Vault-13

FERRARI N V RACE

COM · Common Stock · CUSIP N3167Y103

Dutch holding company that controls Ferrari

750 institutional holders +33 vs Q4 2024
64,933,41064.9m shares reported held*
$28.0bnreported value*
93 new 277 added 227 reduced 65 sold out net bought ≈ $1.4bn (+3.3m 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 ($52.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $431.40. Options: 30 managers hold calls ($399.4m notional), 32 hold puts ($600.9m).

Trends to Q1 2025

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: 717Q1 25: 750750Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022404
Q4 2022441
Q1 2023475
Q2 2023517
Q3 2023525
Q4 2023575
Q1 2024655
Q2 2024657
Q3 2024703
Q4 2024717
Q1 2025750

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 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 24Q4 24: 296 bought or addedQ4 24: 319 cut or sold outQ1 25: 370 bought or addedQ1 25: 292 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023245211
Q3 2023247207
Q4 2023274214
Q1 2024352234
Q2 2024313275
Q3 2024362247
Q4 2024296319
Q1 2025370292

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ2 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 1.47Q1 25 calls: $399.4mQ1 25 puts: $600.9mQ1 25P/C 1.50
Numbers
QuarterCallsPutsP/C
Q2 2024$358.1m$479.6m1.34
Q3 2024$370.1m$564.7m1.53
Q4 2024$324.9m$477.0m1.47
Q1 2025$399.4m$600.9m1.50

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +758,271+758.3k
GOLDMAN SACHS GROUP INC Added +729,087+729.1k
Groupe la Francaise New +561,054+561.1k
JPMORGAN CHASE & CO Added +503,968+504.0k
Capital World Investors Added +420,335+420.3k
VANGUARD GROUP INC Added +377,929+377.9k
NORGES BANK Added +318,383+318.4k
UBS Group AG Added +312,883+312.9k
Qube Research & Technologies Ltd Added +252,432+252.4k
Point72 Asset Management, L.P. New +213,839+213.8k

Biggest sellers

JENNISON ASSOCIATES LLC Reduced -1,003,904-1.0m
BAILLIE GIFFORD & CO Reduced -900,451-900.5k
MACKENZIE FINANCIAL CORP Reduced -454,025-454.0k
Quadrature Capital Ltd Sold out -336,409-336.4k
BARCLAYS PLC Reduced -301,717-301.7k
MARSHALL WACE, LLP Reduced -229,869-229.9k
WELLINGTON MANAGEMENT GROUP LLP Reduced -228,016-228.0k
Sumitomo Mitsui Trust Group, Inc. Sold out -141,473-141.5k
Amundi Reduced -125,515-125.5k
BlackRock, Inc. Reduced -109,104-109.1k

Biggest calls

Optiver Holding B.V. Added $66.1m154.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $53.5m125.0k shares
JANE STREET GROUP, LLC Added $35.1m82.0k shares
CITADEL ADVISORS LLC Reduced $32.0m74.9k shares
SIH Partners, LLLP Added $28.6m66.8k shares
UBS Group AG Added $22.5m52.7k shares
GOLDMAN SACHS GROUP INC Added $22.2m52.0k shares
BANK OF AMERICA CORP /DE/ Reduced $20.8m48.5k shares
IMC-Chicago, LLC Added $19.4m45.4k shares
D. E. Shaw & Co., Inc. Reduced $15.1m35.3k shares

Biggest puts

SIH Partners, LLLP Added $100.5m234.8k shares
Optiver Holding B.V. Added $77.8m181.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $68.0m159.0k shares
JANE STREET GROUP, LLC Added $43.1m100.7k shares
UBS Group AG Added $31.0m72.5k shares
CITADEL ADVISORS LLC Reduced $29.2m68.3k shares
Eisler Capital Management Ltd. Added $26.8m63.0k shares
Twin Tree Management, LP Reduced $24.9m58.2k shares
ROYAL BANK OF CANADA New $24.7m57.8k shares
JPMORGAN CHASE & CO Added $24.6m57.5k 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 2025

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 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.04% of their portfolio Valley Forge, PA 5,071,1305.1m $2.2bn $2.2bn 0.04% Added +377.9k +377,929
2 BAILLIE GIFFORD & CO 1.71% of their portfolio EDINBURGH, X0 4,623,4634.6m $2.0bn $2.0bn 1.71% Reduced -900.5k -900,451
3 BANK OF AMERICA CORP /DE/ 0.14% of their portfolio CHARLOTTE, NC 3,574,7573.6m $1.5bn $1.5bn 0.14% Added +758.3k +758,271
4 Amundi 0.44% of their portfolio Paris, I0 2,805,8522.8m $1.2bn $1.2bn 0.44% Reduced -125.5k -125,515
5 Bank of Italy 53.93% of their portfolio ROME, L6 2,407,2712.4m $1.0bn $1.0bn 53.93% Added +67.7k +67,651
6 GOLDMAN SACHS GROUP INC 0.18% of their portfolio NEW YORK, NY 2,179,6152.2m $932.6m $932.6m 0.18% Added +729.1k +729,087
7 JPMORGAN CHASE & CO 0.07% of their portfolio NEW YORK, NY 2,030,2602.0m $868.7m $868.7m 0.07% Added +504.0k +503,968
8 NORGES BANK 0.12% of their portfolio OSLO, Q8 1,951,9272.0m $828.5m $828.5m 0.12% Added +318.4k +318,383
9 PRICE T ROWE ASSOCIATES INC /MD/ 0.10% of their portfolio BALTIMORE, MD 1,822,1471.8m $779.7m $779.7m 0.10% Added +25.9k +25,883
10 ALLIANCEBERNSTEIN L.P. 0.27% of their portfolio NASHVILLE, TN 1,767,3371.8m $756.2m $756.2m 0.27% Added +131.9k +131,945
11 JENNISON ASSOCIATES LLC 0.50% of their portfolio NEW YORK, NY 1,687,9031.7m $716.8m $716.8m 0.50% Reduced -1.0m -1,003,904
12 Bank of New York Mellon Corp 0.14% of their portfolio NEW YORK, NY 1,644,4151.6m $703.6m $703.6m 0.14% Added +32.3k +32,307
13 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 1,491,6161.5m $638.2m $638.2m 0.05% Added +101.4k +101,381
14 Capital International Investors 0.11% of their portfolio Los Angeles, CA 1,317,0351.3m $562.3m $562.3m 0.11% Added +208.5k +208,545
15 Capital World Investors 0.08% of their portfolio LOS ANGELES, CA 1,172,6291.2m $500.2m $500.2m 0.08% Added +420.3k +420,335
16 UBS Group AG 0.11% of their portfolio ZURICH, V8 1,164,5381.2m $498.3m $498.3m 0.11% Added +312.9k +312,883
17 BlackRock, Inc. 0.01% of their portfolio New York, NY 1,146,9501.1m $490.8m $490.8m 0.01% Reduced -109.1k -109,104
18 MARSHALL WACE, LLP 0.64% of their portfolio LONDON, X0 1,128,5981.1m $479.2m $479.2m 0.64% Reduced -229.9k -229,869
19 FMR LLC 0.03% of their portfolio BOSTON, MA 999,412999.4k $425.3m $425.3m 0.03% Reduced -13.2k -13,194
20 Legal & General Group Plc 0.11% of their portfolio London, X0 971,008971.0k $411.6m $411.6m 0.11% Added +178 +178
21 Capital Research Global Investors 0.08% of their portfolio Los Angeles, CA 913,974914.0k $390.0m $390.0m 0.08% Reduced -31.7k -31,689
22 DEUTSCHE BANK AG\ 0.15% of their portfolio FRANKFURT AM MAIN, 2M 884,812884.8k $378.6m $378.6m 0.15% Added +68.2k +68,220
23 WCM INVESTMENT MANAGEMENT, LLC 0.83% of their portfolio LAGUNA BEACH, CA 750,504750.5k $322.5m $322.5m 0.83% Reduced -40.1k -40,101
24 Qube Research & Technologies Ltd 0.49% of their portfolio LONDON, X0 749,898749.9k $318.7m $318.7m 0.49% Added +252.4k +252,432
25 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.72% of their portfolio CHICAGO, IL 603,138603.1k $258.1m $258.1m 0.72% Added +8.5k +8,481
26 AKO CAPITAL LLP 3.23% of their portfolio LONDON, X0 585,118585.1k $248.7m $248.7m 3.23% Reduced -34.6k -34,604
27 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 562,207562.2k $240.6m $240.6m 0.06% Added +28.7k +28,674
28 Groupe la Francaise 5.09% of their portfolio PARIS, I0 561,054561.1k $238.8m $238.8m 5.09% New
29 Banco Santander, S.A. 2.65% of their portfolio Madrid, U3 560,999561.0k $240.0m $240.0m 2.65% Added +146.3k +146,279
30 BARCLAYS PLC 0.11% of their portfolio LONDON, X0 552,254552.3k $236.3m $236.3m 0.11% Reduced -301.7k -301,717
31 Nuveen, LLC 0.07% of their portfolio CHARLOTTE, NC 550,443550.4k $233.2m $233.2m 0.07% First filing
32 AXA S.A. 0.76% of their portfolio PARIS, I0 540,572540.6k $231.3m $231.3m 0.76% Reduced -48.1k -48,090
33 CREDIT AGRICOLE S A 0.86% of their portfolio Montrouge Cedex, I0 534,333534.3k $228.6m $228.6m 0.86% Added +40.7k +40,716
34 Pictet Asset Management Holding SA 0.21% of their portfolio CAROUGE, V8 453,861453.9k $192.3m $192.3m 0.21% Reduced -3.8k -3,832
35 Clearbridge Investments, LLC 0.17% of their portfolio NEW YORK, NY 449,781449.8k $192.5m $192.5m 0.17% Reduced -9.9k -9,870
36 TD Asset Management Inc 0.16% of their portfolio Toronto, A6 411,416411.4k $175.7m $175.7m 0.16% Added +61.9k +61,922
37 MARTIN CURRIE LTD 6.72% of their portfolio EDINBURGH, X0 390,093390.1k $166.7m $166.7m 6.72% Added +24.5k +24,514
38 Swiss National Bank 0.11% of their portfolio ZURICH, V8 366,763366.8k $155.5m $155.5m 0.11% Reduced -3.5k -3,494
39 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 350,905350.9k $150.1m $150.1m 0.02% Added +30.8k +30,815
40 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 337,859337.9k $144.6m $144.6m 0.03% Added +55.4k +55,382
41 MACQUARIE GROUP LTD 0.17% of their portfolio Sydney, NSW 2000, C3 329,151329.2k $140.5m $140.5m 0.17% Added +12.5k +12,507
42 FIL Ltd 0.13% of their portfolio HAMILTON, D0 315,319315.3k $133.9m $133.9m 0.13% Added +89.2k +89,187
43 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 303,869303.9k $130.0m $130.0m 0.02% Added +133.3k +133,334
44 DekaBank Deutsche Girozentrale 0.24% of their portfolio FRANKFURT, 2M 295,571295.6k $125.0m $125.0m 0.24% Reduced -1.2k -1,199
45 State of Tennessee, Department of Treasury 0.48% of their portfolio NASHVILLE, TN 292,989293.0k $124.1m $124.1m 0.48% Added +25.2k +25,192
46 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 281,811281.8k $120.4m $120.4m 0.04% Reduced -10.4k -10,379
47 CITIGROUP INC 0.09% of their portfolio NEW YORK, NY 269,862269.9k $115.5m $115.5m 0.09% Added +164.1k +164,092
48 Bank Julius Baer & Co. Ltd, Zurich 0.35% of their portfolio ZURICH, V8 252,183252.2k $106.8m $106.8m 0.35% Added +8.9k +8,877
49 SANDS CAPITAL MANAGEMENT, LLC 0.36% of their portfolio ARLINGTON, VA 246,069246.1k $105.3m $105.3m 0.36% Reduced -2.2k -2,245
50 Balyasny Asset Management L.P. 0.25% of their portfolio Chicago, IL 234,251234.3k $100.2m $100.2m 0.25% Added +70.0k +70,016
51 Capital International, Inc./CA/ 1.17% of their portfolio Los Angeles, CA 227,677227.7k $96.7m $96.7m 1.17% Added +7.1k +7,053
52 MACKENZIE FINANCIAL CORP 0.13% of their portfolio TORONTO ONTARIO, A6 214,336214.3k $91.7m $91.7m 0.13% Reduced -454.0k -454,025
53 Point72 Asset Management, L.P. 0.26% of their portfolio STAMFORD, CT 213,839213.8k $91.5m $91.5m 0.26% New
54 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 212,049212.0k $90.7m $90.7m 0.05% Added +8.0k +8,024
55 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 204,353204.4k $87.4m $87.4m 0.02% Added +33.6k +33,613
56 TWO SIGMA ADVISERS, LP 0.19% of their portfolio NEW YORK, NY 200,400200.4k $85.7m $85.7m 0.19% Added +55.0k +55,000
57 Ilex Capital Partners (UK) LLP 3.37% of their portfolio London, X0 194,474194.5k $82.4m $82.4m 3.37% New
58 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.09% of their portfolio FRANKFURT AM MAIN, 2M 191,884191.9k $81.4m $81.4m 0.09% Added +45.9k +45,871
59 CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio TORONTO ONTARIO, A6 186,832186.8k $79.3m $79.3m 0.08% Added +145.5k +145,452
60 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 183,606183.6k $78.6m $78.6m 0.02% Added +7.5k +7,468
61 HSBC HOLDINGS PLC 0.05% of their portfolio LONDON, X0 177,923177.9k $75.3m $75.3m 0.05% Added +126.4k +126,358
62 CIBC Private Wealth Group LLC 0.14% of their portfolio ATLANTA, GA 167,977168.0k $67.9m $67.9m 0.14% Added +4.2k +4,190
63 Compagnie Lombard Odier SCmA 0.87% of their portfolio 1204 GENEVA, V8 167,573167.6k $71.0m $71.0m 0.87% Reduced -15.4k -15,380
64 BIGLARI CAPITAL CORP. 9.26% of their portfolio San Antonio, TX 153,500153.5k $65.7m $65.7m 9.26% Unchanged
65 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 153,177153.2k $65.5m $65.5m 0.02% Added +6.9k +6,888
66 TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio NEW YORK, NY 144,700144.7k $61.9m $61.9m 0.13% Added +92.4k +92,393
67 Korea Investment CORP 0.15% of their portfolio SEOUL, M5 142,978143.0k $60.6m $60.6m 0.15% Reduced -12.1k -12,060
68 Russell Investments Group, Ltd. 0.08% of their portfolio Seattle, WA 142,716142.7k $60.6m $60.6m 0.08% Added +14.2k +14,234
69 Rheos Capital Works Inc. 4.94% of their portfolio Tokyo, M0 141,700141.7k $60.6m $60.6m 4.94% Unchanged
70 AVIVA PLC 0.14% of their portfolio LONDON, X0 140,267140.3k $59.4m $59.4m 0.14% Added +32.1k +32,128
71 Groupe des Assurances du Credit Mutuel 17.05% of their portfolio STRASBOURG, I0 139,000139.0k $59.5m $59.5m 17.05% Added +28.5k +28,500
72 VIKING GLOBAL INVESTORS LP 0.18% of their portfolio STAMFORD, CT 135,397135.4k $57.4m $57.4m 0.18% New
73 DNCA FINANCE 4.65% of their portfolio PARIS, I0 132,107132.1k $56.0m $56.0m 4.65% Added +31.4k +31,376
74 Allianz Asset Management GmbH 0.08% of their portfolio MUNICH, 2M 124,288124.3k $53.2m $53.2m 0.08% Added +1.7k +1,720
75 RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio NEW YORK, NY 122,410122.4k $51.9m $51.9m 0.08% New
76 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.11% of their portfolio TORONTO, A6 120,900120.9k $51.7m $51.7m 0.11% Added +45.0k +45,000
77 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 116,640116.6k $49.9m $49.9m 0.05% Added +75.8k +75,798
78 NATIXIS ADVISORS, LLC 0.09% of their portfolio Boston, MA 115,251115.3k $49.3m $49.3m 0.09% Reduced -8.2k -8,223
79 Artisan Partners Limited Partnership 0.08% of their portfolio Milwaukee, WI 111,147111.1k $47.6m $47.6m 0.08% Added +733 +733
80 Baskin Financial Services Inc. 3.85% of their portfolio TORONTO, A6 110,735110.7k $47.4m $47.4m 3.85% Reduced -978 -978
81 Douglas Lane & Associates, LLC 0.69% of their portfolio NEW YORK, NY 109,461109.5k $46.8m $46.8m 0.69% Reduced -1.6k -1,572
82 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 106,010106.0k $45.4m $45.4m 0.04% Added +14.8k +14,850
83 One Madison Group LLC 5.59% of their portfolio NEW YORK, NY 100,000100.0k $42.8m $42.8m 5.59% Reduced -5.0k -5,000
84 Corient Private Wealth LP 0.07% of their portfolio MIAMI, FL 99,39599.4k $42.5m $42.5m 0.07% Reduced -33.3k -33,299
85 Stony Point Capital LLC 4.59% of their portfolio NEW YORK, NY 99,25299.3k $42.5m $42.5m 4.59% Added +53.4k +53,433
86 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.15% of their portfolio JUPITER, FL 96,87396.9k $41.5m $41.5m 0.15% Added +17.1k +17,071
87 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 91,58691.6k $39.7m $39.7m 0.02% Added +230 +230
88 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio Toronto, A6 90,42790.4k $38.5m $38.5m 0.04% Reduced -9.1k -9,100
89 COMMERZBANK AKTIENGESELLSCHAFT /FI 0.88% of their portfolio FRANKFURT, 2M 87,77387.8k $37.6m $37.6m 0.88% New
90 Zurcher Kantonalbank (Zurich Cantonalbank) 0.10% of their portfolio ZURICH, V8 85,61485.6k $36.3m $36.3m 0.10% Added +2.1k +2,144
91 THORNBURG INVESTMENT MANAGEMENT INC 0.51% of their portfolio SANTA FE, NM 84,76084.8k $362.7m $362.7m 0.51% Reduced -200 -200
92 Janney Montgomery Scott LLC 0.10% of their portfolio PHILADELPHIA, PA 80,14980.1k $34.3m $34.3m 0.10% Reduced -4.8k -4,776
93 Vontobel Holding Ltd. 0.12% of their portfolio ZURICH, V8 75,94275.9k $32.2m $32.2m 0.12% Reduced -13.7k -13,661
94 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 73,98174.0k $31.3m $31.3m 0.01% Reduced -228.0k -228,016
95 GILDER GAGNON HOWE & CO LLC 0.40% of their portfolio New York, NY 71,46971.5k $30.6m $30.6m 0.40% Reduced -854 -854
96 Public Sector Pension Investment Board 0.13% of their portfolio MONTREAL, A8 68,25268.3k $28.9m $28.9m 0.13% Added +5.0k +5,002
97 SAPIENT CAPITAL LLC 0.56% of their portfolio INDIANAPOLIS, IN 67,46667.5k $28.6m $28.6m 0.56% Added +144 +144
98 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 66,12566.1k $28.0m $28.0m 0.02% Reduced -17.7k -17,709
99 GROUPAMA ASSET MANAGMENT 0.52% of their portfolio PARIS, I0 65,08065.1k $26.1m $26.1m 0.52% Added +6.6k +6,586
100 SIH Partners, LLLP 2.42% of their portfolio Wilmington, DE 64,50164.5k $27.6m $27.6m 2.42% Added +13.5k +13,512