Bard Financial Services, Inc.

Open in PORT →← all managers

CIK 1850858

13F portfolio (2025-Q3)

$911M

Positions

212

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q2. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2025-Q3)

Holdings

209

Top 5

30.1%

Top 10

39.1%

Effective N

30.4

HHI

0.033

This quarter

7 new · 0 exit →

By sector

Information Technology31.1%

Consumer Discretionary12.5%

Financials11.5%

Health Care10.7%

Consumer Staples6.9%

Communication Services6.2%

Industrials6.0%

Materials4.9%

Other10.2%

By market cap

Mega (>$200B)60.2%

Large ($10–200B)29.5%

Unknown8.8%

Mid ($2–10B)1.0%

Small ($300M–2B)0.4%

By region

North America93.6%

Other3.7%

Europe1.6%

Asia-Pacific1.1%

By industry group GICS — finer than sector

Industry group	Weight	Names
Technology Hardware & Equipment	14.81%	7
Software	9.99%	6
Pharmaceuticals & Biotechnology	9.77%	14
Specialty Retail	8.49%	7
Unclassified	6.03%	26
Banks	5.01%	11
Semiconductors & Semiconductor Equipment	4.81%	10
Oil, Gas & Consumable Fuels	4.17%	9
Aerospace & Defense	3.64%	9
Software & IT Services	3.48%	5
Capital Markets	3.34%	9
Hotels, Restaurants & Leisure	2.60%	3
Beverages	2.55%	3
Chemicals	2.52%	9
Tobacco	2.20%	3
Diversified Telecommunication Services	2.05%	2
Metals & Mining	1.95%	4
Utilities	1.73%	13
Commercial Services & Supplies	1.55%	8
Food Products	1.25%	4
Health Care Equipment & Supplies	0.99%	5
Food & Staples Retailing	0.89%	1
Machinery	0.85%	4
Media & Entertainment	0.79%	3
Electrical Equipment & Components	0.78%	4
Distributors	0.75%	2
Equity Real Estate Investment Trusts (REITs)	0.59%	5
Automobiles & Components	0.49%	3
Communications Equipment	0.42%	1
Insurance	0.42%	4
Construction Materials	0.31%	2
Road & Rail	0.16%	2
Entertainment	0.15%	1
Paper & Forest Products	0.15%	3
Professional Services	0.10%	1
Textiles, Apparel & Luxury Goods	0.10%	2
Transportation Infrastructure	0.03%	1
Diversified Consumer Services	0.03%	1
Construction & Engineering	0.02%	1
Real Estate Management & Development	0.02%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	AAPL	Apple Inc.	Information Technology	12.84%
2	MSFT	MICROSOFT CORP	Information Technology	8.73%
3	WMT	Walmart Inc.	Consumer Discretionary	3.47%
4	HD	HOME DEPOT, INC.	Consumer Discretionary	2.75%
5	BRK.B	BERKSHIRE HATHAWAY INC	Financials	2.30%
6	JNJ	JOHNSON & JOHNSON	Health Care	2.04%
7	MCD	MCDONALDS CORP	Consumer Discretionary	1.89%
8	ABBV	AbbVie Inc.	Health Care	1.70%
9	NVDA	NVIDIA CORP	Information Technology	1.67%
10	TY	TRI CONTL CORP	Unclassified	1.66%

184/209 names classified · sector 96.3% of weight · industry 94.0% · mkt cap 91.2%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 20 quarters

Information TechnologyAAPL, MSFT, AMAT, CSCO, NVDA · other

Consumer DiscretionaryWMT, HD, MCD, AMZN, SBUX · other

Health CareJNJ, PFE, ABBV, AMGN, MRK · other

FinancialsBRK.B, JPM, BAC, LYG, GS · other

Consumer StaplesPEP, KO, CVS, PM, MO · other

IndustrialsLMT, WM, UPS, HON, LRCX · other

Communication ServicesGOOGL, VZ, GOOG, DIS, CMCSA · other

EnergyXOM, CVX, PAGP, ENB, SHEL · other

MaterialsPG, NEM, CMP, GLW, ALB · other

UtilitiesEPD, NEE, ES, OKE, ET · other

Real EstateO, VTR, CCI, WELL, AMT · other

UnclassifiedVIG, SCHD, SDY, IVV, MLPA · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 96.3% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2025-Q3), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (161 classified)Bard Financial Services, Inc. centroid (Large Core)

Information TechnologyConsumer DiscretionaryHealth CareFinancialsConsumer StaplesCommunication ServicesIndustrialsMaterialsEnergyUtilitiesReal Estate

Style box summary for Bard Financial Services, Inc.: centroid Large Core. Heaviest cells: Large Growth 40.1%, Large Value 23.7%, Large Core 15.1%.

Classified: 86.9% of book weight (161/203 names) · unclassified 13.1%: BRK.B, TY, LYG, TSM, GSK, , ENB, RHHBY, PAGP, EPD +32 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 212 positions (2025-Q3) · largest first · Δ vs 2025-Q2

#	Security	Shares	Value	Weight	Δ QoQ
1	AAPLAPPLE INC	459,568	$117M	12.8%	HOLD
2	MSFTMICROSOFT CORP	153,584	$80M	8.7%	HOLD
3	WMTWALMART INC	307,170	$32M	3.5%	HOLD
4	HDHOME DEPOT INC	61,910	$25M	2.8%	HOLD
5	BRK.BBERKSHIRE HATHAWAY INC DEL	41,640	$21M	2.3%	TRIM −2%
6	JNJJOHNSON & JOHNSON	100,395	$19M	2.0%	HOLD
7	MCDMCDONALDS CORP	56,561	$17M	1.9%	HOLD
8	ABBVABBVIE INC	66,720	$15M	1.7%	HOLD
9	NVDANVIDIA CORPORATION	81,520	$15M	1.7%	HOLD
10	TYTRI CONTL CORP	444,956	$15M	1.7%	TRIM −5%
11	JPMJPMORGAN CHASE & CO	44,060	$14M	1.5%	HOLD
12	LMTLOCKHEED MARTIN CORP	26,779	$13M	1.5%	HOLD
13	PFEPFIZER INC	510,321	$13M	1.4%	HOLD
14	GOOGLALPHABET INC	53,255	$13M	1.4%	HOLD
15	VZVERIZON COMMUNICATIONS INC	276,190	$12M	1.3%	HOLD
16	KOCOCA COLA CO	178,322	$12M	1.3%	HOLD
17	AMZNAMAZON COM INC	51,615	$11M	1.2%	HOLD
18	PEPPEPSICO INC	79,231	$11M	1.2%	ADD 6%
19	AMATAPPLIED MATLS INC	53,990	$11M	1.2%	HOLD
20	GSGOLDMAN SACHS GROUP INC	13,740	$11M	1.2%	HOLD
21	PGPROCTER AND GAMBLE CO	69,386	$11M	1.2%	HOLD
22	CVXCHEVRON CORP NEW	67,450	$10M	1.1%	ADD 7%
23	BACBANK AMERICA CORP	202,095	$10M	1.1%	HOLD
24	CSCOCISCO SYS INC	150,860	$10M	1.1%	HOLD
25	NEMNEWMONT CORP	121,430	$10M	1.1%	ADD 5%
26	GOOGALPHABET INC	41,465	$10M	1.1%	HOLD
27	XOMEXXON MOBIL CORP	85,090	$10M	1.1%	HOLD
28	MOALTRIA GROUP INC	130,252	$9M	0.9%	HOLD
29	MRKMERCK & CO INC	101,913	$9M	0.9%	HOLD
30	CVSCVS HEALTH CORP	107,988	$8M	0.9%	TRIM −7%
31	ORCLORACLE CORP	28,650	$8M	0.9%	ADD 4%
32	PMPHILIP MORRIS INTL INC	48,967	$8M	0.9%	TRIM −3%
33	AMGNAMGEN INC	27,650	$8M	0.9%	HOLD
34	LYGLLOYDS BANKING GROUP PLC	1,649,635	$7M	0.8%	TRIM −20%
35	WMWASTE MGMT INC DEL	33,775	$7M	0.8%	HOLD
36	TSMTAIWAN SEMICONDUCTOR MFG LTD	25,949	$7M	0.8%	ADD 7%
37	ABTABBOTT LABS	53,610	$7M	0.8%	HOLD
38	GSKGSK PLC	158,145	$7M	0.7%	ADD 17%
39	SYYSYSCO CORP	80,660	$7M	0.7%	HOLD
40	TAT&T INC	230,080	$6M	0.7%	HOLD
41	METAMETA PLATFORMS INC	8,530	$6M	0.7%	HOLD
42	ENBENBRIDGE INC	119,575	$6M	0.7%	TRIM −2%
43	CMCSACOMCAST CORP NEW	189,515	$6M	0.7%	ADD 7%
44	RHHBYROCHE HLDGS LTD SPONSORED ADR ISIN US7711951043	138,650	$6M	0.6%	HOLD
45	SBUXSTARBUCKS CORP	67,269	$6M	0.6%	TRIM −3%
46	GISGENERAL MILLS INC	108,025	$5M	0.6%	HOLD
47	PAGPPLAINS GP HLDGS L P	297,675	$5M	0.6%	HOLD
48	COSTCOSTCO WHSL CORP NEW	5,715	$5M	0.6%	TRIM −13%
49	EPDENTERPRISE PRODS PARTNERS L	168,200	$5M	0.6%	HOLD
50	WFCWELLS FARGO CO NEW	62,580	$5M	0.6%	TRIM −11%
51	GLWCORNING INC	60,250	$5M	0.5%	HOLD
52	AVGOBROADCOM INC	14,450	$5M	0.5%	HOLD
53	BXBLACKSTONE INC	27,625	$5M	0.5%	HOLD
54	SHELSHELL PLC	65,100	$5M	0.5%	HOLD
55	LRCXLAM RESEARCH CORP	33,750	$5M	0.5%	HOLD
56	RTXRTX CORPORATION	26,240	$4M	0.5%	HOLD
57	BLKBLACKROCK INC	3,675	$4M	0.5%	HOLD
58	GEGE AEROSPACE	13,820	$4M	0.5%	HOLD
59	TSLATESLA INC	9,190	$4M	0.4%	HOLD
60	GDGENERAL DYNAMICS CORP	11,500	$4M	0.4%	HOLD
61	BLFSBIOLIFE SOLUTIONS INC	153,475	$4M	0.4%	HOLD
62	KHCKRAFT HEINZ CO	149,075	$4M	0.4%	ADD 43%
63	QCOMQUALCOMM INC	23,190	$4M	0.4%	HOLD
64	HONHONEYWELL INTL INC	18,269	$4M	0.4%	HOLD
65	MDTMEDTRONIC PLC	37,985	$4M	0.4%	HOLD
66	OREALTY INCOME CORP	59,225	$4M	0.4%	TRIM −3%
67	BTIBRITISH AMERN TOB PLC	66,357	$4M	0.4%	TRIM −37%
68	HANESBRANDS INC	533,865	$4M	0.4%	TRIM −4%
69	ALBALBEMARLE CORP	42,895	$3M	0.4%	ADD 45%
70	NVONOVO-NORDISK A S	60,275	$3M	0.4%	TRIM −14%
71	IBMINTERNATIONAL BUSINESS MACHS	11,605	$3M	0.4%	HOLD
72	GILDGILEAD SCIENCES INC	27,725	$3M	0.3%	HOLD
73	VRTVERTIV HOLDINGS CO	20,300	$3M	0.3%	HOLD
74	PANWPALO ALTO NETWORKS INC	14,760	$3M	0.3%	HOLD
75	SCHWSCHWAB CHARLES CORP	30,025	$3M	0.3%	TRIM −2%
76	USBUS BANCORP	57,369	$3M	0.3%	HOLD
77	PIIPOLARIS INC	45,270	$3M	0.3%	ADD 2%
78	PHYSSprott Physical Gold Trust	88,000	$3M	0.3%	HOLD
79	APDAIR PRODS & CHEMS INC	9,450	$3M	0.3%	HOLD
80	KVUEKENVUE INC	155,125	$3M	0.3%	ADD 18%
81	BBARRICK MNG CORP	72,625	$2M	0.3%	ADD 14%
82	VVISA INC	6,915	$2M	0.3%	HOLD
83	VCTRVICTORY CAP HLDGS INC	35,960	$2M	0.3%	HOLD
84	LLYELI LILLY & CO	2,855	$2M	0.2%	HOLD
85	LOWLOWES COS INC	8,375	$2M	0.2%	HOLD
86	INFYINFOSYS LTD	124,340	$2M	0.2%	HOLD
87	UNILEVER PLC	33,800	$2M	0.2%	HOLD
88	GEVGE VERNOVA INC	3,175	$2M	0.2%	ADD 2%
89	MSMORGAN STANLEY	12,180	$2M	0.2%	HOLD
90	BMYBRISTOL-MYERS SQUIBB CO	42,860	$2M	0.2%	ADD 4%
91	ALLALLSTATE CORP	8,875	$2M	0.2%	HOLD
92	HIIHUNTINGTON INGALLS INDS INC	6,555	$2M	0.2%	TRIM −16%
93	ELLAUDER ESTEE COS INC	20,055	$2M	0.2%	TRIM −44%
94	NEENEXTERA ENERGY INC	22,960	$2M	0.2%	ADD 3%
95	WBSWEBSTER FINL CORP CONN	28,800	$2M	0.2%	HOLD
96	MDLZMONDELEZ INTL INC	26,700	$2M	0.2%	HOLD
97	MAMASTERCARD INCORPORATED	2,890	$2M	0.2%	HOLD
98	LHXL3HARRIS TECHNOLOGIES INC	5,050	$2M	0.2%	ADD 2%
99	RCIROGERS COMMUNICATIONS INC	43,250	$1M	0.2%	HOLD
100	CRMSALESFORCE INC	6,200	$1M	0.2%	HOLD
101	MTBM & T BK CORP	7,360	$1M	0.2%	HOLD
102	ICEINTERCONTINENTAL EXCHANGE IN	8,575	$1M	0.2%	HOLD
103	CATCATERPILLAR INC	3,015	$1M	0.2%	TRIM −2%
104	VMCVULCAN MATLS CO	4,625	$1M	0.2%	HOLD
105	MLMMARTIN MARIETTA MATLS INC	2,250	$1M	0.2%	TRIM −2%
106	DISDISNEY WALT CO	12,175	$1M	0.2%	HOLD
107	ESEVERSOURCE ENERGY	19,205	$1M	0.1%	HOLD
108	ASMLASML HOLDING N V	1,390	$1M	0.1%	HOLD
109	KMXCARMAX INC	28,580	$1M	0.1%	ADD 44%
110	JEFJEFFERIES FINL GROUP INC	19,050	$1M	0.1%	TRIM −6%
111	UBERUBER TECHNOLOGIES INC	12,675	$1M	0.1%	TRIM −9%
112	ETENERGY TRANSFER L P	70,750	$1M	0.1%	ADD 4%
113	NOCNORTHROP GRUMMAN CORP	1,950	$1M	0.1%	ADD 3%
114	SOSOUTHERN CO	12,520	$1M	0.1%	HOLD
115	HUBBHUBBELL INC	2,750	$1M	0.1%	HOLD
116	CRWDCROWDSTRIKE HLDGS INC	2,285	$1M	0.1%	HOLD
117	CLXCLOROX CO DEL	9,025	$1M	0.1%	ADD 22%
118	TDTORONTO DOMINION BK ONT	13,670	$1M	0.1%	HOLD
119	TRVTRAVELERS COMPANIES INC	3,775	$1M	0.1%	HOLD
120	PAYXPAYCHEX INC	7,175	$909,503	0.1%	HOLD
121	XELXCEL ENERGY INC	10,625	$856,906	0.1%	HOLD
122	OKEONEOK INC NEW	11,715	$854,844	0.1%	TRIM −6%
123	DVNDEVON ENERGY CORP NEW	22,800	$799,368	0.1%	TRIM −15%
124	KMBKIMBERLY-CLARK CORP	6,375	$792,668	0.1%	HOLD
125	YUMYUM BRANDS INC	5,105	$775,960	0.1%	HOLD
126	EMREMERSON ELEC CO	5,805	$761,500	0.1%	HOLD
127	XNEAXNUVEEN AMT FREE QLTY MUN INC	65,000	$740,350	0.1%	HOLD
128	AEPAMERICAN ELEC PWR CO INC	6,530	$734,625	0.1%	HOLD
129	UNPUNION PAC CORP	3,080	$728,020	0.1%	HOLD
130	UPSUNITED PARCEL SERVICE INC	8,675	$724,623	0.1%	ADD 15%
131	BDXBECTON DICKINSON & CO	3,735	$699,080	0.1%	TRIM −19%
132	SNYSANOFI SA	14,725	$695,020	0.1%	HOLD
133	TROWPRICE T ROWE GROUP INC	6,750	$692,820	0.1%	ADD 68%
134	OMCOMNICOM GROUP INC	8,150	$664,470	0.1%	NEW
135	TMOTHERMO FISHER SCIENTIFIC INC	1,350	$654,777	0.1%	HOLD
136	PNCPNC FINL SVCS GROUP INC	3,150	$632,930	0.1%	HOLD
137	BBWIBATH & BODY WORKS INC	24,200	$623,392	0.1%	TRIM −14%
138	WRBBERKLEY W R CORP	7,590	$581,546	0.1%	HOLD
139	FSLRFIRST SOLAR INC	2,625	$578,891	0.1%	HOLD
140	DUKDUKE ENERGY CORP NEW	4,655	$576,056	0.1%	HOLD
141	UNGUNITED STS NAT GAS FD LP	43,000	$562,010	0.1%	ADD 37%
142	VEEVVEEVA SYS INC	1,850	$551,134	0.1%	TRIM −4%
143	CCITIGROUP INC	5,320	$539,980	0.1%	TRIM −2%
144	NFLXNETFLIX INC	450	$539,514	0.1%	HOLD
145	KMIKINDER MORGAN INC DEL	18,750	$530,813	0.1%	HOLD
146	RSGREPUBLIC SVCS INC	2,250	$516,330	0.1%	HOLD
147	AMTAMERICAN TOWER CORP	2,650	$509,648	0.1%	HOLD
148	CCICROWN CASTLE INC	5,025	$484,862	0.1%	TRIM −6%
149	VFCV F CORP	33,440	$482,539	0.1%	ADD 3%
150	SLBSCHLUMBERGER LTD	14,000	$481,180	0.1%	ADD 53%
151	EIXEDISON INTL	8,700	$480,936	0.1%	HOLD
152	EDCONSOLIDATED EDISON INC	4,700	$472,444	0.1%	HOLD
153	WECWEC ENERGY GROUP INC	4,060	$465,235	0.1%	HOLD
154	DLRDIGITAL RLTY TR INC	2,690	$465,047	0.1%	TRIM −9%
155	CARRCARRIER GLOBAL CORPORATION	7,445	$444,467	0.0%	HOLD
156	WCNWASTE CONNECTIONS INC	2,525	$444,052	0.0%	HOLD
157	TXTTEXTRON INC	5,000	$422,450	0.0%	HOLD
158	MMM3M CO	2,670	$414,331	0.0%	TRIM −7%
159	TPRTAPESTRY INC	3,650	$413,253	0.0%	TRIM −14%
160	CTSHCOGNIZANT TECHNOLOGY SOLUTIO	6,000	$402,420	0.0%	HOLD
161	CPBTHE CAMPBELLS COMPANY	11,875	$375,013	0.0%	NEW
162	GEHCGE HEALTHCARE TECHNOLOGIES I	4,800	$360,480	0.0%	HOLD
163	INDBINDEPENDENT BK CORP MASS	5,190	$358,992	0.0%	HOLD
164	DELLDELL TECHNOLOGIES INC	2,425	$343,792	0.0%	ADD 45%
165	RHHBFROCHE HOLDING AG BASEL AKT	1,000	$342,175	0.0%	HOLD
166	SPGSIMON PPTY GROUP INC NEW	1,790	$335,929	0.0%	HOLD
167	CLCOLGATE PALMOLIVE CO	4,100	$327,754	0.0%	HOLD
168	LINLINDE PLC	690	$327,750	0.0%	ADD 4%
169	PLTRPALANTIR TECHNOLOGIES INC	1,750	$319,235	0.0%	HOLD
170	DHRDANAHER CORP DEL	1,595	$316,225	0.0%	HOLD
171	TMTOYOTA MOTOR CORP	1,625	$310,521	0.0%	HOLD
172	PKGPACKAGING CORP AMER	1,400	$305,102	0.0%	HOLD
173	MYIBLACKROCK MUNIYIELD QUALITY	27,500	$304,700	0.0%	TRIM −31%
174	PRUPRUDENTIAL FINL INC	2,935	$304,477	0.0%	HOLD
175	ZTSZOETIS INC	2,050	$299,956	0.0%	HOLD
176	BKNGBOOKING HOLDINGS INC	55	$296,960	0.0%	HOLD
177	DEODIAGEO PLC	3,075	$293,447	0.0%	HOLD
178	IPINTERNATIONAL PAPER CO	6,250	$290,000	0.0%	HOLD
179	KELLANOVA	3,375	$276,818	0.0%	HOLD
180	MRVLMARVELL TECHNOLOGY INC	3,245	$272,807	0.0%	TRIM −13%
181	TOTALENERGIES SE	4,505	$268,903	0.0%	HOLD
182	DINOHF SINCLAIR CORP	5,000	$261,700	0.0%	HOLD
183	HRBBLOCK H & R INC	5,000	$252,850	0.0%	HOLD
184	OTISOTIS WORLDWIDE CORP	2,765	$252,804	0.0%	HOLD
185	EQTEQT CORP	4,545	$247,384	0.0%	HOLD
186	MCKMCKESSON CORP	300	$231,762	0.0%	TRIM −14%
187	FCXFREEPORT MCMORAN INC	5,885	$230,810	0.0%	HOLD
188	NSRGYNESTLE S A SPONSORED ADR	2,461	$225,833	0.0%	HOLD
189	GVAGRANITE CONSTR INC	2,000	$219,300	0.0%	NEW
190	WUWESTERN UN CO	27,200	$217,328	0.0%	NEW
191	IFFINTERNATIONAL FLAVORS&FRAGRA	3,525	$216,929	0.0%	TRIM −22%
192	BNBROOKFIELD CORP	3,160	$216,898	0.0%	NEW
193	NXPINXP SEMICONDUCTORS N V	915	$208,373	0.0%	TRIM −21%
194	FISFIDELITY NATL INFORMATION SV	3,130	$206,392	0.0%	HOLD
195	MUMICRON TECHNOLOGY INC	1,220	$204,130	0.0%	NEW
196	PSLVSPROTT ASSET MANAGEMENT LP	13,000	$204,100	0.0%	TRIM −13%
197	XMCRXMFS CHARTER INCOME TR	21,500	$138,030	0.0%	HOLD
198	CLPHYCLP HLDGS LTD FSPONSORED ADR 1 ADR REPS 1 ORD SHS	16,480	$135,878	0.0%	HOLD
199	NIONIO INC	10,250	$78,105	0.0%	HOLD
200	CIM REAL ESTATE FINANCE TRUST INC	14,876	$77,654	0.0%	HOLD

showing the top 200 by weight

☆Bard Financial Services, Inc.