| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Aperio Group LLC | 13,562,818 | 699,972 | 138,747,628.14 | 0.0999 | 0.5387 | 12/31/2025 |
| 2 | BlackRock Fund Advisors | 13,267,336 | 1,849,551 | 135,724,847.28 | 0.0028 | 0.527 | 12/31/2025 |
| 3 | The Vanguard Group, Inc. | 12,985,992 | -1,179,522 | 132,846,698.16 | 0.0017 | 0.5158 | 12/31/2025 |
| 4 | AQR Capital Management LLC | 9,464,312 | 8,018,834 | 96,819,911.76 | 0.0446 | 0.3759 | 12/31/2025 |
| 5 | Parametric Portfolio Associates LLC | 6,683,840 | 52,824 | 68,375,683.2 | 0.0172 | 0.2655 | 12/31/2025 |
| 6 | Rafferty Asset Management LLC | 6,477,830 | -1,925,234 | 66,268,200.9 | 0.2137 | 0.2573 | 12/31/2025 |
| 7 | Two Sigma Investments LP | 5,675,393 | 5,296,765 | 58,059,270.39 | 0.0848 | 0.2254 | 12/31/2025 |
| 8 | Barclays Bank Plc (Private Banking) | 5,217,164 | -30,986 | 53,371,587.72 | 0.0278 | 0.2072 | 12/31/2025 |
| 9 | Bank of America, NA (Private Banking) | 4,993,842 | 1,949,812 | 51,087,003.66 | 0.0151 | 0.1984 | 12/31/2025 |
| 10 | SSgA Funds Management, Inc. | 4,828,090 | 535,136 | 49,391,360.7 | 0.0016 | 0.1918 | 12/31/2025 |
| 11 | Marshall Wace LLP | 4,739,326 | 4,739,326 | 48,483,304.98 | 0.0457 | 0.1882 | 12/31/2025 |
| 12 | Goldman Sachs & Co. LLC (Private Banking) | 4,392,417 | -775,617 | 44,934,425.91 | 0.0196 | 0.1745 | 12/31/2025 |
| 13 | Schroder Investment Management Ltd. | 4,055,762 | 4,055,762 | 41,490,445.26 | 0.0158 | 0.1611 | 12/31/2025 |
| 14 | UBS Securities LLC | 3,909,255 | -12,243,777 | 39,991,678.65 | 0.0159 | 0.1553 | 12/31/2025 |
| 15 | Two Sigma Advisers LP | 3,449,200 | 3,437,500 | 35,285,316 | 0.067 | 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 | 139,000,575.12 | 0.6407 | 0.5397 | 01/30/2026 |
| 2 | Vanguard Emerging Markets Stock Index Fund | 6,197,202 | -438,658 | 63,397,376.46 | 0.0392 | 0.2462 | 01/31/2026 |
| 3 | Direxion Daily Semiconductor Bull 3X Shares | 5,330,796 | -2,584,313 | 54,534,043.08 | 0.62 | 0.2117 | 01/30/2026 |
| 4 | State Street SPDR Portfolio Emerging Markets ETF | 4,344,305 | 561,290 | 44,442,240.15 | 0.2628 | 0.1726 | 01/30/2026 |
| 5 | Vanguard Global Minimum Volatility Fund | 4,208,896 | -235,903 | 43,057,006.08 | 1.9627 | 0.1672 | 10/31/2025 |
| 6 | Vanguard FTSE All World (ex-US) Index Fund | 2,152,554 | -89,836 | 22,020,627.42 | 0.0248 | 0.0855 | 01/31/2026 |
| 7 | Freedom 100 Emerging Markets ETF | 1,636,200 | 398,559 | 16,738,326 | 0.6603 | 0.065 | 01/30/2026 |
| 8 | Debeka-Aktien-Asien-ESG | 1,284,659 | -114,441 | 13,142,061.57 | 0.7027 | 0.051 | 11/28/2025 |
| 9 | Vanguard Total International Stock Index Fund | 860,072 | -120,450 | 8,798,536.56 | 0.0014 | 0.0342 | 01/31/2026 |
| 10 | YieldMax Semiconductor Portfolio Option Income ETF | 817,515 | 817,515 | 8,363,178.45 | 2.6735 | 0.0325 | 01/30/2026 |
| 11 | Dimensional Emerging Markets Core Equity 2 ETF | 778,666 | 383,794 | 7,965,753.18 | 0.1006 | 0.0309 | 01/30/2026 |
| 12 | Dimensional Emerging Core Equity Market ETF | 756,200 | 282,000 | 7,735,926 | 0.0918 | 0.03 | 01/30/2026 |
| 13 | CC&L UCITS ICAV - Q Emerging Markets Equity UCITS Fund | 540,471 | 540,471 | 5,529,018.33 | 0.2888 | 0.0215 | 01/30/2026 |
| 14 | Vanguard Institutional Total Intl. Stock Market Index Trust | 440,567 | -28,430 | 4,507,000.41 | 0.0092 | 0.0175 | 11/30/2025 |
| 15 | Dimensional Emerging Markets Value ETF | 419,697 | 110,910 | 4,293,500.31 | 0.2871 | 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 | 96,819,911.76 | 0.0446 | 0.3759 | 12/31/2025 |
| 2 | Two Sigma Investments LP | 5,675,393 | 5,296,765 | 58,059,270.39 | 0.0848 | 0.2254 | 12/31/2025 |
| 3 | Marshall Wace LLP | 4,739,326 | 4,739,326 | 48,483,304.98 | 0.0457 | 0.1882 | 12/31/2025 |
| 4 | Schroder Investment Management Ltd. | 4,055,762 | 4,055,762 | 41,490,445.26 | 0.0158 | 0.1611 | 12/31/2025 |
| 5 | Two Sigma Advisers LP | 3,449,200 | 3,437,500 | 35,285,316 | 0.067 | 0.137 | 12/31/2025 |
| 6 | Numeric Investors LLC | 2,123,977 | 2,123,977 | 21,728,284.71 | 0.0529 | 0.0844 | 12/31/2025 |
| 7 | Acadian Asset Management LLC | 2,297,586 | 1,982,593 | 23,504,304.78 | 0.0322 | 0.0913 | 12/31/2025 |
| 8 | Bank of America, NA (Private Banking) | 4,993,842 | 1,949,812 | 51,087,003.66 | 0.0151 | 0.1984 | 12/31/2025 |
| 9 | BlackRock Fund Advisors | 13,267,336 | 1,849,551 | 135,724,847.28 | 0.0028 | 0.527 | 12/31/2025 |
| 10 | Balyasny Asset Management LP | 1,980,820 | 1,517,343 | 20,263,788.6 | 0.0374 | 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 | 6,264,770.16 | 0.0576 | 0.0243 | 12/31/2025 |
| 2 | UBS Securities LLC | 3,909,255 | -12,243,777 | 39,991,678.65 | 0.0159 | 0.1553 | 12/31/2025 |
| 3 | Schroder Investment Management North America, Inc. | 49,214 | -4,029,188 | 503,459.22 | 0.0029 | 0.002 | 12/31/2025 |
| 4 | BofA Securities, Inc. | 508,224 | -3,168,063 | 5,199,131.52 | 0.0079 | 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 | 66,268,200.9 | 0.2137 | 0.2573 | 12/31/2025 |
| 7 | JPMorgan Securities LLC (Investment Management) | 108,780 | -1,532,108 | 1,112,819.4 | 0.0007 | 0.0043 | 12/31/2025 |
| 8 | The Vanguard Group, Inc. | 12,985,992 | -1,179,522 | 132,846,698.16 | 0.0017 | 0.5158 | 12/31/2025 |
| 9 | Crossmark Global Investments, Inc. | 235,317 | -1,045,860 | 2,407,292.91 | 0.0338 | 0.0093 | 12/31/2025 |
| 10 | Y-Intercept (Hong Kong) Ltd. | 0 | -970,407 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.