Institutional Manager · CIK 0001768375
Aspex Management (HK) Ltd
CENTRAL, K3 · File #028-19749
Latest AUM
$4.9M
Positions
26
Top-10 Concentration
85.3%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | NVIDIA CORPORATION | NVDA | +2,873,869 | +$535,977 | $0 |
| ADD | SYNOPSYS INC | SNPS | +608,507 | +$285,828 | -$35,921 |
| NEW | LUMENTUM HLDGS INC | LITE | +681,959 | +$251,363 | $0 |
| NEW | TERADYNE INC | TER | +1,031,838 | +$199,723 | $0 |
| EXITED | DOORDASH INC | 25809K105 | -724,740 | -$197,122 | $0 |
| ADD | FUTU HLDGS LTD | FUTU | +919,724 | +$151,028 | -$23,783 |
| ADD | GRAB HOLDINGS LIMITED | GRABW | +27,480,364 | +$137,127 | -$29,236 |
| EXITED | CARPENTER TECHNOLOGY CORP | 144285103 | -554,758 | -$136,215 | $0 |
| REDUCE | SEA LTD | SE | -918,353 | -$117,154 | -$219,546 |
| REDUCE | NIO INC | NIOIF | -21,858,391 | -$111,477 | -$88,201 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202526 pos · $4.9M
- 13F HOLDINGS REPORTQ/E Sep 202528 pos · $4.7M
- 13F HOLDINGS REPORTQ/E Jun 202529 pos · $4.6M
- 13F HOLDINGS REPORTQ/E Mar 202531 pos · $3.9M
- 13F HOLDINGS REPORTQ/E Dec 202433 pos · $3.7M
- 13F HOLDINGS REPORTQ/E Sep 202431 pos · $3.8M
- 13F HOLDINGS REPORTQ/E Jun 202438 pos · $4.7M
- 13F HOLDINGS REPORTQ/E Mar 202436 pos · $3.7M
- 13F HOLDINGS REPORTQ/E Dec 202331 pos · $3.2M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | SYNOPSYS INC | SNPS | 2,126,089 | $998,667 | 20.20% |
| 2 | FUTU HLDGS LTD | FUTU | 3,371,597 | $553,650 | 11.20% |
| 3 | NVIDIA CORPORATION | NVDA | 2,873,869 | $535,977 | 10.84% |
| 4 | SEA LTD | SE | 3,373,016 | $430,296 | 8.70% |
| 5 | PDD HOLDINGS INC | PDD | 3,109,525 | $352,589 | 7.13% |
| 6 | AMER SPORTS INC | AS | 7,593,627 | $283,622 | 5.74% |
| 7 | GRAB HOLDINGS LIMITED | GRABW | 55,864,875 | $278,766 | 5.64% |
| 8 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 5,024,985 | $276,525 | 5.59% |
| 9 | FULL TRUCK ALLIANCE CO LTD | YMM | 23,763,953 | $254,987 | 5.16% |
| 10 | LUMENTUM HLDGS INC | LITE | 681,959 | $251,363 | 5.09% |
| 11 | TERADYNE INC | TER | 1,031,838 | $199,723 | 4.04% |
| 12 | ATOUR LIFESTYLE HLDGS LTD | ATAT | 3,557,795 | $140,177 | 2.84% |
| 13 | QIFU TECHNOLOGY INC | QFNHF | 6,422,510 | $123,762 | 2.50% |
| 14 | NIO INC | NIOIF | 13,141,609 | $67,022 | 1.36% |
| 15 | H WORLD GROUP LTD | HWLDF | 50,000,000 | $63,898 | 1.29% |
| 16 | PONY AI INC | PYAIF | 4,140,447 | $60,036 | 1.21% |
| 17 | NETEASE INC | NETTF | 147,655 | $20,320 | 0.41% |
| 18 | RLX TECHNOLOGY INC | RLX | 7,901,172 | $18,410 | 0.37% |
| 19 | GRAB HOLDINGS LIMITED | GRABW | 20,052,900 | $12,562 | 0.25% |
| 20 | LANVIN GROUP HOLDINGS LIMITE | LANV-WT | 4,500,000 | $9,045 | 0.18% |