| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Aperio Group LLC | 13,562,818 | 309,017 | 130,067,424.62 | 0.0927 | 0.5391 | 12/31/2025 |
| 2 | BlackRock Fund Advisors | 13,267,336 | 2,482,509 | 127,233,752.24 | 0.0026 | 0.5274 | 12/31/2025 |
| 3 | The Vanguard Group, Inc. | 12,985,992 | -637,353 | 124,535,663.28 | 0.0016 | 0.5162 | 12/31/2025 |
| 4 | AQR Capital Management LLC | 9,464,312 | 8,492,466 | 90,762,752.08 | 0.0421 | 0.3762 | 12/31/2025 |
| 5 | Parametric Portfolio Associates LLC | 6,683,840 | 274,797 | 64,098,025.6 | 0.016 | 0.2657 | 12/31/2025 |
| 6 | Rafferty Asset Management LLC | 6,477,830 | 257,129 | 62,122,389.7 | 0.1926 | 0.2575 | 12/31/2025 |
| 7 | Two Sigma Investments LP | 5,675,393 | 2,144,829 | 54,427,018.87 | 0.0798 | 0.2256 | 12/31/2025 |
| 8 | Barclays Bank Plc (Private Banking) | 5,217,164 | 1,145,560 | 50,032,602.76 | 0.0256 | 0.2074 | 12/31/2025 |
| 9 | Bank of America, NA (Private Banking) | 4,993,842 | -1,906,157 | 47,890,944.78 | 0.014 | 0.1985 | 12/31/2025 |
| 10 | SSgA Funds Management, Inc. | 4,828,090 | 298,314 | 46,301,383.1 | 0.0015 | 0.1919 | 12/31/2025 |
| 11 | Marshall Wace LLP | 4,739,326 | 1,937,921 | 45,450,136.34 | 0.0423 | 0.1884 | 12/31/2025 |
| 12 | Goldman Sachs & Co. LLC (Private Banking) | 4,392,417 | 346,564 | 42,123,279.03 | 0.0184 | 0.1746 | 12/31/2025 |
| 13 | Schroder Investment Management Ltd. | 4,055,762 | -48,649 | 38,894,757.58 | 0.0149 | 0.1612 | 12/31/2025 |
| 14 | UBS Securities LLC | 3,909,255 | 689,303 | 37,489,755.45 | 0.015 | 0.1554 | 12/31/2025 |
| 15 | Two Sigma Advisers LP | 3,449,200 | 1,839,500 | 33,077,828 | 0.0627 | 0.1371 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares Semiconductor ETF | 12,996,119 | 2,302,242 | 124,632,781.21 | 0.4962 | 0.5166 | 03/31/2026 |
| 2 | Vanguard Emerging Markets Stock Index Fund | 6,197,202 | -97,239 | 59,431,167.18 | 0.0365 | 0.2463 | 02/28/2026 |
| 3 | Direxion Daily Semiconductor Bull 3X ETF | 4,983,653 | -1,237,048 | 47,793,232.27 | 0.3835 | 0.1981 | 03/31/2026 |
| 4 | State Street SPDR Portfolio Emerging Markets ETF | 4,463,005 | 463,980 | 42,800,217.95 | 0.2493 | 0.1774 | 03/31/2026 |
| 5 | Vanguard Global Minimum Volatility Fund | 2,763,082 | -1,681,717 | 26,497,956.38 | 1.3228 | 0.1098 | 01/31/2026 |
| 6 | Vanguard FTSE All World (ex-US) Index Fund | 2,152,554 | 0 | 20,642,992.86 | 0.023 | 0.0856 | 02/28/2026 |
| 7 | Freedom 100 Emerging Markets ETF | 1,807,564 | 493,581 | 17,334,538.76 | 0.598 | 0.0719 | 03/31/2026 |
| 8 | YieldMax Semiconductor Portfolio Option Income ETF | 1,383,957 | 1,383,957 | 13,272,147.63 | 2.554 | 0.055 | 03/31/2026 |
| 9 | Debeka-Aktien-Asien-ESG | 1,299,100 | -100,000 | 12,458,369 | 0.6406 | 0.0516 | 12/30/2025 |
| 10 | Vanguard Total International Stock Index Fund | 860,072 | -31,649 | 8,248,090.48 | 0.0013 | 0.0342 | 02/28/2026 |
| 11 | Dimensional Emerging Markets Core Equity 2 ETF | 785,466 | 284,594 | 7,532,618.94 | 0.091 | 0.0312 | 03/31/2026 |
| 12 | Dimensional Emerging Core Equity Market ETF | 756,200 | 188,800 | 7,251,958 | 0.0846 | 0.0301 | 03/31/2026 |
| 13 | Harbor International Core Fund | 662,107 | 662,107 | 6,349,606.13 | 0.4479 | 0.0263 | 01/31/2026 |
| 14 | CC&L UCITS ICAV - Q Emerging Markets Equity UCITS Fund | 523,553 | 523,553 | 5,020,873.27 | 0.2535 | 0.0208 | 03/31/2026 |
| 15 | Dimensional Emerging Markets Value ETF | 492,706 | 162,642 | 4,725,050.54 | 0.2896 | 0.0196 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | AQR Capital Management LLC | 9,464,312 | 8,492,466 | 90,762,752.08 | 0.0421 | 0.3762 | 12/31/2025 |
| 2 | BlackRock Fund Advisors | 13,267,336 | 2,482,509 | 127,233,752.24 | 0.0026 | 0.5274 | 12/31/2025 |
| 3 | Acadian Asset Management LLC | 2,297,586 | 2,270,065 | 22,033,849.74 | 0.0298 | 0.0913 | 12/31/2025 |
| 4 | Two Sigma Investments LP | 5,675,393 | 2,144,829 | 54,427,018.87 | 0.0798 | 0.2256 | 12/31/2025 |
| 5 | Marshall Wace LLP | 4,739,326 | 1,937,921 | 45,450,136.34 | 0.0423 | 0.1884 | 12/31/2025 |
| 6 | Balyasny Asset Management LP | 1,980,820 | 1,886,996 | 18,996,063.8 | 0.0366 | 0.0787 | 12/31/2025 |
| 7 | Two Sigma Advisers LP | 3,449,200 | 1,839,500 | 33,077,828 | 0.0627 | 0.1371 | 12/31/2025 |
| 8 | Numeric Investors LLC | 2,123,977 | 1,641,444 | 20,368,939.43 | 0.0488 | 0.0844 | 12/31/2025 |
| 9 | Kadensa Capital Ltd. | 1,335,392 | 1,335,392 | 12,806,409.28 | 1.2523 | 0.0531 | 12/31/2025 |
| 10 | Barclays Bank Plc (Private Banking) | 5,217,164 | 1,145,560 | 50,032,602.76 | 0.0256 | 0.2074 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Morgan Stanley & Co. International Plc | 612,392 | -14,426,915 | 5,872,839.28 | 0.0536 | 0.0243 | 12/31/2025 |
| 2 | Bank of America, NA (Private Banking) | 4,993,842 | -1,906,157 | 47,890,944.78 | 0.014 | 0.1985 | 12/31/2025 |
| 3 | The Vanguard Group, Inc. | 12,985,992 | -637,353 | 124,535,663.28 | 0.0016 | 0.5162 | 12/31/2025 |
| 4 | JPMorgan Securities LLC (Investment Management) | 108,780 | -467,154 | 1,043,200.2 | 0.0007 | 0.0043 | 12/31/2025 |
| 5 | Merrill Lynch, Pierce, Fenner & Smith, Inc. (Invt Mgmt) | 101,624 | -259,887 | 974,574.16 | 0.0003 | 0.004 | 12/31/2025 |
| 6 | Squarepoint OPS LLC | 0 | -234,183 | 0 | 0 | 0 | |
| 7 | Leap Investments LP | 0 | -222,200 | 0 | 0 | 0 | |
| 8 | Northern Trust Investments, Inc.(Investment Management) | 3,217,883 | -211,103 | 30,859,497.97 | 0.0043 | 0.1279 | 12/31/2025 |
| 9 | Quantbot Technologies LP | 56,125 | -179,479 | 538,238.75 | 0.0174 | 0.0022 | 12/31/2025 |
| 10 | Korea Investment Management Co., Ltd. | 0 | -124,918 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.