ERG 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 ERG?
Owner Type	Number of Shares	Ownership Percentage
Institutions	16,188,722	11.1%
General Public	17,359,157	11.9%
Private Companies	111,806,881	76.9%

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

Top Shareholders

Top 25 shareholders own 87.05% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
76.9%	San Quirico SPA	111,806,881	€2.5b	18.9%	no data
1.46%	The Vanguard Group, Inc.	2,123,917	€46.8m	-0.13%	no data
1.38%	State Street Global Advisors, Inc.	2,001,699	€44.1m	4.47%	no data
0.8%	Schroder Investment Management Limited	1,164,725	€25.7m	0%	0.01%
0.74%	Dimensional Fund Advisors LP	1,078,321	€23.8m	2.82%	no data
0.73%	SEB Investment Management AB	1,056,274	€23.3m	0%	0.04%
0.6%	Amundi Asset Management SAS	873,255	€19.2m	0%	no data
0.49%	American Century Investment Management Inc	712,166	€15.7m	132%	0.01%
0.44%	JP Morgan Asset Management	638,881	€14.1m	0%	no data
0.43%	Natixis Investment Managers International	617,968	€13.6m	0%	0.07%
0.39%	Norges Bank Investment Management	569,088	€12.5m	0%	no data
0.3%	RWC Partners Limited	431,766	€9.5m	-5.37%	0.08%
0.26%	Gravis Advisory Limited	371,100	€8.2m	0%	0.93%
0.23%	Sycomore Asset Management SA	338,723	€7.5m	0%	0.45%
0.22%	Northwest & Ethical Investments L.P.	316,811	€7.0m	-0.71%	0.16%
0.2%	Fidelity International Ltd	284,658	€6.3m	0%	no data
0.18%	Ecofi Investissements	268,791	€5.9m	0%	1.21%
0.18%	First Trust Advisors LP	264,179	€5.8m	3.66%	no data
0.18%	Azimut Capital Management Sgr SpA	254,911	€5.6m	0%	0.09%
0.17%	Universal Investment GmbH	250,000	€5.5m	0%	0.01%
0.16%	AXA Investment Managers S.A.	237,061	€5.2m	0%	0.01%
0.16%	RREEF America L.L.C.	232,210	€5.1m	0%	0.03%
0.16%	Ersel Asset Management Sgr S.p.A.	229,000	€5.0m	0%	0.78%
0.16%	Legal & General Investment Management Limited	227,331	€5.0m	0%	no data
0.13%	Eurizon Capital S.A.	187,920	€4.1m	0%	0.03%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/02/02 08:05
End of Day Share Price	2026/02/02 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

ERG S.p.A. is covered by 24 analysts. 8 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
Francesco Sala	Banca Akros S.p.A. (ESN)
Temitope Sulaiman	Barclays
Lydia Rainforth	Barclays