SEC 13F Intelligence

Managers / Q4 2024 · view latest →

IvyRock Asset Management (HK) Ltd

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

Reported Value
$226M
Q4 2024
Positions
23
Filings on Record
22
2019–present window
Filed
Feb 12, 2025
original filing

Summary

Ivyrock Asset Management (Hk) Ltd reported $226M in U.S.-listed holdings across 23 positions for Q4 2024.

The portfolio is heavily concentrated: PDD alone accounts for 39.8% of reported value.

Compared with Q3 2024, the fund opened 5 new positions and exited 4.

Portfolio Metrics

Turnover
+19.7%
vs prior filed quarter
Top-10 Concentration
+96.7%
share of reported value
Largest Position
+39.8%
Pdd
New / Exited
5 / 4
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: 67.3%Common Stock: 17.4%ETP: 14.6%Other: 0.7%
  • ADR · 67.3% · $152M
  • Common Stock · 17.4% · $39M
  • ETP · 14.6% · $33M
  • Other · 0.7% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CSIQCANADIAN SOLAR INCNEW+1.39M1.39M+$15M$15M
SMMTSUMMIT THERAPEUTICS INCNEW+166.5K166.5K+$3M$3M
NVIDIA CORPORATIONNEW+1.36M1.36M+$1M$1M
MNSOMINISO GROUP HLDG LTDNEW+16.0K16.0K+$382,240$382,240
ZETAZETA GLOBAL HOLDINGS CORPNEW+13.0K13.0K+$233,870$233,870
LEGNLEGEND BIOTECH CORPADDED+260.3K267.1K+$8M$9M
COINCOINBASE GLOBAL INCSOLD OUT−70.0K0−$12M$0
SESEA LTDSOLD OUT−48.9K0−$5M$0

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

Holdings — Q4 2024

22 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PDDPDD HOLDINGS INChistory →SPONSORED ADS39.84%$90M930.3K
2IBITISHARES BITCOIN TRUST ETFhistory →SHS BEN INT14.35%$32M612.6K
3TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS9.88%$22M113.3K
4TSLATESLA INChistory →COM8.70%$20M48.8K
5CSIQCANADIAN SOLAR INChistory →COM6.82%$15M1.39M
6YMMFULL TRUCK ALLIANCE CO LTDhistory →SPONSORED ADS4.89%$11M1.02M
7LEGNLEGEND BIOTECH CORPhistory →SPONSORED ADS3.84%$9M267.1K
8KANZHUN LIMITEDSPONSORED ADS3.55%$8M582.0K
9NEW ORIENTAL ED & TECHNOLOGYSPON ADR3.06%$7M108.0K
10HTHTH WORLD GROUP LTDhistory →SPONSORED ADS1.82%$4M124.8K
11SMMTSUMMIT THERAPEUTICS INChistory →COM1.31%$3M166.5K
12GQ9SPDR GOLD SHARESGOLD SHS0.26%$581,1122.4K
13MSFTMICROSOFT CORPCOM0.20%$459,4351.1K
14MNSOMINISO GROUP HLDG LTDSPONSORED ADS0.17%$382,24016.0K
15AKXANSYS INCCOM0.14%$320,464950
16CSCOCISCO SYS INCCOM0.12%$266,4004.5K
17BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.12%$262,8493.1K
18ZETAZETA GLOBAL HOLDINGS CORPCL A0.10%$233,87013.0K
19FUTUFUTU HLDGS LTDSPON ADS CL A0.10%$223,9722.8K
20VALENS SEMICONDUCTOR LTDORDINARY SHARES0.07%$156,00060.0K
21IQIQIYI INCSPONSORED ADS0.05%$120,60060.0K
22REREATRENEW INCSPONSORED ADS0.02%$51,84018.0K

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 ↗.