Q3 2025 · 13F-HR
Infini Capital Management Ltdholdings as filed
Filed 2025-11-13 · accession 0001936249-25-000012
$102.0M
Reported value
11
Positions
2025-09-30
Period end
The Brief · Infini Capital Management Ltd · Q3 2025
AI · grounded in 13F
Infini Capital Management Ltd established a new position in VNET Group Inc VNET valued at $88.85M. The fund also initiated new stakes in Baidu Inc BIDU for $4.4M and PDD HOLDINGS INC [[stock:PDD 0 12/01/25]] for $2.48M. Additional new positions include KINGSOFT CLOUD HLDGS LTD KC, Ke Holdings Inc BEKE, and GDS Holdings Ltd GDS.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 90138A103 | VNET | VNET Group Inc | $88.9M | 87.1% | 8,601,395 | Common | SOLE |
| 056752108 | BIDU | Baidu Inc | $4.4M | 4.31% | 33,399 | Common | SOLE |
| 722304AC6 | PDD 0 12/01/25 | PDD HOLDINGS INC | $2.5M | 2.43% | 2,500,000 | Common | SOLE |
| 49639K101 | KC | KINGSOFT CLOUD HLDGS LTD | $2.5M | 2.43% | 165,966 | Common | SOLE |
| 482497104 | BEKE | Ke Holdings Inc | $2.4M | 2.38% | 128,040 | Common | SOLE |
| 36165L108 | GDS | GDS Holdings Ltd | $506,970 | 0.50% | 13,100 | Common | SOLE |
| 98887Q104 | ZLAB | ZAI LAB LTD | $422,947 | 0.41% | 12,480 | Common | SOLE |
| 15743P104 | CHA | CHAGEE HOLDINGS LTD | $397,200 | 0.39% | 24,000 | Common | SOLE |
| 090040106 | BILI | BILIBILI INC | $21,910 | 0.02% | 780 | Common | SOLE |
| 66981J102 | MNSO | MINISO Group Holding Ltd | $21,375 | 0.02% | 950 | Common | SOLE |
| 01609W102 | BABA | Alibaba Group Holding Ltd | $3,217 | 0.00% | 18 | 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.