Managers / Q4 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
Summary
Maytree Asset Management Ltd reported $135M in U.S.-listed holdings across 17 positions for Q4 2025.
The portfolio is heavily concentrated: PDD alone accounts for 43.1% of reported value.
Compared with Q3 2025, the fund opened 9 new positions 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, 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 · 48.9% · $66M
- Common Stock · 44.3% · $60M
- ETP · 6.6% · $9M
- Other · 0.2% · $242,226
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| INTCINTEL CORP | NEW | +328.6K | 328.6K | +$12M | $12M |
| NVDANVIDIA CORPORATION | NEW | +62.6K | 62.6K | +$12M | $12M |
| AXTIAXT INC | NEW | +682.3K | 682.3K | +$11M | $11M |
| SNPSSYNOPSYS INC | NEW | +20.9K | 20.9K | +$10M | $10M |
| LITELUMENTUM HLDGS INC | NEW | +6.2K | 6.2K | +$2M | $2M |
| XMESPDR SERIES TRUST | NEW | +19.6K | 19.6K | +$2M | $2M |
| APPAPPLOVIN CORP | NEW | +3.0K | 3.0K | +$2M | $2M |
| SILGLOBAL X FDS | NEW | +11.6K | 11.6K | +$967,997 | $967,997 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | PDDPDD HOLDINGS INChistory → | SPONSORED ADS | 43.14% | $58M | 513.1K |
| 2 | INTCINTEL CORPhistory → | COM | 8.99% | $12M | 328.6K |
| 3 | NVDANVIDIA CORPORATIONhistory → | COM | 8.66% | $12M | 62.6K |
| 4 | AXTIAXT INChistory → | COM | 8.27% | $11M | 682.3K |
| 5 | SNPSSYNOPSYS INChistory → | COM | 7.28% | $10M | 20.9K |
| 6 | IBITISHARES BITCOIN TRUST ETFhistory → | SHS BEN INT | 4.40% | $6M | 119.5K |
| 7 | TSMTAIWAN SEMICONDUCTOR MFG LTDhistory → | SPONSORED ADS | 4.07% | $5M | 18.1K |
| 8 | UUNITY SOFTWARE INChistory → | COM | 3.98% | $5M | 121.4K |
| 9 | GOOGLALPHABET INChistory → | CAP STK CL A | 3.91% | $5M | 16.9K |
| 10 | TCOMTRIP COM GROUP LTDhistory → | ADS | 1.71% | $2M | 32.0K |
| 11 | LITELUMENTUM HLDGS INChistory → | COM | 1.68% | $2M | 6.2K |
| 12 | XMESPDR SERIES TRUSThistory → | STATE STREET SPD | 1.51% | $2M | 19.6K |
| 13 | APPAPPLOVIN CORPhistory → | COM CL A | 1.49% | $2M | 3.0K |
| 14 | SILGLOBAL X FDS | GLOBAL X SILVER | 0.72% | $967,997 | 11.6K |
| 15 | MAXEON SOLAR TECHNOLOGIES LT | SHS NEW | 0.18% | $242,226 | 88.1K |
| 16 | RBOTVICARIOUS SURGICAL INC | COM CL A NEW | 0.03% | $38,687 | 17.8K |
| 17 | VIXYPROSHARES TR II | VIX SHT TERM FUT | 0.00% | $1,231 | 48 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $141M | 20 | May 4, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $135M | 17 | Feb 3, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $111M | 11 | Oct 31, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $60M | 12 | Aug 1, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $56M | 16 | May 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $44M | 14 | Feb 3, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $51M | 9 | Nov 4, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $95M | 26 | Aug 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $53M | 18 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $79M | 36 | Feb 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $78M | 11 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $99M | 15 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $93M | 14 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $52M | 8 | Feb 9, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $135M | 20 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $86M | 16 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $91M | 14 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $76M | 17 | Feb 14, 2022 | 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 ↗.