Q4 2025 · 13F-HR
Aspex Management (HK) Ltdholdings as filed
Filed 2026-02-13 · accession 0001768375-26-000002
$4.9M
Reported value
24
Positions
2025-12-31
Period end
The Brief · Aspex Management (HK) Ltd · Q4 2025
AI · grounded in 13F
Aspex Management (HK) Ltd initiated a new position in NVDA worth $535,977. The fund also established new stakes in LITE for $251,363 and TER for $199,723. On the sell side, the fund closed its positions in DASH and CRS, while trimming its holding in NIO by 62.45%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 871607107 | SNPS | SYNOPSYS INC | $998,667 | 20.2% | 2,126,089 | Common | SOLE |
| 36118L106 | FUTU | FUTU HLDGS LTD | $553,650 | 11.2% | 3,371,597 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $535,977 | 10.8% | 2,873,869 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $430,296 | 8.70% | 3,373,016 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $352,589 | 7.13% | 3,109,525 | Common | SOLE |
| G0260P102 | AS | AMER SPORTS INC | $283,622 | 5.74% | 7,593,627 | Common | SOLE |
| G4124C109 | GRAB | GRAB HOLDINGS LIMITED | $278,766 | 5.64% | 55,864,875 | Common | SOLE |
| 647581206 | EDU | NEW ORIENTAL ED & TECHNOLOGY | $276,525 | 5.59% | 5,024,985 | Common | SOLE |
| 35969L108 | YMM | FULL TRUCK ALLIANCE CO LTD | $254,987 | 5.16% | 23,763,953 | Common | SOLE |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $251,363 | 5.09% | 681,959 | Common | SOLE |
| 880770102 | TER | TERADYNE INC | $199,723 | 4.04% | 1,031,838 | Common | SOLE |
| 04965M106 | ATAT | ATOUR LIFESTYLE HLDGS LTD | $140,177 | 2.84% | 3,557,795 | Common | SOLE |
| 88557W101 | QFIN | QIFU TECHNOLOGY INC | $123,762 | 2.50% | 6,422,510 | Common | SOLE |
| 62914V106 | NIO | NIO INC | $67,022 | 1.36% | 13,141,609 | Common | SOLE |
| 44332NAB2 | HTHT 3 05/01/26 | H WORLD GROUP LTD | $63,898 | 1.29% | 50,000,000 | Common | SOLE |
| 732908108 | PONY | PONY AI INC | $60,036 | 1.21% | 4,140,447 | Common | SOLE |
| 64110W102 | NTES | NETEASE INC | $20,320 | 0.41% | 147,655 | Common | SOLE |
| G4124C909 | — | GRAB HOLDINGS LIMITED | $18,696 | 0.38% | 29,482,900 | CALL | SOLE |
| 74969N103 | RLX | RLX TECHNOLOGY INC | $18,410 | 0.37% | 7,901,172 | Common | SOLE |
| G5380J100 | LANV | LANVIN GROUP HOLDINGS LIMITE | $9,045 | 0.18% | 4,500,000 | Common | SOLE |
| G72245122 | PRE | PRENETICS GLOBAL LTD | $5,452 | 0.11% | 346,150 | Common | SOLE |
| 92561V208 | RBOT | VICARIOUS SURGICAL INC | $188 | 0.00% | 86,666 | Common | SOLE |
| G72245114 | PRENW | PRENETICS GLOBAL LTD | $35 | 0.00% | 1,166,666 | Common | SOLE |
| G5380J118 | LANV/WS | LANVIN GROUP HOLDINGS LIMITE | $16 | 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.