SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Aspex Management (HK) Ltd

CIK 0001768375 · 16TH FLOOR, ST. GEORGE'S BUILDING, 2 ICE HOUSE STREET, CENTRAL, K3, NA · 852-34684160

Reported Value
$4.0B
Q2 2022
Positions
30
Filings on Record
26
2019–present window
Filed
Aug 15, 2022
original filing

Summary

Aspex Management (Hk) Ltd reported $4.0B in U.S.-listed holdings across 30 positions for Q2 2022.

Its largest position, JD, represents 10.7% of the portfolio.

Compared with Q1 2022, the fund opened 7 new positions and exited 4.

Portfolio Metrics

Turnover
+7.8%
vs prior filed quarter
Top-10 Concentration
+75.7%
share of reported value
Largest Position
+10.7%
Jd Com
New / Exited
7 / 4
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, 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

13F Reported Value
Q4 ’19: $550MQ4 ’19Q1 ’20: $722MQ2 ’20: $815MQ3 ’20: $1.6BQ4 ’20: $2.5BQ4 ’20Q1 ’21: $2.5BQ2 ’21: $3.1BQ3 ’21: $3.0BQ4 ’21: $3.3BQ4 ’21Q1 ’22: $2.5BQ2 ’22: $4.0BQ3 ’22: $3.4BQ1 ’23: $4.1BQ1 ’23Q2 ’23: $3.4BQ3 ’23: $3.2BQ4 ’23: $3.4BQ1 ’24: $3.7BQ1 ’24Q2 ’24: $4.7BQ3 ’24: $3.8BQ4 ’24: $3.7BQ1 ’25: $3.9BQ1 ’25Q2 ’25: $4.6BQ3 ’25: $4.7BQ4 ’25: $4.9BQ1 ’26: $6.9BQ1 ’26filingsflow.com

Portfolio Composition

By security type
ADR: 67.7%Common Stock: 26.5%US DOMESTIC: 2.6%GLOBAL: 2.0%Other: 1.2%
  • ADR · 67.7% · $2.7B
  • Common Stock · 26.5% · $1.1B
  • US DOMESTIC · 2.6% · $105M
  • GLOBAL · 2.0% · $78M
  • Other · 1.2% · $49M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NVDANVIDIA CORPORATIONNEW+884.8K884.8K+$134M$134M
LVSLAS VEGAS SANDS CORPNEW+3.65M3.65M+$123M$123M
NIONIO INCNEW+4.11M4.11M+$89M$89M
BZKANZHUN LIMITEDNEW+1.21M1.21M+$32M$32M
PRENETICS GLOBAL LTDNEW+5.19M5.19M+$21M$21M
VNET GROUP INCNEW+15.00M15.00M+$12M$12M
PRENETICS GLOBAL LTDNEW+1.17M1.17M+$344,000$344,000
LAM RESEARCH CORPADDED+510.0K580.0K+$210M$247M

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

Holdings — Q2 2022

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1JDJD.COM INChistory →SPON ADR CL A10.69%$426M6.64M
2DASHDOORDASH INChistory →CL A9.03%$360M5.62M
3SESEA LTDSPONSORD ADS · NOTE 2.375%12/08.48%$339M34.57M
4TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS7.68%$307M3.75M
5XPEVXPENG INChistory →ADS7.46%$298M9.38M
6LILI AUTO INChistory →SPONSORED ADS6.95%$278M7.25M
7GDSGDS HLDGS LTDhistory →SPONSORED ADS6.74%$269M8.05M
8BEKEKE HLDGS INChistory →SPONSORED ADS6.52%$260M14.50M
9LAM RESEARCH CORPCOM6.19%$247M580.0K
10FUTUFUTU HLDGS LTDhistory →SPON ADS CL A6.00%$239M4.59M
11QFIN360 DIGITECH INChistory →AMERICAN DEP4.75%$190M10.96M
12NVDANVIDIA CORPORATIONhistory →COM3.36%$134M884.8K
13LVSLAS VEGAS SANDS CORPhistory →COM3.07%$123M3.65M
14NIONIO INChistory →SPON ADS2.24%$89M4.11M
15MUMICRON TECHNOLOGY INChistory →COM2.00%$80M1.44M
16TSLATESLA INChistory →COM1.67%$67M99.2K
17IQIYI INCNOTE 2.000% 4/01.64%$65M80.70M
18HUAZHU GROUP LTDNOTE 3.000% 5/01.48%$59M50.00M
19BZKANZHUN LIMITEDhistory →SPONSORED ADS0.80%$32M1.21M
20PRENETICS GLOBAL LTDCLASS A ORD · *W EXP 05/18/2020.53%$21M6.36M
21YATSEN HLDG LTDADS0.51%$20M13.13M
22TSPHTUSIMPLE HLDGS INChistory →CL A0.44%$18M2.42M
23HELLO GROUP INCNOTE 1.250% 7/00.32%$13M14.00M
24VNET GROUP INCNOTE 2/00.31%$12M15.00M
25VICARIOUS SURGICAL INCCOM CL A0.19%$8M2.60M
26EMSMART SH GLOBAL LTDADS0.13%$5M4.50M
27DDLDINGDONG CAYMAN LTDADS0.11%$4M763.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$6.9B30May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$4.9B25Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$4.7B27Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$4.6B28Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$3.9B30May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$3.7B32Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$3.8B30Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$4.7B37Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$3.7B35May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$3.4B35Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$3.2B30Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$3.4B30Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$4.1B35May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review31Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.4B29Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$4.0B30Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.5B27May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.3B26Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$3.0B27Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$3.1B24Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.5B21May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.5B23Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.6B18Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$815M13Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$722M16May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$550M12Feb 5, 202013F-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 ↗.