# Holder Name Position Position Change $ Market Value % Port % O/S Rpt Date
1 Aquamarine Financial (Cayman) Ltd. 148,670,798 11,137,145 557,515,492.5 40.458 2.8114 12/31/2025
2 Arrowstreet Capital LP 82,163,260 16,908,425 308,112,225 0.1581 1.5537 12/31/2025
3 ARGA Investment Management LP 75,139,939 -39,359,608 281,774,771.25 1.4734 1.4209 03/31/2026
4 Wellington Management Co. LLP 74,927,140 732,824 280,976,775 0.0441 1.4169 12/31/2025
5 Massachusetts Financial Services Co. 58,221,225 -22,856,513 218,329,593.75 0.0687 1.101 12/31/2025
6 Acadian Asset Management LLC 55,551,078 12,691,232 208,316,542.5 0.2761 1.0505 12/31/2025
7 Fisher Asset Management LLC 52,926,543 -35,478,749 198,474,536.25 0.0632 1.0009 12/31/2025
8 Goldman Sachs Asset Management LP 51,572,892 16,285,214 193,398,345 0.037 0.9753 12/31/2025
9 Templeton Asset Management Ltd. 47,139,566 -237,745 176,773,372.5 0.9497 0.8914 12/31/2025
10 Itau USA Asset Management, Inc. 46,867,695 10,779,363 175,753,856.25 2.6173 0.8863 12/31/2025
11 Baillie Gifford & Co. 38,275,506 10,301,395 143,533,147.5 0.0841 0.7238 12/31/2025
12 Marshall Wace LLP 30,635,629 -1,409,760 114,883,608.75 0.1032 0.5793 12/31/2025
13 BlackRock Fund Advisors 24,587,920 2,295,493 92,204,700 0.0018 0.465 12/31/2025
14 EARNEST Partners LLC 23,433,000 1,897,917 87,873,750 0.2878 0.4431 12/31/2025
15 Two Sigma Investments LP 22,164,076 -9,168,967 83,115,285 0.1183 0.4191 12/31/2025
# Holder Name Position Position Change $ Market Value % Port % O/S Rpt Date
1 iShares Tr. - Latin America 40 ETF 39,500,293 18,723,529 148,126,098.75 3.0368 0.747 04/30/2026
2 Hartford International Value Fund (The) 38,157,283 2,890,527 143,089,811.25 1.0328 0.7216 03/31/2026
3 MFS Research International Fund 37,110,803 -3,352,285 139,165,511.25 0.8374 0.7018 03/31/2026
4 St. James's Place Unit Trust - Emerging Markets Equity 21,515,709 0 80,683,908.75 0.6162 0.4069 09/30/2025
5 Vanguard Global Capital Cycles Fund 17,751,996 525,129 66,569,985 1.7889 0.3357 01/31/2026
6 DWS Invest - Latin American Equities 17,376,391 -1,988,388 65,161,466.25 2.4035 0.3286 02/27/2026
7 Baillie Gifford Emerging Markets Equities Fund 17,218,828 4,582,226 64,570,605 0.7474 0.3256 12/31/2025
8 Templeton Emerging Markets Investment Trust Plc 15,755,350 -196,004 59,082,562.5 1.4255 0.2979 03/31/2026
9 Nomura Emerging Markets Fund 15,000,000 -1,200,000 56,250,000 0.4194 0.2837 03/31/2026
10 GS Funds - Emerging Markets CORE Equity Portfolio 14,258,800 7,589,600 53,470,500 1.1782 0.2696 02/28/2026
11 Vanguard International Value Fund 11,876,091 -427,328 44,535,341.25 0.383 0.2246 01/31/2026
12 Avantis Emerging Markets Equity ETF 11,033,030 3,263,531 41,373,862.5 0.1745 0.2086 04/30/2026
13 MFS International New Discovery Fund 10,124,054 145,992 37,965,202.5 0.4742 0.1914 03/31/2026
14 Skyline Umb. Fd. ICAV - ARGA Emerging Market Equity Fund 10,034,991 0 37,631,216.25 2.1327 0.1898 10/31/2025
15 State Street SPDR Portfolio Emerging Markets ETF 9,754,809 965,030 36,580,533.75 0.2073 0.1845 04/30/2026
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Data provided by FactSet Research Systems Inc.