ITRN Snapshot del titolo
Prezzo, capitalizzazione di mercato, P/E, EPS, ROE, debito/capitale proprio, intervallo 52 settimane
03
Prezzo$52.53
Capitalizzazione di Mercato$1.23B
P/E18.0
EPS$2.92
Ricavi$359M
Rendimento div.3.0%
ROE28.8%
D/E Debito/Patrimonio0.0
Intervallo 52 sett.$35–$68
ITRN Grafico del prezzo delle azioni
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04
intervallo
barre
La granularità delle barre si adatta al periodo selezionato — passa il mouse sul grafico per vedere apertura/massimo/minimo/chiusura di una barra.
Performance decennale
Andamento di ricavi, utile netto, margini e EPS
06
Ricavi$359M2016-12-31 → 2025-12-31
EPS$2.922020-12-31 → 2025-12-31
Flusso di cassa libero$67M2016-12-31 → 2025-12-31
Margine netto16.2%2016-12-31 → 2025-12-31
Valutazione e Rapporti07–12
Valutazione
Rapporti P/E, P/S, P/B, EV/EBITDA — il titolo è costoso o economico?
Metrica
Tendenza 5 anni
ITRN
media 5 anni
Mediana dei peer
Verdetto
P/E
18.0media 5 anni ≈13.1
≈13.1
21.4
Sottovalutato
P/S
3.4media 5 anni ≈2.2
≈2.2
1.2
Sopravvalutato
P/B
5.7media 5 anni ≈4.1
≈4.1
1.2
Sopravvalutato
EV / EBITDA
12.4media 5 anni ≈8.1
≈8.1
13.2
Sottovalutato
Price / FCF (Prezzo / FCF)
18.5media 5 anni ≈16.0
≈16.0
·
·
Price / Cash Flow (Prezzo / Flusso di cassa)
13.9media 5 anni ≈10.3
≈10.3
8.1
Sopravvalutato
EV / Revenue (EV / Ricavi)
3.1media 5 anni ≈2.0
≈2.0
·
·
EV / FCF
16.9media 5 anni ≈15.1
≈15.1
·
·
Price / Tangible Book (Prezzo / Valore contabile tangibile)
7.3media 5 anni ≈6.0
≈6.0
·
·
La mediana dei peer viene calcolata su base standardizzata per metrica e potrebbe non corrispondere sempre alla base TTM/MRQ mostrata per questo titolo.
Redditività
Margini lordi, operativi e netti; ROE, ROA, ROIC
Metrica
Tendenza 5 anni
ITRN
media 5 anni
Mediana dei peer
Verdetto
Gross Margin (Margine lordo)
49.7%media 5 anni ≈47.8%
≈47.8%
32.2%
Di prim'ordine
Operating Margin (Margine Operativo)
21.4%media 5 anni ≈20.7%
≈20.7%
5.5%
Di prim'ordine
EBITDA Margin (Margine EBITDA)
25.3%media 5 anni ≈25.3%
≈25.3%
5.7%
Di prim'ordine
Pretax Margin (Margine ante imposte)
20.9%media 5 anni ≈19.7%
≈19.7%
4.9%
Di prim'ordine
Net Profit Margin (Margine di Profitto Netto)
16.2%media 5 anni ≈14.5%
≈14.5%
4.1%
Di prim'ordine
ROA
16.3%media 5 anni ≈14.5%
≈14.5%
3.1%
Di prim'ordine
ROE
28.8%media 5 anni ≈28.3%
≈28.3%
5.0%
Di prim'ordine
ROIC
28.4%media 5 anni ≈27.9%
≈27.9%
5.3%
Di prim'ordine
Salute finanziaria
Debito, liquidità, solvibilità — solidità del bilancio
Metrica
Tendenza 5 anni
ITRN
media 5 anni
Mediana dei peer
Verdetto
Debt / Equity (Debito / Patrimonio Netto)
0.0media 5 anni ≈0.1
≈0.1
0.0
Basso indebitamento
Current Ratio (Rapporto corrente)
2.3media 5 anni ≈1.9
≈1.9
2.3
In linea
Quick Ratio
1.6media 5 anni ≈1.2
≈1.2
1.5
In linea
Crescita
Crescita di ricavi, EPS e utile netto: YoY, CAGR 3Y, CAGR 5Y
Nessun dato per questo gruppo di rapporti al momento
Dati fondamentali insufficienti per calcolare questo gruppo di rapporti.
Metriche per Azione
EPS, valore contabile per azione, flusso di cassa per azione, dividendo per azione
Metrica
Tendenza 5 anni
ITRN
media 5 anni
Mediana dei peer
Verdetto
EPS (Diluted) (EPS (Diluito))
$2.92media 5 anni ≈$2.30
≈$2.30
·
·
Revenue / Share (Ricavi / Azione)
$18.07media 5 anni ≈$16.33
≈$16.33
·
·
Cash Flow / Share (Flusso di cassa / Azione)
$4.46media 5 anni ≈$3.57
≈$3.57
·
·
Cash / Share (Liquidità / Azione)
$4.58media 5 anni ≈$2.70
≈$2.70
·
·
Efficienza del Capitale
Rotazione delle attività, rotazione delle scorte, rotazione dei crediti
Metrica
Tendenza 5 anni
ITRN
media 5 anni
Mediana dei peer
Verdetto
Asset Turnover (Rotazione delle attività)
1.0media 5 anni ≈1.0
≈1.0
0.9
In linea
Inventory Turnover (Rotazione delle scorte)
7.7media 5 anni ≈6.4
≈6.4
4.6
Di prim'ordine
Receivables Turnover (Rotazione dei crediti)
6.8media 5 anni ≈6.8
≈6.8
4.9
Di prim'ordine
Revenue / Employee (Ricavi / Dipendente)
≈$128.2K
·
·
·
valore · ≈ media 5 anni · mediana del settore · giudizio rispetto alla mediana
Striscia di crescita≈3Anni consecutivi di crescita dei dividendi
Data ex-dividendo
Importo
Valuta
Rendimento
Set 29, 2026
$0,50
USD
≈5.9%
Giu 24, 2026
$0,50
USD
≈4.9%
Mar 30, 2026
$1,50
USD
≈6.3%
Dic 29, 2025
$0,50
USD
≈4.7%
Set 25, 2025
$0,50
USD
≈5.4%
Giu 18, 2025
$0,50
USD
≈5.0%
Mar 20, 2025
$0,50
USD
≈4.5%
Dic 23, 2024
$0,39
USD
≈5.3%
Set 26, 2024
$0,39
USD
≈5.3%
Giu 18, 2024
$0,39
USD
≈5.1%
Mar 19, 2024
$0,39
USD
≈3.3%
Dic 19, 2023
$0,24
USD
≈2.6%
Set 26, 2023
$0,15
USD
≈2.0%
Giu 27, 2023
$0,15
USD
≈2.5%
Mar 20, 2023
$0,14
USD
≈2.6%
Dic 20, 2022
$0,14
USD
≈2.6%
Set 28, 2022
$0,14
USD
≈2.4%
Giu 28, 2022
$0,14
USD
≈2.3%
Mar 22, 2022
$0,14
USD
≈2.5%
Dic 21, 2021
$0,14
USD
≈3.5%
Cronologia utili
EPS effettivo vs stima, surprise %, tasso di superamento, data prossimi utili
14
Sorpresa media1.3%
Periodo
Rapporto
EPS Actual
EPS Stimato
Sorpresa
30 Giugno 2026
Ago 12, 2026
$0.88
$0.89
-0.83%
31 Marzo 2026
Mag 26, 2026
$0.85
$0.81
4.8%
31 Dicembre 2025
$0.78
$0.77
2.0%
30 Settembre 2025
$0.74
$0.70
5.1%
30 Giugno 2025
$0.67
$0.72
-7.5%
31 Marzo 2025
$0.73
$0.70
4.5%
Fondamentali Completi
Tutte le metriche per anno — conto economico, stato patrimoniale, rendiconto finanziario
15
Conto Economico15
Metrica
Tendenza
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue
$359M
$336M
$320M
$293M
$271M
$246M
$279M
$253M
$235M
$200M
$176M
$182M
Cost of Revenue
$180M
$176M
$167M
$156M
$143M
$129M
$149M
$126M
$115M
$98M
$86M
$85M
Gross Profit
$179M
$161M
$153M
$138M
$128M
$117M
$131M
$127M
$119M
$102M
$90M
$97M
R&D Expense
$21M
$18M
$17M
$17M
$14M
$13M
$14M
$6M
$3M
$3M
$2M
$3M
SG&A Expense
$62M
$56M
$57M
$49M
$46M
$50M
$55M
$48M
$48M
$40M
$38M
$39M
Operating Income
$77M
$71M
$66M
$59M
$55M
$28M
$23M
$62M
$57M
$48M
$41M
$46M
Other Non-op
$-272.0K
$0
$2.0K
$-6M
$-6M
$1M
$576.0K
$717.0K
$-989.0K
$2M
$1M
$2M
Pretax Income
$75M
$71M
$64M
$53M
$49M
$29M
$23M
$76M
$56M
$50M
$42M
$48M
Income Tax
$15M
$15M
$13M
$13M
$12M
$11M
$12M
$17M
$18M
$15M
$13M
$14M
Net Income
$58M
$54M
$48M
$37M
$34M
$16M
$7M
$61M
$44M
$32M
$25M
$30M
EPS (Basic)
$2.92
$2.70
$2.41
$1.82
$1.65
$0.77
·
·
·
·
·
·
EPS (Diluted)
$2.92
$2.70
$2.41
$1.82
$1.65
$0.77
·
·
·
·
·
·
Shares (Basic)
19,874,000
19,894,000
20,000,000
20,418,000
20,769,000
20,813,000
·
·
·
·
·
·
Shares (Diluted)
19,874,000
19,894,000
20,000,000
20,418,000
20,769,000
20,813,000
·
·
·
·
·
·
EBITDA
$91M
$86M
$81M
$73M
$68M
$42M
$40M
$71M
$67M
$57M
$49M
$55M
Stato Patrimoniale30
Metrica
Tendenza
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Cash & Equivalents
$108M
$77M
$53M
$28M
$50M
$72M
$54M
$51M
$37M
$31M
$27M
$38M
Short-term Investments
$3.0K
$10.0K
$119.0K
$316.0K
$4M
$7M
$358.0K
$2M
$4M
$398.0K
$2M
$2M
Receivables
$59M
$48M
$45M
$46M
$44M
$39M
$45M
$54M
$41M
$34M
$27M
$28M
Inventory
$23M
$23M
$27M
$29M
$27M
$23M
$26M
$28M
$14M
$14M
$13M
$12M
Prepaid Expense
$29M
$28M
$36M
$30M
$21M
$23M
$33M
$33M
$28M
$22M
$11M
$10M
Other Current Assets
$48M
$46M
$53M
$48M
$37M
$39M
$49M
$53M
$41M
$31M
$22M
$22M
Current Assets
$238M
$195M
$179M
$151M
$163M
$179M
$174M
$189M
$137M
$111M
$92M
$103M
PP&E (Net)
$39M
$33M
$42M
$46M
$36M
$38M
$46M
$50M
$39M
$36M
$32M
$32M
PP&E (Gross)
$161M
$131M
$141M
$132M
$123M
$126M
$130M
$125M
$102M
$88M
$79M
$80M
Accum. Depreciation
$122M
$98M
$99M
$86M
$87M
$88M
$84M
$75M
$63M
$52M
$47M
$48M
Goodwill
$40M
$39M
$39M
$40M
$40M
$40M
$50M
$63M
$4M
$3M
$3M
$4M
Intangibles
$9M
$9M
$11M
$13M
$17M
$20M
$26M
$39M
$38.0K
$23.0K
$26.0K
$452.0K
Other Non-current Assets
$5M
$6M
$4M
$3M
$3M
$3M
$3M
$3M
$939.0K
$2M
$1M
$2M
Total Assets
$386M
$327M
$319M
$291M
$293M
$312M
$339M
$374M
$215M
$178M
$142M
$152M
Accounts Payable
$19M
$19M
$21M
$22M
$21M
$20M
$23M
$24M
$23M
$19M
$10M
$12M
Accrued Liabilities
$19M
$15M
$16M
$12M
$15M
$16M
$8M
$10M
$13M
$11M
$7M
$8M
Short-term Debt
$0
$114.0K
$355.0K
$12M
$18M
$20M
$18M
$11M
$48.0K
·
·
·
Current Liabilities
$104M
$88M
$92M
$93M
$104M
$113M
$101M
$105M
$66M
$56M
$42M
$46M
Capital Leases
$5M
$6M
$5M
$7M
$2M
$3M
$11M
·
·
·
·
·
Deferred Tax
$531.0K
$418.0K
$1M
$2M
$2M
$2M
$3M
$6M
·
·
·
·
Other Non-current Liabilities
$2M
$2M
$2M
$2M
$2M
$2M
$241.0K
$526.0K
$475.0K
$501.0K
$369.0K
·
Long-term Debt
·
·
$592.0K
$12M
$31M
$54M
$68M
$71M
·
·
·
·
Total Debt
$0
$114.0K
$355.0K
$23M
$36M
$40M
$36M
$19M
·
·
·
·
Common Stock
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
Retained Earnings
$244M
$226M
$204M
$169M
$143M
$128M
$116M
$130M
$92M
$72M
$58M
$49M
Treasury Stock
$67M
$64M
$64M
$58M
$49M
$42M
$42M
$25M
$30M
$30M
$30M
$30M
AOCI
$-40M
$-57M
$-45M
$-46M
$-42M
$-39M
$-26M
$-21M
$-10M
$-13M
$-18M
$-2M
Stockholders' Equity
$218M
$185M
$174M
$146M
$132M
$127M
$129M
$154M
$126M
$102M
$84M
$91M
Liabilities + Equity
$386M
$327M
$319M
$291M
$293M
$312M
$339M
$374M
$215M
$178M
$142M
$152M
Shares Outstanding
23,475,431
23,475,431
23,476
23,476
23,476
23,476
23,476
23,476
23,476,000
23,476,000
23,476
23,476
Flusso di cassa13
Metrica
Tendenza
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
D&A
$14M
$15M
$15M
$15M
$14M
$14M
$17M
$9M
$10M
$9M
$9M
$9M
Deferred Tax
$-2M
$-383.0K
$-3M
$-736.0K
$-443.0K
$-2M
$-2M
$2M
$-2M
$-1M
$85.0K
$-903.0K
Amort. of Intangibles
$4M
$5M
$5M
$6M
$6M
$6M
$8M
$1M
·
·
·
$231.0K
Other Non-cash
$18M
$6M
$17M
$-6M
$8M
$32M
$38M
$-19M
$-8M
$1M
$2M
$-3M
Operating Cash Flow
$89M
$74M
$77M
$45M
$56M
$60M
$60M
$53M
$44M
$41M
$36M
$38M
CapEx
$22M
$14M
$14M
$27M
$17M
$10M
$18M
$22M
$16M
$14M
$19M
$15M
Investing Cash Flow
$-24M
$-16M
$-17M
$-27M
$-19M
$-11M
$-18M
$-85M
$-15M
$-20M
$-26M
·
Net Debt Issued
$0
$0
$-12M
$-16M
$-24M
$-18M
$-9M
$-8M
·
·
·
·
Dividends Paid
$38M
$28M
$12M
$11M
$16M
$10M
$20M
$20M
$23M
$17M
$18M
$19M
Financing Cash Flow
$-43M
$-32M
$-33M
$-36M
$-59M
$-29M
$-39M
$50M
$-24M
$-18M
$-19M
·
Net Change in Cash
$30M
$24M
$26M
$-22M
$-22M
$18M
$3M
$14M
$6M
$4M
$-11M
$-3M
Taxes Paid
$17M
$15M
$11M
$11M
$13M
$14M
$10M
$16M
$23M
$18M
$10M
$15M
Free Cash Flow
$67M
$61M
$63M
$19M
$39M
$50M
$41M
$32M
$28M
$28M
$17M
$23M
Redditività8
Metrica
Tendenza
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Gross Margin
49.7%
47.8%
47.9%
46.9%
46.7%
47.0%
46.7%
50.3%
50.9%
51.1%
51.2%
53.3%
Operating Margin
21.4%
21.2%
20.6%
20.1%
20.2%
11.3%
8.1%
24.6%
24.1%
24.1%
23.1%
25.2%
Net Margin
16.2%
16.0%
15.0%
12.7%
12.7%
6.6%
2.5%
23.9%
18.7%
16.1%
14.2%
18.1%
Pretax Margin
20.9%
21.2%
20.1%
18.0%
18.1%
11.8%
8.3%
30.1%
23.7%
25.1%
23.8%
26.1%
EBITDA Margin
25.3%
25.6%
25.2%
25.1%
25.2%
17.2%
14.2%
28.2%
28.5%
28.6%
28.1%
30.2%
ROA
16.3%
16.6%
15.8%
12.7%
11.3%
5.0%
1.9%
20.6%
22.3%
20.1%
17.0%
21.0%
ROE
28.8%
29.8%
30.1%
26.7%
26.4%
12.6%
4.9%
43.4%
38.4%
34.6%
28.6%
36.2%
ROIC
28.4%
30.5%
29.9%
26.3%
24.6%
10.4%
6.5%
28.0%
30.6%
33.0%
33.7%
35.4%
Liquidità e Solvibilità3
Metrica
Tendenza
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Current Ratio
2.3
2.2
1.9
1.6
1.6
1.6
1.7
1.8
2.1
2.1
2.2
2.2
Quick Ratio
1.6
1.4
1.1
0.8
0.9
1.0
1.0
1.0
1.2
1.2
1.4
1.5
Debt / Equity
0.0
0.0
0.0
0.2
0.3
0.3
0.3
0.1
·
·
·
·
Efficienza3
Metrica
Tendenza
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Asset Turnover
1.0
1.0
1.0
1.0
0.9
0.8
0.8
0.9
1.2
1.2
1.2
1.2
Inventory Turnover
7.7
7.0
6.0
5.6
5.8
5.4
5.5
5.9
8.1
7.2
6.9
6.4
Receivables Turnover
6.8
7.2
7.0
6.5
6.5
5.8
5.6
5.3
6.3
6.5
6.3
6.4
Per Azione6
Metrica
Tendenza
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Book Value / Share
$9.27
$7.89
$7.43
$6.21
$5.64
$5.42
$5.51
$6.55
$5.36
$4.35
$3.57
$3.86
Revenue / Share
$18.07
$16.90
$16.00
$14.35
·
·
·
·
·
·
·
·
Cash Flow / Share
$4.46
$3.73
$3.86
$2.21
·
·
·
·
·
·
·
·
Cash / Share
$4.58
$3.30
$2.28
$1.19
$2.14
$3.07
$2.30
$2.19
$1.57
$1.32
$1.15
$1.64
Dividend Paid / Share
·
$1.56
$0.68
$0.56
$0.90
$0.24
$0.95
·
·
·
·
·
EPS (TTM)
$2.92
$2.70
$2.41
$1.82
$1.65
$0.77
·
·
·
·
·
·
Valutazione (TTM)17
Metrica
Tendenza
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue TTM
$359M
$336M
$320M
$293M
$271M
$246M
$279M
$253M
$235M
$200M
$176M
$182M
Net Income TTM
$58M
$54M
$48M
$37M
$34M
$16M
$7M
$61M
$44M
$32M
$25M
$30M
Market Cap
$1.01B
$731M
$639M
$496M
$626M
$447M
$590M
$753M
$803M
$622M
$444M
$517M
Enterprise Value
$902M
$654M
$586M
$491M
$607M
$408M
$572M
$718M
·
·
·
·
P/E
14.7
11.5
11.3
11.6
16.2
24.7
·
·
·
·
·
·
P/S
2.8
2.2
2.0
1.7
2.3
1.8
2.1
3.0
3.4
3.1
2.5
2.8
P/B
4.6
3.9
3.7
3.4
4.7
3.5
4.6
4.9
6.4
6.1
5.3
5.7
P / Tangible Book
6.0
5.3
5.1
5.3
8.3
6.6
·
·
·
·
·
·
P / Cash Flow
11.4
9.8
8.3
11.0
11.2
7.4
9.9
14.1
18.3
15.0
12.4
13.7
P / FCF
15.1
12.1
10.2
26.6
16.0
9.0
14.3
23.9
28.9
22.4
25.9
22.7
EV / EBITDA
9.9
7.6
7.3
6.7
8.9
9.6
14.4
10.0
·
·
·
·
EV / FCF
13.5
10.8
9.3
26.4
15.5
8.2
13.8
22.8
·
·
·
·
EV / Revenue
2.5
1.9
1.8
1.7
2.2
1.7
2.0
2.8
·
·
·
·
Dividend Yield
3.7%
3.8%
1.8%
2.3%
2.5%
2.2%
3.4%
2.7%
2.8%
2.8%
4.0%
3.7%
Earnings Yield
6.8%
8.7%
8.8%
8.6%
6.2%
4.0%
·
·
·
·
·
·
Payout Ratio
64.8%
52.3%
24.0%
30.9%
46.2%
61.8%
288.1%
33.3%
51.7%
53.2%
70.4%
58.7%
Annual Payout
$38M
$28M
$12M
$11M
$16M
$10M
$20M
$20M
$23M
$17M
$18M
$19M
Valutazione (TTM)3
Metrica
Tendenza
Q4 2016
Q4 2013
Q4 2012
Q4 2010
Q4 2009
Q4 2008
Q4 2007
Q4 2006
Q4 2005
Revenue TTM
$200M
$170M
$150M
$148M
$121M
·
·
·
·
Net Income TTM
$32M
$24M
$26M
$10M
$18M
·
·
·
·
Annual Payout
$17M
$16M
$33M
$32M
$4M
·
·
·
·
Periodo più recente a sinistra · valori nulli mostrati come ·
Bilanci
Conto economico, stato patrimoniale, flusso di cassa — annuale, ultimi 5 anni
16
Metrica
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Ricavi
$359M
$336M
$320M
$293M
$271M
Margine Lordo %
49.7%
47.8%
47.9%
46.9%
46.7%
Margine Operativo %
21.4%
21.2%
20.6%
20.1%
20.2%
Utile netto
$58M
$54M
$48M
$37M
$34M
EPS Diluito
$2.92
$2.70
$2.41
$1.82
$1.65
Metrica
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Debito / Patrimonio Netto
0.0
0.0
0.0
0.2
0.3
Rapporto corrente
2.3
2.2
1.9
1.6
1.6
Quick Ratio
1.6
1.4
1.1
0.8
0.9
Metrica
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Flusso di cassa libero
$67M
$61M
$63M
$19M
$39M
Proprietari istituzionali (13F)
216 filer
· $624.8M totale
· Aggiornato al 30 Giugno 2026
17
Istituzioni che segnalano il possesso di questo titolo nel loro Modulo SEC 13F trimestrale. Solo posizioni lunghe; un singolo depositante può apparire due volte per diverse gambe di opzioni. Grandi posizioni put/call contrapposte riflettono tipicamente market-making o inventario coperto, non convinzione direzionale.
Detentori216
Valore detenuto$624.8M
Nuove posizioni37
Posizioni chiuse10
Attività istituzionale — Q2 2026 vs trimestre precedente
Nuove posizioni
Posizioni chiuse
Aumentato
Diminuito
Variazione netta delle azioni
37 (+6 vs trimestre precedente)
10 (-1 vs trimestre precedente)
65 (+5 vs trimestre precedente)
60 (-1 vs trimestre precedente)
+10K
Confrontato con Q1 2026. Le dichiarazioni SEC Form 13F sono dovute entro 45 giorni dalla fine del trimestre più un breve margine per i dichiaranti in ritardo — i trimestri ancora all'interno di questa finestra vengono saltati a favore della coppia più recente completamente riportata.
Il peso riflette solo le partecipazioni azionarie dirette (N-PORT); fondi a leva o basati su derivati possono detenere ulteriore esposizione swap non mostrata.