SEC 13F Intelligence

Managers / Q3 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
$3.8B
Q3 2024
Positions
30
Filings on Record
26
2019–present window
Filed
Nov 14, 2024
original filing

Summary

Aspex Management (Hk) Ltd reported $3.8B in U.S.-listed holdings across 30 positions for Q3 2024.

Its largest position, SE, represents 13.3% of the portfolio.

Compared with Q2 2024, the fund opened 5 new positions and exited 12.

Portfolio Metrics

Turnover
+28.8%
vs prior filed quarter
Top-10 Concentration
+76.7%
share of reported value
Largest Position
+13.3%
Sea
New / Exited
5 / 12
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: 64.9%Common Stock: 31.7%US DOMESTIC: 2.5%Other: 1.0%
  • ADR · 64.9% · $2.5B
  • Common Stock · 31.7% · $1.2B
  • US DOMESTIC · 2.5% · $94M
  • Other · 1.0% · $36M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NVDANVIDIA CORPORATIONNEW+2.54M2.54M+$308M$308M
TCOMTRIP COM GROUP LTDNEW+2.17M2.17M+$129M$129M
BABAALIBABA GROUP HLDG LTDNEW+1.09M1.09M+$116M$116M
ENPHENPHASE ENERGY INCNEW+428.6K428.6K+$48M$48M
RBOTVICARIOUS SURGICAL INCNEW+86.7K86.7K+$492,000$492,000
DELLDELL TECHNOLOGIES INCSOLD OUT−1.75M0−$241M$0
PDDPDD HOLDINGS INCSOLD OUT−1.53M0−$204M$0
LVSLAS VEGAS SANDS CORPSOLD OUT−4.49M0−$199M$0

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

Holdings — Q3 2024

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SESEA LTDSPONSORD ADS · NOTE 2.375%12/013.32%$503M34.96M
2FUTUFUTU HLDGS LTDhistory →SPON ADS CL A11.53%$435M4.55M
3EDUNEW ORIENTAL ED & TECHNOLOGYhistory →SPON ADR9.54%$360M4.75M
4TERTERADYNE INChistory →COM8.47%$320M2.39M
5NVDANVIDIA CORPORATIONhistory →COM8.16%$308M2.54M
6LILI AUTO INChistory →SPONSORED ADS7.23%$273M10.64M
7DASHDOORDASH INChistory →CL A5.43%$205M1.44M
8MRVLMARVELL TECHNOLOGY INChistory →COM5.14%$194M2.69M
9QFINQIFU TECHNOLOGY INChistory →AMERICAN DEP4.52%$171M5.72M
10TCOMTRIP COM GROUP LTDhistory →ADS3.41%$129M2.17M
11TALTAL EDUCATION GROUPhistory →SPONSORED ADS3.31%$125M10.56M
12ATATATOUR LIFESTYLE HLDGS LTDhistory →SPONSORED ADS3.10%$117M4.51M
13MUMICRON TECHNOLOGY INChistory →COM3.08%$117M1.12M
14BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS3.07%$116M1.09M
15TMETENCENT MUSIC ENTMT GROUPhistory →SPON ADS2.42%$91M7.58M
16GDSGDS HLDGS LTDhistory →SPONSORED ADS2.16%$82M4.00M
17H WORLD GROUP LTDNOTE 3.000% 5/01.54%$58M50.00M
18ENPHENPHASE ENERGY INChistory →COM1.28%$48M428.6K
19HDBHDFC BANK LTDhistory →SPONSORED ADS1.20%$45M726.9K
20IQIYI INCNOTE 6.500% 3/10.71%$27M28.00M
21RLXRLX TECHNOLOGY INChistory →SPONSORED ADS0.58%$22M12.12M
22VNETVNET GROUP INChistory →SPONSORED ADS A0.32%$12M2.96M
23LANVIN GROUP HOLDINGS LIMITESHS · *W EXP 01/14/2020.20%$8M5.50M
24BZKANZHUN LIMITEDSPONSORED ADS0.13%$5M285.3K
25WBTNWEBTOON ENTMT INCCOM0.09%$3M300.0K
26PRENETICS GLOBAL LTDSHS NEW · *W EXP 05/18/2020.04%$1M1.51M
27RBOTVICARIOUS SURGICAL INCCOM CL A0.01%$492,00086.7K

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 ↗.