HolderBook

Telos Capital Management, Inc.

Reported holdings as of Q2 2026, from 31 quarterly filings.

CIK
1567889
Reported value
$1.1B
Positions
201
Top 10 weight
28.2%
Filed
2026-07-22
Days after quarter end
22

Holdings

SecurityTickerValue SharesWeightWeight change Held Change
APPLE INCAAPL$64.4M222,4375.67%+0.20pp31q-1.2%-$762.8K
VANGUARD INDEX FDSVTI$40.7M109,9573.59%-0.14pp31q-9.3%-$4.2M
QUALCOMM INCQCOM$32.0M173,3322.82%+0.47pp31q-9.2%-$3.2M
ALPHABET INCGOOGL$31.2M87,2292.75%+0.30pp31q-1.6%-$519.6K
VANGUARD INTL EQUITY INDEX FVEU$30.1M359,8012.66%+0.10pp31q+1.1%+$335.9K
PALO ALTO NETWORKS INCPANW$29.0M84,9262.55%+1.23pp11q-1.3%-$376.5K
MORGAN STANLEYMS$26.4M126,5072.33%+0.27pp31q-3.3%-$912.7K
VANGUARD TAX-MANAGED FDSVEA$22.5M316,4421.99%+0.01pp31q-1.7%-$388.7K
HOME DEPOT INCHD$22.4M63,4191.97%-0.02pp31q+0.5%+$115.0K
AMAZON COM INCAMZN$21.5M90,2521.90%-0.01pp31q-5.5%-$1.3M
VISA INCV$21.5M62,5241.89%+0.07pp31qHELD
JPMORGAN CHASE & COJPM$21.4M65,3141.88%+0.04pp31qHELD
PEPSICO INCPEP$20.1M148,5151.77%-0.41pp31q+1.1%+$217.2K
ALPHABET INCGOOG$19.1M54,0381.68%+0.19pp31q-0.8%-$153.0K
EOG RES INCEOG$18.3M141,0671.61%-0.31pp9q+1.4%+$248.4K
CHEVRON CORPORATIONCVX$17.1M102,8921.50%-0.54pp31qHELD
ASML HLDG NVASML$16.9M8,5111.49%+0.38pp17q-3.4%-$602.8K
COSTCO WHOLESALE CORPORATIONCOST$16.6M17,6951.46%+0.05pp31q+19.9%+$2.7M
PROCTER & GAMBLE COPG$16.4M112,1781.45%-0.10pp31qHELD
TRAVELERS COMPANIES INCTRV$16.2M49,1451.43%+0.06pp31qHELD
ISHARES TRIVV$15.2M20,2771.34%+0.08pp31q+1.0%+$145.3K
ISHARES TRIJH$14.9M193,3051.31%+0.08pp31q+1.7%+$249.5K
INVESCO QQQ TRQQQ$14.5M19,6271.27%+0.12pp31q-6.3%-$975.7K
BERKSHIRE HATHAWAY INC DELBRKB$14.4M28,7181.27%-0.05pp31qHELD
CISCO SYS INCCSCO$14.0M119,1531.23%+0.31pp31q-3.9%-$572.6K
CARRIER GLOBAL CORPORATIONCARR$13.8M187,5231.21%+0.20pp25qHELD
AMERICAN CENTY ETF TRAVDV$13.0M126,1971.15%-0.07pp7q-0.9%-$114.9K
MICROSOFT CORPMSFT$12.7M33,9641.12%-0.06pp31q+2.5%+$314.8K
MASTERCARD INCORPORATEDMA$12.2M23,6571.07%-0.06pp28qHELD
VERTEX PHARMACEUTICALS INCVRTX$12.1M24,2891.06%+0.07pp21q+4.5%+$524.1K
NORTHROP GRUMMAN CORPNOC$11.7M23,0271.03%-0.41pp22q+4.2%+$475.2K
JOHNSON & JOHNSONJNJ$11.7M46,0491.03%-0.06pp31q-0.9%-$105.9K
NXP SEMICONDUCTORS N VNXPI$10.7M38,0620.94%+0.03pp28q-21.0%-$2.8M
ROCKWELL AUTOMATION INCROK$10.1M20,3610.89%+0.18pp29q-0.8%-$83.2K
REPUBLIC SVCS INCRSG$9.6M44,9980.84%-0.07pp25q+2.9%+$273.0K
SERVICENOW INCNOW$9.5M96,1830.84%-0.13pp14qHELD
AMGEN INCAMGN$9.4M25,9900.83%-0.05pp31qHELD
PHILLIPS 66PSX$9.4M55,6440.83%-0.16pp30q-2.0%-$193.9K
WILLIAMS SONOMA INCWSM$9.2M39,6050.81%+0.12pp21qHELD
VANGUARD SCOTTSDALE FDSVCSH$9.1M115,1700.80%-0.01pp18q+7.3%+$622.1K
DANAHER CORP DELDHR$9.1M47,5520.80%-0.06pp28qHELD
IQVIA HLDGS INCIQV$9.0M46,7550.80%+0.04pp31qHELD
PNC FINL SVCS GROUP INCPNC$8.8M35,5710.77%+0.05pp31q-2.0%-$176.3K
ISHARES TRIJR$8.7M58,6200.77%+0.07pp31q+0.7%+$62.3K
JACOBS SOLUTIONS INCJ$8.6M68,5390.76%-0.12pp16q-5.2%-$476.8K
TE CONNECTIVITY PLCTEL$8.6M42,5140.76%-0.07pp6q+2.5%+$212.7K
GOLDMAN SACHS GROUP INCGS$8.5M8,3740.75%-0.19pp31q-27.1%-$3.2M
AMERICAN ELEC PWR CO INCAEP$8.0M58,4000.70%-0.04pp31q-1.8%-$147.5K
AMERICAN CENTY ETF TRAVEM$7.7M80,0200.68%+0.06pp9q-1.1%-$88.8K
NEXTERA ENERGY INCNEE$7.7M87,7690.68%-0.09pp31q+1.0%+$79.5K
EDWARDS LIFESCIENCES CORPEW$7.5M82,8110.66%+0.03pp13qHELD
AIR PRODUCTS AND CHEMICALS IAPD$7.4M25,1620.65%-0.07pp11q-2.5%-$187.9K
NETFLIX INCNFLX$7.4M103,1380.65%-0.33pp31q-3.4%-$261.5K
VANGUARD SCOTTSDALE FDSVCIT$7.2M87,2760.64%-0.01pp18q+7.1%+$477.4K
CBRE GROUP INCCBRE$7.1M52,9290.63%-0.06pp31qHELD
RTX CORPORATIONRTX$7.0M36,9960.62%-0.02pp25q+7.0%+$456.3K
VANGUARD WHITEHALL FDSVYM$7.0M44,4120.62%-0.03pp31q-3.0%-$216.7K
RESMED INCRMD$7.0M35,8010.61%-0.15pp31qHELD
SOUTHERN COSO$6.9M72,5110.61%-0.04pp31q+2.3%+$156.9K
DISNEY WALT CODIS$6.9M71,1900.60%-0.08pp31q-4.4%-$314.4K
ISHARES TRIEFA$6.7M69,8770.59%-0.02pp18q-1.4%-$94.5K
ENBRIDGE INCENB$6.7M124,4470.59%-0.06pp31q-1.0%-$69.9K
LOCKHEED MARTIN CORPLMT$6.7M13,1310.59%-0.20pp30q-4.0%-$280.2K
REALTY INCOME CORPO$6.5M105,0000.57%-0.03pp31q+1.5%+$93.5K
BRISTOL-MYERS SQUIBB COBMY$6.4M111,7800.57%-0.11pp31q-3.7%-$248.2K
META PLATFORMS INCMETA$6.3M11,2210.56%-0.06pp31qHELD
WALMART INCWMT$6.1M53,6010.53%-0.10pp28qHELD
MCDONALDS CORPMCD$5.9M21,6810.52%-0.11pp15q+2.5%+$145.7K
AMERICAN CENTY ETF TRAVUV$5.8M46,7670.51%+0.03pp9q+1.3%+$74.1K
HONEYWELL INTL INCHON$5.8M25,8560.51%-newNEW
HONEYWELL AEROSPACE INCHONA$5.7M25,8560.50%-newNEW
NVIDIA CORPORATIONNVDA$5.6M28,1400.50%-0.15pp19q-26.7%-$2.1M
AMERICAN CENTY ETF TRAVIV$5.6M72,6800.50%-0.02pp2q+1.3%+$73.2K
MEDTRONIC PLCMDT$5.4M68,9270.48%-0.10pp31q-1.0%-$54.1K
SELECT SECTOR SPDR TRXLE$5.2M98,2510.46%-0.11pp10q+1.6%+$81.8K
ABBVIE INCABBV$4.6M18,3800.41%+0.02pp28q-1.8%-$85.3K
INVESCO EXCHANGE TRADED FD TRSP$4.6M21,6430.41%+0.02pp16q+2.2%+$97.0K
GENUINE PARTS COGPC$4.6M38,8590.40%-0.03pp25q-9.1%-$461.2K
ISHARES TREFV$4.6M59,8230.40%-0.04pp18q-3.0%-$142.3K
WASTE MGMT INC DELWM$4.4M19,8820.39%-0.03pp31q+4.2%+$178.8K
VANECK ETF TRUSTSMH$4.2M6,3880.37%-0.03pp5q-40.8%-$2.9M
NOVARTIS AGNVS$4.0M25,4830.35%-0.02pp31q-0.9%-$34.5K
SELECT SECTOR SPDR TRXLV$4.0M25,1080.35%-newNEW
AMENTUM HOLDINGS INCAMTM$3.8M185,6110.34%-0.14pp8q-2.3%-$88.7K
EXXON MOBIL CORPXOMXXXX$3.2M23,5610.28%-0.11pp23q-1.9%-$62.8K
CATERPILLAR INCCAT$3.2M2,9670.28%+0.08pp27q+0.5%+$17.0K
STATE STR SPDR S&P 500 ETF TSPY$3.1M4,1100.27%+0.04pp31q+9.5%+$265.1K
CROWDSTRIKE HLDGS INCCRWD$3.0M3,8910.26%+0.11pp8q-6.2%-$194.6K
ISHARES TRIWS$2.9M17,8200.26%flat31q-3.6%-$110.1K
ELI LILLY & COLLY$2.8M2,3020.24%+0.04pp31qHELD
VANGUARD INDEX FDSVBR$2.7M11,2550.24%flat31q-4.2%-$118.8K
ISHARES TRSOXX$2.7M4,2110.24%+0.09pp17q-8.0%-$233.9K
ABBOTT LABORATORIESABT$2.6M28,9590.23%-0.05pp28qHELD
UNION PAC CORPUNP$2.2M8,0940.19%+0.01pp31qHELD
LAM RESEARCH CORPLRCX$2.1M4,9540.19%+0.08pp7q-2.9%-$64.1K
DEERE & CODE$2.1M3,2890.18%+0.01pp31qHELD
VANGUARD INDEX FDSVXF$2.0M8,2280.18%-0.06pp31q-32.6%-$979.9K
PROLOGIS INC.PLD$2.0M14,6420.17%-0.02pp26q-3.1%-$63.3K
AFLAC INCAFL$1.9M16,4270.17%flat28qHELD
INTERNATIONAL BUSINESS MACHSIBM$1.9M6,7650.17%+0.01pp31q-2.4%-$46.1K
MID-AMER APT CMNTYS INCMAA$1.9M13,6550.17%flat31q-3.3%-$65.4K
CAMDEN PPTY TRCPT$1.9M16,4200.17%+0.01pp31q-3.5%-$68.9K
KLA CORPKLAC$1.8M6,0350.16%+0.07pp14q+892.6%+$1.6M
VANGUARD WORLD FDVGT$1.8M15,1600.16%+0.04pp7q+715.5%+$1.6M
UDR INCUDR$1.8M45,2590.16%+0.01pp31q-4.1%-$78.1K
MERCK & CO INCMRK$1.8M14,0350.16%-0.01pp31q-2.3%-$41.8K
UNITED PARCEL SVCS INCUPS$1.7M15,8630.15%flat31q-2.8%-$48.4K
ISHARES TRIBB$1.6M8,6090.14%-0.01pp31q-7.4%-$131.0K
SPDR SERIES TRUSTSPTM$1.6M17,7590.14%+0.01pp31qHELD
BROADCOM INCAVGO$1.5M4,0110.13%+0.02pp15q+1.6%+$24.6K
NIKE INCNKE$1.5M36,8500.13%-0.05pp3qHELD
ARISTA NETWORKS INCANET$1.5M8,8040.13%+0.03pp7qHELD
DIGITAL RLTY TR INCDLR$1.4M7,6290.12%-0.03pp31q-10.0%-$152.6K
MICRON TECHNOLOGY INCMU$1.3M1,1420.12%+0.07pp5q-17.2%-$273.6K
APPLIED MATLS INCAMAT$1.3M1,7450.11%+0.05pp15q-6.6%-$89.7K
EMERSON ELEC COEMR$1.2M8,4290.11%flat28q-1.1%-$13.9K
SELECT SECTOR SPDR TRXLU$1.2M26,0040.10%-0.01pp31q-1.8%-$21.9K
WELLS FARGO & COWFC$1.2M13,9560.10%-0.01pp31q-0.7%-$8.3K
VANGUARD INDEX FDSVNQ$1.1M11,8710.10%-0.01pp18q-11.2%-$143.8K
MICROCHIP TECHNOLOGY INC.MCHP$1.1M11,7800.09%+0.02pp28q-3.3%-$36.5K
VANGUARD INDEX FDSVOO$1.0M1,5030.09%-0.01pp29q-17.7%-$222.5K
ISHARES TRHYG$1.0M12,5800.09%-0.01pp24q+0.6%+$6.1K
ISHARES TRPFF$986.0K32,3380.09%-0.01pp31q+0.6%+$5.9K
GE AEROSPACEGE$979.4K2,6210.09%+0.02pp20q+3.0%+$28.4K
ALEXANDRIA REAL ESTATE EQ INARE$959.8K18,1610.08%flat31q-5.1%-$51.3K
SELECT SECTOR SPDR TRXLP$915.8K11,0250.08%-0.01pp3q-2.2%-$20.8K
COLUMBIA ETF TR IIXCEM$909.4K17,1970.08%flat15q-12.4%-$128.8K
ISHARES TRIWF$889.1K7,1600.08%+0.01pp31q+300.0%+$666.8K
SPDR SERIES TRUSTCWB$886.4K8,2210.08%-0.01pp31q-14.6%-$151.8K
SPDR GOLD TRGLD$886.0K2,4050.08%-0.02pp16q-3.4%-$30.9K
ADVANCED MICRO DEVICES INCAMD$865.6K1,4900.08%+0.05pp4q+17.3%+$127.8K
VANGUARD SPECIALIZED FUNDSVIG$819.3K3,4630.07%flat11qHELD
COCA COLA COKO$784.6K9,6540.07%-0.01pp31q-14.1%-$128.8K
SCHWAB STRATEGIC TRSCHD$773.3K24,3860.07%-0.02pp4q-20.7%-$201.4K
KIMCO REALTY CORPKIM$703.1K27,7340.06%-0.01pp31q-12.7%-$102.4K
ISHARES TRIGV$691.6K7,6340.06%-newNEW
ISHARES INCEMXC$687.0K6,7160.06%flat19q-21.1%-$183.5K
KIMBERLY-CLARK CORPKMB$670.0K6,1040.06%flat28qHELD
PFIZER INCPFE$625.0K25,9540.06%-0.01pp31q+0.7%+$4.2K
VANECK ETF TRUSTPPH$611.5K5,5920.05%-0.01pp7q-6.3%-$41.4K
VERIZON COMMUNICATIONS INCVZ$608.8K14,3790.05%-0.02pp31q-11.0%-$75.5K
PRICE T ROWE GROUP INCTROW$597.7K5,2570.05%-0.13pp28q-75.0%-$1.8M
SYSCO CORPSYY$593.4K7,1000.05%flat31qHELD
WW GRAINGER INCGWW$544.2K4000.05%+0.01pp15qHELD
D R HORTON INCDHI$540.5K3,3190.05%flat15q+0.7%+$3.6K
SL GREEN RLTY CORPSLG$539.5K10,4200.05%+0.01pp18q-6.2%-$35.7K
ISHARES TREFA$520.3K5,0090.05%flat31qHELD
ORACLE CORPORCL$512.0K3,4940.05%flat31q+1.7%+$8.8K
PALANTIR TECHNOLOGIES INCPLTR$510.8K4,3780.05%-0.01pp7q+4.1%+$20.0K
PHILIP MORRIS INTL INCPM$508.7K2,8120.04%-0.01pp8q-16.3%-$98.8K
STARBUCKS CORPSBUX$497.6K4,8700.04%flat31q-13.3%-$76.1K
TESLA INCTSLA$483.3K1,1490.04%-0.13pp14q-75.9%-$1.5M
ILLUMINA INCILMN$481.2K2,7370.04%+0.01pp27qHELD
CONSTELLATION ENERGY CORPCEG$480.3K1,9340.04%-0.01pp11qHELD
AT&T INCT$454.8K21,9720.04%-0.03pp6q-16.7%-$91.4K
XYLEM INCXYL$451.3K3,8180.04%flat31q+1.2%+$5.3K
VANGUARD INTL EQUITY INDEX FVWO$446.6K7,4810.04%flat31q+3.3%+$14.3K
L3HARRIS TECHNOLOGIES INCLHX$407.7K1,4030.04%-0.01pp28q+1.4%+$5.5K
REGENCY CTRS CORPREG$387.1K4,8540.03%flat31q-6.9%-$28.8K
SCHWAB CHARLES CORPSCHW$384.0K4,1620.03%flat11qHELD
SALESFORCE INCCRM$371.7K2,3730.03%-0.01pp11q-5.7%-$22.4K
HUBBELL INCHUBB$365.7K6990.03%flat26qHELD
VANGUARD INDEX FDSVTV$354.4K1,6260.03%flat31q-2.1%-$7.6K
SELECT SECTOR SPDR TRXLK$349.5K1,8350.03%+0.01pp5q-2.1%-$7.6K
GE VERNOVA INCGEV$334.8K2850.03%+0.01pp2qHELD
INTEL CORPINTC$333.8K2,3910.03%-newNEW
TEXAS INSTRS INCTXN$326.4K1,0950.03%+0.01pp3q-4.4%-$14.9K
EA SERIES TRUSTFRDM$310.0K4,2520.03%-newNEW
REGENERON PHARMACEUTICALSREGN$309.9K4970.03%-0.01pp5q+3.1%+$9.4K
CARDINAL HEALTH INCCAH$305.4K1,2860.03%flat2qHELD
MARRIOTT INTL INC NEWMAR$301.3K8130.03%flat9q-3.6%-$11.1K
CORNING INCGLW$300.6K1,1770.03%-newNEW
FORTINET INCFTNT$296.9K1,9330.03%-newNEW
SCHWAB STRATEGIC TRSCHB$296.4K10,2340.03%flat3qHELD
BLACKROCK INCBLK$286.5K2980.03%flat5qHELD
SCHWAB STRATEGIC TRSCHG$285.9K8,4480.03%flat6qHELD
VANGUARD INDEX FDSVB$284.9K9400.03%-newNEW
SELECT SECTOR SPDR TRXLI$284.1K1,5340.03%flat5q+2.3%+$6.3K
ECOLAB INCECL$282.7K1,0150.02%flat6q+2.7%+$7.5K
SPDR INDEX SHS FDSSPDW$281.6K5,5890.02%flat15q-1.2%-$3.4K
3M COMMM$281.4K1,7380.02%flat31qHELD
AGILENT TECHNOLOGIES INCA$274.7K2,0680.02%flat25q-0.7%-$2.0K
ISHARES GOLD TRIAU$272.0K3,6020.02%-0.01pp8qHELD
BOEING COBA$271.3K1,2530.02%flat7q-5.2%-$14.9K
AMERICAN HOMES 4 RENTAMH$270.7K8,0760.02%flat15q+1.0%+$2.6K
COMCAST CORP NEWCMCSA$265.5K10,8130.02%flat31q+6.5%+$16.3K
EXELON CORPEXC$265.1K5,6870.02%flat9qHELD
FIRST INTST BANCSYSTEM INCFIBK$253.1K6,5630.02%flat4qHELD
MONDELEZ INTL INCMDLZ$246.1K4,2550.02%flat15qHELD
WISDOMTREE TRDLS$244.2K2,9150.02%flat31qHELD
NOVO-NORDISK A SNVO$238.2K4,9680.02%-newNEW
GLOBAL X FDSBUG$232.5K6,0870.02%-newNEW
WEYERHAEUSER COWY$228.2K9,5320.02%flat31qHELD
BANK OF AMER CORPBAC$222.1K3,8980.02%-newNEW
SEMPRASRE$219.7K2,3700.02%flat4qHELD
ISHARES TRIWB$214.6K5240.02%-newNEW
ISHARES TRIMCG$209.1K2,1270.02%-newNEW
STRYKER CORPORATIONSYK$207.2K6580.02%flat3qHELD
LENNAR CORPLEN$206.6K2,2840.02%-newNEW
VALERO ENERGY CORPVLO$205.2K7880.02%-newNEW
BRANDYWINE RLTY TRBDN$145.8K45,9820.01%flat31q-6.2%-$9.7K

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Computer Hardware 9.8%Software & IT Services 7.3%Retail & Consumer 7.2%Biotech & Pharma 5.9%Semiconductors & Electronics 5.1%Energy 4.0%Industrials 3.5%Business Services 3.3%Capital Markets 3.3%Insurance 2.9%Banks & Lending 2.8%Utilities 2.6%Other sectors 18.4%Not classified 24.0%
 
SectorValueShare
Computer Hardware$111.0M9.8%
Software & IT Services$83.2M7.3%
Retail & Consumer$82.1M7.2%
Biotech & Pharma$66.4M5.9%
Semiconductors & Electronics$57.9M5.1%
Energy$45.0M4.0%
Industrials$39.2M3.5%
Business Services$37.7M3.3%
Capital Markets$37.3M3.3%
Insurance$32.5M2.9%
Banks & Lending$31.8M2.8%
Utilities$29.6M2.6%
Other sectors$209.0M18.4%
Not classified$272.0M24.0%

Quarter by quarter

QuarterValuePositions NewAddedTrimmed ExitedTop 10 Days to file
Q2 2026$1.1B201164789628.2%22
Q1 2026$1.0B191561921026.8%17
Q4 2025$1.1B19685788628.3%22
Q3 2025$1.0B194879741028.0%35
Q2 2025$982.2M1961011245526.7%36
Q1 2025$917.8M191880711427.2%30
Q4 2024$937.6M1971271771128.4%27
Q3 2024$952.8M196106085627.6%21
Q2 2024$902.2M192967631128.5%32
Q1 2024$886.9M19466591826.6%25
Q4 2023$820.5M196187773927.4%31
Q3 2023$719.4M18738861828.0%32
Q2 2023$750.2M19258082428.1%21
Q1 2023$716.5M191762841028.2%27
Q4 2022$686.9M1942712028427.1%27
Q3 2022$607.6M17167736728.1%31
Q2 2022$654.7M172580551827.6%39
Q1 2022$770.0M1851380691627.6%32
Q4 2021$799.9M188145382628.4%21
Q3 2021$730.6M180872591226.8%19
Q2 2021$755.6M184117562429.1%15
Q1 2021$696.1M17785371129.5%28
Q4 2020$656.2M17084897730.3%33
Q3 2020$572.7M16984788929.3%27
Q2 2020$516.7M1702076561828.1%23
Q1 2020$403.6M16817123173027.5%31
Q4 2019$438.2M1811710838624.5%23
Q3 2019$365.0M170217845625.0%31
Q2 2019$341.3M15578147725.6%19
Q1 2019$320.8M155147053625.5%18
Q4 2018$270.2M147000026.0%31

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.