| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Orbis Investment Management Ltd. | 6,943,858 | -337,550 | 66,869,352.54 | 0.1632 | 22.1984 | 12/31/2025 |
| 2 | The Vanguard Group, Inc. | 825,253 | 27,412 | 7,947,186.39 | 0.0001 | 2.6382 | 12/31/2025 |
| 3 | Acadian Asset Management LLC | 431,966 | -79,507 | 4,159,832.58 | 0.0057 | 1.3809 | 12/31/2025 |
| 4 | Franklin Templeton Sealand Fund Management Co., Ltd. | 425,062 | 0 | 4,093,347.06 | 0.1054 | 1.3589 | 06/30/2025 |
| 5 | Connor, Clark & Lunn Investment Management Ltd. | 243,446 | -9,347 | 2,344,384.98 | 0.0053 | 0.7783 | 12/31/2025 |
| 6 | Vanguard Fiduciary Trust Co. | 211,666 | 0 | 2,038,343.58 | 0.0004 | 0.6767 | 12/31/2025 |
| 7 | GSA Capital Partners LLP | 73,111 | 52,858 | 704,058.93 | 0.0578 | 0.2337 | 12/31/2025 |
| 8 | Renaissance Technologies LLC | 62,000 | -6,700 | 597,060 | 0.0009 | 0.1982 | 12/31/2025 |
| 9 | Qube Research & Technologies Ltd. | 57,838 | -39,991 | 556,979.94 | 0.0008 | 0.1849 | 12/31/2025 |
| 10 | Marshall Wace LLP | 38,387 | -1,016 | 369,666.81 | 0.0003 | 0.1227 | 12/31/2025 |
| 11 | The California Public Employees Retirement System | 37,087 | -222 | 357,147.81 | 0.0002 | 0.1186 | 12/31/2025 |
| 12 | Ohio Public Employees Retirement System | 29,286 | 0 | 282,024.18 | 0.0009 | 0.0936 | 12/31/2025 |
| 13 | Invesco Capital Management LLC | 27,797 | -1,186 | 267,685.11 | 0.0001 | 0.0889 | 12/31/2025 |
| 14 | Morgan Stanley Smith Barney LLC (Investment Management) | 11,170 | -751 | 107,567.1 | 0 | 0.0357 | 12/31/2025 |
| 15 | Vident Advisory LLC | 10,794 | -1,868 | 103,946.22 | 0.0008 | 0.0345 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Orbis SICAV - Emerging Markets Equity Fund | 6,772,817 | -562,463 | 65,222,227.71 | 1.9608 | 21.6516 | 12/31/2025 |
| 2 | Vanguard Total International Stock Index Fund | 369,834 | 0 | 3,561,501.42 | 0.0006 | 1.1823 | 02/28/2026 |
| 3 | Franklin Templeton Sealand Greater China Select Balanced Fund | 350,033 | 0 | 3,370,817.79 | 0.8402 | 1.119 | 06/30/2025 |
| 4 | Vanguard Emerging Markets Stock Index Fund | 345,764 | 27,412 | 3,329,707.32 | 0.0021 | 1.1054 | 02/28/2026 |
| 5 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 185,289 | 0 | 1,784,333.07 | 0.0006 | 0.5923 | 02/28/2026 |
| 6 | Vanguard FTSE All World (ex-US) Small Cap | 98,155 | 7,091 | 945,232.65 | 0.0071 | 0.3138 | 02/28/2026 |
| 7 | Franklin Templeton Sealand Asia (ex-Japan) Opportunities Fund | 75,029 | 0 | 722,529.27 | 1.5357 | 0.2399 | 06/30/2025 |
| 8 | Invesco Golden Dragon China ETF | 27,045 | -1,938 | 260,443.35 | 0.2308 | 0.0865 | 03/31/2026 |
| 9 | Vanguard Institutional Total Intl. Stock Market Index Trust | 26,377 | 0 | 254,010.51 | 0.0005 | 0.0843 | 01/31/2026 |
| 10 | CC&L UCITS ICAV - Q Emerging Markets Equity UCITS Fund | 21,023 | 0 | 202,451.49 | 0.0105 | 0.0672 | 02/27/2026 |
| 11 | Dimensional Emerging Markets Core Equity 2 ETF | 18,612 | 4,762 | 179,233.56 | 0.0022 | 0.0595 | 03/31/2026 |
| 12 | Vanguard Total World Stock Index Fund | 14,330 | 0 | 137,997.9 | 0.0002 | 0.0458 | 02/28/2026 |
| 13 | Dimensional World ex-US Core Equity 2 ETF | 13,394 | 7,124 | 128,984.22 | 0.0011 | 0.0428 | 03/31/2026 |
| 14 | DFA Emerging Markets Core Equity 2 Portfolio | 12,744 | 3,405 | 122,724.72 | 0.0003 | 0.0407 | 12/31/2025 |
| 15 | DFA Emerging Markets Social Core Equity Portfolio | 7,159 | 0 | 68,941.17 | 0.0034 | 0.0229 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | GSA Capital Partners LLP | 73,111 | 52,858 | 704,058.93 | 0.0578 | 0.2337 | 12/31/2025 |
| 2 | The Vanguard Group, Inc. | 825,253 | 27,412 | 7,947,186.39 | 0.0001 | 2.6382 | 12/31/2025 |
| 3 | UBS Securities LLC | 7,767 | 7,217 | 74,796.21 | 0 | 0.0248 | 12/31/2025 |
| 4 | SLGI Asset Management, Inc. | 3,365 | 3,365 | 32,404.95 | 0.0006 | 0.0108 | 12/31/2025 |
| 5 | Morgan Stanley & Co. LLC | 10,518 | 828 | 101,288.34 | 0 | 0.0336 | 12/31/2025 |
| 6 | Bank of America, NA (Private Banking) | 6,135 | 524 | 59,080.05 | 0 | 0.0196 | 12/31/2025 |
| 7 | UBS Switzerland AG (Investment Management) | 7,110 | 517 | 68,469.3 | 0.0002 | 0.0227 | 12/31/2025 |
| 8 | Smartleaf Asset Management LLC | 509 | 509 | 4,901.67 | 0.0002 | 0.0016 | 12/31/2025 |
| 9 | NewEdge Advisors LLC | 576 | 96 | 5,546.88 | 0 | 0.0018 | 12/31/2025 |
| 10 | The Northwestern Mutual Life Insurance Co. (Invt Port) | 87 | 87 | 837.81 | 0 | 0.0003 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Orbis Investment Management Ltd. | 6,943,858 | -337,550 | 66,869,352.54 | 0.1632 | 22.1984 | 12/31/2025 |
| 2 | Acadian Asset Management LLC | 431,966 | -79,507 | 4,159,832.58 | 0.0057 | 1.3809 | 12/31/2025 |
| 3 | Walleye Capital LLC | 0 | -48,452 | 0 | 0 | 0 | |
| 4 | Qube Research & Technologies Ltd. | 57,838 | -39,991 | 556,979.94 | 0.0008 | 0.1849 | 12/31/2025 |
| 5 | Tidal Investments LLC | 0 | -29,434 | 0 | 0 | 0 | |
| 6 | Citadel Securities LLC | 0 | -25,297 | 0 | 0 | 0 | |
| 7 | Goldman Sachs & Co. LLC (Private Banking) | 0 | -11,968 | 0 | 0 | 0 | |
| 8 | Connor, Clark & Lunn Investment Management Ltd. | 243,446 | -9,347 | 2,344,384.98 | 0.0053 | 0.7783 | 12/31/2025 |
| 9 | Renaissance Technologies LLC | 62,000 | -6,700 | 597,060 | 0.0009 | 0.1982 | 12/31/2025 |
| 10 | Simplex Trading LLC | 0 | -2,758 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.