| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Dodge & Cox | 49,622,009 | 48,942,309 | 320,558,178.14 | 0.1388 | 3.2781 | 12/31/2024 |
| 2 | Lazard Asset Management LLC | 36,836,513 | 1,127,293 | 237,963,873.98 | 0.2227 | 2.4335 | 12/31/2024 |
| 3 | UBS Asset Management (Americas) LLC | 27,416,100 | 7,470,612 | 177,108,006 | 0.1409 | 1.8111 | 12/31/2024 |
| 4 | Brandes Investment Partners LP | 24,233,835 | 6,110,857 | 156,550,574.1 | 0.9426 | 1.6009 | 12/31/2024 |
| 5 | Schroder Investment Management Ltd. | 16,131,072 | 12,968,879 | 104,206,725.12 | 0.0505 | 1.0656 | 12/31/2024 |
| 6 | Fidelity Management & Research Co. LLC | 15,693,150 | 1,728,437 | 101,377,749 | 0.0066 | 1.0367 | 12/31/2024 |
| 7 | Oaktree Capital Management LP | 14,589,032 | -100,000 | 94,245,146.72 | 1.475 | 0.9638 | 12/31/2024 |
| 8 | Antipodes Partners Ltd. | 13,208,763 | 13,208,763 | 85,328,608.98 | 2.3664 | 0.8726 | 03/31/2025 |
| 9 | Schroder Investment Management North America, Inc. | 10,608,035 | 10,608,035 | 68,527,906.1 | 0.4109 | 0.7008 | 12/31/2024 |
| 10 | Dimensional Fund Advisors LP | 9,978,666 | 11,822 | 64,462,182.36 | 0.0116 | 0.6592 | 12/31/2024 |
| 11 | Millennium Management LLC | 9,541,707 | -8,764,848 | 61,639,427.22 | 0.0556 | 0.6303 | 12/31/2024 |
| 12 | J.O. Hambro Capital Management Ltd. | 9,296,899 | -717,741 | 60,057,967.54 | 0.3446 | 0.6142 | 03/31/2025 |
| 13 | UBS Asset Management (UK) Ltd. | 9,003,939 | 1,845,110 | 58,165,445.94 | 0.0288 | 0.5948 | 12/31/2024 |
| 14 | Voloridge Investment Management LLC | 8,031,875 | -1,475,817 | 51,885,912.5 | 0.1876 | 0.5306 | 12/31/2024 |
| 15 | Marathon Asset Management Ltd. | 6,800,995 | -542,314 | 43,934,427.7 | 0.289 | 0.4493 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Dodge & Cox International Stock Fund | 49,526,100 | 49,526,100 | 319,938,606 | 0.6111 | 3.2718 | 03/31/2025 |
| 2 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 16,719,800 | 2,317,300 | 108,009,908 | 0.476 | 1.1045 | 03/31/2025 |
| 3 | Fidelity Advisor Focused Emerging Markets Fund | 12,030,700 | 12,030,700 | 77,718,322 | 0.9925 | 0.7948 | 03/31/2025 |
| 4 | Dodge & Cox Global Stock Fund | 9,766,000 | 9,766,000 | 63,088,360 | 0.5463 | 0.6452 | 03/31/2025 |
| 5 | Redwheel Emerging Markets Equity Fund Ltd. | 7,388,367 | 0 | 47,728,850.82 | 1.6993 | 0.4881 | 06/28/2024 |
| 6 | Strategic Advisers Fidelity Emerging Markets Fund | 7,344,100 | 7,344,100 | 47,442,886 | 0.199 | 0.4852 | 03/31/2025 |
| 7 | St. James's Place Unit Trust - Emerging Markets Equity | 7,234,977 | 0 | 46,737,951.42 | 0.4778 | 0.478 | 09/30/2024 |
| 8 | Lazard Emerging Markets Equity Portfolio | 6,738,565 | 376,637 | 43,531,129.9 | 1.2264 | 0.4452 | 03/31/2025 |
| 9 | Macquarie Emerging Markets Fund | 5,100,000 | 0 | 32,946,000 | 0.606 | 0.3369 | 03/31/2025 |
| 10 | FIAM Emerging Markets Opportunities Commingled Pool | 5,075,000 | 960,100 | 32,784,500 | 0.4967 | 0.3353 | 03/31/2025 |
| 11 | Dodge & Cox Worldwide Funds - Global Stock Fund | 4,876,000 | 4,876,000 | 31,498,960 | 0.5471 | 0.3221 | 03/31/2025 |
| 12 | Artisan International Fund | 4,688,344 | -1,135,019 | 30,286,702.24 | 0.5603 | 0.3097 | 03/31/2025 |
| 13 | Larrainvial AM SICAV - Latin American Equity Fund | 4,465,141 | 0 | 28,844,810.86 | 2.7747 | 0.295 | 06/30/2024 |
| 14 | Deka - GlobalChampions | 4,000,000 | 4,000,000 | 25,840,000 | 0.2491 | 0.2642 | 11/30/2024 |
| 15 | Schroder ISF - Emerging Markets | 3,982,514 | 575,022 | 25,727,040.44 | 0.4712 | 0.2631 | 01/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Dodge & Cox | 49,622,009 | 48,942,309 | 320,558,178.14 | 0.1388 | 3.2781 | 12/31/2024 |
| 2 | Antipodes Partners Ltd. | 13,208,763 | 13,208,763 | 85,328,608.98 | 2.3664 | 0.8726 | 03/31/2025 |
| 3 | Schroder Investment Management Ltd. | 16,131,072 | 12,968,879 | 104,206,725.12 | 0.0505 | 1.0656 | 12/31/2024 |
| 4 | Schroder Investment Management North America, Inc. | 10,608,035 | 10,608,035 | 68,527,906.1 | 0.4109 | 0.7008 | 12/31/2024 |
| 5 | UBS Asset Management (Americas) LLC | 27,416,100 | 7,470,612 | 177,108,006 | 0.1409 | 1.8111 | 12/31/2024 |
| 6 | Orbis Investment Management Ltd. | 6,414,359 | 6,414,359 | 41,436,759.14 | 0.1337 | 0.4237 | 12/31/2024 |
| 7 | Brandes Investment Partners LP | 24,233,835 | 6,110,857 | 156,550,574.1 | 0.9426 | 1.6009 | 12/31/2024 |
| 8 | Marshall Wace LLP | 2,539,938 | 2,381,687 | 16,407,999.48 | 0.0209 | 0.1678 | 12/31/2024 |
| 9 | IPG Investment Advisors LLC | 3,525,493 | 2,065,469 | 22,774,684.78 | 5.3065 | 0.2329 | 12/31/2024 |
| 10 | UBS Asset Management (UK) Ltd. | 9,003,939 | 1,845,110 | 58,165,445.94 | 0.0288 | 0.5948 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 6,150,122 | -26,747,095 | 39,729,788.12 | 0.0218 | 0.4063 | 03/31/2025 |
| 2 | 59 North Capital Management LP | 0 | -17,422,432 | 0 | 0 | 0 | |
| 3 | AQR Capital Management LLC | 3,473,558 | -15,103,112 | 22,439,184.68 | 0.0255 | 0.2295 | 12/31/2024 |
| 4 | RWC Asset Advisors (US) LLC | 0 | -11,319,866 | 0 | 0 | 0 | |
| 5 | Millennium Management LLC | 9,541,707 | -8,764,848 | 61,639,427.22 | 0.0556 | 0.6303 | 12/31/2024 |
| 6 | Merrill Lynch International (Investment Management) | 0 | -8,518,225 | 0 | 0 | 0 | |
| 7 | Capital Research & Management Co. (International Investors) | 2,014,566 | -7,736,862 | 13,014,096.36 | 0.0024 | 0.1331 | 12/31/2024 |
| 8 | Allspring Global Investments LLC | 0 | -7,245,214 | 0 | 0 | 0 | |
| 9 | Blackstone Alternative Solutions LLC | 0 | -6,200,000 | 0 | 0 | 0 | |
| 10 | Balyasny Asset Management LP | 1,135,476 | -5,695,721 | 7,335,174.96 | 0.0181 | 0.075 | 12/31/2024 |
Data provided by FactSet Research Systems Inc.