| 1. | HB – ZBIRNI KASTODI RAČUN 4/GENERALI FINANCIAL HOLDINGS FCP-FIS – SUB-FUND 2 | MONTENEGRO | 16.8695 |
| 2. | CERERE S.P.A. | ITALY | 13.9275 |
| 3. | GORGONI LORENZO | ITALY | 12.9788 |
| 4. | GORGONI ANTONIA | ITALY | 10.0016 |
| 5. | MILJAN TODOROVIĆ | ITALY | 7.3982 |
| 6. | PODRAVSKA BANKA DD | CROATIA | 6.5389 |
| 7. | IBIS SRL | ITALY | 4.8682 |
| 8. | DARIO MONTINARI | ITALY | 4.6159 |
| 9. | SIGILFREDO MONTINARI | ITALY | 4.6159 |
| 10. | ANDREA MONTINARI | ITALY | 4.6127 |
| 11. | PIERO MONTINARI | ITALY | 4.6127 |
| 12. | GORGONI PAOLO | ITALY | 1.9965 |
| 13. | HTP " BUDVANSKA RIVIJERA" | MONTENEGRO | 0.9583 |
| 14. | REPUBLIČKI FOND ZA ZDRAVSTVO | MONTENEGRO | 0.6389 |
