CARLSBERG AS SPONSORED ADR

Ticker: CABGY CUSIP: 142795202 Class: ADR

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (4)

YOUSIF CAPITAL MANAGEMENT, LLC

Value ($000) $225 Shares 8,487

ATLAS CAPITAL ADVISORS LLC

Value ($000) $7 Shares 274

THURSTON, SPRINGER, MILLER, HERD & TITAK, INC.

Value ($000) $2 Shares 65

Motiv8 Investments LLC

Value ($000) $0 Shares 35

Institution	Shares	Value ($000)
YOUSIF CAPITAL MANAGEMENT, LLC	8,487	$225
ATLAS CAPITAL ADVISORS LLC	274	$7
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC.	65	$2
Motiv8 Investments LLC	35	$0

Increased Positions (2)

RHUMBLINE ADVISERS

Value ($000) $852 (+164.4%) Shares 32,641 (+135.6%)

GAMMA Investing LLC

Value ($000) $119 (+17.7%) Shares 4,572 (+4.9%)

Institution	Prev Shares	Curr Shares	Change
RHUMBLINE ADVISERS	13,852	32,641	+18,789 (+135.6%)
GAMMA Investing LLC	4,357	4,572	+215 (+4.9%)

Decreased Positions (3)

RNC CAPITAL MANAGEMENT LLC

Value ($000) $417 (-11.1%) Shares 15,960 (-20.8%)

Madison Asset Management, LLC

Value ($000) $1,691 (+7.1%) Shares 64,748 (-4.5%)

Salomon & Ludwin, LLC

Value ($000) $4 (-38.3%) Shares 149 (-43.1%)

Institution	Prev Shares	Curr Shares	Change
RNC CAPITAL MANAGEMENT LLC	20,140	15,960	-4,180 (-20.8%)
Madison Asset Management, LLC	67,809	64,748	-3,061 (-4.5%)
Salomon & Ludwin, LLC	262	149	-113 (-43.1%)