Aubrey Capital Management Ltd Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NU	NU HOLDINGS LTD	1,123,500	$18,809	7.4%	$16.07	0.0%	COM	G6683N103
HTHT	H WORLD GROUP LTD	253,900	$11,946	4.7%	$47.05	—	COM	44332N106
KRMN	KARMAN HOLDINGS INC	50,400	$3,687	1.5%	$72.41	0.0%	COM	485924104
GOOGL	ALPHABET INC	11,300	$3,537	1.4%	$285.60	0.0%	COM	02079K305
SHOP	SHOPIFY INC	20,000	$3,219	1.3%	$160.56	0.0%	COM	82509L107
BWXT	BWX TECHNOLOGIES INC	18,500	$3,197	1.3%	$187.42	0.0%	COM	05605H100
VRT	VERTIV HOLDINGS CO	19,400	$3,143	1.2%	$173.58	0.0%	COM	92537N108
WWD	WOODWARD INC	9,300	$2,812	1.1%	$274.80	0.0%	COM	980745103
PANW	PALO ALTO NETWORKS INC	14,000	$2,579	1.0%	$201.75	0.0%	COM	697435105
PLMR	PALOMAR HOLDINGS INC	17,200	$2,318	0.9%	$122.07	0.0%	COM	69753M105
GS	GOLDMAN SACHS GROUP INC	2,600	$2,285	0.9%	$813.35	0.0%	COM	38141G104
ULTA	ULTA BEAUTY INC	3,280	$1,985	0.8%	$549.70	0.0%	COM	90384S303
SSNHZ	SAMSUNG ELECTRONICS CO LTD	750	$1,550	0.6%	$2066.00	—	COM	796050888
AEM	AGNICO EAGLE MINES LTD	5,294	$908	0.4%	$167.85	0.0%	COM	008474108
TSM	TAIWAN SEMICONDUCTOR	2,000	$600	0.2%	$300.21	—	ADR	874039100

Increased Positions (13)

LAUR LAUREATE EDUCATION INC 3.0%

Value ($000) $7,616 (+503.7%) Shares 226,200 (+465.5%) Est. Cost $30.04 Unrealized +2.7%

BABA ALIBABA GROUP HODING LTD 6.1%

Value ($000) $15,581 (+47.5%) Shares 106,300 (+79.9%) Est. Cost $115.64 Unrealized —

LTM LATAM AIRLINES GROUP SA 7.3%

Value ($000) $18,507 (+21.5%) Shares 342,653 (+1.8%) Est. Cost $33.15 Unrealized —

NTRA NATERA INC 1.9%

Value ($000) $4,902 (+88.0%) Shares 21,400 (+32.1%) Est. Cost $170.45 Unrealized +22.4%

ANET ARISTA NETWORKS INC 1.5%

Value ($000) $3,708 (+9.7%) Shares 28,300 (+22.0%) Est. Cost $130.37 Unrealized +5.6%

INCO COLUMBIA INDIA COMNSUMER ETF 0.4%

Value ($000) $1,099 (+42.1%) Shares 16,955 (+41.8%) Est. Cost $58.24 Unrealized —

RGLD ROYAL GOLD INC 0.6%

Value ($000) $1,644 (+22.9%) Shares 7,313 (+8.7%) Est. Cost $138.04 Unrealized +43.7%

INDA ISHARES MSCI INDIA ETF 0.3%

Value ($000) $826 (+54.3%) Shares 15,287 (+48.6%) Est. Cost $47.44 Unrealized —

NBIX NEUROCRINE BIOSCIENCES 0.3%

Value ($000) $749 (+43.6%) Shares 5,313 (+42.9%) Est. Cost $138.31 Unrealized +4.7%

BMRN BIOMARIN PHARMACEUTICAL INC 0.3%

Value ($000) $760 (+39.3%) Shares 12,880 (+27.5%) Est. Cost $56.60 Unrealized -3.8%

TCOM TRIP.COM GROUP LTD 5.1%

Value ($000) $13,030 (+1.6%) Shares 181,200 (+6.3%) Est. Cost $75.01 Unrealized —

HDB HDFC BANK LTD-ADR 0.5%

Value ($000) $1,180 (+12.4%) Shares 32,345 (+5.2%) Est. Cost $7975.69 Unrealized —

STWD STARWOOD PROPERTY TRUST INC 0.4%

Value ($000) $994 (+5.3%) Shares 53,600 (+12.6%) Est. Cost $19.32 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LAUR	LAUREATE EDUCATION INC	226,200 (+465.5%)	$7,616 (+503.7%)	3.0%	$30.04	+2.7%	COM	518613203
BABA	ALIBABA GROUP HODING LTD	106,300 (+79.9%)	$15,581 (+47.5%)	6.1%	$115.64	—	COM	01609W102
LTM	LATAM AIRLINES GROUP SA	342,653 (+1.8%)	$18,507 (+21.5%)	7.3%	$33.15	—	COM	51817R205
NTRA	NATERA INC	21,400 (+32.1%)	$4,902 (+88.0%)	1.9%	$170.45	+22.4%	COM	632307104
ANET	ARISTA NETWORKS INC	28,300 (+22.0%)	$3,708 (+9.7%)	1.5%	$130.37	+5.6%	COM	040413205
INCO	COLUMBIA INDIA COMNSUMER ETF	16,955 (+41.8%)	$1,099 (+42.1%)	0.4%	$58.24	—	ETF	19762B707
RGLD	ROYAL GOLD INC	7,313 (+8.7%)	$1,644 (+22.9%)	0.6%	$138.04	+43.7%	COM	780287108
INDA	ISHARES MSCI INDIA ETF	15,287 (+48.6%)	$826 (+54.3%)	0.3%	$47.44	—	ETF	46429B598
NBIX	NEUROCRINE BIOSCIENCES	5,313 (+42.9%)	$749 (+43.6%)	0.3%	$138.31	+4.7%	COM	64125C109
BMRN	BIOMARIN PHARMACEUTICAL INC	12,880 (+27.5%)	$760 (+39.3%)	0.3%	$56.60	-3.8%	COM	09061G101
TCOM	TRIP.COM GROUP LTD	181,200 (+6.3%)	$13,030 (+1.6%)	5.1%	$75.01	—	COM	89677Q107
HDB	HDFC BANK LTD-ADR	32,345 (+5.2%)	$1,180 (+12.4%)	0.5%	$7975.69	—	ADR	40415F101
STWD	STARWOOD PROPERTY TRUST INC	53,600 (+12.6%)	$994 (+5.3%)	0.4%	$19.32	—	COM	85571B105

Exited Positions (14)

SE SEA LTD-ADR 12.5%

Value ($000) $31,795 Shares 177,901 Est. Cost $107.70 Unrealized —

DIDIY DIDI GLOBAL INC 6.0%

Value ($000) $15,201 Shares 2,443,062 Est. Cost $4.84 Unrealized —

CPNG COUPANG INC 6.0%

Value ($000) $15,134 Shares 470,000 Est. Cost $30.23 Unrealized -5.9%

MELI MERCADOLIBRE INC 5.2%

Value ($000) $13,176 Shares 5,638 Est. Cost $1329.13 Unrealized +58.0%

DOCS DOXIMITY INC 1.8%

Value ($000) $4,572 Shares 62,500 Est. Cost $65.20 Unrealized -13.9%

BKNG BOOKING HOLDINGS INC 1.7%

Value ($000) $4,318 Shares 800 Est. Cost $3679.52 Unrealized +39.6%

NFLX NETFLIX INC 1.7%

Value ($000) $4,316 Shares 3,600 Est. Cost $67.49 Unrealized +59.7%

UBER UBER TECHNOLOGIES INC 1.7%

Value ($000) $4,232 Shares 43,200 Est. Cost $72.70 Unrealized +23.9%

META META PLATFORMS INC 1.5%

Value ($000) $3,745 Shares 5,100 Est. Cost $743.23 Unrealized -10.2%

CHWY CHEWY INC 1.3%

Value ($000) $3,195 Shares 79,000 Est. Cost $39.84 Unrealized -12.8%

Z ZILLOW GROUP INC 1.2%

Value ($000) $3,058 Shares 39,700 Est. Cost $81.72 Unrealized -11.4%

FCX FREEPORT MCMORAN INC 0.2%

Value ($000) $441 Shares 11,800 Est. Cost $43.20 Unrealized +0.3%

ASTH ASTRANA HEALTH INC 0.2%

Value ($000) $437 Shares 15,104 Est. Cost $27.10 Unrealized -2.0%

TME TENCENT MUSIC ENTERTAINMENT GROUP 0.1%

Value ($000) $233 Shares 10,000 Est. Cost $19.49 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SE	SEA LTD-ADR	177,901	$31,795	12.5%	$107.70	—	—	81141R100
DIDIY	DIDI GLOBAL INC	2,443,062	$15,201	6.0%	$4.84	—	—	23292E108
CPNG	COUPANG INC	470,000	$15,134	6.0%	$30.23	-5.9%	—	22266T109
MELI	MERCADOLIBRE INC	5,638	$13,176	5.2%	$1329.13	+58.0%	—	58733R102
DOCS	DOXIMITY INC	62,500	$4,572	1.8%	$65.20	-13.9%	—	26622P107
BKNG	BOOKING HOLDINGS INC	800	$4,318	1.7%	$3679.52	+39.6%	—	09857L108
NFLX	NETFLIX INC	3,600	$4,316	1.7%	$67.49	+59.7%	—	64110L106
UBER	UBER TECHNOLOGIES INC	43,200	$4,232	1.7%	$72.70	+23.9%	—	90353T100
META	META PLATFORMS INC	5,100	$3,745	1.5%	$743.23	-10.2%	—	30303M102
CHWY	CHEWY INC	79,000	$3,195	1.3%	$39.84	-12.8%	—	16679L109
Z	ZILLOW GROUP INC	39,700	$3,058	1.2%	$81.72	-11.4%	—	98954M200
FCX	FREEPORT MCMORAN INC	11,800	$441	0.2%	$43.20	+0.3%	—	35671D857
ASTH	ASTRANA HEALTH INC	15,104	$437	0.2%	$27.10	-2.0%	—	03763A207
TME	TENCENT MUSIC ENTERTAINMENT GROUP	10,000	$233	0.1%	$19.49	—	—	88034P109

Decreased Positions (19)

IBN ICICI BANK LTD 0.1%

Value ($000) $256 (-98.1%) Shares 8,600 (-98.0%) Est. Cost $15141.51 Unrealized —

GRAB GRAB HOLDINGS LTD 6.0%

Value ($000) $15,229 (-39.6%) Shares 3,052,058 (-27.1%) Est. Cost $4.61 Unrealized +20.0%

FUTU FUTU HOLDINGS LTD 7.9%

Value ($000) $20,198 (-22.4%) Shares 123,000 (-17.8%) Est. Cost $145.85 Unrealized —

SN SHARKNINJA INC 0.2%

Value ($000) $630 (-83.2%) Shares 5,550 (-84.7%) Est. Cost $75.85 Unrealized +29.9%

IDCC INTERDIGITAL INC 2.2%

Value ($000) $5,475 (-32.6%) Shares 17,200 (-26.8%) Est. Cost $114.39 Unrealized +209.1%

SPOT SPOTIFY TECHNOLOCY SA 1.4%

Value ($000) $3,485 (-33.4%) Shares 6,000 (-20.0%) Est. Cost $345.05 Unrealized +81.2%

AXON AXON ENTERPRISE INC 1.5%

Value ($000) $3,806 (-31.1%) Shares 6,700 (-13.0%) Est. Cost $154.39 Unrealized +301.9%

FIX COMFORT SYSTEMS USA INC 2.1%

Value ($000) $5,226 (-22.8%) Shares 5,600 (-31.7%) Est. Cost $149.35 Unrealized +518.0%

B BARRICK MINING CORP 0.4%

Value ($000) $1,027 (-40.7%) Shares 23,259 (-55.6%) Est. Cost $19.29 Unrealized +94.0%

AVGO BROADCOM INC 2.1%

Value ($000) $5,295 (-8.3%) Shares 15,300 (-12.6%) Est. Cost $132.46 Unrealized +169.5%

VIST VISTA ENERGY SAB DE CV 0.3%

Value ($000) $707 (+32.1%) Shares 14,579 (-3.9%) Est. Cost $46.68 Unrealized —

CCJ CAMECO CORP 1.6%

Value ($000) $3,952 (+3.8%) Shares 43,200 (-4.8%) Est. Cost $77.39 Unrealized +16.2%

NVDA NVIDIA CORP 1.7%

Value ($000) $4,252 (-3.0%) Shares 22,800 (-3.0%) Est. Cost $174.29 Unrealized +6.8%

AGNC AGNC INVESTMENT CORP 0.6%

Value ($000) $1,428 (+7.2%) Shares 132,000 (-2.4%) Est. Cost $8.66 Unrealized —

FNV FRANCO-NEVADA CORP 0.3%

Value ($000) $774 (-8.9%) Shares 3,720 (-3.9%) Est. Cost $113.04 Unrealized +79.4%

AUTL AUTOLUS THERAPEUTICS PLC 0.2%

Value ($000) $445 (+18.7%) Shares 225,201 (-3.9%) Est. Cost $2.27 Unrealized —

AU ANGLOGOLD ASHANTI PLC 0.6%

Value ($000) $1,416 (+3.3%) Shares 16,411 (-16.9%) Est. Cost $24.87 Unrealized +211.6%

BOPCF BIOPHARMA CREDIT PLC 1.1%

Value ($000) $2,715 (-1.1%) Shares 2,950,990 (-3.3%) Est. Cost $132.22 Unrealized —

NATKY NAC KAZATOMPROM JSC 0.3%

Value ($000) $718 (+2.6%) Shares 12,793 (-3.5%) Est. Cost $37.98 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBN	ICICI BANK LTD	8,600 (-98.0%)	$256 (-98.1%)	0.1%	$15141.51	—	COM	45104G104
GRAB	GRAB HOLDINGS LTD	3,052,058 (-27.1%)	$15,229 (-39.6%)	6.0%	$4.61	+20.0%	COM	G4124C109
FUTU	FUTU HOLDINGS LTD	123,000 (-17.8%)	$20,198 (-22.4%)	7.9%	$145.85	—	COM	36118L106
SN	SHARKNINJA INC	5,550 (-84.7%)	$630 (-83.2%)	0.2%	$75.85	+29.9%	COM	G8068L108
IDCC	INTERDIGITAL INC	17,200 (-26.8%)	$5,475 (-32.6%)	2.2%	$114.39	+209.1%	COM	45867G101
SPOT	SPOTIFY TECHNOLOCY SA	6,000 (-20.0%)	$3,485 (-33.4%)	1.4%	$345.05	+81.2%	COM	L8681T102
AXON	AXON ENTERPRISE INC	6,700 (-13.0%)	$3,806 (-31.1%)	1.5%	$154.39	+301.9%	COM	05464C101
FIX	COMFORT SYSTEMS USA INC	5,600 (-31.7%)	$5,226 (-22.8%)	2.1%	$149.35	+518.0%	COM	199908104
B	BARRICK MINING CORP	23,259 (-55.6%)	$1,027 (-40.7%)	0.4%	$19.29	+94.0%	COM	06849F108
AVGO	BROADCOM INC	15,300 (-12.6%)	$5,295 (-8.3%)	2.1%	$132.46	+169.5%	COM	11135F101
VIST	VISTA ENERGY SAB DE CV	14,579 (-3.9%)	$707 (+32.1%)	0.3%	$46.68	—	COM	92837L109
CCJ	CAMECO CORP	43,200 (-4.8%)	$3,952 (+3.8%)	1.6%	$77.39	+16.2%	COM	13321L108
NVDA	NVIDIA CORP	22,800 (-3.0%)	$4,252 (-3.0%)	1.7%	$174.29	+6.8%	COM	67066G104
AGNC	AGNC INVESTMENT CORP	132,000 (-2.4%)	$1,428 (+7.2%)	0.6%	$8.66	—	COM	00123Q104
FNV	FRANCO-NEVADA CORP	3,720 (-3.9%)	$774 (-8.9%)	0.3%	$113.04	+79.4%	COM	351858105
AUTL	AUTOLUS THERAPEUTICS PLC	225,201 (-3.9%)	$445 (+18.7%)	0.2%	$2.27	—	COM	05280R100
AU	ANGLOGOLD ASHANTI PLC	16,411 (-16.9%)	$1,416 (+3.3%)	0.6%	$24.87	+211.6%	COM	G0378L100
BOPCF	BIOPHARMA CREDIT PLC	2,950,990 (-3.3%)	$2,715 (-1.1%)	1.1%	$132.22	—	COM	G12808104
NATKY	NAC KAZATOMPROM JSC	12,793 (-3.5%)	$718 (+2.6%)	0.3%	$37.98	—	COM	63253R201

Unchanged Positions (6)

BZ KANZHUN LTD 4.2%

Value ($000) $10,553 Shares 517,800 Est. Cost $23.36 Unrealized —

EMBJ EMBRAER SA 7.9%

Value ($000) $20,019 Shares 311,008 Est. Cost $53.01 Unrealized —

ROAD CONSTRUCTION PARTNERS INC 1.5%

Value ($000) $3,823 Shares 35,200 Est. Cost $61.62 Unrealized +82.7%

VIK VIKING HOLDINGS LTD 1.5%

Value ($000) $3,828 Shares 53,600 Est. Cost $59.63 Unrealized +7.0%

BCH BANCO DE CHILE 0.6%

Value ($000) $1,539 Shares 40,500 Est. Cost $30.30 Unrealized —

SNEX STONEX GROUP INC 1.6%

Value ($000) $4,099 Shares 43,100 Est. Cost $95.50 Unrealized -1.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BZ	KANZHUN LTD	517,800	$10,553	4.2%	$23.36	—	COM	48553T106
EMBJ	EMBRAER SA	311,008	$20,019	7.9%	$53.01	—	COM	29082A107
ROAD	CONSTRUCTION PARTNERS INC	35,200	$3,823	1.5%	$61.62	+82.7%	COM	21044C107
VIK	VIKING HOLDINGS LTD	53,600	$3,828	1.5%	$59.63	+7.0%	COM	G93A5A101
BCH	BANCO DE CHILE	40,500	$1,539	0.6%	$30.30	—	COM	059520106
SNEX	STONEX GROUP INC	43,100	$4,099	1.6%	$95.50	-1.3%	COM	861896108