SiriuspointSPNT
13F holders, Q1 2026 (March 31)247holders +12
38new positions
29sold out
6famous investors
$21.54avg. 13F price*
At the end of Q1 2026, 247 institutions reported holding Siriuspoint Ltd. (SPNT) in their 13F filings, up 12 from Q4 2025. 38 opened new positions and 29 sold out. The largest holders were BlackRock, Inc. ($246.4M), Donald Smith & Co., Inc. ($204.3M) and Dimensional Fund Advisors LP ($150.5M). 6 famous investors held it, including Israel Englander (0.0% of Millennium Management's portfolio), Cliff Asness (0.0% of AQR Capital Management's portfolio) and Ken Griffin (0.0% of Citadel Advisors's portfolio).
- Company
- Siriuspoint Ltd.
- CUSIP
- G8192H106
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2025 → Q1 2026
| Institutions | Total Value | |
|---|---|---|
| New Positions | 38 | $134.9M |
| Exits | 29 | $12.3M |
All 13F filers, Q4 2025 → Q1 2026: 11,838,550 shares bought and 11,565,336 shares sold, net +273,214 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 247 holders
| BlackRock, Inc. | 0.00% | Add +8.2% | 11,439,418 | $246.4M |
| Donald Smith & Co., Inc. | 3.68% | Add +12.6% | 9,486,460 | $204.3M |
| Dimensional Fund Advisors LP | 0.03% | Reduce -0.1% | 6,985,534 | $150.5M |
| Vanguard Portfolio Management LLC | 0.01% | — | 6,708,480 | $144.5M |
| Capital World Investors | 0.02% | New | 5,600,000 | $120.6M |
| American Century Companies Inc. | 0.06% | Add +3.9% | 5,216,035 | $112.4M |
| Vanguard Capital Management LLC | 0.00% | — | 4,758,303 | $102.5M |
| State Street Corp. | 0.00% | Add +0.6% | 4,351,580 | $93.7M |
| Victory Capital Management Inc. | 0.05% | Reduce -12.0% | 3,712,758 | $80.0M |
| Private Management Group Inc. | 2.12% | Reduce -1.9% | 3,412,545 | $73.5M |
| Wellington Management Group LLP | 0.01% | Reduce -24.3% | 3,101,058 | $66.8M |
| Gilder Gagnon Howe & Co. LLC | 0.76% | Reduce -10.6% | 2,945,802 | $63.5M |
| Geode Capital Management, LLC | 0.00% | Add +7.7% | 2,636,795 | $56.8M |
| Goldman Sachs Group Inc. | 0.01% | Reduce -0.8% | 1,801,647 | $38.8M |
| Morgan Stanley | 0.00% | Reduce -9.1% | 1,599,919 | $34.5M |
| Punch & Associates Investment Management, Inc. | 1.78% | Add +1.8% | 1,415,529 | $30.5M |
| Invesco Ltd. | 0.00% | Reduce -8.8% | 1,293,892 | $27.9M |
| Federated Hermes, Inc. | 0.04% | Add +6.2% | 1,134,997 | $24.4M |
| Northern Trust Corp. | 0.00% | Add +3.9% | 1,104,983 | $23.8M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +9.1% | 1,067,477 | $23.0M |
| Bridgeway Capital Management, LLC | 0.41% | Add +1.6% | 941,922 | $20.3M |
| T. Rowe Price Associates Inc. | 0.00% | Add +249.4% | 749,298 | $16.1M |
| Capital Research Global Investors | 0.00% | Reduce -90.0% | 747,968 | $16.1M |
| Nuveen, LLC | 0.00% | Add +3.0% | 687,957 | $14.8M |
| Vanguard Fiduciary Trust Co. | 0.00% | — | 677,832 | $14.6M |
| Qube Research & Technologies Ltd | 0.02% | Add +109.9% | 671,947 | $14.5M |
| Bank of New York Mellon Corp | 0.00% | Reduce -2.5% | 665,602 | $14.3M |
| Empowered Funds, LLC | 0.08% | Add +3.0% | 549,993 | $11.8M |
| Principal Financial Group Inc. | 0.01% | Add +2.0% | 505,624 | $10.9M |
| Franklin Resources Inc. | 0.00% | Add +207.1% | 481,283 | $10.4M |
| First Trust Advisors LP | 0.01% | Add +35.3% | 460,590 | $9.9M |
| Millennium Management | 0.01% | Add +300.1% | 452,206 | $9.7M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.02% | Add +47.4% | 427,402 | $9.2M |
| RBF Capital, LLC | 0.44% | No change | 416,943 | $9.0M |
| AQR Capital Management | 0.00% | Add +9.7% | 411,271 | $8.9M |
| Zweig-DiMenna Associates LLC | 1.20% | Reduce -19.2% | 397,350 | $8.6M |
| Public Sector Pension Investment Board | 0.02% | Reduce -17.5% | 371,925 | $8.0M |
| Bank of America Corp. | 0.00% | Reduce -64.4% | 347,928 | $7.5M |
| Arrowstreet Capital, Limited Partnership | 0.00% | Add +1107.8% | 334,222 | $7.2M |
| Rhumbline Advisers | 0.00% | Add +3.7% | 267,788 | $5.8M |
| LSV Asset Management | 0.01% | No change | 257,969 | $5.6M |
| Bessemer Group Inc. | 0.01% | Add +50.5% | 252,246 | $5.4M |
| Legal & General Group Plc | 0.00% | Reduce -8.6% | 236,024 | $5.1M |
| Citadel Advisors | 0.00% | Add +225.8% | 230,511 | $5.0M |
| Swiss National Bank | 0.00% | No change | 207,100 | $4.5M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Add +5.6% | 207,041 | $4.5M |
| Harvest Investment Services, LLC | 0.81% | Add +48.2% | 205,307 | $4.4M |
| Arbiter Partners Capital Management LLC | 2.93% | No change | 200,832 | $4.3M |
| Harbor Capital Advisors, Inc. | 0.33% | Reduce -13.8% | 190,874 | $4.1M |
| D. E. Shaw & Co. | 0.00% | Add +4.8% | 190,092 | $4.1M |
| Ameriprise Financial Inc. | 0.00% | Reduce -5.1% | 176,601 | $3.8M |
| Intech Investment Management LLC | 0.03% | Add +148.2% | 149,622 | $3.2M |
| PDT Partners, LLC | 0.18% | No change | 141,654 | $3.1M |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.02% | Add +4.4% | 133,408 | $2.9M |
| Jacobs Levy Equity Management, Inc. | 0.01% | Add +6.0% | 132,731 | $2.9M |
| Jane Street Group, LLC | 0.00% | New | 128,772 | $2.8M |
| UBS Group AG | 0.00% | Add +180.2% | 127,621 | $2.7M |
| O'shaughnessy Asset Management, LLC | 0.01% | New | 125,612 | $2.7M |
| Russell Investments Group, Ltd. | 0.00% | Add +1.0% | 120,992 | $2.6M |
| Boothbay Fund Management, LLC | 0.06% | Reduce -0.5% | 115,797 | $2.5M |
| Vanguard Global Advisers, LLC | 0.00% | — | 112,623 | $2.4M |
| State of New Jersey Common Pension Fund D | 0.01% | Reduce -5.7% | 102,178 | $2.2M |
| VANGUARD ASSET MANAGEMENT, Ltd | 0.00% | — | 101,861 | $2.2M |
| Alliancebernstein L.P. | 0.00% | Reduce -41.6% | 100,094 | $2.2M |
| State Board of Administration of Florida Retirement System | 0.00% | Add +15.1% | 99,485 | $2.1M |
| California State Teachers Retirement System | 0.00% | Reduce -0.8% | 98,885 | $2.1M |
| Deutsche Bank AG | 0.00% | Add +4.6% | 96,029 | $2.1M |
| XTX Topco Ltd | 0.03% | Add +826.2% | 93,188 | $2.0M |
| Precision Wealth Strategies, LLC | 0.56% | New | 78,974 | $1.7M |
| Voya Investment Management LLC | 0.00% | Reduce -0.7% | 75,335 | $1.6M |
| Teachers Retirement System of the State of Kentucky | 0.01% | No change | 65,893 | $1.4M |
| Boston Partners | 0.00% | Add +4.4% | 64,540 | $1.4M |
| Wells Fargo & Company | 0.00% | Reduce -55.2% | 61,459 | $1.3M |
| MetLife Investment Management, LLC | 0.01% | Reduce -0.9% | 57,757 | $1.2M |
| State of Alaska, Department of Revenue | 0.01% | Reduce -2.8% | 56,720 | $1.2M |
| Campbell & CO Investment Adviser LLC | 0.07% | Add +12.4% | 55,163 | $1.2M |
| Illinois Municipal Retirement Fund | 0.02% | Add +2.4% | 55,103 | $1.2M |
| State of Tennessee, Department of Treasury | 0.00% | Add +5.6% | 54,193 | $1.2M |
| Two Sigma Investments, LP | 0.00% | Add +40.4% | 51,783 | $1.1M |
| Engineers Gate Manager LP | 0.01% | Add +100.9% | 50,193 | $1.1M |
| Ritholtz Wealth Management | 0.02% | New | 49,312 | $1.1M |
| Janus Henderson Group PLC | 0.00% | No change | 48,922 | $1.1M |
| Assenagon Asset Management S.A. | 0.00% | Reduce -91.2% | 48,840 | $1.1M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Add +0.9% | 48,049 | $1.0M |
| Quantinno Capital Management LP | 0.00% | Add +50.7% | 47,025 | $1.0M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Add +3.2% | 46,848 | $1.0M |
| New York State Teachers Retirement System | 0.00% | Reduce -0.8% | 46,600 | $1.0M |
| Louisiana State Employees Retirement System | 0.02% | Reduce -3.1% | 46,100 | $993K |
| Susquehanna International Group, LLP | 0.00% | Add +284.0% | 45,581 | $982K |
| FJ Capital Management LLC | 0.11% | Reduce -37.7% | 44,143 | $951K |
| Squarepoint Ops LLC | 0.00% | Reduce -43.7% | 42,891 | $924K |
| HSBC Holdings PLC | 0.00% | Reduce -55.3% | 42,968 | $920K |
| Hussman Strategic Advisors, Inc. | 0.20% | New | 42,000 | $905K |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -4.3% | 41,812 | $901K |
| STRS Ohio | 0.00% | No change | 41,800 | $900K |
| Exchange Traded Concepts, LLC | 0.01% | Reduce -65.7% | 38,662 | $833K |
| Syon Capital LLC | 0.04% | Add +0.1% | 37,412 | $806K |
| SG Americas Securities, LLC | 0.00% | Add +56.1% | 37,333 | $804K |
| Fi3 FINANCIAL ADVISORS, LLC | 0.23% | Reduce -1.2% | 37,107 | $799K |
| Royce & Associates LP | 0.01% | Reduce -32.5% | 34,540 | $744K |
| State of Wyoming | 0.09% | Reduce -14.6% | 33,702 | $726K |
| New York State Common Retirement Fund | 0.00% | No change | 33,600 | $724K |
| Sei Investments Co. | 0.00% | Add +0.3% | 31,852 | $686K |
| Citigroup Inc. | 0.00% | Add +8.3% | 31,848 | $686K |
| Amalgamated Bank | 0.00% | Reduce -0.9% | 29,885 | $644K |
| Mariner, LLC | 0.00% | Reduce -14.6% | 29,058 | $626K |
| Arizona State Retirement System | 0.00% | Reduce -1.2% | 28,904 | $623K |
| Canada Pension Plan Investment Board | 0.00% | Reduce -10.5% | 28,900 | $623K |
| Evolve Private Wealth, LLC | 0.03% | Add +9.9% | 28,806 | $620K |
| Police & Firemen's Retirement System of New Jersey | 0.01% | No change | 28,374 | $611K |
| Barclays PLC | 0.00% | Reduce -82.6% | 28,178 | $607K |
| Yousif Capital Management, LLC | 0.01% | Reduce -1.1% | 27,557 | $594K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.00% | Reduce -0.1% | 25,710 | $554K |
| Vanguard Investments Australia, Ltd. | 0.00% | — | 25,693 | $553K |
| Pathstone Holdings, LLC | 0.00% | Reduce -5.1% | 25,530 | $550K |
| Bfsg, LLC | 0.05% | Reduce -0.4% | 25,224 | $543K |
| Gsa Capital Partners LLP | 0.03% | New | 25,015 | $539K |
| Alps Advisors Inc. | 0.00% | New | 24,320 | $524K |
| Teacher Retirement System of Texas | 0.00% | Add +75.1% | 24,307 | $524K |
| Handelsbanken Fonder AB | 0.00% | Add +33.2% | 24,088 | $519K |
| Edgestream Partners, L.P. | 0.02% | Reduce -80.9% | 23,940 | $516K |
| Oregon Public Employees Retirement Fund | 0.01% | No change | 23,808 | $513K |
| KLP Kapitalforvaltning As | 0.00% | Add +8.9% | 23,200 | $500K |
| Measured Wealth Private Client Group, LLC | 0.14% | Add +81.5% | 23,083 | $497K |
| BNP Paribas Financial Markets | 0.00% | Add +0.9% | 22,968 | $495K |
| Keybank National Association | 0.00% | Reduce -9.9% | 21,991 | $474K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 18,612 | $401K |
| Natixis Advisors, LLC | 0.00% | Add +35.1% | 18,359 | $395K |
| EntryPoint Capital, LLC | 0.11% | Add +42.5% | 18,207 | $392K |
| Pictet Asset Management Holding SA | 0.00% | Add +15.2% | 17,982 | $387K |
| Renaissance Technologies | 0.00% | New | 17,600 | $379K |
| Prudential Financial Inc. | 0.00% | New | 17,350 | $374K |
| Fox Run Management, L.L.C. | 0.06% | New | 17,447 | $369K |
| Royal Bank of Canada | 0.00% | Add +91.8% | 16,858 | $363K |
| Sterling Capital Management LLC | 0.01% | Reduce -37.6% | 16,720 | $360K |
| Public Employees Retirement System of Ohio | 0.00% | Add +1.5% | 16,542 | $356K |
| Sequoia Financial Advisors, LLC | 0.00% | Reduce -4.9% | 16,162 | $348K |
| Tidal Investments LLC | 0.00% | New | 16,116 | $347K |
| State of Wisconsin Investment Board | 0.00% | Add +29.2% | 16,111 | $347K |
| ProShare Advisors LLC | 0.00% | Reduce -20.0% | 15,970 | $344K |
| Mirabella Financial Services LLP | 0.03% | New | 15,618 | $336K |
| Maryland State Retirement & Pension System | 0.01% | No change | 15,189 | $327K |
| Metis Global Partners, LLC | 0.01% | New | 15,031 | $324K |
| Cwm, LLC | 0.00% | Add +10.4% | 15,012 | $323K |
| Baker Ellis Asset Management LLC | 0.04% | No change | 15,000 | $323K |
| FMR LLC | 0.00% | Reduce -17.6% | 13,747 | $296K |
| Ieq Capital, LLC | 0.00% | Reduce -51.9% | 13,686 | $295K |
| NewEdge Advisors, LLC | 0.00% | New | 13,555 | $292K |
| HighTower Advisors, LLC | 0.00% | Reduce -23.3% | 13,512 | $291K |
| Neuberger Berman Group LLC | 0.00% | Add +5.3% | 13,052 | $281K |
| Los Angeles Capital Management LLC | 0.00% | Add +13.3% | 12,908 | $278K |
| Ashton Thomas Private Wealth, LLC | 0.01% | New | 12,367 | $266K |
| Mercer Global Advisors Inc. | 0.00% | New | 12,288 | $265K |
| Mutual of America Capital Management LLC | 0.00% | Reduce -0.3% | 11,898 | $256K |
| CIBC Asset Management Inc | 0.00% | No change | 11,558 | $249K |
| Vanguard Personalized Indexing Management, LLC | 0.00% | New | 11,415 | $246K |
| Contravisory Investment Management, Inc. | 0.05% | No change | 11,256 | $242K |
| Ethic Inc. | 0.00% | Add +0.9% | 11,154 | $240K |
| Corient Private Wealth LP | 0.00% | Add +3.4% | 10,976 | $236K |
| Bank of Montreal | 0.00% | Reduce -18.9% | 10,580 | $228K |
| Xponance LLC | 0.00% | New | 10,543 | $227K |
| Quantedge Capital Pte Ltd | 0.12% | New | 10,500 | $226K |
| Praxis Investment Management Inc. | 0.01% | No change | 10,490 | $226K |
| Jackson Hole Capital Partners, LLC | 0.04% | No change | 10,475 | $226K |
| Gotham Asset Management | 0.00% | New | 10,038 | $216K |
| Cerity Partners LLC | 0.00% | Reduce -2.5% | 9,738 | $210K |
| Acadian Asset Management LLC | 0.00% | Reduce -73.0% | 8,641 | $185K |
| Globeflex Capital L P | 0.03% | Add +2.6% | 8,567 | $185K |
| Ameritas Investment Partners, Inc. | 0.01% | No change | 8,567 | $185K |
| GAMMA Investing LLC | 0.01% | Reduce -5.2% | 7,028 | $151K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -0.0% | 6,704 | $144K |
| Pinnacle Wealth Planning Services, Inc. | 0.01% | Reduce -8.2% | 5,731 | $123K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -41.9% | 5,563 | $120K |
| Leonteq Securities AG | 0.01% | Reduce -19.3% | 5,020 | $108K |
| Kemnay Advisory Services Inc. | 0.02% | New | 4,927 | $106K |
| KBC Group NV | 0.00% | No change | 4,135 | $89K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +51.3% | 3,704 | $80K |
| Aquatic Capital Management LLC | 0.00% | Reduce -18.3% | 3,543 | $76K |
| Versant Capital Management, Inc | 0.01% | Add +0.6% | 2,604 | $56K |
| Caitlin John, LLC | 0.03% | No change | 2,156 | $46K |
| Farther Finance Advisors, LLC | 0.00% | Reduce -7.4% | 2,122 | $46K |
| Nomura Asset Management Co. Ltd. | 0.00% | New | 1,500 | $32K |
| Nisa Investment Advisors, LLC | 0.00% | Add +2.3% | 1,486 | $32K |
| Salomon & Ludwin, LLC | 0.00% | Add +91.5% | 1,323 | $29K |
| Osaic Holdings, Inc. | 0.00% | Add +0.7% | 1,201 | $26K |
| North Star Investment Management Corp. | 0.00% | No change | 1,036 | $22K |
| Group One Trading LLC | 0.00% | No change | 1,000 | $22K |
| Islay Capital Management, LLC | 0.01% | New | 956 | $21K |
| Allworth Financial LP | 0.00% | Add +24.6% | 871 | $19K |
| Hantz Financial Services, Inc. | 0.00% | Add +83.3% | 845 | $18K |
| Fifth Third Bancorp | 0.00% | Add +31.3% | 813 | $18K |
| Quadrant Capital Group LLC | 0.00% | No change | 712 | $15K |
| SJS Investment Consulting Inc. | 0.00% | Add +2358.3% | 590 | $13K |
| Rothschild Investment LLC | 0.00% | Add +20.4% | 585 | $13K |
| Aster Capital Management (DIFC) Ltd | 0.00% | New | 687 | $12K |
| UMB Bank, n.a. | 0.00% | Add +3.3% | 535 | $12K |
| Smartleaf Asset Management LLC | 0.00% | Reduce -77.2% | 502 | $11K |
| Private Wealth Management Group, LLC | 0.00% | No change | 444 | $10K |
| Essential Partners LLC | 0.00% | No change | 427 | $9K |
| Private Trust Co. NA | 0.00% | No change | 400 | $9K |
| Rockefeller Capital Management L.P. | 0.00% | Reduce -38.6% | 344 | $7K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | No change | 342 | $7K |
| Torren Management, LLC | 0.00% | Reduce -95.9% | 265 | $6K |
| Arax Advisory Partners | 0.00% | Add +43.7% | 263 | $6K |
| Intentional Wealth Strategies, LLC | 0.01% | — | 262 | $6K |
| Keating Financial Advisory Services, Inc. | 0.00% | Add +1368.8% | 235 | $5K |
| Fortitude Family Office, LLC | 0.00% | Add +6.7% | 207 | $4K |
| Root Financial Partners, LLC | 0.00% | Add +48.2% | 203 | $4K |
| IFP Advisors, Inc | 0.00% | Reduce -9.8% | 194 | $4K |
| Rachor Investment Advisory Services, LLC | 0.00% | Reduce -33.7% | 189 | $4K |
| Sound Income Strategies, LLC | 0.00% | No change | 167 | $4K |
| Quarry LP | 0.00% | Reduce -51.6% | 147 | $3K |
| JPL Wealth Management, LLC | 0.00% | New | 105 | $2K |
| Parkside Financial Bank & Trust | 0.00% | No change | 89 | $2K |
| Picton Mahoney Asset Management | 0.00% | No change | 81 | $2K |
| Twin Peaks Wealth Advisors, LLC | 0.00% | New | 80 | $2K |
| Salem Investment Counselors Inc. | 0.00% | New | 65 | $1K |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 56 | $1K |
| Basecamp Wealth Advisors LLC | 0.00% | New | 54 | $1K |
| Jones Financial Companies LLLP | 0.00% | Add +46.0% | 54 | $1K |
| Kilter Group LLC | 0.00% | No change | 48 | $1K |
| Covestor Ltd | 0.00% | Add +285.7% | 27 | $1K |
| SBI Securities Co., Ltd. | 0.00% | Add +138.9% | 43 | $926 |
| CVA Family Office, LLC | 0.00% | New | 42 | $905 |
| Optiver Holding B.V. | 0.00% | New | 42 | $905 |
| MAI Capital Management | 0.00% | Reduce -7.0% | 40 | $862 |
| Larson Financial Group LLC | 0.00% | Add +185.7% | 40 | $862 |
| Annis Gardner Whiting Capital Advisors, LLC | 0.00% | No change | 38 | $819 |
| Bell Investment Advisors, Inc | 0.00% | No change | 36 | $776 |
| Manchester Capital Management LLC | 0.00% | No change | 34 | $733 |
| Frazier Financial Advisors, LLC | 0.00% | New | 27 | $582 |
| Caitong International Asset Management Co., Ltd | 0.00% | New | 26 | $560 |
| True Wealth Design, LLC | 0.00% | Reduce -77.6% | 24 | $517 |
| Gilpin Wealth Management, LLC | 0.00% | Add +130.0% | 23 | $496 |
| Ankerstar Wealth, LLC | 0.00% | No change | 19 | $409 |
| JFS Wealth Advisors, LLC | 0.00% | Add +7.1% | 15 | $324 |
| DiNuzzo Private Wealth, Inc. | 0.00% | No change | 10 | $216 |
| Rialto Wealth Management, LLC | 0.00% | Add +12.5% | 9 | $194 |
| Stone House Investment Management, LLC | 0.00% | New | 7 | $151 |
| Bogart Wealth, LLC | 0.00% | New | 5 | $108 |
| Hughes Financial Services, LLC | 0.00% | Reduce -25.0% | 3 | $65 |
| HFM Investment Advisors, LLC | 0.00% | No change | 3 | $65 |
| Dunhill Financial, LLC | 0.00% | Reduce -50.0% | 1 | $36 |
| Raffa Wealth Management, LLC | 0.00% | New | 1 | $22 |
| Vermillion Wealth Management, Inc. | 0.00% | New | 1 | $22 |
| Curio Wealth, LLC | 0.00% | New | 1 | $22 |
| Bay Harbor Wealth Management, LLC | 0.00% | No change | 1 | $21 |
"% of holder's portfolio" is SPNT's weight in each manager's 13F, not the share of Siriuspoint Ltd. the manager owns.