Fosun International Ltd Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	KKR & CO INC	33,500,000	$17,366	4.0%	$0.52	—	6.25 CON SER D	48251W500
—	ARES MANAGEMENT CORPORATION	28,120,000	$14,172	3.3%	$0.50	—	6.75 SE B PFD	03990B309
SPYM	SPDR SERIES TRUST	169,500	$13,597	3.2%	$80.22	—	STATE STREET SPD	78464A854
MCHI	ISHARES TR	174,000	$10,452	2.4%	$60.07	—	MSCI CHINA ETF	46429B671
MSDL	MORGAN STANLEY DIRECT LENDIN	221,872	$3,656	0.9%	$16.42	0.0%	COM SHS	61774A103
—	NEXTERA ENERGY INC	6,700,000	$3,266	0.8%	$0.49	—	UNIT 11/01/2027	65339F119
—	DEXCOM INC	2,000,000	$1,849	0.4%	$0.92	—	NOTE 0.375% 5/1	252131AM9
PDD	PDD HOLDINGS INC	11,038	$1,252	0.3%	$113.39	—	SPONSORED ADS	722304102
IXJ	ISHARES TR	6,461	$630	0.1%	$97.45	—	GLOB HLTHCRE ETF	464287325
TSEM	TOWER SEMICONDUCTOR LTD	5,000	$587	0.1%	$96.32	0.0%	SHS NEW	M87915274
WFC	WELLS FARGO CO NEW	4,698	$438	0.1%	$86.63	0.0%	COM	949746101
TTMI	TTM TECHNOLOGIES INC	5,000	$345	0.1%	$65.27	0.0%	COM	87305R109
MU	MICRON TECHNOLOGY INC	900	$257	0.1%	$229.35	0.0%	COM	595112103

Increased Positions (4)

CHA CHAGEE HLDGS LTD 20.2%

Value ($000) $86,610 (+13529.2%) Shares 7,447,088 (+19295.0%) Est. Cost $11.70 Unrealized —

NVDA NVIDIA CORPORATION 0.7%

Value ($000) $3,028 (+25.5%) Shares 16,235 (+25.5%) Est. Cost $139.38 Unrealized +33.5%

WM WASTE MGMT INC DEL 0.2%

Value ($000) $824 (+55.4%) Shares 3,749 (+56.1%) Est. Cost $209.41 Unrealized +1.5%

HSAI HESAI GROUP 0.8%

Value ($000) $3,280 (+4.6%) Shares 146,423 (+31.2%) Est. Cost $26.74 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CHA	CHAGEE HLDGS LTD	7,447,088 (+19295.0%)	$86,610 (+13529.2%)	20.2%	$11.70	—	SPONSORED ADS	15743P104
NVDA	NVIDIA CORPORATION	16,235 (+25.5%)	$3,028 (+25.5%)	0.7%	$139.38	+33.5%	COM	67066G104
WM	WASTE MGMT INC DEL	3,749 (+56.1%)	$824 (+55.4%)	0.2%	$209.41	+1.5%	COM	94106L109
HSAI	HESAI GROUP	146,423 (+31.2%)	$3,280 (+4.6%)	0.8%	$26.74	—	SPONSORED ADS	428050108

Exited Positions (5)

NATR NATURES SUNSHINE PRODS INC 0.2%

Value ($000) $741 Shares 47,758 Est. Cost $12.91 Unrealized +42.1%

AAPL APPLE INC 0.1%

Value ($000) $637 Shares 2,500 Est. Cost $225.58 Unrealized +19.0%

AS AMER SPORTS INC 0.1%

Value ($000) $539 Shares 15,500 Est. Cost $30.76 Unrealized +11.5%

META META PLATFORMS INC 0.1%

Value ($000) $514 Shares 700 Est. Cost $616.61 Unrealized +8.2%

DE DEERE & CO 0.1%

Value ($000) $250 Shares 547 Est. Cost $464.06 Unrealized +0.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NATR	NATURES SUNSHINE PRODS INC	47,758	$741	0.2%	$12.91	+42.1%	—	639027101
AAPL	APPLE INC	2,500	$637	0.1%	$225.58	+19.0%	—	037833100
AS	AMER SPORTS INC	15,500	$539	0.1%	$30.76	+11.5%	—	G0260P102
META	META PLATFORMS INC	700	$514	0.1%	$616.61	+8.2%	—	30303M102
DE	DEERE & CO	547	$250	0.1%	$464.06	+0.8%	—	244199105

Decreased Positions (7)

MSFT MICROSOFT CORP 0.4%

Value ($000) $1,910 (-32.3%) Shares 3,950 (-27.5%) Est. Cost $230.75 Unrealized +116.9%

GOOGL ALPHABET INC 1.0%

Value ($000) $4,257 (+12.7%) Shares 13,600 (-12.5%) Est. Cost $135.58 Unrealized +110.6%

V VISA INC 0.1%

Value ($000) $544 (-43.0%) Shares 1,550 (-44.5%) Est. Cost $191.58 Unrealized +77.7%

TMO THERMO FISHER SCIENTIFIC INC 0.1%

Value ($000) $479 (-42.8%) Shares 826 (-52.1%) Est. Cost $471.78 Unrealized +19.8%

SNPS SYNOPSYS INC 0.2%

Value ($000) $648 (-34.5%) Shares 1,380 (-31.2%) Est. Cost $509.09 Unrealized -12.7%

UNH UNITEDHEALTH GROUP INC 0.5%

Value ($000) $2,215 (-10.0%) Shares 6,711 (-5.9%) Est. Cost $441.14 Unrealized -23.6%

MRVL MARVELL TECHNOLOGY INC 0.1%

Value ($000) $620 (-3.7%) Shares 7,299 (-4.7%) Est. Cost $68.03 Unrealized +28.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	3,950 (-27.5%)	$1,910 (-32.3%)	0.4%	$230.75	+116.9%	COM	594918104
GOOGL	ALPHABET INC	13,600 (-12.5%)	$4,257 (+12.7%)	1.0%	$135.58	+110.6%	CAP STK CL A	02079K305
V	VISA INC	1,550 (-44.5%)	$544 (-43.0%)	0.1%	$191.58	+77.7%	COM CL A	92826C839
TMO	THERMO FISHER SCIENTIFIC INC	826 (-52.1%)	$479 (-42.8%)	0.1%	$471.78	+19.8%	COM	883556102
SNPS	SYNOPSYS INC	1,380 (-31.2%)	$648 (-34.5%)	0.2%	$509.09	-12.7%	COM	871607107
UNH	UNITEDHEALTH GROUP INC	6,711 (-5.9%)	$2,215 (-10.0%)	0.5%	$441.14	-23.6%	COM	91324P102
MRVL	MARVELL TECHNOLOGY INC	7,299 (-4.7%)	$620 (-3.7%)	0.1%	$68.03	+28.6%	COM	573874104

Unchanged Positions (30)

BFLY BUTTERFLY NETWORK INC 9.5%

Value ($000) $40,723 Shares 10,716,630 Est. Cost $19.79 Unrealized -86.3%

LANV LANVIN GROUP HOLDINGS LIMITED 42.3%

Value ($000) $181,572 Shares 90,334,215 Est. Cost $9.04 Unrealized -77.4%

HYPR HYPERFINE INC 0.4%

Value ($000) $1,706 Shares 1,742,020 Est. Cost $9.78 Unrealized -87.7%

JG AURORA MOBILE LTD 0.6%

Value ($000) $2,532 Shares 405,199 Est. Cost $2.85 Unrealized —

QSI QUANTUM SI INC 0.2%

Value ($000) $818 Shares 743,935 Est. Cost $10.48 Unrealized -84.5%

AJG GALLAGHER ARTHUR J & CO 0.1%

Value ($000) $537 Shares 2,075 Est. Cost $174.45 Unrealized +51.5%

BABA ALIBABA GROUP HLDG LTD 0.1%

Value ($000) $473 Shares 3,230 Est. Cost $105.52 Unrealized —

ASHR DBX ETF TR 4.0%

Value ($000) $17,091 Shares 520,270 Est. Cost $26.61 Unrealized —

CB CHUBB LIMITED 0.1%

Value ($000) $610 Shares 1,954 Est. Cost $215.63 Unrealized +35.6%

OXY OCCIDENTAL PETE CORP 0.1%

Value ($000) $362 Shares 8,797 Est. Cost $59.68 Unrealized -30.4%

SYY SYSCO CORP 0.1%

Value ($000) $459 Shares 6,224 Est. Cost $70.90 Unrealized +6.5%

TMUS T-MOBILE US INC 0.1%

Value ($000) $273 Shares 1,343 Est. Cost $163.58 Unrealized +29.2%

LIN LINDE PLC 0.1%

Value ($000) $367 Shares 860 Est. Cost $447.07 Unrealized -4.4%

AMZN AMAZON COM INC 0.2%

Value ($000) $849 Shares 3,679 Est. Cost $188.99 Unrealized +21.1%

DHR DANAHER CORPORATION 0.1%

Value ($000) $275 Shares 1,200 Est. Cost $220.19 Unrealized -0.3%

CRM SALESFORCE INC 0.1%

Value ($000) $345 Shares 1,302 Est. Cost $266.04 Unrealized -6.7%

SPGI S&P GLOBAL INC 0.1%

Value ($000) $515 Shares 985 Est. Cost $370.68 Unrealized +33.3%

ADI ANALOG DEVICES INC 0.1%

Value ($000) $362 Shares 1,333 Est. Cost $156.88 Unrealized +59.7%

— GLOBAL PMTS INC 0.4%

Value ($000) $1,800 Shares 2,000,000 Est. Cost $0.90 Unrealized —

LOW LOWES COS INC 0.1%

Value ($000) $619 Shares 2,566 Est. Cost $226.75 Unrealized +5.8%

IFF INTERNATIONAL FLAVORS&FRAGRA 0.1%

Value ($000) $293 Shares 4,347 Est. Cost $121.82 Unrealized -47.1%

AVGO BROADCOM INC 0.1%

Value ($000) $527 Shares 1,523 Est. Cost $161.97 Unrealized +120.4%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.1%

Value ($000) $260 Shares 855 Est. Cost $196.88 Unrealized —

TECK TECK RESOURCES LTD 0.1%

Value ($000) $243 Shares 5,066 Est. Cost $47.62 Unrealized -9.0%

BDX BECTON DICKINSON & CO 0.1%

Value ($000) $489 Shares 2,520 Est. Cost $229.52 Unrealized -17.4%

NEE NEXTERA ENERGY INC 0.1%

Value ($000) $221 Shares 2,749 Est. Cost $64.49 Unrealized +27.9%

ADBE ADOBE INC 0.4%

Value ($000) $1,631 Shares 4,661 Est. Cost $488.18 Unrealized -30.3%

KO COCA COLA CO 0.0%

Value ($000) $211 Shares 3,016 Est. Cost $64.97 Unrealized +6.8%

AON AON PLC 0.1%

Value ($000) $592 Shares 1,677 Est. Cost $361.30 Unrealized -3.4%

ABBV ABBVIE INC 0.1%

Value ($000) $463 Shares 2,027 Est. Cost $189.20 Unrealized +20.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BFLY	BUTTERFLY NETWORK INC	10,716,630	$40,723	9.5%	$19.79	-86.3%	COM CL A	124155102
LANV	LANVIN GROUP HOLDINGS LIMITED	90,334,215	$181,572	42.3%	$9.04	-77.4%	SHS	G5380J100
HYPR	HYPERFINE INC	1,742,020	$1,706	0.4%	$9.78	-87.7%	COM CL A	44916K106
JG	AURORA MOBILE LTD	405,199	$2,532	0.6%	$2.85	—	SPON ADS	051857209
QSI	QUANTUM SI INC	743,935	$818	0.2%	$10.48	-84.5%	COM CL A	74765K105
AJG	GALLAGHER ARTHUR J & CO	2,075	$537	0.1%	$174.45	+51.5%	COM	363576109
BABA	ALIBABA GROUP HLDG LTD	3,230	$473	0.1%	$105.52	—	SPONSORED ADS	01609W102
ASHR	DBX ETF TR	520,270	$17,091	4.0%	$26.61	—	XTRACK HRVST CSI	233051879
CB	CHUBB LIMITED	1,954	$610	0.1%	$215.63	+35.6%	COM	H1467J104
OXY	OCCIDENTAL PETE CORP	8,797	$362	0.1%	$59.68	-30.4%	COM	674599105
SYY	SYSCO CORP	6,224	$459	0.1%	$70.90	+6.5%	COM	871829107
TMUS	T-MOBILE US INC	1,343	$273	0.1%	$163.58	+29.2%	COM	872590104
LIN	LINDE PLC	860	$367	0.1%	$447.07	-4.4%	SHS	G54950103
AMZN	AMAZON COM INC	3,679	$849	0.2%	$188.99	+21.1%	COM	023135106
DHR	DANAHER CORPORATION	1,200	$275	0.1%	$220.19	-0.3%	COM	235851102
CRM	SALESFORCE INC	1,302	$345	0.1%	$266.04	-6.7%	COM	79466L302
SPGI	S&P GLOBAL INC	985	$515	0.1%	$370.68	+33.3%	COM	78409V104
ADI	ANALOG DEVICES INC	1,333	$362	0.1%	$156.88	+59.7%	COM	032654105
—	GLOBAL PMTS INC	2,000,000	$1,800	0.4%	$0.90	—	NOTE 1.500% 3/0	37940XAU6
LOW	LOWES COS INC	2,566	$619	0.1%	$226.75	+5.8%	COM	548661107
IFF	INTERNATIONAL FLAVORS&FRAGRA	4,347	$293	0.1%	$121.82	-47.1%	COM	459506101
AVGO	BROADCOM INC	1,523	$527	0.1%	$161.97	+120.4%	COM	11135F101
TSM	TAIWAN SEMICONDUCTOR MFG LTD	855	$260	0.1%	$196.88	—	SPONSORED ADS	874039100
TECK	TECK RESOURCES LTD	5,066	$243	0.1%	$47.62	-9.0%	CL B	878742204
BDX	BECTON DICKINSON & CO	2,520	$489	0.1%	$229.52	-17.4%	COM	075887109
NEE	NEXTERA ENERGY INC	2,749	$221	0.1%	$64.49	+27.9%	COM	65339F101
ADBE	ADOBE INC	4,661	$1,631	0.4%	$488.18	-30.3%	COM	00724F101
KO	COCA COLA CO	3,016	$211	0.0%	$64.97	+6.8%	COM	191216100
AON	AON PLC	1,677	$592	0.1%	$361.30	-3.4%	SHS CL A	G0403H108
ABBV	ABBVIE INC	2,027	$463	0.1%	$189.20	+20.3%	COM	00287Y109