| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 10,532,428 | 2,100,669 | 330,296,942.08 | 0.1993 | 1.1667 | 12/31/2025 |
| 2 | Slate Path Capital LP | 5,280,500 | 5,280,500 | 165,596,480 | 2.3531 | 0.5849 | 12/31/2025 |
| 3 | Invesco Advisers, Inc. | 5,194,563 | 2,803,781 | 162,901,495.68 | 0.0703 | 0.5754 | 12/31/2025 |
| 4 | Morgan Stanley & Co. LLC | 4,526,725 | 2,607,232 | 141,958,096 | 0.051 | 0.5014 | 12/31/2025 |
| 5 | BlackRock Fund Advisors | 4,091,178 | -31,262 | 128,299,342.08 | 0.0027 | 0.4532 | 12/31/2025 |
| 6 | Two Sigma Investments LP | 3,602,842 | 2,614,494 | 112,985,125.12 | 0.1692 | 0.3991 | 12/31/2025 |
| 7 | Goldman Sachs & Co. LLC (Private Banking) | 3,407,305 | 97,163 | 106,853,084.8 | 0.0482 | 0.3774 | 12/31/2025 |
| 8 | JPMorgan Securities LLC (Investment Management) | 3,339,105 | 559,902 | 104,714,332.8 | 0.0713 | 0.3699 | 12/31/2025 |
| 9 | Dimensional Fund Advisors LP | 2,697,869 | 1,463,723 | 84,605,171.84 | 0.0121 | 0.2988 | 12/31/2025 |
| 10 | BlackRock Advisors LLC | 2,538,373 | -401,972 | 79,603,377.28 | 0.0356 | 0.2812 | 12/31/2025 |
| 11 | FIL Investments International | 2,079,986 | 247,286 | 65,228,360.96 | 0.0447 | 0.2304 | 12/31/2025 |
| 12 | Woodline Partners LP | 1,920,099 | 643,452 | 60,214,304.64 | 0.2331 | 0.2127 | 12/31/2025 |
| 13 | Rafferty Asset Management LLC | 1,832,344 | -1,188,377 | 57,462,307.84 | 0.195 | 0.203 | 12/31/2025 |
| 14 | BNP Paribas Financial Markets | 1,699,806 | 776,915 | 53,305,916.16 | 0.0333 | 0.1883 | 12/31/2025 |
| 15 | Marshall Wace LLP | 1,647,305 | 1,647,305 | 51,659,484.8 | 0.0499 | 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 | 335,136,291.84 | 0.7734 | 1.1838 | 02/27/2026 |
| 2 | Invesco Value Opportunities Fund | 4,941,094 | 2,196,250 | 154,952,707.84 | 2.2764 | 0.5473 | 01/31/2026 |
| 3 | iShares Semiconductor ETF | 3,904,448 | -66,418 | 122,443,489.28 | 0.6152 | 0.4325 | 02/27/2026 |
| 4 | Defiance Quantum ETF | 1,650,879 | 851,155 | 51,771,565.44 | 1.4894 | 0.1829 | 02/27/2026 |
| 5 | Direxion Daily Semiconductor Bull 3X ETF | 1,590,329 | -734,355 | 49,872,717.44 | 0.6316 | 0.1762 | 02/27/2026 |
| 6 | Fidelity True North Fund | 1,025,000 | 225,000 | 32,144,000 | 0.5883 | 0.1135 | 12/31/2025 |
| 7 | Fidelity Funds SICAV - World Fund | 949,998 | 1 | 29,791,937.28 | 0.4193 | 0.1052 | 01/31/2026 |
| 8 | VanEck UCITS ETFs Plc - Semiconductor UCITS ETF | 876,951 | 149,945 | 27,501,183.36 | 0.6277 | 0.0971 | 02/27/2026 |
| 9 | Fidelity Invt. Funds - Global Special Situations Fund | 660,000 | 0 | 20,697,600 | 0.4441 | 0.0731 | 11/30/2025 |
| 10 | State Board of Administration of Florida Retirement System | 636,762 | 61,091 | 19,968,856.32 | 0.0185 | 0.0705 | 09/30/2025 |
| 11 | Dimensional International Value ETF | 609,083 | 139,603 | 19,100,842.88 | 0.1081 | 0.0675 | 02/27/2026 |
| 12 | DFA International Core Equity 2 Portfolio | 553,066 | 553,066 | 17,344,149.76 | 0.0432 | 0.0613 | 12/31/2025 |
| 13 | Dimensional International Core Equity 2 ETF | 430,109 | 282,483 | 13,488,218.24 | 0.1052 | 0.0476 | 02/27/2026 |
| 14 | YieldMax Semiconductor Portfolio Option Income ETF | 348,892 | 348,892 | 10,941,253.12 | 2.8906 | 0.0386 | 02/27/2026 |
| 15 | Mackenzie Cundill Value Fund | 347,806 | 19,984 | 10,907,196.16 | 1.5764 | 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 | 165,596,480 | 2.3531 | 0.5849 | 12/31/2025 |
| 2 | Invesco Advisers, Inc. | 5,194,563 | 2,803,781 | 162,901,495.68 | 0.0703 | 0.5754 | 12/31/2025 |
| 3 | Two Sigma Investments LP | 3,602,842 | 2,614,494 | 112,985,125.12 | 0.1692 | 0.3991 | 12/31/2025 |
| 4 | Morgan Stanley & Co. LLC | 4,526,725 | 2,607,232 | 141,958,096 | 0.051 | 0.5014 | 12/31/2025 |
| 5 | Van Eck Associates Corp. | 10,532,428 | 2,100,669 | 330,296,942.08 | 0.1993 | 1.1667 | 12/31/2025 |
| 6 | Marshall Wace LLP | 1,647,305 | 1,647,305 | 51,659,484.8 | 0.0499 | 0.1825 | 12/31/2025 |
| 7 | Defiance ETFs LLC | 1,517,463 | 1,517,463 | 47,587,639.68 | 1.5701 | 0.1681 | 12/31/2025 |
| 8 | Dimensional Fund Advisors LP | 2,697,869 | 1,463,723 | 84,605,171.84 | 0.0121 | 0.2988 | 12/31/2025 |
| 9 | Fidelity Investments Canada ULC | 1,027,400 | 1,025,400 | 32,219,264 | 0.0339 | 0.1138 | 12/31/2025 |
| 10 | Citadel Advisors LLC | 1,025,165 | 1,025,165 | 32,149,174.4 | 0.0322 | 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 | 13,720,344.96 | 0.0053 | 0.0485 | 12/31/2025 |
| 4 | Bank of America, NA (Private Banking) | 1,358,002 | -1,259,458 | 42,586,942.72 | 0.0129 | 0.1504 | 12/31/2025 |
| 5 | Rafferty Asset Management LLC | 1,832,344 | -1,188,377 | 57,462,307.84 | 0.195 | 0.203 | 12/31/2025 |
| 6 | Acadian Asset Management LLC | 774,893 | -1,166,954 | 24,300,644.48 | 0.0342 | 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 | 22,731,672.32 | 0.0165 | 0.0803 | 12/31/2025 |
| 9 | BofA Securities, Inc. | 18,253 | -891,506 | 572,414.08 | 0.0009 | 0.002 | 12/31/2025 |
| 10 | Shellback Capital LP | 0 | -870,000 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.