| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goehring & Rozencwajg Associates LLC | 1,460,787 | 0 | 23,433,070.04 | 1.3418 | 0.1615 | 11/30/2025 |
| 2 | Franklin Advisers, Inc. | 864,100 | -125,000 | 13,861,374.6 | 0.0062 | 0.0955 | 01/31/2026 |
| 3 | Newton Investment Management North America LLC | 791,237 | -549,561 | 12,692,550 | 0.0254 | 0.0875 | 01/30/2026 |
| 4 | US Global Investors, Inc. (Asset Management) | 308,840 | 50,000 | 4,954,226.28 | 0.3349 | 0.0341 | 12/31/2025 |
| 5 | Konwave AG | 250,000 | 50,000 | 4,010,350.25 | 0.0937 | 0.0276 | 11/28/2025 |
| 6 | Principal Global Investors LLC | 93,113 | -121,222 | 1,493,662.97 | 0.0007 | 0.0103 | 01/31/2026 |
| 7 | AzValor Asset Management SGIIC SA | 69,910 | -7,654 | 1,121,454.34 | 0.0344 | 0.0077 | 12/31/2025 |
| 8 | Sarmaya Partners LLC | 58,211 | 51,655 | 933,785.99 | 2.1769 | 0.0064 | 02/27/2026 |
| 9 | Ampega Investment GmbH | 50,100 | 21,100 | 803,674.19 | 0.0159 | 0.0055 | 01/30/2026 |
| 10 | Causeway Capital Management LLC | 47,672 | 20,364 | 764,725.67 | 0.0016 | 0.0053 | 02/27/2026 |
| 11 | DWS Investment GmbH | 47,251 | -54,249 | 757,972.24 | 0.0004 | 0.0052 | 01/30/2026 |
| 12 | Nykredit Bank A/S (Investment Management) | 43,150 | 0 | 692,186.45 | 0.0029 | 0.0048 | 12/31/2024 |
| 13 | European Capital Partners (Luxembourg) SA | 30,000 | 0 | 481,242.03 | 0.4053 | 0.0033 | 11/28/2025 |
| 14 | Mack + Weise Vermogensverwaltung GmbH | 22,000 | 0 | 352,910.82 | 0.0645 | 0.0024 | 12/30/2024 |
| 15 | Yousif Capital Management LLC | 15,645 | 0 | 250,967.72 | 0.0028 | 0.0017 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goehring & Rozencwajg Resources Fund | 1,460,787 | 0 | 23,433,070.04 | 2.634 | 0.1615 | 11/30/2025 |
| 2 | Franklin Gold & Precious Metals Fund | 864,100 | -125,000 | 13,861,374.6 | 0.3711 | 0.0955 | 01/31/2026 |
| 3 | BNY Mellon Natural Resources Fund | 494,869 | -543,006 | 7,938,392.07 | 0.6845 | 0.0547 | 01/30/2026 |
| 4 | US Global Investors - Gold & Precious Metals Fund | 300,000 | 50,000 | 4,812,420.3 | 1.4793 | 0.0332 | 12/31/2025 |
| 5 | NYLI VP Natural Resources Portfolio | 296,368 | -6,555 | 4,754,157.93 | 1.2951 | 0.0328 | 11/30/2025 |
| 6 | Multipartner SICAV - Konwave Transition Metals Fund | 250,000 | 50,000 | 4,010,350.25 | 0.7212 | 0.0276 | 11/28/2025 |
| 7 | Principal Funds, Inc. - Diversified Real Asset Fund | 93,113 | -121,222 | 1,493,662.97 | 0.0578 | 0.0103 | 01/31/2026 |
| 8 | Azvalor Managers, FI | 69,910 | -7,654 | 1,121,454.34 | 0.5767 | 0.0077 | 12/31/2025 |
| 9 | Sarmaya Thematic ETF | 58,211 | 51,655 | 933,785.99 | 2.0066 | 0.0064 | 02/27/2026 |
| 10 | S&H Rohstoff-Aktien Global | 50,100 | 21,100 | 803,674.19 | 3.1899 | 0.0055 | 01/30/2026 |
| 11 | ActivePassive International Equity ETF | 47,672 | 20,364 | 764,725.67 | 0.0789 | 0.0053 | 02/27/2026 |
| 12 | DWS ESG Multi Asset Dynamic | 47,251 | -54,249 | 757,972.24 | 0.3506 | 0.0052 | 01/30/2026 |
| 13 | Nykredit Invest - Engros Globale Aktier Basis ESG | 43,150 | 0 | 692,186.45 | 0.0409 | 0.0048 | 12/31/2024 |
| 14 | ISATIS Investment - Global Natural Resources Flexible Fund | 30,000 | 0 | 481,242.03 | 1.4752 | 0.0033 | 11/28/2025 |
| 15 | M&W Invest: M&W Capital | 22,000 | 0 | 352,910.82 | 0.8246 | 0.0024 | 12/30/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Sarmaya Partners LLC | 58,211 | 51,655 | 933,785.99 | 2.1769 | 0.0064 | 02/27/2026 |
| 2 | Konwave AG | 250,000 | 50,000 | 4,010,350.25 | 0.0937 | 0.0276 | 11/28/2025 |
| 3 | US Global Investors, Inc. (Asset Management) | 308,840 | 50,000 | 4,954,226.28 | 0.3349 | 0.0341 | 12/31/2025 |
| 4 | Ampega Investment GmbH | 50,100 | 21,100 | 803,674.19 | 0.0159 | 0.0055 | 01/30/2026 |
| 5 | Causeway Capital Management LLC | 47,672 | 20,364 | 764,725.67 | 0.0016 | 0.0053 | 02/27/2026 |
| 6 | FCG Fonder AB | 6,655 | 6,655 | 106,755.52 | 0.0172 | 0.0007 | 09/30/2025 |
| 7 | Tuttle Capital Management LLC | 10,229 | 6,486 | 164,087.49 | 0.0252 | 0.0011 | 02/27/2026 |
| 8 | ShariaPortfolio, Inc. | 14,774 | 2,339 | 236,995.66 | 0.0763 | 0.0016 | 02/27/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Newton Investment Management North America LLC | 791,237 | -549,561 | 12,692,550 | 0.0254 | 0.0875 | 01/30/2026 |
| 2 | Franklin Advisers, Inc. | 864,100 | -125,000 | 13,861,374.6 | 0.0062 | 0.0955 | 01/31/2026 |
| 3 | Principal Global Investors LLC | 93,113 | -121,222 | 1,493,662.97 | 0.0007 | 0.0103 | 01/31/2026 |
| 4 | DWS Investment GmbH | 47,251 | -54,249 | 757,972.24 | 0.0004 | 0.0052 | 01/30/2026 |
| 5 | Hara Capital LLC | 0 | -10,000 | 0 | 0 | 0 | |
| 6 | AzValor Asset Management SGIIC SA | 69,910 | -7,654 | 1,121,454.34 | 0.0344 | 0.0077 | 12/31/2025 |
| 7 | MBH Investment Fund Management Private Ltd. Co. | 5,550 | -6,751 | 89,029.78 | 0.0381 | 0.0006 | 12/31/2024 |
| 8 | Gesiuris Asset Management SGIIC SA | 0 | -4,017 | 0 | 0 | 0 | |
| 9 | Strategic Investment Solutions, Inc. (Illinois) | 350 | -3,150 | 5,614.49 | 0.0013 | 0 | 12/31/2025 |
| 10 | GAMMA Investing LLC | 15,171 | -1,562 | 243,364.09 | 0.0123 | 0.0017 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.