Vault-13

FERROVIAL SE FER

ORD SHS · Common Stock · CUSIP N3168P101

335 institutional holders +19 vs Q1 2026
240,999,873241.0m shares reported held*
$16.5bnreported value*
50 new 150 added 105 reduced 31 sold out net bought ≈ $916.1m (+13.4m 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 ($22.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $68.48. Options: 9 managers hold calls ($23.0m notional), 7 hold puts ($46.8m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q2 24: 88Q3 24: 109Q4 24: 135Q1 25: 147Q2 25: 174Q3 25: 204Q4 25: 274Q1 26: 316Q2 26: 335335Q2 24Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q2 202488
Q3 2024109
Q4 2024135
Q1 2025147
Q2 2025174
Q3 2025204
Q4 2025274
Q1 2026316
Q2 2026335

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 62 bought or addedQ3 24: 38 cut or sold outQ4 24: 71 bought or addedQ4 24: 59 cut or sold outQ4 24Q1 25: 87 bought or addedQ1 25: 52 cut or sold outQ2 25: 123 bought or addedQ2 25: 49 cut or sold outQ2 25Q3 25: 134 bought or addedQ3 25: 68 cut or sold outQ4 25: 186 bought or addedQ4 25: 83 cut or sold outQ4 25Q1 26: 179 bought or addedQ1 26: 120 cut or sold outQ2 26: 200 bought or addedQ2 26: 136 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20246238
Q4 20247159
Q1 20258752
Q2 202512349
Q3 202513468
Q4 202518683
Q1 2026179120
Q2 2026200136

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 25 calls: $103.3mQ3 25 puts: $27.5mQ3 25P/C 0.27Q4 25 calls: $91.4mQ4 25 puts: $27.5mQ4 25P/C 0.30Q1 26 calls: $69.1mQ1 26 puts: $43.8mQ1 26P/C 0.63Q2 26 calls: $23.0mQ2 26 puts: $46.8mQ2 26P/C 2.03
Numbers
QuarterCallsPutsP/C
Q3 2025$103.3m$27.5m0.27
Q4 2025$91.4m$27.5m0.30
Q1 2026$69.1m$43.8m0.63
Q2 2026$23.0m$46.8m2.03

Biggest buyers

UBS Group AG Added +4,205,241+4.2m
GOLDMAN SACHS GROUP INC Added +2,893,353+2.9m
Amundi Added +2,866,607+2.9m
CITIGROUP INC Added +2,181,767+2.2m
ONTARIO TEACHERS PENSION PLAN BOARD New +2,154,592+2.2m
LAZARD ASSET MANAGEMENT LLC Added +1,855,176+1.9m
BARCLAYS PLC Added +1,405,470+1.4m
Banco Santander, S.A. Added +1,093,566+1.1m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Added +1,021,463+1.0m
FMR LLC Added +487,694+487.7k

Biggest sellers

FIL Ltd Reduced -3,192,809-3.2m
BANK OF AMERICA CORP /DE/ Reduced -2,527,302-2.5m
DEUTSCHE BANK AG\ Reduced -1,244,705-1.2m
Clearbridge Investments, LLC Reduced -684,263-684.3k
DNCA FINANCE Sold out -574,068-574.1k
Legal & General Group Plc Reduced -469,971-470.0k
VANGUARD CAPITAL MANAGEMENT LLC Reduced -436,280-436.3k
Bank of Italy Reduced -394,290-394.3k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -298,979-299.0k
JPMORGAN CHASE & CO Reduced -297,786-297.8k

Biggest calls

MILLENNIUM MANAGEMENT LLC New $13.8m230.0k shares
SIH Partners, LLLP Reduced $3.1m44.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.3m19.5k shares
JANE STREET GROUP, LLC New $1.2m18.0k shares
CITADEL ADVISORS LLC Added $1.1m16.6k shares
Twin Tree Management, LP New $933.1k13.6k shares
JPMORGAN CHASE & CO Reduced $711.3k10.4k shares
SIMPLEX TRADING, LLC Reduced $528.3k7.7k shares
GROUP ONE TRADING LLC New $274.4k4.0k shares

Biggest puts

JPMORGAN CHASE & CO Added $23.3m340.9k shares
SIH Partners, LLLP Reduced $18.0m262.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.9m57.1k shares
CITADEL ADVISORS LLC Unchanged $775.3k11.3k shares
JANE STREET GROUP, LLC New $301.9k4.4k shares
IMC-Chicago, LLC New $288.2k4.2k shares
SIMPLEX TRADING, LLC Added $150.9k2.2k 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
Rijn Capital SARL 13G · exempt (held before listing) filed 2026-07-29 22.3% 159.5m≈ $10.9bn 2026-07-29
del Pino Calvo-Sotelo Maria 13G · exempt (held before listing) filed 2025-11-13 8.8% 62.9m≈ $4.3bn 2025-11-13
BlackRock, Inc. 13G · institution new · filed 2026-10-27 5.0% new 36.8m≈ $2.5bn 2026-10-27

Insider purchases and sales since 1 Apr 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 since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TCI FUND MANAGEMENT LTD 2.72% of their portfolio LONDON, X0 20,940,44120.9m $1.4bn $1.4bn 2.72% Added +200.2k +200,227
2 Invesco Ltd. 0.11% of their portfolio ATLANTA, GA 19,812,71619.8m $1.4bn $1.4bn 0.11% Added +341.8k +341,772
3 Amundi 0.30% of their portfolio Paris, I0 18,168,42718.2m $1.2bn $1.2bn 0.30% Added +2.9m +2,866,607
4 LAZARD ASSET MANAGEMENT LLC 1.54% of their portfolio NEW YORK, NY 14,820,72314.8m $1.0bn $1.0bn 1.54% Added +1.9m +1,855,176
5 VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio MALVERN, PA 13,649,89013.6m $935.6m $935.6m 0.02% Reduced -436.3k -436,280
6 UBS Group AG 0.12% of their portfolio ZURICH, V8 10,902,29010.9m $748.0m $748.0m 0.12% Added +4.2m +4,205,241
7 Banco Santander, S.A. 4.19% of their portfolio Madrid, U3 9,814,0169.8m $673.3m $673.3m 4.19% Added +1.1m +1,093,566
8 NORGES BANK 0.06% of their portfolio OSLO, Q8 9,191,7629.2m $629.7m $629.7m 0.06% Not comparable
9 BARCLAYS PLC 0.18% of their portfolio LONDON, X0 8,314,2268.3m $570.4m $570.4m 0.18% Added +1.4m +1,405,470
10 CITIGROUP INC 0.26% of their portfolio NEW YORK, NY 8,162,7388.2m $559.8m $559.8m 0.26% Added +2.2m +2,181,767
11 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 8,127,5868.1m $557.6m $557.6m 0.04% Reduced -2.5m -2,527,302
12 FMR LLC 0.02% of their portfolio BOSTON, MA 7,540,7957.5m $516.8m $516.8m 0.02% Added +487.7k +487,694
13 Legal & General Group Plc 0.08% of their portfolio London, X0 5,776,9185.8m $396.2m $396.2m 0.08% Reduced -470.0k -469,971
14 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 4,576,5654.6m $314.0m $314.0m 0.03% Added +2.9m +2,893,353
15 FIL Ltd 0.22% of their portfolio HAMILTON, D0 4,415,9744.4m $302.6m $302.6m 0.22% Reduced -3.2m -3,192,809
16 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.28% of their portfolio Paris, I0 4,149,5354.1m $283.6m $283.6m 0.28% Added +1.0m +1,021,463
17 VANGUARD FIDUCIARY TRUST CO 0.06% of their portfolio MALVERN, PA 4,014,6574.0m $275.2m $275.2m 0.06% Reduced -140.1k -140,128
18 LANDESBANK BADEN-WUERTTEMBERG 82.67% of their portfolio STUTTGART BADEN-WUERTTEMBERG, 2M 3,250,0003.2m $222.2m $222.2m 82.67% Unchanged
19 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,168,3873.2m $216.7m $216.7m 0.01% Reduced -297.8k -297,786
20 DEUTSCHE BANK AG\ 0.06% of their portfolio FRANKFURT AM MAIN, 2M 2,822,1572.8m $193.6m $193.6m 0.06% Reduced -1.2m -1,244,705
21 ANTIPODES PARTNERS Ltd 3.36% of their portfolio ROYAL EXCHANGE, C3 2,677,1532.7m $183.6m $183.6m 3.36% Added +83.5k +83,485
22 Clearbridge Investments, LLC 0.14% of their portfolio NEW YORK, NY 2,469,3902.5m $169.4m $169.4m 0.14% Reduced -684.3k -684,263
23 CREDIT AGRICOLE S A 0.42% of their portfolio Montrouge Cedex, I0 2,417,3682.4m $165.9m $165.9m 0.42% Reduced -267.8k -267,812
24 Bank of Italy 7.06% of their portfolio ROME, L6 2,268,9082.3m $155.1m $155.1m 7.06% Reduced -394.3k -394,290
25 VANGUARD ASSET MANAGEMENT, Ltd 0.11% of their portfolio London, EC4N 8AF, X0 2,268,3382.3m $155.5m $155.5m 0.11% Added +52.8k +52,836
26 ONTARIO TEACHERS PENSION PLAN BOARD 0.94% of their portfolio Toronto, A6 2,154,5922.2m $147.6m $147.6m 0.94% New
27 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.11% of their portfolio FRANKFURT AM MAIN, 2M 2,042,5012.0m $140.1m $140.1m 0.11% Added +307.2k +307,171
28 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,813,7391.8m $124.4m $124.4m 0.02% Reduced -25.5k -25,511
29 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio BOSTON, MA 1,803,0291.8m $123.6m $123.6m 0.05% Reduced -299.0k -298,979
30 THORNBURG INVESTMENT MANAGEMENT INC 1.12% of their portfolio SANTA FE, NM 1,712,6971.7m $117.3m $117.3m 1.12% Reduced -26.6k -26,644
31 DekaBank Deutsche Girozentrale 0.19% of their portfolio FRANKFURT, 2M 1,628,8461.6m $115.0m $115.0m 0.19% Reduced -10 -10
32 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,622,8641.6m $111.3m $111.3m 0.00% Added +144.4k +144,372
33 Swiss National Bank 0.06% of their portfolio ZURICH, V8 1,610,0241.6m $110.1m $110.1m 0.06% Reduced -168.4k -168,446
34 Nuveen, LLC 0.02% of their portfolio CHARLOTTE, NC 1,460,7111.5m $100.2m $100.2m 0.02% Reduced -72.7k -72,723
35 ING GROEP NV 0.39% of their portfolio AMSTERDAM, P7 1,162,7491.2m $79.6m $79.6m 0.39% Added +143.9k +143,939
36 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.08% of their portfolio CAUSEWAY BAY, K3 1,125,4061.1m $70.4m $70.4m 0.08% Added +31.1k +31,084
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,106,0141.1m $75.9m $75.9m 0.00% Added +149.6k +149,647
38 J. Safra Sarasin Holding AG 0.99% of their portfolio BASEL, V8 1,071,5051.1m $68.7m $68.7m 0.99% Reduced -3.2k -3,166
39 Russell Investments Group, Ltd. 0.06% of their portfolio Seattle, WA 1,065,2921.1m $72.9m $72.9m 0.06% Reduced -95.0k -94,966
40 1832 Asset Management L.P. 0.08% of their portfolio TORONTO, A6 979,323979.3k $67.2m $67.2m 0.08% Reduced -193.9k -193,920
41 ProShare Advisors LLC 0.07% of their portfolio BETHESDA, MD 726,134726.1k $49.8m $49.8m 0.07% Reduced -240.9k -240,913
42 Fisher Asset Management, LLC 0.01% of their portfolio PLANO, TX 676,569676.6k $46.4m $46.4m 0.01% Added +28.8k +28,842
43 Skye Global Management LP 0.88% of their portfolio WEST PALM BEACH, FL 656,000656.0k $45.0m $45.0m 0.88% Added +184.0k +184,000
44 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 610,004610.0k $41.9m $41.9m 0.00% Reduced -3.2k -3,190
45 Maryland State Retirement & Pension System 0.69% of their portfolio BALTIMORE, MD 591,089591.1k $40.5m $40.5m 0.69% Reduced -1.9k -1,945
46 AVIVA PLC 0.06% of their portfolio LONDON, X0 575,120575.1k $39.4m $39.4m 0.06% Added +7.3k +7,315
47 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 544,539544.5k $34.8m $34.8m 0.04% Reduced -10.9k -10,916
48 M&G PLC 0.18% of their portfolio London, X0 537,348537.3k $36.8m $36.8m 0.18% Reduced -24.2k -24,165
49 Pictet Asset Management Holding SA 0.03% of their portfolio CAROUGE, V8 532,768532.8k $36.5m $36.5m 0.03% Reduced -974 -974
50 Vontobel Holding Ltd. 0.12% of their portfolio ZURICH, V8 531,457531.5k $36.4m $36.4m 0.12% Added +292.8k +292,806
51 Partners Group Holding AG 2.46% of their portfolio BAAR-ZUG, V8 521,376521.4k $36.1m $36.1m 2.46% Reduced -16.7k -16,708
52 CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio TORONTO ONTARIO, A6 509,081509.1k $34.9m $34.9m 0.02% Added +4.9k +4,867
53 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 495,235495.2k $34.0m $34.0m 0.03% Added +248.5k +248,543
54 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 477,578477.6k $32.8m $32.8m 0.02% Added +158.6k +158,606
55 Quantinno Capital Management LP 0.04% of their portfolio NEW YORK, NY 462,409462.4k $31.7m $31.7m 0.04% Added +130.0k +129,958
56 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 459,827459.8k $31.5m $31.5m 0.02% Added +4.8k +4,833
57 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 445,653445.7k $30.6m $30.6m 0.00% Added +8.6k +8,643
58 Groupe la Francaise 0.37% of their portfolio PARIS, I0 436,648436.6k $30.0m $30.0m 0.37% Added +377.7k +377,714
59 NEOS Investment Management LLC 0.11% of their portfolio Westport, CT 430,508430.5k $29.5m $29.5m 0.11% Added +40.3k +40,329
60 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 425,405425.4k $29.1m $29.1m 0.01% Added +25.2k +25,188
61 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 419,303419.3k $28.8m $28.8m 0.05% Added +44.0k +43,954
62 SIH Partners, LLLP 1.20% of their portfolio Wilmington, DE 419,281419.3k $28.8m $28.8m 1.20% Added +360.3k +360,313
63 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio TORONTO, A6 411,689411.7k $28.2m $28.2m 0.04% Added +204.8k +204,835
64 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.22% of their portfolio CHICAGO, IL 392,909392.9k $23.6m $23.6m 0.22% Reduced -3.0k -2,991
65 Zurcher Kantonalbank (Zurich Cantonalbank) 0.05% of their portfolio ZURICH, V8 369,697369.7k $25.4m $25.4m 0.05% Reduced -1.3k -1,271
66 Exane Asset Management 9.12% of their portfolio PARIS, I0 368,047368.0k $25.2m $25.2m 9.12% Reduced -183.4k -183,360
67 TD Asset Management Inc 0.02% of their portfolio Toronto, A6 349,193349.2k $23.9m $23.9m 0.02% Reduced -2.4k -2,435
68 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 348,570348.6k $23.9m $23.9m 0.01% Added +99.0k +99,041
69 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 309,013309.0k $21.2m $21.2m 0.01% Added +276.5k +276,454
70 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 300,708300.7k $20.6m $20.6m 0.01% Reduced -10.3k -10,303
71 Jupiter Topco LLC 0.01% of their portfolio NEW YORK, NY 296,494296.5k $20.3m $20.3m 0.01% First filing
72 Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio SEOUL, M5 292,100292.1k $20.0m $20.0m 0.04% Added +291.5k +291,525
73 ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio Boston, MA 291,081291.1k $20.0m $20.0m 0.02% Reduced -268.5k -268,510
74 Public Sector Pension Investment Board 0.05% of their portfolio MONTREAL, A8 283,239283.2k $19.2m $19.2m 0.05% Reduced -695 -695
75 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 251,102251.1k $17.2m $17.2m 0.01% Reduced -14.0k -13,964
76 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 247,071247.1k $17.0m $17.0m 0.00% Added +10.7k +10,670
77 Korea Investment CORP 0.03% of their portfolio SEOUL, M5 246,379246.4k $16.9m $16.9m 0.03% Reduced -9.4k -9,392
78 Vanguard Investments Australia, Ltd. 0.04% of their portfolio Victoria, C3 229,291229.3k $15.7m $15.7m 0.04% Reduced -12.0k -12,039
79 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 223,596223.6k $15.3m $15.3m 0.01% Added +197.6k +197,605
80 71 West Capital Partners 0.50% of their portfolio BOSTON, MA 211,595211.6k $14.5m $14.5m 0.50% Added +6.3k +6,333
81 Rafferty Asset Management, LLC 0.03% of their portfolio New York, NY 203,602203.6k $14.0m $14.0m 0.03% Added +18.9k +18,885
82 Fideuram Asset Management (Ireland) dac 0.22% of their portfolio DUBLIN 1, L2 194,443194.4k $11.6m $11.6m 0.22% Added +158.8k +158,786
83 ABN AMRO Bank N.V. 0.17% of their portfolio AMSTERDAM, P7 192,004192.0k $13.1m $13.1m 0.17% Added +1.2k +1,235
84 Susquehanna Portfolio Strategies, LLC 0.20% of their portfolio Bala Cynwyd, PA 181,857181.9k $12.5m $12.5m 0.20% Added +24.6k +24,581
85 Lansforsakringar Fondforvaltning AB (publ) 0.06% of their portfolio Stockholm, V7 180,676180.7k $12.4m $12.4m 0.06% Reduced -38.6k -38,576
86 Vanguard Global Advisers, LLC 0.01% of their portfolio MALVERN, PA 178,180178.2k $12.2m $12.2m 0.01% Added +44.5k +44,537
87 Zurich Insurance Group Ltd/FI 0.08% of their portfolio ZURICH, V8 177,951178.0k $12.2m $12.2m 0.08% Reduced -115.2k -115,163
88 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 173,665173.7k $11.9m $11.9m 0.01% Added +152.0k +151,965
89 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 167,185167.2k $11.5m $11.5m 0.00% Added +94.0k +93,976
90 XTX Topco Ltd 0.15% of their portfolio LONDON, X0 165,184165.2k $11.3m $11.3m 0.15% Added +80.2k +80,226
91 SEB Asset Management AB 0.04% of their portfolio STOCKHOLM, V7 164,693164.7k $11.3m $11.3m 0.04% Added +5.3k +5,286
92 PRUDENTIAL PLC 0.07% of their portfolio LONDON, X0 157,981158.0k $10.8m $10.8m 0.07% Added +55.4k +55,440
93 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 148,976149.0k $10.2m $10.2m 0.02% Reduced -13.0k -13,029
94 GF FUND MANAGEMENT CO. LTD. 0.12% of their portfolio GUANGZHOU, F4 145,294145.3k $10.0m $10.0m 0.12% Reduced -5.1k -5,073
95 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 144,466144.5k $9.9m $9.9m 0.00% New
96 OCCUDO QUANTITATIVE STRATEGIES LP 0.50% of their portfolio FORT LAUDERDALE, FL 137,391137.4k $9.4m $9.4m 0.50% Reduced -76.9k -76,944
97 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 136,404136.4k $8.9m $8.9m 0.00% Added +47.2k +47,238
98 CAPITAL FUND MANAGEMENT S.A. 0.06% of their portfolio PARIS, I0 131,412131.4k $9.0m $9.0m 0.06% Added +68.3k +68,280
99 COOPER INVESTORS PTY LTD 4.07% of their portfolio MELBOURNE, VICTORIA, C3 129,165129.2k $8.9m $8.9m 4.07% Added +24.8k +24,783
100 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 127,416127.4k $8.7m $8.7m 0.01% Reduced -5.9k -5,874