Managers / Q4 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 $330M in U.S.-listed holdings across 23 positions for Q4 2025.
The portfolio is heavily concentrated: CRCL alone accounts for 23.9% of reported value.
Compared with Q3 2025, the fund opened 12 new positions and exited 10.
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 · 56.1% · $185M
- ETP · 17.0% · $56M
- Other · 15.5% · $51M
- ADR · 11.5% · $38M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BULLWEBULL CORP | NEW | +5.00M | 5.00M | +$39M | $39M |
| XPEVXPENG INC | NEW | +1.59M | 1.59M | +$32M | $32M |
| SUNRISE NEW ENERGY CO LTD | NEW | +7.00M | 7.00M | +$7M | $7M |
| SNDKSANDISK CORP | NEW | +25.0K | 25.0K | +$6M | $6M |
| PDDPINDUODUO INC | NEW | +50.0K | 50.0K | +$6M | $6M |
| XMESPDR SER TR | NEW | +30.0K | 30.0K | +$3M | $3M |
| BCIABRDN ETFS | NEW | +150.0K | 150.0K | +$3M | $3M |
| XLESELECT SECTOR SPDR TR | NEW | +60.0K | 60.0K | +$3M | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CRCLCIRCLE INTERNET GROUP INChistory → | COM CL A | 23.90% | $79M | 994.2K |
| 2 | GOOGALPHABET INChistory → | CAP STK CL C | 14.25% | $47M | 149.8K |
| 3 | JUNEE LIMITED | USD ORD SHS NEW | 13.07% | $43M | 2.75M |
| 4 | BULLWEBULL CORPhistory → | ORD SHS | 11.78% | $39M | 5.00M |
| 5 | ETHAISHARES ETHEREUM TRhistory → | SHS | 9.98% | $33M | 1.47M |
| 6 | XPEVXPENG INChistory → | ADS | 9.76% | $32M | 1.59M |
| 7 | SILGLOBAL X FDShistory → | GLOBAL X SILVER | 3.04% | $10M | 120.0K |
| 8 | RBRKRUBRIK INC.history → | CL A | 2.32% | $8M | 100.0K |
| 9 | SUNRISE NEW ENERGY CO LTD | ORD CL A SHS | 2.08% | $7M | 7.00M |
| 10 | SNDKSANDISK CORPhistory → | COM | 1.80% | $6M | 25.0K |
| 11 | PDDPINDUODUO INChistory → | SPONSORED ADS | 1.72% | $6M | 50.0K |
| 12 | GDXVANECK VECTORS ETF TRhistory → | GOLD MINERS ETF | 1.30% | $4M | 50.0K |
| 13 | ISPRISPIRE TECHNOLOGY INChistory → | COM | 1.28% | $4M | 1.50M |
| 14 | XMESPDR SER TR | S&P METALS MNG | 0.94% | $3M | 30.0K |
| 15 | BCIABRDN ETFS | BBRG ALL COMD K1 | 0.89% | $3M | 150.0K |
| 16 | XLESELECT SECTOR SPDR TR | STATE STREET ENE | 0.81% | $3M | 60.0K |
| 17 | ACMRACM RESH INC | COM CL A | 0.72% | $2M | 60.0K |
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 ↗.