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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | NOAH HLDGS LTD | $66.5M | 6717351 | 28.83% |
| 2 | NEW ORIENTAL ED & TECHNOLOGY | $21.3M | 376551 | 9.24% |
| 3 | JD.COM INC | $17.4M | 587513 | 7.53% |
| 4 | BILIBILI INC | $16.7M | 739915 | 7.24% |
| 5 | H WORLD GROUP LTD | $16.3M | 323371 | 7.05% |
| 6 | ATRENEW INC | $14.8M | 3163117 | 6.43% |
| 7 | HINGE HEALTH INC | $11.4M | 296853 | 4.96% |
| 8 | TAL ED GROUP | $8.6M | 759240 | 3.74% |
| 9 | BILL HOLDINGS INC | $8.5M | 222820 | 3.70% |
| 10 | SILVACO GROUP INC | $7.8M | 1096282 | 3.36% |
| 11 | PONY AI INC | $6.2M | 653215 | 2.67% |
| 12 | KYMERA THERAPEUTICS INC | $6.1M | 73440 | 2.65% |
| 13 | JOYY INC | $5.0M | 85583 | 2.17% |
| 14 | TRIP COM GROUP LTD | $4.4M | 88112 | 1.90% |
| 15 | FULL TRUCK ALLIANCE CO LTD | $4.3M | 513248 | 1.85% |
| 16 | VIRIDIAN THERAPEUTICS INC | $4.1M | 208735 | 1.77% |
| 17 | DBV TECHNOLOGIES S A | $3.6M | 170142 | 1.54% |
| 18 | AGORA INC | $2.6M | 725795 | 1.11% |
| 19 | YATSEN HLDG LTD | $2.5M | 797866 | 1.07% |
| 20 | ZEPP HEALTH CORPORATION | $690K | 57731 | 0.30% |
| 21 | PASSAGE BIO INC | $676K | 86097 | 0.29% |
| 22 | CELLEBRITE DI LTD | $634K | 46000 | 0.27% |
| 23 | BEAM THERAPEUTICS INC | $503K | 21126 | 0.22% |
| 24 | TUNIU CORP | $242K | 314437 | 0.10% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.