The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGORA INC-ADR API US ADS 00851L103   64,256 25,600 SH   DFND   25,600 0 0
AIRBNB INC-CLASS A ABNB US COM CL A 009066101   53,430,544 323,900 SH   DFND   323,900 0 0
ALPHABET INC-CL C GOOG US CAP STK CL C 02079K107   12,028,540 79,000 SH   DFND   79,000 0 0
ARM HOLDINGS PLC-ADR ARM US SPONSORED ADR 042068205   3,705,954 29,650 SH   DFND   29,650 0 0
BAIDU INC - SPON ADR BIDU US SPON ADR REP A 056752108   4,190,144 39,800 SH   DFND   39,800 0 0
BANK OF AMERICA CORP BAC US COM 060505104   7,318,560 193,000 SH   DFND   193,000 0 0
BILIBILI INC-SPONSORED ADR BILI US SPONS ADS REP Z 090040106   3,403,680 303,900 SH   DFND   303,900 0 0
BRISTOL-MYERS SQUIBB CO BMY US COM 110122108   10,550,447 194,550 SH   DFND   194,550 0 0
DIREXION DLY SM CAP BULL 3X TNA US DLY SMCAP BULL3X 25459W847   20,425,628 475,900 SH   DFND   475,900 0 0
DRX DLY S&P BIOTECH BULL 3X LABU US DAILY S&P BIOTCH 25460G120   10,179,624 76,700 SH   DFND   76,700 0 0
ENPHASE ENERGY INC ENPH US COM 29355A107   3,593,106 29,700 SH   DFND   29,700 0 0
FULL TRUCK ALLIANCE -SPN ADR YMM US SPONSORED ADS 35969L108   4,622,993 635,900 SH   DFND   635,900 0 0
GINKGO BIOWORKS HOLDINGS INC DNA US CL A SHS 37611X100   864,200 745,000 SH   DFND   745,000 0 0
IQIYI INC-ADR IQ US SPONSORED ADS 46267X108   1,308,762 309,400 SH   DFND   309,400 0 0
JOYY INC-ADR YY US ADS REPSTG COM A 46591M109   910,200 29,600 SH   DFND   29,600 0 0
KE HOLDINGS INC-ADR BEKE US SPONSORED ADS 482497104   16,044,837 1,168,597 SH   DFND   1,168,597 0 0
LIGHTINTHEBOX HOLDING-ADR SPONSORED ADR 53225G102   1,678,531 2,057,023 SH   DFND   2,057,023 0 0
LYFT INC-A LYFT US CL A COM 55087P104   10,241,955 529,300 SH   DFND   529,300 0 0
MARRIOTT VACATIONS WORLD VAC US COM 57164Y107   711,018 6,600 SH   DFND   6,600 0 0
META PLATFORMS INC-CLASS A META US CL A 30303M102   8,497,650 17,500 SH   DFND   17,500 0 0
MICROSTRATEGY INC-CL A MSTR US CL A NEW 594972408   332,389 195 SH   DFND   195 0 0
MODERNA INC MRNA US COM 60770K107   6,382,944 59,900 SH   DFND   59,900 0 0
MOGU INC-ADR SPON ADS 608012308   1,302,399 689,100 SH   DFND   689,100 0 0
NVIDIA CORP NVDA US COM 67066G104   12,920,908 14,300 SH   DFND   14,300 0 0
PDD HOLDINGS INC PDD US SPONSORED ADS 722304102   10,113,750 87,000 SH   DFND   87,000 0 0
PELOTON INTERACTIVE INC-A PTON US CL A COM 70614W100   4,346,704 1,014,400 SH   DFND   1,014,400 0 0
PROSHARES ULTRAPRO QQQ TQQQ US ULTRAPRO QQQ 74347X831   4,352,292 70,700 SH   DFND   70,700 0 0
RECURSION PHARMACEUTICALS-A RXRX US CL A 75629V104   705,876 70,800 SH   DFND   70,800 0 0
REDFIN CORP RDFN US COM 75737F108   1,320,690 198,600 SH   DFND   198,600 0 0
ROBINHOOD MARKETS INC - A HOOD US COM CL A 770700102   25,927,440 1,288,000 SH   DFND   1,288,000 0 0
SNAP INC - A SNAP US CL A 83304A106   58,488,304 5,094,800 SH   DFND   5,094,800 0 0
SO-YOUNG INTERNATIONAL-ADR SPONSORED ADS 83356Q108   3,343,982 3,067,873 SH   DFND   3,067,873 0 0
TAL EDUCATION GROUP- ADR TAL US SPONSORED ADS 874080104   7,723,675 680,500 SH   DFND   680,500 0 0
TALKSPACE INC COM 87427V103   6,899,425 1,932,612 SH   DFND   1,932,612 0 0
TENCENT MUSIC ENTERTAINM-ADR TME US SPON ADS 88034P109   1,202,925 107,500 SH   DFND   107,500 0 0
TESLA INC TSLA US COM 88160R101   6,838,231 38,900 SH   DFND   38,900 0 0
UNITY SOFTWARE INC U US COM 91332U101   4,568,370 171,100 SH   DFND   171,100 0 0
WALT DISNEY CO/THE DIS US COM 254687106   31,091,676 254,100 SH   DFND   254,100 0 0
YUNJI INC-ADR SPON ADS 98873N206   107,173 129,000 SH   DFND   129,000 0 0
ZILLOW GROUP INC - C Z US CL C CAP STK 98954M200   37,702,062 772,900 SH   DFND   772,900 0 0