Vault-13

TEVA PHARMACEUTICAL INDS LTD

SPONSORED ADS · ADR · CUSIP 881624209 · ISIN US8816242098

535 institutional holders +54 vs Q1 2024
614,030,001614.0m shares reported held*
$10.0bnreported value*
84 new 190 added 155 reduced 25 sold out net bought ≈ $485.8m (+29.9m 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 ($9.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $16.25. Options: 29 managers hold calls ($631.2m notional), 23 hold puts ($124.3m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 431Q4 22: 422Q1 23: 440Q2 23: 429Q3 23: 436Q4 23: 448Q1 24: 481Q2 24: 535535Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022431
Q4 2022422
Q1 2023440
Q2 2023429
Q3 2023436
Q4 2023448
Q1 2024481
Q2 2024535

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 163 bought or addedQ4 22: 187 cut or sold outQ4 22Q1 23: 174 bought or addedQ1 23: 187 cut or sold outQ2 23: 173 bought or addedQ2 23: 197 cut or sold outQ2 23Q3 23: 176 bought or addedQ3 23: 175 cut or sold outQ4 23: 181 bought or addedQ4 23: 192 cut or sold outQ4 23Q1 24: 237 bought or addedQ1 24: 164 cut or sold outQ2 24: 274 bought or addedQ2 24: 180 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022163187
Q1 2023174187
Q2 2023173197
Q3 2023176175
Q4 2023181192
Q1 2024237164
Q2 2024274180

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ3 23 calls: $277.0mQ3 23 puts: $173.6mQ3 23P/C 0.63Q4 23 calls: $165.2mQ4 23 puts: $178.3mQ4 23P/C 1.08Q1 24 calls: $371.3mQ1 24 puts: $255.0mQ1 24P/C 0.69Q2 24 calls: $631.2mQ2 24 puts: $124.3mQ2 24P/C 0.20
Numbers
QuarterCallsPutsP/C
Q3 2023$277.0m$173.6m0.63
Q4 2023$165.2m$178.3m1.08
Q1 2024$371.3m$255.0m0.69
Q2 2024$631.2m$124.3m0.20

Biggest buyers

FMR LLC Added +20,730,130+20.7m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +4,570,086+4.6m
Invesco Ltd. Added +4,540,171+4.5m
JPMORGAN CHASE & CO Added +4,049,796+4.0m
PointState Capital LP Added +4,041,754+4.0m
D. E. Shaw & Co., Inc. Added +3,966,146+4.0m
Clal Insurance Enterprises Holdings Ltd Added +3,544,823+3.5m
LORD, ABBETT & CO. LLC New +3,266,000+3.3m
Qube Research & Technologies Ltd Added +2,022,219+2.0m
Noked Israel Ltd New +1,685,000+1.7m

Biggest sellers

Phoenix Financial Ltd. Reduced -9,159,191-9.2m
Slate Path Capital LP Reduced -6,705,000-6.7m
CITADEL ADVISORS LLC Reduced -3,341,713-3.3m
MORGAN STANLEY Reduced -3,137,658-3.1m
Soleus Capital Management, L.P. Reduced -2,899,941-2.9m
CITIGROUP INC Reduced -2,681,335-2.7m
Alyeska Investment Group, L.P. Reduced -2,516,937-2.5m
Ion Asset Management Ltd. Reduced -2,248,867-2.2m
AustralianSuper Pty Ltd Reduced -1,606,968-1.6m
Cutter Capital Management, LP Reduced -1,359,520-1.4m

Biggest calls

JPMORGAN CHASE & CO New $108.7m6.7m shares
CITADEL ADVISORS LLC Added $64.3m4.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $59.9m3.7m shares
GOLDMAN SACHS GROUP INC New $56.5m3.5m shares
SPHERA FUNDS MANAGEMENT LTD. Added $53.1m3.3m shares
PointState Capital LP New $40.6m2.5m shares
CITIGROUP INC Reduced $38.2m2.4m shares
JANE STREET GROUP, LLC Added $36.2m2.2m shares
GROUP ONE TRADING LLC Added $32.0m2.0m shares
Walleye Trading LLC Added $28.9m1.8m shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $22.5m1.4m shares
GROUP ONE TRADING LLC Reduced $11.7m718.4k shares
JANE STREET GROUP, LLC Reduced $11.4m704.2k shares
Capital Markets Trading UK LLP Added $9.7m594.0k shares
CITADEL ADVISORS LLC Reduced $9.6m589.6k shares
CAPITAL FUND MANAGEMENT S.A. Added $8.3m509.7k shares
SIMPLEX TRADING, LLC Reduced $7.8m481.9k shares
Parallax Volatility Advisers, L.P. Added $7.3m450.1k shares
IMC-Chicago, LLC Added $6.9m426.2k shares
Walleye Trading LLC Added $5.8m355.2k 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
Migdal Insurance & Financial Holdings Ltd. 13G · passive investor new · filed 2026-02-17 5.4% new 61.7m 2026-02-17
Phoenix Financial Ltd. 13G · passive investor new · filed 2025-07-22 5.0% new 57.4m 2025-07-22
MENORA MIVTACHIM HOLDINGS LTD. 13G · passive investor new · filed 2025-07-17 5.0% new 57.4m 2025-07-17

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.02% of their portfolio New York, NY 42,987,78243.0m $698.6m $698.6m 0.02% Reduced -716.6k -716,619
2 FMR LLC 0.04% of their portfolio BOSTON, MA 41,978,53742.0m $682.2m $682.2m 0.04% Added +20.7m +20,730,130
3 Ion Asset Management Ltd. 39.34% of their portfolio Herzliya, L3 36,329,62036.3m $590.4m $590.4m 39.34% Reduced -2.2m -2,248,867
4 Clal Insurance Enterprises Holdings Ltd 5.50% of their portfolio Tel-aviv, L3 32,339,18932.3m $525.7m $525.7m 5.50% Added +3.5m +3,544,823
5 Migdal Insurance & Financial Holdings Ltd. 7.90% of their portfolio Petach Tikva, L3 29,118,21029.1m $473.2m $473.2m 7.90% Reduced -739.6k -739,590
6 MENORA MIVTACHIM HOLDINGS LTD. 3.18% of their portfolio Ramat Gan, L3 28,838,03928.8m $468.6m $468.6m 3.18% Added +709.3k +709,295
7 Lingotto Investment Management LLP 14.45% of their portfolio London, X0 26,462,60026.5m $430.0m $430.0m 14.45% Added +38.1k +38,065
8 Phoenix Financial Ltd. 6.29% of their portfolio Givatayim, L3 25,422,59625.4m $413.1m $413.1m 6.29% Reduced -9.2m -9,159,191
9 Slate Path Capital LP 6.64% of their portfolio New York, NY 20,191,18420.2m $328.1m $328.1m 6.64% Reduced -6.7m -6,705,000
10 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 17,722,41517.7m $288.0m $288.0m 0.01% Added +1.5m +1,499,143
11 Rubric Capital Management LP 7.40% of their portfolio NEW YORK, NY 17,261,74117.3m $280.5m $280.5m 7.40% Reduced -407.8k -407,847
12 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 13,139,20213.1m $213.5m $213.5m 0.02% Reduced -3.1m -3,137,658
13 MILLENNIUM MANAGEMENT LLC 0.16% of their portfolio NEW YORK, NY 12,128,17712.1m $197.1m $197.1m 0.16% Added +1.4m +1,379,392
14 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 10,065,03210.1m $163.6m $163.6m 0.01% Added +4.0m +4,049,796
15 GLENVIEW CAPITAL MANAGEMENT, LLC 3.15% of their portfolio NEW YORK, NY 9,157,6419.2m $148.8m $148.8m 3.15% Added +1.7m +1,656,357
16 PointState Capital LP 4.25% of their portfolio New York, NY 9,146,7239.1m $148.6m $148.6m 4.25% Added +4.0m +4,041,754
17 RENAISSANCE TECHNOLOGIES LLC 0.24% of their portfolio NEW YORK, NY 8,728,5638.7m $141.8m $141.8m 0.24% Added +1.0m +1,031,400
18 AustralianSuper Pty Ltd 0.80% of their portfolio MELBOURNE, C3 8,505,1028.5m $138.2m $138.2m 0.80% Reduced -1.6m -1,606,968
19 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 8,500,8878.5m $137.5m $137.5m 0.01% Added +398.2k +398,165
20 Sound Shore Management Inc /CT/ 3.66% of their portfolio Greenwich, CT 6,761,4466.8m $109.9m $109.9m 3.66% Reduced -733.2k -733,244
21 Parsifal Capital Management, LP 7.94% of their portfolio GREENWICH, CT 6,696,9526.7m $108.8m $108.8m 7.94% Added +1.6m +1,648,652
22 D. E. Shaw & Co., Inc. 0.13% of their portfolio New York, NY 5,885,0475.9m $95.6m $95.6m 0.13% Added +4.0m +3,966,146
23 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio BOSTON, MA 5,802,5195.8m $94.3m $94.3m 0.08% Added +4.6m +4,570,086
24 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 5,311,1565.3m $86.3m $86.3m 0.01% Added +1.1m +1,149,299
25 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 4,749,5904.7m $77.2m $77.2m 0.02% Added +4.5m +4,540,171
26 Eversept Partners, LP 5.87% of their portfolio NEW YORK, NY 4,720,4604.7m $76.7m $76.7m 5.87% Reduced -1.3m -1,304,709
27 Holocene Advisors, LP 0.31% of their portfolio New York, NY 4,586,2724.6m $74.5m $74.5m 0.31% Reduced -376.2k -376,184
28 Maple Rock Capital Partners Inc. 5.02% of their portfolio Toronto, A6 4,512,4014.5m $73.3m $73.3m 5.02% Added +149.0k +149,000
29 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 4,290,6474.3m $69.7m $69.7m 0.01% Added +746.8k +746,787
30 MARSHALL WACE, LLP 0.10% of their portfolio LONDON, X0 4,172,5934.2m $67.8m $67.8m 0.10% Reduced -42.6k -42,623
31 NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio NEW YORK, NY 3,889,9893.9m $63.2m $63.2m 0.05% Reduced -139.7k -139,727
32 TRUIST FINANCIAL CORP 0.10% of their portfolio CHARLOTTE, NC 3,885,2513.9m $63.1m $63.1m 0.10% Added +254.5k +254,483
33 Alyeska Investment Group, L.P. 0.36% of their portfolio CHICAGO, IL 3,828,8713.8m $62.2m $62.2m 0.36% Reduced -2.5m -2,516,937
34 Balyasny Asset Management L.P. 0.16% of their portfolio Chicago, IL 3,742,9693.7m $60.8m $60.8m 0.16% Added +621.0k +620,971
35 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 3,481,8753.5m $56.6m $56.6m 0.01% Reduced -55.4k -55,409
36 Swiss National Bank 0.04% of their portfolio ZURICH, V8 3,327,6003.3m $54.1m $54.1m 0.04% Reduced -17.2k -17,200
37 Iron Triangle Partners LP 5.62% of their portfolio Cos Cob, CT 3,300,1853.3m $53.6m $53.6m 5.62% Added +530.3k +530,321
38 Legal & General Group Plc 0.02% of their portfolio London, X0 3,294,8783.3m $53.5m $53.5m 0.02% Reduced -277.7k -277,651
39 LORD, ABBETT & CO. LLC 0.09% of their portfolio JERSEY CITY, NJ 3,266,0003.3m $53.1m $53.1m 0.09% New
40 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 3,227,9163.2m $52.5m $52.5m 0.02% Added +1.1m +1,085,584
41 Capital International Investors 0.01% of their portfolio Los Angeles, CA 3,181,4733.2m $51.7m $51.7m 0.01% Reduced -4.2k -4,246
42 MANGROVE PARTNERS IM, LLC 3.59% of their portfolio Greenwich, CT 2,762,1542.8m $44.9m $44.9m 3.59% Unchanged
43 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 2,596,8332.6m $42.2m $42.2m 0.01% Reduced -39.2k -39,233
44 Tri Locum Partners LP 10.48% of their portfolio NEW YORK, NY 2,550,3072.6m $41.4m $41.4m 10.48% Added +334.1k +334,119
45 GOLDENTREE ASSET MANAGEMENT LP 3.35% of their portfolio NEW YORK, NY 2,485,6502.5m $40.4m $40.4m 3.35% Added +427.0k +427,000
46 FIL Ltd 0.03% of their portfolio HAMILTON, D0 2,118,9962.1m $34.4m $34.4m 0.03% Reduced -277.6k -277,587
47 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio Boston, MA 2,103,1662.1m $34.2m $34.2m 0.06% Added +1.6m +1,576,166
48 Qube Research & Technologies Ltd 0.06% of their portfolio LONDON, X0 2,083,9992.1m $33.9m $33.9m 0.06% Added +2.0m +2,022,219
49 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 2,076,6002.1m $33.7m $33.7m 0.01% Added +207.5k +207,533
50 Grantham, Mayo, Van Otterloo & Co. LLC 0.11% of their portfolio Boston, MA 2,055,5152.1m $33.4m $33.4m 0.11% Reduced -377.8k -377,752
51 UBS Group AG 0.01% of their portfolio ZURICH, V8 2,013,1352.0m $32.7m $32.7m 0.01% Reduced -185.1k -185,067
52 Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio CHIYODA-KU, TOKYO, M0 1,974,1062.0m $32.1m $32.1m 0.02% Reduced -185.2k -185,227
53 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 1,906,9511.9m $31.0m $31.0m 0.03% Added +107.9k +107,909
54 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 1,768,4131.8m $28.7m $28.7m 0.03% Reduced -3.3m -3,341,713
55 Davidson Kempner Capital Management LP 0.48% of their portfolio New York, NY 1,765,4851.8m $28.7m $28.7m 0.48% Added +1.1m +1,066,150
56 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 1,716,7741.7m $27.9m $27.9m 0.03% Reduced -355.7k -355,732
57 Noked Israel Ltd 7.57% of their portfolio Ramat Hasharon, L3 1,685,0001.7m $27.4m $27.4m 7.57% New
58 VAN ECK ASSOCIATES CORP 0.04% of their portfolio NEW YORK, NY 1,666,7141.7m $27.1m $27.1m 0.04% Added +119.7k +119,730
59 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,602,2131.6m $26.0m $26.0m 0.00% Reduced -33.1k -33,055
60 National Pension Service 0.03% of their portfolio JEONJU-SI, JEOLLABUK-DO, M5 1,529,7001.5m $24.9m $24.9m 0.03% Reduced -92.7k -92,678
61 HAWK RIDGE CAPITAL MANAGEMENT LP 1.06% of their portfolio LOS ANGELES, CA 1,520,3531.5m $24.7m $24.7m 1.06% New
62 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,466,7041.5m $23.8m $23.8m 0.01% Added +274.9k +274,891
63 Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) 2.78% of their portfolio Tel Aviv, L3 1,453,3431.5m $23.6m $23.6m 2.78% Unchanged
64 Affinity Asset Advisors, LLC 3.71% of their portfolio NEW YORK, NY 1,450,0001.4m $23.6m $23.6m 3.71% Added +50.0k +50,000
65 Driehaus Capital Management LLC 0.22% of their portfolio Chicago, IL 1,422,4831.4m $23.1m $23.1m 0.22% New
66 Janney Montgomery Scott LLC 0.07% of their portfolio PHILADELPHIA, PA 1,382,7801.4m $22.5m $22.5m 0.07% Added +10.3k +10,303
67 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio WEST SACRAMENTO, CA 1,375,8001.4m $22.4m $22.4m 0.03% Added +1.6k +1,569
68 PRIVATE MANAGEMENT GROUP INC 0.86% of their portfolio IRVINE, CA 1,375,4311.4m $22.4m $22.4m 0.86% Reduced -92.9k -92,921
69 Point72 Asset Management, L.P. 0.07% of their portfolio STAMFORD, CT 1,319,2171.3m $21.4m $21.4m 0.07% Added +363.2k +363,217
70 BECK MACK & OLIVER LLC 0.44% of their portfolio NEW YORK, NY 1,307,3001.3m $21.2m $21.2m 0.44% Reduced -586.2k -586,191
71 Skandinaviska Enskilda Banken AB (publ) 0.10% of their portfolio STOCKHOLM, V7 1,276,6521.3m $20.7m $20.7m 0.10% Unchanged
72 APG Asset Management N.V. 0.03% of their portfolio Amsterdam, P7 1,269,3961.3m $19.2m $19.2m 0.03% Added +112.5k +112,481
73 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 1,208,1701.2m $19.6m $19.6m 0.02% Added +466.4k +466,371
74 ACADIAN ASSET MANAGEMENT LLC 0.06% of their portfolio Boston, MA 1,124,7491.1m $18.3m $18.3m 0.06% Added +535.2k +535,164
75 NORGES BANK 0.00% of their portfolio OSLO, Q8 1,073,9011.1m $17.5m $17.5m 0.00% Added +468.9k +468,901
76 GROUP ONE TRADING LLC 0.54% of their portfolio CHICAGO, IL 1,052,0771.1m $17.1m $17.1m 0.54% Added +353.5k +353,543
77 Woodline Partners LP 0.16% of their portfolio San Francisco, CA 1,047,5531.0m $17.0m $17.0m 0.16% Unchanged
78 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 1,027,3101.0m $16.7m $16.7m 0.02% Added +173.6k +173,645
79 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 1,000,8491.0m $16.3m $16.3m 0.00% Reduced -1.2m -1,222,615
80 EMINENCE CAPITAL, LP 0.26% of their portfolio NEW YORK, NY 1,000,0001.0m $16.2m $16.2m 0.26% New
81 BRIDGER MANAGEMENT, LLC 8.20% of their portfolio NEW YORK, NY 981,000981.0k $15.9m $15.9m 8.20% Reduced -519.0k -519,000
82 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 975,960976.0k $15.9m $15.9m 0.00% Added +50.7k +50,741
83 Vontobel Holding Ltd. 0.05% of their portfolio ZURICH, V8 961,206961.2k $15.6m $15.6m 0.05% Reduced -126.4k -126,361
84 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 936,412936.4k $15.2m $15.2m 0.01% Reduced -2.7m -2,681,335
85 Capitolis Liquid Global Markets LLC 0.19% of their portfolio NEW YORK, NY 922,000922.0k $15.0m $15.0m 0.19% New
86 Cutter Capital Management, LP 4.52% of their portfolio NEW YORK, NY 911,900911.9k $14.8m $14.8m 4.52% Reduced -1.4m -1,359,520
87 TWO SIGMA ADVISERS, LP 0.03% of their portfolio NEW YORK, NY 897,500897.5k $14.6m $14.6m 0.03% Reduced -50.0k -50,000
88 TUDOR INVESTMENT CORP ET AL 0.16% of their portfolio STAMFORD, CT 855,001855.0k $13.9m $13.9m 0.16% Reduced -90.0k -90,048
89 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio JUPITER, FL 847,781847.8k $13.8m $13.8m 0.05% Added +426.5k +426,508
90 Parallax Volatility Advisers, L.P. 0.35% of their portfolio San Francisco, CA 837,287837.3k $13.6m $13.6m 0.35% New
91 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 826,563826.6k $13.4m $13.4m 0.00% Added +1.0k +1,026
92 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 815,944815.9k $13.3m $13.3m 0.01% Added +39.6k +39,610
93 SPHERA FUNDS MANAGEMENT LTD. 2.09% of their portfolio TEL AVIV, L3 789,416789.4k $12.8m $12.8m 2.09% Reduced -1.1m -1,100,284
94 Gratus Capital, LLC 0.50% of their portfolio ATLANTA, GA 760,289760.3k $12.4m $12.4m 0.50% Reduced -9.8k -9,844
95 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 758,405758.4k $12.4m $12.4m 0.01% Reduced -732.1k -732,051
96 STRS OHIO 0.05% of their portfolio COLUMBUS, OH 725,714725.7k $11.8m $11.8m 0.05% Reduced -64.9k -64,880
97 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 721,339721.3k $11.7m $11.7m 0.00% Added +26.4k +26,399
98 Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio TOKYO, M0 693,680693.7k $11.3m $11.3m 0.01% Added +66.0k +65,989
99 Aberdeen Group plc 0.02% of their portfolio EDINBURGH, X0 680,705680.7k $11.1m $11.1m 0.02% Added +82.0k +81,998
100 BOURGEON CAPITAL MANAGEMENT LLC 2.13% of their portfolio Darien, CT 668,336668.3k $10.9m $10.9m 2.13% Added +3.2k +3,244