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Adris grupa d. d.'s (ZGSE:ADRS) market cap up €79m last week, benefiting both retail investors who own 49% as well as insiders

Simply Wall St·12/09/2025 11:55:27
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Key Insights

  • Adris grupa d. d's significant retail investors ownership suggests that the key decisions are influenced by shareholders from the larger public
  • A total of 15 investors have a majority stake in the company with 50% ownership
  • Insiders own 24% of Adris grupa d. d

To get a sense of who is truly in control of Adris grupa d. d. (ZGSE:ADRS), it is important to understand the ownership structure of the business. We can see that retail investors own the lion's share in the company with 49% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

Retail investors gained the most after market cap touched €1.6b last week, while insiders who own 24% also benefitted.

In the chart below, we zoom in on the different ownership groups of Adris grupa d. d.

View our latest analysis for Adris grupa d. d

ownership-breakdown
ZGSE:ADRS Ownership Breakdown December 9th 2025

What Does The Institutional Ownership Tell Us About Adris grupa d. d?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

As you can see, institutional investors have a fair amount of stake in Adris grupa d. d. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Adris grupa d. d, (below). Of course, keep in mind that there are other factors to consider, too.

earnings-and-revenue-growth
ZGSE:ADRS Earnings and Revenue Growth December 9th 2025

Adris grupa d. d is not owned by hedge funds. Ante Vlahovic is currently the largest shareholder, with 12% of shares outstanding. For context, the second largest shareholder holds about 7.2% of the shares outstanding, followed by an ownership of 5.9% by the third-largest shareholder.

After doing some more digging, we found that the top 15 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known.

Insider Ownership Of Adris grupa d. d

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

It seems insiders own a significant proportion of Adris grupa d. d.. Insiders own €392m worth of shares in the €1.6b company. That's quite meaningful. It is good to see this level of investment. You can check here to see if those insiders have been buying recently.

General Public Ownership

The general public-- including retail investors -- own 49% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Public Company Ownership

It appears to us that public companies own 4.7% of Adris grupa d. d. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that Adris grupa d. d is showing 1 warning sign in our investment analysis , you should know about...

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.