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
Estimated average burden
hours per response: 23.8
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   39 1 SH   SOLE   39 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   2,444,490 13,677 SH   SOLE   2,444,490 0 0
ALPHABET INC CAP STK CL A 02079K305   24,263,811 99,810 SH   SOLE   24,263,811 0 0
AMERICAN RES CORP CL A 02927U208   118,400 43,852 SH   SOLE   118,400 0 0
APPLIED MATLS INC COM 038222105   592,313 2,893 SH   SOLE   592,313 0 0
APPLIED OPTOELECTRONICS INC COM 03823U102   26 1 SH   SOLE   26 0 0
ASE TECHNOLOGY HLDG CO LTD SPONSORED ADS 00215W100   1,422,259 128,247 SH   SOLE   1,422,259 0 0
ASTERA LABS INC COM 04626A103   46,796 239 SH   SOLE   46,796 0 0
ATOUR LIFESTYLE HLDGS LTD SPONSORED ADS 04965M106   1,372,524 36,513 SH   SOLE   1,372,524 0 0
ATRENEW INC SPONSORED ADS 00138L108   353,625 76,875 SH   SOLE   353,625 0 0
AXT INC COM 00246W103   104,783 23,337 SH   SOLE   104,783 0 0
BEONE MEDICINES LTD SPONSORED ADS 07725L102   1,490,221 4,374 SH   SOLE   1,490,221 0 0
BIRKENSTOCK HOLDING PLC COM SHS M2029K104   374,037 8,266 SH   SOLE   374,037 0 0
BLOCK INC CL A 852234103   4,125,854 12,506 SH   SOLE   4,125,854 0 0
BLOOM ENERGY CORP COM CL A 093712107   164,742 1,948 SH   SOLE   164,742 0 0
BROADCOM INC COM 11135F101   4,125,854 12,506 SH   SOLE   4,125,854 0 0
CAMECO CORP COM 13321L108   83,860 1,000 SH   SOLE   83,860 0 0
CANADIAN SOLAR INC COM 136635109   97,839 7,503 SH   SOLE   97,839 0 0
CANADIAN SOLAR INC NOTE 2.500%10/0 136635AG4   20,250,000 20,000,000 SH   SOLE   20,250,000 0 0
CARNIVAL PLC ADS 14365C103   127,204 4,400 SH   SOLE   127,204 0 0
CELESTICA INC COM 15101Q207   15,768 64 SH   SOLE   15,768 0 0
CHINA YUCHAI INTL LTD COM G21082105   423,008 10,225 SH   SOLE   423,008 0 0
CISCO SYS INC COM 17275R102   313,295 4,579 SH   SOLE   313,295 0 0
COHERENT CORP COM 19247G107   633,178 5,878 SH   SOLE   633,178 0 0
COINBASE GLOBAL INC NOTE 0.500% 6/0 19260QAB3   5,003,760 4,500,000 SH   SOLE   5,003,760 0 0
COINBASE GLOBAL INC NOTE 0.250% 4/0 19260QAF4   6,289,650 5,000,000 SH   SOLE   6,289,650 0 0
CONSTELLATION ENERGY CORP COM 21037T109   118,465 360 SH   SOLE   118,465 0 0
CORNING INC COM 219350105   25,347 309 SH   SOLE   25,347 0 0
CRITICAL METALS CORP PUBCO ORD SHS G2662B103   38,166 6,136 SH   SOLE   38,166 0 0
DAQO NEW ENERGY CORP SPNSRD ADS NEW 23703Q203   74,066 2,633 SH   SOLE   74,066 0 0
DELTA AIR LINES INC DEL COM NEW 247361702   79,223 1,396 SH   SOLE   79,223 0 0
DR REDDYS LABS LTD ADR 256135203   4,760,148 340,497 SH   SOLE   4,760,148 0 0
DRAFTKINGS INC NEW COM CL A 26142V105   117,324 3,137 SH   SOLE   117,324 0 0
DUTCH BROS INC CL A 26701L100   466,349 8,910 SH   SOLE   466,349 0 0
ELBIT SYS LTD ORD M3760D101   3,553,306 6,970 SH   SOLE   3,553,306 0 0
ENERGY FUELS INC COM NEW 292671708   91,716 5,975 SH   SOLE   91,716 0 0
LAUDER ESTEE COS INC CL A 518439104   286,742 3,254 SH   SOLE   286,742 0 0
FREEPORT-MCMORAN INC PUT 35671D957   424,174 522 SH Put SOLE   424,174 0 0
FIRST SOLAR INC COM 336433107   44,327 201 SH   SOLE   44,327 0 0
FREEPORT-MCMORAN INC CL B 35671D857   1,445,767 36,863 SH   SOLE   1,445,767 0 0
FRONTLINE PLC COM M46528101   7,113,397 312,128 SH   SOLE   7,113,397 0 0
FULL TRUCK ALLIANCE CO LTD SPONSORED ADS 35969L108   52,748,199 4,066,939 SH   SOLE   52,748,199 0 0
FUTU HLDGS LTD SPON ADS CL A 36118L106   1,671,623 9,612 SH   SOLE   1,671,623 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108   4,031,534 104,174 SH   SOLE   4,031,534 0 0
HDFC BANK LTD SPONSORED ADS 40415F101   20,135,424 589,247 SH   SOLE   20,135,424 0 0
HIMAX TECHNOLOGIES INC SPONSORED ADR 43289P106   9 1 SH   SOLE   9 0 0
H WORLD GROUP LTD NOTE 3.000% 5/0 44332NAB2   5,616,600 5,000,000 SH   SOLE   5,616,600 0 0
HYATT HOTELS CORP COM CL A 448579102   251,642 1,773 SH   SOLE   251,642 0 0
ICICI BANK LIMITED ADR 45104G104   7,543,897 249,550 SH   SOLE   7,543,897 0 0
INFOSYS LTD SPONSORED ADR 456788108   15,225,417 935,797 SH   SOLE   15,225,417 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   70,117 1,019 SH   SOLE   70,117 0 0
ISHARES BITCOIN TRUST ETF SHS BEN INT 46438F101   116,192,115 1,787,571 SH   SOLE   116,192,115 0 0
JD.COM INC NOTE 0.250% 6/0 47215PAJ5   10,766,733 10,000,000 SH   SOLE   10,766,733 0 0
JOYY INC ADS REPSTG COM A 46591M109   2,323 39 SH   SOLE   2,323 0 0
KE HLDGS INC SPONSORED ADS 482497104   6,994,166 368,114 SH   SOLE   6,994,166 0 0
KT CORP SPONSORED ADR 48268K101   1,002,690 51,420 SH   SOLE   1,002,690 0 0
KULICKE & SOFFA INDS INC COM 501242101   41 1 SH   SOLE   41 0 0
LAS VEGAS SANDS CORP COM 517834107   287,723 5,349 SH   SOLE   287,723 0 0
LIGHT & WONDER INC COM 80874P109   3,027,464 36,067 SH   SOLE   3,027,464 0 0
LUMENTUM HLDGS INC NOTE 0.500% 6/1 55024UAF6   6,992,211 5,000,000 SH   SOLE   6,992,211 0 0
LUMENTUM HLDGS INC COM 55024U109   4,058,801 24,945 SH   SOLE   4,058,801 0 0
MACOM TECH SOLUTIONS HLDGS I COM 55405Y100   124 1 SH   SOLE   124 0 0
MARA HOLDINGS INC NOTE 1.000%12/0 565788AB2   941,203 1,000,000 SH   SOLE   941,203 0 0
META PLATFORMS INC CL A 30303M102   1,487,854 2,026 SH   SOLE   1,487,854 0 0
MICROSOFT CORP COM 594918104   1,051,439 2,030 SH   SOLE   1,051,439 0 0
MUELLER INDS INC COM 624756102   87,359 864 SH   SOLE   87,359 0 0
NAVITAS SEMICONDUCTOR CORP COM 63942X106   7 1 SH   SOLE   7 0 0
NEW GOLD INC CDA COM 644535106   281,729 39,238 SH   SOLE   281,729 0 0
NEWMONT CORP COM 651639106   1,565,890 18,573 SH   SOLE   1,565,890 0 0
NOVARTIS AG SPONSORED ADR 66987V109   2,564,800 20,000 SH   SOLE   2,564,800 0 0
NVIDIA CORPORATION COM 67066G104   1,316,324 7,055 SH   SOLE   1,316,324 0 0
ON HLDG AG NAMEN AKT A H5919C104   368,022 8,690 SH   SOLE   368,022 0 0
ONTO INNOVATION INC COM 683344105   2,840,126 21,979 SH   SOLE   2,840,126 0 0
PAN AMERN SILVER CORP COM 697900108   1,074,409 27,741 SH   SOLE   1,074,409 0 0
PDD HOLDINGS INC NOTE 12/0 722304AC6   21,148,920 21,327,000 SH   SOLE   21,148,920 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102   81,828,165 619,113 SH   SOLE   81,828,165 0 0
POWER SOLUTIONS INTL INC COM NEW 73933G902   34,770 354 SH   SOLE   34,770 0 0
QUANTASING GROUP LTD ADS 74767N107   258,585 28,668 SH   SOLE   258,585 0 0
RALPH LAUREN CORP CL A 751212101   29,220 93 SH   SOLE   29,220 0 0
RAMBUS INC DEL COM 750917106   314,059 3,014 SH   SOLE   314,059 0 0
REDDIT INC CL A 75734B100   4,121,881 17,922 SH   SOLE   4,121,881 0 0
RIO TINTO PLC SPONSORED ADR 767204100   215,391 3,263 SH   SOLE   215,391 0 0
ROSS STORES INC COM 778296103   256,168 1,681 SH   SOLE   256,168 0 0
SEAGATE TECHNOLOGY HLDNGS PL ORD SHS G7997R103   8,424,990 35,614 SH   SOLE   8,424,990 0 0
SEMTECH CORP COM 816850101   344,389 4,820 SH   SOLE   344,389 0 0
SHARKNINJA INC COM SHS G8068L108   442,926 4,294 SH   SOLE   442,926 0 0
SIGMA LITHIUM CORPORATION COM 826599102   308,148 48,073 SH   SOLE   308,148 0 0
SILICON MOTION TECHNOLOGY CO SPONSORED ADR 82706C108   319,889 3,374 SH   SOLE   319,889 0 0
SITIME CORP COM 82982T106   290,463 964 SH   SOLE   290,463 0 0
SOLARIS ENERGY INFRAS INC COM CL A 83418M103   180,105 4,506 SH   SOLE   180,105 0 0
SONY GROUP CORP SPONSORED ADR 835699307   843,432 29,296 SH   SOLE   843,432 0 0
SOUTHERN COPPER CORP COM 84265V105   1,070,759 8,823 SH   SOLE   1,070,759 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209   1,674,000 100,000 SH   SOLE   1,674,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   15,126,304 54,048 SH   SOLE   15,126,304 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104   395,830 35,342 SH   SOLE   395,830 0 0
TAPESTRY INC COM 876030107   32,834 290 SH   SOLE   32,834 0 0
TASEKO MINES LTD COM 876511106   243,927 57,666 SH   SOLE   243,927 0 0
TRANSOCEAN LTD REGISTERED SHS H8817H100   82,318 26,384 SH   SOLE   82,318 0 0
TRIP COM GROUP LTD NOTE 0.750% 6/1 89677QAB3   23,653,699 18,500,000 SH   SOLE   23,653,699 0 0
TENCENT MUSIC ENTMT GROUP SPON ADS 88034P109   7,399 317 SH   SOLE   7,399 0 0
TERADYNE INC COM 880770102   3,583,457 26,035 SH   SOLE   3,583,457 0 0
TESLA INC COM 88160R101   73,824 166 SH   SOLE   73,824 0 0
TOTALENERGIES SE SPONSORED ADS 89151E109   1,869,276 30,885 SH   SOLE   1,869,276 0 0
TOWER SEMICONDUCTOR LTD SHS NEW M87915274   145 2 SH   SOLE   145 0 0
TTM TECHNOLOGIES INC COM 87305R109   58 1 SH   SOLE   58 0 0
URANIUM ENERGY CORP COM 916896103   693,053 51,953 SH   SOLE   693,053 0 0
VIKING HOLDINGS LTD ORD SHS G93A5A101   437,233 7,034 SH   SOLE   437,233 0 0
VIOMI TECHNOLOGY CO LTD SPONSORED ADS 92762J103   200,360 59,988 SH   SOLE   200,360 0 0
VIPSHOP HLDGS LTD SPONSORED ADS A 92763W103   4,971,238 253,118 SH   SOLE   4,971,238 0 0
VISTRA CORP COM 92840M102   28,212 144 SH   SOLE   28,212 0 0
VNET GROUP INC SPONSORED ADS A 90138A103   15,222,371 39,191 SH   SOLE   15,222,371 0 0
WALMART INC COM 931142103   914,761 8,876 SH   SOLE   914,761 0 0
WEIBO CORP NOTE 1.375%12/0 948596AJ0   4,434,733 3,400,000 SH   SOLE   4,434,733 0 0
WESTERN DIGITAL CORP COM 958102105   1,813,746 15,107 SH   SOLE   1,813,746 0 0
WOLVERINE WORLD WIDE INC COM 978097103   734,130 26,754 SH   SOLE   734,130 0 0
WYNN RESORTS LTD COM 983134107   788,989 6,151 SH   SOLE   788,989 0 0
YATSEN HLDG LTD SPONSORED ADS 985194208   355,061 39,190 SH   SOLE   355,061 0 0
ZIM INTEGRATED SHIPPING SERV SHS M9T951109   177,803 13,122 SH   SOLE   177,803 0 0