| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | H&H International Investment LLC | 25,022,094 | 5,273,800 | 1,939,962,947.82 | 8.3426 | 1.7626 | 06/30/2026 |
| 2 | Vanguard Capital Management LLC | 24,646,256 | 520,598 | 1,910,824,227.68 | 0.0322 | 1.7361 | 06/30/2026 |
| 3 | Invesco Capital Management LLC | 20,659,634 | 858,599 | 1,601,741,424.02 | 0.1683 | 1.4553 | 09/30/2026 |
| 4 | BlackRock Fund Advisors | 18,676,290 | -4,671,415 | 1,447,972,763.7 | 0.0268 | 1.3156 | 06/30/2026 |
| 5 | Goldman Sachs & Co. LLC (Private Banking) | 13,487,463 | 4,532,187 | 1,045,683,006.39 | 0.2752 | 0.9501 | 06/30/2026 |
| 6 | Baillie Gifford & Co. | 11,626,575 | -16,726,524 | 901,408,359.75 | 0.5891 | 0.819 | 09/30/2026 |
| 7 | Himalaya Capital Management LLC | 10,761,119 | 6,153,119 | 834,309,556.07 | 19.497 | 0.758 | 06/30/2026 |
| 8 | SSgA Funds Management, Inc. | 9,532,717 | -2,500,980 | 739,071,549.01 | 0.0209 | 0.6715 | 09/30/2026 |
| 9 | First Beijing Investment Ltd. | 9,377,416 | 1,228,254 | 727,031,062.48 | 18.2328 | 0.6605 | 06/30/2026 |
| 10 | Norges Bank Investment Management | 9,338,120 | -58,172 | 723,984,443.6 | 0.0431 | 0.6578 | 06/30/2026 |
| 11 | BlackRock Advisors (UK) Ltd. | 8,643,571 | -906,344 | 670,136,059.63 | 0.0625 | 0.6089 | 06/30/2026 |
| 12 | Sanders Capital LLC | 7,948,316 | -143,485 | 616,232,939.48 | 0.5931 | 0.5599 | 09/30/2026 |
| 13 | Vanguard Fiduciary Trust Co. | 6,658,003 | 138,198 | 516,194,972.59 | 0.0665 | 0.469 | 06/30/2026 |
| 14 | Geode Capital Management LLC | 6,558,102 | -294,825 | 508,449,648.06 | 0.0218 | 0.462 | 09/30/2026 |
| 15 | Massachusetts Financial Services Co. | 5,611,611 | 4,096,365 | 435,068,200.83 | 0.1455 | 0.3953 | 09/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Invesco QQQ Trust, Series 1 | 13,892,810 | -403,124 | 1,077,109,559.3 | 0.233 | 0.9786 | 10/30/2026 |
| 2 | Vanguard Total International Stock Index Fund | 11,408,118 | 279,442 | 884,471,388.54 | 0.1378 | 0.8036 | 09/30/2026 |
| 3 | Vanguard Emerging Markets Stock Index Fund | 10,906,024 | 379,027 | 845,544,040.72 | 0.5206 | 0.7682 | 09/30/2026 |
| 4 | iShares Core MSCI Emerging Markets ETF | 5,941,497 | -1,930,665 | 460,644,262.41 | 0.3152 | 0.4185 | 10/30/2026 |
| 5 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 5,793,669 | 164,903 | 449,183,157.57 | 0.1372 | 0.4081 | 09/30/2026 |
| 6 | KraneShares CSI China Internet ETF | 4,660,521 | -791,664 | 361,330,193.13 | 8.3891 | 0.3283 | 10/30/2026 |
| 7 | E Fund CSI Overseas China Internet 50 ETF | 4,468,264 | 964,250 | 346,424,507.92 | 7.1826 | 0.3147 | 06/30/2026 |
| 8 | Scottish Mortgage Investment Trust Plc | 3,615,045 | -453,358 | 280,274,438.85 | 1.0375 | 0.2546 | 08/31/2026 |
| 9 | Vanguard International Growth Fund | 3,307,551 | -1,183,637 | 256,434,429.03 | 0.6028 | 0.233 | 08/31/2026 |
| 10 | Invesco NASDAQ 100 ETF | 3,175,635 | 485,638 | 246,206,981.55 | 0.233 | 0.2237 | 10/30/2026 |
| 11 | Dodge & Cox International Stock Fund | 3,004,100 | 0 | 232,907,873 | 0.3661 | 0.2116 | 09/30/2026 |
| 12 | Invesco China Technology ETF | 2,737,153 | 416,847 | 212,211,472.09 | 11.7233 | 0.1928 | 10/30/2026 |
| 13 | Fidelity SAI Emerging Markets Value Index Fund | 2,163,808 | 407,328 | 167,760,034.24 | 1.4743 | 0.1524 | 07/31/2026 |
| 14 | MFS Emerging Markets Equity Fund | 2,148,282 | 1,109,121 | 166,556,303.46 | 1.7636 | 0.1513 | 09/30/2026 |
| 15 | MFS International Equity Fund | 1,909,475 | 1,909,475 | 148,041,596.75 | 0.5424 | 0.1345 | 08/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Himalaya Capital Management LLC | 10,761,119 | 6,153,119 | 834,309,556.07 | 19.497 | 0.758 | 06/30/2026 |
| 2 | H&H International Investment LLC | 25,022,094 | 5,273,800 | 1,939,962,947.82 | 8.3426 | 1.7626 | 06/30/2026 |
| 3 | Goldman Sachs & Co. LLC (Private Banking) | 13,487,463 | 4,532,187 | 1,045,683,006.39 | 0.2752 | 0.9501 | 06/30/2026 |
| 4 | Massachusetts Financial Services Co. | 5,611,611 | 4,096,365 | 435,068,200.83 | 0.1455 | 0.3953 | 09/30/2026 |
| 5 | Orbis Investment Management Ltd. | 5,353,562 | 3,609,514 | 415,061,661.86 | 0.9127 | 0.3771 | 06/30/2026 |
| 6 | Capula Investment US LP | 1,914,949 | 1,897,365 | 148,465,995.97 | 0.6594 | 0.1349 | 06/30/2026 |
| 7 | Alpine Investment Management Ltd. | 1,661,600 | 1,567,264 | 128,823,848 | 33.3063 | 0.117 | 06/30/2026 |
| 8 | First Sentier Investors (Hong Kong) Ltd. | 4,344,972 | 1,312,034 | 336,865,679.16 | 1.5898 | 0.3061 | 09/30/2026 |
| 9 | Holocene Advisors, LP | 1,260,000 | 1,260,000 | 97,687,800 | 0.2208 | 0.0888 | 06/30/2026 |
| 10 | First Beijing Investment Ltd. | 9,377,416 | 1,228,254 | 727,031,062.48 | 18.2328 | 0.6605 | 06/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 11,626,575 | -16,726,524 | 901,408,359.75 | 0.5891 | 0.819 | 09/30/2026 |
| 2 | BlackRock Fund Advisors | 18,676,290 | -4,671,415 | 1,447,972,763.7 | 0.0268 | 1.3156 | 06/30/2026 |
| 3 | HHLR Advisors Ltd. | 516,316 | -4,461,629 | 40,029,979.48 | 0.3805 | 0.0364 | 06/30/2026 |
| 4 | Fidelity Management & Research Co. LLC | 1,298,366 | -3,303,924 | 100,662,315.98 | 0.005 | 0.0915 | 09/30/2026 |
| 5 | SG Americas Securities LLC | 3,426,679 | -2,875,141 | 265,670,422.87 | 0.1572 | 0.2414 | 06/30/2026 |
| 6 | T. Rowe Price Hong Kong Ltd. | 0 | -2,558,269 | 0 | 0 | 0 | |
| 7 | SSgA Funds Management, Inc. | 9,532,717 | -2,500,980 | 739,071,549.01 | 0.0209 | 0.6715 | 09/30/2026 |
| 8 | Temasek Holdings Pte Ltd. (Investment Management) | 2,656,257 | -2,269,804 | 205,939,605.21 | 0.3841 | 0.1871 | 09/30/2026 |
| 9 | JPMorgan Asset Management (Asia Pacific) Ltd. | 279,067 | -1,680,197 | 21,636,064.51 | 0.051 | 0.0197 | 09/30/2026 |
| 10 | BNP Paribas Financial Markets SNC | 2,957,919 | -1,596,338 | 229,327,460.07 | 0.1164 | 0.2084 | 09/30/2026 |
Data provided by FactSet Research Systems Inc.