| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Avenir Capital | 10,667,581 | 7,977,709 | 116,383,308.71 | 9.7363 | 5.9884 | 06/30/2025 |
| 2 | Sparta 24 Ltd. | 6,260,946 | 2,603,842 | 68,306,920.86 | 51.1528 | 3.5147 | 09/30/2025 |
| 3 | Jane Street Capital LLC | 5,857,764 | 1,180,748 | 63,908,205.24 | 0.0854 | 3.2883 | 06/30/2025 |
| 4 | Group One Trading LLC | 4,390,892 | 1,957,803 | 47,904,631.72 | 1.2141 | 2.4649 | 06/30/2025 |
| 5 | Morgan Stanley & Co. LLC | 3,525,701 | 934,968 | 38,465,397.91 | 0.0127 | 1.9792 | 06/30/2025 |
| 6 | Arrowstreet Capital LP | 3,247,099 | 2,397,261 | 35,425,850.09 | 0.0226 | 1.8228 | 06/30/2025 |
| 7 | JPMorgan Securities LLC (Investment Management) | 2,656,227 | 1,164,747 | 28,979,436.57 | 0.0144 | 1.4911 | 06/30/2025 |
| 8 | Jupiter Asset Management Ltd. | 2,534,300 | 2,534,300 | 27,649,213 | 0.0672 | 1.4227 | 06/30/2025 |
| 9 | Goldman Sachs & Co. LLC (Private Banking) | 2,530,009 | 396,102 | 27,602,398.19 | 0.0111 | 1.4202 | 06/30/2025 |
| 10 | Walleye Capital LLC | 2,003,632 | -221,562 | 21,859,625.12 | 0.1318 | 1.1248 | 06/30/2025 |
| 11 | Susquehanna Financial Group LLLP | 1,982,850 | 203,458 | 21,632,893.5 | 0.0301 | 1.1131 | 06/30/2025 |
| 12 | Citadel Securities LLC | 1,961,751 | 1,093,288 | 21,402,703.41 | 0.0637 | 1.1013 | 06/30/2025 |
| 13 | BlackRock Fund Advisors | 1,778,105 | -228,073 | 19,399,125.55 | 0.0004 | 0.9982 | 06/30/2025 |
| 14 | Leap Investments LP | 1,341,002 | 1,341,002 | 14,630,331.82 | 0.2188 | 0.7528 | 06/30/2025 |
| 15 | D. E. Shaw & Co. LP | 1,309,001 | -1,262,302 | 14,281,200.91 | 0.0129 | 0.7348 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares Core MSCI Emerging Markets ETF | 1,124,429 | 82,237 | 12,267,520.39 | 0.0106 | 0.6312 | 10/31/2025 |
| 2 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 499,841 | 0 | 5,453,265.31 | 0.0013 | 0.2806 | 12/31/2023 |
| 3 | TOPS Market Neutral UCITS FUND | 417,613 | 0 | 4,556,157.83 | 0.1868 | 0.2344 | 03/31/2025 |
| 4 | iShares plc - Core MSCI Emerging Markets IMI UCITS ETF | 276,366 | 12,683 | 3,015,153.06 | 0.0093 | 0.1551 | 10/31/2025 |
| 5 | Jupiter Investment Mgmt. Series II - Merian Asia Pacific Fund | 213,700 | 61,200 | 2,331,467 | 0.4753 | 0.12 | 06/30/2025 |
| 6 | AdvisorShares Dorsey Wright ADR ETF | 141,042 | 14,211 | 1,538,768.22 | 3.3507 | 0.0792 | 10/31/2025 |
| 7 | SPDR Portfolio Emerging Markets ETF | 130,877 | 9,615 | 1,427,868.07 | 0.0096 | 0.0735 | 10/31/2025 |
| 8 | Invesco Golden Dragon China ETF | 104,066 | -9,054 | 1,135,360.06 | 0.7249 | 0.0584 | 10/31/2025 |
| 9 | Fidelity Nasdaq Composite Index Fund | 80,506 | 329 | 878,320.46 | 0.0037 | 0.0452 | 09/30/2025 |
| 10 | FinTrust Income & Opportunity Fund | 80,000 | -5,000 | 872,800 | 4.502 | 0.0449 | 08/31/2025 |
| 11 | CREF Stock Account | 77,100 | -18,300 | 841,161 | 0.0006 | 0.0433 | 08/31/2025 |
| 12 | iShares IV Plc - MSCI EM IMI ESG Screened UCITS ETF | 76,056 | 7,072 | 829,770.96 | 0.0121 | 0.0427 | 10/30/2025 |
| 13 | WisdomTree China ex-State-Owned Enterprises Fund | 71,540 | 71,540 | 780,501.4 | 0.147 | 0.0402 | 10/31/2025 |
| 14 | Lion-OCBC Securities Singapore Low Carbon ETF | 59,480 | 59,480 | 648,926.8 | 0.7083 | 0.0334 | 10/31/2025 |
| 15 | iShares MSCI China Small Cap ETF | 58,000 | 3,654 | 632,780 | 0.5951 | 0.0326 | 10/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Avenir Capital | 10,667,581 | 7,977,709 | 116,383,308.71 | 9.7363 | 5.9884 | 06/30/2025 |
| 2 | Sparta 24 Ltd. | 6,260,946 | 2,603,842 | 68,306,920.86 | 51.1528 | 3.5147 | 09/30/2025 |
| 3 | Jupiter Asset Management Ltd. | 2,534,300 | 2,534,300 | 27,649,213 | 0.0672 | 1.4227 | 06/30/2025 |
| 4 | Arrowstreet Capital LP | 3,247,099 | 2,397,261 | 35,425,850.09 | 0.0226 | 1.8228 | 06/30/2025 |
| 5 | Group One Trading LLC | 4,390,892 | 1,957,803 | 47,904,631.72 | 1.2141 | 2.4649 | 06/30/2025 |
| 6 | Leap Investments LP | 1,341,002 | 1,341,002 | 14,630,331.82 | 0.2188 | 0.7528 | 06/30/2025 |
| 7 | Jane Street Capital LLC | 5,857,764 | 1,180,748 | 63,908,205.24 | 0.0854 | 3.2883 | 06/30/2025 |
| 8 | JPMorgan Securities LLC (Investment Management) | 2,656,227 | 1,164,747 | 28,979,436.57 | 0.0144 | 1.4911 | 06/30/2025 |
| 9 | Citadel Securities LLC | 1,961,751 | 1,093,288 | 21,402,703.41 | 0.0637 | 1.1013 | 06/30/2025 |
| 10 | Morgan Stanley & Co. LLC | 3,525,701 | 934,968 | 38,465,397.91 | 0.0127 | 1.9792 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Millennium Management LLC | 39,195 | -2,359,549 | 427,617.45 | 0.0004 | 0.022 | 06/30/2025 |
| 2 | Two Sigma Investments LP | 239,480 | -1,971,305 | 2,612,726.8 | 0.0044 | 0.1344 | 06/30/2025 |
| 3 | Marshall Wace LLP | 937,037 | -1,328,784 | 10,223,073.67 | 0.011 | 0.526 | 06/30/2025 |
| 4 | D. E. Shaw & Co. LP | 1,309,001 | -1,262,302 | 14,281,200.91 | 0.0129 | 0.7348 | 06/30/2025 |
| 5 | IMC Chicago LLC | 0 | -859,211 | 0 | 0 | 0 | |
| 6 | Two Sigma Advisers LP | 166,900 | -709,500 | 1,820,879 | 0.0034 | 0.0937 | 06/30/2025 |
| 7 | Contrarius Investment Management Ltd. | 698,431 | -465,752 | 7,619,882.21 | 0.3072 | 0.3921 | 06/30/2025 |
| 8 | Voloridge Investment Management LLC | 0 | -356,829 | 0 | 0 | 0 | |
| 9 | Simplex Trading LLC | 504,169 | -271,637 | 5,500,483.79 | 0.1187 | 0.283 | 06/30/2025 |
| 10 | UBS Securities LLC | 347,266 | -244,655 | 3,788,672.06 | 0.0015 | 0.1949 | 06/30/2025 |
Data provided by FactSet Research Systems Inc.