Managers / Q4 2022 · view latest →
Valliance Asset Management Ltd
CIK 0001846639 · 16/F, 8 QUEEN'S ROAD, CENTRAL, K3, 000000 · 852 35657001
Summary
Valliance Asset Management Ltd reported $71M in U.S.-listed holdings across 8 positions for Q4 2022.
The portfolio is heavily concentrated: BABA alone accounts for 37.2% of reported value.
Compared with Q3 2022, the fund opened 6 new positions and exited 4.
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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 · 74.2% · $52M
- Other · 25.8% · $18M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BABAALIBABA GROUP HLDG LTD | NEW | +298.1K | 298.1K | +$26M | $26M |
| JDJD.COM INC | NEW | +186.2K | 186.2K | +$10M | $10M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | NEW | +135.1K | 135.1K | +$10M | $10M |
| BIDUBAIDU INC | NEW | +31.8K | 31.8K | +$4M | $4M |
| BZKANZHUN LIMITED | NEW | +51.5K | 51.5K | +$1M | $1M |
| GOTUGAOTU TECHEDU INC | NEW | +357.8K | 357.8K | +$844,500 | $844,500 |
| NVDANVIDIA CORPORATION | SOLD OUT | −68.1K | 0 | −$8M | $0 |
| ORCLORACLE CORP | SOLD OUT | −123.8K | 0 | −$8M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BABAALIBABA GROUP HLDG LTDhistory → | SPONSORED ADS | 37.24% | $26M | 298.1K |
| 2 | JDJD.COM INChistory → | SPON ADR CL A | 14.82% | $10M | 186.2K |
| 3 | SUMMIT HEALTHCRE ACQUISTN CO | UNIT 06/03/2026 | 14.35% | $10M | 1.00M |
| 4 | TSMTAIWAN SEMICONDUCTOR MFG LTDhistory → | SPONSORED ADS | 14.27% | $10M | 135.1K |
| 5 | HH&L ACQUISITION CO | UNIT 99/99/9999 | 11.48% | $8M | 800.0K |
| 6 | BIDUBAIDU INChistory → | SPON ADR REP A | 5.16% | $4M | 31.8K |
| 7 | BZKANZHUN LIMITEDhistory → | SPONSORED ADS | 1.49% | $1M | 51.5K |
| 8 | GOTUGAOTU TECHEDU INChistory → | SPONSORED ADS | 1.20% | $844,500 | 357.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $122M | 8 | May 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $240M | 11 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $13M | 1 | Oct 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $13M | 5 | Jul 31, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $44M | 25 | May 8, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $56M | 18 | Feb 4, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $82M | 7 | Oct 31, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $66M | 15 | Aug 7, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $41M | 8 | May 7, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $3M | 6 | Jan 31, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $27M | 14 | Oct 27, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $6M | 4 | Jul 26, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $56M | 9 | May 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $71M | 8 | Feb 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $36M | 6 | Nov 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $24M | 3 | Aug 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $18M | 2 | Apr 25, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $41M | 3 | Jan 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $99M | 6 | Oct 27, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $23M | 3 | Jul 28, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $8M | 1 | May 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $47M | 3 | Feb 18, 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 ↗.