SEC 13F Intelligence

Managers / Q4 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
$470M
Q4 2020
Positions
29
Filings on Record
22
2019–present window
Filed
Feb 16, 2021
original filing

Summary

Pinpoint Asset Management Ltd reported $470M in U.S.-listed holdings across 29 positions for Q4 2020.

The portfolio is heavily concentrated: DQ alone accounts for 26.1% of reported value.

Compared with Q3 2020, the fund opened 9 new positions and exited 19.

Portfolio Metrics

Turnover
+33.6%
vs prior filed quarter
Top-10 Concentration
+88.6%
share of reported value
Largest Position
+26.1%
Daqo New Energy
New / Exited
9 / 19
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: 89.8%Common Stock: 6.6%GLOBAL: 2.4%US DOMESTIC: 0.8%Other: 0.3%
  • ADR · 89.8% · $423M
  • Common Stock · 6.6% · $31M
  • GLOBAL · 2.4% · $11M
  • US DOMESTIC · 0.8% · $4M
  • Other · 0.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BEKEKE HLDGS INCNEW+154.4K154.4K+$10M$10M
IQIYI INCNEW+4.00M4.00M+$4M$4M
BAOZUN INCNEW+4.00M4.00M+$4M$4M
DELLDELL TECHNOLOGIES INCNEW+30.2K30.2K+$2M$2M
YY INCNEW+2.00M2.00M+$2M$2M
NVDANVIDIA CORPORATIONNEW+2.1K2.1K+$1M$1M
LULULULULEMON ATHLETICA INCNEW+1.4K1.4K+$487,000$487,000
YUMCYUM CHINA HLDGS INCNEW+4.1K4.1K+$234,000$234,000

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

Holdings — Q4 2020

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DQDAQO NEW ENERGY CORPhistory →SPNSRD ADS NEW26.10%$123M2.14M
2NOAHNOAH HLDGS LTDhistory →SPON ADS CL A14.26%$67M1.40M
3BILIBILIBILI INChistory →SPONS ADS REP Z12.47%$59M553.7K
4ZTOZTO EXPRESS CAYMAN INChistory →SPONSORED ADS A9.19%$43M1.48M
5BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS8.20%$39M154.5K
6TALTAL EDUCATION GROUP SPONSORED ADShistory →CALL8.11%$38M533.1K
7JDJD.COM INChistory →SPON ADR CL A3.41%$16M182.3K
8GSXGBPGSX TECHEDU INChistory →SPONSORED ADS2.71%$13M246.6K
9QCOMQUALCOMM INChistory →COM2.11%$10M65.2K
10BEKEKE HLDGS INChistory →SPONSORED ADS2.02%$10M154.4K
11TSLATESLA INChistory →COM1.56%$7M10.4K
12MELCO RESORTS AND ENTMNT LTDADR1.49%$7M379.0K
13MOMO INCNOTE 1.250% 7/01.07%$5M6.00M
14MAMASTERCARD INCORPORATEDhistory →CL A1.01%$5M13.3K
15VVISA INCCOM CL A0.96%$5M20.7K
16IQIYI INCNOTE 3.750%12/00.86%$4M4.00M
17HTHTHUAZHU GROUP LTDSPONSORED ADS0.85%$4M60.3K
18BAOZUN INCNOTE 1.625% 5/00.83%$4M4.00M
19TENCENT MUSIC ENTMT GROUPSPON ADS0.49%$2M119.3K
20PDDPINDUODUO INCSPONSORED ADS0.48%$2M12.7K
21DELLDELL TECHNOLOGIES INCCL C0.47%$2M30.2K
22YY INCNOTE 0.750% 6/10.43%$2M2.00M
23DOUYU INTL HLDGS LTDSPONSORED ADS0.32%$2M137.1K
24NVDANVIDIA CORPORATIONCOM0.23%$1M2.1K
25AAPLAPPLE INCCOM0.11%$531,0004.0K
26LULULULULEMON ATHLETICA INCCOM0.10%$487,0001.4K
27LILI AUTO INCSPONSORED ADS0.07%$308,00010.7K
28YUMCYUM CHINA HLDGS INCCOM0.05%$234,0004.1K
29RUNSUNRUN INCCOM0.02%$98,0001.4K

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 ↗.