| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 38,564,272 | -6,249,901 | 950,609,304.8 | 0.8886 | 4.3087 | 03/31/2025 |
| 2 | First Eagle Investment Management LLC | 6,148,502 | -42,987 | 151,560,574.3 | 0.1661 | 0.687 | 03/31/2025 |
| 3 | Dimensional Fund Advisors LP | 5,250,373 | 79,059 | 129,421,694.45 | 0.0197 | 0.5866 | 03/31/2025 |
| 4 | RWC Asset Advisors (US) LLC | 5,058,302 | -1,712,356 | 124,687,144.3 | 2.417 | 0.5652 | 03/31/2025 |
| 5 | BlackRock Advisors (UK) Ltd. | 4,577,402 | 99,132 | 112,832,959.3 | 0.0139 | 0.5114 | 03/31/2025 |
| 6 | Massachusetts Financial Services Co. | 4,406,133 | 73,189 | 108,611,178.45 | 0.0333 | 0.4923 | 03/31/2025 |
| 7 | BlackRock Asset Management Canada Ltd. | 3,821,620 | 39,034 | 94,202,933 | 0.0943 | 0.427 | 03/31/2025 |
| 8 | DJE Kapital AG | 3,768,951 | 1,205,072 | 92,904,642.15 | 1.0916 | 0.4211 | 03/31/2025 |
| 9 | Invesco Advisers, Inc. | 3,679,227 | -53,500 | 90,692,945.55 | 0.0372 | 0.4111 | 03/31/2025 |
| 10 | Konwave AG | 3,515,667 | -11,000 | 86,661,191.55 | 4.516 | 0.3928 | 05/30/2025 |
| 11 | Orbis Investment Management Ltd. | 3,494,861 | -1,529,362 | 86,148,323.65 | 0.2518 | 0.3905 | 03/31/2025 |
| 12 | Robeco Institutional Asset Management BV | 3,308,969 | 2,723,006 | 81,566,085.85 | 0.0788 | 0.3697 | 06/30/2025 |
| 13 | American Century Investment Management, Inc. | 3,154,846 | 178,842 | 77,766,953.9 | 0.0332 | 0.3525 | 03/31/2025 |
| 14 | Goldman Sachs Asset Management LP | 3,107,330 | -639,436 | 76,595,684.5 | 0.0178 | 0.3472 | 03/31/2025 |
| 15 | Arrowstreet Capital LP | 3,003,641 | 3,003,641 | 74,039,750.65 | 0.0513 | 0.3356 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | VanEck Gold Miners ETF | 27,293,799 | -10,218,919 | 672,792,145.35 | 4.2263 | 3.0495 | 06/30/2025 |
| 2 | First Eagle Gold Fund | 5,927,329 | -900,000 | 146,108,659.85 | 4.0453 | 0.6623 | 04/30/2025 |
| 3 | Redwheel Emerging Markets Equity Fund Ltd. | 5,832,351 | 0 | 143,767,452.15 | 4.4893 | 0.6516 | 06/28/2024 |
| 4 | iShares V Plc - Gold Producers UCITS ETF | 4,971,474 | 529,861 | 122,546,834.1 | 4.5959 | 0.5555 | 06/30/2025 |
| 5 | Invesco Gold and Special Minerals Fund | 3,567,670 | -50,000 | 87,943,065.5 | 3.1793 | 0.3986 | 03/31/2025 |
| 6 | iShares S&P/TSX Global Gold Index ETF | 3,470,108 | -312,478 | 85,538,162.2 | 5.1238 | 0.3877 | 06/30/2025 |
| 7 | Multipartner SICAV - KONWAVE Gold Equity Fund | 3,300,000 | 0 | 81,345,000 | 5.5638 | 0.3687 | 12/31/2024 |
| 8 | VanEck UCITS ETFs Plc - Gold Miners UCITS ETF | 3,129,547 | -497,902 | 77,143,333.55 | 4.2306 | 0.3497 | 06/30/2025 |
| 9 | Orbis SICAV - International Equity Fund | 3,077,727 | 0 | 75,865,970.55 | 2.3898 | 0.3439 | 12/31/2024 |
| 10 | MFS Emerging Markets Equity Fund | 2,893,265 | -1,187,669 | 71,318,982.25 | 0.775 | 0.3233 | 05/31/2025 |
| 11 | DFA Emerging Markets Core Equity 2 Portfolio | 2,558,539 | 0 | 63,067,986.35 | 0.1963 | 0.2859 | 03/31/2025 |
| 12 | Victory Precious Metals and Minerals Fund | 2,139,741 | 14,290 | 52,744,615.65 | 6.9228 | 0.2391 | 06/30/2025 |
| 13 | CPR Invest - Global Gold Mines | 2,137,894 | 464,834 | 52,699,087.1 | 5.1626 | 0.2389 | 01/31/2025 |
| 14 | DJE - Zins & Dividende | 2,136,022 | 743,431 | 52,652,942.3 | 2.2693 | 0.2387 | 04/30/2025 |
| 15 | American Century Global Gold Fund | 1,897,800 | 8,400 | 46,780,770 | 4.3228 | 0.212 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Arrowstreet Capital LP | 3,003,641 | 3,003,641 | 74,039,750.65 | 0.0513 | 0.3356 | 03/31/2025 |
| 2 | Robeco Institutional Asset Management BV | 3,308,969 | 2,723,006 | 81,566,085.85 | 0.0788 | 0.3697 | 06/30/2025 |
| 3 | Clark Capital Management Group, Inc. | 2,226,626 | 2,226,626 | 54,886,330.9 | 0.3624 | 0.2488 | 03/31/2025 |
| 4 | UBS Asset Management (UK) Ltd. | 1,399,464 | 1,399,464 | 34,496,787.6 | 0.0163 | 0.1564 | 03/31/2025 |
| 5 | DJE Kapital AG | 3,768,951 | 1,205,072 | 92,904,642.15 | 1.0916 | 0.4211 | 03/31/2025 |
| 6 | CPR Asset Management SA | 2,833,458 | 773,157 | 69,844,739.7 | 0.2294 | 0.3166 | 03/31/2025 |
| 7 | Susquehanna Financial Group LLLP | 1,078,289 | 723,934 | 26,579,823.85 | 0.0389 | 0.1205 | 03/31/2025 |
| 8 | Connor, Clark & Lunn Investment Management Ltd. | 931,777 | 585,950 | 22,968,303.05 | 0.0787 | 0.1041 | 03/31/2025 |
| 9 | Cubist Systematic Strategies LLC | 456,405 | 456,405 | 11,250,383.25 | 0.1319 | 0.051 | 03/31/2025 |
| 10 | ABC Arbitrage Asset Management SA | 579,476 | 455,157 | 14,284,083.4 | 2.5957 | 0.0647 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 38,564,272 | -6,249,901 | 950,609,304.8 | 0.8886 | 4.3087 | 03/31/2025 |
| 2 | RWC Asset Advisors (US) LLC | 5,058,302 | -1,712,356 | 124,687,144.3 | 2.417 | 0.5652 | 03/31/2025 |
| 3 | Orbis Investment Management Ltd. | 3,494,861 | -1,529,362 | 86,148,323.65 | 0.2518 | 0.3905 | 03/31/2025 |
| 4 | Invesco Capital Management LLC | 0 | -1,169,518 | 0 | 0 | 0 | |
| 5 | RWC Asset Management LLP | 1,722,582 | -988,328 | 42,461,646.3 | 0.4577 | 0.1925 | 03/31/2025 |
| 6 | BlackRock Investment Management (UK) Ltd. | 2,263,296 | -806,557 | 55,790,246.4 | 0.0076 | 0.2529 | 03/31/2025 |
| 7 | Jane Street Capital LLC | 444,979 | -802,419 | 10,968,732.35 | 0.0164 | 0.0497 | 03/31/2025 |
| 8 | Twin Tree Management LP | 219 | -741,345 | 5,398.35 | 0.0001 | 0 | 03/31/2025 |
| 9 | Allianz Global Investors GmbH | 630,948 | -640,423 | 15,552,868.2 | 0.0166 | 0.0705 | 03/31/2025 |
| 10 | Goldman Sachs Asset Management LP | 3,107,330 | -639,436 | 76,595,684.5 | 0.0178 | 0.3472 | 03/31/2025 |
Data provided by FactSet Research Systems Inc.