| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Acadian Asset Management LLC | 1,468,574 | -46,194 | 90,684,444.5 | 0.1237 | 4.1914 | 12/31/2025 |
| 2 | Krane Funds Advisors LLC | 1,320,319 | 141,225 | 81,529,698.25 | 0.8375 | 3.7683 | 12/31/2025 |
| 3 | Stonehill Capital Management LLC | 1,103,571 | -984,016 | 68,145,509.25 | 18.1445 | 3.1497 | 12/31/2025 |
| 4 | Arrowstreet Capital LP | 838,362 | 48,858 | 51,768,853.5 | 0.0274 | 2.3928 | 12/31/2025 |
| 5 | The Vanguard Group, Inc. | 832,452 | -10,556 | 51,403,911 | 0.0007 | 2.3759 | 12/31/2025 |
| 6 | Causeway Capital Management LLC | 812,601 | 80,731 | 50,178,111.75 | 0.0934 | 2.3192 | 12/31/2025 |
| 7 | Morgan Stanley & Co. LLC | 653,551 | -35,259 | 40,356,774.25 | 0.0141 | 1.8653 | 12/31/2025 |
| 8 | Point72 Asset Management LP | 647,635 | 422,781 | 39,991,461.25 | 0.0599 | 1.8484 | 12/31/2025 |
| 9 | Farallon Capital Management LLC | 578,200 | -209,706 | 35,703,850 | 0.2077 | 1.6502 | 12/31/2025 |
| 10 | BlackRock Fund Advisors | 559,637 | 17,725 | 34,557,584.75 | 0.0007 | 1.5973 | 12/31/2025 |
| 11 | LSV Asset Management | 558,011 | 208,712 | 34,457,179.25 | 0.0543 | 1.5926 | 12/31/2025 |
| 12 | Alpine Investment Management Ltd. | 496,300 | -417,853 | 30,646,525 | 13.1089 | 1.4165 | 12/31/2025 |
| 13 | Whitefort Capital Management, LP | 404,944 | -509,999 | 25,005,292 | 6.997 | 1.1557 | 12/31/2025 |
| 14 | SSgA Funds Management, Inc. | 392,001 | -163,854 | 24,206,061.75 | 0.0008 | 1.1188 | 12/31/2025 |
| 15 | Ariose Capital Management Ltd. | 379,837 | 302,000 | 23,454,934.75 | 7.822 | 1.0841 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 1,194,576 | -40,941 | 73,765,068 | 0.9516 | 3.4094 | 01/30/2026 |
| 2 | Vanguard Total International Stock Index Fund | 389,248 | 0 | 24,036,064 | 0.0037 | 1.1109 | 01/31/2026 |
| 3 | Vanguard Emerging Markets Stock Index Fund | 371,095 | -5,440 | 22,915,116.25 | 0.0142 | 1.0591 | 01/31/2026 |
| 4 | iShares Core MSCI Emerging Markets ETF | 319,028 | 41,404 | 19,699,979 | 0.0135 | 0.9105 | 01/30/2026 |
| 5 | Invesco China Technology ETF | 306,693 | 129,890 | 18,938,292.75 | 0.6356 | 0.8753 | 01/30/2026 |
| 6 | CREF Total Global Stock Account | 294,425 | 10,925 | 18,180,743.75 | 0.0129 | 0.8403 | 12/31/2025 |
| 7 | Jupiter Asset Mgmt. Series Plc - Global Eq. Abs. Ret. Fd. | 289,000 | 0 | 17,845,750 | 0.3492 | 0.8248 | 10/31/2025 |
| 8 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 202,213 | 0 | 12,486,652.75 | 0.0038 | 0.5771 | 12/31/2025 |
| 9 | BOCOM Schroder CSI Overseas China Internet Index Fund | 183,152 | 0 | 11,309,636 | 0.9913 | 0.5227 | 06/30/2025 |
| 10 | Causeway Emerging Markets Fund | 153,646 | 33,946 | 9,487,640.5 | 0.267 | 0.4385 | 12/31/2025 |
| 11 | Nuveen Quant International Small Cap Equity Fund | 142,000 | 2,700 | 8,768,500 | 0.5777 | 0.4053 | 12/31/2025 |
| 12 | First Trust NASDAQ Technology Dividend Index Fund | 141,929 | 141,929 | 8,764,115.75 | 0.2336 | 0.4051 | 01/30/2026 |
| 13 | KraneShares ICAV - CSI China Internet UCITS ETF | 131,176 | 25,024 | 8,100,118 | 0.9252 | 0.3744 | 01/30/2026 |
| 14 | Fidelity SAI Emerging Markets Value Index Fund | 125,634 | 125,634 | 7,757,899.5 | 0.0709 | 0.3586 | 10/31/2025 |
| 15 | JNL Multi Manager International Small Cap Fund | 114,804 | -27,188 | 7,089,147 | 0.9196 | 0.3277 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Point72 Asset Management LP | 647,635 | 422,781 | 39,991,461.25 | 0.0599 | 1.8484 | 12/31/2025 |
| 2 | Ariose Capital Management Ltd. | 379,837 | 302,000 | 23,454,934.75 | 7.822 | 1.0841 | 12/31/2025 |
| 3 | Tiger Pacific Capital LP | 294,141 | 294,141 | 18,163,206.75 | 5.0361 | 0.8395 | 12/31/2025 |
| 4 | Healthcare of Ontario Pension Plan | 251,600 | 251,600 | 15,536,300 | 0.0253 | 0.7181 | 12/31/2025 |
| 5 | Capitolis Liquid Global Markets LLC | 240,600 | 240,600 | 14,857,050 | 0.0894 | 0.6867 | 12/31/2025 |
| 6 | Qube Research & Technologies Ltd. | 286,696 | 228,356 | 17,703,478 | 0.0246 | 0.8183 | 12/31/2025 |
| 7 | LSV Asset Management | 558,011 | 208,712 | 34,457,179.25 | 0.0543 | 1.5926 | 12/31/2025 |
| 8 | Broad Peak Investment Advisers Pte Ltd. | 159,700 | 159,700 | 9,861,475 | 1.6801 | 0.4558 | 12/31/2025 |
| 9 | First Trust Advisors LP | 143,093 | 143,093 | 8,835,992.75 | 0.0057 | 0.4084 | 12/31/2025 |
| 10 | Krane Funds Advisors LLC | 1,320,319 | 141,225 | 81,529,698.25 | 0.8375 | 3.7683 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Stonehill Capital Management LLC | 1,103,571 | -984,016 | 68,145,509.25 | 18.1445 | 3.1497 | 12/31/2025 |
| 2 | Bright Valley Capital Ltd. | 338,700 | -646,390 | 20,914,725 | 13.8744 | 0.9667 | 12/31/2025 |
| 3 | Whitefort Capital Management, LP | 404,944 | -509,999 | 25,005,292 | 6.997 | 1.1557 | 12/31/2025 |
| 4 | Alpine Investment Management Ltd. | 496,300 | -417,853 | 30,646,525 | 13.1089 | 1.4165 | 12/31/2025 |
| 5 | OLP Capital Management Ltd. | 170,866 | -410,288 | 10,550,975.5 | 1.1132 | 0.4877 | 12/31/2025 |
| 6 | Canada Pension Plan Investment Board | 0 | -370,304 | 0 | 0 | 0 | |
| 7 | Fidelity Management & Research Co. LLC | 7,502 | -364,818 | 463,248.5 | 0 | 0.0214 | 12/31/2025 |
| 8 | Invesco Hong Kong Ltd. | 111,414 | -211,243 | 6,879,814.5 | 0.1995 | 0.318 | 12/31/2025 |
| 9 | Farallon Capital Management LLC | 578,200 | -209,706 | 35,703,850 | 0.2077 | 1.6502 | 12/31/2025 |
| 10 | SSgA Funds Management, Inc. | 392,001 | -163,854 | 24,206,061.75 | 0.0008 | 1.1188 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.