Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (23 quarters reported)
$174M in Q4 2020 → $61.3M now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| TS Taiwan Semiconductor Manufac | 63.7% | Added 3.0% | 81,800 | $39.1M |
| AG Alibaba Group Hldg Ltd | 14.7% | Trimmed 54% | 93,963 | $9.02M |
| MG Miniso Group Hldg Ltd | 11.6% | Trimmed 37% | 588,297 | $7.09M |
| PT Proshares Tr Ii | 10.0% | Unchanged | 247,188 | $6.15M |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AG Alibaba Group Hldg Ltd | Trimmed | −110,598 | −$10.6M | 14.7% |
| MG Miniso Group Hldg Ltd | Trimmed | −351,323 | −$4.24M | 11.6% |
| TS Taiwan Semiconductor Manufac | Added | +2,360 | +$1.13M | 63.7% |
quarter ended March 31, 2026 · filed May 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AG Alibaba Group Hldg Ltd | Trimmed | −278,142 | −$34.9M | 31.8% |
| TS Taiwan Semiconductor Manufac | New | +79,440 | +$26.8M | 33.3% |
| PT Proshares Tr Ii | Trimmed | −308,238 | −$16.1M | 16.0% |
| Synopsys Inc | Exited | −28,279 | −$13.3M | — |
| MG Miniso Group Hldg Ltd | Trimmed | −51,677 | −$837K | 18.9% |
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| PT Proshares Tr Ii | New | +555,426 | +$20M | 16.3% |
| Tal Education Group | Exited | −991,024 | −$11.1M | — |
| Qfin Holdings Inc | Exited | −352,013 | −$10.1M | — |
| AG Alibaba Group Hldg Ltd | Trimmed | −68,425 | −$10M | 57.7% |
| LH Lexinfintech Hldgs Ltd | Exited | −1,711,539 | −$9.12M | — |
| Baidu Inc | Exited | −42,272 | −$5.57M | — |
| Agora Inc | Exited | −622,770 | −$2.38M | — |
| So Young International Inc | Exited | −490,702 | −$1.9M | — |
| Trip Com Group Ltd | Exited | −13,300 | −$1M | — |
| MG Miniso Group Hldg Ltd | Trimmed | −6,954 | −$130K | 15.2% |
quarter ended September 30, 2025 · filed November 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Synopsys Inc | New | +28,279 | +$14M | 7.9% |
| Trip Com Group Ltd | Trimmed | −113,545 | −$8.54M | 0.6% |
| Tal Education Group | Trimmed | −545,000 | −$6.1M | 6.3% |
| Baidu Inc | New | +42,272 | +$5.57M | 3.2% |
| Qfin Holdings Inc | Added | +176,432 | +$5.08M | 5.8% |
| LH Lexinfintech Hldgs Ltd | Added | +769,522 | +$4.1M | 5.2% |
| PT Proshares Tr Ii | Exited | −131,309 | −$2.46M | — |
| AG Alibaba Group Hldg Ltd | Trimmed | −13,248 | −$2.37M | 55.9% |
| So Young International Inc | New | +490,702 | +$1.9M | 1.1% |
| Vnet Group Inc | Exited | −90,660 | −$626K | — |
Showing the 10 largest of 12 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AG Alibaba Group Hldg Ltd | Added | +131,229 | +$14.9M | 51.4% |
| Vnet Group Inc | Trimmed | −1,490,476 | −$10.3M | 0.5% |
| PT Proshares Tr Ii | Trimmed | −450,701 | −$8.45M | 2.0% |
| Trip Com Group Ltd | Trimmed | −113,155 | −$6.64M | 6.0% |
| MG Miniso Group Hldg Ltd | Trimmed | −299,799 | −$5.46M | 14.3% |
| LH Lexinfintech Hldgs Ltd | Added | +681,633 | +$4.91M | 5.5% |
| Tal Education Group | Trimmed | −413,976 | −$4.23M | 12.6% |
| Tuya Inc | Exited | −1,312,706 | −$3.98M | — |
| Agora Inc | Trimmed | −733,112 | −$2.79M | 1.6% |
| Cango Inc | Exited | −480,906 | −$1.82M | — |
Showing the 10 largest of 12 changes.
quarter ended March 31, 2025 · filed May 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AG Alibaba Group Hldg Ltd | New | +433,147 | +$57.3M | 33.2% |
| Kanzhun Limited | Exited | −3,000,000 | −$41.4M | — |
| Trip Com Group Ltd | New | +240,000 | +$15.3M | 8.8% |
| PT Proshares Tr Ii | New | +582,010 | +$13.6M | 7.9% |
| Bitdeer Technologies Group | Exited | −533,054 | −$11.6M | — |
| Vnet Group Inc | Added | +1,055,609 | +$8.66M | 7.5% |
| QT Qifu Technology Inc | New | +175,581 | +$7.89M | 4.6% |
| MG Miniso Group Hldg Ltd | Trimmed | −425,250 | −$7.86M | 13.7% |
| Tal Education Group | Trimmed | −450,000 | −$5.94M | 14.9% |
| Agora Inc | Added | +763,482 | +$3.07M | 2.9% |
Showing the 10 largest of 16 changes.
quarter ended December 31, 2024 · filed February 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| KH Ke Hldgs Inc | Exited | −3,638,665 | −$72.4M | — |
| Tal Education Group | Trimmed | −4,125,775 | −$41.3M | 19.2% |
| MG Miniso Group Hldg Ltd | New | +1,700,000 | +$40.6M | 32.5% |
| Jd.com Inc | Exited | −1,000,000 | −$40M | — |
| Kanzhun Limited | Added | +2,000,000 | +$27.6M | 33.1% |
| Pdd Holdings Inc | Exited | −200,000 | −$27M | — |
| TS Taiwan Semiconductor Mfg Ltd | Exited | −150,000 | −$26.1M | — |
| Iqiyi Inc | Exited | −5,000,000 | −$14.3M | — |
| Bitdeer Technologies Group | New | +533,054 | +$11.6M | 9.2% |
| Vnet Group Inc | New | +525,527 | +$2.49M | 2.0% |
Showing the 10 largest of 14 changes.
quarter ended September 30, 2024 · filed November 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| TS Taiwan Semiconductor Mfg Ltd | Trimmed | −350,000 | −$60.8M | 9.5% |
| KH Ke Hldgs Inc | Trimmed | −2,242,053 | −$44.6M | 26.4% |
| Micron Technology Inc | Exited | −300,000 | −$39.5M | — |
| Iqiyi Inc | Trimmed | −10,581,595 | −$30.3M | 5.2% |
| Pdd Holdings Inc | New | +200,000 | +$27M | 9.8% |
| Tal Education Group | Added | +1,525,775 | +$18.1M | 28.2% |
| Gaotu Techedu Inc | Exited | −2,100,000 | −$10.3M | — |
| Kanzhun Limited | Added | +500,000 | +$8.68M | 6.3% |
| Jd.com Inc | Trimmed | −162,000 | −$6.48M | 14.6% |
| Wolfspeed Inc | Exited | −134,343 | −$3.06M | — |
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