News Corp. Class ANWSA
13F holders, Q3 2024 (September 30)502holders +19
59new positions
37sold out
12famous investors
$26.63avg. 13F price*
At the end of Q3 2024, 502 institutions reported holding News Corp. Class A (NWSA) in their 13F filings, up 19 from Q2 2024. 59 opened new positions and 37 sold out. The largest holders were Vanguard Group Inc. ($1.3B), T. Rowe Price Associates Inc. ($1.1B) and BlackRock, Inc. ($742.5M). 12 famous investors held it, including Jeff Smith (4.1% of Starboard Value's portfolio), Stephen Yacktman (3.3% of Yacktman Asset Management's portfolio) and Alex Sacerdote (0.6% of Whale Rock Capital Management's portfolio).
- Company
- News Corp. Class A
- Sector
- Consumer Discretionary
- CUSIP
- 65249B109
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2024 → Q3 2024
| Institutions | Total Value | |
|---|---|---|
| New Positions | 59 | $142.1M |
| Exits | 37 | $50.0M |
All 13F filers, Q2 2024 → Q3 2024: 37,268,898 shares bought and 34,782,965 shares sold, net +2,485,933 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 502 holders
| Vanguard Group Inc. | 0.02% | Add +0.3% | 50,319,596 | $1.3B |
| T. Rowe Price Associates Inc. | 0.12% | Reduce -34.1% | 40,692,306 | $1.1B |
| BlackRock, Inc. | 0.02% | — | 27,881,473 | $742.5M |
| State Street Corp. | 0.03% | Add +6.1% | 25,799,596 | $689.4M |
| Independent Franchise Partners LLP | 5.59% | Reduce -2.1% | 23,805,179 | $633.9M |
| Barclays PLC | 0.17% | Add +124.0% | 14,713,823 | $391.8M |
| Yacktman Asset Management | 3.32% | Reduce -16.3% | 12,150,358 | $323.6M |
| Dodge & Cox | 0.16% | Reduce -0.4% | 10,417,407 | $277.4M |
| Geode Capital Management, LLC | 0.02% | Add +0.9% | 9,622,246 | $255.5M |
| Starboard Value | 4.08% | No change | 7,201,393 | $191.8M |
| Metropolis Capital Ltd | 6.25% | Add +8.9% | 6,779,137 | $180.5M |
| Burgundy Asset Management Ltd. | 1.69% | Reduce -8.2% | 6,404,507 | $170.6M |
| 59 North Capital Management, LP | 7.64% | Reduce -21.3% | 6,392,769 | $170.2M |
| Norges Bank | 0.02% | Add +6.6% | 6,295,191 | $167.6M |
| Invesco Ltd. | 0.03% | Add +16.6% | 5,369,227 | $143.0M |
| Morgan Stanley | 0.01% | Add +5.1% | 5,066,315 | $134.9M |
| Dimensional Fund Advisors LP | 0.03% | Add +1.5% | 4,796,996 | $127.7M |
| Contour Asset Management LLC | 3.91% | Add +56.1% | 4,446,000 | $118.4M |
| State of Wisconsin Investment Board | 0.30% | Add +15.7% | 4,413,684 | $117.5M |
| Charles Schwab Investment Management Inc. | 0.02% | Add +1.3% | 4,337,650 | $115.5M |
| Qube Research & Technologies Ltd | 0.19% | Add +171.2% | 3,956,210 | $105.4M |
| Northern Trust Corp. | 0.01% | Reduce -2.2% | 3,434,788 | $91.5M |
| Nuveen Asset Management, LLC | 0.03% | Add +6.5% | 3,368,431 | $89.7M |
| Goldman Sachs Group Inc. | 0.02% | Reduce -7.1% | 3,301,717 | $87.9M |
| Bank of New York Mellon Corp | 0.02% | Add +7.7% | 3,075,723 | $81.9M |
| Legal & General Group Plc | 0.02% | Add +4.2% | 2,512,089 | $66.9M |
| Thompson Siegel & Walmsley LLC | 0.85% | Add +2.9% | 2,120,708 | $56.5M |
| Dendur Capital LP | 7.99% | No change | 2,111,000 | $56.2M |
| Artisan Partners Limited Partnership | 0.08% | Reduce -27.5% | 2,042,067 | $54.4M |
| Millennium Management | 0.05% | Add +109.5% | 2,036,562 | $54.2M |
| Citadel Advisors | 0.06% | Add +110.0% | 2,029,148 | $54.0M |
| Balyasny Asset Management L.P. | 0.13% | Add +37.8% | 1,922,252 | $51.2M |
| Arrowstreet Capital, Limited Partnership | 0.04% | Add +273.8% | 1,779,557 | $47.4M |
| Bank of America Corp. | 0.00% | Add +1.9% | 1,768,665 | $47.1M |
| Mirabella Financial Services LLP | 2.64% | Add +22.1% | 1,745,661 | $46.5M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.01% | Reduce -1.1% | 1,714,784 | $45.7M |
| FIL Ltd | 0.04% | Add +19.8% | 1,698,073 | $45.2M |
| Whale Rock Capital Management | 0.63% | New | 1,674,250 | $44.6M |
| Alliancebernstein L.P. | 0.01% | Add +32.4% | 1,595,511 | $42.5M |
| Cooper Investors PTY Ltd. | 5.95% | Reduce -3.3% | 1,503,848 | $40.0M |
| UBS Group AG | 0.01% | Add +116.1% | 1,501,951 | $40.0M |
| Amundi | 0.01% | Add +50.2% | 1,517,190 | $39.3M |
| JPMorgan Chase & Co. | 0.00% | Add +30.3% | 1,458,869 | $38.8M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.09% | Add +1815.4% | 1,413,158 | $37.6M |
| Avala Global LP | 2.45% | Reduce -38.5% | 1,395,154 | $37.2M |
| Deutsche Bank AG | 0.01% | Add +44.4% | 1,263,252 | $33.6M |
| AQR Capital Management | 0.04% | Add +136.2% | 1,160,171 | $30.7M |
| Ameriprise Financial Inc. | 0.01% | Reduce -33.2% | 1,144,892 | $30.5M |
| Swiss National Bank | 0.02% | Add +1.0% | 1,124,375 | $29.9M |
| HBK Investments L P | 0.64% | Add +34.3% | 1,110,000 | $29.6M |
| BNP Paribas Financial Markets | 0.03% | Add +26.1% | 1,109,848 | $29.6M |
| Bank of Montreal | 0.01% | Add +230.1% | 1,092,506 | $29.0M |
| Adage Capital Partners Gp, L.L.C. | 0.05% | Reduce -0.7% | 1,063,379 | $28.3M |
| Northern Right Capital Management, L.P. | 10.16% | Reduce -2.2% | 1,024,510 | $27.3M |
| Manufacturers Life Insurance Company, The | 0.02% | Reduce -24.1% | 1,000,025 | $26.6M |
| Harspring Capital Management, LLC | 5.20% | No change | 821,500 | $21.9M |
| Sumitomo Mitsui Trust Group, Inc. | 0.02% | Add +1.0% | 818,882 | $21.8M |
| Blue Grotto Capital, LLC | 3.96% | Reduce -1.5% | 800,135 | $21.3M |
| Sei Investments Co. | 0.03% | Reduce -21.1% | 725,411 | $19.3M |
| Cubist Systematic Strategies, LLC | 0.29% | New | 715,827 | $19.1M |
| Rhumbline Advisers | 0.02% | Reduce -5.9% | 694,267 | $18.5M |
| HSBC Holdings PLC | 0.01% | Add +1.9% | 691,935 | $18.4M |
| Susquehanna International Group, LLP | 0.03% | Add +13.9% | 678,766 | $18.1M |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.02% | Add +6.0% | 599,671 | $16.0M |
| Andra AP-fonden | 0.23% | Add +9.7% | 593,300 | $15.8M |
| Mackenzie Financial Corp. | 0.02% | Add +2.4% | 572,579 | $15.2M |
| Citigroup Inc. | 0.01% | Add +1.2% | 571,280 | $15.2M |
| TD Asset Management Inc | 0.01% | Reduce -26.7% | 562,828 | $14.9M |
| CANADA LIFE ASSURANCE Co | 0.03% | Add +65.2% | 540,386 | $14.4M |
| California State Teachers Retirement System | 0.02% | Reduce -2.5% | 538,451 | $14.3M |
| Walleye Capital LLC | 0.16% | Reduce -33.3% | 504,467 | $13.4M |
| New York State Teachers Retirement System | 0.03% | Reduce -0.7% | 499,654 | $13.3M |
| Trexquant Investment LP | 0.17% | New | 490,884 | $13.1M |
| Rivermont Capital Management LP | 6.11% | Reduce -36.0% | 486,805 | $13.0M |
| State Board of Administration of Florida Retirement System | 0.02% | Reduce -3.4% | 467,163 | $12.4M |
| Assenagon Asset Management S.A. | 0.03% | Add +69.6% | 455,101 | $12.1M |
| Russell Investments Group, Ltd. | 0.02% | Reduce -0.8% | 452,314 | $12.0M |
| Storebrand Asset Management As | 0.04% | Add +8.6% | 438,509 | $11.7M |
| Principal Financial Group Inc. | 0.01% | Add +2.9% | 435,388 | $11.6M |
| ING Groep NV | 0.07% | Add +815.5% | 429,598 | $11.4M |
| Madison Avenue Partners, LP | 1.06% | No change | 428,040 | $11.4M |
| KBC Group NV | 0.03% | Add +2.2% | 385,015 | $10.3M |
| Glenmede Trust Co. NA | 0.05% | Reduce -26.6% | 375,360 | $10.0M |
| Incline Global Management LLC | 4.37% | Reduce -3.8% | 368,973 | $9.8M |
| Honeycomb Asset Management LP | 3.67% | Reduce -22.2% | 350,000 | $9.3M |
| Verition Fund Management LLC | 0.07% | Add +1224.2% | 324,297 | $8.6M |
| Allianz Asset Management GmbH | 0.01% | Add +198.8% | 312,707 | $8.3M |
| Sienna Gestion | 0.55% | Add +18.4% | 310,240 | $8.2M |
| Cibc World Markets Corp. | 0.06% | Add +17.8% | 299,727 | $8.0M |
| Lido Advisors, LLC | 0.06% | Add +3.2% | 287,650 | $7.7M |
| ExodusPoint Capital Management, LP | 0.08% | New | 286,097 | $7.6M |
| Schonfeld Strategic Advisors LLC | 0.06% | Reduce -59.4% | 275,068 | $7.3M |
| Gabelli Funds LLC | 0.05% | Reduce -5.4% | 263,000 | $7.0M |
| Graham Capital Management, L.P. | 0.37% | Add +522.3% | 260,416 | $6.9M |
| D. E. Shaw & Co. | 0.01% | New | 257,221 | $6.8M |
| Virtu Financial LLC | 0.37% | Add +73.0% | 254,650 | $6.8M |
| Magnetar Financial LLC | 0.17% | New | 251,491 | $6.7M |
| Capital Fund Management S.A. | 0.07% | Add +82.4% | 248,353 | $6.6M |
| Maven Securities LTD | 0.75% | No change | 247,836 | $6.6M |
| NINE MASTS CAPITAL Ltd | 3.27% | New | 243,249 | $6.5M |
| Achmea Investment Management B.V. | 0.10% | No change | 236,044 | $6.3M |
| Prudential Financial Inc. | 0.01% | Add +1.2% | 235,855 | $6.3M |
| New York State Common Retirement Fund | 0.01% | Reduce -13.8% | 235,020 | $6.3M |
| Capula Management Ltd | 0.08% | New | 234,240 | $6.2M |
| Nisa Investment Advisors, LLC | 0.04% | Add +2.0% | 231,486 | $6.2M |
| Royal Bank of Canada | 0.00% | Add +16.2% | 220,055 | $5.9M |
| Victory Capital Management Inc. | 0.01% | Reduce -0.5% | 217,619 | $5.8M |
| Worldquant Millennium Advisors LLC | 0.04% | Add +108.0% | 215,642 | $5.7M |
| GAMCO Investors | 0.06% | Reduce -1.0% | 213,095 | $5.7M |
| Boothbay Fund Management, LLC | 0.19% | Reduce -6.7% | 210,469 | $5.6M |
| Parkwood LLC | 0.68% | Add +5.6% | 210,298 | $5.6M |
| Ensign Peak Advisors, Inc | 0.01% | Add +8.8% | 205,063 | $5.5M |
| Chevy Chase Trust Holdings, LLC | 0.02% | Reduce -2.0% | 202,876 | $5.4M |
| Aquatic Capital Management LLC | 0.14% | Add +562.8% | 202,800 | $5.4M |
| First Trust Advisors LP | 0.01% | Reduce -65.5% | 201,536 | $5.4M |
| Berger Financial Group, Inc | 0.38% | Reduce -0.4% | 198,576 | $5.3M |
| Gotham Asset Management | 0.05% | Add +54.5% | 194,558 | $5.2M |
| National Bank of Canada | 0.01% | Add +85.8% | 193,125 | $5.1M |
| FMR LLC | 0.00% | Add +381.5% | 192,936 | $5.1M |
| Pictet Asset Management Holding SA | 0.01% | Add +11.1% | 189,407 | $5.0M |
| Aberdeen Group plc | 0.01% | Reduce -1.7% | 190,877 | $5.0M |
| State of Tennessee, Department of Treasury | 0.02% | Reduce -27.3% | 182,647 | $4.9M |
| Partners Capital Investment Group, LLP | 0.08% | Reduce -10.5% | 182,402 | $4.9M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.01% | Add +26.4% | 180,283 | $4.8M |
| Mitsubishi UFJ Trust & Banking Corp | 0.01% | Add +0.7% | 177,194 | $4.7M |
| Danske Bank A/S | 0.02% | Add +9.1% | 177,073 | $4.7M |
| Point72 Asset Management | 0.02% | New | 176,905 | $4.7M |
| Treasurer of the State of North Carolina | 0.02% | Add +0.5% | 170,860 | $4.5M |
| Bessemer Group Inc. | 0.01% | Add +180.3% | 169,995 | $4.5M |
| Wells Fargo & Company | 0.00% | Reduce -55.0% | 162,450 | $4.3M |
| Korea Investment CORP | 0.01% | Reduce -36.2% | 161,862 | $4.3M |
| Fjarde Ap-Fonden /Fourth Swedish National Pension Fund | 0.04% | — | 159,576 | $4.3M |
| Teacher Retirement System of Texas | 0.02% | Add +2020.4% | 155,340 | $4.1M |
| Toronto Dominion Bank | 0.01% | Add +38.3% | 152,180 | $4.1M |
| Asset Management One Co., Ltd. | 0.01% | Add +1.6% | 150,873 | $4.0M |
| Mn Services Vermogensbeheer B.V. | 0.03% | No change | 150,300 | $4.0M |
| Public Employees Retirement System of Ohio | 0.02% | Reduce -3.8% | 148,829 | $4.0M |
| Handelsbanken Fonder AB | 0.02% | Add +38.8% | 148,700 | $4.0M |
| Arlington Partners LLC | 1.53% | Add +19.5% | 146,709 | $3.9M |
| Royal London Asset Management Ltd. | 0.01% | No change | 145,514 | $3.9M |
| Voya Investment Management LLC | 0.00% | Reduce -6.5% | 140,988 | $3.8M |
| QRG Capital Management, Inc. | 0.04% | Reduce -0.7% | 140,351 | $3.7M |
| Robeco Institutional Asset Management B.V. | 0.01% | Add +12.8% | 139,571 | $3.7M |
| ProShare Advisors LLC | 0.01% | Add +90.9% | 138,042 | $3.7M |
| Swedbank AB | 0.00% | No change | 136,856 | $3.6M |
| State of New Jersey Common Pension Fund D | 0.01% | Reduce -3.1% | 135,184 | $3.6M |
| Natixis | 0.02% | Add +707.2% | 129,586 | $3.5M |
| Quantinno Capital Management LP | 0.04% | Add +15.7% | 126,943 | $3.4M |
| Engineers Gate Manager LP | 0.07% | Add +1133.8% | 126,205 | $3.4M |
| Allspring Global Investments Holdings, LLC | 0.00% | Add +5.0% | 112,987 | $3.0M |
| Resona Asset Management Co.,Ltd. | 0.02% | Reduce -1.3% | 113,028 | $3.0M |
| Arizona State Retirement System | 0.02% | Add +5.1% | 108,524 | $2.9M |
| Two Sigma Advisers, LP | 0.01% | Add +6.5% | 108,400 | $2.9M |
| American Century Companies Inc. | 0.00% | Add +0.4% | 108,244 | $2.9M |
| Nomura Asset Management Co. Ltd. | 0.01% | Add +1.2% | 107,981 | $2.9M |
| Federation des caisses Desjardins du Quebec | 0.01% | Reduce -5.2% | 107,311 | $2.9M |
| State of Michigan Retirement System | 0.01% | Reduce -0.8% | 103,054 | $2.7M |
| Credit Agricole S A | 0.01% | Reduce -17.5% | 98,867 | $2.6M |
| MetLife Investment Management, LLC | 0.01% | Reduce -2.7% | 98,408 | $2.6M |
| Gsa Capital Partners LLP | 0.20% | Add +894.3% | 98,401 | $2.6M |
| Forsta Ap-Fonden | 0.02% | New | 96,900 | $2.6M |
| J. Safra Sarasin Holding AG | 0.04% | New | 96,783 | $2.6M |
| AlphaQuest LLC | 0.23% | Add +563282.3% | 95,775 | $2.6M |
| New York Life Investment Management LLC | 0.02% | Reduce -4.3% | 95,732 | $2.5M |
| Pinnacle Associates Ltd. | 0.04% | Add +0.3% | 102,858 | $2.5M |
| Schroder Investment Management Group | 0.00% | Add +6.4% | 94,091 | $2.5M |
| Corebridge Financial, Inc. | 0.01% | Reduce -3.0% | 93,950 | $2.5M |
| Gateway Investment Advisers LLC | 0.03% | Reduce -0.2% | 93,367 | $2.5M |
| Cerity Partners LLC | 0.01% | Add +55.9% | 91,620 | $2.4M |
| Mercer Global Advisors Inc. | 0.01% | Add +3.3% | 89,493 | $2.4M |
| IFM Investors Pty Ltd | 0.02% | Reduce -3.6% | 86,624 | $2.3M |
| Entropy Technologies, LP | 0.24% | Add +658.4% | 86,174 | $2.3M |
| Oak Thistle LLC | 0.72% | New | 82,658 | $2.2M |
| Corient Private Wealth LP | 0.00% | Add +57.0% | 82,621 | $2.2M |
| Retirement Systems of Alabama | 0.01% | Reduce -1.5% | 82,413 | $2.2M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.01% | Reduce -1.1% | 82,358 | $2.2M |
| NewEdge Advisors, LLC | 0.01% | Add +9.9% | 82,103 | $2.2M |
| Cibc World Market Inc. | 0.00% | No change | 80,900 | $2.2M |
| Skandinaviska Enskilda Banken AB (publ) | 0.01% | Add +0.2% | 79,994 | $2.1M |
| Headlands Technologies LLC | 0.24% | Add +379.2% | 77,728 | $2.1M |
| Ossiam | 0.04% | Reduce -66.9% | 77,399 | $2.1M |
| STRS Ohio | 0.01% | Add +4.2% | 77,162 | $2.1M |
| Czech National Bank | 0.02% | Add +6.7% | 77,069 | $2.1M |
| Inceptionr LLC | 0.50% | Add +209.8% | 76,776 | $2.0M |
| Amalgamated Bank | 0.02% | Reduce -3.7% | 74,495 | $2.0M |
| Man Group plc | 0.01% | Add +94.9% | 73,724 | $2.0M |
| Janney Montgomery Scott LLC | 0.01% | Reduce -11.9% | 70,304 | $1.9M |
| Illinois Municipal Retirement Fund | 0.03% | No change | 67,756 | $1.8M |
| DoubleLine ETF Adviser LP | 0.44% | Add +34.4% | 67,185 | $1.8M |
| Panagora Asset Management Inc. | 0.01% | Reduce -2.9% | 67,034 | $1.8M |
| UniSuper Management Pty Ltd | 0.01% | Add +46.3% | 66,953 | $1.8M |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 0.01% | Reduce -12.3% | 63,246 | $1.7M |
| Utah Retirement Systems | 0.02% | No change | 62,700 | $1.7M |
| Point72 Hong Kong Ltd | 0.12% | New | 62,666 | $1.7M |
| Wellington Management Group LLP | 0.00% | Reduce -48.2% | 61,877 | $1.6M |
| Pathstone Holdings, LLC | 0.01% | Add +1.2% | 60,509 | $1.6M |
| Scientech Research LLC | 0.32% | New | 60,046 | $1.6M |
| Xponance LLC | 0.02% | Add +7.0% | 60,031 | $1.6M |
| DNB Asset Management AS | 0.01% | No change | 59,568 | $1.6M |
| Tredje AP-fonden | 0.01% | No change | 59,422 | $1.6M |
| Mariner, LLC | 0.00% | Reduce -4.4% | 58,395 | $1.6M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.00% | New | 58,244 | $1.6M |
| CIBC Asset Management Inc | 0.00% | Add +8.0% | 55,186 | $1.5M |
| Vontobel Holding Ltd. | 0.00% | Add +215.6% | 54,967 | $1.5M |
| LPL Financial LLC | 0.00% | Add +4.2% | 54,828 | $1.5M |
| Cetera Investment Advisers | 0.00% | Reduce -1.3% | 53,858 | $1.4M |
| Marshall Wace, LLP | 0.00% | Reduce -15.2% | 53,722 | $1.4M |
| Pacer Advisors, Inc. | 0.00% | Add +6.3% | 53,529 | $1.4M |
| Janus Henderson Group PLC | 0.00% | Add +23.3% | 52,839 | $1.4M |
| Daiwa Securities Group Inc. | 0.01% | Add +10.1% | 51,571 | $1.4M |
| Yousif Capital Management, LLC | 0.01% | Reduce -2.0% | 50,181 | $1.3M |
| Tudor Investment Corporation | 0.01% | Reduce -62.6% | 49,727 | $1.3M |
| Comerica Bank | 0.01% | Reduce -5.0% | 48,847 | $1.3M |
| Bank of Nova Scotia | 0.00% | Add +23.1% | 48,437 | $1.3M |
| Blueshift Asset Management, LLC | 0.32% | New | 47,895 | $1.3M |
| Creative Planning | 0.00% | Add +3.5% | 47,694 | $1.3M |
| Mutual of America Capital Management LLC | 0.01% | Reduce -2.6% | 46,581 | $1.2M |
| Ostrum Asset Management | 0.10% | Add +147.6% | 46,184 | $1.2M |
| Nissay Asset Management Corp. /Japan | 0.01% | Add +3.4% | 45,981 | $1.2M |
| Teza Capital Management LLC | 0.13% | New | 45,545 | $1.2M |
| Axq Capital, LP | 0.36% | Reduce -25.0% | 44,861 | $1.2M |
| State of Alaska, Department of Revenue | 0.01% | Add +7.2% | 44,214 | $1.2M |
| PNC Financial Services Group, Inc. | 0.00% | Add +0.7% | 43,609 | $1.2M |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 0.01% | Add +1.9% | 41,955 | $1.1M |
| Fox Run Management, L.L.C. | 0.25% | Add +42.3% | 41,705 | $1.1M |
| Neuberger Berman Group LLC | 0.00% | Add +0.9% | 41,698 | $1.1M |
| MML Investors Services, LLC | 0.00% | Reduce -2.3% | 41,697 | $1.1M |
| Vanguard Personalized Indexing Management, LLC | 0.02% | Add +11.7% | 41,656 | $1.1M |
| Jane Street Group, LLC | 0.00% | Reduce -90.1% | 41,629 | $1.1M |
| Bayesian Capital Management, LP | 0.13% | New | 41,500 | $1.1M |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 40,536 | $1.1M |
| Raymond James & Associates | 0.00% | Add +80.7% | 39,696 | $1.1M |
| Lombard Odier Asset Management (Switzerland) SA | 0.09% | Reduce -2.1% | 39,581 | $1.1M |
| Levin Capital Strategies, L.P. | 0.10% | No change | 38,349 | $1.0M |
| Jump Financial, LLC | 0.02% | Add +132.4% | 37,872 | $1.0M |
| SG Americas Securities, LLC | 0.00% | Reduce -81.8% | 37,476 | $998K |
| Qsemble Capital Management, LP | 0.18% | New | 37,181 | $990K |
| Macquarie Group Ltd. | 0.00% | No change | 37,010 | $986K |
| DekaBank Deutsche Girozentrale | 0.00% | Reduce -1.2% | 37,245 | $981K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Reduce -1.8% | 35,735 | $952K |
| Lecap Asset Management Ltd. | 0.20% | Add +313.6% | 35,145 | $936K |
| Moran Wealth Management, LLC | 0.03% | Reduce -3.3% | 34,201 | $911K |
| Elo Mutual Pension Insurance Co | 0.02% | Reduce -0.5% | 33,647 | $896K |
| Cresset Asset Management, LLC | 0.00% | Add +31.7% | 33,189 | $887K |
| Hunting Hill Global Capital, LLC | 1.24% | No change | 33,091 | $881K |
| Natixis Advisors, LLC | 0.00% | Add +6.4% | 32,588 | $868K |
| Linden Thomas Advisory Services, LLC | 0.12% | Reduce -0.6% | 32,424 | $863K |
| Oregon Public Employees Retirement Fund | 0.02% | Reduce -0.6% | 32,341 | $861K |
| AXA S.A. | 0.00% | Reduce -0.2% | 31,468 | $838K |
| Wellington Shields Capital Management, LLC | 0.14% | No change | 31,200 | $831K |
| Quinn Opportunity Partners LLC | 0.08% | New | 31,089 | $828K |
| Ieq Capital, LLC | 0.01% | Add +39.2% | 30,654 | $816K |
| Gulf International Bank (UK) Ltd | 0.02% | Reduce -4.1% | 30,523 | $812K |
| Rafferty Asset Management, LLC | 0.00% | Reduce -4.1% | 29,201 | $778K |
| Renaissance Technologies | 0.00% | New | 28,900 | $770K |
| Teachers Retirement System of the State of Kentucky | 0.01% | Reduce -6.2% | 28,470 | $758K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Add +43.3% | 28,308 | $750K |
| Cyr Financial Inc. | 0.69% | Add +6.8% | 27,800 | $740K |
| West Tower Group, LLC | 1.56% | No change | 27,385 | $729K |
| Envestnet Asset Management Inc. | 0.00% | Add +1.5% | 26,659 | $710K |
| OMERS ADMINISTRATION Corp | 0.01% | Add +13.7% | 26,608 | $709K |
| Kentucky Retirement Systems | 0.02% | Reduce -7.8% | 26,356 | $702K |
| Aristeia Capital, L.L.C. | 0.04% | New | 26,099 | $695K |
| BI Asset Management Fondsmaeglerselskab A/S | 0.01% | Add +66.8% | 25,367 | $676K |
| Brown Advisory Inc. | 0.00% | New | 25,079 | $668K |
| Mizuho Securities USA LLC | 0.01% | Reduce -16.1% | 24,532 | $653K |
| Kapitalo Investimentos Ltda | 0.15% | Add +17.7% | 23,821 | $634K |
| Systematic Alpha Investments, LLC | 0.02% | No change | 23,740 | $632K |
| Tower Research Capital LLC (TRC) | 0.02% | Reduce -51.2% | 23,583 | $628K |
| Stratos Wealth Partners, LTD. | 0.01% | Add +10.3% | 23,580 | $628K |
| XTX Topco Ltd | 0.05% | Reduce -55.6% | 23,406 | $623K |
| Assetmark, Inc. | 0.00% | Reduce -2.6% | 23,244 | $619K |
| Hartford Investment Management Co. | 0.02% | Reduce -3.9% | 22,866 | $609K |
| Ethic Inc. | 0.02% | Add +10.0% | 22,998 | $602K |
| Aigen Investment Management, LP | 0.12% | New | 22,230 | $592K |
| Tidal Investments LLC | 0.01% | Add +148.7% | 22,050 | $587K |
| Kimelman & Baird, LLC | 0.05% | Reduce -0.1% | 21,942 | $584K |
| Wealthfront Advisers LLC | 0.00% | Reduce -4.0% | 21,797 | $580K |
| Maryland State Retirement & Pension System | 0.01% | Reduce -26.8% | 21,738 | $579K |
| Louisiana State Employees Retirement System | 0.01% | Reduce -0.9% | 21,300 | $567K |
| B. Metzler seel. Sohn & Co. Holding AG | 0.01% | — | 21,116 | $562K |
| B. Metzler seel. Sohn & Co. AG | 0.01% | No change | 21,116 | $562K |
| Stifel Financial Corp. | 0.00% | Reduce -4.1% | 21,101 | $562K |
| Franklin Resources Inc. | 0.00% | Reduce -41.1% | 21,544 | $561K |
| Securian Asset Management, Inc. | 0.02% | Reduce -4.0% | 20,924 | $557K |
| O'shaughnessy Asset Management, LLC | 0.00% | Add +27.5% | 21,056 | $548K |
| MQS Management LLC | 0.30% | New | 20,318 | $541K |
| Inspire Advisors, LLC | 0.06% | Reduce -2.4% | 19,942 | $531K |
| US Bancorp \de | 0.00% | Reduce -25.5% | 19,680 | $524K |
| Seven Eight Capital, LP | 0.05% | New | 19,590 | $522K |
| Vident Advisory, LLC | 0.01% | Add +12.8% | 19,573 | $521K |
| Crossmark Global Holdings, Inc. | 0.01% | No change | 19,416 | $517K |
| DRW Securities, LLC | 0.03% | Reduce -27.3% | 19,210 | $512K |
| Personal Cfo Solutions, LLC | 0.07% | New | 2,308 | $500K |
| New Mexico Educational Retirement Board | 0.02% | Reduce -3.6% | 18,501 | $493K |
| M&T Bank Corp | 0.00% | Reduce -3.0% | 18,418 | $491K |
| Bridgefront Capital, LLC | 0.18% | New | 18,016 | $480K |
| 180 Wealth Advisors, LLC | 0.08% | Add +1.0% | 17,938 | $478K |
| Prelude Capital Management, LLC | 0.04% | New | 17,590 | $468K |
| Texas Yale Capital Corp. | 0.02% | No change | 17,205 | $458K |
| Baker Ellis Asset Management LLC | 0.06% | No change | 17,200 | $458K |
| Rockefeller Capital Management L.P. | 0.00% | Reduce -1.6% | 17,079 | $455K |
| Fayez Sarofim & Co | 0.00% | Reduce -1.2% | 16,714 | $445K |
| Commerce Bank | 0.00% | Add +1.9% | 16,696 | $445K |
| Public Sector Pension Investment Board | 0.00% | Add +9.3% | 16,371 | $436K |
| NEOS Investment Management LLC | 0.01% | Add +24.9% | 16,283 | $434K |
| Dynamic Technology Lab Private Ltd | 0.04% | New | 15,838 | $422K |
| Y-Intercept (Hong Kong) Ltd | 0.03% | New | 15,732 | $419K |
| Seeds Investor LLC | 0.16% | Reduce -10.7% | 15,621 | $416K |
| E. Ohman J:or Asset Management AB | 0.01% | No change | 15,600 | $415K |
| HRT Financial LP | 0.00% | Reduce -48.4% | 15,382 | $409K |
| Nordea Investment Management AB | 0.00% | No change | 15,379 | $406K |
| Norinchukin Bank, The | 0.01% | Add +14.4% | 15,174 | $404K |
| Fifth Third Bancorp | 0.00% | Add +9.3% | 15,090 | $402K |
| Profund Advisors LLC | 0.02% | Add +21.3% | 14,963 | $398K |
| Thrivent Financial for Lutherans | 0.00% | Reduce -3.0% | 14,845 | $395K |
| Boyar Asset Management Inc. | 0.25% | Reduce -6.8% | 14,781 | $394K |
| Kestra Advisory Services, LLC | 0.00% | Reduce -2.3% | 14,716 | $392K |
| Aviva PLC | 0.00% | Reduce -0.2% | 14,687 | $391K |
| Savant Capital, LLC | 0.00% | Reduce -0.1% | 14,665 | $391K |
| Parametrica Management Ltd | 0.46% | New | 14,617 | $389K |
| Sterling Capital Management LLC | 0.01% | — | 14,509 | $386K |
| Twin Capital Management Inc. | 0.04% | New | 14,358 | $382K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +37.1% | 14,358 | $382K |
| City Holding Co. | 0.05% | Reduce -3.1% | 14,297 | $381K |
| Guggenheim Capital LLC | 0.00% | Reduce -6.5% | 14,119 | $376K |
| United Capital Financial Advisors, LLC | 0.00% | Add +2.3% | 13,933 | $371K |
| SpiderRock Advisors, LLC | 0.01% | No change | 13,919 | $371K |
| Wellington Shields & Co., LLC | 0.11% | No change | 13,800 | $367K |
| Quarry LP | 0.12% | Add +444.2% | 13,660 | $364K |
| Cohen Klingenstein LLC | 0.01% | No change | 13,640 | $363K |
| Intech Investment Management LLC | 0.00% | New | 13,435 | $358K |
| OneDigital Investment Advisors LLC | 0.00% | Reduce -13.7% | 13,428 | $358K |
| Wedmont Private Capital | 0.02% | Add +2.3% | 13,708 | $356K |
| Empirical Finance, LLC | 0.02% | Add +2.1% | 13,194 | $351K |
| Campbell & CO Investment Adviser LLC | 0.03% | Reduce -42.7% | 13,071 | $348K |
| Banco Bilbao Vizcaya Argentaria, S.A. | 0.00% | Add +4.1% | 13,019 | $346K |
| Park Avenue Securities LLC | 0.00% | Reduce -16.3% | 12,763 | $340K |
| Tokio Marine Asset Management Co. Ltd. | 0.01% | No change | 12,701 | $338K |
| Tiaa Trust, National Association | 0.00% | Reduce -7.8% | 12,590 | $335K |
| Investment Management Corp of Ontario | 0.01% | Add +50.4% | 12,533 | $334K |
| Pacific Global Investment Management Co. | 0.06% | Add +0.1% | 12,343 | $329K |
| Axxcess Wealth Management, LLC | 0.01% | No change | 12,006 | $320K |
| Northwestern Mutual Investment Management Company, LLC | 0.01% | Reduce -0.7% | 11,990 | $319K |
| Metis Global Partners, LLC | 0.01% | Add +1.4% | 11,985 | $319K |
| Signaturefd, LLC | 0.01% | Add +0.8% | 11,712 | $312K |
| Laird Norton Wetherby Wealth Management, LLC | 0.01% | Reduce -1.3% | 11,529 | $307K |
| First Hawaiian Bank | 0.01% | No change | 11,523 | $307K |
| Seelaus Asset Management LLC | 0.28% | Add +3.8% | 11,399 | $304K |
| Kentucky Retirement Systems Insurance Trust Fund | 0.02% | Reduce -8.4% | 11,201 | $298K |
| iA Global Asset Management Inc. | 0.01% | Add +17.6% | 11,178 | $298K |
| Ballentine Partners, LLC | 0.01% | Add +26.2% | 11,154 | $297K |
| Dynamic Advisor Solutions LLC | 0.01% | New | 10,833 | $288K |
| Cwm, LLC | 0.00% | Add +46.2% | 10,732 | $286K |
| Twin Tree Management, LP | 0.01% | Add +64.6% | 10,664 | $284K |
| Two Sigma Securities, LLC | 0.02% | Reduce -62.9% | 10,637 | $283K |
| LMR Partners LLP | 0.01% | Add +16.5% | 10,375 | $276K |
| Compound Planning, Inc. | 0.02% | Reduce -2.6% | 10,307 | $274K |
| Leonteq Securities AG | 0.03% | Reduce -3.3% | 10,204 | $272K |
| Squarepoint Ops LLC | 0.00% | Reduce -0.9% | 10,185 | $271K |
| Sciencast Management LP | 0.08% | Reduce -70.1% | 10,100 | $269K |
| Forum Financial Management, LP | 0.00% | Add +0.1% | 9,988 | $266K |
| Capstone Investment Advisors, LLC | 0.01% | Add +15.4% | 9,982 | $266K |
| Sherbrooke Park Advisers LLC | 0.06% | Reduce -58.9% | 9,695 | $258K |
| Livforsakringsbolaget Skandia, Omsesidigt | 0.01% | Add +434.1% | 9,597 | $256K |
| EntryPoint Capital, LLC | 0.14% | New | 9,251 | $246K |
| Wahed Invest LLC | 0.04% | Add +10.3% | 9,238 | $246K |
| Coldstream Capital Management Inc. | 0.01% | Add +1.5% | 9,198 | $246K |
| Greenleaf Trust | 0.00% | Reduce -1.3% | 9,074 | $242K |
| Sanctuary Advisors, LLC | 0.00% | New | 8,075 | $238K |
| Pinebridge Investments, L.P. | 0.00% | Add +3.2% | 8,935 | $238K |
| Vestcor Inc | 0.01% | No change | 8,909 | $237K |
| Dark Forest Capital Management LP | 0.03% | New | 8,659 | $231K |
| Centiva Capital, LP | 0.01% | New | 8,457 | $225K |
| MBB Public Markets I LLC | 0.02% | Reduce -71.6% | 8,280 | $220K |
| Banco Santander, S.A. | 0.00% | New | 8,114 | $216K |
| Twinbeech Capital LP | 0.00% | Reduce -79.2% | 8,101 | $216K |
| Choreo, LLC | 0.00% | Reduce -7.6% | 8,126 | $216K |
| Weaver Capital Management LLC | 0.06% | Reduce -1.6% | 8,089 | $215K |
| Nebula Research & Development LLC | 0.03% | New | 8,080 | $215K |
| Aster Capital Management (DIFC) Ltd | 0.04% | — | 7,526 | $200K |
| Parallel Advisors, LLC | 0.00% | Add +13.7% | 7,208 | $192K |
| Prestige Wealth Management Group LLC | 0.04% | Add +23.6% | 7,134 | $191K |
| Blue Trust, Inc. | 0.00% | Add +55.6% | 6,901 | $190K |
| Acadian Asset Management LLC | 0.00% | Add +558.5% | 6,835 | $182K |
| Atlas Capital Advisors Inc. | 0.03% | Reduce -43.0% | 6,824 | $182K |
| GAMMA Investing LLC | 0.02% | Add +9.0% | 6,578 | $175K |
| V-Square Quantitative Management LLC | 0.02% | No change | 5,895 | $157K |
| Mather Group, Llc. | 0.00% | Reduce -5.0% | 5,690 | $152K |
| Osaic Holdings, Inc. | 0.00% | Add +5.0% | 5,461 | $145K |
| IFP Advisors, Inc | 0.01% | Add +1.4% | 5,388 | $143K |
| Anchor Investment Management, LLC | 0.01% | No change | 5,362 | $143K |
| Quadrant Capital Group LLC | 0.01% | Reduce -0.4% | 5,325 | $142K |
| Horizon Investments, LLC | 0.00% | Reduce -30.1% | 5,133 | $137K |
| Exchange Traded Concepts, LLC | 0.00% | Add +1419.6% | 5,045 | $134K |
| Ascentis Independent Advisors | 0.02% | New | 4,207 | $112K |
| Ameritas Investment Partners, Inc. | 0.00% | No change | 3,990 | $106K |
| Covestor Ltd | 0.06% | Reduce -42.7% | 3,406 | $91K |
| Quent Capital, LLC | 0.01% | No change | 3,351 | $89K |
| Wilmington Savings Fund Society, FSB | 0.00% | New | 3,180 | $85K |
| Central Pacific Bank - Trust Division | 0.01% | No change | 3,000 | $80K |
| Ascentis Wealth Management, LLC | 0.03% | — | 2,960 | $79K |
| Principal Securities, Inc. | 0.00% | Add +12.9% | 2,813 | $75K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -12.7% | 2,808 | $75K |
| CI Investments Inc. | 0.00% | Reduce -20.5% | 2,607 | $69K |
| GeoWealth Management, LLC | 0.00% | New | 2,539 | $68K |
| Farther Finance Advisors, LLC | 0.00% | Add +14.2% | 2,479 | $66K |
| Federated Hermes, Inc. | 0.00% | Add +56.6% | 2,172 | $58K |
| Financial Management Professionals, Inc. | 0.01% | No change | 1,991 | $53K |
| Lindbrook Capital, LLC | 0.00% | Reduce -1.3% | 1,812 | $48K |
| Asset Dedication, LLC | 0.00% | No change | 1,796 | $48K |
| Sentry Investment Management LLC | 0.02% | No change | 1,658 | $44K |
| Jones Financial Companies LLLP | 0.00% | Add +11.9% | 1,658 | $44K |
| Steward Partners Investment Advisory, LLC | 0.00% | Reduce -1.6% | 1,614 | $43K |
| Brooklyn Investment Group | 0.01% | New | 1,446 | $39K |
| Smartleaf Asset Management LLC | 0.00% | Add +99.5% | 1,329 | $35K |
| Avior Wealth Management, LLC | 0.00% | No change | 1,316 | $35K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +5.7% | 1,240 | $33K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Add +4.0% | 1,197 | $32K |
| CIBC Private Wealth Group LLC | 0.00% | Add +539.3% | 1,106 | $29K |
| Venturi Wealth Management, LLC | 0.00% | Reduce -11.6% | 1,082 | $29K |
| Parkside Financial Bank & Trust | 0.00% | No change | 1,019 | $27K |
| Cromwell Holdings LLC | 0.02% | No change | 959 | $26K |
| Allworth Financial LP | 0.00% | Add +0.9% | 941 | $25K |
| Deseret Mutual Benefit Administrators | 0.01% | No change | 931 | $25K |
| Armstrong Advisory Group, Inc. | 0.00% | No change | 826 | $22K |
| Ancora Advisors LLC | 0.00% | No change | 800 | $21K |
| TrinityBridge Ltd | 0.00% | New | 800 | $21K |
| Summit Securities Group LLC | 0.01% | Add +76000.0% | 761 | $20K |
| Huntington National Bank | 0.00% | Add +291.5% | 599 | $16K |
| Hemington Wealth Management | 0.00% | New | 569 | $15K |
| CKW Financial Group | 0.00% | No change | 562 | $15K |
| Rise Advisors, LLC | 0.01% | No change | 553 | $15K |
| Rothschild Investment LLC | 0.00% | Add +4.8% | 545 | $15K |
| Global Retirement Partners, LLC | 0.00% | Add +0.4% | 509 | $14K |
| Pacific Center for Financial Services | 0.00% | No change | 505 | $13K |
| Zions Bancorporation, N.A. | 0.00% | No change | 430 | $11K |
| Spire Wealth Management | 0.00% | Reduce -1.7% | 400 | $11K |
| First Horizon Advisors, Inc. | 0.00% | Add +6.3% | 386 | $10K |
| MV Capital Management, Inc. | 0.00% | No change | 360 | $10K |
| Jackson, Grant Investment Advisers, Inc. | 0.00% | No change | 340 | $9K |
| Ashton Thomas Securities, LLC | 0.00% | New | 324 | $9K |
| TD Private Client Wealth LLC | 0.00% | Reduce -22.2% | 309 | $8K |
| Smithfield Trust Co | 0.00% | No change | 312 | $8K |
| CVA Family Office, LLC | 0.00% | Add +10.4% | 298 | $8K |
| Bell Investment Advisors, Inc | 0.00% | No change | 287 | $8K |
| Park Place Capital Corp | 0.00% | No change | 266 | $7K |
| JFS Wealth Advisors, LLC | 0.00% | Add +2.8% | 257 | $7K |
| Global Financial Private Client, LLC | 0.00% | No change | 255 | $7K |
| Earned Wealth Advisors, LLC | 0.00% | New | 253 | $7K |
| Arax Advisory Partners | 0.00% | No change | 235 | $6K |
| Private Wealth Management Group, LLC | 0.00% | No change | 231 | $6K |
| LRI Investments, LLC | 0.00% | No change | 186 | $5K |
| Addison Advisors LLC | 0.00% | No change | 200 | $5K |
| Whittier Trust Co. | 0.00% | Reduce -59.6% | 186 | $5K |
| True Wealth Design, LLC | 0.00% | Add +636.0% | 184 | $5K |
| Harbor Investment Advisory, LLC | 0.00% | Reduce -1.2% | 169 | $5K |
| Bartlett & Co. Wealth Management LLC | 0.00% | No change | 159 | $4K |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 0.00% | Add +1611.1% | 154 | $4K |
| Colonial Trust Advisors | 0.00% | No change | 150 | $4K |
| Raleigh Capital Management Inc. | 0.00% | Reduce -3.5% | 140 | $4K |
| SRH Advisors, LLC | 0.00% | No change | 138 | $4K |
| Pinnacle Bancorp, Inc. | 0.00% | No change | 135 | $4K |
| Versant Capital Management, Inc | 0.00% | No change | 130 | $3K |
| JTC Employer Solutions Trustee Ltd | 0.00% | No change | 125 | $3K |
| Whittier Trust Co. of Nevada Inc. | 0.00% | No change | 112 | $3K |
| Sachetta, LLC | 0.00% | No change | 100 | $3K |
| Private Trust Co. NA | 0.00% | No change | 99 | $3K |
| Grove Bank & Trust | 0.00% | New | 95 | $3K |
| GHP Investment Advisors, Inc. | 0.00% | No change | 81 | $2K |
| Tucker Asset Management LLC | 0.00% | No change | 78 | $2K |
| Sound Income Strategies, LLC | 0.00% | New | 77 | $2K |
| SJS Investment Consulting Inc. | 0.00% | No change | 73 | $2K |
| Dunhill Financial, LLC | 0.00% | Add +105.7% | 72 | $2K |
| Abound Wealth Management | 0.00% | No change | 65 | $2K |
| Raffa Wealth Management, LLC | 0.00% | No change | 57 | $2K |
| CENTRAL TRUST Co | 0.00% | No change | 45 | $1K |
| AdvisorNet Financial, Inc | 0.00% | Add +13.5% | 42 | $1K |
| Larson Financial Group LLC | 0.00% | Add +23.5% | 42 | $1K |
| Capital Advisors, Ltd. LLC | 0.00% | Reduce -5.3% | 36 | $1K |
| GW&K Investment Management, LLC | 0.00% | New | 26 | $1K |
| Semmax Financial Advisors Inc. | 0.00% | No change | 28 | $832 |
| Geneos Wealth Management Inc. | 0.00% | New | 31 | $826 |
| Carolinas Wealth Consulting LLC | 0.00% | Add +200.0% | 30 | $803 |
| Bruce G. Allen Investments, LLC | 0.00% | No change | 28 | $746 |
| Voisard Asset Management Group, Inc. | 0.00% | New | 26 | $693 |
| Fortis Group Advisors, LLC | 0.00% | No change | 25 | $666 |
| Harbour Investments, Inc. | 0.00% | Add +46.1% | 19 | $506 |
| Claris Advisors, LLC / Mo / | 0.00% | New | 18 | $479 |
| UMB Bank, n.a. | 0.00% | No change | 12 | $320 |
| Westside Investment Management, Inc. | 0.00% | No change | 9 | $240 |
| Plante Moran Financial Advisors, LLC | 0.00% | No change | 7 | $186 |
| CoreCap Advisors, LLC | 0.00% | No change | 5 | $133 |
| Northwest Financial Advisors | 0.00% | New | 4 | $113 |
| Trust Co. of Vermont | 0.00% | No change | 4 | $107 |
| WestEnd Advisors, LLC | 0.00% | Reduce -25.0% | 3 | $80 |
| Mendota Financial Group, LLC | 0.00% | New | 3 | $80 |
| TFC Financial Management, Inc. | 0.00% | No change | 2 | $54 |
| Glen Eagle Advisors, LLC | 0.00% | No change | 1 | $27 |
| Resources Management Corp. /CT/ | 0.00% | New | 6 | $0 |
| Centerpoint Advisors, LLC | 0.00% | No change | 1 | $0 |
| Avion Wealth | 0.00% | No change | 24 | $0 |
"% of holder's portfolio" is NWSA's weight in each manager's 13F, not the share of News Corp. Class A the manager owns.