Vault-13

EURONAV NV CMBT

SHS · Common Stock · CUSIP B38564108

162 institutional holders +19 vs Q4 2025
42,368,64842.4m shares reported held*
13.4% of all shares outstanding*
$536.5mreported value*
32 new 44 added 48 reduced 15 sold out net bought ≈ $143.7m (+11.4m 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 ($80.2k this quarter). Holder counts are more reliable. Shares outstanding: 316.0m as of 2025-12-31, 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 ≈ $12.66. Options: 10 managers hold calls ($16.9m notional), 9 hold puts ($14.6m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 107Q4 22: 132Q1 23: 124Q2 23: 136Q3 23: 135Q4 23: 133Q1 24: 91Q2 24: 60Q3 24: 60Q4 24: 55Q1 25: 53Q2 25: 46Q3 25: 145Q4 25: 143Q1 26: 162162Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022107
Q4 2022132
Q1 2023124
Q2 2023136
Q3 2023135
Q4 2023133
Q1 202491
Q2 202460
Q3 202460
Q4 202455
Q1 202553
Q2 202546
Q3 2025145
Q4 2025143
Q1 2026162

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 24 bought or addedQ2 24: 62 cut or sold outQ3 24: 25 bought or addedQ3 24: 34 cut or sold outQ3 24Q4 24: 26 bought or addedQ4 24: 32 cut or sold outQ1 25: 20 bought or addedQ1 25: 27 cut or sold outQ1 25Q2 25: 20 bought or addedQ2 25: 26 cut or sold outQ3 25: 131 bought or addedQ3 25: 7 cut or sold outQ3 25Q4 25: 62 bought or addedQ4 25: 73 cut or sold outQ1 26: 76 bought or addedQ1 26: 63 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242462
Q3 20242534
Q4 20242632
Q1 20252027
Q2 20252026
Q3 20251317
Q4 20256273
Q1 20267663

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ2 25 calls: $1.8mQ2 25 puts: $379.8kQ2 25P/C 0.21Q3 25 calls: $4.2mQ3 25 puts: $10.9mQ3 25P/C 2.59Q4 25 calls: $6.9mQ4 25 puts: $15.7mQ4 25P/C 2.29Q1 26 calls: $16.9mQ1 26 puts: $14.6mQ1 26P/C 0.87
Numbers
QuarterCallsPutsP/C
Q2 2025$1.8m$379.8k0.21
Q3 2025$4.2m$10.9m2.59
Q4 2025$6.9m$15.7m2.29
Q1 2026$16.9m$14.6m0.87

Biggest buyers

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP New +2,288,834+2.3m
CITADEL ADVISORS LLC Added +1,436,742+1.4m
Qube Research & Technologies Ltd New +1,115,861+1.1m
RENAISSANCE TECHNOLOGIES LLC Added +1,045,800+1.0m
TWO SIGMA INVESTMENTS, LP Added +1,040,981+1.0m
JPMORGAN CHASE & CO Added +1,039,485+1.0m
Encompass Capital Advisors LLC Added +1,000,693+1.0m
Point72 Asset Management, L.P. Added +982,797+982.8k
BANK OF AMERICA CORP /DE/ Added +901,688+901.7k
BNP PARIBAS FINANCIAL MARKETS Added +838,485+838.5k

Biggest sellers

Sagil Capital LLP Sold out -1,397,397-1.4m
MILLENNIUM MANAGEMENT LLC Reduced -1,136,769-1.1m
ROYAL BANK OF CANADA Reduced -1,041,137-1.0m
GOLDMAN SACHS GROUP INC Reduced -1,015,614-1.0m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -535,222-535.2k
Oceanic Investment Management LTD Reduced -433,184-433.2k
MARSHALL WACE, LLP Reduced -398,453-398.5k
FEARNLEY ASSET MANAGEMENT AS Reduced -365,000-365.0k
UBS Group AG Reduced -122,235-122.2k
Jefferies Financial Group Inc. Reduced -113,653-113.7k

Biggest calls

CITADEL ADVISORS LLC Added $4.7m374.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.5m355.8k shares
JANE STREET GROUP, LLC Added $3.0m236.4k shares
Marnell Management LLC Added $1.4m114.6k shares
GROUP ONE TRADING LLC Reduced $985.4k77.9k shares
IMC-Chicago, LLC Added $850.1k67.2k shares
SIMPLEX TRADING, LLC Reduced $737.5k58.3k shares
Walleye Capital LLC Added $492.1k38.9k shares
Walleye Trading LLC New $117.6k9.3k shares
CSS LLC/IL Reduced $3.8k300 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.8m616.4k shares
GROUP ONE TRADING LLC Reduced $1.8m139.7k shares
SIMPLEX TRADING, LLC Reduced $1.7m133.0k shares
CITADEL ADVISORS LLC Reduced $1.3m104.9k shares
Walleye Capital LLC Added $618.6k48.9k shares
IMC-Chicago, LLC Added $484.5k38.3k shares
JANE STREET GROUP, LLC Reduced $428.8k33.9k shares
CSS LLC/IL Reduced $347.9k27.5k shares
TUDOR INVESTMENT CORP ET AL New $172.0k13.6k 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
Compagnie Maritime Belge NV 13D · may seek influence no change · filed 2026-07-29
Stated purposeOn June 17, 2026, CMB entered into a USD 500,000,000 revolving credit facility agreement (the "Facility Agreement") and a securities pledge agreement (the "Securities Pledge Agreement") with certain banks. In connection with the transaction, CMB pledged all of its current and future Ordinary Shares of the Issuer as collateral for its obligations under the Facility Agreement. The pledged securities include the 178,726,458 Ordinary Shares directly held by CMB. The Facility Agreement and the Securities Pledge Agreement include financial and other covenants and customary events of default. The Facility Agreement refinanced $250,000,000 of the Borrower's existing USD 500,000,000 syndicated term loan facility agreement dated August 12, 2025 and provides a $250,000,000 revolving credit facility… Full filing
61.6% no change 178.8m≈ $2.5bn 2026-07-29

Insider purchases and sales in Q1 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.

None reported in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Encompass Capital Advisors LLC 1.80% of their portfolio New York, NY 3,500,0003.5m $44.3m $44.3m 1.80% Added +1.0m +1,000,693
2 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 3,241,1443.2m $41.9m $41.9m 0.00% First filing
3 FOLKETRYGDFONDET 0.62% of their portfolio OSLO, Q8 2,816,9402.8m $35.2m $35.2m 0.62% Reduced -12.2k -12,225
4 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio BOSTON, MA 2,288,8342.3m $29.0m $29.0m 0.02% New
5 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 2,254,1492.3m $28.5m $28.5m 0.02% Added +1.4m +1,436,742
6 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,833,3881.8m $23.2m $23.2m 0.00% Reduced -1.0m -1,015,614
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,564,0631.6m $19.8m $19.8m 0.00% Added +523.5k +523,490
8 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 1,408,3001.4m $17.8m $17.8m 0.03% Added +1.0m +1,045,800
9 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 1,387,6121.4m $17.6m $17.6m 0.02% Added +214.9k +214,857
10 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 1,209,8181.2m $15.3m $15.3m 0.01% Added +1.0m +1,040,981
11 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 1,115,8611.1m $14.1m $14.1m 0.02% New
12 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 1,084,7401.1m $13.7m $13.7m 0.02% Added +982.8k +982,797
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,080,6551.1m $13.4m $13.4m 0.00% Added +1.0m +1,039,485
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,072,8221.1m $13.6m $13.6m 0.00% Added +901.7k +901,688
15 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio JUPITER, FL 1,055,5181.1m $13.4m $13.4m 0.05% Added +692.1k +692,053
16 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 969,918969.9k $12.5m $12.5m 0.00% First filing
17 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 851,483851.5k $10.7m $10.7m 0.01% Added +443.7k +443,693
18 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 838,669838.7k $10.6m $10.6m 0.01% Added +838.5k +838,485
19 FEARNLEY ASSET MANAGEMENT AS 2.90% of their portfolio OSLO, Q8 700,737700.7k $8.9m $8.9m 2.90% Reduced -365.0k -365,000
20 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 698,016698.0k $8.8m $8.8m 0.00% Added +573.1k +573,099
21 Trexquant Investment LP 0.06% of their portfolio STAMFORD, CT 654,098654.1k $8.3m $8.3m 0.06% New
22 Jump Financial, LLC 0.12% of their portfolio Chicago, IL 643,861643.9k $8.1m $8.1m 0.12% Added +439.0k +438,968
23 Walleye Capital LLC 0.04% of their portfolio NEW YORK, NY 570,371570.4k $7.2m $7.2m 0.04% New
24 Oceanic Investment Management LTD 6.08% of their portfolio DOUGLAS, Y8 564,868564.9k $7.1m $7.1m 6.08% Reduced -433.2k -433,184
25 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 520,567520.6k $6.6m $6.6m 0.01% Added +163.8k +163,845
26 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 499,666499.7k $6.3m $6.3m 0.00% Reduced -1.1m -1,136,769
27 Melqart Asset Management (UK) Ltd 0.52% of their portfolio London, X0 418,161418.2k $5.3m $5.3m 0.52% New
28 GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 4.37% of their portfolio WASHINGTON, DC 388,678388.7k $4.9m $4.9m 4.37% Reduced -48.5k -48,544
29 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 380,147380.1k $4.8m $4.8m 0.01% Reduced -18.1k -18,115
30 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 378,364378.4k $4.8m $4.8m 0.01% Reduced -535.2k -535,222
31 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 371,253371.3k $4.7m $4.7m 0.00% Added +9.7k +9,684
32 XTX Topco Ltd 0.08% of their portfolio LONDON, X0 367,367367.4k $4.6m $4.6m 0.08% Added +233.6k +233,644
33 Aquatic Capital Management LLC 0.13% of their portfolio CHICAGO, IL 360,495360.5k $4.6m $4.6m 0.13% New
34 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 343,009343.0k $4.3m $4.3m 0.00% Added +98.8k +98,825
35 PDT Partners, LLC 0.25% of their portfolio New York, NY 328,763328.8k $4.2m $4.2m 0.25% New
36 BOOTHBAY FUND MANAGEMENT, LLC 0.09% of their portfolio NEW YORK, NY 313,829313.8k $4.0m $4.0m 0.09% Reduced -48.7k -48,671
37 Quantbot Technologies LP 0.13% of their portfolio NEW YORK, NY 250,148250.1k $3.2m $3.2m 0.13% Reduced -8.4k -8,415
38 Swiss National Bank 0.00% of their portfolio ZURICH, V8 248,913248.9k $3.1m $3.1m 0.00% Unchanged
39 UBS Group AG 0.00% of their portfolio ZURICH, V8 233,250233.2k $3.0m $3.0m 0.00% Reduced -122.2k -122,235
40 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 223,691223.7k $2.8m $2.8m 0.00% Added +106.2k +106,181
41 OCCUDO QUANTITATIVE STRATEGIES LP 0.13% of their portfolio FORT LAUDERDALE, FL 176,863176.9k $2.4m $2.4m 0.13% New
42 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 148,695148.7k $1.9m $1.9m 0.00% New
43 Engineers Gate Manager LP 0.02% of their portfolio NEW YORK, NY 146,255146.3k $1.9m $1.9m 0.02% Added +96.3k +96,301
44 Legal & General Group Plc 0.00% of their portfolio London, X0 144,313144.3k $1.8m $1.8m 0.00% Reduced -80.0k -79,976
45 Marnell Management LLC 1.18% of their portfolio FARMINGTON HILLS, MI 140,594140.6k $1.8m $1.8m 1.18% Reduced -43.7k -43,659
46 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 129,923129.9k $1.6m $1.6m 0.01% New
47 Persistent Asset Partners Ltd 0.54% of their portfolio HONG KONG, K3 111,110111.1k $1.4m $1.4m 0.54% Added +56.1k +56,110
48 GROUP ONE TRADING LLC 0.05% of their portfolio CHICAGO, IL 110,934110.9k $1.4m $1.4m 0.05% Reduced -64.5k -64,483
49 Numerai GP LLC 0.14% of their portfolio SAN FRANCISCO, CA 106,802106.8k $1.4m $1.4m 0.14% New
50 VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio London, EC4N 8AF, X0 104,443104.4k $1.3m $1.3m 0.00% First filing
51 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 91,12291.1k $1.1m $1.1m 0.00% Unchanged
52 BTG Pactual Asset Management US LLC 0.11% of their portfolio NEW YORK, NY 89,00389.0k $1.1m $1.1m 0.11% New
53 BlackRock, Inc. 0.00% of their portfolio New York, NY 83,48383.5k $1.1m $1.1m 0.00% Added +15.3k +15,305
54 PRELUDE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio NEW YORK, NY 80,37480.4k $1.0m $1.0m 0.08% Reduced -54.4k -54,418
55 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 73,37673.4k $928.2k $928.2k 0.00% Added +8.3k +8,350
56 Kovack Advisors, Inc. 0.04% of their portfolio FT. LAUDERDALE, FL 63,69863.7k $805.6k $805.6k 0.04% Reduced -496 -496
57 Mariner, LLC 0.00% of their portfolio Overland Park, KS 62,61862.6k $792.1k $792.1k 0.00% Reduced -754 -754
58 Centiva Capital, LP 0.03% of their portfolio New York, NY 56,20056.2k $710.9k $710.9k 0.03% New
59 WINTON GROUP Ltd 0.02% of their portfolio LONDON, X0 53,00053.0k $670.5k $670.5k 0.02% New
60 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.02% of their portfolio BALA CYNWYD, PA 51,26951.3k $648.6k $648.6k 0.02% Unchanged
61 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 50,03950.0k $633.0k $633.0k 0.01% Added +39 +39
62 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 49,97650.0k $632.2k $632.2k 0.00% Reduced -6.8k -6,819
63 Tower Research Capital LLC (TRC) 0.02% of their portfolio NEW YORK, NY 49,31249.3k $623.8k $623.8k 0.02% Added +44.4k +44,434
64 IMC-Chicago, LLC 0.01% of their portfolio CHICAGO, IL 45,63245.6k $577.2k $577.2k 0.01% Reduced -19.8k -19,754
65 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 44,98545.0k $569.0k $569.0k 0.00% Reduced -1.0m -1,041,137
66 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 42,51942.5k $536.0k $536.0k 0.00% Added +9.7k +9,692
67 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 41,14341.1k $520.5k $520.5k 0.01% Added +886 +886
68 SIMPLEX TRADING, LLC 0.02% of their portfolio CHICAGO, IL 39,90939.9k $504.8k $504.8k 0.02% Reduced -35.1k -35,084
69 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 37,33137.3k $472.2k $472.2k 0.00% Reduced -398.5k -398,453
70 HIGHLAND CAPITAL MANAGEMENT, LLC 0.02% of their portfolio MEMPHIS, TN 36,75036.8k $464.9k $464.9k 0.02% Reduced -100 -100
71 Sciencast Management LP 0.06% of their portfolio PRINCETON, NJ 36,27536.3k $458.9k $458.9k 0.06% New
72 Vident Advisory, LLC 0.00% of their portfolio Alpharetta, GA 35,44635.4k $448.4k $448.4k 0.00% Reduced -8.3k -8,264
73 FMR LLC 0.00% of their portfolio BOSTON, MA 35,38935.4k $457.1k $457.1k 0.00% Reduced -369 -369
74 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 33,87233.9k $428.5k $428.5k 0.00% Added +8.1k +8,055
75 Vanguard Investments Australia, Ltd. 0.00% of their portfolio Victoria, C3 33,53933.5k $433.2k $433.2k 0.00% First filing
76 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 33,39133.4k $422.4k $422.4k 0.00% Unchanged
77 Lester Murray Antman dba SimplyRich 0.11% of their portfolio CARLSBAD, CA 33,16633.2k $419.0k $419.0k 0.11% Reduced -1.0k -1,040
78 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 31,96432.0k $404.3k $404.3k 0.00% Reduced -40.5k -40,494
79 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 31,04331.0k $400.9k $400.9k 0.00% First filing
80 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 30,23330.2k $382.4k $382.4k 0.00% New
81 TWO SIGMA SECURITIES, LLC 0.04% of their portfolio NEW YORK, NY 28,84728.8k $364.9k $364.9k 0.04% New
82 Headlands Technologies LLC 0.04% of their portfolio CHICAGO, IL 28,17628.2k $356.4k $356.4k 0.04% Reduced -38.9k -38,882
83 Bellecapital International Ltd. 0.06% of their portfolio ZURICH, V8 26,18526.2k $330.6k $330.6k 0.06% New
84 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 24,19824.2k $233.5k $233.5k 0.00% Added +276 +276
85 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 23,99824.0k $303.6k $303.6k 0.00% Reduced -1.3k -1,345
86 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 23,72423.7k $300.2k $300.2k 0.00% Reduced -26.1k -26,145
87 Pictet Asset Management Holding SA 0.00% of their portfolio CAROUGE, V8 22,77422.8k $287.1k $287.1k 0.00% Unchanged
88 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 22,70922.7k $286.1k $286.1k 0.00% Added +503 +503
89 Amundi 0.00% of their portfolio Paris, I0 19,42019.4k $245.7k $245.7k 0.00% New
90 BFSG, LLC 0.02% of their portfolio IRVINE, CA 19,00019.0k $240.3k $240.3k 0.02% Unchanged
91 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 18,24318.2k $230.8k $230.8k 0.00% Reduced -303 -303
92 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 17,90317.9k $226.5k $226.5k 0.00% Reduced -65 -65
93 Susquehanna Portfolio Strategies, LLC 0.00% of their portfolio Bala Cynwyd, PA 15,92615.9k $201.5k $201.5k 0.00% New
94 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 15,60915.6k $197.5k $197.5k 0.00% Added +752 +752
95 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 15,27315.3k $193.2k $193.2k 0.00% Reduced -2.8k -2,791
96 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 15,25215.3k $192.8k $192.8k 0.00% Reduced -113.7k -113,653
97 Everstar Asset Management, LLC 0.10% of their portfolio MOORESVILLE, NC 15,07015.1k $190.6k $190.6k 0.10% New
98 HARVEY CAPITAL MANAGEMENT INC 0.04% of their portfolio PALM BEACH, FL 15,00015.0k $189.8k $189.8k 0.04% Unchanged
99 CSS LLC/IL 0.01% of their portfolio CHICAGO, IL 14,34014.3k $181.4k $181.4k 0.01% Reduced -5.7k -5,700
100 HUB Investment Partners, LLC 0.00% of their portfolio AUSTIN, TX 12,50012.5k $158.1k $158.1k 0.00% Unchanged