CIK 1629869
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Software & IT Services | 39.76% | 5 |
| Commercial Services & Supplies | 27.38% | 1 |
| Semiconductors & Semiconductor Equipment | 16.13% | 3 |
| Machinery | 8.25% | 1 |
| Software | 6.77% | 1 |
| Construction Materials | 1.21% | 1 |
| Unclassified | 0.33% | 2 |
| Banks | 0.13% | 1 |
| Specialty Retail | 0.04% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | BABA | Alibaba Group Holding Ltd | Industrials | 27.38% |
| 2 | PAGS | PagSeguro Digital Ltd. | Information Technology | 13.80% |
| 3 | STNE | STONECO LTD CLASS A | Information Technology | 12.42% |
| 4 | DQ | DAQO NEW ENERGY CORP. | Information Technology | 9.44% |
| 5 | BIDU | Baidu, Inc. | Information Technology | 8.33% |
| 6 | ACMR | ACM Research, Inc. | Industrials | 8.25% |
| 7 | YMM | Full Truck Alliance Co. Ltd. | Information Technology | 6.77% |
| 8 | CSIQ | Canadian Solar Inc. | Information Technology | 6.65% |
| 9 | ATHM | Autohome Inc. | Information Technology | 5.18% |
| 10 | GAU | Galiano Gold Inc. | Materials | 1.21% |
14/16 names classified · sector 99.7% of weight · industry 99.7% · mkt cap 23.3%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 99.7% of the book is sector-classified (unclassified names shown, never dropped).
Only 8% of book weight classified — the grid is NOT representative of the whole book.
Classified: 8.3% of book weight (1/16 names) · unclassified 91.7%: BABA, PAGS, STNE, DQ, BIDU, YMM, CSIQ, ATHM, GAU, ASHR +5 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | BABAALIBABA GROUP HLDG LTD | 862,604 | $106M | 27.4% | TRIM −38% |
| 2 | PAGSPAGSEGURO DIGITAL LTD | 5,004,811 | $53M | 13.8% | ADD 12% |
| 3 | STNESTONECO LTD | 3,354,763 | $48M | 12.4% | HOLD |
| 4 | DQDAQO NEW ENERGY CORP | 1,742,664 | $36M | 9.4% | ADD 19% |
| 5 | BIDUBAIDU INC | 288,440 | $32M | 8.3% | TRIM −30% |
| 6 | ACMRACM RESH INC | 763,318 | $32M | 8.3% | NEW |
| 7 | YMMFULL TRUCK ALLIANCE CO LTD | 3,152,833 | $26M | 6.8% | HOLD |
| 8 | CSIQCANADIAN SOLAR INC | 2,001,869 | $26M | 6.6% | HOLD |
| 9 | ATHMAUTOHOME INC | 1,142,966 | $20M | 5.2% | HOLD |
| 10 | GAUGALIANO GOLD INC | 1,847,117 | $5M | 1.2% | HOLD |
| 11 | ASHRDBX ETF TR XTRACK HRVST CSI | 23,183 | $749,000 | 0.2% | HOLD |
| 12 | KWEBKRANESHARES TRUST CSI CHI INTERNET | 19,226 | $541,000 | 0.1% | HOLD |
| 13 | CANCANAAN INC | 1,194,556 | $495,000 | 0.1% | HOLD |
| 14 | MXMAGNACHIP SEMICONDUCTOR CORP | 57,011 | $164,000 | 0.0% | TRIM −83% |
| 15 | BZUNBAOZUN INC | 60,222 | $153,000 | 0.0% | HOLD |
| 16 | DOYUDOUYU INTL HLDGS LTD | 12,198 | $59,000 | 0.0% | TRIM −96% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| BABAALIBABA GROUP HLDG LTD | 417K | 1.3M | 1.4M | 1.4M | 1.4M | 863K | $106M |
| PAGSPAGSEGURO DIGITAL LTD | 3.9M | 3.8M | 3.8M | 4.4M | 4.5M | 5.0M | $53M |
| STNESTONECO LTD | 3.5M | 3.5M | 3.5M | 3.4M | 3.4M | 3.4M | $48M |
| DQDAQO NEW ENERGY CORP | — | — | — | 1.3M | 1.5M | 1.7M | $36M |
| BIDUBAIDU INC | — | 345K | 344K | 412K | 413K | 288K | $32M |
| ACMRACM RESH INC | — | — | — | — | — | 763K | $32M |
| YMMFULL TRUCK ALLIANCE CO LTD | 3.3M | 3.3M | 3.2M | 3.1M | 3.2M | 3.2M | $26M |
| CSIQCANADIAN SOLAR INC | — | — | — | — | 2.0M | 2.0M | $26M |
| ATHMAUTOHOME INC | 1.0M | 1.2M | 1.2M | 1.2M | 1.1M | 1.1M | $20M |
| GAUGALIANO GOLD INC | — | — | — | — | 1.9M | 1.8M | $5M |
| ASHRDBX ETF TR XTRACK HRVST CSI | 41K | 41K | 41K | 41K | 23K | 23K | $749,000 |
| KWEBKRANESHARES TRUST CSI CHI INTERNET | 41K | 41K | 41K | 41K | 19K | 19K | $541,000 |
| CANCANAAN INC | 1.4M | 1.3M | 1.3M | 1.3M | 1.2M | 1.2M | $495,000 |
| MXMAGNACHIP SEMICONDUCTOR CORP | 367K | 358K | 358K | 348K | 335K | 57K | $164,000 |
| BZUNBAOZUN INC | — | — | — | 108K | 60K | 60K | $153,000 |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
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