Mirae Asset Global Investments Co., Ltd.

Mirae Asset Global Investments employs an active, very low turnover growth strategy, as evidenced by a portfolio overwhelmingly concentrated in a single position: Berkshire Hathaway represents 88.4% of total assets, or $264.6 billion. This extreme conviction is further supported by a 90.5% allocation to "Unclassified" sectors, indicating the manager views Berkshire as a diversified conglomerate outside conventional sector definitions. The remaining holdings are modest satellite positions in technology leaders like NVIDIA, Apple, and Alphabet, each under 1%, reflecting a philosophy of building a concentrated core rather than broad diversification. This structure reveals a strategy of placing an immense, long-term bet on a single management team and business model, with the tiny secondary holdings serving as tactical exposure to high-growth themes.