Instuitional Investor - Gemsstock Ltd.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	81,522	$178,527,997	31.83%
2.	Ishares Inc	EWA	3,377,800	$97,449,530	17.38%
3.	Equinox Gold Corp.	EQX	5,324,477	$30,615,743	5.46%
4.	Deutsche Bank Ag	DB	1,026,753	$30,442,201	5.43%
5.	Joint Stock Co Kaspi.kz	KSPI	327,362	$27,789,760	4.95%