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Defiance Large Cap Ex-mag 7 ETF

Filed by Tidal Trust II. What this fund reported holding in its latest quarterly NPORT-P. Positions are ordered by share of the fund rather than by size, because that is what separates a conviction from a rounding error.

Positions
453
matched to a ticker
Fund size
$186M
the filing's own figure
Matched value
$174.1M
of the positions below
As of
2026-08-31
S000088319

What it holds

Largest share of the fund first.

Company% of fundValue
AVGOBroadcom Inc2.71%$5M
MUMicron Technology Inc2.48%$4.6M
LLYEli Lilly and Co2.26%$4.2M
JPMJPMorgan Chase & Co2.19%$4M
AMDAdvanced Micro Devices Inc1.76%$3.2M
BRK.BBerkshire Hathaway Inc1.62%$3M
XOMExxonmobil Holdings Corp1.53%$2.8M
JNJJohnson & Johnson1.49%$2.7M
VVisa Inc1.45%$2.7M
WMTWalmart Inc1.06%$2M
ABBVAbbVie Inc1.06%$1.9M
MAMastercard Inc1.05%$1.9M
BACBank of America Corp1.01%$1.9M
CSCOCisco Systems Inc1.01%$1.9M
COSTCostco Wholesale Corp0.98%$1.8M
CVXChevron Corp0.94%$1.7M
INTCIntel Corp0.88%$1.6M
KOCoca-Cola Co0.87%$1.6M
LRCXLam Research Corp0.87%$1.6M
CATCaterpillar Inc0.84%$1.6M
AMATApplied Materials Inc0.84%$1.6M
MRKMerck & Co Inc0.84%$1.5M
GEGeneral Electric Co0.81%$1.5M
UNHUnitedHealth Group Inc0.81%$1.5M
NFLXNetflix Inc0.79%$1.4M
PGProcter & Gamble Co0.78%$1.4M
PLTRPalantir Technologies Inc0.77%$1.4M
HDHome Depot Inc0.75%$1.4M
PANWPalo Alto Networks Inc0.71%$1.3M
GSGoldman Sachs Group Inc0.69%$1.3M
PMPhilip Morris International Inc0.67%$1.2M
RTXRTX Corp0.65%$1.2M
WFCWells Fargo & Co0.61%$1.1M
ORCLOracle Corp0.59%$1.1M
MSMorgan Stanley0.59%$1.1M
GEVGE Vernova Inc0.56%$1M
TXNTexas Instruments Inc0.55%$1M
AMGNAmgen Inc0.54%$987K
KLACKLA Corp0.53%$972.3K
TMOThermo Fisher Scientific Inc0.53%$966.4K
AXPAmerican Express Co0.52%$955.2K
CCitigroup Inc0.52%$950.4K
IBMInternational Business Machines Corp0.51%$937.1K
SNDKSandisk Corp0.50%$925.9K
CRWDCrowdStrike Holdings Inc0.50%$921.7K
VZVerizon Communications Inc0.48%$882K
ANETArista Networks Inc0.47%$861.6K
CRMSalesforce Inc0.47%$860.4K
APHAmphenol Corp0.45%$826.2K
PEPPepsiCo Inc0.44%$813.1K
ABTAbbott Laboratories0.44%$806.6K
MCDMcDonald's Corp0.43%$790.9K
DISWalt Disney Co0.43%$787.6K
MRVLMarvell Technology Inc0.43%$784.8K
GILDGilead Sciences, Inc0.42%$766.7K
SCHWCharles Schwab Corp0.41%$759.7K
TAT&T Inc0.41%$758.9K
QCOMQualcomm Inc0.41%$758.3K
UNPUnion Pacific Corp0.41%$755.3K
ADIAnalog Devices Inc0.41%$746K
NEENextera Energy Inc0.40%$730.9K
WELLWelltower Inc0.38%$705.2K
BLKBlackRock Inc0.38%$702.6K
BABoeing Co0.38%$690.5K
DEDeere & Co0.38%$690.3K
PFEPfizer Inc0.37%$684.5K
COPConocoPhillips0.37%$681.1K
WDCWestern Digital Corp0.36%$654.2K
BKNGBooking Holdings Inc0.35%$650.2K
NOWServiceNow Inc0.35%$639K
TJXTJX Companies Inc0.34%$623.9K
DELLDell Technologies Inc0.33%$600.6K
DHRDanaher Corp0.32%$581.7K
VRTXVertex Pharmaceuticals Inc0.32%$581.5K
NEMNewmont Corporation0.31%$572.8K
BMYBristol-Myers Squibb Co0.31%$569.8K
ISRGIntuitive Surgical Inc0.30%$559.6K
COFCapital One Financial Corp0.30%$559K
PLDPrologis Inc0.30%$549.5K
SPGIS&P Global Inc0.30%$545.7K
LMTLockheed Martin Corp0.30%$545K
PGRProgressive Corp0.29%$536.5K
PHParker-Hannifin Corp0.28%$519.1K
SBUXStarbucks Corp0.28%$513K
CVSCVS Health Corp0.28%$507.6K
ADBEAdobe Inc0.27%$501K
GLWCorning Inc0.27%$494.8K
SYKStryker Corp0.27%$492.5K
ADPAutomatic Data Processing Inc0.27%$488.8K
LOWLowe's Companies Inc0.26%$484.1K
MOAltria Group Inc0.26%$482.4K
SNOWSnowflake Inc0.26%$476.3K
UBERUber Technologies Inc0.25%$467K
FCXFreeport-McMoRan Inc0.25%$457.4K
MPCMarathon Petroleum Corp0.25%$453.2K
BXBlackstone Inc0.24%$450.2K
MCKMcKesson Corp0.24%$447.1K
VLOValero Energy Corp0.24%$440.4K
EQIXEquinix Inc0.23%$431.2K
CMECME Group Inc0.23%$430.5K
GDGeneral Dynamics Corp0.23%$425.6K
PSXPhillips 660.23%$422.6K
SOSouthern Co0.23%$419.2K
INTUIntuit Inc0.22%$413.9K
VRTVertiv Holdings Co0.22%$412.1K
HWMHowmet Aerospace Inc0.22%$409.1K
PNCPNC Financial Services Group Inc0.22%$405.7K
USBUS Bancorp0.22%$402.9K
CMCSAComcast Corp0.22%$397.5K
CSXCSX Corp0.22%$395.7K
CEGConstellation Energy Corp0.21%$395.7K
DUKDuke Energy Corp0.21%$394.4K
CDNSCadence Design Systems Inc0.21%$392.3K
MRSHMarsh & McLennan Companies Inc0.21%$385.9K
WMBWilliams Companies Inc0.21%$385.8K
PWRQuanta Services Inc0.21%$380K
TMUST-Mobile US Inc0.21%$378.2K
SLBSLB NV0.21%$378.1K
MMM3M Co0.21%$378K
WMWaste Management Inc0.20%$375.2K
MCOMoody's Corp0.20%$371.4K
NETCloudflare Inc0.20%$363.4K
EMREmerson Electric Co0.20%$359.6K
ELVElevance Health Inc0.19%$352.9K
AMTAmerican Tower Corp0.19%$344.7K
APPApplovin Corp0.18%$338.9K
SNPSSynopsys Inc0.18%$338K
MSIMotorola Solutions Inc0.18%$337.8K
MDLZMondelez International Inc0.18%$335.9K
REGNRegeneron Pharmaceuticals Inc0.18%$335.6K
ITWIllinois Tool Works Inc0.18%$333.2K
SHWSherwin-Williams Co0.18%$330K
TRVTravelers Companies Inc0.18%$329.7K
FTNTFortinet Inc0.18%$329K
UPSUnited Parcel Service Inc0.18%$328.5K
EOGEOG Resources Inc0.18%$325K
NOCNorthrop Grumman Corp0.18%$324.4K
NSCNorfolk Southern Corp0.18%$324.3K
CMICummins Inc0.18%$324K
KKRKKR & Co Inc0.17%$319.6K
ORLYO'Reilly Automotive Inc0.17%$309.2K
TGTTarget Corp0.17%$307.8K
MARMarriott International Inc0.17%$307.6K
CICigna Group0.16%$303.1K
CLColgate-Palmolive Co0.16%$302.9K
BSXBoston Scientific Corp0.16%$302.8K
ROSTRoss Stores Inc0.16%$302.6K
FDXFedEx Corp0.16%$301.2K
ECLEcolab Inc0.16%$300.8K
ICEIntercontinental Exchange Inc0.16%$298.9K
LITELumentum Holdings Inc0.16%$292.7K
HPEHewlett Packard Enterprise Co0.16%$291.3K
APDAir Products and Chemicals Inc0.16%$290.6K
WBDWarner Bros Discovery Inc0.16%$287.7K
CTASCintas Corp0.16%$287.6K
SPGSimon Property Group Inc0.16%$287.5K
HONHoneywell International Inc0.16%$286.2K
ABNBAirbnb Inc0.15%$280.9K
AEPAmerican Electric Power Company Inc0.15%$280.4K
ALLAllstate Corp0.15%$279.2K
AJGArthur J. Gallagher & Co.0.15%$278.4K
APOApollo Global Management Inc0.15%$277.3K
HOODRobinhood Markets Inc0.15%$275.8K
DLRDigital Realty Trust Inc0.15%$275.2K
PCARPaccar Inc0.15%$270.6K
URIUnited Rentals Inc0.15%$269.9K
MNSTMonster Beverage Corp0.15%$268.9K
DASHDoorDash Inc0.15%$268.6K
BKRBaker Hughes Co0.14%$265.6K
KMIKinder Morgan Inc0.14%$264.3K
CORCencora Inc0.14%$263.7K
DDOGDatadog Inc (Pre-Reincorporation)0.14%$262.6K
TFCTruist Financial Corp0.14%$260.5K
LNGCheniere Energy Inc0.14%$254.4K
OXYOccidental Petroleum Corp0.14%$251.9K
MPWRMonolithic Power Systems Inc0.14%$251K
DDominion Energy Inc0.13%$244.8K
GWWWW Grainger Inc0.13%$242.3K
ORealty Income Corp0.13%$240.8K
CTVACorteva Inc0.13%$240.7K
FASTFastenal Co0.13%$238.7K
NUENucor Corp0.13%$238.2K
KEYSKeysight Technologies Inc0.13%$231.7K
CAHCardinal Health Inc0.13%$230.9K
TERTeradyne Inc0.13%$230.5K
FFord Motor Co0.12%$229.9K
DVNDevon Energy Corp0.12%$229K
CIENCiena Corp0.12%$227.4K
AMEAMETEK Inc0.12%$226.2K
SRESempra0.12%$225.2K
FIXComfort Systems USA Inc0.12%$224.1K
ADSKAutodesk Inc0.12%$222.6K
HCAHCA Healthcare Inc0.12%$222.6K
AFLAflac Inc0.12%$222.1K
METMetLife Inc0.12%$219K
COHRCoherent Corp0.12%$218.9K
EWEdwards Lifesciences Corp0.12%$217.8K
BDXBecton Dickinson and Co0.12%$217.6K
STTState Street Corp0.12%$217.6K
DALDelta Air Lines Inc0.12%$215.7K
BEBloom Energy Corp0.12%$214.1K
CVNACarvana Co0.12%$213.7K
GMGeneral Motors Co0.12%$213.6K
LHXL3Harris Technologies Inc0.11%$208.7K
AZOAutozone Inc0.11%$206.4K
ETREntergy Corp0.11%$204.9K
FITBFifth Third Bancorp0.11%$204.8K
PSAPublic Storage0.11%$203.8K
WABWestinghouse Air Brake Technologies Corp0.11%$203.3K
AMPAmeriprise Financial Inc0.11%$202.4K
PYPLPayPal Holdings Inc0.11%$200.7K
XELXcel Energy Inc0.11%$199.1K
ROKRockwell Automation Inc0.11%$198.2K
TRGPTarga Resources Corp0.11%$197K
EBAYeBay Inc0.11%$193.6K
HUMHumana Inc0.10%$193.1K
NKENike Inc0.10%$192.8K
CARRCarrier Global Corp0.10%$192K
EXCExelon Corp0.10%$188.7K
VEEVVeeva Systems Inc0.10%$187.7K
VTRVentas Inc0.10%$186K
IDXXIDEXX Laboratories Inc0.10%$185.4K
NDAQNasdaq Inc0.10%$185.2K
MSTRStrategy Inc0.10%$185.1K
VSTVistra Corp0.10%$184.1K
AXONAxon Enterprise Inc0.10%$183K
RSGRepublic Services Inc0.10%$182.5K
AAgilent Technologies Inc0.10%$182.4K
XYZBlock Inc0.10%$180.4K
IBKRInteractive Brokers Group Inc0.10%$180.3K
ROPRoper Technologies Inc0.10%$177.9K
AIGAmerican International Group Inc0.10%$175.6K
CBRECBRE Group Inc0.09%$174.7K
YUMYum! Brands Inc0.09%$174.6K
KDPKeurig Dr Pepper Inc0.09%$174.5K
PAYXPaychex Inc0.09%$172.7K
ALABAstera Labs, Inc0.09%$172K
WATWaters Corp0.09%$171.7K
HLTHilton Worldwide Holdings Inc0.09%$171.4K
WDAYWorkday Inc0.09%$168.6K
COINCoinbase Global Inc0.09%$168K
PRUPrudential Financial Inc0.09%$167K
EDConsolidated Edison Inc0.09%$166.1K
MSCIMSCI Inc0.09%$166.1K
FANGDiamondback Energy Inc0.09%$164.8K
MCHPMicrochip Technology Inc0.09%$164.7K
ADMArcher-Daniels-Midland Co0.09%$164.2K
SYYSysco Corp0.09%$162.2K
TTWOTake-Two Interactive Software Inc0.09%$159.5K
HIGHartford Insurance Group Inc0.08%$156.3K
TDGTransDigm Group Inc0.08%$155.8K
ODFLOld Dominion Freight Line Inc0.08%$154.8K
PEGPublic Service Enterprise Group Inc0.08%$154K
DHID.R. Horton Inc0.08%$153.8K
KMBKimberly-Clark Corp0.08%$153.4K
VMCVulcan Materials Co0.08%$153.4K
NTAPNetApp Inc0.08%$153K
KVUEKenvue Inc0.08%$153K
MDBMongoDB Inc0.08%$151.4K
EXPEExpedia Group Inc0.08%$151.3K
TWLOTwilio Inc0.08%$150.6K
KRKroger Co0.08%$148.1K
UALUnited Airlines Holdings Inc0.08%$147.3K
WECWEC Energy Group Inc0.08%$145.6K
IRMIron Mountain Inc0.08%$143.1K
HBANHuntington Bancshares Inc0.08%$143K
MTBM&T Bank Corp0.08%$142.7K
LYVLive Nation Entertainment Inc0.08%$141.8K
EQTEQT Corp0.08%$141.5K
RMDResmed Inc0.08%$140.7K
ALNYAlnylam Pharmaceuticals Inc0.08%$140.3K
CCICrown Castle Inc0.08%$140.2K
RKLBRocket Lab USA, Inc.0.08%$139.3K
ZTSZoetis Inc0.07%$137.8K
NTRSNorthern Trust Corp0.07%$136.6K
ILMNIllumina Inc0.07%$135.9K
EMEEMCOR Group Inc0.07%$135.2K
NTRANatera Inc0.07%$134.6K
STLDSteel Dynamics Inc0.07%$133.5K
IQVIQVIA Holdings Inc0.07%$131.6K
CNCCentene Corp0.07%$131.3K
RJFRaymond James Financial Inc0.07%$131.1K
HALHalliburton Co0.07%$129.4K
GEHCGE Healthcare Technologies Inc0.07%$129.3K
MLMMartin Marietta Materials Inc0.07%$129.2K
CTSHCognizant Technology Solutions Corp0.07%$128.4K
KHCKraft Heinz Co0.07%$128.3K
BIIBBiogen Inc0.07%$127.2K
CRWVCoreWeave Inc0.07%$125.7K
TEAMAtlassian Corp0.07%$124.7K
JBLJabil Inc0.07%$124.5K
AEEAmeren Corp0.07%$123.3K
PCGPG&E Corp0.07%$122.7K
ARESAres Management Corp0.07%$122K
ONON Semiconductor Corp0.07%$121.7K
EXRExtra Space Storage Inc0.07%$120.6K
OKTAOkta Inc0.07%$120.6K
FISVFiserv Inc0.06%$119.5K
TDYTeledyne Technologies Inc0.06%$117.7K
CPRTCopart Inc0.06%$117.5K
ATOAtmos Energy Corp0.06%$116.1K
DTEDTE Energy Co0.06%$115.7K
HPQHP Inc0.06%$115.7K
VICIVICI Properties Inc0.06%$115.5K
OTISOtis Worldwide Corp0.06%$115.1K
FEFirstEnergy Corp0.06%$111.9K
DGXQuest Diagnostics Inc0.06%$111.5K
DOVDover Corp0.06%$111.5K
ESEversource Energy0.06%$111.2K
MTDMettler-toledo International Inc0.06%$111K
WSMWilliams-Sonoma Inc0.06%$110.7K
CASYCaseys General Stores Inc0.06%$110.6K
OMCOmnicom Group Inc0.06%$110.6K
INSMInsmed Inc0.06%$110.4K
VRSKVerisk Analytics Inc0.06%$110.1K
LHLabcorp Holdings Inc0.06%$109.8K
CNPCenterPoint Energy Inc0.06%$109.1K
RBLXRoblox Corp0.06%$108.4K
EXPDExpeditors International of Washington Inc0.06%$108.3K
PPLPPL Corp0.06%$108.2K
FICOFair Isaac Corp0.06%$107.8K
XYLXylem Inc0.06%$107.5K
RFRegions Financial Corp0.06%$107.4K
ELEstee Lauder Companies Inc0.06%$106.4K
TPLTexas Pacific Land Corp0.06%$106.3K
QQnity Electronics Inc0.06%$105.8K
INCYIncyte Corp0.06%$105.7K
CMGChipotle Mexican Grill Inc0.06%$105.4K
TPRTapestry Inc0.06%$105.3K
VRSNVeriSign, Inc0.06%$104.4K
CINFCincinnati Financial Corp0.06%$103.6K
HSYHershey Co0.06%$103.4K
DRIDarden Restaurants Inc0.06%$102.8K
ZMZoom Communications Inc0.06%$101.9K
PHMPultegroup Inc0.05%$100.7K
PPGPPG Industries Inc0.05%$100.4K
HUBBHubbell Inc0.05%$99.7K
CHDChurch & Dwight Co Inc0.05%$99.6K
DLTRDollar Tree Inc0.05%$98.7K
EXEExpand Energy Corp0.05%$98.7K
KEYKeyCorp0.05%$98.6K
WSTWest Pharmaceutical Services Inc0.05%$98.2K
VLTOVeralto Corp0.05%$97.9K
PFGPrincipal Financial Group Inc0.05%$97.1K
TROWT Rowe Price Group Inc0.05%$96.6K
NRGNRG Energy Inc0.05%$96K
SOFISoFi Technologies Inc0.05%$95.1K
FWONKFormula One Group0.05%$93.4K
DXCMDexcom Inc0.05%$92.7K
DOWDow Inc0.05%$92.6K
GISGeneral Mills Inc0.05%$92.4K
MKLMarkel Group Inc0.05%$91.9K
IFFInternational Flavors & Fragrances Inc0.05%$91.3K
CWCurtiss-Wright Corp0.05%$89.7K
FISFidelity National Information Services Inc0.05%$88.8K
EFXEquifax Inc0.05%$88.5K
BRBroadridge Financial Solutions Inc0.05%$88.3K
CMSCMS Energy Corp0.05%$88.2K
EIXEdison International0.05%$87.5K
GPNGlobal Payments Inc0.05%$87.5K
XPOXPO Inc0.05%$87.3K
DGDollar General Corp0.05%$87.1K
IPInternational Paper Co0.05%$86.6K
ENTGEntegris Inc0.05%$86.5K
CPNGCoupang Inc0.05%$86.3K
RDDTReddit Inc0.05%$85.3K
BROBrown & Brown Inc0.05%$84.7K
AFRMAffirm Holdings Inc0.05%$84.6K
NINiSource Inc0.04%$82.5K
ESSEssex Property Trust Inc0.04%$82.3K
PKGPackaging Corp of America0.04%$81.6K
ZBHZimmer Biomet Holdings, Inc0.04%$81.3K
LPLALPL Financial Holdings Inc0.04%$81.1K
JBHTJ B Hunt Transport Services Inc0.04%$81K
CFCF Industries Holdings Inc0.04%$80K
VTRSViatris Inc0.04%$79.9K
STZConstellation Brands Inc0.04%$79.8K
CFGCitizens Financial Group Inc0.04%$79.2K
LUVSouthwest Airlines Co0.04%$79K
AWKAmerican Water Works Co Inc0.04%$78.5K
SBACSBA Communications Corp0.04%$78.1K
EVRGEvergy Inc0.04%$77.7K
SMCISuper Micro Computer Inc0.04%$77.5K
FTVFortive Corp0.04%$77.4K
GPCGenuine Parts Co0.04%$77.2K
TSCOTractor Supply Co0.04%$77K
DDDupont De Nemours Inc0.04%$76.7K
LENLennar Corp0.04%$75.2K
HEI.AHEICO Corp0.04%$74K
LNTAlliant Energy Corp0.04%$73.9K
ZSZscaler Inc0.04%$73.8K
LLoews Corp0.04%$73.5K
JJacobs Solutions Inc0.04%$73.5K
BALLBall Corp0.04%$71.7K
PTCPTC Inc0.04%$71.6K
WYWeyerhaeuser Co0.04%$70.8K
SCCOSouthern Copper Corp0.04%$70.8K
NLYAnnaly Capital Management Inc0.04%$70.7K
GENGen Digital Inc0.04%$70.6K
NVRNVR Inc0.04%$69.5K
CPAYCorpay Inc0.04%$68.7K
LDOSLeidos Holdings Inc0.04%$68.4K
BBYBest Buy Co Inc0.04%$68.4K
IEXIDEX Corp0.04%$67.9K
FCNCAFirst Citizens BancShares Inc (Delaware)0.04%$67.1K
GWREGuidewire Software Inc0.04%$66.5K
WRBW. R. Berkley Corp0.04%$66.3K
AKAMAkamai Technologies Inc0.04%$65.2K
WPCW.p. Carey Inc0.04%$65K
ULTAUlta Beauty Inc0.04%$65K
TRUTransUnion0.03%$63.9K
IRIngersoll Rand Inc0.03%$63.6K
CHTRCharter Communications Inc0.03%$63K
TOSTToast Inc0.03%$62.9K
SWKStanley Black & Decker Inc0.03%$62.9K
TSNTyson Foods Inc0.03%$62.8K
MAAMid-America Apartment Communities Inc0.03%$62.5K
SYFSynchrony Financial0.03%$62.4K
HSTHost Hotels and Resorts, Inc0.03%$62.4K
MASMasco Corp0.03%$61.6K
MTZMasTec Inc0.03%$61.6K
DOCHealthpeak Properties Inc0.03%$60.4K
STRLSterling Infrastructure Inc0.03%$58.8K
TXTTextron Inc0.03%$58.6K
TRMBTrimble Inc0.03%$58.6K
MKCMcCormick & Company Inc0.03%$57.6K
REGRegency Centers Corp0.03%$57.3K
COOCooper Companies Inc0.03%$57.2K
SUISun Communities Inc0.03%$57.2K
TYLTyler Technologies Inc0.03%$56.6K
CNACNA Financial Corp0.03%$56.2K
GDDYGoDaddy Inc0.03%$55.6K
CSGPCostar Group Inc0.03%$54.6K
FSLRFirst Solar Inc0.03%$54.1K
AVYAvery Dennison Corp0.03%$52.8K
ELSEquity LifeStyle Properties Inc0.03%$51.2K
CSLCarlisle Companies Inc0.03%$50.9K
DECKDeckers Outdoor Corp0.03%$50.3K
UDRUDR Inc0.03%$50.3K
CLXClorox Co0.03%$49.3K
LULULululemon Athletica Inc0.03%$48.5K
CDWCDW Corp0.03%$48.4K
ROLRollins Inc0.03%$47.6K
INVHInvitation Homes Inc0.02%$45.4K
CPTCamden Property Trust0.02%$43.1K
LIILennox International Inc0.02%$42.5K
SSNCSS&C Technologies Holdings Inc0.02%$41.2K
MTSIMACOM Technology Solutions Holdings Inc0.02%$37.5K
BURLBurlington Stores Inc0.02%$34.5K
HRLHormel Foods Corp0.02%$31.8K
LVSLas Vegas Sands Corp0.02%$29.9K
FNFFidelity National Financial Inc0.02%$28.8K
UIUbiquiti Inc0.01%$9.4K

Source: NPORT-P filings, via EDGAR. Positions arrive by CUSIP, and only a CUSIP verified against a ticker is kept — so this is what we could match, not everything the fund holds, and the matched value is therefore below the fund's own size. A balance is shares where the filing says `NS` and a principal amount where it says `PA`, which is why it is not labelled shares in both cases.

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