| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Kopernik Global Investors LLC | 2,392,876 | 396,741 | 22,780,179.52 | 0.3886 | 3.9548 | 06/30/2025 |
| 2 | Macquarie Investment Management Business Trust | 2,218,377 | -3,340 | 21,118,949.04 | 0.0214 | 3.6664 | 06/30/2025 |
| 3 | GMT Capital Corp. | 1,569,608 | 543,213 | 14,942,668.16 | 0.402 | 2.5942 | 06/30/2025 |
| 4 | Global X Management Co. LLC | 1,024,749 | -13,587 | 9,755,610.48 | 0.0135 | 1.6937 | 06/30/2025 |
| 5 | 683 Capital Management LLC | 889,000 | 59,000 | 8,463,280 | 0.6708 | 1.4693 | 06/30/2025 |
| 6 | Hosking Partners LLP | 641,352 | -15,682 | 6,105,671.04 | 0.1813 | 1.06 | 06/30/2025 |
| 7 | VR Advisory Services (USA) LLC | 416,109 | 0 | 3,961,357.68 | 1.1373 | 0.6877 | 06/30/2025 |
| 8 | Helikon Investments Ltd. | 395,181 | 69,317 | 3,762,123.12 | 0.0687 | 0.6531 | 06/30/2025 |
| 9 | Systrade AG | 366,652 | 191,740 | 3,490,527.04 | 2.5601 | 0.606 | 09/30/2025 |
| 10 | Glenorchy Capital Ltd. | 342,366 | -7,602 | 3,259,324.32 | 2.2518 | 0.5658 | 06/30/2025 |
| 11 | Renta 4 Gestora SGIIC SA | 191,210 | 191,210 | 1,820,319.2 | 0.1292 | 0.316 | 06/30/2025 |
| 12 | Modern Capital Management Co. | 173,365 | -6,930 | 1,650,434.8 | 2.1677 | 0.2865 | 06/30/2025 |
| 13 | NexPoint Asset Management LP | 169,419 | 0 | 1,612,868.88 | 0.1931 | 0.28 | 06/30/2025 |
| 14 | Ping Capital Management, Inc. | 160,800 | 300 | 1,530,816 | 0.9629 | 0.2658 | 06/30/2025 |
| 15 | Crocodile Capital Partners GmbH | 142,563 | 62,563 | 1,357,199.76 | 0.5063 | 0.2356 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Macquarie Emerging Markets Fund | 1,676,544 | 0 | 15,960,698.88 | 0.1952 | 2.7709 | 08/29/2025 |
| 2 | Kopernik Global All Cap Fund | 1,381,460 | 464,960 | 13,151,499.2 | 0.4151 | 2.2832 | 08/31/2025 |
| 3 | Heptagon Fund ICAV - Kopernik Global All-Cap Equity Fund | 895,011 | 288,368 | 8,520,504.72 | 0.4149 | 1.4792 | 08/29/2025 |
| 4 | Global X MSCI Argentina ETF | 780,839 | -257,497 | 7,433,587.28 | 1.1687 | 1.2905 | 09/30/2025 |
| 5 | Macquarie VIP Emerging Markets Series | 294,024 | 0 | 2,799,108.48 | 0.329 | 0.486 | 08/29/2025 |
| 6 | Avantage Fund, FI | 191,210 | 191,210 | 1,820,319.2 | 1.4866 | 0.316 | 06/30/2025 |
| 7 | Modern Capital Tactical Income Fund | 173,365 | -6,930 | 1,650,434.8 | 2.0092 | 0.2865 | 06/30/2025 |
| 8 | White Fleet II SICAV - SGVP Global Value Equity Fund | 130,000 | 0 | 1,237,600 | 1.1733 | 0.2149 | 06/30/2025 |
| 9 | ART Global Macro | 120,000 | 60,000 | 1,142,400 | 0.8246 | 0.1983 | 04/30/2025 |
| 10 | Warburg Value Fund | 120,000 | 0 | 1,142,400 | 1.04 | 0.1983 | 05/30/2025 |
| 11 | Kopernik Global Collective Investment Trust - Global All Cap | 104,920 | 25,706 | 998,838.4 | 0.5145 | 0.1734 | 08/31/2025 |
| 12 | Lasixx Fund - Forte | 100,000 | 0 | 952,000 | 0.9063 | 0.1653 | 08/29/2025 |
| 13 | iShares Global Agriculture Index ETF | 93,335 | 6,272 | 888,549.2 | 0.5201 | 0.1543 | 09/30/2025 |
| 14 | St. James Place Unit Trust - Global Smaller Companies | 80,000 | 0 | 761,600 | 0.0167 | 0.1322 | 03/31/2025 |
| 15 | TIFF Multi Asset Fund | 62,360 | 7,204 | 593,667.2 | 0.0408 | 0.1031 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | GMT Capital Corp. | 1,569,608 | 543,213 | 14,942,668.16 | 0.402 | 2.5942 | 06/30/2025 |
| 2 | Kopernik Global Investors LLC | 2,392,876 | 396,741 | 22,780,179.52 | 0.3886 | 3.9548 | 06/30/2025 |
| 3 | Systrade AG | 366,652 | 191,740 | 3,490,527.04 | 2.5601 | 0.606 | 09/30/2025 |
| 4 | Renta 4 Gestora SGIIC SA | 191,210 | 191,210 | 1,820,319.2 | 0.1292 | 0.316 | 06/30/2025 |
| 5 | Point72 Asset Management LP | 92,900 | 72,700 | 884,408 | 0.0016 | 0.1535 | 06/30/2025 |
| 6 | Helikon Investments Ltd. | 395,181 | 69,317 | 3,762,123.12 | 0.0687 | 0.6531 | 06/30/2025 |
| 7 | Crocodile Capital Partners GmbH | 142,563 | 62,563 | 1,357,199.76 | 0.5063 | 0.2356 | 09/30/2025 |
| 8 | Third Year GmbH (Investment Mgmt) | 120,000 | 60,000 | 1,142,400 | 1.2667 | 0.1983 | 04/30/2025 |
| 9 | 683 Capital Management LLC | 889,000 | 59,000 | 8,463,280 | 0.6708 | 1.4693 | 06/30/2025 |
| 10 | Millennium Management LLC | 56,328 | 56,328 | 536,242.56 | 0.0004 | 0.0931 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | UBS Securities LLC | 123,467 | -157,350 | 1,175,405.84 | 0.0005 | 0.2041 | 06/30/2025 |
| 2 | BNP Paribas Financial Markets | 26,714 | -142,176 | 254,317.28 | 0.0002 | 0.0442 | 06/30/2025 |
| 3 | B. Riley Wealth Advisors, Inc. | 0 | -141,900 | 0 | 0 | 0 | |
| 4 | UBS Switzerland AG (Investment Management) | 127,750 | -48,450 | 1,216,180 | 0.0028 | 0.2111 | 06/30/2025 |
| 5 | Susquehanna Financial Group LLLP | 0 | -34,651 | 0 | 0 | 0 | |
| 6 | Mirabella Financial Services LLP | 15,903 | -29,097 | 151,396.56 | 0.013 | 0.0263 | 06/30/2025 |
| 7 | Allianz Global Investors GmbH | 0 | -24,000 | 0 | 0 | 0 | |
| 8 | Russell Investment Management LLC | 83,514 | -23,795 | 795,053.28 | 0.0008 | 0.138 | 06/30/2025 |
| 9 | Brown Brothers Harriman & Co. (Investment Management) | 0 | -20,640 | 0 | 0 | 0 | |
| 10 | Allianz Global Investors UK Ltd. | 0 | -19,639 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.