13F

Position

FLOW TRADERS U.S. LLC in Vale S.A.

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Estimated mark uses implied 13F prices (value ÷ shares). Adds are treated as happening at this quarter’s mark; cuts at last quarter’s. Share jumps can be splits, not buys. This is not realized P&L.

Latest estimated mark $112$0.01$0.02

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 202559.2K$7710.0%
Q1 202638.7K$616$0.02$112−$2670.0%