Institutional Manager · CIK 0001843111
APEIRON CAPITAL Ltd
HONG KONG, K3 · File #028-20495
Latest AUM
$86.5M
Positions
5
Top-10 Concentration
100.0%
Filings
10
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 |
|---|---|---|---|---|---|
| EXITED | GRANITESH 2X LNG NVDA ETF | 38747R827 | -940,000 | -$88.0M | $0 |
| EXITED | SHARPLINK GAMING INC | 820014405 | -1,354,400 | -$23.0M | $0 |
| EXITED | ISHARES ETHEREUM TRUST ETF | 46438R105 | -285,400 | -$9.0M | $0 |
| ADD | QFIN HOLDINGS INC-ADR | QFNHF | +234,000 | +$4.5M | -$7.5M |
| NEW | KRANESH CSI CHINA INTERNET | 500767306 | +125,000 | +$4.3M | $0 |
| EXITED | DIREXION DAILY SEMI BULL 3X | 25459W458 | -120,000 | -$4.2M | $0 |
| EXITED | FUTU HOLDINGS LTD-ADR | 36118L106 | -15,000 | -$2.6M | $0 |
| NEW | VERTIV HOLDINGS CO-A | VRT | +15,600 | +$2.5M | $0 |
| REDUCE | SUMMIT THERAPEUTICS INC | SMMT | -1,700 | -$29,733 | -$4.2M |
| REDUCE | ON HOLDING AG-CLASS A | H5919C104 | 0 | $0 | +$3.3M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 20255 pos · $86.5M
- 13F HOLDINGS REPORTQ/E Sep 20258 pos · $210.4M
- 13F HOLDINGS REPORTQ/E Jun 20255 pos · $105.9M
- 13F HOLDINGS REPORTQ/E Mar 202511 pos · $217.6M
- 13F HOLDINGS REPORTQ/E Dec 202413 pos · $3.2M
- 13F HOLDINGS REPORTQ/E Sep 202410 pos · $280.3M
- 13F HOLDINGS REPORTQ/E Jun 202411 pos · $286.6M
- 13F HOLDINGS REPORT (Amended)Q/E Mar 202412 pos · $197.9M
- 13F HOLDINGS REPORTQ/E Mar 202413 pos · $251.7M
- 13F HOLDINGS REPORTQ/E Dec 202311 pos · $149.4M
Top 5 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ON HOLDING AG-CLASS A | H5919C104 | 795,852 | $37.0M | 42.78% |
| 2 | SUMMIT THERAPEUTICS INC | SMMT | 1,309,241 | $22.9M | 26.48% |
| 3 | QFIN HOLDINGS INC-ADR | QFNHF | 1,027,455 | $19.8M | 22.90% |
| 4 | KRANESH CSI CHINA INTERNET | 500767306 | 125,000 | $4.3M | 4.92% |
| 5 | VERTIV HOLDINGS CO-A | VRT | 15,600 | $2.5M | 2.92% |