| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder Investment Management North America, Inc. | 37,762,214 | 2,170,103 | 511,677,999.7 | 3.1661 | 4.2737 | 12/31/2024 |
| 2 | Krane Funds Advisors LLC | 23,984,629 | 7,689,130 | 324,991,722.95 | 3.6017 | 2.7144 | 03/31/2025 |
| 3 | Cantillon Capital Management LLC | 21,840,815 | 3,384,230 | 295,943,043.25 | 1.8115 | 2.4718 | 12/31/2024 |
| 4 | The Vanguard Group, Inc. | 21,638,286 | 134,994 | 293,198,775.3 | 0.0047 | 2.4489 | 12/31/2024 |
| 5 | Baillie Gifford & Co. | 20,959,579 | -560,919 | 284,002,295.45 | 0.1544 | 2.3721 | 12/31/2024 |
| 6 | BlackRock Fund Advisors | 20,456,257 | 506,689 | 277,182,282.35 | 0.0074 | 2.3151 | 12/31/2024 |
| 7 | Schroder Investment Management Ltd. | 17,716,853 | 1,922,974 | 240,063,358.15 | 0.1191 | 2.0051 | 12/31/2024 |
| 8 | Invesco Asset Management Ltd. | 12,845,886 | 821,224 | 174,061,755.3 | 0.2335 | 1.4538 | 12/31/2024 |
| 9 | SSgA Funds Management, Inc. | 12,640,658 | -180,830 | 171,280,915.9 | 0.0069 | 1.4306 | 12/31/2024 |
| 10 | Mawer Investment Management Ltd. | 11,467,410 | 6,919,574 | 155,383,405.5 | 0.3375 | 1.2978 | 12/31/2024 |
| 11 | Artisan Partners LP | 9,958,720 | 9,958,720 | 134,940,656 | 0.1183 | 1.1271 | 12/31/2024 |
| 12 | Norges Bank Investment Management | 8,769,945 | 2,201,750 | 118,832,754.75 | 0.0093 | 0.9925 | 12/31/2024 |
| 13 | Goldman Sachs Asset Management LP | 8,033,537 | 1,891,039 | 108,854,426.35 | 0.0295 | 0.9092 | 12/31/2024 |
| 14 | Renaissance Technologies LLC | 7,991,190 | -938,200 | 108,280,624.5 | 0.1613 | 0.9044 | 12/31/2024 |
| 15 | Invesco Hong Kong Ltd. | 7,039,157 | 480,417 | 95,380,577.35 | 2.4633 | 0.7966 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 22,283,502 | 7,311,932 | 301,941,452.1 | 4.0735 | 2.5219 | 03/31/2025 |
| 2 | American Funds New World Fund | 12,980,670 | 8,564,381 | 175,888,078.5 | 0.3008 | 1.4691 | 03/31/2025 |
| 3 | Vanguard Total International Stock Index Fund | 10,404,933 | 178,634 | 140,986,842.15 | 0.0299 | 1.1776 | 03/31/2025 |
| 4 | Government Pension Fund - Global (The) | 10,065,609 | 0 | 136,389,001.95 | 0.0107 | 1.1392 | 06/30/2024 |
| 5 | Hartford Schroders International Stock Fund | 10,024,411 | 929,117 | 135,830,769.05 | 1.8283 | 1.1345 | 03/31/2025 |
| 6 | Vanguard Emerging Markets Stock Index Fund | 9,385,692 | 4,157 | 127,176,126.6 | 0.1124 | 1.0622 | 03/31/2025 |
| 7 | Vanguard International Growth Fund | 8,587,275 | 1,464,141 | 116,357,576.25 | 0.2714 | 0.9718 | 02/28/2025 |
| 8 | iShares Core MSCI Emerging Markets ETF | 6,802,526 | 165,773 | 92,174,227.3 | 0.1103 | 0.7699 | 03/31/2025 |
| 9 | Fidelity Emerging Markets Fund | 6,279,925 | 1,515,125 | 85,092,983.75 | 1.1963 | 0.7107 | 02/28/2025 |
| 10 | Artisan International Fund | 5,434,146 | 5,434,146 | 73,632,678.3 | 1.399 | 0.615 | 03/31/2025 |
| 11 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 5,364,028 | 253,035 | 72,682,579.4 | 0.0297 | 0.6071 | 03/31/2025 |
| 12 | JPMorgan Emerging Markets Equity Fund | 5,360,509 | 5,360,509 | 72,634,896.95 | 1.1161 | 0.6067 | 02/28/2025 |
| 13 | Schroder ISF - Asian Total Return | 5,075,029 | 0 | 68,766,642.95 | 1.4343 | 0.5744 | 12/31/2024 |
| 14 | State Board of Administration of Florida Retirement System | 4,661,945 | 842,261 | 63,169,354.75 | 0.0684 | 0.5276 | 12/31/2024 |
| 15 | BOCOM Schroder CSI Overseas China Internet Index Fund | 3,790,473 | 189,177 | 51,360,909.15 | 3.6704 | 0.429 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Artisan Partners LP | 9,958,720 | 9,958,720 | 134,940,656 | 0.1183 | 1.1271 | 12/31/2024 |
| 2 | Krane Funds Advisors LLC | 23,984,629 | 7,689,130 | 324,991,722.95 | 3.6017 | 2.7144 | 03/31/2025 |
| 3 | Mawer Investment Management Ltd. | 11,467,410 | 6,919,574 | 155,383,405.5 | 0.3375 | 1.2978 | 12/31/2024 |
| 4 | JPMorgan Investment Management, Inc. | 6,325,821 | 6,109,053 | 85,714,874.55 | 0.0107 | 0.7159 | 12/31/2024 |
| 5 | Mirae Asset Global Investments (Hong Kong) Ltd. | 4,279,900 | 3,875,463 | 57,992,645 | 0.3703 | 0.4844 | 03/31/2025 |
| 6 | Cantillon Capital Management LLC | 21,840,815 | 3,384,230 | 295,943,043.25 | 1.8115 | 2.4718 | 12/31/2024 |
| 7 | UBS Securities LLC | 4,657,681 | 3,290,752 | 63,111,577.55 | 0.0322 | 0.5271 | 12/31/2024 |
| 8 | Marathon Asset Management Ltd. | 3,276,573 | 3,276,573 | 44,397,564.15 | 0.2984 | 0.3708 | 03/31/2025 |
| 9 | FIAM LLC | 3,003,038 | 2,524,700 | 40,691,164.9 | 0.0282 | 0.3399 | 12/31/2024 |
| 10 | Norges Bank Investment Management | 8,769,945 | 2,201,750 | 118,832,754.75 | 0.0093 | 0.9925 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Hermes Investment Management Ltd. | 0 | -6,152,478 | 0 | 0 | 0 | |
| 2 | Principal Global Investors LLC | 1,582,841 | -3,895,456 | 21,447,495.55 | 0.0111 | 0.1791 | 03/31/2025 |
| 3 | Voloridge Investment Management LLC | 25,780 | -3,628,224 | 349,319 | 0.0013 | 0.0029 | 12/31/2024 |
| 4 | Robeco Institutional Asset Management BV | 99,361 | -3,513,045 | 1,346,341.55 | 0.0016 | 0.0112 | 03/31/2025 |
| 5 | Qube Research & Technologies Ltd. | 550,486 | -3,170,265 | 7,459,085.3 | 0.0126 | 0.0623 | 12/31/2024 |
| 6 | OLP Capital Management Ltd. | 1,595,852 | -3,153,691 | 21,623,794.6 | 1.5987 | 0.1806 | 12/31/2024 |
| 7 | Goldman Sachs & Co. LLC (Private Banking) | 2,440,365 | -2,760,221 | 33,066,945.75 | 0.0212 | 0.2762 | 12/31/2024 |
| 8 | USS Investment Management Ltd. | 0 | -2,599,961 | 0 | 0 | 0 | |
| 9 | Greenwoods Investments SG Pte Ltd. | 484,586 | -2,484,617 | 6,566,140.3 | 0.2086 | 0.0548 | 12/31/2024 |
| 10 | The Caisse de depot et placement du Quebec | 0 | -2,481,303 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.