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 62.96% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
31.5%	Estate Of Siegfried Meister	3,581,578	US$3.3b	0%	no data
15.9%	Ulrike Meister	1,803,464	US$1.7b	0%	no data
4.16%	BlackRock, Inc.	472,964	US$439.9m	-3.79%	0.01%
1.66%	The Vanguard Group, Inc.	188,496	US$175.3m	2.11%	no data
1.25%	Fundsmith, LLP	141,624	US$131.7m	0%	0.41%
0.92%	Norges Bank Investment Management	105,081	US$97.7m	0%	0.01%
0.79%	Deutsche Asset & Wealth Management	89,785	US$83.5m	1.28%	0.02%
0.7%	Rathbones Asset Management Limited	79,048	US$73.5m	0%	0.66%
0.66%	Columbia Management Investment Advisers, LLC	74,558	US$69.3m	0%	0.02%
0.64%	Allianz Asset Management GmbH	72,860	US$67.8m	0%	0.03%
0.51%	Baillie Gifford & Co.	58,357	US$54.3m	-9.97%	0.02%
0.51%	GLG Partners, Inc.	57,717	US$53.7m	0%	1.18%
0.5%	abrdn plc	56,399	US$52.5m	0%	0.04%
0.37%	Dimensional Fund Advisors LP	42,624	US$39.6m	0%	0.01%
0.35%	PineStone Asset Management Inc.	39,974	US$37.2m	4.17%	0.31%
0.32%	Geode Capital Management, LLC	36,821	US$34.2m	3.3%	no data
0.31%	Fiera Capital Corporation	35,647	US$33.2m	0%	0.08%
0.28%	UBS Asset Management AG	31,559	US$29.4m	8.88%	no data
0.27%	AXA Investment Managers S.A.	30,872	US$28.7m	-0.55%	0.05%
0.25%	Aristotle Capital Management, LLC	28,603	US$26.6m	8.28%	0.05%
0.25%	Financiere de l'Echiquier	28,213	US$26.2m	0%	0.34%
0.25%	Capital Research and Management Company	28,025	US$26.1m	0%	no data
0.22%	Amundi Asset Management SAS	25,385	US$23.6m	4.59%	no data
0.22%	Franklin Resources, Inc.	24,700	US$23.0m	0.01%	0.01%
0.21%	Deka Investment GmbH	23,863	US$22.2m	-0.09%	0.02%