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
AGNICO EAGLE MINES LTD COM 008474108 28,847,358 171,140 SH DFND 171,140 0 0
ALNYLAM PHARMACEUTICALS INC COM 02043Q107 516,648 1,133 SH DFND 1,133 0 0
ALPHABET INC CAP STK CL C CAP STK CL C 02079K107 58,556,970 240,431 SH DFND 240,431 0 0
APPLOVIN CORP COM CL A COM CL A 03831W108 4,239,386 5,900 SH DFND 5,900 0 0
AUTOZONE INC COM 053332102 81,515 19 SH DFND 19 0 0
BILIBILI INC SPONS ADS REP Z SPONS ADS REP Z 090040106 2,603,465 92,683 SH DFND 92,683 0 0
BIONTECH SE SPONSORED ADS SPONSORED ADS 09075V102 207,496 2,104 SH DFND 2,104 0 0
CENTRUS ENERGY CORP CL A CL A 15643U104 29,111,852 93,888 SH DFND 93,888 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101 333,768 27,358 SH DFND 27,358 0 0
CNH INDL N V SHS N20944109 506,793 46,709 SH DFND 46,709 0 0
COINBASE GLOBAL INC COM CL A COM CL A 19260Q107 38,491,072 114,051 SH DFND 114,051 0 0
CONSTELLATION ENERGY CORP COM 21037T109 22,905,246 69,606 SH DFND 69,606 0 0
D R HORTON INC COM 23331A109 11,574,801 68,300 SH DFND 68,300 0 0
DEUTSCHE BANK A G NAMEN AKT NAMEN AKT D18190898 524,316 14,807 SH DFND 14,807 0 0
DUOLINGO INC CL A COM CL A COM 26603R106 11,573,688 35,961 SH DFND 35,961 0 0
EBAY INC. COM 278642103 1,525,777 16,776 SH DFND 16,776 0 0
FULL TRUCK ALLIANCE CO LTD SPONSORED ADS SPONSORED ADS 35969L108 6,680,250 515,054 SH DFND 515,054 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 355,968 447 SH DFND 447 0 0
GRANITESHARES ETF TR 2X LONG NVDA DAI 2X LONG NVDA DAI 38747R827 3,183,080 34,000 SH DFND 34,000 0 0
GRAYSCALE BITCOIN TRUST ETF SHS REP COM UT SHS REP COM UT 389637109 7,689,429 85,657 SH DFND 85,657 0 0
IDEXX LABS INC COM 45168D104 392,917 615 SH DFND 615 0 0
INTEL CORP COM 458140100 51,260,978 1,527,898 SH DFND 1,527,898 0 0
META PLATFORMS INC CL A CL A 30303M102 76,967,430 104,806 SH DFND 104,806 0 0
MODERNA INC COM 60770K107 17,018,896 658,881 SH DFND 658,881 0 0
MOGU INC-ADR SPON ADS 608012308 2,363,613 689,100 SH DFND 689,100 0 0
MP MATERIALS CORP COM CL A COM CL A 553368101 482,904 7,200 SH DFND 7,200 0 0
NEBIUS GROUP N.V. SHS CLASS A SHS CLASS A N97284108 11,845,046 105,505 SH DFND 105,505 0 0
NETEASE INC SPONSORED ADS SPONSORED ADS 64110W102 3,023,841 19,895 SH DFND 19,895 0 0
ORACLE CORP COM 68389X105 5,516,804 19,616 SH DFND 19,616 0 0
PALANTIR TECHNOLOGIES INC CL A CL A 69608A108 529,018 2,900 SH DFND 2,900 0 0
PARAMOUNT SKYDANCE CORP COM CL B COM CL B 69932A204 7,363,494 389,191 SH DFND 389,191 0 0
PDD HOLDINGS INC SPONSORED ADS SPONSORED ADS 722304102 45,716,017 345,888 SH DFND 345,888 0 0
PROSHARES TR ULTRAPRO SHT QQQ ULTRAPRO SHT QQQ 74347G192 8,393,710 551,130 SH DFND 551,130 0 0
REGENERON PHARMACEUTICALS COM 75886F107 4,864,760 8,652 SH DFND 8,652 0 0
ROBINHOOD MKTS INC COM CL A COM CL A 770700102 34,603,742 241,680 SH DFND 241,680 0 0
ROCKET LAB CORP COM 773121108 24,876,549 519,235 SH DFND 519,235 0 0
SO-YOUNG INTERNATIONAL-ADR SPONSORED ADS 83356Q108 11,872,669 3,067,873 SH DFND 3,067,873 0 0
SPORTRADAR GROUP AG CLASS A ORD SHS CLASS A ORD SHS H8088L103 4,107,146 152,682 SH DFND 152,682 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 502,560 720 SH DFND 720 0 0
STRATEGY INC CL A NEW CL A NEW 594972408 40,598,460 126,000 SH DFND 126,000 0 0
TAL EDUCATION GROUP SPONSORED ADS SPONSORED ADS 874080104 4,935,840 440,700 SH DFND 440,700 0 0
TENCENT MUSIC ENTMT GROUP SPON ADS SPON ADS 88034P109 2,429,694 104,100 SH DFND 104,100 0 0
TESLA INC COM 88160R101 32,605,536 73,317 SH DFND 73,317 0 0
TRIP COM GROUP LTD ADS ADS 89677Q107 7,468,112 99,310 SH DFND 99,310 0 0
UNITEDHEALTH GROUP INC COM 91324P102 2,818,684 8,163 SH DFND 8,163 0 0
YUNJI INC-ADR SPONSORED ADS A 98873N305 63,533 32,250 SH DFND 32,250 0 0
ZILLOW GROUP INC CL C CAP STK CL C CAP STK 98954M200 31,368,442 407,118 SH DFND 407,118 0 0
ZTO EXPRESS CAYMAN INC SPONSORED ADS A SPONSORED ADS A 98980A105 4,895,002 254,948 SH DFND 254,948 0 0