Ariose Capital Management Ltd Activity Q4 2015-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$42,902,037	+217.2%	494,605	+204.8%	24.28%	+125.1%
NTES	Buy	NETEASE INCsponsored ads	$32,916,682	+12.1%	328,641	+8.2%	18.63%	-20.4%
TCOM	Buy	TRIP COM GROUP LTDads	$32,118,301	+313.0%	918,453	+313.3%	18.18%	+193.1%
DQ	Buy	DAQO NEW ENERGY CORPspnsrd ads new	$24,219,754	+223.9%	800,124	+324.8%	13.71%	+129.9%
TSLA	New	TESLA INC	$20,693,194	–	82,700	–	11.71%	–
ACMR	Buy	ACM RESH INC	$13,593,813	+52.6%	750,832	+10.2%	7.69%	+8.3%
LMT	New	LOCKHEED MARTIN CORP	$7,974,720	–	19,500	–	4.51%	–
CAN	Exit	CANAAN INCsponsored ads	$0	–	-201,938	–	-0.34%	–
U	Exit	UNITY SOFTWARE INC	$0	–	-181,262	–	-6.28%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-222,400	–	-11.19%	–
JD	Exit	JD.COM INCspon adr cl a	$0	–	-996,955	–	-27.13%	–

Q2 2023

			Value		Shares		↓ Weighting
JD	New	JD.COM INCspon adr cl a	$34,026,074	–	996,955	–	27.13%	–
NTES	New	NETEASE INCsponsored ads	$29,361,852	–	303,670	–	23.41%	–
MU	New	MICRON TECHNOLOGY INC	$14,035,665	–	222,400	–	11.19%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$13,525,288	–	162,271	–	10.78%	–
ACMR	New	ACM RESH INC	$8,910,397	–	681,223	–	7.10%	–
U	New	UNITY SOFTWARE INC	$7,870,397	–	181,262	–	6.28%	–
TCOM	New	TRIP COM GROUP LTDads	$7,777,000	–	222,200	–	6.20%	–
DQ	New	DAQO NEW ENERGY CORPspnsrd ads new	$7,478,250	–	188,369	–	5.96%	–
HOLI	New	HOLLYSYS AUTOMATION TCHNGY L	$1,050,457	–	59,719	–	0.84%	–
	New	ATOUR LIFESTYLE HOLDINGS LTDsponsored ads	$949,472	–	58,465	–	0.76%	–
CAN	New	CANAAN INCsponsored ads	$430,128	–	201,938	–	0.34%	–

Q4 2022

			Value		Shares		↓ Weighting
CAT	Exit	CATERPILLAR INC	$0	–	-5,100	–	-0.84%	–
	Exit	NEW ORIENTAL ED & TECHNOLOGYspon adr	$0	–	-314,104	–	-7.52%	–
DQ	Exit	DAQO NEW ENERGY CORPspnsrd ads new	$0	–	-280,865	–	-14.89%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-960,374	–	-76.75%	–

Q3 2022

			Value		Shares		↓ Weighting
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$76,820,000	–	960,374	–	76.75%	–
DQ	Sell	DAQO NEW ENERGY CORPspnsrd ads new	$14,908,000	-54.2%	280,865	-38.4%	14.89%	-57.2%
CAT	New	CATERPILLAR INC	$837,000	–	5,100	–	0.84%	–
TAL	Exit	TAL EDUCATION GROUPsponsored ads	$0	–	-71,293	–	-0.37%	–
NTES	Exit	NETEASE INCsponsored ads	$0	–	-90,251	–	-9.01%	–
LI	Exit	LI AUTO INCsponsored ads	$0	–	-1,195,852	–	-48.98%	–

Q2 2022

			Value		Shares		↓ Weighting
LI	New	LI AUTO INCsponsored ads	$45,814,000	–	1,195,852	–	48.98%	–
DQ	New	DAQO NEW ENERGY CORPspnsrd ads new	$32,564,000	–	456,216	–	34.81%	–
NTES	New	NETEASE INCsponsored ads	$8,426,000	–	90,251	–	9.01%	–
	New	NEW ORIENTAL ED & TECHNOLOGYspon adr	$6,395,000	–	314,104	–	6.84%	–
TAL	New	TAL EDUCATION GROUPsponsored ads	$347,000	–	71,293	–	0.37%	–

Q4 2021

			Value		Shares		↓ Weighting
FENG	Exit	PHOENIX NEW MEDIA LTDsponsored ads	$0	–	-59,567	–	-0.28%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-16,500	–	-22.00%	–
CAN	Exit	CANAAN INCsponsored ads	$0	–	-1,675,952	–	-37.91%	–
DQ	Exit	DAQO NEW ENERGY CORPspnsrd ads new	$0	–	-188,639	–	-39.81%	–

Q3 2021

			Value		Shares		↓ Weighting
DQ	New	DAQO NEW ENERGY CORPspnsrd ads new	$10,752,000	–	188,639	–	39.81%	–
CAN	New	CANAAN INCsponsored ads	$10,240,000	–	1,675,952	–	37.91%	–
NOC	New	NORTHROP GRUMMAN CORP	$5,942,000	–	16,500	–	22.00%	–
FENG	Sell	PHOENIX NEW MEDIA LTDsponsored ads	$76,000	-87.6%	59,567	-84.9%	0.28%	-86.0%
LULU	Exit	LULULEMON ATHLETICA INC	$0	–	-5,400	–	-6.46%	–
RBLX	Exit	ROBLOX CORPcl a	$0	–	-55,800	–	-16.47%	–
GDS	Exit	GDS HLDGS LTDsponsored ads	$0	–	-66,100	–	-17.02%	–
NEM	Exit	NEWMONT CORP	$0	–	-86,400	–	-17.96%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-7,500	–	-19.68%	–
INMD	Exit	INMODE LTD	$0	–	-65,700	–	-20.40%	–

Q2 2021

			Value		Shares		↓ Weighting
INMD	New	INMODE LTD	$6,220,000	–	65,700	–	20.40%	–
NVDA	New	NVIDIA CORPORATION	$6,001,000	–	7,500	–	19.68%	–
NEM	New	NEWMONT CORP	$5,476,000	–	86,400	–	17.96%	–
GDS	New	GDS HLDGS LTDsponsored ads	$5,188,000	–	66,100	–	17.02%	–
RBLX	New	ROBLOX CORPcl a	$5,021,000	–	55,800	–	16.47%	–
LULU	New	LULULEMON ATHLETICA INC	$1,971,000	–	5,400	–	6.46%	–
FENG	New	PHOENIX NEW MEDIA LTDsponsored ads	$612,000	–	394,718	–	2.01%	–

Q4 2020

			Value		Shares		↓ Weighting
NFH	Exit	NEW FRONTIER HEALTH CORP	$0	–	-458,096	–	-2.88%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-41,500	–	-3.17%	–
H	Exit	HYATT HOTELS CORP	$0	–	-72,700	–	-3.20%	–
SE	Exit	SEA LTDsponsord ads	$0	–	-26,800	–	-3.41%	–
INTC	Exit	INTEL CORP	$0	–	-82,100	–	-3.51%	–
CUK	Exit	CARNIVAL PLCadr	$0	–	-335,933	–	-4.21%	–
SDC	Exit	SMILEDIRECTCLUB INC	$0	–	-746,000	–	-7.19%	–
EDU	Exit	NEW ORIENTAL ED & TECHNOLOGYspon adr	$0	–	-63,200	–	-7.80%	–
JD	Exit	JD.COM INCspon adr cl a	$0	–	-131,700	–	-8.44%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-94,500	–	-22.93%	–
TSLA	Exit	TESLA INC	$0	–	-93,923	–	-33.26%	–

Q3 2020

			Value		Shares		↓ Weighting
TSLA	Buy	TESLA INC	$40,294,000	+841.9%	93,923	+2270.6%	33.26%	+993.3%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$27,781,000	–	94,500	–	22.93%	–
JD	Sell	JD.COM INCspon adr cl a	$10,221,000	-13.3%	131,700	-32.8%	8.44%	+0.6%
EDU	Buy	NEW ORIENTAL ED & TECHNOLOGYspon adr	$9,448,000	+131.8%	63,200	+101.9%	7.80%	+169.0%
SDC	Buy	SMILEDIRECTCLUB INC	$8,713,000	+113.7%	746,000	+44.5%	7.19%	+148.1%
CUK	New	CARNIVAL PLCadr	$5,099,000	–	335,933	–	4.21%	–
INTC	New	INTEL CORP	$4,251,000	–	82,100	–	3.51%	–
SE	New	SEA LTDsponsord ads	$4,128,000	–	26,800	–	3.41%	–
H	New	HYATT HOTELS CORP	$3,880,000	–	72,700	–	3.20%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$3,842,000	–	41,500	–	3.17%	–
MRNA	Exit	MODERNA INC	$0	–	-45,000	–	-2.06%	–
IGV	Exit	ISHARES TRexpanded tech	$0	–	-11,800	–	-2.38%	–
YY	Exit	JOYY INC	$0	–	-46,117	–	-2.90%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-23,760	–	-2.94%	–
SPLK	Exit	SPLUNK INC	$0	–	-21,300	–	-3.01%	–
NFLX	Exit	NETFLIX INC	$0	–	-9,500	–	-3.07%	–
KC	Exit	KINGSOFT CLOUD HLDGS LTDads	$0	–	-149,300	–	-3.35%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-8,600	–	-3.48%	–
BILI	Exit	BILIBILI INCspons ads rep z	$0	–	-146,200	–	-4.82%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-20,100	–	-5.43%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-38,300	–	-5.54%	–
PDD	Exit	PINDUODUO INCsponsored ads	$0	–	-140,100	–	-8.55%	–
DDOG	Exit	DATADOG INC	$0	–	-157,700	–	-9.75%	–
AMZN	Exit	AMAZON COM INC	$0	–	-5,315	–	-10.43%	–
TAL	Exit	TAL EDUCATION GROUPsponsored ads	$0	–	-253,900	–	-12.35%	–

Q2 2020

			Value		Shares		↓ Weighting
TAL	New	TAL EDUCATION GROUPsponsored ads	$17,362,000	–	253,900	–	12.35%	–
AMZN	New	AMAZON COM INC	$14,663,000	–	5,315	–	10.43%	–
DDOG	New	DATADOG INC	$13,712,000	–	157,700	–	9.75%	–
PDD	New	PINDUODUO INCsponsored ads	$12,026,000	–	140,100	–	8.55%	–
JD	New	JD.COM INCspon adr cl a	$11,795,000	–	196,000	–	8.39%	–
MSFT	New	MICROSOFT CORP	$7,794,000	–	38,300	–	5.54%	–
NVDA	New	NVIDIA CORPORATION	$7,636,000	–	20,100	–	5.43%	–
BILI	New	BILIBILI INCspons ads rep z	$6,772,000	–	146,200	–	4.82%	–
ISRG	New	INTUITIVE SURGICAL INC	$4,901,000	–	8,600	–	3.48%	–
KC	New	KINGSOFT CLOUD HLDGS LTDads	$4,706,000	–	149,300	–	3.35%	–
NFLX	New	NETFLIX INC	$4,323,000	–	9,500	–	3.07%	–
TSLA	New	TESLA INC	$4,278,000	–	3,962	–	3.04%	–
SPLK	New	SPLUNK INC	$4,232,000	–	21,300	–	3.01%	–
PYPL	New	PAYPAL HLDGS INC	$4,140,000	–	23,760	–	2.94%	–
YY	New	JOYY INC	$4,084,000	–	46,117	–	2.90%	–
EDU	New	NEW ORIENTAL ED & TECHNOLOGYspon adr	$4,076,000	–	31,300	–	2.90%	–
SDC	New	SMILEDIRECTCLUB INC	$4,077,000	–	516,100	–	2.90%	–
NFH	New	NEW FRONTIER HEALTH CORP	$3,793,000	–	458,096	–	2.70%	–
IGV	New	ISHARES TRexpanded tech	$3,354,000	–	11,800	–	2.38%	–
MRNA	New	MODERNA INC	$2,889,000	–	45,000	–	2.06%	–

Q4 2019

			Value		Shares		↓ Weighting
MYL	Exit	MYLAN N V	$0	–	-139,900	–	-3.56%	–
SOHU	Exit	SOHU COM LTDsponsored ads	$0	–	-385,545	–	-5.04%	–
SINA	Exit	SINA CORPord	$0	–	-340,666	–	-17.19%	–
WB	Exit	WEIBO CORPsponsored adr	$0	–	-362,585	–	-20.90%	–
YUMC	Exit	YUM CHINA HLDGS INC	$0	–	-423,785	–	-24.80%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-159,400	–	-28.51%	–

Q3 2019

			Value		Shares		↓ Weighting
GLD	New	SPDR GOLD TRUST	$22,136,000	–	159,400	–	28.51%	–
YUMC	Sell	YUM CHINA HLDGS INC	$19,253,000	-38.6%	423,785	-37.6%	24.80%	-5.4%
WB	New	WEIBO CORPsponsored adr	$16,226,000	–	362,585	–	20.90%	–
SINA	New	SINA CORPord	$13,351,000	–	340,666	–	17.19%	–
SOHU	New	SOHU COM LTDsponsored ads	$3,917,000	–	385,545	–	5.04%	–
MYL	New	MYLAN N V	$2,767,000	–	139,900	–	3.56%	–
NVDA	Exit	NVIDIA CORP	$0	–	-31,400	–	-4.31%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-69,500	–	-6.81%	–
IQ	Exit	IQIYI INCsponsored ads	$0	–	-593,770	–	-10.24%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-150,400	–	-21.28%	–
TAL	Exit	TAL EDUCATION GROUPsponsored ads	$0	–	-979,136	–	-31.16%	–

Q2 2019

			Value		Shares		↓ Weighting
TAL	New	TAL EDUCATION GROUPsponsored ads	$37,305,000	–	979,136	–	31.16%	–
YUMC	New	YUM CHINA HLDGS INC	$31,372,000	–	679,039	–	26.20%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$25,485,000	–	150,400	–	21.28%	–
IQ	New	IQIYI INCsponsored ads	$12,261,000	–	593,770	–	10.24%	–
BIDU	New	BAIDU INCspon adr rep a	$8,157,000	–	69,500	–	6.81%	–
NVDA	New	NVIDIA CORP	$5,157,000	–	31,400	–	4.31%	–

Q4 2018

			Value		Shares		↓ Weighting
PDD	Exit	PINDUODUO INCsponsored ads	$0	–	-341,972	–	-17.98%	–
BILI	Exit	BILIBILI INCspons ads rep z	$0	–	-867,200	–	-23.38%	–
ESV	Exit	ENSCO PLC	$0	–	-3,475,035	–	-58.65%	–

Q3 2018

			Value		Shares		↓ Weighting
ESV	New	ENSCO PLC	$29,329,000	–	3,475,035	–	58.65%	–
BILI	Buy	BILIBILI INCspons ads rep z	$11,690,000	-96.8%	867,200	+16683.4%	23.38%	-19.5%
PDD	New	PINDUODUO INCsponsored ads	$8,990,000	–	341,972	–	17.98%	–
SINA	Exit	SINA CORPord	$0	–	-62,300	–	-0.42%	–
TAL	Exit	TAL ED GROUPsponsored ads	$0	–	-996,736	–	-2.88%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-311,000	–	-4.54%	–
HUYA	Exit	HUYA INC	$0	–	-5,408	–	-12.93%	–
HTHT	Exit	HUAZHU GROUP LTDsponsored ads	$0	–	-8,922	–	-16.71%	–
CTRP	Exit	CTRIP COM INTL LTD	$0	–	-20,281	–	-33.48%	–

Q2 2018

			Value		Shares		↓ Weighting
CTRP	New	CTRIP COM INTL LTD	$425,800,000	–	20,281	–	33.48%	–
BILI	New	BILIBILI INCspons ads rep z	$369,300,000	–	5,167	–	29.04%	–
HTHT	New	HUAZHU GROUP LTDsponsored ads	$212,480,000	–	8,922	–	16.71%	–
HUYA	New	HUYA INC	$164,441,000	–	5,408	–	12.93%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$57,700,000	–	311,000	–	4.54%	–
TAL	New	TAL ED GROUPsponsored ads	$36,680,000	–	996,736	–	2.88%	–
SINA	New	SINA CORPord	$5,276,000	–	62,300	–	0.42%	–

Q4 2017

			Value		Shares		↓ Weighting
BGNE	Exit	BEIGENE LTDsponsored adr	$0	–	-52,600	–	-1.46%	–
JD	Exit	JD COM INCspon adr cl a	$0	–	-244,300	–	-2.50%	–
NVDA	Exit	NVIDIA CORP	$0	–	-58,348	–	-2.80%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-62,900	–	-4.18%	–
TSLA	Exit	TESLA INC	$0	–	-90,100	–	-8.25%	–
BZUN	Exit	BAOZUN INCsponsored adr	$0	–	-942,787	–	-8.29%	–
EDU	Exit	NEW ORIENTAL ED & TECH GRP Ispon adr	$0	–	-522,300	–	-12.37%	–
HTHT	Exit	CHINA LODGING GROUP LTDsponsored adr	$0	–	-597,821	–	-19.07%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-417,600	–	-19.36%	–
TAL	Exit	TAL ED GROUPsponsored ads	$0	–	-2,399,035	–	-21.71%	–

Q3 2017

			Value		Shares		↓ Weighting
TAL	Buy	TAL ED GROUPsponsored ads	$80,871,000	+46.6%	2,399,035	+431.8%	21.71%	+19.9%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$72,124,000	-15.0%	417,600	-30.6%	19.36%	-30.4%
HTHT	Sell	CHINA LODGING GROUP LTDsponsored adr	$71,033,000	+21.5%	597,821	-17.5%	19.07%	-0.6%
EDU	New	NEW ORIENTAL ED & TECH GRP Ispon adr	$46,098,000	–	522,300	–	12.37%	–
BZUN	New	BAOZUN INCsponsored adr	$30,886,000	–	942,787	–	8.29%	–
TSLA	New	TESLA INC	$30,733,000	–	90,100	–	8.25%	–
BIDU	New	BAIDU INCspon adr rep a	$15,580,000	–	62,900	–	4.18%	–
NVDA	New	NVIDIA CORP	$10,431,000	–	58,348	–	2.80%	–
JD	Sell	JD COM INCspon adr cl a	$9,332,000	-80.1%	244,300	-79.6%	2.50%	-83.8%
BGNE	Sell	BEIGENE LTDsponsored adr	$5,442,000	-37.5%	52,600	-72.8%	1.46%	-48.9%
NTES	Exit	NETEASE INCsponsored adr	$0	–	-167,377	–	-16.59%	–

Q2 2017

			Value		Shares		↓ Weighting
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$84,839,000	–	602,123	–	27.84%	–
HTHT	New	CHINA LODGING GROUP LTDsponsored adr	$58,485,000	–	724,901	–	19.19%	–
TAL	New	TAL ED GROUPsponsored ads	$55,179,000	–	451,137	–	18.10%	–
NTES	New	NETEASE INCsponsored adr	$50,575,000	–	167,377	–	16.59%	–
JD	New	JD COM INCspon adr cl a	$47,005,000	–	1,198,500	–	15.42%	–
BGNE	New	BEIGENE LTDsponsored adr	$8,712,000	–	193,609	–	2.86%	–

Q4 2016

			Value		Shares		↓ Weighting
BGNE	Exit	BEIGENE LTDsponsored adr	$0	–	-38,599	–	-0.34%	–
WB	Exit	WEIBO CORPsponsored adr	$0	–	-55,720	–	-0.80%	–
ICON	Exit	ICONIX BRAND GROUP INC	$0	–	-400,130	–	-0.86%	–
COE	Exit	CHINA ONLINE ED GROUPsponsored adr	$0	–	-327,754	–	-1.74%	–
NOAH	Exit	NOAH HLDGS LTDspon ads cl a	$0	–	-283,424	–	-1.91%	–
MLCO	Exit	MELCO CROWN ENTMT LTDadr	$0	–	-468,118	–	-2.02%	–
VIPS	Exit	VIPSHOP HLDGS LTDsponsored adr	$0	–	-718,000	–	-2.78%	–
CYOU	Exit	CHANGYOU COM LTDads rep cl a	$0	–	-454,400	–	-3.34%	–
MOMO	Exit	MOMO INCadr	$0	–	-802,703	–	-5.15%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-119,103	–	-5.70%	–
CBPO	Exit	CHINA BIOLOGIC PRODS INC	$0	–	-238,841	–	-7.56%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-465,093	–	-13.06%	–
TAL	Exit	TAL ED GROUP	$0	–	-914,904	–	-17.78%	–
NTES	Exit	NETEASE INCsponsored adr	$0	–	-518,151	–	-36.95%	–

Q3 2016

			Value		Shares		↓ Weighting
NTES	Buy	NETEASE INCsponsored adr	$135,289,000	+487.8%	518,151	+334.9%	36.95%	+58.8%
TAL	Buy	TAL ED GROUP	$65,095,000	+60.6%	914,904	+40.1%	17.78%	-56.6%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$47,830,000	–	465,093	–	13.06%	–
CBPO	New	CHINA BIOLOGIC PRODS INC	$27,689,000	–	238,841	–	7.56%	–
BIDU	New	BAIDU INCspon adr rep a	$20,861,000	–	119,103	–	5.70%	–
MOMO	New	MOMO INCadr	$18,872,000	–	802,703	–	5.15%	–
CYOU	New	CHANGYOU COM LTDads rep cl a	$12,228,000	–	454,400	–	3.34%	–
VIPS	New	VIPSHOP HLDGS LTDsponsored adr	$10,174,000	–	718,000	–	2.78%	–
MLCO	New	MELCO CROWN ENTMT LTDadr	$7,398,000	–	468,118	–	2.02%	–
NOAH	Sell	NOAH HLDGS LTDspon ads cl a	$6,992,000	-6.2%	283,424	-8.4%	1.91%	-74.7%
COE	Buy	CHINA ONLINE ED GROUPsponsored adr	$6,381,000	+1186.5%	327,754	+1211.0%	1.74%	+247.9%
WB	New	WEIBO CORPsponsored adr	$2,948,000	–	55,720	–	0.80%	–
BGNE	New	BEIGENE LTDsponsored adr	$1,256,000	–	38,599	–	0.34%	–
SFUN	Exit	SOUFUN HLDGS LTDadr	$0	–	-550,472	–	-2.80%	–
MBBYF	Exit	MOBILEYE N V AMSTELVEEN	$0	–	-100,604	–	-4.69%	–
SINA	Exit	SINA CORPord	$0	–	-333,909	–	-17.50%	–

Q2 2016

			Value		Shares		↓ Weighting
TAL	New	TAL ED GROUP	$40,535,000	–	653,159	–	40.97%	–
NTES	New	NETEASE INCsponsored adr	$23,018,000	–	119,129	–	23.26%	–
SINA	New	SINA CORPord	$17,320,000	–	333,909	–	17.50%	–
NOAH	New	NOAH HLDGS LTDspon ads cl a	$7,458,000	–	309,324	–	7.54%	–
MBBYF	New	MOBILEYE N V AMSTELVEEN	$4,642,000	–	100,604	–	4.69%	–
SFUN	New	SOUFUN HLDGS LTDadr	$2,769,000	–	550,472	–	2.80%	–
ICON	New	ICONIX BRAND GROUP INC	$2,705,000	–	400,130	–	2.73%	–
COE	New	CHINA ONLINE ED GROUPsponsored adr	$496,000	–	25,000	–	0.50%	–

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