| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Avenir Capital | 10,667,580 | 7,977,708 | 93,768,028.2 | 9.5681 | 5.9137 | 09/30/2025 |
| 2 | Susquehanna Financial Group LLLP | 6,811,001 | 5,031,609 | 59,868,698.79 | 0.093 | 3.7757 | 09/30/2025 |
| 3 | Sparta 24 Ltd. | 6,260,946 | 2,603,842 | 55,033,715.34 | 44.2512 | 3.4708 | 09/30/2025 |
| 4 | Arrowstreet Capital LP | 5,408,122 | 4,558,284 | 47,537,392.38 | 0.0281 | 2.998 | 09/30/2025 |
| 5 | Group One Trading LLC | 4,278,393 | 1,845,304 | 37,607,074.47 | 1.1556 | 2.3718 | 09/30/2025 |
| 6 | Jane Street Capital LLC | 3,424,893 | -1,252,123 | 30,104,809.47 | 0.0353 | 1.8986 | 09/30/2025 |
| 7 | D. E. Shaw & Co. LP | 2,018,327 | -552,976 | 17,741,094.33 | 0.0144 | 1.1189 | 09/30/2025 |
| 8 | NBC Global Finance Ltd. | 1,976,600 | 1,976,600 | 17,374,314 | 0.0771 | 1.0957 | 09/30/2025 |
| 9 | BlackRock Fund Advisors | 1,822,842 | -183,336 | 16,022,781.18 | 0.0004 | 1.0105 | 09/30/2025 |
| 10 | Numeric Investors LLC | 1,790,546 | 1,672,217 | 15,738,899.34 | 0.0397 | 0.9926 | 09/30/2025 |
| 11 | Morgan Stanley & Co. LLC | 1,738,011 | -852,722 | 15,277,116.69 | 0.0053 | 0.9635 | 09/30/2025 |
| 12 | Walleye Capital LLC | 1,731,899 | -493,295 | 15,223,392.21 | 0.0812 | 0.9601 | 09/30/2025 |
| 13 | Jupiter Asset Management Ltd. | 1,638,770 | 1,638,770 | 14,404,788.3 | 0.0353 | 0.9085 | 09/30/2025 |
| 14 | Goldman Sachs & Co. LLC (Private Banking) | 1,553,782 | -580,125 | 13,657,743.78 | 0.006 | 0.8614 | 09/30/2025 |
| 15 | JPMorgan Securities LLC (Investment Management) | 1,155,440 | -336,040 | 10,156,317.6 | 0.005 | 0.6405 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares Core MSCI Emerging Markets ETF | 1,170,143 | 126,331 | 10,285,556.97 | 0.0089 | 0.6487 | 11/28/2025 |
| 2 | Jupiter Asset Mgmt. Series Plc - Global Eq. Abs. Ret. Fd. | 1,078,739 | 1,078,739 | 9,482,115.81 | 0.2194 | 0.598 | 08/29/2025 |
| 3 | Delphi Global | 625,863 | 625,863 | 5,501,335.77 | 0.7383 | 0.347 | 10/31/2025 |
| 4 | TOPS Market Neutral UCITS FUND | 417,613 | 0 | 3,670,818.27 | 0.1511 | 0.2315 | 03/31/2025 |
| 5 | iShares plc - Core MSCI Emerging Markets IMI UCITS ETF | 279,512 | 14,869 | 2,456,910.48 | 0.0078 | 0.155 | 11/28/2025 |
| 6 | AdvisorShares Dorsey Wright ADR ETF | 141,042 | -13,024 | 1,239,759.18 | 2.6615 | 0.0782 | 11/28/2025 |
| 7 | SPDR Portfolio Emerging Markets ETF | 137,681 | 16,419 | 1,210,215.99 | 0.008 | 0.0763 | 11/28/2025 |
| 8 | Invesco Golden Dragon China ETF | 100,250 | -8,355 | 881,197.5 | 0.639 | 0.0556 | 11/28/2025 |
| 9 | Fidelity Nasdaq Composite Index Fund | 80,506 | 329 | 707,647.74 | 0.0031 | 0.0446 | 10/31/2025 |
| 10 | FinTrust Income & Opportunity Fund | 80,000 | 5,000 | 703,200 | 3.6515 | 0.0443 | 08/31/2025 |
| 11 | CREF Stock Account | 77,100 | -18,300 | 677,709 | 0.0005 | 0.0427 | 10/31/2025 |
| 12 | iShares IV Plc - MSCI EM IMI ESG Screened UCITS ETF | 76,056 | 1,456 | 668,532.24 | 0.0101 | 0.0422 | 11/28/2025 |
| 13 | WisdomTree China ex-State-Owned Enterprises Fund | 70,968 | 70,968 | 623,808.72 | 0.1248 | 0.0393 | 11/28/2025 |
| 14 | Jupiter Investment Mgmt. Series II - Merian Asia Pacific Fund | 66,000 | -101,200 | 580,140 | 0.1176 | 0.0366 | 08/29/2025 |
| 15 | iShares MSCI China Small Cap ETF | 65,076 | 10,730 | 572,018.04 | 0.5758 | 0.0361 | 11/28/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Avenir Capital | 10,667,580 | 7,977,708 | 93,768,028.2 | 9.5681 | 5.9137 | 09/30/2025 |
| 2 | Susquehanna Financial Group LLLP | 6,811,001 | 5,031,609 | 59,868,698.79 | 0.093 | 3.7757 | 09/30/2025 |
| 3 | Arrowstreet Capital LP | 5,408,122 | 4,558,284 | 47,537,392.38 | 0.0281 | 2.998 | 09/30/2025 |
| 4 | Sparta 24 Ltd. | 6,260,946 | 2,603,842 | 55,033,715.34 | 44.2512 | 3.4708 | 09/30/2025 |
| 5 | NBC Global Finance Ltd. | 1,976,600 | 1,976,600 | 17,374,314 | 0.0771 | 1.0957 | 09/30/2025 |
| 6 | Group One Trading LLC | 4,278,393 | 1,845,304 | 37,607,074.47 | 1.1556 | 2.3718 | 09/30/2025 |
| 7 | Numeric Investors LLC | 1,790,546 | 1,672,217 | 15,738,899.34 | 0.0397 | 0.9926 | 09/30/2025 |
| 8 | Jupiter Asset Management Ltd. | 1,638,770 | 1,638,770 | 14,404,788.3 | 0.0353 | 0.9085 | 09/30/2025 |
| 9 | Trexquant Investment LP | 1,066,097 | 1,066,097 | 9,370,992.63 | 0.0941 | 0.591 | 09/30/2025 |
| 10 | Citigroup Global Markets, Inc. (Investment Management) | 1,077,258 | 1,058,711 | 9,469,097.82 | 0.0079 | 0.5972 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Millennium Management LLC | 98,918 | -2,299,826 | 869,489.22 | 0.0007 | 0.0548 | 09/30/2025 |
| 2 | Two Sigma Investments LP | 0 | -2,210,785 | 0 | 0 | 0 | |
| 3 | Marshall Wace LLP | 883,610 | -1,382,211 | 7,766,931.9 | 0.0084 | 0.4898 | 09/30/2025 |
| 4 | Jane Street Capital LLC | 3,424,893 | -1,252,123 | 30,104,809.47 | 0.0353 | 1.8986 | 09/30/2025 |
| 5 | Contrarius Investment Management Ltd. | 0 | -1,164,183 | 0 | 0 | 0 | |
| 6 | Canada Pension Plan Investment Board | 0 | -1,102,050 | 0 | 0 | 0 | |
| 7 | IMC Chicago LLC | 0 | -859,211 | 0 | 0 | 0 | |
| 8 | Morgan Stanley & Co. LLC | 1,738,011 | -852,722 | 15,277,116.69 | 0.0053 | 0.9635 | 09/30/2025 |
| 9 | Bank of America, NA (Private Banking) | 52,022 | -807,419 | 457,273.38 | 0.0001 | 0.0288 | 09/30/2025 |
| 10 | Two Sigma Advisers LP | 78,900 | -797,500 | 693,531 | 0.0014 | 0.0437 | 09/30/2025 |
Data provided by FactSet Research Systems Inc.