WT Asset Management Ltd Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	901,637	$257,336	10.2%	$229.35	0.0%	COM	595112103
AVGO	BROADCOM INC	283,840	$98,237	3.9%	$357.00	0.0%	COM	11135F101
TSEM	TOWER SEMICONDUCTOR LTD	672,515	$78,967	3.1%	$96.32	0.0%	SHS NEW	M87915274
ASML	ASML HOLDING N V	69,480	$74,334	3.0%	$1069.86	—	N Y REGISTRY SHS	N07059210
MOD	MODINE MFG CO	518,727	$69,255	2.8%	$148.95	0.0%	COM	607828100
U	UNITY SOFTWARE INC	1,304,647	$57,626	2.3%	$40.75	0.0%	COM	91332U101
GEV	GE VERNOVA INC	59,711	$39,025	1.6%	$609.04	0.0%	COM	36828A101
CIEN	CIENA CORP	133,700	$31,268	1.2%	$194.00	0.0%	COM NEW	171779309
CHRW	C H ROBINSON WORLDWIDE INC	172,707	$27,764	1.1%	$147.32	0.0%	COM NEW	12541W209
ALAB	ASTERA LABS INC	92,400	$15,372	0.6%	$167.29	0.0%	COM	04626A103
LULU	LULULEMON ATHLETICA INC	27,000	$5,611	0.2%	$181.15	0.0%	COM	550021109
DUOL	DUOLINGO INC	26,000	$4,563	0.2%	$235.64	0.0%	CL A COM	26603R106
AMD	ADVANCED MICRO DEVICES INC	15,000	$3,212	0.1%	$224.60	0.0%	COM	007903107
JOYY	JOYY INC	10,400	$674	0.0%	$64.76	—	ADS REPSTG COM A	46591M109
RLX	RLX TECHNOLOGY INC	97,696	$228	0.0%	$2.33	—	SPONSORED ADS	74969N103
IQ	IQIYI INC	40,891	$79	0.0%	$1.92	—	SPONSORED ADS	46267X108

Increased Positions (10)

GLW CORNING INC 3.4%

Value ($000) $85,990 (+948.3%) Shares 982,066 (+882.1%) Est. Cost $83.84 Unrealized +2.6%

RDDT REDDIT INC 6.5%

Value ($000) $164,794 (+77.2%) Shares 716,900 (+77.3%) Est. Cost $206.80 Unrealized +1.7%

COHR COHERENT CORP 3.6%

Value ($000) $90,876 (+350.2%) Shares 492,366 (+162.7%) Est. Cost $130.59 Unrealized +14.5%

SNDK SANDISK CORP 2.0%

Value ($000) $50,016 (+1014.4%) Shares 210,700 (+426.8%) Est. Cost $173.35 Unrealized +15.5%

NKE NIKE INC 1.6%

Value ($000) $40,797 (+1571.6%) Shares 640,350 (+1729.6%) Est. Cost $64.59 Unrealized +0.5%

TSLA TESLA INC 1.8%

Value ($000) $44,073 (+519.4%) Shares 98,000 (+512.5%) Est. Cost $427.54 Unrealized +3.7%

STX SEAGATE TECHNOLOGY HLDNGS PL 2.3%

Value ($000) $58,162 (+159.4%) Shares 211,200 (+122.3%) Est. Cost $218.79 Unrealized +18.3%

NVDA NVIDIA CORPORATION 13.6%

Value ($000) $342,769 (+2.5%) Shares 1,837,901 (+2.5%) Est. Cost $140.27 Unrealized +32.7%

VRT VERTIV HOLDINGS CO 2.2%

Value ($000) $56,570 (+11.0%) Shares 349,173 (+3.4%) Est. Cost $102.43 Unrealized +69.5%

EL LAUDER ESTEE COS INC 0.2%

Value ($000) $5,550 (+90.9%) Shares 53,000 (+60.6%) Est. Cost $91.63 Unrealized +5.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLW	CORNING INC	982,066 (+882.1%)	$85,990 (+948.3%)	3.4%	$83.84	+2.6%	COM	219350105
RDDT	REDDIT INC	716,900 (+77.3%)	$164,794 (+77.2%)	6.5%	$206.80	+1.7%	CL A	75734B100
COHR	COHERENT CORP	492,366 (+162.7%)	$90,876 (+350.2%)	3.6%	$130.59	+14.5%	COM	19247G107
SNDK	SANDISK CORP	210,700 (+426.8%)	$50,016 (+1014.4%)	2.0%	$173.35	+15.5%	COM	80004C200
NKE	NIKE INC	640,350 (+1729.6%)	$40,797 (+1571.6%)	1.6%	$64.59	+0.5%	CL B	654106103
TSLA	TESLA INC	98,000 (+512.5%)	$44,073 (+519.4%)	1.8%	$427.54	+3.7%	COM	88160R101
STX	SEAGATE TECHNOLOGY HLDNGS PL	211,200 (+122.3%)	$58,162 (+159.4%)	2.3%	$218.79	+18.3%	ORD SHS	G7997R103
NVDA	NVIDIA CORPORATION	1,837,901 (+2.5%)	$342,769 (+2.5%)	13.6%	$140.27	+32.7%	COM	67066G104
VRT	VERTIV HOLDINGS CO	349,173 (+3.4%)	$56,570 (+11.0%)	2.2%	$102.43	+69.5%	COM CL A	92537N108
EL	LAUDER ESTEE COS INC	53,000 (+60.6%)	$5,550 (+90.9%)	0.2%	$91.63	+5.7%	CL A	518439104

Exited Positions (17)

RBLX ROBLOX CORP 6.3%

Value ($000) $158,229 Shares 1,142,280 Est. Cost $89.42 Unrealized +18.7%

PDD PDD HOLDINGS INC 4.0%

Value ($000) $99,992 Shares 756,540 Est. Cost $132.08 Unrealized —

META META PLATFORMS INC 1.9%

Value ($000) $48,386 Shares 65,887 Est. Cost $525.95 Unrealized +26.9%

SHOP SHOPIFY INC 1.3%

Value ($000) $33,021 Shares 222,200 Est. Cost $135.57 Unrealized +18.4%

BE BLOOM ENERGY CORP 1.0%

Value ($000) $25,498 Shares 301,500 Est. Cost $46.44 Unrealized +126.3%

CVNA CARVANA CO 0.9%

Value ($000) $23,049 Shares 61,100 Est. Cost $357.61 Unrealized +3.9%

ORCL ORACLE CORP 0.7%

Value ($000) $16,463 Shares 58,536 Est. Cost $160.80 Unrealized +48.0%

AAOI APPLIED OPTOELECTRONICS INC 0.2%

Value ($000) $5,040 Shares 194,351 Est. Cost $25.57 Unrealized +16.8%

VNET VNET GROUP INC 0.2%

Value ($000) $4,132 Shares 400,000 Est. Cost $9.90 Unrealized —

NTES NETEASE INC 0.1%

Value ($000) $3,650 Shares 24,014 Est. Cost $151.99 Unrealized —

CELH CELSIUS HLDGS INC 0.1%

Value ($000) $2,955 Shares 51,400 Est. Cost $52.29 Unrealized -3.7%

TCOM TRIP COM GROUP LTD 0.1%

Value ($000) $2,838 Shares 37,736 Est. Cost $75.20 Unrealized —

APH AMPHENOL CORP NEW 0.1%

Value ($000) $2,475 Shares 20,000 Est. Cost $109.40 Unrealized +22.1%

BTI BRITISH AMERN TOB PLC 0.1%

Value ($000) $2,389 Shares 45,000 Est. Cost $47.33 Unrealized —

KLAR KLARNA GROUP PLC 0.1%

Value ($000) $2,016 Shares 55,000 Est. Cost $42.59 Unrealized -19.4%

TME TENCENT MUSIC ENTMT GROUP 0.0%

Value ($000) $1,039 Shares 44,500 Est. Cost $23.34 Unrealized —

HSAI HESAI GROUP 0.0%

Value ($000) $562 Shares 20,000 Est. Cost $21.95 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RBLX	ROBLOX CORP	1,142,280	$158,229	6.3%	$89.42	+18.7%	—	771049103
PDD	PDD HOLDINGS INC	756,540	$99,992	4.0%	$132.08	—	—	722304102
META	META PLATFORMS INC	65,887	$48,386	1.9%	$525.95	+26.9%	—	30303M102
SHOP	SHOPIFY INC	222,200	$33,021	1.3%	$135.57	+18.4%	—	82509L107
BE	BLOOM ENERGY CORP	301,500	$25,498	1.0%	$46.44	+126.3%	—	093712107
CVNA	CARVANA CO	61,100	$23,049	0.9%	$357.61	+3.9%	—	146869102
ORCL	ORACLE CORP	58,536	$16,463	0.7%	$160.80	+48.0%	—	68389X105
AAOI	APPLIED OPTOELECTRONICS INC	194,351	$5,040	0.2%	$25.57	+16.8%	—	03823U102
VNET	VNET GROUP INC	400,000	$4,132	0.2%	$9.90	—	—	90138A103
NTES	NETEASE INC	24,014	$3,650	0.1%	$151.99	—	—	64110W102
CELH	CELSIUS HLDGS INC	51,400	$2,955	0.1%	$52.29	-3.7%	—	15118V207
TCOM	TRIP COM GROUP LTD	37,736	$2,838	0.1%	$75.20	—	—	89677Q107
APH	AMPHENOL CORP NEW	20,000	$2,475	0.1%	$109.40	+22.1%	—	032095101
BTI	BRITISH AMERN TOB PLC	45,000	$2,389	0.1%	$47.33	—	—	110448107
KLAR	KLARNA GROUP PLC	55,000	$2,016	0.1%	$42.59	-19.4%	—	G5279N105
TME	TENCENT MUSIC ENTMT GROUP	44,500	$1,039	0.0%	$23.34	—	—	88034P109
HSAI	HESAI GROUP	20,000	$562	0.0%	$21.95	—	—	428050108

Decreased Positions (12)

APP APPLOVIN CORP 2.0%

Value ($000) $50,806 (-65.8%) Shares 75,400 (-63.5%) Est. Cost $412.23 Unrealized +52.9%

TPR TAPESTRY INC 0.3%

Value ($000) $6,389 (-93.0%) Shares 50,000 (-93.8%) Est. Cost $87.26 Unrealized +30.7%

HOOD ROBINHOOD MKTS INC 1.9%

Value ($000) $48,418 (-62.4%) Shares 428,100 (-52.4%) Est. Cost $109.05 Unrealized +19.3%

NIO NIO INC 2.6%

Value ($000) $64,317 (-54.7%) Shares 12,611,190 (-32.4%) Est. Cost $7.62 Unrealized —

LITE LUMENTUM HLDGS INC 7.3%

Value ($000) $183,712 (+59.0%) Shares 498,418 (-29.8%) Est. Cost $104.80 Unrealized +145.1%

BABA ALIBABA GROUP HLDG LTD 0.1%

Value ($000) $2,932 (-93.7%) Shares 20,000 (-92.3%) Est. Cost $178.73 Unrealized —

AS AMER SPORTS INC 3.5%

Value ($000) $88,514 (-27.2%) Shares 2,369,845 (-32.3%) Est. Cost $31.98 Unrealized +7.3%

TSM TAIWAN SEMICONDUCTOR MFG LTD 3.9%

Value ($000) $97,516 (-22.4%) Shares 320,892 (-28.7%) Est. Cost $226.49 Unrealized —

WDC WESTERN DIGITAL CORP 2.8%

Value ($000) $70,882 (+18.2%) Shares 411,458 (-17.6%) Est. Cost $81.60 Unrealized +85.7%

TER TERADYNE INC 2.0%

Value ($000) $50,710 (+20.9%) Shares 261,986 (-14.0%) Est. Cost $109.09 Unrealized +57.2%

CRDO CREDO TECHNOLOGY GROUP HOLDI 1.0%

Value ($000) $25,109 (-25.2%) Shares 174,500 (-24.3%) Est. Cost $122.39 Unrealized +25.7%

GOOG ALPHABET INC 4.5%

Value ($000) $113,878 (-6.5%) Shares 362,900 (-27.5%) Est. Cost $209.93 Unrealized +36.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APP	APPLOVIN CORP	75,400 (-63.5%)	$50,806 (-65.8%)	2.0%	$412.23	+52.9%	COM CL A	03831W108
TPR	TAPESTRY INC	50,000 (-93.8%)	$6,389 (-93.0%)	0.3%	$87.26	+30.7%	COM	876030107
HOOD	ROBINHOOD MKTS INC	428,100 (-52.4%)	$48,418 (-62.4%)	1.9%	$109.05	+19.3%	COM CL A	770700102
NIO	NIO INC	12,611,190 (-32.4%)	$64,317 (-54.7%)	2.6%	$7.62	—	SPON ADS	62914V106
LITE	LUMENTUM HLDGS INC	498,418 (-29.8%)	$183,712 (+59.0%)	7.3%	$104.80	+145.1%	COM	55024U109
BABA	ALIBABA GROUP HLDG LTD	20,000 (-92.3%)	$2,932 (-93.7%)	0.1%	$178.73	—	SPONSORED ADS	01609W102
AS	AMER SPORTS INC	2,369,845 (-32.3%)	$88,514 (-27.2%)	3.5%	$31.98	+7.3%	COM SHS	G0260P102
TSM	TAIWAN SEMICONDUCTOR MFG LTD	320,892 (-28.7%)	$97,516 (-22.4%)	3.9%	$226.49	—	SPONSORED ADS	874039100
WDC	WESTERN DIGITAL CORP	411,458 (-17.6%)	$70,882 (+18.2%)	2.8%	$81.60	+85.7%	COM	958102105
TER	TERADYNE INC	261,986 (-14.0%)	$50,710 (+20.9%)	2.0%	$109.09	+57.2%	COM	880770102
CRDO	CREDO TECHNOLOGY GROUP HOLDI	174,500 (-24.3%)	$25,109 (-25.2%)	1.0%	$122.39	+25.7%	ORDINARY SHARES	G25457105
GOOG	ALPHABET INC	362,900 (-27.5%)	$113,878 (-6.5%)	4.5%	$209.93	+36.4%	CAP STK CL C	02079K107

Unchanged Positions (4)

— COINBASE GLOBAL INC 0.0%

Value ($000) $516 Shares 500,000 Est. Cost $0.92 Unrealized —

— ALIBABA GROUP HLDG LTD 0.0%

Value ($000) $539 Shares 347,000 Est. Cost $1.27 Unrealized —

— TRIP COM GROUP LTD 0.0%

Value ($000) $862 Shares 699,000 Est. Cost $1.11 Unrealized —

— SEA LTD 0.4%

Value ($000) $8,958 Shares 9,258,000 Est. Cost $1.01 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	COINBASE GLOBAL INC	500,000	$516	0.0%	$0.92	—	NOTE 0.250% 4/0	19260QAF4
—	ALIBABA GROUP HLDG LTD	347,000	$539	0.0%	$1.27	—	NOTE 0.500% 6/0	01609WBG6
—	TRIP COM GROUP LTD	699,000	$862	0.0%	$1.11	—	NOTE 0.750% 6/1	89677QAB3
—	SEA LTD	9,258,000	$8,958	0.4%	$1.01	—	NOTE 0.250% 9/1	81141RAG5