Managers / Q1 2022 · view latest →
IvyRock Asset Management (HK) Ltd
CIK 0001809525 · SUITE 3007, COSCO TOWER, 183 QUEENS ROAD CENTRAL, SHEUNG WAN, K3, 0000 · 85226200482
Summary
Ivyrock Asset Management (Hk) Ltd reported $138M in U.S.-listed holdings across 14 positions for Q1 2022.
The portfolio is heavily concentrated: SE alone accounts for 36.7% of reported value.
Compared with Q4 2021, the fund opened 5 new positions and exited 1.
Portfolio Metrics
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
Portfolio Composition
- ADR · 85.3% · $118M
- Common Stock · 8.6% · $12M
- Other · 6.1% · $8M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TSMTAIWAN SEMICONDUCTOR MFG LTD | NEW | +229.5K | 229.5K | +$24M | $24M |
| NBPI MAB | NEW | +613.4K | 613.4K | +$10M | $10M |
| HTHTHUAZHU GROUP LTD | NEW | +53.1K | 53.1K | +$2M | $2M |
| CRMSALESFORCE COM INC | NEW | +2.5K | 2.5K | +$531,000 | $531,000 |
| OLAPLEX HLDGS INC | NEW | +33.0K | 33.0K | +$516,000 | $516,000 |
| SESEA LTD | ADDED | +399.9K | 423.7K | +$45M | $51M |
| ZTOZTO EXPRESS CAYMAN INC | SOLD OUT | −448.0K | 0 | −$13M | $0 |
| COINCOINBASE GLOBAL INC | TRIMMED | −1.8K | 17.5K | −$2M | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SESEA LTDhistory → | SPONSORD ADS | 36.69% | $51M | 423.7K |
| 2 | JDJD.COM INChistory → | SPON ADR CL A | 18.96% | $26M | 453.2K |
| 3 | TSMTAIWAN SEMICONDUCTOR MFG LTDhistory → | SPONSORED ADS | 17.30% | $24M | 229.5K |
| 4 | NBPI MABhistory → | SPONSORED ADS | 7.20% | $10M | 613.4K |
| 5 | UPWKUPWORK INChistory → | COM | 5.84% | $8M | 347.7K |
| 6 | NEW ORIENTAL ED & TECHNOLOGY | SPON ADR | 4.64% | $6M | 5.58M |
| 7 | PDDPINDUODUO INChistory → | SPONSORED ADS | 2.75% | $4M | 95.0K |
| 8 | COINCOINBASE GLOBAL INChistory → | COM CL A | 2.40% | $3M | 17.5K |
| 9 | HTHTHUAZHU GROUP LTDhistory → | SPONSORED ADS | 1.27% | $2M | 53.1K |
| 10 | HYWIN HLDG LTD | ADS | 1.07% | $1M | 200.0K |
| 11 | TIGRUP FINTECH HLDG LTDhistory → | SPONSORED ADS | 1.03% | $1M | 292.0K |
| 12 | CRMSALESFORCE COM INC | COM | 0.38% | $531,000 | 2.5K |
| 13 | OLAPLEX HLDGS INC | COM | 0.37% | $516,000 | 33.0K |
| 14 | REREATRENEW INC | SPONSORED ADS | 0.08% | $106,000 | 30.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $178M | 25 | May 7, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $190M | 23 | Feb 11, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $233M | 20 | Nov 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $217M | 13 | Aug 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $213M | 17 | May 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $226M | 23 | Feb 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $228M | 22 | Nov 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $235M | 21 | Aug 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $215M | 20 | May 7, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $201M | 18 | Feb 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $192M | 16 | Nov 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $172M | 17 | Aug 8, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $195M | 18 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $179M | 16 | Feb 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $129M | 12 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $158M | 14 | Aug 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $138M | 14 | May 6, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $87M | 10 | Feb 4, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $106M | 10 | Nov 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $194M | 12 | Jul 30, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $154M | 12 | Apr 28, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $162M | 11 | Feb 5, 2021 | 13F-HR | changes · 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 ↗.