| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Acadian Asset Management LLC | 5,739,263 | -646,022 | 642,399,392.2 | 0.9585 | 3.5695 | 09/30/2025 |
| 2 | The Vanguard Group, Inc. | 4,595,408 | 101,459 | 514,366,967.69 | 0.0069 | 2.8581 | 09/30/2025 |
| 3 | UBS Asset Management Switzerland AG | 4,132,061 | -69,144 | 462,504,240.51 | 0.1023 | 2.5699 | 09/30/2025 |
| 4 | BlackRock Fund Advisors | 3,254,577 | 84,873 | 364,286,893.05 | 0.0079 | 2.0242 | 11/28/2025 |
| 5 | Pictet Asset Management SA | 3,110,555 | 685,333 | 348,166,418.13 | 0.2256 | 1.9346 | 09/30/2025 |
| 6 | Vontobel Asset Management AG | 2,819,700 | 743,526 | 315,610,831.25 | 1.1416 | 1.7537 | 09/30/2025 |
| 7 | Zurcher Kantonalbank (Investment Management) | 2,727,701 | 125,784 | 305,313,324.11 | 0.2992 | 1.6965 | 09/30/2025 |
| 8 | BlackRock Advisors (UK) Ltd. | 2,110,257 | -256,199 | 236,202,420.79 | 0.0259 | 1.3125 | 11/28/2025 |
| 9 | Arrowstreet Capital LP | 2,084,820 | -744,877 | 233,355,241.05 | 0.1372 | 1.2967 | 09/30/2025 |
| 10 | Bank Vontobel AG | 1,992,593 | -171,849 | 223,032,213.73 | 4.473 | 1.2393 | 09/30/2025 |
| 11 | UBS Securities LLC | 1,979,055 | 810,183 | 221,516,896.7 | 0.0901 | 1.2309 | 09/30/2025 |
| 12 | Renaissance Technologies LLC | 1,958,008 | 202,700 | 219,161,092.48 | 0.2886 | 1.2178 | 09/30/2025 |
| 13 | JPMorgan Asset Management (UK) Ltd. | 1,390,573 | 593,208 | 155,647,728.64 | 0.0968 | 0.8649 | 09/30/2025 |
| 14 | Vanguard Fiduciary Trust Co. | 1,316,829 | 18,915 | 147,393,515.37 | 0.0348 | 0.819 | 09/30/2025 |
| 15 | The Caisse de depot et placement du Quebec | 1,173,769 | 21,518 | 131,380,717.73 | 0.1196 | 0.73 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Vanguard Total International Stock Index Fund | 2,140,672 | -17,454 | 239,606,791.27 | 0.0418 | 1.3314 | 10/31/2025 |
| 2 | Vanguard FTSE Developed Markets ETF | 1,377,234 | 52,479 | 154,154,685.8 | 0.058 | 0.8566 | 10/31/2025 |
| 3 | Caisse de depot et placement du Quebec Fund - Portfolio | 1,153,367 | 0 | 129,097,108.77 | 0.0382 | 0.7173 | 12/31/2024 |
| 4 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 1,115,412 | 13,680 | 124,848,781.25 | 0.0424 | 0.6937 | 10/31/2025 |
| 5 | iShares Core MSCI EAFE ETF | 1,041,799 | 58,299 | 116,609,230.9 | 0.0722 | 0.6479 | 11/28/2025 |
| 6 | SaraSelect | 1,000,000 | 400,000 | 111,930,642 | 7.0109 | 0.622 | 09/30/2025 |
| 7 | UBS CH Index Fund - Equities Switzerland All NSL | 990,301 | -39,712 | 110,845,026.7 | 0.8333 | 0.6159 | 11/28/2025 |
| 8 | Swisscanto (CH) Index Fund V - Equity Fd. Switzerland To. Res. | 886,286 | -5,510 | 99,202,560.98 | 0.8968 | 0.5512 | 10/31/2025 |
| 9 | Pictet (CH) - Swiss Mid Small Cap | 760,000 | 110,000 | 85,067,287.92 | 5.378 | 0.4727 | 08/31/2025 |
| 10 | UBS (CH) Equity Fund - Mid Caps Switzerland (CHF) | 582,273 | 0 | 65,174,190.71 | 3.2155 | 0.3621 | 05/30/2025 |
| 11 | UBS CH Index Fund - Equities Switzerland All ESG NSL | 579,329 | -58,427 | 64,844,666.9 | 0.8777 | 0.3603 | 11/28/2025 |
| 12 | UBS (CH) Instl. Fund - Equities Switzerland Passive All II | 546,484 | -56,147 | 61,168,304.96 | 0.8228 | 0.3399 | 11/28/2025 |
| 13 | Fidelity International Index Fund | 536,246 | 38,979 | 60,022,359.05 | 0.0837 | 0.3335 | 10/31/2025 |
| 14 | Raiffeisen Futura - Swiss Stock | 525,000 | 75,000 | 58,763,587.05 | 2.0218 | 0.3265 | 08/31/2025 |
| 15 | iShares MSCI EAFE ETF | 515,120 | 0 | 57,657,712.31 | 0.0833 | 0.3204 | 11/28/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | UBS Securities LLC | 1,979,055 | 810,183 | 221,516,896.7 | 0.0901 | 1.2309 | 09/30/2025 |
| 2 | Barclays Capital Luxembourg SARL | 1,066,813 | 800,000 | 119,409,063.98 | 0.5095 | 0.6635 | 09/30/2025 |
| 3 | Vontobel Asset Management AG | 2,819,700 | 743,526 | 315,610,831.25 | 1.1416 | 1.7537 | 09/30/2025 |
| 4 | Pictet Asset Management SA | 3,110,555 | 685,333 | 348,166,418.13 | 0.2256 | 1.9346 | 09/30/2025 |
| 5 | Goldman Sachs & Co. LLC (Private Banking) | 850,036 | 597,526 | 95,145,075.2 | 0.0411 | 0.5287 | 09/30/2025 |
| 6 | JPMorgan Asset Management (UK) Ltd. | 1,390,573 | 593,208 | 155,647,728.64 | 0.0968 | 0.8649 | 09/30/2025 |
| 7 | JPMorgan Mansart Management Ltd. | 572,994 | 572,994 | 64,135,586.28 | 0.4931 | 0.3564 | 09/30/2025 |
| 8 | Merrill Lynch International (Investment Management) | 992,768 | 565,790 | 111,121,159.6 | 0.434 | 0.6175 | 09/30/2025 |
| 9 | JPMorgan Securities LLC (Investment Management) | 1,084,905 | 504,412 | 121,434,113.16 | 0.0589 | 0.6748 | 09/30/2025 |
| 10 | Marshall Wace LLP | 550,833 | 460,770 | 61,655,091.32 | 0.066 | 0.3426 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Norges Bank Investment Management | 468,942 | -1,428,792 | 52,488,979.12 | 0.0035 | 0.2917 | 06/30/2025 |
| 2 | Barclays Capital Securities Ltd. | 871,087 | -1,196,736 | 97,501,327.15 | 0.215 | 0.5418 | 09/30/2025 |
| 3 | AllianceBernstein LP | 59,044 | -973,043 | 6,608,832.83 | 0.0019 | 0.0367 | 09/30/2025 |
| 4 | Assenagon Asset Management SA (Germany) | 36,612 | -850,093 | 4,098,004.66 | 0.0054 | 0.0228 | 09/30/2025 |
| 5 | Liontrust Investment Partners LLP | 0 | -785,336 | 0 | 0 | 0 | |
| 6 | Arrowstreet Capital LP | 2,084,820 | -744,877 | 233,355,241.05 | 0.1372 | 1.2967 | 09/30/2025 |
| 7 | Barclays Bank Plc (Private Banking) | 885,807 | -695,688 | 99,148,946.2 | 0.0492 | 0.5509 | 09/30/2025 |
| 8 | Acadian Asset Management LLC | 5,739,263 | -646,022 | 642,399,392.2 | 0.9585 | 3.5695 | 09/30/2025 |
| 9 | Quoniam Asset Management GmbH | 421,207 | -565,890 | 47,145,969.92 | 0.7939 | 0.262 | 09/30/2025 |
| 10 | SEB Funds AB | 369,640 | -563,168 | 41,374,042.51 | 0.062 | 0.2299 | 11/28/2025 |
Data provided by FactSet Research Systems Inc.