Vault-13

FERRARI N V RACE

COM · Common Stock · CUSIP N3167Y103

Dutch holding company that controls Ferrari

720 institutional holders -50 vs Q4 2025
57,469,73157.5m shares reported held*
$19.4bnreported value*
84 new 247 added 239 reduced 140 sold out net sold ≈ $221.2m (-652.5k 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 ($38.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $337.36. Options: 27 managers hold calls ($685.1m notional), 33 hold puts ($1.0bn).

Trends to Q1 2026

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: 776Q4 25: 770Q1 26: 720720Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025770
Q1 2026720

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q2 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 25Q4 25: 336 bought or addedQ4 25: 412 cut or sold outQ1 26: 331 bought or addedQ1 26: 379 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024313275
Q3 2024362247
Q4 2024296319
Q1 2025370292
Q2 2025358333
Q3 2025407300
Q4 2025336412
Q1 2026331379

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ2 25 calls: $425.8mQ2 25 puts: $515.1mQ2 25P/C 1.21Q3 25 calls: $730.7mQ3 25 puts: $696.6mQ3 25P/C 0.95Q4 25 calls: $598.4mQ4 25 puts: $842.2mQ4 25P/C 1.41Q1 26 calls: $685.1mQ1 26 puts: $1.0bnQ1 26P/C 1.52
Numbers
QuarterCallsPutsP/C
Q2 2025$425.8m$515.1m1.21
Q3 2025$730.7m$696.6m0.95
Q4 2025$598.4m$842.2m1.41
Q1 2026$685.1m$1.0bn1.52

Biggest buyers

BARCLAYS PLC New +1,200,000+1.2m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Added +623,086+623.1k
GOLDMAN SACHS GROUP INC Added +482,073+482.1k
Ilex Capital Partners (UK) LLP New +405,842+405.8k
Capital International Investors Added +389,322+389.3k
SIH Partners, LLLP Added +323,699+323.7k
BARCLAYS PLC Added +314,934+314.9k
Caisse de depot et placement du Quebec New +311,871+311.9k
Point72 Asset Management, L.P. Added +299,363+299.4k
JPMORGAN CHASE & CO Added +269,376+269.4k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -2,474,138-2.5m
ALLIANCEBERNSTEIN L.P. Reduced -572,546-572.5k
Capital Research Global Investors Reduced -538,707-538.7k
WCM INVESTMENT MANAGEMENT, LLC Sold out -424,528-424.5k
Clearbridge Investments, LLC Sold out -387,182-387.2k
Amundi Reduced -344,905-344.9k
MARSHALL WACE, LLP Reduced -341,722-341.7k
Groupe la Francaise Reduced -279,460-279.5k
FRANKLIN RESOURCES INC Reduced -198,673-198.7k
BANK OF MONTREAL /CAN/ Reduced -164,036-164.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $148.1m437.6k shares
CITADEL ADVISORS LLC Added $107.7m318.3k shares
JPMORGAN CHASE & CO Added $96.4m294.7k shares
SIH Partners, LLLP Added $57.9m171.2k shares
Optiver Holding B.V. Reduced $48.4m143.0k shares
IMC-Chicago, LLC Added $35.1m103.7k shares
GOLDMAN SACHS GROUP INC Added $34.7m102.5k shares
JANE STREET GROUP, LLC Reduced $33.3m98.4k shares
MILLENNIUM MANAGEMENT LLC Added $19.7m66.7k shares
Jain Global LLC Unchanged $16.9m50.0k shares

Biggest puts

SIH Partners, LLLP Added $409.4m1.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $156.1m461.1k shares
CITADEL ADVISORS LLC Reduced $62.8m185.5k shares
Optiver Holding B.V. Reduced $53.8m158.9k shares
GOLDMAN SACHS GROUP INC Added $50.8m150.0k shares
IMC-Chicago, LLC Added $37.5m110.8k shares
MILLENNIUM MANAGEMENT LLC Added $28.8m95.2k shares
JANE STREET GROUP, LLC Reduced $27.3m80.7k shares
JPMORGAN CHASE & CO Added $26.9m82.2k shares
D. E. Shaw & Co., Inc. Added $23.6m69.8k 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 2026

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 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAILLIE GIFFORD & CO 1.32% of their portfolio EDINBURGH, X0 3,875,6603.9m $1.3bn $1.3bn 1.32% Reduced -14.4k -14,354
2 VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio MALVERN, PA 3,581,5573.6m $1.2bn $1.2bn 0.03% First filing
3 Amundi 0.27% of their portfolio Paris, I0 2,958,3593.0m $1.0bn $1.0bn 0.27% Reduced -344.9k -344,905
4 Bank of New York Mellon Corp 0.17% of their portfolio NEW YORK, NY 2,808,8552.8m $950.7m $950.7m 0.17% Added +218.8k +218,830
5 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 2,797,6102.8m $946.9m $946.9m 0.06% Added +251.0k +251,046
6 Bank of Italy 36.39% of their portfolio ROME, L6 2,423,2352.4m $805.2m $805.2m 36.39% Unchanged
7 ALLIANCEBERNSTEIN L.P. 0.21% of their portfolio NASHVILLE, TN 1,762,1991.8m $651.2m $651.2m 0.21% Reduced -572.5k -572,546
8 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 1,558,2751.6m $527.4m $527.4m 0.07% Added +482.1k +482,073
9 UBS Group AG 0.08% of their portfolio ZURICH, V8 1,261,0801.3m $426.8m $426.8m 0.08% Reduced -38.9k -38,870
10 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 1,203,3971.2m $393.8m $393.8m 0.03% Added +269.4k +269,376
11 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,200,0001.2m $4.1m $4.1m 0.00% New
12 Ninety One UK Ltd 0.85% of their portfolio London, X0 1,104,1061.1m $367.7m $367.7m 0.85% Added +199.0k +198,983
13 VANGUARD FIDUCIARY TRUST CO 0.09% of their portfolio MALVERN, PA 1,049,3741.0m $356.1m $356.1m 0.09% First filing
14 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.40% of their portfolio Paris, I0 1,019,4561.0m $340.3m $340.3m 0.40% Added +623.1k +623,086
15 Capital International Investors 0.08% of their portfolio Los Angeles, CA 987,621987.6k $332.3m $332.3m 0.08% Added +389.3k +389,322
16 DEUTSCHE BANK AG\ 0.10% of their portfolio FRANKFURT AM MAIN, 2M 934,176934.2k $316.2m $316.2m 0.10% Reduced -39.4k -39,407
17 AKO CAPITAL LLP 6.08% of their portfolio LONDON, X0 926,523926.5k $310.8m $310.8m 6.08% Reduced -18.3k -18,344
18 Legal & General Group Plc 0.07% of their portfolio London, X0 879,772879.8k $293.1m $293.1m 0.07% Reduced -31.7k -31,731
19 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 876,961877.0k $296.8m $296.8m 0.02% Reduced -2.5m -2,474,138
20 Mitsubishi UFJ Asset Management Co., Ltd. 0.18% of their portfolio TOKYO, M0 806,154806.2k $272.8m $272.8m 0.18% Added +259.8k +259,764
21 PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio BALTIMORE, MD 791,913791.9k $268.0m $268.0m 0.03% Added +184.1k +184,101
22 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.22% of their portfolio Toronto, A6 770,549770.5k $260.4m $260.4m 0.22% Reduced -19.8k -19,825
23 BARCLAYS PLC 0.08% of their portfolio LONDON, X0 667,181667.2k $225.8m $225.8m 0.08% Added +314.9k +314,934
24 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 588,094588.1k $201.4m $201.4m 0.05% Added +20.9k +20,888
25 SIH Partners, LLLP 6.06% of their portfolio Wilmington, DE 581,976582.0k $197.0m $197.0m 6.06% Added +323.7k +323,699
26 CREDIT AGRICOLE S A 0.63% of their portfolio Montrouge Cedex, I0 565,041565.0k $191.2m $191.2m 0.63% Added +23 +23
27 Banco Santander, S.A. 1.52% of their portfolio Madrid, U3 548,829548.8k $187.9m $187.9m 1.52% Reduced -94.1k -94,092
28 VANGUARD ASSET MANAGEMENT, Ltd 0.16% of their portfolio London, EC4N 8AF, X0 546,791546.8k $185.5m $185.5m 0.16% First filing
29 Vontobel Holding Ltd. 0.54% of their portfolio ZURICH, V8 473,899473.9k $158.3m $158.3m 0.54% Reduced -84.0k -83,969
30 Nuveen, LLC 0.04% of their portfolio CHARLOTTE, NC 459,843459.8k $153.1m $153.1m 0.04% Reduced -76.5k -76,533
31 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 448,314448.3k $151.7m $151.7m 0.03% Reduced -18.3k -18,314
32 Swiss National Bank 0.08% of their portfolio ZURICH, V8 436,456436.5k $145.4m $145.4m 0.08% Added +92.4k +92,373
33 Point72 Asset Management, L.P. 0.25% of their portfolio STAMFORD, CT 418,547418.5k $141.7m $141.7m 0.25% Added +299.4k +299,363
34 Ilex Capital Partners (UK) LLP 3.34% of their portfolio London, X0 405,842405.8k $135.5m $135.5m 3.34% New
35 WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio Boston, MA 377,498377.5k $125.7m $125.7m 0.02% Added +33.4k +33,420
36 ROYAL LONDON ASSET MANAGEMENT LTD 0.26% of their portfolio UNITED KINGDOM, X0 372,918372.9k $126.2m $126.2m 0.26% Added +40.4k +40,423
37 CITIGROUP INC 0.08% of their portfolio NEW YORK, NY 369,755369.8k $125.1m $125.1m 0.08% Added +171.5k +171,549
38 Capital Research Global Investors 0.02% of their portfolio Los Angeles, CA 359,735359.7k $121.6m $121.6m 0.02% Reduced -538.7k -538,707
39 Groupe la Francaise 1.56% of their portfolio PARIS, I0 355,097355.1k $111.8m $111.8m 1.56% Reduced -279.5k -279,460
40 Pictet Asset Management Holding SA 0.12% of their portfolio CAROUGE, V8 333,661333.7k $111.3m $111.3m 0.12% Added +6.2k +6,174
41 CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio TORONTO ONTARIO, A6 331,353331.4k $110.7m $110.7m 0.07% Reduced -36.0k -36,021
42 JANUS HENDERSON GROUP PLC 0.05% of their portfolio LONDON, X0 320,942320.9k $107.6m $107.6m 0.05% Added +231.6k +231,614
43 Bank Julius Baer & Co. Ltd, Zurich 0.32% of their portfolio ZURICH, V8 318,264318.3k $104.9m $104.9m 0.32% Added +1.7k +1,674
44 Caisse de depot et placement du Quebec 0.17% of their portfolio Montreal, A8 311,871311.9k $103.8m $103.8m 0.17% New
45 DekaBank Deutsche Girozentrale 0.17% of their portfolio FRANKFURT, 2M 296,770296.8k $103.6m $103.6m 0.17% Reduced -49.1k -49,076
46 BIGLARI CAPITAL CORP. 10.63% of their portfolio San Antonio, TX 291,981292.0k $98.8m $98.8m 10.63% Added +66.4k +66,400
47 SANDS CAPITAL MANAGEMENT, LLC 0.38% of their portfolio ARLINGTON, VA 287,709287.7k $97.4m $97.4m 0.38% Reduced -22.3k -22,274
48 Allianz Asset Management GmbH 0.10% of their portfolio MUNICH, 2M 263,563263.6k $89.2m $89.2m 0.10% Reduced -11.4k -11,363
49 Douglass Winthrop Advisors, LLC 1.54% of their portfolio NEW YORK, NY 252,533252.5k $84.1m $84.1m 1.54% New
50 Korea Investment CORP 0.17% of their portfolio SEOUL, M5 246,538246.5k $82.1m $82.1m 0.17% Added +87.1k +87,081
51 DNCA FINANCE 4.70% of their portfolio PARIS, I0 246,402246.4k $82.0m $82.0m 4.70% Added +14.7k +14,673
52 TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio NEW YORK, NY 245,808245.8k $83.2m $83.2m 0.07% New
53 Rheos Capital Works Inc. 5.20% of their portfolio Tokyo, M0 230,200230.2k $77.9m $77.9m 5.20% Unchanged
54 USS Investment Management Ltd 0.33% of their portfolio London, X0 229,353229.4k $76.6m $76.6m 0.33% Added +206.5k +206,463
55 AVIVA PLC 0.12% of their portfolio LONDON, X0 221,611221.6k $74.2m $74.2m 0.12% Reduced -55.1k -55,094
56 Eurizon Capital SGR S.p.A. 0.23% of their portfolio MILAN, L6 218,642218.6k $73.7m $73.7m 0.23% New
57 Quadrature Capital Ltd 0.86% of their portfolio LONDON, X0 216,014216.0k $71.9m $71.9m 0.86% Added +110.3k +110,321
58 Allspring Global Investments Holdings, LLC 0.12% of their portfolio CHARLOTTE, NC 214,080214.1k $73.3m $73.3m 0.12% Added +38.0k +38,050
59 BlackRock, Inc. 0.00% of their portfolio New York, NY 210,144210.1k $71.1m $71.1m 0.00% Reduced -13.7k -13,736
60 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.12% of their portfolio PHILADELPHIA, PA 207,632207.6k $70.3m $70.3m 0.12% Added +31.1k +31,073
61 CIBC Bancorp USA Inc. 0.08% of their portfolio CHICAGO, IL 200,794200.8k $62.6m $62.6m 0.08% First filing
62 Intesa Sanpaolo S.p.A. 4.14% of their portfolio TURIN, L6 198,645198.6k $66.0m $66.0m 4.14% Reduced -25.4k -25,354
63 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 192,917192.9k $65.3m $65.3m 0.01% Reduced -10.2k -10,203
64 JANE STREET GROUP, LLC 0.07% of their portfolio NEW YORK, NY 189,635189.6k $64.2m $64.2m 0.07% Added +6.7k +6,672
65 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 186,531186.5k $63.1m $63.1m 0.03% Reduced -164.0k -164,036
66 Groupe des Assurances du Credit Mutuel 30.94% of their portfolio STRASBOURG, I0 185,000185.0k $62.6m $62.6m 30.94% Unchanged
67 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.20% of their portfolio CHICAGO, IL 180,929180.9k $61.2m $61.2m 0.20% Reduced -34.1k -34,051
68 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 177,126177.1k $59.9m $59.9m 0.01% Reduced -19.5k -19,473
69 Rockefeller Capital Management L.P. 0.10% of their portfolio NEW YORK, NY 171,136171.1k $57.9m $57.9m 0.10% Added +128.9k +128,945
70 Balyasny Asset Management L.P. 0.10% of their portfolio Chicago, IL 157,483157.5k $52.6m $52.6m 0.10% New
71 Compagnie Lombard Odier SCmA 0.61% of their portfolio 1204 GENEVA, V8 149,285149.3k $49.7m $49.7m 0.61% Reduced -13.7k -13,719
72 EFG International AG 1.05% of their portfolio Zurich, V8 144,823144.8k $49.0m $49.0m 1.05% Added +135.5k +135,472
73 Corient Private Wealth LP 0.07% of their portfolio MIAMI, FL 144,107144.1k $48.5m $48.5m 0.07% Added +15.8k +15,833
74 MACKENZIE FINANCIAL CORP 0.06% of their portfolio TORONTO ONTARIO, A6 143,127143.1k $48.3m $48.3m 0.06% Reduced -93.2k -93,158
75 Fiera Capital Corp 0.15% of their portfolio MONTREAL, A8 132,863132.9k $45.0m $45.0m 0.15% New
76 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.04% of their portfolio FRANKFURT AM MAIN, 2M 130,838130.8k $44.2m $44.2m 0.04% Reduced -112.8k -112,755
77 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.18% of their portfolio JUPITER, FL 129,103129.1k $43.7m $43.7m 0.18% Added +18.9k +18,884
78 Douglas Lane & Associates, LLC 0.62% of their portfolio NEW YORK, NY 127,897127.9k $43.3m $43.3m 0.62% Added +11.9k +11,880
79 Russell Investments Group, Ltd. 0.05% of their portfolio Seattle, WA 125,715125.7k $42.0m $42.0m 0.05% Added +8.8k +8,781
80 Banque Transatlantique SA 0.96% of their portfolio PARIS, I0 119,189119.2k $40.0m $40.0m 0.96% Added +88.7k +88,703
81 RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio NEW YORK, NY 116,968117.0k $39.0m $39.0m 0.06% Added +37.9k +37,860
82 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 116,313116.3k $39.4m $39.4m 0.03% Reduced -37.2k -37,224
83 Baskin Financial Services Inc. 3.11% of their portfolio TORONTO, A6 112,099112.1k $37.9m $37.9m 3.11% Added +263 +263
84 Holocene Advisors, LP 0.09% of their portfolio New York, NY 110,366110.4k $37.4m $37.4m 0.09% Added +62.1k +62,114
85 SEB Asset Management AB 0.16% of their portfolio STOCKHOLM, V7 109,308109.3k $36.4m $36.4m 0.16% First filing
86 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 109,258109.3k $37.0m $37.0m 0.00% Reduced -126.8k -126,769
87 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio BALA CYNWYD, PA 105,293105.3k $35.6m $35.6m 0.05% Added +904 +904
88 Artisan Partners Limited Partnership 0.06% of their portfolio Milwaukee, WI 103,098103.1k $34.9m $34.9m 0.06% Reduced -26.8k -26,769
89 Interval Partners, LP 1.18% of their portfolio NEW YORK, NY 101,766101.8k $34.4m $34.4m 1.18% Added +17.9k +17,854
90 One Madison Group LLC 3.91% of their portfolio NEW YORK, NY 100,000100.0k $33.8m $33.8m 3.91% Reduced -5.0k -5,000
91 THORNBURG INVESTMENT MANAGEMENT INC 0.34% of their portfolio SANTA FE, NM 96,04296.0k $32.5m $32.5m 0.34% Added +7.9k +7,933
92 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 95,18195.2k $32.2m $32.2m 0.01% Reduced -95.7k -95,650
93 Generali Asset Management SPA SGR 0.57% of their portfolio TRIESTE, L6 94,96595.0k $27.4m $27.4m 0.57% Added +8.6k +8,576
94 Bahl & Gaynor LLC 0.16% of their portfolio CINCINNATI, OH 93,48293.5k $31.6m $31.6m 0.16% Added +42.3k +42,345
95 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 92,92792.9k $31.5m $31.5m 0.00% Added +16.2k +16,236
96 FMR LLC 0.00% of their portfolio BOSTON, MA 87,10187.1k $29.5m $29.5m 0.00% Reduced -155.5k -155,525
97 FIL Ltd 0.02% of their portfolio HAMILTON, D0 85,21085.2k $28.9m $28.9m 0.02% Reduced -6.0k -6,035
98 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.09% of their portfolio COLUMBUS, OH 83,07383.1k $27.7m $27.7m 0.09% Added +17.2k +17,198
99 GROUPAMA ASSET MANAGMENT 0.32% of their portfolio PARIS, I0 75,10675.1k $21.7m $21.7m 0.32% Reduced -28.7k -28,732
100 Titan Investment Solutions Ltd 3.04% of their portfolio LONDON, X0 70,13970.1k $23.7m $23.7m 3.04% Added +42.3k +42,258