Ermenegildo Zegna N.V.
US ˙ NYSE ˙ NL0015000PB5

SecurityZGN / Ermenegildo Zegna N.V.
InstitutionMorgan Stanley
Latest Disclosed Ownership141,985 shares
Latest Disclosed Value $ 1,479,483
Morgan Stanley reports 33.30% decrease in ownership of ZGN / Ermenegildo Zegna N.V.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 141,985 shares of Ermenegildo Zegna N.V. (US:ZGN) valued at $1,479,484 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 212,858 shares of Ermenegildo Zegna N.V.. This represents a change in shares of -33.30% during the quarter. The current value of the position is $2,118,416 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 141,985 -70,873 -33.30 1,479 -32.19 0.0001
2026-05-27 2025-12-31 13F/A-1 ERMENEGILDO ZEGNA N V ORD SHS N30577105 212,858 -57,853 -21.37 2,182 -14.74 0.0001
2026-02-13 2025-12-31 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 212,858 -57,853 2,182 0.0001
2026-05-27 2025-09-30 13F/A-1 ERMENEGILDO ZEGNA N V ORD SHS N30577105 270,711 -127,074 -31.95 2,558 -24.79 0.0002
2025-11-14 2025-09-30 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 270,711 -127,074 2,558 0.0002
2025-08-15 2025-06-30 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 397,785 -97,655 -19.71 3,401 -7.23 0.0002
2025-05-15 2025-03-31 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 495,440 284,826 135.24 3,666 110.81 0.0003
2025-05-15 2024-12-31 13F/A-1 ERMENEGILDO ZEGNA N V ORD SHS N30577105 210,614 86,887 70.22 1,740 42.89 0.0001
2025-02-14 2024-12-31 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 210,614 86,887 1,740 0.0001
2025-05-14 2024-09-30 13F/A-2 ERMENEGILDO ZEGNA N V ORD SHS N30577105 123,727 -83,824 -40.39 1,217 -50.47 0.0001
2025-02-14 2024-09-30 13F/A-1 ERMENEGILDO ZEGNA N V ORD SHS N30577105 123,727 -83,824 1,217 0.0001
2024-11-14 2024-09-30 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 123,727 -83,824 1,217 0.0001
2025-05-14 2024-06-30 13F/A-2 ERMENEGILDO ZEGNA N V ORD SHS N30577105 207,551 73,302 54.60 2,457 24.97 0.0002
2024-10-17 2024-06-30 13F/A-1 ERMENEGILDO ZEGNA N V ORD SHS N30577105 207,551 73,302 2,457 0.0002
2024-08-14 2024-06-30 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 207,551 73,302 2,457 0.0002
2024-10-17 2024-03-31 13F/A-2 ERMENEGILDO ZEGNA N V ORD SHS N30577105 134,249 -880,491 -86.77 1,967 -83.25 0.0002
2024-08-16 2024-03-31 13F/A-1 ERMENEGILDO ZEGNA N V ORD SHS N30577105 134,249 -880,491 1,967 0.0000
2024-05-15 2024-03-31 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 134,249 -880,491 1,967 0.0002
2024-08-16 2023-12-31 13F/A-1 ERMENEGILDO ZEGNA N V ORD SHS N30577105 1,014,740 503,936 98.66 11,741 65.12 0.0010
2024-02-13 2023-12-31 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 1,014,740 503,936 11,741 0.0010
2023-11-15 2023-09-30 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 510,804 222,034 76.89 7,110 94.21 0.0007
2023-08-14 2023-06-30 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 288,770 157,051 119.23 3,662 103.84 0.0004
2023-05-15 2023-03-31 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 131,719 75,486 134.24 1,797 205.44 0.0002
2023-02-14 2022-12-31 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 56,233 12,655 29.04 589 25.64 0.0001
2022-11-14 2022-09-30 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 43,578 -29,573 -40.43 468 -39.38 0.0001
2022-10-27 2022-06-30 13F/A-1 ERMENEGILDO ZEGNA N V ORD SHS N30577105 73,151 68,087 1,344.53 772 1,356.60 0.0001
2022-08-15 2022-06-30 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 73,151 68,087 772 0.0000
2022-10-27 2022-03-31 13F/A-1 ERMENEGILDO ZEGNA N V ORD SHS N30577105 5,064 -9,625 -65.53 53 -65.58 0.0000
2022-05-13 2022-03-31 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 5,064 -9,625 53 0.0000
2022-02-14 2021-12-31 13F ERMENEGILDO ZEGNA N V ORD SHS N30577105 14,689 14,689 154 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.