| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goehring & Rozencwajg Associates LLC | 1,466,161 | 52,272 | 16,811,002.03 | 0.8119 | 0.0921 | 02/28/2026 |
| 2 | Capital Research & Management Co. (World Investors) | 810,729 | 810,729 | 9,295,818.71 | 0.0008 | 0.0509 | 03/31/2026 |
| 3 | Capital Research & Management Co. (International Investors) | 148,053 | 148,053 | 1,697,575.7 | 0.0003 | 0.0093 | 03/31/2026 |
| 4 | Causeway Capital Management LLC | 91,200 | 59,757 | 1,045,699.2 | 0.0022 | 0.0057 | 05/29/2026 |
| 5 | AzValor Asset Management SGIIC SA | 67,381 | -7,877 | 772,590.55 | 0.0222 | 0.0042 | 12/31/2025 |
| 6 | INFIBA Vermogensverwaltungs AG (Liechtenstein) | 64,564 | 0 | 740,290.82 | 1.3196 | 0.0041 | 06/30/2025 |
| 7 | Tuttle Capital Management LLC | 14,584 | 367 | 167,220.14 | 0.0331 | 0.0009 | 05/29/2026 |
| 8 | GAMMA Investing LLC | 11,915 | 2,860 | 136,617.39 | 0.0057 | 0.0007 | 03/31/2026 |
| 9 | RhumbLine Advisers LP | 6,876 | 646 | 78,840.22 | 0.0001 | 0.0004 | 03/31/2026 |
| 10 | Capital International Ltd. | 6,844 | 6,844 | 78,473.3 | 0 | 0.0004 | 03/31/2026 |
| 11 | Aperio Group LLC | 4,728 | 0 | 54,211.25 | 0 | 0.0003 | 02/28/2026 |
| 12 | BTG Pactual Gestao E Consultoria De Investimentos Ltda. | 3,820 | 0 | 43,800.12 | 0.002 | 0.0002 | 01/31/2026 |
| 13 | Horizon Kinetics Asset Management LLC | 3,214 | 0 | 36,851.72 | 0.0004 | 0.0002 | 03/31/2026 |
| 14 | Ascentis Independent Advisors LLC | 601 | 601 | 6,891.07 | 0.0005 | 0 | 03/31/2026 |
| 15 | ORG Partners LLC | 600 | 0 | 6,879.6 | 0.0011 | 0 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goehring & Rozencwajg Resources Fund | 1,466,161 | 52,272 | 16,811,002.03 | 1.8034 | 0.0921 | 02/28/2026 |
| 2 | American Funds New World Fund | 769,421 | 769,421 | 8,822,181.19 | 0.0111 | 0.0483 | 03/31/2026 |
| 3 | American Funds Developing World Growth & Income Fund | 148,053 | 148,053 | 1,697,575.7 | 0.0689 | 0.0093 | 03/31/2026 |
| 4 | ActivePassive International Equity ETF | 91,200 | 59,757 | 1,045,699.2 | 0.1018 | 0.0057 | 05/29/2026 |
| 5 | Azvalor Managers, FI | 67,381 | -7,877 | 772,590.55 | 0.4102 | 0.0042 | 12/31/2025 |
| 6 | Chatrier Value Fund | 64,564 | 0 | 740,290.82 | 4.0308 | 0.0041 | 06/30/2025 |
| 7 | American Funds Insurance Series - New World Fund | 41,308 | 41,308 | 473,637.53 | 0.0112 | 0.0026 | 03/31/2026 |
| 8 | National Security Emerging Markets Index ETF | 14,584 | 367 | 167,220.14 | 0.4089 | 0.0009 | 05/29/2026 |
| 9 | CIF - Capital Group New World Fund LUX | 6,844 | 6,844 | 78,473.3 | 0.0103 | 0.0004 | 03/31/2026 |
| 10 | Aquarius International Fund | 4,728 | 0 | 54,211.25 | 0.0066 | 0.0003 | 02/28/2026 |
| 11 | Gaf FIM Credito Privado Investimento No Exterior | 3,820 | 0 | 43,800.12 | 0.4916 | 0.0002 | 01/31/2026 |
| 12 | Kinetics Market Opportunities Portfolio | 2,455 | 0 | 28,149.03 | 0.0104 | 0.0002 | 03/31/2026 |
| 13 | Kinetics Global Portfolio | 736 | 0 | 8,438.98 | 0.0167 | 0 | 03/31/2026 |
| 14 | Kinetics Spin-off & Corporate Restructuring Fund (The) | 22 | 0 | 252.25 | 0.0008 | 0 | 03/31/2026 |
| 15 | RENN Fund Inc. | 1 | 0 | 11.47 | 0.0001 | 0 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (World Investors) | 810,729 | 810,729 | 9,295,818.71 | 0.0008 | 0.0509 | 03/31/2026 |
| 2 | Capital Research & Management Co. (International Investors) | 148,053 | 148,053 | 1,697,575.7 | 0.0003 | 0.0093 | 03/31/2026 |
| 3 | Causeway Capital Management LLC | 91,200 | 59,757 | 1,045,699.2 | 0.0022 | 0.0057 | 05/29/2026 |
| 4 | Goehring & Rozencwajg Associates LLC | 1,466,161 | 52,272 | 16,811,002.03 | 0.8119 | 0.0921 | 02/28/2026 |
| 5 | Capital International Ltd. | 6,844 | 6,844 | 78,473.3 | 0 | 0.0004 | 03/31/2026 |
| 6 | GAMMA Investing LLC | 11,915 | 2,860 | 136,617.39 | 0.0057 | 0.0007 | 03/31/2026 |
| 7 | RhumbLine Advisers LP | 6,876 | 646 | 78,840.22 | 0.0001 | 0.0004 | 03/31/2026 |
| 8 | Ascentis Independent Advisors LLC | 601 | 601 | 6,891.07 | 0.0005 | 0 | 03/31/2026 |
| 9 | Tuttle Capital Management LLC | 14,584 | 367 | 167,220.14 | 0.0331 | 0.0009 | 05/29/2026 |
| 10 | Thurston, Springer, Miller, Herd & Titak, Inc. | 161 | 161 | 1,846.03 | 0.0008 | 0 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Peregrine Investment Management, Inc. | 0 | -800,000 | 0 | 0 | 0 | |
| 2 | AzValor Asset Management SGIIC SA | 67,381 | -7,877 | 772,590.55 | 0.0222 | 0.0042 | 12/31/2025 |
| 3 | MBH Investment Fund Management Private Ltd. Co. | 0 | -3,872 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.