GARDEN STAGE LIMITED

CUSIP: G3730L107 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (1)

JANE STREET GROUP, LLC

Value ($000) $8 Shares 61,156

Institution	Shares	Value ($000)
JANE STREET GROUP, LLC	61,156	$8

Increased Positions (2)

Value ($000) $33 (+196.7%) Shares 258,052 (+244.5%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $9 (+313.7%) Shares 66,692 (+380.2%)

Institution	Prev Shares	Curr Shares	Change
XTX Topco Ltd	74,905	258,052	+183,147 (+244.5%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	13,888	66,692	+52,804 (+380.2%)

Decreased Positions (2)

Value ($000) $0 (-100.0%) Shares 32 (-99.9%)

TWO SIGMA SECURITIES, LLC

Value ($000) $3 (-60.5%) Shares 19,775 (-54.2%)

Institution	Prev Shares	Curr Shares	Change
UBS Group AG	60,179	32	-60,147 (-99.9%)
TWO SIGMA SECURITIES, LLC	43,135	19,775	-23,360 (-54.2%)

Exited Positions (3)

CITADEL ADVISORS LLC

Value ($000) $6 Shares 41,271

Centiva Capital, LP

Value ($000) $5 Shares 33,983

BANK HAPOALIM BM

Value ($000) $0 Shares 33,000

Institution	Prev Shares	Prev Value ($000)
CITADEL ADVISORS LLC	41,271	$6
Centiva Capital, LP	33,983	$5
BANK HAPOALIM BM	33,000	$0