| 1 | AP Moller - Maersk A/S | 5,14% |
| 2 | Mitsui OSK Lines Ltd9104.T | 5,12% |
| 3 | Frontline PLCFRO | 5,07% |
| 4 | Kawasaki Kisen Kaisha Ltd9107.T | 4,96% |
| 5 | SITC International Holdings Co Ltd1308.HK | 4,92% |
| 6 | HMM Co Ltd011200.KS | 4,55% |
| 7 | Wallenius Wilhelmsen ASAWAWI.OL | 4,33% |
| 8 | International Seaways IncINSW | 4,3% |
| 9 | ORIENT OVERSEAS INTL0316.HK | 4,16% |
| 10 | Hafnia LtdHAFNI.OL | 4,03% |
| 11 | Matson IncMATX | 3,88% |
| 12 | Hapag-Lloyd AGHLAG.DE | 3,84% |
| 13 | COSCO SHIPPING Holdings Co Ltd1919.HK | 3,75% |
| 14 | CMB Tech NVCMBT.BR | 3,58% |
| 15 | Scorpio Tankers IncSTNG | 3,54% |
| 16 | TORM PLC | 1,86% |
| 17 | Star Bulk Carriers CorpSBLK | 1,84% |
| 18 | Hoegh Autoliners ASAHAUTO.OL | 1,83% |
| 19 | Stolt-Nielsen LtdSNI.OL | 1,8% |
| 20 | DHT Holdings IncDHT | 1,72% |
| 21 | ZIM Integrated Shipping Services LtdZIM | 1,71% |
| 22 | TS Lines Ltd2510.HK | 1,52% |
| 23 | COSCO SHIPPING Energy Transportation Co Ltd1138.HK | 1,48% |
| 24 | Danaos CorpDAC | 1,45% |
| 25 | Pacific Basin Shipping Ltd2343.HK | 1,44% |
| 26 | Teekay Tankers LtdTNK | 1,43% |
| 27 | Okeanis Eco Tankers CorpOET.OL | 1,43% |
| 28 | Dorian LPG LtdLPG | 1,21% |
| 29 | Pan Ocean Co Ltd028670.KS | 1,2% |
| 30 | Costamare IncCMRE | 0,96% |
| 31 | D/S Norden A/SDNORD.CO | 0,95% |
| 32 | SFL Corp LtdSFL | 0,95% |
| 33 | Global Ship Lease IncGSL | 0,85% |
| 34 | NS United Kaiun Kaisha Ltd9110.T | 0,82% |
| 35 | Nordic American Tankers LtdNAT | 0,79% |
| 36 | Navigator Holdings LtdNVGS | 0,73% |
| 37 | MPC Container Ships ASAMPCC.OL | 0,67% |
| 38 | Tsakos Energy Navigation LtdTEN | 0,66% |
| 39 | Genco Shipping & Trading LtdGNK | 0,62% |
| 40 | TEEKAY CORP LTDTK | 0,61% |
| 41 | d'Amico International Shipping SADIS.MI | 0,59% |
| 42 | Cash & Other | 0,48% |
| 43 | Safe Bulkers IncSB | 0,46% |
| 44 | Himalaya Shipping LtdHSHP.OL | 0,43% |
| 45 | Ardmore Shipping CorpASC | 0,37% |
| 46 | First American Government Obligations Fund 12/01/2031 | 0,31% |
| 47 | PANGAEA LOGISTICS SOLUTIONS LTPANL | 0,28% |
| 48 | Euroseas LtdESEA | 0,26% |
| 49 | Seanergy Maritime Holdings CorpSHIP | 0,2% |
| 50 | KNOT Offshore Partners LPKNOP | 0,19% |
| 51 | Diana Shipping IncDSX | 0,18% |
| 52 | StealthGas IncGASS | 0,17% |
| 53 | Heung-A Shipping Co Ltd | 0,15% |
| 54 | HONG KONG DOLLAR | 0,14% |
| 55 | NORWEGIAN KRONE | 0,08% |
| 56 | EURO | 0,02% |
