KennametalKMT
13F holders, Q1 2025 (March 31)250holders +19
50new positions
32sold out
10famous investors
$21.28avg. 13F price*
At the end of Q1 2025, 250 institutions reported holding Kennametal Inc. (KMT) in their 13F filings, up 19 from Q4 2024. 50 opened new positions and 32 sold out. The largest holders were BlackRock, Inc. ($251.2M), Vanguard Group Inc. ($188.1M) and Ariel Investments ($164.8M). 10 famous investors held it, including John W. Rogers Jr. (1.9% of Ariel Investments's portfolio), Mario Gabelli (0.1% of GAMCO Investors's portfolio) and Ken Fisher (0.0% of Fisher Asset Management's portfolio).
- Company
- Kennametal Inc.
- CUSIP
- 489170100
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 50 | $50.1M |
| Exits | 32 | $36.4M |
All 13F filers, Q4 2024 → Q1 2025: 7,833,951 shares bought and 13,334,871 shares sold, net −5,500,920 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 250 holders
| BlackRock, Inc. | 0.01% | Reduce -6.6% | 11,792,275 | $251.2M |
| Vanguard Group Inc. | 0.00% | Reduce -2.2% | 8,828,935 | $188.1M |
| Ariel Investments | 1.94% | Reduce -0.1% | 7,735,244 | $164.8M |
| Dimensional Fund Advisors LP | 0.03% | Reduce -1.9% | 5,038,956 | $107.3M |
| Brandes Investment Partners, LP | 1.06% | Add +91.0% | 4,916,026 | $104.7M |
| Victory Capital Management Inc. | 0.07% | Add +6.0% | 3,218,394 | $68.6M |
| State Street Corp. | 0.00% | Reduce -5.1% | 2,943,203 | $62.7M |
| American Century Companies Inc. | 0.04% | Add +9.2% | 2,778,368 | $59.2M |
| Wellington Management Group LLP | 0.01% | Reduce -48.7% | 2,725,845 | $58.1M |
| Fisher Asset Management | 0.02% | Add +17.3% | 2,330,394 | $49.6M |
| Barrow Hanley Mewhinney & Strauss LLC | 0.15% | Add +0.9% | 1,967,379 | $41.9M |
| Geode Capital Management, LLC | 0.00% | Add +3.2% | 1,841,050 | $39.2M |
| Charles Schwab Investment Management Inc. | 0.01% | Add +3.4% | 1,529,095 | $32.6M |
| Fuller & Thaler Asset Management, Inc. | 0.12% | Reduce -0.9% | 1,406,606 | $30.0M |
| Northern Trust Corp. | 0.00% | Add +8.4% | 1,077,284 | $22.9M |
| Bank of New York Mellon Corp | 0.00% | Reduce -4.1% | 1,075,190 | $22.9M |
| Morgan Stanley | 0.00% | Reduce -8.2% | 972,948 | $20.7M |
| Arrowstreet Capital, Limited Partnership | 0.01% | Add +80.4% | 846,401 | $18.0M |
| Voloridge Investment Management, LLC | 0.07% | Add +32.1% | 845,468 | $18.0M |
| Pacer Advisors, Inc. | 0.04% | Reduce -72.6% | 676,201 | $14.4M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -35.1% | 652,447 | $13.9M |
| JPMorgan Chase & Co. | 0.00% | Add +76.8% | 554,629 | $11.8M |
| Bridgeway Capital Management, LLC | 0.30% | New | 554,055 | $11.8M |
| Burgundy Asset Management Ltd. | 0.11% | Reduce -89.6% | 481,435 | $10.3M |
| Principal Financial Group Inc. | 0.00% | Add +2.2% | 385,294 | $8.2M |
| Invesco Ltd. | 0.00% | Reduce -15.1% | 361,890 | $7.7M |
| Cooper/Haims Advisors, LLC | 4.04% | New | 349,928 | $7.5M |
| Empowered Funds, LLC | 0.10% | New | 329,055 | $7.0M |
| Hotchkis & Wiley Capital Management LLC | 0.02% | Add +6.8% | 293,630 | $6.3M |
| Bank of America Corp. | 0.00% | Add +47.5% | 257,156 | $5.5M |
| Public Sector Pension Investment Board | 0.02% | Add +26.7% | 245,324 | $5.2M |
| Two Sigma Advisers, LP | 0.01% | Add +0.2% | 244,300 | $5.2M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Add +13.2% | 240,556 | $5.1M |
| Ameriprise Financial Inc. | 0.00% | Add +8.8% | 236,533 | $5.0M |
| Azarias Capital Management, L.P. | 2.78% | Add +20.8% | 235,968 | $5.0M |
| Rhumbline Advisers | 0.00% | Reduce -12.0% | 233,299 | $5.0M |
| GAMCO Investors | 0.05% | No change | 232,200 | $4.9M |
| Jane Street Group, LLC | 0.01% | Add +39.3% | 229,903 | $4.9M |
| Squarepoint Ops LLC | 0.01% | Add +429.1% | 221,803 | $4.7M |
| Voya Investment Management LLC | 0.01% | Add +15.2% | 221,153 | $4.7M |
| Legal & General Group Plc | 0.00% | Reduce -2.5% | 212,050 | $4.5M |
| Two Sigma Investments, LP | 0.01% | Add +69.2% | 193,909 | $4.1M |
| UBS Group AG | 0.00% | Reduce -75.0% | 163,373 | $3.5M |
| Cubist Systematic Strategies, LLC | 0.04% | New | 160,171 | $3.4M |
| First Trust Advisors LP | 0.00% | Reduce -13.0% | 148,990 | $3.2M |
| D. E. Shaw & Co. | 0.00% | Add +1445.7% | 148,708 | $3.2M |
| Swiss National Bank | 0.00% | Reduce -1.7% | 143,100 | $3.0M |
| Bridgewater Associates | 0.01% | New | 142,348 | $3.0M |
| AQR Capital Management | 0.00% | Reduce -12.0% | 135,073 | $2.9M |
| Citadel Advisors | 0.00% | Add +158.6% | 133,401 | $2.8M |
| Barclays PLC | 0.00% | Reduce -18.1% | 130,820 | $2.8M |
| Gabelli Funds LLC | 0.02% | Reduce -7.4% | 124,500 | $2.7M |
| Norges Bank | 0.00% | Reduce -47.1% | 122,106 | $2.6M |
| Citigroup Inc. | 0.00% | Add +0.5% | 121,376 | $2.6M |
| Susquehanna International Group, LLP | 0.00% | Add +174.5% | 120,463 | $2.6M |
| Qube Research & Technologies Ltd | 0.00% | Reduce -69.3% | 111,816 | $2.4M |
| Holocene Advisors, LP | 0.01% | Add +101.1% | 110,524 | $2.4M |
| State Board of Administration of Florida Retirement System | 0.00% | No change | 109,852 | $2.3M |
| Heartland Advisors Inc. | 0.13% | Reduce -29.1% | 107,076 | $2.3M |
| HRT Financial LP | 0.01% | New | 103,355 | $2.2M |
| Balyasny Asset Management L.P. | 0.01% | New | 102,147 | $2.2M |
| Deutsche Bank AG | 0.00% | Reduce -23.0% | 102,002 | $2.2M |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.02% | — | 101,172 | $2.2M |
| Nuveen, LLC | 0.00% | — | 185,385 | $2.1M |
| Alliancebernstein L.P. | 0.00% | No change | 94,154 | $2.0M |
| State of New Jersey Common Pension Fund D | 0.01% | Add +16.8% | 87,653 | $1.9M |
| New York State Teachers Retirement System | 0.00% | Reduce -0.1% | 83,794 | $1.8M |
| Point72 Asset Management | 0.00% | New | 78,980 | $1.7M |
| Mackenzie Financial Corp. | 0.00% | Add +557.1% | 77,877 | $1.7M |
| Marshall Wace, LLP | 0.00% | Add +40.0% | 77,055 | $1.6M |
| Prudential Financial Inc. | 0.00% | Reduce -5.1% | 76,035 | $1.6M |
| Gotham Asset Management | 0.01% | Add +104.2% | 70,583 | $1.5M |
| California State Teachers Retirement System | 0.00% | Reduce -2.9% | 67,538 | $1.4M |
| CANADA LIFE ASSURANCE Co | 0.00% | Reduce -11.5% | 65,950 | $1.4M |
| Wells Fargo & Company | 0.00% | Add +2.0% | 59,497 | $1.3M |
| Twinbeech Capital LP | 0.02% | Add +248.6% | 59,490 | $1.3M |
| Cresset Asset Management, LLC | 0.01% | Reduce -5.3% | 59,118 | $1.3M |
| Envestnet Asset Management Inc. | 0.00% | Add +219.5% | 57,481 | $1.2M |
| T. Rowe Price Associates Inc. | 0.00% | Add +13.7% | 57,231 | $1.2M |
| Thrivent Financial for Lutherans | 0.00% | Reduce -5.4% | 56,822 | $1.2M |
| Versor Investments LP | 0.20% | New | 56,200 | $1.2M |
| Lazard Asset Management LLC | 0.00% | Add +22.0% | 56,236 | $1.2M |
| Dean Investment Associates, LLC | 0.17% | Reduce -64.3% | 54,687 | $1.2M |
| Graham Capital Management, L.P. | 0.05% | New | 50,862 | $1.1M |
| WINTON GROUP Ltd | 0.06% | Add +14.2% | 49,595 | $1.1M |
| MetLife Investment Management, LLC | 0.01% | Reduce -3.5% | 46,361 | $987K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Add +4.5% | 46,307 | $986K |
| ExodusPoint Capital Management, LP | 0.01% | New | 46,111 | $982K |
| Russell Investments Group, Ltd. | 0.00% | Reduce -0.3% | 44,584 | $950K |
| Sei Investments Co. | 0.00% | Add +28.6% | 44,502 | $948K |
| State of Alaska, Department of Revenue | 0.01% | Reduce -3.0% | 42,865 | $913K |
| Aquatic Capital Management LLC | 0.02% | Reduce -36.4% | 42,793 | $911K |
| Atria Investments, Inc | 0.01% | Add +51.5% | 41,891 | $892K |
| Illinois Municipal Retirement Fund | 0.01% | Reduce -7.7% | 40,947 | $872K |
| Intech Investment Management LLC | 0.01% | Add +23.7% | 40,824 | $870K |
| Corebridge Financial, Inc. | 0.01% | Reduce -1.9% | 40,643 | $866K |
| Manufacturers Life Insurance Company, The | 0.00% | Add +2.5% | 40,253 | $857K |
| Klein Pavlis & Peasley Financial, Inc. | 0.62% | New | 39,963 | $856K |
| Comerica Bank | 0.00% | Reduce -2.5% | 39,377 | $839K |
| Dean Capital Management | 0.36% | Reduce -62.6% | 38,524 | $821K |
| Louisiana State Employees Retirement System | 0.02% | Reduce -3.2% | 36,400 | $775K |
| Ensign Peak Advisors, Inc | 0.00% | No change | 35,459 | $755K |
| State of Wisconsin Investment Board | 0.00% | Add +34.7% | 35,153 | $749K |
| Janus Henderson Group PLC | 0.00% | No change | 34,064 | $737K |
| XTX Topco Ltd | 0.04% | New | 34,179 | $728K |
| SummerHaven Investment Management, LLC | 0.51% | Add +1.8% | 34,150 | $727K |
| South Dakota Investment Council | 0.01% | No change | 33,890 | $722K |
| State of Tennessee, Department of Treasury | 0.00% | No change | 33,516 | $714K |
| LPL Financial LLC | 0.00% | Add +87.9% | 33,000 | $703K |
| Sanctuary Advisors, LLC | 0.00% | Add +39.1% | 32,936 | $702K |
| Quantbot Technologies LP | 0.02% | Reduce -13.6% | 31,380 | $668K |
| Royal Bank of Canada | 0.00% | Add +17.7% | 30,474 | $649K |
| Teacher Retirement System of Texas | 0.00% | Reduce -21.7% | 29,445 | $627K |
| Amundi | 0.00% | Reduce -22.3% | 31,352 | $624K |
| Jacobs Levy Equity Management, Inc. | 0.00% | New | 29,263 | $623K |
| Yousif Capital Management, LLC | 0.01% | Reduce -2.6% | 28,874 | $615K |
| Teachers Retirement System of the State of Kentucky | 0.01% | No change | 27,533 | $587K |
| KLP Kapitalforvaltning As | 0.00% | Add +92.9% | 27,000 | $575K |
| Man Group plc | 0.00% | New | 25,291 | $539K |
| Capital Fund Management S.A. | 0.01% | New | 24,276 | $517K |
| Legato Capital Management LLC | 0.07% | Reduce -62.6% | 24,268 | $517K |
| O'shaughnessy Asset Management, LLC | 0.00% | Add +114.0% | 24,030 | $512K |
| EntryPoint Capital, LLC | 0.23% | Add +33.8% | 23,898 | $509K |
| Schonfeld Strategic Advisors LLC | 0.00% | Add +6.5% | 23,837 | $508K |
| New York State Common Retirement Fund | 0.00% | No change | 23,573 | $502K |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | New | 23,460 | $500K |
| Keeley-Teton Advisors, LLC | 0.06% | Add +36.4% | 23,148 | $493K |
| Vident Advisory, LLC | 0.01% | Add +12.5% | 22,793 | $485K |
| Maryland State Retirement & Pension System | 0.01% | Reduce -14.3% | 22,549 | $480K |
| Amalgamated Bank | 0.00% | Reduce -3.3% | 22,214 | $473K |
| Brevan Howard Capital Management LP | 0.01% | New | 21,715 | $463K |
| Daymark Wealth Partners, LLC | 0.02% | No change | 21,270 | $453K |
| Arizona State Retirement System | 0.00% | Reduce -1.4% | 21,181 | $451K |
| Creative Planning | 0.00% | Add +132.1% | 20,821 | $443K |
| SummitTX Capital, L.P. | 0.02% | — | 20,431 | $435K |
| Merit Financial Group, LLC | 0.01% | New | 19,922 | $424K |
| Federated Hermes, Inc. | 0.00% | Reduce -14.8% | 19,779 | $421K |
| Inspire Investing, LLC | 0.05% | Add +2.1% | 18,903 | $403K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.00% | Add +11.6% | 18,513 | $394K |
| ProShare Advisors LLC | 0.00% | Reduce -21.9% | 18,326 | $390K |
| Oregon Public Employees Retirement Fund | 0.01% | Reduce -2.7% | 17,757 | $378K |
| Cibc World Markets Corp. | 0.00% | New | 17,277 | $368K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | No change | 17,132 | $365K |
| Easterly Investment Partners LLC | 0.03% | No change | 17,115 | $365K |
| Keybank National Association | 0.00% | Add +8.6% | 16,851 | $359K |
| Raymond James Financial Inc. | 0.00% | Add +3.3% | 16,023 | $341K |
| Entropy Technologies, LP | 0.03% | New | 15,929 | $339K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 15,770 | $336K |
| Freestone Grove Partners LP | 0.00% | Add +12.7% | 15,741 | $335K |
| Investors Research Corp | 0.07% | Add +1.3% | 15,525 | $331K |
| Aigen Investment Management, LP | 0.05% | New | 15,025 | $320K |
| Ieq Capital, LLC | 0.00% | New | 14,436 | $307K |
| State of Wyoming | 0.04% | Add +20.2% | 14,431 | $307K |
| FMR LLC | 0.00% | Reduce -23.0% | 14,220 | $303K |
| Engineers Gate Manager LP | 0.01% | New | 14,205 | $303K |
| &partners | 0.00% | New | 13,493 | $299K |
| Staley Capital Advisers Inc. | 0.01% | No change | 13,733 | $293K |
| Janney Montgomery Scott LLC | 0.00% | Add +17.8% | 13,242 | $282K |
| Central Pacific Bank - Trust Division | 0.04% | No change | 13,228 | $282K |
| Verition Fund Management LLC | 0.00% | Add +0.4% | 13,038 | $278K |
| HSBC Holdings PLC | 0.00% | Reduce -80.3% | 12,769 | $271K |
| Ballentine Partners, LLC | 0.00% | New | 12,271 | $261K |
| ARGA Investment Management, LP | 0.01% | Add +0.4% | 12,259 | $261K |
| Fox Run Management, L.L.C. | 0.04% | New | 12,146 | $259K |
| Bank of Montreal | 0.00% | Add +26.8% | 11,969 | $255K |
| Neuberger Berman Group LLC | 0.00% | Add +4.2% | 11,840 | $252K |
| Mutual of America Capital Management LLC | 0.00% | Reduce -4.3% | 11,266 | $240K |
| New Age Alpha Advisors, LLC | 0.01% | Reduce -1.7% | 11,216 | $239K |
| Pictet Asset Management Holding SA | 0.00% | Add +16.3% | 10,393 | $221K |
| Jefferies Financial Group Inc. | 0.00% | New | 9,766 | $208K |
| GMO | 0.00% | New | 9,496 | $202K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 8,721 | $186K |
| Ameritas Investment Partners, Inc. | 0.01% | No change | 7,762 | $165K |
| AlphaQuest LLC | 0.02% | New | 7,314 | $156K |
| Point72 Hong Kong Ltd | 0.01% | New | 7,190 | $153K |
| BNP Paribas Financial Markets | 0.00% | Reduce -84.7% | 7,035 | $150K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -70.5% | 4,931 | $105K |
| Johnson Financial Group, Inc. | 0.00% | New | 4,185 | $89K |
| Covestor Ltd | 0.05% | Reduce -6.9% | 3,490 | $74K |
| KBC Group NV | 0.00% | Reduce -1.9% | 3,287 | $70K |
| Quadrant Capital Group LLC | 0.00% | Add +62.9% | 3,015 | $64K |
| Bayforest Capital Ltd | 0.03% | New | 3,007 | $64K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -66.2% | 3,006 | $64K |
| Public Employees Retirement System of Ohio | 0.00% | Add +8.7% | 3,000 | $64K |
| Cwm, LLC | 0.00% | Reduce -33.2% | 2,968 | $63K |
| Osaic Holdings, Inc. | 0.00% | Add +129.9% | 2,688 | $57K |
| DekaBank Deutsche Girozentrale | 0.00% | New | 2,489 | $52K |
| Natixis | 0.00% | Add +0.4% | 2,322 | $49K |
| US Bancorp \de | 0.00% | Add +93.4% | 2,145 | $46K |
| Parallel Advisors, LLC | 0.00% | Add +107.6% | 1,958 | $42K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +151.8% | 1,682 | $36K |
| Curat Global, LLC | 0.04% | — | 1,655 | $35K |
| Sterling Capital Management LLC | 0.00% | Reduce -45.3% | 1,343 | $29K |
| Signaturefd, LLC | 0.00% | Reduce -39.7% | 1,229 | $26K |
| Canada Pension Plan Investment Board | 0.00% | No change | 1,200 | $26K |
| Wilmington Savings Fund Society, FSB | 0.00% | Reduce -0.1% | 1,167 | $25K |
| First Horizon Advisors, Inc. | 0.00% | Add +72.0% | 958 | $20K |
| Blue Trust, Inc. | 0.00% | Add +22.5% | 905 | $19K |
| Smartleaf Asset Management LLC | 0.00% | Reduce -5.0% | 863 | $19K |
| Headlands Technologies LLC | 0.00% | Reduce -60.1% | 845 | $18K |
| Nomura Asset Management Co. Ltd. | 0.00% | No change | 740 | $16K |
| Coldstream Capital Management Inc. | 0.00% | New | 694 | $15K |
| Rise Advisors, LLC | 0.01% | Add +0.9% | 637 | $14K |
| Farther Finance Advisors, LLC | 0.00% | Add +16.7% | 629 | $13K |
| Parkside Financial Bank & Trust | 0.00% | Add +7112.5% | 577 | $12K |
| GAMMA Investing LLC | 0.00% | Reduce -62.5% | 547 | $12K |
| Fifth Third Bancorp | 0.00% | Reduce -20.6% | 460 | $10K |
| Roble, Belko & Company, Inc | 0.00% | No change | 400 | $9K |
| Harbor Capital Advisors, Inc. | 0.00% | New | 412 | $9K |
| Legacy Wealth Managment, LLC | 0.01% | No change | 400 | $9K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +162.5% | 336 | $7K |
| Capital Advisors, Ltd. LLC | 0.00% | No change | 306 | $7K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | No change | 289 | $6K |
| Optiver Holding B.V. | 0.00% | New | 270 | $6K |
| Macquarie Group Ltd. | 0.00% | New | 270 | $6K |
| Harbour Investments, Inc. | 0.00% | No change | 250 | $5K |
| Hexagon Capital Partners LLC | 0.00% | Reduce -8.2% | 224 | $5K |
| UMB Bank, n.a. | 0.00% | Reduce -9.1% | 200 | $4K |
| Kestra Investment Management, LLC | 0.00% | New | 192 | $4K |
| Smithfield Trust Co | 0.00% | No change | 200 | $4K |
| True Wealth Design, LLC | 0.00% | New | 156 | $3K |
| Lindbrook Capital, LLC | 0.00% | Add +19.4% | 148 | $3K |
| LRI Investments, LLC | 0.00% | No change | 139 | $3K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Reduce -70.9% | 134 | $3K |
| Versant Capital Management, Inc | 0.00% | Reduce -84.6% | 107 | $2K |
| Private Trust Co. NA | 0.00% | New | 100 | $2K |
| Principal Securities, Inc. | 0.00% | No change | 86 | $2K |
| Rothschild Investment LLC | 0.00% | Reduce -18.2% | 90 | $2K |
| Prestige Wealth Management Group LLC | 0.00% | No change | 86 | $2K |
| Physician Wealth Advisors, Inc. | 0.00% | New | 69 | $1K |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 55 | $1K |
| JFS Wealth Advisors, LLC | 0.00% | Reduce -18.5% | 53 | $1K |
| Hemington Wealth Management | 0.00% | Add +22.6% | 76 | $1K |
| Bare Financial Services, Inc | 0.00% | New | 37 | $788 |
| Allworth Financial LP | 0.00% | Reduce -70.6% | 40 | $788 |
| Stephens Consulting, LLC | 0.00% | New | 30 | $639 |
| Jones Financial Companies LLLP | 0.00% | New | 19 | $411 |
| NewSquare Capital LLC | 0.00% | New | 18 | $383 |
| DiNuzzo Private Wealth, Inc. | 0.00% | Reduce -7.7% | 12 | $256 |
| CoreCap Advisors, LLC | 0.00% | New | 11 | $234 |
| Sandy Spring Bank | 0.00% | No change | 10 | $213 |
| Global Financial Private Client, LLC | 0.00% | Add +80.0% | 9 | $192 |
| WealthTrak Capital Management LLC | 0.00% | New | 5 | $107 |
| SJS Investment Consulting Inc. | 0.00% | Reduce -68.8% | 5 | $107 |
| Bay Harbor Wealth Management, LLC | 0.00% | New | 5 | $106 |
| Parkworth Wealth Management, Inc. | 0.00% | No change | 2 | $43 |
| HFM Investment Advisors, LLC | 0.00% | — | 2 | $43 |
| Huntington National Bank | 0.00% | Reduce -99.2% | 1 | $21 |
| SBI Securities Co., Ltd. | 0.00% | No change | 1 | $21 |
| Avion Wealth | 0.00% | New | 22 | $0 |
"% of holder's portfolio" is KMT's weight in each manager's 13F, not the share of Kennametal Inc. the manager owns.