SEC 13F Intelligence

Managers / Q1 2023 · view latest →

IvyRock Asset Management (HK) Ltd

CIK 0001809525 · SUITE 3007, COSCO TOWER, 183 QUEENS ROAD CENTRAL, SHEUNG WAN, K3, 0000 · 85226200482

Reported Value
$195M
Q1 2023
Positions
18
Filings on Record
22
2019–present window
Filed
May 12, 2023
original filing

Summary

Ivyrock Asset Management (Hk) Ltd reported $195M in U.S.-listed holdings across 18 positions for Q1 2023.

The portfolio is heavily concentrated: PDD alone accounts for 26.7% of reported value.

Compared with Q4 2022, the fund opened 5 new positions and exited 3.

Portfolio Metrics

Turnover
+24.1%
vs prior filed quarter
Top-10 Concentration
+97.2%
share of reported value
Largest Position
+26.7%
Pdd
New / Exited
5 / 3
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 ’20: $162MQ4 ’20Q1 ’21: $154MQ2 ’21: $194MQ3 ’21: $106MQ3 ’21Q4 ’21: $87MQ1 ’22: $138MQ2 ’22: $158MQ2 ’22Q3 ’22: $129MQ4 ’22: $179MQ1 ’23: $195MQ1 ’23Q2 ’23: $172MQ3 ’23: $192MQ4 ’23: $201MQ4 ’23Q1 ’24: $215MQ2 ’24: $235MQ3 ’24: $228MQ3 ’24Q4 ’24: $226MQ1 ’25: $213MQ2 ’25: $217MQ2 ’25Q3 ’25: $233MQ4 ’25: $190MQ1 ’26: $178MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ADR: 58.6%Common Stock: 33.9%Other: 7.5%
  • ADR · 58.6% · $115M
  • Common Stock · 33.9% · $66M
  • Other · 7.5% · $15M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FUTU HLDGS LTDNEW+250.2K250.2K+$13M$13M
YMMFULL TRUCK ALLIANCE CO LTDNEW+663.0K663.0K+$5M$5M
ADBEADOBE SYSTEMS INCORPORATEDNEW+1.5K1.5K+$578,055$578,055
CRWDCROWDSTRIKE HLDGS INCNEW+4.2K4.2K+$576,492$576,492
ABXBARRICK GOLD CORPNEW+11.0K11.0K+$204,270$204,270
VALENS SEMICONDUCTOR LTDADDED+28.0K45.0K+$52,357$143,550
PDDPDD HOLDINGS INCADDED+390.5K686.6K+$28M$52M
FUTUFUTU HLDGS LTDSOLD OUT−221.6K0−$9M$0

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

Holdings — Q1 2023

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PDDPDD HOLDINGS INChistory →SPONSORED ADS26.67%$52M686.6K
2TSLATESLA INChistory →COM26.28%$51M247.6K
3TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS11.58%$23M243.3K
4KANZHUN LIMITEDSPONSORED ADS9.41%$18M966.4K
5FUTU HLDGS LTDSPON ADS CL A6.64%$13M250.2K
6GTMZOOMINFO TECHNOLOGIES INChistory →COMMON STOCK5.65%$11M446.7K
7HTHTH WORLD GROUP LTDhistory →SPONSORED ADS3.13%$6M124.8K
8JDJD.COM INChistory →SPON ADR CL A3.10%$6M138.0K
9YMMFULL TRUCK ALLIANCE CO LTDhistory →SPONSORED ADS2.58%$5M663.0K
10SESEA LTDhistory →SPONSORD ADS2.16%$4M48.9K
11COINCOINBASE GLOBAL INChistory →COM CL A1.10%$2M31.7K
12HYWIN HLDG LTDADS0.68%$1M200.0K
13ADBEADOBE SYSTEMS INCORPORATEDCOM0.30%$578,0551.5K
14CRWDCROWDSTRIKE HLDGS INCCLA0.29%$576,4924.2K
15ENQENTEGRIS INCCOM0.14%$270,6333.3K
16SCORPIO TANKERS INCSHS0.11%$219,6093.9K
17ABXBARRICK GOLD CORPCOM0.10%$204,27011.0K
18VALENS SEMICONDUCTOR LTDORDINARY SHARES0.07%$143,55045.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$178M25May 7, 202613F-HRchanges · EDGAR ↗
Q4 2025$190M23Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$233M20Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$217M13Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$213M17May 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$226M23Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$228M22Nov 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$235M21Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$215M20May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$201M18Feb 8, 202413F-HRchanges · EDGAR ↗
Q3 2023$192M16Nov 7, 202313F-HRchanges · EDGAR ↗
Q2 2023$172M17Aug 8, 202313F-HRchanges · EDGAR ↗
Q1 2023$195M18May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$179M16Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$129M12Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$158M14Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$138M14May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$87M10Feb 4, 202213F-HRchanges · EDGAR ↗
Q3 2021$106M10Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021$194M12Jul 30, 202113F-HRchanges · EDGAR ↗
Q1 2021$154M12Apr 28, 202113F-HRchanges · EDGAR ↗
Q4 2020$162M11Feb 5, 202113F-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 ↗.