SEC 13F Intelligence

Managers / Q1 2024 · 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
$453M
Q1 2024
Positions
10
Filings on Record
30
2019–present window
Filed
May 15, 2024
original filing

Summary

Brilliance Asset Management Ltd reported $453M in U.S.-listed holdings across 10 positions for Q1 2024.

The portfolio is heavily concentrated: Kanzhun Limited alone accounts for 38.8% of reported value.

Compared with Q4 2023, the fund opened 4 new positions and exited 0.

Portfolio Metrics

Turnover
+14.6%
vs prior filed quarter
Top-10 Concentration
+100.0%
share of reported value
Largest Position
+38.8%
Kanzhun Limited

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: 95.5%Other: 4.2%Common Stock: 0.4%
  • ADR · 95.5% · $433M
  • Other · 4.2% · $19M
  • Common Stock · 0.4% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
YMMFULL TRUCK ALLIANCE CO LTDNEW+3.14M3.14M+$23M$23M
AMER SPORTS INCNEW+1.16M1.16M+$19M$19M
NVDANVIDIA CORPORATIONNEW+1.2K1.2K+$1M$1M
TSMTAIWAN SEMICONDUCTOR MFG LTDNEW+4.4K4.4K+$599,436$599,436
HTHTH WORLD GROUP LTDTRIMMED−1.12M61.3K−$37M$2M
AMDADVANCED MICRO DEVICES INCADDED+9173.0K+$234,580$542,372
KANZHUN LIMITEDHELD−70.5K10.03M+$8M$176M
CLVTRIP COM GROUP LTDHELD−1.8K1.90M+$15M$84M

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

Holdings — Q1 2024

10 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1KANZHUN LIMITEDSPONSORED ADS38.81%$176M10.03M
2LILI AUTO INChistory →SPONSORED ADS30.98%$140M4.64M
3CLVTRIP COM GROUP LTDhistory →ADS18.43%$84M1.90M
4YMMFULL TRUCK ALLIANCE CO LTDhistory →SPONSORED ADS5.04%$23M3.14M
5AMER SPORTS INCCOM SHS4.18%$19M1.16M
6ZLABZAI LAB LTDhistory →ADR1.54%$7M435.9K
7HTHTH WORLD GROUP LTDSPONSORED ADS0.52%$2M61.3K
8NVDANVIDIA CORPORATIONCOM0.24%$1M1.2K
9TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.13%$599,4364.4K
10AMDADVANCED MICRO DEVICES INCCOM0.12%$542,3723.0K

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 ↗.