(That means the portfolio does not necessarily own the five funds with the largest absolute returns.)

I would be careful of the "private" beach owners because "private" could mean they squat but do not necessarily own the land.

In part, the disparity arises because television networks don't necessarily own the programs they broadcast.

A player does not necessarily own the horse.

Giving evidence, the peer insisted he was told by several other peers that claiming expenses you didn't necessarily own was part of the remuneration system.

You may not necessarily own a boat if you fish, but it's a given that you own gear.

An individual or group of individuals can own shares in corporations and other legal entities, but do not necessarily own the entities themselves.

However, British American Tobacco does not necessarily own the rights to all of these brands in every nation they are marketed.

Whoever owns a piece of land may not necessarily own the mineral rights.

The marker of status becomes understanding the work instead of necessarily owning it, and the artwork remains an upper-class activity.