Vault-13

AMICUS THERAPEUTICS INC FOLD

COM · Common Stock · CUSIP 03152W109 · ISIN US03152W1099

332 institutional holders +44 vs Q3 2025
320,324,578320.3m shares reported held*
$4.6bnreported value*
80 new 111 added 86 reduced 45 sold out net sold ≈ $35.4m (-2.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($10.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.23. Options: 14 managers hold calls ($18.8m notional), 11 hold puts ($23.1m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 223Q4 22: 231Q1 23: 228Q2 23: 218Q3 23: 231Q4 23: 230Q1 24: 256Q2 24: 261Q3 24: 294Q4 24: 291Q1 25: 290Q2 25: 274Q3 25: 288Q4 25: 332332Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022223
Q4 2022231
Q1 2023228
Q2 2023218
Q3 2023231
Q4 2023230
Q1 2024256
Q2 2024261
Q3 2024294
Q4 2024291
Q1 2025290
Q2 2025274
Q3 2025288
Q4 2025332

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q1 24: 134 bought or addedQ1 24: 93 cut or sold outQ2 24: 138 bought or addedQ2 24: 106 cut or sold outQ2 24Q3 24: 147 bought or addedQ3 24: 118 cut or sold outQ4 24: 134 bought or addedQ4 24: 144 cut or sold outQ4 24Q1 25: 152 bought or addedQ1 25: 126 cut or sold outQ2 25: 151 bought or addedQ2 25: 131 cut or sold outQ2 25Q3 25: 157 bought or addedQ3 25: 124 cut or sold outQ4 25: 191 bought or addedQ4 25: 131 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202413493
Q2 2024138106
Q3 2024147118
Q4 2024134144
Q1 2025152126
Q2 2025151131
Q3 2025157124
Q4 2025191131

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30mQ1 25 calls: $3.2mQ1 25 puts: $5.0mQ1 25P/C 1.57Q2 25 calls: $2.4mQ2 25 puts: $1.6mQ2 25P/C 0.65Q3 25 calls: $9.4mQ3 25 puts: $9.2mQ3 25P/C 0.98Q4 25 calls: $18.8mQ4 25 puts: $23.1mQ4 25P/C 1.23
Numbers
QuarterCallsPutsP/C
Q1 2025$3.2m$5.0m1.57
Q2 2025$2.4m$1.6m0.65
Q3 2025$9.4m$9.2m0.98
Q4 2025$18.8m$23.1m1.23

Biggest buyers

HBK INVESTMENTS L P New +15,250,000+15.2m
Pentwater Capital Management LP New +11,500,000+11.5m
Bellevue Group AG New +10,735,195+10.7m
BlackRock, Inc. Added +6,675,416+6.7m
SOROS FUND MANAGEMENT LLC New +5,000,000+5.0m
UBS Group AG Added +4,162,433+4.2m
Magnetar Financial LLC New +3,967,915+4.0m
Balyasny Asset Management L.P. Added +3,747,363+3.7m
STATE STREET CORP Added +3,270,375+3.3m
KRYGER CAPITAL Ltd New +2,994,400+3.0m

Biggest sellers

WELLINGTON MANAGEMENT GROUP LLP Reduced -27,254,962-27.3m
Avoro Capital Advisors LLC Sold out -15,025,000-15.0m
Vestal Point Capital, LP Sold out -9,750,000-9.8m
MILLENNIUM MANAGEMENT LLC Reduced -8,814,707-8.8m
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Reduced -5,121,523-5.1m
Point72 Asset Management, L.P. Reduced -5,088,103-5.1m
Pictet Asset Management Holding SA Reduced -4,793,309-4.8m
MACQUARIE GROUP LTD Sold out -4,560,810-4.6m
BANK OF AMERICA CORP /DE/ Reduced -3,670,829-3.7m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -3,583,214-3.6m

Biggest calls

WATER ISLAND CAPITAL LLC New $6.4m451.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.3m372.9k shares
Caption Management, LLC Added $1.7m120.0k shares
CITIGROUP INC New $1.4m100.0k shares
Balyasny Asset Management L.P. New $847.3k59.5k shares
MILLENNIUM MANAGEMENT LLC Reduced $712.0k50.0k shares
Walleye Trading LLC Added $565.3k39.7k shares
TUDOR INVESTMENT CORP ET AL New $534.0k37.5k shares
JANE STREET GROUP, LLC Added $387.3k27.2k shares
GROUP ONE TRADING LLC Added $323.2k22.7k shares

Biggest puts

LMR Partners LLP New $7.1m500.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.4m450.2k shares
Walleye Trading LLC Added $4.0m282.8k shares
JANE STREET GROUP, LLC Added $2.3m158.2k shares
CITIGROUP INC New $1.4m100.0k shares
GROUP ONE TRADING LLC Reduced $591.0k41.5k shares
TUDOR INVESTMENT CORP ET AL New $534.0k37.5k shares
SIMPLEX TRADING, LLC Reduced $303.3k21.3k shares
CITADEL ADVISORS LLC Reduced $199.4k14.0k shares
LPL Financial LLC New $142.4k10.0k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution -1.9 pts · filed 2025-04-23 7.4% -1.9 pts 22.8m 2025-04-23
BARCLAYS PLC 13G · institution new · filed 2026-05-14 5.7% new 17.8m 2026-05-14
UBS Group AG 13G · institution new · filed 2026-05-07 5.5% new 17.1m 2026-05-07
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 5.2% new 16.4m 2026-04-29

Fell to 5% or below in the last year: GOLDMAN SACHS GROUP INC (0.0%, 2026-08-12), GLAZER CAPITAL, LLC (0.0%, 2026-05-01), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC), WELLINGTON MANAGEMENT GROUP LLP (0.4%, 2026-02-10), WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC (3.4%, 2026-02-09), Avoro Capital Advisors LLC (4.9%, 2025-11-14)

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.01% of their portfolio New York, NY 32,524,38132.5m $463.1m $463.1m 0.01% Added +6.7m +6,675,416
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 29,702,69629.7m $423.0m $423.0m 0.01% Added +168.7k +168,667
3 HBK INVESTMENTS L P 2.35% of their portfolio DALLAS, TX 15,250,00015.2m $217.2m $217.2m 2.35% New
4 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 14,833,31414.8m $211.2m $211.2m 0.01% Added +3.3m +3,270,375
5 Pentwater Capital Management LP 1.18% of their portfolio Naples, FL 11,500,00011.5m $163.8m $163.8m 1.18% New
6 Bellevue Group AG 2.90% of their portfolio ZURICH, V8 10,735,19510.7m $152.9m $152.9m 2.90% New
7 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.42% of their portfolio CHICAGO, IL 10,627,71710.6m $151.3m $151.3m 0.42% Reduced -5.1m -5,121,523
8 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 7,345,2677.3m $104.6m $104.6m 0.01% Added +246.2k +246,174
9 PERCEPTIVE ADVISORS LLC 1.66% of their portfolio NEW YORK, NY 6,370,8516.4m $90.7m $90.7m 1.66% Unchanged
10 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 6,142,9566.1m $87.5m $87.5m 0.01% Added +2.4m +2,358,738
11 UBS Group AG 0.02% of their portfolio ZURICH, V8 5,893,2885.9m $83.9m $83.9m 0.02% Added +4.2m +4,162,433
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,479,6895.5m $78.0m $78.0m 0.00% Added +2.3m +2,281,019
13 Soleus Capital Management, L.P. 3.15% of their portfolio GREENWICH, CT 5,207,2845.2m $74.2m $74.2m 3.15% Added +517.3k +517,284
14 Palo Alto Investors LP 10.32% of their portfolio PALO ALTO, CA 5,205,7675.2m $74.1m $74.1m 10.32% Reduced -162.0k -162,031
15 Balyasny Asset Management L.P. 0.14% of their portfolio Chicago, IL 5,124,4275.1m $73.0m $73.0m 0.14% Added +3.7m +3,747,363
16 CITADEL ADVISORS LLC 0.05% of their portfolio MIAMI, FL 5,096,7965.1m $72.6m $72.6m 0.05% Reduced -3.2m -3,153,344
17 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.11% of their portfolio PHILADELPHIA, PA 5,069,5905.1m $72.2m $72.2m 0.11% First filing
18 SOROS FUND MANAGEMENT LLC 0.95% of their portfolio NEW YORK, NY 5,000,0005.0m $71.2m $71.2m 0.95% New
19 Nuveen, LLC 0.02% of their portfolio CHARLOTTE, NC 4,628,2254.6m $65.9m $65.9m 0.02% Added +5.8k +5,828
20 Qube Research & Technologies Ltd 0.09% of their portfolio LONDON, X0 4,434,6794.4m $63.1m $63.1m 0.09% Added +2.7m +2,685,100
21 Magnetar Financial LLC 0.55% of their portfolio EVANSTON, IL 3,967,9154.0m $56.5m $56.5m 0.55% New
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,717,3633.7m $52.9m $52.9m 0.00% Reduced -515.0k -514,969
23 RICE HALL JAMES & ASSOCIATES, LLC 2.75% of their portfolio San Diego, CA 3,509,5713.5m $50.0m $50.0m 2.75% Added +74.9k +74,854
24 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 3,457,2283.5m $49.2m $49.2m 0.02% Added +976.6k +976,630
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,438,2413.4m $49.0m $49.0m 0.00% Reduced -3.7m -3,670,829
26 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 2,995,0893.0m $42.7m $42.7m 0.03% Reduced -8.8m -8,814,707
27 KRYGER CAPITAL Ltd 3.29% of their portfolio LONDON, X0 2,994,4003.0m $42.6m $42.6m 3.29% New
28 TIG Advisors, LLC 2.01% of their portfolio New York, NY 2,927,4242.9m $41.7m $41.7m 2.01% New
29 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 2,711,4432.7m $38.6m $38.6m 0.01% Added +2.3m +2,349,014
30 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 2,644,2132.6m $37.7m $37.7m 0.00% Reduced -693.2k -693,162
31 Blackstone Inc. 0.16% of their portfolio NEW YORK, NY 2,574,2042.6m $36.7m $36.7m 0.16% Added +107.1k +107,100
32 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 2,561,7532.6m $36.5m $36.5m 0.01% Reduced -190.3k -190,345
33 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 2,251,7102.3m $32.1m $32.1m 0.02% Added +434.7k +434,700
34 Point72 Asset Management, L.P. 0.05% of their portfolio STAMFORD, CT 2,068,4542.1m $29.5m $29.5m 0.05% Reduced -5.1m -5,088,103
35 Pictet Asset Management Holding SA 0.03% of their portfolio CAROUGE, V8 1,994,8552.0m $28.4m $28.4m 0.03% Reduced -4.8m -4,793,309
36 AQR Arbitrage LLC 0.59% of their portfolio Greenwich, CT 1,983,1092.0m $28.2m $28.2m 0.59% New
37 Rock Springs Capital Management LP 1.41% of their portfolio Baltimore, MD 1,929,9311.9m $27.5m $27.5m 1.41% Reduced -17.4k -17,443
38 Weiss Asset Management LP 0.38% of their portfolio BOSTON, MA 1,892,7971.9m $27.0m $27.0m 0.38% Not comparable
39 CAPSTONE INVESTMENT ADVISORS, LLC 0.21% of their portfolio NEW YORK, NY 1,850,0001.9m $26.3m $26.3m 0.21% Added +1.8m +1,806,066
40 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio Boston, MA 1,650,0001.6m $23.5m $23.5m 0.04% New
41 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 1,648,5471.6m $23.5m $23.5m 0.02% Added +1.5m +1,536,288
42 Sand Grove Capital Management LLP 7.95% of their portfolio LONDON, X0 1,647,0301.6m $23.5m $23.5m 7.95% New
43 GLAZER CAPITAL, LLC 0.60% of their portfolio New York, NY 1,603,7881.6m $22.8m $22.8m 0.60% New
44 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 1,549,0031.5m $22.1m $22.1m 0.02% Reduced -2.3m -2,319,207
45 Parkman Healthcare Partners LLC 2.02% of their portfolio STAMFORD, CT 1,487,2831.5m $21.2m $21.2m 2.02% Reduced -200.0k -200,035
46 Allianz Asset Management GmbH 0.02% of their portfolio MUNICH, 2M 1,486,9961.5m $21.2m $21.2m 0.02% Added +1.1m +1,097,887
47 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 1,473,3411.5m $21.0m $21.0m 0.03% Added +498.5k +498,466
48 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,373,8671.4m $19.6m $19.6m 0.00% Reduced -27.3m -27,254,962
49 Stephens Investment Management Group LLC 0.25% of their portfolio LITTLE ROCK, AR 1,351,8141.4m $19.2m $19.2m 0.25% Added +91.2k +91,180
50 Woodline Partners LP 0.07% of their portfolio San Francisco, CA 1,285,2001.3m $18.3m $18.3m 0.07% Added +174.8k +174,818
51 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,259,2251.3m $17.9m $17.9m 0.00% Added +797.3k +797,255
52 Connor, Clark & Lunn Investment Management Ltd. 0.05% of their portfolio VANCOUVER, A1 1,218,0001.2m $17.3m $17.3m 0.05% Reduced -801.6k -801,556
53 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 1,211,6931.2m $17.3m $17.3m 0.03% Reduced -731.5k -731,478
54 NORGES BANK 0.00% of their portfolio OSLO, Q8 1,165,0281.2m $16.6m $16.6m 0.00% Not comparable
55 LMR Partners LLP 0.16% of their portfolio LONDON, X0 1,157,2001.2m $16.5m $16.5m 0.16% New
56 Prosight Management, LP 3.38% of their portfolio DALLAS, TX 1,150,0001.1m $16.4m $16.4m 3.38% Reduced -559.5k -559,533
57 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 1,134,6391.1m $16.2m $16.2m 0.01% Added +165.1k +165,117
58 First Trust Capital Management L.P. 0.94% of their portfolio CHICAGO, IL 1,088,7211.1m $15.5m $15.5m 0.94% New
59 Susquehanna Portfolio Strategies, LLC 0.24% of their portfolio Bala Cynwyd, PA 1,075,3231.1m $15.3m $15.3m 0.24% Unchanged
60 PSquared Asset Management AG 6.99% of their portfolio ZURICH, V8 1,050,0001.1m $15.0m $15.0m 6.99% New
61 Trails Edge Capital Partners, LP 3.67% of their portfolio ATLANTA, GA 1,043,3131.0m $14.9m $14.9m 3.67% First filing
62 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.38% of their portfolio CHICAGO, IL 1,000,0001.0m $14.2m $14.2m 0.38% Not comparable
63 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 966,795966.8k $13.8m $13.8m 0.01% Added +562.2k +562,215
64 FIL Ltd 0.01% of their portfolio HAMILTON, D0 957,000957.0k $13.6m $13.6m 0.01% New
65 ALPINE ASSOCIATES MANAGEMENT INC. 0.91% of their portfolio PALM BEACH, FL 949,200949.2k $13.5m $13.5m 0.91% New
66 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.09% of their portfolio NEW YORK, NY 945,628945.6k $13.5m $13.5m 0.09% Added +1.2k +1,173
67 Alberta Investment Management Corp 0.08% of their portfolio EDMONTON, A0 939,200939.2k $13.4m $13.4m 0.08% New
68 TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio STAMFORD, CT 900,000900.0k $12.8m $12.8m 0.07% Added +731.0k +731,016
69 Versor Investments LP 1.93% of their portfolio New York, NY 871,234871.2k $12.4m $12.4m 1.93% New
70 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 857,834857.8k $12.2m $12.2m 0.00% Added +34.9k +34,903
71 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 829,904829.9k $11.8m $11.8m 0.00% Added +10.4k +10,425
72 683 Capital Management, LLC 0.95% of their portfolio NEW YORK, NY 800,000800.0k $11.4m $11.4m 0.95% Reduced -35.0k -35,000
73 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio TORONTO, A6 800,000800.0k $11.4m $11.4m 0.02% Added +739.1k +739,143
74 Maven Securities LTD 1.43% of their portfolio ST HELIER, Y9 789,282789.3k $11.2m $11.2m 1.43% New
75 Sovereign's Capital Management, LLC 6.78% of their portfolio Atlanta, GA 784,942784.9k $11.2m $11.2m 6.78% Reduced -49.5k -49,487
76 ORBIMED ADVISORS LLC 0.21% of their portfolio New York, NY 729,900729.9k $10.4m $10.4m 0.21% Reduced -915.5k -915,500
77 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 726,797726.8k $10.3m $10.3m 0.01% Reduced -586.6k -586,576
78 WATER ISLAND CAPITAL LLC 1.23% of their portfolio NEW YORK, NY 706,617706.6k $10.1m $10.1m 1.23% New
79 SPHERA FUNDS MANAGEMENT LTD. 1.96% of their portfolio TEL AVIV, L3 658,377658.4k $9.4m $9.4m 1.96% Reduced -332.8k -332,765
80 Verition Fund Management LLC 0.05% of their portfolio GREENWICH, CT 649,562649.6k $9.2m $9.2m 0.05% Added +499.5k +499,506
81 Hudson Bay Capital Management LP 0.05% of their portfolio STAMFORD, CT 622,500622.5k $8.9m $8.9m 0.05% Reduced -1.5m -1,452,500
82 PICTON MAHONEY ASSET MANAGEMENT 0.10% of their portfolio Toronto, A6 615,168615.2k $8.8m $8.8m 0.10% New
83 Jump Financial, LLC 0.11% of their portfolio Chicago, IL 609,941609.9k $8.7m $8.7m 0.11% Reduced -369.9k -369,859
84 Athos Capital Ltd 3.43% of their portfolio HONG KONG, K3 600,000600.0k $8.5m $8.5m 3.43% New
85 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 590,676590.7k $8.4m $8.4m 0.02% Added +245.3k +245,300
86 PRIMECAP MANAGEMENT CO/CA/ 0.01% of their portfolio PASADENA, CA 589,400589.4k $8.4m $8.4m 0.01% Reduced -78.5k -78,500
87 ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio Boston, MA 576,762576.8k $8.2m $8.2m 0.01% Added +446.3k +446,330
88 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio JUPITER, FL 561,133561.1k $8.0m $8.0m 0.03% Reduced -125.2k -125,211
89 GABELLI FUNDS LLC 0.05% of their portfolio Rye, NY 552,950553.0k $7.9m $7.9m 0.05% New
90 Swiss National Bank 0.00% of their portfolio ZURICH, V8 547,000547.0k $7.8m $7.8m 0.00% Added +69.3k +69,300
91 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 533,507533.5k $7.6m $7.6m 0.01% Added +376.8k +376,840
92 Meteora Capital, LLC 0.61% of their portfolio Boca Raton, FL 507,951508.0k $7.2m $7.2m 0.61% New
93 Rafferty Asset Management, LLC 0.02% of their portfolio New York, NY 493,088493.1k $7.0m $7.0m 0.02% Added +114.4k +114,359
94 GABELLI & Co INVESTMENT ADVISERS, INC. 1.04% of their portfolio Rye, NY 485,950485.9k $6.9m $6.9m 1.04% New
95 ABC ARBITRAGE SA 0.63% of their portfolio PARIS, I0 472,984473.0k $6.7m $6.7m 0.63% New
96 PDT Partners, LLC 0.42% of their portfolio New York, NY 449,999450.0k $6.4m $6.4m 0.42% Reduced -56.1k -56,053
97 Neo Ivy Capital Management 0.95% of their portfolio NEW YORK, NY 420,275420.3k $6.0m $6.0m 0.95% Added +371.0k +371,011
98 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 402,405402.4k $5.7m $5.7m 0.00% Added +21.4k +21,382
99 Chicago Capital Management, LLC 2.92% of their portfolio CHICAGO, IL 400,000400.0k $4.3m $4.3m 2.92% New
100 Man Group plc 0.01% of their portfolio LONDON, X0 400,000400.0k $5.7m $5.7m 0.01% New