| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goehring & Rozencwajg Associates LLC | 1,413,889 | -13,766 | 21,823,376.72 | 1.6236 | 0.0888 | 11/30/2025 |
| 2 | Capital Research & Management Co. (World Investors) | 810,729 | 810,729 | 12,513,602.12 | 0.0012 | 0.0509 | 12/31/2025 |
| 3 | Peregrine Investment Management, Inc. | 563,190 | 563,190 | 8,692,837.65 | 5.4477 | 0.0354 | 12/31/2025 |
| 4 | Capital Research & Management Co. (International Investors) | 148,053 | 148,053 | 2,285,198.06 | 0.0003 | 0.0093 | 12/31/2025 |
| 5 | AzValor Asset Management SGIIC SA | 67,381 | -7,877 | 1,040,025.74 | 0.0317 | 0.0042 | 12/31/2025 |
| 6 | INFIBA Vermogensverwaltungs AG (Liechtenstein) | 64,564 | 0 | 996,545.34 | 1.7694 | 0.0041 | 06/30/2025 |
| 7 | Causeway Capital Management LLC | 53,724 | 36,663 | 829,229.94 | 0.0015 | 0.0034 | 01/30/2026 |
| 8 | Tuttle Capital Management LLC | 14,124 | -644 | 218,003.94 | 0.0208 | 0.0009 | 01/30/2026 |
| 9 | GAMMA Investing LLC | 10,897 | 2,986 | 168,195.2 | 0.0082 | 0.0007 | 12/31/2025 |
| 10 | Capital International Ltd. | 6,844 | 6,844 | 105,637.14 | 0.0001 | 0.0004 | 12/31/2025 |
| 11 | RhumbLine Advisers LP | 6,230 | -2,258 | 96,160.05 | 0.0001 | 0.0004 | 09/30/2025 |
| 12 | Aperio Group LLC | 4,728 | 4,728 | 72,976.68 | 0.0001 | 0.0003 | 11/30/2025 |
| 13 | BTG Pactual Gestao E Consultoria De Investimentos Ltda. | 3,820 | 0 | 58,961.7 | 0.0037 | 0.0002 | 09/30/2025 |
| 14 | Horizon Kinetics Asset Management LLC | 3,214 | 0 | 49,608.09 | 0.0005 | 0.0002 | 09/30/2025 |
| 15 | Kohmann Bosshard Financial Services LLC | 613 | 613 | 9,461.66 | 0.0009 | 0 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goehring & Rozencwajg Resources Fund | 1,413,889 | -13,766 | 21,823,376.72 | 2.4158 | 0.0888 | 11/30/2025 |
| 2 | American Funds New World Fund | 769,421 | 769,421 | 11,876,013.14 | 0.0151 | 0.0483 | 12/31/2025 |
| 3 | American Funds Developing World Growth & Income Fund | 148,053 | 148,053 | 2,285,198.06 | 0.0965 | 0.0093 | 12/31/2025 |
| 4 | Azvalor Managers, FI | 67,381 | -7,877 | 1,040,025.74 | 0.5165 | 0.0042 | 12/31/2025 |
| 5 | Chatrier Value Fund | 64,564 | 0 | 996,545.34 | 5.1575 | 0.0041 | 06/30/2025 |
| 6 | ActivePassive International Equity ETF | 53,724 | 36,663 | 829,229.94 | 0.0806 | 0.0034 | 01/30/2026 |
| 7 | American Funds Insurance Series - New World Fund | 41,308 | 41,308 | 637,588.98 | 0.0151 | 0.0026 | 12/31/2025 |
| 8 | National Security Emerging Markets Index ETF | 14,124 | -644 | 218,003.94 | 0.5802 | 0.0009 | 01/30/2026 |
| 9 | CIF - Capital Group New World Fund LUX | 6,844 | 6,844 | 105,637.14 | 0.015 | 0.0004 | 12/31/2025 |
| 10 | Aquarius International Fund | 4,728 | 4,728 | 72,976.68 | 0.0094 | 0.0003 | 11/30/2025 |
| 11 | Gaf FIM Credito Privado Investimento No Exterior | 3,820 | 0 | 58,961.7 | 0.7005 | 0.0002 | 09/30/2025 |
| 12 | Kinetics Market Opportunities Portfolio | 2,455 | 0 | 37,892.93 | 0.0133 | 0.0002 | 09/30/2025 |
| 13 | Kinetics Global Portfolio | 736 | 0 | 11,360.16 | 0.0213 | 0 | 09/30/2025 |
| 14 | Avantis Total Equity Markets ETF | 98 | 98 | 1,512.63 | 0.0002 | 0 | 01/30/2026 |
| 15 | Kinetics Spin-off & Corporate Restructuring Fund (The) | 22 | 0 | 339.57 | 0.0009 | 0 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (World Investors) | 810,729 | 810,729 | 12,513,602.12 | 0.0012 | 0.0509 | 12/31/2025 |
| 2 | Peregrine Investment Management, Inc. | 563,190 | 563,190 | 8,692,837.65 | 5.4477 | 0.0354 | 12/31/2025 |
| 3 | Capital Research & Management Co. (International Investors) | 148,053 | 148,053 | 2,285,198.06 | 0.0003 | 0.0093 | 12/31/2025 |
| 4 | Causeway Capital Management LLC | 53,724 | 36,663 | 829,229.94 | 0.0015 | 0.0034 | 01/30/2026 |
| 5 | Capital International Ltd. | 6,844 | 6,844 | 105,637.14 | 0.0001 | 0.0004 | 12/31/2025 |
| 6 | Aperio Group LLC | 4,728 | 4,728 | 72,976.68 | 0.0001 | 0.0003 | 11/30/2025 |
| 7 | GAMMA Investing LLC | 10,897 | 2,986 | 168,195.2 | 0.0082 | 0.0007 | 12/31/2025 |
| 8 | Kohmann Bosshard Financial Services LLC | 613 | 613 | 9,461.66 | 0.0009 | 0 | 12/31/2025 |
| 9 | ORG Partners LLC | 600 | 600 | 9,261 | 0.0016 | 0 | 12/31/2025 |
| 10 | American Century Investment Management, Inc. | 98 | 98 | 1,512.63 | 0 | 0 | 01/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Yousif Capital Management LLC | 0 | -33,487 | 0 | 0 | 0 | |
| 2 | Hara Capital LLC | 0 | -28,556 | 0 | 0 | 0 | |
| 3 | Goehring & Rozencwajg Associates LLC | 1,413,889 | -13,766 | 21,823,376.72 | 1.6236 | 0.0888 | 11/30/2025 |
| 4 | Corient IA LLC | 0 | -12,279 | 0 | 0 | 0 | |
| 5 | AzValor Asset Management SGIIC SA | 67,381 | -7,877 | 1,040,025.74 | 0.0317 | 0.0042 | 12/31/2025 |
| 6 | MBH Investment Fund Management Private Ltd. Co. | 0 | -3,872 | 0 | 0 | 0 | |
| 7 | RhumbLine Advisers LP | 6,230 | -2,258 | 96,160.05 | 0.0001 | 0.0004 | 09/30/2025 |
| 8 | Tuttle Capital Management LLC | 14,124 | -644 | 218,003.94 | 0.0208 | 0.0009 | 01/30/2026 |
| 9 | FNY Investment Advisers LLC | 0 | -500 | 0 | 0 | 0 | |
| 10 | Brooklyn Investment Group LLC | 0 | -340 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.