| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | PSG Asset Management (Pty) Ltd. | 3,363,606 | 3,363,606 | 33,252,608.92 | 1.2035 | 0.2112 | 09/30/2025 |
| 2 | FundRock Management Co. SA (Ireland) | 1,427,655 | 0 | 14,113,797.33 | 2.1982 | 0.0897 | 02/28/2025 |
| 3 | Goehring & Rozencwajg Associates LLC | 1,413,889 | -13,766 | 13,977,706.65 | 1.4592 | 0.0888 | 08/31/2025 |
| 4 | AzValor Asset Management SGIIC SA | 75,258 | 0 | 744,000.59 | 0.0297 | 0.0047 | 12/31/2024 |
| 5 | INFIBA Vermogensverwaltungs AG (Liechtenstein) | 64,564 | 31,964 | 638,279.7 | 1.3325 | 0.0041 | 06/30/2025 |
| 6 | Causeway Capital Management LLC | 14,319 | 14,319 | 141,557.63 | 0.0003 | 0.0009 | 10/31/2025 |
| 7 | Tuttle Capital Management LLC | 14,217 | 11,494 | 140,549.26 | 0.0121 | 0.0009 | 10/31/2025 |
| 8 | Corient IA LLC | 12,279 | 12,279 | 121,390.19 | 0.0702 | 0.0008 | 06/30/2025 |
| 9 | GAMMA Investing LLC | 9,055 | 4,794 | 89,517.73 | 0.0049 | 0.0006 | 09/30/2025 |
| 10 | RhumbLine Advisers LP | 8,488 | 8,488 | 83,912.37 | 0.0001 | 0.0005 | 06/30/2025 |
| 11 | MBH Investment Fund Management Private Ltd. Co. | 3,872 | 0 | 38,278.59 | 0.0248 | 0.0002 | 12/31/2023 |
| 12 | BTG Pactual Gestao E Consultoria De Investimentos Ltda. | 3,820 | 0 | 37,764.52 | 0.0028 | 0.0002 | 06/30/2025 |
| 13 | Horizon Kinetics Asset Management LLC | 3,214 | 3,214 | 31,773.6 | 0.0004 | 0.0002 | 06/30/2025 |
| 14 | ORG Partners LLC | 600 | 600 | 5,931.6 | 0.0011 | 0 | 09/30/2025 |
| 15 | FNY Investment Advisers LLC | 500 | 500 | 4,943 | 0.0021 | 0 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | PSG Equity Fund | 3,363,606 | 3,363,606 | 33,252,608.92 | 4.5278 | 0.2112 | 09/30/2025 |
| 2 | FundRock UCITS Plat. I ICAV - Goehring & Rozencwajg Resources | 1,427,655 | 0 | 14,113,797.33 | 2.3965 | 0.0897 | 02/28/2025 |
| 3 | Goehring & Rozencwajg Resources Fund | 1,413,889 | -13,766 | 13,977,706.65 | 2.206 | 0.0888 | 08/31/2025 |
| 4 | Azvalor Managers, FI | 75,258 | 0 | 744,000.59 | 0.5352 | 0.0047 | 12/31/2024 |
| 5 | Chatrier Value Fund | 64,564 | 31,964 | 638,279.7 | 4.3514 | 0.0041 | 06/30/2025 |
| 6 | ActivePassive International Equity ETF | 14,319 | 14,319 | 141,557.63 | 0.0151 | 0.0009 | 10/31/2025 |
| 7 | National Security Emerging Markets Index ETF | 14,217 | 11,494 | 140,549.26 | 0.3977 | 0.0009 | 10/31/2025 |
| 8 | MBH EMEA Reszveny Alap | 3,872 | 0 | 38,278.59 | 1.218 | 0.0002 | 12/31/2023 |
| 9 | Gaf FIM Credito Privado Investimento No Exterior | 3,820 | 0 | 37,764.52 | 0.4732 | 0.0002 | 06/30/2025 |
| 10 | Kinetics Market Opportunities Portfolio | 2,455 | 2,455 | 24,270.13 | 0.0106 | 0.0002 | 06/30/2025 |
| 11 | Kinetics Global Portfolio | 736 | 736 | 7,276.1 | 0.0139 | 0 | 06/30/2025 |
| 12 | Kinetics Spin-off & Corporate Restructuring Fund (The) | 22 | 22 | 217.49 | 0.0007 | 0 | 06/30/2025 |
| 13 | RENN Fund Inc. | 1 | 1 | 9.89 | 0 | 0 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | PSG Asset Management (Pty) Ltd. | 3,363,606 | 3,363,606 | 33,252,608.92 | 1.2035 | 0.2112 | 09/30/2025 |
| 2 | INFIBA Vermogensverwaltungs AG (Liechtenstein) | 64,564 | 31,964 | 638,279.7 | 1.3325 | 0.0041 | 06/30/2025 |
| 3 | Causeway Capital Management LLC | 14,319 | 14,319 | 141,557.63 | 0.0003 | 0.0009 | 10/31/2025 |
| 4 | Corient IA LLC | 12,279 | 12,279 | 121,390.19 | 0.0702 | 0.0008 | 06/30/2025 |
| 5 | Tuttle Capital Management LLC | 14,217 | 11,494 | 140,549.26 | 0.0121 | 0.0009 | 10/31/2025 |
| 6 | RhumbLine Advisers LP | 8,488 | 8,488 | 83,912.37 | 0.0001 | 0.0005 | 06/30/2025 |
| 7 | GAMMA Investing LLC | 9,055 | 4,794 | 89,517.73 | 0.0049 | 0.0006 | 09/30/2025 |
| 8 | Horizon Kinetics Asset Management LLC | 3,214 | 3,214 | 31,773.6 | 0.0004 | 0.0002 | 06/30/2025 |
| 9 | ORG Partners LLC | 600 | 600 | 5,931.6 | 0.0011 | 0 | 09/30/2025 |
| 10 | FNY Investment Advisers LLC | 500 | 500 | 4,943 | 0.0021 | 0 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | AGF Investments, Inc. | 0 | -100,820 | 0 | 0 | 0 | |
| 2 | Yousif Capital Management LLC | 0 | -24,559 | 0 | 0 | 0 | |
| 3 | Goehring & Rozencwajg Associates LLC | 1,413,889 | -13,766 | 13,977,706.65 | 1.4592 | 0.0888 | 08/31/2025 |
Data provided by FactSet Research Systems Inc.