Institutional Manager · CIK 0002035224

Panview Capital Ltd

HONG KONG, K3 · File #028-24730

Latest AUM

$278.5M

Positions

Top-10 Concentration

100.0%

Filings

Portfolio Value Over Time

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
REDUCE	VANECK ETF TRUST	92189F791	-110,000	-$12.5M	+$7.9M
ADD	EQT CORP	EQT	+232,600	+$12.5M	-$207,500
ADD	APPLOVIN CORP	APP	+18,297	+$12.3M	-$3.4M
NEW	MAKEMYTRIP LIMITED MAURITIUS	MMYT	+146,452	+$12.0M	$0
ADD	DOLE PLC	DOLE	+731,975	+$11.0M	+$1.1M
NEW	TAPESTRY INC	TPR	+80,000	+$10.2M	$0
EXITED	ALPHABET INC	02079K107	-37,774	-$9.2M	$0
EXITED	TENCENT MUSIC ENTMT GROUP	88034P109	-285,000	-$6.7M	$0
REDUCE	VANECK ETF TRUST	92189F106	-75,000	-$6.4M	+$6.1M
ADD	PDD HOLDINGS INC	PDD	+56,680	+$6.4M	-$2.3M

Sector Allocation

Communication Services

32.5%$90.4M

Consumer Discretionary

15.4%$42.8M

Energy

9.3%$25.9M

Consumer Staples

7.7%$21.5M

Filing History

Feb 13, 202613F HOLDINGS REPORTQ/E Dec 20259 pos · $278.5M
Nov 13, 202513F HOLDINGS REPORTQ/E Sep 20259 pos · $235.1M
Aug 7, 202513F HOLDINGS REPORTQ/E Jun 20259 pos · $4.7M
May 7, 202513F HOLDINGS REPORTQ/E Mar 20258 pos · $264.1M
Feb 4, 202513F HOLDINGS REPORTQ/E Dec 202410 pos · $468.8M

Top 9 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	APPLOVIN CORP	APP	93,978	$63.3M	22.74%
2	VANECK ETF TRUST	92189F106	573,300	$49.2M	17.66%
3	VANECK ETF TRUST	92189F791	428,200	$48.7M	17.50%
4	VEON LTD	VEON	514,927	$27.1M	9.72%
5	EQT CORP	EQT	482,600	$25.9M	9.29%
6	DOLE PLC	DOLE	1,431,975	$21.5M	7.71%
7	PDD HOLDINGS INC	PDD	181,680	$20.6M	7.40%
8	MAKEMYTRIP LIMITED MAURITIUS	MMYT	146,452	$12.0M	4.32%
9	TAPESTRY INC	TPR	80,000	$10.2M	3.67%