# Holder Name Position Position Change $ Market Value % Port % O/S Rpt Date
1 Newton Investment Management North America LLC 2,679,367 2,679,367 16,281,173.58 0.0402 0.2963 03/31/2025
2 Goehring & Rozencwajg Associates LLC 1,475,010 1,475,010 8,962,898.26 1.3205 0.1631 02/28/2025
3 Franklin Advisers, Inc. 1,206,100 0 7,328,866.65 0.0041 0.1334 03/31/2025
4 Principal Global Investors LLC 358,749 358,749 2,179,938.3 0.0011 0.0397 03/31/2025
5 Konwave AG 320,000 0 1,944,480 0.1285 0.0354 01/31/2025
6 US Global Investors, Inc. (Asset Management) 258,840 258,840 1,572,841.26 0.1348 0.0286 12/31/2024
7 Andbank Wealth Management SGIIC SAU 146,587 146,587 890,735.91 0.0732 0.0162 12/31/2024
8 DWS Investment GmbH 101,500 0 616,764.75 0.0004 0.0112 02/28/2025
9 AzValor Asset Management SGIIC SA 77,564 77,564 471,317.65 0.0258 0.0086 12/31/2024
10 Atlas Capital Advisors LLC 44,834 44,834 272,433.8 0.0343 0.005 12/31/2024
11 Nykredit Bank A/S (Investment Management) 42,041 0 255,462.14 0.0015 0.0046 12/31/2023
12 Funds Avenue SA 30,000 0 182,295 0.0618 0.0033 04/30/2025
13 DFP Deutsche Finanz Portfolioverwaltung GmbH 25,000 0 151,912.5 0.1196 0.0028 06/30/2024
14 Mack + Weise Vermogensverwaltung GmbH 22,000 0 133,683 0.0541 0.0024 12/30/2024
15 Yousif Capital Management LLC 14,260 0 86,650.89 0.001 0.0016 03/31/2025
# Holder Name Position Position Change $ Market Value % Port % O/S Rpt Date
1 BNY Mellon Natural Resources Fund 2,148,244 2,148,244 13,053,804.67 1.2248 0.2375 03/31/2025
2 Goehring & Rozencwajg Resources Fund 1,475,010 1,475,010 8,962,898.26 2.0459 0.1631 02/28/2025
3 Franklin Gold & Precious Metals Fund 1,206,100 0 7,328,866.65 0.517 0.1334 03/31/2025
4 NYLI VP Natural Resources Portfolio 531,123 531,123 3,227,368.91 1.225 0.0587 03/31/2025
5 Principal Funds, Inc. - Diversified Real Asset Fund 358,749 358,749 2,179,938.3 0.1002 0.0397 03/31/2025
6 Multipartner SICAV - Konwave Transition Metals Fund 320,000 0 1,944,480 0.6399 0.0354 01/31/2025
7 US Global Investors - Gold & Precious Metals Fund 250,000 250,000 1,519,125 1.0483 0.0276 12/31/2024
8 Bissan FI - Largo Plazo 146,587 146,587 890,735.91 1.2181 0.0162 12/31/2024
9 DWS ESG Multi Asset Dynamic 101,500 0 616,764.75 0.3682 0.0112 02/28/2025
10 Azvalor Managers, FI 77,564 77,564 471,317.65 0.4054 0.0086 12/31/2024
11 Nykredit Invest - Engros Globale Aktier Basis ESG 42,041 0 255,462.14 0.0208 0.0046 12/31/2023
12 ISATIS Investment - Global Natural Resources Flexible Fund 30,000 0 182,295 1.0633 0.0033 04/30/2025
13 IAMF - Checkpoint Besondere Werte Fonds 25,000 0 151,912.5 1.5511 0.0028 06/30/2024
14 M&W Invest: M&W Capital 22,000 0 133,683 0.7112 0.0024 12/30/2024
15 Principia Fund N.V 13,530 0 82,215.04 0.2424 0.0015 12/31/2023
# Holder Name Position Position Change $ Market Value % Port % O/S Rpt Date
1 Newton Investment Management North America LLC 2,679,367 2,679,367 16,281,173.58 0.0402 0.2963 03/31/2025
2 Goehring & Rozencwajg Associates LLC 1,475,010 1,475,010 8,962,898.26 1.3205 0.1631 02/28/2025
3 Principal Global Investors LLC 358,749 358,749 2,179,938.3 0.0011 0.0397 03/31/2025
4 US Global Investors, Inc. (Asset Management) 258,840 258,840 1,572,841.26 0.1348 0.0286 12/31/2024
5 Andbank Wealth Management SGIIC SAU 146,587 146,587 890,735.91 0.0732 0.0162 12/31/2024
6 AzValor Asset Management SGIIC SA 77,564 77,564 471,317.65 0.0258 0.0086 12/31/2024
7 Atlas Capital Advisors LLC 44,834 44,834 272,433.8 0.0343 0.005 12/31/2024
8 ShariaPortfolio, Inc. 8,988 3,526 54,615.58 0.023 0.001 04/30/2025
9 GAMMA Investing LLC 13,223 2,438 80,349.56 0.006 0.0015 03/31/2025
10 ORG Partners LLC 1,145 1,145 6,957.59 0.0017 0.0001 03/31/2025
# Holder Name Position Position Change $ Market Value % Port % O/S Rpt Date
1 Serafin Asset Management AG 0 -150,000 0 0 0
2 Tuttle Capital Management LLC 1,480 -2,114 8,993.22 0.0014 0.0002 04/30/2025

Data provided by FactSet Research Systems Inc.