Q4 2025 Holdings
Filed 2026-02-17 | 15 holdings | $825.1M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| PDD Holdings Inc(PDD) | SPONSORED ADS | 722304102 | $290.0M | 2,557,700 | 35.1% |
| Vnet Group Inc(VNET) | SPONSORED ADS A | 90138A103 | $105.7M | 12,498,810 | 12.8% |
| GDS Hldgs LTD(GDS) | SPONSORED ADS | 36165L108 | $103.8M | 2,974,298 | 12.6% |
| ACM Resh Inc(ACMR) | COM CL A | 00108J109 | $76.1M | 1,929,919 | 9.2% |
| Qfin Holdings Inc(QFIN) | AMERICAN DEP | 88557W101 | $60.2M | 3,125,331 | 7.3% |
| KE Hldgs Inc(BEKE) | SPONSORED ADS | 482497104 | $31.8M | 2,015,307 | 3.8% |
| Atour Lifestyle Hldgs LTD(ATAT) | SPONSORED ADS | 04965M106 | $26.2M | 665,269 | 3.2% |
| Trip COM Group LTD(CLV) | ADS | 89677Q107 | $24.7M | 343,893 | 3.0% |
| Iqiyi Inc(IQ) | SPONSORED ADS | 46267X108 | $22.7M | 11,802,100 | 2.7% |
| New Oriental ED & Technology(N1UA) | SPON ADR | 647581206 | $21.8M | 396,786 | 2.6% |
| Full Truck Alliance Co LTD(YMM) | SPONSORED ADS | 35969L108 | $21.5M | 2,004,719 | 2.6% |
| Alibaba Group Hldg LTD(BABA) | SPONSORED ADS | 01609W102 | $16.4M | 111,700 | 2.0% |
| H World Group LTD(HTHT) | SPONSORED ADS | 44332N106 | $16.2M | 344,135 | 2.0% |
| Legend Biotech Corp(LEGN) | SPONSORED ADS | 52490G102 | $5.5M | 252,600 | 0.7% |
| Tuya Inc(TUYA) | SPONSERED ADS | 90114C107 | $2.4M | 1,145,371 | 0.3% |