| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Helikon Investments Ltd. | 4,428,706 | 1,004,729 | 59,388,947.46 | 0.8447 | 5.1928 | 03/31/2026 |
| 2 | VR Advisory Services (USA) LLC | 2,670,087 | 13,926 | 35,805,866.67 | 3.9421 | 3.1308 | 03/31/2026 |
| 3 | Nomura Investment Management Business Trust | 2,144,821 | -4,818 | 28,762,049.61 | 0.0382 | 2.5149 | 03/31/2026 |
| 4 | JPMorgan Securities LLC (Investment Management) | 934,141 | 17,312 | 12,526,830.81 | 0.006 | 1.0953 | 03/31/2026 |
| 5 | Global X Management Co. LLC | 742,506 | 96,090 | 9,957,005.46 | 0.0097 | 0.8706 | 03/31/2026 |
| 6 | Orbis Investment Management Ltd. | 500,575 | 500,575 | 6,712,710.75 | 0.0163 | 0.5869 | 03/31/2026 |
| 7 | Brevan Howard Asset Management LLP | 333,556 | 322,517 | 4,472,985.96 | 0.0418 | 0.3911 | 03/31/2026 |
| 8 | Renta 4 Gestora SGIIC SA | 226,471 | 74,101 | 3,036,976.11 | 0.2201 | 0.2655 | 12/31/2025 |
| 9 | RWC Asset Management LLP | 155,815 | 155,815 | 2,089,479.15 | 0.0196 | 0.1827 | 03/31/2026 |
| 10 | Modern Capital Management Co. | 150,525 | 22,827 | 2,018,540.25 | 2.8406 | 0.1765 | 12/31/2025 |
| 11 | Ping Capital Management, Inc. | 124,551 | 31,351 | 1,670,228.91 | 0.6688 | 0.146 | 03/31/2026 |
| 12 | Systrade AG | 119,780 | 9,780 | 1,606,249.8 | 1.0663 | 0.1404 | 03/31/2026 |
| 13 | Boston Management & Research | 101,638 | -26,650 | 1,362,965.58 | 0.0021 | 0.1192 | 03/31/2026 |
| 14 | Polen Capital Management LLC | 94,136 | -1,170 | 1,262,363.76 | 0.0079 | 0.1104 | 03/31/2026 |
| 15 | Secure Asset Management LLC | 90,954 | 16,630 | 1,219,693.14 | 0.1774 | 0.1066 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Nomura Emerging Markets Fund | 1,751,834 | 33,041 | 23,492,093.94 | 0.1694 | 2.0541 | 03/31/2026 |
| 2 | Global X MSCI Argentina ETF | 844,474 | 237,397 | 11,324,396.34 | 1.3052 | 0.9902 | 04/30/2026 |
| 3 | Avantage Fund, FI | 226,471 | 74,101 | 3,036,976.11 | 2.1744 | 0.2655 | 12/31/2025 |
| 4 | Nomura VIP Emerging Markets Series | 194,351 | 5,960 | 2,606,246.91 | 0.207 | 0.2279 | 03/31/2026 |
| 5 | Modern Capital Tactical Income Fund | 150,525 | 22,827 | 2,018,540.25 | 2.7245 | 0.1765 | 12/31/2025 |
| 6 | State Board of Administration of Florida Retirement System | 86,150 | -5,615 | 1,155,271.5 | 0.001 | 0.101 | 12/31/2025 |
| 7 | Eaton Vance Emerging & Frontier Countries Equity Fund | 60,072 | 1,569 | 805,565.52 | 0.0224 | 0.0704 | 03/31/2026 |
| 8 | Eaton Vance Global Macro Capital Opportunities Portfolio | 60,072 | 1,569 | 805,565.52 | 0.0234 | 0.0704 | 01/31/2026 |
| 9 | ART Global Macro | 50,000 | 0 | 670,500 | 0.477 | 0.0586 | 10/31/2025 |
| 10 | Kopernik Global All Cap Fund | 38,774 | 38,774 | 519,959.34 | 0.0153 | 0.0455 | 03/31/2026 |
| 11 | ActivePassive International Equity ETF | 38,363 | 15,555 | 514,447.83 | 0.0513 | 0.045 | 04/30/2026 |
| 12 | Crocodile Capital - 1 Global Focus | 36,217 | 0 | 485,669.97 | 0.1979 | 0.0425 | 06/30/2025 |
| 13 | Avantage Pure Equity FI | 30,543 | 12,618 | 409,581.63 | 3.357 | 0.0358 | 12/31/2025 |
| 14 | Heptagon Fund ICAV - Kopernik Global All-Cap Equity Fund | 26,611 | 26,611 | 356,853.51 | 0.0138 | 0.0312 | 12/31/2025 |
| 15 | Eaton Vance Global Macro Absolute Return Advantage Portfolio | 24,006 | 606 | 321,920.46 | 0.0363 | 0.0281 | 01/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Helikon Investments Ltd. | 4,428,706 | 1,004,729 | 59,388,947.46 | 0.8447 | 5.1928 | 03/31/2026 |
| 2 | Orbis Investment Management Ltd. | 500,575 | 500,575 | 6,712,710.75 | 0.0163 | 0.5869 | 03/31/2026 |
| 3 | Brevan Howard Asset Management LLP | 333,556 | 322,517 | 4,472,985.96 | 0.0418 | 0.3911 | 03/31/2026 |
| 4 | RWC Asset Management LLP | 155,815 | 155,815 | 2,089,479.15 | 0.0196 | 0.1827 | 03/31/2026 |
| 5 | Global X Management Co. LLC | 742,506 | 96,090 | 9,957,005.46 | 0.0097 | 0.8706 | 03/31/2026 |
| 6 | Kopernik Global Investors LLC | 85,363 | 85,363 | 1,144,717.83 | 0.0181 | 0.1001 | 03/31/2026 |
| 7 | Renta 4 Gestora SGIIC SA | 226,471 | 74,101 | 3,036,976.11 | 0.2201 | 0.2655 | 12/31/2025 |
| 8 | Y-Intercept (Hong Kong) Ltd. | 43,909 | 43,909 | 588,819.69 | 0.0106 | 0.0515 | 03/31/2026 |
| 9 | Verde Servicos Internacionais SA | 40,000 | 40,000 | 536,400 | 0.16 | 0.0469 | 03/31/2026 |
| 10 | Mirabella Financial Services LLP | 33,153 | 33,153 | 444,581.73 | 0.0278 | 0.0389 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | BNP Paribas Financial Markets | 280 | -504,000 | 3,754.8 | 0 | 0.0003 | 03/31/2026 |
| 2 | Millennium Management LLC | 0 | -386,440 | 0 | 0 | 0 | |
| 3 | 683 Capital Management LLC | 70,000 | -264,179 | 938,700 | 0.0801 | 0.0821 | 03/31/2026 |
| 4 | Marshall Wace LLP | 0 | -122,275 | 0 | 0 | 0 | |
| 5 | Arrowstreet Capital LP | 70,930 | -114,563 | 951,171.3 | 0.0004 | 0.0832 | 03/31/2026 |
| 6 | Banco BTG Pactual SA (Investment Management) | 0 | -109,912 | 0 | 0 | 0 | |
| 7 | Morgan Stanley & Co. International Plc | 58,500 | -83,287 | 784,485 | 0.0065 | 0.0686 | 03/31/2026 |
| 8 | Jane Street Capital LLC | 0 | -82,563 | 0 | 0 | 0 | |
| 9 | Walleye Capital LLC | 0 | -52,812 | 0 | 0 | 0 | |
| 10 | Cubist Systematic Strategies LLC | 0 | -41,929 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.