Exor Investments LLP

Hedge Fund • Long/Short

Exor Investments LLP is a Long/Short Hedge Fund led by Enrico Vellano, reporting $7.5B in AUM as of Q3 2025 with 44% Unknown concentration, 85% concentrated in top 10 holdings, and 22% allocation to CVNA.

CEOEnrico Vellano

Portfolio Value: $5.3B
Positions: 32
Top Holding: CVNA at 22.07%
Last Reported: Q3 2025

Address7 Seymour Street, London, W1H 7JW, United Kingdom

Top Holdings

Largest long holdings in Exor Investments LLP's portfolio (85.2% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Carvana CVNA	Specialty Retail Consumer Cyclical	$1.2B	22.07%	-$253.4M Sold	2.24% 3.1M shares	Q1 2023 Held for 2y 8m
2 PSKY Paramount Skydance Corporation Class B Common Stock PSKY	Unknown Unknown	$890.9M	16.85%	+$890.9M New	4.30% 47.1M shares	Q3 2025 Held for 2 months
3 TEVA Teva Pharmaceutical Industries Limited TEVA	Unknown Unknown	$577.5M	10.92%	+$8.7M Bought	— 28.6M shares	Q4 2022 Held for 2y 11m
4 VEON Veon VEON	Unknown Unknown	$329.0M	6.22%	+$4.7M Bought	— 6.0M shares	Q4 2022 Held for 2y 11m
5 SBSW Sibanye Stillwater SBSW	Unknown Unknown	$319.6M	6.04%	—	— 28.4M shares	Q3 2023 Held for 2y 2m
6 NovaGold Resources NG	Gold Basic Materials	$309.0M	5.84%	+$1.8M Bought	8.63% 35.1M shares	Q1 2018 Held for 7y 8m
7 Range Resources RRC	Oil & Gas Exploration & Production Energy	$271.0M	5.13%	+$1.5M Bought	3.02% 7.2M shares	Q4 2019 Held for 5y 11m
8 VanEck Junior Gold Miners GDXJ	ETF ETF	$255.8M	4.84%	+$698.9K Bought	— 2.6M shares	Q4 2020 Held for 4y 11m
9 HMY Harmony Gold Mining HMY	Unknown Unknown	$205.7M	3.89%	-$124.8M Sold	— 11.3M shares	Q4 2022 Held for 2y 11m
10 Valaris VAL	Oil & Gas Equipment & Services Energy	$181.0M	3.42%	+$2.7M Bought	5.21% 3.7M shares	Q2 2021 Held for 4y 5m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Exor Investments LLP's latest filing

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GthenC

Market Value

$5.3B

Prior: $4.6B

Q/Q Change

+14.53%

+$670.9M

Net Flows % of MV

-2.75%

Turnover Ratio

18.9%

New Purchases

1 stocks

$890.9M

Added To

12 stocks

+$35.8M

Sold Out Of

9 stocks

$694.0M

Reduced Holdings

2 stocks

-$378.2M

Increased Positions

Position	Shares Δ	Change
1 PSKY Paramount Skydance Corporation Class B Common Stock PSKY	New	0 → 47.1M +$890.9M
2 Aurora Innovation, Inc. AUR	+76.28%	3.5M → 6.1M +$14.2M
3 TEVA Teva Pharmaceutical Industries Limited TEVA	+1.53%	28.2M → 28.6M +$8.7M
4 Valaris VAL	+1.51%	3.7M → 3.7M +$2.7M
5 VEON Veon VEON	+1.45%	6.0M → 6.0M +$4.7M

Decreased Positions

Position	Shares Δ	Change
1 Paramount Global PARA	Sold	51.0M → 0 −$658.4M
2 Sportradar Group AG SRAD	Sold	298.0K → 0 −$8.4M
3 KKR & Co. KKR	Sold	37.6K → 0 −$5.0M
4 Alphabet Inc. GOOGL	Sold	26.8K → 0 −$4.7M
5 Life Time Group Holdings LTH	Sold	146.3K → 0 −$4.4M