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 ↗

NEWMONT CORP · COM · quarter ended 2026-03-31 · 16 members disclosed NEM ↗

13F filers reporting this class for the quarter ended 2026-03-31; 1–500 of 1,469 holders are listed, largest first: 1,469
sum of the reported values across every holder; NULL values are excluded, never zero-filled: $76.9B
holders whose share count rose or who opened the position (new + add), by shares: 766
holders absent this quarter after holding last quarter — inferred from absence, not a sale record: 148

Holders — quarter ended 2026-03-31

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

13F holders of NEM ranked by reported value
#	Filer	Reported value	Shares	Δ shares	Change
1	BlackRock, Inc.	$13.6B	126,082,616	−3,886,764	TRIM
2	VANGUARD CAPITAL MANAGEMENT LLC	$7.7B	70,726,792	—	NO PRIOR
3	STATE STREET CORP	$5.5B	50,830,986	+871,136	ADD
4	VANGUARD PORTFOLIO MANAGEMENT LLC	$4.1B	37,806,740	—	NO PRIOR
5	GEODE CAPITAL MANAGEMENT, LLC	$3.1B	28,265,025	+1,253,941	ADD
6	FMR LLC	$2.1B	19,496,867	+1,015,836	ADD
7	Invesco Ltd.	$1.6B	14,569,590	+704,625	ADD
8	NORTHERN TRUST CORP	$1.4B	12,913,822	−166,501	TRIM
9	Bank of New York Mellon Corp	$1.3B	12,237,940	+615,461	ADD
10	First Eagle Investment Management, LLC	$1.3B	12,022,368	−1,695,590	TRIM
11	MORGAN STANLEY	$1.3B	11,660,579	−741,283	TRIM
12	DIMENSIONAL FUND ADVISORS LP	$1.0B	9,359,524	+184,586	ADD
13	DEUTSCHE BANK AG\	$992M	9,167,397	+378,626	ADD
14	Amundi	$951M	8,780,775	+372,415	ADD
15	Legal & General Group Plc	$909M	8,398,038	+550,456	ADD
16	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	$848M	7,836,761	−196,505	TRIM
17	AQR CAPITAL MANAGEMENT LLC	$815M	7,632,576	+230,298	ADD
18	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$728M	6,728,480	+38,468	ADD
19	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$678M	6,267,116	−2,476,112	TRIM
20	VANGUARD FIDUCIARY TRUST CO	$665M	6,140,140	—	NO PRIOR
21	BANK OF AMERICA CORP /DE/	$627M	5,790,803	−1,010,861	TRIM
22	Boston Partners	$571M	5,260,652	−1,426,691	TRIM
23	Orbis Allan Gray Ltd	$560M	5,170,675	−1,152,094	TRIM
24	NORDEA INVESTMENT MANAGEMENT AB	$547M	5,165,621	+380,844	ADD
25	VICTORY CAPITAL MANAGEMENT INC	$523M	4,829,752	−916,955	TRIM
26	AMERIPRISE FINANCIAL INC	$503M	4,650,543	−447,703	TRIM
27	HSBC HOLDINGS PLC	$443M	4,095,359	−4,351,903	TRIM
28	Robeco Institutional Asset Management B.V.	$425M	3,927,108	−1,069,667	TRIM
29	Nuveen, LLC	$425M	3,923,262	−1,103,116	TRIM
30	ROYAL BANK OF CANADA	$422M	3,901,895	−37,337	TRIM
31	UBS Group AG	$409M	3,781,989	−1,388,194	TRIM
32	FRANKLIN RESOURCES INC	$393M	3,629,380	+1,197,069	ADD
33	National Pension Service	$376M	3,473,923	+3,473,923	NEW
34	BNP Paribas Asset Management Holding S.A.	$358M	3,311,310	+323,968	ADD
35	Swiss National Bank	$347M	3,202,605	+192,500	ADD
36	Qube Research & Technologies Ltd	$330M	3,046,411	+2,158,396	ADD
37	ASSETMARK, INC	$330M	3,044,674	+174,179	ADD
38	Capital Research Global Investors	$327M	3,022,568	−590,882	TRIM
39	Allianz Asset Management GmbH	$313M	2,894,960	+1,089,923	ADD
40	Sumitomo Mitsui Trust Group, Inc.	$303M	2,802,902	−159,149	TRIM
41	SCHRODER INVESTMENT MANAGEMENT GROUP	$277M	2,562,427	+553,160	ADD
42	Mitsubishi UFJ Asset Management Co., Ltd.	$268M	2,473,616	+168,350	ADD
43	Vanguard Global Advisers, LLC	$263M	2,431,619	—	NO PRIOR
44	BARROW HANLEY MEWHINNEY & STRAUSS LLC	$253M	2,332,859	+179,429	ADD
45	Bridgewater Associates, LP	$251M	2,316,641	+7,732	ADD
46	BARCLAYS PLC	$248M	2,294,867	−179,439	TRIM
47	CITIGROUP INC	$243M	2,247,064	−1,888,447	TRIM
48	AMERICAN CENTURY COMPANIES INC	$238M	2,197,138	−142,756	TRIM
49	ALLIANCEBERNSTEIN L.P.	$235M	2,351,350	−1,305	TRIM
50	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	$226M	2,089,933	+1,934,794	ADD
51	CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM	$219M	2,025,824	+7,313	ADD
52	Regal Partners Ltd	$210M	1,940,248	−131,069	TRIM
53	BANK OF MONTREAL /CAN/	$207M	1,908,903	−81,688	TRIM
54	RHUMBLINE ADVISERS	$203M	1,876,076	−23,159	TRIM
55	VANGUARD ASSET MANAGEMENT, Ltd	$201M	1,858,772	—	NO PRIOR
56	ALLIANZ SE	$191M	1,766,052	−2,838	TRIM
57	Life Cycle Investment Partners Ltd	$190M	1,758,525	+94,121	ADD
58	CANADA PENSION PLAN INVESTMENT BOARD	$187M	1,727,553	−69,277	TRIM
59	RENAISSANCE TECHNOLOGIES LLC	$181M	1,671,568	+1,671,568	NEW
60	Man Group plc	$180M	1,666,433	−247,038	TRIM
61	Universal- Beteiligungs- und Servicegesellschaft mbH	$176M	1,625,668	+27,480	ADD
62	TD ASSET MANAGEMENT INC	$168M	1,553,918	+78,793	ADD
63	BANK OF NOVA SCOTIA	$165M	1,522,666	−1,345,458	TRIM
64	Aberdeen Group plc	$159M	1,465,712	+23,641	ADD
65	Empower Advisory Group, LLC	$158M	1,455,249	−9,341	TRIM
66	NEW YORK STATE COMMON RETIREMENT FUND	$152M	1,402,756	−3,684	TRIM
67	CAISSE DE DEPOT ET PLACEMENT DU QUEBEC	$149M	1,377,492	−39,667	TRIM
68	PRINCIPAL FINANCIAL GROUP INC	$148M	1,367,337	+11,403	ADD
69	RAYMOND JAMES FINANCIAL INC	$143M	1,331,564	+5,542	ADD
70	SEI INVESTMENTS CO	$137M	1,265,072	+55,164	ADD
71	1832 Asset Management L.P.	$137M	1,263,846	+179,131	ADD
72	Allspring Global Investments Holdings, LLC	$135M	1,184,872	+187,746	ADD
73	PANAGORA ASSET MANAGEMENT INC	$130M	1,201,636	−403,584	TRIM
74	WELLS FARGO & COMPANY/MN	$127M	1,172,863	+150,457	ADD
75	SUSQUEHANNA INTERNATIONAL GROUP, LLP	$124M	1,146,632	−620,529	TRIM
76	NATIONAL BANK OF CANADA /FI/	$123M	1,136,822	+179,340	ADD
77	Clearbridge Investments, LLC	$120M	1,105,604	−380,893	TRIM
78	DANSKE BANK A/S	$118M	1,090,372	−5,480	TRIM
79	PRUDENTIAL FINANCIAL INC	$118M	1,089,485	+92,881	ADD
80	JANE STREET GROUP, LLC	$117M	1,079,290	−221,166	TRIM
81	AVIVA PLC	$113M	1,041,852	+26,694	ADD
82	FEDERATED HERMES, INC.	$112M	1,035,130	+97,149	ADD
83	Zurcher Kantonalbank (Zurich Cantonalbank)	$112M	1,031,798	+1,031,798	NEW
84	STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	$105M	968,140	−22,826	TRIM
85	Korea Investment CORP	$104M	960,497	+46,649	ADD
86	LPL Financial LLC	$104M	958,019	+74,813	ADD
87	DJE Kapital AG	$102M	963,044	−584,409	TRIM
88	NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	$101M	934,278	+934,278	NEW
89	PFA Pension, Forsikringsaktieselskab	$101M	933,982	+933,982	NEW
90	MACQUARIE GROUP LTD	$101M	930,865	+22,775	ADD
91	FIRST TRUST ADVISORS LP	$100M	924,536	+57,069	ADD
92	CITADEL ADVISORS LLC	$98.6M	910,588	+258,400	ADD
93	Squarepoint Ops LLC	$97.7M	902,434	+277,636	ADD
94	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	$95.8M	884,660	+326,114	ADD
95	ENVESTNET ASSET MANAGEMENT INC	$94.9M	876,786	+133,631	ADD
96	ADAGE CAPITAL PARTNERS GP, L.L.C.	$90.7M	837,600	−8,700	TRIM
97	ARS Investment Partners, LLC	$86.1M	795,271	+98,208	ADD
98	Eurizon Capital SGR S.p.A.	$84.5M	783,801	+92,712	ADD
99	Pictet Asset Management Holding SA	$83.5M	772,367	+92,191	ADD
100	Blue Whale Capital LLP	$83.0M	766,471	−273,624	TRIM
101	WELLINGTON MANAGEMENT GROUP LLP	$79.8M	737,420	+75,159	ADD
102	Swedbank AB	$79.3M	732,277	+24,728	ADD
103	KEYBANK NATIONAL ASSOCIATION/OH	$78.9M	729,122	−269,479	TRIM
104	D. E. Shaw & Co., Inc.	$78.8M	728,143	−1,677,746	TRIM
105	MACKENZIE FINANCIAL CORP	$78.2M	722,625	−460,923	TRIM
106	HighTower Advisors, LLC	$78.2M	722,192	+92,975	ADD
107	Mitsubishi UFJ Trust & Banking Corp	$77.9M	719,665	+19,723	ADD
108	Gotham Asset Management, LLC	$77.2M	712,768	−4,038	TRIM
109	TOCQUEVILLE ASSET MANAGEMENT L.P.	$76.2M	703,617	−13,517	TRIM
110	STATE OF WISCONSIN INVESTMENT BOARD	$71.5M	660,839	−24,379	TRIM
111	TD Waterhouse Canada Inc.	$71.3M	627,770	+143,202	ADD
112	MANUFACTURERS LIFE INSURANCE COMPANY, THE	$70.9M	654,963	−37,228	TRIM
113	ROYAL LONDON ASSET MANAGEMENT LTD	$70.8M	654,477	−31,232	TRIM
114	AMF Tjanstepension AB	$70.3M	649,774	−111,302	TRIM
115	Asset Management One Co., Ltd.	$68.4M	631,755	+93,731	ADD
116	AGF MANAGEMENT LTD	$68.4M	631,469	+622,068	ADD
117	Mariner, LLC	$67.9M	627,401	+36,177	ADD
118	Chevy Chase Trust Holdings, LLC	$67.9M	627,282	−24,856	TRIM
119	Clark Capital Management Group, Inc.	$67.6M	624,372	+13,558	ADD
120	ALPS ADVISORS INC	$62.1M	573,583	+10,037	ADD
121	CIBC WORLD MARKET INC.	$61.3M	566,630	+108,160	ADD
122	STIFEL FINANCIAL CORP	$60.3M	556,796	−19,865	TRIM
123	KLP KAPITALFORVALTNING AS	$60.3M	556,681	−11,200	TRIM
124	Empowered Funds, LLC	$59.9M	553,178	+553,178	NEW
125	APG Asset Management N.V.	$59.5M	633,345	+4,064	ADD
126	Ensign Peak Advisors, Inc	$59.3M	548,211	+224,503	ADD
127	Vanguard Investments Australia, Ltd.	$58.8M	543,613	—	NO PRIOR
128	CREDIT AGRICOLE S A	$58.0M	536,135	−306,793	TRIM
129	London & Capital Asset Management Ltd	$57.4M	530,219	−145,285	TRIM
130	Generali Asset Management SPA SGR	$56.2M	519,162	−245,596	TRIM
131	IEQ CAPITAL, LLC	$55.3M	510,676	+43,767	ADD
132	Federation des caisses Desjardins du Quebec	$54.5M	503,127	+47,530	ADD
133	WORLDQUANT MILLENNIUM ADVISORS LLC	$54.2M	501,121	+379,804	ADD
134	Baird Financial Group, Inc.	$53.8M	497,016	+497,016	NEW
135	Quantinno Capital Management LP	$53.8M	496,742	+55,176	ADD
136	Capital Investment Advisors, LLC	$53.7M	496,335	−92,667	TRIM
137	TEACHER RETIREMENT SYSTEM OF TEXAS	$53.3M	492,495	−147,471	TRIM
138	Randolph Co Inc	$53.0M	489,198	−26	TRIM
139	SEB Asset Management AB	$52.3M	483,436	—	NO PRIOR
140	SEMPER AUGUSTUS INVESTMENTS GROUP LLC	$51.9M	479,138	−184,101	TRIM
141	TUDOR INVESTMENT CORP ET AL	$51.5M	475,346	+48,214	ADD
142	BECKER CAPITAL MANAGEMENT INC	$50.6M	467,175	−91,839	TRIM
143	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	$49.4M	456,661	+8,970	ADD
144	Perpetual Ltd	$48.8M	451,150	+38,279	ADD
145	Tredje AP-fonden	$48.7M	449,487	+353,171	ADD
146	Groupe la Francaise	$48.4M	448,860	+153,360	ADD
147	MERCER GLOBAL ADVISORS INC /ADV	$47.3M	437,370	+1,768	ADD
148	MILFORD FUNDS LTD	$47.1M	435,014	+435,014	NEW
149	Rockefeller Capital Management L.P.	$46.1M	425,869	−5,877	TRIM
150	EDMOND DE ROTHSCHILD HOLDING S.A.	$44.9M	414,383	−29,952	TRIM
151	Capital World Investors	$42.8M	395,827	+395,827	NEW
152	CAPITOLIS LIQUID GLOBAL MARKETS LLC	$41.6M	384,733	+100,915	ADD
153	State of New Jersey Common Pension Fund D	$41.2M	380,659	−4,927	TRIM
154	TORONTO DOMINION BANK	$41.0M	379,643	−211,100	TRIM
155	NOMURA ASSET MANAGEMENT CO LTD	$40.8M	377,177	−1,938	TRIM
156	CIBC Asset Management Inc	$40.6M	375,489	+18,290	ADD
157	Gemsstock Ltd.	$40.4M	373,315	+62,900	ADD
158	O'SHAUGHNESSY ASSET MANAGEMENT, LLC	$39.6M	366,052	+37,920	ADD
159	EXCHANGE TRADED CONCEPTS, LLC	$39.5M	365,177	+40,802	ADD
160	United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund	$38.9M	359,767	+17,400	ADD
161	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	$38.9M	358,969	+306,509	ADD
162	Resona Asset Management Co.,Ltd.	$38.3M	356,998	+5,629	ADD
163	COMMONWEALTH EQUITY SERVICES, LLC	$37.9M	349,972	+23,939	ADD
164	Vinva Investment Management Ltd	$37.5M	364,057	−20,362	TRIM
165	Lansforsakringar Fondforvaltning AB (publ)	$37.5M	346,618	−2,909	TRIM
166	Aware Super Pty Ltd as trustee of Aware Super	$36.6M	338,155	—	NO PRIOR
167	UniSuper Management Pty Ltd	$36.2M	334,741	−98,302	TRIM
168	PKO Investment Management Joint-Stock Co	$36.0M	332,134	+44,181	ADD
169	NorthCoast Asset Management LLC	$35.1M	324,579	−22,985	TRIM
170	STEPHENS INC /AR/	$35.1M	324,376	+18,674	ADD
171	STATE OF MICHIGAN RETIREMENT SYSTEM	$34.0M	314,545	−700	TRIM
172	Cetera Investment Advisers	$34.0M	314,447	+39,663	ADD
173	Swiss Life Asset Management Ltd	$34.0M	314,166	+3,624	ADD
174	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	$33.7M	304,744	+23,824	ADD
175	Nan Shan Life Insurance Co., Ltd.	$33.1M	305,814	+305,814	NEW
176	Empire Life Investments Inc.	$32.7M	287,009	+168,793	ADD
177	CI INVESTMENTS INC.	$32.6M	300,862	−4,104	TRIM
178	Arizona State Retirement System	$32.4M	298,987	−8,295	TRIM
179	Czech National Bank	$32.2M	297,201	+9,551	ADD
180	NATIXIS	$32.1M	296,481	+148,978	ADD
181	PRUDENTIAL PLC	$32.0M	295,174	−77,913	TRIM
182	MILLENNIUM MANAGEMENT LLC	$31.9M	295,045	+101,147	ADD
183	Cerity Partners LLC	$31.8M	293,430	+44,303	ADD
184	Minneapolis Portfolio Management Group, LLC	$31.4M	289,711	−59,981	TRIM
185	ABN AMRO Bank N.V.	$30.9M	295,394	−5,001	TRIM
186	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	$30.9M	285,740	+6,767	ADD
187	Vontobel Holding Ltd.	$30.5M	282,018	−18,456	TRIM
188	ING GROEP NV	$30.2M	279,260	+66,111	ADD
189	GREAT LAKES ADVISORS, LLC	$29.4M	271,454	+21,204	ADD
190	KORNITZER CAPITAL MANAGEMENT INC /KS	$29.2M	269,682	−4,143	TRIM
191	BFSG, LLC	$29.2M	269,465	−3,890	TRIM
192	Creative Planning	$29.1M	269,020	+22,655	ADD
193	FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A.	$29.1M	268,416	+49,153	ADD
194	Assenagon Asset Management S.A.	$28.8M	266,343	−284,462	TRIM
195	DnB Asset Management AS	$28.4M	262,397	+15,968	ADD
196	Zurich Insurance Group Ltd/FI	$28.3M	261,646	+258,430	ADD
197	Tidal Investments LLC	$28.1M	259,562	+12,629	ADD
198	TWO SIGMA INVESTMENTS, LP	$27.7M	256,012	+246,712	ADD
199	Arbejdsmarkedets Tillaegspension	$27.7M	255,873	+8,674	ADD
200	MetLife Investment Management, LLC	$27.6M	255,105	−6,616	TRIM
201	MARTINGALE ASSET MANAGEMENT L P	$27.6M	254,904	−68,844	TRIM
202	Mirae Asset Global Investments Co., Ltd.	$27.6M	254,656	+33,973	ADD
203	COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	$27.5M	254,202	+368	ADD
204	GUGGENHEIM CAPITAL LLC	$27.5M	253,942	−29,386	TRIM
205	SUMITOMO MITSUI FINANCIAL GROUP, INC.	$27.3M	252,162	+62,158	ADD
206	ANTIPODES PARTNERS Ltd	$26.4M	243,496	−84,693	TRIM
207	TODD ASSET MANAGEMENT LLC	$26.3M	242,985	+242,985	NEW
208	Dakota Wealth Management	$26.0M	240,353	+2,669	ADD
209	Banco Santander, S.A.	$25.9M	239,129	+224,993	ADD
210	Vident Advisory, LLC	$25.2M	232,540	+92,496	ADD
211	Retirement Systems of Alabama	$25.1M	231,739	−412	TRIM
212	MUHLENKAMP & CO INC	$25.0M	231,182	−53,299	TRIM
213	Varma Mutual Pension Insurance Co	$25.0M	230,556	0	NO CHANGE
214	CWM, LLC	$24.8M	229,455	+26,563	ADD
215	IFM Investors Pty Ltd	$24.3M	224,342	+9,868	ADD
216	MEYER HANDELMAN CO	$24.1M	222,823	−5,717	TRIM
217	U.S. Capital Wealth Advisors, LLC	$23.9M	221,165	−16,834	TRIM
218	QRG CAPITAL MANAGEMENT, INC.	$23.9M	220,555	−4,570	TRIM
219	XPONANCE LLC	$23.8M	220,285	+19,840	ADD
220	Andra AP-fonden	$23.4M	216,003	−76,697	TRIM
221	Daiwa Securities Group Inc.	$23.2M	214,175	+37,112	ADD
222	DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	$22.9M	211,742	+18,014	ADD
223	VOYA INVESTMENT MANAGEMENT LLC	$22.3M	205,551	−2,612	TRIM
224	USS Investment Management Ltd	$22.2M	204,859	+5,084	ADD
225	Janus Henderson Group Ltd.	$22.0M	202,856	−43,583	TRIM
226	LBP AM SA	$22.0M	202,803	−67,679	TRIM
227	OSAIC HOLDINGS, INC.	$21.9M	201,870	+11,410	ADD
228	Investment Management Corp of Ontario	$21.7M	200,746	+42,309	ADD
229	Generate Investment Management Ltd	$21.7M	200,000	−228,975	TRIM
230	Adams Asset Advisors, LLC	$21.5M	198,962	−3,607	TRIM
231	Purpose Unlimited Inc.	$21.5M	198,493	+198,365	ADD
232	Forest Hill Capital, LLC	$21.1M	194,750	−1,000	TRIM
233	ProShare Advisors LLC	$20.8M	192,198	−41,637	TRIM
234	Wealthfront Advisers LLC	$20.8M	192,147	+43,274	ADD
235	CIBC Bancorp USA Inc.	$20.7M	191,529	—	NO PRIOR
236	Hancock Prospecting Pty Ltd	$20.6M	190,000	+190,000	NEW
237	COLRAIN CAPITAL LLC	$20.4M	188,845	−19,340	TRIM
238	US BANCORP \DE\	$20.0M	184,943	−1,281	TRIM
239	Dai-ichi Life Insurance Company, Ltd	$19.8M	182,969	+58,358	ADD
240	FIFTH THIRD BANCORP	$19.8M	182,674	+139,419	ADD
241	INTECH INVESTMENT MANAGEMENT LLC	$19.8M	182,671	+8,618	ADD
242	Sumitomo Mitsui DS Asset Management Company, Ltd	$19.7M	181,656	+7,935	ADD
243	MASSACHUSETTS FINANCIAL SERVICES CO /MA/	$19.6M	180,845	+143,456	ADD
244	Pathstone Holdings, LLC	$19.6M	180,681	+5,754	ADD
245	Evelyn Partners Investment Management LLP	$19.4M	178,759	−8,205	TRIM
246	Utah Retirement Systems	$19.3M	178,553	−2,965	TRIM
247	BANQUE PICTET & CIE SA	$19.2M	177,734	+13,733	ADD
248	Holocene Advisors, LP	$19.1M	176,777	−6,613	TRIM
249	PUBLIC SECTOR PENSION INVESTMENT BOARD	$19.0M	175,876	+34,943	ADD
250	DNCA FINANCE	$18.7M	173,099	−18,409	TRIM
251	Marex Group Ltd	$18.5M	170,967	+36,756	ADD
252	Tamar Securities, LLC	$18.3M	169,510	+166,437	ADD
253	Candriam S.C.A.	$18.2M	168,137	+15,201	ADD
254	Focus Partners Wealth	$18.1M	167,248	+17,015	ADD
255	MML INVESTORS SERVICES, LLC	$17.9M	165,244	+13,973	ADD
256	SPROTT INC.	$17.6M	163,023	−2,492	TRIM
257	Walleye Trading LLC	$17.6M	162,999	−171,509	TRIM
258	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	$17.6M	162,708	+3,688	ADD
259	Quadrature Capital Ltd	$17.5M	162,042	+51,308	ADD
260	NISA INVESTMENT ADVISORS, LLC	$17.4M	161,013	−39,500	TRIM
261	FORA Capital, LLC	$17.3M	160,004	+160,004	NEW
262	ASR Vermogensbeheer N.V.	$17.3M	159,890	−3,167	TRIM
263	OPPENHEIMER & CO INC	$17.1M	158,396	−12,522	TRIM
264	&PARTNERS	$17.1M	100,607	−3,369	TRIM
265	ODDO BHF ASSET MANAGEMENT SAS	$17.0M	157,384	+28,668	ADD
266	Cannell & Spears LLC	$17.0M	157,071	−23,042	TRIM
267	NEOS Investment Management LLC	$17.0M	156,997	+5,849	ADD
268	W.G. Shaheen & Associates DBA Whitney & Co	$16.7M	154,588	−2,195	TRIM
269	Rakuten Investment Management, Inc.	$16.7M	161,955	+18,095	ADD
270	PEAK6 LLC	$16.4M	151,681	−362,427	TRIM
271	BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp	$16.3M	150,402	−44,515	TRIM
272	Elo Mutual Pension Insurance Co	$16.2M	150,060	+21,373	ADD
273	Corient Private Wealth LLC	$16.0M	149,578	−685,925	TRIM
274	Illinois Municipal Retirement Fund	$15.7M	144,599	−65	TRIM
275	BLI - Banque de Luxembourg Investments	$15.5M	154,500	+154,500	NEW
276	Livforsakringsbolaget Skandia, Omsesidigt	$15.5M	142,822	+135,700	ADD
277	Cardinal Point Capital Management ULC	$15.4M	142,570	+2,080	ADD
278	NISSAY ASSET MANAGEMENT CORP /JAPAN	$15.3M	141,622	+1,758	ADD
279	LOCKHEED MARTIN INVESTMENT MANAGEMENT CO	$15.2M	140,200	+6,800	ADD
280	MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	$15.2M	140,004	+2,231	ADD
281	PROFUND ADVISORS LLC	$14.8M	136,640	+7,556	ADD
282	Vanguard Personalized Indexing Management, LLC	$14.6M	135,114	+4,264	ADD
283	Ruffer LLP	$14.6M	134,459	−30,360	TRIM
284	Avanza Fonder AB	$14.3M	132,470	+10,748	ADD
285	NFJ INVESTMENT GROUP, LLC	$14.3M	132,079	0	NO CHANGE
286	TRUIST FINANCIAL CORP	$14.1M	129,841	−14,298	TRIM
287	MUFG Securities EMEA plc	$14.0M	129,737	+85,000	ADD
288	ADAMS NATURAL RESOURCES FUND, INC.	$13.9M	128,400	0	NO CHANGE
289	FIRST MANHATTAN CO. LLC.	$13.9M	128,053	+4,711	ADD
290	OREGON PUBLIC EMPLOYEES RETIREMENT FUND	$13.5M	124,979	−45	TRIM
291	Live Oak Private Wealth LLC	$13.3M	123,029	−20,775	TRIM
292	Sanctuary Advisors, LLC	$13.1M	121,354	+48,352	ADD
293	YOUSIF CAPITAL MANAGEMENT, LLC	$13.1M	120,836	−5,551	TRIM
294	HOURGLASS CAPITAL, LLC	$12.7M	117,620	−37,814	TRIM
295	LGT Group Foundation	$12.6M	116,822	−70,990	TRIM
296	FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND	$12.4M	114,900	+114,900	NEW
297	Metis Global Partners, LLC	$12.4M	114,524	−13,113	TRIM
298	Beacon Pointe Advisors, LLC	$12.4M	114,206	+29,657	ADD
299	AIA Group Ltd	$12.3M	113,497	−50,446	TRIM
300	OP Asset Management Ltd	$12.1M	112,008	—	NO PRIOR
301	COOKSON PEIRCE & CO INC	$11.8M	109,140	+70,462	ADD
302	Orion Porfolio Solutions, LLC	$11.4M	104,943	+7,604	ADD
303	TSP Capital Management Group, LLC	$11.3M	103,966	−2,450	TRIM
304	STRATEGIC PLANNING GROUP, LLC	$11.2M	103,855	+9,796	ADD
305	ExodusPoint Capital Management, LP	$11.0M	101,673	−35,811	TRIM
306	Advisors Asset Management, Inc.	$11.0M	101,455	−4,201	TRIM
307	BARINGS LLC	$11.0M	101,437	−39,691	TRIM
308	Cambria Investment Management, L.P.	$11.0M	101,158	+6,540	ADD
309	Maven Securities LTD	$10.9M	100,996	−46,380	TRIM
310	MATHER GROUP, LLC.	$10.9M	100,754	+21,083	ADD
311	Eschler Asset Management LLP	$10.8M	100,000	−75,000	TRIM
312	Glass Wealth Management Co LLC	$10.8M	99,611	+1,041	ADD
313	Leonteq Securities AG	$10.7M	99,208	+8,889	ADD
314	MEEDER ASSET MANAGEMENT INC	$10.7M	98,663	+325	ADD
315	Recurrent Investment Advisors LLC	$10.5M	97,245	+2,500	ADD
316	Aquatic Capital Management LLC	$10.3M	95,535	+90,914	ADD
317	AG2R LA MONDIALE GESTION D'ACTIFS	$10.3M	95,411	+50,030	ADD
318	Crossmark Global Holdings, Inc.	$10.2M	94,668	—	NO PRIOR
319	Aptus Capital Advisors, LLC	$10.2M	94,568	−71,262	TRIM
320	LAZARD ASSET MANAGEMENT LLC	$10.2M	94,414	+22,393	ADD
321	Private Advisory Group LLC	$10.1M	93,691	+93,691	NEW
322	Inspire Investing, LLC	$9.7M	89,831	+51,662	ADD
323	Bank Julius Baer & Co. Ltd, Zurich	$9.6M	89,395	+33,508	ADD
324	NatWest Group plc	$9.4M	87,148	−40,256	TRIM
325	SEAVIEW INVESTMENT MANAGERS LLC	$9.4M	87,023	+7,518	ADD
326	J. Safra Sarasin Holding AG	$9.4M	87,289	+18,037	ADD
327	Artemis Investment Management LLP	$9.4M	86,540	−46,745	TRIM
328	Caprock Group, LLC	$9.3M	86,128	+4,190	ADD
329	VectorGlobal IAG, Inc.	$9.3M	86,001	—	NO PRIOR
330	Jain Global LLC	$9.2M	84,842	+84,842	NEW
331	Continuum Advisory, LLC	$9.1M	84,410	+84,410	NEW
332	New Age Alpha Advisors, LLC	$9.0M	82,723	−5,624	TRIM
333	OFI INVEST ASSET MANAGEMENT	$8.7M	92,889	+68,018	ADD
334	Drum Hill Capital, LLC	$8.7M	80,460	+2,232	ADD
335	B. Metzler seel. Sohn & Co. AG	$8.7M	80,317	+20,922	ADD
336	Lombard Odier Asset Management (Switzerland) SA	$8.6M	79,464	−11,451	TRIM
337	Empirical Financial Services, LLC d.b.a. Empirical Wealth Management	$8.5M	78,935	+2,718	ADD
338	WESTPAC BANKING CORP	$8.4M	77,905	+8,251	ADD
339	Compagnie Lombard Odier SCmA	$8.4M	77,735	+74,180	ADD
340	Financial Sense Advisors, Inc.	$8.3M	76,853	−45,913	TRIM
341	Te Ahumairangi Investment Management Ltd	$8.3M	76,807	−2,530	TRIM
342	Woodline Partners LP	$8.2M	75,427	−32,003	TRIM
343	Beacon Harbor Wealth Advisors, Inc.	$8.2M	75,414	−1,543	TRIM
344	Bronte Capital Management Pty Ltd.	$8.2M	75,408	−2,448	TRIM
345	Waverly Advisors, LLC	$8.1M	74,941	−3,500	TRIM
346	Enclave Advisors LLC	$8.1M	74,577	+90	ADD
347	ABN AMRO INVESTMENT SOLUTIONS	$8.0M	73,954	+4,516	ADD
348	MCINTYRE FREEDMAN & FLYNN INVESTMENT ADVISERS INC	$7.9M	73,317	−99	TRIM
349	SCOTIA CAPITAL INC.	$7.9M	72,659	−10,026	TRIM
350	Patriot Financial Group Insurance Agency, LLC	$7.8M	72,004	+38,673	ADD
351	AE Wealth Management LLC	$7.8M	71,725	−28,924	TRIM
352	Wedmont Private Capital	$7.7M	65,221	+276	ADD
353	Transamerica Financial Advisors, LLC	$7.7M	70,862	−5,345	TRIM
354	OMERS ADMINISTRATION Corp	$7.6M	70,575	+22,468	ADD
355	BEACON INVESTMENT ADVISORY SERVICES, INC.	$7.6M	70,394	+70,394	NEW
356	Midwest Trust Co	$7.6M	69,971	−2,530	TRIM
357	Bleakley Financial Group, LLC	$7.5M	69,647	+2,788	ADD
358	Freestone Capital Holdings, LLC	$7.5M	69,283	−14,169	TRIM
359	M&T BANK CORP	$7.5M	68,905	−2,286	TRIM
360	Epoch Investment Partners, Inc.	$7.4M	67,914	+67,914	NEW
361	Norinchukin Bank, The	$7.3M	67,180	+128	ADD
362	Royal Fund Management, LLC	$7.2M	66,221	−4,808	TRIM
363	MIZUHO SECURITIES USA LLC	$7.1M	65,972	−13,487	TRIM
364	FIL Ltd	$7.1M	65,644	+37,283	ADD
365	Rafferty Asset Management, LLC	$7.1M	65,312	−26,081	TRIM
366	Stack Financial Management, Inc	$7.0M	64,910	−46,090	TRIM
367	BROWN ADVISORY INC	$7.0M	64,641	+1,805	ADD
368	Merit Financial Group, LLC	$6.9M	64,042	+4,958	ADD
369	Financiere des Professionnels - Fonds d'investissement inc.	$6.8M	62,749	−11,451	TRIM
370	Sienna Gestion	$6.8M	65,058	+45,582	ADD
371	HARTFORD INVESTMENT MANAGEMENT CO	$6.8M	62,380	−742	TRIM
372	Sterling Capital Management LLC	$6.7M	61,621	−12,657	TRIM
373	K.J. Harrison & Partners Inc	$6.6M	60,795	−34,000	TRIM
374	Cypress Capital Group	$6.3M	57,766	+640	ADD
375	Stratos Wealth Partners, LTD.	$6.1M	56,465	+8,308	ADD
376	Renaissance Investment Group LLC	$6.1M	56,274	+56,274	NEW
377	Kestra Advisory Services, LLC	$6.0M	55,520	+13,684	ADD
378	VR Advisory Services Ltd	$6.0M	55,187	0	NO CHANGE
379	EP Wealth Advisors, LLC	$6.0M	55,183	+7,277	ADD
380	Maryland State Retirement & Pension System	$6.0M	54,994	0	NO CHANGE
381	Choate Investment Advisors	$5.8M	53,905	+2,989	ADD
382	Procyon Advisors, LLC	$5.8M	53,158	+1,306	ADD
383	NOMURA HOLDINGS INC	$5.7M	53,045	−25,673	TRIM
384	BW Gestao de Investimentos Ltda.	$5.6M	51,963	+46,115	ADD
385	Dynasty Wealth Management, LLC	$5.5M	51,252	−102	TRIM
386	Oppenheimer & Close, LLC	$5.5M	51,189	−6,411	TRIM
387	BCS Private Wealth Management, Inc.	$5.5M	50,941	+2,193	ADD
388	Banque Cantonale Vaudoise	$5.5M	50,789	+10,090	ADD
389	Summit Trail Advisors, LLC	$5.5M	50,454	+6,625	ADD
390	Sand Hill Global Advisors, LLC	$5.4M	50,308	−357	TRIM
391	PKO BP BANKOWY Universal Pension Society JSC	$5.4M	50,000	0	NO CHANGE
392	Strong Tower Advisory Services	$5.4M	49,817	−437	TRIM
393	Amova Asset Management Americas, Inc.	$5.4M	49,678	−14,417	TRIM
394	RITHOLTZ WEALTH MANAGEMENT	$5.4M	49,615	+8,861	ADD
395	LGT Fund Management Co Ltd.	$5.4M	49,492	+30,049	ADD
396	Prospera Financial Services Inc	$5.3M	48,782	+4,554	ADD
397	COLDSTREAM CAPITAL MANAGEMENT INC	$5.3M	48,591	+15,400	ADD
398	Canada Post Corp Registered Pension Plan	$5.2M	48,352	−497	TRIM
399	Ridge Creek Global, Inc	$5.2M	48,275	−120	TRIM
400	Empirical Finance, LLC	$5.2M	48,223	+34	ADD
401	Atria Investments, Inc	$5.2M	47,757	−118	TRIM
402	Siemens Fonds Invest GmbH	$5.2M	47,742	+118	ADD
403	Robinson Value Management, Ltd.	$5.2M	47,627	−21,874	TRIM
404	Abacus FCF Advisors LLC	$5.1M	47,259	−33,932	TRIM
405	FIRST NATIONAL BANK OF OMAHA	$5.1M	49,347	+2,025	ADD
406	Grand Central Investment Group	$5.1M	46,810	+500	ADD
407	GROUPAMA ASSET MANAGMENT	$5.1M	46,735	−24,615	TRIM
408	Patten Group, Inc.	$5.0M	46,446	−165	TRIM
409	FORTEM FINANCIAL GROUP, LLC	$5.0M	46,082	−1,527	TRIM
410	Susquehanna Portfolio Strategies, LLC	$5.0M	45,920	0	NO CHANGE
411	NewEdge Advisors, LLC	$5.0M	45,821	+45,821	NEW
412	Clearstead Advisors, LLC	$4.9M	45,312	+11,973	ADD
413	Private Advisor Group, LLC	$4.9M	45,057	−9,831	TRIM
414	Focus Partners Advisor Solutions, LLC	$4.9M	44,848	+4,613	ADD
415	SBI Securities Co., Ltd.	$4.8M	44,598	+551	ADD
416	E Fund Management Co., Ltd.	$4.8M	44,427	—	NO PRIOR
417	Wakefield Asset Management LLLP	$4.8M	43,920	−7,530	TRIM
418	Alphadyne Asset Management LP	$4.7M	43,560	+43,560	NEW
419	Moors & Cabot, Inc.	$4.7M	43,492	−1,429	TRIM
420	TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH PZU SA	$4.7M	43,450	−6,000	TRIM
421	EVERGREEN CAPITAL MANAGEMENT LLC	$4.7M	43,352	−7,989	TRIM
422	Schonfeld Strategic Advisors LLC	$4.7M	43,029	+43,029	NEW
423	PINKERTON WEALTH, LLC	$4.6M	45,694	+3,737	ADD
424	HB Wealth Management, LLC	$4.5M	41,967	+3,600	ADD
425	LEVIN CAPITAL STRATEGIES, L.P.	$4.5M	41,824	−3,077	TRIM
426	FLAX POND CAPITAL, LLC	$4.5M	41,630	+5,000	ADD
427	Royal Palms Capital LLC	$4.5M	41,579	−10,158	TRIM
428	MGO ONE SEVEN LLC	$4.5M	41,271	+867	ADD
429	Sequoia Financial Advisors, LLC	$4.5M	41,179	+8,301	ADD
430	Inlet Private Wealth, LLC	$4.5M	41,120	−450	TRIM
431	Savant Capital, LLC	$4.4M	41,089	+6,311	ADD
432	TOKIO MARINE ASSET MANAGEMENT CO LTD	$4.4M	40,780	+560	ADD
433	AlTi Global, Inc.	$4.4M	40,749	−16	TRIM
434	E Fund Management (Hong Kong) Co., Ltd.	$4.4M	40,540	−27,064	TRIM
435	Madison Asset Management, LLC	$4.4M	40,500	+40,500	NEW
436	Machina Capital S.A.S.	$4.4M	40,481	+30,269	ADD
437	Mubadala Investment Co PJSC	$4.4M	40,289	+40,289	NEW
438	Saudi Central Bank	$4.4M	40,280	+40,280	NEW
439	DAVENPORT & Co LLC	$4.3M	40,179	+633	ADD
440	Pullen Investment Management, LLC	$4.3M	39,844	+1,002	ADD
441	Parvin Asset Management, LLC	$4.3M	39,385	+555	ADD
442	Koa Wealth Management, LLC	$4.2M	39,259	−1,117	TRIM
443	Stratos Investment Management, LLC	$4.2M	38,649	+35,778	ADD
444	Skylands Capital, LLC	$4.2M	38,625	−500	TRIM
445	CENTRAL VALLEY ADVISORS, LLC	$4.2M	38,350	+1,091	ADD
446	Vise Technologies, Inc.	$4.1M	41,467	0	NO CHANGE
447	Cinctive Capital Management LP	$4.1M	37,631	+37,631	NEW
448	RFG Advisory, LLC	$4.1M	37,609	−1,907	TRIM
449	Perigon Wealth Management, LLC	$4.0M	37,412	−1,477	TRIM
450	Steward Partners Investment Advisory, LLC	$4.0M	37,392	+26,185	ADD
451	Osmosis Investment Management UK Ltd	$4.0M	37,343	+2,597	ADD
452	CastleKnight Management LP	$4.0M	37,100	+37,100	NEW
453	U S GLOBAL INVESTORS INC	$4.0M	36,830	+36,830	NEW
454	KNIGHTSBRIDGE ASSET MANAGEMENT, LLC	$4.0M	36,818	—	NO PRIOR
455	COMMERCE BANK	$3.9M	36,436	+8,343	ADD
456	Equitable Holdings, Inc.	$3.9M	36,544	+31,489	ADD
457	VAN ECK ASSOCIATES CORP	$3.9M	35,998,592	+6,218,529	ADD
458	SteelPeak Wealth, LLC	$3.9M	35,947	−1,716	TRIM
459	apricus wealth, LLC	$3.9M	35,900	−3,305	TRIM
460	E. Ohman J:or Asset Management AB	$3.9M	35,898	−1,200	TRIM
461	Sava Infond d.o.o.	$3.9M	35,720	−6,450	TRIM
462	KESTRA PRIVATE WEALTH SERVICES, LLC	$3.8M	35,527	−8,754	TRIM
463	Meiji Yasuda Asset Management Co Ltd.	$3.8M	35,462	−10,515	TRIM
464	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	$3.8M	34,917	+49	ADD
465	Laird Norton Wetherby Trust Company, LLC	$3.8M	34,784	+380	ADD
466	Uncommon Cents Investing LLC	$3.8M	34,660	+450	ADD
467	Soltis Investment Advisors LLC	$3.7M	34,540	+28,476	ADD
468	Callan Family Office, LLC	$3.6M	33,207	−83	TRIM
469	UNITED CAPITAL FINANCIAL ADVISORS, LLC	$3.6M	33,193	+33,193	NEW
470	Lee Financial Co	$3.6M	33,135	+1,168	ADD
471	St. Louis Financial Planners Asset Management, LLC	$3.6M	32,990	+32,990	NEW
472	VestGen Advisors, LLC	$3.5M	29,445	+17,962	ADD
473	TWIN CAPITAL MANAGEMENT INC	$3.5M	32,398	−94	TRIM
474	STANCE CAPITAL LLC	$3.5M	32,189	+32,189	NEW
475	North Dakota State Investment Board	$3.4M	31,827	−5,852	TRIM
476	Mawer Investment Management Ltd.	$3.4M	31,755	+31,755	NEW
477	Apollon Wealth Management, LLC	$3.4M	31,483	−2,816	TRIM
478	Lido Advisors, LLC	$3.4M	31,337	+3,591	ADD
479	AssuredPartners Investment Advisors, LLC	$3.3M	29,623	+952	ADD
480	Generali Investments CEE, investicni spolecnost, a.s.	$3.3M	30,496	−13,794	TRIM
481	D.A. DAVIDSON & CO.	$3.3M	30,415	−15,964	TRIM
482	Ethic Inc.	$3.3M	30,262	+2,279	ADD
483	AustralianSuper Pty Ltd	$3.3M	30,212	−395,612	TRIM
484	MUFG SECURITIES AMERICAS INC.	$3.3M	30,196	+797	ADD
485	Vanguard National Trust Co	$3.3M	30,176	—	NO PRIOR
486	4D Advisors, LLC	$3.2M	30,000	−20,000	TRIM
487	PATTON FUND MANAGEMENT, INC.	$3.2M	29,754	−52,534	TRIM
488	Ballentine Partners, LLC	$3.2M	29,674	+11,766	ADD
489	SECURIAN ASSET MANAGEMENT, INC	$3.2M	29,573	−100	TRIM
490	Americana Partners, LLC	$3.2M	29,286	+29,286	NEW
491	Johnson Financial Group, Inc.	$3.2M	29,265	−1,128	TRIM
492	Brooklyn Investment Group	$3.2M	29,227	+7,889	ADD
493	CHICAGO TRUST Co NA	$3.2M	29,171	+2,402	ADD
494	Ameritas Advisory Services, LLC	$3.1M	28,853	−2,286	TRIM
495	Range Financial Group LLC	$3.1M	28,686	+190	ADD
496	Fideuram Asset Management (Ireland) dac	$3.1M	26,785	+10,894	ADD
497	Greenfield Seitz Capital Management, LLC	$3.1M	28,436	−5,373	TRIM
498	Orion Investment Co	$3.0M	28,112	−60	TRIM
499	MARVIN & PALMER ASSOCIATES INC	$3.0M	28,090	−40,238	TRIM
500	STANSBERRY ASSET MANAGEMENT, LLC	$3.0M	27,904	+5,381	ADD

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

Congress ↔ notable managers · NEM

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

Congress · last 90 days

Buyers: 1 Alan Armstrong R–OK $1K–$15K
Sellers: 0 — —

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

Notable managers · quarter ended 2026-03-31

Adding: 3 Bridgewater Associates, Tudor Investment Corp, Caxton Associates $303M held
Trimming: 1 Gotham Asset Management $77.2M held

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

Merged timeline of congressional filings and notable-manager moves on NEM
Date	Who	Change	Size
2026-07-21	Alan Armstrong Congress	BUY	$1K–$15K
2026-05-15	Bridgewater Associates 13F	ADD	+7,732 sh
2026-05-15	Tudor Investment Corp 13F	ADD	+48,214 sh
2026-05-15	Gotham Asset Management 13F	TRIM	−4,038 sh
2026-05-14	Caxton Associates 13F	NEW	+2,495 sh

5 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

16 members of Congress disclosed NEM — 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).