Callaway Golf CompanyCALY

13F holders, Q4 2025 (December 31)
293holders +10
43new positions
37sold out
9famous investors
$11.67avg. 13F price*

At the end of Q4 2025, 293 institutions reported holding Callaway Golf Company (CALY) in their 13F filings, up 10 from Q3 2025. 43 opened new positions and 37 sold out. The largest holders were Providence Equity Partners L.L.C. ($247.1M), BlackRock, Inc. ($238.1M) and Vanguard Group Inc. ($187.5M). 9 famous investors held it, including Paul Tudor Jones (0.0% of Tudor Investment Corporation's portfolio), Lee Ainslie (0.0% of Maverick Capital's portfolio) and Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio).

Company
Callaway Golf Company
Filed as
TOPGOLF CALLAWAY BRANDS CORP (Q4 2025)
CUSIP
131193104
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300400 Q1 2024: 293Q1 2024Q2 2024: 313Q2 2024Q3 2024: 295Q3 2024Q4 2024: 291Q4 2024Q1 2025: 288Q1 2025Q2 2025: 280Q2 2025Q3 2025: 283Q3 2025Q4 2025: 293Q4 2025Q1 2026: 303Q1 2026Q2 2026: 315Q2 2026

Total Exit/New Position Q3 2025 → Q4 2025

InstitutionsTotal Value
New Positions43$79.7M
Exits37$74.5M

All 13F filers, Q3 2025 → Q4 2025: 19,496,662 shares bought and 23,904,758 shares sold, net −4,408,096 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 293 holders

Providence Equity Partners L.L.C. 36.82% No change 21,175,226 $247.1M
BlackRock, Inc. 0.00% Reduce -0.2% 20,402,868 $238.1M
Vanguard Group Inc. 0.00% Add +9.2% 16,062,805 $187.5M
Dimensional Fund Advisors LP 0.02% Add +3.7% 9,213,235 $107.5M
Leonard Green & Partners, L.P. 4.09% No change 9,000,000 $105.0M
Shapiro Capital Management LLC 4.03% Reduce -27.3% 6,542,396 $76.3M
State Street Corp. 0.00% Reduce -2.7% 5,243,669 $61.2M
Morgan Stanley 0.00% Reduce -12.6% 3,352,491 $39.1M
Geode Capital Management, LLC 0.00% Add +5.1% 3,234,253 $37.7M
American Century Companies Inc. 0.02% Add +25.7% 3,091,120 $36.1M
Goldman Sachs Group Inc. 0.01% Add +12.3% 3,019,301 $35.2M
Principal Financial Group Inc. 0.02% Add +336.9% 2,945,332 $34.4M
Charles Schwab Investment Management Inc. 0.00% Reduce -3.5% 2,619,454 $30.6M
Alliancebernstein L.P. 0.01% Reduce -14.2% 2,569,379 $30.0M
Northern Trust Corp. 0.00% Add +0.6% 1,600,965 $18.7M
JPMorgan Chase & Co. 0.00% Add +69.6% 1,537,013 $17.9M
Bwcp, LP 2.91% New 1,501,415 $17.5M
Bridgeway Capital Management, LLC 0.34% Add +3.2% 1,371,030 $16.0M
Jacobs Levy Equity Management, Inc. 0.06% Add +2633.9% 1,229,009 $14.3M
O'Keefe Stevens Advisory, Inc. 3.54% Add +236.6% 1,168,047 $13.6M
Ameriprise Financial Inc. 0.00% Add +274.2% 1,135,593 $13.3M
Voloridge Investment Management, LLC 0.04% Reduce -22.7% 1,055,893 $12.3M
FMR LLC 0.00% Add +23.6% 1,039,890 $12.1M
Invesco Ltd. 0.00% Reduce -32.8% 997,435 $11.6M
Renaissance Technologies 0.02% Add +1349.2% 984,000 $11.5M
Bank of America Corp. 0.00% Reduce -21.6% 982,927 $11.5M
Wellington Management Group LLP 0.00% New 964,380 $11.3M
Bank of New York Mellon Corp 0.00% Reduce -3.5% 882,256 $10.3M
Trexquant Investment LP 0.08% Add +729.0% 752,179 $8.8M
Tudor Investment Corporation 0.05% Add +16.9% 730,008 $8.5M
Millennium Management 0.01% Add +230.0% 719,393 $8.4M
Point72 Asset Management 0.01% New 703,293 $8.2M
Claar Advisors LLC 2.14% Add +0.3% 626,689 $7.3M
SG Americas Securities, LLC 0.01% New 613,575 $7.2M
Invenomic Capital Management LP 0.33% New 586,237 $6.8M
FineMark National Bank & Trust 0.21% Reduce -0.4% 572,008 $6.7M
PDT Partners, LLC 0.38% Reduce -2.8% 500,988 $5.8M
Public Sector Pension Investment Board 0.02% Reduce -11.1% 484,358 $5.7M
UBS Group AG 0.00% Reduce -27.2% 481,827 $5.6M
Nuveen, LLC 0.00% Reduce -38.3% 477,709 $5.6M
Marshall Wace, LLP 0.01% Reduce -91.3% 456,148 $5.3M
AREX Capital Management, LP 15.03% Reduce -14.4% 453,000 $5.3M
Quantedge Capital Pte Ltd 2.50% Add +154.5% 449,200 $5.2M
Grace & White Inc. 0.92% Reduce -16.7% 435,893 $5.1M
Intech Investment Management LLC 0.04% Reduce -10.3% 424,311 $5.0M
Assenagon Asset Management S.A. 0.01% New 397,295 $4.6M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Reduce -2.3% 391,883 $4.6M
Arrowstreet Capital, Limited Partnership 0.00% New 389,045 $4.5M
Brandywine Global Investment Management, LLC 0.03% Reduce -3.5% 361,272 $4.2M
D. E. Shaw & Co. 0.00% Add +216.3% 356,112 $4.2M
Legal & General Group Plc 0.00% Reduce -4.1% 346,516 $4.0M
Neo Ivy Capital Management 0.59% New 322,507 $3.8M
Barclays PLC 0.00% Add +5.5% 310,242 $3.6M
Requisite Capital Management, LLC 0.68% Add +0.4% 308,649 $3.6M
Susquehanna Portfolio Strategies, LLC 0.05% No change 296,279 $3.5M
Harbor Capital Advisors, Inc. 0.26% Add +10.1% 285,346 $3.3M
Swiss National Bank 0.00% Add +1.8% 271,800 $3.2M
Granite Investment Partners, LLC 0.18% New 266,334 $3.1M
LPL Financial LLC 0.00% Add +18.4% 263,744 $3.1M
Maverick Capital 0.03% Reduce -27.4% 258,111 $3.0M
Landscape Capital Management, L.L.C. 0.19% Reduce -52.2% 244,066 $2.8M
Engineers Gate Manager LP 0.03% New 225,251 $2.6M
BNP Paribas Financial Markets 0.00% Add +88.1% 214,177 $2.5M
Pathstone Holdings, LLC 0.01% Add +10.0% 213,240 $2.5M
Prentice Capital Management, LP 3.61% Reduce -39.5% 196,111 $2.3M
Balyasny Asset Management L.P. 0.00% Reduce -92.3% 192,839 $2.3M
Orvieto Partners, L.P. 1.79% No change 185,000 $2.2M
Russell Investments Group, Ltd. 0.00% Add +72.5% 182,360 $2.1M
Caxton Associates LLP 0.04% Reduce -20.2% 181,716 $2.1M
Cygnus Capital Advisors, LLC 1.59% — 179,507 $2.1M
Healthcare of Ontario Pension Plan Trust Fund 0.00% New 178,422 $2.1M
Verition Fund Management LLC 0.01% Add +72.7% 176,641 $2.1M
Edgestream Partners, L.P. 0.06% Add +22.8% 172,042 $2.0M
Wells Fargo & Company 0.00% Add +39.2% 157,940 $1.8M
MML Investors Services, LLC 0.00% Add +5.3% 148,385 $1.7M
Gotham Asset Management 0.01% Add +303.2% 145,643 $1.7M
Inspire Investing, LLC 0.15% Add +200.3% 144,916 $1.7M
New York State Teachers Retirement System 0.00% No change 140,861 $1.6M
Prudential Financial Inc. 0.00% Reduce -6.5% 132,318 $1.5M
T. Rowe Price Associates Inc. 0.00% Add +7.0% 129,732 $1.5M
California State Teachers Retirement System 0.00% Reduce -0.1% 126,947 $1.5M
VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% Add +27.1% 126,700 $1.5M
CANADA LIFE ASSURANCE Co 0.00% Reduce -22.1% 117,113 $1.4M
US Bancorp \de 0.00% Reduce -15.3% 112,083 $1.3M
Boyar Asset Management Inc. 0.80% Reduce -4.2% 108,445 $1.3M
Deutsche Bank AG 0.00% Add +3.9% 107,174 $1.3M
Susquehanna International Group, LLP 0.00% Reduce -0.3% 104,845 $1.2M
Diametric Capital, LP 0.32% New 101,518 $1.2M
Franklin Resources Inc. 0.00% Reduce -0.1% 100,695 $1.2M
Walleye Trading LLC 0.02% Add +2780.5% 99,436 $1.2M
Thrivent Financial for Lutherans 0.00% Reduce -4.7% 96,285 $1.1M
Bridgefront Capital, LLC 0.28% Add +446.4% 94,036 $1.1M
New Age Alpha Advisors, LLC 0.05% New 90,135 $1.1M
Palogic Value Management, L.P. 0.43% Reduce -31.8% 86,000 $1.0M
Illinois Municipal Retirement Fund 0.01% Add +11.1% 85,017 $992K
Hussman Strategic Advisors, Inc. 0.24% New 84,000 $980K
Mitsubishi UFJ Trust & Banking Corp 0.00% Add +3.5% 83,771 $978K
Robertson Stephens Wealth Management, LLC 0.03% No change 83,379 $973K
Prelude Capital Management, LLC 0.07% Add +667.7% 83,297 $972K
State of Alaska, Department of Revenue 0.01% Add +1.8% 80,619 $940K
AQR Capital Management 0.00% Add +45.1% 79,235 $925K
New York State Common Retirement Fund 0.00% Add +84.6% 79,040 $922K
Novem Group 0.10% Reduce -2.5% 77,200 $901K
Ieq Capital, LLC 0.00% New 77,133 $900K
Group One Trading LLC 0.03% Reduce -27.3% 76,764 $896K
Lotus Technology Management, LP 0.47% — 72,578 $847K
MetLife Investment Management, LLC 0.00% Reduce -8.0% 69,448 $810K
Laurion Capital Management LP 0.06% New 68,394 $798K
Quantinno Capital Management LP 0.00% Add +29.0% 67,392 $786K
Cerity Partners LLC 0.00% Add +40.3% 66,237 $773K
Louisiana State Employees Retirement System 0.01% Reduce -0.3% 64,000 $747K
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Reduce -0.0% 61,324 $716K
Manufacturers Life Insurance Company, The 0.00% Reduce -4.2% 60,849 $710K
Jane Street Group, LLC 0.00% Reduce -83.6% 60,303 $704K
Ironwood Investment Management LLC 0.28% Reduce -1.0% 57,011 $665K
Commonwealth Equity Services, LLC 0.00% Reduce -16.3% 54,244 $633K
Janus Henderson Group PLC 0.00% No change 54,095 $632K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% Add +14.1% 49,800 $581K
Creative Planning 0.00% Add +6.0% 48,397 $565K
Yousif Capital Management, LLC 0.01% Reduce -12.0% 38,131 $560K
Bayforest Capital Ltd 0.39% Reduce -30.4% 44,300 $517K
Counterpoint Mutual Funds LLC 0.04% Add +15.7% 42,468 $496K
Public Employees Retirement System of Ohio 0.00% Add +512.1% 41,271 $482K
Handelsbanken Fonder AB 0.00% No change 41,197 $481K
State Board of Administration of Florida Retirement System 0.00% No change 41,097 $480K
Amalgamated Bank 0.00% Add +0.9% 40,359 $471K
Brevan Howard Capital Management LP 0.01% Reduce -34.5% 39,730 $464K
State of Tennessee, Department of Treasury 0.00% Reduce -44.4% 32,221 $462K
Arizona State Retirement System 0.00% Reduce -5.4% 38,570 $450K
Crossmark Global Holdings, Inc. 0.01% No change 37,195 $434K
Police & Firemen's Retirement System of New Jersey 0.00% Reduce -0.6% 36,389 $425K
Kestra Advisory Services, LLC 0.00% Reduce -1.1% 35,833 $418K
Teachers Retirement System of the State of Kentucky 0.00% Reduce -12.0% 35,080 $409K
Prospera Financial Services Inc 0.01% Reduce -6.4% 34,817 $406K
WINTON GROUP Ltd 0.01% New 34,600 $404K
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.00% Reduce -2.8% 34,598 $404K
Amundi 0.00% Add +45.9% 34,318 $400K
AlphaQuest LLC 0.02% Reduce -51.1% 34,217 $399K
Canada Pension Plan Investment Board 0.00% No change 33,100 $386K
Raymond James Financial Inc. 0.00% Reduce -13.8% 32,756 $382K
Citigroup Inc. 0.00% Reduce -36.5% 32,236 $376K
Axq Capital, LP 0.08% New 32,217 $376K
Oregon Public Employees Retirement Fund 0.00% Add +1.3% 31,921 $373K
Lighthouse Investment Partners, LLC 0.01% New 31,912 $372K
Citadel Advisors 0.00% Reduce -94.7% 31,772 $371K
Corient Private Wealth LP 0.00% Add +1.6% 31,720 $370K
KLP Kapitalforvaltning As 0.00% No change 31,700 $370K
Wealth Enhancement Advisory Services, LLC 0.00% Add +2.5% 27,377 $361K
Comerica Bank 0.00% Reduce -20.1% 30,435 $355K
Insight Wealth Partners, LLC 0.15% New 30,165 $352K
HighTower Advisors, LLC 0.00% Add +23.7% 28,959 $338K
Two Sigma Advisers, LP 0.00% Add +44.5% 28,900 $337K
Osaic Holdings, Inc. 0.00% Add +14.1% 28,128 $328K
DNB Asset Management AS 0.00% New 26,416 $308K
Sterneck Capital Management, LLC 0.14% Reduce -5.5% 26,155 $305K
ProShare Advisors LLC 0.00% Add +3.0% 25,762 $301K
Wealthfront Advisers LLC 0.00% Reduce -2.6% 24,943 $291K
Voya Investment Management LLC 0.00% Reduce -1.8% 24,184 $282K
Royal Bank of Canada 0.00% Reduce -96.6% 22,824 $267K
CIBC Private Wealth Group LLC 0.00% Add +56.4% 22,835 $266K
Augustine Asset Management Inc. 0.05% Add +1.0% 22,053 $257K
Rathbones Group PLC 0.00% Reduce -0.1% 21,618 $252K
STRS Ohio 0.00% Add +3500.0% 21,600 $252K
Y-Intercept (Hong Kong) Ltd 0.01% New 21,569 $252K
Syon Capital LLC 0.01% No change 21,272 $248K
Maryland State Retirement & Pension System 0.00% Add +1.3% 20,359 $238K
Cetera Investment Advisers 0.00% Add +17.0% 20,035 $234K
Victory Capital Management Inc. 0.00% Add +1.5% 19,262 $225K
Pictet Asset Management Holding SA 0.00% No change 18,982 $222K
Bailard, Inc. 0.00% New 18,500 $216K
Atria Investments, Inc 0.00% Add +6.9% 17,588 $205K
HSBC Holdings PLC 0.00% Reduce -57.9% 17,229 $202K
State of Wisconsin Investment Board 0.00% Add +32.3% 16,473 $192K
Envestnet Asset Management Inc. 0.00% New 16,180 $189K
Sei Investments Co. 0.00% Reduce -52.8% 16,152 $189K
Mutual of America Capital Management LLC 0.00% Add +2.0% 15,973 $186K
Neuberger Berman Group LLC 0.00% Add +6.4% 15,777 $184K
Pine Valley Investments Ltd Liability Co 0.01% No change 15,455 $180K
Public Employees Retirement Association of Colorado 0.00% No change 14,373 $168K
GM Advisory Group, LLC 0.01% Reduce -87.5% 14,305 $167K
TrueWealth Advisors, LLC 0.04% Reduce -29.6% 13,950 $163K
Clearstead Advisors, LLC 0.00% Reduce -52.5% 13,156 $154K
Ensign Peak Advisors, Inc 0.00% Reduce -70.3% 12,615 $147K
Tannin Capital LLC 0.13% — 12,240 $143K
Aquatic Capital Management LLC 0.00% Reduce -82.8% 12,020 $140K
CIBC Asset Management Inc 0.00% Reduce -21.6% 11,882 $139K
Squarepoint Ops LLC 0.00% Reduce -95.9% 11,843 $138K
Xponance LLC 0.00% Add +0.4% 11,271 $132K
TAGStone Capital, Inc. 0.05% No change 13,608 $129K
Ameritas Investment Partners, Inc. 0.00% No change 11,033 $129K
Pure Financial Advisors, LLC 0.00% No change 10,870 $127K
Innealta Capital, LLC 0.07% No change 10,687 $125K
Altfest L J & Co. Inc. 0.01% New 10,530 $123K
Occudo Quantitative Strategies LP 0.01% Reduce -20.1% 10,288 $120K
Nisa Investment Advisors, LLC 0.00% Reduce -8.3% 10,150 $118K
Bank of Montreal 0.00% Reduce -11.0% 10,040 $117K
Profund Advisors LLC 0.00% New 10,007 $117K
LSV Asset Management 0.00% No change 9,900 $116K
Tower Research Capital LLC (TRC) 0.00% Add +15.9% 9,530 $111K
PNC Financial Services Group, Inc. 0.00% Add +13.6% 8,989 $105K
GAMMA Investing LLC 0.00% Add +41.4% 7,800 $91K
Sterling Capital Management LLC 0.00% Reduce -15.9% 7,694 $90K
Versant Capital Management, Inc 0.01% No change 7,489 $87K
C M Bidwell & Associates Ltd. 0.04% New 6,860 $80K
NewEdge Advisors, LLC 0.00% Add +18.2% 6,414 $75K
Northwestern Mutual Wealth Management Co. 0.00% Reduce -8.2% 5,844 $68K
Adkins Seale Capital Management LLC 0.07% — 5,832 $68K
Smartleaf Asset Management LLC 0.00% Add +44.0% 5,605 $67K
Cwm, LLC 0.00% Add +12.0% 5,762 $67K
Kemnay Advisory Services Inc. 0.01% New 5,532 $65K
Quadrant Capital Group LLC 0.00% No change 5,487 $64K
State of Wyoming 0.01% New 5,280 $62K
Assetmark, Inc. 0.00% Add +14425.7% 5,084 $59K
KBC Group NV 0.00% No change 4,744 $55K
JFS Wealth Advisors, LLC 0.00% No change 4,514 $53K
Nomura Asset Management Co. Ltd. 0.00% No change 4,400 $51K
Pinnacle Wealth Planning Services, Inc. 0.00% New 3,860 $45K
Ancora Advisors LLC 0.00% No change 3,700 $43K
Signaturefd, LLC 0.00% No change 3,078 $36K
Mountain Hill Investment Partners Corp. 0.03% No change 3,000 $35K
Farther Finance Advisors, LLC 0.00% Add +79.6% 2,710 $32K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% Add +40.4% 2,222 $26K
Bessemer Group Inc. 0.00% Add +14.0% 2,128 $25K
Jones Financial Companies LLLP 0.00% Add +0.7% 1,989 $23K
Los Angeles Capital Management LLC 0.00% New 2,290 $21K
Global Retirement Partners, LLC 0.00% Reduce -11.8% 1,718 $20K
Salomon & Ludwin, LLC 0.00% Add +168.9% 1,471 $19K
SWAN Capital LLC 0.01% No change 1,608 $19K
EverSource Wealth Advisors, LLC 0.00% Add +68.1% 1,572 $18K
Arax Advisory Partners 0.00% Reduce -78.5% 1,123 $13K
Lanark Financial, Inc. 0.00% No change 1,097 $13K
Triumph Capital Management 0.00% New 1,044 $12K
Larson Financial Group LLC 0.00% Add +0.6% 1,033 $12K
Covestor Ltd 0.01% No change 997 $12K
Fifth Third Bancorp 0.00% Reduce -0.3% 995 $12K
UMB Bank, n.a. 0.00% Add +19.6% 994 $12K
PEAK6 LLC 0.00% New 957 $11K
IFC & Insurance Marketing, Inc. 0.01% — 900 $11K
Torren Management, LLC 0.01% — 834 $10K
Rockefeller Capital Management L.P. 0.00% Reduce -85.0% 727 $8K
Federation des caisses Desjardins du Quebec 0.00% Reduce -77.4% 609 $7K
Essential Partners LLC 0.00% Add +3650.0% 600 $7K
International Assets Investment Management, LLC 0.00% New 564 $7K
MassMutual Private Wealth & Trust, FSB 0.00% Add +980.4% 551 $6K
Geneos Wealth Management Inc. 0.00% No change 508 $6K
Truvestments Capital LLC 0.00% No change 500 $6K
Mitsubishi UFJ Asset Management Co., Ltd. 0.00% No change 497 $6K
Parallel Advisors, LLC 0.00% Reduce -28.6% 474 $6K
Allworth Financial LP 0.00% Reduce -9.1% 389 $5K
Rothschild Investment LLC 0.00% Add +12.7% 355 $4K
Leonteq Securities AG 0.00% No change 311 $4K
Tidemark, LLC 0.00% No change 308 $4K
Sachetta, LLC 0.00% No change 300 $4K
Sound Income Strategies, LLC 0.00% New 212 $3K
Hantz Financial Services, Inc. 0.00% Reduce -66.5% 263 $3K
Parkside Financial Bank & Trust 0.00% No change 232 $3K
Harbour Investments, Inc. 0.00% No change 201 $2K
Colonial Trust Advisors 0.00% No change 200 $2K
St Germain D J Co. Inc. 0.00% No change 200 $2K
Cedar Mountain Advisors, LLC 0.00% No change 195 $2K
North Star Investment Management Corp. 0.00% No change 150 $2K
True Wealth Design, LLC 0.00% Add +211.6% 134 $2K
Abound Financial, LLC 0.00% New 115 $1K
MAI Capital Management 0.00% No change 100 $1K
Avion Wealth 0.00% No change 100 $1K
Capital Advisors, Ltd. LLC 0.00% No change 63 $1K
TrinityBridge Ltd 0.00% No change 99 $1K
SBI Securities Co., Ltd. 0.00% Reduce -57.8% 73 $852
Friedenthal Financial 0.00% No change 60 $701
Ankerstar Wealth, LLC 0.00% — 55 $642
Farmers & Merchants Investments Inc. 0.00% No change 53 $619
St. Johns Investment Management Company, LLC 0.00% No change 50 $584
Vermillion & White Wealth Management Group, LLC 0.00% No change 50 $583
Financial Consulate, Inc. 0.00% Add +33.3% 40 $467
IFP Advisors, Inc 0.00% Add +37.0% 37 $432
Elequin Capital, LP 0.00% New 36 $420
Darwin Wealth Management, LLC 0.00% New 34 $396
CoreCap Advisors, LLC 0.00% No change 33 $385
Pacific Center for Financial Services 0.00% No change 35 $333
SageView Advisory Group, LLC 0.00% New 28 $327
Copia Wealth Management 0.00% No change 20 $233
JNBA Financial Advisors 0.00% New 19 $222
Gilpin Wealth Management, LLC 0.00% — 16 $187
Abound Wealth Management 0.00% No change 16 $187
Flagship Harbor Advisors, LLC 0.00% New 14 $163
Laurel Wealth Advisors LLC 0.00% New 9 $106
Root Financial Partners, LLC 0.00% No change 6 $70
Strive Financial Group ,LLC 0.00% — 5 $58
Annis Gardner Whiting Capital Advisors, LLC 0.00% No change 3 $36
Dunhill Financial, LLC 0.00% New 2 $24
Huntington National Bank 0.00% No change 1 $12
AdvisorNet Financial, Inc 0.00% No change 1 $12
Walleye Capital LLC 0.00% Reduce -100.0% 1 $12

"% of holder's portfolio" is CALY's weight in each manager's 13F, not the share of Callaway Golf Company the manager owns.