| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Stonehill Capital Management LLC | 2,087,587 | 835,640 | 112,854,953.22 | 33.2795 | 4.8847 | 06/30/2025 |
| 2 | Acadian Asset Management LLC | 1,514,768 | -105,093 | 81,888,358.08 | 0.1408 | 3.5443 | 06/30/2025 |
| 3 | Krane Funds Advisors LLC | 1,179,094 | -320,987 | 63,741,821.64 | 0.6877 | 2.7589 | 06/30/2025 |
| 4 | Bright Valley Capital Ltd. | 985,090 | 609,090 | 53,253,965.4 | 47.1912 | 2.305 | 06/30/2025 |
| 5 | Whitefort Capital Management, LP | 914,943 | 494,516 | 49,461,818.58 | 16.5555 | 2.1408 | 06/30/2025 |
| 6 | Alpine Investment Management Ltd. | 914,153 | 914,153 | 49,419,111.18 | 21.249 | 2.139 | 06/30/2025 |
| 7 | The Vanguard Group, Inc. | 843,008 | -16,750 | 45,573,012.48 | 0.0006 | 1.9725 | 06/30/2025 |
| 8 | Arrowstreet Capital LP | 789,504 | -35,795 | 42,680,586.24 | 0.028 | 1.8473 | 06/30/2025 |
| 9 | Farallon Capital Management LLC | 787,906 | 787,906 | 42,594,198.36 | 0.2032 | 1.8436 | 06/30/2025 |
| 10 | Causeway Capital Management LLC | 731,870 | 731,870 | 39,564,892.2 | 0.0947 | 1.7125 | 06/30/2025 |
| 11 | Morgan Stanley & Co. LLC | 688,810 | -139,186 | 37,237,068.6 | 0.0131 | 1.6117 | 06/30/2025 |
| 12 | OLP Capital Management Ltd. | 581,154 | -800,932 | 31,417,185.24 | 2.4247 | 1.3598 | 06/30/2025 |
| 13 | SSgA Funds Management, Inc. | 555,855 | -64,291 | 30,049,521.3 | 0.001 | 1.3006 | 06/30/2025 |
| 14 | BlackRock Fund Advisors | 541,912 | -36,974 | 29,295,762.72 | 0.0007 | 1.268 | 06/30/2025 |
| 15 | Fidelity Management & Research Co. LLC | 372,320 | -178,700 | 20,127,619.2 | 0.0012 | 0.8712 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 1,235,517 | 47,665 | 66,792,049.02 | 0.8246 | 2.8909 | 07/31/2025 |
| 2 | State Board of Administration of Florida Retirement System | 409,305 | 326,969 | 22,127,028.3 | 0.02 | 0.9577 | 03/31/2025 |
| 3 | Vanguard Total International Stock Index Fund | 389,248 | -17,735 | 21,042,746.88 | 0.0039 | 0.9108 | 07/31/2025 |
| 4 | Vanguard Emerging Markets Stock Index Fund | 376,535 | 20,513 | 20,355,482.1 | 0.0152 | 0.881 | 07/31/2025 |
| 5 | Jupiter Asset Mgmt. Series Plc - Global Eq. Abs. Ret. Fd. | 283,100 | 198,100 | 15,304,386 | 0.5111 | 0.6624 | 03/31/2025 |
| 6 | CREF Stock Account | 282,300 | 99,100 | 15,261,138 | 0.0114 | 0.6605 | 06/30/2025 |
| 7 | iShares Core MSCI Emerging Markets ETF | 277,624 | -938 | 15,008,353.44 | 0.0148 | 0.6496 | 07/31/2025 |
| 8 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 250,424 | 0 | 13,537,921.44 | 0.0033 | 0.586 | 12/31/2023 |
| 9 | BOCOM Schroder CSI Overseas China Internet Index Fund | 234,773 | 0 | 12,691,828.38 | 0.8087 | 0.5493 | 12/31/2024 |
| 10 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 202,213 | -3,912 | 10,931,634.78 | 0.004 | 0.4731 | 07/31/2025 |
| 11 | Fidelity Low Priced Stock Fund | 191,110 | -989 | 10,331,406.6 | 0.0427 | 0.4472 | 05/31/2025 |
| 12 | Invesco China Technology ETF | 176,803 | 43,415 | 9,557,970.18 | 0.6811 | 0.4137 | 07/31/2025 |
| 13 | SPDR S&P Kensho New Economies Composite ETF | 166,119 | 46,613 | 8,980,393.14 | 0.369 | 0.3887 | 07/31/2025 |
| 14 | JNL Multi Manager International Small Cap Fund | 141,992 | 141,992 | 7,676,087.52 | 1.0736 | 0.3322 | 06/30/2025 |
| 15 | Nuveen Quant International Small Cap Equity Fund | 139,300 | -21,900 | 7,530,558 | 0.5714 | 0.3259 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Alpine Investment Management Ltd. | 914,153 | 914,153 | 49,419,111.18 | 21.249 | 2.139 | 06/30/2025 |
| 2 | Stonehill Capital Management LLC | 2,087,587 | 835,640 | 112,854,953.22 | 33.2795 | 4.8847 | 06/30/2025 |
| 3 | Farallon Capital Management LLC | 787,906 | 787,906 | 42,594,198.36 | 0.2032 | 1.8436 | 06/30/2025 |
| 4 | Causeway Capital Management LLC | 731,870 | 731,870 | 39,564,892.2 | 0.0947 | 1.7125 | 06/30/2025 |
| 5 | Bright Valley Capital Ltd. | 985,090 | 609,090 | 53,253,965.4 | 47.1912 | 2.305 | 06/30/2025 |
| 6 | Whitefort Capital Management, LP | 914,943 | 494,516 | 49,461,818.58 | 16.5555 | 2.1408 | 06/30/2025 |
| 7 | Invesco Hong Kong Ltd. | 322,657 | 322,657 | 17,442,837.42 | 0.4234 | 0.755 | 06/30/2025 |
| 8 | Nan Fung Trinity (HK) Ltd. | 277,700 | 277,700 | 15,012,462 | 1.7127 | 0.6498 | 06/30/2025 |
| 9 | Eastspring Investments (Singapore) Ltd. | 250,750 | 250,750 | 13,555,545 | 0.0475 | 0.5867 | 06/30/2025 |
| 10 | Connor, Clark & Lunn Investment Management Ltd. | 296,334 | 210,351 | 16,019,816.04 | 0.0487 | 0.6934 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Yunqi Capital Ltd. | 0 | -1,710,987 | 0 | 0 | 0 | |
| 2 | Point72 Asset Management LP | 224,854 | -1,598,546 | 12,155,607.24 | 0.0239 | 0.5261 | 06/30/2025 |
| 3 | OLP Capital Management Ltd. | 581,154 | -800,932 | 31,417,185.24 | 2.4247 | 1.3598 | 06/30/2025 |
| 4 | Tiger Pacific Capital LP | 0 | -680,676 | 0 | 0 | 0 | |
| 5 | Krane Funds Advisors LLC | 1,179,094 | -320,987 | 63,741,821.64 | 0.6877 | 2.7589 | 06/30/2025 |
| 6 | D. E. Shaw & Co. LP | 0 | -304,355 | 0 | 0 | 0 | |
| 7 | Cape Ann Asset Management Ltd. | 0 | -254,436 | 0 | 0 | 0 | |
| 8 | AI-Squared Management Ltd. | 0 | -247,604 | 0 | 0 | 0 | |
| 9 | MY.Alpha Management (HK) Advisors Ltd. | 351,957 | -223,361 | 19,026,795.42 | 14.1397 | 0.8235 | 06/30/2025 |
| 10 | BNP Paribas Financial Markets | 170,015 | -199,104 | 9,191,010.9 | 0.0067 | 0.3978 | 06/30/2025 |
Data provided by FactSet Research Systems Inc.