CIK 1848138
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 |
|---|---|---|
| Software & IT Services | 30.12% | 3 |
| Commercial Services & Supplies | 20.11% | 4 |
| Software | 17.97% | 2 |
| Semiconductors & Semiconductor Equipment | 12.03% | 3 |
| Specialty Retail | 5.46% | 2 |
| Hotels, Restaurants & Leisure | 3.94% | 3 |
| Capital Markets | 3.51% | 1 |
| Diversified Consumer Services | 2.66% | 2 |
| Technology Hardware & Equipment | 1.63% | 1 |
| Banks | 1.10% | 1 |
| Insurance | 0.91% | 1 |
| Unclassified | 0.37% | 1 |
| Communications Equipment | 0.20% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc. | Communication Services | 21.66% |
| 2 | PDD | PDD Holdings Inc. | Industrials | 13.45% |
| 3 | NTES | Netease, Inc. | Information Technology | 9.21% |
| 4 | YMM | Full Truck Alliance Co. Ltd. | Information Technology | 8.77% |
| 5 | META | Meta Platforms, Inc. | Communication Services | 7.99% |
| 6 | INTC | INTEL CORP | Information Technology | 7.88% |
| 7 | AMZN | AMAZON COM INC | Consumer Discretionary | 5.40% |
| 8 | FUTU | Futu Holdings Ltd | Financials | 3.51% |
| 9 | NVDA | NVIDIA CORP | Information Technology | 3.43% |
| 10 | TCOM | Trip.Com Group Ltd | Industrials | 3.34% |
24/25 names classified · sector 99.6% of weight · industry 99.6% · mkt cap 49.1%; 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: 99.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 49% of book weight classified — the grid is NOT representative of the whole book.
Classified: 49.1% of book weight (8/25 names) · unclassified 50.9%: PDD, NTES, YMM, FUTU, TCOM, ATAT, BABA, EDU, HTHT, QFIN +7 more. 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 | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | GOOGLALPHABET INC | 2,921,634 | $840M | 21.7% | ADD 9% |
| 2 | PDDPDD HOLDINGS INC | 5,103,804 | $522M | 13.4% | ADD 29% |
| 3 | NTESNETEASE COM INC | 3,190,000 | $357M | 9.2% | HOLD |
| 4 | YMMFULL TRUCK ALLIANCE CO LTD | 40,957,519 | $340M | 8.8% | ADD 43% |
| 5 | METAMETA PLATFORMS INC | 541,689 | $310M | 8.0% | TRIM −46% |
| 6 | INTCINTEL CORP | 6,923,236 | $306M | 7.9% | ADD 167% |
| 7 | AMZNAMAZON COM INC | 1,004,700 | $209M | 5.4% | NEW |
| 8 | FUTUFUTU HLDGS LTD | 996,348 | $136M | 3.5% | TRIM −12% |
| 9 | NVDANVIDIA CORPORATION | 762,748 | $133M | 3.4% | TRIM −9% |
| 10 | TCOMTRIP COM GROUP LTD | 2,604,281 | $130M | 3.3% | NEW |
| 11 | ATATATOUR LIFESTYLE HLDGS LTD | 2,591,136 | $95M | 2.5% | ADD 13% |
| 12 | BABAALIBABA GROUP HLDG LTD | 703,009 | $88M | 2.3% | TRIM −17% |
| 13 | EDUNEW ORIENTAL ED & TECHNOLOGY | 1,328,218 | $75M | 1.9% | HOLD |
| 14 | AAPLAPPLE INC | 248,368 | $63M | 1.6% | ADD 17% |
| 15 | HTHTH WORLD GROUP LTD | 1,063,181 | $53M | 1.4% | ADD 26% |
| 16 | QFINQFIN HOLDINGS INC | 3,295,438 | $43M | 1.1% | HOLD |
| 17 | SESEA LTD | 488,048 | $40M | 1.0% | ADD 51% |
| 18 | UNHUNITEDHEALTH GROUP INC | 130,310 | $35M | 0.9% | HOLD |
| 19 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 83,052 | $28M | 0.7% | TRIM −8% |
| 20 | TALTAL EDUCATION GROUP | 2,448,817 | $28M | 0.7% | TRIM −6% |
| 21 | WRDWERIDE INC | 2,201,800 | $18M | 0.5% | HOLD |
| 22 | MMYTMAKEMYTRIP LIMITED MAURITIUS | 388,557 | $14M | 0.4% | ADD 51% |
| 23 | LITELUMENTUM HLDGS INC | 10,822 | $8M | 0.2% | NEW |
| 24 | HDLSUPER HI INTL HLDG LTD | 268,341 | $4M | 0.1% | HOLD |
| 25 | REREATRENEW INC | 525,000 | $2M | 0.1% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| GOOGLALPHABET INC | 501K | 46K | 185K | 1.8M | 2.7M | 2.9M | $840M |
| PDDPDD HOLDINGS INC | 4.6M | 4.6M | 3.2M | 3.4M | 4.0M | 5.1M | $522M |
| NTESNETEASE COM INC | 3.6M | 3.6M | 3.5M | 3.2M | 3.2M | 3.2M | $357M |
| YMMFULL TRUCK ALLIANCE CO LTD | 26.0M | 26.0M | 28.8M | 28.6M | 28.6M | 41.0M | $340M |
| METAMETA PLATFORMS INC | 879K | 969K | 991K | 1.2M | 997K | 542K | $310M |
| INTCINTEL CORP | — | 2.2M | 2.0M | 1.9M | 2.6M | 6.9M | $306M |
| AMZNAMAZON COM INC | 32K | — | — | — | — | 1.0M | $209M |
| FUTUFUTU HLDGS LTD | 1.3M | 1.9M | 1.5M | 996K | 1.1M | 996K | $136M |
| NVDANVIDIA CORPORATION | 38K | — | 630K | 2.4M | 838K | 763K | $133M |
| TCOMTRIP COM GROUP LTD | 175K | 384K | 378K | — | — | 2.6M | $130M |
| ATATATOUR LIFESTYLE HLDGS LTD | — | — | 211K | 2.3M | 2.3M | 2.6M | $95M |
| BABAALIBABA GROUP HLDG LTD | — | 601K | 465K | 843K | 843K | 703K | $88M |
| EDUNEW ORIENTAL ED & TECHNOLOGY | 1.2M | 1.4M | 1.3M | 1.3M | 1.3M | 1.3M | $75M |
| AAPLAPPLE INC | 744K | 782K | — | 213K | 213K | 248K | $63M |
| HTHTH WORLD GROUP LTD | — | — | 177K | 360K | 843K | 1.1M | $53M |
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.
Where this firm's principals came from and which firms its alumni went on to found.
