Rai Way Ownership

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

Recent Insider Transactions

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of RWAY?
Owner Type	Number of Shares	Ownership Percentage
Institutions	42,228,919	15.7%
General Public	51,644,121	19.2%
Private Companies	174,631,381	65%

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

Top Shareholders

Top 25 shareholders own 79.77% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
65%	Rai Radiotelevisione italiana SpA	174,631,381	€1.0b	0%	no data
5.04%	Artemis Investment Management LLP	13,526,082	€79.5m	0%	0.26%
3.01%	HSBC Global Asset Management (UK) Limited	8,086,560	€47.5m	12.5%	0.02%
1.47%	The Vanguard Group, Inc.	3,937,861	€23.2m	0.08%	no data
0.76%	Azimut Capital Management Sgr SpA	2,053,505	€12.1m	0%	0.18%
0.7%	Norges Bank Investment Management	1,891,885	€11.1m	-30.4%	no data
0.64%	Dimensional Fund Advisors LP	1,711,367	€10.1m	1.72%	no data
0.35%	Ersel Asset Management Sgr S.p.A.	940,000	€5.5m	0%	0.89%
0.34%	Fideuram - Intesa Sanpaolo Private Banking Asset Management S.G.R. S.p.A.	906,800	€5.3m	0%	0.22%
0.33%	Premier Fund Managers Ltd.	889,761	€5.2m	0%	0.09%
0.23%	Kairos Partners SGR SpA	604,884	€3.6m	0%	0.6%
0.22%	Fidelity International Ltd	577,481	€3.4m	0%	no data
0.18%	Eurizon Capital SGR SpA	496,599	€2.9m	0%	0.01%
0.18%	BNY Asset Management	470,489	€2.8m	3.97%	no data
0.15%	MOMentum Alternative Investments S.A.	400,000	€2.4m	0%	4.87%
0.14%	WisdomTree Asset Management, Inc.	385,946	€2.3m	-5.04%	0.01%
0.14%	Amber Capital UK LLP	365,272	€2.1m	0%	0.23%
0.13%	Amundi Asset Management SAS	361,497	€2.1m	0%	no data
0.13%	Deutsche Asset & Wealth Management	358,253	€2.1m	0%	no data
0.13%	Baring Asset Management Limited	352,765	€2.1m	0%	0.03%
0.11%	BBK Gestion SGIIC SA	302,960	€1.8m	0%	0.03%
0.1%	HSBC Global Asset Management (France)	273,386	€1.6m	0%	0.03%
0.094%	Lazard Asset Management LLC	251,133	€1.5m	0%	no data
0.085%	Intermonte SIM S.p.A.	229,153	€1.3m	0%	2.59%
0.072%	Charles Schwab Investment Management, Inc.	194,156	€1.1m	-1.08%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/11 03:21
End of Day Share Price	2026/03/11 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Rai Way S.p.A. is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Andrea Todeschini	Banca Akros S.p.A. (ESN)
Giorgia Ariano	Banca Akros S.p.A. (ESN)
Robert Berg	Berenberg