DauchDCH
13F holders, Q1 2025 (March 31)248holders +15
43new positions
29sold out
8famous investors
$4.07avg. 13F price*
At the end of Q1 2025, 248 institutions reported holding Dauch Corporation (DCH) in their 13F filings, up 15 from Q4 2024. 43 opened new positions and 29 sold out. The largest holders were BlackRock, Inc. ($76.1M), Vanguard Group Inc. ($54.3M) and Dimensional Fund Advisors LP ($29.0M). 8 famous investors held it, including Bill Miller (1.8% of Miller Value Partners's portfolio), Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).
- Company
- Dauch Corporation
- Filed as
- AMERICAN AXLE & MFG HLDGS IN (Q1 2025)
- CUSIP
- 024061103
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 43 | $11.1M |
| Exits | 29 | $8.9M |
All 13F filers, Q4 2024 → Q1 2025: 18,081,566 shares bought and 9,834,635 shares sold, net +8,246,931 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 248 holders
| BlackRock, Inc. | 0.00% | Reduce -1.9% | 18,687,027 | $76.1M |
| Vanguard Group Inc. | 0.00% | Reduce -15.0% | 13,351,052 | $54.3M |
| Dimensional Fund Advisors LP | 0.01% | Reduce -5.9% | 7,135,102 | $29.0M |
| Barrow Hanley Mewhinney & Strauss LLC | 0.08% | Add +1.3% | 5,653,200 | $23.0M |
| State Street Corp. | 0.00% | Reduce -3.5% | 4,630,414 | $18.8M |
| Whitebox Advisors LLC | 1.56% | Add +140.5% | 4,551,194 | $18.5M |
| American Century Companies Inc. | 0.01% | Add +11.1% | 4,283,580 | $17.4M |
| Fuller & Thaler Asset Management, Inc. | 0.05% | Add +1.4% | 3,286,516 | $13.4M |
| Morgan Stanley | 0.00% | Add +36.5% | 2,871,896 | $11.7M |
| Geode Capital Management, LLC | 0.00% | Add +4.1% | 2,728,483 | $11.1M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +20.1% | 2,649,397 | $10.8M |
| Invesco Ltd. | 0.00% | Add +19.0% | 2,274,422 | $9.3M |
| Sequoia Financial Advisors, LLC | 0.07% | Add +17.6% | 2,250,455 | $9.2M |
| HITE Hedge Asset Management LLC | 0.49% | Add +465.1% | 1,944,668 | $7.9M |
| Towle & Co. | 1.60% | Reduce -20.4% | 1,795,058 | $7.3M |
| Millennium Management | 0.01% | Add +59.7% | 1,550,521 | $6.3M |
| Goldman Sachs Group Inc. | 0.00% | Add +24.4% | 1,490,388 | $6.1M |
| Jacobs Levy Equity Management, Inc. | 0.02% | Reduce -38.5% | 1,443,785 | $5.9M |
| Renaissance Technologies | 0.01% | Reduce -9.5% | 1,343,899 | $5.5M |
| Bridgeway Capital Management, LLC | 0.14% | Reduce -18.4% | 1,340,386 | $5.5M |
| Northern Trust Corp. | 0.00% | Reduce -6.0% | 1,192,768 | $4.9M |
| Trexquant Investment LP | 0.05% | Add +23.4% | 1,081,508 | $4.4M |
| Dana Investment Advisors, Inc. | 0.16% | Reduce -2.5% | 1,070,058 | $4.4M |
| Algert Global LLC | 0.11% | Reduce -5.9% | 1,062,923 | $4.3M |
| Miller Value Partners | 1.85% | Add +88.0% | 995,690 | $4.1M |
| JB Capital Partners LP | 0.82% | Add +622.6% | 957,500 | $3.9M |
| Qube Research & Technologies Ltd | 0.01% | Add +10.1% | 875,658 | $3.6M |
| Verition Fund Management LLC | 0.02% | Add +866.5% | 870,227 | $3.5M |
| Bank of America Corp. | 0.00% | Add +142.3% | 862,107 | $3.5M |
| Citadel Advisors | 0.00% | Add +51.2% | 836,903 | $3.4M |
| Marshall Wace, LLP | 0.00% | Reduce -35.6% | 802,461 | $3.3M |
| Bank of New York Mellon Corp | 0.00% | Reduce -5.8% | 764,580 | $3.1M |
| Squarepoint Ops LLC | 0.01% | Add +44.7% | 734,043 | $3.0M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.01% | Reduce -0.9% | 669,137 | $2.7M |
| Lombard Odier Asset Management (USA) Corp | 1.02% | Add +15.7% | 600,200 | $2.4M |
| Allianz Asset Management GmbH | 0.00% | Add +9.1% | 600,200 | $2.4M |
| FMR LLC | 0.00% | Add +32.6% | 595,108 | $2.4M |
| Principal Financial Group Inc. | 0.00% | Add +2.7% | 585,408 | $2.4M |
| Empowered Funds, LLC | 0.03% | Add +3.0% | 567,790 | $2.3M |
| Balyasny Asset Management L.P. | 0.01% | Add +97.5% | 562,806 | $2.3M |
| LSV Asset Management | 0.01% | Reduce -27.3% | 561,300 | $2.3M |
| Susquehanna Fundamental Investments, LLC | 0.04% | Add +3647.5% | 522,369 | $2.1M |
| Jane Street Group, LLC | 0.00% | Add +23.1% | 521,153 | $2.1M |
| Russell Investments Group, Ltd. | 0.00% | Add +432.7% | 517,981 | $2.1M |
| Mariner, LLC | 0.00% | Add +0.3% | 506,040 | $2.1M |
| Prudential Financial Inc. | 0.00% | Add +312.5% | 501,104 | $2.0M |
| Lonestar Capital Management LLC | 2.53% | Reduce -25.1% | 500,000 | $2.0M |
| Boussard & Gavaudan Investment Management LLP | 0.64% | New | 505,142 | $2.0M |
| Ameriprise Financial Inc. | 0.00% | Reduce -4.9% | 484,544 | $2.0M |
| Man Group plc | 0.01% | Add +1891.3% | 481,401 | $2.0M |
| Alliancebernstein L.P. | 0.00% | Reduce -11.4% | 478,575 | $1.9M |
| AQR Capital Management | 0.00% | Add +2.8% | 452,658 | $1.8M |
| Engineers Gate Manager LP | 0.03% | Add +2.2% | 411,139 | $1.7M |
| Nomura Holdings Inc. | 0.01% | New | 400,300 | $1.6M |
| Susquehanna International Group, LLP | 0.00% | Add +97.5% | 394,632 | $1.6M |
| Public Sector Pension Investment Board | 0.01% | Add +26.6% | 372,887 | $1.5M |
| Mitsubishi UFJ Trust & Banking Corp | 0.00% | Add +66.5% | 371,006 | $1.5M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Add +1.2% | 360,763 | $1.5M |
| Rhumbline Advisers | 0.00% | Reduce -5.1% | 341,418 | $1.4M |
| UBS Group AG | 0.00% | Reduce -19.9% | 338,726 | $1.4M |
| Legal & General Group Plc | 0.00% | Reduce -1.8% | 315,073 | $1.3M |
| Franklin Resources Inc. | 0.00% | Add +2.8% | 312,351 | $1.3M |
| Nuveen, LLC | 0.00% | — | 308,972 | $1.3M |
| Thrivent Financial for Lutherans | 0.00% | Reduce -1.5% | 294,908 | $1.2M |
| Voya Investment Management LLC | 0.00% | Add +128.4% | 290,241 | $1.2M |
| Arrowstreet Capital, Limited Partnership | 0.00% | Add +238.6% | 262,599 | $1.1M |
| Nebula Research & Development LLC | 0.10% | Add +87.5% | 254,717 | $1.0M |
| Federated Hermes, Inc. | 0.00% | No change | 239,015 | $973K |
| Swiss National Bank | 0.00% | No change | 230,700 | $939K |
| Exchange Traded Concepts, LLC | 0.02% | New | 218,597 | $890K |
| Readystate Asset Management LP | 0.08% | Add +178.9% | 210,940 | $859K |
| Quantessence Capital LLC | 0.21% | New | 210,700 | $858K |
| Citigroup Inc. | 0.00% | Add +10.3% | 201,245 | $819K |
| PSquared Asset Management AG | 0.56% | New | 184,825 | $752K |
| Intech Investment Management LLC | 0.01% | Add +104.2% | 168,043 | $684K |
| CANADA LIFE ASSURANCE Co | 0.00% | Add +42.1% | 167,472 | $682K |
| Barclays PLC | 0.00% | Reduce -33.7% | 167,065 | $680K |
| Invst, LLC | 0.09% | New | 164,225 | $668K |
| Landscape Capital Management, L.L.C. | 0.05% | New | 150,727 | $613K |
| Brevan Howard Capital Management LP | 0.02% | Reduce -7.3% | 147,917 | $602K |
| Mutual Advisors, LLC | 0.02% | Reduce -0.0% | 160,631 | $599K |
| D. E. Shaw & Co. | 0.00% | Reduce -9.3% | 142,960 | $582K |
| Eisler Capital Management Ltd. | 0.02% | New | 140,000 | $571K |
| Group One Trading LLC | 0.02% | Add +27.3% | 135,563 | $552K |
| New York State Teachers Retirement System | 0.00% | No change | 127,799 | $520K |
| Creative Planning | 0.00% | Add +931.6% | 124,524 | $507K |
| State of Tennessee, Department of Treasury | 0.00% | No change | 123,755 | $504K |
| Alberta Investment Management Corp | 0.00% | No change | 116,600 | $475K |
| Focus Partners Wealth | 0.00% | Add +0.1% | 115,968 | $472K |
| JPMorgan Chase & Co. | 0.00% | Reduce -85.3% | 115,632 | $471K |
| SummerHaven Investment Management, LLC | 0.33% | Add +2.5% | 114,790 | $467K |
| Two Sigma Advisers, LP | 0.00% | Reduce -0.2% | 113,850 | $463K |
| BNP Paribas Financial Markets | 0.00% | Add +135.7% | 112,461 | $458K |
| Public Employees Retirement System of Ohio | 0.00% | Reduce -21.4% | 111,477 | $454K |
| California State Teachers Retirement System | 0.00% | No change | 109,958 | $448K |
| Connor, Clark & Lunn Investment Management Ltd. | 0.00% | Add +10.7% | 107,956 | $439K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Add +4.3% | 102,936 | $424K |
| Two Sigma Investments, LP | 0.00% | Reduce -45.7% | 100,346 | $408K |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | New | 93,953 | $382K |
| Macquarie Group Ltd. | 0.00% | No change | 93,200 | $379K |
| Sei Investments Co. | 0.00% | Add +41.9% | 92,521 | $377K |
| Point72 Asset Management | 0.00% | New | 92,398 | $376K |
| Sowell Financial Services LLC | 0.02% | New | 90,175 | $367K |
| Jump Financial, LLC | 0.01% | Add +32.6% | 88,844 | $362K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | Reduce -3.0% | 87,112 | $355K |
| Deutsche Bank AG | 0.00% | Reduce -10.8% | 85,275 | $347K |
| Inspire Investing, LLC | 0.04% | Add +23.6% | 83,966 | $342K |
| State of Wisconsin Investment Board | 0.00% | Reduce -76.4% | 80,521 | $328K |
| Wells Fargo & Company | 0.00% | Add +2.0% | 76,611 | $312K |
| Freestone Grove Partners LP | 0.00% | Add +78.9% | 75,120 | $306K |
| STRS Ohio | 0.00% | Reduce -8.7% | 74,400 | $303K |
| Sterling Capital Management LLC | 0.00% | Add +1862.9% | 72,274 | $294K |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.00% | — | 69,300 | $282K |
| Aquatic Capital Management LLC | 0.01% | Reduce -24.2% | 67,143 | $273K |
| Illinois Municipal Retirement Fund | 0.00% | Add +7.6% | 65,904 | $268K |
| Amundi | 0.00% | Reduce -17.4% | 75,125 | $268K |
| Ensign Peak Advisors, Inc | 0.00% | No change | 65,782 | $268K |
| State of Alaska, Department of Revenue | 0.00% | Reduce -2.5% | 65,151 | $265K |
| Gotham Asset Management | 0.00% | Reduce -9.8% | 63,413 | $258K |
| State of Wyoming | 0.03% | Add +271.9% | 63,372 | $258K |
| Comerica Bank | 0.00% | Add +0.9% | 62,682 | $255K |
| Royal Bank of Canada | 0.00% | Add +98.9% | 60,425 | $246K |
| Corebridge Financial, Inc. | 0.00% | Reduce -1.9% | 60,122 | $245K |
| MetLife Investment Management, LLC | 0.00% | Reduce -9.5% | 58,900 | $240K |
| Louisiana State Employees Retirement System | 0.00% | Reduce -2.5% | 55,400 | $225K |
| Bayesian Capital Management, LP | 0.03% | New | 51,000 | $208K |
| Janus Henderson Group PLC | 0.00% | No change | 49,774 | $206K |
| T. Rowe Price Associates Inc. | 0.00% | Add +9.1% | 49,961 | $204K |
| Dynamic Technology Lab Private Ltd | 0.03% | Reduce -75.7% | 49,965 | $203K |
| Los Angeles Capital Management LLC | 0.00% | New | 49,426 | $201K |
| US Bancorp \de | 0.00% | Reduce -18.9% | 45,640 | $186K |
| SG Americas Securities, LLC | 0.00% | Add +76.1% | 45,139 | $184K |
| Yousif Capital Management, LLC | 0.00% | Reduce -0.3% | 44,937 | $183K |
| State Board of Administration of Florida Retirement System | 0.00% | Reduce -17.6% | 44,048 | $179K |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -0.2% | 40,531 | $165K |
| Syon Capital LLC | 0.01% | New | 39,937 | $163K |
| Shell Asset Management Co. | 0.01% | Reduce -4.1% | 38,576 | $157K |
| Oxford Asset Management LLP | 0.07% | Add +194.3% | 38,545 | $157K |
| Central Pacific Bank - Trust Division | 0.02% | No change | 38,162 | $155K |
| Teachers Retirement System of the State of Kentucky | 0.00% | No change | 36,416 | $149K |
| Raymond James Financial Inc. | 0.00% | Add +15.3% | 36,132 | $147K |
| Maryland State Retirement & Pension System | 0.00% | Reduce -11.1% | 35,298 | $144K |
| HighTower Advisors, LLC | 0.00% | New | 33,921 | $138K |
| Sherbrooke Park Advisers LLC | 0.06% | New | 33,742 | $137K |
| Arizona State Retirement System | 0.00% | Reduce -1.2% | 33,728 | $137K |
| Amalgamated Bank | 0.00% | Reduce -2.7% | 33,397 | $136K |
| HSBC Holdings PLC | 0.00% | Add +6.2% | 32,670 | $132K |
| Bank of Montreal | 0.00% | Add +56.6% | 31,850 | $130K |
| Caption Management, LLC | 0.01% | New | 31,500 | $128K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 31,332 | $128K |
| Quantinno Capital Management LP | 0.00% | Add +127.2% | 31,262 | $127K |
| Choreo, LLC | 0.00% | Reduce -0.7% | 29,106 | $118K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.00% | Add +12.1% | 28,138 | $115K |
| ProShare Advisors LLC | 0.00% | Reduce -21.8% | 27,123 | $110K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | No change | 26,988 | $110K |
| Oregon Public Employees Retirement Fund | 0.00% | Reduce -2.5% | 26,947 | $110K |
| Hancock Whitney Corp. | 0.00% | Add +23.8% | 26,603 | $108K |
| Cetera Investment Advisers | 0.00% | Add +50.9% | 26,577 | $108K |
| Dark Forest Capital Management LP | 0.00% | New | 26,163 | $106K |
| Cibc World Markets Corp. | 0.00% | Add +137.1% | 25,511 | $104K |
| Nisa Investment Advisors, LLC | 0.00% | Add +8.2% | 25,042 | $102K |
| Walleye Trading LLC | 0.00% | Add +36.4% | 23,652 | $96K |
| New York State Common Retirement Fund | 0.00% | No change | 23,263 | $95K |
| EMC Capital Management | 0.06% | No change | 23,005 | $94K |
| Guggenheim Capital LLC | 0.00% | Reduce -10.3% | 22,911 | $93K |
| Victory Capital Management Inc. | 0.00% | Reduce -3.0% | 21,950 | $89K |
| EP Wealth Advisors, LLC | 0.00% | New | 21,470 | $87K |
| KLP Kapitalforvaltning As | 0.00% | No change | 20,900 | $85K |
| Wolverine Trading, LLC | 0.00% | New | 20,640 | $85K |
| Schonfeld Strategic Advisors LLC | 0.00% | Reduce -24.6% | 20,210 | $82K |
| Center for Financial Planning, Inc. | 0.01% | New | 20,000 | $81K |
| Blueshift Asset Management, LLC | 0.03% | New | 19,874 | $81K |
| QRG Capital Management, Inc. | 0.00% | Add +38.6% | 18,742 | $76K |
| Susquehanna Portfolio Strategies, LLC | 0.03% | New | 18,700 | $76K |
| Cerity Partners LLC | 0.00% | New | 17,725 | $72K |
| Mutual of America Capital Management LLC | 0.00% | Reduce -3.9% | 17,122 | $70K |
| Teacher Retirement System of Texas | 0.00% | Reduce -95.8% | 16,827 | $68K |
| Walleye Capital LLC | 0.00% | New | 15,815 | $64K |
| Two Sigma Securities, LLC | 0.01% | New | 15,308 | $62K |
| Ascentis Independent Advisors | 0.01% | New | 15,012 | $61K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 14,966 | $61K |
| 111 Capital | 0.01% | Add +29.1% | 14,767 | $60K |
| Campbell & CO Investment Adviser LLC | 0.00% | New | 14,654 | $60K |
| Pictet Asset Management Holding SA | 0.00% | No change | 13,892 | $57K |
| Gsa Capital Partners LLP | 0.01% | Reduce -83.0% | 13,557 | $55K |
| Ethic Inc. | 0.00% | Add +34.5% | 13,693 | $54K |
| Centiva Capital, LP | 0.00% | New | 12,700 | $52K |
| Quadrature Capital Ltd | 0.00% | Reduce -57.3% | 12,032 | $49K |
| Williams & Novak, LLC | 0.05% | New | 12,150 | $48K |
| Ameritas Investment Partners, Inc. | 0.00% | No change | 11,349 | $46K |
| CIBC Asset Management Inc | 0.00% | Reduce -3.4% | 11,349 | $46K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -5.5% | 8,339 | $34K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -53.0% | 5,633 | $23K |
| Torno Capital, LLC | 0.02% | Reduce -16.7% | 5,000 | $20K |
| Coldstream Capital Management Inc. | 0.00% | New | 4,647 | $19K |
| Versant Capital Management, Inc | 0.00% | Add +61.2% | 3,532 | $14K |
| Nomura Asset Management Co. Ltd. | 0.00% | No change | 2,900 | $12K |
| Clearstead Advisors, LLC | 0.00% | New | 2,300 | $9K |
| Cwm, LLC | 0.00% | Reduce -33.4% | 2,161 | $9K |
| Harbor Capital Advisors, Inc. | 0.00% | Add +52.6% | 2,017 | $8K |
| Global X Japan Co., Ltd. | 0.00% | Add +16.3% | 1,865 | $8K |
| Simplex Trading, LLC | 0.00% | New | 1,868 | $7K |
| Ancora Advisors LLC | 0.00% | Reduce -23.4% | 1,678 | $7K |
| Smartleaf Asset Management LLC | 0.00% | Reduce -23.4% | 1,616 | $7K |
| Founders Capital Management | 0.00% | No change | 1,600 | $7K |
| Osaic Holdings, Inc. | 0.00% | Reduce -87.7% | 1,512 | $6K |
| Financial Gravity Asset Management, Inc. | 0.00% | — | 1,500 | $6K |
| Stonebridge Financial Group, LLC | 0.00% | No change | 1,275 | $5K |
| Parallel Advisors, LLC | 0.00% | New | 1,155 | $5K |
| UMB Bank, n.a. | 0.00% | Add +2408.7% | 1,154 | $5K |
| Blue Trust, Inc. | 0.00% | Add +108.2% | 1,091 | $4K |
| Quadrant Capital Group LLC | 0.00% | Add +102.2% | 1,031 | $4K |
| Investors Research Corp | 0.00% | No change | 1,000 | $4K |
| McIlrath & Eck, LLC | 0.00% | No change | 994 | $4K |
| Fifth Third Bancorp | 0.00% | Reduce -5.1% | 817 | $3K |
| Lindbrook Capital, LLC | 0.00% | Add +69.7% | 757 | $3K |
| Signaturefd, LLC | 0.00% | Reduce -83.2% | 754 | $3K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Add +696.1% | 613 | $2K |
| GAMMA Investing LLC | 0.00% | Reduce -83.8% | 557 | $2K |
| Optiver Holding B.V. | 0.00% | No change | 548 | $2K |
| CKW Financial Group | 0.00% | No change | 500 | $2K |
| Private Trust Co. NA | 0.00% | No change | 447 | $2K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +2957.1% | 428 | $2K |
| Brooklyn Investment Group | 0.00% | Add +14000.0% | 423 | $2K |
| LRI Investments, LLC | 0.00% | No change | 414 | $2K |
| Rise Advisors, LLC | 0.00% | New | 285 | $1K |
| Plante Moran Financial Advisors, LLC | 0.00% | No change | 250 | $1K |
| CoreCap Advisors, LLC | 0.00% | Add +108.5% | 171 | $696 |
| SVB Wealth LLC | 0.00% | New | 153 | $623 |
| Principal Securities, Inc. | 0.00% | No change | 85 | $496 |
| Bell Investment Advisors, Inc | 0.00% | New | 114 | $464 |
| Truvestments Capital LLC | 0.00% | New | 100 | $407 |
| Allworth Financial LP | 0.00% | Add +5.4% | 98 | $363 |
| Caitong International Asset Management Co., Ltd | 0.00% | New | 87 | $354 |
| Stephens Consulting, LLC | 0.00% | New | 85 | $346 |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 85 | $346 |
| Parkside Financial Bank & Trust | 0.00% | Add +286.4% | 85 | $346 |
| True Wealth Design, LLC | 0.00% | New | 59 | $241 |
| WealthTrak Capital Management LLC | 0.00% | New | 55 | $224 |
| Rothschild Investment LLC | 0.00% | Reduce -78.8% | 55 | $224 |
| Huntington National Bank | 0.00% | Add +4500.0% | 46 | $187 |
| Northwestern Mutual Wealth Management Co. | 0.00% | No change | 45 | $183 |
| Farther Finance Advisors, LLC | 0.00% | No change | 46 | $180 |
| IFP Advisors, Inc | 0.00% | No change | 39 | $159 |
| Larson Financial Group LLC | 0.00% | No change | 26 | $106 |
| SBI Securities Co., Ltd. | 0.00% | New | 1 | $4 |
| Bessemer Group Inc. | 0.00% | Reduce -57.8% | 78 | $0 |
| Covestor Ltd | 0.00% | No change | 10 | $0 |
"% of holder's portfolio" is DCH's weight in each manager's 13F, not the share of Dauch Corporation the manager owns.