Vault-13

FERRARI N V RACE

COM · Common Stock · CUSIP N3167Y103

Dutch holding company that controls Ferrari

717 institutional holders +14 vs Q3 2024
61,628,08261.6m shares reported held*
$26.3bnreported value*
54 new 242 added 242 reduced 77 sold out net sold ≈ $530.3m (-2.4m 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 ($17.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $426.39. Options: 26 managers hold calls ($324.9m notional), 26 hold puts ($477.0m).

Trends to Q4 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: 703Q4 24: 717717Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022404
Q4 2022441
Q1 2023475
Q2 2023517
Q3 2023525
Q4 2023575
Q1 2024655
Q2 2024657
Q3 2024703
Q4 2024717

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 23: 216 bought or addedQ1 23: 192 cut or sold outQ2 23: 245 bought or addedQ2 23: 211 cut or sold outQ2 23Q3 23: 247 bought or addedQ3 23: 207 cut or sold outQ4 23: 274 bought or addedQ4 23: 214 cut or sold outQ4 23Q1 24: 352 bought or addedQ1 24: 234 cut or sold outQ2 24: 313 bought or addedQ2 24: 275 cut or sold outQ2 24Q3 24: 362 bought or addedQ3 24: 247 cut or sold outQ4 24: 296 bought or addedQ4 24: 319 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023216192
Q2 2023245211
Q3 2023247207
Q4 2023274214
Q1 2024352234
Q2 2024313275
Q3 2024362247
Q4 2024296319

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ1 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 1.53Q4 24 calls: $324.9mQ4 24 puts: $477.0mQ4 24P/C 1.47
Numbers
QuarterCallsPutsP/C
Q1 2024$547.5m$597.8m1.09
Q2 2024$358.1m$479.6m1.34
Q3 2024$370.1m$564.7m1.53
Q4 2024$324.9m$477.0m1.47

Biggest buyers

PRICE T ROWE ASSOCIATES INC /MD/ Added +594,547+594.5k
BARCLAYS PLC Added +567,407+567.4k
MARSHALL WACE, LLP Added +520,337+520.3k
Qube Research & Technologies Ltd Added +445,221+445.2k
MACKENZIE FINANCIAL CORP Added +404,825+404.8k
UBS Group AG Added +228,053+228.1k
GOLDMAN SACHS GROUP INC Added +215,553+215.6k
Bank Julius Baer & Co. Ltd, Zurich Added +192,694+192.7k
Corient Private Wealth LP Added +122,690+122.7k
BANK OF AMERICA CORP /DE/ Added +120,596+120.6k

Biggest sellers

JPMORGAN CHASE & CO Reduced -2,196,168-2.2m
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC Reduced -1,178,239-1.2m
Amundi Reduced -712,510-712.5k
BAILLIE GIFFORD & CO Reduced -347,284-347.3k
JENNISON ASSOCIATES LLC Reduced -234,809-234.8k
Capital World Investors Reduced -218,462-218.5k
MORGAN STANLEY Reduced -173,156-173.2k
Capital Research Global Investors Reduced -162,674-162.7k
Invesco Ltd. Reduced -144,888-144.9k
WCM INVESTMENT MANAGEMENT, LLC Reduced -134,423-134.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $65.7m154.7k shares
CITADEL ADVISORS LLC Reduced $42.5m100.1k shares
Optiver Holding B.V. Added $30.7m72.3k shares
BANK OF AMERICA CORP /DE/ Reduced $22.7m53.5k shares
GOLDMAN SACHS GROUP INC Reduced $19.1m45.0k shares
Twin Tree Management, LP New $17.7m41.6k shares
D. E. Shaw & Co., Inc. Added $15.2m35.8k shares
IMC-Chicago, LLC Added $14.6m34.3k shares
JANE STREET GROUP, LLC Added $14.3m33.6k shares
UBS Group AG Reduced $14.0m33.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $92.6m218.0k shares
CITADEL ADVISORS LLC Added $86.8m204.3k shares
Optiver Holding B.V. Added $66.3m156.0k shares
Twin Tree Management, LP Reduced $54.5m128.3k shares
UBS Group AG Reduced $22.3m52.5k shares
Eisler Capital Management Ltd. First filing $18.3m43.0k shares
SIMPLEX TRADING, LLC Added $17.1m40.3k shares
IMC-Chicago, LLC Added $17.1m40.2k shares
SIH Partners, LLLP New $16.0m37.6k shares
JANE STREET GROUP, LLC Added $14.9m35.0k 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 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 Q4 2024.

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAILLIE GIFFORD & CO 1.81% of their portfolio EDINBURGH, X0 5,523,9145.5m $2.4bn $2.4bn 1.81% Reduced -347.3k -347,284
2 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 4,693,2014.7m $2.0bn $2.0bn 0.03% Added +45.8k +45,754
3 Amundi 0.44% of their portfolio Paris, I0 2,931,3672.9m $1.3bn $1.3bn 0.44% Reduced -712.5k -712,510
4 BANK OF AMERICA CORP /DE/ 0.11% of their portfolio CHARLOTTE, NC 2,816,4862.8m $1.2bn $1.2bn 0.11% Added +120.6k +120,596
5 JENNISON ASSOCIATES LLC 0.70% of their portfolio NEW YORK, NY 2,691,8072.7m $1.1bn $1.1bn 0.70% Reduced -234.8k -234,809
6 Bank of Italy 49.80% of their portfolio ROME, L6 2,339,6202.3m $1.0bn $1.0bn 49.80% Added +63.7k +63,675
7 PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio BALTIMORE, MD 1,796,2641.8m $763.1m $763.1m 0.09% Added +594.5k +594,547
8 ALLIANCEBERNSTEIN L.P. 0.24% of their portfolio NASHVILLE, TN 1,635,3921.6m $694.8m $694.8m 0.24% Reduced -18.3k -18,346
9 NORGES BANK 0.09% of their portfolio OSLO, Q8 1,633,5441.6m $697.2m $697.2m 0.09% Reduced -97.3k -97,258
10 Bank of New York Mellon Corp 0.13% of their portfolio NEW YORK, NY 1,612,1081.6m $684.9m $684.9m 0.13% Added +38.4k +38,356
11 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 1,526,2921.5m $648.4m $648.4m 0.05% Reduced -2.2m -2,196,168
12 GOLDMAN SACHS GROUP INC 0.12% of their portfolio NEW YORK, NY 1,450,5281.5m $616.2m $616.2m 0.12% Added +215.6k +215,553
13 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 1,390,2351.4m $590.6m $590.6m 0.04% Reduced -173.2k -173,156
14 MARSHALL WACE, LLP 0.73% of their portfolio LONDON, X0 1,358,4671.4m $579.6m $579.6m 0.73% Added +520.3k +520,337
15 BlackRock, Inc. 0.01% of their portfolio New York, NY 1,256,0541.3m $533.6m $533.6m 0.01% Reduced -86.4k -86,402
16 Capital International Investors 0.09% of their portfolio Los Angeles, CA 1,108,4901.1m $475.2m $475.2m 0.09% Added +14.5k +14,463
17 FMR LLC 0.03% of their portfolio BOSTON, MA 1,012,6061.0m $431.6m $431.6m 0.03% Reduced -36.8k -36,752
18 Legal & General Group Plc 0.11% of their portfolio London, X0 970,830970.8k $414.5m $414.5m 0.11% Reduced -35.7k -35,747
19 Capital Research Global Investors 0.08% of their portfolio Los Angeles, CA 945,663945.7k $404.6m $404.6m 0.08% Reduced -162.7k -162,674
20 BARCLAYS PLC 0.18% of their portfolio LONDON, X0 853,971854.0k $362.8m $362.8m 0.18% Added +567.4k +567,407
21 UBS Group AG 0.08% of their portfolio ZURICH, V8 851,655851.7k $361.8m $361.8m 0.08% Added +228.1k +228,053
22 DEUTSCHE BANK AG\ 0.14% of their portfolio FRANKFURT AM MAIN, 2M 816,592816.6k $346.9m $346.9m 0.14% Added +43.0k +42,950
23 WCM INVESTMENT MANAGEMENT, LLC 0.79% of their portfolio LAGUNA BEACH, CA 790,605790.6k $337.4m $337.4m 0.79% Reduced -134.4k -134,423
24 Capital World Investors 0.05% of their portfolio LOS ANGELES, CA 752,294752.3k $322.8m $322.8m 0.05% Reduced -218.5k -218,462
25 MACKENZIE FINANCIAL CORP 0.13% of their portfolio TORONTO ONTARIO, A6 668,361668.4k $281.6m $281.6m 0.13% Added +404.8k +404,825
26 AKO CAPITAL LLP 3.65% of their portfolio LONDON, X0 619,722619.7k $264.1m $264.1m 3.65% Reduced -29.9k -29,934
27 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.62% of their portfolio CHICAGO, IL 594,657594.7k $252.6m $252.6m 0.62% Added +35.5k +35,525
28 AXA S.A. 0.76% of their portfolio PARIS, I0 588,662588.7k $250.1m $250.1m 0.76% Reduced -46.9k -46,908
29 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 533,533533.5k $226.4m $226.4m 0.06% Added +9.7k +9,700
30 Qube Research & Technologies Ltd 0.35% of their portfolio LONDON, X0 497,466497.5k $212.3m $212.3m 0.35% Added +445.2k +445,221
31 CREDIT AGRICOLE S A 0.71% of their portfolio Montrouge Cedex, I0 493,617493.6k $209.7m $209.7m 0.71% Added +25.5k +25,510
32 Clearbridge Investments, LLC 0.16% of their portfolio NEW YORK, NY 459,651459.7k $195.3m $195.3m 0.16% Reduced -28.4k -28,417
33 Nuveen Asset Management, LLC 0.06% of their portfolio CHICAGO, IL 458,027458.0k $195.6m $195.6m 0.06% Added +18.6k +18,577
34 Pictet Asset Management Holding SA 0.21% of their portfolio CAROUGE, V8 457,693457.7k $195.4m $195.4m 0.21% Reduced -4.8k -4,820
35 Banco Santander, S.A. 2.12% of their portfolio Madrid, U3 414,720414.7k $176.2m $176.2m 2.12% Added +16.7k +16,663
36 Swiss National Bank 0.11% of their portfolio ZURICH, V8 370,257370.3k $158.5m $158.5m 0.11% Reduced -7.6k -7,600
37 MARTIN CURRIE LTD 5.73% of their portfolio EDINBURGH, X0 365,579365.6k $155.9m $155.9m 5.73% Reduced -51.4k -51,442
38 TD Asset Management Inc 0.13% of their portfolio Toronto, A6 349,494349.5k $148.6m $148.6m 0.13% Reduced -1.6k -1,591
39 Quadrature Capital Ltd 2.90% of their portfolio LONDON, X0 336,409336.4k $144.7m $144.7m 2.90% Added +105.1k +105,130
40 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 320,090320.1k $136.0m $136.0m 0.02% Reduced -34.9k -34,862
41 MACQUARIE GROUP LTD 0.16% of their portfolio Sydney, NSW 2000, C3 316,644316.6k $134.5m $134.5m 0.16% Reduced -11.1k -11,079
42 WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio Boston, MA 301,997302.0k $129.0m $129.0m 0.02% Reduced -47.5k -47,481
43 DekaBank Deutsche Girozentrale 0.24% of their portfolio FRANKFURT, 2M 296,770296.8k $127.7m $127.7m 0.24% Unchanged
44 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 292,190292.2k $124.3m $124.3m 0.04% Reduced -43.4k -43,436
45 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 282,477282.5k $120.0m $120.0m 0.03% Reduced -14.4k -14,432
46 State of Tennessee, Department of Treasury 0.42% of their portfolio NASHVILLE, TN 267,797267.8k $114.4m $114.4m 0.42% Reduced -29.8k -29,789
47 SANDS CAPITAL MANAGEMENT, LLC 0.31% of their portfolio ARLINGTON, VA 248,314248.3k $105.5m $105.5m 0.31% Added +39.7k +39,697
48 Bank Julius Baer & Co. Ltd, Zurich 0.33% of their portfolio ZURICH, V8 243,306243.3k $107.8m $107.8m 0.33% Added +192.7k +192,694
49 FIL Ltd 0.09% of their portfolio HAMILTON, D0 226,132226.1k $96.6m $96.6m 0.09% Added +20.5k +20,486
50 Capital International, Inc./CA/ 1.11% of their portfolio Los Angeles, CA 220,624220.6k $94.3m $94.3m 1.11% Reduced -12.6k -12,572
51 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 204,025204.0k $86.7m $86.7m 0.04% Added +22.5k +22,486
52 Compagnie Lombard Odier SCmA 1.15% of their portfolio 1204 GENEVA, V8 182,953183.0k $78.1m $78.1m 1.15% Added +27.8k +27,790
53 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 176,138176.1k $74.8m $74.8m 0.02% Added +6.7k +6,662
54 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 170,740170.7k $72.5m $72.5m 0.02% Reduced -56.9k -56,898
55 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 170,535170.5k $72.5m $72.5m 0.01% Reduced -144.9k -144,888
56 Balyasny Asset Management L.P. 0.16% of their portfolio Chicago, IL 164,235164.2k $69.8m $69.8m 0.16% Added +119.9k +119,911
57 CIBC Private Wealth Group LLC 0.13% of their portfolio ATLANTA, GA 163,787163.8k $71.0m $71.0m 0.13% Added +5.8k +5,761
58 Korea Investment CORP 0.16% of their portfolio SEOUL, M5 155,038155.0k $66.2m $66.2m 0.16% Reduced -9.5k -9,524
59 BIGLARI CAPITAL CORP. 7.78% of their portfolio San Antonio, TX 153,500153.5k $65.2m $65.2m 7.78% Unchanged
60 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 146,289146.3k $62.1m $62.1m 0.01% Added +5.5k +5,494
61 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.07% of their portfolio FRANKFURT AM MAIN, 2M 146,013146.0k $62.0m $62.0m 0.07% Added +30.5k +30,492
62 TWO SIGMA ADVISERS, LP 0.14% of their portfolio NEW YORK, NY 145,400145.4k $61.8m $61.8m 0.14% Reduced -37.6k -37,600
63 Rheos Capital Works Inc. 3.34% of their portfolio Tokyo, M0 141,700141.7k $60.2m $60.2m 3.34% Added +30.0k +30,000
64 Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio CHIYODA-KU, TOKYO, M0 141,473141.5k $60.1m $60.1m 0.04% Added +4.9k +4,882
65 Corient Private Wealth LP 0.09% of their portfolio MIAMI, FL 132,694132.7k $56.2m $56.2m 0.09% Added +122.7k +122,690
66 Russell Investments Group, Ltd. 0.08% of their portfolio Seattle, WA 128,482128.5k $54.8m $54.8m 0.08% Added +3.3k +3,277
67 NATIXIS ADVISORS, LLC 0.10% of their portfolio Boston, MA 123,474123.5k $52.5m $52.5m 0.10% Reduced -11.2k -11,213
68 Allianz Asset Management GmbH 0.08% of their portfolio MUNICH, 2M 122,568122.6k $52.1m $52.1m 0.08% Added +1.9k +1,940
69 Baskin Financial Services Inc. 3.77% of their portfolio TORONTO, A6 111,713111.7k $47.5m $47.5m 3.77% Reduced -1.4k -1,368
70 Douglas Lane & Associates, LLC 0.67% of their portfolio NEW YORK, NY 111,033111.0k $47.2m $47.2m 0.67% Reduced -3.0k -3,034
71 Groupe des Assurances du Credit Mutuel 12.37% of their portfolio STRASBOURG, I0 110,500110.5k $46.9m $46.9m 12.37% First filing
72 Artisan Partners Limited Partnership 0.07% of their portfolio Milwaukee, WI 110,414110.4k $46.9m $46.9m 0.07% New
73 JUPITER ASSET MANAGEMENT LTD 0.46% of their portfolio London, X0 109,827109.8k $46.9m $46.9m 0.46% Added +28.8k +28,827
74 AVIVA PLC 0.12% of their portfolio LONDON, X0 108,139108.1k $46.2m $46.2m 0.12% Added +2.2k +2,162
75 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 105,770105.8k $44.9m $44.9m 0.04% Added +3.6k +3,580
76 One Madison Group LLC 5.11% of their portfolio NEW YORK, NY 105,000105.0k $44.6m $44.6m 5.11% First filing
77 DNCA FINANCE 3.35% of their portfolio PARIS, I0 100,731100.7k $43.0m $43.0m 3.35% Added +17.8k +17,766
78 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio Toronto, A6 99,52799.5k $42.5m $42.5m 0.04% Added +2.8k +2,757
79 Assenagon Asset Management S.A. 0.07% of their portfolio SENNINGERBERG, N4 95,68495.7k $40.7m $40.7m 0.07% Reduced -14.9k -14,881
80 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 93,79993.8k $39.8m $39.8m 0.03% Reduced -126.6k -126,619
81 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 91,35691.4k $38.9m $38.9m 0.02% Added +12.3k +12,293
82 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 91,16091.2k $38.7m $38.7m 0.04% Added +78.9k +78,869
83 Vontobel Holding Ltd. 0.13% of their portfolio ZURICH, V8 89,60389.6k $38.2m $38.2m 0.13% Reduced -40.4k -40,375
84 Lansforsakringar Fondforvaltning AB (publ) 0.14% of their portfolio Stockholm, V7 85,63485.6k $36.6m $36.6m 0.14% First filing
85 THORNBURG INVESTMENT MANAGEMENT INC 0.48% of their portfolio SANTA FE, NM 84,96085.0k $36.1m $36.1m 0.48% Added +1.9k +1,919
86 Janney Montgomery Scott LLC 0.10% of their portfolio PHILADELPHIA, PA 84,92584.9k $36.1m $36.1m 0.10% Added +15.7k +15,668
87 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 83,83483.8k $35.8m $35.8m 0.03% Reduced -9.0k -9,017
88 Zurcher Kantonalbank (Zurich Cantonalbank) 0.10% of their portfolio ZURICH, V8 83,47083.5k $35.6m $35.6m 0.10% Reduced -267 -267
89 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio JUPITER, FL 79,80279.8k $33.9m $33.9m 0.12% Reduced -77.4k -77,351
90 Zurich Insurance Group Ltd/FI 0.28% of their portfolio ZURICH, V8 79,79679.8k $34.0m $34.0m 0.28% Added +9.3k +9,274
91 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.07% of their portfolio TORONTO, A6 75,90075.9k $32.2m $32.2m 0.07% Reduced -80.0k -80,000
92 GILDER GAGNON HOWE & CO LLC 0.33% of their portfolio New York, NY 72,32372.3k $30.7m $30.7m 0.33% Added +13.6k +13,626
93 SAPIENT CAPITAL LLC 0.55% of their portfolio INDIANAPOLIS, IN 67,32267.3k $28.7m $28.7m 0.55% Added +653 +653
94 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 65,09965.1k $27.7m $27.7m 0.01% First filing
95 Capital Group Private Client Services, Inc. 0.25% of their portfolio Los Angeles, CA 63,91563.9k $27.3m $27.3m 0.25% Reduced -1.7k -1,696
96 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.09% of their portfolio COLUMBUS, OH 63,67163.7k $27.2m $27.2m 0.09% Reduced -274 -274
97 Public Sector Pension Investment Board 0.11% of their portfolio MONTREAL, A8 63,25063.2k $27.0m $27.0m 0.11% Reduced -2.1k -2,115
98 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 62,15262.2k $26.4m $26.4m 0.04% Added +29.8k +29,835
99 Lansing Management LP 23.22% of their portfolio NEW YORK, NY 62,04862.0k $26.4m $26.4m 23.22% Reduced -3.5k -3,490
100 Aquamarine Zurich AG 8.60% of their portfolio ZURICH, V8 60,00060.0k $24.7m $24.7m 8.60% Unchanged