RATIONAL Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top 25 shareholders own 62.97% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
31.5%	Estate Of Siegfried Meister	3,581,578	€3.2b	0%	no data
15.9%	Ulrike Meister	1,803,464	€1.6b	0%	no data
4.16%	BlackRock, Inc.	472,964	€424.7m	-3.79%	0.01%
1.66%	The Vanguard Group, Inc.	188,496	€169.3m	2.11%	no data
1.25%	Fundsmith, LLP	141,624	€127.2m	0%	0.41%
0.92%	Norges Bank Investment Management	105,081	€94.4m	0%	0.01%
0.79%	Deutsche Asset & Wealth Management	89,785	€80.6m	1.28%	0.02%
0.7%	Rathbones Asset Management Limited	79,048	€71.0m	0%	0.65%
0.66%	Columbia Management Investment Advisers, LLC	74,558	€67.0m	0%	0.02%
0.64%	Allianz Asset Management GmbH	72,860	€65.4m	0%	0.03%
0.52%	Baillie Gifford & Co.	59,276	€53.2m	-8.55%	0.02%
0.51%	GLG Partners, Inc.	57,717	€51.8m	0%	1.18%
0.5%	abrdn plc	56,399	€50.6m	0%	0.04%
0.37%	Dimensional Fund Advisors LP	42,626	€38.3m	0%	0.01%
0.35%	PineStone Asset Management Inc.	39,974	€35.9m	4.17%	0.31%
0.32%	Geode Capital Management, LLC	36,821	€33.1m	3.3%	no data
0.31%	Fiera Capital Corporation	35,647	€32.0m	0%	0.08%
0.28%	UBS Asset Management AG	31,559	€28.3m	8.88%	no data
0.27%	AXA Investment Managers S.A.	30,872	€27.7m	-0.55%	0.05%
0.25%	Aristotle Capital Management, LLC	28,603	€25.7m	8.28%	0.05%
0.25%	Financiere de l'Echiquier	28,213	€25.3m	0%	0.34%
0.25%	Capital Research and Management Company	28,025	€25.2m	0%	no data
0.22%	Amundi Asset Management SAS	25,385	€22.8m	4.46%	no data
0.22%	Franklin Resources, Inc.	24,897	€22.4m	0.01%	0.01%
0.21%	Deka Investment GmbH	23,863	€21.4m	-0.09%	0.02%