# EDGAR Filing Document

**Accession Number:** 0001970465
**File Stem:** 0001970465-26-000004
**Filing Date:** 2026-5
**Character Count:** 19033
**Document Hash:** 1ff080238ac6ac2c7e4d8dea2497d75a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001970465-26-000004.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001970465-26-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**EFFECTIVENESS DATE**: 20260514

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Polymer Capital Management (HK) LTD
- **CENTRAL INDEX KEY:** 0001970465

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** K3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23815
- **FILM NUMBER:** 26975667

**BUSINESS ADDRESS:**
- **STREET 1:** NO. 2401-06, 24/F, THREE PACIFIC PLACE,
- **STREET 2:** 1 QUEEN'S ROAD EAST
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** HKG
- **BUSINESS PHONE:** 852 3719 6333

**MAIL ADDRESS:**
- **STREET 1:** NO. 2401-06, 24/F, THREE PACIFIC PLACE,
- **STREET 2:** 1 QUEEN'S ROAD EAST
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** HKG

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Polymer Capital Management (HK) LTD<br>**Address:** NO. 2401-06 24/F THREE PACIFIC PLACE<br>1 QUEEN'S ROAD EAST<br>HONG KONG, K3 HKG

**Form 13F File Number:** 028-23815

**CRD Number (if applicable):** 000308190

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:** Angus Yuk Chi Wai<br>**Title:** Director<br>**Phone:** 852-3719-6333

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

Angus Yuk Chi Wai  Hong Kong, K3  05-14-2026<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:** 154

**Form 13F Information Table Value Total:** $1157339604

      (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 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 8712907 | 42830 | SH |  | SOLE |  | 42830 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 4724261 | 37411 | SH |  | SOLE |  | 37411 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 897093 | 7811 | SH |  | SOLE |  | 7811 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 3136500 | 25000 | SH | Call | SOLE |  | 25000 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 6245775 | 49783 | SH |  | SOLE |  | 49783 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 19118992 | 57784 | SH |  | SOLE |  | 57784 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3344035 | 11629 | SH |  | SOLE |  | 11629 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 12873416 | 44877 | SH |  | SOLE |  | 44877 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1041350 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 9911153 | 47588 | SH |  | SOLE |  | 47588 | 0 | 0 |
| AMER SPORTS INC | COM SHS | G0260P102 |  | 8206265 | 249279 | SH |  | SOLE |  | 249279 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 2052654 | 8088 | SH |  | SOLE |  | 8088 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 1147047 | 3356 | SH |  | SOLE |  | 3356 | 0 | 0 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 2331376 | 15411 | SH |  | SOLE |  | 15411 | 0 | 0 |
| ARRIVENT BIOPHARMA INC | COM | 04272N102 |  | 2820907 | 122276 | SH |  | SOLE |  | 122276 | 0 | 0 |
| ASE TECHNOLOGY HLDG CO LTD | SPONSORED ADS | 00215W100 |  | 9608901 | 443215 | SH |  | SOLE |  | 443215 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 956670 | 33000 | SH |  | SOLE |  | 33000 | 0 | 0 |
| ATOUR LIFESTYLE HLDGS LTD | SPONSORED ADS | 04965M106 |  | 1302706 | 35390 | SH |  | SOLE |  | 35390 | 0 | 0 |
| AXT INC | COM | 00246W103 |  | 6585008 | 115567 | SH |  | SOLE |  | 115567 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 692587 | 6216 | SH |  | SOLE |  | 6216 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 1055249 | 17285 | SH |  | SOLE |  | 17285 | 0 | 0 |
| BILIBILI INC | SPONS ADS REP Z | 090040106 |  | 4697511 | 208223 | SH |  | SOLE |  | 208223 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 2713594 | 20028 | SH |  | SOLE |  | 20028 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 5172222 | 16711 | SH |  | SOLE |  | 16711 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 969173 | 1368 | SH |  | SOLE |  | 1368 | 0 | 0 |
| CHAGEE HLDGS LTD | SPONSORED ADS | 15743P104 |  | 342608 | 36800 | SH |  | SOLE |  | 36800 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 1843626 | 10900 | SH |  | SOLE |  | 10900 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 601527 | 5304 | SH |  | SOLE |  | 5304 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 1605532 | 7781 | SH |  | SOLE |  | 7781 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 7215619 | 30291 | SH |  | SOLE |  | 30291 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 |  | 683979 | 496 | SH |  | SOLE |  | 496 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 323930 | 1160 | SH |  | SOLE |  | 1160 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 9892361 | 72754 | SH |  | SOLE |  | 72754 | 0 | 0 |
| CORVUS PHARMACEUTICALS INC | COM | 221015100 |  | 2680026 | 183187 | SH |  | SOLE |  | 183187 | 0 | 0 |
| DAQO NEW ENERGY CORP | SPNSRD ADS NEW | 23703Q203 |  | 372778 | 17526 | SH |  | SOLE |  | 17526 | 0 | 0 |
| DBV TECHNOLOGIES S A | SPONSORED ADS | 23306J309 |  | 1347405 | 64500 | SH |  | SOLE |  | 64500 | 0 | 0 |
| DHT HOLDINGS INC | SHS NEW | Y2065G121 |  | 2447504 | 133963 | SH |  | SOLE |  | 133963 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 3236556 | 9049 | SH |  | SOLE |  | 9049 | 0 | 0 |
| ELBIT SYS LTD | ORD | M3760D101 |  | 960321 | 1131 | SH |  | SOLE |  | 1131 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 39950210 | 43435 | SH |  | SOLE |  | 43435 | 0 | 0 |
| ERASCA INC | COM | 29479A108 |  | 5787101 | 357670 | SH |  | SOLE |  | 357670 | 0 | 0 |
| FASTLY INC | CL A | 31188V100 |  | 1453000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| FLEXTRONICS INTL LTD | ORD | Y2573F102 |  | 620364 | 9477 | SH |  | SOLE |  | 9477 | 0 | 0 |
| FORMFACTOR INC | COM | 346375108 |  | 1154181 | 11900 | SH |  | SOLE |  | 11900 | 0 | 0 |
| FRONTLINE PLC | COM | M46528101 |  | 9760974 | 280005 | SH |  | SOLE |  | 280005 | 0 | 0 |
| FULL TRUCK ALLIANCE CO LTD | SPONSORED ADS | 35969L108 |  | 1237887 | 149143 | SH |  | SOLE |  | 149143 | 0 | 0 |
| FUTU HLDGS LTD | SPON ADS CL A | 36118L106 |  | 10508365 | 76838 | SH |  | SOLE |  | 76838 | 0 | 0 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 |  | 3070541 | 76211 | SH |  | SOLE |  | 76211 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 232191 | 266 | SH |  | SOLE |  | 266 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 1533341 | 7850 | SH |  | SOLE |  | 7850 | 0 | 0 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 13320106 | 239355 | SH |  | SOLE |  | 239355 | 0 | 0 |
| GLOBALFOUNDRIES INC | ORDINARY SHARES | G39387108 |  | 1197402 | 26920 | SH |  | SOLE |  | 26920 | 0 | 0 |
| GRAB HOLDINGS LIMITED | CLASS A ORD | G4124C109 |  | 3934500 | 1075000 | SH |  | SOLE |  | 1075000 | 0 | 0 |
| H WORLD GROUP LTD | SPONSORED ADS | 44332N106 |  | 251450 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 842014 | 33843 | SH |  | SOLE |  | 33843 | 0 | 0 |
| HECLA MINING COMPANY | COM | 422704106 |  | 249642 | 13400 | SH |  | SOLE |  | 13400 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 999826 | 3040 | SH |  | SOLE |  | 3040 | 0 | 0 |
| HUYA INC | ADS REP SHS A | 44852D108 |  | 269993 | 81816 | SH |  | SOLE |  | 81816 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 |  | 2904846 | 20202 | SH |  | SOLE |  | 20202 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 2109061 | 47792 | SH |  | SOLE |  | 47792 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 1702639 | 25386 | SH |  | SOLE |  | 25386 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 5733706 | 9934 | SH |  | SOLE |  | 9934 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 121207800 | 210000 | SH | Put | SOLE |  | 210000 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 |  | 4595508 | 61200 | SH |  | SOLE |  | 61200 | 0 | 0 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 |  | 8659299 | 252605 | SH |  | SOLE |  | 252605 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 892387 | 10294 | SH |  | SOLE |  | 10294 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 4180544 | 6400 | SH |  | SOLE |  | 6400 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 4587765 | 13959 | SH |  | SOLE |  | 13959 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 4929900 | 15000 | SH | Put | SOLE |  | 15000 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 654391 | 11523 | SH |  | SOLE |  | 11523 | 0 | 0 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 599975 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 2608960 | 10520 | SH |  | SOLE |  | 10520 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 285818 | 1076 | SH |  | SOLE |  | 1076 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 |  | 7231580 | 244558 | SH |  | SOLE |  | 244558 | 0 | 0 |
| JOYY INC | ADS REPSTG COM A | 46591M109 |  | 1082083 | 18532 | SH |  | SOLE |  | 18532 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 488011 | 1659 | SH |  | SOLE |  | 1659 | 0 | 0 |
| KANZHUN LIMITED | SPONSORED ADS | 48553T106 |  | 516185 | 38550 | SH |  | SOLE |  | 38550 | 0 | 0 |
| KE HLDGS INC | SPONSORED ADS | 482497104 |  | 452034 | 30196 | SH |  | SOLE |  | 30196 | 0 | 0 |
| LI AUTO INC | SPONSORED ADS | 50202M102 |  | 609786 | 34200 | SH |  | SOLE |  | 34200 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 1507110 | 3040 | SH |  | SOLE |  | 3040 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 7431687 | 10575 | SH |  | SOLE |  | 10575 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 963657 | 9729 | SH |  | SOLE |  | 9729 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 5120745 | 42570 | SH |  | SOLE |  | 42570 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 3841281 | 6714 | SH |  | SOLE |  | 6714 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 9551750 | 28273 | SH |  | SOLE |  | 28273 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 886557 | 2395 | SH |  | SOLE |  | 2395 | 0 | 0 |
| MINISO GROUP HLDG LTD | SPONSORED ADS | 66981J102 |  | 428603 | 26457 | SH |  | SOLE |  | 26457 | 0 | 0 |
| MODINE MFG CO | COM | 607828100 |  | 7968860 | 36772 | SH |  | SOLE |  | 36772 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 1003557 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 2416304 | 2210 | SH |  | SOLE |  | 2210 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 1042416 | 21600 | SH |  | SOLE |  | 21600 | 0 | 0 |
| NEW ORIENTAL ED  TECHNOLOGY | SPON ADR | 647581206 |  | 6099787 | 107713 | SH |  | SOLE |  | 107713 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 743569 | 6869 | SH |  | SOLE |  | 6869 | 0 | 0 |
| NIO INC | SPON ADS | 62914V106 |  | 590337 | 97900 | SH |  | SOLE |  | 97900 | 0 | 0 |
| NLIGHT INC | COM | 65487K100 |  | 684240 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| NOKIA CORP | SPONSORED ADR | 654902204 |  | 2870280 | 357000 | SH |  | SOLE |  | 357000 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 857304 | 23328 | SH |  | SOLE |  | 23328 | 0 | 0 |
| NURIX THERAPEUTICS INC | COM | 67080M103 |  | 912919 | 58898 | SH |  | SOLE |  | 58898 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1744000 | 10000 | SH | Call | SOLE |  | 10000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 73443328 | 421120 | SH |  | SOLE |  | 421120 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 522388 | 3551 | SH |  | SOLE |  | 3551 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 970275 | 6633 | SH |  | SOLE |  | 6633 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 11690695 | 72921 | SH |  | SOLE |  | 72921 | 0 | 0 |
| PAYPAY CORP | SPONSORED ADS | 70450C101 |  | 1451120 | 68000 | SH |  | SOLE |  | 68000 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 42247036 | 413457 | SH |  | SOLE |  | 413457 | 0 | 0 |
| PERPETUA RESOURCES CORP | COM | 714266103 |  | 371184 | 13200 | SH |  | SOLE |  | 13200 | 0 | 0 |
| PONY AI INC | SPONSORED ADS | 732908108 |  | 327870 | 34732 | SH |  | SOLE |  | 34732 | 0 | 0 |
| POWER SOLUTIONS INTL INC | COM NEW | 73933G202 |  | 974080 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| REDWIRE CORPORATION | COM | 75776W103 |  | 788630 | 92780 | SH |  | SOLE |  | 92780 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 972754 | 1259 | SH |  | SOLE |  | 1259 | 0 | 0 |
| REVOLUTION MEDICINES INC | COM | 76155X100 |  | 2258826 | 23227 | SH |  | SOLE |  | 23227 | 0 | 0 |
| RLX TECHNOLOGY INC | SPONSORED ADS | 74969N103 |  | 257052 | 116842 | SH |  | SOLE |  | 116842 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 811549 | 1908 | SH |  | SOLE |  | 1908 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 39420306 | 62046 | SH |  | SOLE |  | 62046 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 4540555 | 54831 | SH |  | SOLE |  | 54831 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 2397560 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 3074250 | 37500 | SH |  | SOLE |  | 37500 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 13213108 | 215689 | SH |  | SOLE |  | 215689 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 3421094 | 69295 | SH |  | SOLE |  | 69295 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 1698165 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 1780860 | 13400 | SH |  | SOLE |  | 13400 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 1687284 | 36768 | SH |  | SOLE |  | 36768 | 0 | 0 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 2122871 | 20046 | SH |  | SOLE |  | 20046 | 0 | 0 |
| SITIME CORP | COM | 82982T106 |  | 2583218 | 7480 | SH |  | SOLE |  | 7480 | 0 | 0 |
| SOLARIS ENERGY INFRAS INC | COM CL A | 83418M103 |  | 904160 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 2151450 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 33148251 | 77037 | SH |  | SOLE |  | 77037 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 1801441 | 3715 | SH |  | SOLE |  | 3715 | 0 | 0 |
| STATE STR SPDR DOW JONES IND | UT SER 1 | 78467X109 |  | 5488802 | 11850 | SH |  | SOLE |  | 11850 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 9318722 | 14329 | SH |  | SOLE |  | 14329 | 0 | 0 |
| SUMMIT THERAPEUTICS INC | COM | 86627T108 |  | 2522325 | 133034 | SH |  | SOLE |  | 133034 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 978116 | 2467 | SH |  | SOLE |  | 2467 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 31667943 | 93706 | SH |  | SOLE |  | 93706 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 2502325 | 12670 | SH |  | SOLE |  | 12670 | 0 | 0 |
| TAL ED GROUP | SPONSORED ADS | 874080104 |  | 216940 | 19080 | SH |  | SOLE |  | 19080 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 9750983 | 69102 | SH |  | SOLE |  | 69102 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 574836 | 1939 | SH |  | SOLE |  | 1939 | 0 | 0 |
| TIDAL TRUST II | YIELDMAX NVDA | 88634T774 |  | 5725478 | 441100 | SH |  | SOLE |  | 441100 | 0 | 0 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 5760306 | 32826 | SH |  | SOLE |  | 32826 | 0 | 0 |
| TPG INC | COM CL A | 872657101 |  | 694301 | 17139 | SH |  | SOLE |  | 17139 | 0 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 282011 | 5664 | SH |  | SOLE |  | 5664 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 1226833 | 13325 | SH |  | SOLE |  | 13325 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2300015 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 6436014 | 70132 | SH |  | SOLE |  | 70132 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 651780 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 309595500 | 807500 | SH | Put | SOLE |  | 807500 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 474106 | 2699 | SH |  | SOLE |  | 2699 | 0 | 0 |
| VERADERMICS INC | COMMON STOCK | 922967104 |  | 2607842 | 41296 | SH |  | SOLE |  | 41296 | 0 | 0 |
| VIPSHOP HLDGS LTD | SPONSORED ADS A | 92763W103 |  | 14651040 | 932000 | SH |  | SOLE |  | 932000 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1919224 | 6350 | SH |  | SOLE |  | 6350 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 5461464 | 20191 | SH |  | SOLE |  | 20191 | 0 | 0 |
| XPENG INC | ADS | 98422D105 |  | 1491154 | 87151 | SH |  | SOLE |  | 87151 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 282924 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| ZTO EXPRESS CAYMAN INC | SPONSORED ADS A | 98980A105 |  | 785807 | 31220 | SH |  | SOLE |  | 31220 | 0 | 0 |

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