Home / Leaderboard / Cassa Depositi e Prestiti S.p.A.
Cassa Depositi e Prestiti S.p.A.
Dario Scannapieco · Sovereign Wealth Fund · Multi-Strategy
Cassa Depositi e Prestiti S.p.A. (CDP) is Italy's national promotional institution, a joint-stock company majority-owned by the Italian Ministry of Economy and Finance. Founded in 1850 in Turin, CDP has evolved from a simple repository for postal savings into a major financial engine for the Italian economy. It serves as a strategic long-term investor, managing a vast portfolio of equity stakes in key national industries such as energy, telecommunications, and infrastructure. The institution's primary mission is to support the sustainable development of Italy by financing public administration projects, fostering the internationalization of Italian companies, and boosting the private equity and venture capital markets. CDP acts as a bridge between public policy and the private sector, leveraging national savings to drive innovation, ecological transition, and social cohesion across the country.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +54.7% |
| YTD return | +41.5% |
| Sharpe ratio | 3.74 |
| Win rate | 33% |
| AUM | $23.9B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $23.9B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.cdp.it/ |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| E | Eni SpA ADR | 98.6% | +55.8% |
| NEXXY | Nexi S.p.A | 0.8% | 0.0% |
| TIIAY | Telecom Italia S.p.A | 0.6% | 0.0% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Jun 22, 2026 | SELL | NEXXY | 1.0% → 0.8% |
| Jun 22, 2026 | BUY | E | 95.3% → 98.6% |
| Jun 22, 2026 | SELL | TIIAY | 3.8% → 0.6% |
| Oct 1, 2025 | BUY | E | 0.0% → 94.5% |
| Oct 1, 2025 | BUY | TIIAY | 0.0% → 4.4% |
Investment Style Analysis
Cassa Depositi e Prestiti S.p.A. is widely recognized for employing a Multi-Strategy strategy. As of Sep 18, 2026, the firm oversees approximately $23.9B in assets under management (AUM). The portfolio demonstrates a clear preference for the Oil & Gas Integrated and Software - Infrastructure sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Jun 22, Cassa Depositi e Prestiti S.p.A. made a significant move by reducing the position in NEXXY. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
CDP’s investment philosophy focuses on long-term value creation and the responsible use of national savings to support Italy's strategic interests. The institution adheres to a sustainable development model, integrating Environmental, Social, and Governance (ESG) criteria into its investment lifecycle. Its strategy is characterized by a crowding-in approach, where it seeks to catalyze additional private capital rather than replacing it. CDP acts as a patient, stable investor in critical infrastructure and strategic enterprises, aiming to address market failures and promote the digital and green transitions. By providing financing, equity, and advisory services, it aims to enhance the competitiveness of the Italian entrepreneurial fabric while ensuring economic and financial stability for its own operations.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Cassa Depositi e Prestiti S.p.A..
Similar Investment Style
Based on Multi-Strategy.
- Sandoz Family Office SA — Marc Duc · 3M -3.2%
- BB Gestão de Recursos - Distribuidora de Títulos e Valores Mobiliários S.A. — Denísio Liberato · 3M +6.6%
- Wolverine Trading, LLC — Robert Bellick · 3M -3.6%
- Amundi Asset Management US, Inc. — Marco Pirondini · 3M -4.4%
Frequently asked questions
How is the simulated portfolio for Cassa Depositi e Prestiti S.p.A. constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Cassa Depositi e Prestiti S.p.A.'s largest holding?
As of the latest filing, Cassa Depositi e Prestiti S.p.A.'s top position is Eni SpA ADR (E), representing 98.6% of the portfolio. This reflects a high-conviction bet by the institution.
What is Cassa Depositi e Prestiti S.p.A.'s historical performance and risk profile?
Our simulation indicates a total return of +54.7% with a win rate of 33%. Notably, the portfolio maintains a Sharpe Ratio of 3.74, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Cassa Depositi e Prestiti S.p.A. primarily invest in?
Cassa Depositi e Prestiti S.p.A. has a strong preference for the Oil & Gas Integrated sector, which makes up 98.6% of their disclosed assets. The portfolio also has exposure to Software - Infrastructure, indicating a specific thematic focus.
Is Cassa Depositi e Prestiti S.p.A.'s portfolio concentrated or diversified?
Cassa Depositi e Prestiti S.p.A. runs a highly concentrated portfolio with 3 disclosed positions. The top 3 holdings alone account for 100.0% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has Cassa Depositi e Prestiti S.p.A. performed in 2026?
Our AI-simulated model portfolio for Cassa Depositi e Prestiti S.p.A. tracks a Year-to-Date (YTD) return of +41.5%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Dario Scannapieco manage Cassa Depositi e Prestiti S.p.A. directly?
Yes, Dario Scannapieco serves as the key portfolio manager for Cassa Depositi e Prestiti S.p.A., overseeing the investment strategy and final capital allocation decisions.