| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Helikon Investments Ltd. | 4,428,706 | 286,217 | 70,017,841.86 | 0.9301 | 5.1928 | 03/31/2026 |
| 2 | VR Advisory Services (USA) LLC | 2,670,087 | 0 | 42,214,075.47 | 4.8031 | 3.1308 | 03/31/2026 |
| 3 | Nomura Investment Management Business Trust | 2,144,821 | -25,880 | 33,909,620.01 | 0.0396 | 2.5149 | 03/31/2026 |
| 4 | JPMorgan Securities LLC (Investment Management) | 934,141 | 10,343 | 14,768,769.21 | 0.0069 | 1.0953 | 03/31/2026 |
| 5 | Global X Management Co. LLC | 742,506 | 79,204 | 11,739,019.86 | 0.0113 | 0.8706 | 03/31/2026 |
| 6 | Orbis Investment Management Ltd. | 500,575 | 500,575 | 7,914,090.75 | 0.0185 | 0.5869 | 03/31/2026 |
| 7 | Brevan Howard Asset Management LLP | 333,556 | -62,521 | 5,273,520.36 | 0.0496 | 0.3911 | 03/31/2026 |
| 8 | Renta 4 Gestora SGIIC SA | 226,471 | 0 | 3,580,506.51 | 0.2518 | 0.2655 | 12/31/2025 |
| 9 | RWC Asset Management LLP | 155,815 | 0 | 2,463,435.15 | 0.0222 | 0.1827 | 03/31/2026 |
| 10 | Ping Capital Management, Inc. | 124,551 | 27,903 | 1,969,151.31 | 0.7666 | 0.146 | 03/31/2026 |
| 11 | Systrade AG | 119,780 | 0 | 1,893,721.8 | 1.1873 | 0.1404 | 03/31/2026 |
| 12 | Boston Management & Research | 101,638 | 15,100 | 1,606,896.78 | 0.0024 | 0.1192 | 03/31/2026 |
| 13 | Polen Capital Management LLC | 94,136 | -8,775 | 1,488,290.16 | 0.0094 | 0.1104 | 03/31/2026 |
| 14 | Secure Asset Management LLC | 90,954 | 28,577 | 1,437,982.74 | 0.2058 | 0.1066 | 03/31/2026 |
| 15 | Kopernik Global Investors LLC | 85,363 | -3 | 1,349,589.03 | 0.0221 | 0.1001 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Nomura Emerging Markets Fund | 1,751,834 | 0 | 27,696,495.54 | 0.1792 | 2.0541 | 05/29/2026 |
| 2 | Global X MSCI Argentina ETF | 914,713 | 251,411 | 14,461,612.53 | 1.7045 | 1.0725 | 06/30/2026 |
| 3 | Avantage Fund, FI | 226,471 | 0 | 3,580,506.51 | 2.497 | 0.2655 | 12/31/2025 |
| 4 | Nomura VIP Emerging Markets Series | 194,351 | 0 | 3,072,689.31 | 0.2095 | 0.2279 | 05/29/2026 |
| 5 | State Board of Administration of Florida Retirement System | 86,150 | 0 | 1,362,031.5 | 0.0011 | 0.101 | 12/31/2025 |
| 6 | Eaton Vance Emerging & Frontier Countries Equity Fund | 60,072 | 0 | 949,738.32 | 0.0241 | 0.0704 | 04/30/2026 |
| 7 | Eaton Vance Global Macro Capital Opportunities Portfolio | 60,072 | 1,569 | 949,738.32 | 0.0256 | 0.0704 | 01/31/2026 |
| 8 | ART Global Macro | 50,000 | 0 | 790,500 | 0.5464 | 0.0586 | 10/31/2025 |
| 9 | Modern Capital Tactical Income Fund | 41,381 | -109,144 | 654,233.61 | 0.9342 | 0.0485 | 03/31/2026 |
| 10 | Eaton Vance Global Macro Absolute Return Advantage Portfolio | 39,106 | 15,706 | 618,265.86 | 0.0328 | 0.0459 | 04/30/2026 |
| 11 | Kopernik Global All Cap Fund | 38,774 | 0 | 613,016.94 | 0.0194 | 0.0455 | 05/31/2026 |
| 12 | Crocodile Capital - 1 Global Focus | 36,217 | 0 | 572,590.77 | 0.2395 | 0.0425 | 06/30/2025 |
| 13 | Avantage Pure Equity FI | 30,543 | 0 | 482,884.83 | 3.8387 | 0.0358 | 12/31/2025 |
| 14 | Heptagon Fund ICAV - Kopernik Global All-Cap Equity Fund | 26,611 | 0 | 420,719.91 | 0.0172 | 0.0312 | 12/31/2025 |
| 15 | ActivePassive International Equity ETF | 22,676 | -5,602 | 358,507.56 | 0.0335 | 0.0266 | 06/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Orbis Investment Management Ltd. | 500,575 | 500,575 | 7,914,090.75 | 0.0185 | 0.5869 | 03/31/2026 |
| 2 | Helikon Investments Ltd. | 4,428,706 | 286,217 | 70,017,841.86 | 0.9301 | 5.1928 | 03/31/2026 |
| 3 | Global X Management Co. LLC | 742,506 | 79,204 | 11,739,019.86 | 0.0113 | 0.8706 | 03/31/2026 |
| 4 | Y-Intercept (Hong Kong) Ltd. | 43,909 | 43,909 | 694,201.29 | 0.0116 | 0.0515 | 03/31/2026 |
| 5 | Verde Servicos Internacionais SA | 40,000 | 40,000 | 632,400 | 0.1981 | 0.0469 | 03/31/2026 |
| 6 | UBS Securities LLC | 32,971 | 28,664 | 521,271.51 | 0.0002 | 0.0387 | 03/31/2026 |
| 7 | Secure Asset Management LLC | 90,954 | 28,577 | 1,437,982.74 | 0.2058 | 0.1066 | 03/31/2026 |
| 8 | Citadel Advisors LLC | 32,210 | 28,574 | 509,240.1 | 0.0005 | 0.0378 | 03/31/2026 |
| 9 | Ping Capital Management, Inc. | 124,551 | 27,903 | 1,969,151.31 | 0.7666 | 0.146 | 03/31/2026 |
| 10 | Absolute Gestao de Investimentos Ltda. | 25,000 | 25,000 | 395,250 | 0.0285 | 0.0293 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | BNP Paribas Financial Markets SNC | 280 | -601,089 | 4,426.8 | 0 | 0.0003 | 03/31/2026 |
| 2 | Arrowstreet Capital LP | 70,930 | -150,782 | 1,121,403.3 | 0.0005 | 0.0832 | 03/31/2026 |
| 3 | Modern Capital Management Co. | 41,381 | -109,144 | 654,233.61 | 0.9835 | 0.0485 | 03/31/2026 |
| 4 | 683 Capital Management LLC | 70,000 | -85,000 | 1,106,700 | 0.0851 | 0.0821 | 03/31/2026 |
| 5 | Brevan Howard Asset Management LLP | 333,556 | -62,521 | 5,273,520.36 | 0.0496 | 0.3911 | 03/31/2026 |
| 6 | Citadel Securities LLC | 0 | -60,516 | 0 | 0 | 0 | |
| 7 | Morgan Stanley & Co. International Plc | 58,500 | -56,693 | 924,885 | 0.0077 | 0.0686 | 03/31/2026 |
| 8 | Goldman Sachs & Co. LLC (Private Banking) | 65,174 | -43,412 | 1,030,400.94 | 0.0003 | 0.0764 | 03/31/2026 |
| 9 | Acadian Asset Management LLC | 0 | -29,717 | 0 | 0 | 0 | |
| 10 | Nomura Investment Management Business Trust | 2,144,821 | -25,880 | 33,909,620.01 | 0.0396 | 2.5149 | 03/31/2026 |
Data provided by FactSet Research Systems Inc.