| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group, Inc. | 15,022,550 | -245,388 | 118,077,243 | 0.0017 | 0.5981 | 03/31/2025 |
| 2 | UBS Securities LLC | 14,711,487 | 8,287,821 | 115,632,287.82 | 0.0479 | 0.5857 | 03/31/2025 |
| 3 | Morgan Stanley & Co. International Plc | 11,918,975 | 10,014,202 | 93,683,143.5 | 0.9457 | 0.4745 | 03/31/2025 |
| 4 | Aperio Group LLC | 11,422,005 | 754,229 | 89,776,959.3 | 0.0803 | 0.4548 | 03/31/2025 |
| 5 | BlackRock Fund Advisors | 11,348,274 | -925,209 | 89,197,433.64 | 0.0021 | 0.4518 | 03/31/2025 |
| 6 | Millennium Management LLC | 7,893,548 | -6,435,845 | 62,043,287.28 | 0.0546 | 0.3143 | 03/31/2025 |
| 7 | Citigroup Global Markets, Inc. (Investment Management) | 6,027,724 | 196,262 | 47,377,910.64 | 0.0394 | 0.24 | 03/31/2025 |
| 8 | Parametric Portfolio Associates LLC | 5,696,909 | 405,254 | 44,777,704.74 | 0.0133 | 0.2268 | 03/31/2025 |
| 9 | Rafferty Asset Management LLC | 5,576,578 | -599,160 | 43,831,903.08 | 0.1654 | 0.222 | 03/31/2025 |
| 10 | Goldman Sachs & Co. LLC (Private Banking) | 5,394,622 | 529,430 | 42,401,728.92 | 0.022 | 0.2148 | 03/31/2025 |
| 11 | BofA Securities, Inc. | 4,634,398 | 431,900 | 36,426,368.28 | 0.069 | 0.1845 | 03/31/2025 |
| 12 | Schroder Investment Management Ltd. | 4,164,459 | 682,933 | 32,732,647.74 | 0.0151 | 0.1658 | 03/31/2025 |
| 13 | SSgA Funds Management, Inc. | 3,966,711 | 94,983 | 31,178,348.46 | 0.0011 | 0.1579 | 03/31/2025 |
| 14 | Barclays Bank Plc (Private Banking) | 3,668,336 | 120,469 | 28,833,120.96 | 0.0169 | 0.1461 | 03/31/2025 |
| 15 | Northern Trust Investments, Inc.(Investment Management) | 3,335,080 | 150,636 | 26,213,728.8 | 0.004 | 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 | 89,981,617.98 | 0.6547 | 0.4558 | 06/30/2025 |
| 2 | Direxion Daily Semiconductor Bull 3X Shares | 8,403,064 | 2,227,326 | 66,048,083.04 | 0.6595 | 0.3346 | 06/30/2025 |
| 3 | Vanguard Emerging Markets Stock Index Fund | 6,767,268 | -349,875 | 53,190,726.48 | 0.042 | 0.2694 | 05/31/2025 |
| 4 | Vanguard Global Minimum Volatility Fund | 4,743,496 | 863,247 | 37,283,878.56 | 1.698 | 0.1889 | 04/30/2025 |
| 5 | SPDR Portfolio Emerging Markets ETF | 3,729,594 | 428,153 | 29,314,608.84 | 0.2371 | 0.1485 | 06/30/2025 |
| 6 | Vanguard FTSE All World (ex-US) Index Fund | 2,283,026 | 0 | 17,944,584.36 | 0.026 | 0.0909 | 05/31/2025 |
| 7 | Schroder AsiaPacific Fund Plc | 1,553,066 | 0 | 12,207,098.76 | 0.9479 | 0.0618 | 09/30/2024 |
| 8 | Debeka-Aktien-Asien-ESG | 1,399,100 | 0 | 10,996,926 | 0.7702 | 0.0557 | 04/30/2025 |
| 9 | Freedom 100 Emerging Markets ETF | 1,191,434 | -154,273 | 9,364,671.24 | 0.7809 | 0.0474 | 06/30/2025 |
| 10 | Vanguard Total International Stock Index Fund | 1,006,015 | 0 | 7,907,277.9 | 0.0015 | 0.0401 | 05/31/2025 |
| 11 | FP Brunel Pension Partnership ACS - Emerging Markets Equity Fd | 774,684 | 0 | 6,089,016.24 | 0.3758 | 0.0308 | 09/30/2024 |
| 12 | BetaShares Asia Technology Tigers ETF | 683,790 | 55,426 | 5,374,589.4 | 1.1898 | 0.0272 | 06/30/2025 |
| 13 | Steward Global Equity Income Fund | 541,403 | 46,653 | 4,255,427.58 | 0.9868 | 0.0216 | 05/31/2025 |
| 14 | Vanguard Institutional Total Intl. Stock Market Index Trust | 468,997 | 0 | 3,686,316.42 | 0.0098 | 0.0187 | 04/30/2025 |
| 15 | Dimensional Emerging Core Equity Market ETF | 461,600 | 118,600 | 3,628,176 | 0.0595 | 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 | 93,683,143.5 | 0.9457 | 0.4745 | 03/31/2025 |
| 2 | UBS Securities LLC | 14,711,487 | 8,287,821 | 115,632,287.82 | 0.0479 | 0.5857 | 03/31/2025 |
| 3 | Citadel Advisors LLC | 2,594,196 | 2,594,196 | 20,390,380.56 | 0.0257 | 0.1033 | 03/31/2025 |
| 4 | Bank of America, NA (Private Banking) | 3,043,872 | 2,511,254 | 23,924,833.92 | 0.0081 | 0.1212 | 03/31/2025 |
| 5 | Nomura Global Financial Products, Inc. | 1,536,660 | 1,202,660 | 12,078,147.6 | 0.1036 | 0.0612 | 03/31/2025 |
| 6 | LMR Partners LLP | 1,000,000 | 1,000,000 | 7,860,000 | 0.1471 | 0.0398 | 03/31/2025 |
| 7 | BNP Paribas Financial Markets | 1,671,086 | 778,427 | 13,134,735.96 | 0.009 | 0.0665 | 03/31/2025 |
| 8 | Aperio Group LLC | 11,422,005 | 754,229 | 89,776,959.3 | 0.0803 | 0.4548 | 03/31/2025 |
| 9 | Schroder Investment Management Ltd. | 4,164,459 | 682,933 | 32,732,647.74 | 0.0151 | 0.1658 | 03/31/2025 |
| 10 | Creative Planning LLC | 1,261,020 | 564,547 | 9,911,617.2 | 0.0086 | 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 | 62,043,287.28 | 0.0546 | 0.3143 | 03/31/2025 |
| 3 | Marshall Wace LLP | 662,824 | -2,712,444 | 5,209,796.64 | 0.0061 | 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 | 77,200.92 | 0.0002 | 0.0004 | 03/31/2025 |
| 6 | Two Sigma Investments LP | 1,284,444 | -2,040,954 | 10,095,729.84 | 0.0198 | 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 | 4,506,138 | 0.0124 | 0.0228 | 03/31/2025 |
| 9 | Acadian Asset Management LLC | 162,392 | -1,321,166 | 1,276,401.12 | 0.0027 | 0.0065 | 03/31/2025 |
| 10 | Genesis Investment Management LLP | 0 | -1,009,031 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.