SEC 13F Intelligence

Managers / Q1 2026

APEIRON CAPITAL Ltd

CIK 0001843111 · SUITE 1907, FLOOR 19,, 9 QUEEN'S ROAD CENTRAL, CENTRAL,, HONG KONG, K3, 000852 · 85221570770

Reported Value
$107M
Q1 2026
Positions
13
Filings on Record
23
2019–present window
Filed
Apr 22, 2026
original filing

Summary

Apeiron Capital Ltd reported $107M in U.S.-listed holdings across 13 positions for Q1 2026.

The portfolio is heavily concentrated: On Holding alone accounts for 31.7% of reported value.

Compared with Q4 2025, the fund opened 9 new positions and exited 1.

Portfolio Metrics

Turnover
+13.2%
vs prior filed quarter
Top-10 Concentration
+96.1%
share of reported value
Largest Position
+31.7%
On Holding
New / Exited
9 / 1
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: $208MQ4 ’20Q1 ’21: $233MQ2 ’21: $309MQ3 ’21: $381MQ3 ’21Q4 ’21: $339MQ1 ’22: $226MQ2 ’22: $163MQ2 ’22Q3 ’22: $150MQ4 ’22: $103MQ1 ’23: $179MQ1 ’23Q2 ’23: $165MQ3 ’23: $149MQ4 ’23: $68MQ4 ’23Q1 ’24: $198MQ2 ’24: $287MQ3 ’24: $280MQ3 ’24Q4 ’24: $268MQ1 ’25: $218MQ2 ’25: $106MQ2 ’25Q3 ’25: $210MQ4 ’25: $86MQ1 ’26: $107MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 44.0%Other: 34.2%ADR: 18.5%ETP: 3.3%
  • Common Stock · 44.0% · $47M
  • Other · 34.2% · $37M
  • ADR · 18.5% · $20M
  • ETP · 3.3% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MUMICRON TECHNOLOGY INCNEW+21.9K21.9K+$7M$7M
UUNITY SOFTWARE INCNEW+250.6K250.6K+$5M$5M
AMZNAMAZON.COM INCNEW+24.5K24.5K+$5M$5M
CLVTRIP.COM GROUP LTD-ADRNEW+70.0K70.0K+$3M$3M
TSMTAIWAN SEMICONDUCTOR-SP ADRNEW+8.8K8.8K+$3M$3M
FTAI AVIATION LTDNEW+11.0K11.0K+$3M$3M
SNPSSYNOPSYS INCNEW+6.0K6.0K+$2M$2M
HOODROBINHOOD MARKETS INC - ANEW+26.0K26.0K+$2M$2M

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

Holdings — Q1 2026

12 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ON HOLDING AG-CLASS ANAMEN AKT A31.69%$34M996.1K
2SMMTSUMMIT THERAPEUTICS INChistory →COM23.21%$25M1.31M
3QFINQFIN HOLDINGS INC-ADRhistory →AMERICAN DEP12.46%$13M1.03M
4MUMICRON TECHNOLOGY INChistory →COM6.92%$7M21.9K
5UUNITY SOFTWARE INChistory →COM5.14%$5M250.6K
6AMZNAMAZON.COM INChistory →COM4.77%$5M24.5K
7KRANESH CSI CHINA INTERNETCSI CHI INTERNET3.32%$4M125.0K
8CLVTRIP.COM GROUP LTD-ADRhistory →ADS3.26%$3M70.0K
9TSMTAIWAN SEMICONDUCTOR-SP ADRhistory →SPONSORED ADS2.78%$3M8.8K
10FTAI AVIATION LTDSHS2.52%$3M11.0K
11SNPSSYNOPSYS INChistory →COM2.22%$2M6.0K
12HOODROBINHOOD MARKETS INC - Ahistory →COM CL A1.69%$2M26.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$107M13Apr 22, 202613F-HRchanges · EDGAR ↗
Q4 2025$86M5Feb 2, 202613F-HRchanges · EDGAR ↗
Q3 2025$210M8Oct 28, 202513F-HRchanges · EDGAR ↗
Q2 2025$106M5Jul 25, 202513F-HRchanges · EDGAR ↗
Q1 2025$218M11Apr 23, 202513F-HRchanges · EDGAR ↗
Q4 2024$268M13Jan 7, 202513F-HRchanges · EDGAR ↗
Q3 2024$280M10Nov 1, 202413F-HRchanges · EDGAR ↗
Q2 2024$287M11Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$198M12May 21, 2024RESTATEMENTchanges · EDGAR ↗
Q4 2023$68M8Feb 1, 202413F-HRchanges · EDGAR ↗
Q3 2023$149M11Oct 31, 202313F-HRchanges · EDGAR ↗
Q2 2023$165M14Jul 25, 202313F-HRchanges · EDGAR ↗
Q1 2023$179M11Apr 25, 202313F-HRchanges · EDGAR ↗
Q4 2022$103M8Jan 18, 202313F-HRchanges · EDGAR ↗
Q3 2022$150M10Oct 21, 202213F-HRchanges · EDGAR ↗
Q2 2022$163M13Aug 1, 202213F-HRchanges · EDGAR ↗
Q1 2022$226M14May 2, 202213F-HRchanges · EDGAR ↗
Q4 2021$339M11Jan 26, 202213F-HRchanges · EDGAR ↗
Q3 2021$381M12Oct 29, 202113F-HRchanges · EDGAR ↗
Q2 2021$309M11Jul 14, 202113F-HRchanges · EDGAR ↗
Q1 2021$233M9Apr 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$208M9Jan 29, 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 ↗.