| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Dodge & Cox | 18,705,949 | 643,000 | 662,190,594.6 | 0.2685 | 1.2905 | 06/30/2025 |
| 2 | Invesco Advisers, Inc. | 11,710,139 | -82,973 | 414,538,920.6 | 0.1673 | 0.8079 | 06/30/2025 |
| 3 | Newlands Management Operations LLC | 11,693,590 | 0 | 413,953,086 | 1.9467 | 0.8067 | 06/30/2025 |
| 4 | Appaloosa LP | 7,000,000 | -1,050,000 | 247,800,000 | 3.0893 | 0.4829 | 06/30/2025 |
| 5 | Fidelity Investments Canada ULC | 6,690,000 | 4,314,000 | 236,826,000 | 0.2903 | 0.4615 | 06/30/2025 |
| 6 | Coreview Capital Management Ltd. | 6,491,682 | 155,771 | 229,805,542.8 | 25.7564 | 0.4479 | 06/30/2025 |
| 7 | Discerene Group LP | 6,210,851 | 656,000 | 219,864,125.4 | 19.1547 | 0.4285 | 06/30/2025 |
| 8 | Marshall Wace LLP | 5,335,961 | 1,753,236 | 188,893,019.4 | 0.2062 | 0.3681 | 06/30/2025 |
| 9 | Hermes Investment Management Ltd. | 4,547,070 | 177,000 | 160,966,278 | 0.9088 | 0.3137 | 06/30/2025 |
| 10 | Robeco Institutional Asset Management BV | 4,044,773 | 243,104 | 143,184,964.2 | 0.1346 | 0.279 | 06/30/2025 |
| 11 | Alkeon Capital Management LLC | 4,023,802 | -500,000 | 142,442,590.8 | 0.5855 | 0.2776 | 06/30/2025 |
| 12 | North of South Capital LLP | 3,974,215 | 660,041 | 140,687,211 | 3.5834 | 0.2742 | 06/30/2025 |
| 13 | Morgan Stanley & Co. LLC | 3,928,078 | 1,640,841 | 139,053,961.2 | 0.0466 | 0.271 | 06/30/2025 |
| 14 | Numeric Investors LLC | 3,618,305 | 450,178 | 128,087,997 | 0.3609 | 0.2496 | 06/30/2025 |
| 15 | Fisher Asset Management LLC | 3,433,935 | -483,631 | 121,561,299 | 0.0434 | 0.2369 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Government Pension Fund - Global (The) | 19,612,014 | -747,914 | 694,265,295.6 | 0.0452 | 1.353 | 06/30/2025 |
| 2 | Dodge & Cox International Stock Fund | 14,183,748 | 0 | 502,104,679.2 | 0.828 | 0.9785 | 06/30/2025 |
| 3 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 6,347,244 | 0 | 224,692,437.6 | 0.0537 | 0.4379 | 12/31/2023 |
| 4 | Invesco Global Fund | 5,878,845 | -599,246 | 208,111,113 | 2.1875 | 0.4056 | 08/31/2025 |
| 5 | Fidelity Canadian Large Cap Fund | 5,300,000 | 4,300,000 | 187,620,000 | 2.4638 | 0.3656 | 07/31/2025 |
| 6 | Schwab Fundamental Emerging Markets Equity ETF | 3,164,405 | 383,474 | 112,019,937 | 1.4225 | 0.2183 | 09/30/2025 |
| 7 | Fidelity Canadian Large Cap Multi-Asset Base Fund | 2,960,000 | 2,476,000 | 104,784,000 | 2.5479 | 0.2042 | 08/31/2025 |
| 8 | Hermes Invt. Funds - Asia (ex-Japan) Equity Fund | 2,133,651 | -1,210,748 | 75,531,245.4 | 1.5216 | 0.1472 | 07/31/2025 |
| 9 | Dodge & Cox Global Stock Fund | 2,113,746 | 322,100 | 74,826,608.4 | 0.5874 | 0.1458 | 06/30/2025 |
| 10 | ACAP Strategic Fund | 1,983,349 | -251,983 | 70,210,554.6 | 0.6407 | 0.1368 | 06/30/2025 |
| 11 | Pacific Capital UCITS Funds Plc - North of South EM | 1,875,903 | 282,315 | 66,406,966.2 | 2.2229 | 0.1294 | 07/31/2025 |
| 12 | Robeco Capital Gr. Fds. - Emerging Stars Equities | 1,762,452 | 290,840 | 62,390,800.8 | 1.8914 | 0.1216 | 08/29/2025 |
| 13 | Strategic Advisers Fidelity Emerging Markets Fund | 1,621,616 | -809,200 | 57,405,206.4 | 0.1862 | 0.1119 | 08/31/2025 |
| 14 | Caisse de depot et placement du Quebec Fund - Portfolio | 1,389,824 | 0 | 49,199,769.6 | 0.0146 | 0.0959 | 12/31/2024 |
| 15 | Macquarie Emerging Markets Fund | 1,350,000 | 0 | 47,790,000 | 0.6159 | 0.0931 | 08/29/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fidelity Investments Canada ULC | 6,690,000 | 4,314,000 | 236,826,000 | 0.2903 | 0.4615 | 06/30/2025 |
| 2 | Marshall Wace LLP | 5,335,961 | 1,753,236 | 188,893,019.4 | 0.2062 | 0.3681 | 06/30/2025 |
| 3 | Morgan Stanley & Co. LLC | 3,928,078 | 1,640,841 | 139,053,961.2 | 0.0466 | 0.271 | 06/30/2025 |
| 4 | Susquehanna Pacific Pty Ltd. | 1,549,162 | 1,533,762 | 54,840,334.8 | 10.9175 | 0.1069 | 06/30/2025 |
| 5 | Crake Asset Management LLP | 1,286,000 | 1,286,000 | 45,524,400 | 2.2423 | 0.0887 | 06/30/2025 |
| 6 | Squarepoint OPS LLC | 1,057,969 | 978,172 | 37,452,102.6 | 0.0768 | 0.073 | 06/30/2025 |
| 7 | Maple Rock Capital Partners, Inc. | 1,849,324 | 930,814 | 65,466,069.6 | 2.3419 | 0.1276 | 06/30/2025 |
| 8 | Parallax Volatility Advisers LP | 991,998 | 901,745 | 35,116,729.2 | 1.3181 | 0.0684 | 06/30/2025 |
| 9 | BNP Paribas Financial Markets | 997,386 | 843,718 | 35,307,464.4 | 0.0247 | 0.0688 | 06/30/2025 |
| 10 | Renaissance Technologies LLC | 806,000 | 806,000 | 28,532,400 | 0.0348 | 0.0556 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fidelity Management & Research Co. LLC | 2,719,131 | -28,615,980 | 96,257,237.4 | 0.0053 | 0.1876 | 06/30/2025 |
| 2 | Voya Investment Management Co. LLC | 0 | -5,181,775 | 0 | 0 | 0 | |
| 3 | Lazard Asset Management LLC | 515,263 | -5,131,939 | 18,240,310.2 | 0.0147 | 0.0355 | 06/30/2025 |
| 4 | Schroder Investment Management (Hong Kong) Ltd. | 0 | -4,653,400 | 0 | 0 | 0 | |
| 5 | Temasek Holdings Pte Ltd. (Investment Management) | 589,256 | -4,036,234 | 20,859,662.4 | 0.0474 | 0.0407 | 06/30/2025 |
| 6 | Morgan Stanley & Co. International Plc | 261,308 | -3,128,675 | 9,250,303.2 | 0.0913 | 0.018 | 06/30/2025 |
| 7 | Antipodes Partners Ltd. | 0 | -2,942,624 | 0 | 0 | 0 | |
| 8 | Bridgewater Associates LP | 0 | -2,786,833 | 0 | 0 | 0 | |
| 9 | HHLR Advisors Ltd. | 2,275,500 | -2,536,200 | 80,552,700 | 0.6264 | 0.157 | 06/30/2025 |
| 10 | D. E. Shaw & Co. LP | 1,422,311 | -2,374,362 | 50,349,809.4 | 0.0459 | 0.0981 | 06/30/2025 |
Data provided by FactSet Research Systems Inc.