CIK 1910173
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 |
|---|---|---|
| Capital Markets | 19.03% | 1 |
| Semiconductors & Semiconductor Equipment | 18.44% | 2 |
| Software & IT Services | 17.86% | 2 |
| Commercial Services & Supplies | 16.18% | 2 |
| Unclassified | 14.19% | 1 |
| Software | 8.56% | 1 |
| Oil, Gas & Consumable Fuels | 3.67% | 1 |
| Technology Hardware & Equipment | 2.08% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | FUTU | Futu Holdings Ltd | Financials | 19.03% |
| 2 | JOYY | JOYY INC | Unclassified | 14.19% |
| 3 | GDS | Gds Holdings Ltd | Information Technology | 13.98% |
| 4 | PAYP | PayPay Corp | Industrials | 13.21% |
| 5 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | Information Technology | 11.71% |
| 6 | NTES | Netease, Inc. | Information Technology | 8.56% |
| 7 | MU | MICRON TECHNOLOGY INC | Information Technology | 6.73% |
| 8 | BILI | Bilibili Inc. | Information Technology | 3.88% |
| 9 | PBR | PETROBRAS - PETROLEO BRASILEIRO SA | Energy | 3.67% |
| 10 | BABA | Alibaba Group Holding Ltd | Industrials | 2.97% |
10/11 names classified · sector 85.8% of weight · industry 85.8% · mkt cap 8.8%; 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: 85.8% of the book is sector-classified (unclassified names shown, never dropped).
Only 7% of book weight classified — the grid is NOT representative of the whole book.
Classified: 6.7% of book weight (1/11 names) · unclassified 93.3%: FUTU, JOYY, GDS, PAYP, TSM, NTES, BILI, PBR, BABA, SNDK. 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 | FUTUFUTU HLDGS LTD | 342,069 | $47M | 19.0% | ADD 37% |
| 2 | JOYYJOYY INC | 597,162 | $35M | 14.2% | ADD 32% |
| 3 | GDSGDS HLDGS LTD | 853,182 | $34M | 14.0% | ADD 88% |
| 4 | PAYPPAYPAY CORP | 1,521,400 | $32M | 13.2% | NEW |
| 5 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 85,160 | $29M | 11.7% | ADD 53% |
| 6 | NTESNETEASE COM INC | 187,971 | $21M | 8.6% | ADD 114% |
| 7 | MUMICRON TECHNOLOGY INC | 48,945 | $17M | 6.7% | NEW |
| 8 | BILIBILIBILI INC | 422,312 | $10M | 3.9% | TRIM −38% |
| 9 | PBRPETROLEO BRASILEIRO S A | 434,800 | $9M | 3.7% | NEW |
| 10 | BABAALIBABA GROUP HLDG LTD | 58,120 | $7M | 3.0% | NEW |
| 11 | SNDKSANDISK CORP | 61,700 | $5M | 2.1% | TRIM −43% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| FUTUFUTU HLDGS LTD | 246K | 215K | 53K | 169K | 249K | 342K | $47M |
| JOYYJOYY INC | 575K | 127K | 352K | 353K | 452K | 597K | $35M |
| GDSGDS HLDGS LTD | 285K | — | 467K | 527K | 454K | 853K | $34M |
| PAYPPAYPAY CORP | — | — | — | — | — | 1.5M | $32M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | 104K | 66K | 108K | 53K | 56K | 85K | $29M |
| NTESNETEASE COM INC | 125K | — | — | — | 88K | 188K | $21M |
| MUMICRON TECHNOLOGY INC | — | — | — | — | — | 49K | $17M |
| BILIBILIBILI INC | — | — | — | — | 676K | 422K | $10M |
| PBRPETROLEO BRASILEIRO S A | — | — | — | — | — | 435K | $9M |
| BABAALIBABA GROUP HLDG LTD | — | — | — | 47K | — | 58K | $7M |
| SNDKSANDISK CORP | — | — | — | — | 108K | 62K | $5M |
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.
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