Managers / Q1 2025 · 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 $430M in U.S.-listed holdings across 26 positions for Q1 2025.
Its largest position, FUTU, represents 17.9% of the portfolio.
Compared with Q4 2024, the fund opened 18 new positions and exited 16.
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
- Common Stock · 69.8% · $300M
- ADR · 22.1% · $95M
- ETP · 6.1% · $26M
- Other · 2.0% · $9M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FUTUFUTU HLDGS LTD | NEW | +754.0K | 754.0K | +$77M | $77M |
| HOODROBINHOOD MKTS INC | NEW | +1.06M | 1.06M | +$44M | $44M |
| ZETAZETA GLOBAL HOLDINGS CORP | NEW | +2.86M | 2.86M | +$39M | $39M |
| INODINNODATA INC | NEW | +795.2K | 795.2K | +$29M | $29M |
| NVDANVIDIA CORPORATION | NEW | +205.1K | 205.1K | +$22M | $22M |
| NUNU HLDGS LTD | NEW | +2.00M | 2.00M | +$20M | $20M |
| UUNITY SOFTWARE INC | NEW | +1.00M | 1.00M | +$20M | $20M |
| METAFACEBOOK INC | NEW | +30.0K | 30.0K | +$17M | $17M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FUTUFUTU HLDGS LTDhistory → | SPONSORED ADS | 17.95% | $77M | 754.0K |
| 2 | HIMSHIMS & HERS HEALTH INChistory → | COM CL A | 16.49% | $71M | 2.40M |
| 3 | HOODROBINHOOD MKTS INChistory → | COM CL A | 10.24% | $44M | 1.06M |
| 4 | ZETAZETA GLOBAL HOLDINGS CORPhistory → | CL A | 9.01% | $39M | 2.86M |
| 5 | INODINNODATA INChistory → | INNODATA INC | 6.64% | $29M | 795.2K |
| 6 | NVDANVIDIA CORPORATIONhistory → | COM | 5.17% | $22M | 205.1K |
| 7 | NUNU HLDGS LTDhistory → | ORD SHS CL A | 4.76% | $20M | 2.00M |
| 8 | UUNITY SOFTWARE INChistory → | COM | 4.56% | $20M | 1.00M |
| 9 | METAFACEBOOK INChistory → | CL A | 4.02% | $17M | 30.0K |
| 10 | LEUCENTRUS ENERGY CORPhistory → | CL A | 3.70% | $16M | 255.4K |
| 11 | APIAGORA INChistory → | ADS | 2.68% | $12M | 2.87M |
| 12 | GDXVANECK VECTORS ETF TRhistory → | GOLD MINERS ETF | 2.57% | $11M | 240.0K |
| 13 | SMHVANECK ETF TRUSThistory → | VANECK ETF TRUST | 1.57% | $7M | 32.0K |
| 14 | JUNEE LIMITED | USD ORD SHS NEW | 1.56% | $7M | 750.0K |
| 15 | RBRKRUBRIK INC.history → | CL A | 1.52% | $7M | 106.9K |
| 16 | ZSZSCALER INChistory → | COM | 1.51% | $7M | 32.8K |
| 17 | SLVISHARES SILVER TRhistory → | ISHARES | 1.37% | $6M | 190.2K |
| 18 | BABAALIBABA GROUP HLDG LTDhistory → | SPONSORED ADS | 1.23% | $5M | 40.0K |
| 19 | ISPRISPIRE TECHNOLOGY INC | COM | 0.96% | $4M | 1.50M |
| 20 | ACMRACM RESH INC | COM CL A | 0.81% | $4M | 150.0K |
| 21 | IGVISHARES TR | ISHARES TR | 0.62% | $3M | 30.0K |
| 22 | INTCINTEL CORP | COM | 0.40% | $2M | 75.0K |
| 23 | GDSGDS HLDGS LTD | SPONSORED ADS | 0.21% | $887,000 | 35.0K |
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 ↗.