| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Orbis Investment Management Ltd. | 7,497,430 | -841,958 | 81,647,012.7 | 0.2286 | 24.0067 | 06/30/2025 |
| 2 | The Vanguard Group, Inc. | 791,529 | -1,138 | 8,619,750.81 | 0.0001 | 2.5345 | 06/30/2025 |
| 3 | Franklin Templeton Sealand Fund Management Co., Ltd. | 425,062 | -19,702 | 4,628,925.18 | 0.1267 | 1.361 | 06/30/2025 |
| 4 | Acadian Asset Management LLC | 372,687 | 89,999 | 4,058,561.43 | 0.0067 | 1.1933 | 06/30/2025 |
| 5 | Vanguard Fiduciary Trust Co. | 211,666 | 5,828 | 2,305,042.74 | 0.0022 | 0.6778 | 06/30/2025 |
| 6 | Connor, Clark & Lunn Investment Management Ltd. | 202,764 | 65,308 | 2,208,099.96 | 0.0064 | 0.6492 | 06/30/2025 |
| 7 | Walleye Capital LLC | 115,204 | -76,518 | 1,254,571.56 | 0.0076 | 0.3689 | 06/30/2025 |
| 8 | Qube Research & Technologies Ltd. | 109,559 | 664 | 1,193,097.51 | 0.0016 | 0.3508 | 06/30/2025 |
| 9 | Bank of America, NA (Private Banking) | 68,594 | -42,680 | 746,988.66 | 0.0002 | 0.2196 | 06/30/2025 |
| 10 | Renaissance Technologies LLC | 58,400 | -1,900 | 635,976 | 0.0008 | 0.187 | 06/30/2025 |
| 11 | The California Public Employees Retirement System | 39,808 | 99 | 433,509.12 | 0.0002 | 0.1275 | 06/30/2025 |
| 12 | Tidal Investments LLC | 30,267 | 1,428 | 329,607.63 | 0.0018 | 0.0969 | 06/30/2025 |
| 13 | Invesco Capital Management LLC | 29,291 | -1,862 | 318,978.99 | 0.0001 | 0.0938 | 06/30/2025 |
| 14 | Susquehanna Financial Group LLLP | 26,241 | 2,145 | 285,764.49 | 0.0004 | 0.084 | 06/30/2025 |
| 15 | Marshall Wace LLP | 25,330 | -451 | 275,843.7 | 0.0003 | 0.0811 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Orbis SICAV - Emerging Markets Equity Fund | 8,639,324 | 0 | 94,082,238.36 | 2.9771 | 27.663 | 12/31/2024 |
| 2 | Vanguard Total International Stock Index Fund | 369,834 | 0 | 4,027,492.26 | 0.0007 | 1.1842 | 09/30/2025 |
| 3 | Franklin Templeton Sealand Greater China Select Balanced Fund | 350,033 | -26,731 | 3,811,859.37 | 1.1423 | 1.1208 | 06/30/2025 |
| 4 | Vanguard Emerging Markets Stock Index Fund | 318,352 | 0 | 3,466,853.28 | 0.0024 | 1.0194 | 09/30/2025 |
| 5 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 185,289 | 5,828 | 2,017,797.21 | 0.0007 | 0.5933 | 08/31/2025 |
| 6 | Vanguard FTSE All World (ex-US) Small Cap | 84,752 | 0 | 922,949.28 | 0.0077 | 0.2714 | 08/31/2025 |
| 7 | Franklin Templeton Sealand Asia (ex-Japan) Opportunities Fund | 75,029 | 7,029 | 817,065.81 | 2.1256 | 0.2402 | 06/30/2025 |
| 8 | Even Herd Long Short ETF | 29,434 | 595 | 320,536.26 | 0.547 | 0.0942 | 09/30/2025 |
| 9 | Invesco Golden Dragon China ETF | 28,983 | -2,170 | 315,624.87 | 0.2005 | 0.0928 | 09/30/2025 |
| 10 | Vanguard Institutional Total Intl. Stock Market Index Trust | 26,377 | 0 | 287,245.53 | 0.0007 | 0.0845 | 08/31/2025 |
| 11 | CC&L UCITS ICAV - Q Emerging Markets Equity UCITS Fund | 21,023 | 7,687 | 228,940.47 | 0.0142 | 0.0673 | 09/30/2025 |
| 12 | Vanguard Total World Stock Index Fund | 14,330 | 0 | 156,053.7 | 0.0002 | 0.0459 | 09/30/2025 |
| 13 | Dimensional Emerging Markets Core Equity 2 ETF | 13,850 | 13,850 | 150,826.5 | 0.0024 | 0.0443 | 09/30/2025 |
| 14 | Ayalon (4D) Global Stocks | 12,462 | 0 | 135,711.18 | 0.2095 | 0.0399 | 07/31/2025 |
| 15 | ActivePassive International Equity ETF | 9,964 | 9,964 | 108,507.96 | 0.0116 | 0.0319 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Acadian Asset Management LLC | 372,687 | 89,999 | 4,058,561.43 | 0.0067 | 1.1933 | 06/30/2025 |
| 2 | Connor, Clark & Lunn Investment Management Ltd. | 202,764 | 65,308 | 2,208,099.96 | 0.0064 | 0.6492 | 06/30/2025 |
| 3 | Jane Street Capital LLC | 19,158 | 19,158 | 208,630.62 | 0.0003 | 0.0613 | 06/30/2025 |
| 4 | UBS Switzerland AG (Investment Management) | 6,593 | 6,593 | 71,797.77 | 0.0002 | 0.0211 | 06/30/2025 |
| 5 | Vanguard Fiduciary Trust Co. | 211,666 | 5,828 | 2,305,042.74 | 0.0022 | 0.6778 | 06/30/2025 |
| 6 | Ohio Public Employees Retirement System | 21,557 | 5,565 | 234,755.73 | 0.0007 | 0.069 | 06/30/2025 |
| 7 | Susquehanna Financial Group LLLP | 26,241 | 2,145 | 285,764.49 | 0.0004 | 0.084 | 06/30/2025 |
| 8 | BofA Securities, Inc. | 1,895 | 1,895 | 20,636.55 | 0 | 0.0061 | 06/30/2025 |
| 9 | Tidal Investments LLC | 30,267 | 1,428 | 329,607.63 | 0.0018 | 0.0969 | 06/30/2025 |
| 10 | EverSource Wealth Advisors LLC | 1,153 | 1,061 | 12,556.17 | 0.0005 | 0.0037 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Orbis Investment Management Ltd. | 7,497,430 | -841,958 | 81,647,012.7 | 0.2286 | 24.0067 | 06/30/2025 |
| 2 | Norges Bank Investment Management | 0 | -96,600 | 0 | 0 | 0 | |
| 3 | Walleye Capital LLC | 115,204 | -76,518 | 1,254,571.56 | 0.0076 | 0.3689 | 06/30/2025 |
| 4 | GSA Capital Partners LLP | 0 | -43,907 | 0 | 0 | 0 | |
| 5 | Bank of America, NA (Private Banking) | 68,594 | -42,680 | 746,988.66 | 0.0002 | 0.2196 | 06/30/2025 |
| 6 | Vident Advisory LLC | 16,244 | -40,948 | 176,897.16 | 0.0014 | 0.052 | 06/30/2025 |
| 7 | Citadel Advisors LLC | 0 | -31,228 | 0 | 0 | 0 | |
| 8 | Franklin Templeton Sealand Fund Management Co., Ltd. | 425,062 | -19,702 | 4,628,925.18 | 0.1267 | 1.361 | 06/30/2025 |
| 9 | Tower Research Capital LLC | 702 | -12,045 | 7,644.78 | 0.0002 | 0.0022 | 06/30/2025 |
| 10 | Morgan Stanley & Co. LLC | 4,690 | -3,090 | 51,074.1 | 0 | 0.015 | 06/30/2025 |
Data provided by FactSet Research Systems Inc.