Who holds ticker verified against the SEC company list on 2026-09-10 — a reviewed name-and-class mapping row, never an inferred symbol. how tickers are mapped ↗

COHERENT CORP · COM · quarter ended 2026-03-31 · 8 members disclosed COHR ↗

13F filers reporting this class for the quarter ended 2026-03-31; 1–500 of 906 holders are listed, largest first: 906
sum of the reported values across every holder; NULL values are excluded, never zero-filled: $38.5B
holders whose share count rose or who opened the position (new + add), by shares: 522
holders absent this quarter after holding last quarter — inferred from absence, not a sale record: 106

Holders — quarter ended 2026-03-31

ranked by reported value · Δ shares vs 2025-12-31 · kind by shares

13F holders of COHR ranked by reported value
#	Filer	Reported value	Shares	Δ shares	Change
1	FMR LLC	$5.4B	22,660,867	−946,136	TRIM
2	BlackRock, Inc.	$3.6B	14,952,975	+499,098	ADD
3	VANGUARD CAPITAL MANAGEMENT LLC	$2.9B	12,179,609	—	NO PRIOR
4	VANGUARD PORTFOLIO MANAGEMENT LLC	$2.3B	9,459,601	—	NO PRIOR
5	NVIDIA CORP	$1.9B	7,788,161	+7,788,161	NEW
6	STATE STREET CORP	$1.8B	7,747,916	+3,031,466	ADD
7	Invesco Ltd.	$1.6B	6,711,332	+1,335,716	ADD
8	GEODE CAPITAL MANAGEMENT, LLC	$1.2B	5,238,183	+2,444,760	ADD
9	MORGAN STANLEY	$656M	2,754,010	+878,121	ADD
10	WT Asset Management Ltd	$637M	2,676,129	+2,183,763	ADD
11	VOYA INVESTMENT MANAGEMENT LLC	$531M	2,230,487	+658,684	ADD
12	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$487M	2,045,248	+678,606	ADD
13	Polar Capital Holdings Plc	$471M	1,978,182	+272,270	ADD
14	UBS Group AG	$436M	1,828,841	+737,594	ADD
15	MASSACHUSETTS FINANCIAL SERVICES CO /MA/	$432M	1,813,256	−27,912	TRIM
16	BANK OF AMERICA CORP /DE/	$402M	1,686,274	+633,623	ADD
17	DEUTSCHE BANK AG\	$379M	1,589,546	+1,356,740	ADD
18	NORTHERN TRUST CORP	$352M	1,478,429	+180,743	ADD
19	WELLINGTON MANAGEMENT GROUP LLP	$325M	1,362,950	−1,102,701	TRIM
20	Value Aligned Research Advisors, LLC	$306M	1,285,200	−50,017	TRIM
21	BARROW HANLEY MEWHINNEY & STRAUSS LLC	$302M	1,267,469	−131,426	TRIM
22	Bank of New York Mellon Corp	$279M	1,172,566	+124,271	ADD
23	DIMENSIONAL FUND ADVISORS LP	$272M	1,142,688	−55,765	TRIM
24	Holocene Advisors, LP	$269M	1,127,728	−167,001	TRIM
25	AMERIPRISE FINANCIAL INC	$263M	1,105,036	−162,394	TRIM
26	CITADEL ADVISORS LLC	$257M	1,079,094	−901,429	TRIM
27	VANGUARD FIDUCIARY TRUST CO	$251M	1,053,795	—	NO PRIOR
28	FRANKLIN RESOURCES INC	$242M	1,016,015	+28,923	ADD
29	AGF MANAGEMENT LTD	$238M	998,394	+854,021	ADD
30	Whale Rock Capital Management LLC	$232M	975,048	−119,709	TRIM
31	Sachem Head Capital Management LP	$230M	965,000	−645,000	TRIM
32	MILLENNIUM MANAGEMENT LLC	$212M	889,073	−373,187	TRIM
33	Legal & General Group Plc	$184M	774,307	+467,460	ADD
34	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	$180M	756,468	+401,725	ADD
35	Sumitomo Mitsui Trust Group, Inc.	$180M	755,294	+749,424	ADD
36	Nuveen, LLC	$165M	693,164	+447,082	ADD
37	WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC	$159M	668,137	−204,923	TRIM
38	Amundi	$155M	652,589	+88,480	ADD
39	Atreides Management, LP	$150M	631,159	−604,087	TRIM
40	SNYDER CAPITAL MANAGEMENT L P	$145M	607,209	−381,101	TRIM
41	Point72 Asset Management, L.P.	$138M	580,398	−2,758,537	TRIM
42	RAYMOND JAMES FINANCIAL INC	$134M	564,407	−107,444	TRIM
43	DODGE & COX	$133M	558,920	−110,935	TRIM
44	BANK OF MONTREAL /CAN/	$126M	527,871	+137,022	ADD
45	DRIEHAUS CAPITAL MANAGEMENT LLC	$123M	516,229	+68,284	ADD
46	Artemis Investment Management LLP	$121M	507,794	+324,350	ADD
47	LAZARD ASSET MANAGEMENT LLC	$119M	499,664	+346,443	ADD
48	CITIGROUP INC	$115M	481,819	−133,106	TRIM
49	Clearbridge Investments, LLC	$113M	474,525	−113,770	TRIM
50	Swiss National Bank	$109M	457,300	+146,934	ADD
51	Mitsubishi UFJ Asset Management Co., Ltd.	$109M	455,484	+403,497	ADD
52	Electron Capital Partners, LLC	$108M	451,953	−48,192	TRIM
53	MAPLELANE CAPITAL, LLC	$106M	445,000	+445,000	NEW
54	BALYASNY ASSET MANAGEMENT L.P.	$104M	438,657	−367,402	TRIM
55	BARCLAYS PLC	$104M	435,057	+182,758	ADD
56	AMERICAN CENTURY COMPANIES INC	$101M	424,362	+42,437	ADD
57	WATERS PARKERSON & CO., LLC	$98.5M	413,396	−30,345	TRIM
58	Vanguard Global Advisers, LLC	$97.7M	410,352	—	NO PRIOR
59	SUSQUEHANNA INTERNATIONAL GROUP, LLP	$97.4M	408,976	+190,589	ADD
60	Oxbow Capital Management (HK) Ltd	$96.5M	405,000	+345,000	ADD
61	ALLIANCEBERNSTEIN L.P.	$95.3M	516,182	−220,429	TRIM
62	WESTFIELD CAPITAL MANAGEMENT CO LP	$94.5M	396,644	−268,479	TRIM
63	Pictet Asset Management Holding SA	$93.1M	390,674	+367,234	ADD
64	JANE STREET GROUP, LLC	$91.6M	384,631	−3,192,899	TRIM
65	ROYAL BANK OF CANADA	$90.5M	380,051	+175,822	ADD
66	DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	$89.6M	376,130	+363,370	ADD
67	Rodgers Brothers Inc.	$89.2M	374,649	−10,083	TRIM
68	Eurizon Capital SGR S.p.A.	$87.0M	372,803	+370,105	ADD
69	HSBC HOLDINGS PLC	$85.3M	359,474	+249,176	ADD
70	Fisher Asset Management, LLC	$81.1M	340,272	−161,896	TRIM
71	Mirae Asset Global Investments Co., Ltd.	$79.2M	332,425	+43,536	ADD
72	Artisan Partners Limited Partnership	$76.9M	322,874	−341,180	TRIM
73	RHUMBLINE ADVISERS	$74.2M	311,572	−90,534	TRIM
74	Clear Street Group Inc.	$70.4M	295,475	+295,475	NEW
75	WELLS FARGO & COMPANY/MN	$70.2M	294,710	+43,679	ADD
76	PINNACLE ASSOCIATES LTD	$69.3M	290,965	−46,346	TRIM
77	CloudAlpha Capital Management Limited/Hong Kong	$67.2M	281,910	+281,910	NEW
78	VANGUARD ASSET MANAGEMENT, Ltd	$65.6M	275,350	—	NO PRIOR
79	Focus Partners Wealth	$60.7M	254,706	+154,334	ADD
80	ADAGE CAPITAL PARTNERS GP, L.L.C.	$59.1M	248,000	+38,000	ADD
81	Rokos Capital Management LLP	$58.6M	245,957	−122,081	TRIM
82	MANUFACTURERS LIFE INSURANCE COMPANY, THE	$57.1M	239,650	−125,576	TRIM
83	Arnhold LLC	$56.5M	237,035	−34,496	TRIM
84	Defiance ETFs, LLC	$53.9M	226,246	+23,969	ADD
85	BNP Paribas Asset Management Holding S.A.	$51.5M	216,385	+215,731	ADD
86	CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM	$51.5M	216,281	−47,344	TRIM
87	SCHRODER INVESTMENT MANAGEMENT GROUP	$49.9M	227,102	−28,307	TRIM
88	PRINCIPAL FINANCIAL GROUP INC	$49.7M	208,506	−129,400	TRIM
89	ENVESTNET ASSET MANAGEMENT INC	$49.3M	207,079	+11,013	ADD
90	REAVES W H & CO INC	$49.0M	205,831	+179,831	ADD
91	Tidal Investments LLC	$48.9M	205,298	+127,145	ADD
92	EXCHANGE TRADED CONCEPTS, LLC	$44.5M	186,669	+97,526	ADD
93	Minneapolis Portfolio Management Group, LLC	$42.9M	180,201	−83,639	TRIM
94	LPL Financial LLC	$42.5M	178,339	−188,297	TRIM
95	FIRST TRUST ADVISORS LP	$40.8M	171,176	−189,916	TRIM
96	SYSTEMATIC FINANCIAL MANAGEMENT LP	$40.7M	170,738	−51,600	TRIM
97	Bridgewater Associates, LP	$38.9M	163,368	+114,389	ADD
98	Squarepoint Ops LLC	$38.7M	162,422	−81,668	TRIM
99	Estuary Capital Management LP	$37.1M	155,692	+155,692	NEW
100	VOLORIDGE INVESTMENT MANAGEMENT, LLC	$35.8M	150,419	−41,432	TRIM
101	Cartenna Capital, LP	$35.7M	150,000	+150,000	NEW
102	Freestone Grove Partners LP	$34.9M	146,578	−114,265	TRIM
103	NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	$33.6M	141,196	+141,196	NEW
104	LMR Partners LLP	$33.3M	140,000	−1,073	TRIM
105	STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	$33.0M	138,468	+12,348	ADD
106	Oak Grove Capital LLC	$32.0M	134,405	+61,913	ADD
107	Danica Pension, Livsforsikringsaktieselskab	$31.8M	133,669	−436,331	TRIM
108	STIFEL FINANCIAL CORP	$31.7M	132,927	+25,242	ADD
109	NATIONAL BANK OF CANADA /FI/	$30.5M	128,166	+123,446	ADD
110	J. Safra Sarasin Holding AG	$30.4M	127,925	+59,063	ADD
111	Universal- Beteiligungs- und Servicegesellschaft mbH	$29.8M	125,283	+21,834	ADD
112	PRUDENTIAL FINANCIAL INC	$29.5M	123,936	+27,390	ADD
113	Trinity Street Asset Management LLP	$29.2M	122,455	−21,422	TRIM
114	E20 Capital Ltd	$28.8M	120,878	—	NO PRIOR
115	Hudson Bay Capital Management LP	$28.6M	120,000	+117,115	ADD
116	Gotham Asset Management, LLC	$28.1M	118,031	−18,860	TRIM
117	Yaupon Capital Management LP	$27.8M	116,824	+27,637	ADD
118	Zweig-DiMenna Associates LLC	$27.8M	116,750	+39,850	ADD
119	Robeco Schweiz AG	$27.3M	114,400	+56,900	ADD
120	STATE OF WISCONSIN INVESTMENT BOARD	$26.9M	113,086	−14,661	TRIM
121	FRONTIER CAPITAL MANAGEMENT CO LLC	$26.9M	112,906	−278,033	TRIM
122	D. E. Shaw & Co., Inc.	$26.8M	112,502	−201,790	TRIM
123	Broad Peak Investment Advisers Pte Ltd	$26.8M	112,300	−219,976	TRIM
124	AustralianSuper Pty Ltd	$26.6M	111,735	+111,735	NEW
125	NEXT CENTURY GROWTH INVESTORS LLC	$26.2M	109,999	+10,482	ADD
126	NEW YORK STATE COMMON RETIREMENT FUND	$26.2M	109,986	+12,600	ADD
127	Korea Investment CORP	$25.6M	107,466	+107,466	NEW
128	NEEDHAM INVESTMENT MANAGEMENT LLC	$25.1M	105,500	−32,000	TRIM
129	AVIVA PLC	$25.0M	104,844	+104,844	NEW
130	COMMONWEALTH EQUITY SERVICES, LLC	$25.0M	104,834	+2,067	ADD
131	SHUFRO ROSE & CO LLC	$23.8M	99,977	−5,591	TRIM
132	Stephens Investment Management Group LLC	$23.3M	97,648	−46,145	TRIM
133	Mariner, LLC	$22.4M	94,184	−3,966	TRIM
134	Alta Park Capital, LP	$22.4M	94,063	+94,063	NEW
135	Chevy Chase Trust Holdings, LLC	$22.0M	92,361	+92,361	NEW
136	AGMAN CAPITAL LLC	$21.4M	89,998	−19,320	TRIM
137	AQR CAPITAL MANAGEMENT LLC	$21.4M	93,128	−23,296	TRIM
138	GATEWAY INVESTMENT ADVISERS LLC	$21.3M	89,298	+19,050	ADD
139	Candriam S.C.A.	$21.2M	89,135	+14,007	ADD
140	VICTORY CAPITAL MANAGEMENT INC	$21.1M	88,547	−6,100	TRIM
141	Science & Technology Partners, L.P.	$21.0M	88,240	−37,335	TRIM
142	Shannon River Fund Management LLC	$20.9M	87,905	−80,013	TRIM
143	SEI INVESTMENTS CO	$20.8M	87,225	−33,465	TRIM
144	Shellback Capital, LP	$20.8M	87,209	+87,209	NEW
145	SORA INVESTORS LLC	$20.5M	85,966	−9,616	TRIM
146	Ardmore Road Asset Management LP	$19.3M	81,000	−59,881	TRIM
147	TORONTO DOMINION BANK	$18.8M	78,935	+78,917	ADD
148	Ensign Peak Advisors, Inc	$18.4M	77,163	+68,718	ADD
149	NISSAY ASSET MANAGEMENT CORP /JAPAN	$18.2M	76,286	+15,519	ADD
150	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	$18.1M	76,083	0	NO CHANGE
151	GROUP ONE TRADING LLC	$18.0M	75,682	+19,230	ADD
152	THORNBURG INVESTMENT MANAGEMENT INC	$17.8M	74,771	−33,190	TRIM
153	Vanguard Investments Australia, Ltd.	$17.4M	73,209	—	NO PRIOR
154	Alyeska Investment Group, L.P.	$17.3M	72,713	+72,713	NEW
155	Mitsubishi UFJ Trust & Banking Corp	$17.3M	72,695	+64,828	ADD
156	Baird Financial Group, Inc.	$17.2M	72,049	+72,049	NEW
157	Allianz Asset Management GmbH	$17.1M	71,640	−17,933	TRIM
158	CIBC WORLD MARKET INC.	$16.9M	71,076	+69,654	ADD
159	STEADFAST CAPITAL MANAGEMENT LP	$16.8M	70,500	+70,500	NEW
160	CI INVESTMENTS INC.	$16.8M	70,317	−61,682	TRIM
161	BAMCO INC /NY/	$16.0M	66,982	+37,500	ADD
162	TRUIST FINANCIAL CORP	$15.9M	66,722	−25,815	TRIM
163	JACKSON SQUARE CAPITAL, LLC	$15.8M	66,394	−6,806	TRIM
164	Nishkama Capital, LLC	$15.8M	66,276	−1,700	TRIM
165	Asset Management One Co., Ltd.	$15.7M	66,115	+66,115	NEW
166	VAN DEN BERG MANAGEMENT I, INC	$15.4M	64,539	−55,298	TRIM
167	TD ASSET MANAGEMENT INC	$15.4M	64,470	+52,986	ADD
168	MetLife Investment Management, LLC	$15.3M	64,416	−36,767	TRIM
169	KENNEDY CAPITAL MANAGEMENT LLC	$15.3M	64,371	−22,051	TRIM
170	NOMURA ASSET MANAGEMENT CO LTD	$15.3M	64,349	−356,254	TRIM
171	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	$15.0M	64,038	+16,463	ADD
172	Trivest Advisors Ltd	$14.9M	62,400	+62,400	NEW
173	Sterling Capital Management LLC	$14.7M	61,868	−51,848	TRIM
174	Hedeker Wealth, LLC	$14.6M	61,493	−789	TRIM
175	Walleye Trading LLC	$14.6M	61,355	−1,836	TRIM
176	Engineers Gate Manager LP	$14.4M	60,615	+59,311	ADD
177	DANSKE BANK A/S	$14.1M	59,400	+57,700	ADD
178	KLP KAPITALFORVALTNING AS	$14.1M	59,300	+24,659	ADD
179	Quantinno Capital Management LP	$14.0M	58,823	+935	ADD
180	1832 Asset Management L.P.	$13.9M	58,363	+22,426	ADD
181	Union Bancaire Privee, UBP SA	$13.6M	73,972	+27,372	ADD
182	Migdal Insurance & Financial Holdings Ltd.	$13.3M	56,000	+56,000	NEW
183	GREAT LAKES ADVISORS, LLC	$13.2M	55,457	−9,413	TRIM
184	RIPOSTE CAPITAL LLC	$13.1M	55,000	+10,000	ADD
185	THAMES CAPITAL MANAGEMENT LLC	$13.0M	54,581	−28,590	TRIM
186	Skylands Capital, LLC	$12.9M	54,337	−8,833	TRIM
187	State of New Jersey Common Pension Fund D	$12.8M	53,784	0	NO CHANGE
188	ROYAL LONDON ASSET MANAGEMENT LTD	$12.8M	53,707	+53,707	NEW
189	BARD ASSOCIATES INC	$12.8M	53,635	−23,864	TRIM
190	SAMLYN CAPITAL, LLC	$12.8M	53,557	−211,931	TRIM
191	Maytree Asset Management Ltd	$12.6M	52,963	+52,963	NEW
192	Czech National Bank	$12.2M	51,060	+51,060	NEW
193	VMS Asset Management Limited	$12.1M	50,801	+4,201	ADD
194	Verition Fund Management LLC	$12.0M	50,351	+32,978	ADD
195	Tairen Capital Ltd	$11.9M	50,000	−30,650	TRIM
196	STATE OF MICHIGAN RETIREMENT SYSTEM	$11.7M	49,000	+11,894	ADD
197	Swedbank AB	$11.6M	48,502	−201,498	TRIM
198	OFI INVEST ASSET MANAGEMENT	$11.4M	55,081	−183,947	TRIM
199	Callan Family Office, LLC	$11.3M	47,579	−6,612	TRIM
200	Hel Ved Capital Management Ltd	$11.3M	47,575	−52,535	TRIM
201	Mediolanum International Funds Ltd	$11.2M	50,790	+50,790	NEW
202	Resona Asset Management Co.,Ltd.	$11.2M	47,553	+47,553	NEW
203	Connor, Clark & Lunn Investment Management Ltd.	$11.0M	46,004	+33,981	ADD
204	Walleye Capital LLC	$10.8M	45,488	−92,332	TRIM
205	Mizuho Markets Cayman LP	$10.7M	44,777	+44,777	NEW
206	Zurcher Kantonalbank (Zurich Cantonalbank)	$10.6M	44,424	+44,424	NEW
207	ALLIANZ SE	$10.6M	44,317	−6,567	TRIM
208	Rafferty Asset Management, LLC	$10.5M	44,217	+41,576	ADD
209	Napean Trading & Investment Co (Singapore) PTE Ltd	$10.4M	43,744	0	NO CHANGE
210	COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	$10.4M	43,673	+4,347	ADD
211	CIBC Asset Management Inc	$10.3M	43,111	+38,359	ADD
212	Arizona State Retirement System	$10.1M	42,439	−739	TRIM
213	OAK RIDGE INVESTMENTS LLC	$10.1M	42,412	+2,137	ADD
214	CIBC Bancorp USA Inc.	$10.0M	41,964	—	NO PRIOR
215	Munro Partners	$9.8M	41,305	+1,115	ADD
216	Rakuten Investment Management, Inc.	$9.8M	44,726	+30,231	ADD
217	PICTON MAHONEY ASSET MANAGEMENT	$9.6M	40,294	+40,294	NEW
218	Retirement Systems of Alabama	$9.5M	39,814	−148,796	TRIM
219	HighTower Advisors, LLC	$9.2M	38,644	+12,565	ADD
220	E Fund Management Co., Ltd.	$9.1M	38,118	—	NO PRIOR
221	Man Group plc	$9.0M	37,732	−28,599	TRIM
222	Aristotle Atlantic Partners, LLC	$9.0M	37,623	+37,623	NEW
223	M & L Capital Management Ltd	$9.0M	37,600	+15,900	ADD
224	FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND	$8.9M	37,500	+37,500	NEW
225	EVENTIDE ASSET MANAGEMENT, LLC	$8.8M	37,021	+28,061	ADD
226	PUBLIC SECTOR PENSION INVESTMENT BOARD	$8.8M	36,900	−27,023	TRIM
227	Cetera Investment Advisers	$8.8M	36,856	−6,438	TRIM
228	Pathstone Holdings, LLC	$8.7M	36,702	−1,646	TRIM
229	TICINO WEALTH	$8.6M	33,003	−55,397	TRIM
230	SaddleRock Capital Management LLC	$8.5M	35,755	−12,900	TRIM
231	Woodline Partners LP	$8.5M	35,482	+35,482	NEW
232	TD Waterhouse Canada Inc.	$8.4M	34,022	+10,538	ADD
233	Roberts Wealth Advisors, LLC	$8.4M	35,212	−10,433	TRIM
234	Cerity Partners LLC	$8.3M	35,031	+22,447	ADD
235	ProShare Advisors LLC	$8.2M	34,601	+27,760	ADD
236	NISA INVESTMENT ADVISORS, LLC	$8.2M	34,322	+8,434	ADD
237	Harbour Capital Advisors, LLC	$8.2M	23,297	+41	ADD
238	Creative Planning	$8.2M	34,271	+7,658	ADD
239	CANADA PENSION PLAN INVESTMENT BOARD	$8.1M	33,803	+33,803	NEW
240	UniSuper Management Pty Ltd	$7.9M	33,097	+33,097	NEW
241	DnB Asset Management AS	$7.9M	33,025	+21,470	ADD
242	Daiwa Securities Group Inc.	$7.4M	31,081	+30,881	ADD
243	IFM Investors Pty Ltd	$7.3M	30,713	+30,713	NEW
244	Polymer Capital Management (HK) LTD	$7.2M	30,291	−34,607	TRIM
245	SEB Asset Management AB	$7.1M	30,007	—	NO PRIOR
246	SUVRETTA CAPITAL MANAGEMENT, LLC	$7.1M	30,000	−107,930	TRIM
247	Grand Alliance Asset Management Ltd	$7.1M	30,000	+30,000	NEW
248	STOREBRAND ASSET MANAGEMENT AS	$7.0M	29,482	—	NO PRIOR
249	FIFTH THIRD BANCORP	$7.0M	29,476	+27,298	ADD
250	XPONANCE LLC	$7.0M	29,276	+14,465	ADD
251	Tredje AP-fonden	$7.0M	29,200	−62,803	TRIM
252	PRELUDE CAPITAL MANAGEMENT, LLC	$6.9M	28,799	+24,926	ADD
253	Utah Retirement Systems	$6.8M	28,388	+20,147	ADD
254	OSAIC HOLDINGS, INC.	$6.7M	28,023	+2,945	ADD
255	Matthew 25 Management Corp	$6.7M	28,000	+28,000	NEW
256	GENDELL JEFFREY L	$6.6M	27,627	0	NO CHANGE
257	Westside Investment Management, Inc.	$6.5M	27,151	−4,359	TRIM
258	NEOS Investment Management LLC	$6.4M	27,065	+27,065	NEW
259	Beacon Pointe Advisors, LLC	$6.4M	26,826	+1,548	ADD
260	UG Investment Advisers Ltd.	$6.3M	26,400	+26,400	NEW
261	VISTA INVESTMENT MANAGEMENT	$6.3M	26,316	−3,396	TRIM
262	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	$6.2M	26,003	+26,003	NEW
263	Vestmark Advisory Solutions, Inc.	$6.1M	25,469	+2,018	ADD
264	MERCER GLOBAL ADVISORS INC /ADV	$6.0M	25,126	+2,930	ADD
265	NAVELLIER & ASSOCIATES INC	$6.0M	25,114	+25,114	NEW
266	Schonfeld Strategic Advisors LLC	$6.0M	25,104	−176,085	TRIM
267	Fragasso Financial Advisors Inc	$5.9M	23,395	+41	ADD
268	SHEETS SMITH WEALTH MANAGEMENT	$5.8M	24,508	−499	TRIM
269	Federation des caisses Desjardins du Quebec	$5.8M	24,208	−20,120	TRIM
270	Concurrent Investment Advisors, LLC	$5.8M	24,183	−14,785	TRIM
271	ING GROEP NV	$5.8M	24,180	+24,180	NEW
272	BRANT POINT INVESTMENT MANAGEMENT LLC	$5.7M	24,000	−16,000	TRIM
273	Steadtrust LLC	$5.7M	23,800	−340	TRIM
274	BOOTHBAY FUND MANAGEMENT, LLC	$5.4M	22,786	+16,492	ADD
275	Octahedron Capital Management L.P.	$5.4M	22,700	+22,700	NEW
276	PETREDIS INVESTMENT ADVISORS LLC	$5.4M	22,621	+1,343	ADD
277	FORA Capital, LLC	$5.3M	22,381	+12,596	ADD
278	Sumitomo Mitsui DS Asset Management Company, Ltd	$5.3M	22,366	+22,366	NEW
279	PEAK6 LLC	$5.3M	22,350	+22,350	NEW
280	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	$5.3M	36,948	+15,668	ADD
281	KP Management LLC	$5.2M	22,000	+6,000	ADD
282	Jefferies Financial Group Inc.	$5.2M	21,854	+15,756	ADD
283	BANK OF NOVA SCOTIA	$5.2M	21,750	−106,450	TRIM
284	OREGON PUBLIC EMPLOYEES RETIREMENT FUND	$5.1M	21,500	−9,845	TRIM
285	BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp	$5.1M	21,474	+21,474	NEW
286	AZZAD ASSET MANAGEMENT INC /ADV	$5.1M	21,461	0	NO CHANGE
287	DAVENPORT & Co LLC	$5.0M	20,964	−4,517	TRIM
288	Vanguard Personalized Indexing Management, LLC	$4.9M	20,661	+2,174	ADD
289	JOHN G ULLMAN & ASSOCIATES INC	$4.9M	20,650	−7,200	TRIM
290	New Age Alpha Advisors, LLC	$4.9M	20,596	+1,006	ADD
291	MML INVESTORS SERVICES, LLC	$4.9M	20,493	+12,345	ADD
292	DEEPWATER ASSET MANAGEMENT, LLC	$4.8M	20,053	−6,059	TRIM
293	Oak Harvest Investment Services	$4.8M	20,011	−233	TRIM
294	US BANCORP \DE\	$4.8M	20,008	−5,462	TRIM
295	DIKER MANAGEMENT LLC	$4.8M	20,000	−20,000	TRIM
296	OP Asset Management Ltd	$4.7M	19,940	—	NO PRIOR
297	MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	$4.7M	19,939	−45,463	TRIM
298	Kestra Advisory Services, LLC	$4.7M	19,864	+192	ADD
299	Wealthfront Advisers LLC	$4.5M	19,020	+16,162	ADD
300	Vontobel Holding Ltd.	$4.5M	18,844	−13,001	TRIM
301	NorthCrest Asset Manangement, LLC	$4.3M	16,494	−3,690	TRIM
302	Clearline Capital LP	$4.3M	17,849	+14,561	ADD
303	COOKSON PEIRCE & CO INC	$4.2M	17,773	−6,066	TRIM
304	MACQUARIE GROUP LTD	$4.2M	17,762	+14,606	ADD
305	Rockefeller Capital Management L.P.	$4.2M	17,669	+2,372	ADD
306	Composition Wealth, LLC	$4.2M	17,487	+1,014	ADD
307	M&T BANK CORP	$4.2M	17,480	−7,931	TRIM
308	YOUSIF CAPITAL MANAGEMENT, LLC	$4.1M	17,413	−31,210	TRIM
309	QUADRANT CAPITAL GROUP LLC	$4.1M	17,258	+2,187	ADD
310	Wakefield Asset Management LLLP	$4.1M	17,206	−5,446	TRIM
311	Future Fund LLC	$4.1M	17,169	+8,695	ADD
312	NewEdge Advisors, LLC	$4.1M	17,086	+17,086	NEW
313	MACKENZIE FINANCIAL CORP	$4.0M	16,847	+7,756	ADD
314	Aberdeen Group plc	$3.9M	16,447	+16,447	NEW
315	Swiss Life Asset Management Ltd	$3.8M	15,990	+7,793	ADD
316	Orion Porfolio Solutions, LLC	$3.7M	15,711	+1,878	ADD
317	NORDEA INVESTMENT MANAGEMENT AB	$3.6M	16,058	+16,058	NEW
318	PRINCETON CAPITAL MANAGEMENT LLC	$3.6M	14,955	+1,117	ADD
319	ZEVENBERGEN CAPITAL INVESTMENTS LLC	$3.5M	14,800	+14,800	NEW
320	Elm Partners Management LLC	$3.5M	15,998	−4,000	TRIM
321	PVG ASSET MANAGEMENT CORP	$3.5M	8,467	—	NO PRIOR
322	TITAN GLOBAL CAPITAL MANAGEMENT USA LLC	$3.5M	14,549	+14,549	NEW
323	Goldstream Capital Management Ltd	$3.4M	14,410	+14,410	NEW
324	Sanctuary Advisors, LLC	$3.4M	14,221	+6,331	ADD
325	Biondo Investment Advisors, LLC	$3.4M	14,200	−200	TRIM
326	Vinva Investment Management Ltd	$3.3M	15,158	+15,158	NEW
327	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	$3.3M	13,820	+12,618	ADD
328	Persistent Asset Partners Ltd	$3.3M	13,738	+13,038	ADD
329	Brooklyn Investment Group	$3.3M	13,650	+1,163	ADD
330	WESTPORT ASSET MANAGEMENT INC	$3.2M	13,500	0	NO CHANGE
331	SCALAR GAUGE MANAGEMENT, LLC	$3.1M	13,000	+13,000	NEW
332	O'SHAUGHNESSY ASSET MANAGEMENT, LLC	$3.1M	12,900	+4,558	ADD
333	KR Capital LP	$3.1M	12,895	—	NO PRIOR
334	Lombard Odier Asset Management (Europe) Ltd	$3.1M	12,841	−715	TRIM
335	Dedeker Financial LLC	$3.0M	12,734	+12,734	NEW
336	Envestnet Portfolio Solutions, Inc.	$2.9M	12,291	−4,301	TRIM
337	IRONWOOD INVESTMENT MANAGEMENT LLC	$2.9M	12,182	−130	TRIM
338	NLB Skladi, upravljanje premozenja, d.o.o.	$2.9M	12,100	0	NO CHANGE
339	Covea Finance	$2.9M	12,000	−24,400	TRIM
340	Artemis Wealth Advisors, LLC	$2.9M	12,000	+2,000	ADD
341	Tradewinds, LLC.	$2.8M	8,642	−915	TRIM
342	Optimize Financial Inc	$2.8M	11,888	+11,888	NEW
343	B. Metzler seel. Sohn & Co. AG	$2.8M	11,884	+11,884	NEW
344	Janus Henderson Group Ltd.	$2.8M	11,860	−57,016	TRIM
345	Aperture Investors, LLC	$2.8M	11,836	+158	ADD
346	Blackstone Inc.	$2.8M	11,629	+11,629	NEW
347	FIRST CITIZENS BANK & TRUST CO	$2.7M	11,449	−3,917	TRIM
348	PRUDENTIAL PLC	$2.7M	11,412	+11,412	NEW
349	Truxt Investmentos Ltda.	$2.7M	11,390	—	NO PRIOR
350	Fort Sheridan Advisors LLC	$2.7M	11,338	−14	TRIM
351	MIZUHO SECURITIES USA LLC	$2.7M	11,334	+11,334	NEW
352	CVFG LLC	$2.7M	11,214	+11,214	NEW
353	Investment Management Corp of Ontario	$2.6M	11,100	+11,100	NEW
354	Geneos Wealth Management Inc.	$2.6M	10,978	+89	ADD
355	Taproot Management LP	$2.6M	10,925	+3,275	ADD
356	Brevan Howard Capital Management LP	$2.6M	10,921	−173,382	TRIM
357	ANCHYRA PARTNERS LLC	$2.6M	10,919	−63	TRIM
358	Vident Advisory, LLC	$2.6M	10,906	+3,502	ADD
359	JOURNEY STRATEGIC WEALTH LLC	$2.6M	10,896	+353	ADD
360	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	$2.6M	10,736	−266	TRIM
361	Private Advisor Group, LLC	$2.5M	10,665	+3,447	ADD
362	WESTPAC BANKING CORP	$2.5M	10,610	+10,610	NEW
363	Global X Japan Co., Ltd.	$2.5M	10,609	+1,800	ADD
364	Pinpoint Asset Management (Singapore) Pte. Ltd.	$2.5M	10,553	+8,192	ADD
365	Smith Group Asset Management, LLC	$2.5M	10,450	−3,200	TRIM
366	SIMPLEX TRADING, LLC	$2.5M	10,444	−33,767	TRIM
367	Polar Asset Management Partners Inc.	$2.5M	10,420	−39,567	TRIM
368	BRIDGEWAY CAPITAL MANAGEMENT, LLC	$2.5M	10,300	+10,300	NEW
369	Summit Wealth Group, LLC	$2.5M	10,288	+10,288	NEW
370	CenterBook Partners LP	$2.4M	10,264	+2,150	ADD
371	Donoghue Forlines LLC	$2.4M	10,162	−1,445	TRIM
372	Lido Advisors, LLC	$2.4M	10,100	−396	TRIM
373	NOMURA HOLDINGS INC	$2.4M	10,097	−366,661	TRIM
374	Caitong International Asset Management Co., Ltd	$2.4M	10,050	+7,259	ADD
375	Capstone Capital Management Ltd	$2.4M	10,028	+10,028	NEW
376	Old West Investment Management, LLC	$2.4M	10,000	0	NO CHANGE
377	Park Edge Advisors, LLC	$2.4M	9,944	−1,650	TRIM
378	D.A. DAVIDSON & CO.	$2.3M	9,505	−669	TRIM
379	MIRABELLA FINANCIAL SERVICES LLP	$2.2M	9,401	+9,401	NEW
380	J.W. COLE ADVISORS, INC.	$2.2M	9,401	+7,252	ADD
381	Aristides Capital LLC	$2.2M	9,264	+9,264	NEW
382	Summit Trail Advisors, LLC	$2.2M	9,263	−1,352	TRIM
383	SBI Securities Co., Ltd.	$2.2M	9,245	+1,696	ADD
384	Rezny Wealth Management, Inc.	$2.2M	9,225	+9,225	NEW
385	Segment Wealth Management, LLC	$2.2M	9,178	+7,548	ADD
386	Allspring Global Investments Holdings, LLC	$2.2M	8,795	+7,454	ADD
387	SIH Partners, LLLP	$2.2M	9,081	−55,243	TRIM
388	Fourier Capital Management Ltd	$2.2M	9,047	+9,047	NEW
389	Asset Dedication, LLC	$2.1M	9,000	0	NO CHANGE
390	OneAscent Financial Services LLC	$2.1M	8,992	−1,300	TRIM
391	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	$2.1M	9,253	+9,253	NEW
392	Virtus Wealth Solutions LLC	$2.1M	8,952	+8,952	NEW
393	Maryland State Retirement & Pension System	$2.1M	8,851	+1,203	ADD
394	National Pension Service	$2.1M	8,719	+8,719	NEW
395	BW Gestao de Investimentos Ltda.	$2.0M	8,600	+8,600	NEW
396	Corient Private Wealth LLC	$2.0M	8,569	−4,713	TRIM
397	&PARTNERS	$2.0M	8,304	+1,143	ADD
398	Ausdal Financial Partners, Inc.	$2.0M	8,456	−1,395	TRIM
399	AE Wealth Management LLC	$2.0M	8,397	−4,315	TRIM
400	QRG CAPITAL MANAGEMENT, INC.	$2.0M	8,197	+1,263	ADD
401	BLAIR WILLIAM & CO/IL	$1.9M	8,013	+877	ADD
402	State of Wyoming	$1.9M	7,995	−1,792	TRIM
403	CARRET ASSET MANAGEMENT, LLC	$1.9M	7,860	−100	TRIM
404	AG2R LA MONDIALE GESTION D'ACTIFS	$1.9M	7,805	+7,805	NEW
405	KEYNOTE FINANCIAL SERVICES LLC	$1.9M	7,772	−1,218	TRIM
406	DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD.	$1.8M	7,700	+7,700	NEW
407	MUFG Securities EMEA plc	$1.8M	7,686	+7,686	NEW
408	Norinchukin Bank, The	$1.8M	7,451	+7,451	NEW
409	Estate Counselors, LLC	$1.8M	7,438	−13,010	TRIM
410	BAILARD, INC.	$1.8M	7,435	+6,326	ADD
411	Marex Group Ltd	$1.8M	7,407	+7,407	NEW
412	Virtue Capital Management, LLC	$1.8M	8,003	−134	TRIM
413	Diversified Trust Co	$1.8M	7,367	−6,960	TRIM
414	Castle Rock Wealth Management, LLC	$1.8M	6,797	+98	ADD
415	WADDELL & ASSOCIATES, LLC	$1.7M	7,175	+5	ADD
416	OCCUDO QUANTITATIVE STRATEGIES LP	$1.7M	5,320	+5,320	NEW
417	Lansforsakringar Fondforvaltning AB (publ)	$1.6M	6,881	+6,881	NEW
418	Gradient Investments LLC	$1.6M	6,876	+6,876	NEW
419	MAVERICK CAPITAL LTD	$1.6M	6,869	+6,869	NEW
420	Aldebaran Financial Inc.	$1.6M	6,791	−270	TRIM
421	Auxano Advisors, LLC	$1.6M	6,698	−792	TRIM
422	EP Wealth Advisors, LLC	$1.6M	6,680	+2,900	ADD
423	FIRST COMMONWEALTH FINANCIAL CORP /PA/	$1.6M	6,665	+143	ADD
424	Private Advisory Group LLC	$1.6M	6,643	+5,148	ADD
425	Ethic Inc.	$1.6M	6,632	−321	TRIM
426	Sigma Planning Corp	$1.6M	6,605	+1,455	ADD
427	Select Equity Group, L.P.	$1.5M	6,484	−23,106	TRIM
428	Convergence Investment Partners, LLC	$1.5M	6,481	+6,481	NEW
429	Crossmark Global Holdings, Inc.	$1.5M	6,449	—	NO PRIOR
430	CREDIT AGRICOLE S A	$1.5M	6,401	+6,401	NEW
431	GUGGENHEIM CAPITAL LLC	$1.5M	6,393	+1,052	ADD
432	EVERGREEN CAPITAL MANAGEMENT LLC	$1.5M	6,391	+1,038	ADD
433	WD RUTHERFORD LLC	$1.5M	6,329	+1,775	ADD
434	SECURED RETIREMENT ADVISORS, LLC	$1.5M	6,271	−2,876	TRIM
435	Tower Research Capital LLC (TRC)	$1.5M	6,246	+1,102	ADD
436	First Growth Capital LLC	$1.5M	5,973	+4,167	ADD
437	ALPS ADVISORS INC	$1.5M	6,151	+387	ADD
438	AVENIR CORP	$1.5M	6,110	0	NO CHANGE
439	Black Swift Group, LLC	$1.4M	6,050	−12,900	TRIM
440	Dynamic Technology Lab Private Ltd	$1.4M	6,040	+6,040	NEW
441	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	$1.4M	5,999	−29,162	TRIM
442	Confluence Wealth Services, Inc.	$1.4M	5,958	−60	TRIM
443	Atria Investments, Inc	$1.4M	5,941	−710	TRIM
444	Braeburn Wealth Management LLC	$1.4M	5,899	+5,899	NEW
445	Robeco Institutional Asset Management B.V.	$1.4M	5,765	+2,094	ADD
446	ABN AMRO INVESTMENT SOLUTIONS	$1.4M	5,763	+5,763	NEW
447	Saudi Central Bank	$1.4M	5,751	+5,751	NEW
448	KESTRA PRIVATE WEALTH SERVICES, LLC	$1.4M	5,718	+5,718	NEW
449	Arista Wealth Management, LLC	$1.3M	5,643	+5,643	NEW
450	Katamaran Capital LLP	$1.3M	5,631	+5,631	NEW
451	Laird Norton Wetherby Trust Company, LLC	$1.3M	5,554	+631	ADD
452	CAXTON ASSOCIATES LLP	$1.3M	5,551	−19,414	TRIM
453	Twin Tree Management, LP	$1.3M	5,464	+5,464	NEW
454	Veracity Capital LLC	$1.3M	5,404	−1,694	TRIM
455	E. Ohman J:or Asset Management AB	$1.3M	5,400	+5,400	NEW
456	L & S Advisors Inc	$1.3M	5,395	+5,395	NEW
457	Compound Planning, Inc.	$1.3M	5,309	+1,021	ADD
458	Wedmont Private Capital	$1.2M	4,420	+536	ADD
459	Carnegie Investment Counsel	$1.2M	5,205	−386	TRIM
460	MUFG SECURITIES AMERICAS INC.	$1.2M	5,188	+5,188	NEW
461	VestGen Advisors, LLC	$1.2M	3,296	−7,112	TRIM
462	PINKERTON WEALTH, LLC	$1.2M	6,639	+148	ADD
463	SECURIAN ASSET MANAGEMENT, INC	$1.2M	5,086	−6,359	TRIM
464	Cadent Capital Advisors, LLC	$1.2M	5,046	+5,046	NEW
465	Metis Global Partners, LLC	$1.2M	5,042	+5,042	NEW
466	Monashee Investment Management LLC	$1.2M	5,000	+5,000	NEW
467	AXQ CAPITAL, LP	$1.2M	4,984	+2,050	ADD
468	OPPENHEIMER ASSET MANAGEMENT INC.	$1.2M	4,970	+4,970	NEW
469	PARTHENON LLC	$1.2M	4,900	0	NO CHANGE
470	Ameritas Investment Partners, Inc.	$1.2M	4,846	−34,580	TRIM
471	Avantax Planning Partners, Inc.	$1.1M	4,803	+2	ADD
472	Cetera Trust Company, N.A	$1.1M	4,785	−50	TRIM
473	McLaughlin Asset Management, Inc.	$1.1M	4,718	−524	TRIM
474	MGO ONE SEVEN LLC	$1.1M	4,695	+1,102	ADD
475	COLDSTREAM CAPITAL MANAGEMENT INC	$1.1M	4,665	+469	ADD
476	XTX Topco Ltd	$1.1M	4,634	−6,852	TRIM
477	Western Wealth Management, LLC	$1.1M	4,576	+4,576	NEW
478	OneDigital Investment Advisors LLC	$1.1M	4,568	+389	ADD
479	Summit Financial, LLC	$1.1M	4,531	+3,380	ADD
480	First Eagle Investment Management, LLC	$1.1M	4,517	−1,704	TRIM
481	North Dakota State Investment Board	$1.1M	4,490	−911	TRIM
482	JONES FINANCIAL COMPANIES LLLP	$1.1M	4,480	+4,480	NEW
483	MASTERINVEST Kapitalanlage GmbH	$1.1M	4,436	+4,436	NEW
484	Sequoia Financial Advisors, LLC	$1.1M	4,424	−202	TRIM
485	OSSIAM	$1.0M	4,407	+4,407	NEW
486	MISSION WEALTH MANAGEMENT, LP	$1.0M	4,317	−209	TRIM
487	Heritage Investment Group, Inc.	$1.0M	4,297	−44	TRIM
488	HHLR ADVISORS, LTD.	$1.0M	4,275	+4,275	NEW
489	Friedenthal Financial	$1.0M	4,201	+4,201	NEW
490	Baader Bank Aktiengesellschaft	$1000K	4,300	−14,245	TRIM
491	Stratos Wealth Partners, LTD.	$995K	4,175	+463	ADD
492	WINTON GROUP Ltd	$991K	4,160	+4,160	NEW
493	Leonteq Securities AG	$972K	4,080	+4,029	ADD
494	GREENLEAF TRUST	$965K	4,049	+374	ADD
495	Merit Financial Group, LLC	$960K	4,030	+1,486	ADD
496	Bosman Wealth Management, LLC	$958K	4,022	+4,022	NEW
497	Lisanti Capital Growth, LLC	$958K	4,020	+4,020	NEW
498	SEEDS INVESTOR LLC	$957K	3,054	−983	TRIM
499	PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.	$953K	4,000	+4,000	NEW
500	Perpetual Ltd	$952K	3,996	−113	TRIM

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

Congress ↔ notable managers · COHR

who in Congress disclosed purchases or sales beside which notable managers added or trimmed

Congress · last 90 days

Buyers: 1 Sheldon Whitehouse D–RI $15K–$50K
Sellers: 1 Gilbert Ray Cisneros, Jr. D–CA-31 $1K–$15K

filed 2026-07-03 → 2026-10-01 · totals are statutory ranges

Notable managers · quarter ended 2026-03-31

Adding: 2 Bridgewater Associates, Duquesne Family Office $38.9M held
Trimming: 4 Sachem Head Capital, Gotham Asset Management, Caxton Associates, Moore Capital Management $259M held

NEW + ADD vs TRIM + EXIT, by shares · $ = reported value now, not the change · COHERENT CORP

Merged timeline of congressional filings and notable-manager moves on COHR
Date	Who	Change	Size
2026-09-10	Gilbert Ray Cisneros, Jr. Congress	SELL	$1K–$15K
2026-07-08	Sheldon Whitehouse Congress	BUY	$15K–$50K
2026-05-15	Bridgewater Associates 13F	ADD	+114,389 sh
2026-05-15	Duquesne Family Office 13F	NEW	+40,400 sh
2026-05-15	Sachem Head Capital 13F	TRIM	−645,000 sh
2026-05-15	Gotham Asset Management 13F	TRIM	−18,860 sh
2026-05-15	Moore Capital Management 13F	EXIT	−15,000 sh
2026-05-14	Caxton Associates 13F	TRIM	−19,414 sh

8 newest rows · every row dates by its filing date: a disclosure's, or the 13F's for the quarter · a 13F row is a quarter-end snapshot, not a trade

8 members of Congress disclosed COHR — the congressional view ↗

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).