Alyeska Investment Group, L.P.

CHICAGO, IL · CIK 1453072 · 13F filing filed 2024-05-15

SEC-registered investment adviser since 2010 · limited partnership

Assets managed$41.7bn
Staff60 · 38 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 (1 hedge) · $41.7bn gross assets
Websitehighlinercapital.com
Form ADV · 2026-03-23SEC adviser record

Legal entityALYESKA INVESTMENT GROUP, L.P. (US)

$16.1bn reported value +7.9% vs Q4 2023

423positions

13.9%in top 10

156 new 114 added 139 reduced 149 sold out vs Q4 2023

Options: 19 call positions ($98.2m notional), 2 put positions ($98.8m notional) – listed below, not included above.

This report includes the holdings of 1 other manager that shares the investment decisions:

Alyeska Master Fund, L.P. – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q1 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ORACLE CORP COM ORCL	ORCL	2,535,884	$318.5m1.98%	1.98%	Added +833.4k	+833,415 49.0%
2	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,783,151	$269.1m1.68%	1.68%	New
3	ULTA BEAUTY INC COM ULTA	ULTA	464,768	$243.0m1.51%	1.51%	Added +134.1k	+134,065 40.5%
4	TWILIO INC CL A TWLO	TWLO	3,793,645	$232.0m1.45%	1.45%	Added +1.2m	+1,174,549 44.9%
5	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	1,515,358	$225.0m1.40%	1.40%	Added +26.9k	+26,917 1.8%
6	WALMART INC COM WMT	WMT	3,261,651	$196.3m1.22%	1.22%	Added +1.2m	+1,160,598 55.2%
7	BROADCOM INC COM AVGO	AVGO	145,128	$192.4m1.20%	1.20%	New
8	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		2,795,681	$189.4m1.18%	1.18%	Added +2.2m	+2,220,684 386.2%
9	ADOBE INC COM ADBE	ADBE	369,739	$186.6m1.16%	1.16%	Added +68.5k	+68,498 22.7%
10	BURLINGTON STORES INC COM BURL	BURL	781,036	$181.3m1.13%	1.13%	Reduced -172.1k	-172,110 -18.1%
11	3M CO COM MMM	MMM	1,644,434	$174.4m1.09%	1.09%	Added +1.1m	+1,060,454 181.6%
12	LAUDER ESTEE COS INC CL A EL	EL	1,113,080	$171.6m1.07%	1.07%	Reduced -141.4k	-141,363 -11.3%
13	DOLLAR GEN CORP NEW COM DG	DG	1,046,515	$163.3m1.02%	1.02%	Reduced -569.0k	-568,995 -35.2%
14	AMAZON COM INC COM AMZN	AMZN	905,043	$163.3m1.02%	1.02%	Reduced -127.4k	-127,400 -12.3%
15	DELL TECHNOLOGIES INC CL C DELL	DELL	1,403,705	$160.2m1.00%	1.00%	Reduced -486.7k	-486,711 -25.8%
16	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	139,268	$157.2m0.98%	0.98%	Added +49.4k	+49,359 54.9%
17	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	714,189	$152.3m0.95%	0.95%	Reduced -6.5k	-6,524 -0.9%
18	COCA COLA CO COM KO	KO	2,476,228	$151.5m0.94%	0.94%	Added +828.2k	+828,168 50.2%
19	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	258,795	$150.4m0.94%	0.94%	Added +16.2k	+16,151 6.7%
20	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	375,973	$150.0m0.93%	0.93%	New
21	ZOOM COMMUNICATIONS INC CL A ZM	ZM	2,258,945	$147.7m0.92%	0.92%	Added +841.6k	+841,573 59.4%
22	TE CONNECTIVITY LTD SHS TEL1USD	TEL1USD	1,005,853	$146.1m0.91%	0.91%	New
23	PARKER-HANNIFIN CORP COM PH	PH	258,424	$143.6m0.89%	0.89%	Added +147.9k	+147,934 133.9%
24	AERCAP HOLDINGS NV SHS AER	AER	1,613,656	$140.2m0.87%	0.87%	Reduced -2.3m	-2,341,798 -59.2%
25	MICROSOFT CORP COM MSFT	MSFT	322,930	$135.9m0.85%	0.85%	Added +37.3k	+37,340 13.1%
26	TARGET CORP COM TGT	TGT	764,413	$135.5m0.84%	0.84%	Added +760.7k	+760,679 20371.7%
27	FIRST HORIZON CORPORATION COM FHN	FHN	8,335,912	$128.4m0.80%	0.80%	Reduced -775.9k	-775,903 -8.5%
28	ELI LILLY & CO COM LLY	LLY	160,344	$124.7m0.78%	0.78%	Reduced -30.7k	-30,738 -16.1%
29	MONSTER BEVERAGE CORP NEW COM MNST	MNST	2,092,277	$124.0m0.77%	0.77%	Reduced -171.5k	-171,451 -7.6%
30	CITIGROUP INC COM NEW C	C	1,936,260	$122.4m0.76%	0.76%	Added +1.8m	+1,846,035 2046.0%
31	FLEX LTD ORD FLEX	FLEX	4,192,685	$120.0m0.75%	0.75%	Added +3.0m	+2,973,859 244.0%
32	AUTODESK INC COM ADSK	ADSK	459,908	$119.8m0.75%	0.75%	Reduced -247.8k	-247,848 -35.0%
33	PAYCOM SOFTWARE INC COM PAYC	PAYC	572,986	$114.0m0.71%	0.71%	Reduced -402.0k	-402,004 -41.2%
34	RB GLOBAL INC COM RBA	RBA	1,472,267	$112.1m0.70%	0.70%	Reduced -269.1k	-269,131 -15.4%
35	BOSTON SCIENTIFIC CORP COM BSX	BSX	1,622,449	$111.1m0.69%	0.69%	Reduced -738.9k	-738,912 -31.3%
36	POLARIS INC COM PII	PII	1,103,290	$110.5m0.69%	0.69%	Added +372.9k	+372,939 51.1%
37	EPAM SYS INC COM EPAM	EPAM	393,056	$108.5m0.68%	0.68%	Reduced -384.1k	-384,077 -49.4%
38	ALIGN TECHNOLOGY INC COM ALGN	ALGN	329,057	$107.9m0.67%	0.67%	Added +178.0k	+177,997 117.8%
39	XYLEM INC COM XYL	XYL	799,477	$103.3m0.64%	0.64%	Reduced -662.5k	-662,488 -45.3%
40	CISCO SYS INC COM CSCO	CSCO	2,029,525	$101.3m0.63%	0.63%	Added +1.4m	+1,382,349 213.6%
41	SHELL PLC SPON ADS SHEL	SHEL	1,483,061	$99.4m0.62%	0.62%	New
42	WAYFAIR INC CL A W	W	1,436,297	$97.5m0.61%	0.61%	Added +1.3m	+1,320,226 1137.4%
43	JOHNSON & JOHNSON COM JNJ	JNJ	615,000	$97.3m0.61%	0.61%	Added +235.0k	+235,000 61.8%
44	GENERAL MTRS CO COM GM	GM	2,113,058	$95.8m0.60%	0.60%	Reduced -336.6k	-336,650 -13.7%
45	OVINTIV INC COM OVV	OVV	1,835,376	$95.3m0.59%	0.59%	Added +334.8k	+334,777 22.3%
46	TOPBUILD CORP COM BLD	BLD	214,239	$94.4m0.59%	0.59%	Reduced -37.5k	-37,486 -14.9%
47	GOLDMAN SACHS GROUP INC COM GS	GS	219,898	$91.8m0.57%	0.57%	Added +76.0k	+75,989 52.8%
48	AUTONATION INC COM AN	AN	543,485	$90.0m0.56%	0.56%	Reduced -61.2k	-61,199 -10.1%
49	MONGODB INC CL A MDB	MDB	250,700	$89.9m0.56%	0.56%	New
50	TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS SPONSORED ADS		6,345,808	$89.5m0.56%	0.56%	Added +886.5k	+886,499 16.2%
51	FIVE9 INC COM FIVN	FIVN	1,435,399	$89.2m0.56%	0.56%	Added +38.4k	+38,400 2.8%
52	UNITED AIRLS HLDGS INC COM UAL	UAL	1,861,603	$89.1m0.56%	0.56%	New
53	TD SYNNEX CORPORATION COM SNX	SNX	787,627	$89.1m0.55%	0.55%	New
54	GE AEROSPACE COM NEW GE	GE	500,453	$87.8m0.55%	0.55%	Added +472.3k	+472,312 1678.4%
55	DILLARDS INC CL A DDS	DDS	185,935	$87.7m0.55%	0.55%	Reduced -43.0k	-42,964 -18.8%
56	LENNAR CORP CL A LEN	LEN	477,490	$82.1m0.51%	0.51%	Reduced -92.9k	-92,933 -16.3%
57	PROGRESSIVE CORP COM PGR	PGR	391,160	$80.9m0.50%	0.50%	Reduced -105.2k	-105,203 -21.2%
58	KKR & CO INC COM KKR	KKR	799,708	$80.4m0.50%	0.50%	Added +653.8k	+653,801 448.1%
59	DRAFTKINGS INC NEW COM CL A DKNG	DKNG	1,760,678	$80.0m0.50%	0.50%	New
60	HUBSPOT INC COM HUBS	HUBS	125,874	$78.9m0.49%	0.49%	Added +107.7k	+107,714 593.1%
61	MIRION TECHNOLOGIES INC COM CL A MIR	MIR	6,923,799	$78.7m0.49%	0.49%	Added +1.8m	+1,765,923 34.2%
62	CENOVUS ENERGY INC COM CVE	CVE	3,937,278	$78.7m0.49%	0.49%	Added +2.6m	+2,556,250 185.1%
63	DIGITAL RLTY TR INC COM DLR	DLR	545,277	$78.5m0.49%	0.49%	New
64	COOPER COS INC COM COO	COO	766,705	$77.8m0.48%	0.48%	New
65	JEFFERIES FINL GROUP INC COM JEF	JEF	1,757,120	$77.5m0.48%	0.48%	Added +952.6k	+952,594 118.4%
66	SHERWIN WILLIAMS CO COM SHW	SHW	219,009	$76.1m0.47%	0.47%	Reduced -69.0k	-68,956 -23.9%
67	AMERICAN HOMES 4 RENT CL A AMH	AMH	2,005,983	$73.8m0.46%	0.46%	Added +1.3m	+1,264,549 170.6%
68	ADVANCED MICRO DEVICES INC COM AMD	AMD	407,424	$73.5m0.46%	0.46%	Added +402.8k	+402,804 8718.7%
69	META PLATFORMS INC CL A META	META	150,107	$72.9m0.45%	0.45%	Reduced -988.6k	-988,576 -86.8%
70	REXFORD INDL RLTY INC COM REXR	REXR	1,437,260	$72.3m0.45%	0.45%	Added +80.1k	+80,060 5.9%
71	SPIRIT AEROSYSTEMS HLDGS INC COM CL A SPR	SPR	2,003,972	$72.3m0.45%	0.45%	Added +375.7k	+375,733 23.1%
72	HUBBELL INC COM HUBB	HUBB	172,191	$71.5m0.45%	0.45%	Added +101.5k	+101,481 143.5%
73	SCHLUMBERGER LTD COM STK SLB	SLB	1,273,669	$69.8m0.43%	0.43%	New
74	PALO ALTO NETWORKS INC COM PANW	PANW	243,454	$69.2m0.43%	0.43%	New
75	WILLIS TOWERS WATSON PLC LTD SHS WTW	WTW	247,465	$68.1m0.42%	0.42%	Reduced -62.4k	-62,357 -20.1%
76	LYFT INC CL A COM LYFT	LYFT	3,501,738	$67.8m0.42%	0.42%	Added +1.7m	+1,670,645 91.2%
77	BAKER HUGHES COMPANY CL A BKR	BKR	2,018,117	$67.6m0.42%	0.42%	Added +528.0k	+527,978 35.4%
78	ESSENTIAL PPTYS RLTY TR INC COM EPRT	EPRT	2,528,349	$67.4m0.42%	0.42%	Added +1.3m	+1,283,192 103.0%
79	ONEOK INC NEW COM OKE	OKE	840,350	$67.4m0.42%	0.42%	Added +449.0k	+449,020 114.7%
80	HONEYWELL INTL INC COM COM		322,795	$66.3m0.41%	0.41%	Reduced -44.0k	-43,982 -12.0%
81	COLGATE PALMOLIVE CO COM CL	CL	725,113	$65.3m0.41%	0.41%	Reduced -430.9k	-430,925 -37.3%
82	EXXON MOBIL CORP COM XOM	XOM	555,369	$64.6m0.40%	0.40%	Reduced -404.3k	-404,320 -42.1%
83	LAZARD INC COM LAZ	LAZ	1,537,314	$64.4m0.40%	0.40%	New
84	BIO-TECHNE CORP COM TECH	TECH	911,526	$64.2m0.40%	0.40%	Added +6.7k	+6,704 0.7%
85	APPLIED INDL TECHNOLOGIES IN COM AIT	AIT	322,617	$63.7m0.40%	0.40%	New
86	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	38,550	$63.0m0.39%	0.39%	Added +23.2k	+23,219 151.4%
87	DANAHER CORPORATION COM DHR	DHR	251,420	$62.8m0.39%	0.39%	Added +13.2k	+13,180 5.5%
88	HERSHEY CO COM HSY	HSY	319,446	$62.1m0.39%	0.39%	New
89	QUANTA SVCS INC COM PWR	PWR	238,955	$62.1m0.39%	0.39%	Added +91.1k	+91,068 61.6%
90	LEIDOS HOLDINGS INC COM LDOS	LDOS	472,392	$61.9m0.39%	0.39%	Reduced -6.6k	-6,590 -1.4%
91	CAPITAL ONE FINL CORP COM COF	COF	409,742	$61.0m0.38%	0.38%	New
92	BOEING CO COM BA	BA	312,257	$60.3m0.38%	0.38%	Added +221.7k	+221,673 244.7%
93	DISCOVER FINL SVCS COM DFS	DFS	459,598	$60.2m0.38%	0.38%	Reduced -699.3k	-699,287 -60.3%
94	MOBILEYE GLOBAL INC COMMON CLASS A MBLY	MBLY	1,834,779	$59.0m0.37%	0.37%	New
95	BUILDERS FIRSTSOURCE INC COM BLDR	BLDR	281,041	$58.6m0.37%	0.37%	New
96	TEXAS INSTRS INC COM TXN	TXN	335,049	$58.4m0.36%	0.36%	Reduced -567.2k	-567,167 -62.9%
97	LOWES COS INC COM LOW	LOW	228,964	$58.3m0.36%	0.36%	Reduced -253.5k	-253,527 -52.5%
98	CARETRUST REIT INC COM CTRE	CTRE	2,356,159	$57.4m0.36%	0.36%	Added +1.1m	+1,123,633 91.2%
99	HEALTHPEAK PROPERTIES INC COM DOC	DOC	2,999,173	$56.2m0.35%	0.35%	Added +2.0m	+1,950,474 186.0%
100	STRUCTURE THERAPEUTICS INC SPONSORED ADS GPCR	GPCR	1,300,986	$55.8m0.35%	0.35%	Added +1.1m	+1,122,309 628.1%

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
AKAMAI TECHNOLOGIES INC AKAM	AKAM	1,070,914	$126.7m1.1m shares
ILLUMINA INC ILMN	ILMN	806,609	$112.3m806.6k shares
FEDEX CORP FDX	FDX	440,095	$111.3m440.1k shares
TRUIST FINL CORP TFC	TFC	2,799,501	$103.4m2.8m shares
ZEBRA TECHNOLOGIES CORPORATI ZBRA	ZBRA	361,197	$98.7m361.2k shares
WYNDHAM HOTELS & RESORTS INC WH	WH	1,203,957	$96.8m1.2m shares
MASTEC INC MTZ	MTZ	1,193,631	$90.4m1.2m shares
DYNATRACE INC DT	DT	1,511,136	$82.6m1.5m shares
RH RH	RH	258,181	$75.3m258.2k shares
COOPER COS INC		194,298	$73.5m194.3k shares
QUALCOMM INC QCOM	QCOM	459,911	$66.5m459.9k shares
HOLOGIC INC HOLX	HOLX	920,883	$65.8m920.9k shares
MCDONALDS CORP MCD	MCD	207,520	$61.5m207.5k shares
SCHWAB CHARLES CORP SCHW	SCHW	866,274	$59.6m866.3k shares
APOLLO GLOBAL MGMT INC APO	APO	623,157	$58.1m623.2k shares
UNITEDHEALTH GROUP INC UNH	UNH	100,000	$52.6m100.0k shares
PURE STORAGE INC P	P	1,464,943	$52.2m1.5m shares
QUEST DIAGNOSTICS INC DGX	DGX	375,000	$51.7m375.0k shares
CELSIUS HLDGS INC CELH	CELH	909,588	$49.6m909.6k shares
ASSURED GUARANTY LTD AGO	AGO	627,598	$47.0m627.6k shares
FORTINET INC FTNT	FTNT	751,931	$44.0m751.9k shares
FEDERAL RLTY INVT TR NEW FRT	FRT	404,877	$41.7m404.9k shares
THE CIGNA GROUP CI	CI	136,466	$40.9m136.5k shares
ZIMMER BIOMET HOLDINGS INC ZBH	ZBH	306,663	$37.3m306.7k shares
RENAISSANCERE HLDGS LTD RNR	RNR	178,654	$35.0m178.7k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
TESLA INC TSLA · Put	TSLA	Put	300,000	$52.7m300.0k shares	Unchanged
PALANTIR TECHNOLOGIES INC PLTR · Put	PLTR	Put	2,000,000	$46.0m2.0m shares	New
APPLIED THERAPEUTICS INC APLT · Call	APLT	Call	4,000,000	$27.2m4.0m shares	Reduced
TWILIO INC TWLO · Call	TWLO	Call	200,000	$12.2m200.0k shares	New
MIRION TECHNOLOGIES INC MIR · Call	MIR	Call	900,000	$10.2m900.0k shares	Reduced
MIND MEDICINE MINDMED INC Call		Call	1,000,000	$9.4m1.0m shares	New
ALIGOS THERAPEUTICS INC Call		Call	6,103,217	$6.0m6.1m shares	Unchanged
UR-ENERGY INC URG · Call	URG	Call	3,400,000	$5.4m3.4m shares	Reduced
JOBY AVIATION INC JOBY · Call	JOBY	Call	846,033	$4.5m846.0k shares	Unchanged
KIORA PHARMACEUTICALS INC EYEG · Call	EYEG	Call	6,125,931	$4.3m6.1m shares	New
EOS ENERGY ENTERPRISES INC EOSE · Call	EOSE	Call	4,137,930	$4.3m4.1m shares	Unchanged
ELUTIA INC ELUT · Call	ELUT	Call	893,445	$2.8m893.4k shares	Unchanged
IMMATICS N.V IMTX · Call	IMTX	Call	215,223	$2.3m215.2k shares	Unchanged
89BIO INC ETNB · Call	ETNB	Call	150,000	$1.7m150.0k shares	Unchanged
IO BIOTECH INC IOBTQ · Call	IOBTQ	Call	987,654	$1.7m987.7k shares	Unchanged
LYRA THERAPEUTICS INC LYRA · Call	LYRA	Call	240,723	$1.5m240.7k shares	Unchanged
ALVOTECH ALVO · Call	ALVO	Call	100,000	$1.2m100.0k shares	Unchanged
SELLAS LIFE SCIENCES GROUP I SLS · Call	SLS	Call	1,000,000	$1.0m1.0m shares	Reduced
INTELLIGENT BIO SOLUTIONS IN Call		Call	222,910	$940.7k222.9k shares	New
VILLAGE FARMS INTL INC VFF · Call	VFF	Call	740,000	$917.6k740.0k shares	Unchanged
VBI VACCINES INC CDA VAC · Call	VAC	Call	782,000	$471.2k782.0k shares	Unchanged

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on. The largest 25 of 52.

Company	Ticker	Stake	Change	Schedule	Last filed
CORE AI HOLDINGS INC CHAI · 13G · filed 2026-08-14	CHAI	10.0%≈ $1.6m	new	13G	2026-08-14
SOLIDION TECHNOLOGY INC STI · 13G · filed 2026-08-14	STI	10.0%≈ $7.9m	new	13G	2026-08-14
DUOS TECHNOLOGIES GROUP INC DUOT · 13G · filed 2026-08-14	DUOT	10.0%≈ $41.5m	+3.5 pts	13G	2026-08-14
POP CULTURE GROUP CO LTD CPOP · 13G · filed 2026-08-14	CPOP	10.0%	new	13G	2026-08-14
VENHUB GLOBAL INC VHUB · 13G · filed 2026-05-15	VHUB	10.0%≈ $8.9m	new	13G	2026-05-15
TITAN MNG CORP TII · 13G · filed 2026-05-15	TII	10.0%≈ $20.0m	+2.7 pts	13G	2026-05-15
KIORA PHARMACEUTICALS INC KPRX · 13G · filed 2026-05-15	KPRX	10.0%≈ $1.0m	+7.5 pts	13G	2026-05-15
METAVIA INC MTVA · 13G · filed 2026-05-15	MTVA	10.0%≈ $727.3k	new	13G	2026-05-15
QT IMAGING HLDGS INC 13G · filed 2026-02-17		10.0%	new	13G	2026-02-17
STRIVE INC 13G · filed 2025-11-14		10.0%	new	13G	2025-11-14
INTELLIGENT BIO SOLUTIONS IN 13G · filed 2025-11-14		10.0%		13G	2025-11-14
ALIGOS THERAPEUTICS INC ALGS · 13G · filed 2025-05-15	ALGS	10.0%≈ $3.1m	new	13G	2025-05-15
SUNCRETE INC RMIX · 13G · filed 2026-08-14	RMIX	9.9%≈ $105.8m	new	13G	2026-08-14
EINRIDE AB ENRD · 13G · filed 2026-08-14	ENRD	9.9%	new	13G	2026-08-14
MERLIN INC MRLN · 13G · filed 2026-05-15	MRLN	9.9%≈ $47.5m	new	13G	2026-05-15
EAGLE NUCLEAR ENERGY CORP NUCL · 13G · filed 2026-05-15	NUCL	9.9%≈ $28.1m	new	13G	2026-05-15
BRAZIL POTASH CORP GRO · 13G · filed 2026-02-17	GRO	9.9%≈ $11.4m	new	13G	2026-02-17
ADAGIO MED HLDGS INC ADGM · 13G · filed 2026-02-17	ADGM	9.9%≈ $1.4m	new	13G	2026-02-17
VERU INC VERU · 13G · filed 2026-02-17	VERU	9.9%≈ $5.0m	new	13G	2026-02-17
IN8BIO INC INAB · 13G · filed 2026-02-17	INAB	9.9%≈ $1.4m	new	13G	2026-02-17
PSQ HOLDINGS INC 13G · filed 2026-02-17		9.9%≈ $1.8m	+4.3 pts	13G	2026-02-17
MARKER THERAPEUTICS INC MRKR · 13G · filed 2025-11-14	MRKR	9.9%≈ $1.9m	-0.1 pts	13G	2025-11-14
KODIAK AI INC. KDK · 13G · filed 2025-11-14	KDK	9.9%≈ $92.0m	new	13G	2025-11-14
ARBE ROBOTICS LTD ARBE · 13G · filed 2025-11-14	ARBE	9.9%≈ $8.7m	+0.2 pts	13G	2025-11-14
GORILLA TECHNOLOGY GROUP INC GRRR · 13G · filed 2025-08-14	GRRR	9.9%≈ $44.6m	new	13G	2025-08-14