FIL Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), FIL Ltd reported 898 stock positions worth $105.2 billion. Its top holding was Microsoft (MSFT) at 3.0% of the portfolio, followed by Toronto-Dominion Bank (TD, 2.4%) and Royal Bank of Canada (RY, 2.3%). Compared with Q4 2024, it opened 80 new positions, sold out of 89, added to 355 and reduced 433. The biggest buy was Suncor Energy (SU, shares +1721%) and the biggest sale Can Imperial BK of Commerce (CM, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- HAMILTON, D0
- CIK
- 0000318989
- Portfolio Value
- $105.2B (Q1 2025)
- SEC Filing
- 0000315066-25-001392 ↗ filed May 12, 2025
Holdings Value
Holdings 898 stocks · $105.2B
| MSFT Microsoft Corp. | 2.96% | 8,298,387 | $3.1B | Reduce -1.0% |
| TD Toronto-Dominion Bank | 2.40% | 42,190,378 | $2.5B | Add +8.2% |
| RY Royal Bank of Canada | 2.29% | 21,412,715 | $2.4B | Reduce -4.0% |
| AMZN Amazon.com Inc. | 1.93% | 10,695,922 | $2.0B | Reduce -3.8% |
| AEM Agnico Eagle Mines Ltd. | 1.73% | 16,797,353 | $1.8B | Reduce -7.6% |
| AAPL Apple Inc. | 1.70% | 8,026,838 | $1.8B | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 1.68% | 11,458,020 | $1.8B | Reduce -1.9% |
| SHOP Shopify Inc. Class A | 1.53% | 16,956,004 | $1.6B | Add +7.5% |
| WCN Waste Connections Inc. | 1.46% | 7,858,098 | $1.5B | Add +9.5% |
| FNV Franco-Nevada Corp. | 1.32% | 8,808,662 | $1.4B | Reduce -3.3% |
| TRP TC Energy Corp. | 1.20% | 26,733,920 | $1.3B | Reduce -6.0% |
| META Meta Platforms Inc. Class A | 1.13% | 2,067,516 | $1.2B | Add +16.4% |
| PGR Progressive Corp. | 1.11% | 4,129,848 | $1.2B | Reduce -1.4% |
| MFC Manulife Financial Corp. | 1.08% | 36,626,252 | $1.1B | Reduce -7.5% |
| CSCO Cisco Systems Inc. | 1.03% | 17,603,468 | $1.1B | Reduce -18.9% |
| TXN Texas Instruments Inc. | 1.00% | 5,875,891 | $1.1B | Add +14.4% |
| HDB HDFC Bank Ltd.-ADR | 0.99% | 15,742,210 | $1.0B | Reduce -9.9% |
| FTS Fortis Inc. | 0.99% | 22,789,652 | $1.0B | Add +6.8% |
| CME Cme Group Inc. | 0.91% | 3,590,727 | $952.6M | Reduce -12.0% |
| RCI Rogers Communications Inc. Class B | 0.89% | 34,994,028 | $934.5M | Add +4.6% |
| BN Brookfield Corp. | 0.87% | 17,582,527 | $920.1M | Reduce -13.6% |
| PDD PDD Holdings Inc. | 0.83% | 7,367,241 | $871.9M | Reduce -7.7% |
| TRI Thomson Reuters Corp. | 0.82% | 5,020,236 | $866.3M | Add +11.7% |
| ENB Enbridge Inc. | 0.82% | 19,430,497 | $860.0M | Add +92.7% |
| ANSS Ansys Inc. | 0.76% | 2,511,578 | $795.1M | Add +20.4% |
| JPM JPMorgan Chase & Co. | 0.73% | 3,123,698 | $766.2M | Add +4.7% |
| NVDA Nvidia Corp. | 0.72% | 7,023,371 | $761.2M | Add +1.7% |
| BLK BlackRock Inc. | 0.72% | 802,004 | $759.1M | Add +16.2% |
| ADBE Adobe Inc. | 0.71% | 1,941,773 | $744.7M | Add +50.7% |
| IVV iShares Core S&P 500 ETF | 0.70% | 1,303,101 | $732.2M | Reduce -6.4% |
| CNQ Canadian Natural Resources | 0.68% | 23,367,946 | $719.0M | Reduce -44.7% |
| WPM Wheaton Precious Metals Corp. | 0.68% | 9,185,080 | $712.8M | Reduce -7.7% |
| WAB Wabtec Corp. | 0.66% | 3,853,876 | $698.9M | Add +3.8% |
| YMM Full Truck Alliance -SPN ADR | 0.65% | 53,818,557 | $687.3M | Add +4.0% |
| PG The Procter & Gamble Co. | 0.65% | 3,991,092 | $680.2M | Add +6.5% |
| UNH Unitedhealth Group Inc. | 0.62% | 1,245,995 | $652.6M | Reduce -9.7% |
| V Visa Inc. Class A | 0.60% | 1,812,931 | $635.4M | Reduce -33.6% |
| BABA Alibaba Group Holding-SP ADR | 0.59% | 4,717,469 | $623.8M | Reduce -63.2% |
| SU Suncor Energy Inc. | 0.59% | 16,018,745 | $620.2M | Add +1720.9% |
| BKR Baker Hughes Co. | 0.58% | 13,905,296 | $611.1M | Reduce -13.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.58% | 1,141,034 | $607.7M | Reduce -5.8% |
| FER Ferrovial NV | 0.58% | 13,625,353 | $606.7M | Reduce -7.1% |
| PBA Pembina Pipeline Corp. | 0.58% | 15,164,376 | $606.6M | Reduce -17.5% |
| WDAY Workday Inc. Class A | 0.57% | 2,580,535 | $602.6M | Reduce -12.9% |
| TCOM Trip.com Group Ltd.-ADR | 0.57% | 9,407,353 | $598.1M | Add +11.3% |
| LIN Linde PLC | 0.57% | 1,277,995 | $595.1M | Add +8.4% |
| BCE Bce Inc. | 0.56% | 25,848,453 | $593.3M | Reduce -1.7% |
| FIS Fidelity National Info Serv | 0.56% | 7,901,273 | $590.1M | Reduce -2.2% |
| BSX Boston Scientific Corp. | 0.55% | 5,714,603 | $576.5M | Reduce -27.6% |
| CP Canadian Pacific Kansas City | 0.53% | 7,961,469 | $558.7M | Add +9.9% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.51% | 26,624,987 | $534.9M | Add +3.0% |
| BAM Brookfield Asset Mgmt-A | 0.50% | 10,773,708 | $521.5M | Reduce -29.9% |
| MA Mastercard Inc. Class A | 0.48% | 920,467 | $504.5M | Reduce -4.1% |
| LRCX Lam Research Corp. | 0.48% | 6,938,394 | $504.4M | Reduce -6.7% |
| TFII Tfi International Inc. | 0.48% | 6,465,234 | $500.6M | Add +11.2% |
| SW Smurfit Westrock PLC | 0.47% | 11,045,763 | $496.9M | Add +0.8% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.47% | 5,187,198 | $495.3M | Add +139.1% |
| ADSK Autodesk Inc. | 0.45% | 1,821,319 | $476.8M | Add +7.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.45% | 1,372,689 | $473.9M | Add +59.9% |
| INTC Intel Corp. | 0.44% | 20,270,816 | $460.4M | Add +64.7% |
| EXC Exelon Corp. | 0.44% | 9,987,233 | $460.2M | Add +477.0% |
| MCHP Microchip Technology Inc. | 0.43% | 9,421,515 | $456.1M | Add +19.6% |
| SE Sea Ltd.-ADR | 0.43% | 3,433,783 | $448.1M | Add +30.5% |
| OMC Omnicom Group | 0.43% | 5,396,469 | $447.4M | Reduce -2.7% |
| AON Aon PLC Class A | 0.41% | 1,074,205 | $428.7M | Reduce -7.4% |
| DLTR Dollar Tree Inc. | 0.41% | 5,681,606 | $426.5M | Add +126.2% |
| HUBB Hubbell Inc. | 0.40% | 1,283,760 | $424.8M | Add +21.3% |
| IBN Icici Bank Ltd.-Spon ADR | 0.40% | 13,279,669 | $418.6M | Reduce -31.7% |
| PKG Packaging Corp. of America | 0.37% | 1,957,000 | $387.5M | Reduce -2.2% |
| PAAS Pan American Silver Corp. | 0.37% | 14,936,470 | $385.8M | Add +11.6% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.36% | 4,107,787 | $381.4M | Reduce -3.9% |
| EA Electronic Arts Inc. | 0.36% | 2,637,355 | $381.2M | Reduce -24.4% |
| WFG West Fraser Timber Co. Ltd. | 0.35% | 4,825,126 | $370.6M | Reduce -4.3% |
| RBA RB Global Inc. | 0.35% | 3,654,103 | $366.5M | Add +79.9% |
| NXPI NXP Semiconductors NV | 0.35% | 1,926,311 | $366.1M | Add +183.0% |
| ICE Intercontinental Exchange Inc. | 0.35% | 2,114,445 | $364.7M | Add +14.8% |
| BMY Bristol-Myers Squibb Co. | 0.34% | 5,934,877 | $362.0M | Add +16.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.34% | 3,630,202 | $358.3M | Reduce -20.4% |
| QSR Restaurant Brands Intern | 0.34% | 5,366,558 | $357.7M | Add +207.1% |
| CCJ Cameco Corp. | 0.34% | 8,680,932 | $357.4M | Reduce -8.4% |
| CCI Crown Castle Inc. | 0.33% | 3,342,108 | $348.3M | Reduce -2.0% |
| ACN Accenture PLC Class A | 0.33% | 1,105,568 | $345.0M | Add +3.7% |
| NEE Nextera Energy Inc. | 0.32% | 4,763,800 | $337.7M | Reduce -5.9% |
| PODD Insulet Corp. | 0.32% | 1,285,365 | $337.5M | Reduce -10.2% |
| INTU Intuit Inc. | 0.32% | 540,529 | $331.9M | Add +33852.8% |
| DHR Danaher Corp. | 0.31% | 1,587,977 | $325.5M | Reduce -2.2% |
| CTSH Cognizant Tech Solutions-A | 0.31% | 4,223,441 | $323.1M | Reduce -32.6% |
| TECK Teck Resources Ltd.-CLS B | 0.30% | 8,802,674 | $320.7M | Reduce -36.0% |
| GIB Cgi Inc. | 0.30% | 3,193,499 | $318.8M | Reduce -11.1% |
| JNPR Juniper Networks Inc. | 0.30% | 8,782,742 | $317.8M | Reduce -31.1% |
| NFLX Netflix Inc. | 0.30% | 339,468 | $316.6M | Add +381.7% |
| CNI Canadian Natl Railway Co. | 0.30% | 3,248,897 | $316.2M | Add +14.9% |
| GE General Electric filed as GE AEROSPACE | 0.30% | 1,563,774 | $313.0M | Reduce -6.6% |
| PAYX Paychex Inc. | 0.30% | 2,018,312 | $311.4M | Reduce -21.5% |
| WDC Western Digital Corp. | 0.29% | 7,573,488 | $306.2M | Add +243.8% |
| ABEV Ambev SA-ADR | 0.29% | 130,300,000 | $303.6M | Add +1697.2% |
| CCEP Coca-Cola Europacific Partne | 0.28% | 3,436,309 | $299.1M | Add +8.3% |
| LNG Cheniere Energy Inc. | 0.28% | 1,291,304 | $298.8M | Reduce -23.6% |
| WFC Wells Fargo & Co. | 0.28% | 4,104,485 | $294.7M | Reduce -0.8% |
| CDW CDW Corp. | 0.28% | 1,834,686 | $294.0M | Add +746.9% |
Options reported separately and not counted above: AG puts ($43.9M), NVDA puts ($824K).
Other holdings (6): bonds, preferreds, convertibles and warrants · $12.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 4,850,000 | $5.7M | New |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 4,000,000 | $3.2M | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 3,206,000 | $2.8M | Reduce -0.7% |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 4,700,000 | $1.0M | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 44,000 | $45K | New |
| SESCW Ivanhoe Capital Class A -CW27 | *W EXP 12/10/202 | 94,633 | $4K | No change |
Total filed on the 13F, all lines: $105.2B.
Portfolio Sells Q4 2024 → Q1 2025
| CM Can Imperial BK of Commerce | Reduce -73.5% | 0.18% | −0.56 |
| CNQ Canadian Natural Resources | Reduce -44.7% | 0.68% | −0.54 |
| BABA Alibaba Group Holding-SP ADR | Reduce -63.2% | 0.59% | −0.42 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -62.7% | 0.18% | −0.38 |
| GOOGL Alphabet Inc. Class A | Reduce -1.9% | 1.68% | −0.38 |
| AMZN Amazon.com Inc. | Reduce -3.8% | 1.93% | −0.35 |
| MSFT Microsoft Corp. | Reduce -1.0% | 2.96% | −0.34 |
| MMYT Makemytrip Ltd. | Reduce -66.2% | 0.13% | −0.30 |
| IVW iShares S&P 500 Growth ETF | Sold out | 0.00% | −0.29 |
| BAM Brookfield Asset Mgmt-A | Reduce -29.9% | 0.50% | −0.28 |
| VRSN Verisign Inc. | Reduce -99.8% | 0.00% | −0.26 |
| RY Royal Bank of Canada | Reduce -4.0% | 2.29% | −0.22 |
| BN Brookfield Corp. | Reduce -13.6% | 0.87% | −0.22 |
| TECK Teck Resources Ltd.-CLS B | Reduce -36.0% | 0.30% | −0.22 |
| AAPL Apple Inc. | Reduce -1.3% | 1.70% | −0.21 |
| V Visa Inc. Class A | Reduce -33.6% | 0.60% | −0.20 |
| CLS Celestica Inc. | Reduce -62.3% | 0.10% | −0.20 |
| HCP Hashicorp Inc. Class A | Sold out | 0.00% | −0.19 |
| MRVL Marvell Technology Inc. | Reduce -21.4% | 0.15% | −0.19 |
| QCOM Qualcomm Inc. | Reduce -96.3% | 0.01% | −0.18 |
| MEOH Methanex Corp. | Reduce -53.1% | 0.09% | −0.17 |
| CSCO Cisco Systems Inc. | Reduce -18.9% | 1.03% | −0.17 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.16 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -31.7% | 0.40% | −0.14 |
| JNPR Juniper Networks Inc. | Reduce -31.1% | 0.30% | −0.14 |
| CTSH Cognizant Tech Solutions-A | Reduce -32.6% | 0.31% | −0.14 |
| WDAY Workday Inc. Class A | Reduce -12.9% | 0.57% | −0.14 |
| ORCL Oracle Corp. | Reduce -79.4% | 0.03% | −0.14 |
| HCA HCA Healthcare Inc. | Reduce -74.3% | 0.06% | −0.14 |
| DIS The Walt Disney Co. | Reduce -20.4% | 0.34% | −0.13 |
| ABNB Airbnb Inc. Class A | Reduce -85.7% | 0.02% | −0.13 |
| X United States Steel Corp. | Sold out | 0.00% | −0.12 |
| CCJ Cameco Corp. | Reduce -8.4% | 0.34% | −0.12 |
| EA Electronic Arts Inc. | Reduce -24.4% | 0.36% | −0.11 |
| CIEN Ciena Corp. | Sold out | 0.00% | −0.11 |
| SAIA Saia Inc. | Reduce -23.3% | 0.17% | −0.11 |
| BSX Boston Scientific Corp. | Reduce -27.6% | 0.55% | −0.11 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -71.0% | 0.04% | −0.11 |
| IYC iShares US Consumer Discreti | Sold out | 0.00% | −0.11 |
| BNS Bank of Nova Scotia | Reduce -72.1% | 0.03% | −0.10 |
| CRM Salesforce Inc. | Reduce -11.8% | 0.25% | −0.10 |
| BARNES GROUP INC | Sold out | 0.00% | −0.09 |
| IBP Installed Building Products | Reduce -52.4% | 0.08% | −0.09 |
| MGA Magna International Inc. | Reduce -26.0% | 0.14% | −0.09 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −0.09 |
| NTNX Nutanix Inc. Class A | Reduce -76.6% | 0.03% | −0.09 |
| INFA Informatica Inc. Class A | Reduce -2.0% | 0.17% | −0.08 |
| MS Morgan Stanley | Reduce -27.2% | 0.18% | −0.08 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Reduce -18.4% | 0.19% | −0.08 |
| CL Colgate-Palmolive Co. | Reduce -33.2% | 0.17% | −0.07 |
Portfolio Buys Q4 2024 → Q1 2025
| SU Suncor Energy Inc. | Add +1720.9% | 0.59% | +0.56 |
| TD Toronto-Dominion Bank | Add +8.2% | 2.40% | +0.46 |
| ENB Enbridge Inc. | Add +92.7% | 0.82% | +0.42 |
| EXC Exelon Corp. | Add +477.0% | 0.44% | +0.38 |
| INTU Intuit Inc. | Add +33852.8% | 0.32% | +0.31 |
| WCN Waste Connections Inc. | Add +9.5% | 1.46% | +0.30 |
| ABEV Ambev SA-ADR | Add +1697.2% | 0.29% | +0.28 |
| BMO Bank of Montreal | Add +139.1% | 0.47% | +0.27 |
| MDB Mongodb Inc. | New | 0.27% | +0.27 |
| CDW CDW Corp. | Add +746.9% | 0.28% | +0.24 |
| DELL Dell Technologies -C | Add +19081.5% | 0.25% | +0.24 |
| NFLX Netflix Inc. | Add +381.7% | 0.30% | +0.24 |
| QSR Restaurant Brands Intern | Add +207.1% | 0.34% | +0.23 |
| DLTR Dollar Tree Inc. | Add +126.2% | 0.41% | +0.23 |
| AU Anglogold Ashanti PLC | Add +2478.4% | 0.23% | +0.22 |
| AJG Arthur J Gallagher & Co. | Add +59.9% | 0.45% | +0.22 |
| NXPI NXP Semiconductors NV | Add +183.0% | 0.35% | +0.22 |
| INTC Intel Corp. | Add +64.7% | 0.44% | +0.21 |
| BIDU Baidu Inc. - Spon ADR | Add +367.6% | 0.25% | +0.20 |
| AMD Advanced Micro Devices | Add +1388.7% | 0.21% | +0.19 |
| RBA RB Global Inc. | Add +79.9% | 0.35% | +0.18 |
| ADBE Adobe Inc. | Add +50.7% | 0.71% | +0.17 |
| TME Tencent Music Entertainm-ADR | New | 0.17% | +0.17 |
| WDC Western Digital Corp. | Add +243.8% | 0.29% | +0.17 |
| TIP iShares Tips Bond ETF | Add +159.3% | 0.26% | +0.17 |
| SE Sea Ltd.-ADR | Add +30.5% | 0.43% | +0.17 |
| IYF iShares US Financials ETF | New | 0.16% | +0.16 |
| META Meta Platforms Inc. Class A | Add +16.4% | 1.13% | +0.16 |
| FTS Fortis Inc. | Add +6.8% | 0.99% | +0.16 |
| FCX Freeport-McMoran Inc. | Add +171.8% | 0.24% | +0.15 |
| TRI Thomson Reuters Corp. | Add +11.7% | 0.82% | +0.15 |
| CAE Cae Inc. | New | 0.14% | +0.14 |
| YMM Full Truck Alliance -SPN ADR | Add +4.0% | 0.65% | +0.13 |
| TDY Teledyne Technologies Inc. | Add +96.5% | 0.24% | +0.13 |
| PAAS Pan American Silver Corp. | Add +11.6% | 0.37% | +0.11 |
| EWC iShares MSCI Canada ETF | New | 0.11% | +0.11 |
| IDU iShares US Utilities ETF | New | 0.10% | +0.10 |
| LIN Linde PLC | Add +8.4% | 0.57% | +0.10 |
| TRGP Targa Resources Corp. | Add +531.5% | 0.12% | +0.10 |
| TXN Texas Instruments Inc. | Add +14.4% | 1.00% | +0.10 |
| BVN Cia DE Minas Buenaventur-ADR | Add +231.3% | 0.13% | +0.10 |
| ANSS Ansys Inc. | Add +20.4% | 0.76% | +0.10 |
| EXPD Expeditors Intl Wash Inc. | New | 0.09% | +0.09 |
| ICE Intercontinental Exchange Inc. | Add +14.8% | 0.35% | +0.09 |
| EEFT Euronet Worldwide Inc. | Add +356.6% | 0.11% | +0.09 |
| CPB The Campbell's Company | New | 0.09% | +0.09 |
| ZTS Zoetis Inc. | Add +10656.8% | 0.09% | +0.09 |
| OTEX Open Text Corp. | Add +158.7% | 0.15% | +0.08 |
| CACI Caci International Inc. Class A | Add +2114.1% | 0.09% | +0.08 |
| BMY Bristol-Myers Squibb Co. | Add +16.3% | 0.34% | +0.07 |
Options Activity Q4 2024 → Q1 2025
| AMGN Amgen Inc. | call | Sold out | 123,000 | $32.1Mbefore exit |
| NVDA Nvidia Corp. | put | Add +117.1% | 7,600 | $824K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | New | 4,850,000 | $5.7M |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | New | 4,000,000 | $3.2M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Reduce -0.7% | 3,206,000 | $2.8M |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | New | 44,000 | $45K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,136 | $139.2B | RY, MSFT, GOOGL, TD, AMZN |
| Q1 2026 | 1,098 | $128.7B | MSFT, RY, GOOGL, AMZN, AAPL |
| Q4 2025 | 1,011 | $133.5B | MSFT, RY, GOOGL, SHOP, TD |
| Q3 2025 | 981 | $127.2B | MSFT, RY, TD, SHOP, AAPL |
| Q2 2025 | 955 | $116.9B | MSFT, TD, RY, AMZN, GOOGL |
| Q1 2025 | 898 | $105.2B | MSFT, TD, RY, AMZN, AEM |
| Q4 2024 | 906 | $107.0B | MSFT, RY, AMZN, GOOGL, TD |
| Q3 2024 | 928 | $110.3B | MSFT, RY, AMZN, TD, GOOGL |
| Q2 2024 | 889 | $101.1B | MSFT, RY, GOOGL, AMZN, AAPL |
| Q1 2024 | 842 | $100.8B | MSFT, CNI, AMZN, GOOGL, RY |