Vault-13

CALIFORNIA BANCORP BCAL

COM · Common Stock · CUSIP 84252A106

146 institutional holders -9 vs Q1 2026
22,643,46922.6m shares reported held*
70.4% of all shares outstanding*
$465.9mreported value*
13 new 67 added 39 reduced 19 sold out net bought ≈ $18.2m (+874.8k 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 ($3.6m this quarter). Holder counts are more reliable. Shares outstanding: 32.2m as of 2026-08-04, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $20.58.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 2Q4 22: 2Q1 23: 2Q2 23: 27Q3 23: 38Q4 23: 43Q1 24: 50Q2 24: 61Q3 24: 97Q4 24: 101Q1 25: 106Q2 25: 112Q3 25: 118Q4 25: 146Q1 26: 155Q2 26: 146146Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 20222
Q4 20222
Q1 20232
Q2 202327
Q3 202338
Q4 202343
Q1 202450
Q2 202461
Q3 202497
Q4 2024101
Q1 2025106
Q2 2025112
Q3 2025118
Q4 2025146
Q1 2026155
Q2 2026146

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 78 bought or addedQ3 24: 10 cut or sold outQ4 24: 48 bought or addedQ4 24: 30 cut or sold outQ4 24Q1 25: 44 bought or addedQ1 25: 46 cut or sold outQ2 25: 49 bought or addedQ2 25: 49 cut or sold outQ2 25Q3 25: 54 bought or addedQ3 25: 38 cut or sold outQ4 25: 82 bought or addedQ4 25: 37 cut or sold outQ4 25Q1 26: 86 bought or addedQ1 26: 49 cut or sold outQ2 26: 80 bought or addedQ2 26: 58 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20247810
Q4 20244830
Q1 20254446
Q2 20254949
Q3 20255438
Q4 20258237
Q1 20268649
Q2 20268058

Biggest buyers

BlackRock, Inc. Added +467,195+467.2k
ALGEBRIS (UK) LTD Added +275,937+275.9k
Stieven Capital Advisors, L.P. New +252,843+252.8k
AMERICAN CENTURY COMPANIES INC Added +224,040+224.0k
DIMENSIONAL FUND ADVISORS LP Added +159,863+159.9k
TWO SIGMA INVESTMENTS, LP Added +123,472+123.5k
STATE STREET CORP Added +80,312+80.3k
PRUDENTIAL FINANCIAL INC Added +79,790+79.8k
GEODE CAPITAL MANAGEMENT, LLC Added +76,111+76.1k
VANGUARD PORTFOLIO MANAGEMENT LLC Added +69,781+69.8k

Biggest sellers

WELLINGTON MANAGEMENT GROUP LLP Reduced -240,206-240.2k
ALLIANCEBERNSTEIN L.P. Reduced -196,265-196.3k
ENDEAVOUR CAPITAL ADVISORS INC Reduced -163,486-163.5k
MENDON CAPITAL ADVISORS CORP Reduced -131,229-131.2k
Curi Capital, LLC Reduced -121,665-121.7k
Point72 Asset Management, L.P. Sold out -68,118-68.1k
MILLENNIUM MANAGEMENT LLC Sold out -67,836-67.8k
Y-Intercept (Hong Kong) Ltd Sold out -56,251-56.3k
AMERIPRISE FINANCIAL INC Sold out -55,100-55.1k
GOLDMAN SACHS GROUP INC Reduced -53,660-53.7k

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
WELLINGTON MANAGEMENT GROUP LLP 13G · institution -1.3 pts · filed 2026-08-13 7.6% -1.3 pts 2.4m≈ $51.0m 2026-08-13
FJ Capital Management LLC 13G · passive investor new · filed 2026-01-29 6.3% new 2.1m≈ $42.8m 2026-01-29
ALLIANCEBERNSTEIN L.P. 13G · institution -1.2 pts · filed 2026-08-14 6.1% -1.2 pts 2.0m≈ $40.7m 2026-08-14
BlackRock, Inc. 13G · institution new · filed 2026-07-27 5.6% new 1.8m≈ $37.3m 2026-07-27
ENDEAVOUR CAPITAL ADVISORS INC 13G · institution filed 2026-02-13 5.4% 1.8m≈ $36.8m 2026-02-13

Fell to 5% or below in the last year: Castle Creek Capital Partners VI, LP (4.7%, 2026-02-10), Fourthstone LLC (4.0%, 2025-11-14)

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
202Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 1 sellingQ1 26Q2 26: 0 buyingQ2 26: 2 sellingQ3 26: 1 buyingQ3 26: 1 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—1$143.2k—
Q2 20260—2$1.8m—
Q3 20261$10.0k1$158.9k—
DateInsiderTradeSharesPrice ValueTheir holding
2026-09-04 Muller Frank L. Director · By spouse Bought 450 $22.13 $10.0k450 shares +23%
2026-07-31 Machado Lester Director Sold 7,500 $21.19 $158.9k7.5k shares -25%
2026-05-08 Hernandez Richard President Sold 17,000 $19.12 $325.0k17.0k shares -19%
2026-05-07 Rainer David I Executive Chairman, director · DAVID AND ANNE RAINER TRUST U/A DTD 05/07/1997 Sold 75,000 $19.00 $1.4m75.0k shares -17%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 2,447,2782.4m $51.0m $51.0m 0.01% Reduced -240.2k -240,206
2 FJ Capital Management LLC 5.56% of their portfolio MCLEAN, VA 2,054,5342.1m $42.8m $42.8m 5.56% Unchanged
3 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 1,952,1312.0m $34.6m $34.6m 0.01% Reduced -196.3k -196,265
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,925,5991.9m $40.1m $40.1m 0.00% Added +467.2k +467,195
5 ENDEAVOUR CAPITAL ADVISORS INC 7.08% of their portfolio GREENWICH, CT 1,655,6391.7m $34.5m $34.5m 7.08% Reduced -163.5k -163,486
6 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 1,104,2601.1m $23.0m $23.0m 0.00% Added +58.5k +58,473
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 850,362850.4k $17.8m $17.8m 0.00% Added +80.3k +80,312
8 BANC FUNDS CO LLC 2.81% of their portfolio CHICAGO, IL 816,155816.2k $17.0m $17.0m 2.81% Reduced -15.0k -15,000
9 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 791,794791.8k $16.5m $16.5m 0.01% Reduced -3.5k -3,515
10 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 631,917631.9k $13.2m $13.2m 0.00% Added +76.1k +76,111
11 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 630,055630.1k $13.1m $13.1m 0.00% Added +159.9k +159,863
12 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 591,957592.0k $12.3m $12.3m 0.01% Added +224.0k +224,040
13 KENNEDY CAPITAL MANAGEMENT LLC 0.16% of their portfolio ST LOUIS, MO 441,542441.5k $9.2m $9.2m 0.16% Added +10.9k +10,923
14 ALGEBRIS (UK) LTD 0.55% of their portfolio London, X0 402,410402.4k $8.4m $8.4m 0.55% Added +275.9k +275,937
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 302,926302.9k $6.3m $6.3m 0.00% Added +32.9k +32,880
16 Elizabeth Park Capital Advisors, Ltd. 4.03% of their portfolio PEPPER PIKE, OH 279,630279.6k $5.8m $5.8m 4.03% Added +25.1k +25,052
17 MENDON CAPITAL ADVISORS CORP 2.01% of their portfolio KEY LARGO, FL 273,140273.1k $5.7m $5.7m 2.01% Reduced -131.2k -131,229
18 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 254,651254.7k $5.3m $5.3m 0.01% Added +79.8k +79,790
19 Stieven Capital Advisors, L.P. 1.01% of their portfolio ST. LOUIS, MO 252,843252.8k $5.3m $5.3m 1.01% New
20 Curi Capital, LLC 0.07% of their portfolio CHICAGO, IL 225,000225.0k $4.7m $4.7m 0.07% Reduced -121.7k -121,665
21 ALGERT GLOBAL LLC 0.06% of their portfolio SAN FRANCISCO, CA 223,529223.5k $4.7m $4.7m 0.06% Added +45.7k +45,669
22 VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 222,304222.3k $4.6m $4.6m 0.00% Added +69.8k +69,781
23 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 221,501221.5k $4.6m $4.6m 0.00% Added +32.9k +32,855
24 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.08% of their portfolio HOUSTON, TX 213,457213.5k $4.4m $4.4m 0.08% Added +10.6k +10,630
25 Petiole USA ltd 2.84% of their portfolio New York, NY 189,804189.8k $4.0m $4.0m 2.84% Reduced -2.5k -2,500
26 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 186,346186.3k $3.9m $3.9m 0.00% Added +123.5k +123,472
27 Maloon Powers Pitre Higgins & Dennehy, LLC 1.22% of their portfolio SAN RAMON, CA 170,396170.4k $3.6m $3.6m 1.22% First filing
28 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 169,757169.8k $3.5m $3.5m 0.00% Added +1.1k +1,146
29 Siena Capital Partners GP, LLC 0.79% of their portfolio EVANSTON, IL 156,362156.4k $3.3m $3.3m 0.79% Reduced -52.2k -52,194
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 152,117152.1k $3.2m $3.2m 0.00% Added +68.1k +68,139
31 Empowered Funds, LLC 0.02% of their portfolio NEWTOWN SQUARE, PA 150,757150.8k $3.1m $3.1m 0.02% Added +10.6k +10,630
32 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 150,381150.4k $3.1m $3.1m 0.00% Added +5.4k +5,378
33 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 114,240114.2k $2.4m $2.4m 0.00% Added +21.9k +21,853
34 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 112,548112.5k $2.3m $2.3m 0.00% Added +45.7k +45,729
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 104,200104.2k $2.2m $2.2m 0.00% Reduced -53.7k -53,660
36 HENNESSY ADVISORS INC 0.06% of their portfolio NOVATO, CA 97,00097.0k $2.0m $2.0m 0.06% Reduced -8.0k -8,000
37 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 89,60689.6k $1.9m $1.9m 0.00% Added +192 +192
38 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 84,99685.0k $1.8m $1.8m 0.00% Added +2.5k +2,473
39 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 83,22383.2k $1.7m $1.7m 0.00% Added +13.0k +13,032
40 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 73,00873.0k $1.5m $1.5m 0.00% Added +13.7k +13,718
41 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 70,43870.4k $1.5m $1.5m 0.00% Reduced -19.1k -19,128
42 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 67,80467.8k $1.4m $1.4m 0.00% Added +18.7k +18,656
43 Man Group plc 0.00% of their portfolio LONDON, X0 65,67565.7k $1.4m $1.4m 0.00% Added +9.3k +9,331
44 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 63,68063.7k $1.3m $1.3m 0.01% Added +79 +79
45 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 60,54160.5k $1.3m $1.3m 0.00% Reduced -4.1k -4,132
46 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 55,67955.7k $1.2m $1.2m 0.00% Added +35.7k +35,664
47 PFG Advisors 0.06% of their portfolio Phoenix, AZ 54,45054.5k $1.1m $1.1m 0.06% Unchanged
48 Robertson Stephens Wealth Management, LLC 0.03% of their portfolio San Francisco, CA 53,57953.6k $1.1m $1.1m 0.03% Unchanged
49 UBS Group AG 0.00% of their portfolio ZURICH, V8 52,31952.3k $1.1m $1.1m 0.00% Reduced -5.3k -5,342
50 PINNACLE ASSOCIATES LTD 0.01% of their portfolio NEW YORK, NY 51,44351.4k $1.1m $1.1m 0.01% Added +1.4k +1,430
51 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 48,96449.0k $1.0m $1.0m 0.00% Added +3.3k +3,276
52 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 48,77148.8k $1.0m $1.0m 0.00% Reduced -45.7k -45,703
53 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 45,13945.1k $940.7k $940.7k 0.00% Added +12.2k +12,153
54 Pacific Ridge Capital Partners, LLC 0.16% of their portfolio LAKE OSWEGO, OR 42,26342.3k $880.8k $880.8k 0.16% Reduced -486 -486
55 HoldCo Asset Management, LP 0.05% of their portfolio FORT LAUDERDALE, FL 40,53140.5k $844.7k $844.7k 0.05% Unchanged
56 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 38,43038.4k $800.9k $800.9k 0.00% Reduced -1.5k -1,521
57 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 37,18737.2k $774.0k $774.0k 0.00% Added +26.8k +26,829
58 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 36,16236.2k $753.6k $753.6k 0.00% Added +31.0k +30,970
59 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 35,80235.8k $746.1k $746.1k 0.00% Added +18.9k +18,936
60 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 35,20035.2k $733.6k $733.6k 0.00% Added +4.7k +4,700
61 VANCE WEALTH, LLC 0.17% of their portfolio SANTA CLARITA, CA 35,13335.1k $735.7k $735.7k 0.17% Unchanged
62 Fiduciary Trust Co 0.01% of their portfolio Boston, MA 32,65032.6k $680.4k $680.4k 0.01% Added +3.4k +3,361
63 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 32,49732.5k $677.2k $677.2k 0.00% Added +709 +709
64 Mariner, LLC 0.00% of their portfolio Overland Park, KS 31,65131.7k $659.6k $659.6k 0.00% Reduced -264 -264
65 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 30,17030.2k $628.7k $628.7k 0.00% Added +8.7k +8,650
66 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 29,88729.9k $622.8k $622.8k 0.00% Added +9.8k +9,849
67 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 29,81329.8k $621.3k $621.3k 0.00% Added +7.5k +7,482
68 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 29,14629.1k $607.4k $607.4k 0.00% Added +17.8k +17,843
69 ALPS ADVISORS INC 0.00% of their portfolio Denver, CO 28,62328.6k $596.5k $596.5k 0.00% Added +353 +353
70 MONOGRAPH WEALTH ADVISORS, LLC 0.05% of their portfolio MANHATTAN BEACH, CA 28,00028.0k $586.3k $586.3k 0.05% Unchanged
71 Keystone Wealth Services, LLC 0.11% of their portfolio PALM DESERT, CA 27,82427.8k $579.9k $579.9k 0.11% Unchanged
72 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 26,26126.3k $547.3k $547.3k 0.00% Reduced -2.8k -2,842
73 EJF Capital LP 0.36% of their portfolio Arlington, VA 25,87725.9k $539.3k $539.3k 0.36% Reduced -541 -541
74 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 25,53125.5k $532.1k $532.1k 0.00% Added +8.9k +8,889
75 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 25,36925.4k $528.7k $528.7k 0.00% New
76 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 25,02425.0k $521.5k $521.5k 0.00% Added +1.2k +1,163
77 ELCO Management Co., LLC 0.21% of their portfolio New York, NY 23,14023.1k $482.2k $482.2k 0.21% Reduced -2.8k -2,784
78 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 23,01823.0k $479.7k $479.7k 0.00% Added +15.8k +15,782
79 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 22,20422.2k $462.7k $462.7k 0.00% Reduced -400 -400
80 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 21,92621.9k $456.9k $456.9k 0.00% Added +13.5k +13,479
81 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 21,78321.8k $454.0k $454.0k 0.00% Added +6.5k +6,468
82 Navalign, LLC 0.11% of their portfolio ENCINO, CA 21,73121.7k $452.9k $452.9k 0.11% Reduced -1.1k -1,069
83 EntryPoint Capital, LLC 0.11% of their portfolio NEW YORK, NY 21,39521.4k $445.9k $445.9k 0.11% Unchanged
84 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 21,28121.3k $443.5k $443.5k 0.00% Unchanged
85 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio BALA CYNWYD, PA 16,56516.6k $345.2k $345.2k 0.01% Reduced -18.9k -18,855
86 SEIZERT CAPITAL PARTNERS, LLC 0.01% of their portfolio BIRMINGHAM, MI 16,44216.4k $342.7k $342.7k 0.01% New
87 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 16,25216.3k $338.7k $338.7k 0.00% Reduced -29.0k -28,998
88 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 15,92515.9k $331.9k $331.9k 0.00% Added +1.6k +1,596
89 Rafferty Asset Management, LLC 0.00% of their portfolio New York, NY 14,94014.9k $311.4k $311.4k 0.00% Reduced -9.6k -9,566
90 ASPIRIANT, LLC 0.01% of their portfolio San Francisco, CA 13,91213.9k $289.9k $289.9k 0.01% Unchanged
91 WOODWARD DIVERSIFIED CAPITAL, LLC 0.13% of their portfolio BAKERSFIELD, CA 13,64713.6k $284.4k $284.4k 0.13% Unchanged
92 Creekside Partners 0.10% of their portfolio PETALUMA, CA 12,83912.8k $267.6k $267.6k 0.10% Unchanged
93 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 12,39912.4k $258.4k $258.4k 0.00% Unchanged
94 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 12,17012.2k $254.0k $254.0k 0.00% Added +2.9k +2,942
95 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 12,05612.1k $251.2k $251.2k 0.00% Added +1.3k +1,313
96 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 11,90211.9k $248.0k $248.0k 0.00% Reduced -127 -127
97 Entropy Technologies, LP 0.01% of their portfolio NEW YORK, NY 11,67011.7k $243.2k $243.2k 0.01% New
98 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 11,11011.1k $231.5k $231.5k 0.00% New
99 State of Wyoming 0.02% of their portfolio CHEYENNE, WY 11,02611.0k $229.8k $229.8k 0.02% Reduced -3.9k -3,906
100 OCCUDO QUANTITATIVE STRATEGIES LP 0.01% of their portfolio FORT LAUDERDALE, FL 10,87310.9k $226.6k $226.6k 0.01% New