| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Helikon Investments Ltd. | 4,906,222 | 763,733 | 71,827,090.08 | 0.7841 | 5.7527 | 06/30/2026 |
| 2 | VR Advisory Services (USA) LLC | 2,670,087 | 0 | 39,090,073.68 | 3.3133 | 3.1308 | 06/30/2026 |
| 3 | Nomura Investment Management Business Trust | 2,131,783 | -38,918 | 31,209,303.12 | 0.0362 | 2.4996 | 06/30/2026 |
| 4 | JPMorgan Securities LLC (Investment Management) | 915,870 | -7,928 | 13,408,336.8 | 0.0061 | 1.0739 | 06/30/2026 |
| 5 | Global X Management Co. LLC | 914,713 | 251,411 | 13,391,398.32 | 0.0123 | 1.0725 | 06/30/2026 |
| 6 | Orbis Investment Management Ltd. | 901,355 | 901,355 | 13,195,837.2 | 0.0287 | 1.0569 | 06/30/2026 |
| 7 | Renta 4 Gestora SGIIC SA | 268,637 | 42,166 | 3,932,845.68 | 0.2741 | 0.315 | 06/30/2026 |
| 8 | Brevan Howard Asset Management LLP | 253,556 | -142,521 | 3,712,059.84 | 0.0358 | 0.2973 | 06/30/2026 |
| 9 | RWC Asset Management LLP | 155,815 | 0 | 2,281,131.6 | 0.0198 | 0.1827 | 06/30/2026 |
| 10 | UBS Securities LLC | 145,265 | 140,958 | 2,126,679.6 | 0.0008 | 0.1703 | 06/30/2026 |
| 11 | Dauntless Investment Group LLC | 126,542 | 126,542 | 1,852,574.88 | 3.8899 | 0.1484 | 06/30/2026 |
| 12 | Systrade AG | 119,780 | 0 | 1,753,579.2 | 1.0383 | 0.1404 | 06/30/2026 |
| 13 | Ping Capital Management, Inc. | 119,551 | 22,903 | 1,750,226.64 | 0.5663 | 0.1402 | 06/30/2026 |
| 14 | Secure Asset Management LLC | 92,154 | 29,777 | 1,349,134.56 | 0.186 | 0.1081 | 06/30/2026 |
| 15 | Kopernik Global Investors LLC | 85,360 | -6 | 1,249,670.4 | 0.0173 | 0.1001 | 06/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Nomura Emerging Markets Fund | 1,751,834 | 0 | 25,646,849.76 | 0.1993 | 2.0541 | 06/30/2026 |
| 2 | Global X MSCI Argentina ETF | 882,937 | 165,700 | 12,926,197.68 | 1.6038 | 1.0353 | 07/31/2026 |
| 3 | Avantage Fund, FI | 244,735 | 18,264 | 3,582,920.4 | 2.3389 | 0.287 | 06/30/2026 |
| 4 | Nomura VIP Emerging Markets Series | 194,351 | 0 | 2,845,298.64 | 0.2399 | 0.2279 | 06/30/2026 |
| 5 | State Board of Administration of Florida Retirement System | 86,150 | 0 | 1,261,236 | 0.001 | 0.101 | 12/31/2025 |
| 6 | Eaton Vance Emerging & Frontier Countries Equity Fund | 60,072 | 0 | 879,454.08 | 0.0217 | 0.0704 | 06/30/2026 |
| 7 | Eaton Vance Global Macro Capital Opportunities Portfolio | 60,072 | 0 | 879,454.08 | 0.0226 | 0.0704 | 04/30/2026 |
| 8 | ART Global Macro | 51,216 | 1,216 | 749,802.24 | 0.5455 | 0.0601 | 04/30/2026 |
| 9 | Modern Capital Tactical Income Fund | 41,381 | -109,144 | 605,817.84 | 0.8536 | 0.0485 | 03/31/2026 |
| 10 | Eaton Vance Global Macro Absolute Return Advantage Portfolio | 39,106 | 15,100 | 572,511.84 | 0.0302 | 0.0459 | 04/30/2026 |
| 11 | Kopernik Global All Cap Fund | 38,774 | 0 | 567,651.36 | 0.0169 | 0.0455 | 06/30/2026 |
| 12 | Crocodile Capital - 1 Global Focus | 36,217 | 0 | 530,216.88 | 0.2085 | 0.0425 | 06/30/2025 |
| 13 | ActivePassive International Equity ETF | 32,273 | 3,917 | 472,476.72 | 0.0409 | 0.0378 | 07/31/2026 |
| 14 | Avantage Pure Equity FI | 26,888 | -3,655 | 393,640.32 | 3.4169 | 0.0315 | 06/30/2026 |
| 15 | Heptagon Fund ICAV - Kopernik Global All-Cap Equity Fund | 26,611 | 0 | 389,585.04 | 0.013 | 0.0312 | 06/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Orbis Investment Management Ltd. | 901,355 | 901,355 | 13,195,837.2 | 0.0287 | 1.0569 | 06/30/2026 |
| 2 | Helikon Investments Ltd. | 4,906,222 | 763,733 | 71,827,090.08 | 0.7841 | 5.7527 | 06/30/2026 |
| 3 | Global X Management Co. LLC | 914,713 | 251,411 | 13,391,398.32 | 0.0123 | 1.0725 | 06/30/2026 |
| 4 | UBS Securities LLC | 145,265 | 140,958 | 2,126,679.6 | 0.0008 | 0.1703 | 06/30/2026 |
| 5 | Dauntless Investment Group LLC | 126,542 | 126,542 | 1,852,574.88 | 3.8899 | 0.1484 | 06/30/2026 |
| 6 | PRAETORIAN PR LLC | 85,000 | 85,000 | 1,244,400 | 0.3875 | 0.0997 | 06/30/2026 |
| 7 | Stonehill Capital Management LLC | 80,673 | 80,673 | 1,181,052.72 | 0.271 | 0.0946 | 06/30/2026 |
| 8 | CenterBook Partners LP | 78,651 | 78,651 | 1,151,450.64 | 0.0557 | 0.0922 | 06/30/2026 |
| 9 | OceanIQ Capital LLC | 66,588 | 66,588 | 974,848.32 | 0.5787 | 0.0781 | 06/30/2026 |
| 10 | Renta 4 Gestora SGIIC SA | 268,637 | 42,166 | 3,932,845.68 | 0.2741 | 0.315 | 06/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | BNP Paribas Financial Markets SNC | 0 | -601,369 | 0 | 0 | 0 | |
| 2 | Arrowstreet Capital LP | 0 | -221,712 | 0 | 0 | 0 | |
| 3 | 683 Capital Management LLC | 0 | -155,000 | 0 | 0 | 0 | |
| 4 | Brevan Howard Asset Management LLP | 253,556 | -142,521 | 3,712,059.84 | 0.0358 | 0.2973 | 06/30/2026 |
| 5 | Modern Capital Management Co. | 41,381 | -109,144 | 605,817.84 | 0.898 | 0.0485 | 03/31/2026 |
| 6 | Polen Capital Management LLC | 0 | -102,911 | 0 | 0 | 0 | |
| 7 | Morgan Stanley & Co. International Plc | 38,323 | -76,870 | 561,048.72 | 0.004 | 0.0449 | 06/30/2026 |
| 8 | Citadel Securities LLC | 0 | -60,516 | 0 | 0 | 0 | |
| 9 | Mirabella Financial Services LLP | 0 | -44,104 | 0 | 0 | 0 | |
| 10 | Nomura Investment Management Business Trust | 2,131,783 | -38,918 | 31,209,303.12 | 0.0362 | 2.4996 | 06/30/2026 |
Data provided by FactSet Research Systems Inc.