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
ALPHABET INC CAP STK CL C CAP STK CL C 02079K107 56,297,482 159,334 SH DFND 159,334 0 0
ASTERA LABS INC COM 04626A103 586,869 1,215 SH DFND 1,215 0 0
BROADCOM INC COM 11135F101 435,168 1,152 SH DFND 1,152 0 0
CENTRUS ENERGY CORP CL A CL A 15643U104 12,916,925 76,946 SH DFND 76,946 0 0
COHERENT CORP COM 19247G107 11,415,567 28,939 SH DFND 28,939 0 0
CORNING INC COM 219350105 11,954,124 46,800 SH DFND 46,800 0 0
FULL TRUCK ALLIANCE CO LTD SPONSORED ADS SPONSORED ADS 35969L108 3,352,212 412,834 SH DFND 412,834 0 0
GE VERNOVA INC COM 36828A101 5,974,163 5,085 SH DFND 5,085 0 0
INTEL CORP COM 458140100 81,955,270 586,946 SH DFND 586,946 0 0
MARVELL TECHNOLOGY INC COM 573874104 76,876,472 258,070 SH DFND 258,070 0 0
META PLATFORMS INC CL A CL A 30303M102 57,478,112 102,040 SH DFND 102,040 0 0
MICRON TECHNOLOGY INC COM 595112103 6,094,651 5,280 SH DFND 5,280 0 0
MODERNA INC COM 60770K107 609,261 8,700 SH DFND 8,700 0 0
MOGU INC-ADR SPON ADS 608012308 1,142,507 684,136 SH DFND 684,136 0 0
NOKIA CORP SPONSORED ADR SPONSORED ADR 654902204 3,221,064 242,550 SH DFND 242,550 0 0
NU HLDGS LTD ORD SHS CL A ORD SHS CL A G6683N103 11,885,577 889,639 SH DFND 889,639 0 0
OKLO INC COM CL A COM CL A 02156V109 1,989,639 38,021 SH DFND 38,021 0 0
PARAMOUNT SKYDANCE CORP COM CL B COM CL B 69932A204 9,265,265 939,682 SH DFND 939,682 0 0
PDD HOLDINGS INC SPONSORED ADS SPONSORED ADS 722304102 17,554,164 230,128 SH DFND 230,128 0 0
PROSHARES TR II ULTRA GOLD ULTRA GOLD 74347W601 12,491,368 284,736 SH DFND 284,736 0 0
PROSHARES TR II ULTRA SILVER NEW ULTRA SILVER NEW 74347W353 4,007,149 58,920 SH DFND 58,920 0 0
ROBLOX CORP CL A CL A 771049103 555,274 10,211 SH DFND 10,211 0 0
ROCKET LAB CORP COM 773121108 5,357,260 52,703 SH DFND 52,703 0 0
SANDISK CORP COM 80004C200 64,764,925 28,484 SH DFND 28,484 0 0
SEAGATE TECHNOLOGY HLDNGS PLC ORD SHS ORD SHS G7997R103 14,139,180 14,652 SH DFND 14,652 0 0
SO-YOUNG INTERNATIONAL-ADR SPONSORED ADS 83356Q108 4,540,452 3,067,873 SH DFND 3,067,873 0 0
TAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS SPONSORED ADS 874039100 75,642,312 158,390 SH DFND 158,390 0 0
TENCENT MUSIC ENTMT GROUP SPON ADS SPON ADS 88034P109 695,973 83,350 SH DFND 83,350 0 0
TRIP COM GROUP LTD ADS ADS 89677Q107 11,442,845 287,220 SH DFND 287,220 0 0
UNITEDHEALTH GROUP INC COM 91324P102 6,515,000 15,675 SH DFND 15,675 0 0
WESTERN DIGITAL CORP COM 958102105 40,911,293 64,052 SH DFND 64,052 0 0
YOULIFE GROUP INC -ADR SPONSORED ADS 98743K101 562,000 1,000,000 SH DFND 1,000,000 0 0
YUNJI INC-ADR SPONSORED ADS A 98873N305 45,636 32,138 SH DFND 32,138 0 0
ZOOM COMMUNICATIONS INC CL A CL A 98980L101 10,376,533 120,224 SH DFND 120,224 0 0