Data as of 5 Nov 2026

COMPANY RESEARCH

BREDERODE SA

BREB.BR · Luxembourg · Financial Services · Asset Management

Insider Signal

Snapshot: 05 Nov 2026 · 180-day research window

Data quality pass

Insider Signal: 64.0 / 100
Reported buyers: 3
Net purchases: 817.3k EUR
Latest disclosure: 2026-10-21

What stands out

3 reported buyers participated in qualifying purchases during the last 180 days.
René Beltjens accounts for 97% of comparable reported purchase value; buyer breadth and value are different measures.

Price vs insider buying

BREB.BR · EUR

● Purchase　× Sale　◇ Public disclosure　▥ 15-day cluster ·

Circles and crosses mark trade dates; diamonds below the axis mark later public disclosures. The trade became public on its disclosure date. Prices are nearest-session closes, not insider execution prices. Marker sizes are not compared when values or currencies differ.

BULL VS BEAR

Two readings of this buying

The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.

Since 2026-11-03, neither column has changed. All bull and bear lists, and what followed each line in the past →

Where the evidence comes from

Independent evidence does not object: the purchases themselves carry bull lines (several insiders together, senior executive buying); share price and trading, company results were checked and none crosses a bear threshold. No data is held for: short sellers, company actions.

The insider purchases themselvesBullseveral insiders together, senior executive buying Bearvalue concentrated in one buyer, buyer's past purchases trailed the benchmark6 checked, under the threshold · 2 missing
Share price and trading3 checked, under the threshold
Short sellers1 missing
Company results1 checked, under the threshold · 1 missing
Company actionsno data held

Bull case · the buying is informative

3 insiders bought within 15 days (2026-09-11 to 2026-09-23). Several people reaching the same decision at the same time is hard to put down to one person's circumstances.Record: after 5,440 earlier disclosures like this, the median 60-session excess return was −3.5%, within 1 percentage point of all comparable disclosures (−3.4%).
The buyers include the CEO or chair, who sees more of the business than most filers. This site's score gives little or no credit for that: in its backtests purchases by senior executives did no better than other insiders' purchases.Record: after 8,812 earlier disclosures like this, the median 60-session excess return was −3.1%, within 1 percentage point of all comparable disclosures (−3.4%).

Bear case · discount it

René Beltjens accounts for 97% of the value bought. The other 2 buyers add names more than money.Record: after 3,525 earlier disclosures like this, the median 60-session excess return was −3.4%, within 1 percentage point of all comparable disclosures (−3.5%).
The 7 earlier purchases by René Beltjens trailed STOXX Europe 600 (regional proxy) by a median 2.8% over the following 60 trading days.

Evidence still missing

Only one reading of profitability is held (profit margin 107%). Whether earnings and cash flow are rising or falling needs the last two reports side by side.
The short-position register for this company's market is not captured here, so whether professional investors are positioned against the buying is not known.
European notifications have no field saying whether a purchase was pre-arranged; there is no counterpart to the US 10b5-1 box. None of the 14 purchase lines mentions a plan, but a bare “Acquisition” does not rule one out.
The filings give the size of each trade, not what the buyer already held. Whether a purchase added 1% to a personal stake or doubled it is not known.

Checked and under the threshold: 10

Either3 insiders bought in the last 180 days and 2 in the 180 days before. Bull when the number at least doubles and rises by two; bear when at least two bought before and no more buy now.
Bear0 of 3 buyers filed as a person closely associated with a manager. Counted for the bear side from half.
EitherNet purchases equal 0.03% of the company's market value. Bull from 0.10%, bear below 0.01%.
EitherInsider purchases in the last 20 sessions equal 2.1% of the stock's traded value. Bull from 5.0%, bear below 0.50%.
BearNo insider sale is recorded in the same 180 days.
EitherThe latest purchase is 22 days old. Bull up to 14 days, bear from 90.
BearThe share price changed +1.00% over six months (three months −1.7%, one month +1.00%). Counted for the bear side from a fall of 20%.
BearOver three months the share price changed −1.7% and the median of 385 Financial Services companies changed −1.7%: ahead by 0 points. Counted for the bear side from 20 points behind.
BearProfit margin on the latest captured figures is 107%. Counted for the bear side when negative.
BearAbout €633k of the stock changes hands on an average day. Counted for the bear side below €500k.

Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.

Who is trading?

Named filings in 180 days. Purchase values are summed only when complete and in one currency.

Role Activity

Insider

Transaction activity

Purchase value

Latest trade

Details

René BeltjensBoard member

10 buy · 0 sell

796.1k EUR

2026-10-14

View transactions · 10

Trade date	Disclosure	Type	Shares	Price	Currency	Source
2026-10-14	2026-10-21	Acquisition	1899.0	97.810269	EUR	—
2026-10-08	2026-10-08	Acquisition	751.0	98.825965	EUR	—
2026-10-05	2026-10-08	Acquisition	1249.0	98.815188	EUR	—
2026-10-01	2026-10-02	Acquisition	2000.0	100.91135	EUR	—
2026-09-23	2026-09-28	Acquisition	141.0	105.538298	EUR	—
2026-09-22	2026-09-28	Acquisition	572.0	105.434091	EUR	—
2026-09-21	2026-09-28	Acquisition	318.0	105.461321	EUR	—
2026-09-18	2026-09-28	Acquisition	230.0	105.484783	EUR	—
2026-09-16	2026-09-28	Acquisition	224.0	105.487054	EUR	—
2026-09-15	2026-09-28	Acquisition	515.0	105.437864	EUR	—

Nicolas Louis PINONCEO / chair

2 buy · 0 sell

15.6k EUR

2026-09-11

View transactions · 2

Trade date	Disclosure	Type	Shares	Price	Currency	Reported value	Source
2026-09-11	2026-09-14	Acquisition Acquisition of Brederode S.A. shares on the open market	72.0	105.8	EUR		—
2026-06-12	2026-06-12	Acquisition Acquisition of Brederode shares on the open market	78.0	102.6	EUR		—

Dimitri van der MerschCEO / chair

2 buy · 0 sell

5.5k EUR

2026-09-18

View transactions · 2

Trade date	Disclosure	Type	Shares	Price	Currency	Reported value	Source
2026-09-18	2026-09-18	Acquisition	24.0	106.0	EUR		—
2026-06-16	2026-06-16	Acquisition	29.0	103.6	EUR		—

INSIDER SIGNAL

Score breakdown：64.0 / 100

3 insiders · 14 purchase events · €817k net purchases

Europe #189 · Luxembourg #1

WHY THIS SIGNAL?

Score anatomy

Each bar is that part's points in the score; the five parts add up to the score.

Number of buyers+29.8 / 35

How many different insiders bought within 15 days

Amount bought+22.1 / 25

The value bought, net of any insider sales

Buyers' roles+0.0 / 20

Lower in the company scores higher: in the backtest, purchases by the most senior insiders did worse

How recent+2.2 / 10

How long ago the latest purchase took place

Buying against selling+10.0 / 10

Lower when insiders also sold

What is holding the score back?

⚠ Buyers' roles add little · most senior buyer: CEO / chair; the most senior score lowest
⚠ The latest purchase was some time ago
✓ Many buyers · 4 or more different insiders

Buyers' roles follow the European ranking's order of roles: the most senior insiders score lowest.

BUYING PROFILE

14 events · 3 insiders · 180d

Cluster 79%Repeat 21%Independent 0%Large 0%

Percentages are mutually exclusive and sum to 100%.

Buying concentration

97%

Largest buyer：René Beltjens · 796k EUR
Purchases counted, before sales：817k EUR

The amount at the top of the page is purchases minus sales; this one counts purchases only, in the filing currency, so the two can differ. The score counts how many people bought; this shows separately who bought the most.

This is a ranking under the current European screening rules—not a probability of gain, return forecast, or buy recommendation.

Key purchase quotes (filing currency)

Filer	Price per unit	Trade date
René Beltjens	97.810269 EUR	Oct 14, 2026
René Beltjens	98.825965 EUR	Oct 8, 2026
René Beltjens	100.91135 EUR	Oct 1, 2026

Model details

Cluster breakdown (does not change the score)

15-day buyer breadth (count): 3 distinct reported filers
Peak time window: 2026-09-11 to 2026-09-23
Current breadth input: 0.850 (capped at 4+ buyers)
Buyer independence: Not yet measured; related-party fields are not cross-market comparable

What the filings show

🟢 Latest purchase counted
René Beltjens · 186k EUR · Price 97.810269 EUR · Oct 14, 2026
🟢 Purchase by a manager or director
René Beltjens · 74k EUR · Price 98.825965 EUR · Oct 8, 2026
🟢 Purchase by a manager or director
René Beltjens · 202k EUR · Price 100.91135 EUR · Oct 1, 2026
🟡 11 more purchase line(s) counted, from 11 filing(s)

Filing and data quality

These checks are auditable context; they do not change the rank or score.

Identity match: PASS · isin
Ticker / ISIN: Present
Filing source links: 0 / 19
Median disclosure lag: 3 days
Latest disclosure age: 15 days at snapshot
Corrections / revisions: 0
Score-factor detail: Saved

Insider timeline

3 insiders bought within 13 days, 11 Sep to 23 Sep: 2 CEO / chair, 1 Board member. 1 of them bought again later. The share closed at 105.80 on the first of those days and at 101.20 most recently (−4.3%). That week 186 companies across Europe disclosed insider purchases, an ordinary week (14 of the last 26).

Tap an item for what it means.

●A purchase: the bigger the dot, the more was bought

Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount.

▮Purple band: several insiders bought within 15 days

The band marks the stretch with the most different buyers: at most 15 days long and at least two people. Here it is 11 Sep – 23 Sep, with 3 insiders. Only the strongest stretch is marked. Several people deciding the same thing is harder to explain by one person's private reasons, but insiders often buy together just after a closed period ends, so compare it with the grey weekly bars.

Blue line: this share's price, −0.6% over these six months

The closing price of each day, from 101.80 on 2026-05-11 to 101.20 on 2026-11-04. The line has no scale; read it for high and low: a dot on a low stretch was bought cheaply, a dot on a high stretch was not.

Dashed line: the typical stock on the same exchange, −5.0%

Taken from the 34 other stocks on the same exchange that this site holds prices for. Each is measured from the first day of the window, and every day the middle one is drawn. It starts where the blue line starts, so the gap between the two is the difference: this share −0.6%, the typical one −5.0%, 4.4 points ahead. It is not an index and not a comparison within one industry.

▂Grey bars: companies across Europe disclosing purchases each week

A taller bar is a week in which more companies disclosed insider purchases. The purple bar is the week of the band above: 186 companies, number 14 of the last 26 weeks. If that week was a peak anyway, buying together is less special than it looks.

This company: insiders buying per month, last 12 months

2Dec

Jan

Feb

2Mar

Apr

May

2Jun

Jul

Aug

3Sep

1Oct

Nov

Darker bars are inside the 180-day window above.

Who traded

Insider	Role	Purchases	Sales	Bought	First purchase	Share price since	Earlier purchases
Nicolas Louis PINON	CEO / chair	2	—	15.6k EUR	2026-06-12	−1.7%	7 completed, median −4.2% against peers after 60 sessions
Dimitri van der Mersch	CEO / chair	2	—	5.5k EUR	2026-06-16	−2.5%	5 completed, median −4.2% against peers after 60 sessions
René Beltjens	Board member	10	—	796.1k EUR	2026-09-15	−4.0%	7 completed, median −2.8% against peers after 60 sessions

Insiders' buying price vs the latest close

Insiders paid 100.98 EUR a share on average (18 purchase lines, 3 buyers, 2025-12-12 – 2026-10-14). The close on 2026-11-04 was 0.2% above that price.

The latest purchase (2026-10-14) was at 97.81 EUR; the close was 3.5% above that price.

Prices paid are weighted by shares and taken from the filings; dividends are not counted. Not scored. 1 more purchase line could not be compared with the share price and is left out.

Buying size vs market trading

2.05% · of estimated traded value in the same period

2026-10-08 – 2026-11-04 · 20 recorded trading sessions

Disclosed qualifying purchases: 259,960 EUR
Estimated market traded value: 12,661,852 EUR

Market-data coverage: 516 verified sessions · Latest session: 2026-11-04 · Ratio status: Available

Recent and largest purchase events / preceding 60-session ADTV

Oct 14 · René Beltjens · Director of Brederode SA
185,742 EUR · 33.18%
559,760 EUR ADTV
Oct 08 · René Beltjens · Director
74,218 EUR · 14.16%
524,080 EUR ADTV
Oct 05 · René Beltjens · Director
123,420 EUR · 24.62%
501,321 EUR ADTV
Oct 01 · René Beltjens · Director of Brederode SA
201,823 EUR · 41.23%
489,449 EUR ADTV
Sep 23 · René Beltjens · Director of Brederode SA
14,881 EUR · 3.13%
474,976 EUR ADTV
Sep 22 · René Beltjens · Director of Brederode SA
60,308 EUR · 12.69%
475,279 EUR ADTV
Sep 21 · René Beltjens · Director of Brederode SA
33,537 EUR · 7.14%
469,696 EUR ADTV
Sep 15 · René Beltjens · Director of Brederode SA
54,300 EUR · 11.92%
455,595 EUR ADTV

Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.

Sector context

Financial Services

Buying breadth: 11.8% (78 / 663 issuers)
Sector rank: #1 / 12
7D breadth change: +0.7 pp · vs 2026-10-29 (7d)
30D breadth change: History building

This is sector-level research context. It does not affect the Insider Signal or ranking.

View Europe sector research →

Insider profile outcomes

Historical performance following insider filings. The company role is translated below each name while preserving the original title.

Excess return = stock return − STOXX Europe 600 (regional proxy) return over the same period.
Hit rate = completed events with positive excess return ÷ total completed events.
Price coverage = valid point-in-time prices ÷ events mature enough for that period.
Returns start on the first shared trading session on or after publication.
Small-sample rule: n<5 is shown for transparency and is not scored.

Events are disclosure-level observations; related disclosures published on the same date may share a return path and may not be statistically independent. This research enrichment does not affect the insider score or ranking.

René BeltjensDirector | Director of Brederode SA10 completed 20D event(s)

Period	Completed events	Price coverage	Hit rate	Median excess return	Average excess return	Worst excess return
5D	12Developing evidence	100.0% (12/12)	16.7% (2/12)	-2.7%	-1.7%	-4.4%
20D	10Developing evidence	100.0% (10/10)	30.0% (3/10)	-2.6%	-0.5%	-7.2%
60D	7Developing evidence	100.0% (7/7)	0.0% (0/7)	-2.8%	-2.8%	-5.0%
120D	7Developing evidence	100.0% (7/7)	42.9% (3/7)	-8.3%	-6.1%	-17.6%

First purchase in 12M

2/12

Large purchase ≥ €100k

10/12

Cluster buying · 15D

5/12

Buying the dip · ≥20% below prior 52W high

0/12

Routine / opportunistic

Not classifiable

Nicolas Louis PINONCFO, Executive Director | CFO, executive director | Co-CEO8 completed 20D event(s)

Period	Completed events	Price coverage	Hit rate	Median excess return	Average excess return	Worst excess return
5D	8Developing evidence	100.0% (8/8)	37.5% (3/8)	-0.6%	-0.5%	-2.5%
20D	8Developing evidence	100.0% (8/8)	37.5% (3/8)	-1.0%	-1.2%	-8.1%
60D	7Developing evidence	100.0% (7/7)	14.3% (1/7)	-4.2%	-3.4%	-9.4%
120D	6Developing evidence	100.0% (6/6)	16.7% (1/6)	-8.4%	-6.1%	-13.9%

First purchase in 12M

0/8

Large purchase ≥ €100k

0/8

Cluster buying · 15D

3/8

Buying the dip · ≥20% below prior 52W high

0/8

Routine / opportunistic

Not classifiable

Dimitri van der MerschCIO | Manager | co-CEO6 completed 20D event(s)

Period	Completed events	Price coverage	Hit rate	Median excess return	Average excess return	Worst excess return
5D	6Developing evidence	100.0% (6/6)	33.3% (2/6)	-1.4%	-0.4%	-2.0%
20D	6Developing evidence	100.0% (6/6)	33.3% (2/6)	-1.4%	-0.2%	-9.6%
60D	5Developing evidence	100.0% (5/5)	0.0% (0/5)	-4.2%	-3.4%	-5.0%
120D	4Small sample	100.0% (4/4)	25.0% (1/4)	-10.5%	-6.2%	-13.9%

First purchase in 12M

0/6

Large purchase ≥ €100k

0/6

Cluster buying · 15D

6/6

Buying the dip · ≥20% below prior 52W high

0/6

Routine / opportunistic

Not classifiable

Market context

PRICE PERFORMANCE

+1.0%

-1.7%

+1.0%

12M

-0.8%

VOLATILITY & LIQUIDITY

Volatility: 14.5%
Beta: 0.54
Avg daily volume: €574,808.0
20-session drawdown: -1.8%
60-session drawdown: -8.8%
Latest volume / prior median: 0.5×

VALUATION

Market cap: €3.0B
Market cap (EUR ref.): €3.0B
P/E: 4.9×

FUNDAMENTALS

Revenue: —
Net income: —
Operating profit: —
Equity: —
Cash: —
Debt: —
Operating cash flow: —
Free cash flow: —
Profit margin: 106.5%
ROE: 14.5%
Industry: Asset Management

Prices to 04 Nov 2026: price cache (yfinance). From OpenBB/yfinance, captured 29 Oct 2026: Market cap, P/E, Profit margin, ROE, Beta, Industry. ECB EUR reference rate dated 2026-11-05; it is not a trade-date conversion. It does not affect the insider score or rank.

Dividends

Dividend yield: 1.5%at €100.60
Last 12 months: €1.46per share
Payout ratio: 7%of 12-month earnings
Latest ex-dividend: 2026-05-18€1.46
Frequency: Annual
Dividend growth: +6.0%a year, 2022–2025
By year

By year

Year	Payments	Cash per share
2026 (so far)	1	€1.46
2025	1	€1.37
2024	1	€1.29
2023	1	€1.22
2022	1	€1.15

Yahoo Finance: cash dividends by ex-dividend date, the latest close, the payout ratio (dividends ÷ 12-month earnings per share) and announced dates; special dividends included, stock dividends and splits not. Not part of any score.

Disclosed net short positions

This country's register of net short positions was not read for this build. That says nothing about whether short positions exist.

Latest news

No news has been captured for this company.

Regulatory filings

The filing records held for this company carry no link to the original notice.

Filing evidence

These are underlying national-feed records from the 365-day window ending on the saved ranking snapshot. The score uses only the latest 180 days; older qualifying equity purchases remain visible for audit but do not enter the current score. The original filer, role, transaction classification, instrument, price, volume, value and source fields are retained. The first three rows are shown; remaining records can be unfolded for audit. Other transaction types are retained but excluded from the score.

Excluded transactions & classification

19 qualifying purchase disclosure(s) · 19 transaction line(s)

Trade Oct 14, 2026Acquisition

René Beltjens · Director of Brederode SA

Published Oct 21, 2026 · Shares · 1899.0 shares × 97.810269 EUR · —

—

Trade Oct 8, 2026Acquisition

René Beltjens · Director

Published Oct 8, 2026 · Shares · 751.0 shares × 98.825965 EUR · —

—

Trade Oct 5, 2026Acquisition

René Beltjens · Director

Published Oct 8, 2026 · Shares · 1249.0 shares × 98.815188 EUR · —

—

Unfold all 16 remaining filing row(s)

Transaction date	Published	Filer	Role	Transaction	Instrument	Price (local currency)	Quote currency	Volume	Source
2026-10-01	2026-10-02	René Beltjens	Director of Brederode SA	Acquisition	Shares	100.91135 EUR	EUR	2000.0	—
2026-09-23	2026-09-28	René Beltjens	Director of Brederode SA	Acquisition	Shares	105.538298 EUR	EUR	141.0	—
2026-09-22	2026-09-28	René Beltjens	Director of Brederode SA	Acquisition	Shares	105.434091 EUR	EUR	572.0	—
2026-09-21	2026-09-28	René Beltjens	Director of Brederode SA	Acquisition	Shares	105.461321 EUR	EUR	318.0	—
2026-09-18	2026-09-28	René Beltjens	Director of Brederode SA	Acquisition	Shares	105.484783 EUR	EUR	230.0	—
2026-09-18	2026-09-18	Dimitri van der Mersch	co-CEO	Acquisition	Shares	106.0 EUR	EUR	24.0	—
2026-09-16	2026-09-28	René Beltjens	Director of Brederode SA	Acquisition	Shares	105.487054 EUR	EUR	224.0	—
2026-09-15	2026-09-28	René Beltjens	Director of Brederode SA	Acquisition	Shares	105.437864 EUR	EUR	515.0	—
2026-09-11	2026-09-14	Nicolas Louis PINON	Co-CEO	Acquisition Acquisition of Brederode S.A. shares on the open market	Shares	105.8 EUR	EUR	72.0	—
2026-06-16	2026-06-16	Dimitri van der Mersch	co-CEO	Acquisition	Shares	103.6 EUR	EUR	29.0	—
2026-06-12	2026-06-12	Nicolas Louis PINON	Co-CEO	Acquisition Acquisition of Brederode shares on the open market	Shares	102.6 EUR	EUR	78.0	—
2026-03-20	2026-06-16	Dimitri van der Mersch	co-CEO	Acquisition	Shares	103.2 EUR	EUR	35.0	—
2026-03-20	2026-03-20	Nicolas Louis PINON	CFO, Executive Director	Acquisition Acquisition on Brederode SA shares.	Shares	936.0 EUR	EUR	9.0	—
2026-03-20	2026-03-20	Nicolas Louis PINON	CFO, Executive Director	Acquisition Acquisition on Brederode SA shares.	Shares	104.2 EUR	EUR	63.0	—
2025-12-16	2025-12-16	Dimitri van der Mersch	CIO	Acquisition	Shares	106.7 EUR	EUR	44.0	—
2025-12-12	2025-12-12	Nicolas Louis PINON	CFO, Executive Director	Acquisition Acquisition of shares of Brederode S.A. on the open market	Shares	104.6 EUR	EUR	80.0	—

Showing 19 of 19 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.

Other disclosed transactions · excluded from score

The underlying filing feed is unavailable in this snapshot; this is not a claim that no filings exist.

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Model & Sources

Signal history

64.0 / 100

Latest recorded score

↓ -1.6 ptssince the first recorded snapshot on 2026-10-28; 8 calendar days observed

Recorded snapshots: 5
First snapshot: 2026-10-28

There is not yet a 30-calendar-day comparison; earlier scores are not reconstructed. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.

Why did it change?

Less than 30 days of comparable history is available, so factor movement is not yet decomposed.

Signal score history

Fixed 0–100 scale; dates are spaced by calendar time.

Recent recorded points

Oct 28, 202665.6
Oct 29, 202665.4
Nov 3, 202664.3
Nov 4, 202664.1
Nov 5, 202664.0

View all recorded scores

Snapshot date	Signal score
2026-10-28	65.6
2026-10-29	65.4
2026-11-03	64.3
2026-11-04	64.1
2026-11-05	64.0

Why this score? · Model details

Priority = 100 × Σ(fixed weight × 0–1 rule-based input)

Factor	Weight	This company input	Point contribution
15-day buyer breadth (count)	35%	0.850	29.8
Qualified-buy size	25%	0.883	22.1
Role informativeness (inverted)	20%	0.000	0.0
Recency	10%	0.218	2.2
Buy/sell conviction	10%	1.000	10.0

This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.

Snapshot & identity

Snapshot date: 2026-11-05
Ticker: BREB.BR
ISIN: LU1068091351
Sector: Financial Services
Industry: Asset Management

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