Q2 2025 Holdings
Filed 2025-08-14 | 15 holdings | $512.3M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| PDD Holdings Inc(PDD) | SPONSORED ADS | 722304102 | $171.0M | 1,634,328 | 33.4% |
| Vnet Group Inc(VNET) | SPONSORED ADS A | 90138A103 | $84.4M | 12,225,304 | 16.5% |
| GDS Hldgs LTD(GDS) | SPONSORED ADS | 36165L108 | $54.3M | 1,777,614 | 10.6% |
| ACM Resh Inc(ACMR) | COM CL A | 00108J109 | $41.2M | 1,590,225 | 8.0% |
| Baidu Inc(BIDUN) | SPON ADR REP A | 056752108 | $40.4M | 470,623 | 7.9% |
| KE Hldgs Inc(BEKE) | SPONSORED ADS | 482497104 | $33.1M | 1,866,307 | 6.5% |
| New Oriental ED & Technology(N1UA) | SPON ADR | 647581206 | $19.0M | 352,974 | 3.7% |
| Iqiyi Inc(IQ) | SPONSORED ADS | 46267X108 | $14.7M | 8,324,800 | 2.9% |
| Atour Lifestyle Hldgs LTD(ATAT) | SPONSORED ADS | 04965M106 | $13.9M | 427,803 | 2.7% |
| H World Group LTD(HTHT) | SPONSORED ADS | 44332N106 | $9.8M | 290,035 | 1.9% |
| Trip COM Group LTD(CLV) | ADS | 89677Q107 | $8.6M | 146,000 | 1.7% |
| Alibaba Group Hldg LTD(BABA) | SPONSORED ADS | 01609W102 | $7.7M | 67,641 | 1.5% |
| Full Truck Alliance Co LTD(YMM) | SPONSORED ADS | 35969L108 | $5.7M | 486,419 | 1.1% |
| Qifu Technology Inc(QFIN) | AMERICAN DEP | 88557W101 | $4.6M | 106,131 | 0.9% |
| Legend Biotech Corp(LEGN) | SPONSORED ADS | 52490G102 | $3.8M | 107,500 | 0.7% |