| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | UBS Securities LLC | 16,153,032 | 9,729,366 | 108,871,435.68 | 0.0467 | 0.643 | 06/30/2025 |
| 2 | Morgan Stanley & Co. International Plc | 14,661,971 | 12,757,198 | 98,821,684.54 | 1.0532 | 0.5836 | 06/30/2025 |
| 3 | The Vanguard Group, Inc. | 14,165,514 | -1,102,424 | 95,475,564.36 | 0.0013 | 0.5639 | 06/30/2025 |
| 4 | Aperio Group LLC | 12,862,846 | 2,195,070 | 86,695,582.04 | 0.0722 | 0.512 | 06/30/2025 |
| 5 | BlackRock Fund Advisors | 11,417,785 | -855,698 | 76,955,870.9 | 0.0018 | 0.4545 | 06/30/2025 |
| 6 | Rafferty Asset Management LLC | 8,403,064 | 2,227,326 | 56,636,651.36 | 0.1791 | 0.3345 | 06/30/2025 |
| 7 | Parametric Portfolio Associates LLC | 6,631,016 | 1,339,361 | 44,693,047.84 | 0.0127 | 0.264 | 06/30/2025 |
| 8 | Barclays Bank Plc (Private Banking) | 5,248,150 | 1,700,283 | 35,372,531 | 0.0202 | 0.2089 | 06/30/2025 |
| 9 | Goldman Sachs & Co. LLC (Private Banking) | 5,168,034 | 302,842 | 34,832,549.16 | 0.0147 | 0.2057 | 06/30/2025 |
| 10 | SSgA Funds Management, Inc. | 4,292,954 | 421,226 | 28,934,509.96 | 0.001 | 0.1709 | 06/30/2025 |
| 11 | Schroder Investment Management North America, Inc. | 4,078,402 | 3,977,470 | 27,488,429.48 | 0.0294 | 0.1623 | 06/30/2025 |
| 12 | Citigroup Global Markets, Inc. (Investment Management) | 3,724,924 | -2,106,538 | 25,105,987.76 | 0.0203 | 0.1483 | 06/30/2025 |
| 13 | BofA Securities, Inc. | 3,676,287 | -526,211 | 24,778,174.38 | 0.045 | 0.1463 | 06/30/2025 |
| 14 | Northern Trust Investments, Inc.(Investment Management) | 3,616,436 | 431,992 | 24,374,778.64 | 0.0036 | 0.144 | 06/30/2025 |
| 15 | Maple Rock Capital Partners, Inc. | 3,140,443 | 3,140,443 | 21,166,585.82 | 0.906 | 0.125 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares Semiconductor ETF | 11,185,807 | -618,942 | 75,392,339.18 | 0.5422 | 0.4453 | 07/31/2025 |
| 2 | Direxion Daily Semiconductor Bull 3X Shares | 7,915,109 | 2,146,216 | 53,347,834.66 | 0.5444 | 0.3151 | 07/31/2025 |
| 3 | Vanguard Emerging Markets Stock Index Fund | 6,635,860 | -481,283 | 44,725,696.4 | 0.033 | 0.2642 | 07/31/2025 |
| 4 | Vanguard Global Minimum Volatility Fund | 4,743,496 | -619,593 | 31,971,163.04 | 1.451 | 0.1888 | 04/30/2025 |
| 5 | SPDR Portfolio Emerging Markets ETF | 3,783,015 | 481,574 | 25,497,521.1 | 0.1955 | 0.1506 | 07/31/2025 |
| 6 | Vanguard FTSE All World (ex-US) Index Fund | 2,242,390 | -40,636 | 15,113,708.6 | 0.0209 | 0.0893 | 07/31/2025 |
| 7 | Schroder AsiaPacific Fund Plc | 1,441,848 | -111,218 | 9,718,055.52 | 0.7437 | 0.0574 | 03/31/2025 |
| 8 | Debeka-Aktien-Asien-ESG | 1,399,100 | 0 | 9,429,934 | 0.6284 | 0.0557 | 05/30/2025 |
| 9 | Freedom 100 Emerging Markets ETF | 1,237,641 | 217,197 | 8,341,700.34 | 0.6482 | 0.0493 | 07/31/2025 |
| 10 | Vanguard Total International Stock Index Fund | 980,522 | -25,493 | 6,608,718.28 | 0.0012 | 0.039 | 07/31/2025 |
| 11 | FP Brunel Pension Partnership ACS - Emerging Markets Equity Fd | 774,684 | 0 | 5,221,370.16 | 0.3094 | 0.0308 | 09/30/2024 |
| 12 | BetaShares Asia Technology Tigers ETF | 695,235 | 74,063 | 4,685,883.9 | 0.959 | 0.0277 | 07/31/2025 |
| 13 | Steward Global Equity Income Fund | 545,983 | 47,358 | 3,679,925.42 | 0.8249 | 0.0217 | 07/31/2025 |
| 14 | Dimensional Emerging Core Equity Market ETF | 474,200 | 131,200 | 3,196,108 | 0.0503 | 0.0189 | 07/31/2025 |
| 15 | Vanguard Institutional Total Intl. Stock Market Index Trust | 468,997 | 0 | 3,161,039.78 | 0.0079 | 0.0187 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Morgan Stanley & Co. International Plc | 14,661,971 | 12,757,198 | 98,821,684.54 | 1.0532 | 0.5836 | 06/30/2025 |
| 2 | UBS Securities LLC | 16,153,032 | 9,729,366 | 108,871,435.68 | 0.0467 | 0.643 | 06/30/2025 |
| 3 | Schroder Investment Management North America, Inc. | 4,078,402 | 3,977,470 | 27,488,429.48 | 0.0294 | 0.1623 | 06/30/2025 |
| 4 | Maple Rock Capital Partners, Inc. | 3,140,443 | 3,140,443 | 21,166,585.82 | 0.906 | 0.125 | 06/30/2025 |
| 5 | Bank of America, NA (Private Banking) | 3,044,030 | 2,511,412 | 20,516,762.2 | 0.0066 | 0.1212 | 06/30/2025 |
| 6 | Rafferty Asset Management LLC | 8,403,064 | 2,227,326 | 56,636,651.36 | 0.1791 | 0.3345 | 06/30/2025 |
| 7 | Aperio Group LLC | 12,862,846 | 2,195,070 | 86,695,582.04 | 0.0722 | 0.512 | 06/30/2025 |
| 8 | Barclays Bank Plc (Private Banking) | 5,248,150 | 1,700,283 | 35,372,531 | 0.0202 | 0.2089 | 06/30/2025 |
| 9 | Parametric Portfolio Associates LLC | 6,631,016 | 1,339,361 | 44,693,047.84 | 0.0127 | 0.264 | 06/30/2025 |
| 10 | Creative Planning LLC | 1,689,542 | 993,069 | 11,387,513.08 | 0.0094 | 0.0673 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Millennium Management LLC | 58,780 | -14,270,613 | 396,177.2 | 0.0003 | 0.0023 | 06/30/2025 |
| 2 | Fisher Asset Management LLC | 0 | -7,300,362 | 0 | 0 | 0 | |
| 3 | Schroder Investment Management Ltd. | 0 | -3,481,526 | 0 | 0 | 0 | |
| 4 | Marshall Wace LLP | 0 | -3,375,268 | 0 | 0 | 0 | |
| 5 | Two Sigma Investments LP | 378,628 | -2,946,770 | 2,551,952.72 | 0.0045 | 0.0151 | 06/30/2025 |
| 6 | Qube Research & Technologies Ltd. | 0 | -2,679,214 | 0 | 0 | 0 | |
| 7 | Citigroup Global Markets, Inc. (Investment Management) | 3,724,924 | -2,106,538 | 25,105,987.76 | 0.0203 | 0.1483 | 06/30/2025 |
| 8 | Citadel Securities LLC | 581,999 | -2,043,952 | 3,922,673.26 | 0.0125 | 0.0232 | 06/30/2025 |
| 9 | Renaissance Technologies LLC | 0 | -1,967,384 | 0 | 0 | 0 | |
| 10 | UBS Switzerland AG (Investment Management) | 580,373 | -1,580,183 | 3,911,714.02 | 0.0097 | 0.0231 | 06/30/2025 |
Data provided by FactSet Research Systems Inc.