# EDGAR Filing Document

**Accession Number:** 0001068897
**File Stem:** 0000910472-26-007939
**Filing Date:** 2026-5
**Character Count:** 24094
**Document Hash:** a60327014aec391ec10c2f189a39bc4d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-007939.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000910472-26-007939

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FOXBY CORP.
- **CENTRAL INDEX KEY:** 0001068897

**ORGANIZATION NAME:**
- **EIN:** 391966806
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09261
- **FILM NUMBER:** 261032401

**BUSINESS ADDRESS:**
- **STREET 1:** 17 OLD DREWSVILLE ROAD
- **CITY:** WALOPLE
- **STATE:** NH
- **BUSINESS PHONE:** 2127850900

**MAIL ADDRESS:**
- **STREET 1:** 17 OLD DREWSVILLE ROAD
- **CITY:** WALOPLE
- **STATE:** NH

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FOXBY CORP
- **DATE OF NAME CHANGE:** 20030716

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INTERNET GROWTH FUND INC
- **DATE OF NAME CHANGE:** 20020723

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LCM INTERNET GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19980825

## Nport-Ex

---

| | | |
|:---|:---|:---|
|  | **FOXBY CORP.** |  |
|  | **SCHEDULE OF PORTFOLIO INVESTMENTS** |  |
|  | **March 31, 2026** |  |
|  | (Unaudited) |  |
| **Shares** |  | **Value** |
|  | **Common Stocks (97.75%)** |  |
|  | **Fire, Marine & Casualty Insurance (3.76%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000 | The Progressive Corporation | $594720 |
|  | **Gold Ores (1.00%)** |  |
| 3452 | Torex Gold Resources Inc. | 158457 |
|  | **Retail - Department Stores (3.58%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 990 | Dillard's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;566389 |
|  | **Retail - Hobby, Toy & Game Shops (3.91%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16500 | Build-A-Bear Workshop, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;617925 |
|  | **Retail - Home Furniture, Furnishings, and Equipment Stores (5.77%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000 | Williams-Sonoma, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;911650 |
|  | **Rolling Drawing & Extruding of Nonferrous Metals (5.53%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7880 | Mueller Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;873104 |
|  | **Security and Commodity Brokers, Dealers & Flotation Companies (6.62%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15600 | Interactive Brokers Group, Inc. Class A | 1046292 |
|  | **Services - Business Services (2.02%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3350 | Nutex Health, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318384 |
|  | **Services - Computer Processing and Data Preparation and Processing Services (2.62%)** | **Services - Computer Processing and Data Preparation and Processing Services (2.62%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480600 | NamSys Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414614 |
|  | **Services - Computer Programming, Data Processing (25.52%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000 | Alphabet Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2875600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32400 | EverQuote, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1150 | Meta Platforms, Inc. | 657949 |
|  |  | 4033157 |
|  | **Services - Equipment Rental and Leasing (3.39%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 735 | United Rentals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;535492 |
|  | **Services - General Medical and Surgical Hospitals (4.04%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1350 | HCA Healthcare, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;638874 |
|  | **Services - Prepackaged Software (11.62%)** |  |
| 6600 | Alarm.com Holdings, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14081 | Clear Secure, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290 | Constellation Software Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4095 | Qualys, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359746 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1835582 |
|  | **Steel Works, Blast Furnances Rolling Mills (9.00%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7900 | Steel Dynamics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1422000 |
|  | **Surety Insurance (9.37%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14500 | Essent Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;847380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16869 | NMI Holdings, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632756 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1480136 |
|  | Total common stock (Cost $8,138,899) (97.75%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15446776 |
|  | Cash and other assets in excesss of liabilities (2.25%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356159 |
|  | Net assets (100.00%) | $15802935 |
| <sup>(a)</sup> Non-income producing. | <sup>(a)</sup> Non-income producing. |  |

---

------

#### Notes to Schedule of Portfolio Investments (Unaudited)

#### Valuation of Investments
Portfolio securities are valued by various methods depending on the primary market or exchange on which they trade. Most equity securities for which the primary market is in the United States are usually valued at the official closing price, last sale price or, if no sale has occurred, at the closing bid price. Most equity securities for which the primary market is outside the United States are usually valued using the official closing price or the last sale price in the principal market in which they are traded. If the last sale price on the local exchange is unavailable, the last evaluated quote or closing bid price normally is used. In the event of an unexpected closing of the primary market or exchange, a security may continue to trade on one or more other markets, and the price as reflected on those other trading venues may be more reflective of the security's value than an earlier price from the primary market or exchange. Accordingly, Foxby Corp. (the "Fund") may seek to use these additional sources of pricing data or information when prices from the primary market or exchange are unavailable or are earlier and less representative of current market value. Certain debt securities may be priced through pricing services that may utilize a matrix pricing system which takes into consideration factors such as yields, prices, maturities, call features, and ratings on comparable securities or according to prices quoted by a securities dealer that offers pricing services. Open end investment companies are valued at their net asset value ("NAV"). Foreign securities markets may be open on days when the U.S. markets are closed. For this reason, the value of any foreign securities owned by the Fund could change on a day when shareholders cannot buy or sell shares of the Fund. Although the Fund's Board of Directors (the "Board") may choose to determine fair value in good faith for any or all fund investments by carrying out the required functions itself, pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Company Act"), the Board currently has chosen to designate the performance of fair value determinations to a valuation designee, Midas Management Corporation (the "Investment Manager"), subject to the Board's oversight with respect to securities for which market quotations are not readily available and reliable and other assets, called "fair value pricing." Due to the inherent uncertainty of valuation, fair value pricing values may differ from the values that would have been used had a readily available and reliable market quotation for the securities existed. These differences in valuation could be material. A security's valuation may differ depending on the method used for determining value. The use of fair value pricing by the Fund may cause the NAV of its shares to differ from the NAV that would be calculated using market prices. A fair value price is an estimate and there is no assurance that such price will be at or close to the price at which a security is next quoted or traded.

#### Value Measurements
Generally accepted accounting principles establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:

• Level 1 – unadjusted quoted prices in active markets for identical assets or liabilities including securities actively traded on a securities exchange.

• Level 2 – observable inputs other than quoted prices included in level 1 that are observable for the asset or liability which may include quoted prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.

• Level 3 – unobservable inputs for the asset or liability including the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets for the security, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for investments categorized in level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs and

------

methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities.

The following is a description of the valuation techniques applied to the Fund's major categories of assets and liabilities measured at fair value on a recurring basis:

Equity Securities (Common Stock) – Most publicly traded equity securities are valued normally at the most recent official closing price, last sale price, evaluated quote, or closing bid price. To the extent these securities are actively traded and valuation adjustments are not applied, they may be categorized in level 1 of the fair value hierarchy. Equities on inactive markets or valued by reference to similar instruments may be categorized in level 2.

The following is a summary of the inputs used as of March 31, 2026, in valuing the Fund's assets. Refer to the Schedule of Portfolio Investments for detailed information on specific investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Investments, at value |  |  |  |  |
| Common stocks | $15446776 | $- | $- | $15446776 |
| Total investments, at value | $15446776 | $- | $- | $15446776 |

---

#### Cost for Federal Income Tax Purposes
As of March 31, 2026, for federal income tax purposes, the aggregate cost of investments was $8,138,899 and net unrealized appreciation was $7,307,877, comprised of gross unrealized appreciation of $7,775,205 and gross unrealized depreciation of $467,328. The aggregate cost of investments for tax purposes will depend upon the Fund's investment experience during the entirety of its fiscal year and may be subject to changes based on tax regulations.

#### Portfolio Concentration
The Fund operates as a "non-diversified" investment company under the Company Act, which means that the portion of the Fund's assets that may be invested in the securities of a single issuer and the amount of the outstanding voting securities of a particular issuer held by the Fund are not limited by the Company Act. The Fund, however, currently intends to continue to conduct its operations so as to qualify as a "regulated investment company" for purposes of the Internal Revenue Code of 1986, as amended, which currently requires that, at the end of each quarter of the taxable year, with respect to 50% of the Fund's total assets, the Fund limits to 5% the portion of its total assets invested in the securities of a single issuer. There are no such limitations with respect to the balance of the Fund's portfolio, although no single investment can exceed 25% of a Fund's total assets at the time of purchase. A more concentrated portfolio may cause the Fund's NAV to be more volatile and thus may subject shareholders to more risk.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Foxby Corp.

- **b. Investment Company Act file number:** 811-09261

- **c. CIK number of Registrant:** 0001068897

- **d. LEI of Registrant:** 5493000W7P09VQYLUO04

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 17 Old Drewsville Rd

  - **City:** Wapole

  - **State:** NH

  - **Foreign country:** US

  - **Zip / Postal Code:** 03608

  - **Telephone number:** 212-785-0900

**Item A.2. Information about the Series.**

- **a. Name of Series:** FOXBY CORP.

- **c. LEI of Series:** 5493000W7P09VQYLUO04

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $15848693.63

**Total Liabilities:** $45758.13

**Net Assets:** $15802935.50

**Cash Not Reported:** $1053.00

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 4.05%                | -2.30%               | -8.60%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.01                    | $674705.13                                 |
| Month 2  | $0.00                    | $-374745.59                                |
| Month 3  | $1216885.83              | $-2753671.72                               |

### Schedule of Portfolio Investments

| Name                          | Title                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alarm.com Holdings Inc.       | Alarm.com Holdings, Inc.            | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |      6600 | NS      | $285054.00    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                 | Alphabet, Inc.                      | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     10000 | NS      | $2875600.00   | 18.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Build A Bear Workshop Inc     | Build-A-Bear Workshop, Inc.         | CUSIP: 120076104<br>LEI: 529900S9MWZC1UBF3D13 | Long             | EC               | CORP              | US        |     16500 | NS      | $617925.00    | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc              | Clear Secure, Inc.                  | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14081 | NS      | $681661.21    | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillards, Inc.                | Dillard's, Inc.                     | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |       990 | NS      | $566388.90    | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Everquote Inc                 | EverQuote, Inc.                     | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32400 | NS      | $499608.00    | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc            | Meta Platforms, Inc.                | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1150 | NS      | $657949.50    | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc            | HCA Healthcare, Inc.                | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      1350 | NS      | $638874.00    | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc | Interactive Brokers Group, Inc.     | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     15600 | NS      | $1046292.00   | 6.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc.       | Mueller Industries, Inc.            | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      7880 | NS      | $873104.00    | 5.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc              | NMI Holdings, Inc.                  | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |     16869 | NS      | $632756.19    | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutex Health Inc              | Nutex Health, Inc.                  | CUSIP: 67079U306<br>LEI: 254900RSD2OET3HENJ50 | Long             | EC               | CORP              | US        |      3350 | NS      | $318384.00    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation   | Progressive Corporation (The)       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      3000 | NS      | $594720.00    | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                    | Qualys, Inc.                        | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |      4095 | NS      | $359745.75    | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.          | Steel Dynamics, Inc.                | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      7900 | NS      | $1422000.00   | 9.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.          | United Rentals, Inc.                | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       735 | NS      | $535491.60    | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc.          | Williams-Sonoma, Inc.               | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      5000 | NS      | $911650.00    | 5.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc.   | Constellation Software, Inc./Canada | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       290 | NS      | $509120.98    | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc      | Torex Gold Resources, Inc.          | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |      3452 | NS      | $158456.77    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Namsys Inc                    | NamSys, Inc.                        | CUSIP: 630000107<br>LEI: 2549007N4TWZYWAA5K63 | Long             | EC               | CORP              | CA        |    480600 | NS      | $414614.16    | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.             | Essent Group Ltd.                   | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | US        |     14500 | NS      | $847380.00    | 5.36%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                           | Reich & Tang Deposit Account        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    385151 | PA      | $385150.56    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-31

**Name of Applicant:** Foxby Corp.

**Signature:** Russell Kamerman

**Name of Signer:** Russell Kamerman

**Title:** General Counsel