Q2 2025 · 13F-HR
HCEP Management Ltdholdings as filed
Filed 2025-08-13 · accession 0001822015-25-000009
$124.4M
Reported value
9
Positions
2025-06-30
Period end
The Brief · HCEP Management Ltd · Q2 2025
AI · grounded in 13F
HCEP Management Ltd established a new position in BABA valued at $64.0M. The fund also initiated new stakes in MNSO for $17.8M and TAL for $15.7M. Other new additions include QFIN, TCOM, and LX.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $64.0M | 51.4% | 564,376 | Common | SOLE |
| 66981J102 | MNSO | MINISO GROUP HLDG LTD | $17.8M | 14.3% | 974,951 | Common | SOLE |
| 874080104 | TAL | TAL EDUCATION GROUP | $15.7M | 12.6% | 1,536,024 | Common | SOLE |
| 88557W101 | QFIN | QIFU TECHNOLOGY INC | $7.6M | 6.12% | 175,581 | Common | SOLE |
| 89677Q107 | TCOM | TRIP COM GROUP LTD | $7.4M | 5.98% | 126,845 | Common | SOLE |
| 528877103 | LX | LEXINFINTECH HLDGS LTD | $6.8M | 5.46% | 942,017 | Common | SOLE |
| 74347Y755 | — | PROSHARES TR II | $2.5M | 1.98% | 131,309 | Common | SOLE |
| 00851L103 | API | AGORA INC | $2.0M | 1.62% | 530,370 | Common | SOLE |
| 90138A103 | VNET | VNET GROUP INC | $625,554 | 0.50% | 90,660 | 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.