Vault-13

FERRARI N V RACE

COM · Common Stock · CUSIP N3167Y103

Dutch holding company that controls Ferrari

776 institutional holders -1 vs Q2 2025
63,644,60463.6m shares reported held*
$30.8bnreported value*
86 new 321 added 223 reduced 77 sold out net bought ≈ $472.8m (+936.5k 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 ($26.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $484.51. Options: 26 managers hold calls ($730.7m notional), 29 hold puts ($696.6m).

Trends to Q3 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: 777Q3 25: 776776Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025776

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 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 25Q2 25: 358 bought or addedQ2 25: 333 cut or sold outQ3 25: 407 bought or addedQ3 25: 300 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023274214
Q1 2024352234
Q2 2024313275
Q3 2024362247
Q4 2024296319
Q1 2025370292
Q2 2025358333
Q3 2025407300

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ4 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 1.21Q3 25 calls: $730.7mQ3 25 puts: $696.6mQ3 25P/C 0.95
Numbers
QuarterCallsPutsP/C
Q4 2024$324.9m$477.0m1.47
Q1 2025$399.4m$600.9m1.50
Q2 2025$425.8m$515.1m1.21
Q3 2025$730.7m$696.6m0.95

Biggest buyers

Bank of New York Mellon Corp Added +1,039,234+1.0m
Ninety One UK Ltd New +978,120+978.1k
GROUPAMA ASSET MANAGMENT Added +900,000+900.0k
JPMORGAN CHASE & CO Added +854,444+854.4k
FMR LLC Added +517,416+517.4k
ALLIANCEBERNSTEIN L.P. Added +512,703+512.7k
WELLINGTON MANAGEMENT GROUP LLP Added +470,026+470.0k
BANK OF AMERICA CORP /DE/ Added +430,523+430.5k
FRANKLIN RESOURCES INC Added +331,125+331.1k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +298,536+298.5k

Biggest sellers

JENNISON ASSOCIATES LLC Reduced -1,669,857-1.7m
VIKING GLOBAL INVESTORS LP Sold out -721,269-721.3k
Qube Research & Technologies Ltd Reduced -574,152-574.2k
AXA S.A. Reduced -488,438-488.4k
MARSHALL WACE, LLP Reduced -322,448-322.4k
GOLDMAN SACHS GROUP INC Reduced -315,619-315.6k
BAILLIE GIFFORD & CO Reduced -314,270-314.3k
ROYAL BANK OF CANADA Reduced -290,353-290.4k
TWO SIGMA INVESTMENTS, LP Reduced -243,226-243.2k
TWO SIGMA ADVISERS, LP Reduced -203,000-203.0k

Biggest calls

JPMORGAN CHASE & CO Added $245.7m506.4k shares
SIH Partners, LLLP Added $110.9m228.5k shares
Optiver Holding B.V. Added $76.1m156.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $50.7m104.4k shares
CITADEL ADVISORS LLC Reduced $44.2m91.0k shares
GOLDMAN SACHS GROUP INC New $34.0m70.0k shares
JANE STREET GROUP, LLC Added $27.6m56.8k shares
BANK OF AMERICA CORP /DE/ Reduced $23.0m47.5k shares
IMC-Chicago, LLC Added $21.4m44.1k shares
UBS Group AG Added $19.3m39.9k shares

Biggest puts

SIH Partners, LLLP Added $148.0m305.1k shares
Optiver Holding B.V. Added $126.5m260.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $91.4m188.4k shares
JPMORGAN CHASE & CO Added $50.1m103.2k shares
CITADEL ADVISORS LLC Reduced $42.9m88.5k shares
Eisler Capital Management Ltd. Added $30.4m63.0k shares
UBS Group AG Reduced $29.5m60.9k shares
JANE STREET GROUP, LLC Reduced $28.5m58.8k shares
IMC-Chicago, LLC Added $25.1m51.7k shares
Walleye Trading LLC Added $17.2m35.4k 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 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 Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GROUPAMA ASSET MANAGMENT 0.24% of their portfolio PARIS, I0 16,900,00016.9m $16.6m $16.6m 0.24% Added +900.0k +900,000
2 VANGUARD GROUP INC 0.04% of their portfolio Valley Forge, PA 5,154,9445.2m $2.5bn $2.5bn 0.04% Added +81.0k +81,017
3 BAILLIE GIFFORD & CO 1.41% of their portfolio EDINBURGH, X0 3,941,8303.9m $1.9bn $1.9bn 1.41% Reduced -314.3k -314,270
4 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 3,218,5383.2m $1.6bn $1.6bn 0.12% Added +430.5k +430,523
5 Amundi 0.47% of their portfolio Paris, I0 2,972,3683.0m $1.5bn $1.5bn 0.47% Added +219.9k +219,909
6 Bank of New York Mellon Corp 0.23% of their portfolio NEW YORK, NY 2,670,7622.7m $1.3bn $1.3bn 0.23% Added +1.0m +1,039,234
7 Bank of Italy 57.32% of their portfolio ROME, L6 2,462,7712.5m $1.2bn $1.2bn 57.32% Added +55.5k +55,500
8 ALLIANCEBERNSTEIN L.P. 0.36% of their portfolio NASHVILLE, TN 2,379,2612.4m $1.2bn $1.2bn 0.36% Added +512.7k +512,703
9 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 2,336,4242.3m $1.1bn $1.1bn 0.04% Added +854.4k +854,444
10 PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio BALTIMORE, MD 2,120,3162.1m $1.0bn $1.0bn 0.11% Added +153.0k +152,959
11 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 1,775,5251.8m $861.5m $861.5m 0.05% Added +212.3k +212,324
12 FMR LLC 0.04% of their portfolio BOSTON, MA 1,698,9011.7m $822.3m $822.3m 0.04% Added +517.4k +517,416
13 Capital International Investors 0.12% of their portfolio Los Angeles, CA 1,500,0041.5m $724.7m $724.7m 0.12% Added +178.4k +178,394
14 UBS Group AG 0.13% of their portfolio ZURICH, V8 1,395,0801.4m $676.9m $676.9m 0.13% Reduced -19.6k -19,642
15 BlackRock, Inc. 0.01% of their portfolio New York, NY 1,282,8641.3m $622.5m $622.5m 0.01% Added +75.6k +75,602
16 GOLDMAN SACHS GROUP INC 0.09% of their portfolio NEW YORK, NY 1,221,5261.2m $592.7m $592.7m 0.09% Reduced -315.6k -315,619
17 Capital World Investors 0.08% of their portfolio LOS ANGELES, CA 1,175,6791.2m $568.1m $568.1m 0.08% Reduced -5.0k -4,957
18 Ninety One UK Ltd 0.52% of their portfolio London, X0 978,120978.1k $473.0m $473.0m 0.52% New
19 DEUTSCHE BANK AG\ 0.15% of their portfolio FRANKFURT AM MAIN, 2M 936,913936.9k $454.6m $454.6m 0.15% Added +1.8k +1,826
20 Legal & General Group Plc 0.10% of their portfolio London, X0 882,885882.9k $427.0m $427.0m 0.10% Reduced -57.4k -57,393
21 Capital Research Global Investors 0.07% of their portfolio Los Angeles, CA 794,123794.1k $384.2m $384.2m 0.07% Reduced -65.5k -65,523
22 Groupe la Francaise 4.70% of their portfolio PARIS, I0 714,436714.4k $345.5m $345.5m 4.70% Added +120.3k +120,325
23 MARSHALL WACE, LLP 0.35% of their portfolio LONDON, X0 654,866654.9k $316.8m $316.8m 0.35% Reduced -322.4k -322,448
24 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 644,825644.8k $312.4m $312.4m 0.07% Added +104.8k +104,836
25 AKO CAPITAL LLP 4.35% of their portfolio LONDON, X0 632,960633.0k $306.2m $306.2m 4.35% Reduced -13.1k -13,146
26 Banco Santander, S.A. 2.49% of their portfolio Madrid, U3 578,124578.1k $280.5m $280.5m 2.49% Reduced -3.3k -3,255
27 CREDIT AGRICOLE S A 0.92% of their portfolio Montrouge Cedex, I0 575,004575.0k $279.0m $279.0m 0.92% First filing
28 WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio Boston, MA 536,486536.5k $259.6m $259.6m 0.05% Added +470.0k +470,026
29 Nuveen, LLC 0.07% of their portfolio CHARLOTTE, NC 531,460531.5k $257.0m $257.0m 0.07% Reduced -8.9k -8,939
30 BARCLAYS PLC 0.09% of their portfolio LONDON, X0 522,932522.9k $253.7m $253.7m 0.09% Reduced -149.5k -149,492
31 WCM INVESTMENT MANAGEMENT, LLC 0.43% of their portfolio LAGUNA BEACH, CA 433,609433.6k $209.0m $209.0m 0.43% Reduced -19.6k -19,579
32 AXA Investment Managers S.A. 0.56% of their portfolio PUTEAUX, I0 426,587426.6k $207.0m $207.0m 0.56% First filing
33 Pictet Asset Management Holding SA 0.19% of their portfolio CAROUGE, V8 416,870416.9k $201.6m $201.6m 0.19% Reduced -74.3k -74,258
34 Clearbridge Investments, LLC 0.15% of their portfolio NEW YORK, NY 413,727413.7k $200.7m $200.7m 0.15% Reduced -3.4k -3,367
35 AMERICAN CENTURY COMPANIES INC 0.10% of their portfolio KANSAS CITY, MO 405,774405.8k $196.9m $196.9m 0.10% Added +182.6k +182,590
36 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 397,637397.6k $192.9m $192.9m 0.03% Reduced -290.4k -290,353
37 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.49% of their portfolio CHICAGO, IL 394,449394.4k $191.4m $191.4m 0.49% Reduced -36.4k -36,379
38 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.15% of their portfolio Toronto, A6 388,840388.8k $188.5m $188.5m 0.15% Added +298.5k +298,536
39 Ilex Capital Partners (UK) LLP 5.87% of their portfolio London, X0 380,050380.1k $183.8m $183.8m 5.87% Added +182.7k +182,703
40 MACKENZIE FINANCIAL CORP 0.22% of their portfolio TORONTO ONTARIO, A6 376,824376.8k $182.8m $182.8m 0.22% Added +116.8k +116,815
41 TD Asset Management Inc 0.15% of their portfolio Toronto, A6 372,284372.3k $180.4m $180.4m 0.15% Reduced -43.6k -43,566
42 Swiss National Bank 0.10% of their portfolio ZURICH, V8 364,506364.5k $176.0m $176.0m 0.10% Reduced -17.7k -17,682
43 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 357,291357.3k $173.1m $173.1m 0.04% Added +331.1k +331,125
44 FIL Ltd 0.13% of their portfolio HAMILTON, D0 342,727342.7k $165.8m $165.8m 0.13% Added +37.4k +37,371
45 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 298,219298.2k $144.7m $144.7m 0.02% Reduced -23.4k -23,391
46 DekaBank Deutsche Girozentrale 0.24% of their portfolio FRANKFURT, 2M 297,844297.8k $143.6m $143.6m 0.24% Added +1.1k +1,074
47 Bank Julius Baer & Co. Ltd, Zurich 0.39% of their portfolio ZURICH, V8 293,873293.9k $140.0m $140.0m 0.39% Reduced -46.7k -46,749
48 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.13% of their portfolio FRANKFURT AM MAIN, 2M 293,208293.2k $141.8m $141.8m 0.13% Added +1.9k +1,948
49 MACQUARIE GROUP LTD 0.16% of their portfolio Sydney, NSW 2000, C3 290,213290.2k $140.8m $140.8m 0.16% Reduced -34.5k -34,458
50 MANNING & NAPIER ADVISORS LLC 1.69% of their portfolio Fairport, NY 273,092273.1k $132.5m $132.5m 1.69% Added +5.3k +5,267
51 State of Tennessee, Department of Treasury 0.42% of their portfolio NASHVILLE, TN 259,201259.2k $125.4m $125.4m 0.42% Added +5.9k +5,900
52 SANDS CAPITAL MANAGEMENT, LLC 0.34% of their portfolio ARLINGTON, VA 251,698251.7k $122.1m $122.1m 0.34% Added +8.0k +7,981
53 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 249,474249.5k $121.0m $121.0m 0.02% Added +13.4k +13,375
54 Allianz Asset Management GmbH 0.14% of their portfolio MUNICH, 2M 239,089239.1k $116.0m $116.0m 0.14% Added +82.3k +82,310
55 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 236,640236.6k $114.3m $114.3m 0.05% Added +15.7k +15,729
56 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 234,470234.5k $113.7m $113.7m 0.03% Added +14.3k +14,328
57 Rheos Capital Works Inc. 5.84% of their portfolio Tokyo, M0 215,200215.2k $104.4m $104.4m 5.84% Added +53.5k +53,500
58 AVIVA PLC 0.18% of their portfolio LONDON, X0 207,719207.7k $100.4m $100.4m 0.18% Added +30.1k +30,071
59 CITIGROUP INC 0.07% of their portfolio NEW YORK, NY 207,705207.7k $100.8m $100.8m 0.07% Reduced -173.4k -173,365
60 BIGLARI CAPITAL CORP. 11.03% of their portfolio San Antonio, TX 207,600207.6k $100.7m $100.7m 11.03% Added +23.1k +23,100
61 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 198,543198.5k $96.3m $96.3m 0.02% Added +11.7k +11,738
62 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 190,074190.1k $92.2m $92.2m 0.02% Added +20.5k +20,494
63 Capital International, Inc./CA/ 0.71% of their portfolio Los Angeles, CA 183,993184.0k $88.9m $88.9m 0.71% Reduced -142 -142
64 CIBC Private Wealth Group LLC 0.15% of their portfolio ATLANTA, GA 183,917183.9k $89.1m $89.1m 0.15% Added +6.0k +5,958
65 JENNISON ASSOCIATES LLC 0.05% of their portfolio NEW YORK, NY 171,343171.3k $83.1m $83.1m 0.05% Reduced -1.7m -1,669,857
66 CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio TORONTO ONTARIO, A6 170,279170.3k $82.3m $82.3m 0.06% Reduced -18.8k -18,845
67 Compagnie Lombard Odier SCmA 0.87% of their portfolio 1204 GENEVA, V8 162,698162.7k $78.7m $78.7m 0.87% Reduced -4.3k -4,286
68 Russell Investments Group, Ltd. 0.09% of their portfolio Seattle, WA 157,327157.3k $76.1m $76.1m 0.09% Reduced -19.8k -19,802
69 Quadrature Capital Ltd 0.89% of their portfolio LONDON, X0 155,352155.4k $75.0m $75.0m 0.89% Added +117.4k +117,368
70 Vontobel Holding Ltd. 0.20% of their portfolio ZURICH, V8 134,509134.5k $65.0m $65.0m 0.20% Added +36.9k +36,925
71 Interval Partners, LP 1.38% of their portfolio NEW YORK, NY 132,473132.5k $64.3m $64.3m 1.38% Added +115.3k +115,274
72 Artisan Partners Limited Partnership 0.08% of their portfolio Milwaukee, WI 116,268116.3k $56.4m $56.4m 0.08% Reduced -18.4k -18,445
73 Rokos Capital Management LLP 0.70% of their portfolio LONDON, X0 114,723114.7k $55.6m $55.6m 0.70% New
74 Baskin Financial Services Inc. 3.94% of their portfolio TORONTO, A6 110,357110.4k $53.5m $53.5m 3.94% Reduced -75 -75
75 Korea Investment CORP 0.11% of their portfolio SEOUL, M5 108,339108.3k $52.4m $52.4m 0.11% Reduced -20.0k -20,042
76 Zurich Insurance Group Ltd/FI 0.37% of their portfolio ZURICH, V8 106,441106.4k $51.4m $51.4m 0.37% Added +58.6k +58,573
77 Stony Point Capital LLC 3.60% of their portfolio NEW YORK, NY 105,816105.8k $51.3m $51.3m 3.60% Added +4.6k +4,605
78 Point72 Asset Management, L.P. 0.11% of their portfolio STAMFORD, CT 105,723105.7k $51.3m $51.3m 0.11% Reduced -122.8k -122,839
79 Douglas Lane & Associates, LLC 0.69% of their portfolio NEW YORK, NY 102,349102.3k $49.7m $49.7m 0.69% Reduced -5.3k -5,277
80 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 92,63092.6k $44.8m $44.8m 0.02% Reduced -20 -20
81 JANE STREET GROUP, LLC 0.05% of their portfolio NEW YORK, NY 92,00892.0k $44.6m $44.6m 0.05% Added +55.9k +55,868
82 GROUPAMA ASSET MANAGMENT 0.55% of their portfolio PARIS, I0 90,62190.6k $37.3m $37.3m 0.55% Added +16.8k +16,821
83 One Madison Group LLC 4.78% of their portfolio NEW YORK, NY 90,00090.0k $43.7m $43.7m 4.78% Added +5.0k +5,000
84 THORNBURG INVESTMENT MANAGEMENT INC 0.56% of their portfolio SANTA FE, NM 88,93588.9k $43.2m $43.2m 0.56% Added +7.9k +7,852
85 Thrivent Financial for Lutherans 0.08% of their portfolio Minneapolis, MN 88,24388.2k $42.7m $42.7m 0.08% Added +105 +105
86 FLOSSBACH VON STORCH SE 0.16% of their portfolio COLOGNE, 2M 83,10683.1k $40.1m $40.1m 0.16% Added +22.9k +22,905
87 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 82,06382.1k $39.8m $39.8m 0.03% Added +40.2k +40,225
88 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 80,12980.1k $38.9m $38.9m 0.01% Added +12.8k +12,817
89 Public Sector Pension Investment Board 0.14% of their portfolio MONTREAL, A8 75,83975.8k $36.7m $36.7m 0.14% Added +7.6k +7,587
90 NATIXIS ADVISORS, LLC 0.05% of their portfolio Boston, MA 73,05073.0k $35.4m $35.4m 0.05% Reduced -23.0k -23,015
91 Janney Montgomery Scott LLC 0.08% of their portfolio PHILADELPHIA, PA 71,43071.4k $34.7m $34.7m 0.08% Reduced -2.3k -2,338
92 DNCA FINANCE 2.36% of their portfolio PARIS, I0 71,21971.2k $34.4m $34.4m 2.36% Reduced -59.2k -59,216
93 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.10% of their portfolio COLUMBUS, OH 66,16066.2k $32.0m $32.0m 0.10% Added +10.9k +10,908
94 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 65,89565.9k $32.0m $32.0m 0.05% Reduced -28.9k -28,876
95 Evelyn Partners Investment Management LLP 0.88% of their portfolio London, X0 64,37264.4k $31.1m $31.1m 0.88% Added +3.9k +3,851
96 SAPIENT CAPITAL LLC 0.48% of their portfolio INDIANAPOLIS, IN 64,03864.0k $30.9m $30.9m 0.48% Reduced -1.7k -1,708
97 Zurcher Kantonalbank (Zurich Cantonalbank) 0.07% of their portfolio ZURICH, V8 61,51661.5k $29.8m $29.8m 0.07% Added +5.0k +4,991
98 Bowie Capital Management, LLC 1.34% of their portfolio Richardson, TX 61,47861.5k $29.8m $29.8m 1.34% Added +34.2k +34,222
99 Aquamarine Zurich AG 9.13% of their portfolio ZURICH, V8 60,00060.0k $29.0m $29.0m 9.13% Unchanged
100 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 57,61157.6k $27.9m $27.9m 0.02% Reduced -5.7k -5,723