| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Stonehill Capital Management LLC | 2,245,755 | 1,141,430 | 96,253,059.3 | 23.9906 | 5.2547 | 03/20/2025 |
| 2 | Point72 Asset Management LP | 1,823,400 | -359,586 | 78,150,924 | 0.1928 | 4.2665 | 12/31/2024 |
| 3 | Acadian Asset Management LLC | 1,619,861 | -126,792 | 69,427,242.46 | 0.1679 | 3.7902 | 12/31/2024 |
| 4 | Krane Funds Advisors LLC | 1,559,646 | 220,110 | 66,846,427.56 | 0.8052 | 3.6493 | 03/31/2025 |
| 5 | OLP Capital Management Ltd. | 1,382,086 | 1,382,086 | 59,236,205.96 | 4.0543 | 3.2339 | 12/31/2024 |
| 6 | The Vanguard Group, Inc. | 859,758 | 8,824 | 36,849,227.88 | 0.0006 | 2.0117 | 12/31/2024 |
| 7 | Morgan Stanley & Co. LLC | 827,996 | 90,441 | 35,487,908.56 | 0.014 | 1.9374 | 12/31/2024 |
| 8 | Arrowstreet Capital LP | 825,299 | 13,710 | 35,372,315.14 | 0.027 | 1.9311 | 12/31/2024 |
| 9 | Tiger Pacific Capital LP | 680,676 | 127,829 | 29,173,773.36 | 6.7673 | 1.5927 | 12/31/2024 |
| 10 | SSgA Funds Management, Inc. | 620,146 | -22,578 | 26,579,457.56 | 0.001 | 1.4511 | 12/31/2024 |
| 11 | MY.Alpha Management (HK) Advisors Ltd. | 575,318 | 108,849 | 24,658,129.48 | 10.42 | 1.3462 | 12/31/2024 |
| 12 | Fidelity Management & Research Co. LLC | 551,020 | 7,606 | 23,616,717.2 | 0.0015 | 1.2893 | 12/31/2024 |
| 13 | BlackRock Fund Advisors | 516,357 | -120,585 | 22,131,061.02 | 0.0006 | 1.2082 | 03/31/2025 |
| 14 | Canada Pension Plan Investment Board | 427,100 | -140,500 | 18,305,506 | 0.0108 | 0.9994 | 12/31/2024 |
| 15 | Whitefort Capital Management, LP | 420,427 | -145,451 | 18,019,501.22 | 9.2524 | 0.9837 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 1,189,978 | -263,563 | 51,002,457.08 | 0.8259 | 2.7844 | 04/30/2025 |
| 2 | Vanguard Total International Stock Index Fund | 406,983 | 8,512 | 17,443,291.38 | 0.0036 | 0.9523 | 03/31/2025 |
| 3 | Vanguard Emerging Markets Stock Index Fund | 364,077 | 8,055 | 15,604,340.22 | 0.0135 | 0.8519 | 03/31/2025 |
| 4 | iShares Core MSCI Emerging Markets ETF | 264,781 | -41,886 | 11,348,513.66 | 0.0132 | 0.6195 | 04/30/2025 |
| 5 | CREF Stock Account | 250,700 | 75,400 | 10,745,002 | 0.0088 | 0.5866 | 02/28/2025 |
| 6 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 250,424 | 0 | 10,733,172.64 | 0.0028 | 0.586 | 12/31/2023 |
| 7 | BOCOM Schroder CSI Overseas China Internet Index Fund | 234,773 | -23,000 | 10,062,370.78 | 0.699 | 0.5493 | 12/31/2024 |
| 8 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 209,942 | 7,552 | 8,998,114.12 | 0.0036 | 0.4912 | 03/31/2025 |
| 9 | Fidelity Low Priced Stock Fund | 191,787 | -746 | 8,219,990.82 | 0.0366 | 0.4488 | 02/28/2025 |
| 10 | Invesco China Technology ETF | 180,102 | 16,407 | 7,719,171.72 | 0.7903 | 0.4214 | 04/30/2025 |
| 11 | Nuveen Quant International Small Cap Equity Fund | 155,500 | 4,500 | 6,664,730 | 0.5153 | 0.3638 | 02/28/2025 |
| 12 | E Fund CSI Overseas China Internet 50 ETF | 149,638 | 54,478 | 6,413,484.68 | 0.1055 | 0.3501 | 12/31/2024 |
| 13 | SPDR S&P Kensho New Economies Composite ETF | 126,507 | 29,906 | 5,422,090.02 | 0.2558 | 0.296 | 04/30/2025 |
| 14 | SEI Institutional Invt. Trust - World Equity (ex-US) Fund | 113,942 | 0 | 4,883,554.12 | 0.0609 | 0.2666 | 04/30/2025 |
| 15 | KraneShares ICAV - CSI China Internet UCITS ETF | 95,792 | -9,741 | 4,105,645.12 | 0.7567 | 0.2241 | 04/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | OLP Capital Management Ltd. | 1,382,086 | 1,382,086 | 59,236,205.96 | 4.0543 | 3.2339 | 12/31/2024 |
| 2 | Stonehill Capital Management LLC | 2,245,755 | 1,141,430 | 96,253,059.3 | 23.9906 | 5.2547 | 03/20/2025 |
| 3 | BNP Paribas Financial Markets | 369,119 | 369,119 | 15,820,440.34 | 0.0125 | 0.8637 | 12/31/2024 |
| 4 | D. E. Shaw & Co. LP | 304,355 | 288,285 | 13,044,655.3 | 0.0149 | 0.7121 | 12/31/2024 |
| 5 | AI-Squared Management Ltd. | 247,604 | 247,604 | 10,612,307.44 | 10.2943 | 0.5794 | 12/31/2024 |
| 6 | Krane Funds Advisors LLC | 1,559,646 | 220,110 | 66,846,427.56 | 0.8052 | 3.6493 | 03/31/2025 |
| 7 | UBS Securities LLC | 213,406 | 161,165 | 9,146,581.16 | 0.0046 | 0.4993 | 12/31/2024 |
| 8 | Tiger Pacific Capital LP | 680,676 | 127,829 | 29,173,773.36 | 6.7673 | 1.5927 | 12/31/2024 |
| 9 | Bright Valley Capital Ltd. | 376,000 | 119,369 | 16,115,360 | 10.9187 | 0.8798 | 12/31/2024 |
| 10 | O'Shaughnessy Asset Management LLC | 118,463 | 118,463 | 5,077,324.18 | 0.0424 | 0.2772 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Mangrove Partners IM LLC | 0 | -1,026,571 | 0 | 0 | 0 | |
| 2 | Oaktree Capital Management LP | 0 | -882,590 | 0 | 0 | 0 | |
| 3 | Yunqi Capital Ltd. | 0 | -845,702 | 0 | 0 | 0 | |
| 4 | Russell Investment Management LLC | 119,068 | -572,261 | 5,103,254.48 | 0.0065 | 0.2786 | 12/31/2024 |
| 5 | Cape Ann Asset Management Ltd. | 0 | -476,900 | 0 | 0 | 0 | |
| 6 | Capital Research & Management Co. (World Investors) | 0 | -412,500 | 0 | 0 | 0 | |
| 7 | Point72 Asset Management LP | 1,823,400 | -359,586 | 78,150,924 | 0.1928 | 4.2665 | 12/31/2024 |
| 8 | Jupiter Asset Management Ltd. | 137,100 | -239,200 | 5,876,106 | 0.0129 | 0.3208 | 12/31/2024 |
| 9 | Whitefort Capital Management, LP | 420,427 | -145,451 | 18,019,501.22 | 9.2524 | 0.9837 | 12/31/2024 |
| 10 | Canada Pension Plan Investment Board | 427,100 | -140,500 | 18,305,506 | 0.0108 | 0.9994 | 12/31/2024 |
Data provided by FactSet Research Systems Inc.