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Exor N.V.'s (AMS:EXO) largest shareholders are private companies with 57% ownership, institutions own 25%

Simply Wall St · 06/10 11:38

Key Insights

  • Exor's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public
  • 57% of the company is held by a single shareholder (Giovanni Agnelli B.V.)
  • Institutional ownership in Exor is 25%

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A look at the shareholders of Exor N.V. (AMS:EXO) can tell us which group is most powerful. With 57% stake, private companies possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).

Institutions, on the other hand, account for 25% of the company's stockholders. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time.

Let's delve deeper into each type of owner of Exor, beginning with the chart below.

See our latest analysis for Exor

ownership-breakdown
ENXTAM:EXO Ownership Breakdown June 10th 2025

What Does The Institutional Ownership Tell Us About Exor?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

As you can see, institutional investors have a fair amount of stake in Exor. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Exor, (below). Of course, keep in mind that there are other factors to consider, too.

earnings-and-revenue-growth
ENXTAM:EXO Earnings and Revenue Growth June 10th 2025

Hedge funds don't have many shares in Exor. Looking at our data, we can see that the largest shareholder is Giovanni Agnelli B.V. with 57% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. With 5.1% and 4.2% of the shares outstanding respectively, Baillie Gifford & Co. and Harris Associates L.P. are the second and third largest shareholders.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track.

Insider Ownership Of Exor

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our data suggests that insiders own under 1% of Exor N.V. in their own names. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own €848k worth of shares. Arguably recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.

General Public Ownership

With a 17% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Exor. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Private Company Ownership

We can see that Private Companies own 57%, of the shares on issue. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Be aware that Exor is showing 2 warning signs in our investment analysis , you should know about...

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.