Two Sigma Advisers, Lp reports 32.63% decrease in ownership of RACE / Ferrari N.V.

Ferrari N.V.

AT ˙ WBAG ˙ NL0011585146

300,10 € ↓ -1,80 (-0,60%)

2026-06-05
DEL PRIS

Security	AT:RACE / Ferrari N.V.
Institution	Two Sigma Advisers, Lp
Latest Disclosed Ownership	28,700 shares
Latest Disclosed Value	$ 10,606,372

On February 17, 2026 - Two Sigma Advisers, Lp filed a 13F-HR form disclosing ownership of 28,700 shares of Ferrari N.V. (AT:RACE) valued at $10,606,372 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 42,600 shares of Ferrari N.V.. This represents a change in shares of -32.63% during the quarter. The current value of the position is $8,612,870 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-02-17	2025-12-31	13F	FERRARI N V	COM	N3167Y103	28,700	-13,900	-32.63	10,606	-48.69	0.0206
2025-11-14	2025-09-30	13F	FERRARI N V	COM	N3167Y103	42,600	-203,000	-82.65	20,670	-82.85	0.0414
2025-08-14	2025-06-30	13F	FERRARI N V	COM	N3167Y103	245,600	45,200	22.55	120,526	40.56	0.2470
2025-05-15	2025-03-31	13F	FERRARI N V	COM	N3167Y103	200,400	55,000	37.83	85,747	38.81	0.1930
2025-02-14	2024-12-31	13F	FERRARI N V	COM	N3167Y103	145,400	-37,600	-20.55	61,772	-28.20	0.1429
2024-11-14	2024-09-30	13F	FERRARI N V	COM	N3167Y103	183,000	-38,100	-17.23	86,030	-4.72	0.2015
2024-08-14	2024-06-30	13F	FERRARI N V	COM	N3167Y103	221,100	36,500	19.77	90,291	12.20	0.2013
2024-05-15	2024-03-31	13F	FERRARI N V	COM	N3167Y103	184,600	-23,400	-11.25	80,475	14.32	0.1864
2024-02-14	2023-12-31	13F	FERRARI N V	COM	N3167Y103	208,000	-57,400	-21.63	70,393	-10.25	0.1648
2023-11-14	2023-09-30	13F	FERRARI N V	COM	N3167Y103	265,400	5,500	2.12	78,436	-7.20	0.2009
2023-08-14	2023-06-30	13F	FERRARI N V	COM	N3167Y103	259,900	33,300	14.70	84,522	37.67	0.2153
2023-05-15	2023-03-31	13F	FERRARI N V	COM	N3167Y103	226,600	113,000	99.47	61,395	152.29	0.1583
2023-02-14	2022-12-31	13F	FERRARI N V	COM	N3167Y103	113,600	-51,600	-31.23	24,335	-20.37	0.0679
2022-11-14	2022-09-30	13F	FERRARI N V	COM	N3167Y103	165,200	-17,500	-9.58	30,562	-8.83	0.0885
2022-08-15	2022-06-30	13F	FERRARI N V	COM	N3167Y103	182,700	63,800	53.66	33,522	29.27	0.0951
2022-05-16	2022-03-31	13F	FERRARI N V	COM	N3167Y103	118,900	99,900	525.79	25,931	427.27	0.0689
2022-02-14	2021-12-31	13F	FERRARI N V	COM	N3167Y103	19,000	17,500	1,166.67	4,918	1,466.24	0.0123
2021-11-15	2021-09-30	13F	FERRARI N V	COM	N3167Y103	1,500	1,500		314		0.0008
2021-08-16	2021-06-30	13F	FERRARI N V	COM	N3167Y103	0	-29,200	-100.00	0	-100.00
2021-05-17	2021-03-31	13F	FERRARI N V	COM	N3167Y103	29,200	-8,200	-21.93	6,111	-28.81	0.0168
2021-02-16	2020-12-31	13F	FERRARI N V	COM	N3167Y103	37,400	-15,100	-28.76	8,584	-11.18	0.0229
2020-11-16	2020-09-30	13F	FERRARI N V	COM	N3167Y103	52,500	-42,900	-44.97	9,665	-40.76	0.0276
2020-09-15	2020-06-30	13F/A-1	FERRARI N V	COM	N3167Y103	95,400	9,300	10.80	16,314	24.19	0.0479
2020-08-14	2020-06-30	13F	FERRARI N V	COM	N3167Y103	95,400	9,300		16,314		47,142.0419
2020-05-15	2020-03-31	13F	FERRARI N V	COM	N3167Y103	86,100	-166,121	-65.86	13,136	-68.54	0.0503
2020-02-14	2019-12-31	13F	FERRARI N V	COM	N3167Y103	252,221	3,120	1.25	41,753	8.78	0.0969
2019-11-14	2019-09-30	13F	FERRARI N V	COM	N3167Y103	249,101	14,880	6.35	38,384	1.52	0.0940
2019-08-14	2019-06-30	13F	FERRARI N V	COM	N3167Y103	234,221	129,821	124.35	37,808	170.66	0.0941
2019-05-15	2019-03-31	13F	FERRARI N V	COM	N3167Y103	104,400	12,400	13.48	13,969	52.73	0.0352
2019-02-14	2018-12-31	13F	FERRARI N V	COM	N3167Y103	92,000	-90,084	-49.47	9,146	-63.53	0.0250
2018-11-14	2018-09-30	13F	FERRARI N V	COM	N3167Y103	182,084	182,084		25,079		0.0612
2018-08-14	2018-06-30	13F	FERRARI N V	COM	N3167Y103	0	-14,174	-100.00	0	-100.00
2018-05-15	2018-03-31	13F	FERRARI N V	COM	N3167Y103	14,174	-14,600	-50.74	1,708	-43.39	0.0046
2018-02-14	2017-12-31	13F	FERRARI N V	COM	N3167Y103	28,774	-324,517	-91.86	3,017	-92.27	0.0081
2017-11-14	2017-09-30	13F	FERRARI N V	COM	N3167Y103	353,291	-96,153	-21.39	39,032	0.96	0.1106
2017-08-14	2017-06-30	13F	FERRARI N V	COM	N3167Y103	449,444	182,006	68.06	38,661	94.40	0.1276
2017-05-15	2017-03-31	13F	FERRARI N V	COM	N3167Y103	267,438	267,438		19,887		0.0652

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.