| SSTATE STR SPDR S&P 500 ETF TSPY |
| 12.31% | 9.1% | $650.5M | 871,093 | $381.3M | 586,330 | +284,763+48.57% | Add |
| IISHARES INTERNATIONAL TREASURY BOND ETFIGOV |
| 5.94% | 2.67% | $314.2M | 7.7M | $111.9M | 2.7M | +4.9M+180.97% | Add |
 VALE S AVALE |
| 4.36% | 6.79% | $230.5M | 15.4M | $284.4M | 17.9M | -2.5M-14.02% | Reduce |
| PPETROLEO BRASILEIRO S APBR |
| 4.07% | 10.29% | $215.0M | 13.3M | $431.1M | 20.8M | -7.5M-35.95% | Reduce |
 NU HLDGS LTDNU |
| 3.72% | 0.03% | $196.6M | 14.9M | $1.1M | 79,742 | +14.8M+18,544.10% | Add |
 Itau Unibanco H-Spon PRF ADRITUB |
| 3.65% | 3.96% | $192.8M | 23.7M | $166.0M | 20.0M | +3.7M+18.25% | Add |
 AGILENT TECHNOLOGIES INC COMA |
| 3.12% | 0.01% | $165.0M | 1.2M | $463,310 | 413,373 | +828,928+200.53% | Add |
 FOMENTO ECONOMICO MEXICANO SFMX |
| 2.97% | 3.66% | $156.9M | 1.2M | $153.3M | 1.4M | -171,729-12.38% | Reduce |
 CREDICORP LTDBAP |
| 2.8% | — | $148.0M | 378,899 | $0 | 0 | +378,899 | New Buy |
| BBANCO BRADESCO S A SPBBD |
| 2.8% | 4.28% | $147.8M | 42.7M | $179.1M | 49.1M | -6.4M-13.01% | Reduce |
 CEMEX SAB DE CVCX |
| 2.59% | 3.47% | $136.9M | 11.4M | $145.4M | 12.9M | -1.6M-12.04% | Reduce |
 TAIWAN SEMICONDUCTOR MANUFACTSM |
| 2.17% | 0.57% | $114.5M | 239,853 | $23.7M | 70,258 | +169,595+241.39% | Add |
| PPETROLEO BRASILEIRO S APBR |
| 2.07% | 2.75% | $109.3M | 7.5M | $115.0M | 6.1M | +1.3M+21.74% | Add |
| EEMBRAER S.A.FGM |
| 1.91% | 1.6% | $101.1M | 1.6M | $67.2M | 1.1M | +466,326+41.19% | Add |
 NVIDIA CORPORATIONNVDA |
| 1.81% | 1.7% | $95.7M | 478,308 | $71.3M | 408,871 | +69,437+16.98% | Add |
| SSPDR GOLD TRGLD |
| 1.56% | 2.61% | $82.4M | 223,736 | $109.3M | 254,004 | -30,268-11.92% | Reduce |
 AMAZON COM INCAMZN |
| 1.52% | 1.41% | $80.3M | 336,878 | $59.0M | 283,357 | +53,521+18.89% | Add |
| IISHARES INCEWZ |
| 1.37% | 0.96% | $72.6M | 2.1M | $40.0M | 1.0M | +1.1M+102.01% | Add |
| VVANGUARD INDEX FDSVOO |
| 1.37% | 6.73% | $72.5M | 105,568 | $281.9M | 471,809 | -366,241-77.62% | Reduce |
 ASML HLDG NVASML |
| 1.21% | 0.1% | $63.7M | 32,019 | $4.2M | 3,182 | +28,837+906.25% | Add |
 MICRON TECHNOLOGY INCMU |
| 1.06% | 0.69% | $55.8M | 48,335 | $28.8M | 85,267 | -36,932-43.31% | Reduce |
| SSTATE STREETXLI |
| 1.05% | — | $55.4M | 299,159 | $0 | 0 | +299,159 | New Buy |
 VISTA ENERGY S.A.B. DE C.V.VIST |
| 1.02% | 0.05% | $54.0M | 842,263 | $2.0M | 26,408 | +815,855+3,089.42% | Add |
| CCIA DE MINAS BUENAVENTUR-ADR (US)BVN |
| 1.02% | 0.63% | $53.9M | 1.9M | $26.4M | 742,914 | +1.1M+149.11% | Add |
 BANCO DE CHILEBCH |
| 1.01% | 0.33% | $53.2M | 1.3M | $13.9M | 376,061 | +972,267+258.54% | Add |
 META PLATFORMS INCMETA |
| 1% | 1.25% | $52.9M | 93,915 | $52.5M | 91,712 | +2,203+2.40% | Add |
 AMERICA MOVIL S A B DE FSPONSORED ADR 1 ADR REPS 20 ORD SHSAMX |
| 0.98% | 2.02% | $52.0M | 2.0M | $84.6M | 3.3M | -1.3M-40.32% | Reduce |
| IINVESCO KBW BANK ETFKBWB |
| 0.92% | — | $48.4M | 520,547 | $0 | 0 | +520,547 | New Buy |
 VESTA REAL ESTATE CORPVTMX |
| 0.84% | 0.55% | $44.2M | 1.3M | $23.1M | 691,170 | +600,554+86.89% | Add |
| IISHARES RUSSELLIWM |
| 0.78% | — | $41.3M | 137,424 | $0 | 0 | +137,424 | New Buy |
 ALPHABET INCGOOGL |
| 0.77% | 0.94% | $40.8M | 114,284 | $39.2M | 136,325 | -22,041-16.17% | Reduce |
| IISHARES MSCI ACWI EX U.S. ETFACWX |
| 0.7% | 0.77% | $37.0M | 486,100 | $32.4M | 473,700 | +12,400+2.62% | Add |
| NNOKIA CORP SPONSORED ADRNOK |
| 0.68% | — | $35.9M | 2.7M | $0 | 0 | +2.7M | New Buy |
 MERCADOLIBRE INC COMMELI |
| 0.67% | 1.88% | $35.7M | 21,151 | $78.9M | 46,596 | -25,445-54.61% | Reduce |
| GGERDAU S A SPONGGB |
| 0.65% | 0.53% | $34.3M | 8.5M | $22.2M | 6.2M | +2.3M+37.09% | Add |
| IISHARES TREFG |
| 0.64% | 0.56% | $34.0M | 273,478 | $23.3M | 209,224 | +64,254+30.71% | Add |
| IISHARES RUSSELLIWF |
| 0.63% | 0.56% | $33.3M | 268,411 | $23.3M | 54,671 | +213,740+390.96% | Add |
 GRUPO AEROPORTUARIO DEL CENTOMAB |
| 0.62% | — | $33.0M | 291,193 | $0 | 0 | +291,193 | New Buy |
| BBANCO BBVA ARGENTINA S ABBAR |
| 0.62% | 0.47% | $32.7M | 1.7M | $19.8M | 1.2M | +422,848+34.29% | Add |
| IISHARES TREEM |
| 0.61% | 0.06% | $32.2M | 470,600 | $2.4M | 42,017 | +428,583+1,020.02% | Add |
| SSTATE STREET HEALTH CARE SELECT SECTOR SPDR ETFXLV |
| 0.61% | — | $32.1M | 202,434 | $0 | 0 | +202,434 | New Buy |
 MICROSOFT CORPMSFT |
| 0.57% | 0.66% | $30.2M | 80,870 | $27.6M | 74,617 | +6,253+8.38% | Add |
 BROADCOM INCAVGO |
| 0.57% | 0.61% | $29.9M | 79,092 | $25.5M | 82,547 | -3,455-4.19% | Reduce |
| SSELECT SECTOR SPDR TRXLF |
| 0.55% | 0.28% | $29.2M | 543,942 | $11.7M | 237,926 | +306,016+128.62% | Add |
 VANECK ETF TRUSTSMH |
| 0.53% | 0.17% | $27.9M | 42,496 | $6.9M | 18,086 | +24,410+134.97% | Add |
| CCOMPANHIA DE SANEAMENTO BASISBS |
| 0.47% | 0.46% | $25.0M | 4.4M | $19.2M | 633,193 | +3.7M+591.93% | Add |
 APPLE INCAAPL |
| 0.46% | 0.49% | $24.4M | 84,189 | $20.4M | 80,552 | +3,637+4.52% | Add |
| GGRUPO CIBEST SACIB |
| 0.45% | 0.53% | $23.9M | 301,678 | $22.2M | 310,619 | -8,941-2.88% | Reduce |
| IISHARES TRIVW |
| 0.45% | 0.3% | $23.6M | 171,500 | $12.5M | 110,300 | +61,200+55.49% | Add |
| IISHARES TRILF |
| 0.44% | — | $23.3M | 640,000 | $0 | 0 | +640,000 | New Buy |
