATES LLC Added +2,636,869+2.6m
Amundi Added +1,229,363+1.2m
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC Added +1,178,410+1.2m
UBS Group AG Added +333,424+333.4k
CREDIT AGRICOLE S A Added +162,375+162.4k
MORGAN STANLEY Added +159,978+160.0k
PRICE T ROWE ASSOCIATES INC /MD/ Added +127,354+127.4k
Quadrature Capital Ltd Added +105,390+105.4k
BNP PARIBAS FINANCIAL MARKETS Added +104,366+104.4k
Assenagon Asset Management S.A. Added +99,558+99.6k

Biggest sellers

AXA S.A. Reduced -642,268-642.3k
BAILLIE GIFFORD & CO Reduced -148,148-148.1k
JPMORGAN CHASE & CO Reduced -125,114-125.1k
CITIGROUP INC Reduced -120,229-120.2k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -115,373-115.4k
FMR LLC Reduced -100,635-100.6k
Pictet Asset Management Holding SA Reduced -97,784-97.8k
NORGES BANK Reduced -92,334-92.3k
Allspring Global Investments Holdings, LLC Reduced -84,670-84.7k
LORD, ABBETT & CO. LLC Reduced -79,257-79.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $62.1m132.1k shares
CITADEL ADVISORS LLC Added $51.2m109.0k shares
UBS Group AG Unchanged $35.3m75.0k shares
Optiver Holding B.V. Added $33.4m71.1k shares
BANK OF AMERICA CORP /DE/ Reduced $28.2m60.0k shares
GOLDMAN SACHS GROUP INC Reduced $27.3m58.0k shares
JPMORGAN CHASE & CO Added $24.4m51.8k shares
PEAK6 Investments LLC Added $16.5m35.1k shares
SIMPLEX TRADING, LLC Reduced $14.5m30.9k shares
D. E. Shaw & Co., Inc. New $12.3m26.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $104.4m222.0k shares
Twin Tree Management, LP New $70.3m149.5k shares
CITADEL ADVISORS LLC Reduced $55.4m117.9k shares
Optiver Holding B.V. Reduced $51.9m110.3k shares
UBS Group AG Added $45.8m97.5k shares
Eisler Capital (UK) Ltd. Added $35.4m75.7k shares
BANK OF AMERICA CORP /DE/ Reduced $26.3m56.0k shares
Jefferies Financial Group Inc. Unchanged $23.5m50.0k shares
JPMORGAN CHASE & CO Added $22.6m48.0k shares
IMC-Chicago, LLC Reduced $16.9m35.9k 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 Q3 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 Q3 2024.

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAILLIE GIFFORD & CO 2.06% of their portfolio EDINBURGH, X0 5,871,1985.9m $2.8bn $2.8bn 2.06% Reduced -148.1k -148,148
2 VANGUARD GROUP INC 0.04% of their portfolio Valley Forge, PA 4,647,4474.6m $2.2bn $2.2bn 0.04% Added +57.5k +57,457
3 JPMORGAN CHASE & CO 0.07% of their portfolio NEW YORK, NY 3,722,4603.7m $1.7bn $1.7bn 0.07% Reduced -125.1k -125,114
4 Amundi 0.62% of their portfolio Paris, I0 3,643,8773.6m $1.7bn $1.7bn 0.62% Added +1.2m +1,229,363
5 JENNISON ASSOCIATES LLC 0.85% of their portfolio NEW YORK, NY 2,926,6162.9m $1.4bn $1.4bn 0.85% Added +2.6m +2,636,869
6 BANK OF AMERICA CORP /DE/ 0.11% of their portfolio CHARLOTTE, NC 2,695,8902.7m $1.3bn $1.3bn 0.11% Added +94.7k +94,739
7 Bank of Italy 43.91% of their portfolio ROME, L6 2,275,9452.3m $1.1bn $1.1bn 43.91% Unchanged
8 NORGES BANK 0.11% of their portfolio OSLO, Q8 1,730,8021.7m $809.0m $809.0m 0.11% Reduced -92.3k -92,334
9 ALLIANCEBERNSTEIN L.P. 0.26% of their portfolio NASHVILLE, TN 1,653,7381.7m $777.4m $777.4m 0.26% Added +14.2k +14,207
10 Bank of New York Mellon Corp 0.14% of their portfolio NEW YORK, NY 1,573,7521.6m $739.8m $739.8m 0.14% Reduced -5.9k -5,875
11 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 1,563,3911.6m $735.0m $735.0m 0.05% Added +160.0k +159,978
12 BlackRock, Inc. 0.01% of their portfolio New York, NY 1,342,4561.3m $631.1m $631.1m 0.01% First filing
13 GOLDMAN SACHS GROUP INC 0.11% of their portfolio NEW YORK, NY 1,234,9751.2m $580.6m $580.6m 0.11% Reduced -64.1k -64,111
14 PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio BALTIMORE, MD 1,201,7171.2m $564.9m $564.9m 0.07% Added +127.4k +127,354
15 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio ORLANDO, FL 1,180,9161.2m $2.5k $2.5k 0.01% Added +1.2m +1,178,410
16 Capital Research Global Investors 0.11% of their portfolio Los Angeles, CA 1,108,3371.1m $519.5m $519.5m 0.11% Reduced -11.9k -11,943
17 Capital International Investors 0.10% of their portfolio Los Angeles, CA 1,094,0271.1m $513.0m $513.0m 0.10% Added +766 +766
18 FMR LLC 0.03% of their portfolio BOSTON, MA 1,049,3581.0m $491.5m $491.5m 0.03% Reduced -100.6k -100,635
19 Legal & General Group Plc 0.12% of their portfolio London, X0 1,006,5771.0m $471.5m $471.5m 0.12% Reduced -11.2k -11,221
20 Capital World Investors 0.07% of their portfolio LOS ANGELES, CA 970,756970.8k $454.7m $454.7m 0.07% Added +4.4k +4,385
21 WCM INVESTMENT MANAGEMENT, LLC 0.99% of their portfolio LAGUNA BEACH, CA 925,028925.0k $436.3m $436.3m 0.99% Reduced -11.0k -11,002
22 MARSHALL WACE, LLP 0.51% of their portfolio LONDON, X0 838,130838.1k $392.7m $392.7m 0.51% Reduced -49.0k -48,978
23 DEUTSCHE BANK AG\ 0.15% of their portfolio FRANKFURT AM MAIN, 2M 773,642773.6k $363.7m $363.7m 0.15% Added +75.5k +75,467
24 AKO CAPITAL LLP 3.97% of their portfolio LONDON, X0 649,656649.7k $304.4m $304.4m 3.97% Reduced -25.4k -25,434
25 AXA S.A. 0.88% of their portfolio PARIS, I0 635,570635.6k $298.8m $298.8m 0.88% Reduced -642.3k -642,268
26 UBS Group AG 0.08% of their portfolio ZURICH, V8 623,602623.6k $293.2m $293.2m 0.08% Added +333.4k +333,424
27 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.65% of their portfolio CHICAGO, IL 559,132559.1k $262.9m $262.9m 0.65% Added +49.6k +49,566
28 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 523,833523.8k $247.4m $247.4m 0.06% Added +29.9k +29,873
29 Clearbridge Investments, LLC 0.18% of their portfolio NEW YORK, NY 488,068488.1k $229.4m $229.4m 0.18% Added +8.9k +8,933
30 CREDIT AGRICOLE S A 1.15% of their portfolio Montrouge Cedex, I0 468,107468.1k $220.1m $220.1m 1.15% Added +162.4k +162,375
31 Pictet Asset Management Holding SA 0.24% of their portfolio CAROUGE, V8 462,513462.5k $216.7m $216.7m 0.24% Reduced -97.8k -97,784
32 Nuveen Asset Management, LLC 0.06% of their portfolio CHICAGO, IL 439,450439.4k $205.8m $205.8m 0.06% Reduced -22.4k -22,392
33 MARTIN CURRIE LTD 7.22% of their portfolio EDINBURGH, X0 417,021417.0k $203.6m $203.6m 7.22% Reduced -16.4k -16,440
34 Banco Santander, S.A. 2.21% of their portfolio Madrid, U3 398,057398.1k $187.1m $187.1m 2.21% Reduced -1.7k -1,729
35 Swiss National Bank 0.12% of their portfolio ZURICH, V8 377,857377.9k $177.2m $177.2m 0.12% Added +1.9k +1,914
36 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 354,952355.0k $166.9m $166.9m 0.03% Added +2.6k +2,628
37 TD Asset Management Inc 0.15% of their portfolio Toronto, A6 351,085351.1k $165.8m $165.8m 0.15% Reduced -6.1k -6,120
38 WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio Boston, MA 349,478349.5k $163.7m $163.7m 0.03% Reduced -3.0k -3,008
39 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 335,626335.6k $157.7m $157.7m 0.05% Added +11.3k +11,286
40 MACQUARIE GROUP LTD 0.17% of their portfolio Sydney, NSW 2000, C3 327,723327.7k $154.1m $154.1m 0.17% Reduced -18.9k -18,859
41 Invesco Ltd. 0.03% of their portfolio ATLANTA, GA 315,423315.4k $148.3m $148.3m 0.03% Added +29.2k +29,167
42 State of Tennessee, Department of Treasury 0.49% of their portfolio NASHVILLE, TN 297,586297.6k $139.4m $139.4m 0.49% Reduced -18.9k -18,864
43 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 296,909296.9k $139.6m $139.6m 0.03% Added +7.6k +7,619
44 DekaBank Deutsche Girozentrale 0.26% of their portfolio FRANKFURT, 2M 296,770296.8k $139.7m $139.7m 0.26% Reduced -20.4k -20,443
45 BARCLAYS PLC 0.06% of their portfolio LONDON, X0 286,564286.6k $134.7m $134.7m 0.06% Added +16.4k +16,428
46 MACKENZIE FINANCIAL CORP 0.17% of their portfolio TORONTO ONTARIO, A6 263,536263.5k $123.8m $123.8m 0.17% Reduced -11.1k -11,131
47 Capital International, Inc./CA/ 1.37% of their portfolio Los Angeles, CA 233,196233.2k $109.0m $109.0m 1.37% Added +13 +13
48 Quadrature Capital Ltd 2.46% of their portfolio LONDON, X0 231,279231.3k $108.4m $108.4m 2.46% Added +105.4k +105,390
49 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio NEW YORK, NY 227,638227.6k $107.0m $107.0m 0.03% Reduced -115.4k -115,373
50 BNP PARIBAS FINANCIAL MARKETS 0.10% of their portfolio PARIS, I0 220,418220.4k $103.6m $103.6m 0.10% Added +104.4k +104,366
51 SANDS CAPITAL MANAGEMENT, LLC 0.30% of their portfolio ARLINGTON, VA 208,617208.6k $98.1m $98.1m 0.30% Reduced -9.9k -9,895
52 FIL Ltd 0.09% of their portfolio HAMILTON, D0 205,646205.6k $96.1m $96.1m 0.09% Reduced -15.1k -15,058
53 TWO SIGMA ADVISERS, LP 0.20% of their portfolio NEW YORK, NY 183,000183.0k $86.0m $86.0m 0.20% Reduced -38.1k -38,100
54 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 181,539181.5k $85.6m $85.6m 0.04% Reduced -4.1k -4,100
55 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 169,476169.5k $79.7m $79.7m 0.02% Added +17.7k +17,726
56 Korea Investment CORP 0.18% of their portfolio SEOUL, M5 164,562164.6k $77.1m $77.1m 0.18% Added +9.9k +9,855
57 CIBC Private Wealth Group LLC 0.13% of their portfolio ATLANTA, GA 158,026158.0k $74.1m $74.1m 0.13% Added +1.3k +1,347
58 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.27% of their portfolio JUPITER, FL 157,153157.2k $73.9m $73.9m 0.27% Added +70.0k +70,012
59 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.18% of their portfolio TORONTO, A6 155,900155.9k $73.3m $73.3m 0.18% Added +78.4k +78,400
60 Compagnie Lombard Odier SCmA 1.13% of their portfolio 1204 GENEVA, V8 155,163155.2k $72.7m $72.7m 1.13% Added +17.8k +17,799
61 BIGLARI CAPITAL CORP. 11.08% of their portfolio San Antonio, TX 153,500153.5k $72.2m $72.2m 11.08% Unchanged
62 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 140,795140.8k $66.2m $66.2m 0.02% Added +4.2k +4,204
63 Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio CHIYODA-KU, TOKYO, M0 136,591136.6k $64.2m $64.2m 0.04% Added +2.4k +2,374
64 NATIXIS ADVISORS, LLC 0.12% of their portfolio Boston, MA 134,687134.7k $63.3m $63.3m 0.12% Added +5.1k +5,112
65 Vontobel Holding Ltd. 0.20% of their portfolio ZURICH, V8 129,978130.0k $60.8m $60.8m 0.20% Added +62.1k +62,078
66 Russell Investments Group, Ltd. 0.08% of their portfolio Seattle, WA 125,205125.2k $58.7m $58.7m 0.08% Reduced -1.8k -1,821
67 Allianz Asset Management GmbH 0.09% of their portfolio MUNICH, 2M 120,628120.6k $56.7m $56.7m 0.09% Added +18.9k +18,866
68 Ensemble Capital Management, LLC 4.76% of their portfolio San Francisco, CA 119,503119.5k $56.2m $56.2m 4.76% Reduced -21.6k -21,601
69 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.06% of their portfolio FRANKFURT AM MAIN, 2M 115,521115.5k $54.3m $54.3m 0.06% Added +26.3k +26,305
70 Douglas Lane & Associates, LLC 0.74% of their portfolio NEW YORK, NY 114,067114.1k $53.6m $53.6m 0.74% Reduced -3.2k -3,159
71 Baskin Financial Services Inc. 4.35% of their portfolio TORONTO, A6 113,081113.1k $53.2m $53.2m 4.35% Reduced -2.3k -2,275
72 Rheos Capital Works Inc. 2.74% of their portfolio Tokyo, M0 111,700111.7k $52.5m $52.5m 2.74% Added +26.0k +26,000
73 Assenagon Asset Management S.A. 0.11% of their portfolio SENNINGERBERG, N4 110,565110.6k $52.0m $52.0m 0.11% Added +99.6k +99,558
74 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 107,977108.0k $50.5m $50.5m 0.03% Added +61.5k +61,473
75 AVIVA PLC 0.13% of their portfolio LONDON, X0 105,977106.0k $49.6m $49.6m 0.13% Added +6.7k +6,689
76 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 102,190102.2k $48.0m $48.0m 0.04% Reduced -120.2k -120,229
77 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio Toronto, A6 96,77096.8k $45.4m $45.4m 0.04% Reduced -14.8k -14,800
78 Temasek Holdings (Private) Ltd 0.18% of their portfolio SINGAPORE, U0 93,17193.2k $43.8m $43.8m 0.18% New
79 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 92,85192.9k $43.5m $43.5m 0.03% Added +9.2k +9,170
80 TWO SIGMA INVESTMENTS, LP 0.10% of their portfolio NEW YORK, NY 90,92890.9k $42.7m $42.7m 0.10% Reduced -57.6k -57,625
81 Zurcher Kantonalbank (Zurich Cantonalbank) 0.12% of their portfolio ZURICH, V8 83,73783.7k $39.2m $39.2m 0.12% Added +988 +988
82 LORD, ABBETT & CO. LLC 0.12% of their portfolio JERSEY CITY, NJ 83,19183.2k $39.1m $39.1m 0.12% Reduced -79.3k -79,257
83 THORNBURG INVESTMENT MANAGEMENT INC 0.51% of their portfolio SANTA FE, NM 83,04183.0k $39.0m $39.0m 0.51% Added +3.5k +3,520
84 DNCA FINANCE 3.33% of their portfolio PARIS, I0 82,96583.0k $38.9m $38.9m 3.33% Reduced -17.2k -17,155
85 JUPITER ASSET MANAGEMENT LTD 0.33% of their portfolio London, X0 81,00081.0k $37.9m $37.9m 0.33% Added +68.9k +68,871
86 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 79,06379.1k $37.2m $37.2m 0.02% Reduced -226 -226
87 Zurich Insurance Group Ltd/FI 0.28% of their portfolio ZURICH, V8 70,52270.5k $33.0m $33.0m 0.28% Reduced -13.2k -13,207
88 Janney Montgomery Scott LLC 0.09% of their portfolio PHILADELPHIA, PA 69,25769.3k $32.6m $32.6m 0.09% Added +2.7k +2,722
89 Allspring Global Investments Holdings, LLC 0.05% of their portfolio CHARLOTTE, NC 67,63467.6k $31.8m $31.8m 0.05% Reduced -84.7k -84,670
90 SAPIENT CAPITAL LLC 0.63% of their portfolio INDIANAPOLIS, IN 66,66966.7k $31.2m $31.2m 0.63% Reduced -603 -603
91 Capital Group Private Client Services, Inc. 0.29% of their portfolio Los Angeles, CA 65,61165.6k $30.7m $30.7m 0.29% Reduced -2.2k -2,224
92 Lansing Management LP 22.05% of their portfolio NEW YORK, NY 65,53865.5k $30.8m $30.8m 22.05% Reduced -2.8k -2,810
93 Public Sector Pension Investment Board 0.17% of their portfolio MONTREAL, A8 65,36565.4k $30.6m $30.6m 0.17% Added +12.4k +12,411
94 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.13% of their portfolio COLUMBUS, OH 63,94563.9k $30.0m $30.0m 0.13% New
95 Aquamarine Zurich AG 9.82% of their portfolio ZURICH, V8 60,00060.0k $28.0m $28.0m 9.82% Unchanged
96 GILDER GAGNON HOWE & CO LLC 0.33% of their portfolio New York, NY 58,69758.7k $27.6m $27.6m 0.33% New
97 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 57,85957.9k $27.2m $27.2m 0.03% Added +187 +187
98 GROUPAMA ASSET MANAGMENT 0.54% of their portfolio PARIS, I0 54,85854.9k $20.6m $20.6m 0.54% Added +6.2k +6,169
99 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 52,24552.2k $24.6m $24.6m 0.04% Added +10.0k +10,005
100 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 50,94050.9k $23.9m $23.9m 0.01% Added +693 +693