| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Tekne Capital Management LLC | 6,200,000 | 6,200,000 | 15,872,000 | 5.4007 | 2.2034 | 12/31/2024 |
| 2 | Brightlight Capital Management LP | 4,796,396 | 4,796,396 | 12,278,773.76 | 8.0502 | 1.7046 | 12/31/2024 |
| 3 | Luxor Capital Group LP | 4,657,728 | 4,657,728 | 11,923,783.68 | 1.1819 | 1.6553 | 12/31/2024 |
| 4 | Evli Fund Management Co. Ltd. | 4,000,000 | 1,500,000 | 10,240,000 | 0.2521 | 1.4216 | 12/31/2024 |
| 5 | Hosking Partners LLP | 3,923,688 | -171,210 | 10,044,641.28 | 0.354 | 1.3944 | 12/31/2024 |
| 6 | VR Advisory Services (USA) LLC | 2,746,358 | 2,746,358 | 7,030,676.48 | 2.0714 | 0.976 | 12/31/2024 |
| 7 | T. Rowe Price International Ltd. | 2,157,533 | -100,200 | 5,523,284.48 | 0.0039 | 0.7668 | 12/31/2024 |
| 8 | BIT Capital GmbH | 1,499,495 | 1,483,304 | 3,838,707.2 | 0.3374 | 0.5329 | 12/31/2024 |
| 9 | BlackRock Investment Management (UK) Ltd. | 1,071,489 | 0 | 2,743,011.84 | 0.0004 | 0.3808 | 12/31/2024 |
| 10 | Morgan Stanley & Co. LLC | 936,343 | 457,600 | 2,397,038.08 | 0.001 | 0.3328 | 12/31/2024 |
| 11 | BNP Paribas Financial Markets | 902,528 | 902,528 | 2,310,471.68 | 0.0019 | 0.3207 | 12/31/2024 |
| 12 | SSgA Funds Management, Inc. | 717,055 | 16,005 | 1,835,660.8 | 0.0001 | 0.2548 | 12/31/2024 |
| 13 | East Capital Financial Services AB | 667,957 | 136,500 | 1,709,969.92 | 0.1712 | 0.2374 | 02/28/2025 |
| 14 | Renaissance Technologies LLC | 607,700 | -506,100 | 1,555,712 | 0.0023 | 0.216 | 12/31/2024 |
| 15 | East Capital International AB (Russia) | 380,000 | 380,000 | 972,800 | 0.2506 | 0.135 | 02/28/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Evli Emerging Frontier | 4,000,000 | 1,500,000 | 10,240,000 | 3.0821 | 1.4216 | 12/31/2024 |
| 2 | T Rowe Price Emerging Europe Fund | 1,835,033 | -422,700 | 4,697,684.48 | 0.6952 | 0.6521 | 03/31/2025 |
| 3 | BlackRock Strategic Fds. - Emerging Markets Equity Strategies | 1,071,489 | 0 | 2,743,011.84 | 0.4824 | 0.3808 | 08/31/2024 |
| 4 | SPDR Portfolio Emerging Markets ETF | 592,173 | 47,683 | 1,515,962.88 | 0.0145 | 0.2105 | 03/31/2025 |
| 5 | East Capital - Balkans | 380,163 | 43,300 | 973,217.28 | 1.7072 | 0.1351 | 02/28/2025 |
| 6 | East Capital - Global Emerging Markets Sustainable | 380,000 | 380,000 | 972,800 | 0.2335 | 0.135 | 02/28/2025 |
| 7 | East Capital - Eastern Europe | 186,337 | 68,100 | 477,022.72 | 0.9545 | 0.0662 | 02/28/2025 |
| 8 | Global X E-commerce ETF | 177,112 | 177,112 | 453,406.72 | 0.6317 | 0.0629 | 03/31/2025 |
| 9 | Macquarie Emerging Markets Fund | 144,600 | 0 | 370,176 | 0.007 | 0.0514 | 02/28/2025 |
| 10 | SPDR S&P Emerging Markets Small Cap ETF | 132,959 | -13,101 | 340,375.04 | 0.053 | 0.0473 | 03/31/2025 |
| 11 | Amundi Funds - Emerging Europe Middle East & Africa | 127,655 | -117,099 | 326,796.8 | 0.3279 | 0.0454 | 12/31/2024 |
| 12 | East Capital SICAV - New Europe | 101,457 | 25,100 | 259,729.92 | 1.062 | 0.0361 | 02/28/2025 |
| 13 | Global Online Retail | 100,000 | 0 | 256,000 | 1.731 | 0.0355 | 03/31/2025 |
| 14 | Amundi Eastern Europe Stock | 72,757 | -54,763 | 186,257.92 | 0.3906 | 0.0259 | 02/28/2025 |
| 15 | EM Digital Leaders - Anteilklasse Fund | 70,200 | -60,000 | 179,712 | 1.6194 | 0.0249 | 01/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Tekne Capital Management LLC | 6,200,000 | 6,200,000 | 15,872,000 | 5.4007 | 2.2034 | 12/31/2024 |
| 2 | Brightlight Capital Management LP | 4,796,396 | 4,796,396 | 12,278,773.76 | 8.0502 | 1.7046 | 12/31/2024 |
| 3 | Luxor Capital Group LP | 4,657,728 | 4,657,728 | 11,923,783.68 | 1.1819 | 1.6553 | 12/31/2024 |
| 4 | VR Advisory Services (USA) LLC | 2,746,358 | 2,746,358 | 7,030,676.48 | 2.0714 | 0.976 | 12/31/2024 |
| 5 | Evli Fund Management Co. Ltd. | 4,000,000 | 1,500,000 | 10,240,000 | 0.2521 | 1.4216 | 12/31/2024 |
| 6 | BIT Capital GmbH | 1,499,495 | 1,483,304 | 3,838,707.2 | 0.3374 | 0.5329 | 12/31/2024 |
| 7 | BNP Paribas Financial Markets | 902,528 | 902,528 | 2,310,471.68 | 0.0019 | 0.3207 | 12/31/2024 |
| 8 | Morgan Stanley & Co. LLC | 936,343 | 457,600 | 2,397,038.08 | 0.001 | 0.3328 | 12/31/2024 |
| 9 | East Capital International AB (Russia) | 380,000 | 380,000 | 972,800 | 0.2506 | 0.135 | 02/28/2025 |
| 10 | OLP Capital Management Ltd. | 231,679 | 231,679 | 593,098.24 | 0.0438 | 0.0823 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baring Asset Management Ltd. | 0 | -708,286 | 0 | 0 | 0 | |
| 2 | Renaissance Technologies LLC | 607,700 | -506,100 | 1,555,712 | 0.0023 | 0.216 | 12/31/2024 |
| 3 | Millennium Management LLC | 0 | -502,081 | 0 | 0 | 0 | |
| 4 | Acadian Asset Management LLC | 0 | -413,141 | 0 | 0 | 0 | |
| 5 | Swedbank Robur Fonder AB | 0 | -360,406 | 0 | 0 | 0 | |
| 6 | Two Sigma Investments LP | 48,834 | -239,177 | 125,015.04 | 0.0003 | 0.0174 | 12/31/2024 |
| 7 | Citadel Securities LLC | 13,647 | -171,982 | 34,936.32 | 0.0001 | 0.0048 | 12/31/2024 |
| 8 | Hosking Partners LLP | 3,923,688 | -171,210 | 10,044,641.28 | 0.354 | 1.3944 | 12/31/2024 |
| 9 | Two Sigma Advisers LP | 114,500 | -132,100 | 293,120 | 0.0007 | 0.0407 | 12/31/2024 |
| 10 | Prelude Capital Management LLC | 0 | -118,000 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.