| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Lingotto Investment Management LLP | 28,166,809 | 654,990 | 195,477,654.46 | 3.6519 | 3.9804 | 03/31/2025 |
| 2 | D. E. Shaw & Co. LP | 11,802,484 | 6,700,509 | 81,909,238.96 | 0.0904 | 1.6679 | 03/31/2025 |
| 3 | Two Sigma Investments LP | 8,666,444 | 2,522,068 | 60,145,121.36 | 0.1228 | 1.2247 | 03/31/2025 |
| 4 | UBS Securities LLC | 8,331,718 | 4,965,993 | 57,822,122.92 | 0.0251 | 1.1774 | 03/31/2025 |
| 5 | Two Sigma Advisers LP | 6,090,500 | 3,115,400 | 42,268,070 | 0.0873 | 0.8607 | 03/31/2025 |
| 6 | Invesco Advisers, Inc. | 4,582,320 | 26,400 | 31,801,300.8 | 0.0129 | 0.6475 | 03/31/2025 |
| 7 | Condire Management LP | 3,790,555 | 0 | 26,306,451.7 | 3.1329 | 0.5357 | 03/31/2025 |
| 8 | Goldman Sachs & Co. LLC (Private Banking) | 3,566,206 | 22,186 | 24,749,469.64 | 0.0133 | 0.504 | 03/31/2025 |
| 9 | Citadel Securities LLC | 3,329,195 | 2,301,045 | 23,104,613.3 | 0.0748 | 0.4705 | 03/31/2025 |
| 10 | Millennium Management LLC | 3,171,659 | 1,440,346 | 22,011,313.46 | 0.0203 | 0.4482 | 03/31/2025 |
| 11 | Cubist Systematic Strategies LLC | 2,914,873 | 1,922,956 | 20,229,218.62 | 0.2518 | 0.4119 | 03/31/2025 |
| 12 | UBS Switzerland AG (Investment Management) | 2,884,618 | 1,616,055 | 20,019,248.92 | 0.057 | 0.4076 | 03/31/2025 |
| 13 | Goehring & Rozencwajg Associates LLC | 2,749,710 | 2,749,710 | 19,082,987.4 | 2.4168 | 0.3886 | 03/31/2025 |
| 14 | Marshall Wace LLP | 2,684,680 | -241,196 | 18,631,679.2 | 0.0227 | 0.3794 | 03/31/2025 |
| 15 | Dimensional Fund Advisors LP | 2,636,913 | 240,937 | 18,300,176.22 | 0.0032 | 0.3726 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | CREF Stock Account | 4,839,391 | 4,839,391 | 33,585,373.54 | 0.0265 | 0.6839 | 04/30/2025 |
| 2 | Invesco Gold and Special Minerals Fund | 4,442,587 | 30,000 | 30,831,553.78 | 1.0692 | 0.6278 | 03/31/2025 |
| 3 | Nuveen Emerging Markets Equity Fund | 2,222,532 | 2,222,532 | 15,424,372.08 | 0.9119 | 0.3141 | 04/30/2025 |
| 4 | Bakersteel Global Funds SICAV - Precious Metals Fund | 2,221,600 | 0 | 15,417,904 | 1.2987 | 0.3139 | 06/30/2024 |
| 5 | Goehring & Rozencwajg Resources Fund | 1,798,412 | 1,068,900 | 12,480,979.28 | 2.464 | 0.2541 | 02/28/2025 |
| 6 | M&W Invest: M&W Privat | 1,700,000 | 0 | 11,798,000 | 3.442 | 0.2402 | 12/30/2024 |
| 7 | Avantis Emerging Markets Equity ETF | 1,491,875 | 357,231 | 10,353,612.5 | 0.1011 | 0.2108 | 05/30/2025 |
| 8 | DFA Emerging Markets Core Equity 2 Portfolio | 991,853 | 0 | 6,883,459.82 | 0.0226 | 0.1402 | 02/28/2025 |
| 9 | DFA Dimensional Emerging Markets Value Fund | 954,293 | 0 | 6,622,793.42 | 0.0552 | 0.1349 | 02/28/2025 |
| 10 | Incrementum All Seasons Fund | 388,888 | 0 | 2,698,882.72 | 1.4038 | 0.055 | 04/30/2025 |
| 11 | Rydex Precious Metals Fund | 260,763 | -102,205 | 1,809,695.22 | 2.1803 | 0.0368 | 04/30/2025 |
| 12 | R-co SICAV - R-co Thematic Gold Mining | 246,899 | 0 | 1,713,479.06 | 0.4685 | 0.0349 | 02/28/2025 |
| 13 | Bissan FI - Largo Plazo | 190,036 | -60,069 | 1,318,849.84 | 1.7146 | 0.0269 | 12/31/2024 |
| 14 | HANetf ICAV - AuAg ESG Gold Mining UCITS ETF | 178,569 | -21,509 | 1,239,268.86 | 4.9631 | 0.0252 | 05/30/2025 |
| 15 | Dimensional Funds Plc - Emerging Markets Value Fund | 152,878 | 0 | 1,060,973.32 | 0.0689 | 0.0216 | 11/30/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | D. E. Shaw & Co. LP | 11,802,484 | 6,700,509 | 81,909,238.96 | 0.0904 | 1.6679 | 03/31/2025 |
| 2 | UBS Securities LLC | 8,331,718 | 4,965,993 | 57,822,122.92 | 0.0251 | 1.1774 | 03/31/2025 |
| 3 | Two Sigma Advisers LP | 6,090,500 | 3,115,400 | 42,268,070 | 0.0873 | 0.8607 | 03/31/2025 |
| 4 | Goehring & Rozencwajg Associates LLC | 2,749,710 | 2,749,710 | 19,082,987.4 | 2.4168 | 0.3886 | 03/31/2025 |
| 5 | Bank of America, NA (Private Banking) | 2,596,912 | 2,546,121 | 18,022,569.28 | 0.0063 | 0.367 | 03/31/2025 |
| 6 | Two Sigma Investments LP | 8,666,444 | 2,522,068 | 60,145,121.36 | 0.1228 | 1.2247 | 03/31/2025 |
| 7 | Citadel Securities LLC | 3,329,195 | 2,301,045 | 23,104,613.3 | 0.0748 | 0.4705 | 03/31/2025 |
| 8 | Cubist Systematic Strategies LLC | 2,914,873 | 1,922,956 | 20,229,218.62 | 0.2518 | 0.4119 | 03/31/2025 |
| 9 | UBS Switzerland AG (Investment Management) | 2,884,618 | 1,616,055 | 20,019,248.92 | 0.057 | 0.4076 | 03/31/2025 |
| 10 | Millennium Management LLC | 3,171,659 | 1,440,346 | 22,011,313.46 | 0.0203 | 0.4482 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | MAK Capital One LLC | 0 | -3,161,866 | 0 | 0 | 0 | |
| 2 | Slate Path Capital LP | 0 | -3,079,000 | 0 | 0 | 0 | |
| 3 | Voloridge Investment Management LLC | 800,478 | -1,901,783 | 5,555,317.32 | 0.0197 | 0.1131 | 03/31/2025 |
| 4 | Balyasny Asset Management LP | 1,403,479 | -1,257,365 | 9,740,144.26 | 0.0237 | 0.1983 | 03/31/2025 |
| 5 | Hamilton Capital Partners, Inc. | 0 | -1,241,129 | 0 | 0 | 0 | |
| 6 | Susquehanna Financial Group LLLP | 1,237,069 | -981,705 | 8,585,258.86 | 0.0135 | 0.1748 | 03/31/2025 |
| 7 | Monaco Asset Management SAM | 0 | -900,000 | 0 | 0 | 0 | |
| 8 | Bridgewater Associates LP | 2,387,101 | -889,553 | 16,566,480.94 | 0.0713 | 0.3373 | 03/31/2025 |
| 9 | Level III Capital LLC | 0 | -678,228 | 0 | 0 | 0 | |
| 10 | Group One Trading LLC | 1,104,878 | -650,078 | 7,667,853.32 | 0.2747 | 0.1561 | 03/31/2025 |
Data provided by FactSet Research Systems Inc.