The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
APPLE INC COM 037833100 1,949,525 9,502 SH SOLE 9,502 0 0
ABBVIE INC COM 00287Y109 416,346 2,243 SH SOLE 2,243 0 0
ADOBE INC COM 00724F101 548,983 1,419 SH SOLE 1,419 0 0
ANALOG DEVICES INC COM 032654105 236,116 992 SH SOLE 992 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 485,730 1,575 SH SOLE 1,575 0 0
AMERICAN ELEC PWR CO INC COM 025537101 237,403 2,288 SH SOLE 2,288 0 0
ALBEMARLE CORP COM 012653101 1,646,090 26,266 SH SOLE 26,266 0 0
AMGEN INC COM 031162100 256,594 919 SH SOLE 919 0 0
AMAZON COM INC COM 023135106 1,427,132 6,505 SH SOLE 6,505 0 0
ARISTA NETWORKS INC COM SHS 040413205 321,356 3,141 SH SOLE 3,141 0 0
AIR PRODS & CHEMS INC COM 009158106 338,190 1,199 SH SOLE 1,199 0 0
AMPHENOL CORP NEW CL A 032095101 306,619 3,105 SH SOLE 3,105 0 0
APPLOVIN CORP COM CL A 03831W108 409,944 1,171 SH SOLE 1,171 0 0
APTIV PLC COM SHS G3265R107 230,720 3,382 SH SOLE 3,382 0 0
ARM HOLDINGS PLC SPONSORED ADS 042068205 281,428 1,740 SH SOLE 1,740 0 0
AUTOHOME INC SP ADS RP CL A 05278C107 69,860,932 2,708,838 SH SOLE 2,708,838 0 0
BROADCOM INC COM 11135F101 1,553,563 5,636 SH SOLE 5,636 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 437,394 9,449 SH SOLE 9,449 0 0
KANZHUN LIMITED SPONSORED ADS 48553T106 276,014,932 15,471,689 SH SOLE 15,471,689 0 0
CAL MAINE FOODS INC COM NEW 128030202 465,372 4,671 SH SOLE 4,671 0 0
CONFLUENT INC CLASS A COM 20717M103 323,118 12,961 SH SOLE 12,961 0 0
COMCAST CORP NEW CL A 20030N101 537,670 15,065 SH SOLE 15,065 0 0
CUMMINS INC COM 231021106 248,245 758 SH SOLE 758 0 0
COUPANG INC CL A 22266T109 632,935 21,126 SH SOLE 21,126 0 0
SALESFORCE INC COM 79466L302 824,887 3,025 SH SOLE 3,025 0 0
CISCO SYS INC COM 17275R102 618,037 8,908 SH SOLE 8,908 0 0
CHEVRON CORP NEW COM 166764100 287,382 2,007 SH SOLE 2,007 0 0
DATADOG INC CL A COM 23804L103 514,887 3,833 SH SOLE 3,833 0 0
DLOCAL LTD CLASS A COM G29018101 194,424 17,145 SH SOLE 17,145 0 0
DOW INC COM 260557103 424,898 16,046 SH SOLE 16,046 0 0
DT MIDSTREAM INC COMMON STOCK 23345M107 449,202 4,087 SH SOLE 4,087 0 0
DUOLINGO INC CL A COM 26603R106 514,985 1,256 SH SOLE 1,256 0 0
CONSOLIDATED EDISON INC COM 209115104 320,016 3,189 SH SOLE 3,189 0 0
ELASTIC N V ORD SHS N14506104 628,680 7,455 SH SOLE 7,455 0 0
ENTERGY CORP NEW COM 29364G103 357,000 4,295 SH SOLE 4,295 0 0
FORD MTR CO COM 345370860 492,525 45,394 SH SOLE 45,394 0 0
FASTENAL CO COM 311900104 467,502 11,131 SH SOLE 11,131 0 0
GILEAD SCIENCES INC COM 375558103 519,093 4,682 SH SOLE 4,682 0 0
ALPHABET INC CAP STK CL C 02079K107 733,862 4,137 SH SOLE 4,137 0 0
ALPHABET INC CAP STK CL A 02079K305 876,216 4,972 SH SOLE 4,972 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 603,711 853 SH SOLE 853 0 0
GITLAB INC CLASS A COM 37637K108 361,286 8,009 SH SOLE 8,009 0 0
HOME DEPOT INC COM 437076102 655,552 1,788 SH SOLE 1,788 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 527,656 1,790 SH SOLE 1,790 0 0
INFOSYS LTD SPONSORED ADR 456788108 915,827 49,424 SH SOLE 49,424 0 0
SAMSARA INC COM CL A 79589L106 454,009 11,413 SH SOLE 11,413 0 0
IQIYI INC SPONSORED ADS 46267X108 38,479,915 21,740,065 SH SOLE 21,740,065 0 0
ILLINOIS TOOL WKS INC COM 452308109 484,363 1,959 SH SOLE 1,959 0 0
JABIL INC COM 466313103 452,776 2,076 SH SOLE 2,076 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 489,949 23,089 SH SOLE 23,089 0 0
JOHNSON & JOHNSON COM 478160104 341,702 2,237 SH SOLE 2,237 0 0
JOYY INC ADS REPSTG COM A 46591M109 60,027,676 1,179,094 SH SOLE 1,179,094 0 0
JPMORGAN CHASE & CO. COM 46625H100 522,998 1,804 SH SOLE 1,804 0 0
KRANESHARES TRUST SUSTAINABLE ULTR 500767355 179,928,525 7,181,600 SH SOLE 7,181,600 0 0
KIMBERLY-CLARK CORP COM 494368103 309,924 2,404 SH SOLE 2,404 0 0
KINDER MORGAN INC DEL COM 49456B101 318,520 10,834 SH SOLE 10,834 0 0
KRANESHARES TRUST CSI CHI INTERNET 500767306 105,516,722 3,073,601 SH SOLE 3,073,601 0 0
LUCID GROUP INC COM 549498103 1,240,193 587,769 SH SOLE 587,769 0 0
LEGEND BIOTECH CORP SPONSORED ADS 52490G102 1,212,374 34,161 SH SOLE 34,161 0 0
LOCKHEED MARTIN CORP COM 539830109 358,007 773 SH SOLE 773 0 0
MOBILEYE GLOBAL INC COMMON CLASS A 60741F104 255,460 14,208 SH SOLE 14,208 0 0
MCDONALDS CORP COM 580135101 205,103 702 SH SOLE 702 0 0
MONGODB INC CL A 60937P106 384,282 1,830 SH SOLE 1,830 0 0
MERCADOLIBRE INC COM 58733R102 645,567 247 SH SOLE 247 0 0
META PLATFORMS INC CL A 30303M102 2,591,434 3,511 SH SOLE 3,511 0 0
ALTRIA GROUP INC COM 02209S103 495,717 8,455 SH SOLE 8,455 0 0
MOOG INC CL A 615394202 269,102 1,487 SH SOLE 1,487 0 0
MP MATERIALS CORP COM CL A 553368101 2,410,378 72,449 SH SOLE 72,449 0 0
MARVELL TECHNOLOGY INC COM 573874104 410,839 5,308 SH SOLE 5,308 0 0
MORGAN STANLEY COM NEW 617446448 208,332 1,479 SH SOLE 1,479 0 0
MICROSOFT CORP COM 594918104 3,177,952 6,389 SH SOLE 6,389 0 0
MSC INDL DIRECT INC CL A 553530106 324,011 3,811 SH SOLE 3,811 0 0
MICRON TECHNOLOGY INC COM 595112103 361,862 2,936 SH SOLE 2,936 0 0
NEBIUS GROUP N.V. SHS CLASS A N97284108 961,857 17,384 SH SOLE 17,384 0 0
CLOUDFLARE INC CL A COM 18915M107 653,093 3,335 SH SOLE 3,335 0 0
NOVANTA INC COM 67000B104 202,807 1,573 SH SOLE 1,573 0 0
SERVICENOW INC COM 81762P102 784,425 763 SH SOLE 763 0 0
NU HLDGS LTD ORD SHS CL A G6683N103 230,962 16,834 SH SOLE 16,834 0 0
NVIDIA CORPORATION COM 67066G104 3,290,774 20,829 SH SOLE 20,829 0 0
NORTHWEST BANCSHARES INC MD COM 667340103 189,400 14,820 SH SOLE 14,820 0 0
NXP SEMICONDUCTORS N V COM N6596X109 229,633 1,051 SH SOLE 1,051 0 0
ORGANON & CO COMMON STOCK 68622V106 451,678 46,661 SH SOLE 46,661 0 0
ORACLE CORP COM 68389X105 756,023 3,458 SH SOLE 3,458 0 0
PALO ALTO NETWORKS INC COM 697435105 383,905 1,876 SH SOLE 1,876 0 0
PAYCHEX INC COM 704326107 431,289 2,965 SH SOLE 2,965 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102 511,937,901 4,891,438 SH SOLE 4,891,438 0 0
PFIZER INC COM 717081103 546,418 22,542 SH SOLE 22,542 0 0
PROCTER AND GAMBLE CO COM 742718109 264,471 1,660 SH SOLE 1,660 0 0
PACKAGING CORP AMER COM 695156109 281,544 1,494 SH SOLE 1,494 0 0
PALANTIR TECHNOLOGIES INC CL A 69608A108 727,812 5,339 SH SOLE 5,339 0 0
PLUG POWER INC COM NEW 72919P202 665,714 446,788 SH SOLE 446,788 0 0
PHILIP MORRIS INTL INC COM 718172109 272,284 1,495 SH SOLE 1,495 0 0
PUBLIC STORAGE OPER CO COM 74460D109 458,615 1,563 SH SOLE 1,563 0 0
PURE STORAGE INC CL A 74624M102 430,353 7,474 SH SOLE 7,474 0 0
QUALCOMM INC COM 747525103 266,920 1,676 SH SOLE 1,676 0 0
QIFU TECHNOLOGY INC AMERICAN DEP 88557W101 219,950,104 5,072,650 SH SOLE 5,072,650 0 0
RBC BEARINGS INC COM 75524B104 247,042 642 SH SOLE 642 0 0
ROBLOX CORP CL A 771049103 627,728 5,967 SH SOLE 5,967 0 0
ROBERT HALF INC. COM 770323103 363,785 8,862 SH SOLE 8,862 0 0
RIVIAN AUTOMOTIVE INC COM CL A 76954A103 2,152,797 156,681 SH SOLE 156,681 0 0
RALPH LAUREN CORP CL A 751212101 202,144 737 SH SOLE 737 0 0
REGAL REXNORD CORPORATION COM 758750103 305,721 2,109 SH SOLE 2,109 0 0
SEA LTD SPONSORD ADS 81141R100 843,524 5,274 SH SOLE 5,274 0 0
SNOWFLAKE INC CL A 833445109 586,054 2,619 SH SOLE 2,619 0 0
SYNOPSYS INC COM 871607107 252,239 492 SH SOLE 492 0 0
SIMON PPTY GROUP INC NEW COM 828806109 470,062 2,924 SH SOLE 2,924 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 18,967,995 30,700 SH SOLE 30,700 0 0
SENSATA TECHNOLOGIES HLDG PL SHS G8060N102 247,384 8,216 SH SOLE 8,216 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 187,929,049 18,388,361 SH SOLE 18,388,361 0 0
TELADOC HEALTH INC COM 87918A105 95,479 10,962 SH SOLE 10,962 0 0
TELEDYNE TECHNOLOGIES INC COM 879360105 209,022 408 SH SOLE 408 0 0
ATLASSIAN CORPORATION CL A 049468101 380,184 1,872 SH SOLE 1,872 0 0
TE CONNECTIVITY PLC ORD SHS G87052109 241,029 1,429 SH SOLE 1,429 0 0
TEMPUS AI INC CL A 88023B103 563,727 8,872 SH SOLE 8,872 0 0
TIMKEN CO COM 887389104 205,969 2,839 SH SOLE 2,839 0 0
TENCENT MUSIC ENTMT GROUP SPON ADS 88034P109 295,550,862 15,164,231 SH SOLE 15,164,231 0 0
PRICE T ROWE GROUP INC COM 74144T108 465,999 4,829 SH SOLE 4,829 0 0
TESLA INC COM 88160R101 3,390,068 10,672 SH SOLE 10,672 0 0
TUYA INC SPONSERED ADS 90114C107 412,226 178,453 SH SOLE 178,453 0 0
TEXAS INSTRS INC COM 882508104 746,186 3,594 SH SOLE 3,594 0 0
UBIQUITI INC COM 90353W103 299,681 728 SH SOLE 728 0 0
UNITEDHEALTH GROUP INC COM 91324P102 257,999 827 SH SOLE 827 0 0
UNION PAC CORP COM 907818108 274,255 1,192 SH SOLE 1,192 0 0
UPBOUND GROUP INC COM 76009N100 453,030 18,049 SH SOLE 18,049 0 0
UNITED PARCEL SERVICE INC CL B 911312106 502,883 4,982 SH SOLE 4,982 0 0
VISA INC COM CL A 92826C839 476,122 1,341 SH SOLE 1,341 0 0
VIPSHOP HLDGS LTD SPONSORED ADS A 92763W103 207,079,813 13,759,456 SH SOLE 13,759,456 0 0
VIRTU FINL INC CL A 928254101 240,433 5,368 SH SOLE 5,368 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 404,492 3,150 SH SOLE 3,150 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 500,591 11,569 SH SOLE 11,569 0 0
WEIBO CORP SPONSORED ADR 948596101 35,653,302 3,741,165 SH SOLE 3,741,165 0 0
WORKDAY INC CL A 98138H101 391,200 1,630 SH SOLE 1,630 0 0
WEC ENERGY GROUP INC COM 92939U106 457,125 4,387 SH SOLE 4,387 0 0
WALMART INC COM 931142103 295,785 3,025 SH SOLE 3,025 0 0
WESTERN UN CO COM 959802109 413,144 49,067 SH SOLE 49,067 0 0
FULL TRUCK ALLIANCE CO LTD SPONSORED ADS 35969L108 263,184,964 22,284,925 SH SOLE 22,284,925 0 0
ZEEKR INTELLIGENT TECHNOLOGY SPON ADS 98923K103 609,501 23,902 SH SOLE 23,902 0 0
ZSCALER INC COM 98980G102 366,996 1,169 SH SOLE 1,169 0 0