| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Dodge & Cox | 12,194,648 | -6,511,301 | 335,596,712.96 | 0.1302 | 0.8513 | 12/31/2025 |
| 2 | Newlands Management Operations LLC | 11,693,590 | 0 | 321,807,596.8 | 1.9181 | 0.8163 | 12/31/2025 |
| 3 | Fidelity Investments Canada ULC | 8,539,000 | 1,849,000 | 234,993,280 | 0.2408 | 0.5961 | 12/31/2025 |
| 4 | Invesco Advisers, Inc. | 7,291,207 | -4,418,932 | 200,654,016.64 | 0.0841 | 0.509 | 12/31/2025 |
| 5 | Discerene Group LP | 6,210,851 | 0 | 170,922,619.52 | 16.2159 | 0.4336 | 12/31/2025 |
| 6 | CoreView Capital Management Ltd. | 6,197,455 | -294,227 | 170,553,961.6 | 24.0753 | 0.4326 | 12/31/2025 |
| 7 | Susquehanna Pacific Pty Ltd. | 4,955,162 | 3,406,000 | 136,366,058.24 | 19.118 | 0.3459 | 12/31/2025 |
| 8 | Robeco Institutional Asset Management BV | 4,441,095 | 396,322 | 122,218,934.4 | 0.1052 | 0.31 | 12/31/2025 |
| 9 | North of South Capital LLP | 4,253,012 | 278,797 | 117,042,890.24 | 2.2572 | 0.2969 | 12/31/2025 |
| 10 | Charles Schwab Investment Management, Inc. | 4,250,324 | 845,510 | 116,968,916.48 | 0.0125 | 0.2967 | 12/31/2025 |
| 11 | Appaloosa LP | 4,157,046 | -2,842,954 | 114,401,905.92 | 1.5479 | 0.2902 | 12/31/2025 |
| 12 | Jane Street Capital LLC | 3,680,127 | 2,183,937 | 101,277,095.04 | 0.116 | 0.2569 | 12/31/2025 |
| 13 | Barrow, Hanley, Mewhinney & Strauss LLC | 3,565,777 | 297,642 | 98,130,183.04 | 0.2769 | 0.2489 | 12/31/2025 |
| 14 | Morgan Stanley & Co. LLC | 3,488,591 | -439,487 | 96,006,024.32 | 0.0335 | 0.2435 | 12/31/2025 |
| 15 | Fisher Asset Management LLC | 3,331,848 | -102,087 | 91,692,456.96 | 0.0294 | 0.2326 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Government Pension Fund - Global (The) | 19,612,014 | 0 | 539,722,625.28 | 0.033 | 1.369 | 06/30/2025 |
| 2 | Dodge & Cox International Stock Fund | 11,731,048 | -2,452,700 | 322,838,440.96 | 0.4826 | 0.8189 | 12/31/2025 |
| 3 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 5,794,260 | 0 | 159,458,035.2 | 0.0387 | 0.4045 | 12/31/2024 |
| 4 | Fidelity Canadian Large Cap Fund | 4,440,000 | -860,000 | 122,188,800 | 1.525 | 0.3099 | 11/30/2025 |
| 5 | Invesco Global Fund | 4,077,398 | -2,400,693 | 112,209,992.96 | 1.2787 | 0.2846 | 12/31/2025 |
| 6 | Schwab Fundamental Emerging Markets Equity ETF | 3,658,787 | 697,757 | 100,689,818.24 | 1.0963 | 0.2554 | 01/30/2026 |
| 7 | Fidelity Canadian Large Cap Multi-Asset Base Fund | 2,335,000 | -365,000 | 64,259,200 | 1.4779 | 0.163 | 12/31/2025 |
| 8 | Robeco Capital Gr. Fds. - Emerging Stars Equities | 2,097,380 | 334,928 | 57,719,897.6 | 1.3504 | 0.1464 | 12/31/2025 |
| 9 | Pacific Capital UCITS Funds Plc - North of South EM | 1,892,773 | 16,870 | 52,089,112.96 | 1.3898 | 0.1321 | 01/30/2026 |
| 10 | Hermes Invt. Funds - Asia (ex-Japan) Equity Fund | 1,707,673 | -425,978 | 46,995,160.96 | 0.755 | 0.1192 | 11/28/2025 |
| 11 | Caisse de depot et placement du Quebec Fund - Portfolio | 1,389,824 | 0 | 38,247,956.48 | 0.0112 | 0.097 | 12/31/2024 |
| 12 | Macquarie Emerging Markets Fund | 1,350,000 | 0 | 37,152,000 | 0.3295 | 0.0942 | 12/31/2025 |
| 13 | ACAP Strategic Fund | 1,246,873 | -736,476 | 34,313,944.96 | 0.294 | 0.087 | 09/30/2025 |
| 14 | Dodge & Cox Worldwide Funds - Global Stock Fund | 1,104,755 | 0 | 30,402,857.6 | 0.4207 | 0.0771 | 09/30/2025 |
| 15 | Russell Invt. Co. Plc - Acadian Emerging Markets Equ. UCITS II | 946,483 | 946,483 | 26,047,212.16 | 0.8573 | 0.0661 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Susquehanna Pacific Pty Ltd. | 4,955,162 | 3,406,000 | 136,366,058.24 | 19.118 | 0.3459 | 12/31/2025 |
| 2 | Heights Capital Management, Inc. | 2,670,000 | 2,670,000 | 73,478,400 | 1.7243 | 0.1864 | 12/31/2025 |
| 3 | Citadel Securities LLC | 2,787,360 | 2,406,906 | 76,708,147.2 | 0.1591 | 0.1946 | 12/31/2025 |
| 4 | Jane Street Capital LLC | 3,680,127 | 2,183,937 | 101,277,095.04 | 0.116 | 0.2569 | 12/31/2025 |
| 5 | Fidelity Investments Canada ULC | 8,539,000 | 1,849,000 | 234,993,280 | 0.2408 | 0.5961 | 12/31/2025 |
| 6 | SG Americas Securities LLC | 1,798,771 | 1,753,979 | 49,502,177.92 | 0.064 | 0.1256 | 12/31/2025 |
| 7 | Capula Investment US LP | 1,330,000 | 1,330,000 | 36,601,600 | 0.2423 | 0.0928 | 12/31/2025 |
| 8 | Optiver US LLC | 1,328,878 | 1,328,224 | 36,570,722.56 | 0.6544 | 0.0928 | 12/31/2025 |
| 9 | Syquant Capital SAS | 1,230,769 | 1,230,769 | 33,870,762.88 | 1.0994 | 0.0859 | 12/31/2025 |
| 10 | Assenagon Asset Management SA (Germany) | 1,135,700 | 1,135,700 | 31,254,464 | 0.0431 | 0.0793 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Dodge & Cox | 12,194,648 | -6,511,301 | 335,596,712.96 | 0.1302 | 0.8513 | 12/31/2025 |
| 2 | Marshall Wace LLP | 99,817 | -5,236,144 | 2,746,963.84 | 0.0026 | 0.007 | 12/31/2025 |
| 3 | Invesco Advisers, Inc. | 7,291,207 | -4,418,932 | 200,654,016.64 | 0.0841 | 0.509 | 12/31/2025 |
| 4 | Numeric Investors LLC | 361,722 | -3,256,583 | 9,954,589.44 | 0.0241 | 0.0253 | 12/31/2025 |
| 5 | Appaloosa LP | 4,157,046 | -2,842,954 | 114,401,905.92 | 1.5479 | 0.2902 | 12/31/2025 |
| 6 | Alkeon Capital Management LLC | 1,471,173 | -2,552,629 | 40,486,680.96 | 0.1471 | 0.1027 | 12/31/2025 |
| 7 | Qube Research & Technologies Ltd. | 0 | -2,438,706 | 0 | 0 | 0 | |
| 8 | HHLR Advisors Ltd. | 0 | -2,275,500 | 0 | 0 | 0 | |
| 9 | Fidelity Management & Research Co. LLC | 538,529 | -2,180,602 | 14,820,318.08 | 0.0008 | 0.0376 | 12/31/2025 |
| 10 | Arrowstreet Capital LP | 0 | -2,135,399 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.