| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Aquamarine Financial (Cayman) Ltd. | 9,026,675 | -3,947,020 | 504,500,865.75 | 33.5301 | 2.2953 | 03/31/2026 |
| 2 | North of South Capital LLP | 3,524,252 | 1,904,269 | 196,970,444.28 | 3.3695 | 0.8962 | 03/31/2026 |
| 3 | JPMorgan Investment Management, Inc. | 3,452,727 | 863,109 | 192,972,912.03 | 0.0034 | 0.878 | 03/31/2026 |
| 4 | Duquesne Family Office LLC | 3,235,962 | 3,121,267 | 180,857,916.18 | 5.1468 | 0.8229 | 03/31/2026 |
| 5 | VR Advisory Services (USA) LLC | 3,231,396 | -374,137 | 180,602,722.44 | 19.7223 | 0.8217 | 03/31/2026 |
| 6 | Global X Management Co. LLC | 1,732,061 | -918,546 | 96,804,889.29 | 0.092 | 0.4404 | 03/31/2026 |
| 7 | Ping Capital Management, Inc. | 1,378,200 | -638,800 | 77,027,598 | 26.7537 | 0.3505 | 03/31/2026 |
| 8 | TT International Asset Management Ltd. | 1,289,597 | 1,289,597 | 72,075,576.33 | 3.0488 | 0.3279 | 03/31/2026 |
| 9 | Jane Street Capital LLC | 1,223,721 | 995,544 | 68,393,766.69 | 0.0597 | 0.3112 | 03/31/2026 |
| 10 | Boston Management & Research | 1,210,361 | 935,509 | 67,647,076.29 | 0.1035 | 0.3078 | 03/31/2026 |
| 11 | Russell Investment Management LLC | 1,064,621 | 598,859 | 59,501,667.69 | 0.0509 | 0.2707 | 03/31/2026 |
| 12 | JPMorgan Asset Management (UK) Ltd. | 1,059,441 | 141,054 | 59,212,157.49 | 0.0328 | 0.2694 | 03/31/2026 |
| 13 | Grantham, Mayo, Van Otterloo & Co. LLC | 926,178 | -449,400 | 51,764,088.42 | 0.0902 | 0.2355 | 03/31/2026 |
| 14 | Oaktree Capital Management LP | 886,465 | 886,465 | 49,544,528.85 | 0.8383 | 0.2254 | 03/31/2026 |
| 15 | Goldman Sachs & Co. LLC (Private Banking) | 792,033 | 551,325 | 44,266,724.37 | 0.0136 | 0.2014 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | JPMorgan Emerging Markets Equity Fund | 2,110,503 | 640,963 | 117,956,012.67 | 1.0164 | 0.5367 | 04/30/2026 |
| 2 | Global X MSCI Argentina ETF | 1,875,200 | 144,582 | 104,804,928 | 11.5759 | 0.4768 | 05/29/2026 |
| 3 | Pacific Capital UCITS Funds Plc - North of South EM | 1,326,815 | 668,623 | 74,155,690.35 | 1.8321 | 0.3374 | 03/31/2026 |
| 4 | JPMorgan Funds - Emerging Markets Equity Fund | 1,110,036 | 302,803 | 62,039,912.04 | 1.1409 | 0.2823 | 04/30/2026 |
| 5 | Eaton Vance Emerging & Frontier Countries Equity Fund | 938,713 | 475,900 | 52,464,669.57 | 1.3478 | 0.2387 | 04/30/2026 |
| 6 | Redwheel Emerging Markets Equity Fund Ltd. | 914,789 | 0 | 51,127,557.21 | 1.2115 | 0.2326 | 06/28/2024 |
| 7 | JPMorgan Fund ICVC - Emerging Markets Fund | 849,497 | 232,362 | 47,478,387.33 | 1.1344 | 0.216 | 04/30/2026 |
| 8 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 784,200 | 784,200 | 43,828,938 | 0.1346 | 0.1994 | 04/30/2026 |
| 9 | GMO Resources Fund | 668,667 | -321,800 | 37,371,798.63 | 2.859 | 0.17 | 03/31/2026 |
| 10 | Eaton Vance Global Macro Capital Opportunities Portfolio | 493,413 | 30,600 | 27,576,852.57 | 0.751 | 0.1255 | 01/31/2026 |
| 11 | Redwheel Funds SICAV - Next Generation Emerging Markets Eq Fd | 441,012 | 441,012 | 24,648,160.68 | 1.0074 | 0.1121 | 04/30/2026 |
| 12 | YFS Argonaut Funds - Absolute Return Fund | 429,755 | 0 | 24,019,006.95 | 4.8731 | 0.1093 | 06/30/2025 |
| 13 | Pacific North of South Global Emerging Markets Equity | 406,806 | 208,025 | 22,736,387.34 | 2.7143 | 0.1034 | 03/31/2026 |
| 14 | Strategic Advisers Fidelity Emerging Markets Fund | 351,400 | 351,400 | 19,639,746 | 0.0476 | 0.0894 | 04/30/2026 |
| 15 | Amplify CWP International Enhanced Dividend Income ETF | 317,862 | 317,862 | 17,765,307.18 | 1.4147 | 0.0808 | 05/29/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Duquesne Family Office LLC | 3,235,962 | 3,121,267 | 180,857,916.18 | 5.1468 | 0.8229 | 03/31/2026 |
| 2 | North of South Capital LLP | 3,524,252 | 1,904,269 | 196,970,444.28 | 3.3695 | 0.8962 | 03/31/2026 |
| 3 | TT International Asset Management Ltd. | 1,289,597 | 1,289,597 | 72,075,576.33 | 3.0488 | 0.3279 | 03/31/2026 |
| 4 | Jane Street Capital LLC | 1,223,721 | 995,544 | 68,393,766.69 | 0.0597 | 0.3112 | 03/31/2026 |
| 5 | Boston Management & Research | 1,210,361 | 935,509 | 67,647,076.29 | 0.1035 | 0.3078 | 03/31/2026 |
| 6 | Oaktree Capital Management LP | 886,465 | 886,465 | 49,544,528.85 | 0.8383 | 0.2254 | 03/31/2026 |
| 7 | JPMorgan Investment Management, Inc. | 3,452,727 | 863,109 | 192,972,912.03 | 0.0034 | 0.878 | 03/31/2026 |
| 8 | Russell Investment Management LLC | 1,064,621 | 598,859 | 59,501,667.69 | 0.0509 | 0.2707 | 03/31/2026 |
| 9 | BlackRock Investment Management (UK) Ltd. | 560,064 | 560,064 | 31,301,976.96 | 0.0036 | 0.1424 | 03/31/2026 |
| 10 | Goldman Sachs & Co. LLC (Private Banking) | 792,033 | 551,325 | 44,266,724.37 | 0.0136 | 0.2014 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Aquamarine Financial (Cayman) Ltd. | 9,026,675 | -3,947,020 | 504,500,865.75 | 33.5301 | 2.2953 | 03/31/2026 |
| 2 | NWI Management LP | 0 | -1,080,000 | 0 | 0 | 0 | |
| 3 | Global X Management Co. LLC | 1,732,061 | -918,546 | 96,804,889.29 | 0.092 | 0.4404 | 03/31/2026 |
| 4 | Ping Capital Management, Inc. | 1,378,200 | -638,800 | 77,027,598 | 26.7537 | 0.3505 | 03/31/2026 |
| 5 | Grantham, Mayo, Van Otterloo & Co. LLC | 926,178 | -449,400 | 51,764,088.42 | 0.0902 | 0.2355 | 03/31/2026 |
| 6 | Group One Trading LLC | 0 | -405,574 | 0 | 0 | 0 | |
| 7 | VR Advisory Services (USA) LLC | 3,231,396 | -374,137 | 180,602,722.44 | 19.7223 | 0.8217 | 03/31/2026 |
| 8 | Morgan Stanley & Co. International Plc | 198,516 | -310,317 | 11,095,059.24 | 0.0917 | 0.0505 | 03/31/2026 |
| 9 | UBS Switzerland AG (Investment Management) | 284,800 | -228,235 | 15,917,472 | 0.0303 | 0.0724 | 03/31/2026 |
| 10 | JPMorgan Securities LLC (Investment Management) | 300,284 | -210,129 | 16,782,872.76 | 0.0079 | 0.0764 | 03/31/2026 |
Data provided by FactSet Research Systems Inc.