Q3 2025 · 13F-HR
Aspex Management (HK) Ltdholdings as filed
Filed 2025-11-14 · accession 0001768375-25-000010
$4.7M
Reported value
26
Positions
2025-09-30
Period end
The Brief · Aspex Management (HK) Ltd · Q3 2025
AI · grounded in 13F
Aspex Management (HK) Ltd established a new position in SE valued at $766,996. The fund also initiated new stakes in SNPS for $748,760 and FUTU for $426,405. Other new additions include PDD, EDU, and YMM. The fund ended the period with 26 positions and total AUM of $4,723,919.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 81141R100 | SE | SEA LTD | $766,996 | 16.2% | 4,291,369 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $748,760 | 15.9% | 1,517,582 | Common | SOLE |
| 36118L106 | FUTU | FUTU HLDGS LTD | $426,405 | 9.03% | 2,451,873 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $419,287 | 8.88% | 3,172,333 | Common | SOLE |
| 647581206 | EDU | NEW ORIENTAL ED & TECHNOLOGY | $312,018 | 6.61% | 5,879,363 | Common | SOLE |
| 35969L108 | YMM | FULL TRUCK ALLIANCE CO LTD | $308,218 | 6.52% | 23,763,953 | Common | SOLE |
| 62914V106 | NIO | NIO INC | $266,700 | 5.65% | 35,000,000 | Common | SOLE |
| G0260P102 | AS | AMER SPORTS INC | $206,244 | 4.37% | 5,935,091 | Common | SOLE |
| 25809K105 | DASH | DOORDASH INC | $197,122 | 4.17% | 724,740 | Common | SOLE |
| 88557W101 | QFIN | QIFU TECHNOLOGY INC | $187,552 | 3.97% | 6,516,734 | Common | SOLE |
| G4124C109 | GRAB | GRAB HOLDINGS LIMITED | $170,875 | 3.62% | 28,384,511 | Common | SOLE |
| 04965M106 | ATAT | ATOUR LIFESTYLE HLDGS LTD | $166,478 | 3.52% | 4,428,783 | Common | SOLE |
| 144285103 | CRS | CARPENTER TECHNOLOGY CORP | $136,215 | 2.88% | 554,758 | Common | SOLE |
| 732908108 | PONY | PONY AI INC | $93,119 | 1.97% | 4,140,447 | Common | SOLE |
| 81141RAF7 | SEALTD 2.375 12/01/25 | SEA LTD | $59,051 | 1.25% | 30,000,000 | Common | SOLE |
| 44332NAB2 | HTHT 3 05/01/26 | H WORLD GROUP LTD | $55,327 | 1.17% | 50,000,000 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORP | $53,512 | 1.13% | 399,641 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $48,538 | 1.03% | 368,351 | Common | SOLE |
| G4124C909 | — | GRAB HOLDINGS LIMITED | $43,788 | 0.93% | 29,482,900 | CALL | SOLE |
| 64110W102 | NTES | NETEASE INC | $22,442 | 0.48% | 147,655 | Common | SOLE |
| 74969N103 | RLX | RLX TECHNOLOGY INC | $20,780 | 0.44% | 7,901,172 | Common | SOLE |
| G5380J100 | LANV | LANVIN GROUP HOLDINGS LIMITE | $9,360 | 0.20% | 4,500,000 | Common | SOLE |
| G72245122 | PRE | PRENETICS GLOBAL LTD | $4,604 | 0.10% | 346,150 | Common | SOLE |
| 92561V208 | RBOT | VICARIOUS SURGICAL INC | $478 | 0.01% | 86,666 | Common | SOLE |
| G72245114 | PRENW | PRENETICS GLOBAL LTD | $31 | 0.00% | 1,166,666 | Common | SOLE |
| G5380J118 | LANV/WS | LANVIN GROUP HOLDINGS LIMITE | $19 | 0.00% | 1,000,000 | 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.