| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 10,532,428 | 2,100,669 | 333,035,373.36 | 0.1951 | 1.1667 | 12/31/2025 |
| 2 | Slate Path Capital LP | 5,280,500 | 5,280,500 | 166,969,410 | 2.2444 | 0.5849 | 12/31/2025 |
| 3 | Invesco Advisers, Inc. | 5,194,563 | 2,803,781 | 164,252,082.06 | 0.0696 | 0.5754 | 12/31/2025 |
| 4 | Morgan Stanley & Co. LLC | 4,526,725 | 2,607,232 | 143,135,044.5 | 0.0507 | 0.5014 | 12/31/2025 |
| 5 | BlackRock Fund Advisors | 4,091,178 | -31,262 | 129,363,048.36 | 0.0023 | 0.4532 | 12/31/2025 |
| 6 | Two Sigma Investments LP | 3,602,842 | 2,614,494 | 113,921,864.04 | 0.1678 | 0.3991 | 12/31/2025 |
| 7 | Goldman Sachs & Co. LLC (Private Banking) | 3,407,305 | 97,163 | 107,738,984.1 | 0.0478 | 0.3774 | 12/31/2025 |
| 8 | JPMorgan Securities LLC (Investment Management) | 3,339,105 | 559,902 | 105,582,500.1 | 0.071 | 0.3699 | 12/31/2025 |
| 9 | Dimensional Fund Advisors LP | 2,697,869 | 1,463,723 | 85,306,617.78 | 0.0119 | 0.2988 | 12/31/2025 |
| 10 | BlackRock Advisors LLC | 2,538,373 | -401,972 | 80,263,354.26 | 0.0356 | 0.2812 | 12/31/2025 |
| 11 | FIL Investments International | 2,079,986 | 247,286 | 65,769,157.32 | 0.0447 | 0.2304 | 12/31/2025 |
| 12 | Woodline Partners LP | 1,920,099 | 643,452 | 60,713,530.38 | 0.2317 | 0.2127 | 12/31/2025 |
| 13 | Rafferty Asset Management LLC | 1,832,344 | -1,188,377 | 57,938,717.28 | 0.1929 | 0.203 | 12/31/2025 |
| 14 | BNP Paribas Financial Markets | 1,699,806 | 776,915 | 53,747,865.72 | 0.0331 | 0.1883 | 12/31/2025 |
| 15 | Marshall Wace LLP | 1,647,305 | 1,647,305 | 52,087,784.1 | 0.0496 | 0.1825 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | VanEck Semiconductor ETF | 10,686,744 | 3,172,193 | 337,914,845.28 | 0.759 | 1.1838 | 02/27/2026 |
| 2 | Invesco Value Opportunities Fund | 4,941,094 | 2,196,250 | 156,237,392.28 | 2.2006 | 0.5473 | 01/31/2026 |
| 3 | iShares Semiconductor ETF | 3,904,448 | -66,418 | 123,458,645.76 | 0.5995 | 0.4325 | 02/27/2026 |
| 4 | Defiance Quantum ETF | 1,650,879 | 851,155 | 52,200,793.98 | 1.4696 | 0.1829 | 02/27/2026 |
| 5 | Direxion Daily Semiconductor Bull 3X ETF | 1,590,329 | -734,355 | 50,286,202.98 | 0.6149 | 0.1762 | 02/27/2026 |
| 6 | Fidelity True North Fund | 1,025,000 | 225,000 | 32,410,500 | 0.5822 | 0.1135 | 12/31/2025 |
| 7 | Fidelity Funds SICAV - World Fund | 949,998 | 1 | 30,038,936.76 | 0.4205 | 0.1052 | 01/31/2026 |
| 8 | VanEck UCITS ETFs Plc - Semiconductor UCITS ETF | 876,951 | 149,945 | 27,729,190.62 | 0.6146 | 0.0971 | 02/27/2026 |
| 9 | Fidelity Invt. Funds - Global Special Situations Fund | 660,000 | 0 | 20,869,200 | 0.4386 | 0.0731 | 10/31/2025 |
| 10 | State Board of Administration of Florida Retirement System | 636,762 | 61,091 | 20,134,414.44 | 0.0185 | 0.0705 | 09/30/2025 |
| 11 | Dimensional International Value ETF | 609,083 | 139,603 | 19,259,204.46 | 0.1073 | 0.0675 | 02/27/2026 |
| 12 | DFA International Core Equity 2 Portfolio | 553,066 | 553,066 | 17,487,946.92 | 0.043 | 0.0613 | 12/31/2025 |
| 13 | Dimensional International Core Equity 2 ETF | 430,109 | 282,483 | 13,600,046.58 | 0.1047 | 0.0476 | 02/27/2026 |
| 14 | YieldMax Semiconductor Portfolio Option Income ETF | 348,892 | 348,892 | 11,031,965.04 | 2.8144 | 0.0386 | 02/27/2026 |
| 15 | Mackenzie Cundill Value Fund | 347,806 | 19,984 | 10,997,625.72 | 1.5476 | 0.0385 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Slate Path Capital LP | 5,280,500 | 5,280,500 | 166,969,410 | 2.2444 | 0.5849 | 12/31/2025 |
| 2 | Invesco Advisers, Inc. | 5,194,563 | 2,803,781 | 164,252,082.06 | 0.0696 | 0.5754 | 12/31/2025 |
| 3 | Two Sigma Investments LP | 3,602,842 | 2,614,494 | 113,921,864.04 | 0.1678 | 0.3991 | 12/31/2025 |
| 4 | Morgan Stanley & Co. LLC | 4,526,725 | 2,607,232 | 143,135,044.5 | 0.0507 | 0.5014 | 12/31/2025 |
| 5 | Van Eck Associates Corp. | 10,532,428 | 2,100,669 | 333,035,373.36 | 0.1951 | 1.1667 | 12/31/2025 |
| 6 | Marshall Wace LLP | 1,647,305 | 1,647,305 | 52,087,784.1 | 0.0496 | 0.1825 | 12/31/2025 |
| 7 | Defiance ETFs LLC | 1,517,463 | 1,517,463 | 47,982,180.06 | 1.5426 | 0.1681 | 12/31/2025 |
| 8 | Dimensional Fund Advisors LP | 2,697,869 | 1,463,723 | 85,306,617.78 | 0.0119 | 0.2988 | 12/31/2025 |
| 9 | Fidelity Investments Canada ULC | 1,027,400 | 1,025,400 | 32,486,388 | 0.0336 | 0.1138 | 12/31/2025 |
| 10 | Citadel Advisors LLC | 1,025,165 | 1,025,165 | 32,415,717.3 | 0.0318 | 0.1136 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Junto Capital Management LP | 0 | -2,193,416 | 0 | 0 | 0 | |
| 2 | Analog Century Management LP | 0 | -2,182,403 | 0 | 0 | 0 | |
| 3 | BlackRock Investment Management LLC | 437,511 | -2,134,102 | 13,834,097.82 | 0.0053 | 0.0485 | 12/31/2025 |
| 4 | Bank of America, NA (Private Banking) | 1,358,002 | -1,259,458 | 42,940,023.24 | 0.0128 | 0.1504 | 12/31/2025 |
| 5 | Rafferty Asset Management LLC | 1,832,344 | -1,188,377 | 57,938,717.28 | 0.1929 | 0.203 | 12/31/2025 |
| 6 | Acadian Asset Management LLC | 774,893 | -1,166,954 | 24,502,116.66 | 0.0341 | 0.0858 | 12/31/2025 |
| 7 | Freestone Grove Partners LP | 0 | -1,025,557 | 0 | 0 | 0 | |
| 8 | Millennium Management LLC | 724,862 | -1,000,586 | 22,920,136.44 | 0.0163 | 0.0803 | 12/31/2025 |
| 9 | BofA Securities, Inc. | 18,253 | -891,506 | 577,159.86 | 0.0009 | 0.002 | 12/31/2025 |
| 10 | Shellback Capital LP | 0 | -870,000 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.