FERROVIAL SE FER
ORD SHS · Common Stock · CUSIP N3168P101
- SectorIndustrials
- IndustryHeavy Construction Other Than Bldg Const - Contractors
- FilingsSEC EDGAR
* 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 ($15.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $64.54. Options: 7 managers hold calls ($91.4m notional), 5 hold puts ($27.5m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2024 | 88 |
| Q3 2024 | 109 |
| Q4 2024 | 135 |
| Q1 2025 | 147 |
| Q2 2025 | 174 |
| Q3 2025 | 204 |
| Q4 2025 | 274 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 62 | 38 |
| Q4 2024 | 71 | 59 |
| Q1 2025 | 87 | 52 |
| Q2 2025 | 123 | 49 |
| Q3 2025 | 134 | 68 |
| Q4 2025 | 186 | 83 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $25.6m | $5.6m | 0.22 |
| Q2 2025 | $43.9m | $1.6m | 0.04 |
| Q3 2025 | $103.3m | $27.5m | 0.27 |
| Q4 2025 | $91.4m | $27.5m | 0.30 |
Biggest buyers
| Invesco Ltd. | Added | +20.2m |
| Banco Santander, S.A. | Added | +5.8m |
| BARCLAYS PLC | Added | +3.3m |
| CITIGROUP INC | Added | +2.1m |
| BlackRock, Inc. | Added | +1.5m |
| TCI FUND MANAGEMENT LTD | Added | +1.3m |
| ProShare Advisors LLC | Added | +1.1m |
| ING GROEP NV | New | +1.0m |
| MORGAN STANLEY | Added | +901.2k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +643.5k |
Biggest sellers
| HSBC HOLDINGS PLC | Reduced | -23.7m |
| Amundi | Reduced | -10.6m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -8.5m |
| JPMORGAN CHASE & CO | Reduced | -5.1m |
| FIL Ltd | Reduced | -3.4m |
| CREDIT AGRICOLE S A | Reduced | -3.3m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.8m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.5m |
| FMR LLC | Reduced | -1.2m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -1.0m |
Biggest calls
| JPMORGAN CHASE & CO | Added | $34.8m539.2k shares |
| SIH Partners, LLLP | Reduced | $30.0m463.6k shares |
| GOLDMAN SACHS GROUP INC | New | $12.1m187.6k shares |
| UBS Group AG | New | $9.7m150.0k shares |
| LRT Capital Management, LLC | New | $3.1m47.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.7m26.5k shares |
| GROUP ONE TRADING LLC | Reduced | $12.9k200 shares |
Biggest puts
| SIH Partners, LLLP | Added | $11.2m173.6k shares |
| JPMORGAN CHASE & CO | Reduced | $11.2m172.9k shares |
| Greenland Capital Management LP | New | $3.9m60.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $1.1m16.3k shares |
| GROUP ONE TRADING LLC | New | $129.2k2.0k 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.
| Holder | Stake |
|---|---|
| Rijn Capital SARL 13G · exempt (held before listing) filed 2026-07-29 | 22.3% |
| del Pino Calvo-Sotelo Maria 13G · exempt (held before listing) filed 2025-11-13 | 8.8% |
| BlackRock, Inc. 13G · institution new · filed 2026-10-27 | 5.0% |
Insider purchases and sales in Q4 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 Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| Invesco Ltd. 0.13% of their portfolio | 21.0m $1.4bn | Added +20.2m |
| TCI FUND MANAGEMENT LTD 2.51% of their portfolio | 20.7m $1.3bn | Added +1.3m |
| VANGUARD GROUP INC 0.02% of their portfolio | 20.7m $1.3bn | Added +354.5k |
| LAZARD ASSET MANAGEMENT LLC 1.49% of their portfolio | 13.5m $875.3m | Reduced -8.5m |
| BANK OF AMERICA CORP /DE/ 0.06% of their portfolio | 13.2m $854.9m | Reduced -1.5m |
| Amundi 0.19% of their portfolio | 11.0m $707.5m | Reduced -10.6m |
| FIL Ltd 0.48% of their portfolio | 9.9m $641.9m | Reduced -3.4m |
| Banco Santander, S.A. 4.68% of their portfolio | 9.7m $625.3m | Added +5.8m |
| NORGES BANK 0.06% of their portfolio | 9.3m $605.2m | Not comparable |
| UBS Group AG 0.11% of their portfolio | 8.4m $544.0m | Added +473.8k |
| BARCLAYS PLC 0.20% of their portfolio | 7.8m $504.6m | Added +3.3m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 6.5m $417.1m | Reduced -5.1m |
| Legal & General Group Plc 0.09% of their portfolio | 6.2m $404.8m | Reduced -319.3k |
| FMR LLC 0.02% of their portfolio | 5.2m $339.1m | Reduced -1.2m |
| DEUTSCHE BANK AG\ 0.10% of their portfolio | 4.5m $292.7m | Added +250.9k |
| CITIGROUP INC 0.18% of their portfolio | 4.1m $267.6m | Added +2.1m |
| LANDESBANK BADEN-WUERTTEMBERG 39.03% of their portfolio | 3.2m $212.9m | First filing |
| Clearbridge Investments, LLC 0.15% of their portfolio | 3.0m $191.5m | Reduced -333.2k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 2.8m $182.3m | Added +231.0k |
| Bank of Italy 7.52% of their portfolio | 2.7m $173.2m | Added +459.2k |
| CREDIT AGRICOLE S A 0.46% of their portfolio | 2.6m $165.8m | Reduced -3.3m |
| ANTIPODES PARTNERS Ltd 3.28% of their portfolio | 2.4m $156.4m | Reduced -661.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.09% of their portfolio | 2.3m $149.9m | Added +408.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.12% of their portfolio | 2.0m $132.1m | Reduced -1.0m |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.8m $118.6m | Added +633.2k |
| THORNBURG INVESTMENT MANAGEMENT INC 1.41% of their portfolio | 1.7m $112.0m | Added +2.9k |
| DekaBank Deutsche Girozentrale 0.11% of their portfolio | 1.6m $64.6m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 1.5m $97.6m | Added +1.5m |
| Swiss National Bank 0.05% of their portfolio | 1.4m $91.1m | Reduced -82.4k |
| Nuveen, LLC 0.02% of their portfolio | 1.3m $83.8m | Reduced -67.7k |
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $77.3m | Added +901.2k |
| ProShare Advisors LLC 0.14% of their portfolio | 1.2m $77.2m | Added +1.1m |
| J. Safra Sarasin Holding AG 1.11% of their portfolio | 1.1m $68.5m | Added +35.2k |
| ING GROEP NV 0.40% of their portfolio | 1.0m $65.7m | New |
| 1832 Asset Management L.P. 0.08% of their portfolio | 1.0m $64.7m | Reduced -602 |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 954.3k $62.3m | Added +483.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.07% of their portfolio | 733.3k $44.3m | Added +449.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 707.8k $45.7m | Added +643.5k |
| Exane Asset Management 8.78% of their portfolio | 642.4k $41.7m | Reduced -2.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 614.1k $39.7m | Reduced -10.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio | 612.0k $34.6m | New |
| Fisher Asset Management, LLC 0.01% of their portfolio | 591.8k $38.2m | Added +53.6k |
| AVIVA PLC 0.06% of their portfolio | 562.6k $36.5m | Added +11.1k |
| Maryland State Retirement & Pension System 0.74% of their portfolio | 553.3k $36.0m | Reduced -33.7k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 532.6k $34.6m | Reduced -234.1k |
| Partners Group Holding AG 2.47% of their portfolio | 531.7k $34.4m | Added +33.2k |
| M&G PLC 0.17% of their portfolio | 520.2k $33.6m | Reduced -160.7k |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 518.6k $33.7m | Reduced -99.4k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 509.8k $33.1m | Reduced -9.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 504.2k $32.7m | Added +4.4k |
| STATE STREET CORP 0.00% of their portfolio | 450.7k $29.1m | Added +308.1k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 438.8k $28.5m | Added +138.5k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 411.4k $26.6m | Reduced -137.3k |
| Zurich Insurance Group Ltd/FI 0.18% of their portfolio | 392.8k $25.5m | Added +266.6k |
| Thrivent Financial for Lutherans 0.05% of their portfolio | 391.3k $25.4m | Added +214.5k |
| Groupe la Francaise 0.37% of their portfolio | 390.7k $25.4m | Added +210.7k |
| Skye Global Management LP 0.49% of their portfolio | 372.0k $24.0m | Added +10.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.05% of their portfolio | 351.5k $22.9m | Reduced -262.5k |
| TUDOR INVESTMENT CORP ET AL 0.12% of their portfolio | 342.0k $22.1m | Added +154.2k |
| TD Asset Management Inc 0.02% of their portfolio | 337.2k $21.9m | Added +159.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 335.6k $21.7m | Added +322.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 330.2k $21.3m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 318.3k $20.7m | Reduced -1.1k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 318.0k $20.5m | Added +69.2k |
| ACADIAN ASSET MANAGEMENT LLC 0.03% of their portfolio | 315.1k $20.5m | Added +45.2k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 304.7k $19.8m | Added +6.2k |
| SG Americas Securities, LLC 0.03% of their portfolio | 304.5k $19.7m | New |
| Public Sector Pension Investment Board 0.06% of their portfolio | 269.6k $17.5m | Reduced -39.4k |
| Korea Investment CORP 0.03% of their portfolio | 263.0k $17.1m | Reduced -54.5k |
| Quantinno Capital Management LP 0.03% of their portfolio | 255.5k $16.5m | Added +50.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 251.1k $16.2m | Added +123.1k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio | 242.9k $15.7m | New |
| ASR Vermogensbeheer N.V. 0.18% of their portfolio | 233.9k $15.2m | Added +7.1k |
| NEOS Investment Management LLC 0.09% of their portfolio | 233.3k $15.1m | New |
| Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio | 229.6k $14.8m | New |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 221.0k $14.3m | Reduced -1.8m |
| Lansforsakringar Fondforvaltning AB (publ) 0.07% of their portfolio | 214.0k $13.9m | Added +2.2k |
| 71 West Capital Partners 0.57% of their portfolio | 192.3k $12.5m | First filing |
| MARSHALL WACE, LLP 0.01% of their portfolio | 191.3k $12.4m | Added +35.7k |
| Rafferty Asset Management, LLC 0.04% of their portfolio | 184.8k $11.9m | New |
| Susquehanna Portfolio Strategies, LLC 0.18% of their portfolio | 184.5k $11.9m | Added +159.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 179.9k $11.7m | New |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 171.1k $11.1m | New |
| ABN AMRO Bank N.V. 0.10% of their portfolio | 168.6k $10.9m | Added +164.5k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 167.0k $10.8m | Added +156.2k |
| SIH Partners, LLLP 0.62% of their portfolio | 163.9k $10.6m | Added +95.9k |
| GF FUND MANAGEMENT CO. LTD. 0.17% of their portfolio | 154.8k $10.0m | New |
| NOMURA HOLDINGS INC 0.03% of their portfolio | 137.1k $8.9m | New |
| CIBC Asset Management Inc 0.02% of their portfolio | 133.8k $8.6m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 128.0k $8.3m | New |
| COOPER INVESTORS PTY LTD 2.75% of their portfolio | 127.9k $8.3m | Added +424 |
| Triasima Portfolio Management inc. 1.23% of their portfolio | 127.5k $8.2m | Added +5.9k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.54% of their portfolio | 125.4k $8.1m | Added +61.2k |
| FORSTA AP-FONDEN 0.00% of their portfolio | 125.2k $0 | Reduced -290 |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 117.9k $7.6m | Reduced -851.7k |
| Vennlight Capital Management, LP 8.74% of their portfolio | 115.9k $7.5m | New |
| USS Investment Management Ltd 0.04% of their portfolio | 112.8k $7.3m | Added +973 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 111.2k $7.2m | Added +36.3k |
| PRUDENTIAL PLC 0.06% of their portfolio | 109.8k $7.1m | Added +1.6k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 106.8k $6.9m | Reduced -5.2k |