| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Helikon Investments Ltd. | 565,449 | 72,871 | 46,954,884.96 | 0.696 | 1.0367 | 12/31/2025 |
| 2 | Global X Management Co. LLC | 379,981 | -223,146 | 31,553,622.24 | 0.0333 | 0.6967 | 12/31/2025 |
| 3 | TT International Asset Management Ltd. | 323,322 | -779,085 | 26,848,658.88 | 1.5906 | 0.5928 | 12/31/2025 |
| 4 | PointState Capital LP | 271,221 | 271,221 | 22,522,191.84 | 0.4058 | 0.4973 | 12/31/2025 |
| 5 | Fundamenta Capital SA (Uruguay) | 265,464 | 265,464 | 22,044,130.56 | 14.0317 | 0.4867 | 12/31/2025 |
| 6 | VR Advisory Services (USA) LLC | 232,138 | -39,875 | 19,276,739.52 | 2.9354 | 0.4256 | 12/31/2025 |
| 7 | Ping Capital Management, Inc. | 213,100 | 136,900 | 17,695,824 | 6.8414 | 0.3907 | 12/31/2025 |
| 8 | Millennium Management LLC | 212,796 | -146,973 | 17,670,579.84 | 0.0124 | 0.3902 | 12/31/2025 |
| 9 | Brevan Howard Asset Management LLP | 165,940 | 127,137 | 13,779,657.6 | 0.229 | 0.3042 | 12/31/2025 |
| 10 | Seldon Capital LP | 142,151 | 142,151 | 11,804,219.04 | 3.8662 | 0.2606 | 12/31/2025 |
| 11 | Boston Management & Research | 135,264 | 73,595 | 11,232,322.56 | 0.0186 | 0.248 | 12/31/2025 |
| 12 | JPMorgan Asset Management (Canada) Inc. | 127,406 | -9,743 | 10,579,794.24 | 0.1154 | 0.2336 | 12/31/2025 |
| 13 | Itau USA Asset Management, Inc. | 120,557 | -183,617 | 10,011,053.28 | 0.1516 | 0.221 | 12/31/2025 |
| 14 | JPMorgan Investment Management, Inc. | 116,807 | 17,119 | 9,699,653.28 | 0.001 | 0.2142 | 12/31/2025 |
| 15 | Invesco Advisers, Inc. | 110,000 | 110,000 | 9,134,400 | 0.0038 | 0.2017 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Global X MSCI Argentina ETF | 410,868 | -146,055 | 34,118,478.72 | 4.0388 | 0.7533 | 01/30/2026 |
| 2 | TT International Funds Plc - Emerging Markets Unconstrained | 110,224 | -136,532 | 9,153,000.96 | 1.3154 | 0.2021 | 11/30/2025 |
| 3 | Eaton Vance Emerging & Frontier Countries Equity Fund | 102,464 | 40,795 | 8,508,610.56 | 0.2649 | 0.1879 | 12/31/2025 |
| 4 | Eaton Vance Global Macro Capital Opportunities Portfolio | 93,364 | 31,695 | 7,752,946.56 | 0.2543 | 0.1712 | 10/31/2025 |
| 5 | Avantage Fund, FI | 65,991 | 39,103 | 5,479,892.64 | 3.7134 | 0.121 | 12/31/2025 |
| 6 | Invesco International Bond Fund | 58,000 | 58,000 | 4,816,320 | 1.6646 | 0.1063 | 12/31/2025 |
| 7 | TT International Funds Plc - Emerging Markets Equity Fund | 56,425 | -15,347 | 4,685,532 | 1.8655 | 0.1035 | 11/30/2025 |
| 8 | Ayalon Zvulun 4D Global Stocks | 46,320 | -2,515 | 3,846,412.8 | 6.3187 | 0.0849 | 11/26/2025 |
| 9 | Invesco Global Strategic Income Fund | 36,000 | 36,000 | 2,989,440 | 1.2626 | 0.066 | 12/31/2025 |
| 10 | LGT Select Funds - Equity Emerging Markets | 35,031 | 0 | 2,908,974.24 | 0.5723 | 0.0642 | 05/31/2025 |
| 11 | Eaton Vance Global Macro Absolute Return Advantage Portfolio | 29,800 | 29,800 | 2,474,592 | 0.8649 | 0.0546 | 10/31/2025 |
| 12 | AZ Equity - Emerging Latin America | 27,886 | 0 | 2,315,653.44 | 5.1601 | 0.0511 | 12/30/2024 |
| 13 | JPMorgan Funds - Latin America Equity Fund | 24,640 | 18,083 | 2,046,105.6 | 0.3664 | 0.0452 | 01/31/2026 |
| 14 | Driehaus Mutual Funds - Emerging Markets Small Cap Growth Fund | 21,253 | 0 | 1,764,849.12 | 1.1081 | 0.039 | 11/30/2025 |
| 15 | AYALON ZVULUN 5E Long Short Global Mutual Hedge Fund | 20,705 | -3,680 | 1,719,343.2 | 4.2061 | 0.038 | 11/26/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | PointState Capital LP | 271,221 | 271,221 | 22,522,191.84 | 0.4058 | 0.4973 | 12/31/2025 |
| 2 | Fundamenta Capital SA (Uruguay) | 265,464 | 265,464 | 22,044,130.56 | 14.0317 | 0.4867 | 12/31/2025 |
| 3 | Seldon Capital LP | 142,151 | 142,151 | 11,804,219.04 | 3.8662 | 0.2606 | 12/31/2025 |
| 4 | Ping Capital Management, Inc. | 213,100 | 136,900 | 17,695,824 | 6.8414 | 0.3907 | 12/31/2025 |
| 5 | Brevan Howard Asset Management LLP | 165,940 | 127,137 | 13,779,657.6 | 0.229 | 0.3042 | 12/31/2025 |
| 6 | Invesco Advisers, Inc. | 110,000 | 110,000 | 9,134,400 | 0.0038 | 0.2017 | 12/31/2025 |
| 7 | Boston Management & Research | 135,264 | 73,595 | 11,232,322.56 | 0.0186 | 0.248 | 12/31/2025 |
| 8 | Helikon Investments Ltd. | 565,449 | 72,871 | 46,954,884.96 | 0.696 | 1.0367 | 12/31/2025 |
| 9 | Goldman Sachs & Co. LLC (Private Banking) | 79,706 | 68,530 | 6,618,786.24 | 0.0029 | 0.1461 | 12/31/2025 |
| 10 | Wealth High Governance Capital Ltda | 54,924 | 54,924 | 4,560,888.96 | 0.5174 | 0.1007 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | TT International Asset Management Ltd. | 323,322 | -779,085 | 26,848,658.88 | 1.5906 | 0.5928 | 12/31/2025 |
| 2 | Global X Management Co. LLC | 379,981 | -223,146 | 31,553,622.24 | 0.0333 | 0.6967 | 12/31/2025 |
| 3 | Itau USA Asset Management, Inc. | 120,557 | -183,617 | 10,011,053.28 | 0.1516 | 0.221 | 12/31/2025 |
| 4 | Millennium Management LLC | 212,796 | -146,973 | 17,670,579.84 | 0.0124 | 0.3902 | 12/31/2025 |
| 5 | William Blair Investment Management LLC | 0 | -89,640 | 0 | 0 | 0 | |
| 6 | Cubist Systematic Strategies LLC | 0 | -58,577 | 0 | 0 | 0 | |
| 7 | Marshall Wace LLP | 0 | -57,153 | 0 | 0 | 0 | |
| 8 | JPMorgan Securities LLC (Investment Management) | 5,905 | -40,586 | 490,351.2 | 0.0003 | 0.0108 | 12/31/2025 |
| 9 | VR Advisory Services (USA) LLC | 232,138 | -39,875 | 19,276,739.52 | 2.9354 | 0.4256 | 12/31/2025 |
| 10 | Whittier Trust Co. | 0 | -33,919 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.