| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Macquarie Investment Management Business Trust | 2,221,717 | -1,103 | 24,727,710.21 | 0.0243 | 3.672 | 03/31/2025 |
| 2 | Kopernik Global Investors LLC | 1,996,135 | 584,878 | 22,216,982.55 | 0.3646 | 3.2991 | 03/31/2025 |
| 3 | Global X Management Co. LLC | 1,038,336 | 90,066 | 11,556,679.68 | 0.0177 | 1.7161 | 03/31/2025 |
| 4 | GMT Capital Corp. | 1,026,395 | 1,026,395 | 11,423,776.35 | 0.3387 | 1.6964 | 03/31/2025 |
| 5 | 683 Capital Management LLC | 830,000 | -55,000 | 9,237,900 | 0.8513 | 1.3718 | 03/31/2025 |
| 6 | Hosking Partners LLP | 657,034 | -6,396 | 7,312,788.42 | 0.2272 | 1.0859 | 03/31/2025 |
| 7 | VR Advisory Services (USA) LLC | 416,109 | 0 | 4,631,293.17 | 1.1955 | 0.6877 | 03/31/2025 |
| 8 | Glenorchy Capital Ltd. | 349,968 | -1,215 | 3,895,143.84 | 2.6655 | 0.5784 | 03/31/2025 |
| 9 | Helikon Investments Ltd. | 325,864 | -130,912 | 3,626,866.32 | 0.0813 | 0.5386 | 03/31/2025 |
| 10 | UBS Securities LLC | 280,817 | 9,836 | 3,125,493.21 | 0.0013 | 0.4641 | 03/31/2025 |
| 11 | Modern Capital Management Co. | 180,295 | 30,712 | 2,006,683.35 | 2.5477 | 0.298 | 03/31/2025 |
| 12 | UBS Switzerland AG (Investment Management) | 176,200 | 140,878 | 1,961,106 | 0.0054 | 0.2912 | 03/31/2025 |
| 13 | Systrade AG | 174,912 | 28,631 | 1,946,770.56 | 2.4275 | 0.2891 | 03/31/2025 |
| 14 | NexPoint Asset Management LP | 169,419 | 0 | 1,885,633.47 | 0.249 | 0.28 | 03/31/2025 |
| 15 | BNP Paribas Financial Markets | 168,890 | 168,890 | 1,879,745.7 | 0.0013 | 0.2791 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Macquarie Emerging Markets Fund | 1,676,544 | 0 | 18,659,934.72 | 0.2847 | 2.7709 | 04/30/2025 |
| 2 | Global X MSCI Argentina ETF | 1,024,749 | 76,479 | 11,405,456.37 | 1.1099 | 1.6937 | 06/30/2025 |
| 3 | Kopernik Global All Cap Fund | 921,628 | 208,337 | 10,257,719.64 | 0.3174 | 1.5232 | 05/31/2025 |
| 4 | Heptagon Fund ICAV - Kopernik Global All-Cap Equity Fund | 609,222 | 192,791 | 6,780,640.86 | 0.4155 | 1.0069 | 04/30/2025 |
| 5 | Macquarie VIP Emerging Markets Series | 294,024 | 0 | 3,272,487.12 | 0.4508 | 0.486 | 04/30/2025 |
| 6 | Modern Capital Tactical Income Fund | 180,295 | 30,712 | 2,006,683.35 | 2.1443 | 0.298 | 03/31/2025 |
| 7 | White Fleet II SICAV - SGVP Global Value Equity Fund | 130,000 | 0 | 1,446,900 | 1.4672 | 0.2149 | 03/31/2025 |
| 8 | Warburg Value Fund | 120,000 | -92,070 | 1,335,600 | 1.2477 | 0.1983 | 04/30/2025 |
| 9 | Lasixx Fund - Forte | 100,000 | -28,452 | 1,113,000 | 1.1042 | 0.1653 | 05/30/2025 |
| 10 | iShares Global Agriculture Index ETF | 82,327 | 8,845 | 916,299.51 | 0.4807 | 0.1361 | 06/30/2025 |
| 11 | Kopernik Global Collective Investment Trust - Global All Cap | 79,736 | 27,860 | 887,461.68 | 0.3734 | 0.1318 | 05/31/2025 |
| 12 | TIFF Multi Asset Fund | 55,156 | 17,248 | 613,886.28 | 0.0448 | 0.0912 | 03/31/2025 |
| 13 | Eaton Vance Emerging & Frontier Countries Equity Fund | 47,824 | -42,826 | 532,281.12 | 0.0309 | 0.079 | 04/30/2025 |
| 14 | Koala Capital, SICAV | 41,837 | 0 | 465,645.81 | 2.1274 | 0.0691 | 12/31/2024 |
| 15 | Fidelity Nasdaq Composite Index Fund | 33,826 | 0 | 376,483.38 | 0.0019 | 0.0559 | 05/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | GMT Capital Corp. | 1,026,395 | 1,026,395 | 11,423,776.35 | 0.3387 | 1.6964 | 03/31/2025 |
| 2 | Kopernik Global Investors LLC | 1,996,135 | 584,878 | 22,216,982.55 | 0.3646 | 3.2991 | 03/31/2025 |
| 3 | BNP Paribas Financial Markets | 168,890 | 168,890 | 1,879,745.7 | 0.0013 | 0.2791 | 03/31/2025 |
| 4 | UBS Switzerland AG (Investment Management) | 176,200 | 140,878 | 1,961,106 | 0.0054 | 0.2912 | 03/31/2025 |
| 5 | MultiConcept Fund Management SA | 130,000 | 130,000 | 1,446,900 | 0.0328 | 0.2149 | 03/31/2025 |
| 6 | Global X Management Co. LLC | 1,038,336 | 90,066 | 11,556,679.68 | 0.0177 | 1.7161 | 03/31/2025 |
| 7 | Morgan Stanley & Co. LLC | 41,824 | 37,723 | 465,501.12 | 0.0002 | 0.0691 | 03/31/2025 |
| 8 | Modern Capital Management Co. | 180,295 | 30,712 | 2,006,683.35 | 2.5477 | 0.298 | 03/31/2025 |
| 9 | Cubist Systematic Strategies LLC | 30,156 | 30,156 | 335,636.28 | 0.0039 | 0.0498 | 03/31/2025 |
| 10 | Systrade AG | 174,912 | 28,631 | 1,946,770.56 | 2.4275 | 0.2891 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Helikon Investments Ltd. | 325,864 | -130,912 | 3,626,866.32 | 0.0813 | 0.5386 | 03/31/2025 |
| 2 | Warburg Invest Kapitalanlagegesellschaft MBH | 120,000 | -92,070 | 1,335,600 | 0.0946 | 0.1983 | 04/30/2025 |
| 3 | Marshall Wace LLP | 0 | -75,900 | 0 | 0 | 0 | |
| 4 | Citigroup Global Markets, Inc. (Investment Management) | 57,697 | -60,098 | 642,167.61 | 0.0005 | 0.0954 | 03/31/2025 |
| 5 | 683 Capital Management LLC | 830,000 | -55,000 | 9,237,900 | 0.8513 | 1.3718 | 03/31/2025 |
| 6 | Boston Management & Research | 46,824 | -43,826 | 521,151.12 | 0.001 | 0.0774 | 03/31/2025 |
| 7 | Manulife Investment Management (US) LLC | 0 | -39,195 | 0 | 0 | 0 | |
| 8 | Pictet Asset Management SA | 0 | -32,525 | 0 | 0 | 0 | |
| 9 | Ante Asset Management AG | 109,830 | -31,618 | 1,222,407.9 | 1.5669 | 0.1815 | 05/30/2025 |
| 10 | Citadel Securities LLC | 0 | -28,636 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.