# EDGAR Filing Document

**Accession Number:** 0001376772
**File Stem:** 0001376772-25-000007
**Filing Date:** 2025-11
**Character Count:** 17214
**Document Hash:** 973724e3e784e911b4d9d11b53cb88d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001376772-25-000007.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0001376772-25-000007

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**EFFECTIVENESS DATE**: 20251118

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Dorsey Wright & Associates
- **CENTRAL INDEX KEY:** 0001376772

**ORGANIZATION NAME:**
- **EIN:** 541395937
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12076
- **FILM NUMBER:** 251493463

**BUSINESS ADDRESS:**
- **STREET 1:** 790 EAST COLORADO BLVD., STE. 550
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101
- **BUSINESS PHONE:** 626-535-0630

**MAIL ADDRESS:**
- **STREET 1:** 790 EAST COLORADO BLVD., STE. 550
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101

### 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:** Dorsey Wright  Associates<br>**Address:** 790 EAST COLORADO BLVD. STE. 550<br>PASADENA, CA 91101

**Form 13F File Number:** 028-12076

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:** Lisa Johnson<br>**Title:** Chief Compliance Officer<br>**Phone:** 3019788346

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

Lisa Johnson  Rockville, MD  11-18-2025<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:** 134

**Form 13F Information Table Value Total:** $447211000

      (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 |
| 21VIANET GROUP INC SPONSORED A | COM | 90138A103 |  | 2171000 | 210137 | SH |  | SOLE |  | 210137 | 0 | 0 |
| A T  T INC (NEW) | COM | 00206R102 |  | 318000 | 11263 | SH |  | SOLE |  | 11263 | 0 | 0 |
| AEGON LTD AMER REG 1 CERT | COM | 0076CA104 |  | 1289000 | 161372 | SH |  | SOLE |  | 161372 | 0 | 0 |
| AMERICAN ELECTRIC POWER | COM | 025537101 |  | 338000 | 3001 | SH |  | SOLE |  | 3001 | 0 | 0 |
| AMPHENOL CORP NEW CL A | COM | 032095101 |  | 15575000 | 125858 | SH |  | SOLE |  | 125858 | 88 | 0 |
| ANTERO MIDSTREAM CORP COM | COM | 03676B102 |  | 354000 | 18226 | SH |  | SOLE |  | 18226 | 0 | 0 |
| ARISTA NETWORKS INC COM SHS | COM | 040413205 |  | 411000 | 2820 | SH |  | SOLE |  | 2820 | 2820 | 0 |
| ASCENDIS PHARMA A/S SPONSORED | COM | 04351P101 |  | 1638000 | 8241 | SH |  | SOLE |  | 8241 | 0 | 0 |
| AXON ENTERPRISE INC COM | COM | 05464C101 |  | 6625000 | 9231 | SH |  | SOLE |  | 9231 | 378 | 0 |
| BANCO BILBAO VIZCAYA ARGENTASP | COM | 05946K101 |  | 2689000 | 139664 | SH |  | SOLE |  | 139664 | 0 | 0 |
| BANK NEW YORK MELLON CORP COM | COM | 064058100 |  | 9555000 | 87688 | SH |  | SOLE |  | 87688 | 0 | 0 |
| BARCLAYS PLC ADR | COM | 06738E204 |  | 2156000 | 104289 | SH |  | SOLE |  | 104289 | 0 | 0 |
| BRIGHTEC INC COM | COM | 10921P109 |  | 0 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| BRITISH AMERN TOB PLC SPONSORE | COM | 110448107 |  | 1335000 | 25149 | SH |  | SOLE |  | 25149 | 0 | 0 |
| BROADCOM INC COM | COM | 11135F101 |  | 11597000 | 35152 | SH |  | SOLE |  | 35152 | 30 | 0 |
| BUILDERS FIRSTSOURCE INC COM | COM | 12008R107 |  | 205000 | 1687 | SH |  | SOLE |  | 1687 | 1687 | 0 |
| CAPITAL ONE FINL CORP COM | COM | 14040H105 |  | 2465000 | 11596 | SH |  | SOLE |  | 11596 | 0 | 0 |
| CARDINAL HEALTH INC COM | COM | 14149Y108 |  | 4602000 | 29318 | SH |  | SOLE |  | 29318 | 1188 | 0 |
| CARPENTER TECHNOLOGY CORP COM | COM | 144285103 |  | 9280000 | 37796 | SH |  | SOLE |  | 37796 | 0 | 0 |
| CEMEX SAB DE CV SPON ADR NEW | COM | 151290889 |  | 1402000 | 155955 | SH |  | SOLE |  | 155955 | 0 | 0 |
| CHINA YUCHAI INTL LTD COM | COM | G21082105 |  | 2465000 | 59592 | SH |  | SOLE |  | 59592 | 0 | 0 |
| COMFORT SYS USA INC COM | COM | 199908104 |  | 6557000 | 7946 | SH |  | SOLE |  | 7946 | 0 | 0 |
| COMPANIA DE MINAS BUENAVENTUSP | COM | 204448104 |  | 1960000 | 80568 | SH |  | SOLE |  | 80568 | 0 | 0 |
| CONSTELLATION ENERGY CORP COM | COM | 21037T109 |  | 5539000 | 16833 | SH |  | SOLE |  | 16833 | 429 | 0 |
| CURTISS WRIGHT CORP COM | COM | 231561101 |  | 9348000 | 17217 | SH |  | SOLE |  | 17217 | 327 | 0 |
| DECKERS OUTDOOR CORP COM | COM | 243537107 |  | 246000 | 2430 | SH |  | SOLE |  | 2430 | 2430 | 0 |
| DEUTSCHE TELEKOM AG SPONSORED | COM | 251566105 |  | 1306000 | 38327 | SH |  | SOLE |  | 38327 | 0 | 0 |
| DISNEY WALT PRODTNS | COM | 254687106 |  | 4156000 | 36296 | SH |  | SOLE |  | 36296 | 0 | 0 |
| DOORDASH INC CL A | COM | 25809K105 |  | 5733000 | 21077 | SH |  | SOLE |  | 21077 | 0 | 0 |
| DT MIDSTREAM INC COMMON STOCK | COM | 23345M107 |  | 7195000 | 63636 | SH |  | SOLE |  | 63636 | 0 | 0 |
| E ON SE SPONSORED ADR | COM | 268780103 |  | 1621000 | 86166 | SH |  | SOLE |  | 86166 | 0 | 0 |
| EATON CORP PLC SHS | COM | G29183103 |  | 249000 | 664 | SH |  | SOLE |  | 664 | 664 | 0 |
| EBAY INC COM | COM | 278642103 |  | 5536000 | 60873 | SH |  | SOLE |  | 60873 | 0 | 0 |
| EMBRAER S A SP ADR REP | COM | 29082A107 |  | 3436000 | 56846 | SH |  | SOLE |  | 56846 | 0 | 0 |
| EMCOR GROUP INC COM | COM | 29084Q100 |  | 8413000 | 12953 | SH |  | SOLE |  | 12953 | 0 | 0 |
| EQT CORP COM | COM | 26884L109 |  | 250000 | 4584 | SH |  | SOLE |  | 4584 | 4584 | 0 |
| ESAB CORPORATION COM | COM | 29605J106 |  | 638000 | 5711 | SH |  | SOLE |  | 5711 | 3230 | 0 |
| EVERCORE PARTNERS INC CLASS A | COM | 29977A105 |  | 4467000 | 13243 | SH |  | SOLE |  | 13243 | 1533 | 0 |
| FACEBOOK INC CL A | COM | 30303M102 |  | 9770000 | 13304 | SH |  | SOLE |  | 13304 | 710 | 0 |
| FUTU HLDGS LTD SPON ADS CL A | COM | 36118L106 |  | 1763000 | 10138 | SH |  | SOLE |  | 10138 | 0 | 0 |
| GE VERNOVA LLC COM | COM | 36828A101 |  | 10000000 | 16263 | SH |  | SOLE |  | 16263 | 282 | 0 |
| GENERAL ELECTRIC CO COM NEW | COM | 369604301 |  | 339000 | 1126 | SH |  | SOLE |  | 1126 | 1126 | 0 |
| GOLD FIELDS LTD NEW SPONSORED | COM | 38059T106 |  | 2758000 | 65729 | SH |  | SOLE |  | 65729 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | COM | 38141G104 |  | 4637000 | 5823 | SH |  | SOLE |  | 5823 | 0 | 0 |
| GPO AEROPORTUARIO DEL PAC SASP | COM | 400506101 |  | 1353000 | 5706 | SH |  | SOLE |  | 5706 | 0 | 0 |
| GRIFOLS S A SP ADR REP B N | COM | 398438408 |  | 1447000 | 145236 | SH |  | SOLE |  | 145236 | 0 | 0 |
| HARMONY GOLD MNG LTD SPONSORED | COM | 413216300 |  | 2511000 | 138374 | SH |  | SOLE |  | 138374 | 0 | 0 |
| HASBRO INC COM | COM | 418056107 |  | 325000 | 4286 | SH |  | SOLE |  | 4286 | 0 | 0 |
| HOULIHAN LOKEY INC CL A | COM | 441593100 |  | 5517000 | 26869 | SH |  | SOLE |  | 26869 | 12 | 0 |
| HOWMET AEROSPACE INC COM | COM | 443201108 |  | 3823000 | 19482 | SH |  | SOLE |  | 19482 | 0 | 0 |
| I B M | COM | 459200101 |  | 5063000 | 17945 | SH |  | SOLE |  | 17945 | 13 | 0 |
| IDEXX LABS INC COM | COM | 45168D104 |  | 2301000 | 3601 | SH |  | SOLE |  | 3601 | 0 | 0 |
| INTERNATIONAL BANCSHARES CORCO | COM | 459044103 |  | 340000 | 4949 | SH |  | SOLE |  | 4949 | 0 | 0 |
| INTUIT COM | COM | 461202103 |  | 4794000 | 7020 | SH |  | SOLE |  | 7020 | 4 | 0 |
| INVESCO DB PRECIOUS METALS FUN | COM | 46140H502 |  | 3322000 | 37355 | SH |  | SOLE |  | 37355 | 0 | 0 |
| ISHARES INC MSCI EURZONE E | COM | 464286608 |  | 3079000 | 49716 | SH |  | SOLE |  | 49716 | 0 | 0 |
| ISHARES SILVER TRUST ISHARES | COM | 46428Q109 |  | 3278000 | 77375 | SH |  | SOLE |  | 77375 | 0 | 0 |
| ISHARES TR 20 YR TR BD ET | COM | 464287432 |  | 519000 | 5810 | SH |  | SOLE |  | 5810 | 0 | 0 |
| ISHARES TR 7-10 Y TR BD E | COM | 464287440 |  | 3354000 | 34775 | SH |  | SOLE |  | 34775 | 0 | 0 |
| ISHARES TR EUROPE ETF | COM | 464287861 |  | 2867000 | 43778 | SH |  | SOLE |  | 43778 | 0 | 0 |
| ISHARES TR IBOXX HI YD ET | COM | 464288513 |  | 391000 | 4820 | SH |  | SOLE |  | 4820 | 0 | 0 |
| ISHARES TR IBOXX INV CP E | COM | 464287242 |  | 398000 | 3569 | SH |  | SOLE |  | 3569 | 0 | 0 |
| ISHARES TR JP MOR EM MK E | COM | 464288281 |  | 395000 | 4149 | SH |  | SOLE |  | 4149 | 0 | 0 |
| ISHARES TR MSCI ACWI EX U | COM | 464288240 |  | 217000 | 3335 | SH |  | SOLE |  | 3335 | 0 | 0 |
| ISHARES TR S 500 GRWT ETF | COM | 464287309 |  | 3003000 | 24877 | SH |  | SOLE |  | 24877 | 0 | 0 |
| ISHARES TR TIPS BD ETF | COM | 464287176 |  | 507000 | 4558 | SH |  | SOLE |  | 4558 | 0 | 0 |
| ISHARES TR USA MOMENTUM F | COM | 46432F396 |  | 2980000 | 11620 | SH |  | SOLE |  | 11620 | 0 | 0 |
| KINGSOFT CLOUD HLDGS LTD ADS | COM | 49639K101 |  | 1153000 | 77307 | SH |  | SOLE |  | 77307 | 0 | 0 |
| KLA-TENCOR CORP COM | COM | 482480100 |  | 396000 | 367 | SH |  | SOLE |  | 367 | 12 | 0 |
| KOREA ELECTRIC PWR SPONSORED A | COM | 500631106 |  | 1454000 | 111416 | SH |  | SOLE |  | 111416 | 0 | 0 |
| KT CORPORATION SPONSORED ADR | COM | 48268K101 |  | 1425000 | 73071 | SH |  | SOLE |  | 73071 | 0 | 0 |
| LILLY ELI AND COMPANY | COM | 532457108 |  | 357000 | 468 | SH |  | SOLE |  | 468 | 468 | 0 |
| LUMENTUM HLDGS INC COM | COM | 55024U109 |  | 2304000 | 14162 | SH |  | SOLE |  | 14162 | 0 | 0 |
| MASTEC INC COM | COM | 576323109 |  | 2634000 | 12377 | SH |  | SOLE |  | 12377 | 0 | 0 |
| MASTERCARD INC CL A | COM | 57636Q104 |  | 4827000 | 8486 | SH |  | SOLE |  | 8486 | 5 | 0 |
| MCKESSON CORP COM | COM | 58155Q103 |  | 219000 | 283 | SH |  | SOLE |  | 283 | 283 | 0 |
| MEDPACE HLDGS INC COM | COM | 58506Q109 |  | 5082000 | 9885 | SH |  | SOLE |  | 9885 | 0 | 0 |
| MERCADOLIBRE INC COM | COM | 58733R102 |  | 1652000 | 707 | SH |  | SOLE |  | 707 | 0 | 0 |
| MGIC INVT CORP WIS COM | COM | 552848103 |  | 378000 | 13338 | SH |  | SOLE |  | 13338 | 0 | 0 |
| MITSUBISHI UFJ FINL GROUP INSP | COM | 606822104 |  | 2461000 | 154364 | SH |  | SOLE |  | 154364 | 0 | 0 |
| MOODYS CORP COM | COM | 615369105 |  | 3611000 | 7579 | SH |  | SOLE |  | 7579 | 196 | 0 |
| MOSAIC CO NEW COM | COM | 61945C103 |  | 4170000 | 120253 | SH |  | SOLE |  | 120253 | 0 | 0 |
| MP MATERIALS CORP | COM | 553368101 |  | 7931000 | 118252 | SH |  | SOLE |  | 118252 | 0 | 0 |
| NATIONAL FUEL  GAS CO | COM | 636180101 |  | 2127000 | 23030 | SH |  | SOLE |  | 23030 | 0 | 0 |
| NETFLIX INC COM | COM | 64110L106 |  | 8571000 | 7149 | SH |  | SOLE |  | 7149 | 293 | 0 |
| NEWMARKET CORP COM | COM | 651587107 |  | 1940000 | 2342 | SH |  | SOLE |  | 2342 | 361 | 0 |
| NEWMONT MNG CORP | COM | 651639106 |  | 11832000 | 140345 | SH |  | SOLE |  | 140345 | 0 | 0 |
| NEWS CORP NEW CL B | COM | 65249B208 |  | 3880000 | 112308 | SH |  | SOLE |  | 112308 | 2935 | 0 |
| NINTENDO LTD ADR | COM | 654445303 |  | 1562000 | 72056 | SH |  | SOLE |  | 72056 | 0 | 0 |
| NRG ENERGY INC COM NEW | COM | 629377508 |  | 15256000 | 94201 | SH |  | SOLE |  | 94201 | 0 | 0 |
| NVIDIA CORP COM | COM | 67066G104 |  | 17006000 | 91147 | SH |  | SOLE |  | 91147 | 4520 | 0 |
| OLD REP INTL CORP COM | COM | 680223104 |  | 318000 | 7481 | SH |  | SOLE |  | 7481 | 84 | 0 |
| PALANTIR TECHNOLOGIES INC CL A | COM | 69608A108 |  | 17264000 | 94638 | SH |  | SOLE |  | 94638 | 0 | 0 |
| PALO ALTO NETWORKS INC COM | COM | 697435105 |  | 4171000 | 20486 | SH |  | SOLE |  | 20486 | 1504 | 0 |
| PHILIP MORRIS INTL INC COM | COM | 718172109 |  | 4339000 | 26748 | SH |  | SOLE |  | 26748 | 0 | 0 |
| PROSUS N V SPONSORED ADR | COM | 74365P108 |  | 1632000 | 115853 | SH |  | SOLE |  | 115853 | 0 | 0 |
| RALPH LAUREN CORP CL A | COM | 751212101 |  | 1678000 | 5350 | SH |  | SOLE |  | 5350 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP COM | COM | 75513E101 |  | 375000 | 2242 | SH |  | SOLE |  | 2242 | 0 | 0 |
| ROLLS ROYCE HOLDINGS PLC SPONS | COM | 775781206 |  | 1558000 | 97274 | SH |  | SOLE |  | 97274 | 0 | 0 |
| ROYAL CARIBBEAN CRUISES LTD CO | COM | V7780T103 |  | 9065000 | 28014 | SH |  | SOLE |  | 28014 | 0 | 0 |
| RYANAIR HLDGS PLC SPONSORED AD | COM | 783513203 |  | 1576000 | 26177 | SH |  | SOLE |  | 26177 | 0 | 0 |
| RYDER SYS INC COM | COM | 783549108 |  | 336000 | 1782 | SH |  | SOLE |  | 1782 | 0 | 0 |
| SABRA HEALTH CARE REIT INC COM | COM | 78573L106 |  | 323000 | 17354 | SH |  | SOLE |  | 17354 | 0 | 0 |
| SAP SE SPON ADR | COM | 803054204 |  | 1779000 | 6658 | SH |  | SOLE |  | 6658 | 0 | 0 |
| SEA LTD SPONSORD ADS | COM | 81141R100 |  | 2273000 | 12718 | SH |  | SOLE |  | 12718 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PLC | COM | G7997R103 |  | 2502000 | 10601 | SH |  | SOLE |  | 10601 | 0 | 0 |
| SELECT SECTOR SPDR TR SBI INT- | COM | 81369Y605 |  | 2581000 | 47912 | SH |  | SOLE |  | 47912 | 0 | 0 |
| SELECT SECTOR SPDR TR SBI INT- | COM | 81369Y704 |  | 3277000 | 21245 | SH |  | SOLE |  | 21245 | 0 | 0 |
| SIBANYE STILLWATER LTD SPONSOR | COM | 82575P107 |  | 1909000 | 169876 | SH |  | SOLE |  | 169876 | 0 | 0 |
| SIEMENS A G SPONSORED ADR | COM | 826197501 |  | 1587000 | 11786 | SH |  | SOLE |  | 11786 | 0 | 0 |
| SINGAPORE TELECOM LTD SPON ADR | COM | 82929R304 |  | 1560000 | 48681 | SH |  | SOLE |  | 48681 | 0 | 0 |
| SPDR GOLD TRUST GOLD SHS | COM | 78463V107 |  | 3394000 | 9549 | SH |  | SOLE |  | 9549 | 0 | 0 |
| SPDR INDEX SHS FDS S INTL ET | COM | 78463X772 |  | 2853000 | 66825 | SH |  | SOLE |  | 66825 | 0 | 0 |
| SPDR SERIES TRUST BRC CNV SECS | COM | 78464A359 |  | 414000 | 4571 | SH |  | SOLE |  | 4571 | 0 | 0 |
| SPDR S 500 ETF TR TR UNIT | COM | 78462F103 |  | 210000 | 315 | SH |  | SOLE |  | 315 | 0 | 0 |
| SPROUTS FMRS MKT INC COM | COM | 85208M102 |  | 502000 | 4613 | SH |  | SOLE |  | 4613 | 2748 | 0 |
| SUMITOMO MITSUI FINL GROUP ISP | COM | 86562M209 |  | 1476000 | 88190 | SH |  | SOLE |  | 88190 | 0 | 0 |
| TAPESTRY INC COM | COM | 876030107 |  | 466000 | 4120 | SH |  | SOLE |  | 4120 | 0 | 0 |
| TELEFONICA BRASIL SA NEW ADR | FOREIGN COMMON S | 87936R205 |  | 1578000 | 123802 | SH |  | SOLE |  | 123802 | 0 | 0 |
| TEMPUR SEALY INTL INC COM | COM | 88023U101 |  | 6179000 | 73269 | SH |  | SOLE |  | 73269 | 113 | 0 |
| TENCENT HLDGS LTD ADR | COM | 88032Q109 |  | 1980000 | 23235 | SH |  | SOLE |  | 23235 | 0 | 0 |
| TRANE TECHNOLOGIES PLC SHS | COM | G8994E103 |  | 7417000 | 17577 | SH |  | SOLE |  | 17577 | 32 | 0 |
| TRANSDIGM GROUP INC COM | COM | 893641100 |  | 398000 | 302 | SH |  | SOLE |  | 302 | 149 | 0 |
| TRAVEL PLUS LEISURE CO COM | COM | 894164102 |  | 336000 | 5645 | SH |  | SOLE |  | 5645 | 0 | 0 |
| UNITED CONTL HLDGS INC COM | COM | 910047109 |  | 4489000 | 46523 | SH |  | SOLE |  | 46523 | 0 | 0 |
| UNUMPROVIDENT CORP COM | COM | 91529Y106 |  | 201000 | 2580 | SH |  | SOLE |  | 2580 | 44 | 0 |
| UP FINTECH HLDG LTD SPONSORED | COM | 91531W106 |  | 2123000 | 198988 | SH |  | SOLE |  | 198988 | 0 | 0 |
| VENTAS INC COM | COM | 92276F100 |  | 287000 | 4098 | SH |  | SOLE |  | 4098 | 0 | 0 |
| VEON LTD SPONSORED ADS | COM | 91822M502 |  | 1273000 | 23394 | SH |  | SOLE |  | 23394 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 13832000 | 70598 | SH |  | SOLE |  | 70598 | 0 | 0 |
| WELLS FARGO  CO NEW COM | COM | 949746101 |  | 7974000 | 95138 | SH |  | SOLE |  | 95138 | 0 | 0 |
| WELLTOWER INC COM | COM | 95040Q104 |  | 1777000 | 9974 | SH |  | SOLE |  | 9974 | 0 | 0 |
| XPO LOGISTICS INC COM | COM | 983793100 |  | 210000 | 1622 | SH |  | SOLE |  | 1622 | 1622 | 0 |
| YATSEN HLDG LTD SPONSORED ADS | COM | 985194208 |  | 1340000 | 147908 | SH |  | SOLE |  | 147908 | 0 | 0 |

---