Managers / Q4 2023 · view latest →
Yong Rong (HK) Asset Management Ltd
CIK 0001738071 · UNIT 1702, 17/F, INFINITUS PLAZA, 199 DES VOEUX ROAD CENTRAL, SHEUNG WAN, K3, 000000 · 85236203247
Summary
Yong Rong (Hk) Asset Management Ltd reported $266M in U.S.-listed holdings across 16 positions for Q4 2023.
The portfolio is heavily concentrated: PDD alone accounts for 32.5% of reported value.
Compared with Q3 2023, the fund opened 9 new positions and exited 7.
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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 · 48.1% · $128M
- Common Stock · 41.7% · $111M
- ETP · 10.1% · $27M
- Other · 0.1% · $396,000
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| INTCINTEL CORP | NEW | +668.7K | 668.7K | +$34M | $34M |
| METAFACEBOOK INC | NEW | +77.5K | 77.5K | +$27M | $27M |
| LKNCYLUCKIN COFFEE INC | NEW | +492.9K | 492.9K | +$13M | $13M |
| GOTUGAOTU TECHEDU INC | NEW | +3.17M | 3.17M | +$11M | $11M |
| GDXJVANECK ETF TRUST | NEW | +300.0K | 300.0K | +$11M | $11M |
| SLVISHARES SILVER TR | NEW | +500.0K | 500.0K | +$11M | $11M |
| FUTUFUTU HLDGS LTD | NEW | +163.5K | 163.5K | +$9M | $9M |
| GDXVANECK VECTORS ETF TR | NEW | +150.0K | 150.0K | +$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 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | PDDPINDUODUO INChistory → | SPONSORED ADS | 32.50% | $87M | 591.7K |
| 2 | INTCINTEL CORPhistory → | COM | 12.62% | $34M | 668.7K |
| 3 | TSLATESLA INChistory → | COM | 11.91% | $32M | 127.7K |
| 4 | METAFACEBOOK INChistory → | CL A | 10.29% | $27M | 77.5K |
| 5 | LKNCYLUCKIN COFFEE INChistory → | SPONSORED ADS | 5.05% | $13M | 492.9K |
| 6 | GOTUGAOTU TECHEDU INChistory → | SPONSORED ADS | 4.31% | $11M | 3.17M |
| 7 | GDXJVANECK ETF TRUSThistory → | JUNIOR GOLD MINE | 4.27% | $11M | 300.0K |
| 8 | SLVISHARES SILVER TRhistory → | ISHARES | 4.09% | $11M | 500.0K |
| 9 | ISPRISPIRE TECHNOLOGY INChistory → | COM | 4.01% | $11M | 881.1K |
| 10 | FUTUFUTU HLDGS LTDhistory → | SPONSORED ADS | 3.35% | $9M | 163.5K |
| 11 | ACMRACM RESH INChistory → | COM CL A | 2.57% | $7M | 350.0K |
| 12 | GDXVANECK VECTORS ETF TRhistory → | GOLD MINERS ETF | 1.75% | $5M | 150.0K |
| 13 | RLXRLX TECHNOLOGY INChistory → | SPONSORED ADS | 1.50% | $4M | 2.00M |
| 14 | TALTAL ED GROUPhistory → | SPONSORED ADS | 1.37% | $4M | 288.0K |
| 15 | ACBAURORA CANNABIS INC | COM | 0.27% | $715,000 | 1.50M |
| 16 | GENETRON HLDGS LTD | ADS | 0.15% | $396,000 | 107.4K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $227M | 10 | May 5, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $330M | 23 | Jan 30, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $488M | 21 | Nov 4, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $415M | 18 | Aug 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $430M | 26 | Apr 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $231M | 24 | Feb 4, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $346M | 23 | Oct 29, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $291M | 17 | Jul 26, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $376M | 20 | May 2, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $266M | 16 | Feb 6, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $109M | 14 | Oct 19, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $228M | 21 | Jul 25, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $178M | 16 | Apr 25, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | Under review | 15 | Jan 31, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $31M | 8 | Oct 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $128M | 18 | Jul 26, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $71M | 7 | May 4, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $127M | 16 | Feb 8, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $153M | 14 | Oct 28, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $402M | 18 | Aug 3, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $365M | 15 | May 6, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $371M | 16 | Feb 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $147M | 10 | Nov 3, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $114M | 14 | Aug 4, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $61M | 14 | Apr 28, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $75M | 14 | Feb 19, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $82M | 13 | Nov 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $69M | 19 | Aug 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $325M | 25 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $148M | 18 | Feb 14, 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 ↗.