Capital International, Inc./CA/

$13.0B reported 13(f) long value · latest quarter 2026-03-31 · CIK 895213 · EDGAR ↗

sum of disclosed values for 2026-03-31; 0 positions carry a NULL value and are excluded from the sum, surfaced here rather than folded away: $13.0B
ALL retained default holdings for this (filer, period), including NULL-value ones: 303
positions with no comparable holding in the prior quarter (kind new), 2026-03-31: 24
positions absent from this quarter's filing after being held last quarter (kind exit), 2026-03-31 — inferred from absence, not a sale record: 30

A quarter-end snapshot. Filed up to 45 days later, so this page is not current holdings and never a complete portfolio. what a 13F is — and is not ↓ methodology §13F ↗

Position changes — into 2026-03-31

by shares · Δ value · filing link · how changes are classified §

Position changes into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	reported unit changed across the pair (SH↔PRN); the share delta is withheld rather than fabricated `shares_unit_mismatch`	Prev value	Curr value	Prev shares	Curr shares
position key `pos:12827` · issuer key `iss:323` COM	ADD	−$76.1M	+11,275	$753M	$677M	2,174,622	2,185,897
position key `pos:11825` · issuer key `iss:1225` COM	ADD	−$120M	+76,237	$633M	$513M	1,308,907	1,385,144
position key `pos:17695` · issuer key `iss:2037` ORD	NEW	+$393M	+2,009,997	$0	$393M	—	2,009,997
position key `pos:11479` · issuer key `iss:2017` ACT	ADD	+$172M	+1,090,504	$172M	$344M	2,632,676	3,723,180
position key `pos:15642` · issuer key `iss:1334` COM	ADD	+$7.6M	+165,396	$327M	$335M	1,754,831	1,920,227
position key `pos:15198` · issuer key `iss:1445` COM	ADD	+$35.7M	+163,568	$281M	$316M	1,750,489	1,914,057
position key `pos:11390` · issuer key `iss:720` CL A	ADD	−$9.2M	+58,073	$318M	$309M	482,381	540,454
position key `pos:13215` · issuer key `iss:144` COM	ADD	−$3.5M	+59,280	$279M	$276M	1,026,477	1,085,757
position key `pos:17821` · issuer key `iss:89` CAP STK CL C	TRIM	−$23.1M	−3,191	$259M	$236M	824,995	821,804
position key `pos:15142` · issuer key `iss:89` CAP STK CL A	ADD	+$19.8M	+122,559	$190M	$210M	608,559	731,118
position key `pos:14175` · issuer key `iss:95` COM	ADD	−$7.4M	+52,677	$188M	$181M	815,286	867,963
position key `pos:15863` · issuer key `iss:1123` COM	TRIM	−$36.9M	−6,509	$214M	$178M	199,538	193,029
position key `pos:18039` · issuer key `iss:1025` COM	ADD	−$14.5M	+6,803	$190M	$175M	588,854	595,657
position key `pos:11625` · issuer key `iss:2284` N Y REGISTRY SHS	TRIM	+$21.7M	−10,483	$151M	$173M	141,530	131,047
position key `pos:18187` · issuer key `iss:1040` COM NEW	TRIM	+$25.5M	−3,123	$142M	$167M	116,850	113,727
position key `pos:16484` · issuer key `iss:2304` COM	TRIM	−$7.1M	−17,474	$174M	$167M	624,491	607,017
position key `pos:11177` · issuer key `iss:1956` COM	ADD	+$24.5M	+78,473	$138M	$163M	744,277	822,750
position key `pos:12848` · issuer key `iss:1921` COM CL A	ADD	−$18.8M	+20,092	$180M	$161M	512,734	532,826
position key `pos:11321` · issuer key `iss:239` COM SHS	TRIM	−$14.3M	−85,973	$174M	$160M	3,999,403	3,913,430
position key `pos:12492` · issuer key `iss:810` COM NEW	ADD	−$9.6M	+10,053	$158M	$148M	511,904	521,957
position key `pos:17928` · issuer key `iss:1322` COM	ADD	+$39.3M	+27,271	$105M	$144M	184,282	211,553
position key `pos:13234` · issuer key `iss:230` COM	ADD	+$2.3M	+369,518	$138M	$141M	2,514,885	2,884,403
position key `pos:11671` · issuer key `iss:122` COM	TRIM	+$786K	−27,444	$139M	$140M	425,513	398,069
position key `pos:15626` · issuer key `iss:1529` COM	ADD	+$39.1M	+176,937	$96.1M	$135M	523,758	700,695
position key `pos:14206` · issuer key `iss:1193` CL A	ADD	−$1.1M	+31,752	$136M	$135M	237,988	269,740
position key `pos:11005` · issuer key `iss:420` COM	ADD	+$55.3M	+445,701	$76.6M	$132M	4,525,223	4,970,924
position key `pos:15708` · issuer key `iss:1187` COM	ADD	+$1.9M	+58,705	$127M	$129M	682,950	741,655
position key `pos:16115` · issuer key `iss:1869` COM	TRIM	−$32.9M	−28,944	$139M	$106M	421,019	392,075
position key `pos:15035` · issuer key `iss:505` COM	ADD	+$31.4M	+26,717	$67.9M	$99.3M	725,548	752,265
position key `pos:10357` · issuer key `iss:1786` COM	TRIM	−$21.0M	−1,346	$118M	$97.1M	262,641	261,295
position key `pos:12366` · issuer key `iss:22` COM	TRIM	−$32.2M	−88,815	$128M	$95.8M	1,022,306	933,491
position key `pos:13452` · issuer key `iss:320` SPONSORED ADR	ADD	+$22.9M	+352,398	$71.0M	$93.9M	1,253,448	1,605,846
position key `pos:15499` · issuer key `iss:23` COM	ADD	+$24.2M	+126,638	$69.4M	$93.6M	303,791	430,429
position key `pos:18191` · issuer key `iss:1654` CL A SUB VTG SHS	ADD	−$1.5M	+197,230	$94.7M	$93.2M	588,128	785,358
position key `pos:16507` · issuer key `iss:508` COM	ADD	−$2.1M	+63,666	$95.1M	$93.0M	269,228	332,894
position key `pos:17467` · issuer key `iss:1751` SPONSORED ADS	TRIM	+$3.6M	−18,196	$87.2M	$90.8M	286,812	268,616
position key `pos:14374` · issuer key `iss:248` SPONSORED ADS	TRIM	−$3.7M	−5,417	$93.5M	$89.8M	307,660	302,243
position key `pos:14885` · issuer key `iss:1830` COM	ADD	+$16.3M	+455,693	$70.5M	$86.8M	1,432,928	1,888,621
position key `pos:10781` · issuer key `iss:1585` SPONSORED ADR	ADD	−$11.9M	+132,833	$98.2M	$86.3M	1,360,934	1,493,767
position key `pos:13471` · issuer key `iss:562` COM	ADD	+$32.7M	+38,747	$52.0M	$84.8M	111,758	150,505
position key `pos:15221` · issuer key `iss:1228` COM	TRIM	−$12.3M	−87,788	$94.6M	$82.4M	331,607	243,819
position key `pos:15364` · issuer key `iss:1443` SPONSORED ADR	ADD	+$58.9M	+2,004,390	$23.0M	$81.9M	1,942,862	3,947,252
position key `pos:13432` · issuer key `iss:411` COM	ADD	+$28.3M	+23,790	$48.5M	$76.8M	84,616	108,406
position key `pos:12725` · issuer key `iss:1615` COM	TRIM	−$38.2M	−25,892	$113M	$74.8M	426,351	400,459
position key `pos:12681` · issuer key `iss:2154` SHS	ADD	+$20.3M	+23,423	$53.7M	$74.0M	125,862	149,285
position key `pos:16012` · issuer key `iss:1713` COM	ADD	+$11.1M	+79,527	$61.9M	$73.0M	735,427	814,954
position key `pos:10534` · issuer key `iss:1213` COM	TRIM	−$35.0M	−11,431	$108M	$72.8M	53,557	42,126
position key `pos:12030` · issuer key `iss:525` COM	ADD	+$20.3M	+12,227	$52.2M	$72.6M	60,588	72,815
position key `pos:10586` · issuer key `iss:1908` COM	ADD	−$168K	+2,063	$72.4M	$72.2M	159,660	161,723
position key `pos:14585` · issuer key `iss:1246` CL A	ADD	+$7.3M	+47,349	$64.8M	$72.1M	1,203,129	1,250,478
position key `pos:13408` · issuer key `iss:2003` COM	ADD	+$6.0M	+27,281	$63.7M	$69.7M	420,796	448,077
position key `pos:14552` · issuer key `iss:711` COM	ADD	+$28.3M	+67,503	$41.1M	$69.4M	341,776	409,279
position key `pos:15144` · issuer key `iss:556` COM	ADD	+$1.4M	+66,425	$65.4M	$66.8M	285,758	352,183
position key `pos:15235` · issuer key `iss:125` CL A	ADD	+$22.8M	+202,323	$42.3M	$65.1M	312,958	515,281
position key `pos:13354` · issuer key `iss:367` COM	ADD	−$3.8M	+38,480	$68.8M	$65.0M	867,134	905,614
position key `pos:16525` · issuer key `iss:58` COM	ADD	+$19.2M	+38,329	$45.8M	$64.9M	185,237	223,566
position key `pos:11572` · issuer key `iss:1968` COM	ADD	+$31.7M	+214,623	$31.0M	$62.7M	264,131	478,754
position key `pos:15350` · issuer key `iss:2111` SHS	ADD	+$12.3M	+1,670	$48.5M	$60.8M	246,385	248,055
position key `pos:13259` · issuer key `iss:925` SPONSORED ADS	ADD	+$20.9M	+361,074	$39.5M	$60.4M	840,173	1,201,247
position key `pos:16984` · issuer key `iss:187` COM	ADD	+$11.6M	+35,950	$48.6M	$60.1M	289,663	325,613
position key `pos:11361` · issuer key `iss:1042` COM	ADD	−$11.0M	+77,435	$66.2M	$55.2M	519,158	596,593
position key `pos:15119` · issuer key `iss:489` CL A	ADD	+$4.3M	+219,831	$50.5M	$54.8M	1,690,598	1,910,429
position key `pos:16680` · issuer key `iss:1336` COM	ADD	+$14.9M	+80,157	$39.9M	$54.8M	645,764	725,921
position key `pos:10715` · issuer key `iss:916` COM	ADD	+$1.8M	+12,440	$51.7M	$53.5M	150,368	162,808
position key `pos:14516` · issuer key `iss:1643` COM	TRIM	−$21.1M	−291,263	$71.9M	$50.8M	814,429	523,166
position key `pos:16278` · issuer key `iss:390` COM	TRIM	−$26.3M	−39,796	$77.0M	$50.7M	317,819	278,023
position key `pos:14171` · issuer key `iss:1813` COM	ADD	−$7.0M	+344	$57.2M	$50.3M	43,027	43,371
position key `pos:10600` · issuer key `iss:821` COM	ADD	+$10.0M	+32,960	$39.6M	$49.6M	322,996	355,956
position key `pos:10743` · issuer key `iss:1088` COM	ADD	+$11.7M	+14,770	$37.5M	$49.1M	127,622	142,392
position key `pos:18031` · issuer key `iss:2202` SHS CLASS A	ADD	+$20.6M	+284,695	$28.6M	$49.1M	739,185	1,023,880
position key `pos:14282` · issuer key `iss:1417` COM	ADD	+$2.4M	+115,017	$45.8M	$48.2M	408,140	523,157
position key `pos:10218` · issuer key `iss:2015` NAMEN AKT	TRIM	−$72.1M	−1,444,052	$120M	$48.2M	3,091,176	1,647,124
position key `pos:17214` · issuer key `iss:298` COM	ADD	−$1.2M	+14,161	$48.7M	$47.5M	224,352	238,513
position key `pos:14191` · issuer key `iss:1855` COM	ADD	+$3.4M	+5,530	$43.1M	$46.6M	186,489	192,019
position key `pos:17153` · issuer key `iss:386` COM	TRIM	+$13.6M	−11,652	$32.2M	$45.7M	950,104	938,452
position key `pos:18233` · issuer key `iss:1043` SPONSORED ADR	TRIM	+$4.1M	−61,827	$41.5M	$45.6M	2,185,396	2,123,569
position key `pos:10493` · issuer key `iss:471` COM	ADD	+$5.5M	+26,036	$39.6M	$45.1M	566,868	592,904
position key `pos:17386` · issuer key `iss:806` COM	ADD	+$26.4M	+23,108	$18.5M	$44.9M	28,381	51,489
position key `pos:11610` · issuer key `iss:287` COM	TRIM	−$8.0M	−2,786	$52.7M	$44.7M	49,215	46,429
position key `pos:17983` · issuer key `iss:799` COM	TRIM	−$11.8M	−12,637	$55.3M	$43.5M	213,685	201,048
position key `pos:12127` · issuer key `iss:1315` COM	ADD	+$5.0M	+12,388	$38.1M	$43.1M	911,679	924,067
position key `pos:15495` · issuer key `iss:1590` COM	ADD	+$5.7M	+29,654	$37.0M	$42.7M	70,716	100,370
position key `pos:13167` · issuer key `iss:1501` COM	ADD	+$18.4M	+63,998	$23.6M	$42.0M	91,041	155,039
position key `pos:18077` · issuer key `iss:1053` COM	ADD	+$3.5M	+218,984	$38.5M	$42.0M	1,374,337	1,593,321
position key `pos:15125` · issuer key `iss:1798` COM	TRIM	−$13.2M	−9,981	$54.4M	$41.2M	93,812	83,831
position key `pos:11683` · issuer key `iss:1491` COM	ADD	−$2.7M	+14,687	$43.7M	$40.9M	191,837	206,524
position key `pos:12449` · issuer key `iss:621` COM	ADD	+$20.3M	+87,580	$20.2M	$40.4M	191,972	279,552
position key `pos:10136` · issuer key `iss:990` COM	ADD	−$8.9M	+254	$49.1M	$40.2M	165,744	165,998
position key `pos:14305` · issuer key `iss:1452` SPONSORED ADS	TRIM	−$6.2M	−16,139	$46.4M	$40.2M	409,537	393,398
position key `pos:13801` · issuer key `iss:1188` CL A	TRIM	−$6.1M	−26,254	$46.1M	$40.1M	148,708	122,454
position key `pos:11120` · issuer key `iss:749` COM	ADD	+$12.0M	+163,870	$27.9M	$39.9M	623,451	787,321
position key `pos:14770` · issuer key `iss:965` COM	TRIM	−$13.3M	−173,612	$53.1M	$39.7M	669,667	496,055
position key `pos:15789` · issuer key `iss:529` CL A	ADD	−$7.5M	+95,886	$46.6M	$39.1M	1,977,356	2,073,242
position key `pos:13773` · issuer key `iss:2043` CL A COM	ADD	+$4.8M	+78,771	$34.1M	$38.9M	1,022,314	1,101,085
position key `pos:17242` · issuer key `iss:1111` COM	ADD	−$343K	+2,950	$38.8M	$38.4M	79,825	82,775
position key `pos:13599` · issuer key `iss:1035` COM	ADD	+$8.8M	+13,964	$29.6M	$38.3M	142,851	156,815
position key `pos:15433` · issuer key `iss:1290` COM	TRIM	−$1.5M	−25,922	$39.8M	$38.3M	424,529	398,607
position key `pos:11267` · issuer key `iss:2257` COM	TRIM	−$15.8M	−55,943	$53.9M	$38.0M	172,627	116,684
position key `pos:13738` · issuer key `iss:1698` COM	TRIM	−$7.8M	−130,935	$45.6M	$37.9M	523,474	392,539
position key `pos:12359` · issuer key `iss:566` COM NEW	ADD	+$724K	+33,997	$36.5M	$37.2M	525,993	559,990

Flags: no row carries a flag.

1–20 of the 100 changes on this page

Mark-to-market only (no share change) · 4

Positions whose share count is identical in both quarters; the value changed with price, not with a decision.

Positions held with no share change into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	Prev value	Curr value	Prev shares	Curr shares
position key `pos:16001` · issuer key `iss:579` COM SHS	NO CHANGE	+$548K	$4.9M	$5.5M	72,617	72,617
position key `pos:12357` · issuer key `iss:1227` DEP SHS REPSTG	NO CHANGE	−$51.4K	$2.3M	$2.2M	39,200	39,200
position key `sid:sec:prov:0e98b3abdccb3abb7f7b05b1196945d8` · issuer key `cusip6:398438` SP ADR REP B NVT	NO CHANGE	−$253K	$1.8M	$1.5M	190,360	190,360
position key `pos:12527` · issuer key `iss:818` SPON ADR REP PFD	NO CHANGE	−$16.9K	$777K	$760K	210,637	210,637

Flags: no row carries a flag.

Newest filing in this build: 2026-07-31. Per-row filing dates are on each receipt.

Truncated by Public Filings. Changes compare every position with a security identifier, new and exited included; holdings without one are counted, not compared. methodology §13F ↗

Reported positions — 2026-03-31

1–100 of 297 issuers · $13.0B disclosed value over 303 rows · 0 undisclosed-value rows

View

This build carries one quarter for this manager: 2026-03-31. Notable managers carry four published quarters, others two.

This list carries reported issuer names and security identities, without a dated ticker mapping. Symbols are not inferred from names.

a position composed from a base filing plus NEW-HOLDINGS amendments keeps every source row here; the composition's latest filed date is the one shown served from this build's published holdings (derived from the filer's own reported rows); every row resolves to its filing

Share of total reported value, calculated only when the full position list has disclosed values. This is 13F long value, not total assets.

value undisclosed on the filing: retained and counted, excluded from sums, never shown as $0

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BROADCOM INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$677M

2,185,897

5.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MICROSOFT CORP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$513M

1,385,144

4.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ALPHABET INC

2 positions · 2 reported rows

Rows Capital International, Inc./CA/ reported for ALPHABET INC, as it reported them
ALPHABET INC · CAP STK CL C CUSIP — src ↗	$236M	821,804
ALPHABET INC · CAP STK CL A CUSIP — src ↗	$210M	731,118

$446M

1,552,922

3.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ASTRAZENECA PLC · ORD CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$393M

2,009,997

3.0%

—

TOTALENERGIES SE · ACT CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

ticker not yet mapped

$344M

3,723,180

2.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NVIDIA CORPORATION · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$335M

1,920,227

2.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PHILIP MORRIS INTL INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$316M

1,914,057

2.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

META PLATFORMS INC · CL A CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$309M

540,454

2.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

APPLE INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$276M

1,085,757

2.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AMAZON COM INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$181M

867,963

1.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ELI LILLY & CO · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$178M

193,029

1.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

JPMORGAN CHASE & CO · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$175M

595,657

1.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ASML HLDG NV · N Y REGISTRY SHS CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$173M

131,047

1.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

KLA CORP · COM NEW CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$167M

113,727

1.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ROYAL CARIBBEAN GROUP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$167M

607,017

1.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

WELLTOWER INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$163M

822,750

1.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

VISA INC · COM CL A CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$161M

532,826

1.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BARRICK MNG CORP · COM SHS CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$160M

3,913,430

1.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GE AEROSPACE · COM NEW CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$148M

521,957

1.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NORTHROP GRUMMAN CORP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$144M

211,553

1.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BANK AMERICA CORP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$141M

2,884,403

1.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AMGEN INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$140M

398,069

1.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

RTX CORPORATION · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$135M

700,695

1.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MASTERCARD INCORPORATED · CL A CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$135M

269,740

1.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CENOVUS ENERGY INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$132M

4,970,924

1.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MARSH & MCLENNAN COS INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$129M

741,655

1.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

UNITEDHEALTH GROUP INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$106M

392,075

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CONOCOPHILLIPS · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$99.3M

752,265

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TESLA INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$97.1M

261,295

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ABBOTT LABORATORIES · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$95.8M

933,491

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BRITISH AMERN TOB PLC · SPONSORED ADR CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$93.9M

1,605,846

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ABBVIE INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$93.6M

430,429

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SHOPIFY INC · CL A SUB VTG SHS CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$93.2M

785,358

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CONSTELLATION ENERGY CORP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$93.0M

332,894

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TAIWAN SEMICONDUCTOR MANUFAC · SPONSORED ADS CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$90.8M

268,616

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BEONE MEDICINES LTD · SPONSORED ADS CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$89.8M

302,243

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TRUIST FINL CORP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$86.8M

1,888,621

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

RYANAIR HOLDINGS PLC · SPONSORED ADR CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$86.3M

1,493,767

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DEERE & CO · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$84.8M

150,505

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MICRON TECHNOLOGY INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$82.4M

243,819

0.6%

—

PETROLEO BRASILEIRO S A · SPONSORED ADR CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

ticker not yet mapped

$81.9M

3,947,252

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CATERPILLAR INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$76.8M

108,406

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SALESFORCE INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$74.8M

400,459

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

LINDE PLC · SHS CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$74.0M

149,285

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

STARBUCKS CORP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$73.0M

814,954

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MERCADOLIBRE INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$72.8M

42,126

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

COSTCO WHOLESALE CORPORATION · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$72.6M

72,815

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

VERTEX PHARMACEUTICALS INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$72.2M

161,723

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MONDELEZ INTL INC · CL A CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$72.1M

1,250,478

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

KKR & CO INC

2 positions · 2 reported rows

Rows Capital International, Inc./CA/ reported for KKR & CO INC, as it reported them
KKR & CO INC · COM CUSIP — src ↗	$55.2M	596,593
KKR & CO INC · 6.25 CON SER D CUSIP — src ↗	$15.6M	387,755

$70.8M

984,348

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

YUM BRANDS INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$69.7M

448,077

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

EXXON MOBIL CORP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$69.4M

409,279

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BOEING CO

2 positions · 2 reported rows

Rows Capital International, Inc./CA/ reported for BOEING CO, as it reported them
BOEING CO · COM CUSIP — src ↗	$47.5M	238,513
BOEING CO · DEP CONV PFD A CUSIP — src ↗	$20.5M	316,595

$68.0M

555,108

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DANAHER CORP DEL · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$66.8M

352,183

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AMPHENOL CORP · CL A CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$65.1M

515,281

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CVS HEALTH CORP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$65.0M

905,614

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AIR PRODUCTS AND CHEMICALS I · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$64.9M

223,566

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

WHEATON PRECIOUS METALS CORP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$62.7M

478,754

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FTAI AVIATION LTD · SHS CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$60.8M

248,055

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

H WORLD GROUP LTD · SPONSORED ADS CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$60.4M

1,201,247

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ATMOS ENERGY CORP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$60.1M

325,613

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

COMCAST CORP NEW · CL A CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$54.8M

1,910,429

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NUTRIEN LTD · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$54.8M

725,921

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

HOME DEPOT INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$53.5M

162,808

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SEMPRA · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$50.8M

523,166

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CAPITAL ONE FINL CORP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$50.7M

278,023

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TRANSDIGM GROUP INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$50.3M

43,371

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GILEAD SCIENCES INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$49.6M

355,956

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

L3HARRIS TECHNOLOGIES INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$49.1M

142,392

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ROYALTY PHARMA PLC · SHS CLASS A CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$49.1M

1,023,880

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SOUTHERN CO

2 positions · 2 reported rows

Rows Capital International, Inc./CA/ reported for SOUTHERN CO, as it reported them
SOUTHERN CO · COM CUSIP — src ↗	$37.9M	392,539
SOUTHERN CO · UNIT 12/15/2028 CUSIP — src ↗	$10.5M	204,103

$48.4M

596,642

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PAYCHEX INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$48.2M

523,157

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DEUTSCHE BK AG · NAMEN AKT CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$48.2M

1,647,124

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

UNION PAC CORP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$46.6M

192,019

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CANADIAN NAT RES LTD MED TER · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$45.7M

938,452

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

KT CORP · SPONSORED ADR CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$45.6M

2,123,569

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

COCA COLA CO · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$45.1M

592,904

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GE VERNOVA INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$44.9M

51,489

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BLACKROCK INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$44.7M

46,429

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GALLAGHER ARTHUR J & CO · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$43.5M

201,048

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NISOURCE INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$43.1M

924,067

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

S&P GLOBAL INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$42.7M

100,370

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PUBLIC STORAGE OPER CO · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$42.0M

155,039

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

KEURIG DR PEPPER INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$42.0M

1,593,321

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

THERMO FISHER SCIENTIFIC INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$41.2M

83,831

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PROGRESSIVE CORP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$40.9M

206,524

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

EOG RES INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$40.4M

279,552

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

INTERNATIONAL BUSINESS MACHS · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$40.2M

165,998

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PDD HOLDINGS INC · SPONSORED ADS CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$40.2M

393,398

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MARRIOTT INTL INC NEW · CL A CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$40.1M

122,454

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FIRSTENERGY CORP · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$39.9M

787,321

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

INGERSOLL RAND INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$39.7M

496,055

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

COUPANG INC · CL A CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$39.1M

2,073,242

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BBB FOODS INC · CL A COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$38.9M

1,101,085

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

LENNOX INTL INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$38.4M

82,775

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

JOHNSON & JOHNSON · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$38.3M

156,815

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NETFLIX INC. · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$38.3M

398,607

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CHUBB LTD SWITZ · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$38.0M

116,684

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DELTA AIR LINES INC · COM NEW CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$37.2M

559,990

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CORTEVA INC · COM CUSIP —
2026-03-31 filed 2026-05-13 +43d

src ↗

$35.8M

428,001

0.3%

1–20 of the 100 issuers on this page

Change kind and share change are in Position changes above; Congress overlap is planned.

One line per issuer, largest first; a row with no issuer key stands on its own line. Open a line for its rows as this filer reported them. The list holds every row this filer reported for the quarter. Issuer totals on the holders pages count each manager's own report once; that never removes a row here. how positions are grouped ↗

Book shape

2026-03-31 · concentration · vs tracked median · tick = median

Top-25 concentration: 46.1%below median 80.0%
Concentration index: 132 bpsbelow median 446 bps
Positions with value: 303 / 303median book 97.5 positions

Concentration uses reported 13F long value, not total assets. The index is withheld when any position lacks a value. Medians are over the 8,748 tracked filers with a 2026-03-31 book; the index median over the 8,662 with a complete book.

holdings whose <value> did not parse — retained and counted, never zero-filled: 0 · share of the period's disclosed value held in the top-N positions; denominator is reported 13F value, not total assets: 46.1% · integer Herfindahl–Hirschman index in basis points over disclosed position values: 132 · QoQ moves: 333

Filing history

AVAILABLE QUARTERS

Available filing periods
Period	Source
2026-03-31	EDGAR ↗

PLANNED sector rotation · Congress overlap · signals for this filer

Complete source filings on SEC EDGAR

The complete filing on EDGAR.

The position list above is served from the published Public Filings build, each position as this filer reported it; where the page cannot embed every reported row, the list says how many it leaves out. This block is provenance, not a substitute: the filing itself is the record, and it is one click away. Public Filings decided on 2026-08-01 to serve this list from its published build; filings newer than this build are on EDGAR.

Open Capital International, Inc./CA/'s 13F filings on SEC EDGAR ↗

Notes on this data

Reported positions

Quarter-end holdings as filed

Explore the full published position list and its source filing. This record excludes the manager’s cash, shorts and non-13(f) assets.

Share changes

Compare consecutive quarters

Position changes retain the producer’s classification and comparability flags. Share counts and reported values describe different changes.

Coverage

A snapshot, not current holdings

Use the quarter selector to inspect available periods. Unknown values stay unknown and each table states its coverage.

A 13F is a quarterly, long-only snapshot filed up to 45 days late — not current holdings. what a 13F covers ↗

13F reports cover LONG positions in Section 13(f) securities (US exchange-traded equities plus reportable options, warrants, certain convertibles) held by managers with at least $100M in such securities — so managers below that threshold are absent entirely. No short positions, no cash, no non-13(f) assets — not a full portfolio, and not a census of institutional ownership.

Positions are quarter-end snapshots filed up to 45 days late — not current holdings. A position may have been changed or closed before you ever see it, and is older still by however long ago that quarter ended.

Values are the manager's stated market value at quarter-end in era-dependent units (whole dollars for form versions effective 2023-01-03 onward, thousands before), normalized here to whole dollars with unit_basis carried on every record.

Affiliated managers may report the same position (otherManager), so one position can appear under more than one filer.

Positions under confidential treatment may be omitted until a later amendment discloses them.

These are disclosures, not investment advice (ARCHITECTURE.md §5.2 / M2-CONTRACT §5).