Premier Inc. Class A

13F holders, Q3 2025 (September 30)
293holders +18
65new positions
48sold out
5famous investors
$27.80avg. 13F price*

At the end of Q3 2025, 293 institutions reported holding Premier Inc. Class A in their 13F filings, up 18 from Q2 2025. 65 opened new positions and 48 sold out. The largest holders were BlackRock, Inc. ($356.2M), Vanguard Group Inc. ($263.6M) and Dimensional Fund Advisors LP ($153.8M). 5 famous investors held it, including Cliff Asness (0.0% of AQR Capital Management's portfolio), Ken Griffin (0.0% of Citadel Advisors's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).

Company
Premier Inc. Class A
CUSIP
74051N102
Latest filing quarter
Q4 2025

History

Number of 13F holders

0100200300 Q1 2024: 260Q1 2024Q2 2024: 240Q2 2024Q3 2024: 263Q3 2024Q4 2024: 257Q4 2024Q1 2025: 266Q1 2025Q2 2025: 275Q2 2025Q3 2025: 293Q3 2025Q4 2025: 1Q4 2025

Total Exit/New Position Q2 2025 → Q3 2025

InstitutionsTotal Value
New Positions65$80.4M
Exits48$104.3M

All 13F filers, Q2 2025 → Q3 2025: 7,763,802 shares bought and 14,776,545 shares sold, net −7,012,743 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 293 holders

BlackRock, Inc. 0.01% Reduce -5.8% 12,811,795 $356.2M
Vanguard Group Inc. 0.00% Reduce -3.4% 9,481,546 $263.6M
Dimensional Fund Advisors LP 0.03% Reduce -0.1% 5,531,966 $153.8M
State Street Corp. 0.00% Reduce -6.8% 3,970,352 $110.4M
American Century Companies Inc. 0.05% Add +6.2% 3,292,161 $91.5M
Geode Capital Management, LLC 0.00% Reduce -5.4% 2,126,203 $59.1M
Charles Schwab Investment Management Inc. 0.01% Reduce -4.1% 1,842,989 $51.2M
Morgan Stanley 0.00% Reduce -16.6% 1,704,666 $47.4M
Goldman Sachs Group Inc. 0.01% Add +241.2% 1,547,894 $43.0M
LSV Asset Management 0.09% Reduce -2.5% 1,510,767 $42.0M
Bank of America Corp. 0.00% Add +86.3% 1,344,575 $37.4M
Bank of New York Mellon Corp 0.01% Reduce -7.1% 1,090,647 $30.3M
Allianz Asset Management GmbH 0.04% Add +44.9% 1,071,399 $29.8M
Northern Trust Corp. 0.00% Reduce -10.2% 926,883 $25.8M
Bridgeway Capital Management, LLC 0.41% Reduce -10.2% 693,948 $19.3M
Brandes Investment Partners, LP 0.15% Reduce -71.9% 670,452 $18.6M
Alliancebernstein L.P. 0.01% Add +303.4% 647,958 $18.0M
Pentwater Capital Management LP 0.15% New 598,300 $16.6M
Victory Capital Management Inc. 0.01% Add +27.8% 574,656 $16.0M
Pacer Advisors, Inc. 0.04% Reduce -31.5% 556,335 $15.5M
Invesco Ltd. 0.00% Reduce -8.3% 535,448 $14.9M
JPMorgan Chase & Co. 0.00% Add +49.9% 520,106 $14.5M
Principal Financial Group Inc. 0.01% Add +17.1% 479,026 $13.3M
Cambria Investment Management, L.P. 0.72% Reduce -5.0% 427,675 $11.9M
Jane Street Group, LLC 0.01% Add +63.6% 423,738 $11.8M
UBS Group AG 0.00% Reduce -50.5% 414,148 $11.5M
O'shaughnessy Asset Management, LLC 0.07% Add +16.9% 409,359 $11.4M
Quantinno Capital Management LP 0.03% Add +7.4% 391,267 $10.9M
Empowered Funds, LLC 0.11% Reduce -22.8% 390,759 $10.9M
HSBC Holdings PLC 0.01% Add +860.9% 383,687 $10.7M
Public Sector Pension Investment Board 0.04% Add +6.8% 365,841 $10.2M
AQR Capital Management 0.01% Reduce -50.6% 357,196 $9.9M
Ameriprise Financial Inc. 0.00% Reduce -16.7% 338,258 $9.4M
Rhumbline Advisers 0.01% Add +2.1% 280,170 $7.8M
Water Island Capital LLC 1.21% New 278,420 $7.7M
Advisors Asset Management, Inc. 0.13% Reduce -0.2% 272,598 $7.6M
HRT Financial LP 0.03% New 270,213 $7.5M
Nordea Investment Management AB 0.01% Add +4.0% 267,685 $7.4M
Kestrel Investment Management Corp. 4.00% No change 255,350 $7.1M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Reduce -39.8% 242,637 $6.7M
Legal & General Group Plc 0.00% Reduce -7.3% 237,840 $6.6M
Robeco Institutional Asset Management B.V. 0.01% Reduce -37.6% 237,521 $6.6M
Intech Investment Management LLC 0.06% Add +321.4% 236,788 $6.6M
Franklin Resources Inc. 0.00% Reduce -45.6% 224,529 $6.2M
Ritholtz Wealth Management 0.12% Add +29.2% 218,695 $6.1M
Royal Bank of Canada 0.00% Reduce -58.4% 217,430 $6.0M
Deutsche Bank AG 0.00% Add +4.3% 214,537 $6.0M
Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% Add +2.3% 198,931 $5.5M
First Trust Advisors LP 0.00% Reduce -78.8% 195,559 $5.4M
Nuveen, LLC 0.00% Reduce -22.1% 185,873 $5.2M
Wells Fargo & Company 0.00% Add +196.7% 176,796 $4.9M
SG Americas Securities, LLC 0.02% Add +869.8% 174,043 $4.8M
New Age Alpha Advisors, LLC 0.20% Reduce -4.3% 174,028 $4.8M
Swiss National Bank 0.00% Reduce -8.5% 159,612 $4.4M
Citadel Advisors 0.00% Reduce -71.3% 152,557 $4.2M
Schonfeld Strategic Advisors LLC 0.03% New 145,261 $4.0M
Arrowstreet Capital, Limited Partnership 0.00% Add +138.4% 142,131 $4.0M
Creative Planning 0.00% Add +140.8% 139,735 $3.9M
Crossmark Global Holdings, Inc. 0.05% Reduce -14.1% 130,398 $3.6M
Barclays PLC 0.00% Reduce -89.2% 125,824 $3.5M
Wedge Capital Management L L P 0.06% Add +10.3% 125,530 $3.5M
Millennium Management 0.00% New 125,330 $3.5M
Alpine Associates Management Inc. 0.21% New 124,357 $3.5M
Mork Capital Management, LLC 2.29% No change 119,560 $3.3M
AQR Arbitrage LLC 0.12% New 118,050 $3.3M
Redwood Investment Management, LLC 0.34% Reduce -47.7% 114,188 $3.2M
CANADA LIFE ASSURANCE Co 0.00% Reduce -27.5% 105,433 $2.9M
Point72 Asia (Singapore) Pte. Ltd. 0.42% New 98,654 $2.7M
Cerity Partners LLC 0.00% Add +8.4% 95,877 $2.7M
Marshall Wace, LLP 0.00% Add +39.0% 92,906 $2.6M
Caxton Associates LLP 0.07% New 90,633 $2.5M
Credit Industriel Et Commercial 0.56% New 90,000 $2.5M
Segall Bryant & Hamill, LLC 0.03% New 89,036 $2.5M
Mitsubishi UFJ Trust & Banking Corp 0.01% Reduce -13.5% 88,795 $2.5M
State Board of Administration of Florida Retirement System 0.00% Reduce -1.8% 86,925 $2.4M
Prudential Financial Inc. 0.00% Reduce -10.6% 83,940 $2.3M
State of New Jersey Common Pension Fund D 0.01% Add +2.4% 83,153 $2.3M
Citigroup Inc. 0.00% Reduce -56.1% 82,321 $2.3M
Sagefield Capital LP 0.25% New 80,000 $2.2M
California State Teachers Retirement System 0.00% Reduce -15.9% 77,394 $2.2M
Amundi 0.00% Add +97.4% 76,928 $2.1M
Exchange Traded Concepts, LLC 0.02% Reduce -28.6% 77,077 $2.1M
T. Rowe Price Associates Inc. 0.00% Reduce -0.6% 75,620 $2.1M
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.01% Add +235.7% 70,970 $2.0M
Glazer Capital, LLC 0.07% New 70,677 $2.0M
Two Sigma Advisers, LP 0.00% Add +28.3% 64,300 $1.8M
Zacks Investment Management 0.01% Reduce -82.5% 62,256 $1.7M
CWA Asset Management Group, LLC 0.06% Add +11.3% 61,843 $1.7M
Comerica Bank 0.01% Add +7.2% 60,415 $1.7M
Groupe la Francaise 0.02% New 60,000 $1.7M
Y-Intercept (Hong Kong) Ltd 0.04% Add +182.2% 59,665 $1.7M
Verition Fund Management LLC 0.01% Reduce -22.1% 59,544 $1.7M
Thrivent Financial for Lutherans 0.00% Reduce -1.9% 59,404 $1.7M
Ieq Capital, LLC 0.01% Add +183.2% 58,975 $1.6M
Elo Mutual Pension Insurance Co 0.03% Add +12.7% 55,709 $1.5M
Russell Investments Group, Ltd. 0.00% Add +93.4% 53,888 $1.5M
Virtu Financial LLC 0.08% New 53,497 $1.5M
KLP Kapitalforvaltning As 0.01% No change 52,300 $1.5M
Healthcare of Ontario Pension Plan Trust Fund 0.00% No change 51,000 $1.4M
Harvest Management LLC 0.68% New 50,000 $1.4M
MetLife Investment Management, LLC 0.01% Reduce -12.1% 48,002 $1.3M
XTX Topco Ltd 0.07% Add +293.3% 46,762 $1.3M
Summit Trail Advisors, LLC 0.02% New 45,715 $1.3M
Kennondale Capital Management LLC 0.97% Add +42.7% 45,414 $1.3M
ExodusPoint Capital Management, LP 0.02% New 44,512 $1.2M
Tidal Investments LLC 0.00% Add +31.3% 41,685 $1.2M
State of Alaska, Department of Revenue 0.01% Reduce -15.5% 41,417 $1.2M
Illinois Municipal Retirement Fund 0.01% Reduce -17.3% 41,380 $1.2M
Aquatic Capital Management LLC 0.02% Add +45.4% 41,319 $1.1M
Teacher Retirement System of Texas 0.00% Add +60.8% 41,035 $1.1M
Manufacturers Life Insurance Company, The 0.00% Reduce -14.4% 39,694 $1.1M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Reduce -23.6% 38,326 $1.1M
Louisiana State Employees Retirement System 0.02% Reduce -1.6% 37,900 $1.1M
Cwm, LLC 0.00% Reduce -1.7% 35,665 $991K
Capstone Investment Advisors, LLC 0.01% New 35,165 $978K
Voya Investment Management LLC 0.00% Reduce -46.6% 35,038 $974K
STRS Ohio 0.00% Reduce -8.8% 35,000 $973K
Burren Capital Advisors Ltd 2.94% New 34,955 $972K
Vident Advisory, LLC 0.01% Add +268.1% 34,267 $953K
Janus Henderson Group PLC 0.00% No change 34,235 $953K
Brevan Howard Capital Management LP 0.01% Reduce -3.2% 33,840 $941K
Quantbot Technologies LP 0.02% New 30,934 $860K
Susquehanna International Group, LLP 0.00% Reduce -83.8% 30,530 $849K
New York State Teachers Retirement System 0.00% Reduce -2.8% 29,139 $810K
Gabelli Funds LLC 0.01% New 28,150 $783K
Neuberger Berman Group LLC 0.00% Add +115.0% 28,074 $780K
Prelude Capital Management, LLC 0.06% New 27,524 $765K
GABELLI & Co INVESTMENT ADVISERS, INC. 0.12% New 27,500 $765K
Vise Technologies, Inc. 0.03% Add +19.2% 27,369 $761K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% No change 26,671 $741K
BNP Paribas Financial Markets 0.00% Reduce -79.7% 26,467 $736K
Thompson Investment Management, Inc. 0.10% No change 26,030 $724K
Yousif Capital Management, LLC 0.01% Reduce -17.1% 26,004 $723K
ProShare Advisors LLC 0.00% Add +26.2% 25,561 $711K
Osaic Holdings, Inc. 0.00% Add +503.6% 25,437 $704K
HighTower Advisors, LLC 0.00% Reduce -16.8% 25,287 $703K
New York State Common Retirement Fund 0.00% Reduce -13.4% 25,100 $698K
BCK Capital Management LP 0.75% New 25,041 $696K
Arizona State Retirement System 0.00% Reduce -8.5% 24,362 $677K
AlphaQuest LLC 0.04% Reduce -59.5% 23,754 $660K
Amalgamated Bank 0.00% Reduce -1.1% 23,710 $659K
Bridgefront Capital, LLC 0.19% Reduce -33.4% 23,683 $658K
Two Sigma Investments, LP 0.00% Reduce -41.3% 23,526 $654K
Teachers Retirement System of the State of Kentucky 0.01% Reduce -31.4% 23,492 $653K
Police & Firemen's Retirement System of New Jersey 0.01% Add +11.9% 23,224 $646K
Handelsbanken Fonder AB 0.00% No change 23,095 $642K
Baird Financial Group, Inc. 0.00% Reduce -61.2% 22,944 $638K
Horizon Investments, LLC 0.01% New 22,013 $612K
AdvisorShares Investments LLC 0.10% Add +9.8% 21,632 $601K
Royce & Associates LP 0.01% New 21,567 $600K
Caprock Group, LLC 0.01% — 21,720 $573K
Trexquant Investment LP 0.01% Reduce -88.7% 20,562 $572K
State of Tennessee, Department of Treasury 0.00% Reduce -10.3% 20,115 $559K
Mercer Global Advisors Inc. 0.00% Reduce -3.5% 19,941 $554K
Sciencast Management LP 0.10% New 18,974 $527K
D. E. Shaw & Co. 0.00% Reduce -94.2% 18,968 $527K
Tower Research Capital LLC (TRC) 0.01% Add +140.7% 18,921 $526K
Oregon Public Employees Retirement Fund 0.01% Reduce -1.6% 18,565 $516K
Unison Advisors LLC 0.05% Add +0.9% 17,774 $494K
Evergreen Capital Management LLC 0.01% New 17,484 $486K
Avantax Planning Partners, Inc. 0.01% No change 16,998 $473K
Sanctuary Advisors, LLC 0.00% Reduce -17.7% 16,840 $468K
Atria Investments, Inc 0.01% Reduce -34.0% 16,710 $465K
GMO 0.00% Reduce -31.3% 16,353 $455K
Inspire Investing, LLC 0.04% Reduce -71.2% 16,223 $451K
Wealth Enhancement Advisory Services, LLC 0.00% Add +27.8% 15,013 $419K
Natixis Advisors, LLC 0.00% Add +27.9% 14,813 $412K
Vanguard Personalized Indexing Management, LLC 0.00% Add +59.1% 14,689 $408K
Quadrant Capital Group LLC 0.01% Add +0.3% 14,545 $404K
FMR LLC 0.00% Reduce -1.9% 14,107 $392K
Oxford Asset Management LLP 0.13% New 13,962 $388K
Pictet Asset Management Holding SA 0.00% No change 13,380 $372K
Sei Investments Co. 0.00% Add +11.0% 13,144 $366K
Cubist Systematic Strategies, LLC 0.01% New 13,041 $363K
Mariner, LLC 0.00% Reduce -8.9% 12,965 $360K
Cetera Investment Advisers 0.00% Reduce -17.4% 12,902 $359K
Summit Wealth Group LLC / Co. 0.04% New 10,372 $353K
Public Employees Retirement Association of Colorado 0.00% No change 12,360 $344K
Maryland State Retirement & Pension System 0.01% Reduce -51.1% 11,838 $329K
FourThought Financial Partners, LLC 0.03% New 11,609 $323K
WINTON GROUP Ltd 0.01% Add +1.5% 11,493 $320K
Family Manage LLC 0.04% New 11,475 $319K
Greenland Capital Management LP 0.05% New 10,918 $304K
Keystone Financial Services 0.09% Add +0.8% 10,568 $294K
Syon Capital LLC 0.02% Add +11.2% 10,141 $282K
Pathstone Holdings, LLC 0.00% New 9,505 $264K
First Horizon Corp. 0.01% — 9,470 $263K
Mutual of America Capital Management LLC 0.00% Reduce -12.8% 9,224 $256K
Point72 (DIFC) Ltd 0.02% New 9,162 $255K
CIBC Asset Management Inc 0.00% New 8,879 $247K
CIBC Bancorp USA Inc. 0.00% — 8,794 $244K
DRW Securities, LLC 0.01% Reduce -13.1% 8,467 $242K
Foster & Motley Inc. 0.01% New 8,579 $238K
State of Wisconsin Investment Board 0.00% Reduce -26.9% 8,518 $237K
Two Sigma Securities, LLC 0.03% New 8,486 $236K
Panagora Asset Management Inc. 0.00% New 8,365 $233K
Bayforest Capital Ltd 0.11% Reduce -19.8% 8,108 $225K
HB Wealth Management, LLC 0.00% New 8,070 $224K
NFSG Corp 0.03% New 8,028 $223K
NDVR, Inc. 0.18% New 7,894 $219K
Versant Capital Management, Inc 0.03% No change 7,705 $214K
EMC Capital Management 0.10% No change 7,521 $209K
State of Wyoming 0.02% Add +6.5% 7,407 $206K
M&T Bank Corp 0.00% Reduce -20.8% 7,344 $204K
Ameritas Investment Partners, Inc. 0.01% Reduce -26.2% 6,892 $192K
Vestcor Inc 0.01% No change 6,474 $180K
PenderFund Capital Management Ltd. 0.07% New 6,200 $172K
Sterling Capital Management LLC 0.00% Reduce -74.7% 5,712 $159K
Point72 Europe (London) LLP 0.01% New 5,471 $152K
PNC Financial Services Group, Inc. 0.00% Reduce -1.3% 4,778 $133K
Public Employees Retirement System of Ohio 0.00% Reduce -4.1% 4,149 $115K
Smartleaf Asset Management LLC 0.01% Add +44.0% 3,660 $102K
GAMMA Investing LLC 0.01% Add +40.8% 3,550 $99K
EverSource Wealth Advisors, LLC 0.00% Reduce -5.7% 2,798 $78K
KBC Group NV 0.00% No change 2,756 $77K
Longfellow Investment Management Co. LLC 0.02% New 2,720 $76K
Parallel Advisors, LLC 0.00% Reduce -14.6% 2,503 $70K
Signaturefd, LLC 0.00% Add +10.5% 2,427 $67K
Van Eck Associates Corp. 0.00% Add +25.9% 2,408 $67K
Nomura Asset Management Co. Ltd. 0.00% No change 1,800 $50K
Hantz Financial Services, Inc. 0.00% Add +247.9% 1,722 $48K
US Bancorp \de 0.00% Reduce -23.2% 1,724 $48K
Nisa Investment Advisors, LLC 0.00% Add +23.8% 1,480 $41K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% No change 1,469 $41K
Quent Capital, LLC 0.00% New 1,284 $36K
Arax Advisory Partners 0.00% Add +477.0% 1,229 $34K
Shell Asset Management Co. 0.00% Reduce -65.5% 1,118 $31K
Natixis 0.00% No change 800 $22K
Caitong International Asset Management Co., Ltd 0.01% Add +366.9% 719 $20K
Salomon & Ludwin, LLC 0.00% New 679 $19K
MassMutual Private Wealth & Trust, FSB 0.00% Add +14.7% 681 $19K
Summit Securities Group LLC 0.01% New 661 $18K
Covestor Ltd 0.01% Reduce -21.1% 660 $18K
Fifth Third Bancorp 0.00% Add +7.5% 572 $16K
Allworth Financial LP 0.00% Reduce -53.3% 517 $14K
Harbor Capital Advisors, Inc. 0.00% New 515 $14K
TD Waterhouse Canada Inc. 0.00% No change 499 $14K
UMB Bank, n.a. 0.00% Add +27.5% 426 $12K
Westside Investment Management, Inc. 0.00% No change 340 $9K
Mitsubishi UFJ Asset Management Co., Ltd. 0.00% No change 311 $9K
Root Financial Partners, LLC 0.00% New 294 $8K
Private Trust Co. NA 0.00% No change 272 $8K
Bare Financial Services, Inc 0.00% Add +37.6% 271 $8K
Rothschild Investment LLC 0.00% Add +174.7% 261 $7K
Hemington Wealth Management 0.00% Add +3.3% 252 $7K
Bessemer Group Inc. 0.00% Add +135.2% 247 $7K
MAI Capital Management 0.00% Reduce -0.4% 244 $7K
Farther Finance Advisors, LLC 0.00% Reduce -15.1% 242 $7K
Rockefeller Capital Management L.P. 0.00% New 240 $7K
Clearstead Trust, LLC 0.00% Reduce -38.0% 215 $6K
Steward Partners Investment Advisory, LLC 0.00% New 183 $5K
Larson Financial Group LLC 0.00% Reduce -16.9% 138 $4K
IFP Advisors, Inc 0.00% Add +0.0% 120 $3K
Fortitude Family Office, LLC 0.00% Add +35.3% 92 $3K
High Note Wealth, LLC 0.00% New 79 $2K
Picton Mahoney Asset Management 0.00% No change 57 $2K
Assetmark, Inc. 0.00% No change 71 $2K
Clearstead Advisors, LLC 0.00% New 61 $2K
Farmers & Merchants Investments Inc. 0.00% No change 60 $2K
Blue Trust, Inc. 0.00% No change 56 $2K
Kilter Group LLC 0.00% Add +85.7% 52 $1K
JFS Wealth Advisors, LLC 0.00% Reduce -5.8% 49 $1K
WPG Advisers, LLC 0.00% No change 47 $1K
Spire Wealth Management 0.00% No change 45 $1K
Physician Wealth Advisors, Inc. 0.00% New 41 $1K
Jones Financial Companies LLLP 0.00% No change 40 $1K
MV Capital Management, Inc. 0.00% No change 37 $1K
Caldwell Sutter Capital, Inc. 0.00% No change 36 $1K
Capital Advisors, Ltd. LLC 0.00% No change 24 $1K
Wealthspire Advisors, LLC 0.00% New 35 $973
True Wealth Design, LLC 0.00% Add +1650.0% 35 $968
Sachetta, LLC 0.00% No change 33 $918
Essential Partners LLC 0.00% New 30 $834
Parkside Financial Bank & Trust 0.00% Reduce -92.5% 27 $752
Advisory Services Network, LLC 0.00% New 27 $750
DiNuzzo Private Wealth, Inc. 0.00% Reduce -3.9% 25 $648
TFC Financial Management, Inc. 0.00% No change 22 $612
Bell Investment Advisors, Inc 0.00% No change 22 $612
Northwestern Mutual Wealth Management Co. 0.00% New 21 $584
SBI Securities Co., Ltd. 0.00% Reduce -8.7% 21 $584
Bear Mountain Capital, Inc. 0.00% New 20 $560
Rossby Financial, LCC 0.00% New 20 $556
Huntington National Bank 0.00% Reduce -99.5% 18 $500
Annis Gardner Whiting Capital Advisors, LLC 0.00% No change 13 $362
Principal Securities, Inc. 0.00% Reduce -98.3% 11 $306
SJS Investment Consulting Inc. 0.00% Reduce -35.3% 11 $306
HFM Investment Advisors, LLC 0.00% No change 10 $278
Rialto Wealth Management, LLC 0.00% Add +125.0% 9 $251
Global Retirement Partners, LLC 0.00% Reduce -88.9% 9 $250
Private Wealth Asset Management, LLC 0.00% No change 9 $250
Bay Harbor Wealth Management, LLC 0.00% Reduce -27.3% 8 $222
Optiver Holding B.V. 0.00% New 8 $222
Cloud Capital Management, LLC 0.00% New 18 $0

"% of holder's portfolio" is PREMIER INC-CLASS A's weight in each manager's 13F, not the share of Premier Inc. Class A the manager owns.