| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group, Inc. | 15,022,550 | -245,388 | 106,960,556 | 0.0015 | 0.598 | 03/31/2025 |
| 2 | UBS Securities LLC | 14,711,487 | 8,287,821 | 104,745,787.44 | 0.0426 | 0.5856 | 03/31/2025 |
| 3 | Morgan Stanley & Co. International Plc | 11,918,975 | 10,014,202 | 84,863,102 | 0.8283 | 0.4745 | 03/31/2025 |
| 4 | Aperio Group LLC | 11,422,005 | 754,229 | 81,324,675.6 | 0.0713 | 0.4547 | 03/31/2025 |
| 5 | BlackRock Fund Advisors | 11,348,274 | -925,209 | 80,799,710.88 | 0.0019 | 0.4517 | 03/31/2025 |
| 6 | Millennium Management LLC | 7,893,548 | -6,435,845 | 56,202,061.76 | 0.0487 | 0.3142 | 03/31/2025 |
| 7 | Citigroup Global Markets, Inc. (Investment Management) | 6,027,724 | 196,262 | 42,917,394.88 | 0.0349 | 0.2399 | 03/31/2025 |
| 8 | Parametric Portfolio Associates LLC | 5,696,909 | 405,254 | 40,561,992.08 | 0.0118 | 0.2268 | 03/31/2025 |
| 9 | Rafferty Asset Management LLC | 5,576,578 | -599,160 | 39,705,235.36 | 0.1474 | 0.222 | 03/31/2025 |
| 10 | Goldman Sachs & Co. LLC (Private Banking) | 5,394,622 | 529,430 | 38,409,708.64 | 0.0196 | 0.2147 | 03/31/2025 |
| 11 | BofA Securities, Inc. | 4,634,398 | 431,900 | 32,996,913.76 | 0.0613 | 0.1845 | 03/31/2025 |
| 12 | Schroder Investment Management Ltd. | 4,164,459 | 682,933 | 29,650,948.08 | 0.0135 | 0.1658 | 03/31/2025 |
| 13 | SSgA Funds Management, Inc. | 3,966,711 | 94,983 | 28,242,982.32 | 0.001 | 0.1579 | 03/31/2025 |
| 14 | Barclays Bank Plc (Private Banking) | 3,668,336 | 120,469 | 26,118,552.32 | 0.0151 | 0.146 | 03/31/2025 |
| 15 | Northern Trust Investments, Inc.(Investment Management) | 3,335,080 | 150,636 | 23,745,769.6 | 0.0035 | 0.1328 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares Semiconductor ETF | 11,448,043 | -806,308 | 81,510,066.16 | 0.5836 | 0.4557 | 06/30/2025 |
| 2 | Direxion Daily Semiconductor Bull 3X Shares | 8,403,064 | 2,227,326 | 59,829,815.68 | 0.5878 | 0.3345 | 06/30/2025 |
| 3 | Vanguard Emerging Markets Stock Index Fund | 6,635,860 | -481,283 | 47,247,323.2 | 0.0362 | 0.2642 | 06/30/2025 |
| 4 | Vanguard Global Minimum Volatility Fund | 4,743,496 | 863,247 | 33,773,691.52 | 1.5434 | 0.1888 | 04/30/2025 |
| 5 | SPDR Portfolio Emerging Markets ETF | 3,729,594 | 428,153 | 26,554,709.28 | 0.2118 | 0.1485 | 06/30/2025 |
| 6 | Vanguard FTSE All World (ex-US) Index Fund | 2,242,390 | -40,636 | 15,965,816.8 | 0.0228 | 0.0893 | 06/30/2025 |
| 7 | Schroder AsiaPacific Fund Plc | 1,441,848 | -111,218 | 10,265,957.76 | 0.8083 | 0.0574 | 03/31/2025 |
| 8 | Debeka-Aktien-Asien-ESG | 1,399,100 | 0 | 9,961,592 | 0.6891 | 0.0557 | 04/30/2025 |
| 9 | Freedom 100 Emerging Markets ETF | 1,191,434 | -154,273 | 8,483,010.08 | 0.7113 | 0.0474 | 06/30/2025 |
| 10 | Vanguard Total International Stock Index Fund | 980,522 | -25,493 | 6,981,316.64 | 0.0013 | 0.039 | 06/30/2025 |
| 11 | FP Brunel Pension Partnership ACS - Emerging Markets Equity Fd | 774,684 | 0 | 5,515,750.08 | 0.3347 | 0.0308 | 09/30/2024 |
| 12 | BetaShares Asia Technology Tigers ETF | 683,790 | 55,426 | 4,868,584.8 | 1.0531 | 0.0272 | 06/30/2025 |
| 13 | Steward Global Equity Income Fund | 545,983 | 51,233 | 3,887,398.96 | 0.9006 | 0.0217 | 06/30/2025 |
| 14 | Vanguard Institutional Total Intl. Stock Market Index Trust | 468,997 | 0 | 3,339,258.64 | 0.0085 | 0.0187 | 06/30/2025 |
| 15 | Dimensional Emerging Core Equity Market ETF | 461,600 | 118,600 | 3,286,592 | 0.0529 | 0.0184 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Morgan Stanley & Co. International Plc | 11,918,975 | 10,014,202 | 84,863,102 | 0.8283 | 0.4745 | 03/31/2025 |
| 2 | UBS Securities LLC | 14,711,487 | 8,287,821 | 104,745,787.44 | 0.0426 | 0.5856 | 03/31/2025 |
| 3 | Citadel Advisors LLC | 2,594,196 | 2,594,196 | 18,470,675.52 | 0.0231 | 0.1033 | 03/31/2025 |
| 4 | Bank of America, NA (Private Banking) | 3,043,872 | 2,511,254 | 21,672,368.64 | 0.0072 | 0.1212 | 03/31/2025 |
| 5 | Nomura Global Financial Products, Inc. | 1,536,660 | 1,202,660 | 10,941,019.2 | 0.0905 | 0.0612 | 03/31/2025 |
| 6 | LMR Partners LLP | 1,000,000 | 1,000,000 | 7,120,000 | 0.1333 | 0.0398 | 03/31/2025 |
| 7 | BNP Paribas Financial Markets | 1,671,086 | 778,427 | 11,898,132.32 | 0.008 | 0.0665 | 03/31/2025 |
| 8 | Aperio Group LLC | 11,422,005 | 754,229 | 81,324,675.6 | 0.0713 | 0.4547 | 03/31/2025 |
| 9 | Schroder Investment Management Ltd. | 4,164,459 | 682,933 | 29,650,948.08 | 0.0135 | 0.1658 | 03/31/2025 |
| 10 | Creative Planning LLC | 1,261,020 | 564,547 | 8,978,462.4 | 0.0077 | 0.0502 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fisher Asset Management LLC | 0 | -7,300,362 | 0 | 0 | 0 | |
| 2 | Millennium Management LLC | 7,893,548 | -6,435,845 | 56,202,061.76 | 0.0487 | 0.3142 | 03/31/2025 |
| 3 | Marshall Wace LLP | 662,824 | -2,712,444 | 4,719,306.88 | 0.0054 | 0.0264 | 03/31/2025 |
| 4 | Qube Research & Technologies Ltd. | 0 | -2,679,214 | 0 | 0 | 0 | |
| 5 | Citadel Securities LLC | 9,822 | -2,616,129 | 69,932.64 | 0.0002 | 0.0004 | 03/31/2025 |
| 6 | Two Sigma Investments LP | 1,284,444 | -2,040,954 | 9,145,241.28 | 0.0177 | 0.0511 | 03/31/2025 |
| 7 | Renaissance Technologies LLC | 0 | -1,967,384 | 0 | 0 | 0 | |
| 8 | UBS Switzerland AG (Investment Management) | 573,300 | -1,587,256 | 4,081,896 | 0.0109 | 0.0228 | 03/31/2025 |
| 9 | Acadian Asset Management LLC | 162,392 | -1,321,166 | 1,156,231.04 | 0.0024 | 0.0065 | 03/31/2025 |
| 10 | Genesis Investment Management LLP | 0 | -1,009,031 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.