CIK 1965546
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 |
|---|---|---|
| Specialty Retail | 29.54% | 2 |
| Unclassified | 25.81% | 2 |
| Semiconductors & Semiconductor Equipment | 19.66% | 1 |
| Diversified Consumer Services | 10.29% | 1 |
| Software & IT Services | 6.92% | 1 |
| Health Care Equipment & Supplies | 5.26% | 1 |
| Communications Equipment | 1.67% | 1 |
| Software | 0.44% | 1 |
| Banks | 0.41% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VIPS | Vipshop Holdings Ltd | Consumer Discretionary | 28.83% |
| 2 | INTC | INTEL CORP | Information Technology | 19.66% |
| 3 | JOYY | JOYY INC | Unclassified | 18.70% |
| 4 | EDU | New Oriental Education & Technology Group Inc. | Consumer Discretionary | 10.29% |
| 5 | GLD | SPDR GOLD TR | Unclassified | 7.12% |
| 6 | DOYU | DouYu International Holdings Ltd | Information Technology | 6.92% |
| 7 | STAA | STAAR SURGICAL CO | Health Care | 5.26% |
| 8 | LITE | Lumentum Holdings Inc. | Information Technology | 1.67% |
| 9 | DDL | Dingdong (Cayman) Ltd | Consumer Discretionary | 0.71% |
| 10 | YMM | Full Truck Alliance Co. Ltd. | Information Technology | 0.44% |
9/11 names classified · sector 74.2% of weight · industry 74.2% · mkt cap 26.6%; 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: 74.2% of the book is sector-classified (unclassified names shown, never dropped).
Only 21% of book weight classified — the grid is NOT representative of the whole book.
Classified: 21.3% of book weight (2/11 names) · unclassified 78.7%: VIPS, JOYY, EDU, GLD, DOYU, STAA, DDL, YMM, LX. 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 | VIPSVIPSHOP HLDGS LTD | 1,774,290 | $28M | 28.8% | ADD 500% |
| 2 | INTCINTEL CORP | 431,000 | $19M | 19.7% | ADD 48% |
| 3 | JOYYJOYY INC | 309,800 | $18M | 18.7% | TRIM −9% |
| 4 | EDUNEW ORIENTAL ED & TECHNOLOGY | 175,750 | $10M | 10.3% | TRIM −67% |
| 5 | GLDSPDR GOLD TR | 16,000 | $7M | 7.1% | NEW |
| 6 | DOYUDOUYU INTL HLDGS LTD | 1,334,229 | $7M | 6.9% | ADD 20% |
| 7 | STAASTAAR SURGICAL CO | 271,965 | $5M | 5.3% | NEW |
| 8 | LITELUMENTUM HLDGS INC | 2,300 | $2M | 1.7% | NEW |
| 9 | DDLDINGDONG CAYMAN LTD | 266,760 | $685,573 | 0.7% | NEW |
| 10 | YMMFULL TRUCK ALLIANCE CO LTD | 51,100 | $424,130 | 0.4% | TRIM −93% |
| 11 | LXLEXINFINTECH HLDGS LTD | 181,697 | $396,099 | 0.4% | TRIM −54% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| VIPSVIPSHOP HLDGS LTD | 210K | 4K | 17K | — | 296K | 1.8M | $28M |
| INTCINTEL CORP | — | 690K | 190K | 192K | 291K | 431K | $19M |
| JOYYJOYY INC | 376K | 1.3M | 985K | 255K | 339K | 310K | $18M |
| EDUNEW ORIENTAL ED & TECHNOLOGY | — | 1.1M | 240K | — | 526K | 176K | $10M |
| GLDSPDR GOLD TR | — | — | — | — | — | 16K | $7M |
| DOYUDOUYU INTL HLDGS LTD | 1.6M | 1.1M | 1.1M | 1.1M | 1.1M | 1.3M | $7M |
| STAASTAAR SURGICAL CO | — | — | — | — | — | 272K | $5M |
| LITELUMENTUM HLDGS INC | — | — | — | — | — | 2K | $2M |
| DDLDINGDONG CAYMAN LTD | — | — | — | — | — | 267K | $685,573 |
| YMMFULL TRUCK ALLIANCE CO LTD | — | — | — | 2.6M | 756K | 51K | $424,130 |
| LXLEXINFINTECH HLDGS LTD | 4.0M | 5.3M | 3.6M | 3.6M | 395K | 182K | $396,099 |
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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