BANK MONTREAL MEDIUM

Ticker: GDXU CUSIP: 063679542 Class: Inverse Market Hedge Fund

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (4)

Jump Financial, LLC
Value ($000) $5,019 Shares 20,597
CITIGROUP INC
Value ($000) $30,134 Shares 123,671
Steward Partners Investment Advisory, LLC
Value ($000) $134 Shares 550
Tower Research Capital LLC (TRC)
Value ($000) $34 Shares 140

Increased Positions (4)

TWO SIGMA SECURITIES, LLC
Value ($000) $847 (+167.9%) Shares 3,476 (+125.3%)
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC.
Value ($000) $126 (+517.2%) Shares 519 (+419.0%)
MORGAN STANLEY
Value ($000) $485 (+146.5%) Shares 1,990 (+107.3%)
SIGNATUREFD, LLC
Value ($000) $73 (+29.7%) Shares 300 (+9.1%)

Decreased Positions (5)

COLDSTREAM CAPITAL MANAGEMENT INC
Value ($000) $365 (-60.4%) Shares 1,500 (-66.7%)
Spire Wealth Management
Value ($000) $110 (-63.3%) Shares 450 (-69.1%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $3,645 (-10.6%) Shares 14,958 (-24.8%)
OSAIC HOLDINGS, INC.
Value ($000) $24 (-76.2%) Shares 100 (-80.0%)
Legacy Wealth Managment, LLC/ID
Value ($000) $2 (-20.7%) Shares 10 (-33.3%)

Exited Positions (2)

HRT FINANCIAL LP
Value ($000) $1 Shares 5,319
BANK OF AMERICA CORP /DE/
Value ($000) $1 Shares 650