| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Aquamarine Financial (Cayman) Ltd. | 9,026,675 | -3,947,020 | 428,586,529 | 31.0503 | 2.2953 | 03/31/2026 |
| 2 | North of South Capital LLP | 3,524,252 | 1,904,269 | 167,331,484.96 | 2.979 | 0.8962 | 03/31/2026 |
| 3 | JPMorgan Investment Management, Inc. | 3,452,727 | 863,109 | 163,935,477.96 | 0.016 | 0.878 | 03/31/2026 |
| 4 | Duquesne Family Office LLC | 3,235,962 | 3,121,267 | 153,643,475.76 | 4.715 | 0.8229 | 03/31/2026 |
| 5 | VR Advisory Services (USA) LLC | 3,231,396 | -374,137 | 153,426,682.08 | 16.8406 | 0.8217 | 03/31/2026 |
| 6 | Global X Management Co. LLC | 1,732,061 | -918,546 | 82,238,256.28 | 0.0789 | 0.4404 | 03/31/2026 |
| 7 | Ping Capital Management, Inc. | 1,378,200 | -638,800 | 65,436,936 | 25.8577 | 0.3505 | 03/31/2026 |
| 8 | TT International Asset Management Ltd. | 1,289,597 | 1,289,597 | 61,230,065.56 | 2.6899 | 0.3279 | 03/31/2026 |
| 9 | Jane Street Capital LLC | 1,223,721 | 995,544 | 58,102,273.08 | 0.0542 | 0.3112 | 03/31/2026 |
| 10 | Boston Management & Research | 1,210,361 | 935,509 | 57,467,940.28 | 0.088 | 0.3078 | 03/31/2026 |
| 11 | Russell Investment Management LLC | 1,064,621 | 598,859 | 50,548,205.08 | 0.0437 | 0.2707 | 03/31/2026 |
| 12 | JPMorgan Asset Management (UK) Ltd. | 1,059,441 | 141,054 | 50,302,258.68 | 0.0285 | 0.2694 | 03/31/2026 |
| 13 | Grantham, Mayo, Van Otterloo & Co. LLC | 926,178 | -449,400 | 43,974,931.44 | 0.0764 | 0.2355 | 03/31/2026 |
| 14 | Oaktree Capital Management LP | 886,465 | 886,465 | 42,089,358.2 | 0.7203 | 0.2254 | 03/31/2026 |
| 15 | Goldman Sachs & Co. LLC (Private Banking) | 792,033 | 551,325 | 37,605,726.84 | 0.0119 | 0.2014 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | JPMorgan Emerging Markets Equity Fund | 2,110,503 | 640,963 | 100,206,682.44 | 0.8716 | 0.5367 | 03/31/2026 |
| 2 | Global X MSCI Argentina ETF | 1,982,359 | -507,413 | 94,122,405.32 | 10.6693 | 0.5041 | 04/30/2026 |
| 3 | Pacific Capital UCITS Funds Plc - North of South EM | 1,326,815 | 668,623 | 62,997,176.2 | 1.6155 | 0.3374 | 03/31/2026 |
| 4 | JPMorgan Funds - Emerging Markets Equity Fund | 1,110,036 | 315,352 | 52,704,509.28 | 0.9971 | 0.2823 | 04/30/2026 |
| 5 | Eaton Vance Emerging & Frontier Countries Equity Fund | 938,713 | 475,900 | 44,570,093.24 | 1.2183 | 0.2387 | 03/31/2026 |
| 6 | Redwheel Emerging Markets Equity Fund Ltd. | 914,789 | 0 | 43,434,181.72 | 1.0536 | 0.2326 | 06/28/2024 |
| 7 | JPMorgan Fund ICVC - Emerging Markets Fund | 849,497 | 232,362 | 40,334,117.56 | 0.9849 | 0.216 | 04/30/2026 |
| 8 | GMO Resources Fund | 825,467 | -165,000 | 39,193,173.16 | 2.7687 | 0.2099 | 12/31/2025 |
| 9 | Eaton Vance Global Macro Capital Opportunities Portfolio | 493,413 | 30,600 | 23,427,249.24 | 0.6677 | 0.1255 | 01/31/2026 |
| 10 | YFS Argonaut Funds - Absolute Return Fund | 429,755 | 0 | 20,404,767.4 | 4.2988 | 0.1093 | 06/30/2025 |
| 11 | Pacific North of South Global Emerging Markets Equity | 406,806 | 213,385 | 19,315,148.88 | 2.4018 | 0.1034 | 03/31/2026 |
| 12 | BlackRock Frontiers Investment Trust Plc | 287,787 | 287,787 | 13,664,126.76 | 3.3507 | 0.0732 | 04/30/2026 |
| 13 | AYALON ZVULUN 5E Long Short Global Mutual Hedge Fund | 211,065 | -25,325 | 10,021,366.2 | 25.6249 | 0.0537 | 02/26/2026 |
| 14 | Russell Investment Co. - Tax-Managed Real Assets Fund | 209,140 | -8,678 | 9,929,967.2 | 0.6865 | 0.0532 | 03/31/2026 |
| 15 | Pacific NoS Global EM Equity Active ETF | 190,328 | 160,793 | 9,036,773.44 | 3.3115 | 0.0484 | 04/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Duquesne Family Office LLC | 3,235,962 | 3,121,267 | 153,643,475.76 | 4.715 | 0.8229 | 03/31/2026 |
| 2 | North of South Capital LLP | 3,524,252 | 1,904,269 | 167,331,484.96 | 2.979 | 0.8962 | 03/31/2026 |
| 3 | TT International Asset Management Ltd. | 1,289,597 | 1,289,597 | 61,230,065.56 | 2.6899 | 0.3279 | 03/31/2026 |
| 4 | Jane Street Capital LLC | 1,223,721 | 995,544 | 58,102,273.08 | 0.0542 | 0.3112 | 03/31/2026 |
| 5 | Boston Management & Research | 1,210,361 | 935,509 | 57,467,940.28 | 0.088 | 0.3078 | 03/31/2026 |
| 6 | Oaktree Capital Management LP | 886,465 | 886,465 | 42,089,358.2 | 0.7203 | 0.2254 | 03/31/2026 |
| 7 | JPMorgan Investment Management, Inc. | 3,452,727 | 863,109 | 163,935,477.96 | 0.016 | 0.878 | 03/31/2026 |
| 8 | Russell Investment Management LLC | 1,064,621 | 598,859 | 50,548,205.08 | 0.0437 | 0.2707 | 03/31/2026 |
| 9 | BlackRock Investment Management (UK) Ltd. | 560,064 | 560,064 | 26,591,838.72 | 0.0031 | 0.1424 | 03/31/2026 |
| 10 | Goldman Sachs & Co. LLC (Private Banking) | 792,033 | 551,325 | 37,605,726.84 | 0.0119 | 0.2014 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Aquamarine Financial (Cayman) Ltd. | 9,026,675 | -3,947,020 | 428,586,529 | 31.0503 | 2.2953 | 03/31/2026 |
| 2 | NWI Management LP | 0 | -1,080,000 | 0 | 0 | 0 | |
| 3 | Global X Management Co. LLC | 1,732,061 | -918,546 | 82,238,256.28 | 0.0789 | 0.4404 | 03/31/2026 |
| 4 | Ping Capital Management, Inc. | 1,378,200 | -638,800 | 65,436,936 | 25.8577 | 0.3505 | 03/31/2026 |
| 5 | Grantham, Mayo, Van Otterloo & Co. LLC | 926,178 | -449,400 | 43,974,931.44 | 0.0764 | 0.2355 | 03/31/2026 |
| 6 | Group One Trading LLC | 0 | -405,574 | 0 | 0 | 0 | |
| 7 | VR Advisory Services (USA) LLC | 3,231,396 | -374,137 | 153,426,682.08 | 16.8406 | 0.8217 | 03/31/2026 |
| 8 | Morgan Stanley & Co. International Plc | 198,516 | -310,317 | 9,425,539.68 | 0.078 | 0.0505 | 03/31/2026 |
| 9 | UBS Switzerland AG (Investment Management) | 284,800 | -228,235 | 13,522,304 | 0.0264 | 0.0724 | 03/31/2026 |
| 10 | JPMorgan Securities LLC (Investment Management) | 300,284 | -210,129 | 14,257,484.32 | 0.0068 | 0.0764 | 03/31/2026 |
Data provided by FactSet Research Systems Inc.