| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | First Beijing Investment Ltd. | 90,000,895 | 13,384,327 | 837,908,332.45 | 23.0575 | 9.6515 | 03/31/2026 |
| 2 | Invesco Asset Management Ltd. | 44,986,874 | 3,563,248 | 418,827,796.94 | 0.4255 | 4.8243 | 03/31/2026 |
| 3 | Greenwoods Investments SG Pte Ltd. | 40,957,519 | 12,359,640 | 381,314,501.89 | 8.7443 | 4.3922 | 03/31/2026 |
| 4 | Davis Selected Advisers LP | 28,763,191 | 11,225,667 | 267,785,308.21 | 0.997 | 3.0845 | 03/31/2026 |
| 5 | Krane Funds Advisors LLC | 28,600,929 | -3,499,807 | 266,274,648.99 | 3.4984 | 3.0671 | 03/31/2026 |
| 6 | Vanguard Capital Management LLC | 23,890,042 | 23,890,042 | 222,416,291.02 | 0.0038 | 2.5619 | 03/31/2026 |
| 7 | All-Stars Investment Ltd. | 22,095,164 | -591,446 | 205,705,976.84 | 90.3407 | 2.3694 | 03/31/2026 |
| 8 | Schroder Investment Management Ltd. | 20,822,291 | -7,134,984 | 193,855,529.21 | 0.0735 | 2.2329 | 03/31/2026 |
| 9 | FIL Investments International | 19,355,058 | -4,536,821 | 180,195,589.98 | 0.1168 | 2.0756 | 03/31/2026 |
| 10 | First Sentier Investors (Hong Kong) Ltd. | 19,310,916 | 1,685,299 | 179,784,627.96 | 0.8287 | 2.0709 | 03/31/2026 |
| 11 | FIL Investment Management (Hong Kong) Ltd. | 17,746,678 | 3,348,998 | 165,221,572.18 | 0.7415 | 1.9031 | 03/31/2026 |
| 12 | FIL Investment Management (Singapore) Ltd. | 15,873,416 | 1,549,889 | 147,781,502.96 | 1.2277 | 1.7022 | 03/31/2026 |
| 13 | WFM Asia (HK) Ltd. | 14,650,662 | 0 | 136,397,663.22 | 15.6682 | 1.5711 | 03/31/2026 |
| 14 | Invesco Advisers, Inc. | 14,518,821 | -1,709,394 | 135,170,223.51 | 0.054 | 1.557 | 03/31/2026 |
| 15 | OLP Capital Management Ltd. | 13,767,769 | -1,240,082 | 128,177,929.39 | 13.5207 | 1.4764 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Government Pension Fund - Global (The) | 38,337,235 | 0 | 356,919,657.85 | 0.0195 | 4.1112 | 12/31/2025 |
| 2 | KraneShares CSI China Internet ETF | 25,104,993 | -2,920,053 | 233,727,484.83 | 4.3286 | 2.6922 | 06/30/2026 |
| 3 | Invesco Developing Markets Fund | 12,472,867 | 862,137 | 116,122,391.77 | 1.3156 | 1.3376 | 05/31/2026 |
| 4 | Vanguard Total International Stock Index Fund | 10,517,078 | -1,174,452 | 97,913,996.18 | 0.0149 | 1.1278 | 06/30/2026 |
| 5 | Vanguard Emerging Markets Stock Index Fund | 9,875,742 | -868,848 | 91,943,158.02 | 0.0552 | 1.059 | 06/30/2026 |
| 6 | Invesco Funds - Asian Equity Fund | 9,309,934 | 1,704,856 | 86,675,485.54 | 2.3849 | 0.9984 | 06/30/2026 |
| 7 | Fidelity Funds SICAV - Global Technology Fund | 8,264,177 | -613 | 76,939,487.87 | 0.2212 | 0.8862 | 05/31/2026 |
| 8 | iShares Core MSCI Emerging Markets ETF | 8,124,743 | 8,124,743 | 75,641,357.33 | 0.0502 | 0.8713 | 06/30/2026 |
| 9 | Invesco Far Eastern Invt. Ser. - Asian Fund (UK) | 6,830,229 | 1,444,181 | 63,589,431.99 | 1.6878 | 0.7325 | 06/30/2026 |
| 10 | Fidelity Funds SICAV - China Consumer Funds | 6,567,656 | 323,600 | 61,144,877.36 | 2.5495 | 0.7043 | 05/31/2026 |
| 11 | Schroder ISF - Asian Opportunities | 6,334,904 | 2,527,359 | 58,977,956.24 | 0.8601 | 0.6793 | 05/31/2026 |
| 12 | Davis Global Fund | 6,071,470 | 2,651,560 | 56,525,385.7 | 6.4511 | 0.6511 | 04/30/2026 |
| 13 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 5,357,952 | -689,607 | 49,882,533.12 | 0.0152 | 0.5746 | 05/31/2026 |
| 14 | JPMorgan Emerging Markets Equity Fund | 5,201,647 | -1,243,748 | 48,427,333.57 | 0.4379 | 0.5578 | 05/31/2026 |
| 15 | First Sentier Invs. Glb. Umb. - FSSA China Growth Fund | 4,909,926 | -579,689 | 45,711,411.06 | 1.7875 | 0.5265 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Vanguard Capital Management LLC | 23,890,042 | 23,890,042 | 222,416,291.02 | 0.0038 | 2.5619 | 03/31/2026 |
| 2 | First Beijing Investment Ltd. | 90,000,895 | 13,384,327 | 837,908,332.45 | 23.0575 | 9.6515 | 03/31/2026 |
| 3 | Greenwoods Investments SG Pte Ltd. | 40,957,519 | 12,359,640 | 381,314,501.89 | 8.7443 | 4.3922 | 03/31/2026 |
| 4 | Davis Selected Advisers LP | 28,763,191 | 11,225,667 | 267,785,308.21 | 0.997 | 3.0845 | 03/31/2026 |
| 5 | D. E. Shaw & Co. LP | 11,240,095 | 10,232,635 | 104,645,284.45 | 0.0725 | 1.2054 | 03/31/2026 |
| 6 | Qube Research & Technologies Ltd. | 7,473,371 | 7,205,686 | 69,577,084.01 | 0.0889 | 0.8014 | 03/31/2026 |
| 7 | Brilliance Asset Management Ltd. (China) | 6,522,380 | 6,522,380 | 60,723,357.8 | 15.304 | 0.6994 | 03/31/2026 |
| 8 | JPMorgan Securities LLC (Investment Management) | 8,314,930 | 5,996,534 | 77,411,998.3 | 0.0365 | 0.8917 | 03/31/2026 |
| 9 | Marshall Wace LLP | 7,964,011 | 5,882,512 | 74,144,942.41 | 0.069 | 0.854 | 03/31/2026 |
| 10 | Voloridge Investment Management LLC | 4,716,438 | 4,716,438 | 43,910,037.78 | 0.1568 | 0.5058 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group, Inc. | 0 | -24,945,308 | 0 | 0 | 0 | |
| 2 | Kontiki Capital Management (HK) Ltd. | 0 | -20,380,969 | 0 | 0 | 0 | |
| 3 | Capital Research & Management Co. (International Investors) | 0 | -16,533,004 | 0 | 0 | 0 | |
| 4 | Fidelity Management & Research Co. LLC | 4,764 | -14,155,082 | 44,352.84 | 0 | 0.0005 | 03/31/2026 |
| 5 | Schroder Investment Management Ltd. | 20,822,291 | -7,134,984 | 193,855,529.21 | 0.0735 | 2.2329 | 03/31/2026 |
| 6 | FIAM LLC | 0 | -6,796,717 | 0 | 0 | 0 | |
| 7 | Wellington Management Co. LLP | 1,530,382 | -5,879,302 | 14,247,856.42 | 0.0023 | 0.1641 | 03/31/2026 |
| 8 | Alkeon Capital Management LLC | 8,898,535 | -5,300,000 | 82,845,360.85 | 0.301 | 0.9543 | 03/31/2026 |
| 9 | Morgan Stanley Investment Management, Inc. | 5,854,632 | -4,898,086 | 54,506,623.92 | 0.0566 | 0.6278 | 03/31/2026 |
| 10 | FIL Investments International | 19,355,058 | -4,536,821 | 180,195,589.98 | 0.1168 | 2.0756 | 03/31/2026 |
Data provided by FactSet Research Systems Inc.