Alight Capital Management LP
CIK 1651473 · View on SEC EDGAR ↗
- Portfolio value
- $712.5M
- Positions
- 83
- As of
- June 30, 2026
#3,051 of 9,443 by 13F value · top 32.3%
Portfolio value QoQ: +70.7% 13F does not disclose cash
- Top 10 holdings weight
- 33.69%
- Top 25 holdings weight
- 59.05%
- Positions above 1%
- 37
- Effective number of positions
- 50.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 31.76% Est. buys $312,671,558 · sells $179,431,361
Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 50.9% still held
- New positions
- 34
- Increased
- 21
- Decreased
- 18
- Closed
- 11
Put-notional exposure: 4.1% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +47.8% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 98.5% · Options excluded: 8.5%
Sector breakdown
Technology
59.2%
Industrials
14.1%
Retail
7.9%
Communication Services
5.4%
Financial Services
4.1%
Consumer products
2.3%
Real Estate
2.1%
Consumer Discretionary
1.4%
Logistics & Transportation
1.2%
Energy
0.6%
Communications
0.6%
Other/Unmapped
1.3%
Full portfolio 83 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| AMZN Amazon.com, Inc. - Common Stock | $32,104,398 | 4.51% | 134,700 | $9,257,179 | Up ×3 | ||
| NVDA NVIDIA Corporation - Common Stock | $30,013,500 | 4.21% | 150,000 | $4,725,500 | Up ×2 | ||
| MU Micron Technology, Inc. - Common Stock | $28,857,250 | 4.05% | 25,000 | Put option | $20,411,250 | ||
| MSFT Microsoft Corporation - Common Stock | $24,768,528 | 3.48% | 66,400 | $13,145,190 | Up ×1 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $23,878,500 | 3.35% | 50,000 | $10,360,500 | Up ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $23,834,000 | 3.35% | 100,000 | Call option | Up ×1 | ||
| INTC Intel Corporation - Common Stock | $20,944,500 | 2.94% | 150,000 | $7,705,500 | Down ×1 | ||
| TTWO Take-Two Interactive Software, Inc. - Common Stock | $19,998,400 | 2.81% | 80,000 | $14,073,400 | Up ×1 | ||
| VICR Vicor Corporation - Common Stock | $18,989,000 | 2.67% | 50,000 | $12,549,000 | Up ×1 | ||
| AAPL Apple Inc. - Common Stock | $16,638,200 | 2.34% | 57,500 | Call option | $2,045,275 | ||
| FLEX Flex Ltd. - Ordinary Shares | $16,207,000 | 2.27% | 100,000 | $-646,921 | Down ×1 | ||
| AMAT Applied Materials, Inc. - Common Stock | $14,460,000 | 2.03% | 20,000 | $5,915,250 | Down ×3 | ||
| CORZ Core Scientific, Inc. - Common Stock | $13,562,700 | 1.90% | 530,000 | $10,596,057 | Up ×1 | ||
| HPQ HP Inc. Common Stock | $13,164,000 | 1.85% | 600,000 | Up ×1 | |||
| LRCX Lam Research Corporation - Common Stock | $12,999,900 | 1.82% | 30,000 | $6,590,100 | |||
| MMM 3M Company Common Stock | $12,952,800 | 1.82% | 80,000 | Up ×1 | |||
| DE Deere & Company Common Stock | $12,686,600 | 1.78% | 20,000 | ||||
| META Meta Platforms, Inc. - Class A Common Stock | $11,547,445 | 1.62% | 20,500 | $5,540,080 | Up ×1 | ||
| HUT Hut 8 Corp. - Common Stock | $11,544,500 | 1.62% | 100,000 | $4,508,000 | Down ×2 | ||
| XYZ Block, Inc. Class A Common Stock, | $11,400,000 | 1.60% | 150,000 | $8,391,000 | Up ×1 | ||
| SNDK Sandisk Corporation - Common Stock | $11,368,650 | 1.60% | 5,000 | $6,285,930 | Down ×1 | ||
| SONY Sony Group Corporation American Depositary Shares | $10,359,626 | 1.45% | 516,432 | ||||
| F Ford Motor Company Common Stock | $9,730,000 | 1.37% | 700,000 | Call option | $3,960,000 | Up ×1 | |
| STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) | $9,650,000 | 1.35% | 10,000 | $5,732,400 | |||
| RKT Rocket Companies, Inc. Class A Common Stock | $9,056,250 | 1.27% | 575,000 | $862,500 | |||
| TXN Texas Instruments Incorporated - Common Stock | $8,942,100 | 1.26% | 30,000 | Up ×1 | |||
| TYL Tyler Technologies, Inc. Common Stock | $8,773,800 | 1.23% | 30,000 | Up ×1 | |||
| WULF TeraWulf Inc. - Common Stock | $8,645,000 | 1.21% | 350,000 | $3,594,500 | |||
| UPS United Parcel Service, Inc. Common Stock | $8,600,000 | 1.21% | 80,000 | $6,391,959 | Up ×2 | ||
| IREN IREN Limited - Ordinary Shares | $8,345,725 | 1.17% | 182,500 | $4,917,725 | Up ×2 | ||
| ASML ASML Holding N.V. - New York Registry Shares | $7,957,760 | 1.12% | 4,000 | $2,674,440 | |||
| FRMI Fermi Inc. - Common Stock | $7,786,000 | 1.09% | 850,000 | Call option | Up ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $7,555,000 | 1.06% | 20,000 | $-1,730,300 | Down ×1 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $7,551,830 | 1.06% | 13,000 | $-585,370 | Down ×1 | ||
| KLAC KLA Corporation - Common Stock | $7,542,750 | 1.06% | 25,000 | $-1,291,710 | Up ×2 | ||
| CLSK CleanSpark, Inc. - Common Stock | $7,275,000 | 1.02% | 500,000 | $3,020,000 | |||
| CGNX Cognex Corporation - Common Stock | $7,242,000 | 1.02% | 100,000 | Up ×1 | |||
| PANW Palo Alto Networks, Inc. - Common Stock | $6,990,910 | 0.98% | 20,500 | Up ×1 | |||
| OPEN Opendoor Technologies Inc - Common Stock | $6,930,000 | 0.97% | 1,500,000 | $3,888,000 | Up ×2 | ||
| NFLX Netflix, Inc. - Common Stock | $6,818,700 | 0.96% | 95,500 | $-4,959,675 | Down ×1 | ||
| WDC Western Digital Corporation - Common Stock | $6,387,200 | 0.90% | 10,000 | $3,682,300 | |||
| NTNX Nutanix, Inc. - Class A Common Stock | $6,370,000 | 0.89% | 125,000 | ||||
| CIFR Cipher Mining Inc. - Common Stock | $6,247,500 | 0.88% | 255,000 | $2,386,500 | Down ×1 | ||
| APLD Applied Digital Corporation - Common Stock | $6,184,340 | 0.87% | 165,800 | $3,810,340 | Up ×1 | ||
| RIOT Riot Platforms, Inc. - Common Stock | $6,160,500 | 0.86% | 225,000 | $-1,255,500 | Down ×1 | ||
| CRWD CrowdStrike Holdings, Inc. - Class A Common Stock | $6,105,120 | 0.86% | 8,000 | ||||
| SONY Sony Group Corporation American Depositary Shares | $6,018,000 | 0.84% | 300,000 | Call option | Up ×1 | ||
| STM STMicroelectronics N.V. Common Stock | $5,991,200 | 0.84% | 80,000 | Up ×1 | |||
| MU Micron Technology, Inc. - Common Stock | $5,771,450 | 0.81% | 5,000 | ||||
| U Unity Software Inc. Common Stock | $5,716,000 | 0.80% | 200,000 | ||||
| Unknown issuer (CUSIP: G2004J103) | $5,714,000 | 0.80% | 200,000 | Up ×1 | |||
| AMRZ Amrize Ltd Ordinary Shares | $5,330,000 | 0.75% | 100,000 | $4,209,600 | Up ×1 | ||
| CAT Caterpillar, Inc. Common Stock | $5,324,500 | 0.75% | 5,000 | $-1,760,100 | Down ×1 | ||
| RMBS Rambus, Inc. - Common Stock | $5,309,600 | 0.75% | 40,000 | $-3,293,400 | Down ×1 | ||
| MDB MongoDB, Inc. - Class A Common Stock | $5,038,500 | 0.71% | 15,000 | $2,590,800 | Up ×1 | ||
| HOOD Robinhood Markets, Inc. - Class A Common Stock | $5,014,000 | 0.70% | 50,000 | ||||
| CRWV CoreWeave, Inc. - Class A Common Stock | $4,977,000 | 0.70% | 50,000 | ||||
| GFS GlobalFoundries Inc. - Ordinary Share | $4,944,600 | 0.69% | 60,000 | Up ×1 | |||
| HPE Hewlett Packard Enterprise Company Common Stock | $4,511,000 | 0.63% | 100,000 | ||||
| SIMO Silicon Motion Technology Corporation - American Depositary Shares, each representing four ordinary shares | $4,333,290 | 0.61% | 13,000 | Up ×1 | |||
| UBER Uber Technologies, Inc. Common Stock | $4,329,600 | 0.61% | 60,000 | Call option | Up ×1 | ||
| BKR Baker Hughes Company - Common Stock | $4,162,500 | 0.58% | 75,000 | $-2,247,750 | Down ×1 | ||
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | $3,996,300 | 0.56% | 35,000 | ||||
| NOK Nokia Corporation Sponsored American Depositary Shares | $3,984,000 | 0.56% | 300,000 | $-1,644,000 | Down ×1 | ||
| ON ON Semiconductor Corporation - Common Stock | $3,781,600 | 0.53% | 40,000 | ||||
| HUBS HubSpot, Inc. Common Stock | $3,650,200 | 0.51% | 20,000 | ||||
| CLS Celestica, Inc. Common Stock | $3,648,000 | 0.51% | 10,000 | $2,239,600 | Up ×1 | ||
| DDOG Datadog, Inc. - Class A Common Stock | $3,645,040 | 0.51% | 14,000 | ||||
| BE Bloom Energy Corporation Class A Common Stock | $3,632,400 | 0.51% | 12,000 | $2,683,970 | Up ×1 | ||
| Unknown issuer (CUSIP: 486917107) | $3,444,000 | 0.48% | 600,000 | Up ×1 | |||
| UWMC UWM Holdings Corporation Class A Common Stock | $3,435,000 | 0.48% | 1,500,000 | $-3,533,500 | Down ×1 | ||
| TE T1 Energy Inc. Common Stock | $2,844,000 | 0.40% | 300,000 | Up ×1 | |||
| NBIS Nebius Group N.V. - Class A Ordinary Shares | $2,761,700 | 0.39% | 10,000 | ||||
| ZBRA Zebra Technologies Corporation - Class A Common Stock | $2,632,600 | 0.37% | 10,000 | ||||
| GLW Corning Incorporated Common Stock | $2,554,300 | 0.36% | 10,000 | $514,750 | Down ×4 | ||
| GEN Gen Digital Inc. - Common Stock | $2,489,000 | 0.35% | 100,000 | Up ×1 | |||
| NET Cloudflare, Inc. Class A Common Stock | $2,452,800 | 0.34% | 10,000 | $1,421,100 | Up ×1 | ||
| FCEL FuelCell Energy, Inc. - Common Stock | $1,800,500 | 0.25% | 50,000 | Up ×1 | |||
| CRM Salesforce, Inc. Common Stock | $1,566,600 | 0.22% | 10,000 | $-2,166,800 | Down ×2 | ||
| NOW ServiceNow, Inc. Common Stock | $992,800 | 0.14% | 10,000 | $-575,450 | Down ×2 | ||
| TEAM Atlassian Corporation - Class A Common Stock | $777,900 | 0.11% | 10,000 | ||||
| HIVE HIVE Digital Technologies Ltd - Common Shares | $546,000 | 0.08% | 150,000 | $340,483 | Up ×1 | ||
| OPENW Opendoor Technologies Inc - Series K Warrants, each whole warrant exercisable to purchase one share of Common Stock at an exercise price of $9.00 per warrant | $222,750 | 0.03% | 450,000 | $-49,320 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| AMZN | $32,104,398 | 4.51% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| AMZN | $23,834,000 | 100,000 | 3.35% |
| HPQ | $13,164,000 | 600,000 | 1.85% |
| MMM | $12,952,800 | 80,000 | 1.82% |
| DE | $12,686,600 | 20,000 | 1.78% |
| SONY | $10,359,626 | 516,432 | 1.45% |
| TXN | $8,942,100 | 30,000 | 1.26% |
| TYL | $8,773,800 | 30,000 | 1.23% |
| FRMI | $7,786,000 | 850,000 | 1.09% |
| CGNX | $7,242,000 | 100,000 | 1.02% |
| PANW | $6,990,910 | 20,500 | 0.98% |
| NTNX | $6,370,000 | 125,000 | 0.89% |
| CRWD | $6,105,120 | 8,000 | 0.86% |
| SONY | $6,018,000 | 300,000 | 0.84% |
| STM | $5,991,200 | 80,000 | 0.84% |
| MU | $5,771,450 | 5,000 | 0.81% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| MU | Price move only | +0 | +$20.4M |
| TTWO | Bought more | +50K | +$14.1M |
| MSFT | Bought more | +35K | +$13.1M |
| VICR | Bought more | +10K | +$12.5M |
| CORZ | Bought more | +332K | +$10.6M |
| TSM | Bought more | +10K | +$10.4M |
| AMZN | Bought more | +25K | +$9.3M |
| XYZ | Bought more | +100K | +$8.4M |
| INTC | Trimmed | -150K | +$7.7M |
| LRCX | Price move only | +0 | +$6.6M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| SPY | June 30, 2025 | 55,000 | $30,766,450 | No longer tracked |
| QQQ | June 30, 2026 | 50,000 | $28,859,000 | |
| IWM | March 31, 2025 | 75,000 | $16,572,000 | No longer tracked |
| TTWO | June 30, 2025 | 60,000 | $12,435,000 | -0.1% |
| QQQ | June 30, 2025 | 25,000 | $11,723,000 | |
| SAP | March 31, 2026 | 45,000 | $10,930,950 | 25.9% |
| AMD | Dec. 31, 2025 | 65,000 | $10,516,350 | 119.8% |
| CSCO | Sept. 30, 2025 | 150,000 | $10,407,000 | 62.3% |
| GOOGL | March 31, 2026 | 30,000 | $9,390,000 | 18.9% |
| DE | March 31, 2026 | 20,000 | $9,311,400 | 10.7% |
| MRVL | March 31, 2025 | 80,000 | $8,836,000 | 300.1% |
| VRSN | June 30, 2026 | 35,000 | $8,692,600 | 10.2% |
| CORZ | Sept. 30, 2025 | 500,000 | $8,535,000 | 6.3% |
| MRVL | Dec. 31, 2025 | 100,000 | $8,407,000 | 189.9% |
| TEAM | Dec. 31, 2025 | 50,000 | $7,985,000 | 5.0% |
| ODFL | Sept. 30, 2025 | 48,000 | $7,790,400 | 47.6% |
| SNOW | March 31, 2026 | 35,000 | $7,677,600 | 109.5% |
| SHOP | Dec. 31, 2025 | 50,000 | $7,430,500 | -9.4% |
| WCC | Sept. 30, 2025 | 40,000 | $7,408,000 | 62.2% |
| BIDU | June 30, 2025 | 80,000 | $7,362,400 | 8.8% |
| IWM | Dec. 31, 2025 | 30,000 | $7,258,800 | No longer tracked |
| CRWV | March 31, 2026 | 100,000 | $7,161,000 | 16.3% |
| XYZ | Sept. 30, 2025 | 100,000 | $6,793,000 | 10.8% |
| URI | March 31, 2026 | 8,000 | $6,474,560 | 51.9% |
| MCHP | June 30, 2026 | 100,000 | $6,461,000 | -16.3% |
| BBY | March 31, 2025 | 75,000 | $6,435,000 | 18.7% |
| DDOG | Dec. 31, 2025 | 45,000 | $6,408,000 | 69.0% |
| INTU | March 31, 2025 | 10,000 | $6,285,000 | -41.3% |
| CFLT | March 31, 2026 | 200,000 | $6,048,000 | No longer tracked |
| ABNB | Sept. 30, 2025 | 45,000 | $5,955,300 | 52.3% |
| ZBRA | Sept. 30, 2025 | 18,400 | $5,673,824 | 21.1% |
| NBIS | March 31, 2025 | 200,000 | $5,540,000 | 981.7% |
| HD | June 30, 2025 | 15,000 | $5,497,350 | -8.5% |
| HPE | March 31, 2025 | 250,000 | $5,337,500 | 247.2% |
| VRT | Dec. 31, 2025 | 35,000 | $5,280,100 | 63.1% |
| NKE | March 31, 2026 | 80,000 | $5,096,800 | -23.2% |
| SONY | June 30, 2025 | 200,000 | $5,078,000 | -8.6% |
| NBIS | Dec. 31, 2025 | 45,000 | $5,052,150 | 172.8% |
| EBAY | June 30, 2026 | 55,000 | $5,006,100 | -6.9% |
| DELL | Sept. 30, 2025 | 40,000 | $4,904,000 | 209.8% |
| CRWD | March 31, 2026 | 10,000 | $4,687,600 | -52.0% |
| FSLR | March 31, 2025 | 25,000 | $4,406,000 | 70.0% |
| TWLO | Sept. 30, 2025 | 35,000 | $4,352,600 | 117.1% |
| NET | March 31, 2025 | 40,000 | $4,307,200 | 144.4% |
| COF | Dec. 31, 2025 | 20,000 | $4,251,600 | -10.2% |
| TTD | March 31, 2025 | 35,000 | $4,113,550 | -75.8% |
| FIS | Sept. 30, 2025 | 50,000 | $4,070,500 | -38.2% |
| ON | March 31, 2026 | 75,000 | $4,061,250 | 21.3% |
| TSLA | March 31, 2026 | 9,000 | $4,047,480 | -6.2% |
| TSLA | March 31, 2025 | 10,000 | $4,038,400 | 34.6% |
| WDAY | March 31, 2025 | 15,500 | $3,999,465 | -16.3% |
| SAIA | March 31, 2026 | 12,000 | $3,918,240 | 3.9% |
| GLW | March 31, 2025 | 80,000 | $3,801,600 | 235.4% |
| BILL | Sept. 30, 2025 | 80,000 | $3,700,800 | -10.6% |
| HUBS | March 31, 2026 | 9,000 | $3,611,700 | -4.3% |
| RIOT | March 31, 2025 | 350,000 | $3,573,500 | 207.9% |
| NXPI | Sept. 30, 2025 | 15,000 | $3,277,350 | -1.2% |
| MCHP | Dec. 31, 2025 | 50,000 | $3,211,000 | 19.8% |
| CVNA | June 30, 2025 | 15,000 | $3,136,200 | -78.9% |
| DE | Sept. 30, 2025 | 6,000 | $3,050,940 | 36.4% |
| AFRM | March 31, 2025 | 50,000 | $3,045,000 | 66.8% |
| FFIV | June 30, 2026 | 10,000 | $2,893,300 | -8.9% |
| ESTC | June 30, 2026 | 55,000 | $2,749,450 | 47.7% |
| KLAC | June 30, 2025 | 4,000 | $2,719,200 | -79.3% |
| DOCU | March 31, 2025 | 30,000 | $2,698,200 | -25.1% |
| PFSI | March 31, 2026 | 20,000 | $2,636,800 | -13.0% |
| MDB | June 30, 2025 | 15,000 | $2,631,000 | 99.3% |
| HOOD | March 31, 2025 | 70,000 | $2,608,200 | 155.4% |
| FDX | Dec. 31, 2025 | 11,000 | $2,593,910 | 14.0% |
| MU | Sept. 30, 2025 | 20,000 | $2,465,000 | 488.5% |
| U | March 31, 2026 | 50,000 | $2,208,500 | 110.1% |
| PSTG | June 30, 2025 | 47,300 | $2,093,971 | No longer tracked |
| VSH | June 30, 2025 | 125,000 | $1,987,500 | 99.2% |
| ANET | Dec. 31, 2025 | 13,000 | $1,894,230 | 43.8% |
| GTLB | June 30, 2025 | 40,000 | $1,880,000 | -9.4% |
| MARA | Dec. 31, 2025 | 100,000 | $1,826,000 | 36.0% |
| EPAM | June 30, 2025 | 10,000 | $1,688,400 | -39.5% |
| CRCL | March 31, 2026 | 20,000 | $1,586,000 | -3.6% |
| XPO | Sept. 30, 2025 | 12,500 | $1,578,625 | 55.2% |
| OKLO | March 31, 2025 | 70,000 | $1,486,100 | 98.6% |
| ORCL | June 30, 2026 | 10,000 | $1,471,100 | -0.1% |
| MARA | March 31, 2025 | 87,500 | $1,467,375 | 6.2% |
| JBHT | Sept. 30, 2025 | 10,000 | $1,436,000 | 107.4% |
| LDI | Dec. 31, 2025 | 450,000 | $1,381,500 | -57.8% |
| SAIA | Sept. 30, 2025 | 5,000 | $1,369,950 | 22.0% |
| VICR | Sept. 30, 2025 | 30,000 | $1,360,800 | 320.8% |
| APLD | March 31, 2025 | 175,000 | $1,337,000 | 417.9% |
| ASPI | June 30, 2026 | 300,000 | $1,326,000 | -34.2% |
| PCOR | June 30, 2025 | 20,000 | $1,320,400 | -9.1% |
| DOCU | June 30, 2026 | 25,000 | $1,185,250 | 37.2% |
| RDDT | March 31, 2025 | 7,000 | $1,144,080 | 46.1% |
| BABA | June 30, 2025 | 8,000 | $1,057,840 | 7.7% |
| MBLY | March 31, 2025 | 50,000 | $996,000 | -36.8% |
| ACN | June 30, 2025 | 3,000 | $936,120 | -38.9% |
| ARM | June 30, 2025 | 8,000 | $854,320 | 55.0% |
| VRT | June 30, 2025 | 10,000 | $722,000 | 105.8% |
| CHYM | Sept. 30, 2025 | 20,000 | $690,200 | 59.3% |
| NTNX | March 31, 2025 | 10,565 | $646,367 | -5.1% |
| AUR | March 31, 2025 | 100,000 | $630,000 | -8.4% |
| BITF | June 30, 2026 | 200,000 | $390,000 | No longer tracked |
| SMTC | June 30, 2026 | 5,000 | $384,450 | -20.3% |
| OKLO | March 31, 2026 | 5,000 | $358,800 | -13.4% |