SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Ariose Capital Management Ltd

CIK 0001665925 · SUITE 1107, 11TH FLOOR, ICBC TOWER, 3 GARDEN ROAD, CENTRAL, HONG KONG, 00000 · 85223252999

Reported Value
$230M
Q4 2022
Positions
14
Filings on Record
31
2019–present window
Filed
Jan 20, 2023
original filing

Summary

Ariose Capital Management Ltd reported $230M in U.S.-listed holdings across 14 positions for Q4 2022.

The portfolio is heavily concentrated: BABA alone accounts for 30.7% of reported value.

Compared with Q3 2022, the fund opened 11 new positions and exited 1.

Portfolio Metrics

Turnover
+8.2%
vs prior filed quarter
Top-10 Concentration
+92.7%
share of reported value
Largest Position
+30.7%
Alibaba Group Hldg
New / Exited
11 / 1
positions this quarter

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: $48MQ4 ’18Q1 ’19: $15MQ2 ’19: $120MQ3 ’19: $78MQ4 ’19: $68MQ4 ’19Q1 ’20: $209MQ2 ’20: $141MQ3 ’20: $121MQ4 ’20: $66MQ4 ’20Q1 ’21: $14MQ2 ’21: $30MQ3 ’21: $27MQ4 ’21: $42MQ4 ’21Q1 ’22: $26MQ2 ’22: $94MQ3 ’22: $100MQ4 ’22: $230MQ4 ’22Q1 ’23: $263MQ2 ’23: $125MQ3 ’23: $177MQ4 ’23: $256MQ4 ’23Q1 ’24: $190MQ2 ’24: $131MQ3 ’24: $117MQ4 ’24: $121MQ4 ’24Q1 ’25: $91MQ2 ’25: $158MQ3 ’25: $298MQ4 ’25: $299MQ4 ’25Q1 ’26: $149Mfilingsflow.com

Portfolio Composition

By security type
ADR: 74.7%Common Stock: 22.0%Other: 3.4%
  • ADR · 74.7% · $172M
  • Common Stock · 22.0% · $51M
  • Other · 3.4% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BEKEKE HLDGS INCNEW+2.34M2.34M+$33M$33M
AMATAPPLIED MATLS INCNEW+274.4K274.4K+$27M$27M
TALTAL EDUCATION GROUPNEW+1.92M1.92M+$14M$14M
LRCXEURLAM RESEARCH CORPNEW+25.0K25.0K+$11M$11M
NTESNETEASE INCNEW+130.0K130.0K+$9M$9M
LUFAX HOLDING LTDNEW+3.99M3.99M+$8M$8M
TSLATESLA INCNEW+58.4K58.4K+$7M$7M
RLXRLX TECHNOLOGY INCNEW+2.34M2.34M+$5M$5M

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

Holdings — Q4 2022

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS30.73%$71M803.7K
2BEKEKE HLDGS INChistory →SPONSORED ADS14.19%$33M2.34M
3NEW ORIENTAL ED & TECHNOLOGYSPON ADR11.60%$27M767.9K
4AMATAPPLIED MATLS INChistory →COM11.60%$27M274.4K
5TALTAL EDUCATION GROUPhistory →SPONSORED ADS5.88%$14M1.92M
6LRCXEURLAM RESEARCH CORPhistory →COM4.57%$11M25.0K
7NTESNETEASE INChistory →SPONSORED ADS4.10%$9M130.0K
8DQDAQO NEW ENERGY CORPhistory →SPNSRD ADS NEW3.56%$8M212.7K
9LUFAX HOLDING LTDADS REP SHS CL A3.36%$8M3.99M
10TSLATESLA INChistory →COM3.12%$7M58.4K
11RLXRLX TECHNOLOGY INChistory →SPONSORED ADS2.34%$5M2.34M
12WBWEIBO CORPhistory →SPONSORED ADR2.29%$5M275.7K
13NOCNORTHROP GRUMMAN CORPhistory →COM1.75%$4M7.4K
14ACMRACM RESH INCCOM CL A0.92%$2M273.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$149M15Apr 28, 202613F-HRchanges · EDGAR ↗
Q4 2025$299M14Jan 29, 202613F-HRchanges · EDGAR ↗
Q3 2025$298M35Oct 21, 202513F-HRchanges · EDGAR ↗
Q2 2025$158M18Jul 17, 202513F-HRchanges · EDGAR ↗
Q1 2025$91M12Apr 30, 202513F-HRchanges · EDGAR ↗
Q4 2024$121M13Jan 16, 202513F-HRchanges · EDGAR ↗
Q3 2024$117M9Oct 22, 202413F-HRchanges · EDGAR ↗
Q2 2024$131M13Jul 25, 202413F-HRchanges · EDGAR ↗
Q1 2024$190M12Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$256M17Jan 16, 202413F-HRchanges · EDGAR ↗
Q3 2023$177M9Oct 26, 202313F-HRchanges · EDGAR ↗
Q2 2023$125M11Jul 20, 202313F-HRchanges · EDGAR ↗
Q1 2023$263M14May 3, 202313F-HRchanges · EDGAR ↗
Q4 2022$230M14Jan 20, 202313F-HRchanges · EDGAR ↗
Q3 2022$100M4Oct 24, 202213F-HRchanges · EDGAR ↗
Q2 2022$94M5Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$26M5Apr 29, 202213F-HRchanges · EDGAR ↗
Q4 2021$42M11Jan 31, 202213F-HRchanges · EDGAR ↗
Q3 2021$27M4Oct 18, 202113F-HRchanges · EDGAR ↗
Q2 2021$30M7Jul 20, 202113F-HRchanges · EDGAR ↗
Q1 2021$14M4May 4, 202113F-HRchanges · EDGAR ↗
Q4 2020$66M10Jan 20, 202113F-HRchanges · EDGAR ↗
Q3 2020$121M11Oct 29, 202013F-HRchanges · EDGAR ↗
Q2 2020$141M20Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020$209M44May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$68M9Feb 10, 202013F-HRchanges · EDGAR ↗
Q3 2019$78M6Nov 8, 201913F-HRchanges · EDGAR ↗
Q2 2019$120M6Jul 29, 201913F-HRchanges · EDGAR ↗
Q1 2019$15M2May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$48M4Feb 12, 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 ↗.