Ellsworth Advisors, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 16, 2024), Ellsworth Advisors, LLC reported 174 stock positions worth $386.2 million. Its top holding was SPDR Gold Shares (GLD) at 2.9% of the portfolio, followed by General Mills (GIS, 2.8%) and First Trust Enh Short Mat FD (FTSM, 2.6%). Compared with Q2 2024, it opened 25 new positions, sold out of 27, added to 121 and reduced 23. The biggest buy was General Mills (GIS, shares +106%) and the biggest sale Eaton (ETN, shares −95%).

Most Recent 13F
Q2 2026
Location
HUDSON, OH
CIK
0001843553
Portfolio Value
$386.2M (Q3 2024)
SEC Filing
0001843553-24-000004 ↗ filed Oct 16, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $348.5M Q1 2024 Q2 2024: $358.7M Q2 2024 Q3 2024: $386.2M $386.2M Q3 2024 Q4 2024: $381.5M Q4 2024 Q1 2025: $381.1M Q1 2025 Q2 2025: $410.9M Q2 2025 Q3 2025: $468.7M Q3 2025 Q4 2025: $506.0M Q4 2025 Q1 2026: $532.2M Q1 2026 Q2 2026: $608.6M Q2 2026

Holdings 174 stocks · $386.2M
GLD SPDR Gold Shares 2.88% 45,755 $11.1M Reduce -23.5%
GIS General Mills Inc. 2.77% 144,851 $10.7M Add +105.8%
FTSM First Trust Enh Short Mat FD 2.64% 170,468 $10.2M Add +6.6%
PSA Public Storage 2.11% 22,353 $8.1M Add +2.7%
AAPL Apple Inc. 2.07% 34,252 $8.0M Add +1.7%
PKG Packaging Corp. of America 1.95% 34,965 $7.5M Add +0.5%
MRK Merck & Co. Inc. 1.88% 63,910 $7.3M Add +4.1%
CAT Caterpillar Inc. 1.78% 17,623 $6.9M Add +2.3%
JNJ Johnson & Johnson 1.73% 41,109 $6.7M Add +249.0%
SO The Southern Co. 1.68% 71,782 $6.5M Add +0.3%
NVDA Nvidia Corp. 1.67% 53,133 $6.5M Reduce -1.1%
BX Blackstone Inc. 1.67% 42,137 $6.5M Reduce -0.2%
ACGL Arch Capital Group Ltd. 1.60% 55,286 $6.2M Reduce -2.0%
ALL Allstate Corp. 1.60% 32,558 $6.2M Add +0.2%
PRU Prudential Financial Inc. 1.59% 50,800 $6.2M Add +3.0%
MCD McDonald's Corp. 1.53% 19,464 $5.9M Add +2.8%
KO The Coca-Cola Co. 1.53% 82,015 $5.9M Add +0.8%
HGER Harbor Commodity All Weather 1.50% 255,808 $5.8M Add +0.1%
ED Consolidated Edison Inc. 1.50% 55,511 $5.8M Add +3.3%
PAYX Paychex Inc. 1.49% 42,750 $5.7M Add +3.6%
INTU Intuit Inc. 1.48% 9,212 $5.7M Reduce -4.7%
LNT Alliant Energy Corp. 1.44% 91,901 $5.6M Add +4.5%
PGR Progressive Corp. 1.42% 21,639 $5.5M Reduce -0.5%
CSCO Cisco Systems Inc. 1.42% 103,033 $5.5M Add +5.5%
USB US Bancorp 1.41% 119,184 $5.5M Add +3.7%
CI The Cigna Group 1.36% 15,167 $5.3M Reduce -1.3%
LYB Lyondellbasell Indu Class A 1.35% 54,210 $5.2M Add +4.7%
SPTN Spartannash Co. 1.30% 223,742 $5.0M Add +0.8%
DOW Dow Inc. 1.30% 91,644 $5.0M Add +4.5%
CNC Centene Corp. 1.29% 66,347 $5.0M Add +0.1%
RMD Resmed Inc. 1.27% 20,140 $4.9M New
KHC The Kraft Heinz Co. 1.27% 139,934 $4.9M Add +4.4%
CVX Chevron Corp. 1.27% 33,324 $4.9M New
BRK.B Berkshire Hathaway Inc. Class B 1.26% 10,603 $4.9M Reduce -2.8%
TKR Timken Co. 1.24% 56,734 $4.8M Reduce -0.9%
GPK Graphic Packaging Holding Co. 1.23% 160,726 $4.8M Add +0.4%
APD Air Products & Chemicals Inc. 1.22% 15,872 $4.7M New
MKL Markel Group Inc. 1.17% 2,881 $4.5M Reduce -0.5%
GPC Genuine Parts Co. 1.16% 32,092 $4.5M Add +1.0%
GOOG Alphabet Inc. Class C 1.15% 26,456 $4.4M Add +0.5%
ADBE Adobe Inc. 1.14% 8,511 $4.4M New
MSFT Microsoft Corp. 1.14% 10,219 $4.4M Add +1516.9%
JAZZ Jazz Pharmaceuticals PLC 1.09% 37,813 $4.2M Add +1.7%
OC Owens Corning 1.06% 23,207 $4.1M New
CRL Charles River Laboratories 1.06% 20,788 $4.1M New
REIT Alps Active REIT ETF 0.88% 115,948 $3.4M Add +3.2%
LEN Lennar Corp. Class A 0.79% 16,207 $3.0M Add +0.5%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.76% 24,629 $2.9M Add +0.7%
XOM Exxon Mobil Corp. 0.74% 24,504 $2.9M Add +1.2%
BUFG FT Vest Buffered Allocation 0.72% 115,658 $2.8M Add +3.3%
V Visa Inc. Class A 0.64% 8,983 $2.5M Add +4.8%
MCHP Microchip Technology Inc. 0.61% 29,573 $2.4M Add +2.0%
YEAR AB Ultra Short Income ETF filed as AB ACTIVE ETFS INC 0.58% 44,435 $2.3M Reduce -18.8%
PEP Pepsico Inc. 0.57% 12,925 $2.2M Add +2.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.57% 22,728 $2.2M Add +8.2%
NUE Nucor Corp. 0.55% 14,045 $2.1M Add +1.4%
RTX RTX Corp. 0.54% 17,113 $2.1M Add +2.5%
HON Honeywell International Inc. 0.52% 9,727 $2.0M Add +1.9%
JPM JPMorgan Chase & Co. 0.45% 8,246 $1.7M Add +12.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.45% 43,801 $1.7M Add +9.8%
SONY Sony Group Corp. - SP ADR 0.44% 17,769 $1.7M Add +6.8%
GEN Gen Digital Inc. 0.44% 61,784 $1.7M Add +10.7%
NKE Nike Inc. Class B 0.44% 19,162 $1.7M Add +4.1%
LAMR Lamar Advertising Co. Class A 0.44% 12,678 $1.7M Add +10.9%
PNW Pinnacle West Capital 0.43% 18,911 $1.7M Add +9.9%
TM Toyota Motor Corp. -Spon ADR 0.43% 9,326 $1.7M Add +1.6%
EOG EOG Resources Inc. 0.41% 13,032 $1.6M Add +2.4%
ET Energy Transfer LP 0.41% 99,532 $1.6M Add +15.7%
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 0.41% 22,000 $1.6M Add +2.5%
KMI Kinder Morgan Inc. 0.41% 70,905 $1.6M Add +15.8%
SHW The Sherwin-Williams Co. 0.40% 4,008 $1.5M Reduce -1.1%
PM Philip Morris International 0.39% 12,394 $1.5M New
EQH Equitable Holdings Inc. 0.39% 35,790 $1.5M Add +11.9%
SWK Stanley Black & Decker Inc. 0.39% 13,644 $1.5M New
HPE Hewlett Packard Enterprise 0.38% 71,583 $1.5M Add +22.4%
HPQ HP Inc. 0.37% 39,477 $1.4M Add +15.5%
SHEL Shell PLC-ADR 0.36% 20,885 $1.4M Add +18.4%
AES AES Corp. 0.36% 68,595 $1.4M Add +21.5%
UNP Union Pacific Corp. 0.33% 5,161 $1.3M Add +20.9%
RDVY First Trust Rising Dividend 0.32% 21,053 $1.2M Add +1.6%
BG Bunge Global SA 0.32% 12,891 $1.2M Add +21.0%
STRL Sterling Infrastructure Inc. 0.31% 8,133 $1.2M Reduce -4.0%
NFLX Netflix Inc. 0.31% 1,662 $1.2M Add +7.4%
MOS The Mosaic Co. 0.30% 43,556 $1.2M Add +25.5%
IESC Ies Holdings Inc. filed as IES HLDGS INC 0.30% 5,789 $1.2M Reduce -0.3%
AGX Argan Inc. 0.28% 10,740 $1.1M Reduce -1.1%
PH Parker Hannifin Corp. 0.25% 1,550 $979K Reduce -2.9%
HWKN Hawkins Inc. 0.25% 7,560 $964K Add +1.2%
USLM United States Lime & Mineral 0.24% 9,641 $942K Reduce -4.9%
GHM Graham Corp. 0.24% 31,684 $938K Add +1.0%
META Meta Platforms Inc. Class A 0.24% 1,629 $933K Add +13.2%
NBN Northeast Bank 0.23% 11,512 $888K Reduce -8.7%
NEM Newmont Corp. 0.22% 16,220 $867K Add +11.6%
UNH Unitedhealth Group Inc. 0.21% 1,367 $799K Add +11.3%
MO Altria Group Inc. 0.20% 15,405 $786K Add +14.9%
AN Autonation Inc. 0.20% 4,335 $776K Add +12.9%
CRVL Corvel Corp. 0.20% 2,340 $765K Add +2.7%
JPST JPMorgan Ultra-Short Income 0.20% 14,860 $754K Reduce -50.2%
NWPX NWPX Infrastructure Inc. filed as NORTHWEST PIPE CO 0.19% 16,207 $731K Add +4.2%
RIO Rio Tinto PLC-Spon ADR 0.19% 10,229 $728K Add +20.8%
VUG Vanguard Mrngstar GR ETF-Sui 0.19% 1,893 $727K Add +22.5%
PJT PJT Partners Inc. Class A 0.19% 5,442 $726K Add +3.9%
MLR Miller Industries Inc. 0.19% 11,842 $722K Add +3.6%
ESP Espey MFG & Electronics Corp. 0.19% 23,977 $721K Add +6.9%
ADUS Addus Homecare Corp. 0.18% 5,344 $711K Add +3.8%
CCI Crown Castle Inc. 0.18% 5,863 $696K Add +17.1%
SQSP Squarespace Inc. Class A 0.18% 14,883 $691K Add +3.6%
PG The Procter & Gamble Co. 0.18% 3,935 $682K Add +5.3%
ENSG The Ensign Group Inc. 0.17% 4,699 $676K Add +3.5%
AGM Federal Agric MTG Corp. Class C 0.17% 3,574 $670K Add +4.5%
EPD Enterprise Products Partners 0.17% 22,642 $659K Add +3.1%
CVLT Commvault Systems Inc. 0.17% 4,252 $654K Add +4.5%
RDN Radian Group Inc. 0.17% 18,776 $651K Add +4.4%
ESNT Essent Group Ltd. 0.17% 10,070 $647K Add +5.2%
DFIN Donnelley Financial Solution 0.17% 9,824 $647K Add +4.4%
VERX Vertex Inc. Class A 0.17% 16,707 $643K Add +4.3%
VLGEA Village Super Market Class A 0.16% 19,981 $635K Add +5.3%
VITL Vital Farms Inc. 0.16% 18,101 $635K New
GENC Gencor Industries Inc. 0.16% 30,007 $626K New
TRNS Transcat Inc. 0.16% 5,041 $609K Add +4.4%
VIG Vanguard Dividend Apprec ETF 0.16% 3,056 $605K Add +0.1%
MHO M/I Homes Inc. 0.16% 3,521 $603K New
HES Hess Corp. 0.16% 4,436 $602K New
EEFT Euronet Worldwide Inc. 0.15% 5,972 $593K Add +20.3%
DSGX The Descartes Systems Grp 0.15% 5,748 $592K Add +5.7%
EIG Employers Holdings Inc. 0.15% 12,312 $591K Add +6.0%
VEA Vanguard Ftse Developed ETF 0.15% 11,006 $581K Add +9.3%
HSTM Healthstream Inc. 0.15% 20,035 $578K Add +5.1%
UTL Unitil Corp. 0.15% 9,494 $575K New
PEGA Pegasystems Inc. 0.15% 7,819 $571K New
KRT Karat Packaging Inc. 0.15% 21,783 $564K Add +6.8%
KD Kyndryl Holdings Inc. 0.14% 24,069 $553K Add +4.8%
HAL Halliburton Co. 0.14% 18,988 $552K Add +22.3%
ACNB Acnb Corp. 0.14% 12,531 $547K New
OSPN Onespan Inc. 0.14% 32,695 $545K New
XOMA Xoma Royalty Corporation 0.13% 19,475 $516K New
IIIN Insteel Industries Inc. 0.13% 16,527 $514K Add +7.2%
INFA Informatica Inc. Class A 0.13% 20,008 $506K Add +9.0%
TRUST FOR PROFESSIONAL MANAG 0.13% 23,404 $504K Reduce -19.5%
HRL Hormel Foods Corp. 0.13% 15,692 $497K Add +25.6%
WMT Walmart Inc. 0.12% 5,968 $482K Reduce -1.0%
INSW International Seaways Inc. 0.12% 9,325 $481K New
PCOR Procore Technologies Inc. 0.12% 7,561 $467K Add +9.1%
ETN Eaton Corp. PLC 0.12% 1,395 $462K Reduce -94.8%
IJH iShares Core S&P Midcap ETF 0.12% 7,352 $458K Add +40.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.11% 1,669 $440K Add +0.4%
ENB Enbridge Inc. 0.11% 10,232 $416K No change
IVV iShares Core S&P 500 ETF 0.10% 685 $395K Add +0.3%
FDX FedEx Corp. 0.10% 1,362 $373K Add +31.3%
ITOT iShares Core S&P Total U.S. 0.09% 2,858 $359K Add +0.0%
SDVY First Trust Smid Cap Rising 0.09% 9,729 $354K Add +31.0%
LLY Eli Lilly & Co. 0.09% 396 $351K Add +2.1%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.09% 4,783 $344K Add +38.1%
TOWN Towne Bank 0.09% 10,191 $337K Add +0.8%
DLR Digital Realty Trust Inc. 0.09% 2,051 $332K Add +0.8%
SYK Stryker Corp. 0.08% 906 $327K Add +0.2%
AMZN Amazon.com Inc. 0.08% 1,739 $324K Add +8.5%
DFAC Dimensional US Core Equity 2 0.08% 8,918 $306K Add +0.3%
OUSM Alps Oshares US Small-Cap Qu 0.08% 6,735 $304K Add +1.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.07% 1,591 $278K New
PANW Palo Alto Networks Inc. 0.07% 803 $274K No change
MS Morgan Stanley 0.07% 2,620 $273K Add +0.8%
AMT American Tower Corp. 0.07% 1,147 $267K No change
AZO AutoZone Inc. 0.06% 78 $246K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 1,081 $239K New
VXF Vanguard Extended Market ETF 0.06% 1,255 $228K Add +0.2%
GBTC Grayscale Bitcoin Trust ETF 0.06% 4,500 $227K No change
HD Home Depot Inc. 0.06% 552 $224K New
DHR Danaher Corp. 0.06% 801 $223K New
CL Colgate-Palmolive Co. 0.06% 2,104 $218K Add +0.5%
CRM Salesforce Inc. 0.06% 796 $218K Reduce -3.9%
MA Mastercard Inc. Class A 0.05% 424 $209K New
VB Vanguard Most SM-Cap ETF-Usd 0.05% 848 $201K New
NAK Northern Dynasty Minerals 0.00% 30,332 $10K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $8K (not counted above)
SecurityClassShares / PrincipalValueChange
MITAW Coliseum Acquisition A -CW28 *W EXP 08/22/202 166,666$8KNo change

Total filed on the 13F, all lines: $386.2M.

Portfolio Sells Q2 2024 → Q3 2024
ETN Eaton Corp. PLC Reduce -94.8% 0.12% −2.25
WM Waste Management Inc. Sold out 0.00% −1.84
IBKR Interactive Brokers Gro Class A Sold out 0.00% −1.75
RNR Renaissancere Holdings Ltd. Sold out 0.00% −1.31
DE Deere & Co. Sold out 0.00% −1.27
UPS United Parcel Service Class B Sold out 0.00% −1.07
AGCO Agco Corp. Sold out 0.00% −0.99
IART Integra Lifesciences Holding Sold out 0.00% −0.97
AMPH Amphastar Pharmaceuticals Inc. Sold out 0.00% −0.96
GLD SPDR Gold Shares Reduce -23.5% 2.88% −0.71
UNG US Natural Gas Fund LP Sold out 0.00% −0.49
ALV Autoliv Inc. Sold out 0.00% −0.34
TBT Proshares Ultrashort 20+Y TR Sold out 0.00% −0.31
INTU Intuit Inc. Reduce -4.7% 1.48% −0.29
KVUE Kenvue Inc. Sold out 0.00% −0.28
CAMT Camtek Ltd. Sold out 0.00% −0.26
JPST JPMorgan Ultra-Short Income Reduce -50.2% 0.20% −0.22
YEAR AB Ultra Short Income ETF Reduce -18.8% 0.58% −0.19
NVDA Nvidia Corp. Reduce -1.1% 1.67% −0.18
INTC Intel Corp. Sold out 0.00% −0.18
BPMC Blueprint Medicines Corp. Sold out 0.00% −0.16
CLW Clearwater Paper Corp. Sold out 0.00% −0.15
CHRD Chord Energy Corp. Sold out 0.00% −0.14
NSSC Napco Security Technologies Sold out 0.00% −0.14
ODC Oil-Dri Corp. of America Sold out 0.00% −0.13
SM SM Energy Co. Sold out 0.00% −0.13
ANDE The Andersons Inc. Sold out 0.00% −0.13
CASS Cass Information Systems Inc. Sold out 0.00% −0.12
MKL Markel Group Inc. Reduce -0.5% 1.17% −0.10
XLU St Sr Utl SL SE SPDR ETF-Usd Sold out 0.00% −0.08
TSLA Tesla Inc. Sold out 0.00% −0.08
F Ford Motor Co. Sold out 0.00% −0.07
CI The Cigna Group Reduce -1.3% 1.36% −0.06
TRUST FOR PROFESSIONAL MANAG Reduce -19.5% 0.13% −0.04
TKR Timken Co. Reduce -0.9% 1.24% −0.04
CRM Salesforce Inc. Reduce -3.9% 0.06% −0.00
BENSON HILL INC Sold out 0.00% −0.00
BFICQ Burgerfi International Inc. Sold out 0.00% −0.00
WMT Walmart Inc. Reduce -1.0% 0.12% +0.01
ACGL Arch Capital Group Ltd. Reduce -2.0% 1.60% +0.02
NBN Northeast Bank Reduce -8.7% 0.23% +0.02
STRL Sterling Infrastructure Inc. Reduce -4.0% 0.31% +0.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.8% 1.26% +0.03
PH Parker Hannifin Corp. Reduce -2.9% 0.25% +0.03
USLM United States Lime & Mineral Reduce -4.9% 0.24% +0.04
SHW The Sherwin-Williams Co. Reduce -1.1% 0.40% +0.06
AGX Argan Inc. Reduce -1.1% 0.28% +0.06
IESC Ies Holdings Inc. Reduce -0.3% 0.30% +0.07
PGR Progressive Corp. Reduce -0.5% 1.42% +0.16
BX Blackstone Inc. Reduce -0.2% 1.67% +0.21

Portfolio Buys Q2 2024 → Q3 2024
GIS General Mills Inc. Add +105.8% 2.77% +1.53
RMD Resmed Inc. New 1.27% +1.27
CVX Chevron Corp. New 1.27% +1.27
JNJ Johnson & Johnson Add +249.0% 1.73% +1.25
APD Air Products & Chemicals Inc. New 1.22% +1.22
ADBE Adobe Inc. New 1.14% +1.14
OC Owens Corning New 1.06% +1.06
CRL Charles River Laboratories New 1.06% +1.06
MSFT Microsoft Corp. Add +1516.9% 1.14% +1.06
PM Philip Morris International New 0.39% +0.39
SWK Stanley Black & Decker Inc. New 0.39% +0.39
PSA Public Storage Add +2.7% 2.11% +0.36
LNT Alliant Energy Corp. Add +4.5% 1.44% +0.20
MCD McDonald's Corp. Add +2.8% 1.53% +0.19
CAT Caterpillar Inc. Add +2.3% 1.78% +0.19
PKG Packaging Corp. of America Add +0.5% 1.95% +0.18
VITL Vital Farms Inc. New 0.16% +0.16
GENC Gencor Industries Inc. New 0.16% +0.16
ED Consolidated Edison Inc. Add +3.3% 1.50% +0.16
MHO M/I Homes Inc. New 0.16% +0.16
HES Hess Corp. New 0.16% +0.16
ALL Allstate Corp. Add +0.2% 1.60% +0.15
UTL Unitil Corp. New 0.15% +0.15
PEGA Pegasystems Inc. New 0.15% +0.15
IRM Iron Mountain Inc. Add +0.7% 0.76% +0.15
ACNB Acnb Corp. New 0.14% +0.14
OSPN Onespan Inc. New 0.14% +0.14
USB US Bancorp Add +3.7% 1.41% +0.14
SPTN Spartannash Co. Add +0.8% 1.30% +0.14
XOMA Xoma Royalty Corporation New 0.13% +0.13
SO The Southern Co. Add +0.3% 1.68% +0.13
CSCO Cisco Systems Inc. Add +5.5% 1.42% +0.13
INSW International Seaways Inc. New 0.12% +0.12
PAYX Paychex Inc. Add +3.6% 1.49% +0.12
LEN Lennar Corp. Class A Add +0.5% 0.79% +0.11
AAPL Apple Inc. Add +1.7% 2.07% +0.09
KO The Coca-Cola Co. Add +0.8% 1.53% +0.08
REIT Alps Active REIT ETF Add +3.2% 0.88% +0.08
AES AES Corp. Add +21.5% 0.36% +0.08
VTV Vanguard Mrngstr Val ETF-Aui New 0.07% +0.07
RTX RTX Corp. Add +2.5% 0.54% +0.07
KHC The Kraft Heinz Co. Add +4.4% 1.27% +0.07
CNC Centene Corp. Add +0.1% 1.29% +0.07
PNW Pinnacle West Capital Add +9.9% 0.43% +0.07
KMI Kinder Morgan Inc. Add +15.8% 0.41% +0.07
AZO AutoZone Inc. New 0.06% +0.06
IBM Intl Business Machines Corp. New 0.06% +0.06
GPK Graphic Packaging Holding Co. Add +0.4% 1.23% +0.06
UNP Union Pacific Corp. Add +20.9% 0.33% +0.06
HWKN Hawkins Inc. Add +1.2% 0.25% +0.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 182$608.6MHGER, GLD, NVDA, AAPL, FTSM
Q1 2026 164$532.2MGLD, HGER, NVDA, FTSM, JNJ
Q4 2025 165$506.0MGLD, NVDA, HGER, FTSM, AAPL
Q3 2025 164$468.7MGLD, CLS, NVDA, FTSM, AAPL
Q2 2025 156$410.9MNVDA, GLD, FTSM, CLS, HGER
Q1 2025 167$381.1MGLD, FTSM, NVDA, AAPL, JNJ
Q4 2024 164$381.5MGLD, FTSM, NVDA, AAPL, PKG
Q3 2024 174$386.2MGLD, GIS, FTSM, PSA, AAPL
Q2 2024 176$358.7MGLD, FTSM, ETN, MRK, AAPL
Q1 2024 169$348.5MCAT, GLD, FTSM, ETN, MRK