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 62.18% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
31.5%	Estate Of Siegfried Meister	3,581,578	€3.3b	0%	no data
15.9%	Ulrike Meister	1,803,464	€1.7b	0%	no data
3.1%	BlackRock, Inc.	352,297	€323.1m	0.11%	0.01%
1.65%	The Vanguard Group, Inc.	187,970	€172.4m	1.83%	no data
1.25%	Fundsmith, LLP	141,624	€129.9m	0%	0.41%
0.92%	Norges Bank Investment Management	105,081	€96.4m	14.3%	0.01%
0.78%	Deutsche Asset & Wealth Management	88,466	€81.1m	0%	0.03%
0.7%	Rathbones Asset Management Limited	79,048	€72.5m	0%	0.69%
0.64%	Allianz Asset Management GmbH	72,720	€66.7m	0%	0.03%
0.62%	Columbia Management Investment Advisers, LLC	70,212	€64.4m	-0.02%	0.02%
0.57%	Baillie Gifford & Co.	64,820	€59.4m	0%	0.03%
0.51%	GLG Partners, Inc.	57,717	€52.9m	0%	1.25%
0.48%	Impax Asset Management Group Plc	54,211	€49.7m	0%	0.13%
0.46%	abrdn plc	52,148	€47.8m	9.69%	0.04%
0.38%	Dimensional Fund Advisors LP	42,651	€39.1m	0.47%	0.01%
0.35%	PineStone Asset Management Inc.	39,974	€36.7m	4.17%	0.24%
0.32%	Geode Capital Management, LLC	36,306	€33.3m	1.86%	no data
0.31%	Fiera Capital Corporation	35,647	€32.7m	11%	0.08%
0.3%	Montanaro Asset Management Ltd.	34,570	€31.7m	0%	2.51%
0.29%	AXA Investment Managers S.A.	32,490	€29.8m	-0.15%	0.06%
0.26%	Amundi Asset Management SAS	29,462	€27.0m	11.6%	0.01%
0.25%	Financiere de l'Echiquier	28,213	€25.9m	0%	0.35%
0.25%	Capital Research and Management Company	28,025	€25.7m	48.6%	no data
0.23%	Aristotle Capital Management, LLC	26,415	€24.2m	-1.09%	0.05%
0.22%	Franklin Resources, Inc.	24,949	€22.9m	0.09%	0.01%