Latest Aspex Management (HK) Ltd Stock Portfolio
Aspex Management (HK) Ltd Performance:
2025 Q3: 4.49%YTD: 19.62%2024: 32.12%
Performance for 2025 Q3 is 4.49%, and YTD is 19.62%, and 2024 is 32.12%.
About Aspex Management (HK) Ltd and 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, Aspex Management (HK) Ltd reported an equity portfolio of $4.7 Billions as of 30 Sep, 2025.
The top stock holdings of Aspex Management (HK) Ltd are SE, SNPS, FUTU. The fund has invested 16.2% of it's portfolio in SEA LTD and 15.8% of portfolio in SYNOPSYS INC.
The fund managers got completely rid off TAIWAN SEMICONDUCTOR MFG LTD (TSM), MARVELL TECHNOLOGY INC (MRVL) and INTEL CORP (INTC) stocks. They significantly reduced their stock positions in RLX TECHNOLOGY INC (RLX), FUTU HLDGS LTD (FUTU) and SEA LTD (SE). Aspex Management (HK) Ltd opened new stock positions in PDD HOLDINGS INC (PDD), NIO INC (NIO) and AMER SPORTS INC. The fund showed a lot of confidence in some stocks as they added substantially to PONY AI INC, SYNOPSYS INC (SNPS) and FULL TRUCK ALLIANCE CO LTD (YMM).
The top stock holdings of Aspex Management (HK) Ltd are SE, SNPS, FUTU. The fund has invested 16.2% of it's portfolio in SEA LTD and 15.8% of portfolio in SYNOPSYS INC.
The fund managers got completely rid off TAIWAN SEMICONDUCTOR MFG LTD (TSM), MARVELL TECHNOLOGY INC (MRVL) and INTEL CORP (INTC) stocks. They significantly reduced their stock positions in RLX TECHNOLOGY INC (RLX), FUTU HLDGS LTD (FUTU) and SEA LTD (SE). Aspex Management (HK) Ltd opened new stock positions in PDD HOLDINGS INC (PDD), NIO INC (NIO) and AMER SPORTS INC. The fund showed a lot of confidence in some stocks as they added substantially to PONY AI INC, SYNOPSYS INC (SNPS) and FULL TRUCK ALLIANCE CO LTD (YMM).
Aspex Management (HK) Ltd Annual Return Estimates Vs S&P 500
Our best estimate is that Aspex Management (HK) Ltd made a return of 4.49% in the last quarter. In trailing 12 months, it's portfolio return was 18.32%.
- Performance
- S&P 500
New Buys
| Ticker | $ Bought |
|---|---|
| pdd holdings inc | 419,287,000 |
| nio inc | 266,700,000 |
| amer sports inc | 206,244,000 |
| grab holdings limited | 170,875,000 |
| carpenter technology corp | 136,215,000 |
| lam research corp | 53,512,000 |
| baidu inc | 48,538,000 |
New stocks bought by Aspex Management (HK) Ltd
Additions
| Ticker | % Inc. |
|---|---|
| pony ai inc | 728 |
| synopsys inc | 134 |
| full truck alliance co ltd | 5.83 |
Additions to existing portfolio by Aspex Management (HK) Ltd
Reductions
| Ticker | % Reduced |
|---|---|
| rlx technology inc | -34.83 |
| futu hldgs ltd | -27.74 |
| sea ltd | -17.17 |
| atour lifestyle hldgs ltd | -16.67 |
| new oriental ed & technology | -15.78 |
| qifu technology inc | -1.45 |
Aspex Management (HK) Ltd reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| tal education group | -220,614,000 |
| intel corp | -277,736,000 |
| gds hldgs ltd | -134,720,000 |
| marvell technology inc | -324,736,000 |
| taiwan semiconductor mfg ltd | -395,606,000 |
| trip com group ltd | -87,470,000 |
| deckers outdoor corp | -123,572,000 |
Aspex Management (HK) Ltd got rid off the above stocks
Sector Distribution
Aspex Management (HK) Ltd has about 75.1% of it's holdings in Others sector.
- Others
- Technology
- Communication Services
- Industrials
| Sector | % |
|---|---|
| Others | 75.1 |
| Technology | 17.6 |
| Communication Services | 4.3 |
| Industrials | 3 |
Market Cap. Distribution
Aspex Management (HK) Ltd has about 21.9% of it's portfolio invested in the large-cap and mega-cap stocks.
- UNALLOCATED
- LARGE-CAP
- MID-CAP
| Category | % |
|---|---|
| UNALLOCATED | 75.1 |
| LARGE-CAP | 21.9 |
| MID-CAP | 3 |
Stocks belong to which Index?
About 20.6% of the stocks held by Aspex Management (HK) Ltd either belong to S&P 500 or RUSSELL 2000 index.
- Others
- S&P 500
- RUSSELL 2000
| Index | % |
|---|---|
| Others | 79.4 |
| S&P 500 | 17.6 |
| RUSSELL 2000 | 3 |
Aspex Management (HK) Ltd Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Aspex Management (HK) Ltd
Aspex Management (HK) Ltd has 23 stocks in it's portfolio. About 81.3% of the portfolio is in top 10 stocks. QFIN proved to be the most loss making stock for the portfolio. FUTU was the most profitable stock for Aspex Management (HK) Ltd last quarter.
Last Reported on: 14 Nov, 2025| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| ATAT | atour lifestyle hldgs ltd | 3.52 | 4,428,780 | 166,478,000 | reduced | -16.67 | ||
| CRS | carpenter technology corp | 2.88 | 554,758 | 136,215,000 | new | |||
| DASH | doordash inc | 4.17 | 724,740 | 197,122,000 | unchanged | 0.00 | ||
| DECK | deckers outdoor corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| FUTU | futu hldgs ltd | 9.03 | 2,451,870 | 426,405,000 | reduced | -27.74 | ||
| GDS | gds hldgs ltd | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| HTHT | h world group ltd | 1.17 | 50,000,000 | 55,327,000 | unchanged | 0.00 | ||
| INTC | intel corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| LANV | lanvin group holdings limite | 0.20 | 4,500,000 | 9,360,000 | unchanged | 0.00 | ||
| LANV | lanvin group holdings limite | 0.00 | 1,000,000 | 19,000 | unchanged | 0.00 | ||
| LRCX | lam research corp | 1.13 | 399,641 | 53,512,000 | new | |||
| MRVL | marvell technology inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| NIO | nio inc | 5.65 | 35,000,000 | 266,700,000 | new | |||
| NTES | netease inc | 0.48 | 147,655 | 22,442,000 | unchanged | 0.00 | ||
| PDD | pdd holdings inc | 8.88 | 3,172,330 | 419,287,000 | new | |||
| PRE | prenetics global ltd | 0.10 | 346,150 | 4,604,000 | unchanged | 0.00 | ||
| PRE | prenetics global ltd | 0.00 | 1,166,670 | 31,000 | unchanged | 0.00 | ||
| QFIN | qifu technology inc | 3.97 | 6,516,730 | 187,552,000 | reduced | -1.45 | ||
| RBOT | vicarious surgical inc | 0.01 | 86,666 | 478,000 | unchanged | 0.00 | ||
| RLX | rlx technology inc | 0.44 | 7,901,170 | 20,780,000 | reduced | -34.83 | ||