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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 216,244 735,573 SH   DFND 1 735,573 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 99,573 1,434,358 SH   DFND 1 1,434,358 0 0
HUAZHU GROUP LTD SPONSORED ADS 44332N106 14,874 343,990 SH   DFND 1 343,990 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 201,600 4,800,000 SH Put DFND 1 4,800,000 0 0
JD.COM INC SPON ADR CL A 47215P106 81,139 1,045,468 SH   DFND 1 1,045,468 0 0
LOWES COS INC COM 548661107 127,960 771,494 SH   DFND 1 771,494 0 0
LULULEMON ATHLETICA INC COM 550021109 30,533 92,700 SH   DFND 1 92,700 0 0
MARRIOTT INTL INC NEW CL A 571903202 83,555 902,520 SH   DFND 1 902,520 0 0
MELCO RESORTS AND ENTMNT LTD ADR 585464100 103,625 6,223,733 SH   DFND 1 6,223,733 0 0
NEW ORIENTAL ED & TECHNOLOGY SPON ADR 647581107 51,119 341,935 SH   DFND 1 341,935 0 0
NIKE INC CL B 654106103 124,545 992,071 SH   DFND 1 992,071 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 28,864 379,586 SH   DFND 1 379,586 0 0
THE REALREAL INC COM 88339P101 32,244 2,228,306 SH   DFND 1 2,228,306 0 0
TRIP COM GROUP LTD ADS 89677Q107 124,433 3,995,934 SH   DFND 1 3,995,934 0 0
UBER TECHNOLOGIES INC COM 90353T100 75,300 2,064,150 SH   DFND 1 2,064,150 0 0
YUM CHINA HLDGS INC COM 98850P109 50,670 956,935 SH   DFND 1 956,935 0 0