SEC 13F Intelligence

Managers / Q1 2024 · 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
$3.7B
Q1 2024
Positions
35
Filings on Record
26
2019–present window
Filed
May 15, 2024
original filing

Summary

Aspex Management (Hk) Ltd reported $3.7B in U.S.-listed holdings across 35 positions for Q1 2024.

Its largest position, SE, represents 11.5% of the portfolio.

Compared with Q4 2023, the fund opened 9 new positions and exited 9.

Portfolio Metrics

Turnover
+26.9%
vs prior filed quarter
Top-10 Concentration
+69.3%
share of reported value
Largest Position
+11.5%
Sea
New / Exited
9 / 9
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
Common Stock: 53.2%ADR: 43.5%US DOMESTIC: 2.4%Other: 0.9%
  • Common Stock · 53.2% · $2.0B
  • ADR · 43.5% · $1.6B
  • US DOMESTIC · 2.4% · $88M
  • Other · 0.9% · $35M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TERTERADYNE INCNEW+1.76M1.76M+$199M$199M
LVSLAS VEGAS SANDS CORPNEW+2.75M2.75M+$142M$142M
DELLDELL TECHNOLOGIES INCNEW+597.1K597.1K+$68M$68M
COHRCOHERENT CORPNEW+893.6K893.6K+$54M$54M
LILI AUTO INCNEW+1.30M1.30M+$39M$39M
IQIYI INCNEW+28.00M28.00M+$26M$26M
HDBHDFC BANK LTDNEW+400.7K400.7K+$22M$22M
PRENETICS GLOBAL LTDNEW+346.1K346.1K+$1M$1M

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

Holdings — Q1 2024

31 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SESEA LTDSPONSORD ADS · NOTE 2.375%12/011.49%$429M37.43M
2MRVLMARVELL TECHNOLOGY INChistory →COM10.31%$385M5.44M
3MUMICRON TECHNOLOGY INChistory →COM8.29%$310M2.63M
4DASHDOORDASH INChistory →CL A7.34%$274M1.99M
5FUTUFUTU HLDGS LTDhistory →SPON ADS CL A6.25%$233M4.31M
6LAM RESEARCH CORPCOM5.56%$208M213.9K
7TMETENCENT MUSIC ENTMT GROUPhistory →SPON ADS5.39%$202M18.01M
8TERTERADYNE INChistory →COM5.31%$199M1.76M
9QCOMQUALCOMM INChistory →COM5.12%$191M1.13M
10QFINQIFU TECHNOLOGY INChistory →AMERICAN DEP4.26%$159M8.63M
11NTESNETEASE INChistory →SPONSORED ADS4.16%$156M1.50M
12LVSLAS VEGAS SANDS CORPhistory →COM3.81%$142M2.75M
13ZTOZTO EXPRESS CAYMAN INChistory →SPONSORED ADS A3.76%$140M6.70M
14FCXFREEPORT-MCMORAN INChistory →CL B3.17%$119M2.52M
15PDDPDD HOLDINGS INChistory →SPONSORED ADS2.02%$76M650.4K
16DELLDELL TECHNOLOGIES INChistory →CL C1.82%$68M597.1K
17ATATATOUR LIFESTYLE HLDGS LTDhistory →SPONSORED ADS1.69%$63M3.52M
18GDSGDS HLDGS LTDhistory →SPONSORED ADS1.56%$58M8.77M
19H WORLD GROUP LTDNOTE 3.000% 5/01.54%$58M50.00M
20COHRCOHERENT CORPhistory →COM1.45%$54M893.6K
21BZKANZHUN LIMITEDhistory →SPONSORED ADS1.32%$49M2.82M
22LILI AUTO INChistory →SPONSORED ADS1.05%$39M1.30M
23IQIYI INCNOTE 6.500% 3/10.71%$26M28.00M
24RLXRLX TECHNOLOGY INChistory →SPONSORED ADS0.62%$23M12.12M
25HDBHDFC BANK LTDhistory →SPONSORED ADS0.60%$22M400.7K
26LANVIN GROUP HOLDINGS LIMITESHS · *W EXP 01/14/2020.17%$6M5.50M
27VNETVNET GROUP INCSPONSORED ADS A0.12%$5M2.96M
28PRENETICS GLOBAL LTDSHS NEW · *W EXP 05/18/2020.04%$1M1.51M
29EMSMART SH GLOBAL LTDADS0.02%$858,0001.31M
30VICARIOUS SURGICAL INCCOM CL A0.02%$784,0002.60M
31YSGYATSEN HLDG LTDSPONSORED ADS0.00%$02

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 ↗.