SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Pinpoint Asset Management Ltd

CIK 0001803237 · 33/F, TWO INTERNATIONAL FINANCE CENTRE, 8 FINANCE STREET, CENTRAL, HONG KONG, K3, 0000000 · 85231922328

Reported Value
$331M
Q1 2020
Positions
38
Filings on Record
22
2019–present window
Filed
May 13, 2020
original filing

Summary

Pinpoint Asset Management Ltd reported $331M in U.S.-listed holdings across 38 positions for Q1 2020.

The portfolio is heavily concentrated: TAL alone accounts for 25.2% of reported value.

Compared with Q4 2019, the fund opened 24 new positions and exited 9.

Portfolio Metrics

Turnover
+31.8%
vs prior filed quarter
Top-10 Concentration
+79.4%
share of reported value
Largest Position
+25.2%
Tal Education
New / Exited
24 / 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. 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: $416MQ4 ’19Q1 ’20: $331MQ2 ’20: $346MQ3 ’20: $420MQ3 ’20Q4 ’20: $470MQ1 ’21: $394MQ2 ’21: $410MQ2 ’21Q3 ’21: $272MQ4 ’21: $110MQ1 ’22: $241MQ1 ’22Q2 ’22: $252MQ3 ’22: $302MQ4 ’22: $416MQ4 ’22Q1 ’23: $373MQ2 ’23: $179MQ3 ’23: $427MQ3 ’23Q4 ’23: $452MQ1 ’24: $623MQ2 ’24: $710MQ2 ’24Q3 ’24: $466MQ4 ’24: $564MQ1 ’25: $576MQ1 ’25filingsflow.com

Portfolio Composition

By security type
ADR: 72.0%Common Stock: 24.8%Other: 3.2%
  • ADR · 72.0% · $238M
  • Common Stock · 24.8% · $82M
  • Other · 3.2% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GSXGBPGSX TECHEDU INCNEW+505.9K505.9K+$21M$21M
SBUXSTARBUCKS CORPNEW+96.1K96.1K+$6M$6M
MSFTMICROSOFT CORPNEW+35.0K35.0K+$6M$6M
AMZNAMAZON COM INCNEW+2.8K2.8K+$5M$5M
NFLXNETFLIX INCNEW+12.1K12.1K+$5M$5M
MGMMGM RESORTS INTERNATIONALNEW+379.8K379.8K+$4M$4M
MAMASTERCARD INCNEW+16.4K16.4K+$4M$4M
VVISA INCNEW+23.6K23.6K+$4M$4M

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

Holdings — Q1 2020

38 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TALTAL EDUCATION GROUPhistory →SPONSORED ADS25.23%$83M1.57M
2BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS17.42%$58M296.4K
3ZTOZTO EXPRESS CAYMAN INChistory →SPONSORED ADS A15.68%$52M1.96M
4GSXGBPGSX TECHEDU INChistory →SPONSORED ADS6.48%$21M505.9K
5WDCWESTERN DIGITAL CORPhistory →COM3.43%$11M272.6K
6NEW ORIENTAL ED & TECH GRP ISPON ADR3.17%$10M96.7K
7MUMICRON TECHNOLOGY INChistory →COM2.19%$7M172.3K
8DQDAQO NEW ENERGY CORPhistory →SPNSRD ADR NEW2.01%$7M114.9K
9SBUXSTARBUCKS CORPhistory →COM1.91%$6M96.1K
10NVDANVIDIA CORPhistory →COM1.90%$6M23.9K
11AAPLAPPLE INChistory →COM1.73%$6M22.5K
12MSFTMICROSOFT CORPhistory →COM1.67%$6M35.0K
13AMZNAMAZON COM INChistory →COM1.65%$5M2.8K
14MELCO RESORTS AND ENTMNT LTDADR1.46%$5M388.3K
15NFLXNETFLIX INChistory →COM1.37%$5M12.1K
16MGMMGM RESORTS INTERNATIONALhistory →COM1.35%$4M379.8K
17MAMASTERCARD INChistory →CL A1.20%$4M16.4K
18DISDISNEY WALT COhistory →COM DISNEY1.19%$4M40.7K
19VVISA INChistory →COM CL A1.15%$4M23.6K
20WYNNWYNN RESORTS LTDhistory →COM1.12%$4M61.3K
21CLVTRIP COM GROUP LTDADS0.99%$3M130.1K
22TENCENT MUSIC ENTMT GROUPSPON ADS0.76%$3M250.4K
23AKAMAKAMAI TECHNOLOGIES INCCOM0.69%$2M25.1K
24ATVIEURACTIVISION BLIZZARD INCCOM0.69%$2M38.4K
25JDJD COM INCSPON ADR CL A0.61%$2M50.2K
26VIPSVIPSHOP HLDGS LTDSPONSORED ADS A0.53%$2M43.3K
27AMDADVANCED MICRO DEVICES INCCOM0.45%$1M32.8K
28VNET21VIANET GROUP INCSPONSORED ADS A0.34%$1M82.0K
29ACMRACM RESEARCH INCCOM CL A0.29%$971,00032.8K
30KOCOCA COLA COCOM0.25%$814,00018.4K
31NKENIKE INCCL B0.24%$803,0009.7K
32MOMOUSDMOMO INCADR0.23%$770,00035.5K
33BWABORGWARNER INCCOM0.19%$617,00025.3K
34VIOTVIOMI TECHNOLOGY CO LTDSPONSORED ADS0.12%$405,00093.1K
35ATHMAUTOHOME INCSP ADR RP CL A0.11%$369,0003.8K
36ELLAUDER ESTEE COS INCCL A0.07%$223,0001.4K
37GOOSCANADA GOOSE HOLDINGS INCSHS SUB VTG0.06%$215,00010.8K
38BILIBILIBILI INCSPONS ADS REP Z0.06%$208,0008.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2025$576M88May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$564M94Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$466M90Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$710M105Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$623M106May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$452M73Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$427M59Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$179M51Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$373M73May 16, 202313F-HRchanges · EDGAR ↗
Q4 2022$416M37Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$302M34Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$252M32Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$241M29May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$110M28Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$272M30Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$410M36Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$394M34May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$470M29Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$420M39Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$346M40Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$331M38May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$416M23Feb 13, 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 ↗.