| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Lazard Asset Management LLC | 20,010,829 | 1,848,901 | 496,668,775.78 | 0.4152 | 0.9 | 12/31/2025 |
| 2 | BlackRock Fund Advisors | 11,368,031 | -345,783 | 282,154,529.42 | 0.0058 | 0.5113 | 12/31/2025 |
| 3 | Aperio Group LLC | 7,968,984 | 1,617,302 | 197,790,182.88 | 0.1421 | 0.3584 | 12/31/2025 |
| 4 | Schroder Investment Management Ltd. | 7,235,155 | 7,235,155 | 179,576,547.1 | 0.0679 | 0.3254 | 12/31/2025 |
| 5 | Acadian Asset Management LLC | 6,262,066 | 1,423,842 | 155,424,478.12 | 0.2121 | 0.2816 | 12/31/2025 |
| 6 | Cullen Capital Management LLC | 5,607,381 | 27,205 | 139,175,196.42 | 1.1646 | 0.2522 | 12/31/2025 |
| 7 | Parametric Portfolio Associates LLC | 5,128,011 | 356,184 | 127,277,233.02 | 0.032 | 0.2306 | 12/31/2025 |
| 8 | Managed Account Advisors LLC | 4,741,052 | 1,114,491 | 117,672,910.64 | 0.0171 | 0.2132 | 12/31/2025 |
| 9 | Rafferty Asset Management LLC | 4,653,904 | -2,738,286 | 115,509,897.28 | 0.3706 | 0.2093 | 12/31/2025 |
| 10 | Fisher Asset Management LLC | 4,641,965 | -20,103 | 115,213,571.3 | 0.037 | 0.2088 | 12/31/2025 |
| 11 | Goldman Sachs & Co. LLC (Private Banking) | 4,413,724 | -4,878,266 | 109,548,629.68 | 0.0478 | 0.1985 | 12/31/2025 |
| 12 | UBS Securities LLC | 4,360,675 | -256,938 | 108,231,953.5 | 0.0433 | 0.1961 | 12/31/2025 |
| 13 | American Century Investment Management, Inc. | 4,231,316 | 1,051,101 | 105,021,263.12 | 0.0381 | 0.1903 | 12/31/2025 |
| 14 | Barclays Bank Plc (Private Banking) | 3,748,570 | -882,079 | 93,039,507.4 | 0.0484 | 0.1686 | 12/31/2025 |
| 15 | Bank of America, NA (Private Banking) | 3,446,448 | -1,399,335 | 85,540,839.36 | 0.0252 | 0.155 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares Semiconductor ETF | 9,762,726 | -91,453 | 242,310,859.32 | 1.1044 | 0.4391 | 01/30/2026 |
| 2 | St. James's Place Unit Trust - Emerging Markets Equity | 7,167,407 | -111,982 | 177,895,041.74 | 1.4306 | 0.3223 | 09/30/2025 |
| 3 | Avantis Emerging Markets Equity ETF | 4,079,521 | 1,184,316 | 101,253,711.22 | 0.5162 | 0.1835 | 01/30/2026 |
| 4 | Direxion Daily Semiconductor Bull 3X Shares | 3,829,726 | -3,133,517 | 95,053,799.32 | 1.069 | 0.1722 | 01/30/2026 |
| 5 | Vanguard Global Minimum Volatility Fund | 1,687,909 | 74,986 | 41,893,901.38 | 1.8936 | 0.0759 | 10/31/2025 |
| 6 | Debeka-Aktien-Asien-ESG | 790,118 | -108,882 | 19,610,728.76 | 1.0363 | 0.0355 | 11/28/2025 |
| 7 | Amplify CWP International Enhanced Dividend Income ETF | 728,088 | 728,088 | 18,071,144.16 | 2.0116 | 0.0327 | 01/30/2026 |
| 8 | Fisher Invts. Instl. Fds. Plc - Emerging Markets Equity Fund | 706,397 | 172,837 | 17,532,773.54 | 2.5364 | 0.0318 | 12/31/2025 |
| 9 | BetaShares Asia Technology Tigers ETF | 704,463 | 704,463 | 17,484,771.66 | 2.2796 | 0.0317 | 01/30/2026 |
| 10 | Dimensional Emerging Core Equity Market ETF | 510,500 | 118,000 | 12,670,610 | 0.1478 | 0.023 | 01/30/2026 |
| 11 | RBC Private EAFE Equity Pool | 500,613 | 0 | 12,425,214.66 | 2.283 | 0.0225 | 06/30/2025 |
| 12 | Avantis Emerging Markets Value ETF | 470,099 | 310,390 | 11,667,857.18 | 0.9593 | 0.0211 | 01/30/2026 |
| 13 | YieldMax Semiconductor Portfolio Option Income ETF | 463,061 | 463,061 | 11,493,174.02 | 3.6233 | 0.0208 | 01/30/2026 |
| 14 | TT International Funds Plc - Emerging Markets Unconstrained | 388,930 | 14,319 | 9,653,242.6 | 1.3549 | 0.0175 | 11/30/2025 |
| 15 | State Board of Administration of Florida Retirement System | 376,204 | 0 | 9,337,383.28 | 0.0084 | 0.0169 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder Investment Management Ltd. | 7,235,155 | 7,235,155 | 179,576,547.1 | 0.0679 | 0.3254 | 12/31/2025 |
| 2 | Morgan Stanley & Co. LLC | 1,922,255 | 1,917,664 | 47,710,369.1 | 0.0167 | 0.0865 | 12/31/2025 |
| 3 | Lazard Asset Management LLC | 20,010,829 | 1,848,901 | 496,668,775.78 | 0.4152 | 0.9 | 12/31/2025 |
| 4 | Aperio Group LLC | 7,968,984 | 1,617,302 | 197,790,182.88 | 0.1421 | 0.3584 | 12/31/2025 |
| 5 | Acadian Asset Management LLC | 6,262,066 | 1,423,842 | 155,424,478.12 | 0.2121 | 0.2816 | 12/31/2025 |
| 6 | JPMorgan Securities LLC (Investment Management) | 1,820,322 | 1,215,994 | 45,180,392.04 | 0.03 | 0.0819 | 12/31/2025 |
| 7 | Managed Account Advisors LLC | 4,741,052 | 1,114,491 | 117,672,910.64 | 0.0171 | 0.2132 | 12/31/2025 |
| 8 | American Century Investment Management, Inc. | 4,231,316 | 1,051,101 | 105,021,263.12 | 0.0381 | 0.1903 | 12/31/2025 |
| 9 | Voloridge Investment Management LLC | 694,560 | 694,560 | 17,238,979.2 | 0.0588 | 0.0312 | 12/31/2025 |
| 10 | Marshall Wace LLP | 657,607 | 657,607 | 16,321,805.74 | 0.0154 | 0.0296 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder Investment Management North America, Inc. | 178 | -5,216,794 | 4,417.96 | 0 | 0 | 12/31/2025 |
| 2 | Goldman Sachs & Co. LLC (Private Banking) | 4,413,724 | -4,878,266 | 109,548,629.68 | 0.0478 | 0.1985 | 12/31/2025 |
| 3 | Rafferty Asset Management LLC | 4,653,904 | -2,738,286 | 115,509,897.28 | 0.3706 | 0.2093 | 12/31/2025 |
| 4 | Citadel Securities LLC | 0 | -1,953,895 | 0 | 0 | 0 | |
| 5 | EARNEST Partners LLC | 1,985,057 | -1,549,527 | 49,269,114.74 | 0.167 | 0.0893 | 12/31/2025 |
| 6 | Crossmark Global Investments, Inc. | 79,704 | -1,503,683 | 1,978,253.28 | 0.0278 | 0.0036 | 12/31/2025 |
| 7 | Point72 Asset Management LP | 405,881 | -1,454,838 | 10,073,966.42 | 0.0151 | 0.0183 | 12/31/2025 |
| 8 | Bank of America, NA (Private Banking) | 3,446,448 | -1,399,335 | 85,540,839.36 | 0.0252 | 0.155 | 12/31/2025 |
| 9 | Aquatic Capital Management LLC | 54,197 | -1,137,931 | 1,345,169.54 | 0.0367 | 0.0024 | 12/31/2025 |
| 10 | Morgan Stanley & Co. International Plc | 2,890,511 | -1,028,366 | 71,742,483.02 | 0.6513 | 0.13 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.