SEC 13F Intelligence

Aspex Management (Hk) Ltd / GDS

Aspex Management (Hk) Ltd’s Gds Hldgs Ltd Position

Does Aspex Management (Hk) Ltd own Gds Hldgs Ltd (GDS)? Not currently — the last reported position was 4.41M shares worth $135M in Q2 2025; the fund’s latest 13F (Q1 2026) no longer reports it.

Position Value
$135M
Q2 2025
Shares
4.41M
% of Portfolio
+2.93%
Quarters Held
22
position exited

Position History GDS

Reported value by quarter
Q1 ’20: $65MQ1 ’20Q2 ’20: $213MQ3 ’20: $196MQ4 ’20: $303MQ4 ’20Q1 ’21: $268MQ2 ’21: $418MQ3 ’21: $400MQ3 ’21Q4 ’21: $357MQ1 ’22: $305MQ2 ’22: $269MQ2 ’22Q3 ’22: $143MQ4 ’22: $187MQ1 ’23: $164MQ1 ’23Q2 ’23: $96MQ3 ’23: $96MQ4 ’23: $80MQ4 ’23Q1 ’24: $58MQ2 ’24: $82MQ3 ’24: $82MQ3 ’24Q4 ’24: $117MQ1 ’25: $76MQ2 ’25: $135MQ2 ’25filingsflow.com
QuarterSharesValue% of Portfolio
Q2 20254.41M$135M+2.93%
Q1 20253.01M$76M+1.96%
Q4 20244.93M$117M+3.16%
Q3 20244.00M$82M+2.16%
Q2 20248.77M$82M+1.74%
Q1 20248.77M$58M+1.56%
Q4 20238.77M$80M+2.34%
Q3 20238.77M$96M+2.96%
Q2 20238.77M$96M+2.80%
Q1 20238.77M$164M+4.02%
Q4 20229.09M$187M+5.18%
Q3 20228.09M$143M+4.22%
Q2 20228.05M$269M+6.74%
Q1 20227.77M$305M+12.06%
Q4 20217.57M$357M+10.92%
Q3 20217.07M$400M+13.34%
Q2 20215.33M$418M+13.70%
Q1 20213.30M$268M+10.60%
Q4 20203.23M$303M+11.94%
Q3 20202.40M$196M+12.61%
Q2 20202.67M$213M+26.08%
Q1 20201.12M$65M+9.00%

Common-stock position only; options are excluded. Quarters where the fund filed no 13F or reported no position are absent. See Aspex Management (Hk) Ltd’s full portfolio or all institutional holders of GDS.