| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | D. E. Shaw & Co. LP | 2,229,178 | -2,037,643 | 17,900,299.34 | 0.0174 | 2.2041 | 06/30/2025 |
| 2 | Pleasant Lake Partners LLC | 1,693,299 | 1,693,299 | 13,597,190.97 | 1.7905 | 1.6742 | 06/30/2025 |
| 3 | Marshall Wace LLP | 1,058,115 | 34,710 | 8,496,663.45 | 0.0096 | 1.0462 | 06/30/2025 |
| 4 | SSgA Funds Management, Inc. | 874,320 | -653,003 | 7,020,789.6 | 0.0002 | 0.8645 | 06/30/2025 |
| 5 | Two Sigma Investments LP | 572,480 | 572,480 | 4,597,014.4 | 0.0081 | 0.566 | 06/30/2025 |
| 6 | Goldman Sachs & Co. LLC (Private Banking) | 566,111 | -253,858 | 4,545,871.33 | 0.0019 | 0.5597 | 06/30/2025 |
| 7 | UBS Securities LLC | 535,966 | -170,810 | 4,303,806.98 | 0.0019 | 0.5299 | 06/30/2025 |
| 8 | Jane Street Capital LLC | 514,060 | 514,060 | 4,127,901.8 | 0.0063 | 0.5083 | 06/30/2025 |
| 9 | Citadel Securities LLC | 465,706 | -777,489 | 3,739,619.18 | 0.0121 | 0.4605 | 06/30/2025 |
| 10 | SBI Securities Co., Ltd. | 394,592 | 88,113 | 3,168,573.76 | 0.086 | 0.3901 | 06/30/2025 |
| 11 | National Bank Financial, Inc. | 388,650 | 388,500 | 3,120,859.5 | 0.0044 | 0.3843 | 06/30/2025 |
| 12 | Morgan Stanley & Co. LLC | 338,422 | -138,178 | 2,717,528.66 | 0.001 | 0.3346 | 06/30/2025 |
| 13 | Morgan Stanley Investment Management, Inc. | 313,872 | 0 | 2,520,392.16 | 0.0026 | 0.3103 | 06/30/2025 |
| 14 | GSA Capital Partners LLP | 263,220 | 263,220 | 2,113,656.6 | 0.141 | 0.2603 | 06/30/2025 |
| 15 | Susquehanna Financial Group LLLP | 232,386 | -514,439 | 1,866,059.58 | 0.0028 | 0.2298 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | SPDR S&P Kensho New Economies Composite ETF | 621,558 | -680,952 | 4,991,110.74 | 0.208 | 0.6146 | 07/31/2025 |
| 2 | Vanguard Variable Insurance - International Portfolio | 477,446 | 0 | 3,833,891.38 | 0.1134 | 0.4721 | 03/31/2025 |
| 3 | SPDR Portfolio Developed World ex-US ETF | 201,589 | 13,320 | 1,618,759.67 | 0.0058 | 0.1993 | 07/31/2025 |
| 4 | Morgan Stanley Galaxy Fund - Frontier Emerging Markets Fund | 189,622 | 0 | 1,522,664.66 | 1.437 | 0.1875 | 07/31/2025 |
| 5 | Morgan Stanley Invt. Fds. - NextGen Emerging Markets Fund | 84,666 | 0 | 679,867.98 | 1.4281 | 0.0837 | 05/31/2025 |
| 6 | ProFund VP Europe 30 | 83,841 | 28,666 | 673,243.23 | 3.1352 | 0.0829 | 03/31/2025 |
| 7 | iShares Tr. - International Small-Cap Equity Factor ETF | 82,548 | 42,618 | 662,860.44 | 0.1584 | 0.0816 | 07/31/2025 |
| 8 | Lumyna - MW TOPS UCITS Fund | 75,389 | 75,389 | 605,373.67 | 0.0239 | 0.0745 | 03/31/2025 |
| 9 | Global X E-commerce ETF | 62,682 | 16,568 | 503,336.46 | 0.5889 | 0.062 | 07/31/2025 |
| 10 | SPDR S&P International Small Cap ETF | 51,014 | -1,876 | 409,642.42 | 0.055 | 0.0504 | 07/31/2025 |
| 11 | Morgan Stanley Instl. Fund-Frontier Emerging Markets Port. | 39,584 | 0 | 317,859.52 | 1.4915 | 0.0391 | 05/31/2025 |
| 12 | Vanguard International Growth Fund | 24,334 | 0 | 195,402.02 | 0.1044 | 0.0241 | 03/31/2025 |
| 13 | Europe 30 ProFund | 15,414 | 6,559 | 123,774.42 | 3.4404 | 0.0152 | 04/30/2025 |
| 14 | Kernel S&P Kensho Moonshots Innovation Fund | 11,666 | 11,666 | 93,677.98 | 3.3129 | 0.0115 | 04/30/2025 |
| 15 | Gestion Boutique III - Galaxy Internacional | 2,910 | 1,893 | 23,367.3 | 1.8888 | 0.0029 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Pleasant Lake Partners LLC | 1,693,299 | 1,693,299 | 13,597,190.97 | 1.7905 | 1.6742 | 06/30/2025 |
| 2 | Two Sigma Investments LP | 572,480 | 572,480 | 4,597,014.4 | 0.0081 | 0.566 | 06/30/2025 |
| 3 | Jane Street Capital LLC | 514,060 | 514,060 | 4,127,901.8 | 0.0063 | 0.5083 | 06/30/2025 |
| 4 | National Bank Financial, Inc. | 388,650 | 388,500 | 3,120,859.5 | 0.0044 | 0.3843 | 06/30/2025 |
| 5 | GSA Capital Partners LLP | 263,220 | 263,220 | 2,113,656.6 | 0.141 | 0.2603 | 06/30/2025 |
| 6 | Revisor Wealth Management LLC | 185,350 | 185,350 | 1,488,360.5 | 0.5293 | 0.1833 | 06/30/2025 |
| 7 | HRT Financial LP (US) | 101,162 | 101,162 | 812,330.86 | 0.0042 | 0.1 | 06/30/2025 |
| 8 | Nomura Securities International, Inc. | 100,000 | 100,000 | 803,000 | 0.0278 | 0.0989 | 06/30/2025 |
| 9 | SBI Securities Co., Ltd. | 394,592 | 88,113 | 3,168,573.76 | 0.086 | 0.3901 | 06/30/2025 |
| 10 | LPL Financial LLC | 208,645 | 87,095 | 1,675,419.35 | 0.0005 | 0.2063 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 0 | -8,777,057 | 0 | 0 | 0 | 04/30/2025 |
| 2 | D. E. Shaw & Co. LP | 2,229,178 | -2,037,643 | 17,900,299.34 | 0.0174 | 2.2041 | 06/30/2025 |
| 3 | RWC Asset Management LLP | 0 | -1,473,192 | 0 | 0 | 0 | |
| 4 | 683 Capital Management LLC | 0 | -885,811 | 0 | 0 | 0 | |
| 5 | Millennium Management LLC | 84,322 | -832,626 | 677,105.66 | 0.0006 | 0.0834 | 06/30/2025 |
| 6 | Citadel Securities LLC | 465,706 | -777,489 | 3,739,619.18 | 0.0121 | 0.4605 | 06/30/2025 |
| 7 | SSgA Funds Management, Inc. | 874,320 | -653,003 | 7,020,789.6 | 0.0002 | 0.8645 | 06/30/2025 |
| 8 | Susquehanna Financial Group LLLP | 232,386 | -514,439 | 1,866,059.58 | 0.0028 | 0.2298 | 06/30/2025 |
| 9 | JPMorgan Securities LLC (Investment Management) | 224,714 | -402,231 | 1,804,453.42 | 0.0009 | 0.2222 | 06/30/2025 |
| 10 | East Capital Financial Services AB | 0 | -337,700 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.