Q3 2023 · 13F-HR
Capital Group Investment Management Pte. Ltd.holdings as filed
Filed 2023-11-13 · accession 0000732812-23-000051
$1.54B
Reported value
198
Positions
2023-09-30
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | MICROSOFT CORP | $82.9M | 5.39% | 262,403 | Common | NONE |
| 11135F101 | AVGO | BROADCOM INC | $45.6M | 2.97% | 54,953 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $39.6M | 2.58% | 131,779 | Common | NONE |
| 02079K107 | GOOG | ALPHABET INC | $38.8M | 2.53% | 294,543 | Common | NONE |
| 01741R102 | ATI | ATI INC | $31.2M | 2.03% | 757,505 | Common | NONE |
| N07059210 | ASML | ASML HOLDING N V | $30.9M | 2.01% | 52,463 | Common | NONE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $29.3M | 1.91% | 73,963 | Common | NONE |
| V7780T103 | RCL | ROYAL CARIBBEAN GROUP | $28.8M | 1.88% | 312,668 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO | $28.5M | 1.85% | 196,274 | Common | NONE |
| 81762P102 | NOW | SERVICENOW INC | $25.4M | 1.66% | 45,505 | Common | NONE |
| 893641100 | TDG | TRANSDIGM GROUP INC | $23.1M | 1.50% | 27,366 | Common | NONE |
| 69331C108 | PCG | PG&E CORP | $22.6M | 1.47% | 1,401,125 | Common | NONE |
| 92826C839 | V | VISA INC | $22.4M | 1.46% | 97,482 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $21.7M | 1.41% | 126,855 | Common | NONE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $21.5M | 1.40% | 232,246 | Common | NONE |
| G54950103 | LIN | LINDE PLC | $21.4M | 1.39% | 57,483 | Common | NONE |
| 75886F107 | REGN | REGENERON PHARMACEUTICALS | $21.2M | 1.38% | 25,719 | Common | NONE |
| 369604301 | GE | GENERAL ELECTRIC CO | $20.8M | 1.35% | 187,788 | Common | NONE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $20.7M | 1.35% | 11,280 | Common | NONE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $20.0M | 1.30% | 128,653 | Common | NONE |
| 14448C104 | CARR | CARRIER GLOBAL CORPORATION | $19.6M | 1.28% | 355,020 | Common | NONE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $19.4M | 1.26% | 101,842 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $18.5M | 1.21% | 124,433 | Common | NONE |
| 78709Y105 | SAIA | SAIA INC | $18.0M | 1.17% | 45,122 | Common | NONE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB CO | $17.7M | 1.15% | 305,445 | Common | NONE |
| 235851102 | DHR | DANAHER CORPORATION | $17.4M | 1.13% | 70,159 | Common | NONE |
| 20825C104 | COP | CONOCOPHILLIPS | $17.2M | 1.12% | 143,652 | Common | NONE |
| 55354G100 | MSCI | MSCI INC | $17.2M | 1.12% | 33,488 | Common | NONE |
| G0403H108 | AON | AON PLC | $16.8M | 1.09% | 51,763 | Common | NONE |
| 03852U106 | ARMK | ARAMARK | $16.0M | 1.04% | 460,207 | Common | NONE |
| 892356106 | TSCO | TRACTOR SUPPLY CO | $15.7M | 1.02% | 77,324 | Common | NONE |
| 64110L106 | NFLX | NETFLIX INC | $15.5M | 1.01% | 41,089 | Common | NONE |
| 482480100 | KLAC | KLA CORP | $15.4M | 1.00% | 33,566 | Common | NONE |
| 21036P108 | STZ | CONSTELLATION BRANDS INC | $15.4M | 1.00% | 61,121 | Common | NONE |
| 842587107 | SO | SOUTHERN CO | $15.0M | 0.98% | 231,522 | Common | NONE |
| 79466L302 | CRM | SALESFORCE INC | $14.8M | 0.96% | 72,837 | Common | NONE |
| 88160R101 | TSLA | TESLA INC | $14.6M | 0.95% | 58,507 | Common | NONE |
| 31428X106 | FDX | FEDEX CORP | $14.4M | 0.94% | 54,343 | Common | NONE |
| 874054109 | TTWO | TAKE-TWO INTERACTIVE SOFTWAR | $14.1M | 0.92% | 100,698 | Common | NONE |
| 896239100 | TRMB | TRIMBLE INC | $13.6M | 0.89% | 252,653 | Common | NONE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $13.5M | 0.88% | 198,266 | Common | NONE |
| 60871R209 | TAP | MOLSON COORS BEVERAGE CO | $12.7M | 0.83% | 199,292 | Common | NONE |
| 16119P108 | CHTR | CHARTER COMMUNICATIONS INC N | $12.6M | 0.82% | 28,753 | Common | NONE |
| 29444U700 | EQIX | EQUINIX INC | $12.6M | 0.82% | 17,364 | Common | NONE |
| 988498101 | YUM | YUM BRANDS INC | $12.3M | 0.80% | 98,685 | Common | NONE |
| 571903202 | MAR | MARRIOTT INTL INC NEW | $12.3M | 0.80% | 62,717 | Common | NONE |
| 743315103 | PGR | PROGRESSIVE CORP | $12.3M | 0.80% | 88,244 | Common | NONE |
| 500754106 | KHC | KRAFT HEINZ CO | $12.0M | 0.78% | 357,015 | Common | NONE |
| 532457108 | LLY | ELI LILLY & CO | $11.8M | 0.77% | 21,951 | Common | NONE |
| 04247X102 | AWI | ARMSTRONG WORLD INDS INC NEW | $11.7M | 0.76% | 162,928 | Common | NONE |
| 031100100 | AME | AMETEK INC | $11.7M | 0.76% | 79,183 | Common | NONE |
| 48251W104 | KKR | KKR & CO INC | $11.5M | 0.75% | 186,856 | Common | NONE |
| G0450A105 | ACGL | ARCH CAP GROUP LTD | $11.3M | 0.74% | 142,332 | Common | NONE |
| 95040Q104 | WELL | WELLTOWER INC | $11.3M | 0.73% | 137,721 | Common | NONE |
| 907818108 | UNP | UNION PAC CORP | $11.2M | 0.73% | 55,176 | Common | NONE |
| 592688105 | MTD | METTLER TOLEDO INTERNATIONAL | $11.2M | 0.73% | 10,097 | Common | NONE |
| 15677J108 | DAY | CERIDIAN HCM HLDG INC | $11.2M | 0.73% | 164,763 | Common | NONE |
| 28176E108 | EW | EDWARDS LIFESCIENCES CORP | $11.0M | 0.72% | 159,183 | Common | NONE |
| 174610105 | CFG | CITIZENS FINL GROUP INC | $11.0M | 0.72% | 410,795 | Common | NONE |
| 049468101 | TEAM | ATLASSIAN CORPORATION | $10.9M | 0.71% | 53,938 | Common | NONE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $10.7M | 0.70% | 21,260 | Common | NONE |
| 00130H105 | AES | AES CORP | $10.7M | 0.70% | 702,999 | Common | NONE |
| 002824100 | ABT | ABBOTT LABS | $10.6M | 0.69% | 109,805 | Common | NONE |
| 171340102 | CHD | CHURCH & DWIGHT CO INC | $10.4M | 0.68% | 113,156 | Common | NONE |
| 94106B101 | WCN | WASTE CONNECTIONS INC | $10.2M | 0.67% | 76,118 | Common | NONE |
| 654106103 | NKE | NIKE INC | $10.1M | 0.66% | 105,572 | Common | NONE |
| 888787108 | TOST | TOAST INC | $9.6M | 0.63% | 514,562 | Common | NONE |
| 02043Q107 | ALNY | ALNYLAM PHARMACEUTICALS INC | $9.5M | 0.62% | 53,516 | Common | NONE |
| 256677105 | DG | DOLLAR GEN CORP NEW | $9.3M | 0.61% | 88,208 | Common | NONE |
| 380237107 | GDDY | GODADDY INC | $9.3M | 0.61% | 124,892 | Common | NONE |
| 122017106 | BURL | BURLINGTON STORES INC | $9.1M | 0.59% | 67,491 | Common | NONE |
| 294600101 | ETRNUSD | EQUITRANS MIDSTREAM CORP | $8.6M | 0.56% | 914,838 | Common | NONE |
| 22052L104 | CTVA | CORTEVA INC | $8.5M | 0.55% | 165,658 | Common | NONE |
| 00724F101 | ADBE | ADOBE INC | $8.3M | 0.54% | 16,359 | Common | NONE |
| 036752103 | ELV | ELEVANCE HEALTH INC | $8.0M | 0.52% | 18,339 | Common | NONE |
| 23331A109 | DHI | D R HORTON INC | $7.7M | 0.50% | 72,109 | Common | NONE |
| 977852102 | WOLF* | WOLFSPEED INC | $7.0M | 0.46% | 184,063 | Common | NONE |
| 149123101 | CAT | CATERPILLAR INC | $6.8M | 0.45% | 25,082 | Common | NONE |
| 458140100 | INTC | INTEL CORP | $6.7M | 0.44% | 188,580 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $6.6M | 0.43% | 15,083 | Common | NONE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $6.4M | 0.42% | 2,083 | Common | NONE |
| 92532F100 | VRTX | VERTEX PHARMACEUTICALS INC | $5.9M | 0.38% | 16,923 | Common | NONE |
| 72352L106 | PINS | PINTEREST INC | $5.7M | 0.37% | 210,968 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $5.5M | 0.36% | 42,118 | Common | NONE |
| 98978V103 | ZTS | ZOETIS INC | $5.4M | 0.35% | 30,796 | Common | NONE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $5.4M | 0.35% | 10,576 | Common | NONE |
| 518439104 | EL | LAUDER ESTEE COS INC | $5.3M | 0.34% | 36,490 | Common | NONE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $4.1M | 0.26% | 15,915 | Common | NONE |
| 038222105 | AMAT | APPLIED MATLS INC | $4.0M | 0.26% | 29,191 | Common | NONE |
| H1467J104 | CB | CHUBB LIMITED | $4.0M | 0.26% | 19,125 | Common | NONE |
| 437076102 | HD | HOME DEPOT INC | $4.0M | 0.26% | 13,105 | Common | NONE |
| 13646K108 | CP | CANADIAN PACIFIC KANSAS CITY | $3.8M | 0.25% | 50,763 | Common | NONE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $3.7M | 0.24% | 12,827 | Common | NONE |
| 806857108 | SLB | SCHLUMBERGER LTD | $3.7M | 0.24% | 64,278 | Common | NONE |
| 910047109 | UAL | UNITED AIRLS HLDGS INC | $3.7M | 0.24% | 88,386 | Common | NONE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $3.7M | 0.24% | 6,540 | Common | NONE |
| 609207105 | MDLZ | MONDELEZ INTL INC | $3.3M | 0.22% | 47,596 | Common | NONE |
| 217204106 | CPRT | COPART INC | $3.3M | 0.21% | 76,254 | Common | NONE |
| G16962105 | BGUSD | BUNGE LIMITED | $3.2M | 0.21% | 29,690 | Common | NONE |
| H84989104 | TEL1USD | TE CONNECTIVITY LTD | $3.1M | 0.20% | 25,443 | Common | NONE |
| 256163106 | DOCU | DOCUSIGN INC | $3.0M | 0.20% | 71,795 | Common | NONE |
| 620076307 | MSI | MOTOROLA SOLUTIONS INC | $2.9M | 0.19% | 10,828 | Common | NONE |
| 871607107 | SNPS | SYNOPSYS INC | $2.9M | 0.19% | 6,264 | Common | NONE |
| 009066101 | ABNB | AIRBNB INC | $2.9M | 0.19% | 20,951 | Common | NONE |
| 89677Q107 | TCOM | TRIP COM GROUP LTD | $2.7M | 0.18% | 78,296 | Common | NONE |
| 717081103 | PFE | PFIZER INC | $2.7M | 0.17% | 80,937 | Common | NONE |
| 07725L102 | ONC | BEIGENE LTD | $2.7M | 0.17% | 14,778 | Common | NONE |
| 29355A107 | ENPH | ENPHASE ENERGY INC | $2.5M | 0.17% | 21,187 | Common | NONE |
| 43300A203 | HLT | HILTON WORLDWIDE HLDGS INC | $2.5M | 0.17% | 16,925 | Common | NONE |
| 12572Q105 | CME | CME GROUP INC | $2.5M | 0.16% | 12,561 | Common | NONE |
| 09260D107 | BX | BLACKSTONE INC | $2.4M | 0.16% | 22,705 | Common | NONE |
| 82509L107 | SHOP | SHOPIFY INC | $2.4M | 0.15% | 43,098 | Common | NONE |
| 816851109 | SRE | SEMPRA | $2.3M | 0.15% | 33,434 | Common | NONE |
| 91912E105 | VALE | VALE S A | $2.2M | 0.14% | 165,042 | Common | NONE |
| 02390A101 | AMX | AMERICA MOVIL SAB DE CV | $2.2M | 0.14% | 125,955 | Common | NONE |
| 76131D103 | QSR | RESTAURANT BRANDS INTL INC | $2.2M | 0.14% | 32,416 | Common | NONE |
| 45168D104 | IDXX | IDEXX LABS INC | $2.1M | 0.14% | 4,848 | Common | NONE |
| 81181C104 | — | SEAGEN INC | $2.0M | 0.13% | 9,200 | Common | NONE |
| 58733R102 | MELI | MERCADOLIBRE INC | $2.0M | 0.13% | 1,539 | Common | NONE |
| 05722G100 | BKR | BAKER HUGHES COMPANY | $1.9M | 0.13% | 55,200 | Common | NONE |
| 550021109 | LULU | LULULEMON ATHLETICA INC | $1.9M | 0.13% | 5,009 | Common | NONE |
| 615369105 | MCO | MOODYS CORP | $1.9M | 0.13% | 6,082 | Common | NONE |
| 682189105 | ON | ON SEMICONDUCTOR CORP | $1.9M | 0.12% | 20,643 | Common | NONE |
| 783513203 | RYAAY | RYANAIR HOLDINGS PLC | $1.9M | 0.12% | 19,542 | Common | NONE |
| 61174X109 | MNST | MONSTER BEVERAGE CORP NEW | $1.8M | 0.12% | 34,006 | Common | NONE |
| 294429105 | EFX | EQUIFAX INC | $1.7M | 0.11% | 9,537 | Common | NONE |
| 42809H107 | HES | HESS CORP | $1.7M | 0.11% | 11,370 | Common | NONE |
| 060505104 | BAC | BANK AMERICA CORP | $1.6M | 0.10% | 58,854 | Common | NONE |
| 87807B107 | TRP | TC ENERGY CORP | $1.6M | 0.10% | 45,325 | Common | NONE |
| 78409V104 | SPGI | S&P GLOBAL INC | $1.6M | 0.10% | 4,265 | Common | NONE |
| 113004105 | BAM | BROOKFIELD ASSET MANAGMT LTD | $1.5M | 0.10% | 44,973 | Common | NONE |
| 09247X101 | BLKCHF | BLACKROCK INC | $1.4M | 0.09% | 2,208 | Common | NONE |
| 012653101 | ALB | ALBEMARLE CORP | $1.4M | 0.09% | 8,302 | Common | NONE |
| 363576109 | AJG | GALLAGHER ARTHUR J & CO | $1.4M | 0.09% | 5,964 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $1.3M | 0.08% | 9,915 | Common | NONE |
| 16115Q308 | GTLS | CHART INDS INC | $1.2M | 0.08% | 7,290 | Common | NONE |
| 040413106 | ANETEUR | ARISTA NETWORKS INC | $1.2M | 0.08% | 6,608 | Common | NONE |
| 373737105 | GGB | GERDAU SA | $1.2M | 0.08% | 247,455 | Common | NONE |
| 653656108 | NICE | NICE LTD | $1.1M | 0.07% | 6,589 | Common | NONE |
| 45784P101 | PODD | INSULET CORP | $1.1M | 0.07% | 6,791 | Common | NONE |
| 18915M107 | NET | CLOUDFLARE INC | $1.1M | 0.07% | 17,029 | Common | NONE |
| 247361702 | DAL | DELTA AIR LINES INC DEL | $1.0M | 0.07% | 28,007 | Common | NONE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $1.0M | 0.07% | 22,094 | Common | NONE |
| 097023105 | BA | BOEING CO | $994,244 | 0.06% | 5,187 | Common | NONE |
| H17182108 | CRSP | CRISPR THERAPEUTICS AG | $955,641 | 0.06% | 21,054 | Common | NONE |
| 375558103 | GILD | GILEAD SCIENCES INC | $912,245 | 0.06% | 12,173 | Common | NONE |
| 61945C103 | MOS | MOSAIC CO NEW | $905,557 | 0.06% | 25,437 | Common | NONE |
| 617446448 | MS | MORGAN STANLEY | $846,510 | 0.06% | 10,365 | Common | NONE |
| 150870103 | CE | CELANESE CORP DEL | $835,963 | 0.05% | 6,660 | Common | NONE |
| 29786A106 | ETSY | ETSY INC | $830,240 | 0.05% | 12,856 | Common | NONE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $818,105 | 0.05% | 21,939 | Common | NONE |
| 45104G104 | IBN | ICICI BANK LIMITED | $795,513 | 0.05% | 34,408 | Common | NONE |
| 285512109 | EA | ELECTRONIC ARTS INC | $777,302 | 0.05% | 6,456 | Common | NONE |
| 931427108 | WFC | WALGREENS BOOTS ALLIANCE INC | $775,731 | 0.05% | 34,880 | Common | NONE |
| 459506101 | IFF | INTERNATIONAL FLAVORS&FRAGRA | $774,070 | 0.05% | 11,355 | Common | NONE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $744,211 | 0.05% | 2,300 | Common | NONE |
| 422806109 | HEI | HEICO CORP NEW | $743,259 | 0.05% | 4,590 | Common | NONE |
| 34959J108 | FTV | FORTIVE CORP | $725,804 | 0.05% | 9,787 | Common | NONE |
| 45687V106 | IR | INGERSOLL RAND INC | $693,465 | 0.05% | 10,883 | Common | NONE |
| 398438408 | GRFS | GRIFOLS S A | $669,916 | 0.04% | 73,295 | Common | NONE |
| 067901108 | ABX | BARRICK GOLD CORP | $642,601 | 0.04% | 44,165 | Common | SOLE |
| 83200N103 | SMARGBP | SMARTSHEET INC | $631,176 | 0.04% | 15,600 | Common | NONE |
| 172967424 | C | CITIGROUP INC | $597,742 | 0.04% | 14,533 | Common | NONE |
| 37045V100 | GM | GENERAL MTRS CO | $581,195 | 0.04% | 17,628 | Common | NONE |
| 046353108 | AZNN | ASTRAZENECA PLC | $571,828 | 0.04% | 8,444 | Common | NONE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $564,850 | 0.04% | 6,500 | Common | SOLE |
| 244199105 | DE | DEERE & CO | $564,183 | 0.04% | 1,495 | Common | SOLE |
| 758750103 | RRX | REGAL REXNORD CORPORATION | $560,518 | 0.04% | 3,923 | Common | NONE |
| 443201108 | HWM | HOWMET AEROSPACE INC | $549,728 | 0.04% | 11,886 | Common | NONE |
| 666807102 | NOC | NORTHROP GRUMMAN CORP | $548,037 | 0.04% | 1,245 | Common | NONE |
| 148806102 | CTLTEUR | CATALENT INC | $533,202 | 0.03% | 11,711 | Common | NONE |
| 45073V108 | ITT | ITT INC | $529,106 | 0.03% | 5,404 | Common | NONE |
| 502431109 | LHX | L3HARRIS TECHNOLOGIES INC | $495,894 | 0.03% | 2,848 | Common | NONE |
| 934550203 | WMG | WARNER MUSIC GROUP CORP | $489,652 | 0.03% | 15,594 | Common | NONE |
| 852234103 | XYZ | BLOCK INC | $474,511 | 0.03% | 10,721 | Common | NONE |
| 580135101 | MCD | MCDONALDS CORP | $472,084 | 0.03% | 1,792 | Common | NONE |
| 09075V102 | BNTX | BIONTECH SE | $464,653 | 0.03% | 4,277 | Common | NONE |
| 00217Y104 | ATS | ATS CORPORATION | $459,517 | 0.03% | 10,730 | Common | NONE |
| 136375102 | CNI | CANADIAN NATL RY CO | $440,726 | 0.03% | 4,051 | Common | NONE |
| L44385109 | GLOB | GLOBANT S A | $439,227 | 0.03% | 2,220 | Common | NONE |
| 670100205 | NVO | NOVO-NORDISK A S | $402,319 | 0.03% | 4,424 | Common | NONE |
| 29414B104 | EPAM | EPAM SYS INC | $390,183 | 0.03% | 1,526 | Common | NONE |
| 48576A100 | — | KARUNA THERAPEUTICS INC | $385,863 | 0.03% | 2,282 | Common | NONE |
| 60770K107 | MRNA | MODERNA INC | $374,633 | 0.02% | 3,627 | Common | SOLE |
| 539830109 | LMT | LOCKHEED MARTIN CORP | $354,568 | 0.02% | 867 | Common | SOLE |
| 98138H101 | WDAY | WORKDAY INC | $337,744 | 0.02% | 1,572 | Common | NONE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $332,427 | 0.02% | 13,098 | Common | NONE |
| 370334104 | GIS | GENERAL MLS INC | $331,276 | 0.02% | 5,177 | Common | NONE |
| 20602D101 | CNXC | CONCENTRIX CORP | $274,136 | 0.02% | 3,422 | Common | NONE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $255,620 | 0.02% | 1,653 | Common | SOLE |
| 29260V105 | DAVA | ENDAVA PLC | $238,633 | 0.02% | 4,161 | Common | NONE |
| 875372203 | TNDM | TANDEM DIABETES CARE INC | $234,701 | 0.02% | 11,300 | Common | NONE |
| G29183103 | ETN | EATON CORP PLC | $228,636 | 0.01% | 1,072 | Common | SOLE |
| 339041105 | FLT1EUR | FLEETCOR TECHNOLOGIES INC | $220,358 | 0.01% | 863 | Common | NONE |
| N3167Y103 | RACE | FERRARI N V | $219,138 | 0.01% | 740 | Common | NONE |
| 67077M108 | NTR | NUTRIEN LTD | $210,817 | 0.01% | 3,398 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $205,649 | 0.01% | 4,638 | Common | SOLE |
| 881624209 | TEVA | TEVA PHARMACEUTICAL INDS LTD | $108,640 | 0.01% | 10,651 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.