SEC 13F Intelligence

Managers / Q1 2025 · view latest →

IvyRock Asset Management (HK) Ltd

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

Reported Value
$213M
Q1 2025
Positions
17
Filings on Record
22
2019–present window
Filed
May 7, 2025
original filing

Summary

Ivyrock Asset Management (Hk) Ltd reported $213M in U.S.-listed holdings across 17 positions for Q1 2025.

The portfolio is heavily concentrated: PDD alone accounts for 48.1% of reported value.

Compared with Q4 2024, the fund opened 2 new positions and exited 8.

Portfolio Metrics

Turnover
+28.9%
vs prior filed quarter
Top-10 Concentration
+99.3%
share of reported value
Largest Position
+48.1%
Pdd
New / Exited
2 / 8
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: 74.0%ETP: 13.9%Common Stock: 12.1%Other: 0.0%
  • ADR · 74.0% · $157M
  • ETP · 13.9% · $29M
  • Common Stock · 12.1% · $26M
  • Other · 0.0% · $81,600

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMDADVANCED MICRO DEVICES INCNEW+2.4K2.4K+$246,576$246,576
ASTSAST SPACEMOBILE INCNEW+9.3K9.3K+$211,482$211,482
BABAALIBABA GROUP HLDG LTDADDED+177.5K180.6K+$24M$24M
LEGNLEGEND BIOTECH CORPADDED+576.9K844.0K+$20M$29M
TSMTAIWAN SEMICONDUCTOR MFG LTDSOLD OUT−113.3K0−$22M$0
TSLATESLA INCSOLD OUT−48.8K0−$20M$0
YMMFULL TRUCK ALLIANCE CO LTDSOLD OUT−1.02M0−$11M$0
KANZHUN LIMITEDSOLD OUT−582.0K0−$8M$0

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

Holdings — Q1 2025

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PDDPDD HOLDINGS INChistory →SPONSORED ADS48.08%$102M864.3K
2IBITISHARES BITCOIN TRUST ETFhistory →SHS BEN INT13.49%$29M613.1K
3LEGNLEGEND BIOTECH CORPhistory →SPONSORED ADS13.46%$29M844.0K
4BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS11.22%$24M180.6K
5CSIQCANADIAN SOLAR INChistory →COM10.60%$23M2.61M
6NEW ORIENTAL ED & TECHNOLOGYSPON ADR0.96%$2M42.8K
7SMMTSUMMIT THERAPEUTICS INCCOM0.83%$2M91.7K
8GQ9SPDR GOLD TRGOLD SHS0.37%$777,9782.7K
9MSFTMICROSOFT CORPCOM0.19%$409,1751.1K
10AKXANSYS INCCOM0.14%$300,732950
11MNSOMINISO GROUP HLDG LTDSPONSORED ADS0.14%$295,84016.0K
12CSCOCISCO SYS INCCOM0.13%$277,6954.5K
13AMDADVANCED MICRO DEVICES INCCOM0.12%$246,5762.4K
14FUTUFUTU HLDGS LTDSPON ADS CL A0.11%$225,1702.2K
15ASTSAST SPACEMOBILE INCCOM CL A0.10%$211,4829.3K
16VALENS SEMICONDUCTOR LTDORDINARY SHARES0.04%$81,60040.0K
17REREATRENEW INCSPONSORED ADS0.02%$52,92018.0K

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 ↗.