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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALIBABA GROUP HOLDING-SP ADR COMMON STOCK 01609W102 40,158 380,900 SH   SOLE   380,900 0 0
BAIDU INC - SPON ADR COMMON STOCK 056752108 141,518 616,100 SH   SOLE   616,100 0 0
CHINA LODGING GROUP-SPON ADS COMMON STOCK 16949N109 330 13,000 SH   SOLE   13,000 0 0
CTRIP.COM INTERNATIONAL-ADR COMMON STOCK 22943F100 15,986 351,200 SH   SOLE   351,200 0 0
NETEASE INC-ADR COMMON STOCK 64110W102 57,226 577,400 SH   SOLE   577,400 0 0
PROSHARES ULTRASHORT YEN COMMON STOCK 74347W569 263 2,959 SH   SOLE   2,959 0 0