Icu MedicalICUI

13F holders, Q4 2025 (December 31)
292holders +22
44new positions
30sold out
8famous investors
$142.75avg. 13F price*

At the end of Q4 2025, 292 institutions reported holding Icu Medical Inc. (ICUI) in their 13F filings, up 22 from Q3 2025. 44 opened new positions and 30 sold out. The largest holders were BlackRock, Inc. ($511.9M), Vanguard Group Inc. ($387.3M) and Janus Henderson Group PLC ($367.6M). 8 famous investors held it, including Steve Cohen (0.1% of Point72 Asset Management's portfolio), Mario Gabelli (0.0% of GAMCO Investors's portfolio) and Ken Griffin (0.0% of Citadel Advisors's portfolio).

Company
Icu Medical Inc.
CUSIP
44930G107
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300 Q1 2024: 251Q1 2024Q2 2024: 255Q2 2024Q3 2024: 289Q3 2024Q4 2024: 286Q4 2024Q1 2025: 281Q1 2025Q2 2025: 271Q2 2025Q3 2025: 270Q3 2025Q4 2025: 292Q4 2025Q1 2026: 276Q1 2026Q2 2026: 288Q2 2026

Total Exit/New Position Q3 2025 → Q4 2025

InstitutionsTotal Value
New Positions44$75.7M
Exits30$49.2M

All 13F filers, Q3 2025 → Q4 2025: 1,886,626 shares bought and 3,138,342 shares sold, net −1,251,716 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 292 holders

BlackRock, Inc. 0.01% Add +1.9% 3,588,155 $511.9M
Vanguard Group Inc. 0.01% Add +3.4% 2,714,746 $387.3M
Janus Henderson Group PLC 0.16% Add +4.2% 2,576,756 $367.6M
Fuller & Thaler Asset Management, Inc. 0.61% Reduce -8.6% 1,265,799 $180.6M
State Street Corp. 0.00% Add +2.8% 942,670 $134.5M
Dimensional Fund Advisors LP 0.03% Add +5.5% 920,776 $131.4M
Schroder Investment Management Group 0.08% Reduce -3.9% 765,395 $110.7M
Ameriprise Financial Inc. 0.02% Reduce -17.7% 661,389 $94.4M
River Road Asset Management, LLC 1.02% Reduce -0.0% 650,872 $92.9M
Geode Capital Management, LLC 0.01% Add +0.0% 593,485 $84.7M
Neuberger Berman Group LLC 0.06% Reduce -12.2% 563,833 $80.4M
JPMorgan Chase & Co. 0.01% Reduce -21.8% 529,110 $75.5M
Morgan Stanley 0.00% Reduce -8.2% 518,636 $74.0M
Norges Bank 0.01% — 407,115 $58.1M
Silvercrest Asset Management Group LLC 0.37% Reduce -12.1% 380,463 $54.3M
FMR LLC 0.00% Reduce -0.8% 362,460 $51.7M
Defilade Capital Management, L.P. 6.59% — 340,745 $48.6M
Northern Trust Corp. 0.01% Reduce -12.2% 338,819 $48.3M
Point72 Asset Management 0.08% Add +550.8% 337,742 $48.2M
Charles Schwab Investment Management Inc. 0.01% Add +0.8% 309,629 $44.2M
Thrivent Financial for Lutherans 0.08% Add +1604.0% 303,457 $43.3M
Bank of America Corp. 0.00% Add +19.4% 298,231 $42.5M
Goldman Sachs Group Inc. 0.01% Add +2.1% 284,551 $40.6M
Quantinno Capital Management LP 0.08% Add +10.4% 278,707 $39.8M
Nomura Asset Management International Inc. 0.06% — 273,391 $39.0M
Segall Bryant & Hamill, LLC 0.51% Reduce -5.5% 264,995 $37.8M
Wellington Management Group LLP 0.01% Add +4.5% 248,395 $35.4M
Federated Hermes, Inc. 0.06% Reduce -14.9% 247,028 $35.2M
Brown Advisory Inc. 0.05% New 227,412 $32.4M
Citadel Advisors 0.02% New 210,899 $30.1M
William Blair Investment Management, LLC 0.08% Reduce -9.2% 210,766 $30.1M
Bank of New York Mellon Corp 0.00% Reduce -7.5% 181,523 $25.9M
Victory Capital Management Inc. 0.01% Reduce -15.5% 179,581 $25.6M
UBS Group AG 0.01% Reduce -53.5% 179,576 $25.6M
Raymond James Financial Inc. 0.01% Add +24.2% 174,294 $24.9M
Oberweis Asset Management Inc./ 0.88% Add +12.7% 168,040 $24.0M
WCM Investment Management, LLC 0.05% Reduce -20.4% 165,223 $23.9M
Woodline Partners LP 0.09% No change 164,305 $23.4M
Nitorum Capital, L.P. 4.85% Reduce -16.1% 153,657 $21.9M
Principal Financial Group Inc. 0.01% Add +5.1% 140,135 $20.0M
Kennedy Capital Management LLC 0.39% Add +0.6% 128,039 $18.3M
Nuveen, LLC 0.00% Add +6.2% 119,471 $17.0M
Invesco Ltd. 0.00% Reduce -9.6% 100,505 $14.3M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Add +13.5% 88,606 $12.6M
Glenmede Trust Co. NA 0.06% — 88,294 $12.6M
Millennium Management 0.01% Reduce -92.0% 87,135 $12.4M
Public Sector Pension Investment Board 0.04% Reduce -11.3% 85,400 $12.2M
Granite Investment Partners, LLC 0.61% Reduce -6.3% 72,328 $10.3M
ExodusPoint Capital Management, LP 0.11% Add +826.8% 69,993 $10.0M
Gabelli Funds LLC 0.07% Reduce -13.2% 68,600 $9.8M
Rhumbline Advisers 0.01% Reduce -1.5% 68,149 $9.7M
Legal & General Group Plc 0.00% Reduce -4.2% 62,414 $8.9M
Jane Street Group, LLC 0.01% Add +335.0% 55,114 $7.9M
F/m Investments LLC 0.25% Add +33.3% 46,519 $6.6M
Swiss National Bank 0.00% Add +2.0% 46,319 $6.6M
Prudential Financial Inc. 0.01% Reduce -12.8% 40,265 $5.7M
Comerica Bank 0.02% Add +52.6% 39,658 $5.7M
Barclays PLC 0.00% Add +10.7% 37,705 $5.4M
Kirr Marbach & Co. LLC 1.02% Add +3.3% 37,290 $5.3M
Renaissance Technologies 0.01% Reduce -47.7% 36,300 $5.2M
Arrowstreet Capital, Limited Partnership 0.00% Add +926.4% 35,566 $5.1M
Sei Investments Co. 0.00% Add +0.6% 34,539 $4.9M
Nordea Investment Management AB 0.00% Reduce -11.8% 32,758 $4.7M
California Public Employees Retirement System 0.00% Reduce -19.2% 30,371 $4.3M
Gagnon Securities LLC 0.85% Add +1.1% 29,073 $4.1M
Alliancebernstein L.P. 0.00% Add +5.4% 28,916 $4.1M
New York State Teachers Retirement System 0.01% Reduce -0.3% 28,093 $4.0M
Wells Fargo & Company 0.00% Add +67.0% 27,264 $3.9M
State of Wisconsin Investment Board 0.01% Add +309.6% 26,537 $3.8M
Adage Capital Partners Gp, L.L.C. 0.01% Reduce -79.1% 25,000 $3.6M
Gotham Asset Management 0.01% Reduce -39.7% 24,740 $3.5M
T. Rowe Price Associates Inc. 0.00% Add +4.4% 23,991 $3.4M
GAMCO Investors 0.03% Reduce -4.3% 23,974 $3.4M
Deutsche Bank AG 0.00% Add +3.9% 23,359 $3.3M
American Century Companies Inc. 0.00% Add +267.5% 23,011 $3.3M
Emerald Mutual Fund Advisers Trust 0.15% Add +140.6% 21,987 $3.1M
California State Teachers Retirement System 0.00% Reduce -1.9% 21,976 $3.1M
CANADA LIFE ASSURANCE Co 0.01% Reduce -17.9% 21,554 $3.1M
New York State Common Retirement Fund 0.00% Reduce -2.2% 20,231 $2.9M
Campbell & CO Investment Adviser LLC 0.13% New 19,475 $2.8M
Qube Research & Technologies Ltd 0.00% Add +403.6% 18,811 $2.7M
Franklin Resources Inc. 0.00% Reduce -3.9% 18,234 $2.6M
Pacific Capital Partners Ltd 2.69% Reduce -71.6% 17,750 $2.5M
State of New Jersey Common Pension Fund D 0.01% Reduce -7.9% 16,092 $2.3M
Envestnet Asset Management Inc. 0.00% Reduce -13.4% 14,686 $2.1M
State of Alaska, Department of Revenue 0.02% Add +1.1% 14,032 $2.0M
Illinois Municipal Retirement Fund 0.02% Add +9.4% 13,457 $1.9M
MetLife Investment Management, LLC 0.01% Reduce -88.6% 13,326 $1.9M
Citigroup Inc. 0.00% Reduce -14.0% 11,954 $1.7M
Ieq Capital, LLC 0.00% Add +43.7% 11,470 $1.6M
Manufacturers Life Insurance Company, The 0.00% Reduce -95.0% 11,407 $1.6M
Louisiana State Employees Retirement System 0.03% No change 11,300 $1.6M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Reduce -0.0% 11,234 $1.6M
Creative Planning 0.00% Add +34.5% 11,005 $1.6M
Moody National Bank Trust Division 0.15% Add +0.1% 10,744 $1.5M
Focus Partners Wealth 0.00% New 9,579 $1.4M
AQR Capital Management 0.00% Add +9.2% 9,549 $1.4M
Public Employees Retirement System of Ohio 0.00% Reduce -66.1% 9,480 $1.4M
Intech Investment Management LLC 0.01% Reduce -10.9% 9,471 $1.4M
Equitable Trust Co. 0.06% Add +9.6% 9,330 $1.3M
Fred Alger Management, LLC 0.01% New 9,157 $1.3M
Corient Private Wealth LP 0.00% Add +104.8% 8,312 $1.2M
Summit Trail Advisors, LLC 0.02% Reduce -21.5% 8,284 $1.2M
Handelsbanken Fonder AB 0.00% Add +49.3% 8,172 $1.2M
State of Tennessee, Department of Treasury 0.00% Reduce -23.1% 7,717 $1.2M
VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% Reduce -14.8% 8,033 $1.1M
US Bancorp \de 0.00% Add +46.8% 7,940 $1.1M
Caprock Group, LLC 0.02% Add +33.3% 7,909 $1.1M
Choreo, LLC 0.01% Add +27.5% 7,564 $1.1M
Yousif Capital Management, LLC 0.01% Reduce -12.7% 6,783 $1.0M
Amalgamated Bank 0.01% Add +1.5% 7,157 $1.0M
Cerity Partners LLC 0.00% Add +2.4% 7,053 $1.0M
Police & Firemen's Retirement System of New Jersey 0.01% Reduce -0.5% 6,657 $950K
Tidal Investments LLC 0.00% Reduce -6.4% 6,644 $948K
D. E. Shaw & Co. 0.00% New 6,605 $942K
Arizona State Retirement System 0.01% Reduce -4.3% 6,603 $942K
LPL Financial LLC 0.00% Add +3.4% 6,146 $877K
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.00% Reduce -2.8% 6,112 $872K
Nisa Investment Advisors, LLC 0.00% Add +0.5% 6,045 $862K
Teachers Retirement System of the State of Kentucky 0.01% Reduce -4.8% 6,024 $860K
Quadrant Capital Group LLC 0.03% Add +0.1% 5,889 $840K
BNP Paribas Financial Markets 0.00% Add +19.7% 5,871 $838K
Oregon Public Employees Retirement Fund 0.01% Add +1.8% 5,631 $803K
First Trust Advisors LP 0.00% Reduce -69.1% 5,605 $800K
Assenagon Asset Management S.A. 0.00% New 5,224 $745K
Verdence Capital Advisors LLC 0.04% Reduce -10.6% 5,189 $740K
KLP Kapitalforvaltning As 0.00% No change 5,000 $713K
ProShare Advisors LLC 0.00% Add +3.0% 4,840 $691K
Mercer Global Advisors Inc. 0.00% Add +89.9% 4,815 $687K
Daiwa Securities Group Inc. 0.00% Add +4.3% 4,733 $675K
Amundi 0.00% Add +5.9% 4,627 $660K
EP Wealth Advisors, LLC 0.00% — 4,446 $634K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% Reduce -4.0% 4,436 $633K
PNC Financial Services Group, Inc. 0.00% Add +6.7% 4,394 $627K
Voya Investment Management LLC 0.00% Reduce -1.1% 4,347 $620K
SG Americas Securities, LLC 0.00% Add +76.3% 4,065 $580K
Aaron Wealth Advisors LLC 0.03% Reduce -7.0% 4,037 $576K
AlphaQuest LLC 0.03% Reduce -11.2% 3,901 $557K
Pictet Asset Management Holding SA 0.00% No change 3,761 $537K
Holocene Advisors, LP 0.00% New 3,679 $525K
Maryland State Retirement & Pension System 0.01% Add +2.0% 3,619 $516K
XTX Topco Ltd 0.01% New 3,584 $511K
State Board of Administration of Florida Retirement System 0.00% Add +8.2% 3,578 $510K
Two Sigma Securities, LLC 0.07% New 3,343 $477K
Inspire Investing, LLC 0.04% Reduce -14.2% 3,266 $466K
Perbak Capital Partners LLP 0.13% Reduce -73.3% 3,005 $429K
Wealthspire Advisors, LLC 0.00% Add +9.6% 2,836 $405K
Mutual of America Capital Management LLC 0.00% Add +2.1% 2,822 $403K
Farringdon Capital, Ltd. 0.10% Reduce -10.0% 2,807 $400K
Wealth Enhancement Advisory Services, LLC 0.00% New 2,601 $392K
Inscription Capital, LLC 0.04% Reduce -67.7% 2,703 $386K
Bank of Montreal 0.00% Add +0.8% 2,685 $383K
Stifel Financial Corp. 0.00% Reduce -3.7% 2,681 $382K
Syon Capital LLC 0.02% Add +32.9% 2,673 $381K
Royal Bank of Canada 0.00% Reduce -56.4% 2,650 $376K
Public Employees Retirement Association of Colorado 0.00% No change 2,517 $359K
Gsa Capital Partners LLP 0.03% Reduce -23.1% 2,444 $349K
Vontobel Holding Ltd. 0.00% New 2,412 $344K
Optas, LLC 0.05% New 2,344 $334K
Lido Advisors, LLC 0.00% Add +4.5% 2,479 $311K
Cetera Trust Company, N.A 0.16% Add +8.7% 2,135 $305K
Truist Financial Corp. 0.00% Reduce -6.2% 2,093 $299K
Profund Advisors LLC 0.01% New 2,091 $298K
Russell Investments Group, Ltd. 0.00% Reduce -5.6% 2,091 $298K
Ameritas Investment Partners, Inc. 0.01% No change 2,020 $288K
Xponance LLC 0.00% Add +1.0% 2,001 $285K
Arax Advisory Partners 0.01% Reduce -44.3% 1,899 $271K
M&T Bank Corp 0.00% Reduce -20.6% 1,875 $268K
Atria Investments, Inc 0.00% New 1,848 $264K
Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% No change 1,829 $261K
Interchange Capital Partners, LLC 0.05% New 1,781 $254K
Vanguard Personalized Indexing Management, LLC 0.00% New 1,761 $251K
Connable Office Inc. 0.02% No change 1,743 $249K
Evergreen Capital Management LLC 0.01% Reduce -18.0% 1,718 $245K
Captrust Financial Advisors 0.00% Reduce -61.0% 1,695 $242K
Cibc World Markets Corp. 0.00% — 1,600 $228K
CIBC Asset Management Inc 0.00% New 1,579 $225K
Chicago Partners Investment Group LLC 0.01% New 1,475 $225K
Ensign Peak Advisors, Inc 0.00% Reduce -71.0% 1,550 $221K
Tower Research Capital LLC (TRC) 0.01% Reduce -26.8% 1,540 $220K
Mackenzie Financial Corp. 0.00% New 1,516 $219K
Kera Capital Partners, Inc. 0.03% New 1,448 $217K
Janney Montgomery Scott LLC 0.00% New 1,515 $216K
Allegheny Financial Group 0.03% New 1,500 $214K
Marshall Wace, LLP 0.00% Reduce -40.9% 1,500 $214K
Pathstone Holdings, LLC 0.00% Reduce -35.2% 1,487 $212K
Baker Avenue Asset Management, LP 0.00% New 1,486 $212K
HUB Investment Partners, LLC 0.01% New 1,480 $211K
Panagora Asset Management Inc. 0.00% New 1,435 $205K
O'shaughnessy Asset Management, LLC 0.00% New 1,426 $203K
Johnson Investment Counsel Inc. 0.00% Reduce -16.4% 1,421 $203K
Smartleaf Asset Management LLC 0.01% Add +1.9% 1,187 $172K
Hollencrest Capital Management 0.01% No change 1,125 $161K
Kemnay Advisory Services Inc. 0.02% New 841 $120K
KBC Group NV 0.00% No change 829 $118K
Rockefeller Capital Management L.P. 0.00% Add +21.6% 823 $117K
Versant Capital Management, Inc 0.01% Add +125.6% 803 $115K
STRS Ohio 0.00% Add +60.0% 800 $114K
Osaic Holdings, Inc. 0.00% Add +242.0% 766 $109K
Blue Trust, Inc. 0.00% Reduce -4.5% 755 $108K
GAMMA Investing LLC 0.01% Add +5.9% 714 $102K
Covestor Ltd 0.05% Add +22.1% 696 $99K
Cwm, LLC 0.00% Reduce -17.5% 617 $88K
GW&K Investment Management, LLC 0.00% Reduce -1.1% 545 $78K
Sterling Capital Management LLC 0.00% Add +2.6% 472 $67K
Pinnacle Wealth Planning Services, Inc. 0.01% New 375 $54K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% Add +32.6% 374 $53K
Murphy & Mullick Capital Management Corp 0.03% No change 305 $44K
Assetmark, Inc. 0.00% No change 286 $41K
SJS Investment Consulting Inc. 0.00% Reduce -35.0% 267 $38K
Huntington National Bank 0.00% Reduce -75.9% 231 $33K
Hilton Head Capital Partners, LLC 0.02% — 221 $32K
LRI Investments, LLC 0.00% No change 206 $29K
Nomura Asset Management Co. Ltd. 0.00% No change 190 $27K
Salomon & Ludwin, LLC 0.00% Reduce -4.0% 168 $24K
EverSource Wealth Advisors, LLC 0.00% Add +19.1% 168 $24K
Bridge Generations Wealth Management LLC 0.01% No change 164 $23K
Fifth Third Bancorp 0.00% Reduce -3.0% 163 $23K
Kestra Advisory Services, LLC 0.00% New 156 $22K
Parallel Advisors, LLC 0.00% Reduce -0.7% 152 $22K
Bessemer Group Inc. 0.00% Add +50.0% 123 $18K
Ancora Advisors LLC 0.00% New 124 $18K
UMB Bank, n.a. 0.00% Add +40.2% 122 $17K
True Wealth Design, LLC 0.00% Add +11.6% 106 $15K
Danske Bank A/S 0.00% No change 100 $14K
Parkside Financial Bank & Trust 0.00% Add +16.0% 87 $12K
Cygnus Capital Advisors, LLC 0.01% — 81 $12K
Los Angeles Capital Management LLC 0.00% New 100 $12K
MassMutual Private Wealth & Trust, FSB 0.00% Reduce -24.5% 77 $11K
Larson Financial Group LLC 0.00% Add +322.2% 76 $11K
Farther Finance Advisors, LLC 0.00% Add +184.6% 74 $11K
Bayforest Capital Ltd 0.01% New 70 $10K
Root Financial Partners, LLC 0.00% Add +112.5% 68 $10K
Northwestern Mutual Wealth Management Co. 0.00% Reduce -15.1% 62 $9K
Global Retirement Partners, LLC 0.00% Reduce -34.1% 60 $9K
Quent Capital, LLC 0.00% Reduce -9.2% 59 $8K
Hantz Financial Services, Inc. 0.00% Add +33.3% 56 $8K
Basecamp Wealth Advisors LLC 0.00% — 49 $7K
Signaturefd, LLC 0.00% Reduce -51.5% 47 $7K
Allworth Financial LP 0.00% Reduce -67.6% 46 $7K
Boreal Capital Management LLC 0.01% No change 45 $6K
Bare Financial Services, Inc 0.00% Add +238.5% 44 $6K
Smithfield Trust Co 0.00% No change 42 $6K
Tucker Asset Management LLC 0.00% New 41 $6K
Private Wealth Management Group, LLC 0.00% No change 39 $6K
West Branch Capital LLC 0.00% No change 35 $5K
Clarity Asset Management, Inc. 0.00% No change 34 $5K
Jones Financial Companies LLLP 0.00% Add +13.8% 33 $5K
Steward Partners Investment Advisory, LLC 0.00% No change 33 $5K
Rothschild Investment LLC 0.00% Add +33.3% 32 $5K
ORG Partners LLC 0.00% New 32 $5K
Whittier Trust Co. of Nevada Inc. 0.00% No change 30 $5K
Quarry LP 0.00% Reduce -57.8% 27 $4K
Sachetta, LLC 0.00% No change 25 $4K
Rachor Investment Advisory Services, LLC 0.00% — 25 $4K
Mitsubishi UFJ Asset Management Co., Ltd. 0.00% No change 24 $3K
Elevation Wealth Partners, LLC 0.00% Reduce -11.5% 23 $3K
T. Rowe Price Investment Management, Inc. 0.00% Reduce -92.1% 17 $3K
SouthState Bank Corp 0.00% Reduce -20.8% 19 $3K
CIBC Private Wealth Group LLC 0.00% New 14 $2K
Godfrey Financial Associates, Inc. 0.00% — 13 $2K
JFS Wealth Advisors, LLC 0.00% Add +225.0% 13 $2K
Westfuller Advisors, LLC 0.00% No change 12 $2K
Bell Investment Advisors, Inc 0.00% No change 12 $2K
Manchester Capital Management LLC 0.00% New 12 $2K
Torren Management, LLC 0.00% — 12 $2K
High Note Wealth, LLC 0.00% New 12 $2K
Farmers & Merchants Investments Inc. 0.00% No change 11 $2K
Financial Perspectives, Inc 0.00% No change 10 $1K
Private Trust Co. NA 0.00% No change 10 $1K
Bogart Wealth, LLC 0.00% No change 10 $1K
Cornerstone Planning Group LLC 0.00% No change 9 $1K
Keating Financial Advisory Services, Inc. 0.00% — 9 $1K
Clearstead Advisors, LLC 0.00% New 8 $1K
SageView Advisory Group, LLC 0.00% New 5 $714
Spire Wealth Management 0.00% No change 5 $713
Ankerstar Wealth, LLC 0.00% — 4 $571
Rossby Financial, LCC 0.00% Add +100.0% 4 $571
Prestige Wealth Management Group LLC 0.00% No change 4 $571
Sunbelt Securities, Inc. 0.00% New 4 $571
Fortitude Family Office, LLC 0.00% Reduce -25.0% 3 $428
Kayne Anderson Rudnick Investment Management LLC 0.00% No change 3 $428
Gilpin Wealth Management, LLC 0.00% — 2 $286
Rialto Wealth Management, LLC 0.00% Add +100.0% 2 $286
HFM Investment Advisors, LLC 0.00% Add +100.0% 2 $286
DiNuzzo Private Wealth, Inc. 0.00% New 2 $286
SBI Securities Co., Ltd. 0.00% No change 2 $285
Transamerica Financial Advisors, LLC 0.00% No change 1 $143
Abound Wealth Management 0.00% No change 1 $143
Hughes Financial Services, LLC 0.00% New 1 $143
Turning Point Benefit Group, Inc. 0.00% No change 1 $142
Bay Harbor Wealth Management, LLC 0.00% New 1 $142

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