SEC 13F Intelligence

Managers / Q2 2019 · view latest →

BRILLIANCE ASSET MANAGEMENT LTD

CIK 0001665751 · LEVEL 35, UNIT 3560, TWO PACIFIC PLACE, 88 QUEENSWAY, ADMIRALTY, HONG KONG, K3, 00000 · 85238502633

Reported Value
$323M
Q2 2019
Positions
6
Filings on Record
30
2019–present window
Filed
Jul 15, 2019
original filing

Summary

Brilliance Asset Management Ltd reported $323M in U.S.-listed holdings across 6 positions for Q2 2019.

The portfolio is heavily concentrated: BABA alone accounts for 41.3% of reported value.

Compared with Q1 2019, the fund opened 2 new positions and exited 0.

Portfolio Metrics

Turnover
0.0%
vs prior filed quarter
Largest Position
+41.3%
Alibaba Group Holding

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $190MQ4 ’18Q1 ’19: $75MQ2 ’19: $323MQ3 ’19: $408MQ4 ’19: $426MQ4 ’19Q1 ’20: $387MQ2 ’20: $1.1BQ3 ’20: $1.6BQ4 ’20: $2.5BQ4 ’20Q1 ’21: $2.2BQ2 ’21: $1.9BQ3 ’21: $859MQ4 ’21: $480MQ4 ’21Q1 ’22: $254MQ2 ’22: $482MQ3 ’22: $348MQ4 ’22: $366MQ4 ’22Q1 ’23: $334MQ2 ’23: $387MQ3 ’23: $396MQ4 ’23: $462MQ4 ’23Q1 ’24: $453MQ2 ’24: $398MQ3 ’24: $391MQ4 ’24: $444MQ4 ’24Q1 ’25: $303MQ2 ’25: $154MQ3 ’25: $187MQ4 ’25: $255MQ4 ’25Q1 ’26: $339Mfilingsflow.com

Portfolio Composition

By security type
ADR: 99.3%Common Stock: 0.7%
  • ADR · 99.3% · $321M
  • Common Stock · 0.7% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TALTAL EDUCATION GROUPNEW+1.12M1.12M+$43M$43M
SYSO YOUNG INTERNATIONAL INCNEW+751.9K751.9K+$10M$10M
BABAALIBABA GROUP HOLDINGADDED+782.5K787.8K+$133M$133M
BILIBILIBILI INCADDED+2.87M3.04M+$46M$49M
ZTOZTO EXPRESS CAYMAN INCADDED+654.9K4.44M+$16M$85M
MARMARRIOTT INTL INC NEWHELD+015.1K+$229,000$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2019

6 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BABAALIBABA GROUP HOLDINGhistory →SPONSORED ADS41.31%$133M787.8K
2ZTOZTO EXPRESS CAYMAN INChistory →SPONSORED ADS A26.28%$85M4.44M
3BILIBILIBILI INChistory →SPONS ADS REP Z15.31%$49M3.04M
4TALTAL EDUCATION GROUPhistory →SPONSORED ADS13.21%$43M1.12M
5SYSO YOUNG INTERNATIONAL INChistory →SPONSORED ADS3.23%$10M751.9K
6MARMARRIOTT INTL INC NEWCL A0.66%$2M15.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$339M16May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$255M6Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$187M7Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$154M7Aug 11, 202513F-HRchanges · EDGAR ↗
Q1 2025$303M9May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$444M7Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$391M9Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$398M15Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$453M10May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$462M6Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$396M8Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$387M6Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$334M5May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$366M6Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$348M6Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$482M6Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$254M4Apr 29, 202213F-HRchanges · EDGAR ↗
Q4 2021$480M5Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$859M6Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.9B7Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.2B9May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.5B12Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.6B13Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.1B7Aug 17, 202013F-HRchanges · EDGAR ↗
Q1 2020$387M3May 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$426M4Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$408M6Oct 18, 201913F-HRchanges · EDGAR ↗
Q2 2019$323M6Jul 15, 201913F-HRchanges · EDGAR ↗
Q1 2019$75M4May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$190M4Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.