| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 26,594,535 | -4,437,788 | 2,312,128,872.9 | 1.3177 | 1.8733 | 06/30/2026 |
| 2 | H&H International Investment LLC | 25,022,094 | 13,485,400 | 2,175,420,852.36 | 10.2289 | 1.7626 | 06/30/2026 |
| 3 | Vanguard Capital Management LLC | 24,646,256 | 24,646,256 | 2,142,745,496.64 | 0.0351 | 1.7361 | 06/30/2026 |
| 4 | Invesco Capital Management LLC | 21,695,544 | 15,989,436 | 1,886,210,595.36 | 0.1854 | 1.5282 | 06/30/2026 |
| 5 | BlackRock Fund Advisors | 18,676,290 | -4,211,727 | 1,623,716,652.6 | 0.0293 | 1.3156 | 06/30/2026 |
| 6 | Goldman Sachs & Co. LLC (Private Banking) | 15,087,163 | 7,089,492 | 1,311,677,951.22 | 0.2256 | 1.0627 | 06/30/2026 |
| 7 | Himalaya Capital Management LLC | 10,761,119 | 6,153,119 | 935,571,685.86 | 21.3192 | 0.758 | 06/30/2026 |
| 8 | SSgA Funds Management, Inc. | 10,303,417 | -1,953,943 | 895,779,073.98 | 0.0248 | 0.7258 | 06/30/2026 |
| 9 | First Beijing Investment Ltd. | 9,377,416 | 2,594,461 | 815,272,547.04 | 18.8042 | 0.6605 | 06/30/2026 |
| 10 | Norges Bank Investment Management | 9,338,120 | -58,172 | 811,856,152.8 | 0.0458 | 0.6578 | 06/30/2026 |
| 11 | BlackRock Advisors (UK) Ltd. | 8,643,571 | -235,956 | 751,472,062.74 | 0.0674 | 0.6089 | 06/30/2026 |
| 12 | Sanders Capital LLC | 7,936,717 | -175,610 | 690,018,175.98 | 0.65 | 0.5591 | 06/30/2026 |
| 13 | Vanguard Fiduciary Trust Co. | 6,658,003 | -2,718 | 578,846,780.82 | 0.0753 | 0.469 | 06/30/2026 |
| 14 | Geode Capital Management LLC | 6,639,259 | -120,521 | 577,217,177.46 | 0.0244 | 0.4677 | 06/30/2026 |
| 15 | Krane Funds Advisors LLC | 5,780,324 | -617,636 | 502,541,368.56 | 6.1575 | 0.4072 | 06/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Invesco QQQ Trust, Series 1 | 13,831,494 | -718,933 | 1,202,510,088.36 | 0.2503 | 0.9743 | 07/31/2026 |
| 2 | Vanguard Total International Stock Index Fund | 11,327,713 | 205,358 | 984,831,368.22 | 0.1442 | 0.7979 | 06/30/2026 |
| 3 | Vanguard Emerging Markets Stock Index Fund | 10,714,272 | 331,584 | 931,498,807.68 | 0.5422 | 0.7547 | 06/30/2026 |
| 4 | iShares Core MSCI Emerging Markets ETF | 6,448,212 | -1,306,091 | 560,607,551.28 | 0.3532 | 0.4542 | 07/31/2026 |
| 5 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 5,710,771 | 39,074 | 496,494,430.74 | 0.1588 | 0.4023 | 06/30/2026 |
| 6 | KraneShares CSI China Internet ETF | 5,051,663 | -719,420 | 439,191,581.22 | 8.2145 | 0.3558 | 07/31/2026 |
| 7 | Scottish Mortgage Investment Trust Plc | 4,068,403 | 0 | 353,706,956.82 | 1.4275 | 0.2866 | 06/30/2026 |
| 8 | Invesco China Technology ETF | 3,832,224 | 1,474,497 | 333,173,554.56 | 10.5588 | 0.2699 | 07/31/2026 |
| 9 | Vanguard International Growth Fund | 3,509,988 | -1,178,140 | 305,158,356.72 | 0.6541 | 0.2472 | 05/31/2026 |
| 10 | E Fund CSI Overseas China Internet 50 ETF | 3,504,014 | 0 | 304,638,977.16 | 6.8522 | 0.2468 | 12/31/2025 |
| 11 | Dodge & Cox International Stock Fund | 3,004,100 | 0 | 261,176,454 | 0.3836 | 0.2116 | 06/30/2026 |
| 12 | Invesco NASDAQ 100 ETF | 2,964,824 | 373,354 | 257,761,798.56 | 0.2502 | 0.2088 | 07/31/2026 |
| 13 | iShares plc - Core MSCI EM IMI UCITS ETF | 1,880,626 | -195,274 | 163,501,624.44 | 0.3594 | 0.1325 | 07/31/2026 |
| 14 | Vanguard FTSE All World (ex-US) Index Fund | 1,805,052 | 111,424 | 156,931,220.88 | 0.1591 | 0.1271 | 06/30/2026 |
| 15 | iShares IV Plc - MSCI China Tech UCITS ETF | 1,761,540 | 370,492 | 153,148,287.6 | 6.8653 | 0.1241 | 07/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Vanguard Capital Management LLC | 24,646,256 | 24,646,256 | 2,142,745,496.64 | 0.0351 | 1.7361 | 06/30/2026 |
| 2 | Invesco Capital Management LLC | 21,695,544 | 15,989,436 | 1,886,210,595.36 | 0.1854 | 1.5282 | 06/30/2026 |
| 3 | H&H International Investment LLC | 25,022,094 | 13,485,400 | 2,175,420,852.36 | 10.2289 | 1.7626 | 06/30/2026 |
| 4 | Goldman Sachs & Co. LLC (Private Banking) | 15,087,163 | 7,089,492 | 1,311,677,951.22 | 0.2256 | 1.0627 | 06/30/2026 |
| 5 | Himalaya Capital Management LLC | 10,761,119 | 6,153,119 | 935,571,685.86 | 21.3192 | 0.758 | 06/30/2026 |
| 6 | Jane Street Capital LLC | 4,794,185 | 4,739,119 | 416,806,443.9 | 0.2382 | 0.3377 | 06/30/2026 |
| 7 | Orbis Investment Management Ltd. | 5,353,562 | 4,185,235 | 465,438,680.28 | 1.011 | 0.3771 | 06/30/2026 |
| 8 | UBS Asset Management (Americas) LLC | 3,964,437 | 3,964,045 | 344,668,152.78 | 0.1633 | 0.2793 | 06/30/2026 |
| 9 | UBS Asset Management Switzerland AG | 2,999,826 | 2,999,826 | 260,804,872.44 | 0.0668 | 0.2113 | 06/30/2026 |
| 10 | JPMorgan Securities LLC (Investment Management) | 3,790,821 | 2,964,426 | 329,573,977.74 | 0.1492 | 0.267 | 06/30/2026 |
| # | 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. | 516,316 | -11,068,100 | 44,888,513.04 | 0.3758 | 0.0364 | 06/30/2026 |
| 3 | Fidelity Management & Research Co. LLC | 1,380,863 | -9,130,329 | 120,052,229.22 | 0.0057 | 0.0973 | 06/30/2026 |
| 4 | Assenagon Asset Management SA (Germany) | 0 | -6,728,909 | 0 | 0 | 0 | |
| 5 | Baillie Gifford & Co. | 26,594,535 | -4,437,788 | 2,312,128,872.9 | 1.3177 | 1.8733 | 06/30/2026 |
| 6 | BlackRock Fund Advisors | 18,676,290 | -4,211,727 | 1,623,716,652.6 | 0.0293 | 1.3156 | 06/30/2026 |
| 7 | Marshall Wace LLP | 759,453 | -3,753,211 | 66,026,843.82 | 0.0537 | 0.0535 | 06/30/2026 |
| 8 | FIAM LLC | 10,006 | -3,714,157 | 869,921.64 | 0.0003 | 0.0007 | 06/30/2026 |
| 9 | T. Rowe Price Hong Kong Ltd. | 0 | -2,237,086 | 0 | 0 | 0 | |
| 10 | SSgA Funds Management, Inc. | 10,303,417 | -1,953,943 | 895,779,073.98 | 0.0248 | 0.7258 | 06/30/2026 |
Data provided by FactSet Research Systems Inc.