| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Aperio Group LLC | 13,562,818 | 699,972 | 141,324,563.56 | 0.1023 | 0.5387 | 12/31/2025 |
| 2 | BlackRock Fund Advisors | 13,267,336 | 1,849,551 | 138,245,641.12 | 0.0029 | 0.527 | 12/31/2025 |
| 3 | The Vanguard Group, Inc. | 12,985,992 | -1,179,522 | 135,314,036.64 | 0.0018 | 0.5158 | 12/31/2025 |
| 4 | AQR Capital Management LLC | 9,464,312 | 8,018,834 | 98,618,131.04 | 0.0461 | 0.3759 | 12/31/2025 |
| 5 | Parametric Portfolio Associates LLC | 6,683,840 | 52,824 | 69,645,612.8 | 0.0176 | 0.2655 | 12/31/2025 |
| 6 | Rafferty Asset Management LLC | 6,477,830 | -1,925,234 | 67,498,988.6 | 0.2187 | 0.2573 | 12/31/2025 |
| 7 | Two Sigma Investments LP | 5,675,393 | 5,296,765 | 59,137,595.06 | 0.0871 | 0.2254 | 12/31/2025 |
| 8 | Barclays Bank Plc (Private Banking) | 5,217,164 | -30,986 | 54,362,848.88 | 0.0285 | 0.2072 | 12/31/2025 |
| 9 | Bank of America, NA (Private Banking) | 4,993,842 | 1,949,812 | 52,035,833.64 | 0.0155 | 0.1984 | 12/31/2025 |
| 10 | SSgA Funds Management, Inc. | 4,828,090 | 535,136 | 50,308,697.8 | 0.0016 | 0.1918 | 12/31/2025 |
| 11 | Marshall Wace LLP | 4,739,326 | 4,739,326 | 49,383,776.92 | 0.0469 | 0.1882 | 12/31/2025 |
| 12 | Goldman Sachs & Co. LLC (Private Banking) | 4,392,417 | -775,617 | 45,768,985.14 | 0.0202 | 0.1745 | 12/31/2025 |
| 13 | Schroder Investment Management Ltd. | 4,055,762 | 4,055,762 | 42,261,040.04 | 0.0161 | 0.1611 | 12/31/2025 |
| 14 | UBS Securities LLC | 3,909,255 | -12,243,777 | 40,734,437.1 | 0.0164 | 0.1553 | 12/31/2025 |
| 15 | Two Sigma Advisers LP | 3,449,200 | 3,437,500 | 35,940,664 | 0.0691 | 0.137 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares Semiconductor ETF | 13,587,544 | 2,401,737 | 141,582,208.48 | 0.6545 | 0.5397 | 01/30/2026 |
| 2 | Vanguard Emerging Markets Stock Index Fund | 6,197,202 | -438,658 | 64,574,844.84 | 0.0399 | 0.2462 | 01/31/2026 |
| 3 | Direxion Daily Semiconductor Bull 3X Shares | 5,330,796 | -2,584,313 | 55,546,894.32 | 0.6333 | 0.2117 | 01/30/2026 |
| 4 | State Street SPDR Portfolio Emerging Markets ETF | 4,344,305 | 561,290 | 45,267,658.1 | 0.2669 | 0.1726 | 01/30/2026 |
| 5 | Vanguard Global Minimum Volatility Fund | 4,208,896 | -235,903 | 43,856,696.32 | 1.9933 | 0.1672 | 10/31/2025 |
| 6 | Vanguard FTSE All World (ex-US) Index Fund | 2,152,554 | -89,836 | 22,429,612.68 | 0.0252 | 0.0855 | 01/31/2026 |
| 7 | Freedom 100 Emerging Markets ETF | 1,636,200 | 398,559 | 17,049,204 | 0.6619 | 0.065 | 01/30/2026 |
| 8 | Debeka-Aktien-Asien-ESG | 1,284,659 | -114,441 | 13,386,146.78 | 0.7099 | 0.051 | 11/28/2025 |
| 9 | Vanguard Total International Stock Index Fund | 860,072 | -120,450 | 8,961,950.24 | 0.0014 | 0.0342 | 01/31/2026 |
| 10 | YieldMax Semiconductor Portfolio Option Income ETF | 817,515 | 817,515 | 8,518,506.3 | 2.7307 | 0.0325 | 01/30/2026 |
| 11 | Dimensional Emerging Markets Core Equity 2 ETF | 778,666 | 383,794 | 8,113,699.72 | 0.1012 | 0.0309 | 01/30/2026 |
| 12 | Dimensional Emerging Core Equity Market ETF | 756,200 | 282,000 | 7,879,604 | 0.0925 | 0.03 | 01/30/2026 |
| 13 | CC&L UCITS ICAV - Q Emerging Markets Equity UCITS Fund | 540,471 | 540,471 | 5,631,707.82 | 0.2891 | 0.0215 | 01/30/2026 |
| 14 | Vanguard Institutional Total Intl. Stock Market Index Trust | 440,567 | -28,430 | 4,590,708.14 | 0.0094 | 0.0175 | 11/30/2025 |
| 15 | Dimensional Emerging Markets Value ETF | 419,697 | 110,910 | 4,373,242.74 | 0.288 | 0.0167 | 01/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | AQR Capital Management LLC | 9,464,312 | 8,018,834 | 98,618,131.04 | 0.0461 | 0.3759 | 12/31/2025 |
| 2 | Two Sigma Investments LP | 5,675,393 | 5,296,765 | 59,137,595.06 | 0.0871 | 0.2254 | 12/31/2025 |
| 3 | Marshall Wace LLP | 4,739,326 | 4,739,326 | 49,383,776.92 | 0.0469 | 0.1882 | 12/31/2025 |
| 4 | Schroder Investment Management Ltd. | 4,055,762 | 4,055,762 | 42,261,040.04 | 0.0161 | 0.1611 | 12/31/2025 |
| 5 | Two Sigma Advisers LP | 3,449,200 | 3,437,500 | 35,940,664 | 0.0691 | 0.137 | 12/31/2025 |
| 6 | Numeric Investors LLC | 2,123,977 | 2,123,977 | 22,131,840.34 | 0.0542 | 0.0844 | 12/31/2025 |
| 7 | Acadian Asset Management LLC | 2,297,586 | 1,982,593 | 23,940,846.12 | 0.0329 | 0.0913 | 12/31/2025 |
| 8 | Bank of America, NA (Private Banking) | 4,993,842 | 1,949,812 | 52,035,833.64 | 0.0155 | 0.1984 | 12/31/2025 |
| 9 | BlackRock Fund Advisors | 13,267,336 | 1,849,551 | 138,245,641.12 | 0.0029 | 0.527 | 12/31/2025 |
| 10 | Balyasny Asset Management LP | 1,980,820 | 1,517,343 | 20,640,144.4 | 0.0384 | 0.0787 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Morgan Stanley & Co. International Plc | 612,392 | -14,049,579 | 6,381,124.64 | 0.0583 | 0.0243 | 12/31/2025 |
| 2 | UBS Securities LLC | 3,909,255 | -12,243,777 | 40,734,437.1 | 0.0164 | 0.1553 | 12/31/2025 |
| 3 | Schroder Investment Management North America, Inc. | 49,214 | -4,029,188 | 512,809.88 | 0.003 | 0.002 | 12/31/2025 |
| 4 | BofA Securities, Inc. | 508,224 | -3,168,063 | 5,295,694.08 | 0.0081 | 0.0202 | 12/31/2025 |
| 5 | Maple Rock Capital Partners, Inc. | 0 | -3,140,443 | 0 | 0 | 0 | |
| 6 | Rafferty Asset Management LLC | 6,477,830 | -1,925,234 | 67,498,988.6 | 0.2187 | 0.2573 | 12/31/2025 |
| 7 | JPMorgan Securities LLC (Investment Management) | 108,780 | -1,532,108 | 1,133,487.6 | 0.0008 | 0.0043 | 12/31/2025 |
| 8 | The Vanguard Group, Inc. | 12,985,992 | -1,179,522 | 135,314,036.64 | 0.0018 | 0.5158 | 12/31/2025 |
| 9 | Crossmark Global Investments, Inc. | 235,317 | -1,045,860 | 2,452,003.14 | 0.0348 | 0.0093 | 12/31/2025 |
| 10 | Y-Intercept (Hong Kong) Ltd. | 0 | -970,407 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.