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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | STATE STR SPDR S&P 500 ETF TPUT | $195.1M | 300000 | 47.64% |
| 2 | TAL ED GROUP | $90.7M | 7977772 | 22.15% |
| 3 | COUPANG INC | $36.0M | 1905440 | 8.78% |
| 4 | PDD HOLDINGS INC | $27.7M | 271524 | 6.77% |
| 5 | NOAH HLDGS LTD | $18.6M | 1880865 | 4.55% |
| 6 | QFIN HOLDINGS INC | $12.3M | 954921 | 3.01% |
| 7 | ATRENEW INC | $9.7M | 2069435 | 2.37% |
| 8 | HELLO GROUP INC | $6.7M | 1169394 | 1.64% |
| 9 | VNET GROUP INC | $6.4M | 766225 | 1.57% |
| 10 | MAKEMYTRIP LIMITED MAURITIUS | $6.2M | 166051 | 1.51% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.