SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Maytree Asset Management Ltd

CIK 0001869683 · UNIT 710, L7, CORE D, CYBERPORT 3, 100 CYBERPORT ROAD, HONG KONG, K3, 0 · 852 3611 0877

Reported Value
$111M
Q3 2025
Positions
11
Filings on Record
18
2019–present window
Filed
Oct 31, 2025
original filing

Summary

Maytree Asset Management Ltd reported $111M in U.S.-listed holdings across 11 positions for Q3 2025.

The portfolio is heavily concentrated: PDD alone accounts for 35.0% of reported value.

Compared with Q2 2025, the fund opened 2 new positions and exited 3.

Portfolio Metrics

Turnover
+4.0%
vs prior filed quarter
Top-10 Concentration
+99.9%
share of reported value
Largest Position
+35.0%
Pdd
New / Exited
2 / 3
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 ’21: $76MQ4 ’21Q1 ’22: $91MQ2 ’22: $86MQ3 ’22: $135MQ3 ’22Q4 ’22: $52MQ1 ’23: $93MQ2 ’23: $99MQ2 ’23Q3 ’23: $78MQ4 ’23: $79MQ1 ’24: $53MQ1 ’24Q2 ’24: $95MQ3 ’24: $51MQ4 ’24: $44MQ4 ’24Q1 ’25: $56MQ2 ’25: $60MQ3 ’25: $111MQ3 ’25Q4 ’25: $135MQ1 ’26: $141Mfilingsflow.com

Portfolio Composition

By security type
ADR: 53.1%Common Stock: 25.6%GLOBAL: 13.4%ETP: 7.7%Other: 0.3%
  • ADR · 53.1% · $59M
  • Common Stock · 25.6% · $28M
  • GLOBAL · 13.4% · $15M
  • ETP · 7.7% · $9M
  • Other · 0.3% · $295,075

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IBITISHARES BITCOIN TRUST ETFNEW+131.2K131.2K+$9M$9M
TSLATESLA INCNEW+12.2K12.2K+$5M$5M
GOOGLALPHABET INCADDED+49.8K58.3K+$13M$14M
TSMTAIWAN SEMICONDUCTOR MFG LTDADDED+23.2K30.7K+$7M$9M
UUNITY SOFTWARE INCADDED+115.1K217.8K+$6M$9M
FUTUFUTU HLDGS LTDSOLD OUT−25.8K0−$3M$0
BEKEKE HLDGS INCSOLD OUT−10.7K0−$189,587$0
PROSHARES TR IISOLD OUT−480−$2,250$0

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

Holdings — Q3 2025

10 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PDDPDD HOLDINGS INCSPONSORED ADS · NOTE 12/048.42%$54M15.29M
2GOOGLALPHABET INChistory →CAP STK CL A12.76%$14M58.3K
3BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS8.18%$9M50.8K
4UUNITY SOFTWARE INChistory →COM7.85%$9M217.8K
5TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS7.72%$9M30.7K
6IBITISHARES BITCOIN TRUST ETFhistory →SHS BEN INT7.67%$9M131.2K
7TSLATESLA INChistory →COM4.88%$5M12.2K
8CLVTRIP COM GROUP LTDhistory →ADS2.17%$2M32.0K
9MAXEON SOLAR TECHNOLOGIES LTSHS NEW0.27%$295,07588.1K
10RBOTVICARIOUS SURGICAL INCCOM CL A NEW0.09%$98,23217.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$141M20May 4, 202613F-HRchanges · EDGAR ↗
Q4 2025$135M17Feb 3, 202613F-HRchanges · EDGAR ↗
Q3 2025$111M11Oct 31, 202513F-HRchanges · EDGAR ↗
Q2 2025$60M12Aug 1, 202513F-HRchanges · EDGAR ↗
Q1 2025$56M16May 6, 202513F-HRchanges · EDGAR ↗
Q4 2024$44M14Feb 3, 202513F-HRchanges · EDGAR ↗
Q3 2024$51M9Nov 4, 202413F-HRchanges · EDGAR ↗
Q2 2024$95M26Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$53M18May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$79M36Feb 15, 202413F-HRchanges · EDGAR ↗
Q3 2023$78M11Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$99M15Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$93M14May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$52M8Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$135M20Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$86M16Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$91M14May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$76M17Feb 14, 202213F-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 ↗.