Berger Financial Group

PLYMOUTH, MNfiles as Berger Financial Group, Inc

$2.0bn in 475 US stocks at the end of 30 June 2026. The top 10 are 35.9% of the money. It changed about 6.3% of the portfolio this quarter.

Value

$2.0bn

Stocks

475

Top 10 share

35.9%

Turnover

6.3%

What changed this quarter

New

Bought for the first time this quarter.

EA Series TrustGEQ
0.4% of the fund
FortinetFTNT
0.2% of the fund
AdobeADBE
0.2% of the fund
Collaborative Investmnt SERSPCK
<0.1% of the fund
Honeywell AerospaceHONA
<0.1% of the fund
WEC Energy GroupWEC
<0.1% of the fund
Hewlett Packard EnterpriseHPE
<0.1% of the fund
ARM HoldingsARM
<0.1% of the fund
IonQIONQ
<0.1% of the fund
Astera LabsALAB
<0.1% of the fund
CorningGLW
<0.1% of the fund
Marvell TechnologyMRVL
<0.1% of the fund
Neos ETF TrustQQQH
<0.1% of the fund
ASML Holding NVASML
<0.1% of the fund
Bloom EnergyBE
<0.1% of the fund
Fidelity Covington TrustFFLC
<0.1% of the fund
Alps ETF TRAMLP
<0.1% of the fund
Rigetti ComputingRGTI
<0.1% of the fund
Hunt J B Transport ServicesJBHT
<0.1% of the fund
SnowflakeSNOW
<0.1% of the fund
State STR Spdr DOW Jones INDDIA
<0.1% of the fund
CVS HealthCVS
<0.1% of the fund
Kimberly-ClarkKMB
<0.1% of the fund
DBX ETF TRUSSG
<0.1% of the fund
FirstCash HoldingsFCFS
<0.1% of the fund

Added

Bought more of a stock they already held.

Schwab Strategic TRSCHD
5.2% of the fund
+7%
Schwab Strategic TRSCHG
4.9% of the fund
+9%
J P Morgan Exchange Traded FJCPB
2.2% of the fund
+7%
Vaneck ETF TrustRAAX
1.9% of the fund
+18%
Hartford FDS Exchange TradedHTRB
1.7% of the fund
+10%
NvidiaNVDA
1.4% of the fund
+11%
Dimensional ETF TrustDFAE
1.3% of the fund
+8%
Dimensional ETF TrustDFAI
1.3% of the fund
+9%
American Centy ETF TRAVMC
1.1% of the fund
+10%
American Centy ETF TRAVSC
0.6% of the fund
+9%
HawkinsHWKN
0.6% of the fund
+9%
Ishares TREMB
0.4% of the fund
+9%
Principal Exchange Traded FDPREF
0.4% of the fund
+9%
Meta PlatformsMETA
0.4% of the fund
+10%
Innovator Etfs TrustUJUN
0.4% of the fund
+5%
Select Sector Spdr TRXLU
0.3% of the fund
+2%
Vanguard BD Index FDSBND
0.3% of the fund
+12%
NetAppNTAP
0.3% of the fund
+1259%
CaterpillarCAT
0.2% of the fund
+23%
Goldman Sachs ETF TRGMUB
0.2% of the fund
+9%
Tidal Trust IRISR
0.2% of the fund
+5%
Wisdomtree TRUSSH
0.1% of the fund
+10%
Capital GRP Fixed Incm ETF TCGCB
0.1% of the fund
+5%
Ishares TRIGSB
0.1% of the fund
+54%
Dimensional ETF TrustDFAX
0.1% of the fund
+7%

Cut

Sold some of their stake.

Vanguard Index FDSVUG
4.9% of the fund
-3%
Pgim ETF TRPJFG
4.2% of the fund
-3%
AppleAAPL
2.3% of the fund
-3%
Amazon.comAMZN
1.0% of the fund
-3%
AlphabetGOOGL
0.9% of the fund
-3%
Vanguard Index FDSVOO
0.8% of the fund
-6%
State STR Spdr S&P 500 ETF TSPY
0.8% of the fund
-3%
MicrosoftMSFT
0.7% of the fund
-4%
Vaneck Bitcoin ETFHODL
0.7% of the fund
-3%
CrowdStrike HoldingsCRWD
0.7% of the fund
-3%
Costco WholesaleCOST
0.7% of the fund
-2%
DatadogDDOG
0.6% of the fund
-5%
Valero EnergyVLO
0.5% of the fund
-4%
Dimensional ETF TrustDFCF
0.5% of the fund
-9%
F5FFIV
0.5% of the fund
-4%
International Business MachinesIBM
0.5% of the fund
-7%
WalmartWMT
0.5% of the fund
-4%
MastercardMA
0.5% of the fund
-3%
VisaV
0.4% of the fund
-12%
AllstateALL
0.4% of the fund
-3%
QualcommQCOM
0.4% of the fund
-4%
Live Nation EntertainmentLYV
0.4% of the fund
-3%
Innovator Etfs TrustIJUL
0.4% of the fund
-2%
ChubbCB
0.4% of the fund
-3%
EOG ResourcesEOG
0.3% of the fund
-4%

Sold out

Sold their entire stake.

Leidos HoldingsLDOS
-100%
Cognizant Technology SolutionsCTSH
-100%
EPAM SystemsEPAM
-100%
Honeywell InternationalHON
-100%
EA Series TrustUSEW
-100%
General MillsGIS
-100%
BPBP
-100%
Toyota MotorTM
-100%
APAAPA
-100%
ComcastCMCSA
-100%
Innovator Etfs TrustKFEB
-100%
Dimensional ETF TrustDISV
-100%
Regeneron PharmaceuticalsREGN
-100%
Agnico Eagle MinesAEM
-100%
Jacobs SolutionsJ
-100%
Tractor SupplyTSCO
-100%
IsharesRING
-100%
First TR Exchange-Traded FDFTSL
-100%
Dimensional ETF TrustDFIP
-100%

Holdings

Schwab Strategic TRSCHD
Share
5.2%
Value
$102m
Shares
3,205,319
+7%
Schwab Strategic TRSCHG
Share
4.9%
Value
$96m
Shares
2,842,453
+9%
Vanguard Index FDSVUG
Share
4.9%
Value
$95m
Shares
1,106,002
-3%
Pgim ETF TRPJFG
Share
4.2%
Value
$82m
Shares
702,506
-3%
J P Morgan Exchange Traded FJBND
Share
3.9%
Value
$77m
Shares
1,431,811
Held
Schwab Strategic TRSCHX
Share
3.5%
Value
$68m
Shares
2,326,585
Held
First TR Exchange-Traded FDLMBS
Share
2.9%
Value
$57m
Shares
1,139,455
Held
AppleAAPL
Share
2.3%
Value
$44m
Shares
152,260
-3%
J P Morgan Exchange Traded FJCPB
Share
2.2%
Value
$44m
Shares
934,157
+7%
Vaneck ETF TrustRAAX
Share
1.9%
Value
$38m
Shares
955,885
+18%
Hartford FDS Exchange TradedHTRB
Share
1.7%
Value
$33m
Shares
978,480
+10%
Pimco ETF TRPYLD
Share
1.6%
Value
$30m
Shares
1,143,208
Held
NvidiaNVDA
Share
1.4%
Value
$28m
Shares
141,469
+11%
C. H. Robinson WorldwideCHRW
Share
1.3%
Value
$26m
Shares
136,255
Held
First TR Exchange-Traded FDFBT
Share
1.3%
Value
$25m
Shares
102,351
Held
Dimensional ETF TrustDFAE
Share
1.3%
Value
$25m
Shares
623,436
+8%
Dimensional ETF TrustDFAI
Share
1.3%
Value
$25m
Shares
596,873
+9%
Pimco ETF TRBOND
Share
1.1%
Value
$22m
Shares
239,458
Held
American Centy ETF TRAVMC
Share
1.1%
Value
$22m
Shares
269,524
+10%
Amazon.comAMZN
Share
1.0%
Value
$19m
Shares
80,239
-3%
AlphabetGOOGL
Share
0.9%
Value
$18m
Shares
51,162
-3%
Vanguard Index FDSVTV
Share
0.9%
Value
$18m
Shares
81,743
Held
American Centy ETF TRAVEM
Share
0.9%
Value
$17m
Shares
177,096
Held
Vanguard Index FDSVOO
Share
0.8%
Value
$17m
Shares
24,165
-6%
State STR Spdr S&P 500 ETF TSPY
Share
0.8%
Value
$17m
Shares
22,190
-3%
Invesco QQQ TRQQQ
Share
0.8%
Value
$16m
Shares
21,635
Held
Fidelity Covington TrustFESM
Share
0.8%
Value
$15m
Shares
318,779
Held
First TR Exchange-Traded FDWCMI
Share
0.8%
Value
$15m
Shares
785,432
Held
RBB Fund TrustFEOE
Share
0.8%
Value
$15m
Shares
283,724
Held
Nushares ETF TRNPFI
Share
0.8%
Value
$15m
Shares
574,054
Held
MicrosoftMSFT
Share
0.7%
Value
$14m
Shares
38,384
-4%
Vaneck Bitcoin ETFHODL
Share
0.7%
Value
$14m
Shares
828,848
-3%
CrowdStrike HoldingsCRWD
Share
0.7%
Value
$14m
Shares
17,978
-3%
Costco WholesaleCOST
Share
0.7%
Value
$13m
Shares
13,989
-2%
Ishares TRSMMD
Share
0.7%
Value
$13m
Shares
142,271
Held
American Centy ETF TRAVSC
Share
0.6%
Value
$12m
Shares
166,979
+9%
DatadogDDOG
Share
0.6%
Value
$12m
Shares
44,935
-5%
HawkinsHWKN
Share
0.6%
Value
$11m
Shares
76,257
+9%
Johnson & JohnsonJNJ
Share
0.5%
Value
$10m
Shares
39,841
Held
Valero EnergyVLO
Share
0.5%
Value
$10m
Shares
38,101
-4%
Dimensional ETF TrustDFCF
Share
0.5%
Value
$9m
Shares
222,462
-9%
F5FFIV
Share
0.5%
Value
$9m
Shares
22,293
-4%
International Business MachinesIBM
Share
0.5%
Value
$9m
Shares
32,864
-7%
WalmartWMT
Share
0.5%
Value
$9m
Shares
79,703
-4%
MastercardMA
Share
0.5%
Value
$9m
Shares
17,306
-3%
Ishares TREMB
Share
0.4%
Value
$8m
Shares
87,545
+9%
Principal Exchange Traded FDPREF
Share
0.4%
Value
$8m
Shares
441,919
+9%
Meta PlatformsMETA
Share
0.4%
Value
$8m
Shares
14,904
+10%
Dimensional ETF TrustDFAC
Share
0.4%
Value
$8m
Shares
188,069
Held
EA Series TrustGEQ
Share
0.4%
Value
$8m
Shares
161,649
New
VisaV
Share
0.4%
Value
$8m
Shares
23,628
-12%
Eli LillyLLY
Share
0.4%
Value
$8m
Shares
6,514
Held
AllstateALL
Share
0.4%
Value
$8m
Shares
32,192
-3%
QualcommQCOM
Share
0.4%
Value
$8m
Shares
41,234
-4%
Live Nation EntertainmentLYV
Share
0.4%
Value
$8m
Shares
41,243
-3%
Innovator Etfs TrustIJUL
Share
0.4%
Value
$7m
Shares
199,418
-2%
Innovator Etfs TrustUJUN
Share
0.4%
Value
$7m
Shares
185,198
+5%
ChubbCB
Share
0.4%
Value
$7m
Shares
20,637
-3%
Vanguard Index FDSVTI
Share
0.4%
Value
$7m
Shares
18,918
Held
EOG ResourcesEOG
Share
0.3%
Value
$7m
Shares
52,517
-4%
Take TWO Interactive SoftwareTTWO
Share
0.3%
Value
$7m
Shares
27,185
-3%
Schwab Strategic TRSCHF
Share
0.3%
Value
$7m
Shares
240,489
-8%
Expeditors International of WashingtonEXPD
Share
0.3%
Value
$7m
Shares
40,266
-3%
Henry ScheinHSIC
Share
0.3%
Value
$7m
Shares
78,245
-3%
TJX CompaniesTJX
Share
0.3%
Value
$6m
Shares
42,885
-3%
EcolabECL
Share
0.3%
Value
$6m
Shares
23,004
-3%
CDWCDW
Share
0.3%
Value
$6m
Shares
44,916
-5%
Hartford Insurance GroupHIG
Share
0.3%
Value
$6m
Shares
47,556
-3%
FirstenergyFE
Share
0.3%
Value
$6m
Shares
130,599
-3%
Ishares TRIWY
Share
0.3%
Value
$6m
Shares
20,505
-7%
TE ConnectivityTEL
Share
0.3%
Value
$6m
Shares
28,892
-3%
Gilead SciencesGILD
Share
0.3%
Value
$6m
Shares
46,072
-2%
Vici PropertiesVICI
Share
0.3%
Value
$6m
Shares
212,315
-4%
Vanguard World FDMGK
Share
0.3%
Value
$6m
Shares
64,100
Held
AT&TT
Share
0.3%
Value
$5m
Shares
265,107
-3%
CintasCTAS
Share
0.3%
Value
$5m
Shares
32,008
-3%
Abbott LaboratoriesABT
Share
0.3%
Value
$5m
Shares
59,977
-3%
Select Sector Spdr TRXLU
Share
0.3%
Value
$5m
Shares
120,024
+2%
Vanguard BD Index FDSBND
Share
0.3%
Value
$5m
Shares
73,227
+12%
KrogerKR
Share
0.3%
Value
$5m
Shares
96,626
-3%
NetAppNTAP
Share
0.3%
Value
$5m
Shares
33,808
+1259%
TeslaTSLA
Share
0.3%
Value
$5m
Shares
12,308
Held
CencoraCOR
Share
0.3%
Value
$5m
Shares
18,257
Held
Smith A OAOS
Share
0.3%
Value
$5m
Shares
79,756
-3%
Capital Group Core Equity ETCGUS
Share
0.3%
Value
$5m
Shares
110,804
-8%
AlphabetGOOG
Share
0.2%
Value
$5m
Shares
13,697
Held
EA Series TrustGEW
Share
0.2%
Value
$5m
Shares
84,265
Held
AutodeskADSK
Share
0.2%
Value
$4m
Shares
22,828
-5%
Home DepotHD
Share
0.2%
Value
$4m
Shares
12,570
-4%
Invesco Exch TRD SLF IDX FDBSCS
Share
0.2%
Value
$4m
Shares
216,040
-5%
Dimensional World EquityDFAW
Share
0.2%
Value
$4m
Shares
52,274
Held
J P Morgan Exchange Traded FJPEM
Share
0.2%
Value
$4m
Shares
68,223
-2%
JPMorgan ChaseJPM
Share
0.2%
Value
$4m
Shares
12,783
Held
Broadridge Financial SolutionsBR
Share
0.2%
Value
$4m
Shares
30,434
-3%
UnitedHealth GroupUNH
Share
0.2%
Value
$4m
Shares
9,944
-15%
Vanguard Tax-Managed FDSVEA
Share
0.2%
Value
$4m
Shares
57,151
-7%
Dimensional ETF TrustDFUS
Share
0.2%
Value
$4m
Shares
48,728
Held
RollinsROL
Share
0.2%
Value
$4m
Shares
93,024
-4%
CaterpillarCAT
Share
0.2%
Value
$4m
Shares
3,646
+23%
Micron TechnologyMU
Share
0.2%
Value
$4m
Shares
3,356
-6%

Company	Share of fund	Value	Shares	Change
Schwab Strategic TRSCHD	5.2%	$102m	3,205,319	+7%
Schwab Strategic TRSCHG	4.9%	$96m	2,842,453	+9%
Vanguard Index FDSVUG	4.9%	$95m	1,106,002	-3%
Pgim ETF TRPJFG	4.2%	$82m	702,506	-3%
J P Morgan Exchange Traded FJBND	3.9%	$77m	1,431,811	Held
Schwab Strategic TRSCHX	3.5%	$68m	2,326,585	Held
First TR Exchange-Traded FDLMBS	2.9%	$57m	1,139,455	Held
AppleAAPL	2.3%	$44m	152,260	-3%
J P Morgan Exchange Traded FJCPB	2.2%	$44m	934,157	+7%
Vaneck ETF TrustRAAX	1.9%	$38m	955,885	+18%
Hartford FDS Exchange TradedHTRB	1.7%	$33m	978,480	+10%
Pimco ETF TRPYLD	1.6%	$30m	1,143,208	Held
NvidiaNVDA	1.4%	$28m	141,469	+11%
C. H. Robinson WorldwideCHRW	1.3%	$26m	136,255	Held
First TR Exchange-Traded FDFBT	1.3%	$25m	102,351	Held
Dimensional ETF TrustDFAE	1.3%	$25m	623,436	+8%
Dimensional ETF TrustDFAI	1.3%	$25m	596,873	+9%
Pimco ETF TRBOND	1.1%	$22m	239,458	Held
American Centy ETF TRAVMC	1.1%	$22m	269,524	+10%
Amazon.comAMZN	1.0%	$19m	80,239	-3%
AlphabetGOOGL	0.9%	$18m	51,162	-3%
Vanguard Index FDSVTV	0.9%	$18m	81,743	Held
American Centy ETF TRAVEM	0.9%	$17m	177,096	Held
Vanguard Index FDSVOO	0.8%	$17m	24,165	-6%
State STR Spdr S&P 500 ETF TSPY	0.8%	$17m	22,190	-3%
Invesco QQQ TRQQQ	0.8%	$16m	21,635	Held
Fidelity Covington TrustFESM	0.8%	$15m	318,779	Held
First TR Exchange-Traded FDWCMI	0.8%	$15m	785,432	Held
RBB Fund TrustFEOE	0.8%	$15m	283,724	Held
Nushares ETF TRNPFI	0.8%	$15m	574,054	Held
MicrosoftMSFT	0.7%	$14m	38,384	-4%
Vaneck Bitcoin ETFHODL	0.7%	$14m	828,848	-3%
CrowdStrike HoldingsCRWD	0.7%	$14m	17,978	-3%
Costco WholesaleCOST	0.7%	$13m	13,989	-2%
Ishares TRSMMD	0.7%	$13m	142,271	Held
American Centy ETF TRAVSC	0.6%	$12m	166,979	+9%
DatadogDDOG	0.6%	$12m	44,935	-5%
HawkinsHWKN	0.6%	$11m	76,257	+9%
Johnson & JohnsonJNJ	0.5%	$10m	39,841	Held
Valero EnergyVLO	0.5%	$10m	38,101	-4%
Dimensional ETF TrustDFCF	0.5%	$9m	222,462	-9%
F5FFIV	0.5%	$9m	22,293	-4%
International Business MachinesIBM	0.5%	$9m	32,864	-7%
WalmartWMT	0.5%	$9m	79,703	-4%
MastercardMA	0.5%	$9m	17,306	-3%
Ishares TREMB	0.4%	$8m	87,545	+9%
Principal Exchange Traded FDPREF	0.4%	$8m	441,919	+9%
Meta PlatformsMETA	0.4%	$8m	14,904	+10%
Dimensional ETF TrustDFAC	0.4%	$8m	188,069	Held
EA Series TrustGEQ	0.4%	$8m	161,649	New
VisaV	0.4%	$8m	23,628	-12%
Eli LillyLLY	0.4%	$8m	6,514	Held
AllstateALL	0.4%	$8m	32,192	-3%
QualcommQCOM	0.4%	$8m	41,234	-4%
Live Nation EntertainmentLYV	0.4%	$8m	41,243	-3%
Innovator Etfs TrustIJUL	0.4%	$7m	199,418	-2%
Innovator Etfs TrustUJUN	0.4%	$7m	185,198	+5%
ChubbCB	0.4%	$7m	20,637	-3%
Vanguard Index FDSVTI	0.4%	$7m	18,918	Held
EOG ResourcesEOG	0.3%	$7m	52,517	-4%
Take TWO Interactive SoftwareTTWO	0.3%	$7m	27,185	-3%
Schwab Strategic TRSCHF	0.3%	$7m	240,489	-8%
Expeditors International of WashingtonEXPD	0.3%	$7m	40,266	-3%
Henry ScheinHSIC	0.3%	$7m	78,245	-3%
TJX CompaniesTJX	0.3%	$6m	42,885	-3%
EcolabECL	0.3%	$6m	23,004	-3%
CDWCDW	0.3%	$6m	44,916	-5%
Hartford Insurance GroupHIG	0.3%	$6m	47,556	-3%
FirstenergyFE	0.3%	$6m	130,599	-3%
Ishares TRIWY	0.3%	$6m	20,505	-7%
TE ConnectivityTEL	0.3%	$6m	28,892	-3%
Gilead SciencesGILD	0.3%	$6m	46,072	-2%
Vici PropertiesVICI	0.3%	$6m	212,315	-4%
Vanguard World FDMGK	0.3%	$6m	64,100	Held
AT&TT	0.3%	$5m	265,107	-3%
CintasCTAS	0.3%	$5m	32,008	-3%
Abbott LaboratoriesABT	0.3%	$5m	59,977	-3%
Select Sector Spdr TRXLU	0.3%	$5m	120,024	+2%
Vanguard BD Index FDSBND	0.3%	$5m	73,227	+12%
KrogerKR	0.3%	$5m	96,626	-3%
NetAppNTAP	0.3%	$5m	33,808	+1259%
TeslaTSLA	0.3%	$5m	12,308	Held
CencoraCOR	0.3%	$5m	18,257	Held
Smith A OAOS	0.3%	$5m	79,756	-3%
Capital Group Core Equity ETCGUS	0.3%	$5m	110,804	-8%
AlphabetGOOG	0.2%	$5m	13,697	Held
EA Series TrustGEW	0.2%	$5m	84,265	Held
AutodeskADSK	0.2%	$4m	22,828	-5%
Home DepotHD	0.2%	$4m	12,570	-4%
Invesco Exch TRD SLF IDX FDBSCS	0.2%	$4m	216,040	-5%
Dimensional World EquityDFAW	0.2%	$4m	52,274	Held
J P Morgan Exchange Traded FJPEM	0.2%	$4m	68,223	-2%
JPMorgan ChaseJPM	0.2%	$4m	12,783	Held
Broadridge Financial SolutionsBR	0.2%	$4m	30,434	-3%
UnitedHealth GroupUNH	0.2%	$4m	9,944	-15%
Vanguard Tax-Managed FDSVEA	0.2%	$4m	57,151	-7%
Dimensional ETF TrustDFUS	0.2%	$4m	48,728	Held
RollinsROL	0.2%	$4m	93,024	-4%
CaterpillarCAT	0.2%	$4m	3,646	+23%
Micron TechnologyMU	0.2%	$4m	3,356	-6%

Showing the largest 100 of 475.

Options (11)

Vanguard Index FDSVOO
Type
Put
Value
$2m
Contracts
2,200
Invesco QQQ TRQQQ
Type
Call
Value
$294,560
Contracts
400
MicrosoftMSFT
Type
Call
Value
$149,208
Contracts
400
AppleAAPL
Type
Call
Value
$144,680
Contracts
500
Select Sector Spdr TRXLV
Type
Call
Value
$111,062
Contracts
700
VisaV
Type
Call
Value
$102,927
Contracts
300
Ishares TREFA
Type
Call
Value
$83,104
Contracts
800
Ishares Gold TRIAU
Type
Call
Value
$75,510
Contracts
1,000
State STR Spdr S&P 500 ETF TSPY
Type
Put
Value
$74,677
Contracts
100
Alibaba Group HldgBABA
Type
Call
Value
$47,990
Contracts
500
Ishares Silver TRSLV
Type
Call
Value
$21,388
Contracts
400

Company	Type	Value	Contracts
Vanguard Index FDSVOO	Put	$2m	2,200
Invesco QQQ TRQQQ	Call	$294,560	400
MicrosoftMSFT	Call	$149,208	400
AppleAAPL	Call	$144,680	500
Select Sector Spdr TRXLV	Call	$111,062	700
VisaV	Call	$102,927	300
Ishares TREFA	Call	$83,104	800
Ishares Gold TRIAU	Call	$75,510	1,000
State STR Spdr S&P 500 ETF TSPY	Put	$74,677	100
Alibaba Group HldgBABA	Call	$47,990	500
Ishares Silver TRSLV	Call	$21,388	400

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 26.9% since 30 June 2025.

Where the money is

Technology10.0%

Industrials4.7%

Health care3.1%

Financial services3.0%

Media & telecom2.8%

Retail & consumer2.0%

Everyday goods1.9%

Energy1.1%

Utilities0.7%

Real estate0.5%

Materials0.3%

Other70.0%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.