| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 5,260,033 | 610,549 | 473,981,573.63 | 0.2593 | 2.7682 | 03/31/2025 |
| 2 | FIL Investments International | 3,247,062 | -66,533 | 292,592,756.82 | 0.2392 | 1.7088 | 12/31/2024 |
| 3 | GQG Partners LLC | 1,590,274 | -393,888 | 143,299,590.14 | 0.1139 | 0.8369 | 12/31/2024 |
| 4 | BlackRock Investment Management (UK) Ltd. | 1,531,677 | -1,136,067 | 138,019,414.47 | 0.0207 | 0.8061 | 03/31/2025 |
| 5 | Sands Capital Management LLC | 1,441,486 | -36,728 | 129,892,303.46 | 0.303 | 0.7586 | 12/31/2024 |
| 6 | Pzena Investment Management LLC | 1,432,981 | 366,336 | 129,125,917.91 | 0.2605 | 0.7541 | 03/31/2025 |
| 7 | Southpoint Capital Advisors LP | 1,250,000 | 100,000 | 112,637,500 | 2.6163 | 0.6578 | 12/31/2024 |
| 8 | Greenvale Capital LLP | 1,200,000 | 100,000 | 108,132,000 | 7.3447 | 0.6315 | 12/31/2024 |
| 9 | Schroder Investment Management Ltd. | 1,193,827 | 40,203 | 107,575,750.97 | 0.052 | 0.6283 | 12/31/2024 |
| 10 | Samlyn Capital LLC | 1,159,875 | -117,020 | 104,516,336.25 | 1.7193 | 0.6104 | 12/31/2024 |
| 11 | Cat Rock Capital Management LP | 1,024,811 | -313,022 | 92,345,719.21 | 11.8226 | 0.5393 | 12/31/2024 |
| 12 | Strategic Advisers LLC | 1,021,737 | 320,079 | 92,068,721.07 | 0.0377 | 0.5377 | 03/31/2025 |
| 13 | Fidelity Management & Research Co. LLC | 984,020 | -449,406 | 88,670,042.2 | 0.0058 | 0.5179 | 12/31/2024 |
| 14 | BIT Capital GmbH | 931,066 | -178,011 | 83,898,357.26 | 7.6764 | 0.49 | 03/31/2025 |
| 15 | Fidelity Management & Research (Hong Kong) Ltd. | 882,200 | -111,400 | 79,495,042 | 0.5676 | 0.4643 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fidelity Funds SICAV - Emerging Markets Fund | 1,115,591 | -69,777 | 100,525,905.01 | 3.2516 | 0.5871 | 03/31/2025 |
| 2 | Strategic Advisers Fidelity Emerging Markets Fund | 1,021,737 | 320,079 | 92,068,721.07 | 0.3841 | 0.5377 | 03/31/2025 |
| 3 | GQG Partners Emerging Markets Equity Fund | 889,912 | -227,329 | 80,189,970.32 | 0.3834 | 0.4683 | 12/31/2024 |
| 4 | Fidelity Emerging Markets Fund | 882,200 | -111,400 | 79,495,042 | 1.0964 | 0.4643 | 03/31/2025 |
| 5 | Baillie Gifford Overseas Growth Fund - Pacific Fund | 644,157 | -195,586 | 58,044,987.27 | 1.758 | 0.339 | 04/30/2025 |
| 6 | Fidelity Institutional Funds - Emerging Markets Fund | 636,232 | -120,080 | 57,330,865.52 | 3.732 | 0.3348 | 02/28/2025 |
| 7 | BlackRock Emerging Markets Fund, Inc. | 518,378 | -95,749 | 46,711,041.58 | 1.1596 | 0.2728 | 03/31/2025 |
| 8 | Nikko Asset Global Fintech Equity Mother Fund | 498,435 | 0 | 44,913,977.85 | 1.6987 | 0.2623 | 12/07/2023 |
| 9 | American Funds New World Fund | 409,779 | 409,779 | 36,925,185.69 | 0.0614 | 0.2157 | 03/31/2025 |
| 10 | Baillie Gifford Emerging Markets Equities Fund | 398,128 | 0 | 35,875,314.08 | 0.644 | 0.2095 | 12/31/2024 |
| 11 | Schroder ISF - Frontier Markets Equity | 372,045 | 66,220 | 33,524,974.95 | 5.3188 | 0.1958 | 01/31/2025 |
| 12 | Mawer International Equity Fund | 347,286 | 0 | 31,293,941.46 | 0.4947 | 0.1828 | 06/30/2024 |
| 13 | Sands Capital Funds Plc - Emerging Markets Growth Fund | 337,736 | 16,270 | 30,433,390.96 | 1.673 | 0.1777 | 12/31/2024 |
| 14 | L&G ICAV - Frontier Markets Equity Fund | 331,565 | 50,202 | 29,877,322.15 | 6.0628 | 0.1745 | 03/31/2025 |
| 15 | Border to Coast Global Equity Alpha Fund | 310,797 | 0 | 28,005,917.67 | 0.311 | 0.1636 | 09/30/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 5,260,033 | 610,549 | 473,981,573.63 | 0.2593 | 2.7682 | 03/31/2025 |
| 2 | Capital Research & Management Co. (World Investors) | 432,312 | 432,312 | 38,955,634.32 | 0.0045 | 0.2275 | 03/31/2025 |
| 3 | Pzena Investment Management LLC | 1,432,981 | 366,336 | 129,125,917.91 | 0.2605 | 0.7541 | 03/31/2025 |
| 4 | FIAM LLC | 344,439 | 344,400 | 31,037,398.29 | 0.021 | 0.1813 | 12/31/2024 |
| 5 | Strategic Advisers LLC | 1,021,737 | 320,079 | 92,068,721.07 | 0.0377 | 0.5377 | 03/31/2025 |
| 6 | Goldman Sachs & Co. LLC (Private Banking) | 367,702 | 289,079 | 33,133,627.22 | 0.0125 | 0.1935 | 03/31/2025 |
| 7 | Philosophy Capital Management LLC | 200,000 | 200,000 | 18,022,000 | 2.5295 | 0.1053 | 12/31/2024 |
| 8 | Park West Asset Management LLC | 397,286 | 176,358 | 35,799,441.46 | 3.1893 | 0.2091 | 12/31/2024 |
| 9 | Millennium Management LLC | 176,593 | 150,991 | 15,912,795.23 | 0.0143 | 0.0929 | 12/31/2024 |
| 10 | Generali Investments CEE Investicni Spolecnost AS | 136,158 | 136,158 | 12,269,197.38 | 1.1748 | 0.0717 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | BlackRock Investment Management (UK) Ltd. | 1,531,677 | -1,136,067 | 138,019,414.47 | 0.0207 | 0.8061 | 03/31/2025 |
| 2 | Fidelity Management & Research Co. LLC | 984,020 | -449,406 | 88,670,042.2 | 0.0058 | 0.5179 | 12/31/2024 |
| 3 | GQG Partners LLC | 1,590,274 | -393,888 | 143,299,590.14 | 0.1139 | 0.8369 | 12/31/2024 |
| 4 | BlackRock Advisors LLC | 819,700 | -334,672 | 73,863,167 | 0.0416 | 0.4314 | 03/31/2025 |
| 5 | Cat Rock Capital Management LP | 1,024,811 | -313,022 | 92,345,719.21 | 11.8226 | 0.5393 | 12/31/2024 |
| 6 | Untitled Investments LP | 436,925 | -284,758 | 39,371,311.75 | 9.4576 | 0.2299 | 12/31/2024 |
| 7 | LGIM Singapore Pte Ltd. | 0 | -276,383 | 0 | 0 | 0 | |
| 8 | BIT Capital GmbH | 931,066 | -178,011 | 83,898,357.26 | 7.6764 | 0.49 | 03/31/2025 |
| 9 | abrdn Investments Ltd. | 838,907 | -149,905 | 75,593,909.77 | 0.2243 | 0.4415 | 12/31/2024 |
| 10 | AllianceBernstein LP | 643,098 | -129,454 | 57,949,560.78 | 0.0191 | 0.3384 | 12/31/2024 |
Data provided by FactSet Research Systems Inc.