Institutional Manager · CIK 0001426449

Bank of Italy

ROME, L6 · File #028-12735

Latest AUM

$2.3M

Positions

Top-10 Concentration

100.0%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
NEW	TOTALENERGIES SE	TTE	+6,475,319	+$422,957	$0
EXITED	QIAGEN NV	N72482206	-799,599	-$35,388	$0
ADD	FERROVIAL SE	FER	+459,192	+$29,859	+$17,085
REDUCE	FERRARI N V	RACE	-39,536	-$14,805	-$267,918
REDUCE	STELLANTIS N.V	STLA	-675,000	-$7,504	+$68,995
REDUCE	DBX ETF TR	23306X605	0	$0	+$1,234
REDUCE	DBX ETF TR	233051150	0	$0	+$5,504
REDUCE	ISHARES TR	46435U218	0	$0	+$3,749
REDUCE	SPDR SERIES TRUST	78468R531	0	$0	+$1,974

Sector Allocation

Consumer Discretionary

56.8%$1.3M

Energy

18.4%$422,957

Industrials

7.5%$173,173

Filing History

Jan 27, 202613F HOLDINGS REPORTQ/E Dec 20258 pos · $2.3M
Nov 4, 202513F HOLDINGS REPORTQ/E Sep 20258 pos · $2.1M
Jul 15, 202513F HOLDINGS REPORTQ/E Jun 20258 pos · $2.1M
Apr 23, 202513F HOLDINGS REPORTQ/E Mar 20258 pos · $1.9M
Jan 14, 202513F HOLDINGS REPORTQ/E Dec 20248 pos · $2.0M
Oct 10, 202413F HOLDINGS REPORTQ/E Sep 20248 pos · $2.4M
Jul 18, 202413F HOLDINGS REPORTQ/E Jun 20249 pos · $2.6M
Apr 30, 202413F HOLDINGS REPORTQ/E Mar 202410 pos · $3.6M
Oct 19, 202313F HOLDINGS REPORTQ/E Dec 20239 pos · $3.1M

Top 8 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	FERRARI N V	RACE	2,423,235	$907,435	39.42%
2	TOTALENERGIES SE	TTE	6,475,319	$422,957	18.37%
3	STELLANTIS N.V	STLA	35,955,307	$399,703	17.36%
4	FERROVIAL SE	FER	2,663,198	$173,173	7.52%
5	DBX ETF TR	233051150	2,548,421	$161,837	7.03%
6	ISHARES TR	46435U218	887,779	$107,658	4.68%
7	DBX ETF TR	23306X605	1,874,310	$78,410	3.41%
8	SPDR SERIES TRUST	78468R531	771,136	$51,011	2.22%