13F QoQ Ownership Changes
NPKI Institutional Holders
Period 2025-12-31 · prior 2025-09-30 · 51 new · 83 added · 103 reduced · 20 exited
New Positions(51)
Added To(83)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| BlackRock, Inc. | 6,919,616 | +454,407 | $82.5M | +$9.4M | 7.0% |
| Nuveen, LLC | 1,118,057 | +597,114 | $13.3M | +$7.4M | 114.6% |
| Uniplan Investment Counsel, Inc. | 1,097,217 | +534,572 | $13.1M | +$6.7M | 95.0% |
| Point72 Asset Management, L.P. | 537,031 | +523,235 | $6.4M | +$6.2M | 3792.7% |
| SEI INVESTMENTS CO | 377,829 | +316,226 | $4.5M | +$3.8M | 513.3% |
| AMERICAN CENTURY COMPANIES INC | 3,071,640 | +100,574 | $36.6M | +$3.0M | 3.4% |
| GOLDMAN SACHS GROUP INC | 702,994 | +204,313 | $8.4M | +$2.7M | 41.0% |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1,052,242 | +168,671 | $12.5M | +$2.5M | 19.1% |
| PRUDENTIAL FINANCIAL INC | 1,918,912 | +91,367 | $22.9M | +$2.2M | 5.0% |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1,163,775 | +97,392 | $13.9M | +$1.8M | 9.1% |
| Qube Research & Technologies Ltd | 771,446 | +112,914 | $9.2M | +$1.7M | 17.1% |
| MORGAN STANLEY | 1,693,062 | +50,157 | $20.2M | +$1.6M | 3.0% |
| TWO SIGMA ADVISERS, LP | 347,691 | +114,200 | $4.1M | +$1.5M | 48.9% |
| Riverwater Partners LLC | 157,876 | +119,051 | $1.9M | +$1.4M | 306.6% |
| Verition Fund Management LLC | 175,974 | +110,932 | $2.1M | +$1.4M | 170.6% |
| Granahan Investment Management, LLC | 580,447 | +80,507 | $6.9M | +$1.3M | 16.1% |
| TWO SIGMA INVESTMENTS, LP | 505,158 | +71,458 | $6.0M | +$1.1M | 16.5% |
| Engineers Gate Manager LP | 102,979 | +85,968 | $1.2M | +$1.0M | 505.4% |
| BANK OF AMERICA CORP /DE/ | 197,714 | +54,322 | $2.4M | +$735.0K | 37.9% |
| Brevan Howard Capital Management LP | 89,489 | +58,004 | $1.1M | +$710.6K | 184.2% |
| AQR CAPITAL MANAGEMENT LLC | 174,503 | +46,016 | $2.1M | +$626.9K | 35.8% |
| UBS Group AG | 288,385 | +35,667 | $3.4M | +$579.3K | 14.1% |
| Squarepoint Ops LLC | 58,656 | +40,851 | $699.2K | +$497.8K | 229.4% |
| Panoramic Capital, LLC | 202,754 | +32,320 | $2.4M | +$489.2K | 19.0% |
| PRINCIPAL FINANCIAL GROUP INC | 115,745 | +35,769 | $1.4M | +$475.2K | 44.7% |
| Round Rock Advisors, LLC | 92,114 | +42,564 | $1.1M | +$464.8K | 85.9% |
| OBERWEIS ASSET MANAGEMENT INC/ | 508,750 | +12,250 | $6.1M | +$448.9K | 2.5% |
| WELLS FARGO & COMPANY/MN | 102,735 | +32,819 | $1.2M | +$433.9K | 46.9% |
| Calamos Advisors LLC | 357,603 | +18,511 | $4.3M | +$427.5K | 5.5% |
| Jump Financial, LLC | 239,259 | +21,259 | $2.9M | +$386.4K | 9.8% |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | 46,681 | +30,291 | $556.4K | +$371.1K | 184.8% |
| Quantbot Technologies LP | 69,708 | +21,969 | $830.9K | +$291.0K | 46.0% |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | 39,043 | +23,200 | $465.4K | +$286.2K | 146.4% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 33,064 | +21,503 | $394.1K | +$263.4K | 186.0% |
| Legal & General Group Plc | 76,905 | +16,803 | $916.7K | +$237.0K | 27.9% |
| Campbell & CO Investment Adviser LLC | 86,909 | +15,890 | $1.0M | +$232.7K | 22.4% |
| JPMORGAN CHASE & CO | 230,879 | +7,415 | $2.8M | +$224.7K | 3.3% |
| Swiss National Bank | 166,600 | +9,600 | $2.0M | +$210.2K | 6.1% |
| Pinnacle Wealth Management Advisory Group, LLC | 29,508 | +16,847 | $351.7K | +$208.5K | 133.1% |
| 1492 Capital Management LLC | 177,663 | +6,535 | $2.1M | +$182.3K | 3.8% |
| Creative Planning | 46,483 | +12,538 | $554.1K | +$170.2K | 36.9% |
| ARS Investment Partners, LLC | 43,781 | +10,175 | $521.9K | +$141.8K | 30.3% |
| Graham Capital Management, L.P. | 45,768 | +9,044 | $545.6K | +$130.2K | 24.6% |
| STATE OF WISCONSIN INVESTMENT BOARD | 93,891 | +6,275 | $1.1M | +$128.2K | 7.2% |
| BNP PARIBAS FINANCIAL MARKETS | 44,895 | +8,406 | $535.1K | +$122.5K | 23.0% |
| GWN SECURITIES INC. | 26,697 | +9,004 | $318.2K | +$117.7K | 50.9% |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC | 127,511 | +3,370 | $1.5M | +$115.9K | 2.7% |
| Invesco Ltd. | 180,336 | +140 | $2.1M | +$111.6K | 0.1% |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 80,829 | +4,980 | $963.5K | +$105.6K | 6.6% |
| DEUTSCHE BANK AG\ | 69,654 | +5,089 | $830.3K | +$100.0K | 7.9% |
| BOOTHBAY FUND MANAGEMENT, LLC | 69,290 | +4,610 | $825.9K | +$94.4K | 7.1% |
| FMR LLC | 18,973 | +6,149 | $226.2K | +$81.1K | 47.9% |
| Brooklyn Investment Group | 13,570 | +3,121 | $164.2K | +$72.2K | 29.9% |
| NorthCrest Asset Manangement, LLC | 39,089 | +250 | $492.1K | +$63.7K | 0.6% |
| ROTHSCHILD INVESTMENT LLC | 101,323 | +38 | $1.2M | +$62.2K | 0.0% |
| BARCLAYS PLC | 154,287 | +43,247 | $1.3M | +$57.1K | 38.9% |
| Pacific Ridge Capital Partners, LLC | 50,947 | +2,290 | $607.3K | +$57.0K | 4.7% |
| MetLife Investment Management, LLC | 45,353 | +1,489 | $540.6K | +$44.5K | 3.4% |
| KLP KAPITALFORVALTNING AS | 18,000 | +2,900 | $214.6K | +$43.8K | 19.2% |
| PINNACLE ASSOCIATES LTD | 66,640 | +162 | $794.3K | +$42.5K | 0.2% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 38,141 | +1,657 | $454.6K | +$42.0K | 4.5% |
| AlphaQuest LLC | 24,852 | +2,146 | $296.2K | +$39.4K | 9.4% |
| Penn Capital Management Company, LLC | 53,072 | +43 | $632.6K | +$32.9K | 0.1% |
| MERCER GLOBAL ADVISORS INC /ADV | 24,363 | +1,478 | $290.4K | +$31.6K | 6.5% |
| ProShare Advisors LLC | 14,970 | +1,542 | $178.4K | +$26.6K | 11.5% |
| Caitong International Asset Management Co., Ltd | 2,146 | +2,138 | $25.6K | +$25.5K | 26725.0% |
| Quantinno Capital Management LP | 21,647 | +136 | $258.0K | +$14.7K | 0.6% |
| STIFEL FINANCIAL CORP | 14,421 | +484 | $171.9K | +$14.3K | 3.5% |
| OSAIC HOLDINGS, INC. | 9,368 | +235 | $111.7K | +$12.6K | 2.6% |
| Quarry LP | 1,620 | +1,025 | $19.3K | +$12.6K | 172.3% |
| GAMMA Investing LLC | 8,028 | +286 | $95.7K | +$8.1K | 3.7% |
| ENVESTNET ASSET MANAGEMENT INC | 12,585 | +1 | $150.0K | +$7.7K | 0.0% |
| NewEdge Advisors, LLC | 11,152 | +30 | $132.9K | +$7.1K | 0.3% |
| FEDERATED HERMES, INC. | 4,544 | +341 | $54.2K | +$6.6K | 8.1% |
| Farther Finance Advisors, LLC | 1,486 | +437 | $17.7K | +$5.8K | 41.6% |
| Larson Financial Group LLC | 728 | +77 | $8.7K | +$1.3K | 11.8% |
| Optiver Holding B.V. | 638 | +4 | $7.6K | +$434 | 0.6% |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 3,080 | +118 | $32.9K | +$202 | 4.0% |
| State of Alaska, Department of Revenue | 17,991 | +13,387 | $213 | +$161 | 290.8% |
| SG Americas Securities, LLC | 39,276 | +10,804 | $468 | +$146 | 37.9% |
| PRICE T ROWE ASSOCIATES INC /MD/ | 61,736 | +3,181 | $736 | +$73 | 5.4% |
| CWM, LLC | 4,917 | +1,079 | $59 | +$16 | 28.1% |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 1,000 | +376 | $12 | +$5 | 60.3% |
Reduced(103)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Bank of New York Mellon Corp | 268,391 | -582,522 | $3.2M | -$6.4M | -68.5% |
| TUDOR INVESTMENT CORP ET AL | 224,475 | -282,110 | $2.7M | -$3.1M | -55.7% |
| CITADEL ADVISORS LLC | 253,940 | -282,739 | $3.0M | -$3.0M | -52.7% |
| GEODE CAPITAL MANAGEMENT, LLC | 1,977,755 | -344,079 | $23.6M | -$2.7M | -14.8% |
| CANNELL CAPITAL LLC | 943,086 | -511,118 | $14.0M | -$2.5M | -35.1% |
| Silvercrest Asset Management Group LLC | 672,040 | -249,170 | $8.0M | -$2.4M | -27.0% |
| VANGUARD GROUP INC | 4,706,012 | -44,251 | $56.1M | +$2.4M | -0.9% |
| AMERIPRISE FINANCIAL INC | 5,165,210 | -82,427 | $61.6M | +$2.2M | -1.6% |
| Ancora Advisors LLC | 958,560 | -237,320 | $11.4M | -$2.1M | -19.8% |
| ROYCE & ASSOCIATES LP | 2,185,610 | -256,670 | $26.1M | -$1.6M | -10.5% |
| Roubaix Capital, LLC | 575,348 | -167,349 | $6.9M | -$1.5M | -22.5% |
| WELLINGTON MANAGEMENT GROUP LLP | 506,597 | -155,100 | $6.0M | -$1.4M | -23.4% |
| DIMENSIONAL FUND ADVISORS LP | 4,466,550 | -330,908 | $53.2M | -$1.0M | -6.9% |
| JANE STREET GROUP, LLC | 324,117 | -97,072 | $3.9M | -$900.2K | -23.0% |
| D. E. Shaw & Co., Inc. | 202,130 | -75,845 | $2.4M | -$734.5K | -27.3% |
| G2 Investment Partners Management LLC | 210,823 | -74,377 | $2.5M | -$712.6K | -26.1% |
| Royal Bank of Canada | 4,604 | -93,660 | $55.0K | -$697.0K | -95.3% |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | 1,852,804 | -41,922 | $22.1M | +$656.1K | -2.2% |
| CITIGROUP INC | 2,338 | -55,556 | $27.9K | -$626.9K | -96.0% |
| MILLENNIUM MANAGEMENT LLC | 106,487 | -60,556 | $1.3M | -$619.9K | -36.3% |
| WASATCH ADVISORS LP | 2,215,905 | -65,959 | $26.4M | +$605.7K | -2.9% |
| STATE STREET CORP | 1,977,000 | -54,279 | $23.6M | +$592.1K | -2.7% |
| Russell Investments Group, Ltd. | 1,880,927 | -52,599 | $22.4M | +$552.5K | -2.7% |
| Empowered Funds, LLC | 375,623 | -64,192 | $4.5M | -$496.9K | -14.6% |
| CoreCommodity Management, LLC | 26,414 | -44,523 | $314.9K | -$487.4K | -62.8% |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 625,623 | -64,192 | $7.5M | -$344.4K | -9.3% |
| PARAGON ASSOCIATES & PARAGON ASSOCIATES II JOINT VENTURE | 400,000 | -50,000 | $4.8M | -$321.5K | -11.1% |
| PANAGORA ASSET MANAGEMENT INC | 669,303 | -13,740 | $8.0M | +$252.9K | -2.0% |
| LOOMIS SAYLES & CO L P | 1,287,030 | -47,199 | $15.3M | +$251.3K | -3.5% |
| RENAISSANCE TECHNOLOGIES LLC | 519,308 | -49,033 | $6.2M | -$237.8K | -8.6% |
| Boston Partners | 52,536 | -23,101 | $626.2K | -$229.2K | -30.5% |
| Aquatic Capital Management LLC | 11,375 | -17,424 | $135.6K | -$190.1K | -60.5% |
| ArrowMark Colorado Holdings LLC | 977,963 | -69,087 | $11.7M | -$184.8K | -6.6% |
| Counterpoint Mutual Funds LLC | 19,965 | -17,272 | $238.0K | -$183.2K | -46.4% |
| 49 WEALTH MANAGEMENT, LLC | 10,069 | -15,786 | $120.0K | -$172.4K | -61.0% |
| RHUMBLINE ADVISERS | 123,652 | -20,096 | $1.5M | -$151.9K | -14.0% |
| MARATHON CAPITAL MANAGEMENT | 357,390 | -30,960 | $4.3M | -$132.2K | -8.0% |
| JACOBS LEVY EQUITY MANAGEMENT, INC | 477,318 | -15,304 | $5.7M | +$118.1K | -3.1% |
| KENNEDY CAPITAL MANAGEMENT LLC | 184,290 | -1,183 | $2.2M | +$99.0K | -0.6% |
| State of Wyoming | 25,225 | -9,671 | $300.7K | -$94.0K | -27.7% |
| First Eagle Investment Management, LLC | 265,321 | -6,800 | $3.2M | +$84.9K | -2.5% |
| Perritt Capital Management Inc | 138,500 | 0 | $1.7M | +$84.5K | 0.0% |
| IRONWOOD INVESTMENT MANAGEMENT LLC | 141,898 | -256 | $1.7M | +$83.7K | -0.2% |
| NORTHERN TRUST CORP | 943,746 | -44,239 | $11.2M | +$75.3K | -4.5% |
| Pennant Select, LLC | 1,014,221 | -48,042 | $12.1M | +$75.3K | -4.5% |
| RAYMOND JAMES FINANCIAL INC | 183,549 | -3,838 | $2.2M | +$68.6K | -2.0% |
| RICE HALL JAMES & ASSOCIATES, LLC | 549,721 | -23,952 | $6.6M | +$64.4K | -4.2% |
| Fisher Asset Management, LLC | 231,971 | -7,315 | $2.8M | +$58.8K | -3.0% |
| Skylands Capital, LLC | 169,700 | -14,300 | $2.0M | -$58.2K | -7.8% |
| ZACKS INVESTMENT MANAGEMENT | 31,194 | -6,666 | $371.8K | -$56.4K | -17.6% |
| ALLIANCEBERNSTEIN L.P. | 92,022 | 0 | $1.1M | +$56.1K | 0.0% |
| INTECH INVESTMENT MANAGEMENT LLC | 41,732 | -5,825 | $497.4K | -$40.4K | -12.2% |
| Pictet Asset Management Holding SA | 15,692 | -3,925 | $187.0K | -$34.8K | -20.0% |
| STRS OHIO | 55,600 | -6,000 | $662.8K | -$33.9K | -9.7% |
| FULLER & THALER ASSET MANAGEMENT, INC. | 53,270 | 0 | $635.0K | +$32.5K | 0.0% |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 53,507 | -226 | $637.8K | +$30.1K | -0.4% |
| Northeast Financial Group, Inc. | 65,902 | -908 | $785.6K | +$29.9K | -1.4% |
| Susquehanna Portfolio Strategies, LLC | 49,060 | 0 | $584.8K | +$29.9K | 0.0% |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 48,622 | 0 | $579.6K | +$29.7K | 0.0% |
| OPPENHEIMER ASSET MANAGEMENT INC. | 28,140 | -4,055 | $335.4K | -$28.7K | -12.6% |
| Penbrook Management LLC | 67,250 | -1,335 | $801.6K | +$25.9K | -1.9% |
| CHOREO, LLC | 33,970 | -379 | $411.7K | +$23.2K | -1.1% |
| JANUS HENDERSON GROUP PLC | 37,000 | 0 | $440.7K | +$22.8K | 0.0% |
| FRANKLIN RESOURCES INC | 104,735 | -3,837 | $1.2M | +$20.5K | -3.5% |
| Police & Firemen's Retirement System of New Jersey | 20,304 | -2,797 | $242.0K | -$19.2K | -12.1% |
| Diversified Trust Co | 27,447 | 0 | $327.2K | +$16.7K | 0.0% |
| NEW YORK STATE COMMON RETIREMENT FUND | 20,189 | 0 | $240.7K | +$12.3K | 0.0% |
| Kathmere Capital Management, LLC | 19,203 | 0 | $228.9K | +$11.7K | 0.0% |
| Bleakley Financial Group, LLC | 24,613 | -347 | $293.4K | +$11.1K | -1.4% |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 24,929 | -2,277 | $297.2K | -$10.5K | -8.4% |
| Savant Capital, LLC | 33,887 | -948 | $403.9K | +$9.9K | -2.7% |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 15,848 | 0 | $188.9K | +$9.7K | 0.0% |
| Arizona State Retirement System | 23,345 | -416 | $278.3K | +$9.5K | -1.8% |
| Voya Investment Management LLC | 15,001 | 0 | $178.8K | +$9.2K | 0.0% |
| Legato Capital Management LLC | 11,243 | 0 | $134.0K | +$6.9K | 0.0% |
| Arax Advisory Partners | 10,350 | -1,145 | $123.4K | -$6.6K | -10.0% |
| Cresset Asset Management, LLC | 10,000 | 0 | $119.2K | +$6.1K | 0.0% |
| Cetera Investment Advisers | 20,997 | -1,600 | $250.3K | -$5.3K | -7.1% |
| Sterling Capital Management LLC | 4,731 | -688 | $56.4K | -$4.9K | -12.7% |
| EverSource Wealth Advisors, LLC | 1,528 | -460 | $18.2K | -$4.3K | -23.1% |
| Tower Research Capital LLC (TRC) | 3,740 | -577 | $44.6K | -$4.2K | -13.4% |
| PNC Financial Services Group, Inc. | 17,244 | -562 | $205.5K | +$4.2K | -3.1% |
| WPG Advisers, LLC | 134 | -372 | $1.6K | -$4.1K | -73.5% |
| Ameritas Investment Partners, Inc. | 6,561 | 0 | $78.2K | +$4.0K | 0.0% |
| Aster Capital Management (DIFC) Ltd | 506 | -358 | $6.0K | -$3.7K | -41.4% |
| Tieton Capital Management, LLC | 800,562 | -212,420 | $9.5K | -$1.9K | -21.0% |
| RITHOLTZ WEALTH MANAGEMENT | 10,068 | -375 | $120.0K | +$1.9K | -3.6% |
| Jackson Creek Investment Advisors LLC | 35,141 | -166,121 | $419 | -$1.9K | -82.5% |
| NISA INVESTMENT ADVISORS, LLC | 5,153 | -119 | $61.4K | +$1.8K | -2.3% |
| COMERICA BANK | 5,470 | -139 | $65.2K | +$1.8K | -2.5% |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 2,258 | 0 | $26.9K | +$1.4K | 0.0% |
| QUADRANT CAPITAL GROUP LLC | 1,531 | 0 | $18.3K | +$934 | 0.0% |
| CANADA LIFE ASSURANCE Co | 9,596 | -68,297 | $114 | -$764 | -87.7% |
| US BANCORP \DE\ | 280 | 0 | $3.3K | +$171 | 0.0% |
| Parallel Advisors, LLC | 62 | 0 | $739 | +$38 | 0.0% |
| JONES FINANCIAL COMPANIES LLLP | 52 | 0 | $620 | +$32 | 0.0% |
| SBI Securities Co., Ltd. | 40 | -1 | $477 | +$13 | -2.4% |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO | 17,237 | 0 | $205 | +$10 | 0.0% |
| Fortitude Family Office, LLC | 11 | 0 | $131 | +$7 | 0.0% |
| HARBOUR INVESTMENTS, INC. | 9 | 0 | $107 | +$5 | 0.0% |
| AMALGAMATED BANK | 2,579 | -323 | $31 | -$2 | -11.1% |
| Covestor Ltd | 29 | -26 | $0 | -$1 | -47.3% |
| HARBOR CAPITAL ADVISORS, INC. | 218,649 | -11,776 | $2.6K | $0 | -5.1% |
Sold Out(20)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| ACK Asset Management LLC | 0 | -1,576,808 | $0 | -$17.8M | — |
| Cubist Systematic Strategies, LLC | 0 | -246,944 | $0 | -$2.8M | — |
| JENNISON ASSOCIATES LLC | 0 | -85,001 | $0 | -$961.4K | — |
| VICTORY CAPITAL MANAGEMENT INC | 0 | -74,750 | $0 | -$845.4K | — |
| XTX Topco Ltd | 0 | -46,000 | $0 | -$520.3K | — |
| ExodusPoint Capital Management, LP | 0 | -44,922 | $0 | -$508.1K | — |
| Terril Brothers, Inc. | 0 | -39,700 | $0 | -$449.0K | — |
| FOX RUN MANAGEMENT, L.L.C. | 0 | -34,957 | $0 | -$395.4K | — |
| Quadrature Capital Ltd | 0 | -18,289 | $0 | -$206.5K | — |
| Entropy Technologies, LP | 0 | -16,300 | $0 | -$184.4K | — |
| Point72 (DIFC) Ltd | 0 | -15,260 | $0 | -$172.6K | — |
| Versor Investments LP | 0 | -14,500 | $0 | -$164.0K | — |
| Longboard Asset Management, LP | 0 | -13,764 | $0 | -$155.7K | — |
| Pathstone Holdings, LLC | 0 | -13,029 | $0 | -$147.4K | — |
| TEACHER RETIREMENT SYSTEM OF TEXAS | 0 | -10,530 | $0 | -$119.1K | — |
| Wilmington Savings Fund Society, FSB | 0 | -2,458 | $0 | -$27.8K | — |
| Point72 Europe (London) LLP | 0 | -1,736 | $0 | -$19.6K | — |
| JPL Wealth Management, LLC | 0 | -280 | $0 | -$3.2K | — |
| Clearstead Advisors, LLC | 0 | -25 | $0 | -$283 | — |
| BESSEMER GROUP INC | 0 | -60 | $0 | -$1 | — |