| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Krane Funds Advisors LLC | 15,839,097 | 919,768 | 222,064,139.94 | 2.6749 | 3.6368 | 03/31/2025 |
| 2 | HHLR Advisors Ltd. | 14,880,002 | -840,320 | 208,617,628.04 | 2.1046 | 3.4166 | 12/31/2024 |
| 3 | Acadian Asset Management LLC | 14,277,111 | -1,694,511 | 200,165,096.22 | 0.4839 | 3.2781 | 12/31/2024 |
| 4 | Robeco Institutional Asset Management BV | 12,564,417 | 1,596,182 | 176,153,126.34 | 0.2033 | 2.8849 | 03/31/2025 |
| 5 | BlackRock Fund Advisors | 12,088,906 | 2,059,372 | 169,486,462.12 | 0.0044 | 2.7757 | 03/31/2025 |
| 6 | The Vanguard Group, Inc. | 10,130,745 | 12,242 | 142,033,044.9 | 0.0022 | 2.3261 | 12/31/2024 |
| 7 | Carmignac Gestion SA | 9,935,058 | -98,028 | 139,289,513.16 | 1.575 | 2.2812 | 12/31/2024 |
| 8 | First Beijing Investment Ltd. | 9,837,776 | 2,197,488 | 137,925,619.52 | 5.4117 | 2.2588 | 12/31/2024 |
| 9 | FIL Investments International | 7,481,149 | -1,996,667 | 104,885,708.98 | 0.0861 | 1.7177 | 12/31/2024 |
| 10 | Dimensional Fund Advisors LP | 7,079,709 | 916,599 | 99,257,520.18 | 0.0179 | 1.6256 | 12/31/2024 |
| 11 | SSgA Funds Management, Inc. | 6,994,172 | -335,557 | 98,058,291.44 | 0.0039 | 1.6059 | 12/31/2024 |
| 12 | Orbis Investment Management Ltd. | 5,924,835 | 279,719 | 83,066,186.7 | 0.268 | 1.3604 | 12/31/2024 |
| 13 | Allspring Global Investments LLC | 5,790,466 | -698,485 | 81,182,333.32 | 0.1114 | 1.3295 | 03/31/2025 |
| 14 | Arrowstreet Capital LP | 5,769,238 | -1,438,821 | 80,884,716.76 | 0.0617 | 1.3247 | 12/31/2024 |
| 15 | Invesco Asset Management Ltd. | 5,706,039 | 451,348 | 79,998,666.78 | 0.1177 | 1.3101 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 11,770,330 | -4,364,260 | 165,020,026.6 | 2.6723 | 2.7026 | 04/30/2025 |
| 2 | Carmignac Emergents | 4,763,430 | 2,946,837 | 66,783,288.6 | 7.0792 | 1.0937 | 03/31/2025 |
| 3 | Vanguard Total International Stock Index Fund | 4,697,051 | -82,771 | 65,852,655.02 | 0.0138 | 1.0785 | 03/31/2025 |
| 4 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 4,353,913 | 0 | 61,041,860.26 | 0.0157 | 0.9997 | 12/31/2023 |
| 5 | Government Pension Fund - Global (The) | 4,317,998 | 0 | 60,538,331.96 | 0.0047 | 0.9914 | 06/30/2024 |
| 6 | Vanguard Emerging Markets Stock Index Fund | 4,148,415 | -276,530 | 58,160,778.3 | 0.0504 | 0.9525 | 03/31/2025 |
| 7 | MFS Emerging Markets Equity Fund | 4,065,115 | 9,100 | 56,992,912.3 | 0.6957 | 0.9334 | 03/31/2025 |
| 8 | Fidelity Funds SICAV - Global Technology Fund | 3,870,481 | 3,870,481 | 54,264,143.62 | 0.2214 | 0.8887 | 03/31/2025 |
| 9 | R-co Valor Fund | 3,326,407 | 0 | 46,636,226.14 | 0.9007 | 0.7638 | 01/31/2025 |
| 10 | Pear Tree Polaris Foreign Value Fund | 2,991,200 | 2,991,200 | 41,936,624 | 1.8669 | 0.6868 | 03/31/2025 |
| 11 | iShares Core MSCI Emerging Markets ETF | 2,924,870 | -342,457 | 41,006,677.4 | 0.0478 | 0.6716 | 04/30/2025 |
| 12 | Invesco Far Eastern Invt. Ser. - Asian Fund (UK) | 2,873,565 | -30,428 | 40,287,381.3 | 1.2486 | 0.6598 | 03/31/2025 |
| 13 | Orbis SICAV - International Equity Fund | 2,861,024 | -170,226 | 40,111,556.48 | 1.3877 | 0.6569 | 12/31/2024 |
| 14 | State Board of Administration of Florida Retirement System | 2,753,770 | -15,398 | 38,607,855.4 | 0.041 | 0.6323 | 12/31/2024 |
| 15 | DFA Emerging Markets Core Equity Portfolio | 2,727,478 | 127,113 | 38,239,241.56 | 0.1334 | 0.6262 | 01/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Polaris Capital Management LLC | 4,684,100 | 4,684,100 | 65,671,082 | 1.0048 | 1.0755 | 12/31/2024 |
| 2 | First Beijing Investment Ltd. | 9,837,776 | 2,197,488 | 137,925,619.52 | 5.4117 | 2.2588 | 12/31/2024 |
| 3 | BlackRock Fund Advisors | 12,088,906 | 2,059,372 | 169,486,462.12 | 0.0044 | 2.7757 | 03/31/2025 |
| 4 | Norges Bank Investment Management | 4,759,828 | 1,941,829 | 66,732,788.56 | 0.0051 | 1.0929 | 12/31/2024 |
| 5 | Mirae Asset Global Investments (Hong Kong) Ltd. | 2,009,564 | 1,889,735 | 28,174,087.28 | 0.1779 | 0.4614 | 03/31/2025 |
| 6 | Principal Global Investors LLC | 1,725,203 | 1,725,203 | 24,187,346.06 | 0.0123 | 0.3961 | 03/31/2025 |
| 7 | Robeco Institutional Asset Management BV | 12,564,417 | 1,596,182 | 176,153,126.34 | 0.2033 | 2.8849 | 03/31/2025 |
| 8 | Packer & Co. Ltd. | 1,549,263 | 1,549,263 | 21,720,667.26 | 6.4898 | 0.3557 | 03/31/2025 |
| 9 | Carmignac UK Ltd. | 1,360,595 | 1,360,595 | 19,075,541.9 | 0.3035 | 0.3124 | 03/31/2025 |
| 10 | Invesco Advisers, Inc. | 1,460,083 | 1,351,644 | 20,470,363.66 | 0.0085 | 0.3352 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Bright Valley Capital Ltd. | 210,000 | -2,010,000 | 2,944,200 | 1.9948 | 0.0482 | 12/31/2024 |
| 2 | FIL Investments International | 7,481,149 | -1,996,667 | 104,885,708.98 | 0.0861 | 1.7177 | 12/31/2024 |
| 3 | Acadian Asset Management LLC | 14,277,111 | -1,694,511 | 200,165,096.22 | 0.4839 | 3.2781 | 12/31/2024 |
| 4 | Causeway Capital Management LLC | 301,815 | -1,594,381 | 4,231,446.3 | 0.0108 | 0.0693 | 12/31/2024 |
| 5 | Arrowstreet Capital LP | 5,769,238 | -1,438,821 | 80,884,716.76 | 0.0617 | 1.3247 | 12/31/2024 |
| 6 | Schroder Investment Management (Singapore) Ltd. | 0 | -892,642 | 0 | 0 | 0 | |
| 7 | HHLR Advisors Ltd. | 14,880,002 | -840,320 | 208,617,628.04 | 2.1046 | 3.4166 | 12/31/2024 |
| 8 | TIAA-CREF Investment Management LLC | 172,880 | -729,344 | 2,423,777.6 | 0.001 | 0.0397 | 12/31/2024 |
| 9 | Allspring Global Investments LLC | 5,790,466 | -698,485 | 81,182,333.32 | 0.1114 | 1.3295 | 03/31/2025 |
| 10 | Canada Pension Plan Investment Board | 0 | -612,314 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.