SEC 13F Intelligence

Aspex Management (Hk) Ltd / PDD

Aspex Management (Hk) Ltd’s Pdd Holdings Inc Position

Does Aspex Management (Hk) Ltd own Pdd Holdings Inc (PDD)? Not currently — the last reported position was 3.11M shares worth $353M in Q4 2025; the fund’s latest 13F (Q1 2026) no longer reports it.

Position Value
$353M
Q4 2025
Shares
3.11M
% of Portfolio
+7.13%
Quarters Held
11
position exited

Position History PDD

Reported value by quarter
Q1 ’20: $59MQ1 ’20Q4 ’20: $178MQ1 ’21: $131MQ1 ’21Q3 ’22: $63MQ1 ’23: $59MQ1 ’23Q3 ’23: $111MQ4 ’23: $217MQ4 ’23Q1 ’24: $76MQ2 ’24: $204MQ2 ’24Q3 ’25: $419MQ4 ’25: $353MQ4 ’25filingsflow.com
QuarterSharesValue% of Portfolio
Q4 20253.11M$353M+7.13%
Q3 20253.17M$419M+8.88%
Q2 20241.53M$204M+4.35%
Q1 2024650.4K$76M+2.02%
Q4 20231.48M$217M+6.36%
Q3 20231.13M$111M+3.42%
Q1 2023775.0K$59M+1.44%
Q3 20221.00M$63M+1.85%
Q1 2021976.9K$131M+5.18%
Q4 20201.00M$178M+7.01%
Q1 20201.65M$59M+8.24%

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 PDD.