Vault-13

FERRARI N V RACE

COM · Common Stock · CUSIP N3167Y103

Dutch holding company that controls Ferrari

777 institutional holders +27 vs Q1 2025
63,884,16963.9m shares reported held*
$31.3bnreported value*
88 new 270 added 268 reduced 65 sold out net sold ≈ $281.8m (-553.3k 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 ($36.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $489.46. Options: 23 managers hold calls ($425.8m notional), 28 hold puts ($515.1m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 404Q4 22: 441Q1 23: 475Q2 23: 517Q3 23: 525Q4 23: 575Q1 24: 655Q2 24: 657Q3 24: 703Q4 24: 717Q1 25: 750Q2 25: 777777Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025777

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 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 24Q1 25: 370 bought or addedQ1 25: 292 cut or sold outQ2 25: 358 bought or addedQ2 25: 333 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023247207
Q4 2023274214
Q1 2024352234
Q2 2024313275
Q3 2024362247
Q4 2024296319
Q1 2025370292
Q2 2025358333

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ3 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 1.50Q2 25 calls: $425.8mQ2 25 puts: $515.1mQ2 25P/C 1.21
Numbers
QuarterCallsPutsP/C
Q3 2024$370.1m$564.7m1.53
Q4 2024$324.9m$477.0m1.47
Q1 2025$399.4m$600.9m1.50
Q2 2025$425.8m$515.1m1.21

Biggest buyers

GROUPAMA ASSET MANAGMENT New +16,000,000+16.0m
VIKING GLOBAL INVESTORS LP Added +585,872+585.9k
ROYAL BANK OF CANADA Added +350,131+350.1k
MANNING & NAPIER ADVISORS LLC New +267,825+267.8k
UBS Group AG Added +250,184+250.2k
AMERICAN CENTURY COMPANIES INC New +223,184+223.2k
FMR LLC Added +182,073+182.1k
JENNISON ASSOCIATES LLC Added +153,297+153.3k
PRICE T ROWE ASSOCIATES INC /MD/ Added +145,210+145.2k
BARCLAYS PLC Added +120,170+120.2k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -786,742-786.7k
GOLDMAN SACHS GROUP INC Reduced -642,470-642.5k
JPMORGAN CHASE & CO Reduced -548,280-548.3k
BAILLIE GIFFORD & CO Reduced -367,363-367.4k
WCM INVESTMENT MANAGEMENT, LLC Reduced -297,316-297.3k
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Reduced -172,310-172.3k
MARSHALL WACE, LLP Reduced -151,284-151.3k
NORGES BANK Reduced -146,551-146.6k
Qube Research & Technologies Ltd Reduced -125,880-125.9k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -120,900-120.9k

Biggest calls

JPMORGAN CHASE & CO Added $123.8m252.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $51.9m105.7k shares
Optiver Holding B.V. Reduced $48.9m99.7k shares
CITADEL ADVISORS LLC Added $45.1m91.9k shares
BANK OF AMERICA CORP /DE/ Added $30.7m62.5k shares
JANE STREET GROUP, LLC Reduced $21.1m42.9k shares
SIH Partners, LLLP Reduced $18.2m37.1k shares
D. E. Shaw & Co., Inc. Reduced $16.8m34.3k shares
IMC-Chicago, LLC Reduced $14.4m29.4k shares
UBS Group AG Reduced $12.6m25.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $77.7m158.3k shares
Optiver Holding B.V. Reduced $73.7m150.2k shares
UBS Group AG Added $57.1m116.4k shares
SIH Partners, LLLP Reduced $57.1m116.3k shares
CITADEL ADVISORS LLC Added $44.3m90.2k shares
JANE STREET GROUP, LLC Reduced $30.7m62.5k shares
GOLDMAN SACHS GROUP INC Added $25.7m52.4k shares
IMC-Chicago, LLC Reduced $22.3m45.5k shares
JPMORGAN CHASE & CO Reduced $18.5m37.6k shares
Eisler Capital Management Ltd. Reduced $14.7m30.0k 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 Q2 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 Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GROUPAMA ASSET MANAGMENT 0.26% of their portfolio PARIS, I0 16,000,00016.0m $15.6m $15.6m 0.26% New
2 VANGUARD GROUP INC 0.04% of their portfolio Valley Forge, PA 5,073,9275.1m $2.5bn $2.5bn 0.04% Added +2.8k +2,797
3 BAILLIE GIFFORD & CO 1.55% of their portfolio EDINBURGH, X0 4,256,1004.3m $2.1bn $2.1bn 1.55% Reduced -367.4k -367,363
4 BANK OF AMERICA CORP /DE/ 0.11% of their portfolio CHARLOTTE, NC 2,788,0152.8m $1.4bn $1.4bn 0.11% Reduced -786.7k -786,742
5 Amundi 0.47% of their portfolio Paris, I0 2,752,4592.8m $1.4bn $1.4bn 0.47% Reduced -53.4k -53,393
6 Bank of Italy 56.68% of their portfolio ROME, L6 2,407,2712.4m $1.2bn $1.2bn 56.68% Unchanged
7 PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio BALTIMORE, MD 1,967,3572.0m $965.5m $965.5m 0.11% Added +145.2k +145,210
8 ALLIANCEBERNSTEIN L.P. 0.30% of their portfolio NASHVILLE, TN 1,866,5581.9m $916.0m $916.0m 0.30% Added +99.2k +99,221
9 JENNISON ASSOCIATES LLC 0.54% of their portfolio NEW YORK, NY 1,841,2001.8m $903.0m $903.0m 0.54% Added +153.3k +153,297
10 NORGES BANK 0.11% of their portfolio OSLO, Q8 1,805,3761.8m $885.1m $885.1m 0.11% Reduced -146.6k -146,551
11 Bank of New York Mellon Corp 0.15% of their portfolio NEW YORK, NY 1,631,5281.6m $800.7m $800.7m 0.15% Reduced -12.9k -12,887
12 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 1,563,2011.6m $767.1m $767.1m 0.05% Added +71.6k +71,585
13 GOLDMAN SACHS GROUP INC 0.12% of their portfolio NEW YORK, NY 1,537,1451.5m $754.3m $754.3m 0.12% Reduced -642.5k -642,470
14 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 1,481,9801.5m $727.3m $727.3m 0.05% Reduced -548.3k -548,280
15 UBS Group AG 0.15% of their portfolio ZURICH, V8 1,414,7221.4m $694.3m $694.3m 0.15% Added +250.2k +250,184
16 Capital International Investors 0.11% of their portfolio Los Angeles, CA 1,321,6101.3m $647.9m $647.9m 0.11% Added +4.6k +4,575
17 BlackRock, Inc. 0.01% of their portfolio New York, NY 1,207,2621.2m $592.5m $592.5m 0.01% Added +60.3k +60,312
18 FMR LLC 0.03% of their portfolio BOSTON, MA 1,181,4851.2m $579.4m $579.4m 0.03% Added +182.1k +182,073
19 Capital World Investors 0.08% of their portfolio LOS ANGELES, CA 1,180,6361.2m $578.7m $578.7m 0.08% Added +8.0k +8,007
20 MARSHALL WACE, LLP 0.57% of their portfolio LONDON, X0 977,314977.3k $477.7m $477.7m 0.57% Reduced -151.3k -151,284
21 Legal & General Group Plc 0.11% of their portfolio London, X0 940,278940.3k $459.3m $459.3m 0.11% Reduced -30.7k -30,730
22 DEUTSCHE BANK AG\ 0.17% of their portfolio FRANKFURT AM MAIN, 2M 935,087935.1k $458.9m $458.9m 0.17% Added +50.3k +50,275
23 Capital Research Global Investors 0.08% of their portfolio Los Angeles, CA 859,646859.6k $421.5m $421.5m 0.08% Reduced -54.3k -54,328
24 VIKING GLOBAL INVESTORS LP 1.02% of their portfolio STAMFORD, CT 721,269721.3k $353.5m $353.5m 1.02% Added +585.9k +585,872
25 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 687,990688.0k $337.6m $337.6m 0.03% Added +350.1k +350,131
26 BARCLAYS PLC 0.13% of their portfolio LONDON, X0 672,424672.4k $330.0m $330.0m 0.13% Added +120.2k +120,170
27 AKO CAPITAL LLP 4.00% of their portfolio LONDON, X0 646,106646.1k $316.6m $316.6m 4.00% Added +61.0k +60,988
28 Qube Research & Technologies Ltd 0.42% of their portfolio LONDON, X0 624,018624.0k $305.9m $305.9m 0.42% Reduced -125.9k -125,880
29 Groupe la Francaise 4.71% of their portfolio PARIS, I0 594,111594.1k $289.9m $289.9m 4.71% Added +33.1k +33,057
30 Banco Santander, S.A. 2.71% of their portfolio Madrid, U3 581,379581.4k $285.3m $285.3m 2.71% Added +20.4k +20,380
31 Nuveen, LLC 0.07% of their portfolio CHARLOTTE, NC 540,399540.4k $264.0m $264.0m 0.07% Reduced -10.0k -10,044
32 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 539,989540.0k $265.4m $265.4m 0.07% Reduced -22.2k -22,218
33 AXA S.A. 0.70% of their portfolio PARIS, I0 498,551498.6k $244.7m $244.7m 0.70% Reduced -42.0k -42,021
34 Pictet Asset Management Holding SA 0.24% of their portfolio CAROUGE, V8 491,128491.1k $239.9m $239.9m 0.24% Added +37.3k +37,267
35 WCM INVESTMENT MANAGEMENT, LLC 0.51% of their portfolio LAGUNA BEACH, CA 453,188453.2k $222.6m $222.6m 0.51% Reduced -297.3k -297,316
36 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.56% of their portfolio CHICAGO, IL 430,828430.8k $211.4m $211.4m 0.56% Reduced -172.3k -172,310
37 Clearbridge Investments, LLC 0.17% of their portfolio NEW YORK, NY 417,094417.1k $204.7m $204.7m 0.17% Reduced -32.7k -32,687
38 TD Asset Management Inc 0.17% of their portfolio Toronto, A6 415,850415.9k $203.7m $203.7m 0.17% Added +4.4k +4,434
39 Swiss National Bank 0.11% of their portfolio ZURICH, V8 382,188382.2k $186.3m $186.3m 0.11% Added +15.4k +15,425
40 CITIGROUP INC 0.13% of their portfolio NEW YORK, NY 381,070381.1k $187.0m $187.0m 0.13% Added +111.2k +111,208
41 MARTIN CURRIE LTD 7.00% of their portfolio EDINBURGH, X0 372,710372.7k $182.6m $182.6m 7.00% Reduced -17.4k -17,383
42 Bank Julius Baer & Co. Ltd, Zurich 0.43% of their portfolio ZURICH, V8 340,622340.6k $143.9m $143.9m 0.43% Added +88.4k +88,439
43 MACQUARIE GROUP LTD 0.19% of their portfolio Sydney, NSW 2000, C3 324,671324.7k $158.6m $158.6m 0.19% Reduced -4.5k -4,480
44 Invesco Ltd. 0.03% of their portfolio ATLANTA, GA 321,610321.6k $157.8m $157.8m 0.03% Added +17.7k +17,741
45 FIL Ltd 0.13% of their portfolio HAMILTON, D0 305,356305.4k $149.7m $149.7m 0.13% Reduced -10.0k -9,963
46 DekaBank Deutsche Girozentrale 0.26% of their portfolio FRANKFURT, 2M 296,770296.8k $145.3m $145.3m 0.26% Added +1.2k +1,199
47 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.15% of their portfolio FRANKFURT AM MAIN, 2M 291,260291.3k $142.3m $142.3m 0.15% Added +99.4k +99,376
48 MANNING & NAPIER ADVISORS LLC 1.57% of their portfolio Fairport, NY 267,825267.8k $131.4m $131.4m 1.57% New
49 MACKENZIE FINANCIAL CORP 0.17% of their portfolio TORONTO ONTARIO, A6 260,009260.0k $127.6m $127.6m 0.17% Added +45.7k +45,673
50 TWO SIGMA INVESTMENTS, LP 0.23% of their portfolio NEW YORK, NY 258,425258.4k $126.8m $126.8m 0.23% Added +113.7k +113,725
51 State of Tennessee, Department of Treasury 0.44% of their portfolio NASHVILLE, TN 253,301253.3k $123.7m $123.7m 0.44% Reduced -39.7k -39,688
52 TWO SIGMA ADVISERS, LP 0.25% of their portfolio NEW YORK, NY 245,600245.6k $120.5m $120.5m 0.25% Added +45.2k +45,200
53 SANDS CAPITAL MANAGEMENT, LLC 0.34% of their portfolio ARLINGTON, VA 243,717243.7k $119.6m $119.6m 0.34% Reduced -2.4k -2,352
54 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 236,099236.1k $115.9m $115.9m 0.02% Reduced -114.8k -114,806
55 Point72 Asset Management, L.P. 0.27% of their portfolio STAMFORD, CT 228,562228.6k $112.2m $112.2m 0.27% Added +14.7k +14,723
56 AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio KANSAS CITY, MO 223,184223.2k $109.5m $109.5m 0.06% New
57 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 220,911220.9k $108.4m $108.4m 0.05% Added +8.9k +8,862
58 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 220,142220.1k $107.9m $107.9m 0.03% Reduced -61.7k -61,669
59 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 197,402197.4k $96.9m $96.9m 0.02% Reduced -7.0k -6,951
60 Ilex Capital Partners (UK) LLP 3.19% of their portfolio London, X0 197,347197.3k $96.4m $96.4m 3.19% Added +2.9k +2,873
61 CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio TORONTO ONTARIO, A6 189,124189.1k $92.7m $92.7m 0.08% Added +2.3k +2,292
62 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 186,805186.8k $91.7m $91.7m 0.02% Added +3.2k +3,199
63 BIGLARI CAPITAL CORP. 10.47% of their portfolio San Antonio, TX 184,500184.5k $90.5m $90.5m 10.47% Added +31.0k +31,000
64 Capital International, Inc./CA/ 0.88% of their portfolio Los Angeles, CA 184,135184.1k $90.2m $90.2m 0.88% Reduced -43.5k -43,542
65 CIBC Private Wealth Group LLC 0.16% of their portfolio ATLANTA, GA 177,959178.0k $87.1m $87.1m 0.16% Added +10.0k +9,982
66 AVIVA PLC 0.18% of their portfolio LONDON, X0 177,648177.6k $87.0m $87.0m 0.18% Added +37.4k +37,381
67 Russell Investments Group, Ltd. 0.11% of their portfolio Seattle, WA 177,129177.1k $86.6m $86.6m 0.11% Added +34.4k +34,413
68 Balyasny Asset Management L.P. 0.19% of their portfolio Chicago, IL 171,672171.7k $84.2m $84.2m 0.19% Reduced -62.6k -62,579
69 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 169,580169.6k $83.2m $83.2m 0.02% Added +16.4k +16,403
70 Compagnie Lombard Odier SCmA 1.08% of their portfolio 1204 GENEVA, V8 166,984167.0k $81.6m $81.6m 1.08% Reduced -589 -589
71 Rheos Capital Works Inc. 4.56% of their portfolio Tokyo, M0 161,700161.7k $79.4m $79.4m 4.56% Added +20.0k +20,000
72 Allianz Asset Management GmbH 0.10% of their portfolio MUNICH, 2M 156,779156.8k $76.9m $76.9m 0.10% Added +32.5k +32,491
73 Groupe des Assurances du Credit Mutuel 19.29% of their portfolio STRASBOURG, I0 139,000139.0k $68.2m $68.2m 19.29% Unchanged
74 Artisan Partners Limited Partnership 0.10% of their portfolio Milwaukee, WI 134,713134.7k $66.1m $66.1m 0.10% Added +23.6k +23,566
75 HSBC HOLDINGS PLC 0.04% of their portfolio LONDON, X0 131,683131.7k $64.3m $64.3m 0.04% Reduced -46.2k -46,240
76 DNCA FINANCE 4.87% of their portfolio PARIS, I0 130,435130.4k $63.7m $63.7m 4.87% Reduced -1.7k -1,672
77 Korea Investment CORP 0.14% of their portfolio SEOUL, M5 128,381128.4k $62.7m $62.7m 0.14% Reduced -14.6k -14,597
78 OSSIAM 0.68% of their portfolio PARIS, I0 123,783123.8k $60.5m $60.5m 0.68% Added +100.0k +100,048
79 Baskin Financial Services Inc. 4.10% of their portfolio TORONTO, A6 110,432110.4k $54.2m $54.2m 4.10% Reduced -303 -303
80 Douglas Lane & Associates, LLC 0.77% of their portfolio NEW YORK, NY 107,626107.6k $52.8m $52.8m 0.77% Reduced -1.8k -1,835
81 RENAISSANCE TECHNOLOGIES LLC 0.07% of their portfolio NEW YORK, NY 102,876102.9k $50.4m $50.4m 0.07% Reduced -19.5k -19,534
82 Stony Point Capital LLC 3.92% of their portfolio NEW YORK, NY 101,211101.2k $49.7m $49.7m 3.92% Added +2.0k +1,959
83 Vontobel Holding Ltd. 0.16% of their portfolio ZURICH, V8 97,58497.6k $47.8m $47.8m 0.16% Added +21.6k +21,642
84 NATIXIS ADVISORS, LLC 0.07% of their portfolio Boston, MA 96,06596.1k $47.1m $47.1m 0.07% Reduced -19.2k -19,186
85 Corient Private Wealth LP 0.06% of their portfolio MIAMI, FL 94,77194.8k $46.5m $46.5m 0.06% Reduced -4.6k -4,624
86 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 93,65993.7k $46.0m $46.0m 0.04% Added +47.4k +47,387
87 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 92,65092.7k $45.3m $45.3m 0.02% Added +1.1k +1,064
88 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio Toronto, A6 90,30490.3k $44.1m $44.1m 0.04% Reduced -123 -123
89 Thrivent Financial for Lutherans 0.09% of their portfolio Minneapolis, MN 88,13888.1k $43.1m $43.1m 0.09% Added +85.6k +85,610
90 One Madison Group LLC 4.40% of their portfolio NEW YORK, NY 85,00085.0k $41.7m $41.7m 4.40% Reduced -15.0k -15,000
91 THORNBURG INVESTMENT MANAGEMENT INC 0.51% of their portfolio SANTA FE, NM 81,08381.1k $39.8m $39.8m 0.51% Reduced -3.7k -3,677
92 GILDER GAGNON HOWE & CO LLC 0.41% of their portfolio New York, NY 78,64878.6k $38.6m $38.6m 0.41% Added +7.2k +7,179
93 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio JUPITER, FL 75,76375.8k $37.2m $37.2m 0.14% Reduced -21.1k -21,110
94 GROUPAMA ASSET MANAGMENT 0.51% of their portfolio PARIS, I0 73,80073.8k $31.0m $31.0m 0.51% Added +8.7k +8,720
95 Janney Montgomery Scott LLC 0.09% of their portfolio PHILADELPHIA, PA 73,76873.8k $36.2m $36.2m 0.09% Reduced -6.4k -6,381
96 Public Sector Pension Investment Board 0.14% of their portfolio MONTREAL, A8 68,25268.3k $33.3m $33.3m 0.14% Unchanged
97 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 67,31267.3k $33.0m $33.0m 0.01% Added +6.3k +6,340
98 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 66,46066.5k $32.5m $32.5m 0.01% Reduced -7.5k -7,521
99 SAPIENT CAPITAL LLC 0.58% of their portfolio INDIANAPOLIS, IN 65,74665.7k $32.1m $32.1m 0.58% Reduced -1.7k -1,720
100 GAM Holding AG 2.20% of their portfolio Zurich, V8 64,10764.1k $31.3m $31.3m 2.20% New