Q3 2025 Holdings
Filed 2025-11-13 | 15 holdings | $856.8M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| PDD Holdings Inc(PDD) | SPONSORED ADS | 722304102 | $336.3M | 2,544,478 | 39.3% |
| Vnet Group Inc(VNET) | SPONSORED ADS A | 90138A103 | $123.4M | 11,947,969 | 14.4% |
| GDS Hldgs LTD(GDS) | SPONSORED ADS | 36165L108 | $93.2M | 2,407,953 | 10.9% |
| ACM Resh Inc(ACMR) | COM CL A | 00108J109 | $78.4M | 2,003,225 | 9.1% |
| KE Hldgs Inc(BEKE) | SPONSORED ADS | 482497104 | $38.3M | 2,015,307 | 4.5% |
| Qifu Technology Inc(QFIN) | AMERICAN DEP | 88557W101 | $31.2M | 1,083,980 | 3.6% |
| Iqiyi Inc(IQ) | SPONSORED ADS | 46267X108 | $30.2M | 11,802,100 | 3.5% |
| Alibaba Group Hldg LTD(BABA) | SPONSORED ADS | 01609W102 | $29.0M | 162,241 | 3.4% |
| Atour Lifestyle Hldgs LTD(ATAT) | SPONSORED ADS | 04965M106 | $25.0M | 665,269 | 2.9% |
| Trip COM Group LTD(CLV) | ADS | 89677Q107 | $20.2M | 268,100 | 2.4% |
| New Oriental ED & Technology(N1UA) | SPON ADR | 647581206 | $19.5M | 367,374 | 2.3% |
| H World Group LTD(HTHT) | SPONSORED ADS | 44332N106 | $13.5M | 344,135 | 1.6% |
| Full Truck Alliance Co LTD(YMM) | SPONSORED ADS | 35969L108 | $13.1M | 1,009,219 | 1.5% |
| Legend Biotech Corp(LEGN) | SPONSORED ADS | 52490G102 | $5.3M | 161,800 | 0.6% |
| Tuya Inc(TUYA) | SPONSERED ADS | 90114C107 | $319.9K | 129,522 | 0.0% |