Q4 2025 · 13F-HR
BRILLIANCE ASSET MANAGEMENT LTDholdings as filed
Filed 2026-02-12 · accession 0001665751-26-000002
$254.8M
Reported value
6
Positions
2025-12-31
Period end
The Brief · BRILLIANCE ASSET MANAGEMENT LTD · Q4 2025
AI · grounded in 13F
BRILLIANCE ASSET MANAGEMENT LTD established a new position in PDD valued at $67.5M. The fund closed its position in LI, reducing exposure by $45.2M, and exited EDU for $13M. Other activity included accumulating shares of AS by 164.9% and initiating a new position in TXN worth $6.3M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| G0260P102 | AS | AMER SPORTS INC | $104.9M | 41.2% | 2,809,105 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $67.5M | 26.5% | 595,174 | Common | SOLE |
| 683344105 | ONTO | ONTO INNOVATION INC | $39.4M | 15.5% | 249,447 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $24.9M | 9.79% | 79,462 | Common | SOLE |
| 528877103 | LX | LEXINFINTECH HLDGS LTD | $11.8M | 4.62% | 3,601,592 | Common | SOLE |
| 882508104 | TXN | TEXAS INSTRS INC | $6.3M | 2.46% | 36,128 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.