Symbol	Company	Portfolio %	Price	Quantity	Change Qty	Change Value	% Change	Total Value
BABA ALIBABA GROUP HLDG LTD	ALIBABA GROUP HLDG LTD	21.92%	$132.23	9,230,000	-2,613,158	-$345,537,882	-22.06%	$1,220,482,900
PDD PDD HOLDINGS INC	PDD HOLDINGS INC	9.29%	$118.35	4,370,000	-986,132	-$116,708,722	-18.41%	$517,189,500
AMZN AMAZON COM INC	AMAZON COM INC	8.58%	$190.26	2,510,000	-90,000	-$17,123,400	-3.46%	$477,552,600
JD JD.COM INC	JD.COM INC	5.95%	$41.12	8,050,000	-2,415,885	-$99,341,191	-23.08%	$331,016,000
META META PLATFORMS INC	META PLATFORMS INC	5.69%	$576.36	550,000	60,000	$34,581,600	12.24%	$316,998,000
GOOG ALPHABET INC	ALPHABET INC	5.64%	$156.23	2,010,000	128,037	$20,003,221	6.80%	$314,022,300
VST VISTRA CORP	VISTRA CORP	4.85%	$117.44	2,300,000	-400,000	-$46,976,000	-14.81%	$270,112,000
UBER UBER TECHNOLOGIES INC	UBER TECHNOLOGIES INC	4.19%	$72.86	3,200,000	1,700,000	$123,862,000	113.33%	$233,152,000
FXI ISHARES TR	ISHARES TR	3.61%	$35.84	5,600,000	-1,037,128	-$37,170,668	-15.63%	$200,704,000
NRG NRG ENERGY INC	NRG ENERGY INC	3.52%	$95.46	2,050,000	235,000	$22,433,100	12.95%	$195,693,000
MSFT MICROSOFT CORP	MICROSOFT CORP	3.44%	$375.39	510,000	-460,000	-$172,679,400	-47.42%	$191,448,900
KWEB KRANESHARES TRUST	KRANESHARES TRUST	2.51%	$34.91	4,000,000	-575,695	-$20,097,512	-12.58%	$139,640,000
LYFT LYFT INC	LYFT INC	1.92%	$11.87	9,000,000	-4,500,000	-$53,415,000	-33.33%	$106,830,000
ORCL ORACLE CORP	ORACLE CORP	1.76%	$139.81	700,000	-700,000	-$97,867,000	-50.00%	$97,867,000
ET ENERGY TRANSFER L P	ENERGY TRANSFER L P	1.66%	$18.59	4,957,235	42,500	$790,075	0.86%	$92,154,999
UNH UNITEDHEALTH GROUP INC	UNITEDHEALTH GROUP INC	1.65%	$523.75	175,000	500	$261,875	0.29%	$91,656,250
GLW CORNING INC	CORNING INC	1.43%	$45.78	1,743,629	243,629	$11,153,336	16.24%	$79,823,336
BIDU BAIDU INC	BAIDU INC	1.28%	$92.03	775,000	-752,909	-$69,290,215	-49.28%	$71,323,250
LHX L3HARRIS TECHNOLOGIES INC	L3HARRIS TECHNOLOGIES INC	1.13%	$209.31	300,000	300,000	$62,793,000	100.00%	$62,793,000
CZR CAESARS ENTERTAINMENT INC NE	CAESARS ENTERTAINMENT INC NE	0.99%	$25.00	2,200,000	-	-	-	$55,000,000
QCOM QUALCOMM INC	QUALCOMM INC	0.97%	$153.61	350,000	-450,000	-$69,124,500	-56.25%	$53,763,500
TSM TAIWAN SEMICONDUCTOR MFG LTD	TAIWAN SEMICONDUCTOR MFG LTD	0.81%	$166.00	270,000	20,000	$3,320,000	8.00%	$44,820,000
BEKE KE HLDGS INC	KE HLDGS INC	0.69%	$20.09	1,900,000	-674,074	-$13,542,147	-26.19%	$38,171,000
MU MICRON TECHNOLOGY INC	MICRON TECHNOLOGY INC	0.62%	$86.89	400,000	-800,000	-$69,512,000	-66.67%	$34,756,000
NVDA NVIDIA CORPORATION	NVIDIA CORPORATION	0.58%	$108.38	300,000	-380,001	-$41,184,508	-55.88%	$32,514,000
MPLX MPLX LP	MPLX LP	0.56%	$53.52	578,500	-	-	-	$30,961,320
WYNN WYNN RESORTS LTD	WYNN RESORTS LTD	0.48%	$83.50	320,000	-180,000	-$15,030,000	-36.00%	$26,720,000
LVS LAS VEGAS SANDS CORP	LAS VEGAS SANDS CORP	0.41%	$38.63	590,000	-310,000	-$11,975,300	-34.44%	$22,791,700
AVGO BROADCOM INC	BROADCOM INC	0.39%	$167.43	130,000	10,000	$1,674,300	8.33%	$21,765,900
CHKEL EXPAND ENERGY CORPORATION	EXPAND ENERGY CORPORATION	0.12%	$98.78	65,398	-84,602	-$8,356,985	-56.40%	$6,460,014
SQ BLOCK INC	BLOCK INC	0.07%	$54.33	75,000	-107,500	-$5,840,475	-58.90%	$4,074,750