Aspex Management (HK) Ltd
- SEC CIK
- 0001768375
- Latest filing
- Aug 14, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 13, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 23
- −2 vs. Q3 2025
- Portfolio value
- $4.92B
- +$244.4M (+5.2%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| SNPSSynopsys Inc | COM | 2,126,089 | $998.7M | 20.3% | +608,507+40.1% | Added | History |
| FUTUFutu Holdings Ltd | SPON ADS CL A | 3,371,597 | $553.6M | 11.2% | +919,724+37.5% | Added | History |
| NVDANVIDIA Corp | Stock | 2,873,869 | $536.0M | 10.9% | +2,873,869 | New | History |
| SESea Ltd | SPONSORD ADS | 3,373,016 | $430.3M | 8.7% | −918,353−21.4% | Reduced | History |
| PDDPDD Holdings Inc. | SPONSORED ADS | 3,109,525 | $352.6M | 7.2% | −62,808−2.0% | Reduced | History |
| ASAmer Sports, Inc. | COM SHS | 7,593,627 | $283.6M | 5.8% | +1,658,536+27.9% | Added | History |
| GRABGrab Holdings Ltd | CLASS A ORD | 55,864,875 | $278.8M | 5.7% | +27,480,364+96.8% | Added | History |
| EDUNew Oriental Education & Technology Group Inc. | SPON ADR | 5,024,985 | $276.5M | 5.6% | −854,378−14.5% | Reduced | History |
| YMMFull Truck Alliance Co. Ltd. | SPONSORED ADS | 23,763,953 | $255.0M | 5.2% | 00.0% | Unchanged | History |
| LITELumentum Holdings Inc. | COM | 681,959 | $251.4M | 5.1% | +681,959 | New | History |
| TERTeradyne, Inc | Stock | 1,031,838 | $199.7M | 4.1% | +1,031,838 | New | History |
| ATATAtour Lifestyle Holdings Ltd | SPONSORED ADS | 3,557,795 | $140.2M | 2.8% | −870,988−19.7% | Reduced | History |
| QFINQfin Holdings, Inc. | AMERICAN DEP | 6,422,510 | $123.8M | 2.5% | −94,224−1.4% | Reduced | History |
| NIONIO Inc. | ADR | 13,141,609 | $67.0M | 1.4% | −21,858,391−62.5% | Reduced | History |
| Huazhu Group Ltd44332NAB2 | NOTE 3.000% 5/0 | 50,000,000 | $63.9M | 1.3% | 00.0% | Unchanged | – |
| PONYPony AI Inc. | SPONSORED ADS | 4,140,447 | $60.0M | 1.2% | 00.0% | Unchanged | History |
| NTESNetEase, Inc. | SPONSORED ADS | 147,655 | $20.3M | 0.4% | 00.0% | Unchanged | History |
| RLXRLX Technology Inc. | SPONSORED ADS | 7,901,172 | $18.4M | 0.4% | 00.0% | Unchanged | History |
| LANVLanvin Group Holdings Ltd | SHS | 4,500,000 | $9.04M | 0.2% | 00.0% | Unchanged | History |
| PREPrenetics Global Ltd | SHS NEW | 346,150 | $5.45M | 0.1% | 00.0% | Unchanged | History |
| RBOTVicarious Surgical Inc. | COM CL A NEW | 86,666 | $188.0K | <0.1% | 00.0% | Unchanged | History |
| PRENWPrenetics Global Ltd | *W EXP 05/18/202 | 1,166,666 | $35.0K | <0.1% | 00.0% | Unchanged | History |
| LANWFLanvin Group Holdings Ltd | *W EXP 99/99/999 | 1,000,000 | $16.0K | <0.1% | 00.0% | Unchanged | History |
Options (1)
Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.
| Security | Class | Puts | Calls |
|---|---|---|---|
| Grab Holdings LimitedG4124C909 | CALL | – | $18.7M |
Sold out since Q3 2025 (5)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| DASHDoorDash, Inc. | Stock | 724,740 | $197.1M | 4.2% | History |
| CRSCarpenter Technology Corp | COM | 554,758 | $136.2M | 2.9% | History |
| Sea Ltd81141RAF7 | NOTE 2.375%12/0 | 30,000,000 | $59.1M | 1.3% | – |
| LRCXLam Research Corp | Stock | 399,641 | $53.5M | 1.1% | History |
| BIDUBaidu, Inc. | ADR | 368,351 | $48.5M | 1.0% | History |