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 ($1.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $64.58. Options: 7 managers hold calls ($69.1m notional), 7 hold puts ($43.8m).
Trends to Q1 2026
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 |
| Q1 2026 | 316 |
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 |
| Q1 2026 | 179 | 120 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $43.9m | $1.6m | 0.04 |
| Q3 2025 | $103.3m | $27.5m | 0.27 |
| Q4 2025 | $91.4m | $27.5m | 0.30 |
| Q1 2026 | $69.1m | $43.8m | 0.63 |
Biggest buyers
| Amundi | Added | +4.4m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Added | +2.5m |
| CITIGROUP INC | Added | +1.9m |
| FMR LLC | Added | +1.8m |
| DNCA FINANCE | New | +574.1k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | New | +395.9k |
| Swiss National Bank | Added | +375.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +361.0k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +244.4k |
| Nuveen, LLC | Added | +243.4k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -3.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -2.6m |
| FIL Ltd | Reduced | -2.3m |
| UBS Group AG | Reduced | -1.7m |
| Invesco Ltd. | Reduced | -1.5m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.1m |
| Banco Santander, S.A. | Reduced | -958.0k |
| BARCLAYS PLC | Reduced | -900.7k |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -515.8k |
| DEUTSCHE BANK AG\ | Reduced | -463.3k |
Biggest calls
| SIH Partners, LLLP | Added | $47.2m725.6k shares |
| GOLDMAN SACHS GROUP INC | Added | $16.0m245.7k shares |
| JPMORGAN CHASE & CO | Reduced | $2.4m39.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.4m22.0k shares |
| CITADEL ADVISORS LLC | New | $956.2k14.7k shares |
| SIMPLEX TRADING, LLC | New | $884.7k13.6k shares |
| IMC-Chicago, LLC | New | $240.7k3.7k shares |
Biggest puts
| SIH Partners, LLLP | Added | $31.5m484.7k shares |
| UBS Group AG | New | $6.5m100.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.4m52.1k shares |
| JPMORGAN CHASE & CO | Reduced | $1.4m22.9k shares |
| CITADEL ADVISORS LLC | New | $735.1k11.3k shares |
| GROUP ONE TRADING LLC | Unchanged | $130.1k2.0k shares |
| SIMPLEX TRADING, LLC | New | $65.0k1.0k 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 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
| Manager | Shares | Change |
|---|---|---|
| TCI FUND MANAGEMENT LTD 2.94% of their portfolio | 20.7m $1.3bn | Unchanged |
| Invesco Ltd. 0.12% of their portfolio | 19.5m $1.3bn | Reduced -1.5m |
| Amundi 0.27% of their portfolio | 15.3m $995.4m | Added +4.4m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 14.1m $916.4m | First filing |
| LAZARD ASSET MANAGEMENT LLC 1.37% of their portfolio | 13.0m $830.4m | Reduced -515.8k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 10.7m $693.1m | Reduced -2.6m |
| Banco Santander, S.A. 4.71% of their portfolio | 8.7m $584.4m | Reduced -958.0k |
| FIL Ltd 0.38% of their portfolio | 7.6m $495.0m | Reduced -2.3m |
| FMR LLC 0.02% of their portfolio | 7.1m $458.8m | Added +1.8m |
| BARCLAYS PLC 0.16% of their portfolio | 6.9m $449.4m | Reduced -900.7k |
| UBS Group AG 0.08% of their portfolio | 6.7m $435.6m | Reduced -1.7m |
| Legal & General Group Plc 0.09% of their portfolio | 6.2m $399.0m | Added +17.9k |
| CITIGROUP INC 0.24% of their portfolio | 6.0m $381.9m | Added +1.9m |
| VANGUARD FIDUCIARY TRUST CO 0.07% of their portfolio | 4.2m $270.3m | First filing |
| DEUTSCHE BANK AG\ 0.09% of their portfolio | 4.1m $264.5m | Reduced -463.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.5m $215.7m | Reduced -3.0m |
| LANDESBANK BADEN-WUERTTEMBERG 42.07% of their portfolio | 3.2m $206.1m | Unchanged |
| Clearbridge Investments, LLC 0.18% of their portfolio | 3.2m $205.1m | Added +190.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.23% of their portfolio | 3.1m $200.4m | Added +2.5m |
| CREDIT AGRICOLE S A 0.57% of their portfolio | 2.7m $174.7m | Added +118.9k |
| Bank of Italy 7.67% of their portfolio | 2.7m $169.7m | Unchanged |
| ANTIPODES PARTNERS Ltd 3.19% of their portfolio | 2.6m $165.6m | Added +187.2k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.12% of their portfolio | 2.2m $144.1m | First filing |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 2.1m $135.2m | Reduced -208.9k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.8m $119.6m | Added +3.2k |
| Swiss National Bank 0.07% of their portfolio | 1.8m $113.6m | Added +375.6k |
| THORNBURG INVESTMENT MANAGEMENT INC 1.16% of their portfolio | 1.7m $111.6m | Added +15.1k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.10% of their portfolio | 1.7m $110.8m | Reduced -310.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.7m $109.5m | Reduced -1.1m |
| DekaBank Deutsche Girozentrale 0.17% of their portfolio | 1.6m $105.3m | Added +10 |
| Nuveen, LLC 0.03% of their portfolio | 1.5m $97.9m | Added +243.4k |
| BlackRock, Inc. 0.00% of their portfolio | 1.5m $96.2m | Reduced -32.8k |
| 1832 Asset Management L.P. 0.10% of their portfolio | 1.2m $76.3m | Added +171.2k |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 1.2m $73.4m | Added +206.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.09% of their portfolio | 1.1m $64.5m | Added +361.0k |
| J. Safra Sarasin Holding AG 1.17% of their portfolio | 1.1m $68.6m | Added +20.1k |
| ING GROEP NV 0.41% of their portfolio | 1.0m $66.3m | Added +2.5k |
| ProShare Advisors LLC 0.09% of their portfolio | 967.0k $62.9m | Reduced -227.7k |
| MORGAN STANLEY 0.00% of their portfolio | 956.4k $62.2m | Reduced -240.2k |
| Fisher Asset Management, LLC 0.01% of their portfolio | 647.7k $42.1m | Added +55.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 613.2k $39.9m | Reduced -873 |
| Maryland State Retirement & Pension System 0.77% of their portfolio | 593.0k $38.0m | Added +39.7k |
| DNCA FINANCE 2.10% of their portfolio | 574.1k $36.7m | New |
| AVIVA PLC 0.06% of their portfolio | 567.8k $36.2m | Added +5.2k |
| M&G PLC 0.18% of their portfolio | 561.5k $35.7m | Added +41.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.05% of their portfolio | 559.6k $35.7m | Added +244.4k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 555.5k $35.5m | Added +45.6k |
| Exane Asset Management 7.19% of their portfolio | 551.4k $35.2m | Reduced -91.0k |
| Partners Group Holding AG 1.92% of their portfolio | 538.1k $25.9m | Added +6.4k |
| Pictet Asset Management Holding SA 0.04% of their portfolio | 533.7k $34.1m | Added +15.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 504.2k $32.3m | Unchanged |
| Skye Global Management LP 0.66% of their portfolio | 472.0k $30.7m | Added +100.0k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 455.0k $29.1m | Reduced -77.6k |
| STATE STREET CORP 0.00% of their portfolio | 437.0k $28.4m | Reduced -13.6k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 400.2k $25.6m | Reduced -38.6k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.23% of their portfolio | 395.9k $21.9m | New |
| NEOS Investment Management LLC 0.13% of their portfolio | 390.2k $25.4m | Added +156.8k |
| Thrivent Financial for Lutherans 0.05% of their portfolio | 375.3k $24.0m | Reduced -15.9k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.05% of their portfolio | 371.0k $23.7m | Added +19.4k |
| TD Asset Management Inc 0.02% of their portfolio | 351.6k $22.6m | Added +14.4k |
| Quantinno Capital Management LP 0.04% of their portfolio | 332.5k $21.6m | Added +76.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 319.0k $20.7m | Reduced -388.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 311.0k $20.2m | Reduced -19.2k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 296.3k $18.9m | Reduced -8.5k |
| Zurich Insurance Group Ltd/FI 0.15% of their portfolio | 293.1k $18.7m | Reduced -99.7k |
| Public Sector Pension Investment Board 0.06% of their portfolio | 283.9k $18.8m | Added +14.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 265.1k $16.8m | Reduced -53.3k |
| Korea Investment CORP 0.03% of their portfolio | 255.8k $16.3m | Reduced -7.2k |
| SG Americas Securities, LLC 0.02% of their portfolio | 249.5k $16.2m | Reduced -54.9k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 246.7k $16.0m | Added +235.5k |
| Vanguard Investments Australia, Ltd. 0.05% of their portfolio | 241.3k $15.7m | First filing |
| Vontobel Holding Ltd. 0.05% of their portfolio | 238.7k $15.3m | Added +167.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 236.4k $15.4m | Reduced -14.7k |
| Lansforsakringar Fondforvaltning AB (publ) 0.07% of their portfolio | 219.3k $14.0m | Added +5.2k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.80% of their portfolio | 214.3k $14.8m | Added +88.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio | 206.9k $13.5m | Reduced -36.0k |
| 71 West Capital Partners 0.58% of their portfolio | 205.3k $13.1m | Added +12.9k |
| ASR Vermogensbeheer N.V. 0.15% of their portfolio | 204.4k $13.1m | Reduced -29.4k |
| Andra AP-fonden 0.13% of their portfolio | 203.4k $11.3m | Added +151.0k |
| Vennlight Capital Management, LP 13.18% of their portfolio | 200.5k $13.0m | Added +84.6k |
| ABN AMRO Bank N.V. 0.13% of their portfolio | 190.8k $12.3m | Added +22.1k |
| Rafferty Asset Management, LLC 0.05% of their portfolio | 184.7k $12.0m | Reduced -38 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 162.0k $10.3m | Reduced -17.9k |
| SEB Asset Management AB 0.04% of their portfolio | 159.4k $10.2m | First filing |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 159.3k $10.3m | Reduced -7.7k |
| Susquehanna Portfolio Strategies, LLC 0.15% of their portfolio | 157.3k $10.2m | Reduced -27.2k |
| GF FUND MANAGEMENT CO. LTD. 0.16% of their portfolio | 150.4k $9.8m | Reduced -4.4k |
| Triasima Portfolio Management inc. 1.39% of their portfolio | 141.0k $9.2m | Added +13.5k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 133.6k $8.7m | First filing |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 133.3k $8.7m | Reduced -87.7k |
| CIBC Asset Management Inc 0.02% of their portfolio | 126.8k $8.3m | Reduced -6.9k |
| Squarepoint Ops LLC 0.02% of their portfolio | 126.7k $8.2m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 119.9k $7.8m | Reduced -8.1k |
| USS Investment Management Ltd 0.03% of their portfolio | 112.8k $7.2m | Unchanged |
| Schonfeld Strategic Advisors LLC 0.06% of their portfolio | 110.9k $7.2m | Added +81.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 110.8k $7.1m | Reduced -389 |
| COOPER INVESTORS PTY LTD 2.77% of their portfolio | 104.4k $6.8m | Reduced -23.6k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 104.2k $6.7m | Added +7.7k |
| PRUDENTIAL PLC 0.05% of their portfolio | 102.5k $6.6m | Reduced -7.3k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 98.7k $6.4m | Reduced -8.1k |