| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 28,353,099 | -2,679,224 | 2,336,011,826.61 | 1.3578 | 1.9972 | 03/31/2026 |
| 2 | Vanguard Capital Management LLC | 24,125,658 | 24,125,658 | 1,987,712,962.62 | 0.0339 | 1.6994 | 03/31/2026 |
| 3 | BlackRock Fund Advisors | 23,347,705 | 459,688 | 1,923,617,414.95 | 0.0364 | 1.6446 | 03/31/2026 |
| 4 | H&H International Investment LLC | 19,748,294 | 8,211,600 | 1,627,061,942.66 | 7.0997 | 1.3911 | 03/31/2026 |
| 5 | SSgA Funds Management, Inc. | 12,033,697 | -223,663 | 991,456,295.83 | 0.029 | 0.8477 | 03/31/2026 |
| 6 | BlackRock Advisors (UK) Ltd. | 9,549,915 | 670,388 | 786,817,496.85 | 0.0734 | 0.6727 | 03/31/2026 |
| 7 | Norges Bank Investment Management | 9,396,292 | 0 | 774,160,497.88 | 0.0441 | 0.6619 | 12/31/2025 |
| 8 | Goldman Sachs & Co. LLC (Private Banking) | 8,955,276 | 957,605 | 737,825,189.64 | 0.2264 | 0.6308 | 03/31/2026 |
| 9 | First Beijing Investment Ltd. | 8,149,162 | 1,366,207 | 671,409,457.18 | 19.2627 | 0.574 | 03/31/2026 |
| 10 | Sanders Capital LLC | 8,091,801 | -20,526 | 666,683,484.39 | 0.6338 | 0.57 | 03/31/2026 |
| 11 | Geode Capital Management LLC | 6,852,927 | 93,147 | 564,612,655.53 | 0.0249 | 0.4827 | 03/31/2026 |
| 12 | Vanguard Fiduciary Trust Co. | 6,519,805 | -140,916 | 537,166,733.95 | 0.0691 | 0.4593 | 03/31/2026 |
| 13 | SG Americas Securities LLC | 6,301,820 | 3,063,694 | 519,206,949.8 | 0.4782 | 0.4439 | 03/31/2026 |
| 14 | Invesco Capital Management LLC | 5,782,862 | 76,754 | 476,450,000.18 | 0.0957 | 0.4073 | 03/31/2026 |
| 15 | Krane Funds Advisors LLC | 5,733,184 | -664,776 | 472,357,029.76 | 6.4703 | 0.4038 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Invesco QQQ Trust, Series 1 | 14,178,223 | -808,334 | 1,168,143,792.97 | 0.2457 | 0.9987 | 06/30/2026 |
| 2 | Vanguard Total International Stock Index Fund | 11,165,938 | 53,767 | 919,961,631.82 | 0.1372 | 0.7865 | 05/31/2026 |
| 3 | Vanguard Emerging Markets Stock Index Fund | 10,540,186 | 292,348 | 868,405,924.54 | 0.5113 | 0.7425 | 05/31/2026 |
| 4 | iShares Core MSCI Emerging Markets ETF | 6,358,858 | -867,036 | 523,906,310.62 | 0.3318 | 0.4479 | 06/30/2026 |
| 5 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 5,621,090 | -135,127 | 463,121,605.1 | 0.1381 | 0.3959 | 05/31/2026 |
| 6 | KraneShares CSI China Internet ETF | 5,093,422 | -453,021 | 419,647,038.58 | 8.3012 | 0.3588 | 06/30/2026 |
| 7 | Vanguard International Growth Fund | 4,491,188 | -196,940 | 370,028,979.32 | 0.7913 | 0.3164 | 02/28/2026 |
| 8 | Scottish Mortgage Investment Trust Plc | 4,068,403 | 0 | 335,195,723.17 | 1.4737 | 0.2866 | 04/30/2026 |
| 9 | Invesco China Technology ETF | 3,787,335 | 1,527,838 | 312,038,530.65 | 9.58 | 0.2668 | 06/30/2026 |
| 10 | E Fund CSI Overseas China Internet 50 ETF | 3,504,014 | 0 | 288,695,713.46 | 7.2108 | 0.2468 | 12/31/2025 |
| 11 | Dodge & Cox International Stock Fund | 3,004,100 | 0 | 247,507,799 | 0.3637 | 0.2116 | 03/31/2026 |
| 12 | Invesco NASDAQ 100 ETF | 2,929,476 | 354,024 | 241,359,527.64 | 0.2459 | 0.2064 | 06/30/2026 |
| 13 | iShares plc - Core MSCI Emerging Markets IMI UCITS ETF | 1,829,854 | -174,018 | 150,761,671.06 | 0.3402 | 0.1289 | 06/30/2026 |
| 14 | iShares IV Plc - MSCI China Tech UCITS ETF | 1,827,478 | 488,399 | 150,565,912.42 | 6.504 | 0.1287 | 06/30/2026 |
| 15 | Vanguard FTSE All World (ex-US) Index Fund | 1,766,059 | 103,209 | 145,505,601.01 | 0.1501 | 0.1244 | 05/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Vanguard Capital Management LLC | 24,125,658 | 24,125,658 | 1,987,712,962.62 | 0.0339 | 1.6994 | 03/31/2026 |
| 2 | H&H International Investment LLC | 19,748,294 | 8,211,600 | 1,627,061,942.66 | 7.0997 | 1.3911 | 03/31/2026 |
| 3 | UBS Asset Management (Americas) LLC | 3,946,040 | 3,945,648 | 325,114,235.6 | 0.1568 | 0.278 | 03/31/2026 |
| 4 | UBS Asset Management Switzerland AG | 3,314,950 | 3,314,950 | 273,118,730.5 | 0.0697 | 0.2335 | 03/31/2026 |
| 5 | JPMorgan Securities LLC (Investment Management) | 4,027,802 | 3,201,407 | 331,850,606.78 | 0.1548 | 0.2837 | 03/31/2026 |
| 6 | SG Americas Securities LLC | 6,301,820 | 3,063,694 | 519,206,949.8 | 0.4782 | 0.4439 | 03/31/2026 |
| 7 | First Beijing Investment Ltd. | 8,149,162 | 1,366,207 | 671,409,457.18 | 19.2627 | 0.574 | 03/31/2026 |
| 8 | UBS Asset Management (UK) Ltd. | 1,322,013 | 1,322,013 | 108,920,651.07 | 0.0377 | 0.0931 | 03/31/2026 |
| 9 | E Fund Management Co., Ltd. | 4,593,053 | 1,189,332 | 378,421,636.67 | 0.2154 | 0.3235 | 03/31/2026 |
| 10 | Greenwoods Investments SG Pte Ltd. | 5,103,804 | 1,135,534 | 420,502,411.56 | 9.1527 | 0.3595 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group, Inc. | 0 | -23,730,389 | 0 | 0 | 0 | |
| 2 | HHLR Advisors Ltd. | 4,977,945 | -6,606,471 | 410,132,888.55 | 3.0931 | 0.3506 | 03/31/2026 |
| 3 | Fidelity Management & Research Co. LLC | 4,602,290 | -5,908,902 | 379,182,673.1 | 0.0187 | 0.3242 | 03/31/2026 |
| 4 | Assenagon Asset Management SA (Germany) | 2,193,918 | -4,534,991 | 180,756,904.02 | 0.2292 | 0.1545 | 03/31/2026 |
| 5 | Marshall Wace LLP | 322,585 | -4,190,079 | 26,577,778.15 | 0.0242 | 0.0227 | 03/31/2026 |
| 6 | Baillie Gifford & Co. | 28,353,099 | -2,679,224 | 2,336,011,826.61 | 1.3578 | 1.9972 | 03/31/2026 |
| 7 | Fidelity Management & Research (Hong Kong) Ltd. | 202,305 | -2,665,272 | 16,667,908.95 | 0.0926 | 0.0143 | 05/31/2026 |
| 8 | Capital Research & Management Co. (International Investors) | 2,104,051 | -2,594,604 | 173,352,761.89 | 0.031 | 0.1482 | 03/31/2026 |
| 9 | FIAM LLC | 1,497,172 | -2,226,991 | 123,352,001.08 | 0.0502 | 0.1055 | 03/31/2026 |
| 10 | UBS Securities LLC | 2,400,212 | -1,506,296 | 197,753,466.68 | 0.07 | 0.1691 | 03/31/2026 |
Data provided by FactSet Research Systems Inc.