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 2,356,482 8,668 SH SOLE 8,668 0 0
ABBVIE INC COM 00287Y109 449,211 1,966 SH SOLE 1,966 0 0
ADOBE INC COM 00724F101 3,499,550 9,999 SH SOLE 9,999 0 0
ANALOG DEVICES INC COM 032654105 1,976,777 7,289 SH SOLE 7,289 0 0
AUTODESK INC COM 052769106 1,657,656 5,600 SH SOLE 5,600 0 0
ASTERA LABS INC COM 04626A103 1,006,478 6,050 SH SOLE 6,050 0 0
ALBEMARLE CORP COM 012653101 3,284,944 23,225 SH SOLE 23,225 0 0
AMBARELLA INC SHS G037AX101 626,792 8,848 SH SOLE 8,848 0 0
ADVANCED MICRO DEVICES INC COM 007903107 2,421,293 11,306 SH SOLE 11,306 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 236,224 7,359 SH SOLE 7,359 0 0
AMAZON COM INC COM 023135106 4,386,272 19,003 SH SOLE 19,003 0 0
ARISTA NETWORKS INC COM SHS 040413205 2,381,732 18,177 SH SOLE 18,177 0 0
AMPHENOL CORP NEW CL A 032095101 2,437,385 18,036 SH SOLE 18,036 0 0
APPLOVIN CORP COM CL A 03831W108 1,926,451 2,859 SH SOLE 2,859 0 0
APTIV PLC COM SHS G3265R107 1,981,688 26,044 SH SOLE 26,044 0 0
ARM HOLDINGS PLC SPONSORED ADS 042068205 486,539 4,451 SH SOLE 4,451 0 0
AUTOHOME INC SP ADS RP CL A 05278C107 68,894,967 3,095,012 SH SOLE 3,095,012 0 0
AURORA INNOVATION INC CLASS A COM 051774107 1,240,393 323,019 SH SOLE 323,019 0 0
BROADCOM INC COM 11135F101 2,831,790 8,182 SH SOLE 8,182 0 0
AUTOZONE INC COM 053332102 1,356,600 400 SH SOLE 400 0 0
BEST BUY INC COM 086516101 345,560 5,163 SH SOLE 5,163 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 397,754 7,374 SH SOLE 7,374 0 0
BOSTON SCIENTIFIC CORP COM 101137107 1,516,065 15,900 SH SOLE 15,900 0 0
KANZHUN LIMITED SPONSORED ADS 48553T106 327,308,710 16,060,290 SH SOLE 16,060,290 0 0
CAL MAINE FOODS INC COM NEW 128030202 359,895 4,523 SH SOLE 4,523 0 0
CADENCE DESIGN SYSTEM INC COM 127387108 1,687,932 5,400 SH SOLE 5,400 0 0
CONSTELLATION ENERGY CORP COM 21037T109 947,823 2,683 SH SOLE 2,683 0 0
CONFLUENT INC CLASS A COM 20717M103 1,198,139 39,621 SH SOLE 39,621 0 0
COMCAST CORP NEW CL A 20030N101 323,679 10,829 SH SOLE 10,829 0 0
CUMMINS INC COM 231021106 247,568 485 SH SOLE 485 0 0
COUPANG INC CL A 22266T109 859,761 36,446 SH SOLE 36,446 0 0
CIRCLE INTERNET GROUP INC COM CL A 172573107 708,863 8,939 SH SOLE 8,939 0 0
CREDO TECHNOLOGY GROUP HOLDI ORDINARY SHARES G25457105 1,991,438 13,840 SH SOLE 13,840 0 0
SALESFORCE INC COM 79466L302 2,186,567 8,254 SH SOLE 8,254 0 0
CROWDSTRIKE HLDGS INC CL A 22788C105 1,546,908 3,300 SH SOLE 3,300 0 0
COREWEAVE INC COM CL A 21873S108 1,008,842 14,088 SH SOLE 14,088 0 0
CISCO SYS INC COM 17275R102 1,271,303 16,504 SH SOLE 16,504 0 0
CHEVRON CORP NEW COM 166764100 267,480 1,755 SH SOLE 1,755 0 0
DOORDASH INC CL A 25809K105 1,381,528 6,100 SH SOLE 6,100 0 0
DATADOG INC CL A COM 23804L103 1,493,986 10,986 SH SOLE 10,986 0 0
DLOCAL LTD CLASS A COM G29018101 287,989 20,367 SH SOLE 20,367 0 0
DT MIDSTREAM INC COMMON STOCK 23345M107 208,243 1,740 SH SOLE 1,740 0 0
DUOLINGO INC CL A COM 26603R106 1,019,831 5,811 SH SOLE 5,811 0 0
CONSOLIDATED EDISON INC COM 209115104 221,782 2,233 SH SOLE 2,233 0 0
ENERGIZER HLDGS INC NEW COM 29272W109 439,808 22,112 SH SOLE 22,112 0 0
ELASTIC N V ORD SHS N14506104 1,489,110 19,739 SH SOLE 19,739 0 0
EVGO INC CL A COM 30052F100 77,933 26,781 SH SOLE 26,781 0 0
FORD MTR CO COM 345370860 446,579 34,038 SH SOLE 34,038 0 0
FAIR ISAAC CORP COM 303250104 1,352,496 800 SH SOLE 800 0 0
FISERV INC COM 337738108 886,644 13,200 SH SOLE 13,200 0 0
FLOWERS FOODS INC COM 343498101 237,097 21,792 SH SOLE 21,792 0 0
FIRST SOLAR INC COM 336433107 1,750,241 6,700 SH SOLE 6,700 0 0
FORTINET INC COM 34959E109 1,524,672 19,200 SH SOLE 19,200 0 0
ALPHABET INC CAP STK CL C 02079K107 436,182 1,390 SH SOLE 1,390 0 0
ALPHABET INC CAP STK CL A 02079K305 3,838,006 12,262 SH SOLE 12,262 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 505,425 575 SH SOLE 575 0 0
GITLAB INC CLASS A COM 37637K108 911,303 24,282 SH SOLE 24,282 0 0
HOME DEPOT INC COM 437076102 514,774 1,496 SH SOLE 1,496 0 0
HESAI GROUP SPONSORED ADS 428050108 556,282 24,834 SH SOLE 24,834 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 500,595 1,690 SH SOLE 1,690 0 0
INFOSYS LTD SPONSORED ADR 456788108 880,736 49,424 SH SOLE 49,424 0 0
SAMSARA INC COM CL A 79589L106 1,493,898 42,141 SH SOLE 42,141 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 2,038,896 3,600 SH SOLE 3,600 0 0
ILLINOIS TOOL WKS INC COM 452308109 394,573 1,602 SH SOLE 1,602 0 0
JABIL INC COM 466313103 2,104,169 9,228 SH SOLE 9,228 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 487,448 18,886 SH SOLE 18,886 0 0
JOHNSON & JOHNSON COM 478160104 605,536 2,926 SH SOLE 2,926 0 0
JOYY INC ADS REPSTG COM A 46591M109 85,503,858 1,320,319 SH SOLE 1,320,319 0 0
JPMORGAN CHASE & CO. COM 46625H100 647,018 2,008 SH SOLE 2,008 0 0
KRANESHARES TRUST SUSTAINABLE ULTR 500767355 189,257,954 7,553,700 SH SOLE 7,553,700 0 0
KINDER MORGAN INC DEL COM 49456B101 245,101 8,916 SH SOLE 8,916 0 0
KRANESHARES TRUST CSI CHI INTERNET 500767306 131,320,635 3,856,700 SH SOLE 3,856,700 0 0
LUCID GROUP INC COM NEW 549498202 289,322 27,372 SH SOLE 27,372 0 0
LEGEND BIOTECH CORP SPONSORED ADS 52490G102 626,503 28,818 SH SOLE 28,818 0 0
LIFESTANCE HEALTH GROUP INC COM 53228F101 71,435 10,147 SH SOLE 10,147 0 0
LULULEMON ATHLETICA INC COM 550021109 1,932,633 9,300 SH SOLE 9,300 0 0
MAIN STR CAP CORP COM 56035L104 254,423 4,213 SH SOLE 4,213 0 0
MOBILEYE GLOBAL INC COMMON CLASS A 60741F104 2,315,561 221,797 SH SOLE 221,797 0 0
MONGODB INC CL A 60937P106 1,483,604 3,535 SH SOLE 3,535 0 0
MERCADOLIBRE INC COM 58733R102 966,845 480 SH SOLE 480 0 0
META PLATFORMS INC CL A 30303M102 5,514,392 8,354 SH SOLE 8,354 0 0
ALTRIA GROUP INC COM 02209S103 366,314 6,353 SH SOLE 6,353 0 0
MOOG INC CL A 615394202 2,045,089 8,397 SH SOLE 8,397 0 0
MP MATERIALS CORP COM CL A 553368101 3,624,709 71,748 SH SOLE 71,748 0 0
MORGAN STANLEY COM NEW 617446448 232,209 1,308 SH SOLE 1,308 0 0
MICROSOFT CORP COM 594918104 6,524,034 13,490 SH SOLE 13,490 0 0
MSC INDL DIRECT INC CL A 553530106 351,959 4,185 SH SOLE 4,185 0 0
MICRON TECHNOLOGY INC COM 595112103 911,600 3,194 SH SOLE 3,194 0 0
MICROVAST HOLDINGS INC COM 59516C106 120,333 42,976 SH SOLE 42,976 0 0
NEBIUS GROUP N.V. SHS CLASS A N97284108 1,189,532 14,211 SH SOLE 14,211 0 0
CLOUDFLARE INC CL A COM 18915M107 1,489,271 7,554 SH SOLE 7,554 0 0
NETFLIX INC COM 64110L106 1,881,201 20,064 SH SOLE 20,064 0 0
NOVANTA INC COM 67000B104 1,971,902 16,572 SH SOLE 16,572 0 0
SERVICENOW INC COM 81762P102 3,712,253 24,233 SH SOLE 24,233 0 0
NU HLDGS LTD ORD SHS CL A G6683N103 281,801 16,834 SH SOLE 16,834 0 0
NVIDIA CORPORATION COM 67066G104 7,323,482 39,268 SH SOLE 39,268 0 0
NORTHWEST BANCSHARES INC MD COM 667340103 158,964 13,247 SH SOLE 13,247 0 0
NXP SEMICONDUCTORS N V COM N6596X109 1,976,114 9,104 SH SOLE 9,104 0 0
ORACLE CORP COM 68389X105 1,933,507 9,920 SH SOLE 9,920 0 0
OREILLY AUTOMOTIVE INC COM 67103H107 1,431,997 15,700 SH SOLE 15,700 0 0
PALO ALTO NETWORKS INC COM 697435105 2,217,584 12,039 SH SOLE 12,039 0 0
PAYCHEX INC COM 704326107 412,037 3,673 SH SOLE 3,673 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102 725,464,684 6,397,960 SH SOLE 6,397,960 0 0
PFIZER INC COM 717081103 437,095 17,554 SH SOLE 17,554 0 0
PALANTIR TECHNOLOGIES INC CL A 69608A108 2,527,961 14,222 SH SOLE 14,222 0 0
PLUG POWER INC COM NEW 72919P202 469,878 238,517 SH SOLE 238,517 0 0
PHILIP MORRIS INTL INC COM 718172109 395,707 2,467 SH SOLE 2,467 0 0
PONY AI INC SPONSORED ADS 732908108 515,736 35,568 SH SOLE 35,568 0 0
PRUDENTIAL FINL INC COM 744320102 437,749 3,878 SH SOLE 3,878 0 0
PUBLIC STORAGE OPER CO COM 74460D109 404,301 1,558 SH SOLE 1,558 0 0
PURE STORAGE INC CL A 74624M102 932,444 13,915 SH SOLE 13,915 0 0
PELOTON INTERACTIVE INC CL A COM 70614W100 80,413 13,054 SH SOLE 13,054 0 0
QFIN HOLDINGS INC AMERICAN DEP 88557W101 109,254,946 5,669,691 SH SOLE 5,669,691 0 0
RBC BEARINGS INC COM 75524B104 1,984,303 4,425 SH SOLE 4,425 0 0
ROBLOX CORP CL A 771049103 1,257,261 15,516 SH SOLE 15,516 0 0
REDDIT INC CL A 75734B100 1,515,533 6,593 SH SOLE 6,593 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 321,460 11,862 SH SOLE 11,862 0 0
RIVIAN AUTOMOTIVE INC COM CL A 76954A103 2,696,446 136,806 SH SOLE 136,806 0 0
RALPH LAUREN CORP CL A 751212101 206,862 585 SH SOLE 585 0 0
REGAL REXNORD CORPORATION COM 758750103 1,973,741 14,066 SH SOLE 14,066 0 0
SOUTHERN COPPER CORP COM 84265V105 258,533 1,802 SH SOLE 1,802 0 0
SEA LTD SPONSORD ADS 81141R100 1,365,637 10,705 SH SOLE 10,705 0 0
SOLID POWER INC CLASS A COM 83422N105 127,691 30,045 SH SOLE 30,045 0 0
SUPER MICRO COMPUTER INC COM NEW 86800U302 907,370 31,000 SH SOLE 31,000 0 0
SNAP ON INC COM 833034101 255,349 741 SH SOLE 741 0 0
SNOWFLAKE INC COM SHS 833445109 1,462,034 6,665 SH SOLE 6,665 0 0
SYNOPSYS INC COM 871607107 2,655,797 5,654 SH SOLE 5,654 0 0
SIMON PPTY GROUP INC NEW COM 828806109 428,715 2,316 SH SOLE 2,316 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 54,826,368 80,400 SH SOLE 80,400 0 0
SENSATA TECHNOLOGIES HLDG PL SHS G8060N102 2,018,706 60,640 SH SOLE 60,640 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 231,635,360 21,231,472 SH SOLE 21,231,472 0 0
TELADOC HEALTH INC COM 87918A105 113,540 16,220 SH SOLE 16,220 0 0
TELEDYNE TECHNOLOGIES INC COM 879360105 1,974,482 3,866 SH SOLE 3,866 0 0
ATLASSIAN CORPORATION CL A 049468101 1,068,665 6,591 SH SOLE 6,591 0 0
TE CONNECTIVITY PLC ORD SHS G87052109 1,978,199 8,695 SH SOLE 8,695 0 0
TEMPUS AI INC CL A 88023B103 1,163,226 19,699 SH SOLE 19,699 0 0
TENCENT MUSIC ENTMT GROUP SPON ADS 88034P109 351,427,276 20,047,192 SH SOLE 20,047,192 0 0
TAPESTRY INC COM 876030107 509,036 3,984 SH SOLE 3,984 0 0
PRICE T ROWE GROUP INC COM 74144T108 416,482 4,068 SH SOLE 4,068 0 0
TESLA INC COM 88160R101 10,048,544 22,344 SH SOLE 22,344 0 0
THE TRADE DESK INC COM CL A 88339J105 1,241,292 32,700 SH SOLE 32,700 0 0
TUYA INC SPONSERED ADS 90114C107 347,823 164,845 SH SOLE 164,845 0 0
TWILIO INC CL A 90138F102 1,764,772 12,407 SH SOLE 12,407 0 0
TEXAS INSTRS INC COM 882508104 2,420,359 13,951 SH SOLE 13,951 0 0
UBER TECHNOLOGIES INC COM 90353T100 1,438,096 17,600 SH SOLE 17,600 0 0
UNION PAC CORP COM 907818108 340,503 1,472 SH SOLE 1,472 0 0
UPBOUND GROUP INC COM 76009N100 396,821 22,598 SH SOLE 22,598 0 0
UNITED PARCEL SERVICE INC CL B 911312106 486,527 4,905 SH SOLE 4,905 0 0
VICI PPTYS INC COM 925652109 408,612 14,531 SH SOLE 14,531 0 0
VIPSHOP HLDGS LTD SPONSORED ADS A 92763W103 226,318,607 12,793,590 SH SOLE 12,793,590 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 845,368 5,218 SH SOLE 5,218 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 362,416 8,898 SH SOLE 8,898 0 0
WEIBO CORP SPONSORED ADR 948596101 43,681,108 4,274,081 SH SOLE 4,274,081 0 0
WORKDAY INC CL A 98138H101 1,460,504 6,800 SH SOLE 6,800 0 0
WP CAREY INC COM 92936U109 384,487 5,974 SH SOLE 5,974 0 0
WERIDE INC SPONSORED ADS 950915108 369,872 42,612 SH SOLE 42,612 0 0
WESTERN UN CO COM 959802109 471,961 50,694 SH SOLE 50,694 0 0
FULL TRUCK ALLIANCE CO LTD SPONSORED ADS 35969L108 344,440,897 32,100,736 SH SOLE 32,100,736 0 0
ZSCALER INC COM 98980G102 717,495 3,190 SH SOLE 3,190 0 0