TWI — TITAN INTL INC ILL
As of Q2 2026, 32 SEC-registered investment managers reported holding TWI (TITAN INTL INC ILL) in their latest 13F filings, with a combined reported value of $155.92M across 20.33M shares. That is -7.5% by share count (-1.65M shares) versus the previous quarter, while reported value moved +3.0%. Ownership is concentrated: the five largest holders account for 54.5% of reported value and the top ten for 77.9%.
Compared with the prior quarter, 5 opened new positions, 15 added to existing stakes, 12 trimmed, 3 exited entirely. 13F holdings are quarter-end snapshots, so these moves reflect positioning as of Q2 2026, not real-time trading.
TWI is classified in the Industrials sector.
All figures on this page are computed from SEC Form 13F quarterly filings. 13F filers disclose long positions of $100,000 or more within 45 days of quarter end; short positions, options overlays and intra-quarter trades are not included, so treat the numbers as a quarterly snapshot of institutional ownership rather than real-time positioning.
Q2 2026 — 32 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| BlackRock Inc history | 4.66M | $35.92M | 0.00% | Reduce |
| Renaissance Technologies history | 2.17M | $16.72M | 0.02% | Reduce |
| UBS Group AG history | 1.47M | $11.33M | 0.00% | Add |
| Royce & Associates history | 1.43M | $11.02M | 0.09% | Add |
| Geode Capital Management history | 1.30M | $10.06M | 0.00% | Add |
| Two Sigma Investments history | 1.06M | $8.16M | 0.01% | Add |
| Morgan Stanley history | 1.01M | $7.81M | 0.00% | Add |
| Charles Schwab Investment Management history | 981.89K | $7.57M | 0.00% | Reduce |
| Goldman Sachs Group history | 890.36K | $6.86M | 0.00% | Add |
| First Eagle Investment Management history | 780.64K | $6.02M | 0.01% | Add |
| JPMorgan Chase & Co history | 670.19K | $5.26M | 0.00% | New |
| D. E. Shaw & Co history | 637.10K | $4.91M | 0.00% | New |
| Bank of America Corp history | 570.27K | $4.40M | 0.00% | Add |
| Northern Trust Corp history | 472.15K | $3.64M | 0.00% | Add |
| Citadel Advisors history | 443.79K | $3.42M | 0.00% | Reduce |
| Franklin Resources history | 274.43K | $2.12M | 0.00% | Reduce |
| Norges Bank Investment Management history | 240.00K | $1.85M | 0.00% | New |
| AQR Capital Management history | 233.38K | $1.80M | 0.00% | Add |
| Point72 Asset Management history | 230.48K | $1.78M | 0.00% | New |
| BNY Mellon history | 178.27K | $1.37M | 0.00% | Reduce |
| Invesco Ltd history | 146.82K | $1.13M | 0.00% | Reduce |
| Millennium Management history | 114.12K | $879.90K | 0.00% | Add |
| Balyasny Asset Management history | 77.14K | $594.78K | 0.00% | New |
| Deutsche Bank AG history | 52.29K | $403.16K | 0.00% | Add |
| Wells Fargo & Co history | 49.14K | $378.89K | 0.00% | Reduce |
| Citigroup Inc history | 29.59K | $228.15K | 0.00% | Add |
| Manulife Financial history | 16.40K | $126.43K | 0.00% | Add |
| Prudential Financial history | 10.78K | $83.11K | 0.00% | Reduce |
| Legal & General Investment Management America history | 5.15K | $39.71K | 0.00% | Reduce |
| Fidelity Management & Research (FMR) history | 4.43K | $34.19K | 0.00% | Reduce |
| PNC Financial Services history | 640 | $4.93K | 0.00% | Reduce |
| T. Rowe Price Associates history | 116.58K | $899 | 0.00% | Add |
Q1 2026 — 30 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| BlackRock Inc history | 7.15M | $49.44M | 0.00% | Add |
| Renaissance Technologies history | 2.48M | $17.12M | 0.03% | Add |
| Invesco Ltd history | 1.54M | $10.62M | 0.00% | Reduce |
| Royce & Associates history | 1.29M | $8.91M | 0.09% | Add |
| Geode Capital Management history | 1.20M | $8.26M | 0.00% | Add |
| Charles Schwab Investment Management history | 1.18M | $8.15M | 0.00% | Reduce |
| Morgan Stanley history | 967.97K | $6.69M | 0.00% | Add |
| Goldman Sachs Group history | 833.24K | $5.76M | 0.00% | Add |
| Two Sigma Investments history | 805.32K | $5.56M | 0.01% | Add |
| Citadel Advisors history | 800.49K | $5.53M | 0.00% | Add |
| First Eagle Investment Management history | 670.64K | $4.63M | 0.01% | Add |
| Bank of America Corp history | 539.54K | $3.73M | 0.00% | Add |
| Northern Trust Corp history | 457.14K | $3.16M | 0.00% | Add |
| UBS Group AG history | 340.05K | $2.35M | 0.00% | Add |
| BNY Mellon history | 288.12K | $1.99M | 0.00% | Reduce |
| Franklin Resources history | 287.75K | $1.99M | 0.00% | Add |
| Principal Global Investors history | 233.16K | $1.61M | 0.00% | Add |
| AQR Capital Management history | 203.95K | $1.41M | 0.00% | Reduce |
| PSP Investments history | 172.86K | $1.19M | 0.00% | Add |
| Wells Fargo & Co history | 167.66K | $1.16M | 0.00% | Add |
| Arrowstreet Capital history | 109.57K | $757.14K | 0.00% | Reduce |
| Legal & General Investment Management America history | 73.64K | $508.87K | 0.00% | Reduce |
| Prudential Financial history | 52.85K | $365.17K | 0.00% | Add |
| Millennium Management history | 21.52K | $148.68K | 0.00% | Reduce |
| Manulife Financial history | 14.72K | $101.69K | 0.00% | Reduce |
| Citigroup Inc history | 10.06K | $69.52K | 0.00% | Reduce |
| Deutsche Bank AG history | 7.66K | $52.92K | 0.00% | Reduce |
| Fidelity Management & Research (FMR) history | 4.68K | $32.35K | 0.00% | Reduce |
| PNC Financial Services history | 2.44K | $16.85K | 0.00% | Add |
| T. Rowe Price Associates history | 79.61K | $551 | 0.00% | Add |
Q4 2025 — 32 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| BlackRock Inc history | 7.05M | $55.19M | 0.00% | Reduce |
| Vanguard Group history | 3.47M | $27.20M | 0.00% | Reduce |
| Renaissance Technologies history | 2.24M | $17.55M | 0.03% | Reduce |
| Invesco Ltd history | 1.58M | $12.37M | 0.00% | Add |
| Charles Schwab Investment Management history | 1.20M | $9.39M | 0.00% | Add |
| Royce & Associates history | 1.17M | $9.15M | 0.09% | Add |
| Geode Capital Management history | 1.14M | $8.94M | 0.00% | Reduce |
| Two Sigma Investments history | 658.57K | $5.16M | 0.01% | Add |
| Morgan Stanley history | 642.77K | $5.03M | 0.00% | Add |
| First Eagle Investment Management history | 614.75K | $4.81M | 0.01% | Reduce |
| Northern Trust Corp history | 434.66K | $3.40M | 0.00% | Reduce |
| Arrowstreet Capital history | 424.93K | $3.33M | 0.00% | Add |
| Bank of America Corp history | 411.53K | $3.22M | 0.00% | Reduce |
| JPMorgan Chase & Co history | 403.48K | $3.16M | 0.00% | Reduce |
| Goldman Sachs Group history | 397.11K | $3.11M | 0.00% | Add |
| UBS Group AG history | 330.89K | $2.59M | 0.00% | Add |
| BNY Mellon history | 297.06K | $2.33M | 0.00% | Add |
| Principal Global Investors history | 228.56K | $1.79M | 0.00% | Reduce |
| AQR Capital Management history | 218.79K | $1.71M | 0.00% | Add |
| PSP Investments history | 166.13K | $1.30M | 0.00% | Reduce |
| Citadel Advisors history | 99.50K | $779.05K | 0.00% | Reduce |
| Legal & General Investment Management America history | 76.19K | $596.54K | 0.00% | Reduce |
| Wells Fargo & Co history | 60.14K | $470.87K | 0.00% | Add |
| Prudential Financial history | 48.28K | $378.00K | 0.00% | Reduce |
| Deutsche Bank AG history | 41.77K | $327.10K | 0.00% | Add |
| Franklin Resources history | 36.65K | $286.95K | 0.00% | Reduce |
| Millennium Management history | 30.99K | $242.64K | 0.00% | Add |
| Manulife Financial history | 16.29K | $127.58K | 0.00% | Reduce |
| Citigroup Inc history | 16.04K | $125.60K | 0.00% | Reduce |
| Fidelity Management & Research (FMR) history | 4.98K | $39.01K | 0.00% | Add |
| PNC Financial Services history | 2.31K | $18.06K | 0.00% | Reduce |
| T. Rowe Price Associates history | 66.80K | $524 | 0.00% | Add |
Q3 2025 — 33 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| BlackRock Inc history | 7.50M | $56.73M | 0.00% | Reduce |
| Vanguard Group history | 3.53M | $26.67M | 0.00% | Hold |
| Renaissance Technologies history | 2.60M | $19.68M | 0.03% | Add |
| Geode Capital Management history | 1.15M | $8.71M | 0.00% | Hold |
| Royce & Associates history | 1.13M | $8.54M | 0.09% | Add |
| Charles Schwab Investment Management history | 991.27K | $7.49M | 0.00% | Add |
| Invesco Ltd history | 853.29K | $6.45M | 0.00% | Add |
| JPMorgan Chase & Co history | 644.59K | $4.87M | 0.00% | Reduce |
| First Eagle Investment Management history | 622.25K | $4.70M | 0.01% | Hold |
| Morgan Stanley history | 523.61K | $3.96M | 0.00% | Reduce |
| Bank of America Corp history | 504.01K | $3.81M | 0.00% | Reduce |
| Northern Trust Corp history | 499.55K | $3.78M | 0.00% | Hold |
| Two Sigma Investments history | 452.32K | $3.42M | 0.01% | Add |
| Citadel Advisors history | 320.15K | $2.42M | 0.00% | Reduce |
| BNY Mellon history | 276.58K | $2.09M | 0.00% | Reduce |
| UBS Group AG history | 261.11K | $1.97M | 0.00% | Reduce |
| Principal Global Investors history | 231.49K | $1.75M | 0.00% | Reduce |
| AQR Capital Management history | 207.68K | $1.57M | 0.00% | Reduce |
| Goldman Sachs Group history | 206.84K | $1.56M | 0.00% | Add |
| PSP Investments history | 186.96K | $1.41M | 0.01% | Add |
| Legal & General Investment Management America history | 128.11K | $968.48K | 0.00% | Reduce |
| Arrowstreet Capital history | 68.01K | $514.14K | 0.00% | New |
| Prudential Financial history | 52.03K | $393.32K | 0.00% | Hold |
| Franklin Resources history | 44.93K | $339.66K | 0.00% | Add |
| Wells Fargo & Co history | 40.97K | $309.71K | 0.00% | Add |
| Deutsche Bank AG history | 39.86K | $301.36K | 0.00% | Add |
| Millennium Management history | 30.10K | $227.53K | 0.00% | Reduce |
| Citigroup Inc history | 24.17K | $182.70K | 0.00% | Reduce |
| Janus Henderson Group history | 21.98K | $166.38K | 0.00% | Hold |
| Manulife Financial history | 17.53K | $132.55K | 0.00% | Reduce |
| Fidelity Management & Research (FMR) history | 4.78K | $36.17K | 0.00% | Add |
| PNC Financial Services history | 2.96K | $22.41K | 0.00% | Add |
| T. Rowe Price Associates history | 63.28K | $479 | 0.00% | Add |
Q2 2025 — 32 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| BlackRock Inc history | 7.63M | $78.41M | 0.00% | Reduce |
| Vanguard Group history | 3.51M | $36.10M | 0.00% | Reduce |
| Renaissance Technologies history | 2.47M | $25.39M | 0.03% | Reduce |
| Geode Capital Management history | 1.15M | $11.82M | 0.00% | Reduce |
| Royce & Associates history | 1.11M | $11.40M | 0.12% | Add |
| JPMorgan Chase & Co history | 914.27K | $9.39M | 0.00% | Add |
| Charles Schwab Investment Management history | 820.94K | $8.43M | 0.00% | Add |
| Invesco Ltd history | 776.74K | $7.98M | 0.00% | Reduce |
| Morgan Stanley history | 705.38K | $7.24M | 0.00% | Reduce |
| First Eagle Investment Management history | 620.25K | $6.37M | 0.01% | Add |
| Bank of America Corp history | 584.39K | $6.00M | 0.00% | Add |
| Northern Trust Corp history | 501.65K | $5.15M | 0.00% | Reduce |
| Citadel Advisors history | 398.20K | $4.09M | 0.00% | Reduce |
| UBS Group AG history | 324.81K | $3.34M | 0.00% | Reduce |
| AQR Capital Management history | 301.58K | $3.10M | 0.00% | Add |
| BNY Mellon history | 285.12K | $2.93M | 0.00% | Reduce |
| Two Sigma Investments history | 266.27K | $2.73M | 0.01% | Add |
| Principal Global Investors history | 240.02K | $2.47M | 0.00% | Hold |
| Citigroup Inc history | 212.14K | $2.18M | 0.00% | Add |
| Goldman Sachs Group history | 199.01K | $2.04M | 0.00% | Reduce |
| PSP Investments history | 165.01K | $1.69M | 0.01% | Add |
| Legal & General Investment Management America history | 131.91K | $1.35M | 0.00% | Add |
| Prudential Financial history | 52.03K | $534.31K | 0.00% | Add |
| Millennium Management history | 41.03K | $421.36K | 0.00% | Reduce |
| Deutsche Bank AG history | 35.94K | $369.12K | 0.00% | Reduce |
| Wells Fargo & Co history | 34.81K | $357.55K | 0.00% | Add |
| Franklin Resources history | 31.87K | $327.32K | 0.00% | Hold |
| Janus Henderson Group history | 21.98K | $225.83K | 0.00% | Hold |
| Manulife Financial history | 18.77K | $192.74K | 0.00% | Reduce |
| Fidelity Management & Research (FMR) history | 4.64K | $47.65K | 0.00% | Reduce |
| PNC Financial Services history | 2.62K | $26.92K | 0.00% | Reduce |
| T. Rowe Price Associates history | 60.68K | $624 | 0.00% | Add |
Q1 2025 — 34 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| BlackRock Inc history | 8.01M | $67.22M | 0.00% | Hold |
| Vanguard Group history | 3.59M | $30.16M | 0.00% | Reduce |
| Renaissance Technologies history | 2.57M | $21.56M | 0.03% | Reduce |
| Geode Capital Management history | 1.17M | $9.84M | 0.00% | Add |
| Royce & Associates history | 918.11K | $7.70M | 0.08% | Add |
| JPMorgan Chase & Co history | 853.09K | $7.16M | 0.00% | Add |
| Invesco Ltd history | 844.42K | $7.08M | 0.00% | Reduce |
| Morgan Stanley history | 738.84K | $6.20M | 0.00% | Reduce |
| Citadel Advisors history | 713.71K | $5.99M | 0.00% | Add |
| Charles Schwab Investment Management history | 685.45K | $5.75M | 0.00% | Add |
| UBS Group AG history | 675.74K | $5.67M | 0.00% | Add |
| Northern Trust Corp history | 539.34K | $4.53M | 0.00% | Reduce |
| First Eagle Investment Management history | 505.16K | $4.24M | 0.01% | Add |
| Bank of America Corp history | 432.50K | $3.63M | 0.00% | Add |
| BNY Mellon history | 301.83K | $2.53M | 0.00% | Reduce |
| Goldman Sachs Group history | 289.96K | $2.43M | 0.00% | Reduce |
| Two Sigma Investments history | 256.12K | $2.15M | 0.01% | Add |
| Principal Global Investors history | 239.09K | $2.01M | 0.00% | Add |
| PSP Investments history | 152.18K | $1.28M | 0.01% | Add |
| Legal & General Investment Management America history | 126.12K | $1.06M | 0.00% | Reduce |
| AQR Capital Management history | 109.44K | $918.19K | 0.00% | Reduce |
| Balyasny Asset Management history | 98.54K | $826.72K | 0.00% | Add |
| Millennium Management history | 91.17K | $764.95K | 0.00% | Add |
| Citigroup Inc history | 72.09K | $604.84K | 0.00% | Add |
| Prudential Financial history | 48.94K | $410.62K | 0.00% | Reduce |
| Deutsche Bank AG history | 43.45K | $364.59K | 0.00% | Reduce |
| D. E. Shaw & Co history | 35.14K | $294.81K | 0.00% | Reduce |
| Wells Fargo & Co history | 33.46K | $280.73K | 0.00% | Add |
| Franklin Resources history | 31.85K | $267.25K | 0.00% | New |
| Janus Henderson Group history | 21.98K | $188.69K | 0.00% | Hold |
| Manulife Financial history | 19.49K | $163.54K | 0.00% | Reduce |
| Fidelity Management & Research (FMR) history | 7.86K | $65.94K | 0.00% | Add |
| PNC Financial Services history | 3.12K | $26.21K | 0.00% | Add |
| T. Rowe Price Associates history | 59.69K | $501 | 0.00% | Add |
New Positions (Q2 2026)
- JPMorgan Chase & Co 670.19K sh · $5.26M
- D. E. Shaw & Co 637.10K sh · $4.91M
- Norges Bank Investment Management 240.00K sh · $1.85M
- Point72 Asset Management 230.48K sh · $1.78M
- Balyasny Asset Management 77.14K sh · $594.78K
Fully Exited (vs previous quarter)
- Principal Global Investors sold 233.16K sh · $1.61M
- PSP Investments sold 172.86K sh · $1.19M
- Arrowstreet Capital sold 109.57K sh · $757.14K
Fund Position History — shares by quarter (top 20 funds)
| Fund | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BlackRock Inc | 4.66M | 7.15M | 7.05M | 7.50M | 7.63M | 8.01M | 8.01M | 8.06M | — | — | — | — | — | — | — | — | — | — | — | — |
| Renaissance Technologies | 2.17M | 2.48M | 2.24M | 2.60M | 2.47M | 2.57M | 2.74M | 2.72M | 2.84M | 2.98M | 3.01M | 3.00M | 3.01M | 3.08M | 3.23M | 3.38M | 3.86M | 3.70M | 3.84M | 3.89M |
| UBS Group AG | 1.47M | 340.05K | 330.89K | 261.11K | 324.81K | 675.74K | 370.51K | 26.37K | 14.97K | 70.48K | 97.90K | 17.66K | 165.17K | 26.13K | 26.34K | 13.14K | 7.55K | 10.21K | 20.21K | 1.32K |
| Royce & Associates | 1.43M | 1.29M | 1.17M | 1.13M | 1.11M | 918.11K | 79.21K | 93.56K | 123.81K | 117.40K | 125.67K | 87.34K | 48.35K | — | 212.20K | 212.20K | 212.20K | 212.20K | 212.20K | 212.20K |
| Geode Capital Management | 1.30M | 1.20M | 1.14M | 1.15M | 1.15M | 1.17M | 1.14M | 1.13M | 1.14M | 1.12M | 1.11M | 1.06M | 1.02M | 944.75K | 903.25K | 870.63K | 874.34K | 866.24K | 865.96K | 841.95K |
| Two Sigma Investments | 1.06M | 805.32K | 658.57K | 452.32K | 266.27K | 256.12K | 124.62K | 91.88K | 71.28K | 172.86K | 247.37K | 298.13K | 237.08K | 91.51K | 218.45K | 151.11K | 53.20K | 58.08K | 91.49K | 172.28K |
| Morgan Stanley | 1.01M | 967.97K | 642.77K | 523.61K | 705.38K | 738.84K | 781.40K | 955.84K | 923.22K | 451.37K | 588.41K | 424.88K | 412.57K | 357.02K | 461.46K | 492.10K | 553.07K | 278.03K | 274.12K | 466.19K |
| Charles Schwab Investment Management | 981.89K | 1.18M | 1.20M | 991.27K | 820.94K | 685.45K | 494.41K | 506.55K | 500.44K | 506.24K | 527.15K | 525.22K | 503.33K | 484.04K | 470.29K | 459.85K | 453.43K | 460.44K | 362.63K | 357.72K |
| Goldman Sachs Group | 890.36K | 833.24K | 397.11K | 206.84K | 199.01K | 289.96K | 346.59K | 278.55K | 240.84K | 162.45K | 171.81K | 178.02K | 236.07K | 407.71K | 448.48K | 488.98K | 267.58K | 197.47K | 326.08K | 428.36K |
| First Eagle Investment Management | 780.64K | 670.64K | 614.75K | 622.25K | 620.25K | 505.16K | 178.28K | — | — | — | — | — | — | — | — | — | — | — | — | — |
| JPMorgan Chase & Co | 670.19K | — | 403.48K | 644.59K | 914.27K | 853.09K | 592.09K | 714.09K | 716.67K | 850.06K | 358.64K | 226.74K | 176.63K | 103.41K | 45.34K | 44.38K | 43.84K | 141.75K | 456.51K | 48.14K |
| D. E. Shaw & Co | 637.10K | — | — | — | — | 35.14K | 84.30K | 65.25K | 145.47K | 54.00K | 118.18K | 93.60K | 53.39K | 115.48K | 153.01K | 152.36K | 181.65K | 320.74K | 539.81K | 500.26K |
| Bank of America Corp | 570.27K | 539.54K | 411.53K | 504.01K | 584.39K | 432.50K | 173.40K | 142.44K | 110.91K | 126.99K | 165.19K | 114.06K | 188.97K | 152.85K | 105.89K | 82.41K | 57.48K | 62.95K | 66.83K | 53.59K |
| Northern Trust Corp | 472.15K | 457.14K | 434.66K | 499.55K | 501.65K | 539.34K | 542.66K | 507.50K | 516.38K | 538.15K | 560.56K | 555.85K | 537.88K | 555.63K | 555.85K | 543.24K | 544.44K | 509.00K | 527.16K | 529.67K |
| Citadel Advisors | 443.79K | 800.49K | 99.50K | 320.15K | 398.20K | 713.71K | 273.50K | 218.76K | 420.93K | 350.25K | 495.71K | 490.77K | 244.30K | 287.15K | 297.43K | 249.53K | 435.85K | 210.69K | 126.44K | 255.16K |
| Franklin Resources | 274.43K | 287.75K | 36.65K | 44.93K | 31.87K | 31.85K | — | — | 46.28K | 72.28K | 42.95K | 43.02K | 54.08K | 54.17K | 57.50K | 57.44K | 60.66K | 89.97K | 150.84K | 151.20K |
| Norges Bank Investment Management | 240.00K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| AQR Capital Management | 233.38K | 203.95K | 218.79K | 207.68K | 301.58K | 109.44K | 187.55K | 220.86K | 343.92K | 476.07K | 422.70K | 628.90K | 1.03M | 756.98K | 430.60K | 342.13K | 119.86K | 148.91K | 131.65K | 179.07K |
| Point72 Asset Management | 230.48K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| BNY Mellon | 178.27K | 288.12K | 297.06K | 276.58K | 285.12K | 301.83K | 306.49K | 375.91K | 426.42K | 430.55K | 447.08K | 460.13K | 462.74K | 461.16K | 489.70K | 479.26K | 499.46K | 479.90K | 474.50K | 446.13K |
▲ Bought Low (fund opened/added, stock rose ≥5% next quarter) ▼ Sold High (fund reduced, stock fell ≥5% next quarter)
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