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
OMB APPROVAL
OMB Number: 3235-0006
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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
ACM RESH INC COM CL A 00108J109   2,857,470 122,428 SH   SOLE   2,857,470 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   28,180,196 213,115 SH   SOLE   28,180,196 0 0
ALPHA & OMEGA SEMICONDUCTOR SHS G6331P104   13,151 529 SH   SOLE   13,151 0 0
AMER SPORTS INC COM SHS G0260P102   3,072,346 114,940 SH   SOLE   3,072,346 0 0
ANALOG DEVICES INC COM 032654105   1,452,024 7,200 SH   SOLE   1,452,024 0 0
APPLE INC COM 037833100   2,998,755 13,500 SH   SOLE   2,998,755 0 0
APPLIED MATLS INC COM 038222105   145 1 SH   SOLE   145 0 0
APPLIED OPTOELECTRONICS INC COM 03823U102   5,434 354 SH   SOLE   5,434 0 0
ATOUR LIFESTYLE HLDGS LTD SPONSORED ADS 04965M106   1,284,765 30,280 SH   SOLE   1,284,765 0 0
AXT INC COM 00246W103   1 1 SH   SOLE   1 0 0
BIRKENSTOCK HOLDING PLC COM SHS M2029K104   302,106 6,589 SH   SOLE   302,106 0 0
BOEING CO COM 097023105   14,667 86 SH   SOLE   14,667 0 0
BOEING CO CALL 097023905   2,030 2 SH Call SOLE   2,030 0 0
BOSTON SCIENTIFIC CORP COM 101137107   3,346,190 33,170 SH   SOLE   3,346,190 0 0
CANADIAN SOLAR INC NOTE 2.500%10/0 136635AG4   19,525,000 20,000,000 SH   SOLE   19,525,000 0 0
CAPRI HOLDINGS LIMITED SHS G1890L107   530,362 26,881 SH   SOLE   530,362 0 0
CELESTICA INC COM 15101Q207   1,256,704 15,946 SH   SOLE   1,256,704 0 0
CENTURY ALUM CO COM 156431108   19,043 1,026 SH   SOLE   19,043 0 0
CHINA YUCHAI INTL LTD COM G21082105   3,381,961 199,056 SH   SOLE   3,381,961 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101   571,150 69,483 SH   SOLE   571,150 0 0
COINBASE GLOBAL INC NOTE 0.250% 4/0 19260QAF4   4,624,850 5,000,000 SH   SOLE   4,624,850 0 0
COINBASE GLOBAL INC NOTE 0.500% 6/0 19260QAB3   4,403,340 4,500,000 SH   SOLE   4,403,340 0 0
CREDO TECHNOLOGY GROUP HOLDI ORDINARY SHARES G25457105   10,803 269 SH   SOLE   10,803 0 0
DELL TECHNOLOGIES INC CL C 24703L202   76,110 835 SH   SOLE   76,110 0 0
DOCUSIGN INC COM 256163106   4,638,579 56,985 SH   SOLE   4,638,579 0 0
DR REDDYS LABS LTD ADR 256135203   5,020,444 380,625 SH   SOLE   5,020,444 0 0
ERO COPPER CORP COM 296006109   630,288 52,004 SH   SOLE   630,288 0 0
FREEPORT-MCMORAN INC CL B 35671D857   486,350 12,846 SH   SOLE   486,350 0 0
FREEPORT-MCMORAN INC PUT 35671D957   15,960 24 SH Put SOLE   15,960 0 0
FULL TRUCK ALLIANCE CO LTD SPONSORED ADS 35969L108   98,787,609 7,735,913 SH   SOLE   98,787,609 0 0
FUTU HLDGS LTD SPON ADS CL A 36118L106   1,139,463 11,133 SH   SOLE   1,139,463 0 0
GAMESTOP CORP NEW CL A 36467W109   708,749 31,754 SH   SOLE   708,749 0 0
GAOTU TECHEDU INC SPONSORED ADS 36257Y109   891,508 274,310 SH   SOLE   891,508 0 0
GAP INC COM 364760108   298,392 14,478 SH   SOLE   298,392 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108   20,213 96 SH   SOLE   20,213 0 0
GE AEROSPACE COM NEW 369604301   15,211 76 SH   SOLE   15,211 0 0
GE VERNOVA INC COM 36828A101   33,276 109 SH   SOLE   33,276 0 0
H WORLD GROUP LTD NOTE 3.000% 5/0 44332NAB2   11,200,000 10,000,000 SH   SOLE   11,200,000 0 0
HDFC BANK LTD SPONSORED ADS 40415F101   11,206,235 168,667 SH   SOLE   11,206,235 0 0
HELLO GROUP INC NOTE 1.250% 7/0 60879BAB3   81,102 80,000 SH   SOLE   81,102 0 0
HESAI GROUP SPONSORED ADS 428050108   1,442,896 97,493 SH   SOLE   1,442,896 0 0
HIMAX TECHNOLOGIES INC SPONSORED ADR 43289P106   7 1 SH   SOLE   7 0 0
HOWMET AEROSPACE INC COM 443201108   30,746 237 SH   SOLE   30,746 0 0
ICICI BANK LIMITED ADR 45104G104   11,263,672 357,350 SH   SOLE   11,263,672 0 0
INSTIL BIO INC COM NEW 45783C200   88,432 5,094 SH   SOLE   88,432 0 0
INTEL CORP COM 458140100   1,391,215 58,740 SH   SOLE   1,391,215 0 0
IONQ INC COM 46222L108   22 1 SH   SOLE   22 0 0
ISHARES BITCOIN TRUST ETF SHS BEN INT 46438F101   69,446,288 1,483,578 SH   SOLE   69,446,288 0 0
KE HLDGS INC SPONSORED ADS 482497104   41,288,868 2,055,195 SH   SOLE   41,288,868 0 0
KT CORP SPONSORED ADR 48268K101   910,648 51,420 SH   SOLE   910,648 0 0
KULICKE & SOFFA INDS INC COM 501242101   33 1 SH   SOLE   33 0 0
LAM RESEARCH CORP COM NEW 512807306   1,314,852 18,084 SH   SOLE   1,314,852 0 0
LI AUTO INC SPONSORED ADS 50202M102   3,573,360 98,418 SH   SOLE   3,573,360 0 0
LUMENTUM HLDGS INC NOTE 0.500% 6/1 55024UAF6   5,292,300 5,750,000 SH   SOLE   5,292,300 0 0
MACOM TECH SOLUTIONS HLDGS I COM 55405Y100   100 1 SH   SOLE   100 0 0
MELCO RESORTS AND ENTMNT LTD ADR 585464100   504,645 95,758 SH   SOLE   504,645 0 0
META PLATFORMS INC CL A 30303M102   1,575,192 2,733 SH   SOLE   1,575,192 0 0
NAVITAS SEMICONDUCTOR CORP COM 63942X106   23 11 SH   SOLE   23 0 0
NOAH HLDGS LTD SPON ADS 65487X102   604,129 63,929 SH   SOLE   604,129 0 0
NOVO-NORDISK A S ADR 670100205   1,096,041 2,692 SH   SOLE   1,096,041 0 0
NUCOR CORP COM 670346105   18,292 152 SH   SOLE   18,292 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102   76,075,025 610,585 SH   SOLE   76,075,025 0 0
PDD HOLDINGS INC NOTE 12/0 722304AC6   9,452,500 9,500,000 SH   SOLE   9,452,500 0 0
PHILLIPS 66 COM 718546104   29,388 238 SH   SOLE   29,388 0 0
QORVO INC COM 74736K101   5,720 79 SH   SOLE   5,720 0 0
QUALCOMM INC COM 747525103   154 1 SH   SOLE   154 0 0
RAMBUS INC DEL COM 750917106   52 1 SH   SOLE   52 0 0
RLX TECHNOLOGY INC SPONSORED ADS 74969N103   93,718 49,850 SH   SOLE   93,718 0 0
SANDISK CORP COM 80004C200   2,626,882 55,175 SH   SOLE   2,626,882 0 0
SEA LTD NOTE 2.375%12/0 81141RAF7   80,973 55,000 SH   SOLE   80,973 0 0
SEAGATE TECHNOLOGY HLDNGS PL ORD SHS G7997R103   22,767 268 SH   SOLE   22,767 0 0
SHARKNINJA INC COM SHS G8068L108   284,678 3,413 SH   SOLE   284,678 0 0
SIGMA LITHIUM CORPORATION COM 826599102   686,702 66,029 SH   SOLE   686,702 0 0
SOUTHERN COPPER CORP COM 84265V105   563,751 6,032 SH   SOLE   563,751 0 0
SPDR GOLD TR GOLD SHS 78463V107   14,865,143 51,590 SH   SOLE   14,865,143 0 0
SUPER HI INTL HLDG LTD SPONSORED ADS 86803S106   186,135 8,030 SH   SOLE   186,135 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   4,257,402 1,647 SH   SOLE   4,257,402 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104   32,907,814 2,491,129 SH   SOLE   32,907,814 0 0
TERADYNE INC COM 880770102   2,257,458 27,330 SH   SOLE   2,257,458 0 0
TESLA INC COM 88160R101   47,454,788 183,110 SH   SOLE   47,454,788 0 0
TOTALENERGIES SE SPONSORED ADS 89151E109   1,997,951 30,885 SH   SOLE   1,997,951 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100   1,712,384 3,532 SH   SOLE   1,712,384 0 0
VIKING HOLDINGS LTD ORD SHS G93A5A101   595,972 14,993 SH   SOLE   595,972 0 0
VNET GROUP INC SPONSORED ADS A 90138A103   5,939,654 724,348 SH   SOLE   5,939,654 0 0
WEIBO CORP NOTE 1.375%12/0 948596AJ0   9,236,892 8,400,000 SH   SOLE   9,236,892 0 0
WESTERN DIGITAL CORP COM 958102105   40 1 SH   SOLE   40 0 0
YATSEN HLDG LTD SPONSORED ADS 985194208   23,252 4,834 SH   SOLE   23,252 0 0
ZTO EXPRESS CAYMAN INC NOTE 1.500% 9/0 98980AAB1   11,926,178 11,830,000 SH   SOLE   11,926,178 0 0