| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Stonehill Capital Management LLC | 2,087,587 | -198,734 | 123,230,260.61 | 34.0978 | 4.8847 | 06/30/2025 |
| 2 | Acadian Asset Management LLC | 1,514,768 | -104,200 | 89,416,755.04 | 0.1471 | 3.5443 | 06/30/2025 |
| 3 | Krane Funds Advisors LLC | 1,179,094 | -380,552 | 69,601,918.82 | 0.6705 | 2.7589 | 06/30/2025 |
| 4 | Bright Valley Capital Ltd. | 985,090 | -327,751 | 58,149,862.7 | 49.2653 | 2.305 | 06/30/2025 |
| 5 | Whitefort Capital Management, LP | 914,943 | 155,500 | 54,009,085.29 | 15.1545 | 2.1408 | 06/30/2025 |
| 6 | Alpine Investment Management Ltd. | 914,153 | -85,847 | 53,962,451.59 | 21.9331 | 2.139 | 06/30/2025 |
| 7 | The Vanguard Group, Inc. | 843,008 | -11,011 | 49,762,762.24 | 0.0007 | 1.9725 | 06/30/2025 |
| 8 | Arrowstreet Capital LP | 789,504 | -89,850 | 46,604,421.12 | 0.0297 | 1.8473 | 06/30/2025 |
| 9 | Farallon Capital Management LLC | 787,906 | 7,906 | 46,510,091.18 | 0.21 | 1.8436 | 06/30/2025 |
| 10 | Causeway Capital Management LLC | 731,870 | 644,086 | 43,202,286.1 | 0.0945 | 1.7125 | 06/30/2025 |
| 11 | Morgan Stanley & Co. LLC | 688,810 | -11,987 | 40,660,454.3 | 0.0136 | 1.6117 | 06/30/2025 |
| 12 | OLP Capital Management Ltd. | 581,154 | -950,811 | 34,305,520.62 | 2.7955 | 1.3598 | 06/30/2025 |
| 13 | SSgA Funds Management, Inc. | 555,855 | 3,700 | 32,812,120.65 | 0.0011 | 1.3006 | 06/30/2025 |
| 14 | BlackRock Fund Advisors | 541,912 | 25,555 | 31,989,065.36 | 0.0007 | 1.268 | 06/30/2025 |
| 15 | Fidelity Management & Research Co. LLC | 372,320 | 0 | 21,978,049.6 | 0.0012 | 0.8712 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 1,329,079 | -126,619 | 78,455,533.37 | 0.8475 | 3.1099 | 09/30/2025 |
| 2 | Vanguard Total International Stock Index Fund | 389,248 | -17,735 | 22,977,309.44 | 0.0041 | 0.9108 | 09/30/2025 |
| 3 | Vanguard Emerging Markets Stock Index Fund | 356,811 | -7,266 | 21,062,553.33 | 0.0146 | 0.8349 | 09/30/2025 |
| 4 | CREF Stock Account | 284,800 | 31,900 | 16,811,744 | 0.0122 | 0.6664 | 08/31/2025 |
| 5 | iShares Core MSCI Emerging Markets ETF | 283,886 | 19,105 | 16,757,790.58 | 0.0148 | 0.6643 | 09/30/2025 |
| 6 | Jupiter Asset Mgmt. Series Plc - Global Eq. Abs. Ret. Fd. | 283,100 | 0 | 16,711,393 | 0.5564 | 0.6624 | 03/31/2025 |
| 7 | Invesco China Technology ETF | 266,625 | 69,610 | 15,738,873.75 | 0.6273 | 0.6239 | 09/30/2025 |
| 8 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 250,424 | 0 | 14,782,528.72 | 0.0035 | 0.586 | 12/31/2023 |
| 9 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 202,213 | -7,729 | 11,936,633.39 | 0.0042 | 0.4731 | 08/31/2025 |
| 10 | Fidelity Low Priced Stock Fund | 189,654 | -1,808 | 11,195,275.62 | 0.0477 | 0.4438 | 07/31/2025 |
| 11 | BOCOM Schroder CSI Overseas China Internet Index Fund | 183,152 | -51,621 | 10,811,462.56 | 0.8318 | 0.4285 | 06/30/2025 |
| 12 | SPDR S&P Kensho New Economies Composite ETF | 164,799 | 43,222 | 9,728,084.97 | 0.3648 | 0.3856 | 09/30/2025 |
| 13 | JNL Multi Manager International Small Cap Fund | 141,992 | 104,692 | 8,381,787.76 | 1.1749 | 0.3322 | 06/30/2025 |
| 14 | Nuveen Quant International Small Cap Equity Fund | 139,300 | -11,000 | 8,222,879 | 0.6116 | 0.3259 | 08/31/2025 |
| 15 | Causeway Emerging Markets Fund | 119,700 | 119,700 | 7,065,891 | 0.267 | 0.2801 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Causeway Capital Management LLC | 731,870 | 644,086 | 43,202,286.1 | 0.0945 | 1.7125 | 06/30/2025 |
| 2 | Invesco Hong Kong Ltd. | 322,657 | 322,657 | 19,046,442.71 | 0.4555 | 0.755 | 06/30/2025 |
| 3 | Nan Fung Trinity (HK) Ltd. | 277,700 | 277,700 | 16,392,631 | 1.7694 | 0.6498 | 06/30/2025 |
| 4 | Point72 Asset Management LP | 224,854 | 224,854 | 13,273,131.62 | 0.0248 | 0.5261 | 06/30/2025 |
| 5 | MY.Alpha Management (HK) Advisors Ltd. | 351,957 | 224,530 | 20,776,021.71 | 14.6672 | 0.8235 | 06/30/2025 |
| 6 | Connor, Clark & Lunn Investment Management Ltd. | 296,334 | 160,676 | 17,492,596.02 | 0.0499 | 0.6934 | 06/30/2025 |
| 7 | Whitefort Capital Management, LP | 914,943 | 155,500 | 54,009,085.29 | 15.1545 | 2.1408 | 06/30/2025 |
| 8 | Goldman Sachs & Co. LLC (Private Banking) | 283,390 | 115,722 | 16,728,511.7 | 0.0067 | 0.6631 | 06/30/2025 |
| 9 | LMR Partners LLP | 92,994 | 92,994 | 5,489,435.82 | 0.0819 | 0.2176 | 06/30/2025 |
| 10 | JPMorgan Securities LLC (Investment Management) | 108,755 | 87,641 | 6,419,807.65 | 0.0032 | 0.2545 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | OLP Capital Management Ltd. | 581,154 | -950,811 | 34,305,520.62 | 2.7955 | 1.3598 | 06/30/2025 |
| 2 | Eastspring Investments (Singapore) Ltd. | 250,750 | -740,291 | 14,801,772.5 | 0.0501 | 0.5867 | 06/30/2025 |
| 3 | Tiger Pacific Capital LP | 0 | -552,114 | 0 | 0 | 0 | |
| 4 | Krane Funds Advisors LLC | 1,179,094 | -380,552 | 69,601,918.82 | 0.6705 | 2.7589 | 06/30/2025 |
| 5 | Bright Valley Capital Ltd. | 985,090 | -327,751 | 58,149,862.7 | 49.2653 | 2.305 | 06/30/2025 |
| 6 | UBS Securities LLC | 173,420 | -261,748 | 10,236,982.6 | 0.0042 | 0.4058 | 06/30/2025 |
| 7 | Stonehill Capital Management LLC | 2,087,587 | -198,734 | 123,230,260.61 | 34.0978 | 4.8847 | 06/30/2025 |
| 8 | Voloridge Investment Management LLC | 0 | -189,722 | 0 | 0 | 0 | |
| 9 | AI-Squared Management Ltd. | 0 | -187,700 | 0 | 0 | 0 | |
| 10 | Canada Pension Plan Investment Board | 370,304 | -157,969 | 21,859,045.12 | 0.0106 | 0.8665 | 06/30/2025 |
Data provided by FactSet Research Systems Inc.