SEC 13F Intelligence

Managers / Q3 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
$420M
Q3 2020
Positions
39
Filings on Record
22
2019–present window
Filed
Nov 12, 2020
original filing

Summary

Pinpoint Asset Management Ltd reported $420M in U.S.-listed holdings across 39 positions for Q3 2020.

The portfolio is heavily concentrated: BABA alone accounts for 20.5% of reported value.

Compared with Q2 2020, the fund opened 14 new positions and exited 15.

Portfolio Metrics

Turnover
+24.5%
vs prior filed quarter
Top-10 Concentration
+74.1%
share of reported value
Largest Position
+20.5%
Alibaba Group Hldg
New / Exited
14 / 15
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: 78.8%Common Stock: 18.7%Other: 1.8%GLOBAL: 0.7%
  • ADR · 78.8% · $330M
  • Common Stock · 18.7% · $78M
  • Other · 1.8% · $7M
  • GLOBAL · 0.7% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NOAHNOAH HLDGS LTDNEW+1.23M1.23M+$32M$32M
HTHTHUAZHU GROUP LTDNEW+131.6K131.6K+$12M$12M
VNET21VIANET GROUP INCNEW+306.4K306.4K+$7M$7M
MARMARRIOTT INTL INC NEWNEW+66.6K66.6K+$6M$6M
MOMO INCNEW+4.00M4.00M+$3M$3M
PDDPINDUODUO INCNEW+7.9K7.9K+$3M$3M
CHINDATA GROUP HLDGS LTDNEW+170.0K170.0K+$3M$3M
LILI AUTO INCNEW+55.4K55.4K+$2M$2M

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

Holdings — Q3 2020

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS20.46%$86M291.9K
2ZTOZTO EXPRESS CAYMAN INChistory →SPONSORED ADS A11.19%$47M1.57M
3TALTAL EDUCATION GROUPhistory →SPONSORED ADS7.66%$32M422.5K
4NOAHNOAH HLDGS LTDhistory →SPON ADS CL A7.62%$32M1.23M
5BILIBILIBILI INChistory →SPONS ADS REP Z7.28%$31M628.2K
6DQDAQO NEW ENERGY CORPhistory →SPNSRD ADR NEW5.66%$24M175.6K
7JDJD.COM INChistory →SPON ADR CL A4.65%$20M251.6K
8GSXGBPGSX TECHEDU INChistory →SPONSORED ADS3.79%$16M176.6K
9QCOMQUALCOMM INChistory →COM2.99%$13M106.5K
10HTHTHUAZHU GROUP LTDhistory →SPONSORED ADS2.79%$12M131.6K
11MELCO RESORTS AND ENTMNT LTDADR2.32%$10M583.5K
12TENCENT MUSIC ENTMT GROUPSPON ADS2.16%$9M377.8K
13AAPLAPPLE INChistory →COM1.91%$8M69.2K
14VNET21VIANET GROUP INChistory →SPONSORED ADS A1.69%$7M306.4K
15MAMASTERCARD INCORPORATEDhistory →CL A1.63%$7M20.2K
16MARMARRIOTT INTL INC NEWhistory →CL A1.47%$6M66.6K
17DISDISNEY WALT COhistory →COM DISNEY1.42%$6M48.0K
18DKNG1USDDRAFTKINGS INChistory →COM CL A1.16%$5M82.7K
19KLACKLA CORPhistory →COM NEW1.13%$5M24.4K
20ACMRACM RESEARCH INChistory →COM CL A1.05%$4M63.6K
21MSFTMICROSOFT CORPhistory →COM1.01%$4M20.2K
22VVISA INChistory →COM CL A1.01%$4M21.1K
23AMZNAMAZON COM INCCOM0.98%$4M1.3K
24MOMO INCNOTE 1.250% 7/00.75%$3M4.00M
25PDDPINDUODUO INCSPONSORED ADS0.69%$3M7.9K
26DOUYU INTERNATIONAL HLDNGS LSPONSORED ADS0.69%$3M217.7K
27CHINDATA GROUP HLDGS LTDADS0.66%$3M170.0K
28AMDADVANCED MICRO DEVICES INCCOM0.62%$3M31.7K
29LILI AUTO INCSPONSORED ADS0.55%$2M55.4K
30NFLXNETFLIX INCCOM0.53%$2M4.5K
31ZZILLOW GROUP INCCL C CAP STK0.52%$2M21.4K
32AMATAPPLIED MATLS INCCOM0.52%$2M36.4K
33MARVELL TECHNOLOGY GROUP LTDORD0.43%$2M45.0K
34ATVIEURACTIVISION BLIZZARD INCCOM0.42%$2M21.8K
35TSLATESLA INCCOM0.20%$858,0002.0K
36NIONIO INCSPON ADS0.17%$705,00033.2K
37CELHCELSIUS HLDGS INCCOM NEW0.16%$663,00029.2K
38JOYYJOYY INCADS REPSTG COM A0.09%$363,0004.5K
39ATHMAUTOHOME INCSP ADR RP CL A0.00%$4,00046

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 ↗.