# EDGAR Filing Document

**Accession Number:** 0001569758
**File Stem:** 0000945621-25-001089
**Filing Date:** 2025-11
**Character Count:** 17075
**Document Hash:** 318d90c1395b9f42d213c56c0c50df5f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000945621-25-001089.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0000945621-25-001089

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Carmignac Gestion
- **CENTRAL INDEX KEY:** 0001569758

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** I0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15450
- **FILM NUMBER:** 251476794

**BUSINESS ADDRESS:**
- **STREET 1:** 24 PLACE VENDOME
- **CITY:** PARIS
- **STATE:** I0
- **ZIP:** 75001
- **BUSINESS PHONE:** 0033142865335

**MAIL ADDRESS:**
- **STREET 1:** 24 PLACE VENDOME
- **CITY:** PARIS
- **STATE:** I0
- **ZIP:** 75001

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Carmignac Gestion<br>**Address:** 24 PLACE VENDOME<br>PARIS, I0 75001

**Form 13F File Number:** 028-15450

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Olivia Vayssette<br>**Title:** Head of Legal Affairs<br>**Phone:** 33-0-70-92-33-27

**Signature, Place, and Date of Signing:**

/s/ Olivia Vayssette  Paris, I0  11-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 136

**Form 13F Information Table Value Total:** $6709833025

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACCENTURE PLC | SHS CLASS A | G1151C101 |  | 35893616 | 145554 | SH |  | SOLE |  | 145554 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 34390623 | 204026 | SH |  | SOLE |  | 204026 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 56869485 | 468370 | SH |  | SOLE |  | 468370 | 0 | 0 |
| ALAMOS GOLD INC | COM CL A | 011532108 |  | 7549909 | 216578 | SH |  | SOLE |  | 216578 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 30426643 | 242908 | SH |  | SOLE |  | 242908 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 567224793 | 2333226 | SH |  | SOLE |  | 2333226 | 0 | 0 |
| AMAZON.COM INC | COM | 023135106 |  | 452116467 | 2058757 | SH |  | SOLE |  | 2058757 | 0 | 0 |
| AMAZON.COM INC | COM | 023135106 |  | 2635 | 12000 | PRN | Call | SOLE |  | 12000 | 0 | 0 |
| AMERICAN WOODMARK CORP | Common Stock | 030506109 |  | 7694424 | 115255 | SH |  | SOLE |  | 115255 | 0 | 0 |
| AMPHENOL CORP | CL A | 032095101 |  | 165515625 | 1337500 | SH |  | SOLE |  | 1337500 | 0 | 0 |
| AMPHENOL CORP | CL A | 032095101 |  | 1321046 | 69749 | SH |  | SOLE |  | 69749 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 5702184 | 22394 | SH |  | SOLE |  | 22394 | 0 | 0 |
| ARISTA NETWORKS INC | SHS | 040413205 |  | 146103417 | 1002700 | SH |  | SOLE |  | 1002700 | 0 | 0 |
| ASTERA LABS INC | COM | 04626A103 |  | 1174800 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| ATLASSIAN CORP | CL A | 049468101 |  | 2874600 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| AVIDXCHANGE HOLDINGS INC | COM | 05368X102 |  | 3738892 | 375768 | SH |  | SOLE |  | 375768 | 0 | 0 |
| BIONTECH SE | SPONSORED ADS | 09075V102 |  | 10498718 | 106549 | SH |  | SOLE |  | 106549 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 138514561 | 1916626 | SH |  | SOLE |  | 1916626 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 65923936 | 199824 | SH |  | SOLE |  | 199824 | 0 | 0 |
| CADENCE DESIGN SYSTEMS INC | COM | 127387108 |  | 76633316 | 218188 | SH |  | SOLE |  | 218188 | 0 | 0 |
| CANTALOUPE INC | COM | 138103106 |  | 10328560 | 977158 | SH |  | SOLE |  | 977158 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 16942260 | 69000 | SH |  | SOLE |  | 69000 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 38928040 | 158000 | SH |  | SOLE |  | 158000 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 273711337 | 875846 | SH |  | SOLE |  | 875846 | 0 | 0 |
| CENTENE CORP | COM | 15135B101 |  | 30256640 | 848000 | SH |  | SOLE |  | 848000 | 0 | 0 |
| CHART INDUSTRIES INC | COM | 16115Q308 |  | 9261741 | 46274 | SH |  | SOLE |  | 46274 | 0 | 0 |
| CISCO SYSTEMS INC | COM | 17275R102 |  | 3394590 | 49614 | SH |  | SOLE |  | 49614 | 0 | 0 |
| CITY OFFICE REIT INC | COM | 178587101 |  | 2611622 | 375233 | SH |  | SOLE |  | 375233 | 0 | 0 |
| CLEARSIDE BIOMEDICAL INC | COM | 185063104 |  | 399207 | 100556 | SH |  | SOLE |  | 100556 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 188657 | 559 | SH |  | SOLE |  | 559 | 0 | 0 |
| COLGATE-PALMOLIVE CO | COM | 194162103 |  | 31248294 | 390528 | SH |  | SOLE |  | 390528 | 0 | 0 |
| COMFORT SYSTEMS USA INC | COM | 199908104 |  | 39938712 | 48400 | SH |  | SOLE |  | 48400 | 0 | 0 |
| COSTCO WHOLESALE CORP | COM | 22160K105 |  | 3929299 | 4245 | SH |  | SOLE |  | 4245 | 0 | 0 |
| CUREVAC NV | COM | N2451R105 |  | 1267620 | 235180 | SH |  | SOLE |  | 235180 | 0 | 0 |
| DANAHER CORP | COM | 235851102 |  | 8722156 | 44359 | SH |  | SOLE |  | 44359 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 594442 | 4193 | SH |  | SOLE |  | 4193 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 30373928 | 415228 | SH |  | SOLE |  | 415228 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 81099975 | 216700 | SH |  | SOLE |  | 216700 | 0 | 0 |
| EHANG HOLDINGS LTD | ADS | 26853E102 |  | 1163838 | 62673 | SH |  | SOLE |  | 62673 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 5414233 | 26843 | SH |  | SOLE |  | 26843 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 73835641 | 96847 | SH |  | SOLE |  | 96847 | 0 | 0 |
| ENSTAR GROUP LIMITED | SHS | G3075P101 |  | 3503150 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 159890269 | 623317 | SH |  | SOLE |  | 623317 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 480755 | 2180 | SH |  | SOLE |  | 2180 | 0 | 0 |
| FRANCO-NEVADA CORP | COM | 351858105 |  | 5602843 | 25135 | SH |  | SOLE |  | 25135 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 18616244 | 474662 | SH |  | SOLE |  | 474662 | 0 | 0 |
| FRONTIER COMMUNICATIONS PARENT INC | COM | 35909D109 |  | 10862613 | 290833 | SH |  | SOLE |  | 290833 | 0 | 0 |
| GAOTU TECHEDU INC | SPONSORED ADS | 36257Y109 |  | 1437487 | 440947 | SH |  | SOLE |  | 440947 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 196976 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 30203600 | 670000 | SH |  | SOLE |  | 670000 | 0 | 0 |
| GLOBANT SA | COM | L44385109 |  | 229520 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 22732230 | 159000 | SH |  | SOLE |  | 159000 | 0 | 0 |
| GUILD HOLDINGS CO | CL A | 40172N107 |  | 3633766 | 182235 | SH |  | SOLE |  | 182235 | 0 | 0 |
| H WORLD GROUP LTD | SPONSORED ADS | 44332N106 |  | 22586290 | 576907 | SH |  | SOLE |  | 576907 | 0 | 0 |
| HANESBRANDS INC | COM | 410345102 |  | 9571059 | 1452361 | SH |  | SOLE |  | 1452361 | 0 | 0 |
| HILTON WORLDWIDE HOLDINGS INC | COM | 43300A203 |  | 2491402 | 9603 | SH |  | SOLE |  | 9603 | 0 | 0 |
| HOME DEPOT INC/THE | COM | 437076102 |  | 16082981 | 39671 | SH |  | SOLE |  | 39671 | 0 | 0 |
| INFORMATICA INC | COM CL A | 45674M101 |  | 9163675 | 368908 | SH |  | SOLE |  | 368908 | 0 | 0 |
| INTEGRAL AD SCIENCE HOLDING CORP | COM | 45828L108 |  | 2705230 | 266001 | SH |  | SOLE |  | 266001 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE INC | COM | 45866F104 |  | 194444229 | 1154160 | SH |  | SOLE |  | 1154160 | 0 | 0 |
| INTERNATIONAL MONEY EXPRESS INC | COM | 46005L101 |  | 639854 | 45802 | SH |  | SOLE |  | 45802 | 0 | 0 |
| INTUIT INC | COM | 461202103 |  | 9241409 | 13502 | SH |  | SOLE |  | 13502 | 0 | 0 |
| ITAU UNIBANCO HOLDING SA | SPON ADR REP PFD | 465562106 |  | 82818578 | 11283185 | SH |  | SOLE |  | 11283185 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 2955895 | 9371 | SH |  | SOLE |  | 9371 | 0 | 0 |
| KASPI.KZ JSC | SPONSORED ADS | 48581R205 |  | 20469390 | 250587 | SH |  | SOLE |  | 250587 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 9603394 | 117086 | SH |  | SOLE |  | 117086 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 41123692 | 235100 | SH |  | SOLE |  | 235100 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 5393000 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| LANTHEUS HOLDINGS INC | COM | 516544103 |  | 41412008 | 807409 | SH |  | SOLE |  | 807409 | 0 | 0 |
| LAUREATE EDUCATION INC | COMMON STOCK | 518613203 |  | 1261600 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL A | G61188101 |  | 5304681 | 158207 | SH |  | SOLE |  | 158207 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 44552150 | 93794 | SH |  | SOLE |  | 93794 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 18860580 | 106000 | SH |  | SOLE |  | 106000 | 0 | 0 |
| MAC COPPER LTD | ORD SHS | G60409110 |  | 2595174 | 212545 | SH |  | SOLE |  | 212545 | 0 | 0 |
| MARRIOTT INTERNATIONAL INC/MD | CL A | 571903202 |  | 2481993 | 9530 | SH |  | SOLE |  | 9530 | 0 | 0 |
| MASTERCARD INC | CL A | 57636Q104 |  | 158358618 | 278412 | SH |  | SOLE |  | 278412 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 242695712 | 314173 | SH |  | SOLE |  | 314173 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 310333413 | 132696 | SH |  | SOLE |  | 132696 | 0 | 0 |
| MERIDIANLINK INC | COMMON STOCK | 58985J105 |  | 2133 | 107 | SH |  | SOLE |  | 107 | 0 | 0 |
| MERUS NV | COM | N5749R100 |  | 15765356 | 167532 | SH |  | SOLE |  | 167532 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 197914676 | 269499 | SH |  | SOLE |  | 269499 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 226530318 | 437491 | SH |  | SOLE |  | 437491 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 11991250 | 265000 | SH |  | SOLE |  | 265000 | 0 | 0 |
| MRC GLOBAL INC | COM | 55345K103 |  | 7947237 | 551126 | SH |  | SOLE |  | 551126 | 0 | 0 |
| NEW ORIENTAL EDUCATION  TECHNOLOGY GROUP INC | SPON ADR REP PFD | 647581206 |  | 19289765 | 363289 | SH |  | SOLE |  | 363289 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 29562374 | 350639 | SH |  | SOLE |  | 350639 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 1388 | 19900 | PRN | Call | SOLE |  | 19900 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 643261644 | 3448254 | SH |  | SOLE |  | 3448254 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1124960 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| O'REILLY AUTOMOTIVE INC | COM | 67103H107 |  | 34126177 | 316540 | SH |  | SOLE |  | 316540 | 0 | 0 |
| ORLA MINING LTD | COM | 68634K106 |  | 1942715 | 179881 | SH |  | SOLE |  | 179881 | 0 | 0 |
| OWENS CORNING | COM | 690742101 |  | 12024100 | 85000 | SH |  | SOLE |  | 85000 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 355356 | 39484 | SH |  | SOLE |  | 39484 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 8874 | 986000 | PRN | Call | SOLE |  | 986000 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 7020 | 780000 | PRN | Call | SOLE |  | 780000 | 0 | 0 |
| PROASSURANCE CORP | COM | 74267C106 |  | 5212139 | 217263 | SH |  | SOLE |  | 217263 | 0 | 0 |
| PROCTER  GAMBLE CO/THE | COM | 742718109 |  | 30860490 | 200871 | SH |  | SOLE |  | 200871 | 0 | 0 |
| PROS HOLDINGS INC | COM | 74346Y103 |  | 2636048 | 115061 | SH |  | SOLE |  | 115061 | 0 | 0 |
| QFIN HOLDINGS INC | AMERICAN DEP | 88557W101 |  | 1124751 | 39081 | SH |  | SOLE |  | 39081 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 1330880 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| ROCKET LAB CORP | COM | 773121108 |  | 819 | 17100 | PRN | Call | SOLE |  | 17100 | 0 | 0 |
| ROCKET LAB CORP | COM | 773121108 |  | 335 | 7000 | PRN | Call | SOLE |  | 7000 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 350667829 | 720412 | SH |  | SOLE |  | 720412 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 117183939 | 494447 | SH |  | SOLE |  | 494447 | 0 | 0 |
| SANDSTORM GOLD LTD | COM NEW | 80013R206 |  | 3392382 | 270957 | SH |  | SOLE |  | 270957 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 10020375 | 37500 | SH |  | SOLE |  | 37500 | 0 | 0 |
| SAPIENS INTERNATIONAL CORP NV | SHS | G7T16G103 |  | 861161 | 20027 | SH |  | SOLE |  | 20027 | 0 | 0 |
| SCHLUMBERGER NV | COM STK | 806857108 |  | 197493457 | 5746100 | SH |  | SOLE |  | 5746100 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 50703145 | 283455 | SH |  | SOLE |  | 283455 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 179066693 | 194515 | SH |  | SOLE |  | 194515 | 0 | 0 |
| SHERWIN-WILLIAMS CO/THE | COM | 824348106 |  | 2411355 | 6964 | SH |  | SOLE |  | 6964 | 0 | 0 |
| SOHO HOUSE  CO INC | COM CL A | 586001109 |  | 6564240 | 741722 | SH |  | SOLE |  | 741722 | 0 | 0 |
| SPOTIFY TECHNOLOGY SA | SHS | L8681T102 |  | 2715220 | 3890 | SH |  | SOLE |  | 3890 | 0 | 0 |
| SURMODICS INC | COM | 868873100 |  | 825622 | 27622 | SH |  | SOLE |  | 27622 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 20186031 | 40964 | SH |  | SOLE |  | 40964 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | SPONSORED ADS | 874039100 |  | 3385553 | 12122 | SH |  | SOLE |  | 12122 | 0 | 0 |
| TASKUS INC | CLASS A COM | 87652V109 |  | 2168900 | 121507 | SH |  | SOLE |  | 121507 | 0 | 0 |
| TEGNA INC | COM | 87901J105 |  | 2515146 | 123716 | SH |  | SOLE |  | 123716 | 0 | 0 |
| TENCENT MUSIC ENTERTAINMENT GROUP | SPON ADS | 88034P109 |  | 2338131 | 100177 | SH |  | SOLE |  | 100177 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 222360 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 119531604 | 246592 | SH |  | SOLE |  | 246592 | 0 | 0 |
| TOURMALINE BIO INC | COM | 89157D105 |  | 2650356 | 55412 | SH |  | SOLE |  | 55412 | 0 | 0 |
| TRADEWEB MARKETS INC | CL A | 892672106 |  | 139812604 | 1259800 | SH |  | SOLE |  | 1259800 | 0 | 0 |
| TRIUMPH GROUP INC | COM | 896818101 |  | 14928302 | 139896 | SH |  | SOLE |  | 139896 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 30839 | 369200 | PRN | Call | SOLE |  | 369200 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 39606 | 114700 | PRN | Call | SOLE |  | 114700 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 32873 | 95200 | PRN | Call | SOLE |  | 95200 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 73460392 | 187539 | SH |  | SOLE |  | 187539 | 0 | 0 |
| VESTA REAL ESTATE CORP | ADS | 92540K109 |  | 21728313 | 768515 | SH |  | SOLE |  | 768515 | 0 | 0 |
| VIMEO INC | COMMON STOCK | 92719V100 |  | 4708970 | 607609 | SH |  | SOLE |  | 607609 | 0 | 0 |
| VIPSHOP HOLDINGS LTD | SPONSORED ADS A | 92763W103 |  | 127848753 | 6518398 | SH |  | SOLE |  | 6518398 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 3602242 | 10552 | SH |  | SOLE |  | 10552 | 0 | 0 |
| VNET GROUP INC | SPONSORED ADS A | 90138A103 |  | 4084988 | 395449 | SH |  | SOLE |  | 395449 | 0 | 0 |
| WIDEOPENWEST INC | COM | 96758W101 |  | 206596 | 40038 | SH |  | SOLE |  | 40038 | 0 | 0 |
| WNS HOLDINGS LTD | COM SHS | G98196101 |  | 11870587 | 155639 | SH |  | SOLE |  | 155639 | 0 | 0 |
| YETI HOLDINGS INC | COM | 98585X104 |  | 1237714 | 37303 | SH |  | SOLE |  | 37303 | 0 | 0 |

---