AI Portfolio Summary
In 2025 Q4, Aspex Management (HK) Ltd maintained a portfolio of 29 distinct positions. The most significant new addition to the portfolio was NVIDIA CORPORATION, which now represents 10.84% of the total fund value. They heavily accumulated shares in SYNOPSYS INC, increasing their position by 40.1%. Conversely, Aspex Management (HK) Ltd completely exited their position in DOORDASH INC.
Total Positions
29
Quarter
2025 Q4
Top Holding
SNPS (20.2%)
Top 10 Concentration
85.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 29
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
SNPS
SYNOPSYS INC
|
Technology | 20.20% | 15.85% |
#1
1
Prev: #2
|
10.0 | 608,507 | 40.1% |
P
S
|
2,126,089 | $998,667,000 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FUTU
FUTU HLDGS LTD
|
Financial Services | 11.20% | 9.03% |
#2
1
Prev: #3
|
6.6 | 919,724 | 37.5% |
P
S
|
3,371,597 | $553,650,000 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 10.84% | — |
#3
Prev: #—
|
6.3 | 2,873,869 | no change |
NEW
|
2,873,869 | $535,977,000 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SE
SEA LTD
|
Consumer Cyclical | 8.70% | 16.24% |
#4
3
Prev: #1
|
3.5 | -918,353 | -21.4% |
P
S
|
3,373,016 | $430,296,000 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PDD
PDD HOLDINGS IN...
|
Consumer Cyclical | 7.13% | 8.88% |
#5
1
Prev: #4
|
2.9 | -62,808 | -2.0% |
P
S
|
3,109,525 | $352,589,000 | 2020 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AS
AMER SPORTS INC
|
Consumer Cyclical | 5.74% | 4.37% |
#6
2
Prev: #8
|
4.4 | 1,658,536 | 27.9% |
P
S
|
7,593,627 | $283,622,000 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GRAB
GRAB HOLDINGS L...
|
Technology | 5.64% | 3.62% |
#7
4
Prev: #11
|
4.5 | 27,480,364 | 96.8% |
P
S
|
55,864,875 | $278,766,000 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EDU
NEW ORIENTAL ED...
|
Consumer Defensive | 5.59% | 6.61% |
#8
3
Prev: #5
|
2.3 | -854,378 | -14.5% |
P
S
|
5,024,985 | $276,525,000 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
YMM
FULL TRUCK ALLI...
|
Technology | 5.16% | 6.52% |
#9
3
Prev: #6
|
2.1 | no change | no change |
P
S
|
23,763,953 | $254,987,000 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LITE
LUMENTUM HLDGS ...
|
Technology | 5.09% | — |
#10
Prev: #—
|
4.0 | 681,959 | no change |
NEW
|
681,959 | $251,363,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TER
TERADYNE INC
|
Technology | 4.04% | — |
#11
Prev: #—
|
3.6 | 1,031,838 | no change |
NEW
|
1,031,838 | $199,723,000 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ATAT
ATOUR LIFESTYLE...
|
Consumer Cyclical | 2.84% | 3.52% |
#12
Prev: #12
|
1.2 | -870,988 | -19.7% |
P
S
|
3,557,795 | $140,177,000 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
QFIN
QIFU TECHNOLOGY...
|
Financial Services | 2.50% | 3.97% |
#13
3
Prev: #10
|
1.0 | -94,224 | -1.4% |
P
S
|
6,422,510 | $123,762,000 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NIO
NIO INC
|
Consumer Cyclical | 1.36% | 5.65% |
#14
7
Prev: #7
|
0.7 | -21,858,391 | -62.5% |
P
S
|
13,141,609 | $67,022,000 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
H WORLD GROUP L...
|
—
|
Bond/Debt | 1.29% | 1.17% |
#15
1
Prev: #16
|
0.5 | no change | no change |
P
S
|
50,000,000 | $63,898,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
PONY
PONY AI INC
|
Technology | 1.21% | 1.97% |
#16
2
Prev: #14
|
0.5 | no change | no change |
P
S
|
4,140,447 | $60,036,000 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NTES
NETEASE INC
|
Communication Services | 0.41% | 0.48% |
#17
3
Prev: #20
|
0.2 | no change | no change |
P
S
|
147,655 | $20,320,000 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
CALL
GRAB HOLDINGS L...
|
—
|
CALL Option | 0.38% | 0.93% |
#18
1
Prev: #19
|
0.2 | no change | no change |
P
S
|
29,482,900 | $18,696,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
RLX
RLX TECHNOLOGY ...
|
Consumer Defensive | 0.37% | 0.44% |
#19
2
Prev: #21
|
0.1 | no change | no change |
P
S
|
7,901,172 | $18,410,000 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LANV
LANVIN GROUP HO...
|
Consumer Cyclical | 0.18% | 0.20% |
#20
2
Prev: #22
|
0.1 | no change | no change |
P
S
|
4,500,000 | $9,045,000 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PRE
PRENETICS GLOBA...
|
Healthcare | 0.11% | 0.10% |
#21
2
Prev: #23
|
0.0 | no change | no change |
P
S
|
346,150 | $5,452,000 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RBOT
VICARIOUS SURGI...
|
Healthcare | 0.00% | 0.01% |
#22
2
Prev: #24
|
0.0 | no change | no change |
P
S
|
86,666 | $188,000 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PRENW
PRENETICS GLOBA...
|
Unknown | 0.00% | 0.00% |
#23
2
Prev: #25
|
0.0 | no change | no change |
P
S
|
1,166,666 | $35,000 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LANV/WS
LANVIN GROUP HO...
|
Unknown | 0.00% | 0.00% |
#24
2
Prev: #26
|
0.0 | no change | no change |
P
S
|
1,000,000 | $16,000 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DASH
DOORDASH INC
|
Consumer Cyclical | 0.00% | 4.17% |
Sold All 😨
(Was: #9) |
0.3 | -724,740 | -100.0% |
CLOSED
|
— | $— | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRS
CARPENTER TECHN...
|
Industrials | 0.00% | 2.88% |
Sold All 😨
(Was: #13) |
0.3 | -554,758 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
SEA LTD
|
—
|
Bond/Debt | 0.00% | 1.25% |
Sold All 😨
(Was: #15) |
0.3 | -30,000,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
LRCX
LAM RESEARCH CO...
|
Technology | 0.00% | 1.13% |
Sold All 😨
(Was: #17) |
0.3 | -399,641 | -100.0% |
CLOSED
|
— | $— | 2020 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BIDU
BAIDU INC
|
Communication Services | 0.00% | 1.03% |
Sold All 😨
(Was: #18) |
0.3 | -368,351 | -100.0% |
CLOSED
|
— | $— | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-25 of 29 holdings