SEC 13F Intelligence

Managers / Q2 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
$398M
Q2 2024
Positions
15
Filings on Record
30
2019–present window
Filed
Aug 13, 2024
original filing

Summary

Brilliance Asset Management Ltd reported $398M in U.S.-listed holdings across 15 positions for Q2 2024.

The portfolio is heavily concentrated: Kanzhun Limited alone accounts for 32.1% of reported value.

Compared with Q1 2024, the fund opened 5 new positions and exited 0.

Portfolio Metrics

Turnover
+21.8%
vs prior filed quarter
Top-10 Concentration
+98.6%
share of reported value
Largest Position
+32.1%
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: 90.4%Other: 9.0%Common Stock: 0.6%
  • ADR · 90.4% · $360M
  • Other · 9.0% · $36M
  • Common Stock · 0.6% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NEW ORIENTAL ED & TECHNOLOGYNEW+387.7K387.7K+$30M$30M
PDDPDD HOLDINGS INCNEW+129.1K129.1K+$17M$17M
HSAIHESAI GROUPNEW+1.53M1.53M+$6M$6M
FUTUFUTU HLDGS LTDNEW+32.1K32.1K+$2M$2M
TALTAL EDUCATION GROUPNEW+45.4K45.4K+$484,151$484,151
NVDANVIDIA CORPORATIONADDED+11.0K12.2K+$405,176$2M
HTHTH WORLD GROUP LTDADDED+203.3K264.6K+$6M$9M
AMER SPORTS INCADDED+1.70M2.86M+$17M$36M

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

Holdings — Q2 2024

15 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1KANZHUN LIMITEDSPONSORED ADS32.09%$128M6.79M
2LILI AUTO INChistory →SPONSORED ADS19.17%$76M4.27M
3CLVTRIP COM GROUP LTDhistory →ADS12.03%$48M1.02M
4AMER SPORTS INCCOM SHS9.03%$36M2.86M
5YMMFULL TRUCK ALLIANCE CO LTDhistory →SPONSORED ADS8.65%$34M4.28M
6NEW ORIENTAL ED & TECHNOLOGYSPON ADR7.57%$30M387.7K
7PDDPDD HOLDINGS INChistory →SPONSORED ADS4.31%$17M129.1K
8HTHTH WORLD GROUP LTDhistory →SPONSORED ADS2.21%$9M264.6K
9ZLABZAI LAB LTDhistory →ADR1.90%$8M436.5K
10HSAIHESAI GROUPhistory →SPONSORED ADS1.61%$6M1.53M
11FUTUFUTU HLDGS LTDSPON ADS CL A0.53%$2M32.1K
12NVDANVIDIA CORPORATIONCOM0.38%$2M12.2K
13TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.22%$878,9575.1K
14AMDADVANCED MICRO DEVICES INCCOM0.18%$730,9184.5K
15TALTAL EDUCATION GROUPSPONSORED ADS0.12%$484,15145.4K

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 ↗.