Major Shareholders and Ownership Structure of Ferrari
Ferrari N.V. is a publicly traded company listed on the New York Stock Exchange under the ticker symbol RACE and on the Borsa Italiana. As of the latest available filings, the largest single shareholder is Exor N.V., the Italian holding company controlled by the Agnelli family. Exor holds a significant voting stake through a dual-class share structure that gives it effective control over the company despite not owning a majority of total shares. This ownership model allows the Agnelli family to maintain strategic influence while Ferrari operates as a public entity. The remaining shares are held by institutional investors, mutual funds, and retail traders worldwide. You can review the latest ownership breakdown in the company's annual report and proxy statements on the SEC website SEC filings.
Exor's stake in Ferrari has been a defining feature of the company's ownership for years. The holding company acquired its position through a combination of historical investments and capital market transactions, gradually increasing its influence without fully privatizing the automaker. Exor also holds significant stakes in other major companies such as The Economist, CNH Industrial, and GEDI, but Ferrari remains one of its most high-profile automotive investments. The dual-class share structure means that Exor's shares carry more voting power per share than ordinary public shares. This setup is common among companies that want to preserve long-term strategic vision while accessing public capital markets.
Public Listing, Share Performance, and Market Position
Ferrari completed its initial public offering on the New York Stock Exchange in October 2015, raising significant capital while keeping the Agnelli family at the helm. The IPO was one of the largest in the automotive sector and marked a shift from full private ownership to a hybrid public-private structure. Since then, Ferrari shares have been traded under the ticker RACE, attracting global institutional and retail investors. The stock is often viewed as a bellwether for luxury and high-performance automotive demand. Current market data, share price history, and analyst ratings are available on financial platforms such as Yahoo Finance Yahoo Finance.
Ferrari's market capitalization places it among the most valuable automotive companies in the world, often surpassing legacy manufacturers in per-share valuation despite smaller production volumes. The company focuses on limited-production, high-margin sports cars and racing heritage, which supports premium pricing and strong brand loyalty. Institutional ownership includes major asset managers and pension funds that view Ferrari as a stable luxury-sector holding. Retail investor interest remains high due to the brand's cultural cachet and the scarcity of Ferrari vehicles. The company's financial results, including revenue, net income, and delivery numbers, are reported quarterly and can be accessed through investor relations materials Ferrari Investor Relations.
Corporate Governance and the Role of Exor
Ferrari's corporate governance reflects its dual-class share structure, with Exor holding a controlling voting interest through a special class of shares. The board of directors includes representatives appointed by Exor, ensuring continuity in strategic direction aligned with the Agnelli family's long-term vision. Executive leadership is responsible for day-to-day operations, product development, and racing programs, while the board oversees major decisions and fiduciary duties. Governance reports and board compositions are disclosed in annual filings and on the company's official investor page Ferrari Governance.
The Agnelli family's control through Exor distinguishes Ferrari from other automakers that are fully owned by industrial groups or state entities. This structure provides stability and a clear strategic focus on brand exclusivity, motorsport heritage, and premium product expansion. Ferrari has increasingly diversified into licensing, merchandise,