| Stock | Ownership Trend | Portfolio % | Prev Q % | Q3 2025 Value | Q3 2025 Shares | Prev Q Value | Prev Q Shares | Shares Change | Action |
|---|---|---|---|---|---|---|---|---|---|
| LLUFAX HLDG LTD SPON ADS EACH REP 2 ORD SHS CL A (R/S)LU | 44.08% | 14.88% | $2.1M | 514,323 | $1.0M | 373,331 | +140,992+37.77% | Add | |
 ATOUR LIFESTYLE HLDGS LTDATAT | 42.14% | 57.86% | $2.0M | 53,114 | $4.1M | 124,594 | -71,480-57.37% | Reduce | |
 FINVOLUTION GROUPFINV | 11.68% | 24.54% | $553,310 | 75,076 | $1.7M | 181,208 | -106,132-58.57% | Reduce | |
 JOYY INCJOYY | 2.1% | 1.24% | $99,637 | 1,700 | $86,547 | 1,700 | 00.00% | Unchanged |
