Managers / Q4 2024 · view latest →
Infini Capital Management Ltd
CIK 0001936249 · 27TH FLOOR, EAST TOWER, CHEUNG KONG CENTER II, 10 HARCOURT ROAD, CENTRAL, 00000 · 852 3792 0823
Summary
Infini Capital Management Ltd reported $79M in U.S.-listed holdings across 6 positions for Q4 2024.
The portfolio is heavily concentrated: VNET alone accounts for 42.0% of reported value.
Compared with Q3 2024, the fund opened 2 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 · 70.5% · $56M
- Common Stock · 29.5% · $23M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| NTESNetEase Inc | NEW | +82.0K | 82.0K | +$7M | $7M |
| GOEVQCanoo Inc | NEW | +36.4K | 36.4K | +$51,313 | $51,313 |
| BIDUBaidu Inc | ADDED | +169.2K | 180.4K | +$14M | $15M |
| JDJD.Com Inc | SOLD OUT | −965.8K | 0 | −$39M | $0 |
| BABAAlibaba Group Hldg Ltd | SOLD OUT | −198.1K | 0 | −$21M | $0 |
| TCOMTrip com Group Ltd | SOLD OUT | −36.9K | 0 | −$2M | $0 |
| Canoo Inc | SOLD OUT | −727.8K | 0 | −$715,832 | $0 |
| VNETVNET Group Inc | HELD | +0 | 7.01M | +$5M | $33M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VNETVNET Group Inchistory → | SPONSORED ADS A | 42.01% | $33M | 7.01M |
| 2 | BIDUBaidu Inchistory → | SPON ADR REP A | 19.22% | $15M | 180.4K |
| 3 | NCNOnCino Inchistory → | COM | 17.15% | $14M | 403.9K |
| 4 | PLTKPlaytika Holding Corphistory → | COM | 12.31% | $10M | 1.40M |
| 5 | NTESNetEase Inchistory → | SPON ADS CL A | 9.25% | $7M | 82.0K |
| 6 | GOEVQCanoo Inc | COM | 0.06% | $51,313 | 36.4K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $0 | 1 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $12M | 2 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $102M | 11 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $152M | 20 | Aug 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $100M | 14 | Apr 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $79M | 6 | Feb 4, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $116M | 8 | Nov 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $21M | 5 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $21M | 6 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $25M | 3 | Feb 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $39M | 23 | Nov 7, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $74M | 26 | Aug 18, 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 ↗.