| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Helikon Investments Ltd. | 565,449 | -133,326 | 49,635,113.22 | 0.7085 | 1.0367 | 12/31/2025 |
| 2 | Global X Management Co. LLC | 379,981 | -75,825 | 33,354,732.18 | 0.0373 | 0.6967 | 12/31/2025 |
| 3 | TT International Asset Management Ltd. | 323,322 | -497,978 | 28,381,205.16 | 1.775 | 0.5928 | 12/31/2025 |
| 4 | PointState Capital LP | 271,221 | 271,221 | 23,807,779.38 | 0.4467 | 0.4973 | 12/31/2025 |
| 5 | Fundamenta Capital SA (Uruguay) | 265,464 | 265,464 | 23,302,429.92 | 14.1424 | 0.4867 | 12/31/2025 |
| 6 | VR Advisory Services (USA) LLC | 232,138 | -39,875 | 20,377,073.64 | 3.1466 | 0.4256 | 12/31/2025 |
| 7 | Ping Capital Management, Inc. | 213,100 | -28,900 | 18,705,918 | 7.0085 | 0.3907 | 12/31/2025 |
| 8 | Millennium Management LLC | 212,796 | -100,972 | 18,679,232.88 | 0.0137 | 0.3902 | 12/31/2025 |
| 9 | Brevan Howard Asset Management LLP | 165,940 | 64,387 | 14,566,213.2 | 0.2501 | 0.3042 | 12/31/2025 |
| 10 | Seldon Capital LP | 142,151 | 142,151 | 12,478,014.78 | 4.2409 | 0.2606 | 12/31/2025 |
| 11 | Boston Management & Research | 135,264 | 29,318 | 11,873,473.92 | 0.0207 | 0.248 | 12/31/2025 |
| 12 | JPMorgan Asset Management (Canada) Inc. | 127,406 | -9,743 | 11,183,698.68 | 0.1292 | 0.2336 | 12/31/2025 |
| 13 | Itau USA Asset Management, Inc. | 120,557 | 74,228 | 10,582,493.46 | 0.1637 | 0.221 | 12/31/2025 |
| 14 | JPMorgan Investment Management, Inc. | 116,807 | 26,092 | 10,253,318.46 | 0.0001 | 0.2142 | 12/31/2025 |
| 15 | Invesco Advisers, Inc. | 110,000 | 110,000 | 9,655,800 | 0.0042 | 0.2017 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Global X MSCI Argentina ETF | 440,104 | -15,702 | 38,632,329.12 | 4.863 | 0.8069 | 03/31/2026 |
| 2 | TT International Funds Plc - Emerging Markets Unconstrained | 107,977 | -81,078 | 9,478,221.06 | 1.4307 | 0.198 | 12/31/2025 |
| 3 | Eaton Vance Emerging & Frontier Countries Equity Fund | 102,464 | 19,159 | 8,994,289.92 | 0.2919 | 0.1879 | 01/31/2026 |
| 4 | VT Argonaut - Absolute Return Fund | 95,000 | 0 | 8,339,100 | 2.4501 | 0.1742 | 12/31/2024 |
| 5 | Eaton Vance Global Macro Capital Opportunities Portfolio | 93,364 | 31,695 | 8,195,491.92 | 0.2906 | 0.1712 | 10/31/2025 |
| 6 | Avantage Fund, FI | 65,991 | 39,103 | 5,792,689.98 | 4.1802 | 0.121 | 12/31/2025 |
| 7 | TT International Funds Plc - Emerging Markets Equity Fund | 53,293 | -1,739 | 4,678,059.54 | 2.0811 | 0.0977 | 12/31/2025 |
| 8 | Ayalon Zvulun 4D Global Stocks | 46,320 | -1,200 | 4,065,969.6 | 7.0638 | 0.0849 | 01/29/2026 |
| 9 | Eaton Vance Global Macro Absolute Return Advantage Portfolio | 29,800 | 29,800 | 2,615,844 | 0.308 | 0.0546 | 01/31/2026 |
| 10 | AZ Equity - Emerging Latin America | 27,886 | 0 | 2,447,833.08 | 5.7276 | 0.0511 | 12/30/2024 |
| 11 | JPMorgan Funds - Latin America Equity Fund | 24,640 | 24,640 | 2,162,899.2 | 0.3787 | 0.0452 | 02/28/2026 |
| 12 | Driehaus Mutual Funds - Emerging Markets Small Cap Growth Fund | 21,253 | 0 | 1,865,588.34 | 1.2091 | 0.039 | 11/30/2025 |
| 13 | AYALON ZVULUN 5E Long Short Global Mutual Hedge Fund | 20,705 | -3,680 | 1,817,484.9 | 4.6439 | 0.038 | 01/29/2026 |
| 14 | Invesco International Bond Fund | 19,334 | 19,334 | 1,697,138.52 | 0.569 | 0.0354 | 01/31/2026 |
| 15 | LGT Select Funds - Equity Emerging Markets | 13,592 | -21,439 | 1,193,105.76 | 0.2943 | 0.0249 | 11/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | PointState Capital LP | 271,221 | 271,221 | 23,807,779.38 | 0.4467 | 0.4973 | 12/31/2025 |
| 2 | Fundamenta Capital SA (Uruguay) | 265,464 | 265,464 | 23,302,429.92 | 14.1424 | 0.4867 | 12/31/2025 |
| 3 | Seldon Capital LP | 142,151 | 142,151 | 12,478,014.78 | 4.2409 | 0.2606 | 12/31/2025 |
| 4 | Invesco Advisers, Inc. | 110,000 | 110,000 | 9,655,800 | 0.0042 | 0.2017 | 12/31/2025 |
| 5 | Itau USA Asset Management, Inc. | 120,557 | 74,228 | 10,582,493.46 | 0.1637 | 0.221 | 12/31/2025 |
| 6 | Brevan Howard Asset Management LLP | 165,940 | 64,387 | 14,566,213.2 | 0.2501 | 0.3042 | 12/31/2025 |
| 7 | Wealth High Governance Capital Ltda | 54,924 | 54,924 | 4,821,228.72 | 0.5593 | 0.1007 | 12/31/2025 |
| 8 | Goldman Sachs & Co. LLC (Private Banking) | 79,706 | 45,504 | 6,996,592.68 | 0.0032 | 0.1461 | 12/31/2025 |
| 9 | Renta 4 Gestora SGIIC SA | 65,991 | 39,103 | 5,792,689.98 | 0.4421 | 0.121 | 12/31/2025 |
| 10 | Wexford Capital LP | 37,749 | 37,749 | 3,313,607.22 | 0.3942 | 0.0692 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | TT International Asset Management Ltd. | 323,322 | -497,978 | 28,381,205.16 | 1.775 | 0.5928 | 12/31/2025 |
| 2 | Helikon Investments Ltd. | 565,449 | -133,326 | 49,635,113.22 | 0.7085 | 1.0367 | 12/31/2025 |
| 3 | Millennium Management LLC | 212,796 | -100,972 | 18,679,232.88 | 0.0137 | 0.3902 | 12/31/2025 |
| 4 | Balyasny Asset Management LP | 89,856 | -84,222 | 7,887,559.68 | 0.0155 | 0.1648 | 12/31/2025 |
| 5 | Global X Management Co. LLC | 379,981 | -75,825 | 33,354,732.18 | 0.0373 | 0.6967 | 12/31/2025 |
| 6 | Jane Street Capital LLC | 16,108 | -45,063 | 1,413,960.24 | 0.0017 | 0.0295 | 12/31/2025 |
| 7 | VR Advisory Services (USA) LLC | 232,138 | -39,875 | 20,377,073.64 | 3.1466 | 0.4256 | 12/31/2025 |
| 8 | Ping Capital Management, Inc. | 213,100 | -28,900 | 18,705,918 | 7.0085 | 0.3907 | 12/31/2025 |
| 9 | Insigneo Advisory Services LLC | 5,781 | -11,620 | 507,456.18 | 0.0374 | 0.0106 | 12/31/2025 |
| 10 | Verde Servicos Internacionais SA | 0 | -10,000 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.