COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 |
| | | VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY |
NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
AbbVie Inc | Common | 00287Y109 | 3,918,312 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
Agnico Eagle Mines Ltd | Common | 008474108 | 17,462,833 | 160,283 | SH | | SOLE | | 160,283 | 0 | 0 |
Alamos Gold Inc | Common | 011532108 | 2,189,418 | 81,240 | SH | | SOLE | | 81,240 | 0 | 0 |
Alibaba Group Holding Ltd | Common | 01609W102 | 456,740 | 4,304 | SH | | SOLE | | 4,304 | 0 | 0 |
Amplify Junior Silver Miners ETF | ETP | 032108649 | 688,326 | 53,400 | SH | | SOLE | | 53,400 | 0 | 0 |
Apple Inc | Common | 037833100 | 11,080,476 | 47,608 | SH | | SOLE | | 47,608 | 0 | 0 |
ArcelorMittal SA | Common | 03938L203 | 111,009 | 4,269 | SH | | SOLE | | 4,269 | 0 | 0 |
Arch Capital Group Ltd | Common | G0450A105 | 1,988,108 | 17,770 | SH | | SOLE | | 17,770 | 0 | 0 |
Ascendis Pharma A/S | Common | 04351P101 | 149,907 | 1,004 | SH | | SOLE | | 1,004 | 0 | 0 |
ASE Technology Holding Co Ltd | Common | 00215W100 | 166,896 | 17,100 | SH | | SOLE | | 17,100 | 0 | 0 |
ASML Holding NV | Common | N07059210 | 134,674 | 162 | SH | | SOLE | | 162 | 0 | 0 |
AT&T Inc | Common | 00206R102 | 3,004,966 | 138,340 | SH | | SOLE | | 138,340 | 0 | 0 |
Baidu Inc | Common | 056752108 | 322,714 | 3,065 | SH | | SOLE | | 3,065 | 0 | 0 |
Banco Bilbao Vizcaya Argentaria SA | Common | 05946K101 | 321,358 | 30,563 | SH | | SOLE | | 30,563 | 0 | 0 |
Banco Bradesco SA | Common | 059460303 | 229,066 | 87,500 | SH | | SOLE | | 87,500 | 0 | 0 |
Banco Macro SA | Common | 05961W105 | 506,159 | 7,971 | SH | | SOLE | | 7,971 | 0 | 0 |
Banco Santander SA | Common | 05964H105 | 148,067 | 29,693 | SH | | SOLE | | 29,693 | 0 | 0 |
Bancolombia SA | Common | 05968L102 | 129,097 | 4,114 | SH | | SOLE | | 4,114 | 0 | 0 |
Bank of America Corp | Common | 060505104 | 2,408,576 | 60,700 | SH | | SOLE | | 60,700 | 0 | 0 |
Bank of Nova Scotia/The | Common | 064149107 | 473,169 | 6,515 | SH | | SOLE | | 6,515 | 0 | 0 |
Barclays PLC | Common | 06738E204 | 191,545 | 15,765 | SH | | SOLE | | 15,765 | 0 | 0 |
Bilibili Inc | Common | 090040106 | 390,446 | 16,700 | SH | | SOLE | | 16,700 | 0 | 0 |
BioNTech SE | Common | 09075V102 | 268,420 | 2,260 | SH | | SOLE | | 2,260 | 0 | 0 |
BP PLC | Common | 055622104 | 106,579 | 3,450 | SH | | SOLE | | 3,450 | 0 | 0 |
BRF SA | Common | 10552T107 | 188,242 | 43,076 | SH | | SOLE | | 43,076 | 0 | 0 |
Broadcom Inc | Common | 11135F101 | 13,315,965 | 77,194 | SH | | SOLE | | 77,194 | 0 | 0 |
BWX Technologies Inc | Common | 05605H100 | 4,737,472 | 43,583 | SH | | SOLE | | 43,583 | 0 | 0 |
Campbell Soup Co | Common | 134429109 | 2,414,469 | 49,740 | SH | | SOLE | | 49,740 | 0 | 0 |
Canadian Imperial Bank of Commerce | Common | 136069101 | 18,961,918 | 228,567 | SH | | SOLE | | 228,567 | 0 | 0 |
Canadian Pacific Kansas City Ltd | Common | 13646K108 | 373,614 | 3,230 | SH | | SOLE | | 3,230 | 0 | 0 |
Centrais Eletricas Brasileiras SA | Common | 15234Q207 | 103,570 | 14,325 | SH | | SOLE | | 14,325 | 0 | 0 |
Cia de Saneamento Basico do Estado de Sao Paulo SABESP | Common | 20441A102 | 200,134 | 12,100 | SH | | SOLE | | 12,100 | 0 | 0 |
Cia Paranaense de Energia - Copel | Common | 20441B605 | 191,026 | 26,100 | SH | | SOLE | | 26,100 | 0 | 0 |
Cia Siderurgica Nacional SA | Common | 20440W105 | 273,079 | 114,259 | SH | | SOLE | | 114,259 | 0 | 0 |
Coca-Cola Femsa SAB de CV | Common | 191241108 | 193,497 | 2,200 | SH | | SOLE | | 2,200 | 0 | 0 |
Cosan SA | Common | 22113B103 | 185,464 | 19,400 | SH | | SOLE | | 19,400 | 0 | 0 |
Costco Wholesale Corp | Common | 22160K105 | 11,996,411 | 13,550 | SH | | SOLE | | 13,550 | 0 | 0 |
Crane Co | Common | 224408104 | 1,827,343 | 11,545 | SH | | SOLE | | 11,545 | 0 | 0 |
Criteo SA | Common | 226718104 | 195,888 | 4,868 | SH | | SOLE | | 4,868 | 0 | 0 |
Dada Nexus Ltd | Common | 23344D108 | 187,720 | 98,800 | SH | | SOLE | | 98,800 | 0 | 0 |
Daqo New Energy Corp | Common | 23703Q203 | 156,849 | 7,700 | SH | | SOLE | | 7,700 | 0 | 0 |
Eli Lilly & Co | Common | 532457108 | 12,661,854 | 14,292 | SH | | SOLE | | 14,292 | 0 | 0 |
Embraer SA | Common | 29082A107 | 1,973,646 | 55,800 | SH | | SOLE | | 55,800 | 0 | 0 |
Enbridge Inc | Common | 29250N105 | 4,752,530 | 86,504 | SH | | SOLE | | 86,504 | 0 | 0 |
Endava PLC | Common | 29260V105 | 150,686 | 5,900 | SH | | SOLE | | 5,900 | 0 | 0 |
Enel Chile SA | Common | 29278D105 | 101,283 | 36,302 | SH | | SOLE | | 36,302 | 0 | 0 |
Eni SpA | Common | 26874R108 | 110,722 | 3,653 | SH | | SOLE | | 3,653 | 0 | 0 |
Ferrari NV | Common | N3167Y103 | 1,043,174 | 2,219 | SH | | SOLE | | 2,219 | 0 | 0 |
First Trust Industrials/Producer Durables AlphaDEX Fund | ETP | 33734X150 | 659,112 | 8,700 | SH | | SOLE | | 8,700 | 0 | 0 |
First Trust Rising Dividend Achievers ETF | ETP | 33738R506 | 735,388 | 12,420 | SH | | SOLE | | 12,420 | 0 | 0 |
First Trust SMID Cap Rising Dividend Achievers ETF | ETP | 33741X102 | 669,392 | 18,400 | SH | | SOLE | | 18,400 | 0 | 0 |
First Trust Water ETF | ETP | 33733B100 | 502,918 | 4,600 | SH | | SOLE | | 4,600 | 0 | 0 |
Freeport-McMoRan Inc | Common | 35671D857 | 1,254,121 | 25,200 | SH | | SOLE | | 25,200 | 0 | 0 |
Full Truck Alliance Co Ltd | Common | 35969L108 | 373,167 | 41,417 | SH | | SOLE | | 41,417 | 0 | 0 |
Futu Holdings Ltd | Common | 36118L106 | 220,760 | 2,308 | SH | | SOLE | | 2,308 | 0 | 0 |
Galapagos NV | Common | 36315X101 | 308,542 | 10,717 | SH | | SOLE | | 10,717 | 0 | 0 |
GDS Holdings Ltd | Common | 36165L108 | 607,920 | 29,800 | SH | | SOLE | | 29,800 | 0 | 0 |
General Dynamics Corp | Common | 369550108 | 7,258,325 | 24,134 | SH | | SOLE | | 24,134 | 0 | 0 |
General Electric Co | Common | 369604301 | 11,551,468 | 61,255 | SH | | SOLE | | 61,255 | 0 | 0 |
Global X Copper Miners ETF | ETP | 37954Y830 | 865,041 | 18,300 | SH | | SOLE | | 18,300 | 0 | 0 |
Global X MSCI Argentina ETF | ETP | 37950E259 | 550,290 | 8,300 | SH | | SOLE | | 8,300 | 0 | 0 |
Global X Uranium ETF | ETP | 37954Y871 | 514,980 | 18,000 | SH | | SOLE | | 18,000 | 0 | 0 |
Global X US Infrastructure Development ETF | ETP | 37954Y673 | 718,242 | 17,450 | SH | | SOLE | | 17,450 | 0 | 0 |
Gold Fields Ltd | Common | 38059T106 | 278,541 | 18,146 | SH | | SOLE | | 18,146 | 0 | 0 |
Goldman Sachs Group Inc/The | Common | 38141G104 | 3,981,675 | 8,042 | SH | | SOLE | | 8,042 | 0 | 0 |
Grupo Financiero Galicia SA | Common | 399909100 | 571,751 | 13,584 | SH | | SOLE | | 13,584 | 0 | 0 |
Grupo Televisa SAB | Common | 40049J206 | 154,880 | 60,500 | SH | | SOLE | | 60,500 | 0 | 0 |
GSK PLC | Common | 37733W204 | 135,844 | 3,323 | SH | | SOLE | | 3,323 | 0 | 0 |
Harmony Gold Mining Co Ltd | Common | 413216900 | 402,797 | 39,819 | SH | | SOLE | | 39,819 | 0 | 0 |
Hello Group Inc | Common | 423403104 | 389,662 | 51,204 | SH | | SOLE | | 51,204 | 0 | 0 |
Himax Technologies Inc | Common | 43289P106 | 199,650 | 36,300 | SH | | SOLE | | 36,300 | 0 | 0 |
Howmet Aerospace Inc | Common | 443201108 | 5,305,422 | 52,960 | SH | | SOLE | | 52,960 | 0 | 0 |
HSBC Holdings PLC | Common | 404280406 | 137,716 | 3,080 | SH | | SOLE | | 3,080 | 0 | 0 |
Imperial Oil Ltd | Common | 453038408 | 14,112,172 | 148,315 | SH | | SOLE | | 148,315 | 0 | 0 |
InterContinental Hotels Group PLC | Common | 45857P806 | 148,941 | 1,348 | SH | | SOLE | | 1,348 | 0 | 0 |
International Business Machines Corp | Common | 459200101 | 5,624,170 | 25,640 | SH | | SOLE | | 25,640 | 0 | 0 |
Invesco Aerospace & Defense ETF | ETP | 46137V100 | 812,838 | 7,070 | SH | | SOLE | | 7,070 | 0 | 0 |
Invesco BuyBack Achievers ETF | ETP | 46137V308 | 400,820 | 3,500 | SH | | SOLE | | 3,500 | 0 | 0 |
Invesco S&P MidCap Momentum ET | ETP | 46137V464 | 734,013 | 6,100 | SH | | SOLE | | 6,100 | 0 | 0 |
iQIYI Inc | Common | 46267X108 | 127,270 | 44,500 | SH | | SOLE | | 44,500 | 0 | 0 |
iShares Bitcoin Trust ETF | ETP | 46438F101 | 1,185,064 | 32,800 | SH | | SOLE | | 32,800 | 0 | 0 |
iShares MSCI Japan ETF | ETP | 46434G822 | 706,100 | 9,870 | SH | | SOLE | | 9,870 | 0 | 0 |
James Hardie Industries PLC | Common | 47030M106 | 130,568 | 3,252 | SH | | SOLE | | 3,252 | 0 | 0 |
JD.com Inc | Common | 47215P106 | 292,000 | 7,300 | SH | | SOLE | | 7,300 | 0 | 0 |
JinkoSolar Holding Co Ltd | Common | 47759T100 | 305,104 | 11,376 | SH | | SOLE | | 11,376 | 0 | 0 |
JPMorgan Chase & Co | Common | 46625H100 | 11,180,235 | 53,347 | SH | | SOLE | | 53,347 | 0 | 0 |
Kanzhun Ltd | Common | 48553T106 | 173,600 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
KB Financial Group Inc | Common | 48241A105 | 187,905 | 3,043 | SH | | SOLE | | 3,043 | 0 | 0 |
Kingsoft Cloud Holdings Ltd | Common | 49639K101 | 207,858 | 70,700 | SH | | SOLE | | 70,700 | 0 | 0 |
Kinross Gold Corp | Common | 496902404 | 11,376,393 | 897,900 | SH | | SOLE | | 897,900 | 0 | 0 |
Koninklijke Philips NV | Common | 500472303 | 310,382 | 9,486 | SH | | SOLE | | 9,486 | 0 | 0 |
Korea Electric Power Corp | Common | 500631106 | 132,036 | 17,015 | SH | | SOLE | | 17,015 | 0 | 0 |
Lufax Holding Ltd | Common | 54975P201 | 155,654 | 44,600 | SH | | SOLE | | 44,600 | 0 | 0 |
Manulife Financial Corp | Common | 56501R106 | 5,542,880 | 138,676 | SH | | SOLE | | 138,676 | 0 | 0 |
Materials Select Sector SPDR Fund | ETP | 81369Y100 | 771,040 | 8,000 | SH | | SOLE | | 8,000 | 0 | 0 |
Meta Platforms Inc | Common | 30303M102 | 11,994,335 | 20,953 | SH | | SOLE | | 20,953 | 0 | 0 |
Microsoft Corp | Common | 594918104 | 12,784,643 | 29,711 | SH | | SOLE | | 29,711 | 0 | 0 |
MINISO Group Holding Ltd | Common | 66981J102 | 150,844 | 8,600 | SH | | SOLE | | 8,600 | 0 | 0 |
Mitsubishi UFJ Financial Group Inc | Common | 606822104 | 191,384 | 18,800 | SH | | SOLE | | 18,800 | 0 | 0 |
Mizuho Financial Group Inc | Common | 60687Y109 | 348,077 | 83,272 | SH | | SOLE | | 83,272 | 0 | 0 |
Motorola Solutions Inc | Common | 620076307 | 4,202,242 | 9,346 | SH | | SOLE | | 9,346 | 0 | 0 |
NatWest Group PLC | Common | 639057207 | 205,209 | 21,924 | SH | | SOLE | | 21,924 | 0 | 0 |
New Oriental Education & Technology Group Inc | Common | 647581206 | 174,432 | 2,300 | SH | | SOLE | | 2,300 | 0 | 0 |
NextEra Energy Inc | Common | 65339F101 | 7,949,201 | 94,040 | SH | | SOLE | | 94,040 | 0 | 0 |
Novagold Resources Inc | Common | 66987E206 | 122,011 | 21,905 | SH | | SOLE | | 21,905 | 0 | 0 |
Novartis AG | Common | 66987V109 | 1,035,180 | 9,000 | SH | | SOLE | | 9,000 | 0 | 0 |
Novo Nordisk A/S | Common | 670100205 | 182,177 | 1,530 | SH | | SOLE | | 1,530 | 0 | 0 |
Pampa Energia SA | Common | 697660207 | 258,172 | 4,300 | SH | | SOLE | | 4,300 | 0 | 0 |
PDD Holdings Inc | Common | 722304102 | 148,291 | 1,100 | SH | | SOLE | | 1,100 | 0 | 0 |
Pearson PLC | Common | 705015105 | 336,685 | 24,811 | SH | | SOLE | | 24,811 | 0 | 0 |
Pembina Pipeline Corp | Common | 706327103 | 11,286,030 | 202,440 | SH | | SOLE | | 202,440 | 0 | 0 |
Petroleo Brasileiro SA | Common | 71654V408 | 113,291 | 7,862 | SH | | SOLE | | 7,862 | 0 | 0 |
Philip Morris International Inc | Common | 718172109 | 2,181,558 | 17,970 | SH | | SOLE | | 17,970 | 0 | 0 |
PLDT Inc | Common | 69344D408 | 140,421 | 5,224 | SH | | SOLE | | 5,224 | 0 | 0 |
POSCO Holdings Inc | Common | 693483109 | 90,637 | 1,295 | SH | | SOLE | | 1,295 | 0 | 0 |
Progressive Corp/The | Common | 743315103 | 11,441,601 | 45,106 | SH | | SOLE | | 45,106 | 0 | 0 |
Prudential PLC | Common | 74435K204 | 198,378 | 10,700 | SH | | SOLE | | 10,700 | 0 | 0 |
Qifu Technology Inc | Common | 88557W101 | 245,575 | 8,238 | SH | | SOLE | | 8,238 | 0 | 0 |
Regeneron Pharmaceuticals Inc | Common | 75886F107 | 1,627,320 | 1,548 | SH | | SOLE | | 1,548 | 0 | 0 |
Reinsurance Group of America Inc | Common | 759351604 | 9,341,430 | 43,044 | SH | | SOLE | | 43,044 | 0 | 0 |
RLX Technology Inc | Common | 74969N103 | 185,344 | 102,400 | SH | | SOLE | | 102,400 | 0 | 0 |
Sea Ltd | Common | 81141R100 | 311,124 | 3,300 | SH | | SOLE | | 3,300 | 0 | 0 |
Silicon Motion Technology Corp | Common | 82706C108 | 123,667 | 2,036 | SH | | SOLE | | 2,036 | 0 | 0 |
Simon Property Group Inc | Common | 828806109 | 5,991,759 | 35,450 | SH | | SOLE | | 35,450 | 0 | 0 |
SK Telecom Co Ltd | Common | 78440P306 | 218,684 | 9,200 | SH | | SOLE | | 9,200 | 0 | 0 |
Southern Co/The | Common | 842587107 | 3,501,689 | 38,830 | SH | | SOLE | | 38,830 | 0 | 0 |
SPDR S&P Capital Markets ETF | ETP | 78464A771 | 842,940 | 6,750 | SH | | SOLE | | 6,750 | 0 | 0 |
SPDR S&P Insurance ETF | ETP | 78464A789 | 813,228 | 14,330 | SH | | SOLE | | 14,330 | 0 | 0 |
SPDR S&P Metals & Mining ETF | ETP | 78464A755 | 732,780 | 11,500 | SH | | SOLE | | 11,500 | 0 | 0 |
Sprott Physical Gold Trust | ETP | 85207H104 | 1,183,059 | 58,050 | SH | | SOLE | | 58,050 | 0 | 0 |
Sprott Physical Silver Trust | ETP | 85207K107 | 805,695 | 77,100 | SH | | SOLE | | 77,100 | 0 | 0 |
Sumitomo Mitsui Financial Group Inc | Common | 86562M209 | 366,952 | 29,054 | SH | | SOLE | | 29,054 | 0 | 0 |
Taiwan Semiconductor Manufacturing Co Ltd | Common | 874039100 | 207,188 | 1,193 | SH | | SOLE | | 1,193 | 0 | 0 |
Teck Resources Ltd | Common | 878742204 | 3,904,555 | 55,274 | SH | | SOLE | | 55,274 | 0 | 0 |
Tencent Music Entertainment Group | Common | 88034P109 | 128,935 | 10,700 | SH | | SOLE | | 10,700 | 0 | 0 |
Teva Pharmaceutical Industries Ltd | Common | 881624209 | 169,388 | 9,400 | SH | | SOLE | | 9,400 | 0 | 0 |
Thomson Reuters Corp | Common | 884903808 | 14,655,736 | 63,530 | SH | | SOLE | | 63,530 | 0 | 0 |
TIM SA/Brazil | Common | 88706T108 | 300,213 | 17,434 | SH | | SOLE | | 17,434 | 0 | 0 |
TotalEnergies SE | Common | 89151E109 | 290,079 | 4,489 | SH | | SOLE | | 4,489 | 0 | 0 |
Trip.com Group Ltd | Common | 89677Q107 | 399,786 | 6,727 | SH | | SOLE | | 6,727 | 0 | 0 |
Uber Technologies Inc | Common | 90353T100 | 2,037,588 | 27,110 | SH | | SOLE | | 27,110 | 0 | 0 |
UBS Group AG | Common | H42097107 | 336,579 | 10,889 | SH | | SOLE | | 10,889 | 0 | 0 |
Ultrapar Participacoes SA | Common | 90400P101 | 138,516 | 35,700 | SH | | SOLE | | 35,700 | 0 | 0 |
United Microelectronics Corp | Common | 910873405 | 130,064 | 15,447 | SH | | SOLE | | 15,447 | 0 | 0 |
Unity Software Inc | Common | 91332U101 | 3,574,458 | 158,022 | SH | | SOLE | | 158,022 | 0 | 0 |
VanEck Environmental Services ETF | ETP | 92189F304 | 451,164 | 2,500 | SH | | SOLE | | 2,500 | 0 | 0 |
VanEck Gold Miners ETF/USA | ETP | 92189F106 | 766,535 | 19,250 | SH | | SOLE | | 19,250 | 0 | 0 |
VanEck Junior Gold Miners ETF | ETP | 92189F791 | 712,626 | 14,600 | SH | | SOLE | | 14,600 | 0 | 0 |
Vanguard Industrials ETF | ETP | 92204A603 | 752,903 | 2,895 | SH | | SOLE | | 2,895 | 0 | 0 |
Verona Pharma PLC | Common | 925050106 | 327,978 | 11,400 | SH | | SOLE | | 11,400 | 0 | 0 |
Visa Inc | Common | 92826C839 | 2,830,726 | 10,315 | SH | | SOLE | | 10,315 | 0 | 0 |
Vodafone Group PLC | Common | 92857W308 | 223,446 | 22,300 | SH | | SOLE | | 22,300 | 0 | 0 |
Waste Connections Inc | Common | 94106B101 | 4,196,892 | 17,391 | SH | | SOLE | | 17,391 | 0 | 0 |
Weibo Corp | Common | 948596101 | 241,920 | 24,000 | SH | | SOLE | | 24,000 | 0 | 0 |
Wipro Ltd | Common | 97651M109 | 226,152 | 34,900 | SH | | SOLE | | 34,900 | 0 | 0 |
WisdomTree India Earnings Fund | ETP | 97717W422 | 686,256 | 13,600 | SH | | SOLE | | 13,600 | 0 | 0 |
Woodside Energy Group Ltd | Common | 980228308 | 100,095 | 5,806 | SH | | SOLE | | 5,806 | 0 | 0 |
XPeng Inc | Common | 98422D105 | 311,808 | 25,600 | SH | | SOLE | | 25,600 | 0 | 0 |
YPF SA | Common | 984245100 | 195,132 | 9,200 | SH | | SOLE | | 9,200 | 0 | 0 |
Zai Lab Ltd | Common | 98887Q104 | 301,750 | 12,500 | SH | | SOLE | | 12,500 | 0 | 0 |
ZTO Express Cayman Inc | Common | 98980A105 | 151,444 | 6,114 | SH | | SOLE | | 6,114 | 0 | 0 |