Taikang Asset Management (Hong Kong) Co Ltd Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KDP	KEURIG DR PEPPER INC	508,697	$13,394	1.3%	$28.32	0.0%	COM	49271V100
ZTS	ZOETIS INC	109,056	$12,892	1.3%	$125.98	0.0%	CL A	98978V103
PTC	PTC INC	68,982	$9,829	1.0%	$160.93	0.0%	COM	69370C100
ETN	EATON CORP PLC	24,293	$8,689	0.9%	$353.63	0.0%	SHS	G29183103
MDT	MEDTRONIC PLC	98,104	$8,501	0.8%	$99.51	0.0%	SHS	G5960L103
TXN	TEXAS INSTRS INC	40,566	$7,875	0.8%	$206.27	0.0%	COM	882508104
LPLA	LPL FINL HLDGS INC	26,041	$7,834	0.8%	$356.93	0.0%	COM	50212V100
CNP	CENTERPOINT ENERGY INC	166,612	$7,191	0.7%	$40.01	0.0%	COM	15189T107
AUR	AURORA INNOVATION INC	1,331,259	$5,485	0.5%	$4.48	0.0%	CLASS A COM	051774107
ACM	AECOM	49,496	$4,198	0.4%	$97.10	0.0%	COM	00766T100
XOM	EXXON MOBIL CORP	596	$101	0.0%	$138.74	0.0%	COM	30231G102

Increased Positions (38)

PDD PDD HOLDINGS INC 2.7%

Value ($000) $26,976 (+148.7%) Shares 264,003 (+176.0%) Est. Cost $102.49 Unrealized —

MU MICRON TECHNOLOGY INC 2.4%

Value ($000) $23,699 (+203.8%) Shares 70,150 (+156.7%) Est. Cost $325.61 Unrealized +18.9%

TSM TAIWAN SEMICONDUCTOR MANUFAC 2.8%

Value ($000) $28,520 (+58.3%) Shares 84,392 (+42.4%) Est. Cost $314.03 Unrealized —

AVGO BROADCOM INC 1.7%

Value ($000) $17,033 (+114.9%) Shares 55,031 (+140.3%) Est. Cost $332.08 Unrealized +0.6%

CFG CITIZENS FINL GROUP INC 1.4%

Value ($000) $14,293 (+133.6%) Shares 238,340 (+127.6%) Est. Cost $55.75 Unrealized +13.2%

FUTU FUTU HLDGS LTD 3.8%

Value ($000) $37,809 (+26.1%) Shares 276,466 (+51.4%) Est. Cost $154.89 Unrealized —

COP CONOCOPHILLIPS 1.7%

Value ($000) $17,051 (+60.5%) Shares 129,176 (+13.8%) Est. Cost $95.86 Unrealized +7.1%

QXO QXO INC 1.7%

Value ($000) $17,556 (+54.1%) Shares 903,995 (+53.0%) Est. Cost $20.89 Unrealized +15.6%

MSFT MICROSOFT CORP 2.6%

Value ($000) $26,071 (-17.6%) Shares 70,430 (+7.6%) Est. Cost $370.12 Unrealized +17.4%

UBER UBER TECHNOLOGIES INC 1.2%

Value ($000) $12,010 (+52.0%) Shares 166,974 (+72.6%) Est. Cost $82.58 Unrealized -4.7%

ADSK AUTODESK INC 0.7%

Value ($000) $7,349 (+126.1%) Shares 30,697 (+179.5%) Est. Cost $257.56 Unrealized -1.5%

WFC WELLS FARGO & CO 0.8%

Value ($000) $8,427 (+81.2%) Shares 105,857 (+112.1%) Est. Cost $83.40 Unrealized +8.0%

ALGN ALIGN TECHNOLOGY INC 0.9%

Value ($000) $9,423 (+65.5%) Shares 54,966 (+50.7%) Est. Cost $153.86 Unrealized +13.5%

EFX EQUIFAX INC 1.4%

Value ($000) $13,901 (+34.0%) Shares 77,197 (+61.5%) Est. Cost $231.11 Unrealized -11.6%

BE BLOOM ENERGY CORP 0.4%

Value ($000) $4,427 (+151.8%) Shares 32,674 (+61.5%) Est. Cost $83.83 Unrealized +72.6%

PGR PROGRESSIVE CORP 0.7%

Value ($000) $6,571 (+64.1%) Shares 33,145 (+88.5%) Est. Cost $227.06 Unrealized -9.0%

AVTR AVANTOR INC 0.8%

Value ($000) $7,988 (+43.3%) Shares 1,018,891 (+109.4%) Est. Cost $11.80 Unrealized -6.8%

QCOM QUALCOMM INC 1.2%

Value ($000) $12,270 (+24.1%) Shares 95,280 (+64.8%) Est. Cost $161.06 Unrealized -4.4%

TEL TE CONNECTIVITY PLC 1.3%

Value ($000) $12,667 (+21.8%) Shares 60,603 (+32.6%) Est. Cost $174.43 Unrealized +31.8%

ELV ELEVANCE HEALTH INC FORMERLY 1.3%

Value ($000) $13,451 (+18.9%) Shares 45,946 (+42.3%) Est. Cost $378.47 Unrealized -7.1%

CPAY CORPAY INC 1.4%

Value ($000) $13,642 (+16.2%) Shares 46,883 (+20.1%) Est. Cost $330.74 Unrealized -1.0%

BABA ALIBABA GROUP HLDG LTD 3.0%

Value ($000) $30,110 (-5.1%) Shares 240,000 (+10.8%) Est. Cost $249.33 Unrealized —

SPGI S&P GLOBAL INC 0.5%

Value ($000) $5,447 (+32.3%) Shares 12,807 (+62.5%) Est. Cost $447.07 Unrealized +8.5%

SPOT SPOTIFY TECHNOLOGY S A 1.1%

Value ($000) $11,042 (+12.4%) Shares 22,772 (+34.6%) Est. Cost $627.19 Unrealized -20.7%

ORCL ORACLE CORP 0.5%

Value ($000) $4,876 (+27.5%) Shares 33,145 (+68.9%) Est. Cost $164.40 Unrealized +3.2%

FISV FISERV INC 0.9%

Value ($000) $9,154 (+11.1%) Shares 164,057 (+33.8%) Est. Cost $121.61 Unrealized -47.4%

V VISA INC 2.1%

Value ($000) $21,099 (+4.4%) Shares 69,810 (+21.2%) Est. Cost $280.41 Unrealized +17.4%

META META PLATFORMS INC 0.9%

Value ($000) $9,362 (+9.6%) Shares 16,363 (+26.4%) Est. Cost $610.30 Unrealized +7.4%

AJG GALLAGHER ARTHUR J & CO 1.5%

Value ($000) $14,746 (-4.6%) Shares 68,084 (+14.0%) Est. Cost $278.31 Unrealized -13.6%

CRM SALESFORCE INC 0.7%

Value ($000) $6,859 (-7.3%) Shares 36,743 (+31.6%) Est. Cost $249.93 Unrealized -13.7%

NTES NETEASE COM INC 0.9%

Value ($000) $8,955 (+5.0%) Shares 80,000 (+29.0%) Est. Cost $111.13 Unrealized —

SNPS SYNOPSYS INC 1.6%

Value ($000) $16,302 (+2.6%) Shares 41,118 (+21.6%) Est. Cost $445.29 Unrealized +5.9%

BZ KANZHUN LIMITED 0.1%

Value ($000) $599 (-31.7%) Shares 44,740 (+3.9%) Est. Cost $22.78 Unrealized —

ADBE ADOBE INC 0.7%

Value ($000) $6,950 (+4.1%) Shares 28,591 (+49.9%) Est. Cost $352.70 Unrealized -17.8%

BRO BROWN & BROWN INC 1.0%

Value ($000) $9,790 (+2.1%) Shares 150,136 (+24.8%) Est. Cost $92.62 Unrealized -19.9%

BIDU BAIDU INC 0.2%

Value ($000) $1,560 (+8.5%) Shares 14,000 (+27.3%) Est. Cost $126.54 Unrealized —

NBP NOVABRIDGE BIOSCIENCES 0.0%

Value ($000) $420 (-18.0%) Shares 170,931 (+32.7%) Est. Cost $3.61 Unrealized —

IQV IQVIA HLDGS INC 1.0%

Value ($000) $10,545 (+0.5%) Shares 61,835 (+32.9%) Est. Cost $197.34 Unrealized +6.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PDD	PDD HOLDINGS INC	264,003 (+176.0%)	$26,976 (+148.7%)	2.7%	$102.49	—	SPONSORED ADS	722304102
MU	MICRON TECHNOLOGY INC	70,150 (+156.7%)	$23,699 (+203.8%)	2.4%	$325.61	+18.9%	COM	595112103
TSM	TAIWAN SEMICONDUCTOR MANUFAC	84,392 (+42.4%)	$28,520 (+58.3%)	2.8%	$314.03	—	SPONSORED ADS	874039100
AVGO	BROADCOM INC	55,031 (+140.3%)	$17,033 (+114.9%)	1.7%	$332.08	+0.6%	COM	11135F101
CFG	CITIZENS FINL GROUP INC	238,340 (+127.6%)	$14,293 (+133.6%)	1.4%	$55.75	+13.2%	COM	174610105
FUTU	FUTU HLDGS LTD	276,466 (+51.4%)	$37,809 (+26.1%)	3.8%	$154.89	—	SPON ADS CL A	36118L106
COP	CONOCOPHILLIPS	129,176 (+13.8%)	$17,051 (+60.5%)	1.7%	$95.86	+7.1%	COM	20825C104
QXO	QXO INC	903,995 (+53.0%)	$17,556 (+54.1%)	1.7%	$20.89	+15.6%	COM NEW	82846H405
MSFT	MICROSOFT CORP	70,430 (+7.6%)	$26,071 (-17.6%)	2.6%	$370.12	+17.4%	COM	594918104
UBER	UBER TECHNOLOGIES INC	166,974 (+72.6%)	$12,010 (+52.0%)	1.2%	$82.58	-4.7%	COM	90353T100
ADSK	AUTODESK INC	30,697 (+179.5%)	$7,349 (+126.1%)	0.7%	$257.56	-1.5%	COM	052769106
WFC	WELLS FARGO & CO	105,857 (+112.1%)	$8,427 (+81.2%)	0.8%	$83.40	+8.0%	COM	949746101
ALGN	ALIGN TECHNOLOGY INC	54,966 (+50.7%)	$9,423 (+65.5%)	0.9%	$153.86	+13.5%	COM	016255101
EFX	EQUIFAX INC	77,197 (+61.5%)	$13,901 (+34.0%)	1.4%	$231.11	-11.6%	COM	294429105
BE	BLOOM ENERGY CORP	32,674 (+61.5%)	$4,427 (+151.8%)	0.4%	$83.83	+72.6%	COM CL A	093712107
PGR	PROGRESSIVE CORP	33,145 (+88.5%)	$6,571 (+64.1%)	0.7%	$227.06	-9.0%	COM	743315103
AVTR	AVANTOR INC	1,018,891 (+109.4%)	$7,988 (+43.3%)	0.8%	$11.80	-6.8%	COM	05352A100
QCOM	QUALCOMM INC	95,280 (+64.8%)	$12,270 (+24.1%)	1.2%	$161.06	-4.4%	COM	747525103
TEL	TE CONNECTIVITY PLC	60,603 (+32.6%)	$12,667 (+21.8%)	1.3%	$174.43	+31.8%	ORD SHS	G87052109
ELV	ELEVANCE HEALTH INC FORMERLY	45,946 (+42.3%)	$13,451 (+18.9%)	1.3%	$378.47	-7.1%	COM	036752103
CPAY	CORPAY INC	46,883 (+20.1%)	$13,642 (+16.2%)	1.4%	$330.74	-1.0%	COM SHS	219948106
BABA	ALIBABA GROUP HLDG LTD	240,000 (+10.8%)	$30,110 (-5.1%)	3.0%	$249.33	—	SPONSORED ADS	01609W102
SPGI	S&P GLOBAL INC	12,807 (+62.5%)	$5,447 (+32.3%)	0.5%	$447.07	+8.5%	COM	78409V104
SPOT	SPOTIFY TECHNOLOGY S A	22,772 (+34.6%)	$11,042 (+12.4%)	1.1%	$627.19	-20.7%	SHS	L8681T102
ORCL	ORACLE CORP	33,145 (+68.9%)	$4,876 (+27.5%)	0.5%	$164.40	+3.2%	COM	68389X105
FISV	FISERV INC	164,057 (+33.8%)	$9,154 (+11.1%)	0.9%	$121.61	-47.4%	COM	337738108
V	VISA INC	69,810 (+21.2%)	$21,099 (+4.4%)	2.1%	$280.41	+17.4%	COM CL A	92826C839
META	META PLATFORMS INC	16,363 (+26.4%)	$9,362 (+9.6%)	0.9%	$610.30	+7.4%	CL A	30303M102
AJG	GALLAGHER ARTHUR J & CO	68,084 (+14.0%)	$14,746 (-4.6%)	1.5%	$278.31	-13.6%	COM	363576109
CRM	SALESFORCE INC	36,743 (+31.6%)	$6,859 (-7.3%)	0.7%	$249.93	-13.7%	COM	79466L302
NTES	NETEASE COM INC	80,000 (+29.0%)	$8,955 (+5.0%)	0.9%	$111.13	—	SPONSORED ADS	64110W102
SNPS	SYNOPSYS INC	41,118 (+21.6%)	$16,302 (+2.6%)	1.6%	$445.29	+5.9%	COM	871607107
BZ	KANZHUN LIMITED	44,740 (+3.9%)	$599 (-31.7%)	0.1%	$22.78	—	SPONSORED ADS	48553T106
ADBE	ADOBE INC	28,591 (+49.9%)	$6,950 (+4.1%)	0.7%	$352.70	-17.8%	COM	00724F101
BRO	BROWN & BROWN INC	150,136 (+24.8%)	$9,790 (+2.1%)	1.0%	$92.62	-19.9%	COM	115236101
BIDU	BAIDU INC	14,000 (+27.3%)	$1,560 (+8.5%)	0.2%	$126.54	—	SPON ADR REP A	056752108
NBP	NOVABRIDGE BIOSCIENCES	170,931 (+32.7%)	$420 (-18.0%)	0.0%	$3.61	—	SPONSORED ADS	44975P103
IQV	IQVIA HLDGS INC	61,835 (+32.9%)	$10,545 (+0.5%)	1.0%	$197.34	+6.5%	COM	46266C105

Exited Positions (42)

ROP ROPER TECHNOLOGIES INC 0.8%

Value ($000) $7,683 Shares 17,260 Est. Cost $531.36 Unrealized -28.8%

GDS GDS HLDGS LTD 0.7%

Value ($000) $6,980 Shares 200,000 Est. Cost $35.51 Unrealized —

XPEV XPENG INC 0.6%

Value ($000) $6,261 Shares 308,737 Est. Cost $20.28 Unrealized —

PWR QUANTA SVCS INC 0.5%

Value ($000) $5,014 Shares 11,879 Est. Cost $270.59 Unrealized +79.7%

COST COSTCO WHSL CORP NEW 0.5%

Value ($000) $4,991 Shares 5,788 Est. Cost $691.80 Unrealized +39.3%

IDXX IDEXX LABS INC 0.5%

Value ($000) $4,722 Shares 6,979 Est. Cost $433.19 Unrealized +54.7%

LMT LOCKHEED MARTIN CORP 0.5%

Value ($000) $4,653 Shares 9,621 Est. Cost $476.18 Unrealized +26.2%

ISRG INTUITIVE SURGICAL INC 0.5%

Value ($000) $4,602 Shares 8,125 Est. Cost $370.05 Unrealized +40.8%

CARR CARRIER GLOBAL CORPORATION 0.4%

Value ($000) $4,450 Shares 84,220 Est. Cost $55.53 Unrealized +7.5%

INTU INTUIT 0.4%

Value ($000) $4,164 Shares 6,286 Est. Cost $540.81 Unrealized -8.0%

NDAQ NASDAQ INC 0.4%

Value ($000) $4,164 Shares 42,868 Est. Cost $60.07 Unrealized +52.7%

CDNS CADENCE DESIGN SYSTEM INC 0.4%

Value ($000) $3,937 Shares 12,594 Est. Cost $214.86 Unrealized +41.2%

QQQ INVESCO QQQ TR 0.4%

Value ($000) $3,934 Shares 6,404 Est. Cost $575.22 Unrealized —

FICO FAIR ISAAC CORP 0.4%

Value ($000) $3,807 Shares 2,252 Est. Cost $1559.14 Unrealized -5.9%

MCO MOODYS CORP 0.4%

Value ($000) $3,794 Shares 7,426 Est. Cost $367.16 Unrealized +33.3%

MA MASTERCARD INCORPORATED 0.4%

Value ($000) $3,718 Shares 6,512 Est. Cost $391.52 Unrealized +37.7%

MSCI MSCI INC 0.4%

Value ($000) $3,563 Shares 6,210 Est. Cost $519.96 Unrealized +9.5%

J JACOBS SOLUTIONS INC 0.3%

Value ($000) $3,342 Shares 25,227 Est. Cost $146.41 Unrealized -5.4%

WM WASTE MGMT INC DEL 0.3%

Value ($000) $3,098 Shares 14,100 Est. Cost $210.23 Unrealized +7.5%

CSGP COSTAR GROUP INC 0.3%

Value ($000) $3,091 Shares 45,969 Est. Cost $76.31 Unrealized -25.4%

TW TRADEWEB MKTS INC 0.3%

Value ($000) $2,964 Shares 27,563 Est. Cost $101.40 Unrealized +7.8%

VRSK VERISK ANALYTICS INC 0.3%

Value ($000) $2,893 Shares 12,931 Est. Cost $212.43 Unrealized -4.1%

TMO THERMO FISHER SCIENTIFIC INC 0.3%

Value ($000) $2,883 Shares 4,975 Est. Cost $518.82 Unrealized +10.8%

EWJ ISHARES INC 0.3%

Value ($000) $2,665 Shares 33,005 Est. Cost $69.89 Unrealized —

CPRT COPART INC 0.3%

Value ($000) $2,631 Shares 67,196 Est. Cost $53.50 Unrealized -26.8%

ROL ROLLINS INC 0.3%

Value ($000) $2,553 Shares 42,529 Est. Cost $46.99 Unrealized +31.6%

PANW PALO ALTO NETWORKS INC 0.2%

Value ($000) $2,348 Shares 12,745 Est. Cost $191.42 Unrealized -10.1%

TTD THE TRADE DESK INC 0.2%

Value ($000) $2,229 Shares 58,716 Est. Cost $79.95 Unrealized -61.0%

NOW SERVICENOW INC 0.2%

Value ($000) $2,187 Shares 14,275 Est. Cost $173.98 Unrealized -30.3%

AXON AXON ENTERPRISE INC 0.2%

Value ($000) $1,794 Shares 3,158 Est. Cost $614.85 Unrealized -14.3%

ACN ACCENTURE PLC IRELAND 0.2%

Value ($000) $1,742 Shares 6,492 Est. Cost $275.09 Unrealized -7.9%

LIN LINDE PLC 0.2%

Value ($000) $1,667 Shares 3,909 Est. Cost $388.63 Unrealized +18.4%

EQIX EQUINIX INC 0.2%

Value ($000) $1,552 Shares 2,026 Est. Cost $707.27 Unrealized +8.0%

BAH BOOZ ALLEN HAMILTON HLDG COR 0.2%

Value ($000) $1,516 Shares 17,968 Est. Cost $143.65 Unrealized -39.4%

CRWD CROWDSTRIKE HLDGS INC 0.1%

Value ($000) $1,494 Shares 3,188 Est. Cost $454.77 Unrealized -5.2%

IT GARTNER INC 0.1%

Value ($000) $1,349 Shares 5,346 Est. Cost $439.44 Unrealized -54.9%

RSG REPUBLIC SVCS INC 0.1%

Value ($000) $1,272 Shares 6,004 Est. Cost $222.75 Unrealized -2.8%

VMC VULCAN MATLS CO 0.1%

Value ($000) $859 Shares 3,010 Est. Cost $254.40 Unrealized +20.6%

TJX TJX COS INC NEW 0.1%

Value ($000) $706 Shares 4,598 Est. Cost $132.28 Unrealized +16.6%

SOXX ISHARES TR 0.1%

Value ($000) $584 Shares 1,940 Est. Cost $301.15 Unrealized —

EWH ISHARES INC 0.1%

Value ($000) $574 Shares 26,993 Est. Cost $16.98 Unrealized —

CSIQ CANADIAN SOLAR INC 0.0%

Value ($000) $69 Shares 2,900 Est. Cost $21.80 Unrealized -4.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ROP	ROPER TECHNOLOGIES INC	17,260	$7,683	0.8%	$531.36	-28.8%	—	776696106
GDS	GDS HLDGS LTD	200,000	$6,980	0.7%	$35.51	—	—	36165L108
XPEV	XPENG INC	308,737	$6,261	0.6%	$20.28	—	—	98422D105
PWR	QUANTA SVCS INC	11,879	$5,014	0.5%	$270.59	+79.7%	—	74762E102
COST	COSTCO WHSL CORP NEW	5,788	$4,991	0.5%	$691.80	+39.3%	—	22160K105
IDXX	IDEXX LABS INC	6,979	$4,722	0.5%	$433.19	+54.7%	—	45168D104
LMT	LOCKHEED MARTIN CORP	9,621	$4,653	0.5%	$476.18	+26.2%	—	539830109
ISRG	INTUITIVE SURGICAL INC	8,125	$4,602	0.5%	$370.05	+40.8%	—	46120E602
CARR	CARRIER GLOBAL CORPORATION	84,220	$4,450	0.4%	$55.53	+7.5%	—	14448C104
INTU	INTUIT	6,286	$4,164	0.4%	$540.81	-8.0%	—	461202103
NDAQ	NASDAQ INC	42,868	$4,164	0.4%	$60.07	+52.7%	—	631103108
CDNS	CADENCE DESIGN SYSTEM INC	12,594	$3,937	0.4%	$214.86	+41.2%	—	127387108
QQQ	INVESCO QQQ TR	6,404	$3,934	0.4%	$575.22	—	—	46090E103
FICO	FAIR ISAAC CORP	2,252	$3,807	0.4%	$1559.14	-5.9%	—	303250104
MCO	MOODYS CORP	7,426	$3,794	0.4%	$367.16	+33.3%	—	615369105
MA	MASTERCARD INCORPORATED	6,512	$3,718	0.4%	$391.52	+37.7%	—	57636Q104
MSCI	MSCI INC	6,210	$3,563	0.4%	$519.96	+9.5%	—	55354G100
J	JACOBS SOLUTIONS INC	25,227	$3,342	0.3%	$146.41	-5.4%	—	46982L108
WM	WASTE MGMT INC DEL	14,100	$3,098	0.3%	$210.23	+7.5%	—	94106L109
CSGP	COSTAR GROUP INC	45,969	$3,091	0.3%	$76.31	-25.4%	—	22160N109
TW	TRADEWEB MKTS INC	27,563	$2,964	0.3%	$101.40	+7.8%	—	892672106
VRSK	VERISK ANALYTICS INC	12,931	$2,893	0.3%	$212.43	-4.1%	—	92345Y106
TMO	THERMO FISHER SCIENTIFIC INC	4,975	$2,883	0.3%	$518.82	+10.8%	—	883556102
EWJ	ISHARES INC	33,005	$2,665	0.3%	$69.89	—	—	46434G822
CPRT	COPART INC	67,196	$2,631	0.3%	$53.50	-26.8%	—	217204106
ROL	ROLLINS INC	42,529	$2,553	0.3%	$46.99	+31.6%	—	775711104
PANW	PALO ALTO NETWORKS INC	12,745	$2,348	0.2%	$191.42	-10.1%	—	697435105
TTD	THE TRADE DESK INC	58,716	$2,229	0.2%	$79.95	-61.0%	—	88339J105
NOW	SERVICENOW INC	14,275	$2,187	0.2%	$173.98	-30.3%	—	81762P102
AXON	AXON ENTERPRISE INC	3,158	$1,794	0.2%	$614.85	-14.3%	—	05464C101
ACN	ACCENTURE PLC IRELAND	6,492	$1,742	0.2%	$275.09	-7.9%	—	G1151C101
LIN	LINDE PLC	3,909	$1,667	0.2%	$388.63	+18.4%	—	G54950103
EQIX	EQUINIX INC	2,026	$1,552	0.2%	$707.27	+8.0%	—	29444U700
BAH	BOOZ ALLEN HAMILTON HLDG COR	17,968	$1,516	0.2%	$143.65	-39.4%	—	099502106
CRWD	CROWDSTRIKE HLDGS INC	3,188	$1,494	0.1%	$454.77	-5.2%	—	22788C105
IT	GARTNER INC	5,346	$1,349	0.1%	$439.44	-54.9%	—	366651107
RSG	REPUBLIC SVCS INC	6,004	$1,272	0.1%	$222.75	-2.8%	—	760759100
VMC	VULCAN MATLS CO	3,010	$859	0.1%	$254.40	+20.6%	—	929160109
TJX	TJX COS INC NEW	4,598	$706	0.1%	$132.28	+16.6%	—	872540109
SOXX	ISHARES TR	1,940	$584	0.1%	$301.15	—	—	464287523
EWH	ISHARES INC	26,993	$574	0.1%	$16.98	—	—	464286871
CSIQ	CANADIAN SOLAR INC	2,900	$69	0.0%	$21.80	-4.2%	—	136635109

Decreased Positions (20)

NVDA NVIDIA CORPORATION 2.0%

Value ($000) $20,060 (-50.9%) Shares 115,022 (-47.5%) Est. Cost $113.60 Unrealized +64.3%

LITE LUMENTUM HLDGS INC 3.9%

Value ($000) $39,050 (+88.4%) Shares 55,567 (-1.2%) Est. Cost $256.82 Unrealized +81.9%

AAPL APPLE INC 3.9%

Value ($000) $39,591 (-30.1%) Shares 156,000 (-25.1%) Est. Cost $158.37 Unrealized +66.0%

GOOG ALPHABET INC 3.6%

Value ($000) $36,453 (-28.6%) Shares 127,075 (-21.9%) Est. Cost $226.56 Unrealized +42.9%

AMZN AMAZON COM INC 2.3%

Value ($000) $22,792 (-20.2%) Shares 109,436 (-11.6%) Est. Cost $194.95 Unrealized +16.4%

EXPE EXPEDIA GROUP INC 0.5%

Value ($000) $5,419 (-48.7%) Shares 23,468 (-37.1%) Est. Cost $173.09 Unrealized +46.4%

TCOM TRIP COM GROUP LTD 0.1%

Value ($000) $996 (-82.7%) Shares 20,000 (-75.0%) Est. Cost $66.85 Unrealized —

URI UNITED RENTALS INC 0.7%

Value ($000) $7,300 (-27.5%) Shares 10,020 (-19.4%) Est. Cost $737.90 Unrealized +19.6%

STX SEAGATE TECHNOLOGY HLDNGS PL 1.2%

Value ($000) $12,436 (+26.2%) Shares 31,744 (-11.3%) Est. Cost $169.71 Unrealized +121.8%

UNH UNITEDHEALTH GROUP INC 0.9%

Value ($000) $9,267 (-21.4%) Shares 34,249 (-4.1%) Est. Cost $386.53 Unrealized -20.1%

EWC ISHARES INC 0.1%

Value ($000) $828 (-72.2%) Shares 15,120 (-72.6%) Est. Cost $39.30 Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.7%

Value ($000) $6,763 (-23.7%) Shares 211,277 (-11.8%) Est. Cost $41.91 Unrealized -7.4%

PPL PPL CORP 0.6%

Value ($000) $5,801 (-22.8%) Shares 151,871 (-29.2%) Est. Cost $35.52 Unrealized +2.0%

USB US BANCORP 1.4%

Value ($000) $14,124 (-8.5%) Shares 271,560 (-6.2%) Est. Cost $45.27 Unrealized +25.1%

APG API GROUP CORP 0.8%

Value ($000) $8,378 (-4.2%) Shares 206,767 (-9.6%) Est. Cost $29.89 Unrealized +43.3%

AMT AMERICAN TOWER CORP 0.5%

Value ($000) $5,057 (-4.6%) Shares 29,303 (-3.0%) Est. Cost $180.30 Unrealized -3.0%

ADI ANALOG DEVICES INC 0.5%

Value ($000) $5,283 (-3.2%) Shares 16,607 (-17.5%) Est. Cost $216.26 Unrealized +46.2%

TRU TRANSUNION 0.0%

Value ($000) $230 (-36.5%) Shares 3,325 (-21.3%) Est. Cost $86.74 Unrealized -9.0%

WTW WILLIS TOWERS WATSON PLC LTD 0.0%

Value ($000) $397 (-24.5%) Shares 1,366 (-14.6%) Est. Cost $299.52 Unrealized +5.1%

PM PHILIP MORRIS INTL INC 2.1%

Value ($000) $21,035 (+0.6%) Shares 127,221 (-2.4%) Est. Cost $134.42 Unrealized +30.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	115,022 (-47.5%)	$20,060 (-50.9%)	2.0%	$113.60	+64.3%	COM	67066G104
LITE	LUMENTUM HLDGS INC	55,567 (-1.2%)	$39,050 (+88.4%)	3.9%	$256.82	+81.9%	COM	55024U109
AAPL	APPLE INC	156,000 (-25.1%)	$39,591 (-30.1%)	3.9%	$158.37	+66.0%	COM	037833100
GOOG	ALPHABET INC	127,075 (-21.9%)	$36,453 (-28.6%)	3.6%	$226.56	+42.9%	CAP STK CL C	02079K107
AMZN	AMAZON COM INC	109,436 (-11.6%)	$22,792 (-20.2%)	2.3%	$194.95	+16.4%	COM	023135106
EXPE	EXPEDIA GROUP INC	23,468 (-37.1%)	$5,419 (-48.7%)	0.5%	$173.09	+46.4%	COM NEW	30212P303
TCOM	TRIP COM GROUP LTD	20,000 (-75.0%)	$996 (-82.7%)	0.1%	$66.85	—	ADS	89677Q107
URI	UNITED RENTALS INC	10,020 (-19.4%)	$7,300 (-27.5%)	0.7%	$737.90	+19.6%	COM	911363109
STX	SEAGATE TECHNOLOGY HLDNGS PL	31,744 (-11.3%)	$12,436 (+26.2%)	1.2%	$169.71	+121.8%	ORD SHS	G7997R103
UNH	UNITEDHEALTH GROUP INC	34,249 (-4.1%)	$9,267 (-21.4%)	0.9%	$386.53	-20.1%	COM	91324P102
EWC	ISHARES INC	15,120 (-72.6%)	$828 (-72.2%)	0.1%	$39.30	—	MSCI CDA ETF	464286509
CMG	CHIPOTLE MEXICAN GRILL INC	211,277 (-11.8%)	$6,763 (-23.7%)	0.7%	$41.91	-7.4%	COM	169656105
PPL	PPL CORP	151,871 (-29.2%)	$5,801 (-22.8%)	0.6%	$35.52	+2.0%	COM	69351T106
USB	US BANCORP	271,560 (-6.2%)	$14,124 (-8.5%)	1.4%	$45.27	+25.1%	COM NEW	902973304
APG	API GROUP CORP	206,767 (-9.6%)	$8,378 (-4.2%)	0.8%	$29.89	+43.3%	COM STK	00187Y100
AMT	AMERICAN TOWER CORP	29,303 (-3.0%)	$5,057 (-4.6%)	0.5%	$180.30	-3.0%	COM	03027X100
ADI	ANALOG DEVICES INC	16,607 (-17.5%)	$5,283 (-3.2%)	0.5%	$216.26	+46.2%	COM	032654105
TRU	TRANSUNION	3,325 (-21.3%)	$230 (-36.5%)	0.0%	$86.74	-9.0%	COM	89400J107
WTW	WILLIS TOWERS WATSON PLC LTD	1,366 (-14.6%)	$397 (-24.5%)	0.0%	$299.52	+5.1%	SHS	G96629103
PM	PHILIP MORRIS INTL INC	127,221 (-2.4%)	$21,035 (+0.6%)	2.1%	$134.42	+30.9%	COM	718172109

Unchanged Positions (6)

TSLA TESLA INC 5.1%

Value ($000) $51,636 Shares 138,900 Est. Cost $211.79 Unrealized +101.1%

GOOGL ALPHABET INC 3.4%

Value ($000) $34,040 Shares 118,376 Est. Cost $166.67 Unrealized +94.0%

VOO VANGUARD INDEX FDS 5.0%

Value ($000) $49,844 Shares 83,414 Est. Cost $523.41 Unrealized —

HTT HIGH TEMPLAR TECHNOLOGY LTD 0.3%

Value ($000) $2,522 Shares 1,300,000 Est. Cost $1.80 Unrealized —

EFA ISHARES TR 1.9%

Value ($000) $19,314 Shares 198,844 Est. Cost $85.04 Unrealized —

ZTO ZTO EXPRESS CAYMAN INC 0.1%

Value ($000) $1,236 Shares 49,100 Est. Cost $3.22 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSLA	TESLA INC	138,900	$51,636	5.1%	$211.79	+101.1%	COM	88160R101
GOOGL	ALPHABET INC	118,376	$34,040	3.4%	$166.67	+94.0%	CAP STK CL A	02079K305
VOO	VANGUARD INDEX FDS	83,414	$49,844	5.0%	$523.41	—	S&P 500 ETF SHS	922908363
HTT	HIGH TEMPLAR TECHNOLOGY LTD	1,300,000	$2,522	0.3%	$1.80	—	SPON ADS	747798106
EFA	ISHARES TR	198,844	$19,314	1.9%	$85.04	—	MSCI EAFE ETF	464287465
ZTO	ZTO EXPRESS CAYMAN INC	49,100	$1,236	0.1%	$3.22	—	SPONSORED ADS A	98980A105