Borqs Ownership 2024 | Who Owns Borqs Now?

OverviewChart

Institutional Ownership

1.96%

Insider Ownership

60.40%

Retail Ownership

37.64%

Institutional Holders

12.00

Borqs Institutional Shareholders

Institutional Shareholders by % of Total Shares

Name	% Total Shares	% Total Assets	Current Shares	Change Amount	Change %	Market Value	Date
MILLENNIUM MANAGEMENT LLC	5.72%	0.00%	421,936	-803,204	-65.56%	105,000	Mar 31, 2023
NVP ASSOCIATES, LLC	1.37%	0.03%	101,148	-	-	25,287,000	Mar 31, 2023
GSA CAPITAL PARTNERS LLP	1.17%	0.00%	86,300	57,893	203.80%	22,000	Mar 31, 2023
HRT FINANCIAL LP	0.75%	0.00%	54,946	23,058	72.31%	13,000	Mar 31, 2023
TWO SIGMA SECURITIES, LLC	0.48%	0.00%	35,070	-21,116	-37.58%	8,768,000	Mar 31, 2023
BARCLAYS PLC	0.25%	-	18,750	-	-	5,000	Mar 31, 2023
UBS GROUP AG	0.25%	-	18,227	18,227	100.00%	4,557,000	Mar 31, 2023
SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.14%	-	10,451	10,451	100.00%	2,613,000	Mar 31, 2023
AVANTAX PLANNING PARTNERS, INC.	0.14%	0.00%	10,000	-	-	2,500,000	Mar 31, 2023
ALLWORTH FINANCIAL LP	0.00%	-	363	-	-	91,000	Mar 31, 2023
NEWEDGE ADVISORS, LLC	0.00%	-	64	64	100.00%	16,000	Mar 31, 2023
VIRTU FINANCIAL LLC	-	-	-	-350,046	-100.00%	-	Mar 31, 2023
ADVISOR GROUP HOLDINGS, INC.	-	-	-	-47	-100.00%	-	Mar 31, 2023
JANE STREET GROUP, LLC	-	-	-	-27,109	-100.00%	-	Mar 31, 2023
CITADEL ADVISORS LLC	-	-	-	-263,888	-100.00%	-	Mar 31, 2023
PATHSTONE FAMILY OFFICE, LLC	-	-	-	-54,275	-100.00%	-	Mar 31, 2023

Borqs's largest institutional shareholder is MILLENNIUM MANAGEMENT LLC, holding 5.72% of the company's total share outstanding, currently valued at $105.00K. The top 10 institutional shareholders own together 10.27% of the company.

Institutional Shareholders by % of Total Assets

Name	% Total Shares	% Total Assets	Current Shares	Change Amount	Change %	Market Value	Date
NVP ASSOCIATES, LLC	1.37%	0.03%	101,148	-	-	25,287,000	Mar 31, 2023
GSA CAPITAL PARTNERS LLP	1.17%	0.00%	86,300	57,893	203.80%	22,000	Mar 31, 2023
TWO SIGMA SECURITIES, LLC	0.48%	0.00%	35,070	-21,116	-37.58%	8,768,000	Mar 31, 2023
HRT FINANCIAL LP	0.75%	0.00%	54,946	23,058	72.31%	13,000	Mar 31, 2023
AVANTAX PLANNING PARTNERS, INC.	0.14%	0.00%	10,000	-	-	2,500,000	Mar 31, 2023
MILLENNIUM MANAGEMENT LLC	5.72%	0.00%	421,936	-803,204	-65.56%	105,000	Mar 31, 2023
BARCLAYS PLC	0.25%	-	18,750	-	-	5,000	Mar 31, 2023
UBS GROUP AG	0.25%	-	18,227	18,227	100.00%	4,557,000	Mar 31, 2023
ALLWORTH FINANCIAL LP	0.00%	-	363	-	-	91,000	Mar 31, 2023
SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.14%	-	10,451	10,451	100.00%	2,613,000	Mar 31, 2023
NEWEDGE ADVISORS, LLC	0.00%	-	64	64	100.00%	16,000	Mar 31, 2023
JANE STREET GROUP, LLC	-	-	-	-27,109	-100.00%	-	Mar 31, 2023
CITADEL ADVISORS LLC	-	-	-	-263,888	-100.00%	-	Mar 31, 2023
ADVISOR GROUP HOLDINGS, INC.	-	-	-	-47	-100.00%	-	Mar 31, 2023
PATHSTONE FAMILY OFFICE, LLC	-	-	-	-54,275	-100.00%	-	Mar 31, 2023
VIRTU FINANCIAL LLC	-	-	-	-350,046	-100.00%	-	Mar 31, 2023

The largest Borqs shareholder by % of total assets is NVP ASSOCIATES, LLC. The company owns 101.15K shares of Borqs (BRQS), representing 0.03% of its total assets.

Institutional Buyers

Name	% Total Shares	% Total Assets	Current Shares	Change Amount	Change %	Market Value	Date
GSA CAPITAL PARTNERS LLP	1.17%	0.00%	86,300	57,893	203.80%	22,000	Mar 31, 2023
HRT FINANCIAL LP	0.75%	0.00%	54,946	23,058	72.31%	13,000	Mar 31, 2023
UBS GROUP AG	0.25%	-	18,227	18,227	100.00%	4,557,000	Mar 31, 2023
SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.14%	-	10,451	10,451	100.00%	2,613,000	Mar 31, 2023
NEWEDGE ADVISORS, LLC	0.00%	-	64	64	100.00%	16,000	Mar 31, 2023
ALLWORTH FINANCIAL LP	0.00%	-	363	-	-	91,000	Mar 31, 2023
BARCLAYS PLC	0.25%	-	18,750	-	-	5,000	Mar 31, 2023
AVANTAX PLANNING PARTNERS, INC.	0.14%	0.00%	10,000	-	-	2,500,000	Mar 31, 2023
NVP ASSOCIATES, LLC	1.37%	0.03%	101,148	-	-	25,287,000	Mar 31, 2023
ADVISOR GROUP HOLDINGS, INC.	-	-	-	-47	-100.00%	-	Mar 31, 2023
TWO SIGMA SECURITIES, LLC	0.48%	0.00%	35,070	-21,116	-37.58%	8,768,000	Mar 31, 2023
JANE STREET GROUP, LLC	-	-	-	-27,109	-100.00%	-	Mar 31, 2023
PATHSTONE FAMILY OFFICE, LLC	-	-	-	-54,275	-100.00%	-	Mar 31, 2023
CITADEL ADVISORS LLC	-	-	-	-263,888	-100.00%	-	Mar 31, 2023
VIRTU FINANCIAL LLC	-	-	-	-350,046	-100.00%	-	Mar 31, 2023
MILLENNIUM MANAGEMENT LLC	5.72%	0.00%	421,936	-803,204	-65.56%	105,000	Mar 31, 2023

As of Mar 31 2023, Borqs's largest institutional buyer is GSA CAPITAL PARTNERS LLP. The company purchased 57.89K stocks of BRQS, valued at $22.00K.

Institutional Sellers

Name	% Total Shares	% Total Assets	Current Shares	Change Amount	Change %	Market Value	Date
MILLENNIUM MANAGEMENT LLC	5.72%	0.00%	421,936	-803,204	-65.56%	105,000	Mar 31, 2023
VIRTU FINANCIAL LLC	-	-	-	-350,046	-100.00%	-	Mar 31, 2023
CITADEL ADVISORS LLC	-	-	-	-263,888	-100.00%	-	Mar 31, 2023
PATHSTONE FAMILY OFFICE, LLC	-	-	-	-54,275	-100.00%	-	Mar 31, 2023
JANE STREET GROUP, LLC	-	-	-	-27,109	-100.00%	-	Mar 31, 2023
TWO SIGMA SECURITIES, LLC	0.48%	0.00%	35,070	-21,116	-37.58%	8,768,000	Mar 31, 2023
ADVISOR GROUP HOLDINGS, INC.	-	-	-	-47	-100.00%	-	Mar 31, 2023
NVP ASSOCIATES, LLC	1.37%	0.03%	101,148	-	-	25,287,000	Mar 31, 2023
AVANTAX PLANNING PARTNERS, INC.	0.14%	0.00%	10,000	-	-	2,500,000	Mar 31, 2023
BARCLAYS PLC	0.25%	-	18,750	-	-	5,000	Mar 31, 2023
ALLWORTH FINANCIAL LP	0.00%	-	363	-	-	91,000	Mar 31, 2023
NEWEDGE ADVISORS, LLC	0.00%	-	64	64	100.00%	16,000	Mar 31, 2023
SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.14%	-	10,451	10,451	100.00%	2,613,000	Mar 31, 2023
UBS GROUP AG	0.25%	-	18,227	18,227	100.00%	4,557,000	Mar 31, 2023
HRT FINANCIAL LP	0.75%	0.00%	54,946	23,058	72.31%	13,000	Mar 31, 2023
GSA CAPITAL PARTNERS LLP	1.17%	0.00%	86,300	57,893	203.80%	22,000	Mar 31, 2023

As of Mar 31 2023, Borqs's biggest institutional seller is MILLENNIUM MANAGEMENT LLC. The company sold -0.80M shares of BRQS, valued at $105.00K.

Institutional New positions

Name	% Total Shares	% Total Assets	Current Shares	Change Amount	Change %	Market Value	Date
UBS GROUP AG	0.25%	-	18,227	18,227	100.00%	4,557,000	Mar 31, 2023
SUSQUEHANNA INTERNATIONAL GROUP, LLP	0.14%	-	10,451	10,451	100.00%	2,613,000	Mar 31, 2023
NEWEDGE ADVISORS, LLC	0.00%	-	64	64	100.00%	16,000	Mar 31, 2023

Borqs's largest new institutional shareholder by number of shares is UBS GROUP AG, purchased 18.23K shares, valued at $4.56M, as of undefined.

Institutional Sold Out

Name	% Total Shares	% Total Assets	Current Shares	Change Amount	Change %	Market Value	Date
VIRTU FINANCIAL LLC	-	-	-	-350,046	-100.00%	-	Mar 31, 2023
CITADEL ADVISORS LLC	-	-	-	-263,888	-100.00%	-	Mar 31, 2023
PATHSTONE FAMILY OFFICE, LLC	-	-	-	-54,275	-100.00%	-	Mar 31, 2023
JANE STREET GROUP, LLC	-	-	-	-27,109	-100.00%	-	Mar 31, 2023
ADVISOR GROUP HOLDINGS, INC.	-	-	-	-47	-100.00%	-	Mar 31, 2023

Borqs's largest sold out institutional shareholder by shares sold is VIRTU FINANCIAL LLC, sold -0.35M shares, valued at -, as of undefined.

Borqs Mutual Fund Holders

Name	% Total Assets	Total Shares	Change Amount	Change %	Date
Dunham Funds	0.00%	105,552	-	-	Jan 31, 2024
Dunham Funds	0.00%	61,731	-	-	Jan 31, 2024

Borqs's largest mutual fund holder by % of total assets is "Dunham Funds", owning 105.55K shares, compromising 0.00% of its total assets.

Borqs Institutional Ownership Trends

Institutional Holdings Trend

Date	Holdings	Change %
31 Mar, 22	12	100.00%
31 Dec, 21	6	-50.00%
30 Sep, 21	12	-
30 Jun, 21	12	-36.84%
31 Mar, 21	19	111.11%
31 Dec, 20	9	28.57%
30 Sep, 20	7	-
30 Jun, 20	7	40.00%
31 Mar, 20	5	25.00%
31 Dec, 19	4	-20.00%
30 Sep, 19	5	-16.67%
30 Jun, 19	6	-
31 Mar, 19	6	20.00%
31 Dec, 18	5	-28.57%
30 Sep, 18	7	-22.22%
30 Jun, 18	9	12.50%
31 Mar, 18	8	-11.11%
31 Dec, 17	9	28.57%
30 Sep, 17	7	-

As of 31 Mar 22, 12 institutions are holding Borqs's shares, representing an increase of 100.00% compared to the previous quarter.

Shares Outstanding Trend

Date	Shares Outstanding	Change %
31 Mar, 22	2,305,881	67.98%
31 Dec, 21	1,372,695	-10.01%
30 Sep, 21	1,525,366	207.22%
30 Jun, 21	496,509	-65.33%
31 Mar, 21	1,431,915	110.89%
31 Dec, 20	678,997	-85.61%
30 Sep, 20	4,717,443	4.34%
30 Jun, 20	4,521,291	-10.28%
31 Mar, 20	5,039,493	15.49%
31 Dec, 19	4,363,638	-41.01%
30 Sep, 19	7,397,120	-7.59%
30 Jun, 19	8,004,472	-0.03%
31 Mar, 19	8,006,972	-0.02%
31 Dec, 18	8,008,517	2.05%
30 Sep, 18	7,847,407	-0.21%
30 Jun, 18	7,863,547	0.85%
31 Mar, 18	7,797,157	5.83%
31 Dec, 17	7,367,576	69.18%
30 Sep, 17	4,354,763	-

Borqs (BRQS) has 2.31M shares outstanding as of 31 Mar 22, up 67.98% compared to the previous quarter.

Institutional Ownership Trend

Date	Ownership %	Change %
31 Mar, 22	1.96%	144.31%
31 Dec, 21	1.16%	69.58%
30 Sep, 21	1.29%	729.74%
30 Jun, 21	0.42%	28.55%
31 Mar, 21	1.21%	366.26%
31 Dec, 20	0.58%	3.60%
30 Sep, 20	4.00%	27.22%
30 Jun, 20	3.83%	21.00%
31 Mar, 20	4.27%	31.21%
31 Dec, 19	3.70%	9.40%
30 Sep, 19	6.27%	13.61%
30 Jun, 19	6.79%	14.72%
31 Mar, 19	6.79%	14.72%
31 Dec, 18	6.79%	15.34%
30 Sep, 18	6.65%	14.97%
30 Jun, 18	6.67%	15.25%
31 Mar, 18	6.61%	16.94%
31 Dec, 17	6.25%	45.82%
30 Sep, 17	3.69%	-

As of 31 Mar 22, Borqs is held by 1.96% institutional shareholders, representing a 144.31% growth compared to 31 Dec 21.

Institutional Increased Positions Trend

Date	Increased Positions	Change %
31 Mar, 22	9	350.00%
31 Dec, 21	2	-80.00%
30 Sep, 21	10	100.00%
30 Jun, 21	5	-72.22%
31 Mar, 21	18	125.00%
31 Dec, 20	8	60.00%
30 Sep, 20	5	25.00%
30 Jun, 20	4	100.00%
31 Mar, 20	2	-
31 Dec, 19	-	-100.00%
30 Sep, 19	1	-
30 Jun, 19	-	-100.00%
31 Mar, 19	1	-
31 Dec, 18	1	-
30 Sep, 18	1	-66.67%
30 Jun, 18	3	-
31 Mar, 18	3	-25.00%
31 Dec, 17	4	-42.86%
30 Sep, 17	7	-

9 institutional shareholders have increased their position in BRQS stock as of 31 Mar 22 compared to 2 in the previous quarter (a 350.00% increase).

Institutional Reduced Positions Trend

Date	Reduced Positions	Change %
31 Mar, 22	-	-100.00%
31 Dec, 21	1	-
30 Sep, 21	-	-100.00%
30 Jun, 21	5	-
31 Mar, 21	-	-
31 Dec, 20	-	-
30 Sep, 20	-	-100.00%
30 Jun, 20	2	100.00%
31 Mar, 20	1	-
31 Dec, 19	-	-100.00%
30 Sep, 19	1	-
30 Jun, 19	1	-66.67%
31 Mar, 19	3	50.00%
31 Dec, 18	2	-
30 Sep, 18	2	-33.33%
30 Jun, 18	3	-
31 Mar, 18	3	50.00%
31 Dec, 17	2	-
30 Sep, 17	-	-

- institutional shareholders have reduced their position in BRQS stock as of 31 Mar 22 compared to 1 in the previous quarter (a -100.00% decrease).

All Institutional Ownership Trend Data

Date	Holdings	Change %	Shares Outstanding	Change %	Ownership %	Change %	Increased Positions	Change %	Reduced Positions	Change %
31 Mar, 22	12	100.00%	2,305,881	67.98%	1.96%	144.31%	9	350.00%	-	-100.00%
31 Dec, 21	6	-50.00%	1,372,695	-10.01%	1.16%	69.58%	2	-80.00%	1	-
30 Sep, 21	12	-	1,525,366	207.22%	1.29%	729.74%	10	100.00%	-	-100.00%
30 Jun, 21	12	-36.84%	496,509	-65.33%	0.42%	28.55%	5	-72.22%	5	-
31 Mar, 21	19	111.11%	1,431,915	110.89%	1.21%	366.26%	18	125.00%	-	-
31 Dec, 20	9	28.57%	678,997	-85.61%	0.58%	3.60%	8	60.00%	-	-
30 Sep, 20	7	-	4,717,443	4.34%	4.00%	27.22%	5	25.00%	-	-100.00%
30 Jun, 20	7	40.00%	4,521,291	-10.28%	3.83%	21.00%	4	100.00%	2	100.00%
31 Mar, 20	5	25.00%	5,039,493	15.49%	4.27%	31.21%	2	-	1	-
31 Dec, 19	4	-20.00%	4,363,638	-41.01%	3.70%	9.40%	-	-100.00%	-	-100.00%
30 Sep, 19	5	-16.67%	7,397,120	-7.59%	6.27%	13.61%	1	-	1	-
30 Jun, 19	6	-	8,004,472	-0.03%	6.79%	14.72%	-	-100.00%	1	-66.67%
31 Mar, 19	6	20.00%	8,006,972	-0.02%	6.79%	14.72%	1	-	3	50.00%
31 Dec, 18	5	-28.57%	8,008,517	2.05%	6.79%	15.34%	1	-	2	-
30 Sep, 18	7	-22.22%	7,847,407	-0.21%	6.65%	14.97%	1	-66.67%	2	-33.33%
30 Jun, 18	9	12.50%	7,863,547	0.85%	6.67%	15.25%	3	-	3	-
31 Mar, 18	8	-11.11%	7,797,157	5.83%	6.61%	16.94%	3	-25.00%	3	50.00%
31 Dec, 17	9	28.57%	7,367,576	69.18%	6.25%	45.82%	4	-42.86%	2	-
30 Sep, 17	7	-	4,354,763	-	3.69%	-	7	-	-	-

Borqs Insider Shareholders Trades

Open Market Insider Trades

Date	Name	Relation	Role	Transaction	Buy/Sell	Shares	Price	Value	Shares Held
Aug 22, 2017	Zhengqi International Holding Ltd	10 percent owner	-	P-Purchase	Buy	966,136	$10.40	$10.05M	2,461,307
Aug 22, 2017	Zhengqi International Holding Ltd	10 percent owner	-	P-Purchase	Buy	497,671	$12.00	$5.97M	497,671
Aug 22, 2017	Zhengqi International Holding Ltd	10 percent owner	-	P-Purchase	Buy	497,671	-	-	497,671

Open Market Insider Buys

Date	Name	Relation	Role	Transaction	Buy/Sell	Shares	Price	Value	Shares Held
Aug 22, 2017	Zhengqi International Holding Ltd	10 percent owner	-	P-Purchase	Buy	966,136	$10.40	$10.05M	2,461,307
Aug 22, 2017	Zhengqi International Holding Ltd	10 percent owner	-	P-Purchase	Buy	497,671	$12.00	$5.97M	497,671
Aug 22, 2017	Zhengqi International Holding Ltd	10 percent owner	-	P-Purchase	Buy	497,671	-	-	497,671

Insider Sells

Date	Name	Relation	Role	Transaction	Buy/Sell	Shares	Price	Value	Shares Held	Source
Aug 22, 2017	Zhengqi International Holding Ltd	10 percent owner	-	C-Conversion	Sell	497,671	-	-	-

All Insider Owners Trades

Date	Name	Relation	Role	Transaction	Buy/Sell	Shares	Price	Value	Shares Held
Jun 05, 2019	INTEL CORP	10 percent owner			Buy	-	-	-	-
Jul 25, 2018	INTEL CORP	10 percent owner	-	J-Other	Buy	217,524	$10.40	$2.26M	4,410,280
Jan 17, 2018	INTEL CORP	10 percent owner	-	J-Other	Buy	226,587	-	-	4,192,756
Aug 28, 2017	INTEL CORP	10 percent owner	-		Buy	-	-	-	3,966,169
Aug 22, 2017	Zhengqi International Holding Ltd	10 percent owner	-	J-Other	Buy	2,278,776	-	-	4,789,850
Aug 22, 2017	Zhengqi International Holding Ltd	10 percent owner	-	C-Conversion	Buy	49,767	-	-	2,511,074
Aug 22, 2017	Zhengqi International Holding Ltd	10 percent owner	-	P-Purchase	Buy	966,136	$10.40	$10.05M	2,461,307
Aug 22, 2017	Zhengqi International Holding Ltd	10 percent owner	-	P-Purchase	Buy	497,671	$12.00	$5.97M	497,671
Aug 22, 2017	Zhengqi International Holding Ltd	10 percent owner	-	P-Purchase	Buy	497,671	-	-	497,671
Aug 22, 2017	Zhengqi International Holding Ltd	10 percent owner	-	C-Conversion	Sell	497,671	-	-	-
Aug 22, 2017	Thangadurai George	officer	EVP & President of Inter. Bus	A-Award	Buy	94,468	$4.86	$459.11K	94,468
Aug 22, 2017	Thangadurai George	officer	EVP & President of Inter. Bus	A-Award	Buy	47,234	$4.86	$229.56K	47,234
Aug 22, 2017	CHAN ANTHONY K	officer	CFO, EVP Corp. Finance	A-Award	Buy	188,937	$7.18	$1.36M	188,937
Aug 22, 2017	CHAN ANTHONY K	officer	CFO, EVP Corp. Finance	A-Award	Buy	11,724	-	-	11,724
Aug 22, 2017	Asset Horizon International Ltd	10 percent owner	-	A-Award	Buy	3,282,859	-	-	3,282,859
Aug 22, 2017	Thangadurai George	officer	-		Buy	-	-	-	-
Aug 22, 2017	CHAN ANTHONY K	officer	-		Buy	-	-	-	-
Aug 22, 2017	Asset Horizon International Ltd	10 percent owner			Buy	-	-	-	-

The last insider sell of Borqs's stock was made by Zhengqi International Holding Ltd on Aug 22 2017, selling 497,671 shares at - per share (valued at -). The last insider buy of BRQS was made by Zhengqi International Holding Ltd on Aug 22 2017, buying 966,136 shares at $10.40 per share (worth $10.05M).

Borqs Insider Ownership Trends

All Insider Trades Trend

Date	Buy	Sell	Buy/Sell Ratio

Open Market Insider Trades Trend

Date	Buy	Sell	Buy/Sell Ratio

Borqs Peer Ownership

Ticker	Company
IFBD	Infobird Co., Ltd
NOGN	Nogin, Inc.
IDAI	T Stamp Inc.
CXAI	CXApp Inc.
MTC	MMTec, Inc.
FRGT	Freight Technologies, Inc.
VS	Versus Systems Inc.
BLBX	Blackboxstocks Inc.

BRQS Ownership FAQ

Who Owns Borqs?

Borqs is owned by institutional shareholders (1.96%), insiders (60.40%), and public (37.64%). The largest institutional shareholder of Borqs is MILLENNIUM MANAGEMENT LLC (5.72% of total shares) and the top mutual fund owner is Dunham Funds (0.00% of total shares).

Who are the major institutional shareholders of Borqs?

Borqs's major institutional shareholders are MILLENNIUM MANAGEMENT LLC, NVP ASSOCIATES, LLC, GSA CAPITAL PARTNERS LLP, HRT FINANCIAL LP, and TWO SIGMA SECURITIES, LLC. The top five shareholders own together 9.49% of the company's share outstanding.

How many Borqs shareholders are there?

As of Mar 2022, there are 12 institutional shareholders of Borqs.

What percentage of Borqs is owned by MILLENNIUM MANAGEMENT LLC?

MILLENNIUM MANAGEMENT LLC owns 421.94K shares of Borqs, representing 5.72% of the company's total shares outstanding, valued at $105K (as of Mar 2023).

What percentage of Borqs is owned by NVP ASSOCIATES, LLC?

As of Mar 2023, NVP ASSOCIATES, LLC holds 101.15K shares of Borqs (BRQS), compromising 1.37% of the company, valued at $25.29M.

What percentage of Borqs is owned by GSA CAPITAL PARTNERS LLP?

GSA CAPITAL PARTNERS LLP is the third largest holder of Borqs. The company owns 86.3K of the company's shares outstanding (worth $22K).