Vault-13

AMDOCS LTD DOX

SHS · Common Stock · CUSIP G02602103

527 institutional holders -17 vs Q2 2025
106,114,320106.1m shares reported held*
$8.7bnreported value*
68 new 207 added 183 reduced 83 sold out net bought ≈ $115.4m (+1.4m 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 ($43.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $82.02. Options: 6 managers hold calls ($1.3m notional), 5 hold puts ($6.2m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 451Q4 22: 459Q1 23: 456Q2 23: 468Q3 23: 484Q4 23: 510Q1 24: 509Q2 24: 502Q3 24: 500Q4 24: 515Q1 25: 514Q2 25: 544Q3 25: 527527Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022451
Q4 2022459
Q1 2023456
Q2 2023468
Q3 2023484
Q4 2023510
Q1 2024509
Q2 2024502
Q3 2024500
Q4 2024515
Q1 2025514
Q2 2025544
Q3 2025527

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 234 bought or addedQ4 23: 226 cut or sold outQ1 24: 251 bought or addedQ1 24: 231 cut or sold outQ1 24Q2 24: 261 bought or addedQ2 24: 241 cut or sold outQ3 24: 259 bought or addedQ3 24: 243 cut or sold outQ3 24Q4 24: 218 bought or addedQ4 24: 259 cut or sold outQ1 25: 270 bought or addedQ1 25: 227 cut or sold outQ1 25Q2 25: 284 bought or addedQ2 25: 235 cut or sold outQ3 25: 275 bought or addedQ3 25: 266 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023234226
Q1 2024251231
Q2 2024261241
Q3 2024259243
Q4 2024218259
Q1 2025270227
Q2 2025284235
Q3 2025275266

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ4 24 calls: $1.5mQ4 24 puts: $21.2mQ4 24P/C 13.75Q1 25 calls: $3.1mQ1 25 puts: $8.1mQ1 25P/C 2.58Q2 25 calls: $2.8mQ2 25 puts: $1.4mQ2 25P/C 0.50Q3 25 calls: $1.3mQ3 25 puts: $6.2mQ3 25P/C 4.79
Numbers
QuarterCallsPutsP/C
Q4 2024$1.5m$21.2m13.75
Q1 2025$3.1m$8.1m2.58
Q2 2025$2.8m$1.4m0.50
Q3 2025$1.3m$6.2m4.79

Biggest buyers

ALLIANCEBERNSTEIN L.P. Added +573,349+573.3k
NEUBERGER BERMAN GROUP LLC Added +496,935+496.9k
JPMORGAN CHASE & CO Added +485,954+486.0k
Clal Insurance Enterprises Holdings Ltd Added +350,000+350.0k
BRANDES INVESTMENT PARTNERS, LP Added +311,917+311.9k
AQR CAPITAL MANAGEMENT LLC Added +281,476+281.5k
MILLENNIUM MANAGEMENT LLC Added +277,320+277.3k
BlackRock, Inc. Added +270,983+271.0k
RENAISSANCE TECHNOLOGIES LLC New +259,900+259.9k
LSV ASSET MANAGEMENT Added +257,193+257.2k

Biggest sellers

JANUS HENDERSON GROUP PLC Reduced -3,307,729-3.3m
Alyeska Investment Group, L.P. Reduced -480,741-480.7k
ROYAL BANK OF CANADA Reduced -254,842-254.8k
FMR LLC Reduced -252,331-252.3k
ENVESTNET ASSET MANAGEMENT INC Reduced -247,374-247.4k
Beutel, Goodman & Co Ltd. Reduced -228,355-228.4k
LIBERTY ONE INVESTMENT MANAGEMENT, LLC Sold out -206,657-206.7k
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -189,618-189.6k
MORGAN STANLEY Reduced -163,243-163.2k
TWO SIGMA ADVISERS, LP Reduced -133,700-133.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $418.5k5.1k shares
CITADEL ADVISORS LLC Reduced $410.2k5.0k shares
WOLVERINE TRADING, LLC Added $277.0k3.4k shares
Walleye Trading LLC New $131.3k1.6k shares
GROUP ONE TRADING LLC Added $32.8k400 shares
SIMPLEX TRADING, LLC Reduced $32.0k400 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.3m40.5k shares
CITADEL ADVISORS LLC Added $2.1m25.4k shares
SIMPLEX TRADING, LLC Added $369.0k4.5k shares
GROUP ONE TRADING LLC Added $352.8k4.3k shares
Walleye Trading LLC Reduced $106.7k1.3k 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
PZENA INVESTMENT MANAGEMENT LLC 13G · institution +1.9 pts · filed 2026-07-15 13.2% +1.9 pts 14.2m≈ $717.7m 2026-07-15
FMR LLC 13G · institution -1.8 pts · filed 2026-08-06 9.4% -1.8 pts 10.0m≈ $507.0m 2026-08-06

Fell to 5% or below in the last year: JANUS HENDERSON GROUP PLC (2.3%, 2025-11-14)

Insider purchases and sales in Q3 2025

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 Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.07% of their portfolio BOSTON, MA 15,899,81915.9m $1.3bn $1.3bn 0.07% Reduced -252.3k -252,331
2 PZENA INVESTMENT MANAGEMENT LLC 1.75% of their portfolio NEW YORK, NY 6,593,2496.6m $541.0m $541.0m 1.75% Added +42.2k +42,184
3 Beutel, Goodman & Co Ltd. 2.19% of their portfolio TORONTO, A6 4,422,3534.4m $362.9m $362.9m 2.19% Reduced -228.4k -228,355
4 BlackRock, Inc. 0.01% of their portfolio New York, NY 3,681,3933.7m $302.1m $302.1m 0.01% Added +271.0k +270,983
5 LSV ASSET MANAGEMENT 0.66% of their portfolio CHICAGO, IL 3,648,7033.6m $299.4m $299.4m 0.66% Added +257.2k +257,193
6 WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio Boston, MA 3,151,5323.2m $258.6m $258.6m 0.05% Added +91.9k +91,900
7 Allspring Global Investments Holdings, LLC 0.41% of their portfolio CHARLOTTE, NC 3,111,3123.1m $252.9m $252.9m 0.41% Added +91.4k +91,428
8 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 3,066,4443.1m $251.6m $251.6m 0.00% Added +9.2k +9,207
9 BRANDES INVESTMENT PARTNERS, LP 1.74% of their portfolio LA JOLLA, CA 2,640,7212.6m $216.7m $216.7m 1.74% Added +311.9k +311,917
10 JANUS HENDERSON GROUP PLC 0.09% of their portfolio LONDON, X0 2,487,4652.5m $204.1m $204.1m 0.09% Reduced -3.3m -3,307,729
11 ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio NASHVILLE, TN 2,359,7792.4m $193.6m $193.6m 0.06% Added +573.3k +573,349
12 DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio AUSTIN, TX 2,332,3812.3m $191.4m $191.4m 0.04% Added +160.0k +160,040
13 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,836,2861.8m $152.4m $152.4m 0.01% Added +26.0k +25,977
14 NORDEA INVESTMENT MANAGEMENT AB 0.13% of their portfolio STOCKHOLM, V7 1,801,4861.8m $146.8m $146.8m 0.13% Reduced -77.5k -77,537
15 AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio KANSAS CITY, MO 1,649,0771.6m $135.3m $135.3m 0.07% Added +183.8k +183,776
16 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,612,2371.6m $132.3m $132.3m 0.01% Reduced -163.2k -163,243
17 NEUBERGER BERMAN GROUP LLC 0.09% of their portfolio NEW YORK, NY 1,515,3041.5m $124.3m $124.3m 0.09% Added +496.9k +496,935
18 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,456,1201.5m $120.2m $120.2m 0.00% Reduced -2.7k -2,676
19 AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio Greenwich, CT 1,368,9441.4m $111.3m $111.3m 0.07% Added +281.5k +281,476
20 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,274,2901.3m $104.6m $104.6m 0.01% Reduced -49.7k -49,733
21 STIFEL FINANCIAL CORP 0.08% of their portfolio ST. LOUIS, MO 1,041,9591.0m $85.5m $85.5m 0.08% Added +9.1k +9,087
22 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,039,3141.0m $85.3m $85.3m 0.01% Added +98.4k +98,436
23 Russell Investments Group, Ltd. 0.09% of their portfolio Seattle, WA 978,940978.9k $80.3m $80.3m 0.09% Added +51.5k +51,548
24 CRAWFORD INVESTMENT COUNSEL INC 1.29% of their portfolio ATLANTA, GA 951,492951.5k $78.1m $78.1m 1.29% Added +25.8k +25,816
25 FIRST TRUST ADVISORS LP 0.05% of their portfolio Wheaton, IL 845,284845.3k $69.4m $69.4m 0.05% Added +79.2k +79,188
26 Alyeska Investment Group, L.P. 0.21% of their portfolio CHICAGO, IL 827,162827.2k $67.9m $67.9m 0.21% Reduced -480.7k -480,741
27 UBS Group AG 0.01% of their portfolio ZURICH, V8 798,517798.5k $65.5m $65.5m 0.01% Added +246.3k +246,286
28 Clearbridge Investments, LLC 0.05% of their portfolio NEW YORK, NY 783,290783.3k $64.3m $64.3m 0.05% Added +312 +312
29 DigitalBridge Group, Inc. 5.14% of their portfolio Boca Raton, FL 769,432769.4k $63.1m $63.1m 5.14% Added +188.4k +188,416
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 752,078752.1k $61.7m $61.7m 0.00% Added +486.0k +485,954
31 WEDGE CAPITAL MANAGEMENT L L P/NC 1.03% of their portfolio CHARLOTTE, NC 739,255739.3k $60.7m $60.7m 1.03% Added +28.2k +28,235
32 PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio DES MOINES, IA 725,829725.8k $59.6m $59.6m 0.03% Reduced -39.6k -39,634
33 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.18% of their portfolio Los Angeles, CA 691,306691.3k $56.7m $56.7m 0.18% Added +5.9k +5,942
34 Boston Trust Walden Corp 0.41% of their portfolio BOSTON, MA 678,618678.6k $55.7m $55.7m 0.41% Reduced -311 -311
35 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio BOSTON, MA 666,349666.3k $54.7m $54.7m 0.03% Added +132.0k +131,958
36 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 656,895656.9k $53.9m $53.9m 0.01% Added +133.5k +133,472
37 SEI INVESTMENTS CO 0.05% of their portfolio OAKS, PA 600,258600.3k $49.3m $49.3m 0.05% Added +48.1k +48,073
38 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 572,444572.4k $47.0m $47.0m 0.01% Reduced -10.9k -10,931
39 ACADIAN ASSET MANAGEMENT LLC 0.08% of their portfolio Boston, MA 566,954567.0k $46.5m $46.5m 0.08% Reduced -117.3k -117,264
40 NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio ALBANY, NY 554,401554.4k $45.5m $45.5m 0.06% Added +93.5k +93,527
41 Robeco Institutional Asset Management B.V. 0.07% of their portfolio ROTTERDAM, P7 553,738553.7k $45.4m $45.4m 0.07% Added +32.5k +32,494
42 Bahl & Gaynor LLC 0.22% of their portfolio CINCINNATI, OH 551,734551.7k $45.3m $45.3m 0.22% Added +9.2k +9,189
43 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 534,300534.3k $43.8m $43.8m 0.01% Reduced -254.8k -254,842
44 SEIZERT CAPITAL PARTNERS, LLC 1.81% of their portfolio BIRMINGHAM, MI 509,681509.7k $41.8m $41.8m 1.81% Added +1.5k +1,490
45 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 503,211503.2k $41.3m $41.3m 0.02% Added +1.7k +1,745
46 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 502,335502.3k $41.2m $41.2m 0.01% Reduced -14.9k -14,856
47 Qube Research & Technologies Ltd 0.06% of their portfolio LONDON, X0 494,477494.5k $40.6m $40.6m 0.06% Added +113.7k +113,660
48 TODD ASSET MANAGEMENT LLC 0.82% of their portfolio Louisville, KY 491,197491.2k $40.3m $40.3m 0.82% Added +25.4k +25,362
49 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 463,966464.0k $37.6m $37.6m 0.03% Reduced -189.6k -189,618
50 VAUGHAN DAVID INVESTMENTS LLC/IL 0.80% of their portfolio PEORIA, IL 452,364452.4k $37.1m $37.1m 0.80% Reduced -740 -740
51 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 440,214440.2k $36.1m $36.1m 0.04% Reduced -61.6k -61,595
52 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 439,935439.9k $36.1m $36.1m 0.01% Reduced -16.0k -16,018
53 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 432,725432.7k $35.5m $35.5m 0.01% Reduced -625 -625
54 Clal Insurance Enterprises Holdings Ltd 0.26% of their portfolio Tel-aviv, L3 420,000420.0k $34.5m $34.5m 0.26% Added +350.0k +350,000
55 Woodline Partners LP 0.16% of their portfolio San Francisco, CA 418,944418.9k $34.4m $34.4m 0.16% Added +46.6k +46,570
56 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 404,111404.1k $33.2m $33.2m 0.01% Added +76.7k +76,660
57 California Public Employees Retirement System 0.02% of their portfolio Sacramento, CA 382,675382.7k $31.4m $31.4m 0.02% Reduced -67.7k -67,738
58 Legal & General Group Plc 0.01% of their portfolio London, X0 363,977364.0k $29.9m $29.9m 0.01% Reduced -21.0k -21,023
59 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 353,904353.9k $29.0m $29.0m 0.01% Reduced -13.8k -13,782
60 Bridgewater Associates, LP 0.10% of their portfolio Westport, CT 314,377314.4k $25.8m $25.8m 0.10% Reduced -4.3k -4,291
61 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 311,814311.8k $25.6m $25.6m 0.01% Added +3.2k +3,244
62 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.19% of their portfolio FRANKFORT, KY 305,410305.4k $25.1m $25.1m 0.19% Added +23.5k +23,500
63 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,108300.1k $24.6m $24.6m 0.00% Added +2.2k +2,244
64 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 295,800295.8k $24.3m $24.3m 0.02% Added +277.3k +277,320
65 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 294,274294.3k $24.1m $24.1m 0.01% Reduced -247.4k -247,374
66 DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC 1.19% of their portfolio BLOOMFIELD HILLS, MI 289,376289.4k $23.7m $23.7m 1.19% Reduced -4.9k -4,931
67 BOOTHBAY FUND MANAGEMENT, LLC 0.59% of their portfolio NEW YORK, NY 286,069286.1k $23.5m $23.5m 0.59% Added +96.2k +96,229
68 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 284,089284.1k $23.3m $23.3m 0.04% Added +19.7k +19,700
69 Connor, Clark & Lunn Investment Management Ltd. 0.07% of their portfolio VANCOUVER, A1 282,453282.5k $23.2m $23.2m 0.07% Added +96.7k +96,685
70 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 259,900259.9k $21.3m $21.3m 0.03% New
71 Treasurer of the State of North Carolina 0.06% of their portfolio RALEIGH, NC 253,978254.0k $20.8m $20.8m 0.06% Reduced -2.1k -2,103
72 DUDLEY & SHANLEY, INC. 3.25% of their portfolio PALM BEACH, FL 246,539246.5k $20.2m $20.2m 3.25% Added +638 +638
73 RICE HALL JAMES & ASSOCIATES, LLC 1.07% of their portfolio San Diego, CA 239,287239.3k $19.6m $19.6m 1.07% Reduced -22.0k -22,045
74 Gotham Asset Management, LLC 0.09% of their portfolio NEW YORK, NY 239,093239.1k $19.6m $19.6m 0.09% Added +20.2k +20,207
75 ALPS ADVISORS INC 0.11% of their portfolio Denver, CO 237,883237.9k $19.5m $19.5m 0.11% Added +24.8k +24,771
76 VALLEY WEALTH MANAGERS, INC. 1.27% of their portfolio PARAMUS, NJ 233,469233.5k $19.2m $19.2m 1.27% Reduced -8.8k -8,818
77 Aberdeen Group plc 0.03% of their portfolio EDINBURGH, X0 232,564232.6k $19.1m $19.1m 0.03% Added +431 +431
78 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 230,115230.1k $18.9m $18.9m 0.00% Added +4.5k +4,522
79 WESTWOOD HOLDINGS GROUP INC 0.13% of their portfolio DALLAS, TX 229,913229.9k $18.9m $18.9m 0.13% Added +2.4k +2,352
80 Polar Capital Holdings Plc 0.09% of their portfolio London, X0 225,932225.9k $18.5m $18.5m 0.09% Unchanged
81 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 222,946222.9k $18.3m $18.3m 0.01% Added +109.9k +109,929
82 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 221,163221.2k $18.1m $18.1m 0.01% Reduced -33.5k -33,518
83 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 219,258219.3k $18.0m $18.0m 0.00% Added +7.5k +7,524
84 Trexquant Investment LP 0.18% of their portfolio STAMFORD, CT 215,652215.7k $17.7m $17.7m 0.18% Added +56.0k +56,023
85 MARTINGALE ASSET MANAGEMENT L P 0.44% of their portfolio BOSTON, MA 211,707211.7k $17.4m $17.4m 0.44% Reduced -37.1k -37,129
86 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 205,834205.8k $16.9m $16.9m 0.02% Added +12.6k +12,606
87 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 190,972191.0k $15.7m $15.7m 0.02% Added +117.7k +117,744
88 Talaria Asset Management Pty Ltd 2.79% of their portfolio MELBOURNE, C3 189,200189.2k $15.5m $15.5m 2.79% Added +110.0k +110,000
89 Running Oak Capital LLC 1.69% of their portfolio EDINA, MN 183,194183.2k $15.1m $15.1m 1.69% Added +8.1k +8,071
90 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 176,935176.9k $14.5m $14.5m 0.00% Added +24.4k +24,384
91 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 173,922173.9k $14.3m $14.3m 0.01% Reduced -29.5k -29,526
92 Glenmede Investment Management, LP 0.06% of their portfolio PHILADELPHIA, PA 161,343161.3k $13.2m $13.2m 0.06% Reduced -988 -988
93 Distillate Capital Partners LLC 0.67% of their portfolio CHICAGO, IL 156,587156.6k $12.8m $12.8m 0.67% Added +6.8k +6,788
94 Quantinno Capital Management LP 0.03% of their portfolio NEW YORK, NY 155,190155.2k $12.7m $12.7m 0.03% Reduced -35.8k -35,817
95 Illinois Municipal Retirement Fund 0.16% of their portfolio OAK BROOK, IL 149,539149.5k $12.3m $12.3m 0.16% Added +47.5k +47,537
96 Crossmark Global Holdings, Inc. 0.18% of their portfolio HOUSTON, TX 144,404144.4k $11.8m $11.8m 0.18% Reduced -2.3k -2,296
97 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 141,793141.8k $11.7m $11.7m 0.02% Added +93.5k +93,511
98 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 135,190135.2k $11.1m $11.1m 0.01% Added +10.8k +10,757
99 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 133,248133.2k $10.9m $10.9m 0.02% Added +114.8k +114,753
100 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 130,196130.2k $10.7m $10.7m 0.01% Reduced -8.0k -7,961