Managers / Q3 2023 · 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 $27M in U.S.-listed holdings across 14 positions for Q3 2023.
The portfolio is heavily concentrated: Zto Express Cayman alone accounts for 34.3% of reported value.
Compared with Q2 2023, the fund opened 11 new positions and exited 1.
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
- Common Stock · 60.9% · $17M
- EURO-DOLLAR · 34.3% · $9M
- Other · 4.8% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ZTO EXPRESS CAYMAN INC | NEW | +9.70M | 9.70M | +$9M | $9M |
| NVDANVIDIA CORPORATION | NEW | +7.2K | 7.2K | +$3M | $3M |
| MRVLMARVELL TECHNOLOGY INC | NEW | +57.0K | 57.0K | +$3M | $3M |
| AMDADVANCED MICRO DEVICES INC | NEW | +20.3K | 20.3K | +$2M | $2M |
| KLACKLA CORP | NEW | +4.5K | 4.5K | +$2M | $2M |
| AVGOBROADCOM INC | NEW | +2.3K | 2.3K | +$2M | $2M |
| CDNSCADENCE DESIGN SYSTEM INC | NEW | +4.5K | 4.5K | +$1M | $1M |
| TERTERADYNE INC | NEW | +10.4K | 10.4K | +$1M | $1M |
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 | ZTO EXPRESS CAYMAN INC | NOTE 1.500% 9/0 | 34.29% | $9M | 9.70M |
| 2 | NVDANVIDIA CORPORATIONhistory → | COM | 11.39% | $3M | 7.2K |
| 3 | MRVLMARVELL TECHNOLOGY INChistory → | COM | 11.22% | $3M | 57.0K |
| 4 | AMDADVANCED MICRO DEVICES INChistory → | COM | 7.59% | $2M | 20.3K |
| 5 | KLACKLA CORPhistory → | COM NEW | 7.51% | $2M | 4.5K |
| 6 | AVGOBROADCOM INChistory → | COM | 6.84% | $2M | 2.3K |
| 7 | YS BIOPHARMA CO LTD | ORDINARY SHARES · *W EXP 03/15/202 | 4.79% | $1M | 2.36M |
| 8 | CDNSCADENCE DESIGN SYSTEM INChistory → | COM | 3.84% | $1M | 4.5K |
| 9 | TERTERADYNE INChistory → | COM | 3.80% | $1M | 10.4K |
| 10 | MSFTMICROSOFT CORPhistory → | COM | 3.68% | $1M | 3.2K |
| 11 | AMZNAMAZON COM INChistory → | COM | 3.47% | $953,400 | 7.5K |
| 12 | ORCLORACLE CORPhistory → | COM | 1.54% | $423,680 | 4.0K |
| 13 | HH&L ACQUISITION CO | *W EXP 02/04/202 | 0.04% | $11,320 | 400.0K |
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 ↗.