| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Aperio Group LLC | 13,562,818 | 699,972 | 132,237,475.5 | 0.0962 | 0.5387 | 12/31/2025 |
| 2 | BlackRock Fund Advisors | 13,267,336 | 1,849,551 | 129,356,526 | 0.0027 | 0.527 | 12/31/2025 |
| 3 | The Vanguard Group, Inc. | 12,985,992 | -1,179,522 | 126,613,422 | 0.0017 | 0.5158 | 12/31/2025 |
| 4 | AQR Capital Management LLC | 9,464,312 | 8,018,834 | 92,277,042 | 0.0434 | 0.3759 | 12/31/2025 |
| 5 | Parametric Portfolio Associates LLC | 6,683,840 | 52,824 | 65,167,440 | 0.0166 | 0.2655 | 12/31/2025 |
| 6 | Rafferty Asset Management LLC | 6,477,830 | -1,925,234 | 63,158,842.5 | 0.2096 | 0.2573 | 12/31/2025 |
| 7 | Two Sigma Investments LP | 5,675,393 | 5,296,765 | 55,335,081.75 | 0.0816 | 0.2254 | 12/31/2025 |
| 8 | Barclays Bank Plc (Private Banking) | 5,217,164 | -30,986 | 50,867,349 | 0.0267 | 0.2072 | 12/31/2025 |
| 9 | Bank of America, NA (Private Banking) | 4,993,842 | 1,949,812 | 48,689,959.5 | 0.0146 | 0.1984 | 12/31/2025 |
| 10 | SSgA Funds Management, Inc. | 4,828,090 | 535,136 | 47,073,877.5 | 0.0015 | 0.1918 | 12/31/2025 |
| 11 | Marshall Wace LLP | 4,739,326 | 4,739,326 | 46,208,428.5 | 0.044 | 0.1882 | 12/31/2025 |
| 12 | Goldman Sachs & Co. LLC (Private Banking) | 4,392,417 | -775,617 | 42,826,065.75 | 0.019 | 0.1745 | 12/31/2025 |
| 13 | Schroder Investment Management Ltd. | 4,055,762 | 4,055,762 | 39,543,679.5 | 0.0155 | 0.1611 | 12/31/2025 |
| 14 | UBS Securities LLC | 3,909,255 | -12,243,777 | 38,115,236.25 | 0.0155 | 0.1553 | 12/31/2025 |
| 15 | Two Sigma Advisers LP | 3,449,200 | 3,437,500 | 33,629,700 | 0.0644 | 0.137 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares Semiconductor ETF | 13,800,553 | 2,766,036 | 134,555,391.75 | 0.6475 | 0.5482 | 02/27/2026 |
| 2 | Vanguard Emerging Markets Stock Index Fund | 6,197,202 | -438,658 | 60,422,719.5 | 0.0392 | 0.2462 | 01/31/2026 |
| 3 | Direxion Daily Semiconductor Bull 3X ETF | 5,622,013 | -844,217 | 54,814,626.75 | 0.6641 | 0.2233 | 02/27/2026 |
| 4 | State Street SPDR Portfolio Emerging Markets ETF | 4,472,518 | 626,671 | 43,607,050.5 | 0.2621 | 0.1776 | 02/27/2026 |
| 5 | Vanguard Global Minimum Volatility Fund | 4,208,896 | -235,903 | 41,036,736 | 1.8841 | 0.1672 | 10/31/2025 |
| 6 | Vanguard FTSE All World (ex-US) Index Fund | 2,152,554 | -89,836 | 20,987,401.5 | 0.0247 | 0.0855 | 01/31/2026 |
| 7 | Freedom 100 Emerging Markets ETF | 1,811,739 | 531,909 | 17,664,455.25 | 0.6594 | 0.072 | 02/27/2026 |
| 8 | Debeka-Aktien-Asien-ESG | 1,299,100 | -100,000 | 12,666,225 | 0.667 | 0.0516 | 12/30/2025 |
| 9 | YieldMax Semiconductor Portfolio Option Income ETF | 1,212,630 | 1,212,630 | 11,823,142.5 | 3.0123 | 0.0482 | 02/27/2026 |
| 10 | Vanguard Total International Stock Index Fund | 860,072 | -120,450 | 8,385,702 | 0.0014 | 0.0342 | 01/31/2026 |
| 11 | Dimensional Emerging Markets Core Equity 2 ETF | 785,466 | 344,194 | 7,658,293.5 | 0.0986 | 0.0312 | 02/27/2026 |
| 12 | Dimensional Emerging Core Equity Market ETF | 756,200 | 254,400 | 7,372,950 | 0.09 | 0.03 | 02/27/2026 |
| 13 | CC&L UCITS ICAV - Q Emerging Markets Equity UCITS Fund | 540,471 | 540,471 | 5,269,592.25 | 0.2834 | 0.0215 | 01/30/2026 |
| 14 | Vanguard Institutional Total Intl. Stock Market Index Trust | 440,567 | -28,430 | 4,295,528.25 | 0.0086 | 0.0175 | 01/31/2026 |
| 15 | Dimensional Emerging Markets Value ETF | 429,906 | 118,444 | 4,191,583.5 | 0.2812 | 0.0171 | 02/27/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | AQR Capital Management LLC | 9,464,312 | 8,018,834 | 92,277,042 | 0.0434 | 0.3759 | 12/31/2025 |
| 2 | Two Sigma Investments LP | 5,675,393 | 5,296,765 | 55,335,081.75 | 0.0816 | 0.2254 | 12/31/2025 |
| 3 | Marshall Wace LLP | 4,739,326 | 4,739,326 | 46,208,428.5 | 0.044 | 0.1882 | 12/31/2025 |
| 4 | Schroder Investment Management Ltd. | 4,055,762 | 4,055,762 | 39,543,679.5 | 0.0155 | 0.1611 | 12/31/2025 |
| 5 | Two Sigma Advisers LP | 3,449,200 | 3,437,500 | 33,629,700 | 0.0644 | 0.137 | 12/31/2025 |
| 6 | Numeric Investors LLC | 2,123,977 | 2,123,977 | 20,708,775.75 | 0.0511 | 0.0844 | 12/31/2025 |
| 7 | Acadian Asset Management LLC | 2,297,586 | 1,982,593 | 22,401,463.5 | 0.0312 | 0.0913 | 12/31/2025 |
| 8 | Bank of America, NA (Private Banking) | 4,993,842 | 1,949,812 | 48,689,959.5 | 0.0146 | 0.1984 | 12/31/2025 |
| 9 | BlackRock Fund Advisors | 13,267,336 | 1,849,551 | 129,356,526 | 0.0027 | 0.527 | 12/31/2025 |
| 10 | Balyasny Asset Management LP | 1,980,820 | 1,517,343 | 19,312,995 | 0.0361 | 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 | 5,970,822 | 0.056 | 0.0243 | 12/31/2025 |
| 2 | UBS Securities LLC | 3,909,255 | -12,243,777 | 38,115,236.25 | 0.0155 | 0.1553 | 12/31/2025 |
| 3 | Schroder Investment Management North America, Inc. | 49,214 | -4,029,188 | 479,836.5 | 0.0029 | 0.002 | 12/31/2025 |
| 4 | BofA Securities, Inc. | 508,224 | -3,168,063 | 4,955,184 | 0.0076 | 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 | 63,158,842.5 | 0.2096 | 0.2573 | 12/31/2025 |
| 7 | JPMorgan Securities LLC (Investment Management) | 108,780 | -1,532,108 | 1,060,605 | 0.0007 | 0.0043 | 12/31/2025 |
| 8 | The Vanguard Group, Inc. | 12,985,992 | -1,179,522 | 126,613,422 | 0.0017 | 0.5158 | 12/31/2025 |
| 9 | Crossmark Global Investments, Inc. | 235,317 | -1,045,860 | 2,294,340.75 | 0.0327 | 0.0093 | 12/31/2025 |
| 10 | Y-Intercept (Hong Kong) Ltd. | 0 | -970,407 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.