AxtAXTI
13F holders, Q2 2026 (June 30)At the end of Q2 2026, 257 institutions reported holding Axt Inc. (AXTI) in their 13F filings, up 64 from Q1 2026. 127 opened new positions and 66 sold out. The largest holders were BlackRock, Inc. ($365.6M), Marex Group Ltd ($256.9M) and Jane Street Group, LLC ($254.2M). 7 famous investors held it, including David E. Shaw (0.1% of D. E. Shaw & Co.'s portfolio), Ken Griffin (0.1% of Citadel Advisors's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).
- Company
- Axt Inc.
- CUSIP
- 00246W103
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q1 2026 → Q2 2026
| Institutions | Total Value | |
|---|---|---|
| New Positions | 127 | $611.9M |
| Exits | 66 | $600.3M |
All 13F filers, Q1 2026 → Q2 2026: 27,728,811 shares bought and 14,843,493 shares sold, net +12,885,318 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 257 holders
| BlackRock, Inc. | 0.01% | Add +353.1% | 5,072,242 | $365.6M |
| Marex Group Ltd | 1.91% | Add +44398.6% | 3,563,896 | $256.9M |
| Jane Street Group, LLC | 0.16% | Add +45.4% | 3,527,115 | $254.2M |
| Vanguard Capital Management LLC | 0.00% | Add +19.5% | 2,722,914 | $196.3M |
| D. E. Shaw & Co. | 0.11% | Add +189.9% | 2,250,085 | $162.2M |
| Vanguard Portfolio Management LLC | 0.01% | New | 1,758,421 | $126.7M |
| Geode Capital Management, LLC | 0.01% | Add +195.4% | 1,736,210 | $125.2M |
| State Street Corp. | 0.00% | Add +338.7% | 1,482,498 | $106.9M |
| Citadel Advisors | 0.06% | Add +160.0% | 1,481,332 | $106.8M |
| T. Rowe Price Associates Inc. | 0.01% | Add +45.1% | 1,320,508 | $95.2M |
| Clear Street Group Inc. | 0.30% | New | 1,308,921 | $94.3M |
| Invesco Ltd. | 0.01% | Add +15811.7% | 1,143,577 | $82.4M |
| Citigroup Inc. | 0.04% | Add +10.8% | 1,055,074 | $76.0M |
| Assenagon Asset Management S.A. | 0.10% | Reduce -32.0% | 1,022,988 | $73.7M |
| SG Americas Securities, LLC | 0.04% | Add +52700.4% | 1,002,151 | $72.2M |
| Millennium Management | 0.04% | Add +15.6% | 854,322 | $61.6M |
| Goldman Sachs Group Inc. | 0.01% | Reduce -12.2% | 819,556 | $59.1M |
| UBS Group AG | 0.01% | Reduce -40.4% | 654,117 | $47.1M |
| Bank of America Corp. | 0.00% | Reduce -17.7% | 639,037 | $46.1M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.06% | New | 615,377 | $44.4M |
| Morgan Stanley | 0.00% | Reduce -57.6% | 611,974 | $44.1M |
| Northern Trust Corp. | 0.00% | Add +335.7% | 548,403 | $39.5M |
| Fund Resources Investment Holding Group Co Ltd | 4.73% | New | 536,706 | $38.7M |
| Vanguard Fiduciary Trust Co. | 0.01% | Add +42.1% | 431,889 | $31.1M |
| Two Sigma Investments, LP | 0.02% | Add +511.0% | 397,732 | $28.7M |
| T. Rowe Price Investment Management, Inc. | 0.02% | New | 392,787 | $28.3M |
| Susquehanna International Group, LLP | 0.02% | Add +25.3% | 377,795 | $27.2M |
| Wellington Management Group LLP | 0.00% | New | 359,481 | $25.9M |
| BNP Paribas Financial Markets | 0.01% | Reduce -6.4% | 352,724 | $25.4M |
| Capital World Investors | 0.00% | New | 342,768 | $24.7M |
| Voloridge Investment Management, LLC | 0.10% | New | 333,897 | $24.1M |
| Funde Sino Life Insurance Co Ltd | 7.63% | — | 324,751 | $23.4M |
| Nomura Asset Management International Inc. | 0.03% | New | 315,754 | $22.8M |
| Squarepoint Ops LLC | 0.04% | Add +1347.0% | 312,999 | $22.6M |
| Canada Pension Plan Investment Board | 0.01% | Add +2343.4% | 202,800 | $14.6M |
| Alyeska Investment Group, L.P. | 0.04% | No change | 200,000 | $14.4M |
| Bank of New York Mellon Corp | 0.00% | Add +1581.3% | 195,558 | $14.1M |
| Dimensional Fund Advisors LP | 0.00% | No change | 187,684 | $13.5M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +588.1% | 186,730 | $13.5M |
| Group One Trading LLC | 0.35% | Add +355.3% | 168,015 | $12.1M |
| Nuveen, LLC | 0.00% | New | 158,416 | $11.4M |
| Neuberger Berman Group LLC | 0.01% | New | 145,819 | $10.5M |
| Deutsche Bank AG | 0.00% | Add +4885.7% | 142,740 | $10.3M |
| Tairen Capital Ltd | 0.89% | New | 140,000 | $10.1M |
| Walleye Trading LLC | 0.13% | Add +552.1% | 134,256 | $9.7M |
| Nomura Holdings Inc. | 0.04% | Add +1741.8% | 128,927 | $9.3M |
| Swiss National Bank | 0.00% | Add +11.4% | 115,800 | $8.3M |
| KADENSA CAPITAL Ltd | 1.77% | New | 115,053 | $8.3M |
| Balyasny Asset Management L.P. | 0.02% | New | 114,386 | $8.2M |
| Gotham Asset Management | 0.02% | Reduce -7.3% | 111,578 | $8.0M |
| Jain Global LLC | 0.10% | Add +155.1% | 106,658 | $7.7M |
| Lido Advisors, LLC | 0.03% | New | 104,994 | $7.6M |
| LPL Financial LLC | 0.00% | Add +11.6% | 100,576 | $7.2M |
| Marshall Wace, LLP | 0.01% | Reduce -16.7% | 100,330 | $7.2M |
| Artisan Partners Limited Partnership | 0.01% | New | 95,607 | $6.9M |
| Aristides Capital LLC | 1.67% | New | 90,107 | $6.5M |
| Trexquant Investment LP | 0.04% | New | 87,973 | $6.3M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Add +11.8% | 85,925 | $6.2M |
| Renaissance Technologies | 0.01% | New | 84,300 | $6.1M |
| FMR LLC | 0.00% | Add +7128.6% | 81,394 | $5.9M |
| Elequin Capital, LP | 1.01% | New | 81,004 | $5.8M |
| FORA Capital, LLC | 0.39% | New | 78,441 | $5.7M |
| Rhumbline Advisers | 0.00% | New | 77,847 | $5.6M |
| Wells Fargo & Company | 0.00% | Add +483.5% | 75,164 | $5.4M |
| Maytree Asset Management Ltd | 3.48% | Reduce -21.6% | 74,377 | $5.4M |
| California State Teachers Retirement System | 0.00% | Add +3.9% | 66,887 | $4.8M |
| Axiom Investors LLC | 0.04% | New | 66,232 | $4.8M |
| JPMorgan Chase & Co. | 0.00% | Reduce -54.5% | 62,293 | $4.6M |
| Royal Bank of Canada | 0.00% | Add +279.1% | 57,740 | $4.2M |
| Alliancebernstein L.P. | 0.00% | New | 72,576 | $4.1M |
| DNB Asset Management AS | 0.01% | New | 53,196 | $3.8M |
| Jupiter Topco LLC | 0.00% | — | 52,795 | $3.8M |
| Polen Capital Management LLC | 0.03% | Add +6.8% | 52,707 | $3.8M |
| New York State Common Retirement Fund | 0.00% | New | 51,043 | $3.7M |
| Scalar Gauge Management, LLC | 1.99% | New | 50,000 | $3.6M |
| E Fund Management Co., Ltd. | 0.07% | Reduce -96.3% | 46,171 | $3.3M |
| Neo Ivy Capital Management | 0.76% | Add +375.7% | 45,499 | $3.3M |
| White Pine Capital LLC | 0.77% | Reduce -60.2% | 45,288 | $3.3M |
| Informed Momentum Co LLC | 0.28% | Reduce -72.4% | 42,817 | $3.1M |
| VANGUARD ASSET MANAGEMENT, Ltd | 0.00% | Add +17.8% | 40,500 | $2.9M |
| Jefferies Financial Group Inc. | 0.03% | Reduce -25.7% | 39,355 | $2.8M |
| Legal & General Group Plc | 0.00% | Add +6.6% | 38,389 | $2.8M |
| Tudor Investment Corporation | 0.01% | New | 37,990 | $2.7M |
| Raymond James Financial Inc. | 0.00% | Reduce -29.8% | 36,836 | $2.7M |
| Capstone Capital Management Ltd | 1.18% | New | 36,591 | $2.6M |
| Jump Financial, LLC | 0.03% | Add +180.5% | 36,516 | $2.6M |
| MetLife Investment Management, LLC | 0.01% | New | 36,358 | $2.6M |
| Creative Planning | 0.00% | Reduce -11.0% | 35,980 | $2.6M |
| Flow Traders U.S. LLC | 0.11% | New | 35,676 | $2.6M |
| Algert Global LLC | 0.03% | Add +4.8% | 33,770 | $2.4M |
| Y-Intercept (Hong Kong) Ltd | 0.05% | New | 33,005 | $2.4M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | New | 32,703 | $2.4M |
| Man Group plc | 0.00% | New | 31,552 | $2.3M |
| Sei Investments Co. | 0.00% | Reduce -57.5% | 31,133 | $2.2M |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -2.1% | 31,019 | $2.2M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | New | 28,645 | $2.1M |
| State of Wisconsin Investment Board | 0.00% | Add +428.0% | 27,021 | $1.9M |
| Orion Porfolio Solutions, LLC | 0.01% | New | 26,948 | $1.9M |
| Panagora Asset Management Inc. | 0.01% | New | 26,829 | $1.9M |
| Verition Fund Management LLC | 0.01% | Reduce -29.3% | 26,178 | $1.9M |
| MML Investors Services, LLC | 0.00% | Reduce -3.3% | 25,012 | $1.8M |
| Atlas Brown,Inc. | 0.48% | Reduce -21.0% | 25,000 | $1.8M |
| Baader Bank Aktiengesellschaft | 0.15% | New | 25,000 | $1.8M |
| Virtu Financial LLC | 0.06% | New | 24,557 | $1.8M |
| Allianz Asset Management GmbH | 0.00% | New | 23,378 | $1.7M |
| Vanguard Global Advisers, LLC | 0.00% | Add +15.4% | 22,744 | $1.6M |
| Shariaportfolio, Inc. | 0.57% | Add +29.2% | 22,321 | $1.6M |
| Manufacturers Life Insurance Company, The | 0.00% | Add +266.8% | 21,456 | $1.5M |
| Bridgeway Capital Management, LLC | 0.03% | Reduce -19.9% | 21,000 | $1.5M |
| Los Angeles Capital Management LLC | 0.01% | New | 19,737 | $1.4M |
| Handelsbanken Fonder AB | 0.00% | New | 19,300 | $1.4M |
| State of New Jersey Common Pension Fund D | 0.00% | New | 18,665 | $1.3M |
| Police & Firemen's Retirement System of New Jersey | 0.01% | New | 18,425 | $1.3M |
| Stifel Financial Corp. | 0.00% | Add +29.7% | 18,162 | $1.3M |
| Barclays PLC | 0.00% | Reduce -93.0% | 17,601 | $1.3M |
| Arosa Capital Management LP | 1.11% | Reduce -79.4% | 17,500 | $1.3M |
| Florida Financial Advisors, LLC | 0.21% | New | 17,224 | $1.2M |
| Guggenheim Capital LLC | 0.01% | New | 17,057 | $1.2M |
| Ardsley Advisory Partners LP | 0.13% | New | 17,000 | $1.2M |
| Arizona State Retirement System | 0.01% | Add +10.4% | 15,928 | $1.1M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Add +16.1% | 15,878 | $1.1M |
| Allspring Global Investments Holdings, LLC | 0.00% | New | 15,591 | $1.1M |
| Exchange Traded Concepts, LLC | 0.01% | Reduce -15.2% | 15,358 | $1.1M |
| Old Mission Capital LLC | 0.03% | New | 15,348 | $1.1M |
| Intech Investment Management LLC | 0.01% | New | 15,277 | $1.1M |
| Vanguard Investments Australia, Ltd. | 0.00% | Add +13.2% | 14,642 | $1.1M |
| Polymer Capital Management (HK) LTD | 0.11% | Reduce -87.5% | 14,491 | $1.0M |
| Dupree Financial Group, LLC | 0.38% | Add +1.2% | 13,949 | $1.0M |
| GTS Securities LLC | 0.02% | New | 13,742 | $991K |
| KLP Kapitalforvaltning As | 0.00% | Add +12.9% | 13,100 | $944K |
| Gsa Capital Partners LLP | 0.06% | Reduce -46.3% | 12,953 | $934K |
| Optiver Holding B.V. | 0.01% | New | 12,303 | $887K |
| STRS Ohio | 0.00% | New | 12,300 | $887K |
| TD Asset Management Inc | 0.00% | New | 12,292 | $886K |
| State Board of Administration of Florida Retirement System | 0.00% | New | 12,281 | $885K |
| Voya Investment Management LLC | 0.00% | New | 11,897 | $858K |
| Prudential Financial Inc. | 0.00% | New | 10,240 | $738K |
| Princeton Capital Management LLC | 0.15% | Reduce -0.8% | 9,310 | $671K |
| Park Edge Advisors, LLC | 0.14% | Reduce -37.7% | 9,162 | $660K |
| Pictet Asset Management Holding SA | 0.00% | Add +5.2% | 8,932 | $644K |
| XTX Topco Ltd | 0.01% | Reduce -64.8% | 8,721 | $629K |
| Polymer Capital Management (US) LLC | 0.09% | New | 8,380 | $604K |
| ProShare Advisors LLC | 0.00% | New | 8,179 | $590K |
| Janney Montgomery Scott LLC | 0.00% | New | 8,056 | $581K |
| Cetera Investment Advisers | 0.00% | Add +38.3% | 8,040 | $580K |
| Capital Investment Advisors, LLC | 0.01% | Add +11.5% | 8,029 | $579K |
| Integrated Quantitative Investments LLC | 0.09% | New | 8,000 | $577K |
| SIH Partners, LLLP | 0.02% | New | 7,995 | $576K |
| Vanguard Personalized Indexing Management, LLC | 0.00% | Reduce -43.1% | 7,654 | $552K |
| Magnetar Financial LLC | 0.01% | New | 7,470 | $538K |
| Himension Capital (singapore) Pte. LTD. | 0.03% | New | 7,364 | $531K |
| Victory Capital Management Inc. | 0.00% | Add +23.4% | 7,225 | $521K |
| AQR Capital Management | 0.00% | New | 7,023 | $506K |
| Osaic Holdings, Inc. | 0.00% | Add +48.9% | 6,794 | $490K |
| Kestra Advisory Services, LLC | 0.00% | Add +1.3% | 6,492 | $468K |
| Franklin Resources Inc. | 0.00% | Add +57.3% | 6,373 | $459K |
| Tower Research Capital LLC (TRC) | 0.01% | Reduce -20.0% | 6,316 | $455K |
| Dark Forest Capital Management LP | 0.03% | Add +13.6% | 6,145 | $443K |
| Xponance LLC | 0.00% | New | 6,071 | $438K |
| Caxton Associates LLP | 0.01% | New | 6,000 | $432K |
| Twin Tree Management, LP | 0.07% | New | 5,870 | $423K |
| Public Employees Retirement Association of Colorado | 0.00% | New | 5,749 | $414K |
| Ameritas Investment Partners, Inc. | 0.01% | New | 5,670 | $409K |
| Federation des caisses Desjardins du Quebec | 0.00% | Add +2.1% | 5,360 | $386K |
| Capital Investment Advisory Services, LLC | 0.02% | New | 5,260 | $379K |
| Quantinno Capital Management LP | 0.00% | Add +0.9% | 5,239 | $378K |
| Cynosure Group, LLC | 0.06% | New | 5,239 | $378K |
| Bridgefront Capital, LLC | 0.10% | New | 5,216 | $376K |
| Bosman Wealth Management, LLC | 0.23% | New | 5,189 | $374K |
| Inceptionr LLC | 0.09% | New | 5,184 | $374K |
| Vident Advisory, LLC | 0.00% | New | 5,145 | $371K |
| Russell Investments Group, Ltd. | 0.00% | New | 5,040 | $363K |
| Oasis Management Co Ltd. | 0.04% | Reduce -50.0% | 5,000 | $360K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Add +18.4% | 4,917 | $354K |
| Act Capital Management, LLC | 0.23% | New | 4,900 | $353K |
| Teza Capital Management LLC | 0.68% | New | 4,877 | $352K |
| Principal Financial Group Inc. | 0.00% | New | 4,776 | $344K |
| Beacon Pointe Advisors, LLC | 0.00% | New | 4,522 | $326K |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.00% | New | 4,500 | $324K |
| Mercer Global Advisors Inc. | 0.00% | New | 4,429 | $319K |
| Belpointe Asset Management LLC | 0.01% | New | 4,321 | $311K |
| Walleye Capital LLC | 0.00% | New | 4,297 | $310K |
| Arcadia Wealth Management, LLC | 0.10% | New | 4,202 | $303K |
| Simplex Trading, LLC | 0.01% | Reduce -97.7% | 4,078 | $294K |
| Sava Infond d.o.o. | 0.02% | Reduce -33.3% | 4,000 | $288K |
| Vise Technologies, Inc. | 0.00% | New | 3,982 | $287K |
| Bank of Montreal | 0.00% | Reduce -2.3% | 3,963 | $286K |
| Fulcrum Asset Management LLP | 0.03% | New | 3,958 | $283K |
| Wealthfront Advisers LLC | 0.00% | New | 3,881 | $280K |
| Mitsubishi UFJ Trust & Banking Corp | 0.00% | New | 3,816 | $275K |
| SBI Securities Co., Ltd. | 0.01% | Add +58.8% | 3,535 | $255K |
| Jones Financial Companies LLLP | 0.00% | Add +13.0% | 3,554 | $249K |
| CIBC Bancorp USA Inc. | 0.00% | New | 3,449 | $249K |
| Rakuten Securities, Inc. | 0.06% | New | 3,402 | $245K |
| Swiss Life Asset Management Ltd | 0.00% | Reduce -86.8% | 3,356 | $242K |
| R Squared Ltd | 0.13% | New | 3,350 | $241K |
| Silverleafe Capital Partners, LLC | 0.06% | Reduce -9.1% | 3,250 | $234K |
| NewEdge Advisors, LLC | 0.00% | Add +79.0% | 3,158 | $228K |
| Ensign Peak Advisors, Inc | 0.00% | New | 3,050 | $220K |
| Purpose Unlimited Inc. | 0.01% | No change | 3,000 | $216K |
| Two Sigma Securities, LLC | 0.02% | New | 2,936 | $212K |
| VestGen Advisors, LLC | 0.01% | Add +76.6% | 2,888 | $208K |
| Amundi | 0.00% | New | 2,776 | $200K |
| Havemeyer Place LP | 0.02% | Add +176.7% | 2,678 | $193K |
| Nykredit A/S | 0.00% | — | 2,109 | $152K |
| Leonteq Securities AG | 0.01% | Add +100.0% | 2,000 | $144K |
| Cassaday & Co Wealth Management LLC | 0.00% | Reduce -26.3% | 1,960 | $141K |
| Timothy G. Youngquist 2020 Irrevocable Trust | 0.03% | New | 1,812 | $131K |
| KBC Group NV | 0.00% | No change | 1,551 | $112K |
| Intesa Sanpaolo S.p.A. | 0.00% | New | 1,500 | $108K |
| Tema ETFs LLC | 0.00% | New | 1,454 | $105K |
| Nisa Investment Advisors, LLC | 0.00% | New | 1,223 | $88K |
| Lanark Financial, Inc. | 0.01% | New | 1,219 | $88K |
| Farther Finance Advisors, LLC | 0.00% | Reduce -50.4% | 1,131 | $82K |
| Founders Capital Management | 0.03% | Reduce -42.1% | 1,100 | $79K |
| Credit Industriel Et Commercial | 0.01% | New | 1,017 | $73K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | New | 895 | $65K |
| Global Retirement Partners, LLC | 0.00% | — | 766 | $55K |
| Aventura Private Wealth, LLC | 0.02% | No change | 700 | $50K |
| Pinnacle Wealth Planning Services, Inc. | 0.00% | New | 522 | $38K |
| Kemnay Advisory Services Inc. | 0.00% | New | 500 | $36K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +185.2% | 288 | $21K |
| PNC Financial Services Group, Inc. | 0.00% | New | 279 | $20K |
| Sterling Capital Management LLC | 0.00% | New | 219 | $16K |
| Signaturefd, LLC | 0.00% | Reduce -14.2% | 176 | $13K |
| Allworth Financial LP | 0.00% | Reduce -94.8% | 151 | $11K |
| Hilton Head Capital Partners, LLC | 0.01% | New | 150 | $11K |
| Harbour Investments, Inc. | 0.00% | Add +28.6% | 135 | $10K |
| Macquarie Group Ltd. | 0.00% | New | 120 | $9K |
| Accent Capital Management, LLC | 0.00% | Reduce -42.3% | 112 | $8K |
| Caldwell Sutter Capital, Inc. | 0.00% | No change | 100 | $7K |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 0.00% | New | 100 | $7K |
| Creative Financial Designs Inc. | 0.00% | New | 100 | $7K |
| Carolina Wealth Advisors, LLC | 0.00% | New | 81 | $6K |
| Arax Advisory Partners | 0.00% | Reduce -73.8% | 58 | $4K |
| Silicon Valley Capital Partners | 0.00% | No change | 57 | $4K |
| Axiom Investment Management LLC | 0.00% | New | 50 | $4K |
| Fifth Third Bancorp | 0.00% | New | 41 | $3K |
| US Bancorp \de | 0.00% | Reduce -73.2% | 41 | $3K |
| WPG Advisers, LLC | 0.00% | New | 40 | $3K |
| Benson Wealth Management INC | 0.00% | New | 34 | $2K |
| SJS Investment Consulting Inc. | 0.00% | New | 33 | $2K |
| GAMMA Investing LLC | 0.00% | New | 32 | $2K |
| Strategic Wealth Partners, Ltd. | 0.00% | New | 30 | $2K |
| Quarry LP | 0.00% | New | 26 | $2K |
| Rothschild Investment LLC | 0.00% | New | 21 | $2K |
| Bare Financial Services, Inc | 0.00% | Add +50.0% | 12 | $865 |
| Rialto Wealth Management, LLC | 0.00% | New | 11 | $793 |
| Parallel Advisors, LLC | 0.00% | New | 11 | $793 |
| Berkshire Capital Holdings Inc. | 0.00% | New | 10 | $721 |
| VSM Wealth Advisory, LLC | 0.00% | Reduce -37.5% | 10 | $721 |
| Hollencrest Capital Management | 0.00% | Reduce -33.3% | 10 | $721 |
| Huntington National Bank | 0.00% | Add +800.0% | 9 | $649 |
| Bell Investment Advisors, Inc | 0.00% | New | 4 | $289 |
| Essential Partners LLC | 0.00% | New | 4 | $288 |
| Clearstead Advisors, LLC | 0.00% | New | 1 | $73 |
| Pinpoint Asset Management (Singapore) Pte. Ltd. | 0.00% | Reduce -100.0% | 1 | $72 |
"% of holder's portfolio" is AXTI's weight in each manager's 13F, not the share of Axt Inc. the manager owns.