 After the merger, the foundation fell to 5th largest shareholder for 4.68% of the shares of Intesa Sanpaolo (on 31 December 2007).However increased to third largest shareholder on 31 December 2014, after (9.506%) and BlackRock (which acted as a fund manager for their client, 4.897%) The three other major shareholders with >2% were Ente Cassa di Risparmio di Firenze 3.248%, and Fondazione Cassa di Risparmio di Padova e Rovigo (4.162%), as well as Norges Bank 2.032%.Fondazione Cariplo was the largest shareholder (37.65%) of Quaestio Holding, the parent company of Quaestio Capital Management SGR, which was an Italian private equity fund manager.