| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Dodge & Cox | 84,794,670 | -10,229,165 | 1,093,851,243 | 0.4223 | 5.6016 | 12/31/2025 |
| 2 | Orbis Investment Management Ltd. | 36,132,733 | 9,832,214 | 466,112,255.7 | 1.0574 | 2.387 | 12/31/2025 |
| 3 | Acadian Asset Management LLC | 22,696,400 | 22,142,523 | 292,783,560 | 0.398 | 1.4994 | 12/31/2025 |
| 4 | Fidelity Management & Research Co. LLC | 22,626,361 | -29,048,598 | 291,880,056.9 | 0.0158 | 1.4947 | 12/31/2025 |
| 5 | T. Rowe Price Hong Kong Ltd. | 20,769,708 | 20,769,708 | 267,929,233.2 | 0.9485 | 1.3721 | 12/31/2025 |
| 6 | Schroder Investment Management Ltd. | 17,680,170 | 17,680,170 | 228,074,193 | 0.0866 | 1.168 | 12/31/2025 |
| 7 | Wellington Management Co. LLP | 17,385,486 | 14,322,568 | 224,272,769.4 | 0.0356 | 1.1485 | 12/31/2025 |
| 8 | PointState Capital LP | 17,283,246 | -2,691,655 | 222,953,873.4 | 4.017 | 1.1418 | 12/31/2025 |
| 9 | Brandes Investment Partners LP | 12,852,316 | -19,795,847 | 165,794,876.4 | 0.6259 | 0.849 | 12/31/2025 |
| 10 | FIAM LLC | 12,612,249 | -7,991,973 | 162,698,012.1 | 0.0769 | 0.8332 | 12/31/2025 |
| 11 | Robeco Institutional Asset Management BV | 12,328,806 | 5,601,687 | 159,041,597.4 | 0.1371 | 0.8145 | 12/31/2025 |
| 12 | Dimensional Fund Advisors LP | 11,051,721 | 558,257 | 142,567,200.9 | 0.0195 | 0.7301 | 12/31/2025 |
| 13 | Itau USA Asset Management, Inc. | 10,857,832 | 10,857,832 | 140,066,032.8 | 2.1216 | 0.7173 | 12/31/2025 |
| 14 | Hill City Capital LP | 10,802,750 | 6,550,250 | 139,355,475 | 4.6004 | 0.7136 | 12/31/2025 |
| 15 | J.O. Hambro Capital Management Ltd. | 8,866,448 | -273,472 | 114,377,179.2 | 0.6654 | 0.5857 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Dodge & Cox International Stock Fund | 70,890,135 | -2,398,600 | 914,482,741.5 | 1.3731 | 4.6831 | 12/31/2025 |
| 2 | Orbis SICAV - International Equity Fund | 11,510,356 | 0 | 148,483,592.4 | 3.2778 | 0.7604 | 06/30/2025 |
| 3 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 10,062,600 | -6,657,200 | 129,807,540 | 0.4408 | 0.6647 | 12/31/2025 |
| 4 | Redwheel Emerging Markets Equity Fund Ltd. | 7,388,367 | 0 | 95,309,934.3 | 2.3165 | 0.4881 | 06/28/2024 |
| 5 | T. Rowe Price Emerging Markets Discovery Stock Fund | 7,198,432 | 7,198,432 | 92,859,772.8 | 1.5203 | 0.4755 | 12/31/2025 |
| 6 | DWS Invest - Latin American Equities | 5,778,382 | 3,663,852 | 74,541,127.8 | 2.7879 | 0.3817 | 12/30/2025 |
| 7 | Orbis SICAV - Global Balanced Fund | 5,175,188 | 0 | 66,759,925.2 | 1.1455 | 0.3419 | 06/30/2025 |
| 8 | Strategic Advisers Fidelity Emerging Markets Fund | 5,153,192 | -3,416,608 | 66,476,176.8 | 0.1768 | 0.3404 | 12/31/2025 |
| 9 | Dodge & Cox Global Stock Fund | 5,109,400 | -4,523,300 | 65,911,260 | 0.502 | 0.3375 | 12/31/2025 |
| 10 | Macquarie Emerging Markets Fund | 5,100,000 | 0 | 65,790,000 | 0.6048 | 0.3369 | 12/31/2025 |
| 11 | Fidelity Series Emerging Markets Fund | 4,760,760 | 2,127,660 | 61,413,804 | 0.839 | 0.3145 | 12/31/2025 |
| 12 | Dodge & Cox Worldwide Funds - Global Stock Fund | 4,330,830 | -545,170 | 55,867,707 | 0.7691 | 0.2861 | 09/30/2025 |
| 13 | Deka - GlobalChampions | 4,000,000 | 0 | 51,600,000 | 0.3522 | 0.2642 | 05/31/2025 |
| 14 | UBS Investment Funds ICVC - Global Emerging Markets Equity | 3,880,726 | 209,537 | 50,061,365.4 | 3.035 | 0.2564 | 10/31/2025 |
| 15 | JOHCM Emerging Markets Opportunities Fund | 3,879,646 | -30,300 | 50,047,433.4 | 3.1174 | 0.2563 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Acadian Asset Management LLC | 22,696,400 | 22,142,523 | 292,783,560 | 0.398 | 1.4994 | 12/31/2025 |
| 2 | T. Rowe Price Hong Kong Ltd. | 20,769,708 | 20,769,708 | 267,929,233.2 | 0.9485 | 1.3721 | 12/31/2025 |
| 3 | Schroder Investment Management Ltd. | 17,680,170 | 17,680,170 | 228,074,193 | 0.0866 | 1.168 | 12/31/2025 |
| 4 | Wellington Management Co. LLP | 17,385,486 | 14,322,568 | 224,272,769.4 | 0.0356 | 1.1485 | 12/31/2025 |
| 5 | Itau USA Asset Management, Inc. | 10,857,832 | 10,857,832 | 140,066,032.8 | 2.1216 | 0.7173 | 12/31/2025 |
| 6 | Orbis Investment Management Ltd. | 36,132,733 | 9,832,214 | 466,112,255.7 | 1.0574 | 2.387 | 12/31/2025 |
| 7 | Corvex Management LP | 8,600,275 | 8,600,275 | 110,943,547.5 | 3.6998 | 0.5681 | 12/31/2025 |
| 8 | Blackstone Alternative Solutions LLC | 7,150,000 | 7,150,000 | 92,235,000 | 8.0572 | 0.4723 | 12/31/2025 |
| 9 | Hill City Capital LP | 10,802,750 | 6,550,250 | 139,355,475 | 4.6004 | 0.7136 | 12/31/2025 |
| 10 | WCM Investment Management LLC | 6,037,845 | 6,037,845 | 77,888,200.5 | 0.0951 | 0.3989 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fidelity Management & Research Co. LLC | 22,626,361 | -29,048,598 | 291,880,056.9 | 0.0158 | 1.4947 | 12/31/2025 |
| 2 | UBS Asset Management (Americas) LLC | 1,914 | -26,225,586 | 24,690.6 | 0 | 0.0001 | 12/31/2025 |
| 3 | Lazard Asset Management LLC | 3,538,511 | -22,644,680 | 45,646,791.9 | 0.0382 | 0.2338 | 12/31/2025 |
| 4 | Brandes Investment Partners LP | 12,852,316 | -19,795,847 | 165,794,876.4 | 0.6259 | 0.849 | 12/31/2025 |
| 5 | Dodge & Cox | 84,794,670 | -10,229,165 | 1,093,851,243 | 0.4223 | 5.6016 | 12/31/2025 |
| 6 | Oaktree Capital Management LP | 5,749,324 | -9,089,708 | 74,166,279.6 | 0.8925 | 0.3798 | 12/31/2025 |
| 7 | UBS Asset Management (UK) Ltd. | 0 | -8,781,739 | 0 | 0 | 0 | |
| 8 | FIAM LLC | 12,612,249 | -7,991,973 | 162,698,012.1 | 0.0769 | 0.8332 | 12/31/2025 |
| 9 | Antipodes Partners Ltd. | 0 | -6,018,838 | 0 | 0 | 0 | |
| 10 | Loomis, Sayles & Co. LP | 0 | -4,877,485 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.