CIK 1738126
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Hotels, Restaurants & Leisure | 62.55% | 1 |
| Software | 23.95% | 1 |
| Software & IT Services | 6.32% | 1 |
| Tobacco | 6.08% | 1 |
| Banks | 1.10% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ATAT | Atour Lifestyle Holdings Ltd | Consumer Discretionary | 62.55% |
| 2 | YMM | Full Truck Alliance Co. Ltd. | Information Technology | 23.95% |
| 3 | HUYA | HUYA Inc. | Information Technology | 6.32% |
| 4 | RLX | RLX Technology Inc. | Consumer Staples | 6.08% |
| 5 | PURR | Hyperliquid Strategies Inc | Financials | 1.10% |
5/5 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 1.1%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 0% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.0% of book weight (0/5 names) · unclassified 100.0%: ATAT, YMM, HUYA, RLX, PURR. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| ATATATOUR LIFESTYLE HLDGS LTD | 7.2M | 7.4M | 8.0M | 8.5M | 8.7M | 16.2M | $597M |
| YMMFULL TRUCK ALLIANCE CO LTD | 15.7M | 15.7M | 16.8M | 5.0M | 15.0M | 27.5M | $229M |
| HUYAHUYA INC | — | — | — | — | — | 18.3M | $60M |
| RLXRLX TECHNOLOGY INC | — | — | — | — | — | 26.4M | $58M |
| PURRHYPERLIQUID STRATEGIES INC | — | — | — | — | — | 2.1M | $10M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
