Strategic Vision Investment Ltd Activity Q4 2017-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
NVDA	Buy	NVIDIA CORPORATION	$24,837,929	+72.4%	57,100	+67.7%	23.99%	+301.6%
MSFT	Buy	MICROSOFT CORP	$20,354,192	+187.9%	64,463	+210.5%	19.66%	+570.4%
GOOGL	New	ALPHABET INCcap stk cl a	$14,237,568	–	108,800	–	13.75%	–
BIDU	Sell	BAIDU INCspon adr rep a	$13,653,991	-16.5%	101,630	-15.0%	13.19%	+94.4%
FB	New	META PLATFORMS INCcl a	$12,863,999	–	42,850	–	12.43%	–
PDD	New	PDD HOLDINGS INCsponsored ads	$9,219,855	–	94,013	–	8.91%	–
	Sell	NEW ORIENTAL ED & TECHNOLOGYspon adr	$7,310,319	-59.6%	124,856	-72.8%	7.06%	-6.0%
	Sell	BRAZE INC	$672,772	-93.4%	14,397	-93.8%	0.65%	-84.5%
ADAG	Sell	ADAGENE INCads	$366,155	-15.3%	239,317	-18.1%	0.35%	+97.8%
MRVL	Exit	MARVELL TECHNOLOGY INC	$0	–	-38,300	–	-0.95%	–
SMCI	Exit	SUPER MICRO COMPUTER INC	$0	–	-14,675	–	-1.52%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-67,600	–	-3.39%	–
GOTU	Exit	GAOTU TECHEDU INCsponsored ads	$0	–	-4,226,338	–	-5.07%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-158,500	–	-6.64%	–
ORCL	Exit	ORACLE CORP	$0	–	-140,200	–	-6.92%	–
MSFT	Exit	MICROSOFT CORPcall	$0	–	-130,000	–	-18.36%	–
RLX	Exit	RLX TECHNOLOGY INCsponsored ads	$0	–	-40,280,110	–	-29.57%	–

Q2 2023

			Value		Shares		↓ Weighting
RLX	New	RLX TECHNOLOGY INCsponsored ads	$71,295,795	–	40,280,110	–	29.57%	–
MSFT	New	MICROSOFT CORPcall	$44,270,200	–	130,000	–	18.36%	–
	New	NEW ORIENTAL ED & TECHNOLOGYspon adr	$18,106,165	–	458,500	–	7.51%	–
ORCL	New	ORACLE CORP	$16,696,418	–	140,200	–	6.92%	–
BIDU	New	BAIDU INCspon adr rep a	$16,360,745	–	119,500	–	6.79%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$15,995,820	–	158,500	–	6.64%	–
NVDA	New	NVIDIA CORPORATION	$14,403,831	–	34,050	–	5.97%	–
GOTU	New	GAOTU TECHEDU INCsponsored ads	$12,214,117	–	4,226,338	–	5.07%	–
	New	BRAZE INC	$10,121,051	–	231,127	–	4.20%	–
GOOG	New	ALPHABET INCcap stk cl c	$8,177,572	–	67,600	–	3.39%	–
MSFT	New	MICROSOFT CORP	$7,070,632	–	20,763	–	2.93%	–
SMCI	New	SUPER MICRO COMPUTER INC	$3,657,744	–	14,675	–	1.52%	–
MRVL	New	MARVELL TECHNOLOGY INC	$2,289,574	–	38,300	–	0.95%	–
ADAG	New	ADAGENE INCads	$432,509	–	292,236	–	0.18%	–
	New	YS BIOPHARMA CO LTD*w exp 03/15/202	$1,826	–	38,857	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
STEM	Exit	STEM INC	$0	–	-38,307	–	-0.50%	–
SMIHU	Exit	SUMMIT HEALTHCRE ACQUISTN COunit 06/03/2026	$0	–	-77,715	–	-0.74%	–
XM	Exit	QUALTRICS INTL INC	$0	–	-86,715	–	-0.86%	–
ADAG	Exit	ADAGENE INCads	$0	–	-748,700	–	-0.93%	–
	Exit	BLACK SPADE ACQUISITION COunit 99/99/9999	$0	–	-99,900	–	-0.96%	–
DDOG	Exit	DATADOG INC	$0	–	-17,700	–	-1.53%	–
CRWD	Exit	CROWDSTRIKE HLDGS INCcl a	$0	–	-48,002	–	-7.69%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-49,658	–	-7.91%	–
IWM	Exit	ISHARES TRput	$0	–	-56,000	–	-8.98%	–
NOW	Exit	SERVICENOW INC	$0	–	-29,699	–	-10.90%	–
XRT	Exit	SPDR SER TRput	$0	–	-230,000	–	-12.62%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-77,916	–	-17.64%	–
KWEB	Exit	KRANESHARES TRcall	$0	–	-1,200,000	–	-28.74%	–

Q3 2022

			Value		Shares		↓ Weighting
KWEB	New	KRANESHARES TRcall	$29,568,000	–	1,200,000	–	28.74%	–
MSFT	New	MICROSOFT CORP	$18,147,000	–	77,916	–	17.64%	–
XRT	New	SPDR SER TRput	$12,981,000	–	230,000	–	12.62%	–
NOW	Buy	SERVICENOW INC	$11,215,000	+15.6%	29,699	+45.5%	10.90%	-61.7%
IWM	New	ISHARES TRput	$9,236,000	–	56,000	–	8.98%	–
PANW	New	PALO ALTO NETWORKS INC	$8,133,000	–	49,658	–	7.91%	–
CRWD	New	CROWDSTRIKE HLDGS INCcl a	$7,911,000	–	48,002	–	7.69%	–
DDOG	New	DATADOG INC	$1,571,000	–	17,700	–	1.53%	–
ADAG	Sell	ADAGENE INCads	$958,000	-38.8%	748,700	-3.9%	0.93%	-79.7%
XM	Sell	QUALTRICS INTL INC	$883,000	-31.7%	86,715	-16.1%	0.86%	-77.3%
STEM	Sell	STEM INC	$511,000	-3.9%	38,307	-48.4%	0.50%	-68.1%
	Exit	BRAZE INC	$0	–	-20,500	–	-2.18%	–
NET	Exit	CLOUDFLARE INC	$0	–	-34,800	–	-4.46%	–
ACMR	Exit	ACM RESH INC	$0	–	-290,100	–	-14.31%	–
BZ	Exit	KANZHUN LIMITEDsponsored ads	$0	–	-219,330	–	-16.90%	–
ZTO	Exit	ZTO EXPRESS CAYMAN INCsponsored ads a	$0	–	-232,100	–	-18.68%	–

Q2 2022

			Value		Shares		↓ Weighting
NOW	New	SERVICENOW INC	$9,705,000	–	20,409	–	28.45%	–
ZTO	New	ZTO EXPRESS CAYMAN INCsponsored ads a	$6,371,000	–	232,100	–	18.68%	–
BZ	New	KANZHUN LIMITEDsponsored ads	$5,764,000	–	219,330	–	16.90%	–
ACMR	New	ACM RESH INC	$4,882,000	–	290,100	–	14.31%	–
ADAG	New	ADAGENE INCads	$1,566,000	–	779,133	–	4.59%	–
NET	New	CLOUDFLARE INC	$1,523,000	–	34,800	–	4.46%	–
XM	New	QUALTRICS INTL INC	$1,292,000	–	103,301	–	3.79%	–
	New	BLACK SPADE ACQUISITION COunit 99/99/9999	$977,000	–	99,900	–	2.86%	–
SMIHU	New	SUMMIT HEALTHCRE ACQUISTN COunit 06/03/2026	$758,000	–	77,715	–	2.22%	–
	New	BRAZE INC	$743,000	–	20,500	–	2.18%	–
STEM	New	STEM INC	$532,000	–	74,307	–	1.56%	–

Q4 2021

			Value		Shares		↓ Weighting
NFH	Exit	NEW FRONTIER HEALTH CORP	$0	–	-60,000	–	-0.30%	–
SMIHU	Exit	SUMMIT HEALTHCRE ACQUISTN COunit 06/03/2026	$0	–	-77,715	–	-1.37%	–
	Exit	BLACK SPADE ACQUISITION CO	$0	–	-99,900	–	-1.74%	–
ARTAU	Exit	ARTISAN ACQUISITION CORPunit 03/26/2026	$0	–	-100,000	–	-1.81%	–
NET	Exit	CLOUDFLARE INC	$0	–	-16,100	–	-3.19%	–
ADAG	Exit	ADAGENE INCads	$0	–	-189,700	–	-4.84%	–
ACMR	Exit	ACM RESH INC	$0	–	-55,200	–	-10.68%	–
BZ	Exit	KANZHUN LIMITEDsponsored ads	$0	–	-169,431	–	-10.73%	–
STEM	Exit	STEM INC	$0	–	-278,203	–	-11.69%	–
SE	Exit	SEA LTDsponsord ads	$0	–	-46,800	–	-26.24%	–
FXI	Exit	ISHARES TRput	$0	–	-400,000	–	-27.40%	–

Q3 2021

			Value		Shares		↓ Weighting
FXI	Sell	ISHARES TRput	$15,572,000	-32.8%	400,000	-20.0%	27.40%	+116.3%
SE	Buy	SEA LTDsponsord ads	$14,917,000	+98.3%	46,800	+70.8%	26.24%	+537.7%
STEM	Buy	STEM INC	$6,646,000	+182.2%	278,203	+325.4%	11.69%	+807.8%
BZ	Sell	KANZHUN LIMITEDsponsored ads	$6,098,000	-57.2%	169,431	-52.8%	10.73%	+37.8%
ACMR	New	ACM RESH INC	$6,072,000	–	55,200	–	10.68%	–
	New	BLACK SPADE ACQUISITION CO	$991,000	–	99,900	–	1.74%	–
NFH	New	NEW FRONTIER HEALTH CORP	$173,000	–	60,000	–	0.30%	–
NFHWS	Exit	NEW FRONTIER HEALTH CORP*w exp 11/30/202	$0	–	-60,000	–	-0.09%	–
PONDU	Exit	ANGEL POND HOLDINGS CORPunit 99/99/9999	$0	–	-21,900	–	-0.12%	–
SNOW	Exit	SNOWFLAKE INCcl a	$0	–	-1,700	–	-0.22%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-1,900	–	-0.36%	–
AMZN	Exit	AMAZON COM INC	$0	–	-300	–	-0.56%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-10,000	–	-1.34%	–
RBLX	Exit	ROBLOX CORPcl a	$0	–	-39,900	–	-1.96%	–
KWEB	Exit	KRANESHARES TRput	$0	–	-120,000	–	-4.58%	–
NOW	Exit	SERVICENOW INC	$0	–	-17,402	–	-5.23%	–
XBI	Exit	SPDR SER TRput	$0	–	-75,000	–	-5.55%	–
FTCH	Exit	FARFETCH LTDord sh cl a	$0	–	-258,794	–	-7.13%	–
EEM	Exit	ISHARES TRput	$0	–	-500,000	–	-15.08%	–
ARKK	Exit	ARK ETF TRput	$0	–	-400,000	–	-28.61%	–

Q2 2021

			Value		Shares		↓ Weighting
ARKK	New	ARK ETF TRput	$52,312,000	–	400,000	–	28.61%	–
EEM	New	ISHARES TRput	$27,575,000	–	500,000	–	15.08%	–
FXI	New	ISHARES TRput	$23,165,000	–	500,000	–	12.67%	–
BZ	New	KANZHUN LIMITEDsponsored ads	$14,238,000	–	359,095	–	7.79%	–
FTCH	New	FARFETCH LTDord sh cl a	$13,033,000	–	258,794	–	7.13%	–
XBI	New	SPDR SER TRput	$10,155,000	–	75,000	–	5.55%	–
NOW	New	SERVICENOW INC	$9,563,000	–	17,402	–	5.23%	–
KWEB	New	KRANESHARES TRput	$8,374,000	–	120,000	–	4.58%	–
SE	New	SEA LTDsponsord ads	$7,524,000	–	27,400	–	4.12%	–
RBLX	New	ROBLOX CORPcl a	$3,590,000	–	39,900	–	1.96%	–
ADAG	New	ADAGENE INCads	$2,572,000	–	189,700	–	1.41%	–
CRM	New	SALESFORCE COM INC	$2,443,000	–	10,000	–	1.34%	–
STEM	New	STEM INC	$2,355,000	–	65,403	–	1.29%	–
NET	New	CLOUDFLARE INC	$1,704,000	–	16,100	–	0.93%	–
AMZN	New	AMAZON COM INC	$1,032,000	–	300	–	0.56%	–
ARTAU	New	ARTISAN ACQUISITION CORPunit 03/26/2026	$996,000	–	100,000	–	0.54%	–
SMIHU	New	SUMMIT HEALTHCRE ACQUISTN COunit 06/03/2026	$782,000	–	77,715	–	0.43%	–
FB	New	FACEBOOK INCcl a	$661,000	–	1,900	–	0.36%	–
SNOW	New	SNOWFLAKE INCcl a	$411,000	–	1,700	–	0.22%	–
PONDU	New	ANGEL POND HOLDINGS CORPunit 99/99/9999	$219,000	–	21,900	–	0.12%	–
NFHWS	New	NEW FRONTIER HEALTH CORP*w exp 11/30/202	$159,000	–	60,000	–	0.09%	–

Q4 2020

			Value		Shares		↓ Weighting
NFHWS	Exit	NEW FRONTIER HEALTH CORP*w exp 11/30/202	$0	–	-60,000	–	-0.06%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-925	–	-0.15%	–
AMZN	Exit	AMAZON COM INC	$0	–	-100	–	-0.17%	–
FVRR	Exit	FIVERR INTL LTD	$0	–	-2,400	–	-0.18%	–
NOW	Exit	SERVICENOW INC	$0	–	-1,521	–	-0.41%	–
MAR	Exit	MARRIOTT INTL INC NEWcl a	$0	–	-8,100	–	-0.41%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-4,160	–	-0.48%	–
NET	Exit	CLOUDFLARE INC	$0	–	-38,000	–	-0.86%	–
SE	Exit	SEA LTDsponsord ads	$0	–	-12,200	–	-1.04%	–
SOXX	Exit	ISHARES TRput	$0	–	-10,000	–	-1.68%	–
KWEB	Exit	KRANESHARES TRput	$0	–	-45,000	–	-1.69%	–
NFH	Exit	NEW FRONTIER HEALTH CORP	$0	–	-738,584	–	-3.11%	–
GOTU	Exit	GSX TECHEDU INCsponsored ads	$0	–	-71,933	–	-3.57%	–
HTHT	Exit	HUAZHU GROUP LTDsponsored ads	$0	–	-231,378	–	-5.52%	–
TAL	Exit	TAL EDUCATION GROUPsponsored ads	$0	–	-243,841	–	-10.22%	–
NIU	Exit	NIU TECHNOLOGIESads	$0	–	-1,112,086	–	-11.77%	–
EDU	Exit	NEW ORIENTAL ED & TECHNOLOGYspon adr	$0	–	-711,721	–	-58.67%	–

Q3 2020

			Value		Shares		↓ Weighting
EDU	Buy	NEW ORIENTAL ED & TECHNOLOGYspon adr	$106,402,000	+62.7%	711,721	+41.8%	58.67%	+74.0%
NIU	Buy	NIU TECHNOLOGIESads	$21,352,000	+1784.6%	1,112,086	+1470.7%	11.77%	+1915.9%
TAL	Sell	TAL EDUCATION GROUPsponsored ads	$18,542,000	-74.3%	243,841	-76.9%	10.22%	-72.5%
HTHT	New	HUAZHU GROUP LTDsponsored ads	$10,005,000	–	231,378	–	5.52%	–
GOTU	New	GSX TECHEDU INCsponsored ads	$6,482,000	–	71,933	–	3.57%	–
NFH	Sell	NEW FRONTIER HEALTH CORP	$5,635,000	-10.9%	738,584	-3.3%	3.11%	-4.7%
KWEB	Sell	KRANESHARES TRput	$3,068,000	-29.2%	45,000	-35.7%	1.69%	-24.3%
SOXX	Sell	ISHARES TRput	$3,046,000	-6.3%	10,000	-16.7%	1.68%	+0.2%
SE	New	SEA LTDsponsord ads	$1,879,000	–	12,200	–	1.04%	–
NET	Sell	CLOUDFLARE INC	$1,560,000	-27.4%	38,000	-36.5%	0.86%	-22.5%
MSFT	Sell	MICROSOFT CORP	$875,000	-68.5%	4,160	-69.5%	0.48%	-66.4%
MAR	New	MARRIOTT INTL INC NEWcl a	$750,000	–	8,100	–	0.41%	–
NOW	Sell	SERVICENOW INC	$738,000	-48.2%	1,521	-56.8%	0.41%	-44.6%
FVRR	Sell	FIVERR INTL LTD	$334,000	-70.0%	2,400	-84.1%	0.18%	-68.0%
AMZN	Sell	AMAZON COM INC	$315,000	-71.5%	100	-75.0%	0.17%	-69.4%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$272,000	–	925	–	0.15%	–
ADBE	Exit	ADOBE INC	$0	–	-600	–	-0.14%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-3,000	–	-0.35%	–
DQ	Exit	DAQO NEW ENERGY CORPspnsrd adr new	$0	–	-27,653	–	-1.06%	–
EWZ	Exit	ISHARES INCput	$0	–	-140,000	–	-2.08%	–
INDA	Exit	ISHARES TRput	$0	–	-140,000	–	-2.10%	–
JKS	Exit	JINKOSOLAR HLDG CO LTDsponsored adr	$0	–	-301,811	–	-2.76%	–
ZM	Exit	ZOOM VIDEO COMMUNICATIONS INcl a	$0	–	-64,433	–	-8.42%	–

Q2 2020

			Value		Shares		↓ Weighting
TAL	New	TAL EDUCATION GROUPsponsored ads	$72,068,000	–	1,053,926	–	37.16%	–
EDU	New	NEW ORIENTAL ED & TECHNOLOGYspon adr	$65,385,000	–	502,078	–	33.72%	–
ZM	New	ZOOM VIDEO COMMUNICATIONS INcl a	$16,336,000	–	64,433	–	8.42%	–
NFH	New	NEW FRONTIER HEALTH CORP	$6,322,000	–	763,584	–	3.26%	–
JKS	New	JINKOSOLAR HLDG CO LTDsponsored adr	$5,345,000	–	301,811	–	2.76%	–
KWEB	New	KRANESHARES TRput	$4,336,000	–	70,000	–	2.24%	–
INDA	New	ISHARES TRput	$4,063,000	–	140,000	–	2.10%	–
EWZ	New	ISHARES INCput	$4,026,000	–	140,000	–	2.08%	–
SOXX	New	ISHARES TRput	$3,250,000	–	12,000	–	1.68%	–
MSFT	New	MICROSOFT CORP	$2,780,000	–	13,660	–	1.43%	–
NET	New	CLOUDFLARE INC	$2,150,000	–	59,800	–	1.11%	–
DQ	New	DAQO NEW ENERGY CORPspnsrd adr new	$2,053,000	–	27,653	–	1.06%	–
NOW	New	SERVICENOW INC	$1,426,000	–	3,521	–	0.74%	–
NIU	New	NIU TECHNOLOGIESads	$1,133,000	–	70,800	–	0.58%	–
FVRR	New	FIVERR INTL LTD	$1,115,000	–	15,100	–	0.58%	–
AMZN	New	AMAZON COM INC	$1,104,000	–	400	–	0.57%	–
FB	New	FACEBOOK INCcl a	$681,000	–	3,000	–	0.35%	–
ADBE	New	ADOBE INC	$261,000	–	600	–	0.14%	–
NFHWS	New	NEW FRONTIER HEALTH CORP*w exp 11/30/202	$82,000	–	60,000	–	0.04%	–

Q4 2019

			Value		Shares		↓ Weighting
NFCWS	Exit	NEW FRONTIER CORP*w exp 99/99/999	$0	–	-50,000	–	-0.03%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-15,000	–	-0.43%	–
NFC	Exit	NEW FRONTIER CORP	$0	–	-100,000	–	-0.69%	–
ADBE	Exit	ADOBE INC	$0	–	-4,112	–	-0.77%	–
STAA	Exit	STAAR SURGICAL CO	$0	–	-72,201	–	-1.26%	–
DQ	Exit	DAQO NEW ENERGY CORPspnsrd adr new	$0	–	-97,321	–	-3.03%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-32,000	–	-3.85%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-85,660	–	-8.05%	–
TAL	Exit	TAL EDUCATION GROUPsponsored ads	$0	–	-431,160	–	-9.98%	–
MOMO	Exit	MOMO INCadr	$0	–	-639,355	–	-13.38%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-173,290	–	-19.58%	–
EDU	Exit	NEW ORIENTAL ED & TECH GRP Ispon adr	$0	–	-520,500	–	-38.95%	–

Q3 2019

			Value		Shares		↓ Weighting
EDU	Buy	NEW ORIENTAL ED & TECH GRP Ispon adr	$57,650,000	+225.7%	520,500	+184.0%	38.95%	+395.8%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$28,980,000	-50.4%	173,290	-49.7%	19.58%	-24.4%
MOMO	Buy	MOMO INCadr	$19,807,000	-3.7%	639,355	+11.3%	13.38%	+46.7%
TAL	Sell	TAL EDUCATION GROUPsponsored ads	$14,763,000	-26.4%	431,160	-18.1%	9.98%	+12.0%
MSFT	Sell	MICROSOFT CORP	$11,909,000	-4.5%	85,660	-8.0%	8.05%	+45.5%
FB	Sell	FACEBOOK INCcl a	$5,698,000	-9.4%	32,000	-1.8%	3.85%	+37.9%
DQ	Buy	DAQO NEW ENERGY CORPspnsrd adr new	$4,486,000	+163.9%	97,321	+142.5%	3.03%	+302.0%
STAA	Buy	STAAR SURGICAL CO	$1,861,000	+79.5%	72,201	+104.5%	1.26%	+173.3%
ADBE	New	ADOBE INC	$1,136,000	–	4,112	–	0.77%	–
NFC	New	NEW FRONTIER CORP	$1,019,000	–	100,000	–	0.69%	–
MU	New	MICRON TECHNOLOGY INC	$643,000	–	15,000	–	0.43%	–
NFCWS	New	NEW FRONTIER CORP*w exp 99/99/999	$50,000	–	50,000	–	0.03%	–
NFCU	Exit	NEW FRONTIER CORPunit 99/99/9999	$0	–	-100,000	–	-0.48%	–
HCM	Exit	HUTCHISON CHINA MEDITECH LTDsponsored adr	$0	–	-75,000	–	-0.73%	–
HUYA	Exit	HUYA INC	$0	–	-100,000	–	-1.10%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,131	–	-2.63%	–
JD	Exit	JD COM INCspon adr cl a	$0	–	-692,500	–	-9.31%	–
VIPS	Exit	VIPSHOP HLDGS LTDsponsored ads a	$0	–	-2,931,093	–	-11.22%	–
SOXX	Exit	ISHARES TRput	$0	–	-150,000	–	-13.21%	–

Q2 2019

			Value		Shares		↓ Weighting
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$58,374,000	–	344,490	–	25.90%	–
SOXX	New	ISHARES TRput	$29,762,000	–	150,000	–	13.21%	–
VIPS	New	VIPSHOP HLDGS LTDsponsored ads a	$25,295,000	–	2,931,093	–	11.22%	–
JD	New	JD COM INCspon adr cl a	$20,976,000	–	692,500	–	9.31%	–
MOMO	New	MOMO INCadr	$20,561,000	–	574,300	–	9.12%	–
TAL	New	TAL EDUCATION GROUPsponsored ads	$20,067,000	–	526,700	–	8.90%	–
EDU	New	NEW ORIENTAL ED & TECH GRP Ispon adr	$17,703,000	–	183,300	–	7.86%	–
MSFT	New	MICROSOFT CORP	$12,467,000	–	93,060	–	5.53%	–
FB	New	FACEBOOK INCcl a	$6,292,000	–	32,600	–	2.79%	–
AMZN	New	AMAZON COM INC	$5,929,000	–	3,131	–	2.63%	–
HUYA	New	HUYA INC	$2,471,000	–	100,000	–	1.10%	–
DQ	New	DAQO NEW ENERGY CORPspnsrd adr new	$1,700,000	–	40,134	–	0.75%	–
HCM	New	HUTCHISON CHINA MEDITECH LTDsponsored adr	$1,650,000	–	75,000	–	0.73%	–
NFCU	New	NEW FRONTIER CORPunit 99/99/9999	$1,071,000	–	100,000	–	0.48%	–
STAA	New	STAAR SURGICAL CO	$1,037,000	–	35,300	–	0.46%	–

Q4 2018

			Value		Shares		↓ Weighting
LULU	Exit	LULULEMON ATHLETICA INC	$0	–	-5,800	–	-1.70%	–
NFCU	Exit	NEW FRONTIER CORPunit 99/99/9999	$0	–	-100,000	–	-1.84%	–
QCOM	Exit	QUALCOMM INC	$0	–	-29,600	–	-3.86%	–
NVDA	Exit	NVIDIA CORP	$0	–	-12,250	–	-6.23%	–
YY	Exit	YY INC	$0	–	-58,300	–	-7.90%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-38,900	–	-8.04%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-24,500	–	-10.14%	–
TSLA	Exit	TESLA INC	$0	–	-21,450	–	-10.27%	–
AAPL	Exit	APPLE INC	$0	–	-29,200	–	-11.92%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-50,000	–	-14.87%	–
AMZN	Exit	AMAZON COM INC	$0	–	-6,410	–	-23.22%	–

Q3 2018

			Value		Shares		↓ Weighting
AMZN	Buy	AMAZON COM INC	$12,839,000	+739.2%	6,410	+612.2%	23.22%	+1693.3%
FB	Sell	FACEBOOK INCcl a	$8,223,000	-76.9%	50,000	-72.7%	14.87%	-50.6%
AAPL	New	APPLE INC	$6,592,000	–	29,200	–	11.92%	–
TSLA	Sell	TESLA INC	$5,679,000	-51.5%	21,450	-37.2%	10.27%	+3.7%
BIDU	New	BAIDU INCspon adr rep a	$5,603,000	–	24,500	–	10.14%	–
MSFT	New	MICROSOFT CORP	$4,445,000	–	38,900	–	8.04%	–
YY	New	YY INC	$4,368,000	–	58,300	–	7.90%	–
NVDA	Sell	NVIDIA CORP	$3,442,000	-82.9%	12,250	-85.6%	6.23%	-63.5%
QCOM	New	QUALCOMM INC	$2,132,000	–	29,600	–	3.86%	–
LULU	New	LULULEMON ATHLETICA INC	$942,000	–	5,800	–	1.70%	–
ICLK	Exit	ICLICK INTRACTVE ASIA GRP LTsponsored adr	$0	–	-293,000	–	-1.58%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-80,764	–	-12.68%	–
MICR	Exit	MICRON SOLUTIONS INC	$0	–	-290,680	–	-12.90%	–
TAL	Exit	TAL ED GROUPsponsored ads	$0	–	-438,100	–	-13.64%	–

Q2 2018

			Value		Shares		↓ Weighting
FB	New	FACEBOOK INCcl a	$35,551,000	–	182,950	–	30.09%	–
NVDA	New	NVIDIA CORP	$20,148,000	–	85,050	–	17.05%	–
TAL	New	TAL ED GROUPsponsored ads	$16,122,000	–	438,100	–	13.64%	–
MICR	New	MICRON SOLUTIONS INC	$15,244,000	–	290,680	–	12.90%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$14,984,000	–	80,764	–	12.68%	–
TSLA	New	TESLA INC	$11,708,000	–	34,140	–	9.91%	–
ICLK	New	ICLICK INTRACTVE ASIA GRP LTsponsored adr	$1,861,000	–	293,000	–	1.58%	–
AMZN	New	AMAZON COM INC	$1,530,000	–	900	–	1.30%	–
NFCU	New	NEW FRONTIER CORPunit 99/99/9999	$1,005,000	–	100,000	–	0.85%	–

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