| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | PSG Asset Management (Pty) Ltd. | 3,021,850 | 3,021,850 | 24,788,235.55 | 1.0204 | 0.1898 | 06/30/2025 |
| 2 | Goehring & Rozencwajg Associates LLC | 1,427,655 | 2,800 | 11,711,053.96 | 1.4166 | 0.0897 | 05/31/2025 |
| 3 | AzValor Asset Management SGIIC SA | 75,258 | 0 | 617,341.37 | 0.0307 | 0.0047 | 12/31/2024 |
| 4 | Yousif Capital Management LLC | 33,487 | 8,928 | 274,693.86 | 0.0029 | 0.0021 | 06/30/2025 |
| 5 | INFIBA Vermogensverwaltungs AG (Liechtenstein) | 32,600 | 0 | 267,417.8 | 0.7028 | 0.002 | 12/31/2024 |
| 6 | Tuttle Capital Management LLC | 12,038 | 9,879 | 98,747.71 | 0.0099 | 0.0008 | 06/30/2025 |
| 7 | GAMMA Investing LLC | 7,911 | 5,281 | 64,893.93 | 0.004 | 0.0005 | 06/30/2025 |
| 8 | Causeway Capital Management LLC | 4,650 | 4,567 | 38,143.95 | 0.0001 | 0.0003 | 06/30/2025 |
| 9 | BTG Pactual WM Gestao de Recursos Ltda. | 3,820 | 0 | 31,335.46 | 0.0011 | 0.0002 | 03/31/2025 |
| 10 | Smith Group Asset Management LLC | 159 | 159 | 1,304.28 | 0.0001 | 0 | 05/30/2025 |
| 11 | Cambria Investment Management LP | 9 | 9 | 73.83 | 0 | 0 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | PSG Equity Fund | 3,021,850 | 3,021,850 | 24,788,235.55 | 3.7469 | 0.1898 | 06/30/2025 |
| 2 | Goehring & Rozencwajg Resources Fund | 1,427,655 | 2,800 | 11,711,053.96 | 2.1956 | 0.0897 | 05/31/2025 |
| 3 | Azvalor Managers, FI | 75,258 | 0 | 617,341.37 | 0.4849 | 0.0047 | 12/31/2024 |
| 4 | Chatrier Value Fund | 32,600 | 0 | 267,417.8 | 2.3039 | 0.002 | 12/31/2024 |
| 5 | National Security Emerging Markets Index ETF | 12,038 | 9,879 | 98,747.71 | 0.5316 | 0.0008 | 06/30/2025 |
| 6 | ActivePassive International Equity ETF | 4,650 | 4,567 | 38,143.95 | 0.0039 | 0.0003 | 06/30/2025 |
| 7 | Gaf FIM Credito Privado Investimento No Exterior | 3,820 | 0 | 31,335.46 | 0.4141 | 0.0002 | 03/31/2025 |
| 8 | Saratoga Adv. Trust - Energy & Basic Materials Portfolio | 159 | 159 | 1,304.28 | 0.1216 | 0 | 05/30/2025 |
| 9 | Cambria Endowment Style ETF | 9 | 9 | 73.83 | 0.0001 | 0 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | PSG Asset Management (Pty) Ltd. | 3,021,850 | 3,021,850 | 24,788,235.55 | 1.0204 | 0.1898 | 06/30/2025 |
| 2 | Tuttle Capital Management LLC | 12,038 | 9,879 | 98,747.71 | 0.0099 | 0.0008 | 06/30/2025 |
| 3 | Yousif Capital Management LLC | 33,487 | 8,928 | 274,693.86 | 0.0029 | 0.0021 | 06/30/2025 |
| 4 | GAMMA Investing LLC | 7,911 | 5,281 | 64,893.93 | 0.004 | 0.0005 | 06/30/2025 |
| 5 | Causeway Capital Management LLC | 4,650 | 4,567 | 38,143.95 | 0.0001 | 0.0003 | 06/30/2025 |
| 6 | Goehring & Rozencwajg Associates LLC | 1,427,655 | 2,800 | 11,711,053.96 | 1.4166 | 0.0897 | 05/31/2025 |
| 7 | Smith Group Asset Management LLC | 159 | 159 | 1,304.28 | 0.0001 | 0 | 05/30/2025 |
| 8 | Cambria Investment Management LP | 9 | 9 | 73.83 | 0 | 0 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Marshall Wace LLP | 0 | -23,470 | 0 | 0 | 0 | |
| 2 | MBH Investment Fund Management Private Ltd. Co. | 0 | -3,168 | 0 | 0 | 0 | |
| 3 | NISA Investment Advisors LLC | 0 | -3,000 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.