British American Tob-SP ADRBTI
13F holders, Q3 2025 (September 30)771holders +53
120new positions
62sold out
9famous investors
$53.07avg. 13F price*
At the end of Q3 2025, 771 institutions reported holding British American Tob-SP ADR (BTI) in their 13F filings, up 53 from Q2 2025. 120 opened new positions and 62 sold out. The largest holders were Capital International Investors ($3.4B), GQG Partners LLC ($1.5B) and Capital Research Global Investors ($1.2B). 9 famous investors held it, including Ray Dalio (0.8% of Bridgewater Associates's portfolio), Jeremy Grantham (0.3% of GMO's portfolio) and Steve Cohen (0.2% of Point72 Asset Management's portfolio).
- Company
- British American Tob-SP ADR
- CUSIP
- 110448107
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 120 | $341.8M |
| Exits | 62 | $105.0M |
All 13F filers, Q2 2025 → Q3 2025: 40,962,299 shares bought and 25,378,299 shares sold, net +15,584,000 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 771 holders
| Capital International Investors | 0.55% | Add +3.0% | 64,057,419 | $3.4B |
| GQG Partners LLC | 2.33% | Add +20.6% | 28,554,869 | $1.5B |
| Capital Research Global Investors | 0.22% | Add +2.6% | 22,068,891 | $1.2B |
| FMR LLC | 0.06% | Add +66.6% | 20,420,042 | $1.1B |
| BlackRock, Inc. | 0.01% | Reduce -8.2% | 10,893,568 | $578.2M |
| Orbis Allan Gray Ltd | 2.17% | Reduce -34.4% | 9,521,130 | $505.4M |
| Capital World Investors | 0.07% | Add +12870.7% | 9,470,709 | $502.7M |
| Bank of America Corp. | 0.03% | Add +29.5% | 6,934,792 | $368.1M |
| Morgan Stanley | 0.02% | Add +0.4% | 5,264,461 | $279.4M |
| Mondrian Investment Partners LTD | 3.71% | — | 4,185,605 | $222.2M |
| Federated Hermes, Inc. | 0.35% | Add +8.7% | 3,779,137 | $200.6M |
| Bridgewater Associates | 0.78% | Add +9.8% | 3,742,720 | $198.7M |
| Wells Fargo & Company | 0.04% | Add +8.5% | 3,591,337 | $190.6M |
| Goldman Sachs Group Inc. | 0.03% | Reduce -11.8% | 3,334,054 | $177.0M |
| Natixis Advisors, LLC | 0.24% | Add +2.5% | 3,101,802 | $164.6M |
| Envestnet Asset Management Inc. | 0.05% | Add +8.3% | 3,023,917 | $160.5M |
| Raymond James Financial Inc. | 0.05% | Add +3.5% | 2,852,780 | $151.4M |
| JPMorgan Chase & Co. | 0.01% | Reduce -0.9% | 2,724,117 | $144.6M |
| Newport Trust Company, LLC | 0.31% | Reduce -5.0% | 2,602,153 | $138.1M |
| Northern Trust Corp. | 0.02% | Reduce -0.1% | 2,521,655 | $133.8M |
| Two Sigma Investments, LP | 0.20% | Reduce -40.2% | 2,383,945 | $126.5M |
| Empyrean Capital Partners, LP | 5.23% | Add +131.6% | 2,200,000 | $116.8M |
| Royal Bank of Canada | 0.02% | Reduce -10.1% | 2,052,633 | $109.0M |
| Arrowstreet Capital, Limited Partnership | 0.07% | Reduce -39.1% | 2,035,559 | $108.0M |
| LPL Financial LLC | 0.03% | Add +10.8% | 1,982,657 | $105.2M |
| Qube Research & Technologies Ltd | 0.13% | Add +197.9% | 1,714,530 | $91.0M |
| GMO | 0.25% | Reduce -32.2% | 1,683,925 | $89.4M |
| Millennium Management | 0.07% | Add +104.2% | 1,543,590 | $81.9M |
| Point72 Asset Management | 0.17% | New | 1,419,600 | $75.4M |
| Citadel Advisors | 0.06% | Reduce -2.6% | 1,368,633 | $72.6M |
| Cullen Capital Management, LLC | 0.78% | Reduce -4.8% | 1,334,800 | $70.9M |
| First Eagle Investment Management, LLC | 0.12% | Add +14.2% | 1,284,550 | $68.2M |
| Madison Avenue Partners, LP | 3.88% | New | 1,223,767 | $65.0M |
| Maple Rock Capital Partners Inc. | 2.51% | Reduce -13.1% | 1,169,800 | $62.1M |
| Capital International, Inc. | 0.48% | Add +69.1% | 1,136,066 | $60.3M |
| Two Sigma Advisers, LP | 0.11% | Reduce -73.6% | 1,023,400 | $54.3M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.01% | New | 901,511 | $47.9M |
| First Trust Advisors LP | 0.03% | Reduce -7.2% | 852,764 | $45.3M |
| Todd Asset Management LLC | 0.86% | Reduce -5.4% | 803,432 | $42.6M |
| Dimensional Fund Advisors LP | 0.01% | Add +0.2% | 782,960 | $41.6M |
| Abc Arbitrage SA | 4.03% | Reduce -10.6% | 771,023 | $40.9M |
| Balyasny Asset Management L.P. | 0.08% | Add +453.5% | 756,536 | $40.2M |
| State Street Corp. | 0.00% | Reduce -1.8% | 747,241 | $39.7M |
| Euro Pacific Asset Management, LLC | 4.04% | Reduce -0.6% | 660,483 | $33.5M |
| Capital Fund Management S.A. | 0.33% | Reduce -5.6% | 623,287 | $33.1M |
| Osaic Holdings, Inc. | 0.05% | Add +9.8% | 586,370 | $32.6M |
| Callodine Capital Management, LP | 2.85% | Add +15.2% | 607,800 | $32.3M |
| Stifel Financial Corp. | 0.03% | Add +6.0% | 598,154 | $31.8M |
| Teachers Retirement System of the State of Kentucky | 0.24% | Reduce -6.6% | 589,730 | $31.3M |
| Invesco Ltd. | 0.00% | Reduce -22.9% | 588,717 | $31.2M |
| Investment Management Associates Inc. | 9.06% | Reduce -2.1% | 573,592 | $30.4M |
| Susquehanna International Group, LLP | 0.04% | Reduce -37.2% | 573,248 | $30.4M |
| McGowan Group Asset Management, Inc. | 3.70% | Reduce -0.4% | 556,867 | $29.6M |
| Assetmark, Inc. | 0.06% | Add +0.4% | 534,746 | $28.4M |
| O'shaughnessy Asset Management, LLC | 0.16% | Add +0.0% | 514,456 | $27.3M |
| Causeway Capital Management LLC | 0.32% | Reduce -13.6% | 458,703 | $24.3M |
| Truist Financial Corp. | 0.03% | Add +6.0% | 427,284 | $22.7M |
| Lockheed Martin Investment Management Co. | 0.82% | Add +44.3% | 421,800 | $22.4M |
| GW Henssler & Associates Ltd. | 1.05% | Reduce -0.0% | 395,859 | $21.0M |
| Massachusetts Financial Services Co. | 0.01% | Add +121.4% | 393,892 | $20.9M |
| Citigroup Inc. | 0.01% | Reduce -81.9% | 383,903 | $20.4M |
| Cubist Systematic Strategies, LLC | 0.27% | New | 362,970 | $19.3M |
| Cetera Investment Advisers | 0.02% | Add +23.2% | 357,295 | $19.0M |
| Crawford Investment Counsel Inc. | 0.31% | New | 353,580 | $18.8M |
| Adams Asset Advisors, LLC | 2.42% | No change | 346,549 | $18.4M |
| Marshall Wace, LLP | 0.02% | New | 339,725 | $18.0M |
| BNP Paribas Financial Markets | 0.01% | Reduce -43.7% | 335,858 | $17.8M |
| Cibc World Market Inc. | 0.04% | Reduce -4.7% | 327,256 | $17.4M |
| Renaissance Technologies | 0.02% | Reduce -69.4% | 327,099 | $17.4M |
| Epacria Capital Partners, LLC | 13.64% | No change | 315,531 | $16.7M |
| Bank of New York Mellon Corp | 0.00% | Add +69.9% | 313,939 | $16.7M |
| UBS Group AG | 0.00% | Reduce -13.4% | 313,739 | $16.7M |
| First Sabrepoint Capital Management LP | 6.64% | Reduce -11.4% | 310,000 | $16.5M |
| Quantinno Capital Management LP | 0.04% | Add +20.0% | 309,391 | $16.4M |
| Bank of Montreal | 0.01% | Reduce -39.9% | 308,607 | $16.4M |
| Commonwealth Equity Services, LLC | 0.02% | Reduce -1.5% | 305,129 | $16.2M |
| Dupree Financial Group, LLC | 5.99% | Reduce -7.8% | 290,491 | $15.4M |
| SBI Securities Co., Ltd. | 0.39% | Reduce -7.3% | 285,332 | $15.1M |
| U.S. Capital Wealth Advisors, LLC | 0.41% | Reduce -3.1% | 284,939 | $15.1M |
| Modern Wealth Management, LLC | 0.29% | New | 278,285 | $14.8M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +20.9% | 261,235 | $13.9M |
| Savoir Faire Capital Management, L.P. | 4.74% | Add +19.4% | 248,682 | $13.2M |
| Barclays PLC | 0.00% | Reduce -8.1% | 247,768 | $13.2M |
| Sei Investments Co. | 0.01% | Add +3.8% | 243,417 | $12.9M |
| Creative Planning | 0.01% | Add +12.2% | 232,149 | $12.3M |
| MML Investors Services, LLC | 0.03% | Add +5.4% | 225,247 | $12.0M |
| Auxier Asset Management LLC | 1.66% | Reduce -0.2% | 223,538 | $11.9M |
| Russell Investments Group, Ltd. | 0.01% | Add +2.5% | 221,951 | $11.8M |
| Tower Research Capital LLC (TRC) | 0.32% | Reduce -10.8% | 221,403 | $11.8M |
| Prescott General Partners LLC | 0.82% | No change | 220,100 | $11.7M |
| Oppenheimer Asset Management Inc. | 0.13% | Reduce -10.1% | 218,750 | $11.6M |
| Jane Street Group, LLC | 0.01% | Reduce -68.2% | 216,939 | $11.5M |
| Gateway Investment Advisers LLC | 0.11% | No change | 213,577 | $11.3M |
| Wellington Management Group LLP | 0.00% | Add +74.7% | 207,049 | $11.0M |
| Ameriprise Financial Inc. | 0.00% | Reduce -51.0% | 203,291 | $10.8M |
| HighTower Advisors, LLC | 0.01% | Add +6.6% | 197,437 | $10.5M |
| Viking Fund Management LLC | 1.21% | Add +19.4% | 188,000 | $10.0M |
| Walleye Trading LLC | 0.16% | Add +6.6% | 185,140 | $9.8M |
| Manning & Napier Advisors LLC | 0.12% | Reduce -5.5% | 178,788 | $9.5M |
| Capital Wealth Planning, LLC | 0.07% | New | 175,224 | $9.3M |
| Zions Bancorporation, National Association | 0.45% | Reduce -0.4% | 172,684 | $9.2M |
| Keystone Financial Planning, Inc. | 2.64% | Reduce -0.3% | 171,055 | $9.1M |
| AQR Capital Management | 0.01% | Add +111.7% | 170,211 | $9.0M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.03% | New | 168,480 | $8.9M |
| Pathstone Holdings, LLC | 0.03% | Reduce -6.4% | 165,018 | $8.8M |
| Kize Capital LP | 9.99% | Reduce -15.4% | 165,000 | $8.8M |
| Mariner, LLC | 0.01% | Add +4.5% | 160,802 | $8.5M |
| Altrius Capital Management Inc | 1.94% | Reduce -18.7% | 160,479 | $8.5M |
| Philip James Wealth Mangement, LLC | 1.03% | Reduce -3.5% | 160,203 | $8.5M |
| QRG Capital Management, Inc. | 0.10% | Reduce -34.3% | 157,957 | $8.4M |
| Kennon-Green & Company, LLC | 6.38% | Reduce -0.2% | 154,732 | $8.2M |
| TrueMark Investments, LLC | 1.42% | Reduce -49.4% | 154,191 | $8.2M |
| Ritholtz Wealth Management | 0.16% | Reduce -6.3% | 153,742 | $8.2M |
| Moran Wealth Management, LLC | 0.24% | Reduce -2.0% | 153,085 | $8.1M |
| Inlet Private Wealth, LLC | 1.76% | No change | 147,128 | $7.8M |
| Orion Porfolio Solutions, LLC | 0.06% | Add +53.2% | 141,815 | $7.5M |
| Cambridge Investment Research Advisors, Inc. | 0.02% | Add +11.2% | 133,043 | $7.1M |
| Logan Capital Management Inc. | 0.29% | Reduce -1.8% | 129,603 | $6.9M |
| Verition Fund Management LLC | 0.04% | Reduce -74.5% | 125,000 | $6.6M |
| Mercer Global Advisors Inc. | 0.01% | Reduce -8.7% | 124,389 | $6.6M |
| Sanctuary Advisors, LLC | 0.04% | Add +3.5% | 121,246 | $6.4M |
| Poehling Capital Management, INC. | 1.34% | Reduce -1.3% | 120,554 | $6.4M |
| TD Private Client Wealth LLC | 0.14% | Add +12.9% | 119,432 | $6.3M |
| DAVENPORT & Co LLC | 0.03% | Add +12.5% | 119,156 | $6.3M |
| CenterBook Partners LP | 0.31% | Add +9.9% | 118,697 | $6.3M |
| Butensky & Cohen Financial Security, Inc. | 1.75% | Reduce -1.4% | 118,610 | $6.3M |
| Janney Montgomery Scott LLC | 0.01% | Add +1.5% | 110,234 | $5.9M |
| Jones Financial Companies LLLP | 0.00% | Reduce -10.9% | 107,497 | $5.7M |
| China Universal Asset Management Co., Ltd. | 0.47% | Add +81.1% | 106,958 | $5.7M |
| PNC Financial Services Group, Inc. | 0.00% | Add +13.8% | 105,475 | $5.6M |
| Boston Partners | 0.01% | Add +83.1% | 101,019 | $5.4M |
| Stansberry Asset Management, LLC | 0.56% | New | 100,295 | $5.3M |
| Atria Investments, Inc | 0.06% | Add +19.0% | 99,735 | $5.3M |
| Wealth Enhancement Advisory Services, LLC | 0.01% | Reduce -6.8% | 98,932 | $5.1M |
| Meritage Portfolio Management | 0.34% | Reduce -1.9% | 96,044 | $5.1M |
| &partners | 0.03% | Add +37.3% | 94,471 | $5.0M |
| Arlington Partners LLC | 1.71% | Reduce -6.0% | 93,479 | $5.0M |
| Y-Intercept (Hong Kong) Ltd | 0.12% | Add +9.4% | 92,253 | $4.9M |
| Stephens Inc. | 0.06% | Add +0.8% | 88,753 | $4.7M |
| US Bancorp \de | 0.01% | Reduce -15.1% | 87,824 | $4.7M |
| Employees Retirement System of Texas | 0.04% | Reduce -19.2% | 86,443 | $4.6M |
| Daiwa Securities Group Inc. | 0.02% | Add +34.6% | 84,916 | $4.5M |
| Optiver Holding B.V. | 0.07% | Reduce -90.6% | 83,275 | $4.4M |
| Timelo Investment Management Inc. | 7.22% | New | 82,000 | $4.4M |
| Pekin Hardy Strauss, Inc. | 0.43% | Reduce -2.4% | 80,973 | $4.3M |
| Brevan Howard Capital Management LP | 0.06% | New | 77,910 | $4.1M |
| Vanguard Personalized Indexing Management, LLC | 0.04% | Add +13.8% | 77,448 | $4.1M |
| CWA Asset Management Group, LLC | 0.15% | Add +12.6% | 77,125 | $4.1M |
| Moors & Cabot, Inc. | 0.18% | Reduce -5.0% | 76,503 | $4.1M |
| Federation des caisses Desjardins du Quebec | 0.02% | Reduce -10.6% | 76,232 | $4.0M |
| National Bank of Canada | 0.00% | Reduce -1.5% | 76,030 | $4.0M |
| Kathmere Capital Management, LLC | 0.28% | Add +1.1% | 73,473 | $3.9M |
| Fisher Asset Management | 0.00% | Add +0.7% | 72,747 | $3.9M |
| Envestnet Portfolio Solutions, Inc. | 0.01% | Add +3.7% | 71,643 | $3.8M |
| Benjamin Edwards Inc. | 0.04% | Add +26.3% | 69,031 | $3.7M |
| Vestmark Advisory Solutions, Inc. | 0.07% | Reduce -20.2% | 67,415 | $3.6M |
| CIBC Asset Management Inc | 0.01% | Reduce -2.2% | 67,162 | $3.6M |
| Manske Wealth Management | 1.09% | Reduce -17.1% | 66,817 | $3.5M |
| Bard Financial Services, Inc. | 0.39% | Reduce -36.8% | 66,357 | $3.5M |
| Country Club Bank | 0.21% | Add +3.7% | 66,173 | $3.5M |
| K2 Principal Fund, L.P. | 1.24% | Add +71.1% | 65,356 | $3.5M |
| Cerity Partners LLC | 0.01% | Add +4.1% | 65,299 | $3.5M |
| Capricorn Fund Managers Ltd | 1.16% | Reduce -51.9% | 65,000 | $3.5M |
| Factory Mutual Insurance Co. | 0.03% | New | 64,145 | $3.4M |
| Cloverfields Capital Group, LP | 1.06% | Reduce -9.3% | 63,713 | $3.4M |
| Neuberger Berman Group LLC | 0.00% | Reduce -1.2% | 60,299 | $3.2M |
| Quadrant Capital Group LLC | 0.10% | Add +2.9% | 60,126 | $3.2M |
| Kassira Wealth Management LLC | 3.07% | — | 60,077 | $3.2M |
| MYDA Advisors LLC | 0.96% | Reduce -47.8% | 60,000 | $3.2M |
| Ar Asset Management Inc. | 0.68% | No change | 59,864 | $3.2M |
| Meridian Investment Counsel Inc. | 0.78% | No change | 59,537 | $3.2M |
| NewEdge Wealth, LLC | 0.05% | Add +3.1% | 58,509 | $3.2M |
| NewEdge Advisors, LLC | 0.01% | Add +5.9% | 59,173 | $3.1M |
| XTX Topco Ltd | 0.16% | Reduce -54.4% | 58,874 | $3.1M |
| M&T Bank Corp | 0.01% | Add +7.9% | 58,817 | $3.1M |
| Wolverine Trading, LLC | 0.06% | New | 58,188 | $3.1M |
| Park Avenue Securities LLC | 0.02% | Add +1.4% | 57,337 | $3.0M |
| Orca Wealth Management, LLC | 2.30% | Add +1.8% | 57,320 | $3.0M |
| Kestra Advisory Services, LLC | 0.01% | Reduce -5.4% | 57,161 | $3.0M |
| First Bank & Trust | 0.51% | Add +25.6% | 56,999 | $3.0M |
| Uncommon Cents Investing LLC | 0.75% | Reduce -0.5% | 56,465 | $3.0M |
| Ieq Capital, LLC | 0.01% | Add +60.6% | 56,140 | $3.0M |
| 683 Capital Management, LLC | 0.28% | Reduce -44.0% | 56,000 | $3.0M |
| DRW Securities, LLC | 0.15% | Reduce -14.8% | 56,581 | $3.0M |
| New York State Common Retirement Fund | 0.00% | Reduce -28.9% | 55,993 | $3.0M |
| Galilei Investment Office LLP | 1.41% | Add +1.4% | 55,148 | $2.9M |
| Equitable Holdings, Inc. | 0.02% | Reduce -20.0% | 54,912 | $2.9M |
| English Capital Management LLC | 1.89% | Reduce -10.3% | 54,529 | $2.9M |
| TT Capital Management LLC | 2.20% | Reduce -6.9% | 54,218 | $2.9M |
| Cherokee Insurance Co | 1.21% | Reduce -10.1% | 53,176 | $2.8M |
| Scotia Capital Inc. | 0.01% | Add +8.6% | 52,623 | $2.8M |
| California First Leasing Corp. | 1.02% | No change | 52,500 | $2.8M |
| Caption Management, LLC | 0.17% | Add +24.3% | 52,204 | $2.8M |
| Advisory Research Inc. | 0.36% | New | 51,468 | $2.7M |
| Vident Advisory, LLC | 0.03% | Add +27.3% | 51,210 | $2.7M |
| Signaturefd, LLC | 0.04% | Add +5.9% | 50,414 | $2.7M |
| Bleakley Financial Group, LLC | 0.06% | Add +4.0% | 49,314 | $2.6M |
| AdvisorNet Financial, Inc | 0.15% | Reduce -2.0% | 49,035 | $2.6M |
| Integrated Quantitative Investments LLC | 0.73% | Reduce -31.8% | 48,616 | $2.6M |
| Arkadios Wealth Advisors | 0.06% | Add +9.2% | 48,604 | $2.6M |
| Quantitative Investment Management, LLC | 0.36% | New | 48,494 | $2.6M |
| Fulton Bank, N.A. | 0.09% | Add +3.4% | 48,313 | $2.6M |
| First National Trust Co | 0.09% | No change | 48,237 | $2.6M |
| Virtu Financial LLC | 0.14% | New | 47,488 | $2.5M |
| Legal & General Group Plc | 0.00% | Reduce -15.9% | 46,964 | $2.5M |
| Naviter Wealth, LLC | 0.29% | Reduce -4.6% | 46,533 | $2.5M |
| J.W. Cole Advisors, Inc. | 0.05% | Reduce -0.3% | 46,351 | $2.5M |
| D.A. Davidson & Co. | 0.02% | Add +5.2% | 45,395 | $2.4M |
| WT Asset Management Ltd | 0.11% | Reduce -94.4% | 45,000 | $2.4M |
| Maverick Capital | 0.03% | New | 44,918 | $2.4M |
| Phil A. Younker & Associates, Ltd. | 1.83% | Reduce -12.1% | 44,908 | $2.4M |
| AMG National Trust Bank | 0.06% | Reduce -32.0% | 44,794 | $2.4M |
| Prosperity Consulting Group, LLC | 0.12% | Reduce -21.6% | 44,388 | $2.4M |
| Squarepoint Ops LLC | 0.01% | Reduce -84.2% | 44,318 | $2.4M |
| Townsend & Associates, Inc | 0.22% | Reduce -0.2% | 45,247 | $2.3M |
| Corient Private Wealth LP | 0.00% | Add +6.8% | 43,920 | $2.3M |
| Caprock Group, LLC | 0.06% | — | 40,800 | $2.3M |
| Capital International Sarl | 0.04% | Add +1.0% | 43,249 | $2.3M |
| Compound Planning, Inc. | 0.07% | Add +2.9% | 42,033 | $2.2M |
| Phoenix Financial Ltd. | 0.03% | Add +493.4% | 42,000 | $2.2M |
| Citizens National Bank Trust Department | 0.39% | Add +0.4% | 41,569 | $2.2M |
| Optimist Retirement Group LLC | 0.99% | Reduce -17.8% | 41,465 | $2.2M |
| HF Advisory Group, LLC | 0.81% | Reduce -12.1% | 41,402 | $2.2M |
| Range Financial Group LLC | 0.78% | Reduce -1.8% | 40,560 | $2.2M |
| Arax Advisory Partners | 0.03% | Add +525.3% | 40,460 | $2.1M |
| Morningstar Investment Management LLC | 0.08% | New | 39,967 | $2.1M |
| Syon Capital LLC | 0.11% | Add +2.3% | 39,424 | $2.1M |
| Alaethes Wealth, LLC | 0.59% | Reduce -8.4% | 39,418 | $2.1M |
| Raleigh Capital Management Inc. | 0.79% | Add +16.4% | 39,406 | $2.1M |
| Principal Securities, Inc. | 0.03% | Reduce -3.0% | 38,424 | $2.0M |
| Steward Partners Investment Advisory, LLC | 0.01% | Add +6.2% | 38,161 | $2.0M |
| Global Retirement Partners, LLC | 0.04% | Reduce -1.6% | 37,778 | $2.0M |
| Vise Technologies, Inc. | 0.07% | Add +15.5% | 37,761 | $2.0M |
| Obermeyer Wealth Partners | 0.09% | Add +0.5% | 37,688 | $2.0M |
| FNY Investment Advisers, LLC | 0.62% | Reduce -27.3% | 35,500 | $1.9M |
| Point72 Hong Kong Ltd | 0.09% | New | 34,900 | $1.9M |
| United Capital Financial Advisors, LLC | 0.01% | Add +65.3% | 34,724 | $1.8M |
| Ativo Capital Management LLC | 1.55% | Reduce -2.3% | 34,542 | $1.8M |
| Guggenheim Capital LLC | 0.01% | Reduce -13.4% | 33,785 | $1.8M |
| Verdence Capital Advisors LLC | 0.10% | Add +10.3% | 34,073 | $1.8M |
| Focus Partners Wealth | 0.00% | Add +151.3% | 33,327 | $1.8M |
| Ceera Investments, LLC | 0.55% | No change | 32,965 | $1.7M |
| Wealth Alliance, LLC | 0.17% | Add +9.5% | 31,992 | $1.7M |
| Blue Trust, Inc. | 0.02% | Add +13.7% | 31,776 | $1.7M |
| Sequoia Financial Advisors, LLC | 0.01% | Add +19.4% | 31,069 | $1.6M |
| Laird Norton Wetherby Wealth Management, LLC | 0.07% | Add +15.2% | 30,388 | $1.6M |
| WCM Investment Management, LLC | 0.00% | New | 30,513 | $1.6M |
| Kayne Anderson Rudnick Investment Management LLC | 0.00% | Add +2.0% | 30,165 | $1.6M |
| Advisors Asset Management, Inc. | 0.03% | Reduce -7.3% | 29,640 | $1.6M |
| Souders Financial Advisors | 0.19% | Add +12.3% | 29,634 | $1.6M |
| Qtron Investments LLC | 0.19% | Reduce -0.1% | 29,576 | $1.6M |
| Hantz Financial Services, Inc. | 0.02% | Add +125.3% | 29,405 | $1.6M |
| Captrust Financial Advisors | 0.00% | Add +1.2% | 29,232 | $1.6M |
| Jackson Wealth Management, LLC | 0.15% | Add +5.4% | 28,716 | $1.5M |
| Oppenheimer & Co. Inc. | 0.02% | Add +1.6% | 28,341 | $1.5M |
| Callan Family Office, LLC | 0.05% | Reduce -8.3% | 28,316 | $1.5M |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +8.3% | 28,204 | $1.5M |
| Regions Financial Corp. | 0.01% | Add +264.3% | 28,147 | $1.5M |
| CSS LLC | 0.26% | Add +11.4% | 27,980 | $1.5M |
| Evergreen Capital Management LLC | 0.04% | Add +31.1% | 27,902 | $1.5M |
| Private Advisor Group, LLC | 0.01% | Reduce -1.1% | 27,483 | $1.5M |
| FORA Capital, LLC | 0.26% | New | 27,448 | $1.5M |
| Mitchell & Pahl Private Wealth, LLC | 0.60% | Reduce -0.6% | 27,044 | $1.4M |
| HSBC Holdings PLC | 0.00% | Add +451.0% | 26,862 | $1.4M |
| Nwam LLC | 0.08% | Reduce -0.0% | 27,658 | $1.4M |
| Brookstone Capital Management | 0.02% | Reduce -6.4% | 26,657 | $1.4M |
| Integrated Wealth Concepts LLC | 0.01% | Add +47.6% | 26,361 | $1.4M |
| Ascent Group, LLC | 0.05% | Add +0.2% | 26,291 | $1.4M |
| Advisory Services Network, LLC | 0.02% | Add +2.3% | 26,083 | $1.4M |
| 44 Wealth Management LLC | 0.47% | Reduce -13.4% | 25,816 | $1.4M |
| HighPoint Advisor Group LLC | 0.07% | Reduce -3.4% | 25,758 | $1.4M |
| Plan Group Financial, LLC | 0.36% | Reduce -18.4% | 25,203 | $1.3M |
| Dorsey Wright & Associates | 0.30% | New | 25,149 | $1.3M |
| MADDEN SECURITIES Corp | 0.41% | Reduce -13.0% | 25,075 | $1.3M |
| Ipswich Investment Management Co., Inc. | 0.31% | No change | 25,000 | $1.3M |
| AdvisorShares Investments LLC | 0.22% | Add +252.5% | 24,846 | $1.3M |
| Thrivent Financial for Lutherans | 0.00% | Add +11.4% | 24,622 | $1.3M |
| Ted Buchan & Co | 0.51% | Reduce -1.7% | 24,374 | $1.3M |
| Brooklyn Investment Group | 0.17% | Reduce -1.1% | 27,331 | $1.3M |
| Parallax Volatility Advisers, L.P. | 0.04% | New | 24,085 | $1.3M |
| Choreo, LLC | 0.02% | Add +3.5% | 23,782 | $1.3M |
| Pitcairn Co. | 0.10% | Add +190.4% | 23,606 | $1.3M |
| Greenleaf Trust | 0.01% | Add +2.1% | 23,507 | $1.2M |
| Blackstone Inc. | 0.01% | New | 23,363 | $1.2M |
| Applied Capital LLC | 0.88% | No change | 23,275 | $1.2M |
| Pictet Asset Management Holding SA | 0.00% | No change | 22,967 | $1.2M |
| Dymon Asia Capital (singapore) Pte. LTD. | 0.49% | Reduce -4.9% | 22,918 | $1.2M |
| Kestra Private Wealth Services, LLC | 0.02% | Reduce -5.5% | 22,517 | $1.2M |
| Allspring Global Investments Holdings, LLC | 0.00% | Reduce -2.5% | 22,605 | $1.2M |
| Franklin Resources Inc. | 0.00% | Add +5.6% | 22,108 | $1.2M |
| WESPAC Advisors, LLC | 0.68% | Add +0.9% | 22,073 | $1.2M |
| Farringdon Capital, Ltd. | 0.30% | Reduce -37.6% | 21,895 | $1.2M |
| Fifth Third Bancorp | 0.00% | Add +3.9% | 21,849 | $1.2M |
| Smith, Moore & Co. | 0.09% | Add +0.0% | 21,678 | $1.2M |
| Sagespring Wealth Partners, LLC | 0.02% | Add +2.7% | 21,479 | $1.1M |
| Diversify Wealth Management, LLC | 0.07% | New | 21,679 | $1.1M |
| Cantor Fitzgerald, L. P. | 0.02% | Add +319.8% | 21,414 | $1.1M |
| Ausdal Financial Partners, Inc. | 0.05% | Add +16.4% | 21,165 | $1.1M |
| Aprio Wealth Management, LLC | 0.11% | Add +9.7% | 21,132 | $1.1M |
| Yousif Capital Management, LLC | 0.01% | Reduce -14.6% | 20,981 | $1.1M |
| Sanders Morris Harris LLC | 0.15% | Add +296.8% | 20,723 | $1.1M |
| Dynasty Wealth Management, LLC | 0.01% | New | 20,391 | $1.1M |
| Independent Advisor Alliance | 0.03% | Reduce -6.0% | 20,355 | $1.1M |
| Engineers Gate Manager LP | 0.01% | New | 20,224 | $1.1M |
| Lazard Asset Management LLC | 0.00% | Add +81.7% | 20,167 | $1.1M |
| Merit Financial Group, LLC | 0.01% | Reduce -1.4% | 20,108 | $1.1M |
| Fourpath Capital Management, LLC | 0.15% | Add +8.0% | 19,997 | $1.1M |
| Beacon Pointe Advisors, LLC | 0.01% | Add +9.3% | 19,975 | $1.1M |
| Kingswood Wealth Advisors, LLC | 0.06% | Add +46.2% | 18,734 | $994K |
| Wealthcare Advisory Partners LLC | 0.02% | Add +70.1% | 18,601 | $987K |
| Crossmark Global Holdings, Inc. | 0.01% | Reduce -0.1% | 18,423 | $978K |
| Fortress Private Ledger, LLC | 0.36% | Add +38.7% | 18,406 | $977K |
| Hilltop Holdings Inc. | 0.05% | Add +25.8% | 18,375 | $975K |
| TD Waterhouse Canada Inc. | 0.01% | Reduce -5.7% | 18,489 | $966K |
| Townsquare Capital LLC | 0.15% | Reduce -11.3% | 18,127 | $962K |
| Code Waechter LLC | 0.63% | Add +251.2% | 18,820 | $962K |
| Headlands Technologies LLC | 0.08% | Reduce -83.6% | 18,060 | $959K |
| First Foundation Advisors | 0.03% | Reduce -55.5% | 17,565 | $932K |
| Keystone Financial Group | 0.07% | Reduce -1.6% | 17,370 | $922K |
| Independent Financial Group, LLC | 0.02% | Reduce -27.3% | 17,366 | $922K |
| HB Wealth Management, LLC | 0.01% | Add +54.6% | 17,159 | $911K |
| Highland Capital Management, LLC | 0.04% | Add +13.3% | 17,000 | $902K |
| Michels Family Financial, LLC | 0.69% | Reduce -12.2% | 16,665 | $885K |
| Glenorchy Capital Ltd | 0.64% | Reduce -3.1% | 16,634 | $883K |
| Nicholas Wealth, LLC. | 0.64% | Add +25.5% | 16,587 | $880K |
| San Luis Wealth Advisors LLC | 0.16% | Reduce -0.5% | 16,556 | $879K |
| Snowden Capital Advisors LLC | 0.02% | Add +20.4% | 16,351 | $868K |
| Tairen Capital Ltd | 0.09% | New | 16,290 | $865K |
| D'Orazio & Associates, Inc. | 0.11% | Add +1.1% | 16,249 | $862K |
| Valeo Financial Advisors, LLC | 0.02% | Reduce -25.4% | 16,234 | $862K |
| Atlantic Union Bankshares Corp | 0.02% | Add +5907.4% | 16,220 | $861K |
| Allworth Financial LP | 0.00% | Add +1.9% | 16,204 | $860K |
| IFP Advisors, Inc | 0.02% | Reduce -8.0% | 16,200 | $860K |
| Legacy Financial Advisors, Inc. | 0.12% | New | 16,050 | $852K |
| Financial & Tax Architects, LLC | 0.19% | Add +0.5% | 15,818 | $840K |
| TCW Group Inc. | 0.01% | No change | 15,706 | $834K |
| Finer Wealth Management, Inc. | 0.41% | Reduce -1.7% | 15,583 | $827K |
| Lido Advisors, LLC | 0.00% | New | 15,579 | $827K |
| Key Client Fiduciary Advisors, LLC | 0.28% | Add +4.9% | 15,578 | $827K |
| Glenview Trust Co | 0.01% | Add +2.8% | 15,540 | $825K |
| Brown Advisory Inc. | 0.00% | Reduce -4.6% | 15,239 | $809K |
| Formidable Asset Management, LLC | 0.13% | Reduce -5.3% | 17,071 | $808K |
| Forum Financial Management, LP | 0.01% | No change | 15,073 | $800K |
| Profund Advisors LLC | 0.03% | Reduce -19.7% | 14,994 | $796K |
| O'Brien Greene & Co. Inc | 0.24% | Reduce -0.6% | 14,943 | $793K |
| Brandes Investment Partners, LP | 0.01% | Reduce -32.8% | 14,924 | $792K |
| Mangrove Partners Im, LLC | 0.06% | New | 14,563 | $773K |
| Venturi Wealth Management, LLC | 0.04% | Add +4.7% | 14,347 | $762K |
| Avidian Wealth Enterprises, LLC | 0.03% | Add +4.9% | 14,314 | $760K |
| Aaron Wealth Advisors LLC | 0.05% | Reduce -3.9% | 14,276 | $758K |
| Baird Financial Group, Inc. | 0.00% | Reduce -4.3% | 14,217 | $755K |
| Belpointe Asset Management LLC | 0.03% | Reduce -19.2% | 14,205 | $754K |
| Access Investment Management LLC | 0.20% | Add +13.6% | 14,195 | $753K |
| Stratos Wealth Partners, LTD. | 0.01% | New | 14,140 | $751K |
| Linden Thomas Advisory Services, LLC | 0.07% | Add +8.2% | 13,905 | $738K |
| Larson Financial Group LLC | 0.03% | Reduce -14.4% | 13,816 | $733K |
| World Investment Advisors | 0.01% | Add +5.1% | 13,793 | $732K |
| Stokes Family Office, LLC | 0.07% | Add +17.7% | 13,786 | $732K |
| Avantra Family Wealth, Inc. | 0.54% | Reduce -20.0% | 13,648 | $724K |
| SG Americas Securities, LLC | 0.00% | Add +55.1% | 13,518 | $718K |
| Banco de Sabadell, S.A | 0.47% | Reduce -15.1% | 13,315 | $710K |
| Intelligence Driven Advisers, LLC | 0.10% | No change | 13,361 | $709K |
| AE Wealth Management LLC | 0.00% | Add +21.9% | 13,317 | $707K |
| Titleist Asset Management, LLC | 0.06% | Reduce -9.8% | 13,194 | $700K |
| Walleye Capital LLC | 0.01% | Add +89.1% | 13,165 | $699K |
| Ballentine Partners, LLC | 0.01% | Reduce -5.4% | 13,032 | $692K |
| Smartleaf Asset Management LLC | 0.04% | Add +46.8% | 13,020 | $688K |
| Savant Capital, LLC | 0.00% | Add +7.4% | 12,832 | $681K |
| Regal Investment Advisors LLC | 0.04% | Reduce -7.7% | 12,813 | $680K |
| Kingsview Wealth Management, LLC | 0.01% | Add +7.8% | 12,778 | $678K |
| TD Asset Management Inc | 0.00% | Reduce -1.5% | 12,761 | $677K |
| Moody National Bank Trust Division | 0.06% | Reduce -1.9% | 12,710 | $675K |
| Intrust Bank NA | 0.06% | Add +34.0% | 12,483 | $663K |
| Prospera Financial Services Inc | 0.01% | Reduce -16.4% | 12,410 | $659K |
| NorthCoast Asset Management LLC | 0.00% | Add +1.8% | 12,388 | $658K |
| Glenmede Investment Management, LP | 0.00% | Add +3.0% | 12,338 | $655K |
| White Lighthouse Investment Management Inc. | 0.10% | Reduce -48.6% | 12,264 | $651K |
| Cove Street Capital, LLC | 0.85% | Reduce -12.2% | 12,221 | $649K |
| Acadian Asset Management LLC | 0.00% | New | 12,215 | $647K |
| Tidal Investments LLC | 0.00% | New | 11,988 | $636K |
| GAMMA Investing LLC | 0.04% | Add +33.4% | 11,972 | $635K |
| Elevation Point Wealth Partners, LLC | 0.04% | Reduce -36.8% | 11,938 | $634K |
| GeoWealth Management, LLC | 0.02% | Add +8.2% | 11,909 | $632K |
| Silver Oak Securities, Incorporated | 0.05% | Add +3.0% | 11,865 | $630K |
| Brucke Financial, Inc. | 0.36% | Add +25.5% | 12,112 | $620K |
| Diversify Advisory Services, LLC | 0.02% | Add +169.4% | 11,771 | $617K |
| Rehmann Capital Advisory Group | 0.03% | Add +0.6% | 11,603 | $616K |
| Signature Estate & Investment Advisors LLC | 0.01% | Add +2.0% | 11,524 | $612K |
| Mutual Advisors, LLC | 0.01% | Reduce -26.3% | 11,743 | $609K |
| Keybank National Association | 0.00% | Reduce -6.3% | 11,448 | $608K |
| Cwm, LLC | 0.00% | Add +31.0% | 11,415 | $606K |
| Frank, Rimerman Advisors LLC | 0.04% | Add +0.9% | 11,204 | $595K |
| Pinnacle Wealth Planning Services, Inc. | 0.07% | Reduce -10.0% | 11,142 | $591K |
| Adalta Capital Management LLC | 0.27% | Reduce -4.0% | 11,110 | $590K |
| Lester Murray Antman dba SimplyRich | 0.16% | Reduce -0.1% | 11,018 | $584K |
| Corsair Capital Management, L.P. | 0.10% | No change | 11,000 | $584K |
| Bank & Trust Co | 0.43% | No change | 10,992 | $583K |
| Transcend Capital Advisors, LLC | 0.04% | Add +36.2% | 10,906 | $579K |
| Mission Wealth Management, LP | 0.01% | Add +0.5% | 10,888 | $578K |
| First County Bank | 0.29% | Reduce -10.4% | 10,720 | $569K |
| Anchor Investment Management, LLC | 0.05% | Reduce -5.3% | 10,683 | $567K |
| AlphaCore Capital LLC | 0.02% | Add +566.2% | 10,679 | $567K |
| Centiva Capital, LP | 0.05% | New | 10,602 | $563K |
| Rexford Capital Inc. | 0.43% | Reduce -10.9% | 10,570 | $561K |
| Dynamic Advisor Solutions LLC | 0.02% | Add +3.0% | 10,458 | $555K |
| Foundations Investment Advisors, LLC | 0.01% | New | 10,423 | $553K |
| 1832 Asset Management L.P. | 0.00% | New | 10,400 | $552K |
| RNC Capital Management LLC | 0.03% | Add +8.5% | 10,326 | $548K |
| Trexquant Investment LP | 0.01% | Reduce -94.8% | 10,319 | $548K |
| Stock Yards Bank & Trust Co. | 0.02% | Add +2.5% | 10,318 | $548K |
| J.Safra Asset Management Corp | 0.03% | Reduce -0.4% | 10,262 | $545K |
| Versant Capital Management, Inc | 0.07% | Reduce -2.2% | 10,237 | $543K |
| Griffin Asset Management, Inc. | 0.06% | Reduce -25.6% | 10,195 | $541K |
| Symphony Financial, Ltd. Co. | 0.07% | Add +4.5% | 10,159 | $539K |
| Woodard & Co. Asset Management Group Inc. | 0.09% | Add +0.0% | 10,129 | $538K |
| Beverly Hills Private Wealth, LLC | 0.10% | Add +37.0% | 10,115 | $537K |
| May Hill Capital, LLC | 0.16% | Add +5.5% | 10,114 | $537K |
| Stockman Wealth Management, Inc. | 0.07% | No change | 10,000 | $531K |
| 49 Wealth Management, LLC | 0.05% | Reduce -51.2% | 9,937 | $527K |
| Mgo One Seven LLC | 0.01% | Add +29.8% | 9,914 | $526K |
| X-Square Capital, LLC | 0.16% | Add +0.1% | 9,876 | $524K |
| Lantz Financial LLC | 0.12% | Add +15.1% | 9,861 | $523K |
| Savvy Advisors, Inc. | 0.02% | New | 9,846 | $523K |
| Fielder Capital Group LLC | 0.12% | Add +6.4% | 9,806 | $521K |
| West Family Investments, Inc. | 0.12% | Add +0.8% | 9,756 | $518K |
| Excalibur Management Corp. | 0.19% | Reduce -0.5% | 9,741 | $517K |
| Sivia Capital Partners, LLC | 0.15% | Add +15.2% | 9,736 | $517K |
| Consolidated Portfolio Review Corp | 0.06% | Reduce -2.2% | 9,710 | $515K |
| Geneos Wealth Management Inc. | 0.01% | Reduce -3.1% | 9,679 | $514K |
| Old National Bancorp | 0.01% | Reduce -3.7% | 9,655 | $512K |
| Weaver Consulting Group | 0.13% | Add +0.1% | 9,492 | $504K |
| GC Wealth Management RIA, LLC | 0.02% | Add +17.6% | 9,388 | $498K |
| Insigneo Advisory Services, LLC | 0.03% | Add +13.2% | 9,355 | $497K |
| Strategic Investment Advisors / MI | 0.04% | Reduce -7.4% | 9,348 | $496K |
| Cresset Asset Management, LLC | 0.00% | Add +1.7% | 9,294 | $493K |
| HM Payson & Co. | 0.01% | New | 9,180 | $487K |
| Parvin Asset Management, LLC | 0.43% | Reduce -0.3% | 9,115 | $484K |
| Wedbush Securities Inc. | 0.02% | Add +20.1% | 9,065 | $481K |
| Park Place Capital Corp | 0.10% | Add +8.4% | 9,060 | $481K |
| Sovran Advisors, LLC | 0.04% | New | 9,316 | $478K |
| Concurrent Investment Advisors, LLC | 0.01% | Add +3.0% | 8,974 | $476K |
| Rakuten Securities, Inc. | 0.17% | Add +33.0% | 8,878 | $471K |
| Gallacher Capital Management LLC | 0.18% | Reduce -14.6% | 8,747 | $464K |
| Checchi Capital Advisers, LLC | 0.03% | Add +1.4% | 8,735 | $464K |
| Western Wealth Management, LLC | 0.02% | Add +0.9% | 8,731 | $463K |
| Entropy Technologies, LP | 0.03% | New | 8,499 | $451K |
| Chapin Davis, Inc. | 0.11% | No change | 8,494 | $451K |
| Waverly Advisors, LLC | 0.00% | Reduce -0.2% | 8,483 | $450K |
| CMG Global Holdings, LLC | 0.22% | No change | 8,853 | $449K |
| SkyView Investment Advisors, LLC | 0.06% | Add +6.7% | 8,412 | $447K |
| Arista Wealth Management, LLC | 0.06% | No change | 8,400 | $446K |
| Parallel Advisors, LLC | 0.01% | Add +4.2% | 8,399 | $446K |
| Jaffetilchin Investment Partners, LLC | 0.03% | Reduce -1.4% | 8,348 | $443K |
| First City Capital Management, Inc. | 0.24% | No change | 8,290 | $440K |
| Mesirow Financial Investment Management, Inc. | 0.01% | Add +12.4% | 8,277 | $439K |
| Sound View Wealth Advisors Group, LLC | 0.03% | Reduce -0.8% | 8,242 | $437K |
| Phillips Wealth Planners LLC | 0.36% | Add +2.1% | 8,541 | $437K |
| PDS Planning, Inc | 0.03% | Add +3.6% | 8,232 | $437K |
| Level Four Advisory Services, LLC | 0.01% | Reduce -0.6% | 8,216 | $436K |
| Journey Strategic Wealth LLC | 0.01% | Add +4.6% | 8,161 | $433K |
| Dorsey & Whitney Trust CO LLC | 0.02% | Add +0.8% | 8,118 | $431K |
| Dana Investment Advisors, Inc. | 0.01% | New | 8,093 | $430K |
| Ethic Inc. | 0.01% | Add +18.1% | 7,939 | $421K |
| Koshinski Asset Management, Inc. | 0.03% | Add +7.1% | 7,936 | $421K |
| Personal Cfo Solutions, LLC | 0.07% | Add +65.2% | 7,909 | $420K |
| Janus Henderson Group PLC | 0.00% | Reduce -32.2% | 7,772 | $412K |
| Sunpointe, LLC | 0.15% | Add +1.5% | 7,763 | $412K |
| Sittner & Nelson, LLC | 0.15% | No change | 7,750 | $411K |
| Purkiss Capital Advisors LLC | 0.20% | Add +19.4% | 7,732 | $410K |
| A. D. Beadell Investment Counsel, Inc. | 0.28% | No change | 7,700 | $408K |
| Bridgewater Advisors Inc. | 0.03% | Add +5.7% | 7,503 | $407K |
| Bahl & Gaynor LLC | 0.00% | Add +17.8% | 7,608 | $404K |
| Ti-Trust, Inc. | 0.25% | No change | 7,522 | $399K |
| Sterling Capital Management LLC | 0.01% | Reduce -36.4% | 7,522 | $399K |
| Sigma Planning Corp | 0.01% | Add +7.6% | 7,507 | $398K |
| Genesis Private Wealth, LLC | 0.17% | Add +6.2% | 7,502 | $398K |
| Midwest Trust Co | 0.01% | Reduce -95.7% | 7,493 | $398K |
| Syverson Strege & Co | 0.09% | New | 7,386 | $392K |
| PEAK6 LLC | 0.01% | New | 7,352 | $390K |
| MQS Management LLC | 0.23% | New | 7,335 | $389K |
| Fifth Third Wealth Advisors LLC | 0.01% | Reduce -8.8% | 7,237 | $384K |
| Exit Wealth Advisors, LLC. | 0.25% | — | 7,198 | $382K |
| HRT Financial LP | 0.00% | New | 7,207 | $382K |
| Legacy Capital Group California, Inc. | 0.10% | Add +20.7% | 7,146 | $379K |
| AA Financial Advisors, LLC | 0.07% | Reduce -2.9% | 7,075 | $376K |
| United Advisor Group, LLC | 0.05% | No change | 7,067 | $375K |
| Red Door Wealth Management, LLC | 0.04% | Add +31.1% | 7,057 | $375K |
| Dearborn Partners LLC | 0.02% | Reduce -16.9% | 7,038 | $374K |
| RiverFront Investment Group, LLC | 0.01% | Add +59.5% | 7,034 | $373K |
| Essex LLC | 0.07% | No change | 6,985 | $371K |
| Mayflower Financial Advisors, LLC | 0.05% | Add +4.0% | 6,950 | $369K |
| Sage Rhino Capital LLC | 0.07% | Add +2.4% | 6,942 | $368K |
| Farther Finance Advisors, LLC | 0.01% | Add +18.0% | 6,871 | $365K |
| Pines Wealth Management, LLC | 0.12% | Reduce -10.5% | 6,860 | $364K |
| LVW Advisors, LLC | 0.04% | Reduce -5.6% | 6,848 | $364K |
| Prime Capital Investment Advisors, LLC | 0.00% | Reduce -6.3% | 6,828 | $362K |
| Shulman DeMeo Asset Management LLC | 0.08% | Reduce -17.1% | 6,773 | $360K |
| Ariadne Wealth Management, LP | 0.16% | Add +3.6% | 6,530 | $356K |
| Capital Investment Advisors, LLC | 0.01% | Add +18.4% | 6,662 | $354K |
| Founders Financial Alliance, LLC | 0.07% | Add +19.1% | 6,622 | $352K |
| Augustine Asset Management Inc. | 0.07% | Reduce -2.0% | 6,559 | $348K |
| IFG Advisory, LLC | 0.02% | Reduce -13.9% | 6,446 | $342K |
| Rockefeller Capital Management L.P. | 0.00% | New | 6,444 | $342K |
| Atlatl Advisers LLC | 0.14% | New | 6,399 | $340K |
| MBA Advisors LLC | 0.14% | Add +4.0% | 6,319 | $335K |
| Creative Financial Designs Inc. | 0.02% | Add +9.8% | 6,276 | $333K |
| Rhumbline Advisers | 0.00% | Add +4.1% | 6,264 | $332K |
| Ridgepath Capital Management LLC | 0.14% | No change | 6,257 | $332K |
| Perennial Investment Advisors, LLC | 0.03% | Add +8.1% | 6,256 | $332K |
| Cheviot Value Management, LLC | 0.04% | Add +10.5% | 6,325 | $332K |
| Contravisory Investment Management, Inc. | 0.06% | Add +4.5% | 6,242 | $331K |
| Brown Brothers Harriman & Co. | 0.00% | Add +3.0% | 6,225 | $330K |
| Certior Financial Group, LLC | 0.22% | Reduce -17.9% | 6,172 | $328K |
| Argent Trust Co | 0.01% | Add +6.6% | 6,165 | $327K |
| Allie Family Office LLC | 0.15% | No change | 6,150 | $326K |
| Atlantic Family Wealth, LLC | 0.25% | Add +32.2% | 6,143 | $326K |
| Focus Partners Advisor Solutions, LLC | 0.00% | Add +40.2% | 6,052 | $326K |
| Roehl & Yi Investment Advisors, LLC | 0.14% | Add +0.9% | 6,079 | $323K |
| Cary Street Partners Investment Advisory LLC | 0.13% | Add +40.4% | 6,072 | $322K |
| Steadtrust LLC | 0.22% | No change | 6,000 | $318K |
| Apollon Wealth Management, LLC | 0.01% | Add +12.4% | 5,968 | $317K |
| Rossby Financial, LCC | 0.10% | Add +2.6% | 6,040 | $316K |
| EverSource Wealth Advisors, LLC | 0.01% | Add +4.6% | 5,870 | $312K |
| Ascentis Independent Advisors | 0.05% | Add +12.9% | 5,845 | $310K |
| Blankinship & Foster, LLC | 0.07% | No change | 5,809 | $308K |
| Huntington National Bank | 0.00% | Reduce -1.6% | 5,776 | $307K |
| CAP Partners, LLC | 0.17% | Add +1.8% | 5,756 | $306K |
| Stegent Equity Advisors, Inc. | 0.25% | New | 5,681 | $302K |
| Arete Wealth Advisors, LLC | 0.02% | Reduce -17.1% | 5,640 | $299K |
| Optas, LLC | 0.05% | Add +2.3% | 5,564 | $295K |
| Concord Wealth Partners | 0.04% | No change | 5,436 | $289K |
| Commerce Bank | 0.00% | New | 5,346 | $284K |
| Hohimer Wealth Management, LLC | 0.04% | No change | 5,300 | $281K |
| Aigen Investment Management, LP | 0.04% | New | 5,289 | $281K |
| Hilton Capital Management, LLC | 0.02% | New | 5,276 | $280K |
| Alteri Wealth LLC | 0.10% | Reduce -8.7% | 5,253 | $279K |
| one8zero8, LLC | 0.06% | No change | 5,232 | $278K |
| Penn Mutual Asset Management | 0.67% | No change | 5,200 | $276K |
| Spire Wealth Management | 0.01% | Add +0.1% | 5,143 | $273K |
| FDx Advisors, Inc. | 0.08% | Add +13.7% | 5,260 | $269K |
| GDS Wealth Management | 0.02% | New | 5,052 | $268K |
| Intrua Financial, LLC | 0.03% | New | 5,039 | $267K |
| Ellevest, Inc. | 0.04% | No change | 5,017 | $266K |
| Woodward Diversified Capital, LLC | 0.12% | No change | 5,000 | $265K |
| AGH Wealth Advisors, LLC | 0.19% | Add +5.9% | 4,975 | $264K |
| Live Oak Private Wealth LLC | 0.04% | No change | 4,969 | $264K |
| BFI Infinity Ltd. | 0.17% | No change | 4,945 | $262K |
| Prelude Capital Management, LLC | 0.02% | New | 4,883 | $259K |
| Daymark Wealth Partners, LLC | 0.01% | New | 4,860 | $258K |
| Optima Capital LLC | 0.13% | Reduce -15.4% | 4,854 | $258K |
| Private Trust Co. NA | 0.02% | Add +18.4% | 4,839 | $257K |
| BXM Wealth LLC | 0.24% | No change | 4,825 | $256K |
| CreativeOne Wealth, LLC | 0.01% | New | 4,823 | $256K |
| Coldstream Capital Management Inc. | 0.00% | New | 4,815 | $256K |
| Traveka Wealth, LLC | 0.11% | New | 4,800 | $255K |
| Fingerlakes Wealth Management, Inc. | 0.16% | No change | 4,751 | $252K |
| Affinity Capital Advisors, LLC | 0.04% | No change | 4,776 | $250K |
| Cromwell Holdings LLC | 0.13% | No change | 4,702 | $250K |
| Stonegate Investment Group, LLC | 0.01% | Reduce -18.6% | 4,685 | $249K |
| Teamwork Financial Advisors, LLC | 0.03% | Reduce -7.0% | 4,643 | $246K |
| Drive Wealth Management, LLC | 0.05% | Add +2.5% | 4,629 | $246K |
| Allianz SE | 0.01% | Reduce -35.5% | 4,592 | $244K |
| Bogart Wealth, LLC | 0.01% | Reduce -1.9% | 4,540 | $241K |
| Alpha Cubed Investments, LLC | 0.01% | New | 4,513 | $240K |
| StoneX Group Inc. | 0.01% | Reduce -6.3% | 4,509 | $239K |
| Walled Lake Planning & Wealth Management, LLC | 0.08% | No change | 4,420 | $235K |
| Empowered Funds, LLC | 0.00% | Reduce -29.4% | 4,398 | $233K |
| Moneco Advisors, LLC | 0.02% | Add +0.6% | 4,395 | $233K |
| Wrapmanager Inc. | 0.07% | Add +2.0% | 4,373 | $232K |
| Exencial Wealth Advisors, LLC | 0.01% | New | 4,372 | $232K |
| HCR Wealth Advisors | 0.02% | No change | 4,407 | $231K |
| Nomura Holdings Inc. | 0.00% | Reduce -96.7% | 4,339 | $230K |
| FLC Capital Advisors | 0.04% | No change | 4,320 | $229K |
| Shelton Capital Management | 0.00% | No change | 4,270 | $227K |
| Edmp, Inc. | 0.18% | No change | 4,239 | $225K |
| Costello Asset Management, INC | 0.07% | No change | 4,208 | $223K |
| GF Fund Management Co. LTD. | 0.00% | Reduce -99.4% | 4,179 | $222K |
| Resonant Capital Advisors, LLC | 0.01% | New | 4,138 | $220K |
| IFS Group,LLC | 0.19% | — | 4,130 | $216K |
| TrinityBridge Ltd | 0.00% | No change | 4,055 | $215K |
| Renasant Bank | 0.14% | New | 4,029 | $214K |
| Requisite Capital Management, LLC | 0.04% | New | 4,025 | $214K |
| Sage Investment Counsel LLC | 0.24% | New | 4,000 | $212K |
| Clear Harbor Asset Management, LLC | 0.01% | Reduce -20.1% | 3,980 | $211K |
| Burns Matteson Capital Management, LLC | 0.09% | New | 3,969 | $211K |
| Summit Trail Advisors, LLC | 0.00% | New | 3,951 | $210K |
| First Horizon Corp. | 0.01% | — | 3,929 | $209K |
| Polymer Capital Management (HK) LTD | 0.03% | New | 3,893 | $207K |
| Kovack Advisors, Inc. | 0.02% | New | 3,853 | $205K |
| PFG Investments, LLC | 0.01% | Reduce -20.9% | 3,850 | $204K |
| Carter Financial Group, INC. | 0.12% | New | 3,823 | $203K |
| Wealthstream Advisors, Inc. | 0.03% | New | 3,817 | $203K |
| Foster Victor Wealth Advisors, LLC | 0.01% | New | 3,948 | $202K |
| Shilanski & Associates, Inc. | 0.05% | New | 3,807 | $202K |
| Kavar Capital Partners Group, LLC | 0.03% | New | 3,805 | $202K |
| Joel Isaacson & Co., LLC | 0.01% | New | 3,793 | $201K |
| Scientech Research LLC | 0.07% | New | 3,792 | $201K |
| a16z Perennial Management, L.P. | 0.02% | New | 3,786 | $201K |
| HBK Sorce Advisory LLC | 0.01% | New | 3,952 | $201K |
| MAI Capital Management | 0.00% | Reduce -31.2% | 3,695 | $196K |
| Bayforest Capital Ltd | 0.09% | New | 3,494 | $185K |
| Centaurus Financial, Inc. | 0.01% | Reduce -6.5% | 3,383 | $180K |
| Ameritas Advisory Services, LLC | 0.01% | Reduce -37.1% | 3,349 | $178K |
| Deutsche Bank AG | 0.00% | New | 3,285 | $174K |
| Caitong International Asset Management Co., Ltd | 0.12% | New | 3,230 | $171K |
| Asset Planning,Inc | 0.12% | Reduce -9.4% | 3,228 | $171K |
| Sound Income Strategies, LLC | 0.01% | No change | 3,252 | $167K |
| Motco | 0.02% | Add +36.2% | 3,138 | $167K |
| Group One Trading LLC | 0.00% | Reduce -97.7% | 3,065 | $163K |
| HHM Wealth Advisors, LLC | 0.02% | Add +11.5% | 3,031 | $161K |
| CIBC Private Wealth Group LLC | 0.00% | Add +21.5% | 2,977 | $158K |
| Paradigm Asset Management Co. LLC | 0.04% | No change | 2,908 | $154K |
| WFA Asset Management Corp | 0.08% | Add +2.1% | 4,134 | $151K |
| Summit Securities Group LLC | 0.05% | Reduce -91.4% | 2,800 | $149K |
| Grove Bank & Trust | 0.02% | No change | 2,750 | $146K |
| Hilltop National Bank | 0.03% | No change | 2,668 | $142K |
| Wilmington Savings Fund Society, FSB | 0.00% | Reduce -64.0% | 2,611 | $139K |
| State of Wyoming | 0.02% | Add +130.7% | 2,595 | $138K |
| Lanark Financial, Inc. | 0.01% | Reduce -9.2% | 2,564 | $136K |
| UMB Bank, n.a. | 0.00% | Add +86.9% | 2,562 | $136K |
| Bruce G. Allen Investments, LLC | 0.10% | Reduce -2.2% | 2,501 | $133K |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 0.00% | No change | 2,475 | $128K |
| Harbour Investments, Inc. | 0.00% | Add +1.1% | 2,403 | $128K |
| Icon Wealth Advisors, LLC | 0.01% | New | 2,339 | $124K |
| City State Bank | 0.03% | Add +10.5% | 2,105 | $112K |
| Addison Advisors LLC | 0.03% | Add +9.4% | 2,066 | $110K |
| Parkside Financial Bank & Trust | 0.01% | Add +0.3% | 1,984 | $105K |
| Bessemer Group Inc. | 0.00% | Add +77.5% | 1,993 | $105K |
| Cullen/Frost Bankers, Inc. | 0.00% | Add +5.1% | 1,946 | $103K |
| CNB Bank | 0.04% | Reduce -8.2% | 1,790 | $95K |
| Ascentis Wealth Management, LLC | 0.02% | Reduce -4.1% | 1,727 | $92K |
| Pathway Financial Advisers, LLC | 0.03% | New | 1,647 | $87K |
| Kelleher Financial Advisors | 0.02% | New | 1,566 | $83K |
| Truvestments Capital LLC | 0.01% | Add +8.8% | 1,524 | $81K |
| Medallion Wealth Advisors, LLC | 0.03% | Add +1.4% | 1,420 | $75K |
| Main Street Group, LTD | 0.02% | No change | 1,400 | $74K |
| Aventura Private Wealth, LLC | 0.03% | Reduce -36.5% | 1,360 | $72K |
| Centerpoint Advisors, LLC | 0.02% | Add +6.0% | 1,330 | $71K |
| Rothschild Investment LLC | 0.00% | Add +5.9% | 1,288 | $68K |
| Duncker Streett & Co. Inc. | 0.01% | No change | 1,242 | $66K |
| Wealthspire Advisors, LLC | 0.00% | New | 1,227 | $65K |
| Investors Research Corp | 0.01% | Reduce -93.8% | 1,225 | $65K |
| Optimum Investment Advisors | 0.03% | No change | 1,202 | $64K |
| CoreFirst Bank & Trust | 0.03% | Reduce -4.3% | 1,110 | $59K |
| Salomon & Ludwin, LLC | 0.00% | Add +241.6% | 1,059 | $54K |
| Manchester Capital Management LLC | 0.01% | No change | 1,005 | $53K |
| Heritage Wealth Advisors | 0.00% | No change | 1,000 | $53K |
| Point72 Asia (Singapore) Pte. Ltd. | 0.01% | New | 995 | $53K |
| Transamerica Financial Advisors, LLC | 0.00% | New | 930 | $49K |
| Mather Group, Llc. | 0.00% | New | 855 | $45K |
| City Holding Co. | 0.01% | New | 800 | $42K |
| Pandora Wealth, Inc. | 0.02% | No change | 774 | $41K |
| Westside Investment Management, Inc. | 0.01% | Add +100.0% | 782 | $41K |
| Binnacle Investments Inc | 0.02% | Add +163.2% | 750 | $40K |
| Kennebec Savings Bank | 0.03% | Reduce -87.9% | 678 | $36K |
| Covestor Ltd | 0.02% | No change | 666 | $35K |
| Financial Management Professionals, Inc. | 0.00% | Reduce -1.5% | 650 | $35K |
| Salem Investment Counselors Inc. | 0.00% | Add +48.6% | 633 | $34K |
| CoreCap Advisors, LLC | 0.00% | No change | 608 | $32K |
| Rosenberg Matthew Hamilton | 0.01% | No change | 602 | $32K |
| Colonial Trust Co / SC | 0.00% | Add +5.2% | 602 | $32K |
| Boyd Watterson Asset Management LLC | 0.01% | No change | 600 | $32K |
| Monetary Management Group Inc. | 0.01% | No change | 600 | $32K |
| Hollencrest Capital Management | 0.00% | No change | 600 | $32K |
| JFS Wealth Advisors, LLC | 0.00% | Add +20.3% | 593 | $31K |
| Avion Wealth | 0.01% | Add +1.4% | 589 | $31K |
| Retirement Wealth Solutions LLC | 0.02% | Add +11.0% | 574 | $30K |
| Quest 10 Wealth Builders, Inc. | 0.03% | Add +12.4% | 552 | $29K |
| CX Institutional | 0.00% | Reduce -34.0% | 538 | $29K |
| True Wealth Design, LLC | 0.01% | New | 540 | $29K |
| Clearstead Advisors, LLC | 0.00% | Reduce -17.1% | 530 | $28K |
| Smithfield Trust Co | 0.00% | No change | 500 | $27K |
| ORG Partners LLC | 0.01% | No change | 505 | $27K |
| Coston, McIsaac & Partners | 0.01% | No change | 502 | $26K |
| Richard W. Paul & Associates, LLC | 0.01% | Add +11.7% | 468 | $25K |
| WPG Advisers, LLC | 0.02% | Reduce -7.1% | 408 | $22K |
| Vision Financial Markets LLC | 0.02% | Reduce -96.1% | 404 | $21K |
| Riverview Trust Co | 0.03% | No change | 400 | $21K |
| Byrne Asset Management LLC | 0.02% | No change | 400 | $21K |
| Atlantic Edge Private Wealth Management, LLC | 0.01% | No change | 400 | $21K |
| Root Financial Partners, LLC | 0.00% | New | 391 | $21K |
| Highline Wealth Partners LLC | 0.01% | Add +4.7% | 376 | $20K |
| AllSquare Wealth Management LLC | 0.01% | No change | 350 | $19K |
| Cary Street Partners Financial LLC | 0.00% | Reduce -44.9% | 346 | $18K |
| Dakota Community Bank & Trust NA | 0.07% | Reduce -89.1% | 322 | $17K |
| Asset Dedication, LLC | 0.00% | Reduce -5.4% | 315 | $17K |
| McIlrath & Eck, LLC | 0.00% | No change | 304 | $16K |
| Centennial Bank | 0.01% | No change | 300 | $16K |
| Essential Partners LLC | 0.01% | New | 292 | $15K |
| North Capital, Inc. | 0.01% | Add +1.8% | 280 | $15K |
| GW&K Investment Management, LLC | 0.00% | No change | 267 | $14K |
| Winch Advisory Services, LLC | 0.00% | Add +1.6% | 258 | $14K |
| Pension & Wealth Management Advisors, Inc. | 0.00% | No change | 250 | $13K |
| Golden State Wealth Management, LLC | 0.00% | No change | 248 | $13K |
| Johnson Financial Group, Inc. | 0.00% | New | 242 | $13K |
| Cornerstone Planning Group LLC | 0.00% | No change | 245 | $13K |
| Cape Investment Advisory, Inc. | 0.01% | Reduce -46.2% | 225 | $12K |
| Independence Bank of Kentucky | 0.00% | No change | 224 | $12K |
| GPS Wealth Strategies Group, LLC | 0.00% | No change | 224 | $12K |
| Key Financial Inc | 0.00% | Add +1.4% | 224 | $12K |
| Westfuller Advisors, LLC | 0.01% | New | 218 | $12K |
| William B. Walkup & Associates, Inc. | 0.01% | No change | 212 | $11K |
| SIMA Wealth Partners, LLC | 0.01% | No change | 210 | $11K |
| Country Trust Bank | 0.00% | Add +122.8% | 205 | $11K |
| TD Capital Management LLC | 0.00% | Add +1.5% | 203 | $11K |
| Kentucky Trust Co | 0.01% | No change | 200 | $11K |
| Fourth Dimension Wealth, LLC | 0.00% | No change | 193 | $10K |
| FIL Ltd | 0.00% | New | 189 | $10K |
| BankPlus Trust Department | 0.00% | No change | 186 | $10K |
| Physician Wealth Advisors, Inc. | 0.00% | No change | 182 | $10K |
| Wealth Watch Advisors, INC | 0.00% | New | 170 | $9K |
| Old Second National Bank of Aurora | 0.00% | New | 150 | $8K |
| Financial Consulate, Inc. | 0.00% | New | 150 | $8K |
| JNBA Financial Advisors | 0.00% | No change | 150 | $8K |
| Eastern Bank | 0.00% | No change | 150 | $8K |
| Edmond DE Rothschild Holding S.A. | 0.00% | No change | 150 | $8K |
| Tidemark, LLC | 0.00% | Add +1.4% | 143 | $8K |
| IMG Wealth Management, Inc. | 0.01% | No change | 141 | $7K |
| Proffitt & Goodson Inc. | 0.00% | New | 131 | $7K |
| Steigerwald, Gordon & Koch Inc. | 0.00% | New | 128 | $7K |
| Caldwell Sutter Capital, Inc. | 0.00% | No change | 114 | $6K |
| Principia Wealth Advisory, LLC | 0.00% | Add +161.0% | 107 | $6K |
| CENTRAL TRUST Co | 0.00% | Reduce -37.8% | 102 | $5K |
| Boreal Capital Management LLC | 0.01% | New | 100 | $5K |
| Princeton Global Asset Management LLC | 0.00% | No change | 100 | $5K |
| Tompkins Financial Corp. | 0.00% | No change | 100 | $5K |
| Bell Investment Advisors, Inc | 0.00% | Add +11.5% | 87 | $5K |
| YANKCOM Partnership | 0.00% | Reduce -99.2% | 85 | $5K |
| JPL Wealth Management, LLC | 0.00% | New | 84 | $4K |
| Archer Investment Corp | 0.00% | No change | 80 | $4K |
| MPWM Advisory Solutions, LLC | 0.00% | No change | 72 | $4K |
| 2UniFi Bank | 0.00% | No change | 71 | $4K |
| Financial Perspectives, Inc | 0.00% | No change | 61 | $3K |
| Tacita Capital Inc | 0.00% | No change | 60 | $3K |
| Wealth Preservation Advisors, LLC | 0.00% | Reduce -4.8% | 60 | $3K |
| Hanson & Doremus Investment Management | 0.00% | New | 58 | $3K |
| DecisionPoint Financial, LLC | 0.00% | New | 56 | $3K |
| Montag A & Associates Inc. | 0.00% | New | 55 | $3K |
| Trust Co. of Vermont | 0.00% | Reduce -96.5% | 54 | $3K |
| Beaird Harris Wealth Management, LLC | 0.00% | Add +38.5% | 54 | $3K |
| Kings Path Partners LLC | 0.00% | New | 50 | $3K |
| Atlantic Private Wealth, LLC | 0.00% | No change | 48 | $3K |
| Stone House Investment Management, LLC | 0.00% | New | 46 | $2K |
| ESL Trust Services, LLC | 0.00% | New | 42 | $2K |
| Hemington Wealth Management | 0.00% | New | 47 | $2K |
| Private Wealth Asset Management, LLC | 0.00% | No change | 37 | $2K |
| American Capital Advisory, LLC | 0.00% | New | 30 | $2K |
| First Command Advisory Services, Inc. | 0.00% | No change | 30 | $2K |
| St Germain D J Co. Inc. | 0.00% | Reduce -89.5% | 29 | $2K |
| Armstrong Advisory Group, Inc. | 0.00% | No change | 28 | $1K |
| N.E.W. Advisory Services LLC | 0.00% | No change | 26 | $1K |
| Luminist Capital LLC | 0.00% | No change | 25 | $1K |
| Kilter Group LLC | 0.00% | Reduce -4.0% | 24 | $1K |
| Fairman Group, LLC | 0.00% | No change | 22 | $1K |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 0.00% | Reduce -89.4% | 21 | $1K |
| Caitlin John, LLC | 0.00% | New | 20 | $1K |
| NFSG Corp | 0.00% | No change | 20 | $1K |
| Bfsg, LLC | 0.00% | New | 20 | $1K |
| Brown, Lisle/Cummings, Inc. | 0.00% | No change | 19 | $1K |
| Bare Financial Services, Inc | 0.00% | New | 19 | $1K |
| First Pacific Financial | 0.00% | New | 18 | $956 |
| Millstone Evans Group, LLC | 0.00% | No change | 17 | $902 |
| WealthCollab, LLC | 0.00% | No change | 16 | $850 |
| Sunbelt Securities, Inc. | 0.00% | New | 15 | $807 |
| Palisade Asset Management, LLC | 0.00% | New | 15 | $797 |
| SWAN Capital LLC | 0.00% | New | 15 | $796 |
| LRI Investments, LLC | 0.00% | New | 15 | $796 |
| Chapman Financial Group, LLC | 0.00% | No change | 10 | $531 |
| North Star Investment Management Corp. | 0.00% | New | 10 | $531 |
| Imprint Wealth LLC | 0.00% | — | 4 | $212 |
| MJT & Associates Financial Advisory Group, Inc. | 0.00% | No change | 3 | $160 |
"% of holder's portfolio" is BTI's weight in each manager's 13F, not the share of British American Tob-SP ADR the manager owns.