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 ↗

SYSCO CORP · COM · quarter ended 2026-03-31 · 25 members disclosed SYY ↗

13F filers reporting this class for the quarter ended 2026-03-31; 1–500 of 1,263 holders are listed, largest first: 1,263
sum of the reported values across every holder; NULL values are excluded, never zero-filled: $26.7B
holders whose share count rose or who opened the position (new + add), by shares: 573
holders absent this quarter after holding last quarter — inferred from absence, not a sale record: 152

Holders — quarter ended 2026-03-31

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

13F holders of SYY ranked by reported value
#	Filer	Reported value	Shares	Δ shares	Change
1	BlackRock, Inc.	$2.8B	39,786,616	−573,269	TRIM
2	VANGUARD CAPITAL MANAGEMENT LLC	$2.2B	31,111,307	—	NO PRIOR
3	STATE STREET CORP	$1.9B	27,215,217	+769,554	ADD
4	VANGUARD PORTFOLIO MANAGEMENT LLC	$1.9B	26,765,233	—	NO PRIOR
5	GEODE CAPITAL MANAGEMENT, LLC	$926M	13,037,254	+308,562	ADD
6	Invesco Ltd.	$827M	11,589,695	−4,561,167	TRIM
7	HARRIS ASSOCIATES L P	$785M	11,009,012	+3,095,401	ADD
8	Boston Partners	$755M	10,583,534	−149,139	TRIM
9	Capital Research Global Investors	$633M	8,876,299	−9,371,158	TRIM
10	MORGAN STANLEY	$434M	6,084,731	+26,326	ADD
11	BANK OF AMERICA CORP /DE/	$408M	5,722,909	−127,575	TRIM
12	NORTHERN TRUST CORP	$360M	5,048,532	−178,618	TRIM
13	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	$338M	4,742,892	+31,842	ADD
14	DIMENSIONAL FUND ADVISORS LP	$333M	4,667,412	+59,685	ADD
15	WELLINGTON MANAGEMENT GROUP LLP	$315M	4,415,511	−56,552	TRIM
16	D. E. Shaw & Co., Inc.	$280M	3,925,528	+3,657,078	ADD
17	Longview Partners (Guernsey) LTD	$279M	3,914,224	−994,383	TRIM
18	PRIMECAP MANAGEMENT CO/CA/	$264M	3,701,838	+16,709	ADD
19	DIAMOND HILL CAPITAL MANAGEMENT INC	$248M	3,481,920	−2,209,541	TRIM
20	STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	$246M	3,443,431	0	NO CHANGE
21	Bank of New York Mellon Corp	$241M	3,384,556	−1,284,739	TRIM
22	FMR LLC	$235M	3,300,457	+74,292	ADD
23	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$233M	3,263,287	+72,315	ADD
24	AMERICAN CENTURY COMPANIES INC	$197M	2,755,124	−1,084,564	TRIM
25	VANGUARD FIDUCIARY TRUST CO	$195M	2,731,894	—	NO PRIOR
26	Legal & General Group Plc	$174M	2,437,128	−40,981	TRIM
27	Point72 Asset Management, L.P.	$172M	2,417,404	+1,863,248	ADD
28	AMERIPRISE FINANCIAL INC	$172M	2,416,004	+6,395	ADD
29	ROYAL BANK OF CANADA	$168M	2,357,585	+1,326,600	ADD
30	Amundi	$167M	2,344,297	−35,452	TRIM
31	ProShare Advisors LLC	$158M	2,220,986	+115,982	ADD
32	First Nebraska Trust Co	$157M	2,196,796	—	NO PRIOR
33	UBS Group AG	$153M	2,138,664	+359,176	ADD
34	MASSACHUSETTS FINANCIAL SERVICES CO /MA/	$141M	1,980,470	−59,630	TRIM
35	NORDEA INVESTMENT MANAGEMENT AB	$136M	1,960,631	+8,016	ADD
36	FIDUCIARY MANAGEMENT INC /WI/	$134M	1,876,385	−231,479	TRIM
37	Mondrian Investment Partners LTD	$130M	1,825,514	−25,315	TRIM
38	WELLS FARGO & COMPANY/MN	$130M	1,819,544	−121,368	TRIM
39	MANUFACTURERS LIFE INSURANCE COMPANY, THE	$122M	1,708,525	−207,779	TRIM
40	PARNASSUS INVESTMENTS, LLC	$113M	1,582,985	−28,020	TRIM
41	DEUTSCHE BANK AG\	$112M	1,575,741	+30,984	ADD
42	BANK OF MONTREAL /CAN/	$111M	1,556,130	−487,711	TRIM
43	AQR CAPITAL MANAGEMENT LLC	$103M	1,496,520	+302,869	ADD
44	Swiss National Bank	$100M	1,405,300	+94,000	ADD
45	Pictet Asset Management Holding SA	$100M	1,402,676	+254,651	ADD
46	BARCLAYS PLC	$96.5M	1,353,555	−201,993	TRIM
47	Nuveen, LLC	$93.6M	1,312,772	+36,848	ADD
48	PRUDENTIAL FINANCIAL INC	$92.8M	1,300,523	+648,071	ADD
49	ENVESTNET ASSET MANAGEMENT INC	$91.3M	1,280,221	−1,226	TRIM
50	BALYASNY ASSET MANAGEMENT L.P.	$91.3M	1,279,622	+722,315	ADD
51	YACKTMAN ASSET MANAGEMENT LP	$88.1M	1,234,872	+11,267	ADD
52	Sumitomo Mitsui Trust Group, Inc.	$87.9M	1,232,039	−50,762	TRIM
53	VICTORY CAPITAL MANAGEMENT INC	$87.4M	1,225,504	−299,896	TRIM
54	Ensign Peak Advisors, Inc	$85.1M	1,193,427	+321,452	ADD
55	STOREBRAND ASSET MANAGEMENT AS	$84.1M	1,179,072	—	NO PRIOR
56	SUVRETTA CAPITAL MANAGEMENT, LLC	$82.7M	1,159,156	+75,366	ADD
57	Mitsubishi UFJ Asset Management Co., Ltd.	$81.2M	1,138,756	+85,756	ADD
58	Empower Advisory Group, LLC	$80.6M	1,129,566	+23,912	ADD
59	Focus Partners Wealth	$80.4M	1,126,536	−149,034	TRIM
60	Interval Partners, LP	$75.3M	1,055,752	−1,093,746	TRIM
61	Vanguard Global Advisers, LLC	$74.7M	1,047,803	—	NO PRIOR
62	HSBC HOLDINGS PLC	$70.4M	990,454	−1,259,232	TRIM
63	RAYMOND JAMES FINANCIAL INC	$69.8M	979,042	+1,562	ADD
64	VANGUARD ASSET MANAGEMENT, Ltd	$69.5M	975,021	—	NO PRIOR
65	FRANKLIN RESOURCES INC	$68.2M	955,932	+370,293	ADD
66	BRANDES INVESTMENT PARTNERS, LP	$64.6M	905,717	+48,577	ADD
67	CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM	$62.4M	874,330	−78,416	TRIM
68	National Pension Service	$61.4M	860,171	+860,171	NEW
69	TOMS Capital Investment Management LP	$60.6M	850,000	+850,000	NEW
70	CITIGROUP INC	$58.4M	818,308	−169,616	TRIM
71	EARNEST PARTNERS LLC	$58.0M	813,579	−52,804	TRIM
72	Man Group plc	$57.4M	804,845	+479,801	ADD
73	MILLENNIUM MANAGEMENT LLC	$57.1M	799,971	−896,398	TRIM
74	CITADEL ADVISORS LLC	$55.5M	778,771	−138,496	TRIM
75	Qube Research & Technologies Ltd	$54.1M	759,026	−683,916	TRIM
76	PFA Pension, Forsikringsaktieselskab	$53.2M	746,049	+746,049	NEW
77	NOMURA ASSET MANAGEMENT CO LTD	$50.7M	710,753	+39,800	ADD
78	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$48.5M	680,263	−181,830	TRIM
79	ALLIANCEBERNSTEIN L.P.	$48.5M	658,009	+69,436	ADD
80	Vest Financial, LLC	$48.0M	673,133	+45,558	ADD
81	Mariner, LLC	$47.6M	667,079	−335,940	TRIM
82	Swedbank AB	$45.0M	631,228	+92,166	ADD
83	SEI INVESTMENTS CO	$44.7M	626,554	+334,663	ADD
84	FIRST TRUST ADVISORS LP	$44.4M	623,073	−87,224	TRIM
85	LPL Financial LLC	$44.0M	616,499	+11,048	ADD
86	Eurizon Capital SGR S.p.A.	$43.7M	613,376	−80,245	TRIM
87	Cullen Capital Management, LLC	$43.3M	606,808	−12,474	TRIM
88	INTECH INVESTMENT MANAGEMENT LLC	$42.4M	593,869	+158,095	ADD
89	CAMBIAR INVESTORS LLC	$40.2M	563,470	+68,961	ADD
90	Engineers Gate Manager LP	$40.1M	561,912	−449,798	TRIM
91	PRINCIPAL FINANCIAL GROUP INC	$39.9M	558,785	+10,485	ADD
92	BNP Paribas Asset Management Holding S.A.	$38.7M	543,199	+104,224	ADD
93	TEACHER RETIREMENT SYSTEM OF TEXAS	$37.0M	518,891	+148,320	ADD
94	RWC Asset Management LLP	$36.4M	510,039	−18,455	TRIM
95	COUNTRY TRUST BANK	$35.5M	497,894	+63,201	ADD
96	SEIZERT CAPITAL PARTNERS, LLC	$35.3M	494,430	−135,351	TRIM
97	REGIONS FINANCIAL CORP	$33.4M	468,049	−22,144	TRIM
98	STIFEL FINANCIAL CORP	$32.8M	460,237	+16,899	ADD
99	CANADA PENSION PLAN INVESTMENT BOARD	$32.7M	458,531	+199,986	ADD
100	DANSKE BANK A/S	$32.2M	451,941	−191,833	TRIM
101	Schonfeld Strategic Advisors LLC	$32.1M	449,418	+365,419	ADD
102	Cetera Investment Advisers	$31.9M	447,728	−8,836	TRIM
103	MEYER HANDELMAN CO	$31.6M	443,398	−3,231	TRIM
104	Mitsubishi UFJ Trust & Banking Corp	$31.6M	443,137	+204,015	ADD
105	BECKER CAPITAL MANAGEMENT INC	$30.8M	431,809	−17,397	TRIM
106	MACKENZIE FINANCIAL CORP	$30.8M	431,268	+184,822	ADD
107	STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	$30.4M	426,015	0	NO CHANGE
108	Artisan Partners Limited Partnership	$30.4M	425,774	−30,688	TRIM
109	Korea Investment CORP	$29.6M	414,491	+5,047	ADD
110	GEM Asset Management, LLC	$29.5M	413,033	−6,408	TRIM
111	Troy Asset Management Ltd	$29.0M	406,138	−36,303	TRIM
112	AVIVA PLC	$28.7M	402,009	+10,221	ADD
113	HighTower Advisors, LLC	$28.5M	399,762	+7,435	ADD
114	Universal- Beteiligungs- und Servicegesellschaft mbH	$27.5M	384,778	−27,645	TRIM
115	DELTA ASSET MANAGEMENT LLC/TN	$27.4M	384,570	−9,071	TRIM
116	JANE STREET GROUP, LLC	$27.3M	382,854	+345,649	ADD
117	FEDERATED HERMES, INC.	$26.8M	375,673	+180,871	ADD
118	Baird Financial Group, Inc.	$26.5M	372,119	+372,119	NEW
119	KLP KAPITALFORVALTNING AS	$26.4M	370,100	+6,800	ADD
120	TODD ASSET MANAGEMENT LLC	$25.4M	355,737	+355,737	NEW
121	Aberdeen Group plc	$25.0M	350,880	+16,710	ADD
122	ROYAL LONDON ASSET MANAGEMENT LTD	$24.6M	345,076	−565	TRIM
123	SUSQUEHANNA INTERNATIONAL GROUP, LLP	$24.6M	344,482	+247,870	ADD
124	EASTERN BANK	$24.3M	340,354	+54,664	ADD
125	FIL Ltd	$24.1M	337,625	+115,748	ADD
126	NATIONAL BANK OF CANADA /FI/	$24.1M	337,276	+20,526	ADD
127	FIFTH THIRD BANCORP	$23.6M	330,577	+137,979	ADD
128	Mediolanum International Funds Ltd	$23.4M	337,688	−20,292	TRIM
129	STATE OF WISCONSIN INVESTMENT BOARD	$22.5M	315,238	+47,658	ADD
130	Cerity Partners LLC	$22.3M	312,949	+64,514	ADD
131	Arbejdsmarkedets Tillaegspension	$21.9M	307,707	−12,708	TRIM
132	NEW YORK STATE COMMON RETIREMENT FUND	$21.9M	306,391	0	NO CHANGE
133	Quantinno Capital Management LP	$21.6M	302,531	+45,706	ADD
134	TD ASSET MANAGEMENT INC	$20.7M	290,695	+103,520	ADD
135	Creative Planning	$20.3M	285,090	−19,650	TRIM
136	Allianz Asset Management GmbH	$19.7M	276,681	+222,079	ADD
137	COMMONWEALTH EQUITY SERVICES, LLC	$19.5M	273,426	+2,887	ADD
138	CLIFFORD SWAN INVESTMENT COUNSEL LLC	$19.5M	273,240	−474	TRIM
139	Cannell & Spears LLC	$19.0M	266,472	+927	ADD
140	CIBC Asset Management Inc	$18.3M	256,819	+7,134	ADD
141	BARROW HANLEY MEWHINNEY & STRAUSS LLC	$17.1M	239,173	+239,173	NEW
142	Vanguard Investments Australia, Ltd.	$17.0M	238,086	—	NO PRIOR
143	Chevy Chase Trust Holdings, LLC	$16.9M	237,463	−6,853	TRIM
144	US BANCORP \DE\	$16.6M	232,964	−5,241	TRIM
145	Dana Investment Advisors, Inc.	$16.4M	230,527	−18,057	TRIM
146	Freestone Grove Partners LP	$16.4M	230,059	+230,059	NEW
147	GUGGENHEIM CAPITAL LLC	$16.4M	229,237	−28,548	TRIM
148	FACTORY MUTUAL INSURANCE CO	$16.3M	228,000	+40,850	ADD
149	Trexquant Investment LP	$16.2M	227,355	−44,149	TRIM
150	SCOPUS ASSET MANAGEMENT, L.P.	$15.3M	215,000	+215,000	NEW
151	LIBERTY ONE INVESTMENT MANAGEMENT, LLC	$15.3M	214,052	−48,943	TRIM
152	D.A. DAVIDSON & CO.	$15.2M	213,490	+41,976	ADD
153	APG Asset Management N.V.	$14.9M	241,261	−30,971	TRIM
154	Crossmark Global Holdings, Inc.	$14.9M	208,352	—	NO PRIOR
155	Asset Management One Co., Ltd.	$14.7M	205,623	−1,558	TRIM
156	Illinois Municipal Retirement Fund	$14.7M	205,602	−43,641	TRIM
157	BLAIR WILLIAM & CO/IL	$14.0M	196,528	+329	ADD
158	Y-Intercept (Hong Kong) Ltd	$14.0M	195,666	+195,666	NEW
159	HEARTLAND ADVISORS INC	$13.6M	190,561	+35,438	ADD
160	Candriam S.C.A.	$13.4M	187,491	−296,492	TRIM
161	M&T BANK CORP	$13.3M	187,065	−7,602	TRIM
162	TRUIST FINANCIAL CORP	$13.3M	186,357	−2,251	TRIM
163	Corient Private Wealth LLC	$13.0M	183,433	−203,852	TRIM
164	OSAIC HOLDINGS, INC.	$12.8M	179,554	+13,187	ADD
165	Lavaca Capital LLC	$12.7M	177,761	0	NO CHANGE
166	COMMERCE BANK	$12.7M	177,399	+2,811	ADD
167	CREDIT AGRICOLE S A	$12.6M	177,316	−20,863	TRIM
168	Wilmington Savings Fund Society, FSB	$12.6M	177,313	−9,649	TRIM
169	Resona Asset Management Co.,Ltd.	$12.6M	178,196	+3,066	ADD
170	FARMERS & MERCHANTS INVESTMENTS INC	$12.5M	175,686	−2,320	TRIM
171	Federation des caisses Desjardins du Quebec	$12.5M	174,642	−33,085	TRIM
172	ASSOCIATED BANC-CORP	$12.4M	173,988	+1,427	ADD
173	ASSETMARK, INC	$12.3M	171,824	+10,547	ADD
174	Swiss Life Asset Management Ltd	$12.2M	170,972	+16,842	ADD
175	ISTHMUS PARTNERS, LLC	$11.8M	164,738	+2,579	ADD
176	St. James Investment Company, LLC	$11.7M	164,437	−7,099	TRIM
177	SHAYNE & JACOBS, LLC	$11.7M	164,306	0	NO CHANGE
178	YOUSIF CAPITAL MANAGEMENT, LLC	$11.7M	163,585	+8,702	ADD
179	State of New Jersey Common Pension Fund D	$11.7M	163,525	0	NO CHANGE
180	LAZARD ASSET MANAGEMENT LLC	$11.7M	163,453	+77,594	ADD
181	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	$11.5M	161,602	−2,396	TRIM
182	CABOT WEALTH MANAGEMENT INC	$11.4M	159,495	+2,958	ADD
183	Moran Wealth Management, LLC	$11.4M	159,154	−7,340	TRIM
184	NISA INVESTMENT ADVISORS, LLC	$11.2M	157,267	+19,207	ADD
185	Calamos Advisors LLC	$11.1M	155,361	0	NO CHANGE
186	Lansforsakringar Fondforvaltning AB (publ)	$11.0M	154,903	−37	TRIM
187	XTX Topco Ltd	$11.0M	154,667	+154,667	NEW
188	Tredje AP-fonden	$11.0M	154,576	+154,576	NEW
189	ADAGE CAPITAL PARTNERS GP, L.L.C.	$11.0M	154,024	−28,300	TRIM
190	TORONTO DOMINION BANK	$10.9M	152,929	−43,515	TRIM
191	CIBC Bancorp USA Inc.	$10.9M	152,611	—	NO PRIOR
192	KORNITZER CAPITAL MANAGEMENT INC /KS	$10.7M	149,692	−5,217	TRIM
193	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	$10.6M	153,248	−51,282	TRIM
194	STEADFAST CAPITAL MANAGEMENT LP	$10.5M	147,200	+147,200	NEW
195	Varma Mutual Pension Insurance Co	$10.5M	146,707	0	NO CHANGE
196	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	$10.2M	143,118	−1,148	TRIM
197	Cresset Asset Management, LLC	$10.0M	139,887	+59,205	ADD
198	TOTH FINANCIAL ADVISORY CORP	$9.8M	137,654	−1,383	TRIM
199	TOCQUEVILLE ASSET MANAGEMENT L.P.	$9.8M	137,221	−6,621	TRIM
200	NEW ENGLAND ASSET MANAGEMENT INC	$9.6M	135,091	+971	ADD
201	Columbus Macro, LLC	$9.5M	133,703	+4,548	ADD
202	Stockman Wealth Management, Inc.	$9.5M	132,774	+9,425	ADD
203	Czech National Bank	$9.3M	130,435	+4,167	ADD
204	Aquatic Capital Management LLC	$9.3M	130,414	+111,690	ADD
205	Arizona State Retirement System	$9.3M	130,118	−1,276	TRIM
206	Polar Capital Holdings Plc	$9.2M	129,122	−94,592	TRIM
207	BAR HARBOR WEALTH MANAGEMENT	$9.1M	127,777	+46	ADD
208	XPONANCE LLC	$9.0M	126,300	+10,287	ADD
209	NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	$9.0M	125,741	+125,741	NEW
210	STATE OF MICHIGAN RETIREMENT SYSTEM	$8.9M	125,117	−200	TRIM
211	MetLife Investment Management, LLC	$8.8M	123,494	−3,682	TRIM
212	Ethic Inc.	$8.8M	123,457	+18,620	ADD
213	TWINBEECH CAPITAL LP	$8.8M	123,159	+104,372	ADD
214	FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND	$8.7M	121,714	+67,900	ADD
215	Hiddenite Capital Partners LP	$8.6M	120,000	+120,000	NEW
216	Ironwood Investment Counsel, LLC	$8.6M	119,885	+2,317	ADD
217	Modera Wealth Management, LLC	$8.5M	119,451	+1,880	ADD
218	Zurcher Kantonalbank (Zurich Cantonalbank)	$8.3M	116,206	−8,248	TRIM
219	Sicart Associates LLC	$8.2M	114,681	+4,226	ADD
220	Rayburn West Financial Services LLC	$8.1M	113,722	+408	ADD
221	DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	$8.1M	113,218	−110,260	TRIM
222	COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	$8.0M	111,564	+178	ADD
223	Mirae Asset Global Investments Co., Ltd.	$7.9M	110,188	+19,595	ADD
224	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	$7.8M	109,893	+90,963	ADD
225	Elo Mutual Pension Insurance Co	$7.7M	108,149	+9,066	ADD
226	Tidal Investments LLC	$7.7M	108,808	+62,093	ADD
227	Osmosis Investment Management UK Ltd	$7.5M	105,145	−2,443	TRIM
228	Cambridge Financial Group, Inc.	$7.5M	104,699	+4,362	ADD
229	VOYA INVESTMENT MANAGEMENT LLC	$7.4M	104,057	+248	ADD
230	Retirement Systems of Alabama	$7.3M	101,707	−164	TRIM
231	BAILARD, INC.	$7.3M	101,697	+1,046	ADD
232	Pathstone Holdings, LLC	$7.2M	101,633	+6,204	ADD
233	TRILLIUM ASSET MANAGEMENT, LLC	$7.2M	100,457	+461	ADD
234	DnB Asset Management AS	$7.2M	100,465	+7,325	ADD
235	Meiji Yasuda Asset Management Co Ltd.	$7.1M	100,111	−1,331	TRIM
236	MAIRS & POWER INC	$7.1M	99,279	−39,255	TRIM
237	FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC	$7.1M	98,895	−11,584	TRIM
238	NATIXIS	$6.9M	97,324	−69,204	TRIM
239	LMCG INVESTMENTS, LLC	$6.9M	97,076	+9,621	ADD
240	Empowered Funds, LLC	$6.9M	97,033	+97,033	NEW
241	Graves Light Lenhart Wealth, Inc.	$6.9M	96,458	0	NO CHANGE
242	USS Investment Management Ltd	$6.8M	95,417	+3,613	ADD
243	MERCER GLOBAL ADVISORS INC /ADV	$6.8M	94,881	−13,512	TRIM
244	Daiwa Securities Group Inc.	$6.8M	94,771	−10,643	TRIM
245	GATEWAY INVESTMENT ADVISERS LLC	$6.7M	93,816	+6,443	ADD
246	Woodline Partners LP	$6.7M	93,804	+84,986	ADD
247	Hudson Bay Capital Management LP	$6.7M	93,772	+13,883	ADD
248	SEB Asset Management AB	$6.7M	93,395	—	NO PRIOR
249	OPPENHEIMER ASSET MANAGEMENT INC.	$6.6M	93,076	+17,435	ADD
250	Wealthfront Advisers LLC	$6.6M	92,589	+770	ADD
251	Clark & Stuart, Inc	$6.6M	92,478	−1,365	TRIM
252	NICHOLAS COMPANY, INC.	$6.6M	92,380	+61,465	ADD
253	Robeco Institutional Asset Management B.V.	$6.5M	91,597	+45,635	ADD
254	ASR Vermogensbeheer N.V.	$6.5M	91,483	+2,458	ADD
255	Bryn Mawr Trust Advisors, LLC	$6.5M	91,311	+768	ADD
256	CANTOR FITZGERALD INVESTMENT ADVISORS L.P.	$6.2M	86,770	+883	ADD
257	Gotham Asset Management, LLC	$6.2M	86,468	−30,277	TRIM
258	BROWN ADVISORY INC	$6.2M	86,394	−1,791	TRIM
259	AE Wealth Management LLC	$6.0M	84,006	+1,611	ADD
260	Kerrisdale Advisers, LLC	$6.0M	83,476	−127,753	TRIM
261	O'SHAUGHNESSY ASSET MANAGEMENT, LLC	$5.9M	82,247	+13,299	ADD
262	LBP AM SA	$5.9M	82,216	+46,850	ADD
263	CWM, LLC	$5.7M	80,362	−3,365	TRIM
264	Zimmer Partners, LP	$5.7M	80,000	+80,000	NEW
265	Utah Retirement Systems	$5.6M	77,895	−1,955	TRIM
266	Goelzer Investment Management, Inc.	$5.5M	77,474	+148	ADD
267	PUBLIC SECTOR PENSION INVESTMENT BOARD	$5.5M	77,116	+14,947	ADD
268	Sanctuary Advisors, LLC	$5.5M	76,929	+6,261	ADD
269	Kestra Advisory Services, LLC	$5.4M	76,182	+7,431	ADD
270	IFM Investors Pty Ltd	$5.3M	74,455	−6,482	TRIM
271	ABN AMRO INVESTMENT SOLUTIONS	$5.3M	73,658	−5,016	TRIM
272	Verition Fund Management LLC	$5.2M	72,848	+50,815	ADD
273	Sumitomo Mitsui DS Asset Management Company, Ltd	$5.2M	72,544	+7,306	ADD
274	Sky Investment Group LLC	$5.1M	71,658	−3,550	TRIM
275	Janus Henderson Group Ltd.	$5.1M	71,404	+41,664	ADD
276	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	$5.1M	71,347	+1,716	ADD
277	SIGNATURE ESTATE & INVESTMENT ADVISORS LLC	$5.0M	70,371	−16,436	TRIM
278	JOHN G ULLMAN & ASSOCIATES INC	$5.0M	69,660	+475	ADD
279	Callan Family Office, LLC	$5.0M	69,594	−13,331	TRIM
280	Andra AP-fonden	$5.0M	69,433	+69,433	NEW
281	Rakuten Investment Management, Inc.	$4.9M	71,075	+8,096	ADD
282	NEOS Investment Management LLC	$4.9M	68,826	−10,602	TRIM
283	PARSONS CAPITAL MANAGEMENT INC/RI	$4.9M	68,379	−168	TRIM
284	Hennion & Walsh Asset Management, Inc.	$4.9M	68,063	−99	TRIM
285	SCHRODER INVESTMENT MANAGEMENT GROUP	$4.8M	69,673	−10,294	TRIM
286	HUNTINGTON NATIONAL BANK	$4.8M	66,923	+66,923	NEW
287	BANK OF NOVA SCOTIA	$4.8M	66,710	−8,187	TRIM
288	Gilman Hill Asset Management, LLC	$4.7M	66,538	−1,099	TRIM
289	Machina Capital S.A.S.	$4.7M	66,525	+62,179	ADD
290	KKM Financial LLC	$4.7M	64,166	0	NO CHANGE
291	Vinva Investment Management Ltd	$4.7M	67,944	+6,910	ADD
292	BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp	$4.7M	65,994	−18,771	TRIM
293	Krilogy Financial LLC	$4.6M	62,210	+5,006	ADD
294	CIBC WORLD MARKET INC.	$4.6M	64,534	−85,262	TRIM
295	Vanguard Personalized Indexing Management, LLC	$4.6M	64,495	+3,592	ADD
296	Lombard Odier Asset Management (Europe) Ltd	$4.6M	64,017	−84,412	TRIM
297	Orion Porfolio Solutions, LLC	$4.6M	63,998	−4,521	TRIM
298	MML INVESTORS SERVICES, LLC	$4.6M	63,965	−17,873	TRIM
299	NISSAY ASSET MANAGEMENT CORP /JAPAN	$4.6M	63,874	+1,287	ADD
300	Sompo Asset Management Co., Ltd.	$4.4M	62,199	−2,350	TRIM
301	Glenview Trust Co	$4.4M	62,130	−17,206	TRIM
302	Avanza Fonder AB	$4.3M	60,948	0	NO CHANGE
303	Harbour Trust & Investment Management Co	$4.3M	60,533	+75	ADD
304	Composition Wealth, LLC	$4.3M	60,259	−5,613	TRIM
305	MANNING & NAPIER ADVISORS LLC	$4.3M	59,735	−5,695	TRIM
306	UniSuper Management Pty Ltd	$4.2M	59,496	+9,951	ADD
307	LYNCH & ASSOCIATES/IN	$4.1M	57,863	+195	ADD
308	SummitTX Capital, L.P.	$4.1M	57,533	−59,642	TRIM
309	WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC	$4.1M	57,273	+136	ADD
310	FIDUCIARY TRUST CO	$4.1M	56,901	−1,864	TRIM
311	GLENMEDE TRUST CO NA	$4.0M	56,408	−555	TRIM
312	LMG Wealth Partners, LLC	$4.0M	56,326	+1,871	ADD
313	BARTLETT & CO. WEALTH MANAGEMENT LLC	$4.0M	54,811	−12,133	TRIM
314	BURNEY CO/	$4.0M	55,581	+6,461	ADD
315	Rockefeller Capital Management L.P.	$4.0M	55,516	−589	TRIM
316	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	$4.0M	55,378	+2,219	ADD
317	WELCH & FORBES LLC	$3.9M	55,309	−1,978	TRIM
318	OREGON PUBLIC EMPLOYEES RETIREMENT FUND	$3.9M	54,843	0	NO CHANGE
319	MONARCH CAPITAL MANAGEMENT INC	$3.9M	54,533	−1,226	TRIM
320	Nordwand Advisors, LLC	$3.9M	54,021	−450	TRIM
321	Blackstone Inc.	$3.8M	53,959	+53,959	NEW
322	INTACT INVESTMENT MANAGEMENT INC.	$3.8M	53,300	+13,200	ADD
323	B. Metzler seel. Sohn & Co. AG	$3.8M	53,237	−56	TRIM
324	VELA Investment Management, LLC	$3.8M	52,773	−33,269	TRIM
325	TD Waterhouse Canada Inc.	$3.8M	51,647	+50,017	ADD
326	CITIZENS FINANCIAL GROUP INC/RI	$3.8M	52,613	−4,363	TRIM
327	MAI Capital Management	$3.7M	52,014	+1,817	ADD
328	MACQUARIE GROUP LTD	$3.7M	51,423	−35,322	TRIM
329	IEQ CAPITAL, LLC	$3.7M	51,173	+51,173	NEW
330	MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	$3.6M	50,960	−476	TRIM
331	NewEdge Advisors, LLC	$3.6M	50,912	+50,912	NEW
332	Badgley Phelps Wealth Managers, LLC	$3.6M	50,869	+914	ADD
333	CNA FINANCIAL CORP	$3.6M	50,000	+50,000	NEW
334	OP Asset Management Ltd	$3.5M	49,466	—	NO PRIOR
335	Kinloch Capital, LLC	$3.5M	49,441	+2,407	ADD
336	Bridgewater Associates, LP	$3.5M	49,341	+19,742	ADD
337	Vontobel Holding Ltd.	$3.4M	47,973	−267	TRIM
338	Alyeska Investment Group, L.P.	$3.4M	47,912	+47,912	NEW
339	Kerusso Capital Management LLC	$3.4M	47,582	−3,381	TRIM
340	Royal Fund Management, LLC	$3.4M	47,260	+2,083	ADD
341	Generali Asset Management SPA SGR	$3.4M	47,085	+23,831	ADD
342	ARQ WEALTH ADVISORS, LLC	$3.4M	47,057	+42,237	ADD
343	NORTH STAR ASSET MANAGEMENT INC	$3.3M	46,814	−28,791	TRIM
344	EVERETT HARRIS & CO /CA/	$3.3M	46,337	−1,500	TRIM
345	OCCUDO QUANTITATIVE STRATEGIES LP	$3.3M	43,547	+43,547	NEW
346	Zurich Insurance Group Ltd/FI	$3.3M	45,600	0	NO CHANGE
347	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	$3.3M	45,586	−3,838	TRIM
348	Clarkston Capital Partners, LLC	$3.2M	44,964	−776,063	TRIM
349	Alphadyne Asset Management LP	$3.2M	44,853	+44,853	NEW
350	SALEM INVESTMENT COUNSELORS INC	$3.2M	44,589	−500	TRIM
351	DAVENPORT & Co LLC	$3.2M	44,372	−12,978	TRIM
352	Sawyer & Company, Inc	$3.1M	43,953	−2,721	TRIM
353	CenterBook Partners LP	$3.1M	43,926	−21,537	TRIM
354	EagleClaw Capital Managment, LLC	$3.1M	43,685	−800	TRIM
355	Private Advisor Group, LLC	$3.1M	43,611	−4,384	TRIM
356	DMKC Advisory Services, LLC	$3.1M	43,451	+2,350	ADD
357	LEVIN CAPITAL STRATEGIES, L.P.	$3.0M	42,663	+42,663	NEW
358	Investment Management Corp of Ontario	$3.0M	42,657	−9,687	TRIM
359	FINANCIAL ADVISORY PARTNERS, LLC	$3.0M	42,281	+257	ADD
360	CacheTech Inc.	$3.0M	41,871	+3,130	ADD
361	OPPENHEIMER & CO INC	$3.0M	41,717	−3,672	TRIM
362	&PARTNERS	$2.9M	41,165	+4,663	ADD
363	MARTINGALE ASSET MANAGEMENT L P	$2.9M	40,850	−3,200	TRIM
364	Genus Capital Management Inc.	$2.9M	40,820	+40,820	NEW
365	OXFORD ASSET MANAGEMENT LLP	$2.9M	40,695	+34,667	ADD
366	FLPUTNAM INVESTMENT MANAGEMENT CO	$2.8M	39,750	−2,028	TRIM
367	SCOTIA CAPITAL INC.	$2.8M	39,488	+787	ADD
368	Atria Investments, Inc	$2.8M	39,132	+1,384	ADD
369	Integras Partners LLC	$2.8M	39,096	+59	ADD
370	KING LUTHER CAPITAL MANAGEMENT CORP	$2.8M	38,881	−5,950	TRIM
371	MV CAPITAL MANAGEMENT, INC.	$2.8M	38,675	+464	ADD
372	Headlands Technologies LLC	$2.7M	38,182	+38,182	NEW
373	LECAP ASSET MANAGEMENT LTD	$2.7M	37,660	+37,660	NEW
374	Leelyn Smith, LLC	$2.6M	36,924	+1,293	ADD
375	Forum Financial Management, LP	$2.6M	36,858	−3,427	TRIM
376	Moors & Cabot, Inc.	$2.6M	36,491	−1,531	TRIM
377	Summit Trail Advisors, LLC	$2.6M	36,467	+10,320	ADD
378	WESTPAC BANKING CORP	$2.6M	35,929	0	NO CHANGE
379	PENINSULA ASSET MANAGEMENT INC	$2.6M	35,920	−180	TRIM
380	Spartan Wealth Advisory Services LLC	$2.5M	35,584	—	NO PRIOR
381	Siemens Fonds Invest GmbH	$2.5M	35,528	+190	ADD
382	SHP Wealth Management	$2.5M	35,431	+24	ADD
383	INVESTMENT HOUSE LLC	$2.5M	35,390	−1,550	TRIM
384	EDGEWOOD MANAGEMENT LLC	$2.5M	35,136	0	NO CHANGE
385	Diversified Trust Co	$2.5M	35,040	+35,040	NEW
386	ING GROEP NV	$2.5M	34,768	+34,768	NEW
387	F/m Investments LLC	$2.5M	34,567	−147	TRIM
388	HENNESSY ADVISORS INC	$2.5M	34,500	−1,400	TRIM
389	CI INVESTMENTS INC.	$2.4M	34,186	−2,279	TRIM
390	Adams Wealth Management	$2.4M	34,035	+428	ADD
391	U.S. Capital Wealth Advisors, LLC	$2.4M	33,810	−40	TRIM
392	Concurrent Investment Advisors, LLC	$2.4M	33,643	−339	TRIM
393	GWN SECURITIES INC.	$2.4M	33,631	−7,644	TRIM
394	KESTRA PRIVATE WEALTH SERVICES, LLC	$2.4M	33,599	−2,050	TRIM
395	Rodgers Brothers Inc.	$2.4M	33,514	−1,300	TRIM
396	COLDSTREAM CAPITAL MANAGEMENT INC	$2.4M	33,163	+23,737	ADD
397	CHILTON CAPITAL MANAGEMENT LLC	$2.4M	33,042	−10	TRIM
398	Fideuram Asset Management (Ireland) dac	$2.4M	29,753	−42,911	TRIM
399	UNITED CAPITAL FINANCIAL ADVISORS, LLC	$2.3M	32,734	+32,734	NEW
400	Verdence Capital Advisors LLC	$2.3M	31,807	+337	ADD
401	Towne Trust Company, N.A	$2.3M	31,786	−5,645	TRIM
402	OMERS ADMINISTRATION Corp	$2.3M	31,648	+9,053	ADD
403	FOX RUN MANAGEMENT, L.L.C.	$2.3M	32,548	+32,548	NEW
404	HUSSMAN STRATEGIC ADVISORS, INC.	$2.2M	31,500	+31,500	NEW
405	WINTON GROUP Ltd	$2.2M	31,483	+31,483	NEW
406	AZZAD ASSET MANAGEMENT INC /ADV	$2.2M	31,468	−403	TRIM
407	ClearAlpha Technologies LP	$2.2M	31,363	+31,363	NEW
408	HB Wealth Management, LLC	$2.2M	30,785	−583	TRIM
409	MARKEL GROUP INC.	$2.2M	30,500	0	NO CHANGE
410	BRADLEY FOSTER & SARGENT INC/CT	$2.2M	30,485	−5,338	TRIM
411	DIVERSIFIED MANAGEMENT INC	$2.2M	30,369	+25,317	ADD
412	Qsemble Capital Management, LP	$2.2M	30,368	+30,368	NEW
413	S-Bank Fund Management Ltd	$2.1M	30,000	+30,000	NEW
414	Sequoia Financial Advisors, LLC	$2.1M	29,783	+650	ADD
415	Merit Financial Group, LLC	$2.1M	29,692	−26,155	TRIM
416	Norinchukin Bank, The	$2.1M	29,277	+143	ADD
417	MIZUHO SECURITIES USA LLC	$2.1M	28,953	−5,915	TRIM
418	Independence Bank of Kentucky	$2.0M	28,679	−87	TRIM
419	MONEY CONCEPTS CAPITAL CORP	$2.0M	28,671	+1,852	ADD
420	Rafferty Asset Management, LLC	$2.0M	28,667	−11,437	TRIM
421	Edgestream Partners, L.P.	$2.0M	28,637	−73,599	TRIM
422	Rehmann Capital Advisory Group	$2.0M	28,611	+2,586	ADD
423	Benin Management CORP	$2.0M	28,463	+4,000	ADD
424	ExodusPoint Capital Management, LP	$2.0M	28,450	+28,450	NEW
425	Sepio Capital, LP	$2.0M	28,253	−9,616	TRIM
426	Texas Yale Capital Corp.	$2.0M	28,135	0	NO CHANGE
427	Clearstead Advisors, LLC	$2.0M	27,393	−47	TRIM
428	HARTFORD INVESTMENT MANAGEMENT CO	$1.9M	27,319	−326	TRIM
429	Fieldview Capital Management, LLC	$1.9M	27,043	+27,043	NEW
430	BRIDGES INVESTMENT MANAGEMENT INC	$1.9M	26,852	0	NO CHANGE
431	W.G. Shaheen & Associates DBA Whitney & Co	$1.9M	26,578	+2,007	ADD
432	BERKSHIRE ASSET MANAGEMENT LLC/PA	$1.9M	26,460	+147	ADD
433	MITCHELL & PAHL PRIVATE WEALTH, LLC	$1.9M	26,050	+1,195	ADD
434	BAXTER BROS INC	$1.9M	26,020	−810	TRIM
435	Harrington Investments, INC	$1.8M	25,435	+435	ADD
436	BROWN, LISLE/CUMMINGS, INC.	$1.8M	25,433	−100	TRIM
437	FIRST NATIONAL TRUST CO	$1.8M	25,376	−1,249	TRIM
438	Jacobi Capital Management LLC	$1.8M	25,279	+216	ADD
439	Allspring Global Investments Holdings, LLC	$1.8M	24,814	+283	ADD
440	Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors	$1.8M	24,940	+5,954	ADD
441	Aurdan Capital Management, LLC	$1.8M	24,904	−1,635	TRIM
442	EQUITABLE TRUST CO	$1.8M	24,794	−5,805	TRIM
443	CWA Asset Management Group, LLC	$1.8M	24,781	−1,653	TRIM
444	HANCOCK WHITNEY CORP	$1.8M	23,784	−449	TRIM
445	Beacon Pointe Advisors, LLC	$1.8M	24,726	+6,882	ADD
446	New England Research & Management, Inc.	$1.8M	24,704	−11,770	TRIM
447	Accretive Wealth Partners, LLC	$1.7M	24,509	+160	ADD
448	GRIFFIN ASSET MANAGEMENT, INC.	$1.7M	24,373	−2,650	TRIM
449	LOWE BROCKENBROUGH & CO INC	$1.7M	24,360	−269	TRIM
450	Maryland State Retirement & Pension System	$1.7M	24,184	0	NO CHANGE
451	L. Roy Papp & Associates, LLP	$1.7M	23,960	−172	TRIM
452	KAVAR CAPITAL PARTNERS GROUP, LLC	$1.7M	23,727	−1,157	TRIM
453	Roundview Capital LLC	$1.7M	23,725	−1,493	TRIM
454	Belpointe Asset Management LLC	$1.7M	23,601	+462	ADD
455	Oak Thistle LLC	$1.7M	23,545	+7,944	ADD
456	Carnegie Investment Counsel	$1.7M	23,386	+487	ADD
457	Dynamic Technology Lab Private Ltd	$1.6M	22,909	+22,909	NEW
458	Godshalk Welsh Capital Management, Inc.	$1.6M	22,650	−40	TRIM
459	Chesley Taft & Associates LLC	$1.6M	22,508	−370	TRIM
460	Cinctive Capital Management LP	$1.6M	22,351	+4,956	ADD
461	Annis Gardner Whiting Capital Advisors, LLC	$1.6M	22,299	−13	TRIM
462	NBT BANK, N.A.	$1.6M	22,167	+8,088	ADD
463	Accurate Wealth Management, LLC	$1.6M	21,644	−7,461	TRIM
464	Steward Partners Investment Advisory, LLC	$1.6M	22,078	+137	ADD
465	111 Capital	$1.6M	21,934	+16,877	ADD
466	AMG National Trust Bank	$1.6M	21,890	+200	ADD
467	ProVise Management Group, LLC	$1.6M	21,878	−331	TRIM
468	MGO ONE SEVEN LLC	$1.6M	21,876	+985	ADD
469	STEPHENS INC /AR/	$1.6M	21,828	−461	TRIM
470	Evercore Wealth Management, LLC	$1.6M	21,760	0	NO CHANGE
471	J.P. Marvel Investment Advisors, LLC	$1.5M	21,624	+190	ADD
472	SJS Investment Consulting Inc.	$1.5M	21,613	+103	ADD
473	BEACON INVESTMENT ADVISORS LLC	$1.5M	21,601	−68	TRIM
474	Aptus Capital Advisors, LLC	$1.5M	21,469	−2,714	TRIM
475	United Asset Strategies, Inc.	$1.5M	21,350	−2,514	TRIM
476	CARRET ASSET MANAGEMENT, LLC	$1.5M	21,316	0	NO CHANGE
477	Dorsey & Whitney Trust CO LLC	$1.5M	21,264	−772	TRIM
478	Lido Advisors, LLC	$1.5M	21,108	+6,726	ADD
479	OneDigital Investment Advisors LLC	$1.5M	20,906	−2,806	TRIM
480	Taylor Frigon Capital Management LLC	$1.5M	20,813	−838	TRIM
481	HOWLAND CAPITAL MANAGEMENT LLC	$1.5M	20,740	−1,754	TRIM
482	PRINCIPAL SECURITIES, INC.	$1.5M	20,567	+361	ADD
483	Brookstone Capital Management	$1.5M	20,514	+1,419	ADD
484	KEYBANK NATIONAL ASSOCIATION/OH	$1.4M	20,322	−2,619	TRIM
485	EXCHANGE TRADED CONCEPTS, LLC	$1.4M	20,254	−1,611	TRIM
486	1ST SOURCE BANK	$1.4M	20,118	−1,369	TRIM
487	Pinnacle Financial Partners, Inc.	$1.4M	20,111	−706	TRIM
488	AG2R LA MONDIALE GESTION D'ACTIFS	$1.4M	20,043	−1,674	TRIM
489	BRIGHT ROCK CAPITAL MANAGEMENT, LLC	$1.4M	20,000	0	NO CHANGE
490	Buckley Wealth Management, LLC	$1.4M	19,834	+1,690	ADD
491	Aristotle Capital Management, LLC	$1.4M	19,601	−1,317	TRIM
492	MUFG Securities EMEA plc	$1.4M	19,598	0	NO CHANGE
493	Patriot Financial Group Insurance Agency, LLC	$1.4M	19,564	+19,564	NEW
494	BOYAR ASSET MANAGEMENT INC.	$1.4M	19,556	−493	TRIM
495	Waverly Advisors, LLC	$1.4M	19,457	−84	TRIM
496	CFS Investment Advisory Services, LLC	$1.4M	18,151	−420	TRIM
497	Marble Wealth, LLC	$1.4M	19,361	−1,296	TRIM
498	Stratos Wealth Partners, LTD.	$1.4M	19,237	−131	TRIM
499	Revisor Wealth Management LLC	$1.4M	19,097	+55	ADD
500	Allworth Financial LP	$1.3M	18,780	+494	ADD

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

Congress ↔ notable managers · SYY

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

Congress · last 90 days

Buyers: 0 — —
Sellers: 0 — —

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

Notable managers · quarter ended 2026-03-31

Adding: 1 Bridgewater Associates $3.5M held
Trimming: 1 Gotham Asset Management $6.2M held

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

Merged timeline of congressional filings and notable-manager moves on SYY
Date	Who	Change	Size
2026-05-15	Bridgewater Associates 13F	ADD	+19,742 sh
2026-05-15	Gotham Asset Management 13F	TRIM	−30,277 sh

2 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

25 members of Congress disclosed SYY — 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).