| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Aquamarine Financial (Cayman) Ltd. | 156,848,134 | 8,177,336 | 566,221,763.74 | 38.1653 | 2.966 | 03/31/2026 |
| 2 | Arrowstreet Capital LP | 79,507,406 | -2,655,854 | 287,021,735.66 | 0.1309 | 1.5035 | 03/31/2026 |
| 3 | Wellington Management Co. LLP | 75,933,266 | 1,006,126 | 274,119,090.26 | 0.0433 | 1.4359 | 03/31/2026 |
| 4 | ARGA Investment Management LP | 70,717,908 | -41,932,385 | 255,291,647.88 | 1.2404 | 1.3373 | 06/30/2026 |
| 5 | Massachusetts Financial Services Co. | 56,970,480 | -1,250,745 | 205,663,432.8 | 0.0632 | 1.0773 | 03/31/2026 |
| 6 | Fisher Asset Management LLC | 53,277,128 | 350,585 | 192,330,432.08 | 0.0564 | 1.0075 | 03/31/2026 |
| 7 | Itau USA Asset Management, Inc. | 49,057,171 | 2,189,476 | 177,096,387.31 | 2.7068 | 0.9277 | 03/31/2026 |
| 8 | Two Sigma Investments LP | 47,295,315 | 25,131,239 | 170,736,087.15 | 0.127 | 0.8944 | 03/31/2026 |
| 9 | Templeton Asset Management Ltd. | 46,668,358 | -471,208 | 168,472,772.38 | 0.8101 | 0.8825 | 03/31/2026 |
| 10 | BlackRock Fund Advisors | 36,674,357 | 12,086,437 | 132,394,428.77 | 0.0025 | 0.6935 | 03/31/2026 |
| 11 | Baillie Gifford & Co. | 36,393,155 | -1,882,351 | 131,379,289.55 | 0.0792 | 0.6882 | 03/31/2026 |
| 12 | Goldman Sachs Asset Management LP | 32,411,685 | -19,161,207 | 117,006,182.85 | 0.0211 | 0.6129 | 03/31/2026 |
| 13 | Jane Street Capital LLC | 26,958,908 | 24,593,959 | 97,321,657.88 | 0.0881 | 0.5098 | 03/31/2026 |
| 14 | EARNEST Partners LLC | 22,755,917 | -677,083 | 82,148,860.37 | 0.2701 | 0.4303 | 03/31/2026 |
| 15 | Merrill Lynch International (Investment Management) | 22,350,690 | 21,030,006 | 80,685,990.9 | 0.2943 | 0.4227 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Hartford International Value Fund (The) | 37,224,853 | 1,675,655 | 134,381,719.33 | 0.8406 | 0.7039 | 06/30/2026 |
| 2 | iShares Tr. - Latin America 40 ETF | 31,509,212 | -1,019,704 | 113,748,255.32 | 2.9297 | 0.5958 | 06/30/2026 |
| 3 | St. James's Place Unit Trust - Emerging Markets Equity | 21,515,709 | 0 | 77,671,709.49 | 0.5802 | 0.4069 | 09/30/2025 |
| 4 | DWS Invest - Latin American Equities | 18,093,960 | -596,563 | 65,319,195.6 | 2.4861 | 0.3422 | 05/29/2026 |
| 5 | Baillie Gifford Emerging Markets Equities Fund | 15,905,365 | -1,313,463 | 57,418,367.65 | 0.6867 | 0.3008 | 06/30/2026 |
| 6 | Templeton Emerging Markets Investment Trust Plc | 15,755,350 | 0 | 56,876,813.5 | 1.315 | 0.2979 | 05/31/2026 |
| 7 | Vanguard Global Capital Cycles Fund | 15,470,976 | -2,281,020 | 55,850,223.36 | 1.4484 | 0.2926 | 04/30/2026 |
| 8 | MFS Research International Fund | 15,230,888 | -23,413,200 | 54,983,505.68 | 0.3211 | 0.288 | 06/30/2026 |
| 9 | Nomura Emerging Markets Fund | 15,000,000 | -1,200,000 | 54,150,000 | 0.4187 | 0.2837 | 05/29/2026 |
| 10 | Avantis Emerging Markets Equity ETF | 11,480,186 | 2,241,776 | 41,443,471.46 | 0.1689 | 0.2171 | 06/30/2026 |
| 11 | Skyline Umb. Fd. ICAV - ARGA Emerging Market Equity Fund | 10,034,991 | 0 | 36,226,317.51 | 2.0213 | 0.1898 | 10/31/2025 |
| 12 | MFS International New Discovery Fund | 9,904,827 | -219,227 | 35,756,425.47 | 0.4492 | 0.1873 | 06/30/2026 |
| 13 | Vanguard International Value Fund | 9,241,852 | -2,634,239 | 33,363,085.72 | 0.2945 | 0.1748 | 04/30/2026 |
| 14 | State Street SPDR Portfolio Emerging Markets ETF | 8,792,289 | -697,750 | 31,740,163.29 | 0.1839 | 0.1663 | 06/30/2026 |
| 15 | GS Funds - Emerging Markets CORE Equity Portfolio | 8,563,089 | -4,179,011 | 30,912,751.29 | 0.7069 | 0.1619 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Two Sigma Investments LP | 47,295,315 | 25,131,239 | 170,736,087.15 | 0.127 | 0.8944 | 03/31/2026 |
| 2 | Jane Street Capital LLC | 26,958,908 | 24,593,959 | 97,321,657.88 | 0.0881 | 0.5098 | 03/31/2026 |
| 3 | Merrill Lynch International (Investment Management) | 22,350,690 | 21,030,006 | 80,685,990.9 | 0.2943 | 0.4227 | 03/31/2026 |
| 4 | Edward D. Jones & Co. LP (Investment Management) | 16,575,297 | 16,547,930 | 59,836,822.17 | 0.0252 | 0.3134 | 03/31/2026 |
| 5 | Vanguard Capital Management LLC | 12,481,466 | 12,481,466 | 45,058,092.26 | 0.0008 | 0.236 | 03/31/2026 |
| 6 | BlackRock Fund Advisors | 36,674,357 | 12,086,437 | 132,394,428.77 | 0.0025 | 0.6935 | 03/31/2026 |
| 7 | JPMorgan Securities LLC (Investment Management) | 13,935,357 | 11,632,006 | 50,306,638.77 | 0.0236 | 0.2635 | 03/31/2026 |
| 8 | BAMCO, Inc. | 10,083,509 | 10,083,509 | 36,401,467.49 | 0.0919 | 0.1907 | 03/31/2026 |
| 9 | Aquamarine Financial (Cayman) Ltd. | 156,848,134 | 8,177,336 | 566,221,763.74 | 38.1653 | 2.966 | 03/31/2026 |
| 10 | SPX Gestao de Recursos Ltda. | 11,051,974 | 7,614,725 | 39,897,626.14 | 1.3212 | 0.209 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Acadian Asset Management LLC | 11,058,857 | -44,492,221 | 39,922,473.77 | 0.0423 | 0.2091 | 03/31/2026 |
| 2 | ARGA Investment Management LP | 70,717,908 | -41,932,385 | 255,291,647.88 | 1.2404 | 1.3373 | 06/30/2026 |
| 3 | Two Sigma Advisers LP | 0 | -22,115,920 | 0 | 0 | 0 | |
| 4 | Goldman Sachs Asset Management LP | 32,411,685 | -19,161,207 | 117,006,182.85 | 0.0211 | 0.6129 | 03/31/2026 |
| 5 | Marshall Wace LLP | 13,150,905 | -17,484,724 | 47,474,767.05 | 0.044 | 0.2487 | 03/31/2026 |
| 6 | Tredje AP-fonden (Investment Management) | 5,458,019 | -15,411,181 | 19,703,448.59 | 0.0834 | 0.1032 | 03/31/2026 |
| 7 | The Vanguard Group, Inc. | 0 | -12,827,024 | 0 | 0 | 0 | |
| 8 | Carrhae Capital LLP | 4,484,271 | -11,701,133 | 16,188,218.31 | 1.053 | 0.0848 | 06/30/2026 |
| 9 | Russell Investment Management LLC | 11,176,694 | -9,515,666 | 40,347,865.34 | 0.034 | 0.2114 | 03/31/2026 |
| 10 | Millennium Management LLC | 1,072,215 | -6,524,373 | 3,870,696.15 | 0.0026 | 0.0203 | 03/31/2026 |
Data provided by FactSet Research Systems Inc.