| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Pleasant Lake Partners LLC | 17,510,596 | 15,817,297 | 112,418,026.32 | 15.6532 | 14.2987 | 02/01/2026 |
| 2 | D. E. Shaw & Co. LP | 4,059,288 | 1,830,110 | 26,060,628.96 | 0.0215 | 3.3147 | 12/31/2025 |
| 3 | Nomura Global Financial Products, Inc. | 3,108,416 | 3,108,416 | 19,956,030.72 | 0.1988 | 2.5383 | 12/31/2025 |
| 4 | Two Sigma Investments LP | 1,724,662 | 1,152,182 | 11,072,330.04 | 0.0175 | 1.4083 | 12/31/2025 |
| 5 | Morgan Stanley & Co. LLC | 1,455,481 | 1,117,059 | 9,344,188.02 | 0.0036 | 1.1885 | 12/31/2025 |
| 6 | Jane Street Capital LLC | 1,375,071 | 861,011 | 8,827,955.82 | 0.0111 | 1.1228 | 12/31/2025 |
| 7 | Susquehanna Financial Group LLLP | 1,200,472 | 968,086 | 7,707,030.24 | 0.0118 | 0.9803 | 12/31/2025 |
| 8 | Two Sigma Advisers LP | 956,007 | 845,907 | 6,137,564.94 | 0.0127 | 0.7807 | 12/31/2025 |
| 9 | General Equity Holdings LP | 653,029 | 653,029 | 4,192,446.18 | 3.6881 | 0.5332 | 12/31/2025 |
| 10 | SBI Securities Co., Ltd. | 536,568 | 141,976 | 3,444,766.56 | 0.0968 | 0.4381 | 12/31/2025 |
| 11 | SSgA Funds Management, Inc. | 502,461 | -371,859 | 3,225,799.62 | 0.0001 | 0.4103 | 12/31/2025 |
| 12 | Group One Trading LLC | 450,176 | 404,793 | 2,890,129.92 | 0.0911 | 0.3676 | 12/31/2025 |
| 13 | UBS Securities LLC | 423,563 | -112,403 | 2,719,274.46 | 0.0012 | 0.3459 | 12/31/2025 |
| 14 | Franklin Templeton Investments (ME) Ltd. | 373,000 | 373,000 | 2,394,660 | 0.5255 | 0.3046 | 02/28/2026 |
| 15 | Point72 Asset Management LP | 265,578 | 246,638 | 1,705,010.76 | 0.0028 | 0.2169 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | FTIF SICAV - Templeton Frontier Markets Fund | 373,000 | 373,000 | 2,394,660 | 0.747 | 0.3046 | 02/28/2026 |
| 2 | State Street SPDR Portfolio Developed World ex-US ETF | 230,209 | 20,820 | 1,477,941.78 | 0.0043 | 0.188 | 02/27/2026 |
| 3 | State Street SPDR S&P Kensho New Economies Composite ETF | 220,826 | -399,382 | 1,417,702.92 | 0.0626 | 0.1803 | 02/27/2026 |
| 4 | Hood River International Opportunity Fund | 110,365 | 110,365 | 708,543.3 | 0.3423 | 0.0901 | 12/31/2025 |
| 5 | Lumyna - MW TOPS UCITS Fund | 75,389 | 0 | 483,997.38 | 0.019 | 0.0616 | 03/31/2025 |
| 6 | SEI Institutional Invt. Trust - World Equity (ex-US) Fund | 71,916 | 71,916 | 461,700.72 | 0.0056 | 0.0587 | 02/28/2026 |
| 7 | State Street SPDR S&P International Small Cap ETF | 61,740 | 9,925 | 396,370.8 | 0.05 | 0.0504 | 02/27/2026 |
| 8 | EMQQ The Emerging Markets Internet ETF | 43,364 | 43,364 | 278,396.88 | 0.0991 | 0.0354 | 02/27/2026 |
| 9 | iShares International Small-Cap Equity Factor ETF | 40,572 | -47,478 | 260,472.24 | 0.0473 | 0.0331 | 02/27/2026 |
| 10 | Global X E-commerce ETF | 30,719 | -27,546 | 197,215.98 | 0.6114 | 0.0251 | 02/27/2026 |
| 11 | Hanetf ICAV - EMQQ EM Internet & Ecommerce UCITS ETF | 22,965 | 22,965 | 147,435.3 | 0.128 | 0.0188 | 02/27/2026 |
| 12 | Europe 30 ProFund | 17,520 | -1,698 | 112,478.4 | 2.6434 | 0.0143 | 10/31/2025 |
| 13 | FMQQ The Next Frontier Internet ETF | 12,491 | 12,491 | 80,192.22 | 0.3852 | 0.0102 | 02/27/2026 |
| 14 | Blackstone Alternative Multi Strategy Fund | 11,900 | 11,900 | 76,398 | 0.0037 | 0.0097 | 12/31/2025 |
| 15 | Global X ETFs ICAV - E-commerce UCITS ETF | 3,125 | -653 | 20,062.5 | 0.6102 | 0.0026 | 02/27/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Pleasant Lake Partners LLC | 17,510,596 | 15,817,297 | 112,418,026.32 | 15.6532 | 14.2987 | 02/01/2026 |
| 2 | Nomura Global Financial Products, Inc. | 3,108,416 | 3,108,416 | 19,956,030.72 | 0.1988 | 2.5383 | 12/31/2025 |
| 3 | D. E. Shaw & Co. LP | 4,059,288 | 1,830,110 | 26,060,628.96 | 0.0215 | 3.3147 | 12/31/2025 |
| 4 | Two Sigma Investments LP | 1,724,662 | 1,152,182 | 11,072,330.04 | 0.0175 | 1.4083 | 12/31/2025 |
| 5 | Morgan Stanley & Co. LLC | 1,455,481 | 1,117,059 | 9,344,188.02 | 0.0036 | 1.1885 | 12/31/2025 |
| 6 | Susquehanna Financial Group LLLP | 1,200,472 | 968,086 | 7,707,030.24 | 0.0118 | 0.9803 | 12/31/2025 |
| 7 | Jane Street Capital LLC | 1,375,071 | 861,011 | 8,827,955.82 | 0.0111 | 1.1228 | 12/31/2025 |
| 8 | Two Sigma Advisers LP | 956,007 | 845,907 | 6,137,564.94 | 0.0127 | 0.7807 | 12/31/2025 |
| 9 | General Equity Holdings LP | 653,029 | 653,029 | 4,192,446.18 | 3.6881 | 0.5332 | 12/31/2025 |
| 10 | Group One Trading LLC | 450,176 | 404,793 | 2,890,129.92 | 0.0911 | 0.3676 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Marshall Wace LLP | 17,100 | -1,041,015 | 109,782 | 0.0001 | 0.014 | 12/31/2025 |
| 2 | Goldman Sachs & Co. LLC (Private Banking) | 61,393 | -504,718 | 394,143.06 | 0.0002 | 0.0501 | 12/31/2025 |
| 3 | National Bank Financial, Inc. | 750 | -387,900 | 4,815 | 0 | 0.0006 | 12/31/2025 |
| 4 | SSgA Funds Management, Inc. | 502,461 | -371,859 | 3,225,799.62 | 0.0001 | 0.4103 | 12/31/2025 |
| 5 | Morgan Stanley Investment Management, Inc. | 0 | -313,872 | 0 | 0 | 0 | |
| 6 | Citadel Securities LLC | 231,080 | -234,626 | 1,483,533.6 | 0.0034 | 0.1887 | 12/31/2025 |
| 7 | GSA Capital Partners LLP | 74,392 | -188,828 | 477,596.64 | 0.0423 | 0.0607 | 12/31/2025 |
| 8 | UBS Securities LLC | 423,563 | -112,403 | 2,719,274.46 | 0.0012 | 0.3459 | 12/31/2025 |
| 9 | HRT Financial LP | 0 | -101,162 | 0 | 0 | 0 | |
| 10 | ProFund Advisors LLC | 0 | -99,827 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.