| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Ninety One UK Ltd. | 6,295,537 | -613 | 744,132,473.4 | 1.1888 | 0.9936 | 12/31/2025 |
| 2 | UBS Asset Management (Americas) LLC | 3,984,656 | -206,309 | 470,986,339.2 | 0.2848 | 0.6289 | 12/31/2025 |
| 3 | UBS Asset Management Switzerland AG | 3,920,128 | -178,367 | 463,359,129.6 | 0.1251 | 0.6187 | 12/31/2025 |
| 4 | UBS Asset Management (Hong Kong) Ltd. | 3,408,468 | -113,762 | 402,880,917.6 | 4.6725 | 0.538 | 12/31/2025 |
| 5 | Orbis Investment Management Ltd. | 3,389,449 | -768,031 | 400,632,871.8 | 0.9488 | 0.535 | 12/31/2025 |
| 6 | Greenwoods Investments SG Pte Ltd. | 3,212,200 | 0 | 379,682,040 | 9.1486 | 0.507 | 12/31/2025 |
| 7 | Harding Loevner LP | 2,476,401 | -65,199 | 292,710,598.2 | 1.1347 | 0.3909 | 12/31/2025 |
| 8 | Dodge & Cox | 2,154,376 | -138,200 | 254,647,243.2 | 0.0979 | 0.34 | 12/31/2025 |
| 9 | Fidelity Management & Research Co. LLC | 1,548,387 | 819,794 | 183,019,343.4 | 0.0095 | 0.2444 | 12/31/2025 |
| 10 | Capital Research & Management Co. (World Investors) | 1,507,792 | -45,175 | 178,221,014.4 | 0.017 | 0.238 | 12/31/2025 |
| 11 | Arrowstreet Capital LP | 1,218,256 | -590,580 | 143,997,859.2 | 0.0739 | 0.1923 | 12/31/2025 |
| 12 | Invesco Asset Management Ltd. | 1,143,591 | -107,275 | 135,172,456.2 | 0.1332 | 0.1805 | 12/31/2025 |
| 13 | Fisher Asset Management LLC | 1,112,284 | -20,768 | 131,471,968.8 | 0.0416 | 0.1756 | 12/31/2025 |
| 14 | Renaissance Technologies LLC | 1,088,688 | 5,600 | 128,682,921.6 | 0.1867 | 0.1718 | 12/31/2025 |
| 15 | Massachusetts Financial Services Co. | 1,070,883 | -30,950 | 126,578,370.6 | 0.0393 | 0.169 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Government Pension Fund - Global (The) | 4,556,093 | 741,147 | 538,530,192.6 | 0.0301 | 0.7191 | 12/31/2025 |
| 2 | Ninety One Glb. Strat. Fd. - Global Franchise Fund | 2,741,458 | 0 | 324,040,335.6 | 3.7631 | 0.4327 | 12/31/2025 |
| 3 | UBS Lux Equity Fund - China Opportunity USD | 2,210,876 | -24,413 | 261,325,543.2 | 7.8374 | 0.3489 | 12/31/2025 |
| 4 | Dodge & Cox International Stock Fund | 2,024,726 | -132,600 | 239,322,613.2 | 0.368 | 0.3196 | 12/31/2025 |
| 5 | SJP Global Quality Fund | 1,716,304 | 0 | 202,867,132.8 | 0.7686 | 0.2709 | 09/30/2025 |
| 6 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 1,578,612 | 0 | 186,591,938.4 | 0.0449 | 0.2492 | 12/31/2024 |
| 7 | Orbis SICAV - Emerging Markets Equity Fund | 1,289,587 | 34,631 | 152,429,183.4 | 4.4663 | 0.2035 | 12/31/2025 |
| 8 | Invesco Developing Markets Fund | 1,269,399 | 18,533 | 150,042,961.8 | 1.6305 | 0.2003 | 02/28/2026 |
| 9 | Harding Loevner International Equity Portfolio | 1,030,674 | -122,066 | 121,825,666.8 | 0.9278 | 0.1627 | 12/31/2025 |
| 10 | Avantis Emerging Markets Equity ETF | 957,671 | 200,011 | 113,196,712.2 | 0.5092 | 0.1511 | 03/31/2026 |
| 11 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 951,622 | 584,889 | 112,481,720.4 | 0.3866 | 0.1502 | 02/28/2026 |
| 12 | UBS Lux Equity SICAV - All China USD | 840,411 | -68,954 | 99,336,580.2 | 7.7141 | 0.1326 | 12/31/2025 |
| 13 | MFS Emerging Markets Equity Fund | 810,463 | -83,244 | 95,796,726.6 | 0.9271 | 0.1279 | 02/28/2026 |
| 14 | American Funds New World Fund | 490,388 | 490,388 | 57,963,861.6 | 0.0743 | 0.0774 | 03/31/2026 |
| 15 | Caisse de depot et placement du Quebec Fund - Portfolio | 435,691 | 0 | 51,498,676.2 | 0.015 | 0.0688 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fidelity Management & Research Co. LLC | 1,548,387 | 819,794 | 183,019,343.4 | 0.0095 | 0.2444 | 12/31/2025 |
| 2 | Paedagogernes Pension - pensionskassen for paedagoger | 321,279 | 321,279 | 37,975,177.8 | 0.5132 | 0.0507 | 03/31/2026 |
| 3 | Millennium Management LLC | 386,811 | 236,152 | 45,721,060.2 | 0.0317 | 0.0611 | 12/31/2025 |
| 4 | JPMorgan Mansart Management Ltd. | 219,192 | 219,192 | 25,908,494.4 | 0.1392 | 0.0346 | 12/31/2025 |
| 5 | Managed Account Advisors LLC | 373,953 | 166,654 | 44,201,244.6 | 0.0063 | 0.059 | 12/31/2025 |
| 6 | Morgan Stanley & Co. LLC | 230,284 | 154,131 | 27,219,568.8 | 0.0092 | 0.0363 | 12/31/2025 |
| 7 | American Century Investment Management, Inc. | 927,633 | 124,254 | 109,646,220.6 | 0.0385 | 0.1464 | 12/31/2025 |
| 8 | Balyasny Asset Management LP | 119,303 | 119,303 | 14,101,614.6 | 0.0266 | 0.0188 | 12/31/2025 |
| 9 | Mawer Investment Management Ltd. | 559,896 | 108,446 | 66,179,707.2 | 0.1641 | 0.0884 | 12/31/2025 |
| 10 | Temasek Holdings Pte Ltd. (Investment Management) | 469,728 | 103,653 | 55,521,849.6 | 0.1253 | 0.0741 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | HHLR Advisors Ltd. | 0 | -790,807 | 0 | 0 | 0 | |
| 2 | Orbis Investment Management Ltd. | 3,389,449 | -768,031 | 400,632,871.8 | 0.9488 | 0.535 | 12/31/2025 |
| 3 | BMO Asset Management Corp. | 62 | -650,002 | 7,328.4 | 0 | 0 | 12/31/2025 |
| 4 | Causeway Capital Management LLC | 0 | -638,315 | 0 | 0 | 0 | |
| 5 | Arrowstreet Capital LP | 1,218,256 | -590,580 | 143,997,859.2 | 0.0739 | 0.1923 | 12/31/2025 |
| 6 | Clark Capital Management Group, Inc. | 0 | -248,337 | 0 | 0 | 0 | |
| 7 | UBS Asset Management (Americas) LLC | 3,984,656 | -206,309 | 470,986,339.2 | 0.2848 | 0.6289 | 12/31/2025 |
| 8 | Tiger Pacific Capital LP | 0 | -190,754 | 0 | 0 | 0 | |
| 9 | Numeric Investors LLC | 874,835 | -180,287 | 103,405,497 | 0.2417 | 0.1381 | 12/31/2025 |
| 10 | UBS Asset Management Switzerland AG | 3,920,128 | -178,367 | 463,359,129.6 | 0.1251 | 0.6187 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.