| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | OLP Capital Management Ltd. | 8,656,494 | 131,886 | 320,203,713.06 | 36.6855 | 2.5395 | 12/31/2025 |
| 2 | First Beijing Investment Ltd. | 5,811,104 | 142,282 | 214,952,736.96 | 5.3459 | 1.7048 | 12/31/2025 |
| 3 | Fidelity Management & Research Co. LLC | 4,634,245 | -67,925 | 171,420,722.55 | 0.0092 | 1.3595 | 12/31/2025 |
| 4 | WFM Asia (HK) Ltd. | 3,155,425 | 2,045,832 | 116,719,170.75 | 14.4467 | 0.9257 | 12/31/2025 |
| 5 | M&G Investment Management Ltd. | 2,810,379 | -214,903 | 103,955,919.21 | 0.1281 | 0.8245 | 12/31/2025 |
| 6 | The Vanguard Group, Inc. | 2,671,138 | 501,436 | 98,805,394.62 | 0.0013 | 0.7836 | 12/31/2025 |
| 7 | Greenwoods Investments SG Pte Ltd. | 2,290,136 | 0 | 84,712,130.64 | 2.1609 | 0.6718 | 12/31/2025 |
| 8 | Renaissance Technologies LLC | 2,178,968 | 256,600 | 80,600,026.32 | 0.1206 | 0.6392 | 12/31/2025 |
| 9 | JPMorgan Investment Management, Inc. | 1,905,664 | 1,899,213 | 70,490,511.36 | 0.0071 | 0.559 | 12/31/2025 |
| 10 | Bank of America, NA (Private Banking) | 1,571,634 | 1,191,672 | 58,134,741.66 | 0.0172 | 0.4611 | 12/31/2025 |
| 11 | BofA Securities, Inc. | 1,522,695 | 161 | 56,324,488.05 | 0.0868 | 0.4467 | 12/31/2025 |
| 12 | Acadian Asset Management LLC | 1,496,113 | -329,076 | 55,341,219.87 | 0.0758 | 0.4389 | 12/31/2025 |
| 13 | Keywise Capital Management (HK) Ltd. | 1,481,837 | 1,456,837 | 54,813,150.63 | 4.8139 | 0.4347 | 12/31/2025 |
| 14 | First Sentier Investors (Hong Kong) Ltd. | 1,386,999 | -159,223 | 51,305,093.01 | 0.341 | 0.4069 | 12/31/2025 |
| 15 | Goldman Sachs & Co. LLC (Private Banking) | 1,258,329 | -1,764,282 | 46,545,589.71 | 0.0206 | 0.3691 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Government Pension Fund - Global (The) | 7,411,612 | 3,313,258 | 274,155,527.88 | 0.0158 | 2.1743 | 12/31/2025 |
| 2 | Fidelity Growth Company Commingled Pool | 2,164,186 | 24,923 | 80,053,240.14 | 0.0704 | 0.6349 | 02/28/2026 |
| 3 | Fidelity Growth Company Fund | 1,604,333 | -9,736 | 59,344,277.67 | 0.0686 | 0.4706 | 02/28/2026 |
| 4 | First Sentier Invs. Glb. Umb. - FSSA China Growth Fund | 1,302,809 | 147,255 | 48,190,904.91 | 1.7654 | 0.3822 | 12/31/2025 |
| 5 | Vanguard Total International Stock Index Fund | 1,200,405 | 222,681 | 44,402,980.95 | 0.0071 | 0.3522 | 02/28/2026 |
| 6 | JPMorgan Emerging Markets Equity Fund | 1,157,867 | 1,157,867 | 42,829,500.33 | 0.4045 | 0.3397 | 02/28/2026 |
| 7 | Vanguard Emerging Markets Stock Index Fund | 1,152,198 | 265,782 | 42,619,804.02 | 0.0266 | 0.338 | 02/28/2026 |
| 8 | Principal Funds, Inc. - Global Emerging Markets Fund | 882,979 | -406,942 | 32,661,393.21 | 0.4402 | 0.259 | 02/28/2026 |
| 9 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 654,648 | 0 | 24,215,429.52 | 0.006 | 0.192 | 12/31/2024 |
| 10 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 604,702 | 92,083 | 22,367,926.98 | 0.0072 | 0.1774 | 02/28/2026 |
| 11 | Schroder ISF - Hong Kong Equity | 549,113 | -88,469 | 20,311,689.87 | 2.3886 | 0.1611 | 02/28/2026 |
| 12 | JPMorgan Funds - Emerging Markets Equity Fund | 540,603 | 540,603 | 19,996,904.97 | 0.4101 | 0.1586 | 02/28/2026 |
| 13 | Fidelity Growth Company K6 Fund | 441,181 | -62,787 | 16,319,285.19 | 0.0671 | 0.1294 | 02/28/2026 |
| 14 | iShares Core MSCI Emerging Markets ETF | 424,990 | 30,044 | 15,720,380.1 | 0.011 | 0.1247 | 03/31/2026 |
| 15 | Fidelity Series Growth Company Fund | 424,500 | -19,800 | 15,702,255 | 0.071 | 0.1245 | 02/28/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | WFM Asia (HK) Ltd. | 3,155,425 | 2,045,832 | 116,719,170.75 | 14.4467 | 0.9257 | 12/31/2025 |
| 2 | JPMorgan Investment Management, Inc. | 1,905,664 | 1,899,213 | 70,490,511.36 | 0.0071 | 0.559 | 12/31/2025 |
| 3 | Keywise Capital Management (HK) Ltd. | 1,481,837 | 1,456,837 | 54,813,150.63 | 4.8139 | 0.4347 | 12/31/2025 |
| 4 | Bank of America, NA (Private Banking) | 1,571,634 | 1,191,672 | 58,134,741.66 | 0.0172 | 0.4611 | 12/31/2025 |
| 5 | JPMorgan Asset Management (UK) Ltd. | 1,173,633 | 1,173,633 | 43,412,684.67 | 0.0254 | 0.3443 | 12/31/2025 |
| 6 | Broad Peak Investment Advisers Pte Ltd. | 806,000 | 806,000 | 29,813,940 | 4.5283 | 0.2364 | 12/31/2025 |
| 7 | American Century Investment Management, Inc. | 1,079,834 | 713,403 | 39,943,059.66 | 0.0145 | 0.3168 | 12/31/2025 |
| 8 | Schroder Investment Management (Hong Kong) Ltd. | 1,216,265 | 568,053 | 44,989,642.35 | 0.1514 | 0.3568 | 12/31/2025 |
| 9 | The Vanguard Group, Inc. | 2,671,138 | 501,436 | 98,805,394.62 | 0.0013 | 0.7836 | 12/31/2025 |
| 10 | Mawer Investment Management Ltd. | 479,543 | 479,543 | 17,738,295.57 | 0.0453 | 0.1407 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goldman Sachs & Co. LLC (Private Banking) | 1,258,329 | -1,764,282 | 46,545,589.71 | 0.0206 | 0.3691 | 12/31/2025 |
| 2 | JPMorgan Securities LLC (Investment Management) | 70,829 | -948,548 | 2,619,964.71 | 0.0017 | 0.0208 | 12/31/2025 |
| 3 | Principal Global Investors LLC | 815,422 | -824,041 | 30,162,459.78 | 0.0137 | 0.2392 | 12/31/2025 |
| 4 | Causeway Capital Management LLC | 0 | -611,570 | 0 | 0 | 0 | |
| 5 | Millennium Management LLC | 470,209 | -582,183 | 17,393,030.91 | 0.0124 | 0.1379 | 12/31/2025 |
| 6 | Jupiter Asset Management Ltd. | 56,934 | -528,056 | 2,105,988.66 | 0.0048 | 0.0167 | 12/31/2025 |
| 7 | Morgan Stanley & Co. LLC | 1,004,258 | -500,349 | 37,147,503.42 | 0.013 | 0.2946 | 12/31/2025 |
| 8 | BNP Paribas Financial Markets | 91 | -359,760 | 3,366.09 | 0 | 0 | 12/31/2025 |
| 9 | Acadian Asset Management LLC | 1,496,113 | -329,076 | 55,341,219.87 | 0.0758 | 0.4389 | 12/31/2025 |
| 10 | NBC Global Finance Ltd. | 0 | -315,000 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.