13F holdings as of 2025-12-31 · vs 2025-09-30 · long US-listed positions only
| # | Holding | Shares | Value | % of 13F | QoQ Δ | |
|---|---|---|---|---|---|---|
| 1 | PDDPDD HOLDINGS INC | NEW | 302K | $34.3M | 38.6% | new |
| 2 | NVDANVIDIA CORPORATION | NEW | 126K | $23.6M | 26.6% | new |
| 3 | TSMTAIWAN SEMICONDUCTOR MANUFAC | NEW | 47K | $14.4M | 16.3% | new |
| 4 | GOOGALPHABET INC | NEW | 17K | $5.4M | 6.1% | new |
| 5 | METAMETA PLATFORMS INC | NEW | 6K | $4.0M | 4.6% | new |
| 6 | HSDTSOLANA CO | NEW | 226K | $2.9M | 3.2% | new |
| 7 | YBYUANBAO INC | NEW | 67K | $1.4M | 1.5% | new |
| 8 | SESEA LTD | NEW | 4K | $544K | 0.6% | new |
| 9 | PHMPULTE GROUP INC | NEW | 2K | $230K | 0.3% | new |
| 10 | COLDAMERICOLD REALTY TRUST INC | NEW | 17K | $216K | 0.2% | new |
| 11 | EQIXEQUINIX INC | NEW | 267 | $205K | 0.2% | new |
| 12 | HSTHOST HOTELS & RESORTS INC | NEW | 11K | $202K | 0.2% | new |
| 13 | IBITISHARES BITCOIN TRUST ETF | NEW | 4K | $199K | 0.2% | new |
| 14 | DLRDIGITAL RLTY TR INC | NEW | 1K | $196K | 0.2% | new |
| 15 | ETHAISHARES ETHEREUM TR | NEW | 7K | $166K | 0.2% | new |
| 16 | DHID R HORTON INC | NEW | 1K | $155K | 0.2% | new |
| 17 | AHRAMERICAN HEALTHCARE REIT INC | NEW | 3K | $121K | 0.1% | new |
| 18 | BMNRBITMINE IMMERSION TECNOLOGIE | NEW | 4K | $119K | 0.1% | new |
| 19 | VTRVENTAS INC | NEW | 1K | $85K | 0.1% | new |
| 20 | WELLWELLTOWER INC | NEW | 449 | $83K | 0.1% | new |
| 21 | CRCLCIRCLE INTERNET GROUP INC | NEW | 870 | $69K | 0.1% | new |
| 22 | VICIVICI PPTYS INC | NEW | 2K | $65K | 0.1% | new |
| 23 | BEKEKE HLDGS INC | NEW | 4K | $63K | 0.1% | new |
| 24 | IRMIRON MTN INC DEL | NEW | 455 | $38K | 0.0% | new |
Source: SEC Form 13F. Values are as-of 2025-12-31 (quarter-end), not live. Percentages are of reported 13F value, not the fund’s full AUM (13F excludes shorts, cash, bonds, most non-US holdings).