Novartis India shareholders and shareholding pattern

NSE: NOVARTINDBSE: 500672Pharmaceuticals & BiotechnologySmall Cap

Novartis India Limited · Face value ₹5 · Listed Oct 1983

₹1,821.40₹26.40 (1.43%)BSE ₹1,805.95

Share price at the NSE close on 28 Oct 2026. Previous close ₹1,847.80.

28 Oct: open ₹1,836.00, high ₹1,855.40, low ₹1,802.60

52-week range of BSE trades to 28 Oct 2026

₹750.00Low, 21 Jan 2026₹2,588.00High, 10 Sep 2026

Next results date: the board meets on 3 Nov 2026 to consider: quarterly results. Results calendar

Market cap: ₹4,497 Cr1,055th largest listed
P/E: 46.00
P/B: 5.50
Dividend yield: Nonein the last 12 months
ROE: 12.2%
ROCE: 12.2%
Debt to equity: 0.00
Volume, NSE: 8,611

Novartis India's shareholding pattern for Sep 2026, filed on 16 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Novartis India, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters70.68%
Foreign institutions1.22%
Indian institutions1.50%
Individuals and others26.60%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others

Per cent	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	73.40%	73.40%	73.40%	73.40%	73.40%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%
Indian promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	70.68%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	14.23%
Foreign promoters	73.40%	73.40%	73.40%	73.40%	73.40%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	–	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	70.68%	56.45%
	26.60%	26.60%	26.60%	26.60%	26.60%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%	29.32%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.17%	0.17%	0.17%	0.24%	0.32%	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%	0.17%	0.16%	1.22%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.17%	0.16%	0.18%	0.22%	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%	0.17%	0.09%	1.16%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.17%	–	0.01%	0.05%	0.10%	–	–	–	–	–	–	–	–	–	–	0.07%	0.05%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–
Foreign Institutional Investors	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.79%	0.79%	0.79%	0.76%	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%	0.64%	0.53%	1.36%	1.50%
Mutual funds	0.32%	0.32%	0.30%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.07%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.69%	0.77%
Insurance companies	–	–	–	–	0.00%	–	–	–	–	–	–	0.91%	0.88%	0.80%	0.80%	0.80%	0.76%	0.76%	0.76%	0.76%	0.76%	0.76%	0.76%	0.76%	0.76%	0.76%	0.74%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.11%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Alternative investment funds	–	–	–	–	0.00%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.10%	–	0.13%	0.60%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	28.37%	28.37%	28.37%	28.32%	28.47%	28.59%	28.60%	28.60%	28.60%	28.60%	28.60%	28.60%	28.60%	28.50%	28.61%	27.80%	26.60%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	21.37%	21.32%	21.25%	21.30%	21.50%	21.42%	21.16%	21.10%	20.87%	20.95%	20.92%	20.59%	20.79%	20.89%	19.96%	19.32%	18.71%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.65%	1.69%	1.79%	1.79%	1.79%	1.78%	1.79%	1.94%	2.18%	2.07%	2.19%	2.36%	2.13%	1.78%	3.29%	3.18%	2.58%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.27%	2.24%	2.22%	2.20%	2.14%	2.30%	2.47%	2.25%	2.26%	2.28%	2.13%	2.25%	2.21%	2.19%	2.08%	2.02%	2.38%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.97%	0.97%	0.96%	0.94%	0.92%	0.92%	0.98%	1.00%	1.01%	1.01%	1.01%	1.06%	1.02%	1.03%	1.07%	1.07%	1.06%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.52%	0.58%	0.58%	0.58%	0.64%	0.64%	0.63%	0.63%	0.63%	0.69%	0.69%	0.69%	0.69%	0.72%	0.71%	0.71%	0.71%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.58%	1.56%	1.57%	1.52%	1.47%	1.53%	1.57%	1.67%	1.65%	1.60%	1.67%	1.65%	1.77%	1.89%	1.49%	1.51%	1.17%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.01%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.09%	0.09%	0.07%	0.06%	0.04%
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.35%	0.35%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.21%	1.20%	1.22%	1.16%	1.12%	1.17%	1.20%	1.37%	1.33%	1.30%	1.29%	1.34%	1.37%	1.38%	1.18%	1.18%	1.10%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.34%	0.34%	0.35%	0.35%	0.37%	0.30%	0.31%	0.30%	0.37%	0.30%	0.31%	0.42%	0.25%	0.26%	0.03%
Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–	–	–	–
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Shares in issue	2,81,40,797	2,81,40,797	2,81,40,797	2,81,40,797	2,81,40,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,658	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797	2,46,90,797

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Novartis India shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	44,652	44,497	44,162	45,249	41,856	40,051	39,488	40,160	41,213	40,545	40,339	40,173	40,476	41,107	41,965	41,022	41,442	41,572	43,784	45,141	44,640	44,371	43,996	43,275	42,622	41,947	43,343	43,992	43,128	41,239	39,265	39,596	38,926	39,133	39,040	39,353	39,468	38,116	36,502	38,127
	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	3
Indian promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2
Foreign promoters	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	44,651	44,496	44,161	45,248	41,855	40,050	39,487	40,159	41,212	40,544	40,338	40,172	40,475	41,106	41,964	41,021	41,441	41,571	43,783	45,140	44,639	44,370	43,995	43,274	42,621	41,946	43,342	43,991	43,127	41,238	39,264	39,595	38,925	39,132	39,039	39,352	39,467	38,115	36,501	38,124
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	15	16	16	19	21	19	18	18	18	18	17	17	17	15	14	6	6
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	14	13	16	18	17	16	16	16	16	15	15	15	15	14	5	4
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13	–	1	1	1	–	–	–	–	–	–	–	–	–	–	1	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	–	–	–	–
Foreign Institutional Investors	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	–	2	2	2	2	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	24	23	23	24	21	21	20	20	21	21	21	21	21	21	20	24	26
Mutual funds	10	10	10	6	5	5	5	5	5	5	5	5	5	5	5	5	5	5	6	5	5	5	5	6	6	6	6	5	5	5	5	6	6	6	6	6	5	5	7	9
Insurance companies	–	–	–	–	0	–	–	–	–	–	–	2	2	2	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	16	15	15	15	13	13	12	12	12	12	12	12	12	12	12	12	12
Alternative investment funds	–	–	–	–	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	2	2
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	2	2	2	2	2	2	2	2	2	2	2	2	2	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	43,235	42,582	41,907	43,299	43,949	43,087	41,200	39,226	39,556	38,886	39,094	39,001	39,314	39,431	38,081	36,471	38,092
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	41,056	40,450	39,793	41,213	41,869	41,004	39,124	37,208	37,510	36,863	37,051	36,934	37,232	37,318	36,003	34,432	36,000
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	4	4	4	4	4	5	5	6	6	6	7	6	4	8	7	6
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	261	255	251	245	255	261	259	249	243	241	230	241	224	223	211	196	232
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	690	678	690	704	701	699	728	725	757	758	783	804	812	839	874	883	910
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,222	1,193	1,167	1,131	1,118	1,117	1,082	1,037	1,038	1,016	1,021	1,012	1,037	1,044	982	950	942
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	36	16	12	5	4	3	4	4	4	4	4	4	23	23	23	23	27
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	16	16	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,166	1,158	1,137	1,106	1,095	1,093	1,054	1,013	1,014	993	999	987	991	997	937	904	901
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	3	3	4	4	5	4	4	3	3	3	3	3	3	3	3	2
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	15	16	15	15	19	15	16	15	14	17	19	20	18	19	11
Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	–	–	–	–	–	–	–	–	–
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1

Novartis India promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Waverise Investments Limited, 56.45%.Promoter buying and selling

Holder
Waverise Investments LimitedForeign companies and others	56.45%	1,39,38,382
Chryscapital Fund XIndian companies, trusts and others	10.32%	25,47,189
Two Infinity PartnersIndian companies, trusts and others	3.91%	9,65,149

No promoter shares are reported as pledged.

Largest public holders of Novartis India, filing by filing

Per cent, on the same shares as the split above.

Holder	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Atul LimitedCompanies	1.33%	–	1.33%	1.33%	1.33%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%
The Oriental Insurance Company LimitedFinancial Institution Or Banks	–	–	–	–	–	1.14%	1.14%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.