| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 38,564,272 | -6,249,901 | 976,447,367.04 | 0.9168 | 4.3087 | 03/31/2025 |
| 2 | First Eagle Investment Management LLC | 6,148,502 | -42,987 | 155,680,070.64 | 0.172 | 0.687 | 03/31/2025 |
| 3 | Dimensional Fund Advisors LP | 5,250,373 | 79,059 | 132,939,444.36 | 0.0218 | 0.5866 | 03/31/2025 |
| 4 | RWC Asset Advisors (US) LLC | 5,058,302 | -1,712,356 | 128,076,206.64 | 2.5237 | 0.5652 | 03/31/2025 |
| 5 | BlackRock Advisors (UK) Ltd. | 4,577,402 | 99,132 | 115,899,818.64 | 0.0144 | 0.5114 | 03/31/2025 |
| 6 | Massachusetts Financial Services Co. | 4,406,133 | 73,189 | 111,563,287.56 | 0.0343 | 0.4923 | 03/31/2025 |
| 7 | BlackRock Asset Management Canada Ltd. | 3,821,620 | 39,034 | 96,763,418.4 | 0.0969 | 0.427 | 03/31/2025 |
| 8 | DJE Kapital AG | 3,768,951 | 1,205,072 | 95,429,839.32 | 0.988 | 0.4211 | 03/31/2025 |
| 9 | Invesco Advisers, Inc. | 3,679,227 | -53,500 | 93,158,027.64 | 0.0383 | 0.4111 | 03/31/2025 |
| 10 | Konwave AG | 3,515,667 | -11,000 | 89,016,688.44 | 4.7674 | 0.3928 | 05/30/2025 |
| 11 | Orbis Investment Management Ltd. | 3,494,861 | -1,529,362 | 88,489,880.52 | 0.2609 | 0.3905 | 03/31/2025 |
| 12 | Robeco Institutional Asset Management BV | 3,308,969 | 2,723,006 | 83,783,095.08 | 0.0813 | 0.3697 | 06/30/2025 |
| 13 | American Century Investment Management, Inc. | 3,154,846 | 178,842 | 79,880,700.72 | 0.0342 | 0.3525 | 03/31/2025 |
| 14 | Goldman Sachs Asset Management LP | 3,107,330 | -639,436 | 78,677,595.6 | 0.0183 | 0.3472 | 03/31/2025 |
| 15 | Arrowstreet Capital LP | 3,003,641 | 3,003,641 | 76,052,190.12 | 0.0529 | 0.3356 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | VanEck Gold Miners ETF | 27,293,799 | -10,218,919 | 691,078,990.68 | 4.3616 | 3.0495 | 06/30/2025 |
| 2 | First Eagle Gold Fund | 5,927,329 | -900,000 | 150,079,970.28 | 4.1797 | 0.6623 | 04/30/2025 |
| 3 | Redwheel Emerging Markets Equity Fund Ltd. | 5,832,351 | 0 | 147,675,127.32 | 4.6646 | 0.6516 | 06/28/2024 |
| 4 | iShares V Plc - Gold Producers UCITS ETF | 4,971,474 | 529,861 | 125,877,721.68 | 4.7468 | 0.5555 | 06/30/2025 |
| 5 | Invesco Gold and Special Minerals Fund | 3,567,670 | -50,000 | 90,333,404.4 | 3.3287 | 0.3986 | 03/31/2025 |
| 6 | iShares S&P/TSX Global Gold Index ETF | 3,470,108 | -312,478 | 87,863,134.56 | 5.2507 | 0.3877 | 06/30/2025 |
| 7 | Multipartner SICAV - KONWAVE Gold Equity Fund | 3,300,000 | 0 | 83,556,000 | 5.876 | 0.3687 | 12/31/2024 |
| 8 | VanEck UCITS ETFs Plc - Gold Miners UCITS ETF | 3,129,547 | -497,902 | 79,240,130.04 | 4.366 | 0.3497 | 06/30/2025 |
| 9 | Orbis SICAV - International Equity Fund | 3,077,727 | 0 | 77,928,047.64 | 2.4818 | 0.3439 | 12/31/2024 |
| 10 | MFS Emerging Markets Equity Fund | 2,933,707 | -1,147,227 | 74,281,461.24 | 0.8135 | 0.3278 | 06/30/2025 |
| 11 | DFA Emerging Markets Core Equity 2 Portfolio | 2,558,539 | 0 | 64,782,207.48 | 0.2039 | 0.2859 | 03/31/2025 |
| 12 | Victory Precious Metals and Minerals Fund | 2,139,741 | 14,290 | 54,178,242.12 | 7.1727 | 0.2391 | 06/30/2025 |
| 13 | CPR Invest - Global Gold Mines | 2,137,894 | 464,834 | 54,131,476.08 | 5.36 | 0.2389 | 01/31/2025 |
| 14 | DJE - Zins & Dividende | 1,900,022 | 507,431 | 48,108,557.04 | 1.7796 | 0.2123 | 05/30/2025 |
| 15 | American Century Global Gold Fund | 1,897,800 | 8,400 | 48,052,296 | 4.4999 | 0.212 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Arrowstreet Capital LP | 3,003,641 | 3,003,641 | 76,052,190.12 | 0.0529 | 0.3356 | 03/31/2025 |
| 2 | Robeco Institutional Asset Management BV | 3,308,969 | 2,723,006 | 83,783,095.08 | 0.0813 | 0.3697 | 06/30/2025 |
| 3 | Clark Capital Management Group, Inc. | 2,226,626 | 2,226,626 | 56,378,170.32 | 0.3713 | 0.2488 | 03/31/2025 |
| 4 | UBS Asset Management (UK) Ltd. | 1,399,464 | 1,399,464 | 35,434,428.48 | 0.0168 | 0.1564 | 03/31/2025 |
| 5 | DJE Kapital AG | 3,768,951 | 1,205,072 | 95,429,839.32 | 0.988 | 0.4211 | 03/31/2025 |
| 6 | CPR Asset Management SA | 2,833,458 | 773,157 | 71,743,156.56 | 0.2369 | 0.3166 | 03/31/2025 |
| 7 | Susquehanna Financial Group LLLP | 1,078,289 | 723,934 | 27,302,277.48 | 0.04 | 0.1205 | 03/31/2025 |
| 8 | Connor, Clark & Lunn Investment Management Ltd. | 931,777 | 585,950 | 23,592,593.64 | 0.0812 | 0.1041 | 03/31/2025 |
| 9 | Cubist Systematic Strategies LLC | 456,405 | 456,405 | 11,556,174.6 | 0.1354 | 0.051 | 03/31/2025 |
| 10 | ABC Arbitrage Asset Management SA | 579,476 | 455,157 | 14,672,332.32 | 2.6813 | 0.0647 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 38,564,272 | -6,249,901 | 976,447,367.04 | 0.9168 | 4.3087 | 03/31/2025 |
| 2 | RWC Asset Advisors (US) LLC | 5,058,302 | -1,712,356 | 128,076,206.64 | 2.5237 | 0.5652 | 03/31/2025 |
| 3 | Orbis Investment Management Ltd. | 3,494,861 | -1,529,362 | 88,489,880.52 | 0.2609 | 0.3905 | 03/31/2025 |
| 4 | Invesco Capital Management LLC | 0 | -1,169,518 | 0 | 0 | 0 | |
| 5 | RWC Asset Management LLP | 1,722,582 | -988,328 | 43,615,776.24 | 0.4679 | 0.1925 | 03/31/2025 |
| 6 | BlackRock Investment Management (UK) Ltd. | 2,263,296 | -806,557 | 57,306,654.72 | 0.0078 | 0.2529 | 03/31/2025 |
| 7 | Jane Street Capital LLC | 444,979 | -802,419 | 11,266,868.28 | 0.0168 | 0.0497 | 03/31/2025 |
| 8 | Twin Tree Management LP | 0 | -741,564 | 0 | 0 | 0 | |
| 9 | Allianz Global Investors GmbH | 630,948 | -640,423 | 15,975,603.36 | 0.0171 | 0.0705 | 06/30/2025 |
| 10 | Goldman Sachs Asset Management LP | 3,107,330 | -639,436 | 78,677,595.6 | 0.0183 | 0.3472 | 03/31/2025 |
Data provided by FactSet Research Systems Inc.