Latest Aspex Management (HK) Ltd Stock Portfolio
Aspex Management (HK) Ltd Performance:
2025 Q4: -9.47%YTD: 8.29%2024: 32.12%
Performance for 2025 Q4 is -9.47%, and YTD is 8.29%, and 2024 is 32.12%.
About Aspex Management (HK) Ltd and 13F Hedge Fund Stock Holdings
On 2026-02-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, Aspex Management (HK) Ltd reported an equity portfolio of $4.9 Billions as of 31 Dec, 2025.
The top stock holdings of Aspex Management (HK) Ltd are SNPS, FUTU, NVDA. The fund has invested 20.2% of it's portfolio in SYNOPSYS INC and 11.2% of portfolio in FUTU HLDGS LTD.
The fund managers got completely rid off DOORDASH INC (DASH), CARPENTER TECHNOLOGY CORP (CRS) and LAM RESEARCH CORP (LRCX) stocks. They significantly reduced their stock positions in NIO INC (NIO), SEA LTD (SE) and ATOUR LIFESTYLE HLDGS LTD (ATAT). Aspex Management (HK) Ltd opened new stock positions in NVIDIA CORPORATION (NVDA), LUMENTUM HLDGS INC (LITE) and TERADYNE INC (TER). The fund showed a lot of confidence in some stocks as they added substantially to GRAB HOLDINGS LIMITED (GRAB), SYNOPSYS INC (SNPS) and FUTU HLDGS LTD (FUTU).
The top stock holdings of Aspex Management (HK) Ltd are SNPS, FUTU, NVDA. The fund has invested 20.2% of it's portfolio in SYNOPSYS INC and 11.2% of portfolio in FUTU HLDGS LTD.
The fund managers got completely rid off DOORDASH INC (DASH), CARPENTER TECHNOLOGY CORP (CRS) and LAM RESEARCH CORP (LRCX) stocks. They significantly reduced their stock positions in NIO INC (NIO), SEA LTD (SE) and ATOUR LIFESTYLE HLDGS LTD (ATAT). Aspex Management (HK) Ltd opened new stock positions in NVIDIA CORPORATION (NVDA), LUMENTUM HLDGS INC (LITE) and TERADYNE INC (TER). The fund showed a lot of confidence in some stocks as they added substantially to GRAB HOLDINGS LIMITED (GRAB), SYNOPSYS INC (SNPS) and FUTU HLDGS LTD (FUTU).
Aspex Management (HK) Ltd Annual Return Estimates Vs S&P 500
Our best estimate is that Aspex Management (HK) Ltd made a return of -9.47% in the last quarter. In trailing 12 months, it's portfolio return was 8.29%.
- Performance
- S&P 500
New Buys
| Ticker | $ Bought |
|---|---|
| nvidia corporation | 535,977,000 |
| lumentum hldgs inc | 251,363,000 |
| teradyne inc | 199,723,000 |
New stocks bought by Aspex Management (HK) Ltd
Additions
| Ticker | % Inc. |
|---|---|
| grab holdings limited | 96.81 |
| synopsys inc | 40.1 |
| futu hldgs ltd | 37.51 |
| amer sports inc | 27.94 |
Additions to existing portfolio by Aspex Management (HK) Ltd
Reductions
| Ticker | % Reduced |
|---|---|
| nio inc | -62.45 |
| sea ltd | -21.4 |
| atour lifestyle hldgs ltd | -19.67 |
| new oriental ed & technology | -14.53 |
| pdd holdings inc | -1.98 |
| qifu technology inc | -1.45 |
Aspex Management (HK) Ltd reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| sea ltd | -59,051,000 |
| doordash inc | -197,122,000 |
| carpenter technology corp | -136,215,000 |
| lam research corp | -53,512,000 |
| baidu inc | -48,538,000 |
Aspex Management (HK) Ltd got rid off the above stocks
Sector Distribution
Aspex Management (HK) Ltd has about 59.1% of it's holdings in Others sector.
- Others
- Technology
| Sector | % |
|---|---|
| Others | 59.1 |
| Technology | 40.9 |
Market Cap. Distribution
Aspex Management (HK) Ltd has about 40.8% of it's portfolio invested in the large-cap and mega-cap stocks.
- UNALLOCATED
- LARGE-CAP
- MEGA-CAP
| Category | % |
|---|---|
| UNALLOCATED | 59.1 |
| LARGE-CAP | 29.8 |
| MEGA-CAP | 11 |
Stocks belong to which Index?
About 35.7% of the stocks held by Aspex Management (HK) Ltd either belong to S&P 500 or RUSSELL 2000 index.
- Others
- S&P 500
| Index | % |
|---|---|
| Others | 64.3 |
| S&P 500 | 35.7 |
| Top 5 Winners (%) | % | |
|---|---|---|
| PRE | 18.4 % | |
| PRE | 12.9 % | |
| 6.6 % | ||
| ATAT | 4.3 % | |
| EDU | 3.4 % | |
| Top 5 Winners ($) | $ | |
|---|---|---|
| 17.6 M | ||
| EDU | 10.7 M | |
| ATAT | 7.2 M | |
| PRE | 0.8 M | |
| PRE | 0.0 M | |
| Top 5 Losers (%) | % | |
|---|---|---|
| RBOT | -60.7 % | |
| -35.5 % | ||
| QFIN | -32.8 % | |
| SE | -25.6 % | |
| NIO | -22.7 % | |
| Top 5 Losers ($) | $ | |
|---|---|---|
| SE | -196.1 M | |
| QFIN | -61.5 M | |
| NIO | -60.7 M | |
| PDD | -59.0 M | |
| YMM | -53.2 M | |
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 22 stocks in it's portfolio. About 85.3% of the portfolio is in top 10 stocks. SE proved to be the most loss making stock for the portfolio. was the most profitable stock for Aspex Management (HK) Ltd last quarter.
Last Reported on: 13 Feb, 2026| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| ATAT | atour lifestyle hldgs ltd | 2.84 | 3,557,800 | 140,177,000 | reduced | -19.67 | ||
| BIDU | baidu inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CRS | carpenter technology corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| DASH | doordash inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| EDU | new oriental ed & technology | 5.59 | 5,024,980 | 276,525,000 | reduced | -14.53 | ||
| FUTU | futu hldgs ltd | 11.20 | 3,371,600 | 553,650,000 | added | 37.51 | ||
| GRAB | grab holdings limited | 5.64 | 55,864,900 | 278,766,000 | added | 96.81 | ||
| HTHT | h world group ltd | 1.29 | 50,000,000 | 63,898,000 | unchanged | 0.00 | ||
| LANV | lanvin group holdings limite | 0.18 | 4,500,000 | 9,045,000 | unchanged | 0.00 | ||
| LANV | lanvin group holdings limite | 0.00 | 1,000,000 | 16,000 | unchanged | 0.00 | ||
| LITE | lumentum hldgs inc | 5.08 | 681,959 | 251,363,000 | new | |||
| LRCX | lam research corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| NIO | nio inc | 1.36 | 13,141,600 | 67,022,000 | reduced | -62.45 | ||
| NTES | netease inc | 0.41 | 147,655 | 20,320,000 | unchanged | 0.00 | ||
| NVDA | nvidia corporation | 10.84 | 2,873,870 | 535,977,000 | new | |||
| PDD | pdd holdings inc | 7.13 | 3,109,520 | 352,589,000 | reduced | -1.98 | ||
| PRE | prenetics global ltd | 0.11 | 346,150 | 5,452,000 | unchanged | 0.00 | ||
| PRE | prenetics global ltd | 0.00 | 1,166,670 | 35,000 | unchanged | 0.00 | ||
| QFIN | qifu technology inc | 2.50 | 6,422,510 | 123,762,000 | reduced | -1.45 | ||
| RBOT | vicarious surgical inc | 0.00 | 86,666 | 188,000 | unchanged | 0.00 | ||