Managers / Q2 2024 · view latest →
Ariose Capital Management Ltd
CIK 0001665925 · SUITE 1107, 11TH FLOOR, ICBC TOWER, 3 GARDEN ROAD, CENTRAL, HONG KONG, 00000 · 85223252999
Summary
Ariose Capital Management Ltd reported $131M in U.S.-listed holdings across 13 positions for Q2 2024.
Its largest position, NTES, represents 19.4% of the portfolio.
Compared with Q1 2024, the fund opened 6 new positions and exited 5.
Portfolio Metrics
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
Portfolio Composition
- ADR · 63.5% · $83M
- Common Stock · 31.3% · $41M
- ETP · 4.2% · $6M
- Other · 1.0% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| NEW ORIENTAL ED & TECHNOLOGY | NEW | +193.6K | 193.6K | +$15M | $15M |
| TSLATESLA INC | NEW | +30.0K | 30.0K | +$6M | $6M |
| IBITISHARES BITCOIN TR | NEW | +134.6K | 134.6K | +$5M | $5M |
| MARMARRIOTT INTL INC NEW | NEW | +12.8K | 12.8K | +$3M | $3M |
| QCOMQUALCOMM INC | NEW | +14.7K | 14.7K | +$3M | $3M |
| SLBSCHLUMBERGER LTD | NEW | +45.0K | 45.0K | +$2M | $2M |
| CLVTRIP COM GROUP LTD | ADDED | +471.3K | 540.6K | +$22M | $25M |
| NVDANVIDIA CORPORATION | SOLD OUT | −67.9K | 0 | −$61M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | NTESNETEASE INChistory → | SPONSORED ADS | 19.43% | $25M | 266.3K |
| 2 | CLVTRIP COM GROUP LTDhistory → | ADS | 19.40% | $25M | 540.6K |
| 3 | NFLXNETFLIX INChistory → | COM | 18.55% | $24M | 36.0K |
| 4 | DQDAQO NEW ENERGY CORPhistory → | SPNSRD ADS NEW | 13.17% | $17M | 1.18M |
| 5 | NEW ORIENTAL ED & TECHNOLOGY | SPON ADR | 11.49% | $15M | 193.6K |
| 6 | TSLATESLA INChistory → | COM | 4.53% | $6M | 30.0K |
| 7 | IBITISHARES BITCOIN TRhistory → | SHS | 3.51% | $5M | 134.6K |
| 8 | MARMARRIOTT INTL INC NEWhistory → | CL A | 2.36% | $3M | 12.8K |
| 9 | QCOMQUALCOMM INChistory → | COM | 2.24% | $3M | 14.7K |
| 10 | NOCNORTHROP GRUMMAN CORPhistory → | COM | 2.00% | $3M | 6.0K |
| 11 | SLBSCHLUMBERGER LTDhistory → | COM STK | 1.62% | $2M | 45.0K |
| 12 | HOLLYSYS AUTOMATION TCHNGY L | SHS | 0.99% | $1M | 59.7K |
| 13 | GLOBAL X FDS | GLOBAL X URANIUM | 0.71% | $935,375 | 32.3K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $149M | 15 | Apr 28, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $299M | 14 | Jan 29, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $298M | 35 | Oct 21, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $158M | 18 | Jul 17, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $91M | 12 | Apr 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $121M | 13 | Jan 16, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $117M | 9 | Oct 22, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $131M | 13 | Jul 25, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $190M | 12 | Apr 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $256M | 17 | Jan 16, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $177M | 9 | Oct 26, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $125M | 11 | Jul 20, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $263M | 14 | May 3, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $230M | 14 | Jan 20, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $100M | 4 | Oct 24, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $94M | 5 | Aug 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $26M | 5 | Apr 29, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $42M | 11 | Jan 31, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $27M | 4 | Oct 18, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $30M | 7 | Jul 20, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $14M | 4 | May 4, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $66M | 10 | Jan 20, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $121M | 11 | Oct 29, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $141M | 20 | Aug 7, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $209M | 44 | May 8, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $68M | 9 | Feb 10, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $78M | 6 | Nov 8, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $120M | 6 | Jul 29, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $15M | 2 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $48M | 4 | Feb 12, 2019 | 13F-HR | changes · 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 ↗.