Managers / Q3 2023 · view latest →
Long Corridor Asset Management Ltd
CIK 0001845501 · SUITE 1901, 8QRC, 8 QUEEN'S ROAD CENTRAL, CENTRAL, HONG KONG, K3, 0000 · 852 2117 2586
Summary
Long Corridor Asset Management Ltd reported $114M in U.S.-listed holdings across 15 positions for Q3 2023.
The portfolio is heavily concentrated: Iqiyi alone accounts for 29.9% of reported value.
Compared with Q2 2023, the fund opened 1 new position 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
- US DOMESTIC · 54.5% · $62M
- ADR · 24.6% · $28M
- Common Stock · 20.9% · $24M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BILIBILI INC | NEW | +23.00M | 23.00M | +$21M | $21M |
| WBWEIBO CORP | ADDED | +395.0K | 620.0K | +$5M | $8M |
| BEKEKE HLDGS INC | SOLD OUT | −282.1K | 0 | −$4M | $0 |
| LILI AUTO INC | SOLD OUT | −17.1K | 0 | −$600,210 | $0 |
| GDSGDS HLDGS LTD | SOLD OUT | −10.5K | 0 | −$115,120 | $0 |
| ZLABZAI LAB LTD | ADDED | +15.0K | 31.0K | +$309,930 | $753,610 |
| BIDUNBAIDU INC | ADDED | +3.2K | 15.0K | +$396,289 | $2M |
| METAMETA PLATFORMS INC | TRIMMED | −5.0K | 40.0K | −$905,700 | $12M |
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 | IQIYI INC | NOTE 4.000%12/1 | 29.91% | $34M | 36.48M |
| 2 | BILIBILI INC | NOTE 0.500%12/0 | 18.03% | $21M | 23.00M |
| 3 | BABAALIBABA GROUP HLDG LTDhistory → | SPONSORED ADS | 11.35% | $13M | 149.4K |
| 4 | METAMETA PLATFORMS INChistory → | CL A | 10.52% | $12M | 40.0K |
| 5 | WBWEIBO CORPhistory → | SPONSORED ADR | 6.81% | $8M | 620.0K |
| 6 | VNET GROUP INC | NOTE 2/0 | 6.55% | $7M | 9.50M |
| 7 | GOOGLALPHABET INChistory → | CAP STK CL A | 4.58% | $5M | 40.0K |
| 8 | AXPAMERICAN EXPRESS COhistory → | COM | 3.92% | $4M | 30.0K |
| 9 | SESEA LTDhistory → | SPONSORD ADS | 2.31% | $3M | 60.0K |
| 10 | BIDUNBAIDU INChistory → | SPON ADR REP A | 1.76% | $2M | 15.0K |
| 11 | NYTNEW YORK TIMES COhistory → | CL A | 1.08% | $1M | 30.0K |
| 12 | MNSOMINISO GROUP HLDG LTD | SPONSORED ADS | 0.91% | $1M | 40.0K |
| 13 | YUMCYUM CHINA HLDGS INC | COM | 0.83% | $947,240 | 17.0K |
| 14 | ONCBEIGENE LTD | SPONSORED ADR | 0.77% | $882,622 | 4.9K |
| 15 | ZLABZAI LAB LTD | ADR | 0.66% | $753,610 | 31.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $411M | 38 | May 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $1.5B | 20 | Feb 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $245M | 23 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $277M | 17 | Aug 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $137M | 18 | May 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $133M | 20 | Feb 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $113M | 20 | Nov 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $106M | 21 | Aug 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $113M | 12 | May 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $120M | 12 | Feb 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $114M | 15 | Oct 30, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $93M | 17 | Aug 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $83M | 16 | May 5, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $89M | 18 | Feb 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $109M | 14 | Nov 8, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $119M | 13 | Jul 22, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $82M | 12 | Apr 25, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $50M | 9 | Feb 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $85M | 11 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $103M | 12 | Aug 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $134M | 13 | May 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $114M | 11 | Feb 16, 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 ↗.