FIVE9FIVN

13F holders, Q4 2025 (December 31)
289holders −20
47new positions
66sold out
7famous investors
$20.08avg. 13F price*

At the end of Q4 2025, 289 institutions reported holding FIVE9 Inc. (FIVN) in their 13F filings, down 20 from Q3 2025. 47 opened new positions and 66 sold out. The largest holders were Vanguard Group Inc. ($201.2M), BlackRock, Inc. ($147.7M) and Pictet Asset Management Holding SA ($120.4M). 7 famous investors held it, including Paul Tudor Jones (0.1% of Tudor Investment Corporation's portfolio), Ray Dalio (0.0% of Bridgewater Associates's portfolio) and Steve Cohen (0.0% of Point72 Asset Management's portfolio).

Company
FIVE9 Inc.
CUSIP
338307101
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300400 Q1 2024: 309Q1 2024Q2 2024: 297Q2 2024Q3 2024: 271Q3 2024Q4 2024: 296Q4 2024Q1 2025: 307Q1 2025Q2 2025: 295Q2 2025Q3 2025: 309Q3 2025Q4 2025: 289Q4 2025Q1 2026: 292Q1 2026Q2 2026: 292Q2 2026

Total Exit/New Position Q3 2025 → Q4 2025

InstitutionsTotal Value
New Positions47$41.4M
Exits66$172.2M

All 13F filers, Q3 2025 → Q4 2025: 11,002,202 shares bought and 16,845,977 shares sold, net −5,843,775 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 289 holders

Vanguard Group Inc. 0.00% Add +8.2% 10,037,395 $201.2M
BlackRock, Inc. 0.00% Add +4.5% 7,366,669 $147.7M
Pictet Asset Management Holding SA 0.12% Reduce 0.0% 6,005,184 $120.4M
Voss Capital, LP 6.29% Add +29.6% 5,895,000 $118.2M
Van Berkom & Associates Inc. 2.08% Add +28.0% 3,596,380 $72.1M
FIL Ltd 0.04% Reduce -0.2% 2,616,040 $52.5M
State Street Corp. 0.00% Add +1.8% 2,000,099 $40.1M
Armistice Capital, LLC 0.98% No change 2,000,000 $40.1M
Geode Capital Management, LLC 0.00% Add +1.9% 1,996,382 $40.0M
Ameriprise Financial Inc. 0.01% Add +14.5% 1,735,229 $34.8M
First Trust Advisors LP 0.02% Add +29.4% 1,572,466 $31.5M
Anson Funds Management LP 4.36% Add +0.3% 1,539,371 $30.9M
Goldman Sachs Group Inc. 0.00% Add +43.9% 1,226,253 $24.6M
Jane Street Group, LLC 0.03% Add +47.1% 1,041,080 $20.9M
Federated Hermes, Inc. 0.03% Add +13.2% 954,686 $19.1M
UBS Group AG 0.00% Reduce -13.3% 926,360 $18.6M
Loomis Sayles & Co. L P 0.02% Add +1.9% 914,868 $18.3M
Bank of America Corp. 0.00% Reduce -13.6% 906,225 $18.2M
Morgan Stanley 0.00% Reduce -11.6% 900,301 $18.1M
Dimensional Fund Advisors LP 0.00% Reduce -2.2% 889,146 $17.8M
Artisan Partners Limited Partnership 0.02% Reduce -28.8% 786,016 $15.8M
Northern Trust Corp. 0.00% Reduce -3.6% 712,632 $14.3M
Assenagon Asset Management S.A. 0.02% Reduce -1.8% 711,951 $14.3M
Cooper Creek Partners Management LLC 0.67% No change 709,281 $14.2M
Point72 Asset Management 0.02% Add +16.5% 702,408 $14.1M
FMR LLC 0.00% Reduce -82.6% 680,945 $13.7M
Barclays PLC 0.01% Reduce -15.0% 666,930 $13.4M
Qube Research & Technologies Ltd 0.02% Add +55.7% 658,181 $13.2M
Charles Schwab Investment Management Inc. 0.00% Reduce -8.0% 650,932 $13.1M
Gagnon Securities LLC 2.58% Add +109.0% 625,726 $12.5M
Susquehanna International Group, LLP 0.02% Add +47.9% 615,587 $12.3M
Legion Partners Asset Management, LLC 6.91% No change 591,685 $11.9M
Two Sigma Investments, LP 0.02% Add +101.9% 538,919 $10.8M
Clark Capital Management Group, Inc. 0.06% Add +10.4% 512,744 $10.3M
Tudor Investment Corporation 0.06% New 492,210 $9.9M
Bank of New York Mellon Corp 0.00% Add +11.7% 463,833 $9.3M
Bridgewater Associates 0.03% Add +62.8% 457,821 $9.2M
Deutsche Bank AG 0.00% Reduce -33.5% 450,897 $9.0M
Nuveen, LLC 0.00% Reduce -45.2% 443,747 $8.9M
AQR Capital Management 0.00% Add +288.7% 433,720 $8.7M
S Squared Technology, LLC 3.34% Add +22.9% 430,195 $8.6M
Glenmede Trust Co. NA 0.04% — 425,698 $8.5M
Royal Bank of Canada 0.00% Reduce -32.9% 400,565 $8.0M
First Eagle Investment Management, LLC 0.01% Add +22.8% 363,000 $7.3M
HERALD INVESTMENT MANAGEMENT Ltd 0.95% Add +28.4% 362,000 $7.3M
Gagnon Advisors, LLC 4.28% Add +100.9% 336,277 $6.7M
Balyasny Asset Management L.P. 0.01% Reduce -54.3% 298,537 $6.0M
Algert Global LLC 0.09% New 278,700 $5.6M
Millennium Management 0.00% Add +122.5% 268,338 $5.4M
Invenomic Capital Management LP 0.26% New 266,252 $5.3M
Massachusetts Financial Services Co. 0.00% Add +335.9% 254,190 $5.1M
Two Sigma Advisers, LP 0.01% Add +265.9% 248,100 $5.0M
Principal Financial Group Inc. 0.00% Add +48.3% 245,429 $4.9M
Pacer Advisors, Inc. 0.01% New 236,070 $4.7M
Citadel Advisors 0.00% Reduce -19.3% 228,949 $4.6M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% Reduce -7.4% 223,218 $4.5M
Dana Investment Advisors, Inc. 0.13% Add +74.5% 222,515 $4.5M
Susquehanna Fundamental Investments, LLC 0.14% New 200,896 $4.0M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Reduce -92.2% 181,009 $3.6M
P.A.W. Capital Corp. 8.20% Add +12.5% 180,000 $3.6M
Alliancebernstein L.P. 0.00% Reduce -0.9% 179,948 $3.6M
Verition Fund Management LLC 0.02% Add +77.2% 179,683 $3.6M
BNP Paribas Financial Markets 0.00% Reduce -34.1% 178,879 $3.6M
Summit Creek Advisors LLC 0.56% Reduce -8.4% 176,540 $3.5M
Invesco Ltd. 0.00% Add +45.7% 167,947 $3.4M
Nordea Investment Management AB 0.00% Reduce -11.2% 168,227 $3.3M
Acadian Asset Management LLC 0.01% Add +863.7% 164,145 $3.3M
Picton Mahoney Asset Management 0.04% Add +690.5% 162,772 $3.3M
Oddo BHF Asset Management Sas 0.12% No change 160,000 $3.2M
Optimus Prime Fund Management Co., Ltd. 0.25% No change 154,500 $3.1M
SG Americas Securities, LLC 0.00% Add +134.5% 152,413 $3.1M
ABS Direct Equity Fund LLC 3.58% No change 150,000 $3.0M
Capital Fund Management S.A. 0.03% Reduce -37.5% 147,153 $3.0M
Engineers Gate Manager LP 0.03% Add +70.2% 139,761 $2.8M
Quinn Opportunity Partners LLC 0.12% Add +203.7% 139,693 $2.8M
Swiss National Bank 0.00% Reduce -2.4% 137,200 $2.8M
CANADA LIFE ASSURANCE Co 0.00% Reduce -16.8% 136,080 $2.7M
Atom Investors LP 0.21% Reduce -10.6% 134,713 $2.7M
Campbell & CO Investment Adviser LLC 0.12% Add +4.4% 128,041 $2.6M
Wells Fargo & Company 0.00% Add +6.3% 126,963 $2.5M
Villanova Investment Management Co LLC 1.77% Add +61.6% 125,261 $2.5M
Victory Capital Management Inc. 0.00% Add +1330.5% 123,827 $2.5M
Rock Creek Group LLC 0.27% Reduce -92.5% 7,500 $2.4M
Holocene Advisors, LP 0.00% Add +26.4% 112,124 $2.2M
Group One Trading LLC 0.07% Add +136.8% 110,505 $2.2M
Squarepoint Ops LLC 0.00% Reduce -77.3% 110,391 $2.2M
LPL Financial LLC 0.00% Add +31.2% 108,492 $2.2M
Y-Intercept (Hong Kong) Ltd 0.05% Add +20.4% 103,478 $2.1M
D. E. Shaw & Co. 0.00% Reduce -11.4% 99,924 $2.0M
Rhumbline Advisers 0.00% Reduce -12.2% 99,041 $2.0M
Creative Planning 0.00% Add +334.9% 94,566 $1.9M
Prospect Capital Advisors, LLC 0.92% Reduce -9.8% 89,340 $1.8M
Twinbeech Capital LP 0.12% Add +350.9% 85,813 $1.7M
Radcliffe Capital Management, L.P. 0.24% Add +9.7% 85,000 $1.7M
Segall Bryant & Hamill, LLC 0.02% Reduce -83.1% 84,073 $1.7M
T. Rowe Price Associates Inc. 0.00% Add +9.7% 81,366 $1.6M
Walleye Capital LLC 0.01% New 78,610 $1.6M
Legal & General Group Plc 0.00% Reduce -0.3% 78,338 $1.6M
New York State Common Retirement Fund 0.00% Reduce -18.6% 77,971 $1.6M
Generali Investments Towarzystwo Funduszy Inwestycyjnych 0.72% No change 74,000 $1.5M
Laird Norton Wetherby Trust Company, LLC 0.03% New 70,879 $1.4M
California State Teachers Retirement System 0.00% Reduce -0.0% 69,188 $1.4M
Aurora Investment Counsel 0.72% Add +2.8% 68,463 $1.4M
JPMorgan Chase & Co. 0.00% Reduce -3.6% 60,997 $1.2M
Mackenzie Financial Corp. 0.00% Add +66.0% 60,553 $1.2M
Circumference Group LLC 1.34% Reduce -39.7% 60,000 $1.2M
Jackson Creek Investment Advisors LLC 0.35% Reduce -3.2% 59,731 $1.2M
Brevan Howard Capital Management LP 0.02% Reduce -49.9% 56,550 $1.1M
XTX Topco Ltd 0.03% Add +13.3% 56,549 $1.1M
Fox Run Management, L.L.C. 0.17% Add +103.2% 56,469 $1.1M
Franklin Resources Inc. 0.00% Add +1.4% 56,303 $1.1M
ExodusPoint Capital Management, LP 0.01% New 53,711 $1.1M
HSBC Holdings PLC 0.00% Reduce -24.0% 53,447 $1.1M
Vestcor Inc 0.03% No change 50,000 $1.0M
Teacher Retirement System of Texas 0.00% Add +26.5% 47,528 $953K
MetLife Investment Management, LLC 0.00% Reduce -5.1% 43,317 $869K
Man Group plc 0.00% New 40,233 $807K
Zacks Investment Management 0.01% Reduce -23.8% 39,106 $784K
Envestnet Asset Management Inc. 0.00% Add +0.8% 38,903 $780K
Guggenheim Capital LLC 0.01% Add +5.3% 38,342 $769K
Raymond James Financial Inc. 0.00% Reduce -3.6% 37,561 $753K
Manufacturers Life Insurance Company, The 0.00% Reduce -1.5% 37,080 $743K
Mirador Capital Partners LP 0.10% Reduce -9.0% 36,909 $740K
Woodline Partners LP 0.00% Add +84.3% 36,640 $735K
Simplex Trading, LLC 0.02% Add +19.5% 35,629 $714K
Canada Pension Plan Investment Board 0.00% Add +470.5% 34,800 $698K
Stifel Financial Corp. 0.00% Reduce -88.7% 34,437 $690K
Citigroup Inc. 0.00% Reduce -40.1% 32,737 $656K
Wakefield Asset Management LLLP 0.18% Reduce -0.9% 32,552 $653K
Vinva Investment Management Ltd 0.01% Add +29.8% 21,775 $650K
Deeter Investments LLP 0.14% — 32,000 $642K
Janus Henderson Group PLC 0.00% No change 31,440 $630K
Ares Systematic Credit Ltd 2.42% — 31,262 $627K
Harbor Capital Advisors, Inc. 0.05% Add +35.3% 30,659 $615K
Mirabella Financial Services LLP 0.06% New 30,474 $611K
State of Wisconsin Investment Board 0.00% Reduce -36.3% 29,992 $601K
Cardinal Point Capital Management ULC 0.04% Reduce -25.3% 29,190 $585K
Caption Management, LLC 0.03% Reduce -21.6% 29,074 $583K
Cetera Investment Advisers 0.00% Add +15.7% 28,544 $572K
Intech Investment Management LLC 0.01% Reduce -8.3% 28,421 $570K
Walleye Trading LLC 0.01% New 28,181 $565K
IMC-Chicago, LLC 0.01% Reduce -60.6% 27,941 $560K
Cwm, LLC 0.00% Add +755.4% 27,192 $545K
Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% Add +188.9% 26,447 $529K
EntryPoint Capital, LLC 0.20% New 25,585 $513K
Amundi 0.00% Reduce -12.5% 25,311 $507K
Prosperity Wealth Management, Inc. 0.17% New 25,000 $501K
Janney Montgomery Scott LLC 0.00% Reduce -27.6% 24,944 $500K
Leonteq Securities AG 0.03% Add +46.4% 24,041 $482K
American Century Companies Inc. 0.00% Add +3.2% 23,303 $467K
ProShare Advisors LLC 0.00% Reduce -42.6% 23,156 $464K
Parallax Volatility Advisers, L.P. 0.02% New 22,583 $453K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% No change 22,358 $448K
OP Asset Management Ltd 0.01% New 21,865 $438K
Sei Investments Co. 0.00% Reduce -45.2% 20,827 $418K
Police & Firemen's Retirement System of New Jersey 0.00% Reduce -7.0% 20,173 $404K
State Board of Administration of Florida Retirement System 0.00% No change 19,887 $399K
Arizona State Retirement System 0.00% Reduce -9.9% 19,325 $387K
State of Wyoming 0.04% Add +269.3% 18,887 $379K
Handelsbanken Fonder AB 0.00% No change 18,795 $377K
WINTON GROUP Ltd 0.01% New 18,200 $365K
Gsa Capital Partners LLP 0.03% New 18,159 $364K
Ameritas Advisory Services, LLC 0.01% Add +5464.7% 17,807 $357K
FNY Investment Advisers, LLC 0.09% Add +37.3% 16,450 $329K
MML Investors Services, LLC 0.00% Add +18.1% 16,212 $325K
PharVision Advisers, LLC 0.16% Add +91.9% 16,073 $322K
Militia Capital Partners, LP 0.12% New 16,000 $321K
Wolverine Asset Management LLC 0.02% Add +19.9% 15,803 $317K
Mercer Global Advisors Inc. 0.00% New 15,537 $312K
PEAK6 LLC 0.01% New 15,302 $307K
Wealth Enhancement Advisory Services, LLC 0.00% New 15,451 $305K
Magnetar Financial LLC 0.00% Reduce -77.9% 15,194 $305K
VARCOV Co. 0.12% — 14,955 $300K
Finivi Inc. 0.17% Add +3.3% 14,913 $299K
KLP Kapitalforvaltning As 0.00% Reduce -8.6% 14,800 $297K
Choreo, LLC 0.00% Reduce -3.4% 14,138 $283K
Quantinno Capital Management LP 0.00% Reduce -43.0% 13,800 $277K
Quantbot Technologies LP 0.01% New 13,739 $275K
Voya Investment Management LLC 0.00% No change 13,726 $275K
Natixis 0.00% No change 13,500 $271K
Mangrove Partners Im, LLC 0.02% New 12,712 $255K
Stoneridge Investment Partners LLC 0.17% Add +24.2% 12,517 $251K
LSV Asset Management 0.00% Add +127.8% 12,300 $247K
Mariner, LLC 0.00% New 12,303 $247K
Caxton Associates LLP 0.00% New 11,565 $232K
Citizens Financial Group Inc. 0.00% Add +7.3% 11,358 $228K
Summit Trail Advisors, LLC 0.00% Reduce -19.8% 11,304 $227K
Swiss Life Asset Management Ltd 0.00% New 11,047 $221K
M Holdings Securities, Inc. 0.02% New 10,710 $215K
Russell Investments Group, Ltd. 0.00% Reduce -43.6% 10,642 $213K
Alpine Global Management, LLC 0.05% New 10,469 $210K
Cambridge Investment Research Advisors, Inc. 0.00% Reduce -9.0% 10,396 $208K
DRW Securities, LLC 0.02% Reduce -3.8% 10,352 $208K
Centiva Capital, LP 0.01% New 10,216 $205K
Mirae Asset Global Investments Co., Ltd. 0.00% Reduce -12.8% 8,737 $175K
Public Employees Retirement Association of Colorado 0.00% No change 8,180 $164K
Ensign Peak Advisors, Inc 0.00% Reduce -66.6% 7,835 $157K
Jones Financial Companies LLLP 0.00% Add +509.5% 7,265 $146K
Ameritas Investment Partners, Inc. 0.00% No change 6,386 $128K
Asset Management One Co., Ltd. 0.00% Reduce -50.0% 4,913 $98K
MAI Capital Management 0.00% Reduce -3.9% 4,487 $90K
Comerica Bank 0.00% Reduce -88.8% 4,024 $81K
Toronto Dominion Bank 0.00% No change 4,000 $80K
State of Alaska, Department of Revenue 0.00% No change 3,554 $71K
Arax Advisory Partners 0.00% Reduce -48.4% 3,252 $65K
C M Bidwell & Associates Ltd. 0.03% No change 3,053 $61K
Conquis Financial LLC 0.05% No change 3,000 $60K
AlphaQuest LLC 0.00% Add +29.3% 2,915 $58K
Kayne Anderson Rudnick Investment Management LLC 0.00% New 2,832 $57K
Osaic Holdings, Inc. 0.00% Reduce -91.0% 2,693 $54K
PNC Financial Services Group, Inc. 0.00% Reduce -89.2% 2,635 $53K
Bayforest Capital Ltd 0.04% Reduce -65.4% 2,623 $53K
Northwestern Mutual Wealth Management Co. 0.00% Add +2327.8% 2,622 $53K
Amalgamated Bank 0.00% Reduce -5.2% 2,434 $49K
Essential Partners LLC 0.01% Add +10495.5% 2,331 $47K
KBC Group NV 0.00% No change 2,261 $45K
Tower Research Capital LLC (TRC) 0.00% Reduce -11.3% 2,196 $44K
Pilgrim Partners Asia Pte Ltd 0.02% Add +5.4% 1,960 $39K
Rothschild Investment LLC 0.00% Add +3572.0% 1,836 $37K
Global Retirement Partners, LLC 0.00% Add +17.5% 1,443 $29K
Allworth Financial LP 0.00% Add +30.1% 1,425 $29K
Danske Bank A/S 0.00% Reduce -95.8% 1,400 $28K
Richardson Financial Services Inc. 0.01% Add +34.2% 1,318 $26K
Quadrant Capital Group LLC 0.00% Add +66.2% 1,295 $26K
Quarry LP 0.00% Reduce -14.7% 1,175 $24K
Steward Partners Investment Advisory, LLC 0.00% Add +39.4% 1,153 $23K
Nisa Investment Advisors, LLC 0.00% Reduce -34.0% 1,076 $22K
Parallel Advisors, LLC 0.00% Reduce -30.3% 1,058 $21K
Nicholas Company, Inc. 0.00% Reduce -99.5% 1,008 $20K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% Add +39.4% 1,005 $20K
Farther Finance Advisors, LLC 0.00% Add +71.8% 950 $19K
US Bancorp \de 0.00% Reduce -69.9% 911 $18K
Banque Transatlantique SA 0.00% No change 900 $18K
IFP Advisors, Inc 0.00% Add +1206.1% 640 $13K
Rockefeller Capital Management L.P. 0.00% Reduce -50.1% 576 $12K
Acumen Wealth Advisors, LLC 0.00% — 540 $11K
Altshuler Shaham Ltd 0.00% Add +80.0% 540 $11K
Sterling Capital Management LLC 0.00% Add +174.6% 508 $10K
Versant Capital Management, Inc 0.00% Add +162.0% 482 $10K
Mitsubishi UFJ Asset Management Co., Ltd. 0.00% No change 491 $9K
Federation des caisses Desjardins du Quebec 0.00% No change 423 $8K
Signaturefd, LLC 0.00% Reduce -13.7% 402 $8K
JNBA Financial Advisors 0.00% No change 400 $8K
Los Angeles Capital Management LLC 0.00% New 321 $7K
EverSource Wealth Advisors, LLC 0.00% Add +121.5% 361 $7K
GAMMA Investing LLC 0.00% Add +36.8% 357 $7K
Optiver Holding B.V. 0.00% Reduce -37.9% 344 $7K
Cullen/Frost Bankers, Inc. 0.00% Add +3.1% 335 $7K
Covestor Ltd 0.00% Add +5.2% 286 $6K
Quent Capital, LLC 0.00% Reduce -65.3% 229 $5K
CIBC Private Wealth Group LLC 0.00% Add +193.3% 176 $4K
Private Trust Co. NA 0.00% New 175 $4K
SBI Securities Co., Ltd. 0.00% Add +480.8% 151 $3K
Rachor Investment Advisory Services, LLC 0.00% — 142 $3K
Ritter Daniher Financial Advisory LLC / DE 0.00% New 120 $2K
Pinnacle Wealth Planning Services, Inc. 0.00% New 116 $2K
True Wealth Design, LLC 0.00% Add +107.3% 114 $2K
Abound Wealth Management 0.00% No change 113 $2K
Geneos Wealth Management Inc. 0.00% No change 100 $2K
Sachetta, LLC 0.00% No change 74 $1K
Bare Financial Services, Inc 0.00% Add +270.0% 74 $1K
Clearstead Advisors, LLC 0.00% New 69 $1K
Parkside Financial Bank & Trust 0.00% Add +3.5% 60 $1K
Transamerica Financial Advisors, LLC 0.00% Add +194.7% 56 $1K
North Star Investment Management Corp. 0.00% New 51 $1K
Avion Wealth 0.00% Add +29.3% 53 $1K
Hantz Financial Services, Inc. 0.00% New 35 $1K
Assetmark, Inc. 0.00% New 45 $902
CBIZ Investment Advisory Services, LLC 0.00% New 40 $802
Elequin Capital, LP 0.00% New 36 $722
Optima Capital LLC 0.00% New 26 $521
Physician Wealth Advisors, Inc. 0.00% New 24 $482
SJS Investment Consulting Inc. 0.00% New 23 $462
SWAN Capital LLC 0.00% New 23 $461
Harbour Investments, Inc. 0.00% No change 18 $361
Raffa Wealth Management, LLC 0.00% No change 17 $341
MV Capital Management, Inc. 0.00% Reduce -7.1% 13 $261
Investors Portfolio Services LLC 0.00% — 11 $220
Smartleaf Asset Management LLC 0.00% Reduce -90.1% 10 $200
Activest Wealth Management 0.00% Reduce -70.8% 7 $140
ROSS\JOHNSON & Associates LLC 0.00% No change 6 $120
CoreCap Advisors, LLC 0.00% No change 6 $120
International Assets Investment Management, LLC 0.00% New 5 $100
Private Wealth Asset Management, LLC 0.00% No change 5 $100
DV Trading LLC 0.00% — 2 $40
Turning Point Benefit Group, Inc. 0.00% No change 2 $40
Elyxium Wealth, LLC 0.00% New 2 $40
Dunhill Financial, LLC 0.00% New 2 $35
Huntington National Bank 0.00% Reduce -98.9% 1 $20

"% of holder's portfolio" is FIVN's weight in each manager's 13F, not the share of FIVE9 Inc. the manager owns.