TT International Asset Management LTD Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GGAL	GRUPO FINANCIERO GALICIA S.A	876,885	$47	9.9%	$0.05	—	SPONSORED ADS	399909100
BIDU	BAIDU INC	258,923	$34	7.1%	$0.13	—	SPONSORED ADR REP A	056752108
EQX	EQUINOX GOLD CORP	1,719,905	$24	5.1%	$12.62	0.0%	COM	29446Y502
KSPI	KASPI KZ JSC	286,939	$22	4.7%	$0.08	—	SPONSORED ADS	48581R205
ASHR	DBX ETF TR	621,592	$20	4.3%	$0.03	—	XTRACK HRVST CSI	233051879
MELI	MERCADOLIBRE INC	10,109	$20	4.3%	$2100.46	0.0%	COM	58733R102
XPEV	XPENG INC	685,959	$14	2.9%	$0.02	—	ADS	98422D105
BTG	B2GOLD CORP	3,044,764	$14	2.9%	$4.66	0.0%	COM	11777Q209
ARMN	ARIS MNG CORP	792,653	$13	2.7%	$12.29	0.0%	COM	04040Y109
IBN	ICICI BANK LIMITED	279,407	$8	1.8%	$0.03	—	ADR	45104G104
TCOM	TRIP COM GROUP LTD	45,163	$3	0.7%	$0.07	—	ADS	89677Q107
CX	CEMEX SAB DE CV	252,408	$3	0.6%	$0.01	—	SPON ADR NEW	151290889
YPF	YPF SOCIEDAD ANONIMA	25,809	$1	0.2%	$0.03	—	SPON ADR CL D	984245100
BORR	BORR DRILLING LTD	254,000	$1	0.2%	$3.31	0.0%	SHS	G1466R173
CRDO	CREDO TECHNOLOGY GROUP HOLDI	2,800	$0	0.1%	$153.78	0.0%	ORDINARY SHARES	G25457105
LITE	LUMENTUM HLDGS INC	1,000	$0	0.1%	$256.82	0.0%	COM	55024U109
TRU	TRANSUNION	3,330	$0	0.1%	$82.11	0.0%	COM	89400J107
QXO	QXO INC	10,738	$0	0.0%	$19.16	0.0%	COM NEW	82846H405

Increased Positions (5)

ASX ASE TECHNOLOGY HLDG CO LTD 4.2%

Value ($000) $20 (-99.8%) Shares 1,236,070 (+69.8%) Est. Cost $6.08 Unrealized —

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.6%

Value ($000) $8 (-99.8%) Shares 25,479 (+93.1%) Est. Cost $144.79 Unrealized —

SE SEA LTD 1.2%

Value ($000) $6 (-99.7%) Shares 43,845 (+257.4%) Est. Cost $43.43 Unrealized —

EGO ELDORADO GOLD CORP NEW 5.7%

Value ($000) $27 (-97.7%) Shares 751,327 (+1730.9%) Est. Cost $29.58 Unrealized +1.2%

BBAR BANCO BBVA ARGENTINA S A 0.7%

Value ($000) $3 (-99.6%) Shares 181,564 (+83.3%) Est. Cost $4.55 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ASX	ASE TECHNOLOGY HLDG CO LTD	1,236,070 (+69.8%)	$20 (-99.8%)	4.2%	$6.08	—	SPONSORED ADS	00215W100
TSM	TAIWAN SEMICONDUCTOR MFG LTD	25,479 (+93.1%)	$8 (-99.8%)	1.6%	$144.79	—	SPONSORD ADS	874039100
SE	SEA LTD	43,845 (+257.4%)	$6 (-99.7%)	1.2%	$43.43	—	SPONSORD ADS	81141R100
EGO	ELDORADO GOLD CORP NEW	751,327 (+1730.9%)	$27 (-97.7%)	5.7%	$29.58	+1.2%	COM	284902509
BBAR	BANCO BBVA ARGENTINA S A	181,564 (+83.3%)	$3 (-99.6%)	0.7%	$4.55	—	SPONSORED ADS	058934100

Exited Positions (14)

BEKE KE HLDGS INC 5541.3%

Value ($000) $26,239 Shares 1,381,017 Est. Cost $19.56 Unrealized —

— MAKEMYTRIP LIMITED MAURITIUS 3110.3%

Value ($000) $14,728 Shares 157,354 Est. Cost $68.88 Unrealized —

— DAQO NEW ENERGY CORP 2579.8%

Value ($000) $12,216 Shares 434,275 Est. Cost $30.09 Unrealized —

INTR INTER & CO INC 814.3%

Value ($000) $3,856 Shares 319,606 Est. Cost $7.76 Unrealized +12.5%

BRBR BELLRING BRANDS INC 732.0%

Value ($000) $3,466 Shares 95,361 Est. Cost $63.54 Unrealized -51.2%

ICLR TRANSUNION 730.5%

Value ($000) $3,459 Shares 41,290 Est. Cost $172.44 Unrealized +3.3%

COCO VITA COCO CO INC 581.2%

Value ($000) $2,752 Shares 64,802 Est. Cost $35.27 Unrealized +33.0%

— ANGLOGOLD ASHANTI PLC 571.0%

Value ($000) $2,704 Shares 38,446 Est. Cost $0.02 Unrealized —

GMED GLOBUS MED INC 511.0%

Value ($000) $2,420 Shares 42,249 Est. Cost $78.19 Unrealized -2.9%

DT DYNATRACE INC 501.7%

Value ($000) $2,376 Shares 49,038 Est. Cost $50.61 Unrealized -7.9%

— TRIP COM GROUP LTD 477.5%

Value ($000) $2,261 Shares 30,067 Est. Cost $63.58 Unrealized —

BLD TOPBUILD CORP 445.6%

Value ($000) $2,110 Shares 5,398 Est. Cost $388.25 Unrealized +10.4%

H TRANSPORTADORA DE GAS SUR 429.5%

Value ($000) $2,034 Shares 14,331 Est. Cost $153.42 Unrealized -0.2%

GILD GILEAD SCIENCES INC 211.0%

Value ($000) $999 Shares 9,000 Est. Cost $88.12 Unrealized +37.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BEKE	KE HLDGS INC	1,381,017	$26,239	5541.3%	$19.56	—	—	482497104
—	MAKEMYTRIP LIMITED MAURITIUS	157,354	$14,728	3110.3%	$68.88	—	—	0295S0001
—	DAQO NEW ENERGY CORP	434,275	$12,216	2579.8%	$30.09	—	—	M2682V108
INTR	INTER & CO INC	319,606	$3,856	814.3%	$7.76	+12.5%	—	G4R20B107
BRBR	BELLRING BRANDS INC	95,361	$3,466	732.0%	$63.54	-51.2%	—	07831C103
ICLR	TRANSUNION	41,290	$3,459	730.5%	$172.44	+3.3%	—	G4705A100
COCO	VITA COCO CO INC	64,802	$2,752	581.2%	$35.27	+33.0%	—	92846Q107
—	ANGLOGOLD ASHANTI PLC	38,446	$2,704	571.0%	$0.02	—	—	00BRXH266
GMED	GLOBUS MED INC	42,249	$2,420	511.0%	$78.19	-2.9%	—	379577208
DT	DYNATRACE INC	49,038	$2,376	501.7%	$50.61	-7.9%	—	268150109
—	TRIP COM GROUP LTD	30,067	$2,261	477.5%	$63.58	—	—	22943F100
BLD	TOPBUILD CORP	5,398	$2,110	445.6%	$388.25	+10.4%	—	89055F103
H	TRANSPORTADORA DE GAS SUR	14,331	$2,034	429.5%	$153.42	-0.2%	—	448579102
GILD	GILEAD SCIENCES INC	9,000	$999	211.0%	$88.12	+37.2%	—	375558103

Decreased Positions (18)

BABA ALIBABA GROUP HLDG LTD 13.2%

Value ($000) $62 (-100.0%) Shares 424,818 (-54.9%) Est. Cost $660.17 Unrealized —

PAM PAMPA ENERGIA S A 6.0%

Value ($000) $29 (-99.9%) Shares 323,322 (-60.6%) Est. Cost $6.68 Unrealized —

ONTO ONTO INNOVATION INC 0.1%

Value ($000) $1 (-100.0%) Shares 3,691 (-98.8%) Est. Cost $107.03 Unrealized +32.7%

FUTU FUTU HLDGS LTD 0.2%

Value ($000) $1 (-100.0%) Shares 6,856 (-96.9%) Est. Cost $173.91 Unrealized —

BMA BANCO MACRO SA 8.7%

Value ($000) $41 (-99.9%) Shares 456,718 (-38.3%) Est. Cost $0.08 Unrealized —

BCH BANCO DE CHILE 3.4%

Value ($000) $16 (-99.9%) Shares 424,899 (-52.3%) Est. Cost $30.30 Unrealized —

BSAC BANCO SANTANDER CHILE NEW 3.6%

Value ($000) $17 (-99.9%) Shares 550,315 (-40.9%) Est. Cost $26.50 Unrealized —

TGS TRANSPORTADORA DE GAS SUR 2.5%

Value ($000) $12 (-99.9%) Shares 387,255 (-58.5%) Est. Cost $0.81 Unrealized —

NICE NICE LTD 0.4%

Value ($000) $2 (-100.0%) Shares 14,914 (-50.1%) Est. Cost $165.56 Unrealized —

LPLA LPL FINL HLDGS INC 0.0%

Value ($000) $0 (-100.0%) Shares 648 (-91.8%) Est. Cost $276.98 Unrealized +27.7%

COHR COHERENT CORP 0.2%

Value ($000) $1 (-100.0%) Shares 6,850 (-51.1%) Est. Cost $99.69 Unrealized +50.0%

SF STIFEL FINL CORP 0.0%

Value ($000) $0 (-100.0%) Shares 1,683 (-92.5%) Est. Cost $111.58 Unrealized +7.2%

FCN FTI CONSULTING INC 0.1%

Value ($000) $0 (-100.0%) Shares 1,574 (-90.0%) Est. Cost $163.26 Unrealized +1.0%

AVPT AVEPOINT INC 0.1%

Value ($000) $1 (-100.0%) Shares 38,458 (-72.4%) Est. Cost $16.79 Unrealized -17.7%

AMD ADVANCED MICRO DEVICES INC 0.1%

Value ($000) $0 (-100.0%) Shares 1,600 (-86.7%) Est. Cost $132.13 Unrealized +70.0%

VIST VISTA ENERGY S.A.B. DE C.V. 0.2%

Value ($000) $1 (-99.9%) Shares 27,183 (-9.4%) Est. Cost $7.68 Unrealized —

ITUB ITAU UNIBANCO HLDG S A 0.1%

Value ($000) $1 (-99.9%) Shares 115,360 (-17.6%) Est. Cost $7.34 Unrealized —

DNLI DENALI THERAPEUTICS INC 0.1%

Value ($000) $0 (-100.0%) Shares 27,000 (-58.5%) Est. Cost $14.07 Unrealized +19.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	424,818 (-54.9%)	$62 (-100.0%)	13.2%	$660.17	—	SPONSOR ADS	01609W102
PAM	PAMPA ENERGIA S A	323,322 (-60.6%)	$29 (-99.9%)	6.0%	$6.68	—	SPONS ADR LVL I	697660207
ONTO	ONTO INNOVATION INC	3,691 (-98.8%)	$1 (-100.0%)	0.1%	$107.03	+32.7%	COM	683344105
FUTU	FUTU HLDGS LTD	6,856 (-96.9%)	$1 (-100.0%)	0.2%	$173.91	—	SPON ADS CL A	36118L106
BMA	BANCO MACRO SA	456,718 (-38.3%)	$41 (-99.9%)	8.7%	$0.08	—	SPON ADR B	05961W105
BCH	BANCO DE CHILE	424,899 (-52.3%)	$16 (-99.9%)	3.4%	$30.30	—	SPONSORED ADS	059520106
BSAC	BANCO SANTANDER CHILE NEW	550,315 (-40.9%)	$17 (-99.9%)	3.6%	$26.50	—	SP ADR REP COM	05965X109
TGS	TRANSPORTADORA DE GAS SUR	387,255 (-58.5%)	$12 (-99.9%)	2.5%	$0.81	—	SPONSORED ADS B	893870204
NICE	NICE LTD	14,914 (-50.1%)	$2 (-100.0%)	0.4%	$165.56	—	SPONSORED ADR	653656108
LPLA	LPL FINL HLDGS INC	648 (-91.8%)	$0 (-100.0%)	0.0%	$276.98	+27.7%	COM	50212V100
COHR	COHERENT CORP	6,850 (-51.1%)	$1 (-100.0%)	0.2%	$99.69	+50.0%	COM	19247G107
SF	STIFEL FINL CORP	1,683 (-92.5%)	$0 (-100.0%)	0.0%	$111.58	+7.2%	COM	860630102
FCN	FTI CONSULTING INC	1,574 (-90.0%)	$0 (-100.0%)	0.1%	$163.26	+1.0%	COM	302941109
AVPT	AVEPOINT INC	38,458 (-72.4%)	$1 (-100.0%)	0.1%	$16.79	-17.7%	COM CL A	053604104
AMD	ADVANCED MICRO DEVICES INC	1,600 (-86.7%)	$0 (-100.0%)	0.1%	$132.13	+70.0%	COM	007903107
VIST	VISTA ENERGY S.A.B. DE C.V.	27,183 (-9.4%)	$1 (-99.9%)	0.2%	$7.68	—	SPONSORD ADS	92837L109
ITUB	ITAU UNIBANCO HLDG S A	115,360 (-17.6%)	$1 (-99.9%)	0.1%	$7.34	—	SPON ADR REP PFD	465562106
DNLI	DENALI THERAPEUTICS INC	27,000 (-58.5%)	$0 (-100.0%)	0.1%	$14.07	+19.9%	COM	24823R105