Newmark Group Inc. Class ANMRK

13F holders, Q2 2025 (June 30)
286holders −10
32new positions
45sold out
9famous investors
$12.15avg. 13F price*

At the end of Q2 2025, 286 institutions reported holding Newmark Group Inc. Class A (NMRK) in their 13F filings, down 10 from Q1 2025. 32 opened new positions and 45 sold out. The largest holders were Vanguard Group Inc. ($267.1M), BlackRock, Inc. ($129.8M) and Dimensional Fund Advisors LP ($80.2M). 9 famous investors held it, including Israel Englander (0.0% of Millennium Management's portfolio), Ken Griffin (0.0% of Citadel Advisors's portfolio) and David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio).

Company
Newmark Group Inc. Class A
CUSIP
65158N102
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300400 Q1 2024: 233Q1 2024Q2 2024: 235Q2 2024Q3 2024: 253Q3 2024Q4 2024: 275Q4 2024Q1 2025: 296Q1 2025Q2 2025: 286Q2 2025Q3 2025: 290Q3 2025Q4 2025: 301Q4 2025Q1 2026: 310Q1 2026Q2 2026: 316Q2 2026

Total Exit/New Position Q1 2025 → Q2 2025

InstitutionsTotal Value
New Positions32$44.1M
Exits45$36.7M

All 13F filers, Q1 2025 → Q2 2025: 13,455,030 shares bought and 12,069,490 shares sold, net +1,385,540 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 286 holders

Vanguard Group Inc. 0.00% Add +9.6% 21,983,055 $267.1M
BlackRock, Inc. 0.00% Add +1.6% 10,686,184 $129.8M
Dimensional Fund Advisors LP 0.02% Add +1.3% 6,603,500 $80.2M
Empyrean Capital Partners, LP 2.76% No change 4,360,150 $53.0M
Geode Capital Management, LLC 0.00% Add +5.9% 3,823,432 $46.5M
State Street Corp. 0.00% Add +2.3% 3,700,519 $45.0M
Principal Financial Group Inc. 0.02% Reduce -12.4% 2,590,327 $31.5M
Ameriprise Financial Inc. 0.01% Add +88.9% 2,520,314 $30.6M
Goldman Sachs Group Inc. 0.00% Reduce -0.0% 2,481,226 $30.1M
Millennium Management 0.03% Reduce -33.2% 2,429,483 $29.5M
Boston Partners 0.03% Add +65.2% 2,212,910 $26.9M
Charles Schwab Investment Management Inc. 0.00% Add +8.7% 2,131,300 $25.9M
Nuveen, LLC 0.01% Add +16.0% 2,049,238 $24.9M
Leeward Investments, LLC - MA 1.20% Add +9.4% 1,847,999 $22.5M
Penn Capital Management Company, LLC 1.78% Add +11.9% 1,687,380 $20.6M
Morgan Stanley 0.00% Reduce -0.2% 1,602,443 $19.5M
Systematic Financial Management LP 0.52% Add +6.9% 1,589,080 $19.3M
Invesco Ltd. 0.00% Reduce -13.8% 1,584,707 $19.3M
Northern Trust Corp. 0.00% Add +1.3% 1,436,327 $17.5M
JPMorgan Chase & Co. 0.00% Reduce -20.3% 1,357,755 $16.5M
Raymond James Financial Inc. 0.01% Add +84.5% 1,336,702 $16.2M
Adage Capital Partners Gp, L.L.C. 0.02% New 1,200,000 $14.6M
Bank of New York Mellon Corp 0.00% Add +1.9% 1,093,458 $13.3M
New York State Common Retirement Fund 0.02% Add +10.7% 1,042,497 $12.7M
Citadel Advisors 0.01% Add +27.1% 1,015,430 $12.3M
Russell Investments Group, Ltd. 0.01% Add +3.1% 955,516 $11.6M
Qube Research & Technologies Ltd 0.02% Reduce -1.5% 951,103 $11.6M
Bank of America Corp. 0.00% Reduce -8.7% 805,342 $9.8M
Cubist Systematic Strategies, LLC 0.09% Add +17.8% 706,779 $8.6M
Wells Fargo & Company 0.00% Reduce -23.4% 667,841 $8.1M
Federated Hermes, Inc. 0.01% Add +2.7% 615,463 $7.5M
Algert Global LLC 0.15% Add +54.0% 606,039 $7.4M
UBS Group AG 0.00% Add +169.2% 554,325 $6.7M
D. E. Shaw & Co. 0.01% Add +69.9% 536,300 $6.5M
Wellington Management Group LLP 0.00% New 535,677 $6.5M
Macquarie Group Ltd. 0.01% New 528,937 $6.4M
Deutsche Bank AG 0.00% Add +295.8% 441,216 $5.4M
Jain Global LLC 0.09% Add +3559.0% 439,665 $5.3M
Allianz Asset Management GmbH 0.01% Reduce -17.6% 428,159 $5.2M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Add +47.8% 423,197 $5.1M
Clark Capital Management Group, Inc. 0.03% Add +10.9% 367,072 $4.5M
Trexquant Investment LP 0.05% Add +1480.6% 340,312 $4.1M
State of Wisconsin Investment Board 0.01% Reduce -13.4% 335,089 $4.1M
Marshall Wace, LLP 0.00% New 334,367 $4.1M
Robertson Stephens Wealth Management, LLC 0.14% Add +0.8% 326,724 $4.0M
HGI Capital Management, LLC 4.82% Reduce -16.1% 292,757 $3.6M
Arrowstreet Capital, Limited Partnership 0.00% Reduce -75.4% 280,019 $3.4M
CM Management, LLC 3.04% No change 275,000 $3.3M
Swiss National Bank 0.00% Reduce -0.7% 273,807 $3.3M
Segall Bryant & Hamill, LLC 0.05% Reduce -7.2% 264,834 $3.2M
Barclays PLC 0.00% Add +57.7% 257,859 $3.1M
Rhumbline Advisers 0.00% Add +4.9% 233,498 $2.8M
Susquehanna International Group, LLP 0.00% Reduce -39.0% 224,934 $2.7M
FMR LLC 0.00% Reduce -87.8% 221,421 $2.7M
Two Sigma Investments, LP 0.00% Add +903.9% 212,018 $2.6M
Panagora Asset Management Inc. 0.01% No change 187,221 $2.3M
Zacks Investment Management 0.02% Reduce -1.6% 177,771 $2.2M
Alliancebernstein L.P. 0.00% Reduce -1.1% 168,887 $2.1M
Sei Investments Co. 0.00% Add +36.1% 167,255 $2.0M
Edge Wealth Management LLC 0.38% Add +0.0% 164,090 $2.0M
Jefferies Financial Group Inc. 0.03% Add +75.1% 162,120 $2.0M
Orion Porfolio Solutions, LLC 0.02% Add +9.4% 152,431 $1.9M
Quinn Opportunity Partners LLC 0.16% No change 151,280 $1.8M
Legal & General Group Plc 0.00% Reduce -1.0% 151,022 $1.8M
Brevan Howard Capital Management LP 0.02% Add +1205.1% 148,664 $1.8M
Jackson Creek Investment Advisors LLC 0.46% New 140,074 $1.7M
T. Rowe Price Associates Inc. 0.00% Add +7.8% 139,586 $1.7M
Greenland Capital Management LP 0.22% New 136,052 $1.7M
AQR Capital Management 0.00% Add +55.6% 135,911 $1.7M
XTX Topco Ltd 0.07% New 135,442 $1.6M
Lazard Asset Management LLC 0.00% Add +335.9% 132,043 $1.6M
California State Teachers Retirement System 0.00% Add +1.5% 130,210 $1.6M
Schonfeld Strategic Advisors LLC 0.01% Reduce -7.7% 129,864 $1.6M
Tranquility Partners, LLC 0.56% Reduce -7.5% 128,568 $1.6M
ExodusPoint Capital Management, LP 0.02% Reduce -34.7% 128,015 $1.6M
Point72 Asset Management 0.00% Add +61.8% 122,700 $1.5M
Squarepoint Ops LLC 0.00% Reduce -35.9% 118,482 $1.4M
Graham Capital Management, L.P. 0.04% Reduce -39.5% 116,364 $1.4M
Verition Fund Management LLC 0.01% Add +52.4% 109,786 $1.3M
LPL Financial LLC 0.00% Add +6.0% 109,656 $1.3M
Victory Capital Management Inc. 0.00% Reduce -59.0% 107,352 $1.3M
Franklin Resources Inc. 0.00% No change 105,567 $1.3M
Oliver Luxxe Assets LLC 0.23% Add +2.3% 105,297 $1.3M
RBF Capital, LLC 0.06% No change 105,000 $1.3M
Prudential Financial Inc. 0.00% Add +27.9% 101,645 $1.2M
First Trust Advisors LP 0.00% Reduce -24.6% 97,290 $1.2M
Y-Intercept (Hong Kong) Ltd 0.03% Add +288.9% 97,048 $1.2M
Engineers Gate Manager LP 0.01% Reduce -35.5% 96,079 $1.2M
Intech Investment Management LLC 0.01% Reduce -24.7% 95,909 $1.2M
Lido Advisors, LLC 0.01% No change 94,073 $1.1M
Envestnet Asset Management Inc. 0.00% Add +59.3% 93,937 $1.1M
Norges Bank 0.00% Reduce -59.6% 87,965 $1.1M
Summit Global Investments 0.06% Add +2.6% 87,223 $1.1M
Aquatic Capital Management LLC 0.02% Add +87.6% 86,917 $1.1M
Ashton Thomas Securities, LLC 0.25% Add +0.4% 85,669 $1.0M
State of New Jersey Common Pension Fund D 0.00% No change 85,000 $1.0M
Mountain Hill Investment Partners Corp. 0.86% New 84,354 $1.0M
Nebula Research & Development LLC 0.09% Reduce -16.0% 84,190 $1.0M
MetLife Investment Management, LLC 0.01% Add +1.6% 80,173 $974K
Nisa Investment Advisors, LLC 0.00% Reduce -0.1% 75,134 $913K
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Reduce -4.6% 74,737 $908K
Manufacturers Life Insurance Company, The 0.00% Reduce -1.8% 74,025 $899K
Capital Fund Management S.A. 0.01% New 73,260 $890K
Cetera Investment Advisers 0.00% Add +20.6% 73,206 $889K
Janus Henderson Group PLC 0.00% No change 69,637 $846K
GMO 0.00% No change 69,321 $842K
Voya Investment Management LLC 0.00% Reduce -20.9% 66,644 $810K
Jacobs Levy Equity Management, Inc. 0.00% Reduce -44.6% 63,257 $769K
Jump Financial, LLC 0.01% New 62,112 $755K
AlphaQuest LLC 0.07% Add +58561.5% 61,008 $741K
KDK Private Wealth Management, LLC 0.78% No change 60,000 $729K
Allspring Global Investments Holdings, LLC 0.00% Reduce -5.5% 58,675 $713K
Osaic Holdings, Inc. 0.00% Add +57.1% 58,545 $712K
Citigroup Inc. 0.00% Reduce -65.4% 58,400 $710K
Access Investment Management LLC 0.20% — 57,598 $700K
Creative Planning 0.00% Reduce -11.3% 57,080 $694K
Petrus Trust Company, LTA 0.07% Add +93.8% 55,483 $674K
Campbell & CO Investment Adviser LLC 0.04% Reduce -17.4% 51,961 $631K
Renaissance Technologies 0.00% Add +13.7% 49,945 $607K
Two Sigma Advisers, LP 0.00% Add +353.2% 49,400 $600K
Bailard, Inc. 0.01% No change 49,201 $598K
Handelsbanken Fonder AB 0.00% Reduce -3.8% 48,117 $585K
American Century Companies Inc. 0.00% Reduce -96.5% 47,325 $575K
Man Group plc 0.00% Reduce -29.6% 46,203 $561K
Tudor Investment Corporation 0.00% Reduce -74.4% 46,165 $561K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% No change 45,810 $557K
Balyasny Asset Management L.P. 0.00% New 43,925 $534K
PDT Partners, LLC 0.03% Reduce -31.6% 42,245 $513K
Arizona State Retirement System 0.00% Add +2.4% 41,773 $508K
Prescott Group Capital Management, L.L.C. 0.06% New 40,000 $486K
Wealth Enhancement Advisory Services, LLC 0.00% Add +14.5% 38,443 $481K
State Board of Administration of Florida Retirement System 0.00% No change 39,197 $476K
Cullen Capital Management, LLC 0.01% New 36,377 $442K
Zuckerman Investment Group, LLC 0.04% No change 36,250 $440K
Fox Run Management, L.L.C. 0.07% Reduce -34.1% 35,298 $429K
Vident Advisory, LLC 0.00% Reduce -8.3% 33,645 $409K
Versor Investments LP 0.07% Add +94.9% 33,326 $405K
Jane Street Group, LLC 0.00% Reduce -91.6% 32,642 $397K
EntryPoint Capital, LLC 0.20% New 32,586 $396K
HighTower Advisors, LLC 0.00% Add +42.9% 31,907 $388K
DRW Securities, LLC 0.03% New 30,822 $374K
Meeder Asset Management Inc. 0.02% No change 30,293 $368K
Police & Firemen's Retirement System of New Jersey 0.00% Add +8.5% 29,953 $364K
KLP Kapitalforvaltning As 0.00% No change 29,805 $362K
Numerai GP LLC 0.05% New 29,547 $359K
HSBC Holdings PLC 0.00% Add +27.1% 28,243 $342K
ProShare Advisors LLC 0.00% Reduce -1.9% 27,965 $340K
L.K. Benson & Company, P.C. 0.21% No change 27,704 $337K
Public Employees Retirement System of Ohio 0.00% Reduce -21.2% 27,654 $336K
SG Americas Securities, LLC 0.00% Reduce -93.5% 27,578 $335K
Bleakley Financial Group, LLC 0.01% New 27,550 $335K
Dark Forest Capital Management LP 0.01% Reduce -67.9% 26,191 $318K
CWC Advisors, LLC. 0.16% Add +2.5% 25,704 $312K
STRS Ohio 0.00% Add +4.9% 25,700 $312K
Great Lakes Advisors, LLC 0.00% Reduce -2.4% 25,554 $310K
State of Wyoming 0.04% Reduce -23.1% 25,093 $305K
Mariner, LLC 0.00% Add +8.7% 24,656 $300K
Royal Bank of Canada 0.00% Reduce -45.3% 24,593 $298K
Focus Partners Advisor Solutions, LLC 0.00% Reduce -69.2% 24,233 $294K
Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% Add +9.3% 23,720 $288K
Vanguard Personalized Indexing Management, LLC 0.00% Reduce -1.6% 23,653 $287K
Choreo, LLC 0.00% Reduce -6.7% 22,378 $272K
CSM Advisors, LLC 0.01% New 21,954 $267K
Teacher Retirement System of Texas 0.00% Add +4.6% 21,743 $264K
Asset Management One Co., Ltd. 0.00% Reduce -15.2% 21,436 $260K
Mercer Global Advisors Inc. 0.00% Reduce -0.1% 20,224 $246K
Pictet Asset Management Holding SA 0.00% Reduce -26.1% 20,077 $244K
Caxton Associates LLP 0.01% Reduce -11.9% 19,950 $242K
Bridgefront Capital, LLC 0.06% Reduce -1.9% 19,672 $239K
Callan Family Office, LLC 0.01% New 18,594 $226K
IFP Advisors, Inc 0.01% Reduce -38.9% 17,805 $223K
Arkhouse Management Co. LP 0.60% New 18,201 $221K
Gotham Asset Management 0.00% Reduce -42.3% 18,002 $219K
Ieq Capital, LLC 0.00% New 17,190 $209K
Cibc World Markets Corp. 0.00% Reduce -42.5% 16,803 $204K
Voloridge Investment Management, LLC 0.00% New 16,622 $202K
DekaBank Deutsche Girozentrale 0.00% No change 16,484 $201K
Public Employees Retirement Association of Colorado 0.00% Reduce -7.5% 16,381 $199K
Systematic Alpha Investments, LLC 0.01% No change 16,200 $197K
Quantinno Capital Management LP 0.00% Add +17.4% 16,027 $195K
PNC Financial Services Group, Inc. 0.00% Add +11.0% 15,985 $194K
Neuberger Berman Group LLC 0.00% Add +27.1% 15,481 $188K
CANADA LIFE ASSURANCE Co 0.00% No change 15,310 $186K
Inceptionr LLC 0.04% New 14,494 $176K
Tower Research Capital LLC (TRC) 0.00% Add +208.0% 14,488 $176K
BNP Paribas Financial Markets 0.00% Reduce -47.5% 14,450 $176K
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% Reduce -88.5% 14,295 $174K
Focus Partners Wealth 0.00% Add +5.6% 13,557 $165K
Ameritas Investment Partners, Inc. 0.01% No change 13,379 $163K
Entropy Technologies, LP 0.01% New 12,957 $157K
Point72 (DIFC) Ltd 0.01% Reduce -52.0% 12,877 $156K
Oppenheimer Asset Management Inc. 0.00% Add +8.4% 12,515 $152K
OneDigital Investment Advisors LLC 0.00% Add +4.7% 12,435 $151K
Atria Investments, Inc 0.00% New 11,980 $146K
Coldstream Capital Management Inc. 0.00% Add +3.2% 11,944 $145K
QRG Capital Management, Inc. 0.00% Add +3.5% 11,867 $144K
Cwm, LLC 0.00% Add +53.3% 11,793 $143K
Sanctuary Advisors, LLC 0.00% New 11,696 $142K
Emergent Wealth Advisors, LLC 0.09% No change 11,410 $139K
Point72 Asia (Singapore) Pte. Ltd. 0.02% Reduce -55.5% 11,404 $139K
WINTON GROUP Ltd 0.01% New 11,320 $138K
VIRGINIA RETIREMENT SYSTEMS ET Al 0.00% Reduce -20.0% 10,800 $131K
Xponance LLC 0.00% Add +5.4% 10,559 $128K
Aurora Private Wealth, Inc. 0.09% Add +0.3% 10,518 $128K
Berry Wealth Group, LP 0.09% Add +0.1% 10,453 $127K
MML Investors Services, LLC 0.00% Reduce -19.3% 10,261 $125K
Evergreen Capital Management LLC 0.00% Reduce -5.8% 10,175 $124K
Assetmark, Inc. 0.00% Add +1.1% 7,716 $94K
Quantbot Technologies LP 0.00% Reduce -88.1% 6,605 $80K
US Bancorp \de 0.00% Reduce -89.4% 4,631 $56K
Amalgamated Bank 0.00% No change 4,641 $56K
Danske Bank A/S 0.00% Reduce -96.1% 4,566 $55K
Aster Capital Management (DIFC) Ltd 0.01% New 4,382 $53K
KBC Group NV 0.00% Reduce -38.0% 3,980 $48K
Sterling Capital Management LLC 0.00% Add +62.1% 3,682 $45K
Comerica Bank 0.00% Add +33.3% 3,408 $41K
Fifth Third Bancorp 0.00% Reduce -1.8% 3,372 $41K
Ancora Advisors LLC 0.00% No change 3,000 $36K
Arax Advisory Partners 0.00% Add +6.0% 2,479 $30K
Atwood & Palmer Inc. 0.00% No change 2,424 $29K
Princeton Global Asset Management LLC 0.00% No change 2,000 $24K
Cullen/Frost Bankers, Inc. 0.00% Add +155.4% 1,839 $22K
Bessemer Group Inc. 0.00% Add +11.2% 1,714 $21K
GAMMA Investing LLC 0.00% Add +17.3% 1,598 $19K
Traub Capital Management LLC 0.02% — 1,500 $18K
Principal Securities, Inc. 0.00% Add +19.9% 1,375 $17K
Geneos Wealth Management Inc. 0.00% No change 1,334 $16K
Signaturefd, LLC 0.00% Reduce -11.0% 1,327 $16K
Kimelman & Baird, LLC 0.00% No change 1,273 $15K
Simplex Trading, LLC 0.00% Add +239.3% 1,296 $15K
EverSource Wealth Advisors, LLC 0.00% Add +201.5% 1,227 $15K
Optiver Holding B.V. 0.00% No change 1,098 $13K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% New 1,101 $13K
LRI Investments, LLC 0.00% No change 1,048 $13K
Global Retirement Partners, LLC 0.00% — 986 $12K
TruNorth Capital Management, LLC 0.00% No change 927 $11K
Larson Financial Group LLC 0.00% Add +815.8% 925 $11K
Steward Partners Investment Advisory, LLC 0.00% Reduce -4.2% 800 $10K
Harbor Capital Advisors, Inc. 0.00% Add +17.4% 741 $9K
Clearstead Advisors, LLC 0.00% Add +82.0% 697 $8K
Pension & Wealth Management Advisors, Inc. 0.00% No change 695 $8K
Richardson Financial Services Inc. 0.00% No change 581 $7K
Hillsdale Investment Management Inc. 0.00% Reduce -10.0% 450 $5K
Farther Finance Advisors, LLC 0.00% Reduce -10.8% 429 $5K
Stephens Consulting, LLC 0.00% Reduce -12.6% 417 $5K
WealthCollab, LLC 0.00% No change 415 $5K
CENTRAL TRUST Co 0.00% No change 413 $5K
First Horizon Advisors, Inc. 0.00% Add +2.2% 413 $5K
Retirement Wealth Solutions LLC 0.00% No change 382 $5K
WPG Advisers, LLC 0.00% Add +9.0% 375 $5K
Rothschild Investment LLC 0.00% Add +50.0% 360 $4K
MassMutual Private Wealth & Trust, FSB 0.00% Reduce -35.9% 354 $4K
Whittier Trust Co. 0.00% No change 340 $4K
Parallel Advisors, LLC 0.00% Reduce -4.3% 308 $4K
Allworth Financial LP 0.00% Reduce -21.4% 254 $3K
Versant Capital Management, Inc 0.00% Reduce -26.1% 246 $3K
MAI Capital Management 0.00% Reduce -3.6% 243 $3K
CIBC Private Wealth Group LLC 0.00% Reduce -58.1% 239 $3K
Hopwood Financial Services, Inc. 0.00% No change 231 $3K
Tortoise Investment Management, LLC 0.00% No change 231 $3K
Brooklyn Investment Group 0.00% Add +34.5% 222 $3K
Harbour Investments, Inc. 0.00% New 192 $2K
Private Trust Co. NA 0.00% No change 189 $2K
Hemington Wealth Management 0.00% Reduce -12.9% 202 $2K
Park Square Financial Group, LLC 0.00% New 152 $2K
Huntington National Bank 0.00% Reduce -82.2% 148 $2K
Essential Partners LLC 0.00% — 129 $2K
Northwestern Mutual Wealth Management Co. 0.00% Add +0.9% 111 $1K
CoreCap Advisors, LLC 0.00% Reduce -84.7% 104 $1K
Smartleaf Asset Management LLC 0.00% Reduce -84.3% 100 $1K
Picton Mahoney Asset Management 0.00% Reduce -99.9% 76 $1K
JFS Wealth Advisors, LLC 0.00% Reduce -46.6% 70 $851
Hollencrest Capital Management 0.00% No change 61 $741
Crewe Advisors LLC 0.00% No change 50 $608
Fortitude Family Office, LLC 0.00% Reduce -21.7% 47 $571
Parkside Financial Bank & Trust 0.00% Reduce -43.8% 45 $547
SBI Securities Co., Ltd. 0.00% Reduce -12.2% 36 $437
Bell Investment Advisors, Inc 0.00% No change 34 $414
DiNuzzo Private Wealth, Inc. 0.00% No change 33 $401
True Wealth Design, LLC 0.00% Reduce -65.8% 28 $341
SJS Investment Consulting Inc. 0.00% Reduce -38.7% 19 $231
HFM Investment Advisors, LLC 0.00% Add +240.0% 17 $207
Bay Harbor Wealth Management, LLC 0.00% Add +366.7% 14 $170
Rialto Wealth Management, LLC 0.00% New 6 $73
Parkworth Wealth Management, Inc. 0.00% No change 5 $61
Covestor Ltd 0.00% Reduce -87.0% 9 $0

"% of holder's portfolio" is NMRK's weight in each manager's 13F, not the share of Newmark Group Inc. Class A the manager owns.