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
AAON INC COM PAR $0.004 000360206 421,048 3,319 SH SOLE NONE 3,319 0 0
ACM RESH INC COM CL A 00108J109 127 1 SH SOLE NONE 1 0 0
ADECOAGRO S A COM L00849106 557,796 58,408 SH SOLE NONE 58,408 0 0
ADVANCED MICRO DEVICES INC COM 007903107 3,485 6 SH SOLE NONE 6 0 0
AIR PRODUCTS AND CHEMICALS I COM 009158106 962,217 3,282 SH SOLE NONE 3,282 0 0
ALPHABET INC CAP STK CL A 02079K305 40,433,199 113,141 SH SOLE NONE 113,141 0 0
ALPHABET INC CAP STK CL C 02079K107 1,820,356 5,152 SH SOLE NONE 5,152 0 0
AMAZON COM INC COM 023135106 15,046,404 63,130 SH SOLE NONE 63,130 0 0
ANTERO RESOURCES CORP COM 03674X106 105,315 2,997 SH SOLE NONE 2,997 0 0
APPLE INC COM 037833100 8,899,556 30,756 SH SOLE NONE 30,756 0 0
APPLIED MATLS INC COM 038222105 2,044,644 2,828 SH SOLE NONE 2,828 0 0
APPLIED OPTOELECTRONICS INC COM 03823U102 252,613 1,705 SH SOLE NONE 1,705 0 0
ASML HLDG NV N Y REGISTRY SHS N07059210 720,177 362 SH SOLE NONE 362 0 0
ASTERA LABS INC COM 04626A103 1,449 3 SH SOLE NONE 3 0 0
ATRENEW INC SPONSORED ADS 00138L108 505,081 130,512 SH SOLE NONE 130,512 0 0
AXT INC COM 00246W103 72 1 SH SOLE NONE 1 0 0
AYA GOLD & SILVER INC COM 05466C109 235,197 12,418 SH SOLE NONE 12,418 0 0
BAKER HUGHES COMPANY CL A 05722G100 1,049,783 18,915 SH SOLE NONE 18,915 0 0
BANK OF AMER CORP COM 060505104 19,088 335 SH SOLE NONE 335 0 0
BEONE MEDICINES LTD SPONSORED ADS 07725L102 3,137,235 11,009 SH SOLE NONE 11,009 0 0
BHP BILLITON LIMITED SPONSORED ADS 088606108 16,662 200 SH SOLE NONE 200 0 0
BLOCK INC CL A 852234103 21,432 282 SH SOLE NONE 282 0 0
BLOOM ENERGY CORP COM CL A 093712107 3,027 10 SH SOLE NONE 10 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 240,864 3,900 SH SOLE NONE 3,900 0 0
BULLISH ORD SHS G16910120 16,237 693 SH SOLE NONE 693 0 0
CABOT CORP COM 127055101 684,783 7,540 SH SOLE NONE 7,540 0 0
CADELER A S SPON ADR 12738K109 323,720 14,775 SH SOLE NONE 14,775 0 0
CADENCE DESIGN SYSTEM INC COM 127387108 1,266,330 3,374 SH SOLE NONE 3,374 0 0
CANADIAN SOLAR INC COM 136635109 210,375 13,132 SH SOLE NONE 13,132 0 0
CAPITAL ONE FINL CORP COM 14040H105 10,833 54 SH SOLE NONE 54 0 0
CATERPILLAR INC COM 149123101 1,912,560 1,796 SH SOLE NONE 1,796 0 0
CELESTICA INC COM 15101Q207 365 1 SH SOLE NONE 1 0 0
CHENIERE ENERGY INC COM NEW 16411R208 706,275 2,955 SH SOLE NONE 2,955 0 0
CHINA YUCHAI INTL LTD COM G21082105 2,056,978 43,387 SH SOLE NONE 43,387 0 0
CHUBB LIMITED COM H1467J104 18,741 55 SH SOLE NONE 55 0 0
CIRCLE INTERNET GROUP INC COM CL A 172573107 22,797 364 SH SOLE NONE 364 0 0
CITIGROUP INC COM NEW 172967424 9,937 71 SH SOLE NONE 71 0 0
COCA COLA CO COM 191216100 73,143 900 SH SOLE NONE 900 0 0
COHERENT CORP COM 19247G107 2,853,990 7,235 SH SOLE NONE 7,235 0 0
COINBASE GLOBAL INC NOTE 0.250% 4/0 19260QAF4 4,497,500 5,000,000 PRN SOLE NONE 5,000,000 0 0
CONSTELLATION ENERGY CORP COM 21037T109 41,229 166 SH SOLE NONE 166 0 0
CORNING INC COM 219350105 379,058 1,484 SH SOLE NONE 1,484 0 0
CUMMINS INC COM 231021106 458,594 643 SH SOLE NONE 643 0 0
D R HORTON INC COM 23331A109 11,727 72 SH SOLE NONE 72 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 637,628 38,574 SH SOLE NONE 38,574 0 0
DT MIDSTREAM INC COMMON STOCK 23345M107 241,681 1,647 SH SOLE NONE 1,647 0 0
ELBIT SYS LTD ORD M3760D101 1,139,597 1,502 SH SOLE NONE 1,502 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 41,873 2,190 SH SOLE NONE 2,190 0 0
FINVOLUTION GROUP NOTE 2.500% 7/0 31810TAB7 13,192,800 15,000,000 PRN SOLE NONE 15,000,000 0 0
FIRSTENERGY CORP COM 337932107 465,226 9,786 SH SOLE NONE 9,786 0 0
FISERV INC COM 337738108 18,050 368 SH SOLE NONE 368 0 0
FORD MTR CO COM 345370860 82,066 5,904 SH SOLE NONE 5,904 0 0
FREEPORT MCMORAN INC CL B 35671D857 1,195,224 19,005 SH SOLE NONE 19,005 0 0
FRONTLINE PLC COM M46528101 18,661,773 536,412 SH SOLE NONE 536,412 0 0
FULL TRUCK ALLIANCE CO LTD SPONSORED ADS 35969L108 7,819,203 962,956 SH SOLE NONE 962,956 0 0
FUTU HLDGS LTD SPON ADS CL A 36118L106 1,009,111 10,765 SH SOLE NONE 10,765 0 0
GARRETT MOTION INC COM 366505105 1,704,259 47,040 SH SOLE NONE 47,040 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108 10,783,232 359,082 SH SOLE NONE 359,082 0 0
GE VERNOVA INC COM 36828A101 1,897,399 1,615 SH SOLE NONE 1,615 0 0
GENERAC HLDGS INC COM 368736104 9,077 31 SH SOLE NONE 31 0 0
GENERAL MTRS CO COM 37045V100 481,519 6,247 SH SOLE NONE 6,247 0 0
H WORLD GROUP LTD SPONSORED ADS 44332N106 488,917 11,719 SH SOLE NONE 11,719 0 0
HIMAX TECHNOLOGIES INC SPONSORED ADR 43289P106 15 1 SH SOLE NONE 1 0 0
HOWMET AEROSPACE INC COM 443201108 448,727 1,669 SH SOLE NONE 1,669 0 0
HUYA INC ADS REP SHS A 44852D108 217,996 94,781 SH SOLE NONE 94,781 0 0
INNIO NV ORDINARY SHARES N52A8C105 413,851 10,464 SH SOLE NONE 10,464 0 0
INTEL CORP COM 458140100 2,778,777 19,901 SH SOLE NONE 19,901 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107 23,327 268 SH SOLE NONE 268 0 0
INVESCO LTD SHS G491BT108 13,881 526 SH SOLE NONE 526 0 0
IQIYI INC NOTE 4.625% 3/1 46267XAK4 18,225,000 20,000,000 PRN SOLE NONE 20,000,000 0 0
ISHARES BITCOIN TRUST ETF SHS BEN INT 46438F101 59,508,239 1,787,571 SH SOLE NONE 1,787,571 0 0
JD.COM INC NOTE 0.250% 6/0 47215PAJ5 4,927,400 5,000,000 PRN SOLE NONE 5,000,000 0 0
JD.COM INC SPON ADS CL A 47215P106 184,603 7,245 SH SOLE NONE 7,245 0 0
JOYY INC ADS REPSTG COM A 46591M109 5,903,927 89,467 SH SOLE NONE 89,467 0 0
KE HLDGS INC SPONSORED ADS 482497104 5,609 386 SH SOLE NONE 386 0 0
KLA CORP COM NEW 482480100 2,387,130 7,912 SH SOLE NONE 7,912 0 0
KULICKE & SOFFA INDS INC COM 501242101 134 1 SH SOLE NONE 1 0 0
LITHIUM ARGENTINA AG COM SHS H5012F103 307,768 37,215 SH SOLE NONE 37,215 0 0
LPL FINL HLDGS INC COM 50212V100 9,577 34 SH SOLE NONE 34 0 0
MACOM TECH SOLUTIONS HLDGS I COM 55405Y100 380 1 SH SOLE NONE 1 0 0
MARA HOLDINGS INC NOTE 1.000%12/0 565788AB2 2,109,668 2,250,000 PRN SOLE NONE 2,250,000 0 0
MARA HOLDINGS INC NOTE 3/0 565788AF3 2,009,320 2,000,000 PRN SOLE NONE 2,000,000 0 0
MARATHON PETE CORP COM 56585A102 695,167 2,719 SH SOLE NONE 2,719 0 0
MARVELL TECHNOLOGY INC COM 573874104 298 1 SH SOLE NONE 1 0 0
MASTEC INC COM 576323109 119,825 288 SH SOLE NONE 288 0 0
MATERION CORP COM 576690101 679,834 2,286 SH SOLE NONE 2,286 0 0
MAXLINEAR INC COM 57776J100 256 2 SH SOLE NONE 2 0 0
META PLATFORMS INC CL A 30303M102 5,240,287 9,303 SH SOLE NONE 9,303 0 0
MIAMI INTL HLDGS INC COM 59356Q108 15,050 405 SH SOLE NONE 405 0 0
MICROSOFT CORP COM 594918104 5,222 14 SH SOLE NONE 14 0 0
MKS INC. COM 55306N104 3,007,293 6,761 SH SOLE NONE 6,761 0 0
MODINE MFG CO COM 607828100 476,898 1,786 SH SOLE NONE 1,786 0 0
MONOLITHIC PWR SYS INC COM 609839105 42,853 31 SH SOLE NONE 31 0 0
NAVITAS SEMICONDUCTOR CORP COM 63942X106 18 1 SH SOLE NONE 1 0 0
NEBIUS GROUP N.V. SHS CLASS A N97284108 835,138 3,024 SH SOLE NONE 3,024 0 0
NETEASE COM INC SPONSORED ADS 64110W102 4,673,266 36,470 SH SOLE NONE 36,470 0 0
NEW ORIENTAL ED & TECHNOLOGY SPON ADR 647581206 1,193,568 25,998 SH SOLE NONE 25,998 0 0
NEWMONT CORP COM 651639106 1,194,866 12,793 SH SOLE NONE 12,793 0 0
NIO INC SPON ADS 62914V106 47,999 9,486 SH SOLE NONE 9,486 0 0
NOBLE CORP PLC ORD SHS A G65431127 770,170 20,648 SH SOLE NONE 20,648 0 0
NUCOR CORP COM 670346105 87,318 392 SH SOLE NONE 392 0 0
NVIDIA CORPORATION COM 67066G104 423,791 2,118 SH SOLE NONE 2,118 0 0
ONTO INNOVATION INC COM 683344105 1,858,190 4,910 SH SOLE NONE 4,910 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102 4,260,314 55,851 SH SOLE NONE 55,851 0 0
POWER SOLUTIONS INTL INC COM NEW 73933G202 78 2 SH SOLE NONE 2 0 0
QFIN HOLDINGS INC AMERICAN DEP 88557W101 296,327 18,743 SH SOLE NONE 18,743 0 0
QFIN HOLDINGS INC NOTE 0.500% 4/0 88557WAB7 18,532,500 21,000,000 PRN SOLE NONE 21,000,000 0 0
QUALCOMM INC COM 747525103 1,191,156 6,446 SH SOLE NONE 6,446 0 0
QUANTA SVCS INC COM 74762E102 458,665 637 SH SOLE NONE 637 0 0
RAMBUS INC DEL COM 750917106 133 1 SH SOLE NONE 1 0 0
REDDIT INC CL A 75734B100 455,474 2,624 SH SOLE NONE 2,624 0 0
REGAL REXNORD CORPORATION COM 758750103 475,904 1,998 SH SOLE NONE 1,998 0 0
ROBINHOOD MKTS INC COM CL A 770700102 9,627 96 SH SOLE NONE 96 0 0
S&P GLOBAL INC COM 78409V104 113,626 279 SH SOLE NONE 279 0 0
SANDISK CORP COM 80004C200 1,227,814 540 SH SOLE NONE 540 0 0
SANMINA CORP COM 801056102 506 2 SH SOLE NONE 2 0 0
SEADRILL LTD COM G7997W102 2,028,173 53,627 SH SOLE NONE 53,627 0 0
SEAGATE TECHNOLOGY HLDNGS PL ORD SHS G7997R103 48,209,470 49,958 SH SOLE NONE 49,958 0 0
SEMPRA COM 816851109 463,365 4,998 SH SOLE NONE 4,998 0 0
SHARKNINJA INC COM SHS G8068L108 22,841 150 SH SOLE NONE 150 0 0
SILICON MOTION TECHNOLOGY CO SPONSORED ADR 82706C108 667 2 SH SOLE NONE 2 0 0
SOLSTICE ADVANCED MATLS INC COM SHS 83443Q103 382,752 4,320 SH SOLE NONE 4,320 0 0
SOUTHERN COPPER CORP COM 84265V105 73,886 424 SH SOLE NONE 424 0 0
SPDR GOLD TR GOLD SHS 78463V107 19,004,724 51,590 SH SOLE NONE 51,590 0 0
SYNOPSYS INC COM 871607107 1,290,034 2,892 SH SOLE NONE 2,892 0 0
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 33,918,454 71,023 SH SOLE NONE 71,023 0 0
TALEN ENERGY CORP COM 87422Q109 675,913 1,759 SH SOLE NONE 1,759 0 0
TERADYNE INC COM 880770102 11,174,769 23,096 SH SOLE NONE 23,096 0 0
TESLA INC COM 88160R101 394,102 937 SH SOLE NONE 937 0 0
THE REAL BROKERAGE INC COM NEW 75585H206 6,128 3,367 SH SOLE NONE 3,367 0 0
TRADEWEB MKTS INC CL A 892672106 22,424 225 SH SOLE NONE 225 0 0
TRANSOCEAN LTD REGISTERED SHS H8817H100 747,525 152,868 SH SOLE NONE 152,868 0 0
TRIP COM GROUP LTD ADS 89677Q107 597,600 15,000 SH SOLE NONE 15,000 0 0
TRIP COM GROUP LTD NOTE 0.750% 6/1 89677QAB3 21,211,470 21,500,000 PRN SOLE NONE 21,500,000 0 0
TTM TECHNOLOGIES INC COM 87305R109 187 1 SH SOLE NONE 1 0 0
UP FINTECH HLDG LTD SPONSORED ADS 91531W106 382,571 86,948 SH SOLE NONE 86,948 0 0
VALE S A SPONSORED ADS 91912E105 367,653 24,445 SH SOLE NONE 24,445 0 0
VALERO ENERGY CORP COM 91913Y100 507,337 1,948 SH SOLE NONE 1,948 0 0
VEECO INSTRS INC DEL COM 922417100 935,827 12,346 SH SOLE NONE 12,346 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 411,829 1,230 SH SOLE NONE 1,230 0 0
VICOR CORP COM 925815102 1,410,503 3,714 SH SOLE NONE 3,714 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 2,858,353 53,149 SH SOLE NONE 53,149 0 0
VISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 928298AR9 11,908,980 6,000,000 PRN SOLE NONE 6,000,000 0 0
VISTRA CORP COM 92840M102 37,119 234 SH SOLE NONE 234 0 0
VNET GROUP INC SPONSORED ADS A 90138A103 27,084,018 3,368,659 SH SOLE NONE 3,368,659 0 0
VOYAGER TECHNOLOGIES INC COM CL A 92892B103 301,280 9,342 SH SOLE NONE 9,342 0 0
WESTERN DIGITAL CORP COM 958102105 5,205,568 8,150 SH SOLE NONE 8,150 0 0
WILLIAMS COS INC COM 969457100 241,159 3,244 SH SOLE NONE 3,244 0 0
WOLFSPEED INC COMMON STOCK 97785W106 97 2 SH SOLE NONE 2 0 0
WOODWARD INC COM 980745103 764,516 1,797 SH SOLE NONE 1,797 0 0
ZTO EXPRESS CAYMAN INC SPONSORED ADS A 98980A105 393,060 17,563 SH SOLE NONE 17,563 0 0