| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | TT International Asset Management Ltd. | 821,300 | -498,237 | 73,350,303 | 3.7675 | 1.5058 | 09/30/2025 |
| 2 | Helikon Investments Ltd. | 698,775 | 206,197 | 62,407,595.25 | 1.1983 | 1.2812 | 09/30/2025 |
| 3 | Global X Management Co. LLC | 455,806 | -101,668 | 40,708,033.86 | 0.054 | 0.8357 | 09/30/2025 |
| 4 | Millennium Management LLC | 313,768 | 151,247 | 28,022,620.08 | 0.0228 | 0.5753 | 09/30/2025 |
| 5 | VR Advisory Services (USA) LLC | 272,013 | 0 | 24,293,481.03 | 4.8587 | 0.4987 | 09/30/2025 |
| 6 | Ping Capital Management, Inc. | 242,000 | 198,433 | 21,613,020 | 9.3119 | 0.4437 | 09/30/2025 |
| 7 | Balyasny Asset Management LP | 174,078 | 81,565 | 15,546,906.18 | 0.0325 | 0.3192 | 09/30/2025 |
| 8 | JPMorgan Asset Management (Canada) Inc. | 137,149 | -1,433 | 12,248,777.19 | 0.1287 | 0.2515 | 09/30/2025 |
| 9 | Boston Management & Research | 105,946 | 51,577 | 9,462,037.26 | 0.0164 | 0.1943 | 09/30/2025 |
| 10 | Absolute Gestao de Investimentos Ltda. | 104,586 | 104,586 | 9,340,575.66 | 0.6482 | 0.1918 | 09/30/2025 |
| 11 | Voloridge Investment Management LLC | 101,743 | -64,672 | 9,086,667.33 | 0.0315 | 0.1865 | 09/30/2025 |
| 12 | Brevan Howard Asset Management LLP | 101,553 | 101,553 | 9,069,698.43 | 0.143 | 0.1862 | 09/30/2025 |
| 13 | JPMorgan Investment Management, Inc. | 90,715 | -37,201 | 8,101,756.65 | 0.0008 | 0.1663 | 09/30/2025 |
| 14 | Banco BTG Pactual SA (Investment Management) | 84,967 | 68,467 | 7,588,402.77 | 0.3337 | 0.1558 | 09/30/2025 |
| 15 | Ayalon Mutual Funds Ltd. | 75,323 | 8,728 | 6,727,097.13 | 0.4292 | 0.1381 | 08/28/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Global X MSCI Argentina ETF | 428,497 | -123,805 | 38,269,067.07 | 5.0466 | 0.7856 | 10/31/2025 |
| 2 | TT International Funds Plc - Emerging Markets Unconstrained | 253,809 | -12,504 | 22,667,681.79 | 2.5129 | 0.4654 | 05/31/2025 |
| 3 | Eaton Vance Emerging & Frontier Countries Equity Fund | 83,305 | 28,436 | 7,439,969.55 | 0.3023 | 0.1527 | 09/30/2025 |
| 4 | TT International Funds Plc - Emerging Markets Equity Fund | 72,426 | -7,502 | 6,468,366.06 | 2.6194 | 0.1328 | 05/31/2025 |
| 5 | Eaton Vance Global Macro Capital Opportunities Portfolio | 61,669 | 6,800 | 5,507,658.39 | 0.2462 | 0.1131 | 07/31/2025 |
| 6 | Ayalon Zvulun 4D Global Stocks | 47,520 | 5,310 | 4,244,011.2 | 8.7178 | 0.0871 | 08/28/2025 |
| 7 | LGT Select Funds - Equity Emerging Markets | 35,031 | 35,031 | 3,128,618.61 | 0.7214 | 0.0642 | 05/31/2025 |
| 8 | AZ Equity - Emerging Latin America | 27,886 | 0 | 2,490,498.66 | 6.1289 | 0.0511 | 12/30/2024 |
| 9 | Avantage Fund, FI | 26,888 | 26,888 | 2,401,367.28 | 2.016 | 0.0493 | 06/30/2025 |
| 10 | AYALON ZVULUN 5E Long Short Global Mutual Hedge Fund | 24,385 | 0 | 2,177,824.35 | 6.2477 | 0.0447 | 08/28/2025 |
| 11 | Driehaus Mutual Funds - Emerging Markets Small Cap Growth Fund | 21,253 | 3,156 | 1,898,105.43 | 1.3648 | 0.039 | 09/30/2025 |
| 12 | ART Global Macro | 16,000 | 0 | 1,428,960 | 1.0046 | 0.0293 | 04/30/2025 |
| 13 | Yorktown Growth Fund | 12,900 | 0 | 1,152,099 | 1.2139 | 0.0237 | 09/30/2025 |
| 14 | Federated Hermes Emerging Markets Core Fund | 8,154 | 8,154 | 728,233.74 | 4.2274 | 0.015 | 07/31/2025 |
| 15 | ActivePassive International Equity ETF | 7,533 | 1,757 | 672,772.23 | 0.0731 | 0.0138 | 10/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Helikon Investments Ltd. | 698,775 | 206,197 | 62,407,595.25 | 1.1983 | 1.2812 | 09/30/2025 |
| 2 | Ping Capital Management, Inc. | 242,000 | 198,433 | 21,613,020 | 9.3119 | 0.4437 | 09/30/2025 |
| 3 | Millennium Management LLC | 313,768 | 151,247 | 28,022,620.08 | 0.0228 | 0.5753 | 09/30/2025 |
| 4 | Absolute Gestao de Investimentos Ltda. | 104,586 | 104,586 | 9,340,575.66 | 0.6482 | 0.1918 | 09/30/2025 |
| 5 | Brevan Howard Asset Management LLP | 101,553 | 101,553 | 9,069,698.43 | 0.143 | 0.1862 | 09/30/2025 |
| 6 | Balyasny Asset Management LP | 174,078 | 81,565 | 15,546,906.18 | 0.0325 | 0.3192 | 09/30/2025 |
| 7 | Banco BTG Pactual SA (Investment Management) | 84,967 | 68,467 | 7,588,402.77 | 0.3337 | 0.1558 | 09/30/2025 |
| 8 | Boston Management & Research | 105,946 | 51,577 | 9,462,037.26 | 0.0164 | 0.1943 | 09/30/2025 |
| 9 | Jane Street Capital LLC | 61,171 | 41,564 | 5,463,182.01 | 0.0065 | 0.1122 | 09/30/2025 |
| 10 | Goldman Sachs & Co. LLC (Private Banking) | 34,202 | 26,934 | 3,054,580.62 | 0.0014 | 0.0627 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | TT International Asset Management Ltd. | 821,300 | -498,237 | 73,350,303 | 3.7675 | 1.5058 | 09/30/2025 |
| 2 | Itau USA Asset Management, Inc. | 46,329 | -167,345 | 4,137,642.99 | 0.0881 | 0.0849 | 09/30/2025 |
| 3 | Global X Management Co. LLC | 455,806 | -101,668 | 40,708,033.86 | 0.054 | 0.8357 | 09/30/2025 |
| 4 | William Blair Investment Management LLC | 0 | -84,190 | 0 | 0 | 0 | |
| 5 | Alberta Investment Management Corp. | 0 | -80,131 | 0 | 0 | 0 | |
| 6 | NexPoint Asset Management LP | 0 | -67,700 | 0 | 0 | 0 | |
| 7 | Point72 Asset Management LP | 15,569 | -64,915 | 1,390,467.39 | 0.0027 | 0.0285 | 09/30/2025 |
| 8 | Voloridge Investment Management LLC | 101,743 | -64,672 | 9,086,667.33 | 0.0315 | 0.1865 | 09/30/2025 |
| 9 | BNP Paribas Financial Markets | 13,672 | -57,905 | 1,221,046.32 | 0.0009 | 0.0251 | 09/30/2025 |
| 10 | Two Sigma Investments LP | 0 | -57,126 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.