SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Bank of Italy

CIK 0001426449 · 91, NAZIONALE ST., ROME, L6, 00184 · 0039647921

Reported Value
$2.3B
Q4 2025
Positions
8
Filings on Record
29
2019–present window
Filed
Jan 27, 2026
original filing

Summary

Bank Of Italy reported $2.3B in U.S.-listed holdings across 8 positions for Q4 2025.

The portfolio is heavily concentrated: RACE alone accounts for 39.4% of reported value.

Compared with Q3 2025, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+14.5%
vs prior filed quarter
Largest Position
+39.4%
Ferrari N V
New / Exited
1 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $2.0BQ1 ’19Q2 ’19: $1.9BQ3 ’19: $1.8BQ4 ’19: $2.0BQ1 ’20: $1.7BQ1 ’20Q2 ’20: $2.1BQ3 ’20: $2.3BQ4 ’20: $2.3BQ1 ’21: $2.2BQ1 ’21Q2 ’21: $2.6BQ3 ’21: $2.7BQ4 ’21: $3.1BQ1 ’22: $2.8BQ1 ’22Q2 ’22: $2.4BQ3 ’22: $2.3BQ4 ’22: $2.6BQ1 ’23: $3.0BQ1 ’23Q2 ’23: $3.2BQ3 ’23: $3.1BQ4 ’23: $3.1BQ1 ’24: $3.6BQ1 ’24Q2 ’24: $2.6BQ3 ’24: $2.4BQ4 ’24: $2.0BQ1 ’25: $1.9BQ1 ’25Q2 ’25: $2.1BQ3 ’25: $2.1BQ4 ’25: $2.3BQ1 ’26: $2.2BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 82.7%ETP: 17.3%
  • Common Stock · 82.7% · $1.9B
  • ETP · 17.3% · $399M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TTETOTALENERGIES SENEW+6.48M6.48M+$423M$423M
QIAGEN NVSOLD OUT−799.6K0−$35M$0
FERFERROVIAL SEADDED+459.2K2.66M+$47M$173M
STLASTELLANTIS N.VHELD−675.0K35.96M+$61M$400M
RACEFERRARI N VHELD−39.5K2.42M−$283M$907M
DBX ETF TRHELD+02.55M+$6M$162M
SUSLISHARES TRHELD+0887.8K+$4M$108M
EFIVSPDR SERIES TRUSTHELD+0771.1K+$2M$51M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

7 positions (from 8 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RACEFERRARI N Vhistory →COM39.42%$907M2.42M
2TTETOTALENERGIES SEhistory →ACT18.37%$423M6.48M
3STLASTELLANTIS N.Vhistory →SHS17.36%$400M35.96M
4DBX ETF TRXTRACKERS MSCI10.44%$240M4.42M
5FERFERROVIAL SEhistory →ORD SHS7.52%$173M2.66M
6SUSLISHARES TRhistory →ESG MSCI LEADR4.68%$108M887.8K
7EFIVSPDR SERIES TRUSThistory →STATE STREET SPD2.22%$51M771.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.2B8Apr 23, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.3B8Jan 27, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.1B8Nov 4, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.1B8Jul 15, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.9B8Apr 23, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.0B8Jan 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.4B8Oct 10, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.6B9Jul 18, 202413F-HRchanges · EDGAR ↗
Q1 2024$3.6B10Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$3.1B10Feb 6, 202413F-HRchanges · EDGAR ↗
Q3 2023$3.1B9Oct 19, 202313F-HRchanges · EDGAR ↗
Q2 2023$3.2B9Jul 19, 202313F-HRchanges · EDGAR ↗
Q1 2023$3.0B9May 3, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.6B9Jan 31, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.3B9Nov 3, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.4B9Jul 21, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.8B9May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.1B9Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.7B7Nov 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.6B7Aug 2, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.2B7May 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.3B8Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.3B8Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$2.1B9Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.7B7May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.0B7Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.8B7Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.9B7Aug 1, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.0B7May 8, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.