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 183,781 810,573 SH   DFND 1 810,573 0 0
BILIBILI INC SPONS ADS REP Z 090040106 17,832 166,561 SH   DFND 1 166,561 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 112,052 1,434,358 SH   DFND 1 1,434,358 0 0
HUAZHU GROUP LTD SPONSORED ADS 44332N106 65,475 1,192,628 SH   DFND 1 1,192,628 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 225,834 4,840,000 SH Put DFND 1 0 0 4,840,000
JD.COM INC SPON ADR CL A 47215P106 58,649 695,468 SH   DFND 1 695,468 0 0
LOWES COS INC COM 548661107 75,976 399,494 SH   DFND 1 399,494 0 0
LULULEMON ATHLETICA INC COM 550021109 73,051 238,175 SH   DFND 1 238,175 0 0
MARRIOTT INTL INC NEW CL A 571903202 165,753 1,119,119 SH   DFND 1 1,119,119 0 0
MATCH GROUP INC NEW COM 57667L107 53,166 387,000 SH   DFND 1 387,000 0 0
MELCO RESORTS AND ENTMNT LTD ADR 585464100 123,915 6,223,733 SH   DFND 1 6,223,733 0 0
NIKE INC CL B 654106103 110,973 835,071 SH   DFND 1 835,071 0 0
SEA LTD SPONSORD ADS 81141R100 10,269 46,000 SH   DFND 1 46,000 0 0
THE REALREAL INC COM 88339P101 63,717 2,815,606 SH   DFND 1 2,815,606 0 0
TRIP COM GROUP LTD ADS 89677Q107 143,498 3,620,934 SH   DFND 1 3,620,934 0 0
UBER TECHNOLOGIES INC COM 90353T100 140,862 2,584,150 SH   DFND 1 2,584,150 0 0
YUM CHINA HLDGS INC COM 98850P109 78,864 1,331,935 SH   DFND 1 1,331,935 0 0