| THOMIST CAPITAL MANAGEMENT, LP | 232,579 | $14,801,328 | 9.19% |
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| DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. | 1,080,000 | $68,731,200 | 4.74% |
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| TLS Advisors LLC | 16,200 | $1,031 | 4.17% |
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| SAL Trading, LLC | 27,900 | $1,775,556 | 2.49% |
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| MORGAN DEMPSEY CAPITAL MANAGEMENT LLC | 124,463 | $7,920,834 | 2.47% |
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| Marketfield Asset Management LLC | 40,054 | $2,549,037 | 2.16% |
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| BAROMETER CAPITAL MANAGEMENT INC. | 102,800 | $6,542,192 | 2.06% |
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| Trust Investment Advisors | 37,237 | $2,369,763 | 2.04% |
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| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH | 665,395 | $42,345,738 | 1.85% |
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| WINMILL & CO. INC | 73,500 | $4,677,540 | 1.71% |
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| SKBA CAPITAL MANAGEMENT LLC | 138,300 | $8,801,412 | 1.62% |
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| Shilanski & Associates, Inc. | 59,811 | $3,806,353 | 1.55% |
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| SAL Trading, LLC | 17,100 | $1,088,244 | 1.52% |
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| Greenline Partners, LLC | 125,210 | $7,968,364 | 1.50% |
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| Grassi Investment Management | 204,554 | $13,018 | 1.50% |
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| TODD ASSET MANAGEMENT LLC | 990,088 | $63,009,201 | 1.49% |
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| Crestline Management, LP | 195,235 | $12,424,755 | 1.45% |
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| Uncommon Cents Investing LLC | 55,915 | $3,558,431 | 1.30% |
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| KEMPNER CAPITAL MANAGEMENT INC. | 32,849 | $2,091,000 | 1.26% |
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| CoreCommodity Management, LLC | 51,577 | $3,282,360 | 1.10% |
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