VRG 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 VRG?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	7,555,100	3.22%
General Public	30,822,092	13.1%
Private Companies	90,178,058	38.5%
Institutions	105,900,590	45.2%

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

Top Shareholders

Top 25 shareholders own 86.85% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
23%	Colian Holding S.A.	53,939,761	zł171.5m	126%	no data
19.4%	Powszechne Towarzystwo Emerytalne PZU SA	45,589,125	zł145.0m	0%	0.56%
15.5%	Kolanski Foundation Fundacja Rodzinna	36,238,137	zł115.2m	0%	no data
14%	Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.	32,750,000	zł104.1m	-50%	0.18%
4.01%	Santander Towarzystwo Funduszy Inwestycyjnych S.A.	9,396,727	zł29.9m	0%	0.55%
3.2%	Jan Kolanski	7,500,000	zł23.9m	0%	no data
2.66%	Pocztylion Arka PTE S.A.	6,231,092	zł19.8m	2,160%	0.54%
2.59%	Towarzystwo Funduszy Inwestycyjnych PZU SA	6,064,724	zł19.3m	0%	0.25%
1.14%	Dimensional Fund Advisors LP	2,682,112	zł8.5m	0.1%	no data
0.44%	Franklin Resources, Inc.	1,025,000	zł3.3m	0%	no data
0.25%	Quercus TFI S.A.	577,879	zł1.8m	0%	0.19%
0.18%	AgioFunds Towarzystwo Funduszy Inwestycyjnych S.A.	417,046	zł1.3m	0%	0.08%
0.14%	Amundi Asset Management SAS	330,425	zł1.1m	0%	no data
0.13%	Noble Funds Towarzystwo Funduszy Inwestycyjnych SA	306,026	zł973.2k	0%	0.77%
0.086%	Pioneer Pekao Towarzystwo Funduszy Inwestycyjnych S.A	202,341	zł643.4k	0%	0.02%
0.059%	Rockbridge TFI S.A.	138,194	zł439.4k	0%	0.08%
0.041%	GAMMA PKO Towarzystwo Funduszy Inwestycyjnych SA	96,221	zł306.0k	0%	no data
0.028%	PFR Towarzystwo Funduszy Inwestycyjnych S.A.	66,024	zł210.0k	0%	0.12%
0.024%	Jerzy Mazgaj	55,100	zł175.2k	-99.8%	no data
0.0061%	Millennium TFI S.A.	14,331	zł45.6k	0%	0.01%
0.0037%	State Street Global Advisors, Inc.	8,563	zł27.2k	40.7%	no data
0.001%	SEI Investments Management Corporation	2,427	zł7.8k	0%	no data
0.00098%	Superfund Towarzystwo Funduszy Inwestycyjnych S.a.	2,300	zł7.3k	0%	no data
0.00007%	Colian Developer Spolka Z Ograniczona Odpowiedzialnoscia Spolka Komandytowa	160	zł521.9	0%	no data
0.00001%	BNPP Asset Management Holding	33	zł74.6	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/30 19:04
End of Day Share Price	2025/01/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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 here.

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 .

Analyst Sources

VRG S.A. is covered by 11 analysts. 2 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
Sylwia Jaskiewicz	Dom Maklerski Banku Ochrony Srodowiska S.A.
Sylwia Jaskiewicz	Dom Maklerski IDMSA
Tomasz Duda	Erste Group Bank AG