Q3 2025 · 13F-HR
HCEP Management Ltdholdings as filed
Filed 2025-11-13 · accession 0001822015-25-000011
$176.1M
Reported value
10
Positions
2025-09-30
Period end
The Brief · HCEP Management Ltd · Q3 2025
AI · grounded in 13F
HCEP Management Ltd established a new position in BABA valued at $98.5M. The fund also initiated new stakes in MNSO for $22.5M and SNPS for $14M. Additional new positions include TAL at $11.1M, QFIN at $10.1M, and LX at $9.1M. Total assets under management stand at $176.1M across 10 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $98.5M | 55.9% | 551,128 | Common | SOLE |
| 66981J102 | MNSO | MINISO GROUP HLDG LTD | $22.5M | 12.8% | 998,251 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $14.0M | 7.92% | 28,279 | Common | SOLE |
| 874080104 | TAL | TAL EDUCATION GROUP | $11.1M | 6.30% | 991,024 | Common | SOLE |
| 88557W101 | QFIN | QFIN HOLDINGS INC | $10.1M | 5.75% | 352,013 | Common | SOLE |
| 528877103 | LX | LEXINFINTECH HLDGS LTD | $9.1M | 5.18% | 1,711,539 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $5.6M | 3.16% | 42,272 | Common | SOLE |
| 00851L103 | API | AGORA INC | $2.4M | 1.35% | 622,770 | Common | SOLE |
| 83356Q108 | SY | SO YOUNG INTERNATIONAL INC | $1.9M | 1.08% | 490,702 | Common | SOLE |
| 89677Q107 | TCOM | TRIP COM GROUP LTD | $1.0M | 0.57% | 13,300 | 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.