Nexgen EnergyNXE
13F holders, Q4 2024 (December 31)246holders +24
45new positions
25sold out
7famous investors
$6.90avg. 13F price*
At the end of Q4 2024, 246 institutions reported holding Nexgen Energy Ltd. (NXE) in their 13F filings, up 24 from Q3 2024. 45 opened new positions and 25 sold out. The largest holders were L1 Capital Pty Ltd ($259.9M), MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. ($230.8M) and Vanguard Group Inc. ($134.8M). 7 famous investors held it, including Jeremy Grantham (0.1% of GMO's portfolio), Ray Dalio (0.1% of Bridgewater Associates's portfolio) and Steve Cohen (0.0% of Point72 Asset Management's portfolio).
- Company
- Nexgen Energy Ltd.
- CUSIP
- 65340P106
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2024 → Q4 2024
| Institutions | Total Value | |
|---|---|---|
| New Positions | 45 | $36.7M |
| Exits | 25 | $26.9M |
All 13F filers, Q3 2024 → Q4 2024: 31,881,194 shares bought and 31,704,105 shares sold, net +177,089 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 246 holders
| L1 Capital Pty Ltd | 22.23% | Reduce -10.8% | 27,418,450 | $259.9M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.49% | Add +1.4% | 35,018,623 | $230.8M |
| Vanguard Group Inc. | 0.00% | Add +1.5% | 20,436,513 | $134.8M |
| Alps Advisors Inc. | 0.66% | Reduce -10.9% | 15,746,417 | $103.9M |
| FMR LLC | 0.00% | Add +33.0% | 11,316,207 | $74.6M |
| Segra Capital Management, LLC | 36.36% | Reduce -8.2% | 10,713,629 | $70.7M |
| Nuveen Asset Management, LLC | 0.02% | Add +0.9% | 8,747,305 | $57.7M |
| Van Eck Associates Corp. | 0.07% | Add +79.8% | 8,481,026 | $56.0M |
| Manufacturers Life Insurance Company, The | 0.04% | Add +0.1% | 7,122,417 | $46.9M |
| GMO | 0.14% | Reduce -32.6% | 6,595,459 | $43.5M |
| JPMorgan Chase & Co. | 0.00% | Add +222.6% | 6,345,726 | $41.9M |
| Waratah Capital Advisors Ltd. | 2.18% | Add +55.9% | 5,889,906 | $38.9M |
| Royal Bank of Canada | 0.01% | Add +8.6% | 5,403,509 | $35.7M |
| Millennium Management | 0.02% | Add +23.1% | 3,458,409 | $22.8M |
| Mirabella Financial Services LLP | 2.09% | Add +12.3% | 3,342,960 | $22.0M |
| Alliancebernstein L.P. | 0.01% | Reduce -9.4% | 3,206,536 | $21.2M |
| Goldman Sachs Group Inc. | 0.00% | Add +58.3% | 2,950,472 | $19.5M |
| Oxbow Capital Management (HK) Ltd | 6.01% | Reduce -0.8% | 2,566,355 | $16.9M |
| TD Asset Management Inc | 0.01% | Reduce -4.8% | 2,532,853 | $16.7M |
| Point72 Asset Management | 0.05% | Add +33.8% | 2,454,539 | $16.2M |
| 1832 Asset Management L.P. | 0.03% | Add +5.3% | 2,423,343 | $16.0M |
| Moore Capital Management, LP | 0.32% | Reduce -9.5% | 2,385,836 | $15.7M |
| Marshall Wace, LLP | 0.02% | Add +131.8% | 2,224,419 | $14.7M |
| Driehaus Capital Management LLC | 0.12% | Add +54.9% | 2,146,030 | $14.2M |
| Azarias Capital Management, L.P. | 6.03% | Add +15.3% | 2,038,627 | $13.5M |
| Bank of Montreal | 0.01% | Add +12.6% | 2,034,350 | $13.4M |
| Masters Capital Management LLC | 2.25% | Add +100.0% | 2,000,000 | $13.2M |
| Morgan Stanley | 0.00% | Reduce -16.1% | 1,995,887 | $13.2M |
| Bank of America Corp. | 0.00% | Add +16.9% | 1,995,608 | $13.2M |
| Vident Advisory, LLC | 0.23% | Reduce -14.1% | 1,989,187 | $13.1M |
| Lloyd Harbor Capital Management, LLC | 8.26% | Reduce -36.1% | 1,912,817 | $12.6M |
| Bank of New York Mellon Corp | 0.00% | Add +954.8% | 1,876,558 | $12.4M |
| Bridgewater Associates | 0.06% | Reduce -37.8% | 1,875,574 | $12.4M |
| Citadel Advisors | 0.01% | Add +229.6% | 1,805,994 | $11.9M |
| Telemark Asset Management, LLC | 1.18% | Reduce -10.0% | 1,800,000 | $11.9M |
| Kingdon Capital Management, L.L.C. | 2.01% | No change | 1,777,837 | $11.7M |
| Jane Street Group, LLC | 0.02% | Add +26.8% | 1,661,160 | $11.0M |
| Goehring & Rozencwajg Associates, LLC | 2.07% | Reduce -1.3% | 1,440,874 | $10.1M |
| Anthracite Investment Company, Inc. | 4.35% | Reduce -2.1% | 1,314,887 | $8.7M |
| Nokomis Capital, L.L.C. | 3.80% | No change | 1,248,548 | $8.2M |
| Dudley & Shanley, Inc. | 1.26% | No change | 1,236,500 | $8.2M |
| De Lisle Partners LLP | 1.17% | Add +2.5% | 1,208,732 | $8.0M |
| Hood River Capital Management LLC | 0.12% | Add +11.9% | 1,198,641 | $7.9M |
| Encompass Capital Advisors LLC | 0.34% | New | 1,188,180 | $7.8M |
| Voya Investment Management LLC | 0.01% | No change | 1,092,831 | $7.2M |
| Swiss National Bank | 0.00% | Add +1.0% | 1,059,600 | $7.0M |
| Old West Investment Management, LLC | 2.69% | Reduce -12.1% | 1,004,980 | $6.6M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +0.3% | 1,000,935 | $6.6M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.03% | Reduce -15.4% | 919,200 | $6.1M |
| CIBC Asset Management Inc | 0.02% | Reduce -12.8% | 807,839 | $5.3M |
| Philadelphia Financial Management of San Francisco, LLC | 1.06% | Reduce -73.5% | 801,382 | $5.3M |
| Janus Henderson Group PLC | 0.00% | Add +5.0% | 791,030 | $5.2M |
| Alpha Wave Global, LP | 2.37% | Reduce -58.4% | 774,116 | $5.1M |
| UBS Group AG | 0.00% | Add +19.4% | 749,683 | $4.9M |
| Rye Brook Capital LLC | 5.55% | Add +0.9% | 701,000 | $4.6M |
| Titan Global Capital Management USA LLC | 0.69% | Add +8.2% | 694,279 | $4.6M |
| Man Group plc | 0.01% | Add +222.0% | 679,942 | $4.5M |
| Pinebridge Investments, L.P. | 0.03% | Add +2.9% | 671,809 | $4.4M |
| Arosa Capital Management LP | 2.86% | New | 650,000 | $4.3M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Add +38.2% | 623,857 | $4.1M |
| Renaissance Technologies | 0.01% | New | 614,200 | $4.1M |
| Tanaka Capital Management Inc. | 8.67% | Reduce -0.6% | 574,423 | $3.8M |
| Raymond James Financial Inc. | 0.00% | — | 564,838 | $3.7M |
| Mountaineer Partners Management, LLC | 2.73% | No change | 564,507 | $3.7M |
| Legal & General Group Plc | 0.00% | Add +2.9% | 548,553 | $3.6M |
| Stanley-Laman Group, Ltd. | 0.47% | Add +2.9% | 504,394 | $3.3M |
| Garnet Equity Capital Holdings, Inc. | 1.98% | No change | 500,000 | $3.3M |
| Group One Trading LLC | 0.11% | Reduce -12.9% | 499,448 | $3.3M |
| KGH Ltd | 0.24% | No change | 467,000 | $3.1M |
| Appian Way Asset Management LP | 0.71% | Reduce -71.4% | 465,582 | $3.1M |
| National Bank of Canada | 0.00% | Reduce -9.6% | 424,992 | $2.8M |
| Susquehanna International Group, LLP | 0.00% | Reduce -43.9% | 417,244 | $2.8M |
| Federation des caisses Desjardins du Quebec | 0.01% | Add +29.6% | 399,768 | $2.6M |
| Sprott Inc. | 0.17% | Reduce -27.9% | 390,498 | $2.6M |
| Jennison Associates LLC | 0.00% | New | 377,188 | $2.5M |
| Trek Financial, LLC | 0.18% | Add +1.8% | 374,071 | $2.5M |
| CANADA LIFE ASSURANCE Co | 0.00% | Reduce -36.9% | 374,852 | $2.5M |
| Scopus Asset Management, L.P. | 0.09% | Reduce -81.3% | 360,043 | $2.4M |
| Ninepoint Partners LP | 0.37% | New | 355,000 | $2.3M |
| Fielder Capital Group LLC | 0.67% | Add +0.0% | 327,722 | $2.2M |
| Russell Investments Group, Ltd. | 0.00% | Reduce -55.4% | 316,242 | $2.1M |
| IMC-Chicago, LLC | 0.06% | Reduce -20.3% | 309,160 | $2.0M |
| Alberta Investment Management Corp | 0.01% | No change | 301,000 | $2.0M |
| Mountain Lake Investment Management LLC | 2.24% | Reduce -69.0% | 294,244 | $1.9M |
| Fiera Capital Corp | 0.01% | Reduce -34.0% | 285,887 | $1.9M |
| Sei Investments Co. | 0.00% | Reduce -1.1% | 267,845 | $1.8M |
| Geode Capital Management, LLC | 0.00% | Add +4.5% | 259,697 | $1.7M |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 0.01% | Reduce -7.5% | 253,360 | $1.7M |
| Wells Fargo & Company | 0.00% | Add +2.8% | 238,628 | $1.6M |
| Persistent Asset Partners Ltd | 1.31% | — | 234,030 | $1.5M |
| Polar Asset Management Partners Inc. | 0.03% | New | 230,916 | $1.5M |
| Mackenzie Financial Corp. | 0.00% | Add +15.5% | 230,524 | $1.5M |
| ArrowMark Colorado Holdings LLC | 0.02% | New | 214,655 | $1.4M |
| PCJ Investment Counsel Ltd. | 0.46% | Add +11.9% | 208,090 | $1.4M |
| Trexquant Investment LP | 0.02% | New | 207,272 | $1.4M |
| Wolverine Trading, LLC | 0.03% | Add +59.7% | 198,410 | $1.3M |
| Ardsley Advisory Partners LP | 0.26% | Add +23.8% | 200,000 | $1.3M |
| Raffles Associates LP | 1.39% | Reduce -11.4% | 195,000 | $1.3M |
| D. E. Shaw & Co. | 0.00% | Reduce -9.5% | 193,573 | $1.3M |
| Verition Fund Management LLC | 0.01% | New | 190,737 | $1.3M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Add +49.1% | 172,957 | $1.1M |
| Pekin Hardy Strauss, Inc. | 0.13% | Reduce -3.0% | 160,200 | $1.1M |
| Squarepoint Ops LLC | 0.00% | New | 159,968 | $1.1M |
| Silphium Asset Management Ltd | 0.36% | New | 150,000 | $990K |
| Simplex Trading, LLC | 0.03% | Reduce -51.4% | 145,687 | $961K |
| NewEdge Advisors, LLC | 0.01% | Add +14.2% | 141,157 | $932K |
| Public Employees Retirement System of Ohio | 0.00% | Add +3.2% | 134,655 | $888K |
| BlackRock, Inc. | 0.00% | Add +20.3% | 133,728 | $883K |
| PEAK6 LLC | 0.03% | — | 133,187 | $879K |
| Regal Partners Ltd | 0.09% | New | 129,445 | $854K |
| Barclays PLC | 0.00% | Reduce -33.1% | 125,681 | $829K |
| Envestnet Asset Management Inc. | 0.00% | Add +32.8% | 123,639 | $816K |
| Turim 21 Investimentos Ltda. | 0.21% | No change | 123,215 | $808K |
| Aquatic Capital Management LLC | 0.02% | New | 122,424 | $808K |
| CenterBook Partners LP | 0.04% | Reduce -51.6% | 107,104 | $707K |
| OMERS ADMINISTRATION Corp | 0.01% | Add +191.0% | 106,200 | $701K |
| SIG North Trading, ULC | 0.16% | New | 104,879 | $692K |
| Cetera Investment Advisers | 0.00% | Add +2.6% | 104,611 | $690K |
| MMCAP International Inc. SPC | 0.10% | Reduce -96.0% | 100,000 | $660K |
| Pictet Asset Management Holding SA | 0.00% | Add +9.2% | 97,305 | $641K |
| Violich Capital Management, Inc. | 0.08% | No change | 92,500 | $611K |
| Accordant Advisory Group Inc | 0.57% | Reduce -1.6% | 90,135 | $595K |
| Natixis | 0.00% | Add +8.1% | 89,408 | $590K |
| Ausbil Investment Management Ltd | 0.35% | Reduce -20.2% | 79,000 | $588K |
| PKO Investment Management Joint-Stock Co | 0.07% | Reduce -29.3% | 87,000 | $574K |
| Caption Management, LLC | 0.02% | New | 85,000 | $561K |
| Natixis Advisors, LLC | 0.00% | Add +46.6% | 84,772 | $559K |
| Macquarie Group Ltd. | 0.00% | Reduce -88.2% | 84,264 | $556K |
| Walleye Trading LLC | 0.01% | Add +143.8% | 79,638 | $526K |
| Hartree Partners, LP | 0.19% | Reduce -66.7% | 78,268 | $517K |
| Kerrisdale Advisers, LLC | 0.17% | No change | 78,083 | $515K |
| Two Sigma Securities, LLC | 0.09% | Add +224.6% | 73,434 | $485K |
| Scotia Capital Inc. | 0.00% | Reduce -5.5% | 73,536 | $483K |
| Tejara Capital Ltd | 0.31% | Reduce -91.6% | 72,400 | $478K |
| Cibc World Market Inc. | 0.00% | Add +0.0% | 72,404 | $477K |
| Black Maple Capital Management LP | 0.36% | Add +103.4% | 71,200 | $470K |
| Harbour Capital Advisors, LLC | 0.10% | New | 62,650 | $466K |
| Caprock Group, LLC | 0.02% | New | 70,000 | $462K |
| TD Waterhouse Canada Inc. | 0.00% | Reduce -1.6% | 70,044 | $460K |
| XTX Topco Ltd | 0.04% | Reduce -30.3% | 68,815 | $454K |
| Nomura Holdings Inc. | 0.00% | New | 67,057 | $443K |
| Cubist Systematic Strategies, LLC | 0.01% | New | 63,446 | $418K |
| Tidal Investments LLC | 0.00% | Add +100.3% | 62,617 | $413K |
| Nebula Research & Development LLC | 0.05% | Add +224.3% | 62,454 | $412K |
| TCFG Wealth Management, LLC | 0.21% | Add +6.3% | 62,500 | $412K |
| Leonteq Securities AG | 0.04% | Reduce -5.4% | 44,960 | $395K |
| Vontobel Holding Ltd. | 0.00% | Add +94.0% | 56,874 | $375K |
| Evergreen Capital Management LLC | 0.01% | Reduce -32.5% | 56,225 | $371K |
| Aigen Investment Management, LP | 0.06% | New | 54,982 | $363K |
| Bantamac Capital, LLC | 0.16% | New | 53,155 | $351K |
| Dynamic Technology Lab Private Ltd | 0.05% | Reduce -49.3% | 50,184 | $331K |
| LPL Financial LLC | 0.00% | Add +1.8% | 46,331 | $306K |
| Campbell & CO Investment Adviser LLC | 0.02% | New | 39,504 | $261K |
| Legacy Capital Group California, Inc. | 0.08% | Reduce -5.7% | 39,391 | $260K |
| Eagle Global Advisors LLC | 0.01% | New | 38,900 | $257K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Add +1.4% | 35,651 | $235K |
| Franklin Resources Inc. | 0.00% | Reduce -19.0% | 35,052 | $231K |
| Toronto Dominion Bank | 0.00% | Reduce -80.9% | 34,480 | $227K |
| Greenfield Seitz Capital Management, LLC | 0.09% | Add +36.0% | 34,000 | $224K |
| Northwest & Ethical Investments L.P. | 0.01% | Add +2.5% | 33,501 | $221K |
| Chesapeake Capital Corp. | 0.22% | New | 32,850 | $217K |
| HRT Financial LP | 0.00% | Reduce -32.7% | 32,126 | $212K |
| BNP Paribas Financial Markets | 0.00% | New | 31,290 | $207K |
| Rathbones Group PLC | 0.00% | No change | 31,031 | $205K |
| Advisory Services Network, LLC | 0.00% | Add +32.3% | 30,750 | $203K |
| Prelude Capital Management, LLC | 0.02% | Add +178.0% | 30,579 | $202K |
| Oxford Asset Management LLP | 0.09% | New | 30,361 | $200K |
| Canton Hathaway, LLC | 0.05% | Add +72.3% | 29,300 | $193K |
| Shell Asset Management Co. | 0.01% | No change | 28,962 | $191K |
| Wexford Capital LP | 0.05% | Add +2.3% | 28,695 | $189K |
| Numerai GP LLC | 0.05% | New | 28,003 | $185K |
| Centiva Capital, LP | 0.01% | New | 27,765 | $183K |
| Osaic Holdings, Inc. | 0.00% | Add +104.7% | 27,536 | $182K |
| Sava Infond d.o.o. | 0.03% | — | 19,000 | $180K |
| Neuberger Berman Group LLC | 0.00% | No change | 27,000 | $178K |
| Engineers Gate Manager LP | 0.00% | Add +149.7% | 26,472 | $175K |
| Invesco Ltd. | 0.00% | Add +6.7% | 26,399 | $174K |
| Pacifica Partners Inc. | 0.07% | No change | 23,100 | $168K |
| Steward Partners Investment Advisory, LLC | 0.00% | Add +376.7% | 25,436 | $168K |
| Beirne Wealth Consulting Services, LLC | 0.06% | No change | 25,000 | $165K |
| New Harbor Financial Group, LLC | 0.05% | Add +66.7% | 25,000 | $165K |
| Fiduciary Family Office, LLC | 0.05% | New | 25,000 | $165K |
| U S Global Investors Inc. | 0.02% | New | 25,000 | $165K |
| Citigroup Inc. | 0.00% | Add +112.6% | 24,865 | $164K |
| Olympiad Research LP | 0.16% | New | 23,579 | $156K |
| Deutsche Bank AG | 0.00% | Reduce -29.9% | 22,991 | $152K |
| Investment Management Corp of Ontario | 0.00% | Reduce -12.0% | 22,070 | $146K |
| CapWealth Advisors, LLC | 0.02% | No change | 21,000 | $139K |
| Bank of Nova Scotia | 0.00% | New | 20,748 | $137K |
| Mercer Global Advisors Inc. | 0.00% | Reduce -74.1% | 20,079 | $133K |
| Madison Wealth Partners, Inc | 0.04% | New | 19,254 | $127K |
| GTS Securities LLC | 0.01% | Reduce -84.7% | 19,183 | $127K |
| Cullen/Frost Bankers, Inc. | 0.00% | New | 19,175 | $127K |
| Ameriprise Financial Inc. | 0.00% | Add +0.2% | 18,896 | $125K |
| HSBC Holdings PLC | 0.00% | Add +22.8% | 18,729 | $124K |
| CoreCommodity Management, LLC | 0.02% | Reduce -84.3% | 17,037 | $112K |
| Vanguard Personalized Indexing Management, LLC | 0.00% | Add +15.1% | 16,626 | $110K |
| Pathstone Holdings, LLC | 0.00% | No change | 16,474 | $109K |
| Janney Montgomery Scott LLC | 0.00% | Add +10.8% | 15,345 | $101K |
| US Bancorp \de | 0.00% | No change | 14,430 | $95K |
| Blair William & Co. | 0.00% | Reduce -18.1% | 13,921 | $92K |
| Southland Equity Partners LLC | 0.02% | No change | 13,747 | $91K |
| Caitong International Asset Management Co., Ltd | 0.08% | — | 13,124 | $87K |
| Matauro, LLC | 0.02% | — | 12,659 | $84K |
| Aptus Capital Advisors, LLC | 0.00% | New | 12,031 | $79K |
| Great Valley Advisor Group, Inc. | 0.00% | Reduce -34.7% | 11,890 | $78K |
| DekaBank Deutsche Girozentrale | 0.00% | No change | 11,651 | $78K |
| PenderFund Capital Management Ltd. | 0.03% | No change | 8,000 | $77K |
| SevenBridge Financial Group, LLC | 0.01% | No change | 12,000 | $76K |
| Spartan Fund Management Inc. | 0.25% | No change | 11,217 | $74K |
| Refined Wealth Management | 0.06% | No change | 11,000 | $73K |
| Silver Lake Advisory, LLC | 0.03% | New | 11,000 | $73K |
| Larson Financial Group LLC | 0.00% | No change | 10,575 | $70K |
| Mariner, LLC | 0.00% | New | 10,280 | $68K |
| Financial Security Advisor, Inc. | 0.02% | No change | 10,164 | $67K |
| Lido Advisors, LLC | 0.00% | No change | 10,100 | $67K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -81.9% | 9,197 | $61K |
| Spire Wealth Management | 0.00% | Reduce -11.4% | 8,619 | $57K |
| Altshuler Shaham Ltd | 0.00% | New | 7,737 | $51K |
| Kopernik Global Investors, LLC | 0.00% | Reduce -99.2% | 5,205 | $34K |
| PNC Financial Services Group, Inc. | 0.00% | Add +284.6% | 5,000 | $33K |
| State of Wyoming | 0.00% | Add +0.7% | 4,674 | $31K |
| CIBC Private Wealth Group LLC | 0.00% | No change | 2,400 | $17K |
| Aviso Financial Inc. | 0.00% | New | 2,476 | $16K |
| City State Bank | 0.01% | No change | 2,185 | $14K |
| CoreCap Advisors, LLC | 0.00% | No change | 2,000 | $13K |
| First Horizon Advisors, Inc. | 0.00% | No change | 2,000 | $13K |
| AdvisorNet Financial, Inc | 0.00% | Reduce -42.6% | 1,966 | $13K |
| ORG Partners LLC | 0.00% | Add +100.0% | 1,600 | $11K |
| Operose Advisors LLC | 0.00% | New | 1,536 | $10K |
| Tacita Capital Inc | 0.01% | No change | 1,409 | $9K |
| SBI Securities Co., Ltd. | 0.00% | — | 1,329 | $9K |
| St Germain D J Co. Inc. | 0.00% | Add +126.2% | 1,000 | $7K |
| Archer Investment Corp | 0.00% | No change | 542 | $4K |
| Sunbelt Securities, Inc. | 0.00% | No change | 400 | $3K |
| Caitlin John, LLC | 0.00% | New | 150 | $990 |
| Kimelman & Baird, LLC | 0.00% | No change | 131 | $865 |
| Assetmark, Inc. | 0.00% | No change | 117 | $772 |
| EverSource Wealth Advisors, LLC | 0.00% | New | 112 | $739 |
| Northwestern Mutual Wealth Management Co. | 0.00% | New | 100 | $660 |
| Bell Investment Advisors, Inc | 0.00% | No change | 93 | $614 |
| Harbour Investments, Inc. | 0.00% | No change | 75 | $495 |
| Global Retirement Partners, LLC | 0.00% | New | 50 | $330 |
| Rothschild Investment LLC | 0.00% | New | 41 | $270 |
| Farther Finance Advisors, LLC | 0.00% | No change | 38 | $251 |
| Rhumbline Advisers | 0.00% | Reduce -96.0% | 1 | $6 |
"% of holder's portfolio" is NXE's weight in each manager's 13F, not the share of Nexgen Energy Ltd. the manager owns.