The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALNYLAM PHARMACEUTICALS INC ALNY US COM 02043Q107   2,475,543 9,168 SH   DFND   9,168 0 0
ALPHABET INC-CL C GOOG US CAP STK CL C 02079K107   30,615,612 195,965 SH   DFND   195,965 0 0
AMAZON.COM INC AMZN US COM 023135106   12,345,020 64,885 SH   DFND   64,885 0 0
APPLOVIN CORP-CLASS A APP US COM CL A 03831W108   1,700,577 6,418 SH   DFND   6,418 0 0
ASML HOLDING NV-NY REG SHS ASML US N Y REGISTRY SHS N07059210   27,836,424 42,009 SH   DFND   42,009 0 0
BILIBILI INC-SPONSORED ADR BILI US SPONS ADS REP Z 090040106   1,828,502 95,683 SH   DFND   95,683 0 0
BIONTECH SE-ADR BNTX US SPONSORED ADS 09075V102   3,550,976 38,996 SH   DFND   38,996 0 0
BOEING CO/THE BA US COM 097023105   30,603,321 179,439 SH   DFND   179,439 0 0
CELESTICA INC CLS US COM 15101Q207   1,403,448 17,808 SH   DFND   17,808 0 0
CENTRUS ENERGY CORP-CLASS A LEU US CL A 15643U104   9,012,612 144,874 SH   DFND   144,874 0 0
CNH INDUSTRIAL NV CNH US SHS N20944109   1,274,639 103,798 SH   DFND   103,798 0 0
CONSTELLATION ENERGY CEG US COM 21037T109   38,732,518 192,097 SH   DFND   192,097 0 0
DEERE & CO DE US COM 244199105   1,299,161 2,768 SH   DFND   2,768 0 0
DIREXION DAILY TSLA BULL 2X TSLL US DAILY TSLA 2X SH 25460G286   2,196,854 230,762 SH   DFND   230,762 0 0
DIREXION DLY SM CAP BULL 3X TNA US DLY SMCAP BULL3X 25459W847   3,777,642 129,106 SH   DFND   129,106 0 0
DRX DLY FTSE CHINA BULL 3X YINN US DL FTSE BULL 3X 25460G195   6,652,534 160,418 SH   DFND   160,418 0 0
EBAY INC EBAY US COM 278642103   4,314,604 63,703 SH   DFND   63,703 0 0
ELI LILLY & CO LLY US COM 532457108   487,287 590 SH   DFND   590 0 0
FULL TRUCK ALLIANCE -SPN ADR YMM US SPONSORED ADS 35969L108   6,773,898 530,454 SH   DFND   530,454 0 0
GRAYSCALE BITCOIN TRUST ETF GBTC US SHS REP COM UT 389637109   18,912,530 290,203 SH   DFND   290,203 0 0
KE HOLDINGS INC-ADR BEKE US SPONSORED ADS 482497104   5,338,134 265,711 SH   DFND   265,711 0 0
META PLATFORMS INC-CLASS A META US CL A 30303M102   34,906,091 60,563 SH   DFND   60,563 0 0
MICRON TECHNOLOGY INC MU US COM 595112103   6,932,779 79,788 SH   DFND   79,788 0 0
MODERNA INC MRNA US COM 60770K107   18,494,775 652,373 SH   DFND   652,373 0 0
MOGU INC-ADR SPON ADS 608012308   1,522,911 689,100 SH   DFND   689,100 0 0
NEBIUS GROUP NV NBIS US SHS CLASS A N97284108   2,957,300 140,090 SH   DFND   140,090 0 0
NETEASE INC-ADR NTES US SPONSORED ADS 64110W102   2,119,637 20,595 SH   DFND   20,595 0 0
NUSCALE POWER CORP SMR US CL A COM 67079K100   5,938,180 419,363 SH   DFND   419,363 0 0
NVIDIA CORP NVDA US COM 67066G104   8,386,553 77,381 SH   DFND   77,381 0 0
PDD HOLDINGS INC PDD US SPONSORED ADS 722304102   23,656,626 199,887 SH   DFND   199,887 0 0
PROSHARES ULTRAPRO QQQ TQQQ US ULTRAPRO QQQ 74347X831   26,494,775 462,387 SH   DFND   462,387 0 0
REGENERON PHARMACEUTICALS REGN US COM 75886F107   2,002,898 3,158 SH   DFND   3,158 0 0
SNAP INC - A SNAP US CL A 83304A106   8,915,983 1,023,649 SH   DFND   1,023,649 0 0
SNOWFLAKE INC-CLASS A SNOW US CL A 833445109   5,211,919 35,659 SH   DFND   35,659 0 0
SO-YOUNG INTERNATIONAL-ADR SPONSORED ADS 83356Q108   2,546,641 3,067,873 SH   DFND   3,067,873 0 0
SPOTIFY TECHNOLOGY SA SPOT US SHS L8681T102   440,024 800 SH   DFND   800 0 0
SUPER MICRO COMPUTER INC SMCI US COM NEW 86800U302   8,726,475 254,862 SH   DFND   254,862 0 0
TAIWAN SEMICONDUCTOR-SP ADR TSM US SPONSORED ADS 874039100   6,490,268 39,098 SH   DFND   39,098 0 0
TENCENT MUSIC ENTERTAINM-ADR TME US SPON ADS 88034P109   1,549,075 107,500 SH   DFND   107,500 0 0
TRADE DESK INC/THE -CLASS A TTD US COM CL A 88339J105   4,990,628 91,203 SH   DFND   91,203 0 0
WALT DISNEY CO/THE DIS US COM 254687106   6,191,254 62,728 SH   DFND   62,728 0 0
YUNJI INC-ADR SPONSORED ADS A 98873N305   54,806 32,250 SH   DFND   32,250 0 0
ZILLOW GROUP INC - C Z US CL C CAP STK 98954M200   39,141,795 570,913 SH   DFND   570,913 0 0
ZTO EXPRESS CAYMAN INC-ADR ZTO US SPONSORED ADS A 98980A105   1,639,736 82,648 SH   DFND   82,648 0 0