GRANITESHARES ETF TR

Ticker: MRAL CUSIP: 38747R538 Class: ETF

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (3)

HUB Investment Partners, LLC
Value ($000) $252 Shares 55,000
Tower Research Capital LLC (TRC)
Value ($000) $10 Shares 2,116
UBS Group AG
Value ($000) $1 Shares 246

Increased Positions (4)

Sara-Bay Financial
Value ($000) $657 (-44.8%) Shares 133,580 (+159.2%)
JANE STREET GROUP, LLC
Value ($000) $510 (-13.8%) Shares 111,063 (+334.1%)
HighTower Advisors, LLC
Value ($000) $246 (-75.5%) Shares 53,508 (+23.2%)
Optiver Holding B.V.
Value ($000) $141 (-75.4%) Shares 30,822 (+24.0%)

Decreased Positions (1)

SBI Securities Co., Ltd.
Value ($000) $21 (-92.0%) Shares 4,471 (-60.0%)

Exited Positions (5)

SLT Holdings LLC
Value ($000) $208 Shares 9,000
Foundations Investment Advisors, LLC
Value ($000) $208 Shares 9,000
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $548 Shares 23,685
Belvedere Trading LLC
Value ($000) $89 Shares 3,840
GROUP ONE TRADING, L.P.
Value ($000) $58 Shares 2,522