| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | VR Advisory Services (USA) LLC | 3,605,533 | 200,000 | 129,474,690.03 | 26.2144 | 0.9168 | 09/30/2025 |
| 2 | Global X Management Co. LLC | 2,650,607 | 479,639 | 95,183,297.37 | 0.1188 | 0.674 | 09/30/2025 |
| 3 | JPMorgan Investment Management, Inc. | 2,589,618 | 2,409,531 | 92,993,182.38 | 0.0093 | 0.6585 | 09/30/2025 |
| 4 | Ping Capital Management, Inc. | 2,017,000 | 1,232,400 | 72,430,470 | 31.0811 | 0.5129 | 09/30/2025 |
| 5 | North of South Capital LLP | 1,619,983 | 232,633 | 58,173,589.53 | 1.3749 | 0.4119 | 09/30/2025 |
| 6 | Grantham, Mayo, Van Otterloo & Co. LLC | 1,375,578 | -266,300 | 49,397,005.98 | 0.0972 | 0.3498 | 09/30/2025 |
| 7 | NWI Management LP | 1,080,000 | -920,000 | 38,782,800 | 3.4302 | 0.2746 | 09/30/2025 |
| 8 | JPMorgan Asset Management (UK) Ltd. | 918,387 | 635,890 | 32,979,277.17 | 0.0202 | 0.2335 | 09/30/2025 |
| 9 | Citadel Securities LLC | 601,043 | -102,971 | 21,583,454.13 | 0.0595 | 0.1528 | 09/30/2025 |
| 10 | UBS Switzerland AG (Investment Management) | 513,035 | 364,886 | 18,423,086.85 | 0.0376 | 0.1305 | 09/30/2025 |
| 11 | JPMorgan Securities LLC (Investment Management) | 510,413 | -640,249 | 18,328,930.83 | 0.0088 | 0.1298 | 09/30/2025 |
| 12 | Morgan Stanley & Co. International Plc | 508,833 | -181,153 | 18,272,193.03 | 0.1715 | 0.1294 | 09/30/2025 |
| 13 | Russell Investment Management LLC | 465,762 | -71,281 | 16,725,513.42 | 0.0164 | 0.1184 | 09/30/2025 |
| 14 | Group One Trading LLC | 405,574 | 123,952 | 14,564,162.34 | 0.4317 | 0.1031 | 09/30/2025 |
| 15 | Ayalon Mutual Funds Ltd. | 399,363 | 160,341 | 14,341,125.33 | 0.8291 | 0.1016 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Global X MSCI Argentina ETF | 1,730,618 | -721,567 | 62,146,492.38 | 7.9178 | 0.4401 | 11/28/2025 |
| 2 | JPMorgan Emerging Markets Equity Fund | 1,469,540 | 105,309 | 52,771,181.4 | 0.5639 | 0.3737 | 10/31/2025 |
| 3 | GMO Resources Fund | 990,467 | -132,600 | 35,567,669.97 | 2.7333 | 0.2519 | 09/30/2025 |
| 4 | Redwheel Emerging Markets Equity Fund Ltd. | 914,789 | 0 | 32,850,072.99 | 0.9227 | 0.2326 | 06/28/2024 |
| 5 | JPMorgan Funds - Emerging Markets Equity Fund | 807,233 | 12,549 | 28,987,737.03 | 0.6572 | 0.2053 | 11/30/2025 |
| 6 | Pacific Capital UCITS Funds Plc - North of South EM | 658,192 | 11,260 | 23,635,674.72 | 0.7453 | 0.1674 | 10/31/2025 |
| 7 | JPMorgan Fund ICVC - Emerging Markets Fund | 617,135 | 0 | 22,161,317.85 | 0.6668 | 0.1569 | 11/30/2025 |
| 8 | Eaton Vance Emerging & Frontier Countries Equity Fund | 462,813 | 169,620 | 16,619,614.83 | 0.623 | 0.1177 | 10/31/2025 |
| 9 | Eaton Vance Global Macro Capital Opportunities Portfolio | 293,193 | 27,700 | 10,528,560.63 | 0.456 | 0.0746 | 07/31/2025 |
| 10 | AYALON ZVULUN 5E Long Short Global Mutual Hedge Fund | 251,200 | 134,460 | 9,020,592 | 24.1212 | 0.0639 | 09/30/2025 |
| 11 | Russell Investment Co. - Tax-Managed Real Assets Fund | 241,397 | 48,383 | 8,668,566.27 | 0.7069 | 0.0614 | 11/30/2025 |
| 12 | Pacific North of South Global Emerging Markets Equity | 193,421 | 193,421 | 6,945,748.11 | 1.3725 | 0.0492 | 10/31/2025 |
| 13 | Russell Tax Managed International Equity Fund | 181,696 | -39,312 | 6,524,703.36 | 0.1237 | 0.0462 | 11/30/2025 |
| 14 | Ayalon Zvulun 4D Global Stocks | 139,482 | 17,200 | 5,008,798.62 | 9.2761 | 0.0355 | 09/30/2025 |
| 15 | GMO Investments ICAV - Resources UCITS Fund | 117,687 | 0 | 4,226,140.17 | 2.5029 | 0.0299 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | JPMorgan Investment Management, Inc. | 2,589,618 | 2,409,531 | 92,993,182.38 | 0.0093 | 0.6585 | 09/30/2025 |
| 2 | Ping Capital Management, Inc. | 2,017,000 | 1,232,400 | 72,430,470 | 31.0811 | 0.5129 | 09/30/2025 |
| 3 | JPMorgan Asset Management (UK) Ltd. | 918,387 | 635,890 | 32,979,277.17 | 0.0202 | 0.2335 | 09/30/2025 |
| 4 | Global X Management Co. LLC | 2,650,607 | 479,639 | 95,183,297.37 | 0.1188 | 0.674 | 09/30/2025 |
| 5 | UBS Switzerland AG (Investment Management) | 513,035 | 364,886 | 18,423,086.85 | 0.0376 | 0.1305 | 09/30/2025 |
| 6 | Kapitalo Investimentos Ltda. | 257,612 | 257,612 | 9,250,846.92 | 0.2762 | 0.0655 | 09/30/2025 |
| 7 | JPMorgan Asset Management (Canada) Inc. | 239,055 | 239,055 | 8,584,465.05 | 0.0871 | 0.0608 | 09/30/2025 |
| 8 | North of South Capital LLP | 1,619,983 | 232,633 | 58,173,589.53 | 1.3749 | 0.4119 | 09/30/2025 |
| 9 | VR Advisory Services (USA) LLC | 3,605,533 | 200,000 | 129,474,690.03 | 26.2144 | 0.9168 | 09/30/2025 |
| 10 | Millennium Management LLC | 317,932 | 192,370 | 11,416,938.12 | 0.0088 | 0.0808 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Duquesne Family Office LLC | 114,695 | -1,960,695 | 4,118,697.45 | 0.0915 | 0.0292 | 09/30/2025 |
| 2 | William Blair Investment Management LLC | 0 | -1,680,840 | 0 | 0 | 0 | |
| 3 | Cooper Creek Partners Management LLC | 0 | -1,053,872 | 0 | 0 | 0 | |
| 4 | Encompass Capital Advisors LLC | 0 | -999,047 | 0 | 0 | 0 | |
| 5 | BNP Paribas Financial Markets | 211,011 | -968,931 | 7,577,405.01 | 0.0056 | 0.0537 | 09/30/2025 |
| 6 | Voloridge Investment Management LLC | 189,020 | -942,530 | 6,787,708.2 | 0.0222 | 0.0481 | 09/30/2025 |
| 7 | CI Investments, Inc. | 0 | -931,593 | 0 | 0 | 0 | |
| 8 | NWI Management LP | 1,080,000 | -920,000 | 38,782,800 | 3.4302 | 0.2746 | 09/30/2025 |
| 9 | Two Sigma Investments LP | 0 | -788,280 | 0 | 0 | 0 | |
| 10 | JPMorgan Securities LLC (Investment Management) | 510,413 | -640,249 | 18,328,930.83 | 0.0088 | 0.1298 | 09/30/2025 |
Data provided by FactSet Research Systems Inc.