| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Krane Funds Advisors LLC | 26,905,091 | 14,950,509 | 341,694,655.7 | 3.7868 | 5.1226 | 03/31/2025 |
| 2 | Robeco Institutional Asset Management BV | 23,617,898 | 374,634 | 299,947,304.6 | 0.3531 | 4.4968 | 03/31/2025 |
| 3 | Orbis Investment Management Ltd. | 17,663,971 | 0 | 224,332,431.7 | 0.7443 | 3.3632 | 12/31/2024 |
| 4 | The Vanguard Group, Inc. | 13,891,756 | 803,049 | 176,425,301.2 | 0.0028 | 2.6449 | 12/31/2024 |
| 5 | HSBC Bank Plc (Broker) | 12,297,542 | 176,506 | 156,178,783.4 | 0.3394 | 2.3414 | 12/31/2024 |
| 6 | Dimensional Fund Advisors LP | 10,058,517 | 3,207,840 | 127,743,165.9 | 0.0235 | 1.9151 | 12/31/2024 |
| 7 | Goldman Sachs & Co. LLC (Private Banking) | 8,808,273 | -13,555,298 | 111,865,067.1 | 0.0717 | 1.6771 | 12/31/2024 |
| 8 | BlackRock Fund Advisors | 7,891,978 | -4,388,773 | 100,228,120.6 | 0.0027 | 1.5026 | 12/31/2024 |
| 9 | UBS Securities LLC | 7,059,193 | 5,782,757 | 89,651,751.1 | 0.0458 | 1.344 | 12/31/2024 |
| 10 | Hermes Investment Management Ltd. | 6,484,221 | -4,171,133 | 82,349,606.7 | 0.5164 | 1.2346 | 12/31/2024 |
| 11 | Nan Fung Trinity (HK) Ltd. | 5,201,950 | -97,000 | 66,064,765 | 11.8618 | 0.9904 | 12/31/2024 |
| 12 | SSgA Funds Management, Inc. | 5,119,597 | -2,107,506 | 65,018,881.9 | 0.0026 | 0.9748 | 12/31/2024 |
| 13 | Morgan Stanley & Co. LLC | 4,831,873 | 3,567,900 | 61,364,787.1 | 0.0247 | 0.92 | 12/31/2024 |
| 14 | Vanguard Fiduciary Trust Co. | 4,040,449 | 516,675 | 51,313,702.3 | 0.0591 | 0.7693 | 12/31/2024 |
| 15 | Bank of Communications Schroder Fund Management Co., Ltd. | 3,983,743 | 1,472,669 | 50,593,536.1 | 0.4093 | 0.7585 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Government Pension Fund - Global (The) | 15,383,285 | 0 | 195,367,719.5 | 0.0154 | 2.9289 | 06/30/2024 |
| 2 | Robeco Capital Gr. Fds. - Emerging Stars Equities | 8,848,277 | 0 | 112,373,117.9 | 4.521 | 1.6847 | 02/28/2025 |
| 3 | Vanguard Total International Stock Index Fund | 6,909,918 | 702,785 | 87,755,958.6 | 0.0186 | 1.3156 | 03/31/2025 |
| 4 | Vanguard Emerging Markets Stock Index Fund | 6,192,916 | 437,300 | 78,650,033.2 | 0.0695 | 1.1791 | 03/31/2025 |
| 5 | Hermes Invt. Funds - Asia (ex-Japan) Equity Fund | 4,412,016 | -4,306,808 | 56,032,603.2 | 1.777 | 0.84 | 01/31/2025 |
| 6 | iShares Core MSCI Emerging Markets ETF | 4,182,804 | 157,988 | 53,121,610.8 | 0.0636 | 0.7964 | 03/31/2025 |
| 7 | BOCOM Schroder CSI Overseas China Internet Index Fund | 3,983,743 | 1,472,669 | 50,593,536.1 | 3.6156 | 0.7585 | 12/31/2024 |
| 8 | DFA Emerging Markets Core Equity Portfolio | 3,953,410 | 370,082 | 50,208,307 | 0.1802 | 0.7527 | 12/31/2024 |
| 9 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 3,570,121 | 478,284 | 45,340,536.7 | 0.0186 | 0.6797 | 03/31/2025 |
| 10 | Harvest Global Internet Stock Fund | 3,020,000 | 350,000 | 38,354,000 | 20.5571 | 0.575 | 12/31/2024 |
| 11 | FP Brunel Pension Partnership ACS - Emerging Markets Equity Fd | 2,932,943 | 0 | 37,248,376.1 | 2.4935 | 0.5584 | 09/30/2024 |
| 12 | E Fund CSI Overseas China Internet 50 ETF | 2,667,758 | 1,111,029 | 33,880,526.6 | 0.5833 | 0.5079 | 12/31/2024 |
| 13 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 2,489,989 | 0 | 31,622,860.3 | 0.0082 | 0.4741 | 12/31/2023 |
| 14 | DFA Dimensional Emerging Markets Value Fund | 1,808,670 | 1,808,670 | 22,970,109 | 0.204 | 0.3444 | 12/31/2024 |
| 15 | SEI Institutional Intl. Trust - Emerging Markets Equity Fund | 1,776,517 | -158,438 | 22,561,765.9 | 1.588 | 0.3382 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Krane Funds Advisors LLC | 26,905,091 | 14,950,509 | 341,694,655.7 | 3.7868 | 5.1226 | 03/31/2025 |
| 2 | UBS Securities LLC | 7,059,193 | 5,782,757 | 89,651,751.1 | 0.0458 | 1.344 | 12/31/2024 |
| 3 | Morgan Stanley & Co. LLC | 4,831,873 | 3,567,900 | 61,364,787.1 | 0.0247 | 0.92 | 12/31/2024 |
| 4 | Woodline Partners LP | 3,392,222 | 3,392,222 | 43,081,219.4 | 0.3175 | 0.6459 | 12/31/2024 |
| 5 | Dimensional Fund Advisors LP | 10,058,517 | 3,207,840 | 127,743,165.9 | 0.0235 | 1.9151 | 12/31/2024 |
| 6 | Arrowstreet Capital LP | 3,132,709 | 3,132,709 | 39,785,404.3 | 0.0313 | 0.5965 | 12/31/2024 |
| 7 | D. E. Shaw & Co. LP | 2,413,861 | 2,312,261 | 30,656,034.7 | 0.0358 | 0.4596 | 12/31/2024 |
| 8 | Citadel Securities LLC | 2,460,613 | 2,080,153 | 31,249,785.1 | 0.1149 | 0.4685 | 12/31/2024 |
| 9 | Barclays Bank Plc (Private Banking) | 3,632,816 | 2,023,822 | 46,136,763.2 | 0.0327 | 0.6917 | 12/31/2024 |
| 10 | Walleye Capital LLC | 2,285,557 | 1,826,752 | 29,026,573.9 | 0.1977 | 0.4352 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goldman Sachs & Co. LLC (Private Banking) | 8,808,273 | -13,555,298 | 111,865,067.1 | 0.0717 | 1.6771 | 12/31/2024 |
| 2 | Genesis Investment Management LLP | 3,921,494 | -12,660,689 | 49,802,973.8 | 3.1896 | 0.7466 | 12/31/2024 |
| 3 | FIL Investment Management (Singapore) Ltd. | 0 | -10,459,750 | 0 | 0 | 0 | |
| 4 | Perseverance Asset Management LP | 1,538,405 | -7,426,290 | 19,537,743.5 | 0.6191 | 0.2929 | 12/31/2024 |
| 5 | HCEP Management Ltd. | 0 | -5,000,000 | 0 | 0 | 0 | |
| 6 | BlackRock Fund Advisors | 7,891,978 | -4,388,773 | 100,228,120.6 | 0.0027 | 1.5026 | 12/31/2024 |
| 7 | Hermes Investment Management Ltd. | 6,484,221 | -4,171,133 | 82,349,606.7 | 0.5164 | 1.2346 | 12/31/2024 |
| 8 | Norges Bank Investment Management | 1,947,461 | -3,786,230 | 24,732,754.7 | 0.0019 | 0.3708 | 12/31/2024 |
| 9 | Bank of America, NA (Private Banking) | 220,593 | -3,694,231 | 2,801,531.1 | 0.0014 | 0.042 | 12/31/2024 |
| 10 | BofA Securities, Inc. | 565,240 | -3,434,762 | 7,178,548 | 0.0136 | 0.1076 | 12/31/2024 |
Data provided by FactSet Research Systems Inc.