VOO historic quarter change: Reduced
Over 7 periods from 2024-06-30 to 2026-03-31, VOO opened 88 positions, added to 2,774, reduced 737 and sold out of 84.
- 2025-06-30 to 2025-09-30: Holding MSFT; Shares before 210,974,299; Shares after 183,396,250; Share change -27,578,049.
- 2025-06-30 to 2025-09-30: Holding AMZN; Shares before 268,198,756; Shares after 239,449,288; Share change -28,749,468.
- 2025-06-30 to 2025-09-30: Holding AAPL; Shares before 423,950,930; Shares after 366,145,920; Share change -57,805,010.
- 2025-06-30 to 2025-09-30: Holding META; Shares before 61,627,857; Shares after 53,513,352; Share change -8,114,505.
Each consecutive pair of Form N-PORT portfolios of Vanguard S&P 500 ETF compared, 7 periods: 2025-12-31 to 2026-03-31 (filed 2026-05-28); 2025-09-30 to 2025-12-31 (filed 2026-02-26); 2025-06-30 to 2025-09-30 (filed 2025-11-25); 2025-03-31 to 2025-06-30 (filed 2025-08-27); 2024-12-31 to 2025-03-31 (filed 2025-05-28); 2024-09-30 to 2024-12-31 (filed 2025-02-28); 2024-06-30 to 2024-09-30 (filed 2024-11-26). The fund reports every share class together, so share counts are the whole fund's. Value change is the filed value at each report date, so it includes the price move. Only the portfolios in the N-PORT data sets held here are compared; they start at 2024-06-30.
| Period | Holding | Shares before | Shares after | Share change | Value before | Value after | Value change | Filed |
|---|---|---|---|---|---|---|---|---|
| 2025-06-30 to 2025-09-30 | MSFT Microsoft Corp | 210,974,299 | 183,396,250 | -27,578,049 | $104,940,726,066 | $94,990,087,688 | -$9,950,638,378 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | AMZN Amazon.com Inc | 268,198,756 | 239,449,288 | -28,749,468 | $58,840,125,079 | $52,575,880,166 | -$6,264,244,913 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | AAPL Apple Inc | 423,950,930 | 366,145,920 | -57,805,010 | $86,982,012,308 | $93,231,735,610 | +$6,249,723,302 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | META Meta Platforms Inc | 61,627,857 | 53,513,352 | -8,114,505 | $45,486,904,973 | $39,299,135,442 | -$6,187,769,531 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | GOOG Alphabet Inc | 165,200,978 | 143,519,953 | -21,681,025 | $29,113,368,353 | $34,889,700,574 | +$5,776,332,221 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | TSLA Tesla Inc | 79,541,475 | 69,234,083 | -10,307,392 | $25,267,144,949 | $30,789,781,392 | +$5,522,636,443 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | GOOGL Alphabet Inc | 133,258,947 | 115,213,135 | -18,045,812 | $23,638,804,608 | $28,060,159,029 | +$4,421,354,421 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | NFLX Netflix Inc | 12,079,024 | 10,484,969 | -1,594,055 | $16,175,383,409 | $12,570,639,033 | -$3,604,744,376 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | V Visa Inc | 48,316,514 | 40,909,845 | -7,406,669 | $17,154,778,296 | $13,965,802,886 | -$3,188,975,410 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | NVDA NVIDIA Corp | 692,239,585 | 602,010,941 | -90,228,644 | $109,366,932,034 | $112,323,201,372 | +$2,956,269,338 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | Berkshire Hathaway Inc CUSIP 084670702 | 52,050,421 | 45,242,005 | -6,808,416 | $25,284,533,009 | $22,744,965,594 | -$2,539,567,415 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | LLY Eli Lilly & Co | 22,327,649 | 19,616,694 | -2,710,955 | $17,405,072,225 | $14,967,537,522 | -$2,437,534,703 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | COST Costco Wholesale Corp | 12,594,561 | 10,942,656 | -1,651,905 | $12,467,859,716 | $10,128,850,673 | -$2,339,009,043 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | PLTR Palantir Technologies Inc | 60,383,455 | 56,112,131 | -4,271,324 | $8,231,472,586 | $10,235,974,937 | +$2,004,502,351 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | JPM JPMorgan Chase & Co | 77,584,643 | 65,439,407 | -12,145,236 | $22,492,563,852 | $20,641,552,150 | -$1,851,011,702 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | CRM Salesforce Inc | 27,235,453 | 23,587,204 | -3,648,249 | $7,426,835,679 | $5,590,167,348 | -$1,836,668,331 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | PM Philip Morris International Inc | 44,182,707 | 38,405,552 | -5,777,155 | $8,046,996,426 | $6,229,380,534 | -$1,817,615,892 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | PG Procter & Gamble Co/The | 66,550,787 | 57,791,087 | -8,759,700 | $10,602,871,385 | $8,879,600,518 | -$1,723,270,867 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | ISRG Intuitive Surgical Inc | 10,174,384 | 8,843,451 | -1,330,933 | $5,528,862,009 | $3,955,056,591 | -$1,573,805,419 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | INTU Intuit Inc | 7,935,204 | 6,882,313 | -1,052,891 | $6,250,004,727 | $4,700,000,371 | -$1,550,004,356 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | ACN Accenture PLC | 17,769,789 | 15,365,863 | -2,403,926 | $5,311,212,234 | $3,789,221,816 | -$1,521,990,418 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | AVGO Broadcom Inc | 133,466,643 | 116,047,734 | -17,418,909 | $36,790,080,143 | $38,285,307,924 | +$1,495,227,781 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | KO Coca-Cola Co/The | 109,952,989 | 95,563,723 | -14,389,266 | $7,779,173,972 | $6,337,786,109 | -$1,441,387,862 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | ORCL Oracle Corp | 46,168,043 | 40,893,082 | -5,274,961 | $10,093,719,241 | $11,500,770,382 | +$1,407,051,141 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | MA Mastercard Inc | 23,024,307 | 20,369,644 | -2,654,663 | $12,938,279,076 | $11,586,457,204 | -$1,351,821,872 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | XOM Exxon Mobil Corp | 122,337,332 | 105,177,514 | -17,159,818 | $13,187,964,390 | $11,858,764,704 | -$1,329,199,686 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | NOW ServiceNow Inc | 5,875,951 | 5,132,128 | -743,823 | $6,040,947,704 | $4,722,994,756 | -$1,317,952,948 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | IBM International Business Machines Corp | 26,381,690 | 22,982,597 | -3,399,093 | $7,776,794,578 | $6,484,769,570 | -$1,292,025,009 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | DIS Walt Disney Co/The | 51,028,805 | 44,359,836 | -6,668,969 | $6,328,082,108 | $5,079,201,222 | -$1,248,880,886 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | TXN Texas Instruments Inc | 25,786,804 | 22,430,367 | -3,356,437 | $5,353,856,246 | $4,121,131,329 | -$1,232,724,918 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | CSCO Cisco Systems Inc | 112,923,941 | 97,700,931 | -15,223,010 | $7,834,663,027 | $6,684,697,699 | -$1,149,965,328 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | BKNG Booking Holdings Inc | 923,385 | 798,874 | -124,511 | $5,345,697,377 | $4,313,336,422 | -$1,032,360,955 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | ADBE Adobe Inc | 12,096,763 | 10,466,517 | -1,630,246 | $4,679,995,669 | $3,692,063,872 | -$987,931,798 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | FISV Fiserv Inc | 15,737,474 | 13,410,998 | -2,326,476 | $2,713,297,892 | $1,729,079,972 | -$984,217,920 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | ABT Abbott Laboratories | 49,386,345 | 42,940,797 | -6,445,548 | $6,717,036,783 | $5,751,490,350 | -$965,546,433 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | HON Honeywell International Inc | 18,242,829 | 15,663,215 | -2,579,614 | $4,248,390,018 | $3,297,106,758 | -$951,283,260 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | SPGI S&P Global Inc | 8,910,352 | 7,710,264 | -1,200,088 | $4,698,339,506 | $3,752,662,591 | -$945,676,915 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | BSX Boston Scientific Corp | 41,994,119 | 36,558,649 | -5,435,470 | $4,510,588,322 | $3,569,220,902 | -$941,367,420 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | T AT&T Inc | 204,249,500 | 176,412,083 | -27,837,417 | $5,910,980,530 | $4,981,877,224 | -$929,103,306 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | CMCSA Comcast Corp | 105,711,832 | 90,856,857 | -14,854,975 | $3,772,855,284 | $2,854,722,447 | -$918,132,837 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | PGR Progressive Corp/The | 16,640,354 | 14,462,673 | -2,177,681 | $4,440,644,868 | $3,571,557,097 | -$869,087,771 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | CMG Chipotle Mexican Grill Inc | 38,244,207 | 33,082,065 | -5,162,142 | $2,147,412,223 | $1,296,486,127 | -$850,926,096 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | INTC Intel Corp | 123,817,749 | 107,992,987 | -15,824,762 | $2,773,517,578 | $3,623,164,714 | +$849,647,136 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | WMT Walmart Inc | 122,636,064 | 108,303,631 | -14,332,433 | $11,991,354,338 | $11,161,772,211 | -$829,582,127 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | DE Deere & Co | 7,163,991 | 6,214,016 | -949,975 | $3,642,817,784 | $2,841,420,956 | -$801,396,827 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | ABBV AbbVie Inc | 50,140,278 | 43,584,907 | -6,555,371 | $9,307,038,402 | $10,091,649,367 | +$784,610,964 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | WFC Wells Fargo & Co | 92,368,846 | 79,028,129 | -13,340,717 | $7,400,591,942 | $6,624,137,773 | -$776,454,169 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | LIN Linde PLC | 13,360,991 | 11,569,775 | -1,791,216 | $6,268,709,757 | $5,495,643,125 | -$773,066,632 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | VRTX Vertex Pharmaceuticals Inc | 7,288,921 | 6,325,542 | -963,379 | $3,245,027,629 | $2,477,335,269 | -$767,692,360 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | SYK Stryker Corp | 9,763,632 | 8,488,481 | -1,275,151 | $3,862,785,728 | $3,137,936,771 | -$724,848,957 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | AMT American Tower Corp | 13,288,423 | 11,552,978 | -1,735,445 | $2,937,007,251 | $2,221,868,729 | -$715,138,523 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | ANET Arista Networks Inc | 29,233,211 | 25,428,980 | -3,804,231 | $2,990,849,817 | $3,705,256,676 | +$714,406,858 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | MU Micron Technology Inc | 31,723,179 | 27,612,407 | -4,110,772 | $3,909,881,812 | $4,620,107,939 | +$710,226,127 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | ELV Elevance Health Inc | 6,413,284 | 5,554,881 | -858,403 | $2,494,510,945 | $1,794,893,149 | -$699,617,796 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | LRCX Lam Research Corp | 36,308,072 | 31,223,730 | -5,084,342 | $3,534,227,728 | $4,180,857,447 | +$646,629,719 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | ADP Automatic Data Processing Inc | 11,522,343 | 9,993,363 | -1,528,980 | $3,553,490,581 | $2,933,052,041 | -$620,438,541 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | MRSH Marsh & McLennan Cos Inc | 13,985,933 | 12,130,523 | -1,855,410 | $3,057,884,391 | $2,444,664,300 | -$613,220,091 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | CI Cigna Group/The | 7,581,899 | 6,585,686 | -996,213 | $2,506,424,171 | $1,898,323,990 | -$608,100,182 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | ICE Intercontinental Exchange Inc | 16,282,008 | 14,123,391 | -2,158,617 | $2,987,260,008 | $2,379,508,916 | -$607,751,092 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | VZ Verizon Communications Inc | 119,672,636 | 104,027,954 | -15,644,682 | $5,178,234,960 | $4,572,028,578 | -$606,206,381 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | TDG TransDigm Group Inc | 1,594,714 | 1,390,807 | -203,907 | $2,424,985,897 | $1,833,111,442 | -$591,874,455 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | JNJ Johnson & Johnson | 68,296,868 | 59,421,087 | -8,875,781 | $10,432,346,587 | $11,017,857,952 | +$585,511,365 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | UPS United Parcel Service Inc | 20,827,235 | 18,160,572 | -2,666,663 | $2,102,301,101 | $1,516,952,579 | -$585,348,522 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | CRWD Crowdstrike Holdings Inc | 7,069,546 | 6,150,113 | -919,433 | $3,600,590,473 | $3,015,892,413 | -$584,698,060 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | SBUX Starbucks Corp | 32,257,825 | 28,045,265 | -4,212,560 | $2,955,784,505 | $2,372,629,419 | -$583,155,086 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | MCD McDonald's Corp | 20,296,341 | 17,606,350 | -2,689,991 | $5,929,981,950 | $5,350,393,702 | -$579,588,248 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | AXP American Express Co | 15,710,441 | 13,390,602 | -2,319,839 | $5,011,316,470 | $4,447,822,360 | -$563,494,110 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | FTNT Fortinet Inc | 18,033,566 | 16,073,232 | -1,960,334 | $1,906,508,598 | $1,351,437,347 | -$555,071,251 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | QCOM QUALCOMM Inc | 31,143,170 | 26,607,978 | -4,535,192 | $4,959,861,254 | $4,426,503,220 | -$533,358,034 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | GILD Gilead Sciences Inc | 35,306,858 | 30,613,443 | -4,693,415 | $3,914,471,346 | $3,398,092,173 | -$516,379,173 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | AMGN Amgen Inc | 15,262,917 | 13,282,507 | -1,980,410 | $4,261,559,056 | $3,748,323,475 | -$513,235,580 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | COF Capital One Financial Corp | 18,155,467 | 15,778,664 | -2,376,803 | $3,862,757,159 | $3,354,228,393 | -$508,528,766 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | UBER Uber Technologies Inc | 59,357,732 | 51,450,680 | -7,907,052 | $5,538,076,396 | $5,040,623,120 | -$497,453,276 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | CL Colgate-Palmolive Co | 23,003,669 | 19,940,010 | -3,063,659 | $2,091,033,512 | $1,594,004,399 | -$497,029,113 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | PANW Palo Alto Networks Inc | 18,794,774 | 16,480,415 | -2,314,359 | $3,846,162,551 | $3,355,742,102 | -$490,420,449 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | MDLZ Mondelez International Inc | 36,755,840 | 31,925,351 | -4,830,489 | $2,478,813,850 | $1,994,376,677 | -$484,437,173 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | CB Chubb Ltd | 10,578,578 | 9,147,385 | -1,431,193 | $3,064,825,618 | $2,581,849,416 | -$482,976,202 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | CARR Carrier Global Corp | 22,631,467 | 19,738,285 | -2,893,182 | $1,656,397,070 | $1,178,375,615 | -$478,021,455 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | CHTR Charter Communications Inc | 2,709,191 | 2,291,157 | -418,034 | $1,107,544,373 | $630,308,746 | -$477,235,626 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | PYPL PayPal Holdings Inc | 27,604,422 | 23,569,645 | -4,034,777 | $2,051,560,643 | $1,580,580,394 | -$470,980,249 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | MRK Merck & Co Inc | 71,274,565 | 61,623,445 | -9,651,120 | $5,642,094,565 | $5,172,055,739 | -$470,038,827 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | WBD Warner Bros Discovery Inc | 63,908,334 | 61,117,586 | -2,790,748 | $732,389,508 | $1,193,626,455 | +$461,236,947 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | BAC Bank of America Corp | 176,496,014 | 152,968,813 | -23,527,201 | $8,351,791,382 | $7,891,661,063 | -$460,130,320 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | BA Boeing Co/The | 21,402,221 | 18,655,819 | -2,746,402 | $4,484,407,366 | $4,026,485,415 | -$457,921,951 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | DHR Danaher Corp | 18,079,558 | 15,722,922 | -2,356,636 | $3,571,435,887 | $3,117,226,516 | -$454,209,372 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | TT Trane Technologies PLC | 6,329,608 | 5,489,999 | -839,609 | $2,768,633,835 | $2,316,559,978 | -$452,073,857 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | NEM Newmont Corp | 31,591,430 | 27,099,001 | -4,492,429 | $1,840,516,712 | $2,284,716,774 | +$444,200,063 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | UNP Union Pacific Corp | 16,959,375 | 14,630,236 | -2,329,139 | $3,902,013,000 | $3,458,148,883 | -$443,864,117 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | CTAS Cintas Corp | 9,742,486 | 8,451,451 | -1,291,035 | $2,171,307,855 | $1,734,744,832 | -$436,563,023 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | GLW Corning Inc | 21,880,176 | 19,233,749 | -2,646,427 | $1,150,678,456 | $1,577,744,430 | +$427,065,975 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | KDP Keurig Dr Pepper Inc | 38,551,347 | 33,515,396 | -5,035,951 | $1,274,507,532 | $854,977,752 | -$419,529,780 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | CME CME Group Inc | 10,228,592 | 8,891,200 | -1,337,392 | $2,819,204,527 | $2,402,313,328 | -$416,891,199 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | BMY Bristol-Myers Squibb Co | 57,766,947 | 50,219,450 | -7,547,497 | $2,674,031,977 | $2,264,897,195 | -$409,134,782 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | ROP Roper Technologies Inc | 3,052,129 | 2,655,137 | -396,992 | $1,730,068,802 | $1,324,090,271 | -$405,978,532 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | SCHW Charles Schwab Corp/The | 48,480,070 | 42,099,832 | -6,380,238 | $4,423,321,587 | $4,019,270,961 | -$404,050,626 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | HD Home Depot Inc/The | 28,212,460 | 24,547,406 | -3,665,054 | $10,343,816,334 | $9,946,363,437 | -$397,452,897 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | PEP PepsiCo Inc | 38,918,165 | 33,777,603 | -5,140,562 | $5,138,754,507 | $4,743,726,565 | -$395,027,941 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | WDC Western Digital Corp | 9,902,946 | 8,560,358 | -1,342,588 | $633,689,515 | $1,027,756,581 | +$394,067,067 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | IT Gartner Inc | 2,184,498 | 1,869,203 | -315,295 | $883,017,782 | $491,357,393 | -$391,660,389 | 2025-11-25 |
| 2025-06-30 to 2025-09-30 | MCO Moody's Corp | 4,391,507 | 3,805,423 | -586,084 | $2,202,735,996 | $1,813,207,951 | -$389,528,045 | 2025-11-25 |