| RANKING | INSTITUTIONAL INVESTORS | SHARES | % OF SHARES | CHANGE YTD | CHANGE % YTD |
|---|---|---|---|---|---|
| 1 | Lazard Asset Management, L.L.C. | 77,355,753 | 5.19% | (954,653) | (1.22%) |
| 2 | The Vanguard Group, Inc. | 26,142,552 | 1.76% | +848,843 | +3.36% |
| 3 |
Norges Bank Investment Management (NBIM) |
12,918,834 | 0.87% | (7,061,155) | (35.34%) |
| 4 | Dimensional Fund Advisors, L.P. | 12,706,472 | 0.85% | +571,627 | +4.71% |
| 5 | Pictet Asset Management Ltd. | 12,266,235 | 0,82% | (1,721,899) | (12.31%) |
| 6 |
BlackRock Institutional Trust Company, N.A. |
11,100,577 | 0.75% | +1,316,950 | +13.46% |
| 7 |
PGGM Vermogensbeheer B.V. |
10,945,892 | 0.73% | +242,523 | +2.27% |
| 8 |
Lazard Asset Management Pacific Company |
10,576,469 | 0.71% | - | - |
| 9 |
State Street Global Advisors (UK) Ltd. |
9,140,542 | 0.61% | (4,013,861) | (30.51%) |
| 10 |
BlackRock Investment Management (UK) Ltd. |
8,228,896 | 0.55% | +574,966 | +7.51% |
| 11 | Royal London Asset Management Ltd. | 7,936,395 | 0.53% | +110,145 | +1.41% |
| 12 |
Goldman Sachs Asset Management, L.P. |
7,653,940 | 0.51% | +7,640,407 | +56457.60% |
| 13 |
Baring Asset Management Ltd. |
6,464,001 | 0.43% | (8,118) | (0.13%) |
| 14 |
First Sentier Investors |
5,816,559 | 0.39% | +1,131,236 | +24.14% |
| 15 |
Stewart Investors |
5,535,484 | 0.37% | +674,350 | +13.87% |
| 16 |
BlackRock Advisors (UK) Limited |
4,545,138 | 0.31% | +92,894 | +2.09% |
| 17 |
DNCA Investments |
3,814,210 | 0.26% | (1,105,000) | (22.46%) |
| 18 | Amundi SGR SpA | 3,643,008 | 0.24% | +2,093,456 | +135.10% |
| 19 |
UBS Asset Management (Americas) LLC |
3,528,522 | 0.24% | +765,181 | +27.69% |
| 20 | CI Global Asset Management | 3,459,794 | 0.23% | +33,866 | +0.99% |
Source: public filing from Refinitiv as of 31 August 2025.
Download Institutional investors
of the Group’s institutional investors
| INVESTMENT STYLE | SHARES | CHANGE YTD | CHANGE % YTD |
|---|---|---|---|
| Value |
147,922,718 |
(1,004,507) |
(0.67%) |
| Growth |
99,187,004 |
+5,487,296 |
+5.86% |
| Index |
68,477,826 |
(2,878,975) |
(4.03%) |
| Other |
13,384,969 |
(4,806,274) |
(26.42%) |
| Totale |
328,972,517 |
(3,202,460) |
(0.96%) |
In a world aware of climate change and with governments committed to building new regulatory frameworks, sustainability makes it possible to look at the medium-long term with less risk. SRI funds, in their financial analysis and investment portfolio construction, take into account also environmental, social and governance risks to invest on companies with a sustainable management. To improve the competitive advantage of risk management in the long term, Hera monitors the different types of ESG commitment of its investors.
Target to 2028: >35% ESG investors
of the Group’s institutional investors
| GEOGRAPHICAL BREAKDOWN | SHARES | CHANGE | CHANGE % |
|---|---|---|---|
| UK | 68,316,299 | (2,439,883) | (3.45%) |
| USA | 164,948,512 | +12,169,064 | +7.97% |
| Italy | 12,630,305 | +313,644 | +2.55% |
| Suisse | 2,560,530 | +592,837 | +30.13% |
| France | 11,759,893 | +1,502,378 | +14.65% |
| Scandinavia | 14,121,478 | (7,051,125) | (33.30%) |
| Holland | 12,564,444 | (1,031,920) | (7.59%) |
| Germany/Austria | 12,191,304 | (6,066,747) | (33.23%) |
| Other | 29,879,752 | (1,190,708) | (3.83%) |
| Totale | 328,972,517 | (3,202,460) | (0.96%) |
hold by shareholders
| NUMBER OF SHARE | N° SHAREHOLDERS | % SHAREHOLDERS | SHARES | % SHARE CAPITAL |
|---|---|---|---|---|
| 1 - 50 | 817 | 3,53% | 13,908 | 0,00% |
| 51 - 100 | 527 | 2.28% | 45,871 | 0,00% |
| 101 - 500 | 3,768 | 16.27% | 1,193,803 | 0,08% |
| 501 - 1.000 | 4,572 | 19.74% | 3,907,167 | 0,27% |
| 1.001 - 5.000 | 9,760 | 42.14% | 25,142,770 | 1,74% |
| 5.001 - 10.000 | 1,638 | 7.07% | 12,256,362 | 0.85% |
| 10.001 - 50.000 | 1,254 | 5.41% | 26,991,393 | 1.87% |
| 50.001 - 100.000 | 193 | 0.83% | 13,573,604 | 0.94% |
| 100.001 - 500.000 | 355 | 1.53% | 84,534,190 | 5.86% |
| 500.001 - 1.000.000 | 108 | 0.47% | 78,360,706 | 5.43% |
| 1.000.001 - 5.000.000 | 129 | 0.56% | 258,609,896 | 17.93% |
| 5.000.001 - 10.000.000 | 19 | 0,08% | 124,274,525 | 8.62% |
| + 10.000.000 | 21 | 0,09% | 813,222,112 | 56.39% |
| Totale | 23,161 | 100,00% | 1,442,126,307 | 100,00% |
| Azioni proprie | 47,412,438 | |||
| Totale azioni emesse | 1,489,538,745 |
Source: company elaboration based on the shareholders base at the time of the 2023 dividend distribution (updated yearly)