| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (International Investors) | 39,929,929 | 3,467,199 | 2,597,841,180.74 | 0.3904 | 7.6077 | 12/31/2025 |
| 2 | Capital Research & Management Co. (World Investors) | 31,051,257 | 2,939,234 | 2,020,194,780.42 | 0.1913 | 5.9161 | 12/31/2025 |
| 3 | Massachusetts Financial Services Co. | 21,684,362 | -1,621,482 | 1,410,784,591.72 | 0.4277 | 4.1314 | 12/31/2025 |
| 4 | Baillie Gifford & Co. | 11,343,819 | -4,476,234 | 738,028,864.14 | 0.4262 | 2.1613 | 12/31/2025 |
| 5 | Fidelity Management & Research Co. LLC | 8,769,425 | 2,266,731 | 570,538,790.5 | 0.0306 | 1.6708 | 09/30/2025 |
| 6 | T. Rowe Price International Ltd. | 6,318,950 | -107,250 | 411,110,887 | 0.2285 | 1.2039 | 09/30/2025 |
| 7 | Janus Henderson Investors US LLC | 5,364,333 | 57,507 | 349,003,504.98 | 0.1649 | 1.022 | 09/30/2025 |
| 8 | Harding Loevner LP | 5,344,152 | 956,182 | 347,690,529.12 | 1.2178 | 1.0182 | 09/30/2025 |
| 9 | Sprucegrove Investment Management Ltd. | 4,537,122 | -1,474,085 | 295,185,157.32 | 8.3273 | 0.8644 | 12/31/2025 |
| 10 | Brave Warrior Advisors LLC | 4,084,246 | -1,294,843 | 265,721,044.76 | 6.0008 | 0.7782 | 09/30/2025 |
| 11 | Trinity Street Asset Management LLP | 3,680,298 | -304,450 | 239,440,187.88 | 8.1545 | 0.7012 | 12/31/2025 |
| 12 | Metropolis Capital Ltd. | 3,563,802 | -1,226,429 | 231,860,958.12 | 5.7828 | 0.679 | 12/31/2025 |
| 13 | MFS Institutional Advisors, Inc. | 3,322,982 | -386,689 | 216,193,208.92 | 0.7975 | 0.6331 | 12/31/2025 |
| 14 | Harris Associates LP | 3,060,471 | -855,961 | 199,114,243.26 | 0.1953 | 0.5831 | 09/30/2025 |
| 15 | RBC Global Asset Management (UK) Ltd. | 2,650,380 | -377,183 | 172,433,722.8 | 0.2818 | 0.505 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Funds Fundamental Investors | 16,803,289 | 1,594,871 | 1,093,221,982.34 | 0.6561 | 3.2015 | 12/31/2025 |
| 2 | American Funds New Perspective Fund | 12,637,628 | -225,052 | 822,204,077.68 | 0.5091 | 2.4078 | 12/31/2025 |
| 3 | American Funds Capital World Growth & Income Fund | 9,755,471 | -570,510 | 634,690,943.26 | 0.4258 | 1.8587 | 12/31/2025 |
| 4 | MFS International Equity Fund | 8,549,839 | 145,826 | 556,252,525.34 | 1.7699 | 1.629 | 12/31/2025 |
| 5 | American Funds Growth Fund of America | 5,558,616 | 0 | 361,643,556.96 | 0.1113 | 1.0591 | 12/31/2025 |
| 6 | MFS International Intrinsic Value Fund | 4,286,473 | -254,284 | 278,877,933.38 | 1.0812 | 0.8167 | 12/31/2025 |
| 7 | American Funds EuroPacific Growth Fund | 4,234,633 | 2,055,850 | 275,505,222.98 | 0.1934 | 0.8068 | 12/31/2025 |
| 8 | Janus Henderson Enterprise Fund | 3,441,065 | 0 | 223,875,688.9 | 0.984 | 0.6556 | 12/31/2025 |
| 9 | American Funds International Growth & Income Fund | 3,385,486 | 44,944 | 220,259,719.16 | 1.1053 | 0.645 | 12/31/2025 |
| 10 | T Rowe Price Overseas Stock Fund | 2,124,635 | 393,878 | 138,228,753.1 | 0.5148 | 0.4048 | 12/31/2025 |
| 11 | Fidelity Inv. Trust - Series International Value Fund | 2,119,200 | 428,200 | 137,875,152 | 0.7765 | 0.4038 | 12/31/2025 |
| 12 | Harding Loevner International Equity Portfolio | 1,976,373 | -363,321 | 128,582,827.38 | 0.9911 | 0.3766 | 12/31/2025 |
| 13 | RBC European Equity Fund | 1,844,299 | 0 | 119,990,092.94 | 1.6656 | 0.3514 | 06/30/2025 |
| 14 | Fidelity Contrafund | 1,603,216 | 373,672 | 104,305,232.96 | 0.059 | 0.3055 | 12/31/2025 |
| 15 | American Funds Global Insight Fund | 1,593,954 | 223,629 | 103,702,647.24 | 0.5422 | 0.3037 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (International Investors) | 39,929,929 | 3,467,199 | 2,597,841,180.74 | 0.3904 | 7.6077 | 12/31/2025 |
| 2 | Capital Research & Management Co. (World Investors) | 31,051,257 | 2,939,234 | 2,020,194,780.42 | 0.1913 | 5.9161 | 12/31/2025 |
| 3 | Fidelity Management & Research Co. LLC | 8,769,425 | 2,266,731 | 570,538,790.5 | 0.0306 | 1.6708 | 09/30/2025 |
| 4 | Norges Bank Investment Management | 1,274,000 | 1,233,500 | 82,886,440 | 0.005 | 0.2427 | 12/31/2025 |
| 5 | Harding Loevner LP | 5,344,152 | 956,182 | 347,690,529.12 | 1.2178 | 1.0182 | 09/30/2025 |
| 6 | ClearBridge Investments LLC | 847,079 | 847,079 | 55,110,959.74 | 0.0404 | 0.1614 | 12/31/2025 |
| 7 | Parametric Portfolio Associates LLC | 845,292 | 664,272 | 54,994,697.52 | 0.014 | 0.1611 | 09/30/2025 |
| 8 | Ovata Capital Management Ltd. | 981,383 | 553,328 | 63,848,777.98 | 12.5491 | 0.187 | 12/31/2025 |
| 9 | Bridgewater Associates LP | 980,598 | 509,307 | 63,797,705.88 | 0.2416 | 0.1868 | 09/30/2025 |
| 10 | Voloridge Investment Management LLC | 655,021 | 497,174 | 42,615,666.26 | 0.1361 | 0.1248 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 11,343,819 | -4,476,234 | 738,028,864.14 | 0.4262 | 2.1613 | 12/31/2025 |
| 2 | Rothschild & Co Wealth Management (UK) Ltd. | 114,095 | -2,252,764 | 7,423,020.7 | 0.0848 | 0.0217 | 12/31/2025 |
| 3 | Lazard Asset Management LLC | 218,432 | -2,129,291 | 14,211,185.92 | 0.0105 | 0.0416 | 09/30/2025 |
| 4 | Massachusetts Financial Services Co. | 21,684,362 | -1,621,482 | 1,410,784,591.72 | 0.4277 | 4.1314 | 12/31/2025 |
| 5 | Sprucegrove Investment Management Ltd. | 4,537,122 | -1,474,085 | 295,185,157.32 | 8.3273 | 0.8644 | 12/31/2025 |
| 6 | Brave Warrior Advisors LLC | 4,084,246 | -1,294,843 | 265,721,044.76 | 6.0008 | 0.7782 | 09/30/2025 |
| 7 | Metropolis Capital Ltd. | 3,563,802 | -1,226,429 | 231,860,958.12 | 5.7828 | 0.679 | 12/31/2025 |
| 8 | Fiduciary Management, Inc. | 1,534,931 | -1,009,882 | 99,862,610.86 | 0.833 | 0.2924 | 12/31/2025 |
| 9 | Ruffer LLP | 0 | -931,799 | 0 | 0 | 0 | |
| 10 | Harris Associates LP | 3,060,471 | -855,961 | 199,114,243.26 | 0.1953 | 0.5831 | 09/30/2025 |
Data provided by FactSet Research Systems Inc.