<h3>关键洞察</h3>
<ul>
<li>显著的高机构持股意味着海德堡材料的股价对其交易行为敏感</li>
<li>前 8 大股东持有公司 50% 的股份</li>
<li>持股研究结合分析师预测数据有助于更好地理解股票中的机会</li>
</ul>
<p>人工智能即将改变医疗保健。这 20 只股票正在从早期诊断到药物发现等各个方面进行工作。最棒的是——它们的市值都在 100 亿美元以下——现在仍然有机会提前布局。</p>
<p>查看海德堡材料股份公司（ETR:HEI）的股东可以告诉我们哪个群体最有权力。持有公司最多股份的群体，约占 41%，是机构。换句话说，这个群体在对公司的投资中将获得最多（或失去最多）。</p>
<p>由于机构投资者拥有庞大的资源和流动性，他们的投资决策往往具有很大的影响力，尤其是在个人投资者中。因此，投资于公司的大量机构资金通常是对其未来的强烈信心投票。</p>
<p>让我们更仔细地看看不同类型的股东可以告诉我们关于海德堡材料的哪些信息。</p>
<p>查看我们对海德堡材料的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/4108892-ownership-breakdown-1-dark-2/1758193960231?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/4108892-ownership-breakdown-1-dark-2/1758193960231"/></p>
<p>XTRA:HEI 股东结构 2025 年 9 月 18 日</p>
<h2>机构持股对海德堡材料的启示是什么？</h2>
<p>许多机构将其业绩与接近当地市场的指数进行比较。因此，他们通常会更加关注那些被纳入主要指数的公司。</p>
<p>正如您所看到的，机构投资者在海德堡材料中拥有相当数量的股份。这表明在专业投资者中有一定的可信度。但我们不能仅仅依赖这一事实，因为机构有时也会做出错误的投资，就像其他人一样。如果两个大型机构投资者同时试图抛售一只股票，股价大幅下跌并不罕见。因此，查看海德堡材料过去的盈利轨迹是值得的（见下文）。当然，也要记住还有其他因素需要考虑。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/4108892-earnings-and-revenue-growth-1-dark-2/1758193961481?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/4108892-earnings-and-revenue-growth-1-dark-2/1758193961481"/></p>
<p>XTRA:HEI 盈利和收入增长 2025 年 9 月 18 日</p>
<p>海德堡材料并不被对冲基金持有。我们的数据显示，Spohn Cement Beteiligungen GmbH 是最大股东，持有 29% 的流通股份。第二和第三大股东分别是 BlackRock, Inc.和 Artisan Partners Limited Partnership，各持有 4.9% 的股份。</p>
<p>我们还观察到，前 8 大股东占据了超过一半的股份登记，少数小股东在一定程度上平衡了大股东的利益。</p>
<p>研究机构持股是评估和筛选股票预期表现的好方法。通过研究分析师的情绪也可以实现同样的效果。覆盖该股票的分析师众多，因此查看他们的预测也可能值得。</p>
<h2>海德堡材料的内部持股</h2>
<p>内部人的定义在不同国家之间可能略有不同，但董事会成员始终算在内。管理层最终向董事会负责。然而，管理者作为执行董事会成员并不罕见，尤其是如果他们是创始人或首席执行官。</p>
<p>大多数人认为内部持股是积极的，因为它可以表明董事会与其他股东的利益一致。然而，在某些情况下，权力过于集中在这一群体中。</p>
<p>我们的数据无法确认董事会成员是否个人持有股份。董事会成员至少应有一些个人持股，因此我们的数据可能存在缺陷。一个好的下一步是查看首席执行官的薪酬。</p>
<h2>公众持股</h2>
<p>公众——包括散户投资者——持有公司 30% 的股份，因此不能轻易被忽视。虽然这种持股规模可能不足以影响政策决策，但他们仍然可以对公司政策产生集体影响。</p>
<h2>私人公司持股</h2>
<p>似乎私人公司持有海德堡材料 29% 的股份。仅凭这一事实很难得出任何结论，因此值得调查一下这些私人公司的所有者。有时内部人或其他相关方通过单独的私人公司对上市公司的股份有兴趣。</p>
<h2>下一步：</h2>
<p>我发现研究谁真正拥有一家公司非常有趣。但要真正获得洞察，我们还需要考虑其他信息。例如：我们发现 <strong>海德堡材料有 2 个警示信号</strong>，您应该注意。</p>
<p>但最终决定这家企业所有者表现如何的将是 <strong>未来</strong> 而不是过去。因此，我们认为查看这份免费的报告是明智的，看看分析师是否预测了更光明的未来。</p>
<p>注：本文中的数据是根据过去 12 个月的数据计算得出的，指的是财务报表日期所在月份的最后一天结束的 12 个月期间。这可能与全年年报数据不一致。</p>

Artisan合伙资产管理

<p>海德堡材料公司（ETR:HEI）获得了显著的机构支持，机构持有该公司 41% 的股份。前 8 大股东控制着超过 50% 的股份，表明他们对股价有强大的影响力。值得注意的是，Spohn Cement Beteiligungen GmbH 持有 29% 的股份，而黑石集团和 Artisan 合伙资产管理各持有 4.9%。公众持有 30% 的股份，私营公司持有 29%。这种股权结构表明在专业投资者中具有可信度，但如果大型机构同时出售股份，可能会存在潜在风险。分析师的预测和内部持股情况也应纳入考虑，以进行全面评估</p>

<h3>Key Insights</h3>
<div class="lb-trans"><h3>关键洞察</h3>
</div><ul>
<li>Significantly high institutional ownership implies Heidelberg Materials' stock price is sensitive to their trading actions</li>
<li>The top 8 shareholders own 50% of the company</li>
<li>Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock</li>
</ul>
<div class="lb-trans"><ul>
<li>显著的高机构持股意味着海德堡材料的股价对其交易行为敏感</li>
<li>前 8 大股东持有公司 50% 的股份</li>
<li>持股研究结合分析师预测数据有助于更好地理解股票中的机会</li>
</ul>
</div><p>AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.</p>
<div class="lb-trans"><p>人工智能即将改变医疗保健。这 20 只股票正在从早期诊断到药物发现等各个方面进行工作。最棒的是——它们的市值都在 100 亿美元以下——现在仍然有机会提前布局。</p>
</div><p>A look at the shareholders of Heidelberg Materials AG (ETR:HEI) can tell us which group is most powerful. The group holding the most number of shares in the company, around 41% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company.</p>
<div class="lb-trans"><p>查看海德堡材料股份公司（ETR:HEI）的股东可以告诉我们哪个群体最有权力。持有公司最多股份的群体，约占 41%，是机构。换句话说，这个群体在对公司的投资中将获得最多（或失去最多）。</p>
</div><p>Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future.</p>
<div class="lb-trans"><p>由于机构投资者拥有庞大的资源和流动性，他们的投资决策往往具有很大的影响力，尤其是在个人投资者中。因此，投资于公司的大量机构资金通常是对其未来的强烈信心投票。</p>
</div><p>Let's take a closer look to see what the different types of shareholders can tell us about Heidelberg Materials.</p>
<div class="lb-trans"><p>让我们更仔细地看看不同类型的股东可以告诉我们关于海德堡材料的哪些信息。</p>
</div><p>Check out our latest analysis for Heidelberg Materials</p>
<div class="lb-trans"><p>查看我们对海德堡材料的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/4108892-ownership-breakdown-1-dark-2/1758193960231" alt="" original-src="https://images.simplywall.st/asset/chart/4108892-ownership-breakdown-1-dark-2/1758193960231"/></p>
<p>XTRA:HEI Ownership Breakdown September 18th 2025</p>
<div class="lb-trans"><p>XTRA:HEI 股东结构 2025 年 9 月 18 日</p>
</div><h2>What Does The Institutional Ownership Tell Us About Heidelberg Materials?</h2>
<div class="lb-trans"><h2>机构持股对海德堡材料的启示是什么？</h2>
</div><p>Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.</p>
<div class="lb-trans"><p>许多机构将其业绩与接近当地市场的指数进行比较。因此，他们通常会更加关注那些被纳入主要指数的公司。</p>
</div><p>As you can see, institutional investors have a fair amount of stake in Heidelberg Materials. 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 Heidelberg Materials, (below). Of course, keep in mind that there are other factors to consider, too.</p>
<div class="lb-trans"><p>正如您所看到的，机构投资者在海德堡材料中拥有相当数量的股份。这表明在专业投资者中有一定的可信度。但我们不能仅仅依赖这一事实，因为机构有时也会做出错误的投资，就像其他人一样。如果两个大型机构投资者同时试图抛售一只股票，股价大幅下跌并不罕见。因此，查看海德堡材料过去的盈利轨迹是值得的（见下文）。当然，也要记住还有其他因素需要考虑。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/4108892-earnings-and-revenue-growth-1-dark-2/1758193961481" alt="" original-src="https://images.simplywall.st/asset/chart/4108892-earnings-and-revenue-growth-1-dark-2/1758193961481"/></p>
<p>XTRA:HEI Earnings and Revenue Growth September 18th 2025</p>
<div class="lb-trans"><p>XTRA:HEI 盈利和收入增长 2025 年 9 月 18 日</p>
</div><p>Heidelberg Materials is not owned by hedge funds. Our data shows that Spohn Cement Beteiligungen GmbH is the largest shareholder with 29% of shares outstanding. The second and third largest shareholders are BlackRock, Inc. and Artisan Partners Limited Partnership, with an equal amount of shares to their name at 4.9%.</p>
<div class="lb-trans"><p>海德堡材料并不被对冲基金持有。我们的数据显示，Spohn Cement Beteiligungen GmbH 是最大股东，持有 29% 的流通股份。第二和第三大股东分别是 BlackRock, Inc.和 Artisan Partners Limited Partnership，各持有 4.9% 的股份。</p>
</div><p>We also observed that the top 8 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent.</p>
<div class="lb-trans"><p>我们还观察到，前 8 大股东占据了超过一半的股份登记，少数小股东在一定程度上平衡了大股东的利益。</p>
</div><p>Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.</p>
<div class="lb-trans"><p>研究机构持股是评估和筛选股票预期表现的好方法。通过研究分析师的情绪也可以实现同样的效果。覆盖该股票的分析师众多，因此查看他们的预测也可能值得。</p>
</div><h2>Insider Ownership Of Heidelberg Materials</h2>
<div class="lb-trans"><h2>海德堡材料的内部持股</h2>
</div><p>The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.</p>
<div class="lb-trans"><p>内部人的定义在不同国家之间可能略有不同，但董事会成员始终算在内。管理层最终向董事会负责。然而，管理者作为执行董事会成员并不罕见，尤其是如果他们是创始人或首席执行官。</p>
</div><p>Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.</p>
<div class="lb-trans"><p>大多数人认为内部持股是积极的，因为它可以表明董事会与其他股东的利益一致。然而，在某些情况下，权力过于集中在这一群体中。</p>
</div><p>Our data cannot confirm that board members are holding shares personally. It is unusual not to have at least some personal holdings by board members, so our data might be flawed. A good next step would be to check how much the CEO is paid.</p>
<div class="lb-trans"><p>我们的数据无法确认董事会成员是否个人持有股份。董事会成员至少应有一些个人持股，因此我们的数据可能存在缺陷。一个好的下一步是查看首席执行官的薪酬。</p>
</div><h2>General Public Ownership</h2>
<div class="lb-trans"><h2>公众持股</h2>
</div><p>The general public-- including retail investors -- own 30% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.</p>
<div class="lb-trans"><p>公众——包括散户投资者——持有公司 30% 的股份，因此不能轻易被忽视。虽然这种持股规模可能不足以影响政策决策，但他们仍然可以对公司政策产生集体影响。</p>
</div><h2>Private Company Ownership</h2>
<div class="lb-trans"><h2>私人公司持股</h2>
</div><p>It seems that Private Companies own 29%, of the Heidelberg Materials stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.</p>
<div class="lb-trans"><p>似乎私人公司持有海德堡材料 29% 的股份。仅凭这一事实很难得出任何结论，因此值得调查一下这些私人公司的所有者。有时内部人或其他相关方通过单独的私人公司对上市公司的股份有兴趣。</p>
</div><h2>Next Steps:</h2>
<div class="lb-trans"><h2>下一步：</h2>
</div><p>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. Case in point: We've spotted <strong>2 warning signs for Heidelberg Materials</strong> you should be aware of.</p>
<div class="lb-trans"><p>我发现研究谁真正拥有一家公司非常有趣。但要真正获得洞察，我们还需要考虑其他信息。例如：我们发现 <strong>海德堡材料有 2 个警示信号</strong>，您应该注意。</p>
</div><p>But ultimately <strong>it is the future</strong>, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.</p>
<div class="lb-trans"><p>但最终决定这家企业所有者表现如何的将是 <strong>未来</strong> 而不是过去。因此，我们认为查看这份免费的报告是明智的，看看分析师是否预测了更光明的未来。</p>
</div><p>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.</p>
<div class="lb-trans"><p>注：本文中的数据是根据过去 12 个月的数据计算得出的，指的是财务报表日期所在月份的最后一天结束的 12 个月期间。这可能与全年年报数据不一致。</p>
</div>

Heidelberg Materials AG（ETR:HEI）拥有 41% 的股份，显示出强大的机构支持