Managers / Q3 2023 · 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 $192M in U.S.-listed holdings across 16 positions for Q3 2023.
The portfolio is heavily concentrated: PDD alone accounts for 45.9% of reported value.
Compared with Q2 2023, the fund opened 3 new positions and exited 3.
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 · 76.1% · $146M
- Common Stock · 23.0% · $44M
- Other · 0.9% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| KANZHUN LIMITED | NEW | +964.5K | 964.5K | +$15M | $15M |
| SCORPIO TANKERS INC | NEW | +3.9K | 3.9K | +$211,068 | $211,068 |
| RLXRLX TECHNOLOGY INC-ADR | NEW | +100.0K | 100.0K | +$151,000 | $151,000 |
| YMMFULL TRUCK ALLIANCE CO LTD | ADDED | +2.26M | 3.14M | +$17M | $22M |
| JDJD.COM INC | SOLD OUT | −136.8K | 0 | −$5M | $0 |
| COINCOINBASE GLOBAL INC | SOLD OUT | −31.7K | 0 | −$2M | $0 |
| CRWDCROWDSTRIKE HLDGS INC | SOLD OUT | −3.5K | 0 | −$514,045 | $0 |
| ABXBARRICK GOLD CORP | TRIMMED | −964.5K | 11.0K | −$15M | $160,050 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | PDDPDD HOLDINGS INChistory → | SPONSORED ADS | 45.94% | $88M | 897.6K |
| 2 | TSLATESLA INChistory → | COM | 18.74% | $36M | 143.5K |
| 3 | YMMFULL TRUCK ALLIANCE CO LTDhistory → | SPONSORED ADS | 11.55% | $22M | 3.14M |
| 4 | KANZHUN LIMITED | SPONSORED ADS | 7.64% | $15M | 964.5K |
| 5 | TSMTAIWAN SEMICONDUCTOR MFG LTDhistory → | SPONSORED ADS | 6.95% | $13M | 153.3K |
| 6 | GTMZOOMINFO TECHNOLOGIES INChistory → | COMMON STOCK | 3.82% | $7M | 446.7K |
| 7 | HTHTH WORLD GROUP LTDhistory → | SPONSORED ADS | 2.57% | $5M | 124.8K |
| 8 | SESEA LTDhistory → | SPONSORD ADS | 1.12% | $2M | 48.9K |
| 9 | HYWIN HLDG LTD | ADS | 0.75% | $1M | 200.0K |
| 10 | FUTUFUTU HLDGS LTD | SPON ADS CL A | 0.22% | $416,232 | 7.2K |
| 11 | MSFTMICROSOFT CORP | COM | 0.18% | $344,168 | 1.1K |
| 12 | ENQENTEGRIS INC | COM | 0.16% | $309,903 | 3.3K |
| 13 | SCORPIO TANKERS INC | SHS | 0.11% | $211,068 | 3.9K |
| 14 | VALENS SEMICONDUCTOR LTD | ORDINARY SHARES | 0.09% | $172,900 | 65.0K |
| 15 | ABXBARRICK GOLD CORP | COM | 0.08% | $160,050 | 11.0K |
| 16 | RLXRLX TECHNOLOGY INC-ADR | SPONSORED ADS | 0.08% | $151,000 | 100.0K |
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 ↗.