13F holdings as of 2024-06-30 · vs 2024-03-31 · long US-listed positions only
| # | Holding | Shares | Value | % of 13F | QoQ Δ | |
|---|---|---|---|---|---|---|
| 1 | VEAVANGUARD TAX-MANAGED FDS | TRIM | 783K | $38.7M | 14.5% | -$17.1M |
| 2 | VTIVANGUARD INDEX FDS | TRIM | 110K | $29.4M | 11.0% | -$23.7M |
| 3 | IAUISHARES GOLD TR | TRIM | 588K | $25.9M | 9.7% | +$277K |
| 4 | VWOVANGUARD INTL EQUITY INDEX F | TRIM | 553K | $24.2M | 9.0% | -$31.0M |
| 5 | VIGVANGUARD SPECIALIZED FUNDS | TRIM | 129K | $23.6M | 8.8% | -$8.8M |
| 6 | GUNRFLEXSHARES TR | 528K | $21.2M | 7.9% | -$491K | |
| 7 | EWZISHARES INC | TRIM | 601K | $16.4M | 6.1% | -$3.2M |
| 8 | EWCISHARES INC | 352K | $13.0M | 4.9% | -$419K | |
| 9 | ACWIISHARES TR | 86K | $9.7M | 3.6% | +$196K | |
| 10 | EMLCVANECK ETF TRUST | 316K | $7.5M | 2.8% | -$231K | |
| 11 | IEMGISHARES INC | 127K | $6.8M | 2.5% | +$245K | |
| 12 | GNRSPDR INDEX SHS FDS | 78K | $4.3M | 1.6% | -$161K | |
| 13 | VNQVANGUARD INDEX FDS | TRIM | 51K | $4.2M | 1.6% | -$449K |
| 14 | NU HLDGS LTD | ADD | 323K | $4.2M | 1.6% | +$1.1M |
| 15 | FCXFREEPORT MCMORAN INC | TRIM | 74K | $3.6M | 1.3% | -$823K |
| 16 | AGNCAGNC INVT CORP | 350K | $3.3M | 1.2% | -$126K | |
| 17 | VALEVALE S A | 257K | $2.9M | 1.1% | -$262K | |
| 18 | EWUISHARES TR | TRIM | 76K | $2.6M | 1.0% | -$736K |
| 19 | MELIMERCADOLIBRE INC | ADD | 1K | $2.5M | 0.9% | +$1.3M |
| 20 | ITUBITAU UNIBANCO HLDG S A | 387K | $2.3M | 0.8% | -$421K | |
| 21 | KOFCOCA-COLA FEMSA SAB DE CV | ADD | 25K | $2.1M | 0.8% | +$690K |
| 22 | PBR/APETROLEO BRASILEIRO S A | 154K | $2.1M | 0.8% | -$194K | |
| 23 | PBRPETROLEO BRASILEIRO S A | 133K | $1.9M | 0.7% | -$96K | |
| 24 | EFVISHARES TR | 36K | $1.9M | 0.7% | -$49K | |
| 25 | EWJISHARES INC | 24K | $1.6M | 0.6% | -$73K | |
| 26 | ABEVAMBEV SA | 617K | $1.3M | 0.5% | -$265K | |
| 27 | SCHHSCHWAB STRATEGIC TR | 39K | $787K | 0.3% | -$13K | |
| 28 | BSBRBANCO SANTANDER BRASIL S A | 158K | $780K | 0.3% | -$123K | |
| 29 | XLESELECT SECTOR SPDR TR | 8K | $729K | 0.3% | -$26K | |
| 30 | VDEVANGUARD WORLD FD | 5K | $676K | 0.3% | -$22K | |
| 31 | NLYANNALY CAPITAL MANAGEMENT IN | 35K | $667K | 0.2% | -$22K | |
| 32 | XP INC | 37K | $652K | 0.2% | -$299K | |
| 33 | AXIACENTRAIS ELET BRAS SA | 100K | $644K | 0.2% | -$192K | |
| 34 | SUZSUZANO S A | 59K | $604K | 0.2% | -$148K | |
| 35 | VIVTELEFONICA BRASIL SA | 72K | $594K | 0.2% | -$135K | |
| 36 | VTVVANGUARD INDEX FDS | 3K | $537K | 0.2% | -$8K | |
| 37 | BBDBANCO BRADESCO S A | TRIM | 188K | $421K | 0.2% | -$822K |
| 38 | SBSCOMPANHIA DE SANEAMENTO BASI | 29K | $386K | 0.1% | -$97K | |
| 39 | EMBISHARES TR | 4K | $380K | 0.1% | -$5K | |
| 40 | TIMBTIM S A | 20K | $291K | 0.1% | -$70K | |
| 41 | GGBGERDAU SA | ADD | 86K | $285K | 0.1% | -$33K |
| 42 | SCHPSCHWAB STRATEGIC TR | 5K | $260K | 0.1% | -$750 | |
| 43 | CIGCIA ENERGETICA DE MINAS GERA | ADD | 148K | $260K | 0.1% | -$21K |
| 44 | STONECO LTD | 19K | $222K | 0.1% | -$86K | |
| 45 | 10552T107 | 46K | $187K | 0.1% | +$37K | |
| 46 | CSANCOSAN S A | 19K | $186K | 0.1% | -$61K | |
| 47 | UGPULTRAPAR PARTICIPACOES SA | 47K | $183K | 0.1% | -$85K | |
| 48 | EWMISHARES INC | 8K | $168K | 0.1% | +$5K | |
| 49 | VNQIVANGUARD INTL EQUITY INDEX F | 4K | $146K | 0.1% | -$6K | |
| 50 | SIDCOMPANHIA SIDERURGICA NACION | 56K | $128K | 0.0% | -$46K | |
| 51 | BAKBRASKEM SA | 17K | $111K | 0.0% | -$70K |
Source: SEC Form 13F. Values are as-of 2024-06-30 (quarter-end), not live. Percentages are of reported 13F value, not the fund’s full AUM (13F excludes shorts, cash, bonds, most non-US holdings).