Managers / Q1 2026
Avenir Tech Ltd
CIK 0002029708 · 10/F, CCB TOWER, 3 CONNAUGHT ROAD CENTRAL, CENTRAL, HONG KONG, K3, - · 852-93135386
Summary
Avenir Tech Ltd reported $790M in U.S.-listed holdings across 23 positions for Q1 2026.
The portfolio is heavily concentrated: IBIT alone accounts for 88.9% of reported value.
Compared with Q4 2025, the fund opened 6 new positions and exited 11.
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. 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
- ETP · 90.3% · $713M
- ADR · 8.5% · $67M
- Other · 0.7% · $6M
- Common Stock · 0.5% · $4M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| MF INTL LTD | NEW | +500.0K | 500.0K | +$6M | $6M |
| TSMTAIWAN SEMICONDUCTOR MANUFAC | NEW | +455 | 455 | +$153,767 | $153,767 |
| ASML HLDG NV | NEW | +70 | 70 | +$92,458 | $92,458 |
| HOODROBINHOOD MKTS INC | NEW | +1.3K | 1.3K | +$86,625 | $86,625 |
| AVGOBROADCOM INC | NEW | +150 | 150 | +$46,427 | $46,427 |
| ISHARES BITCOIN TRUST ETF | NEW | +200 | 200 | +$7,684 | $7,684 |
| NVDANVIDIA CORPORATION | ADDED | +2.0K | 2.0K | +$348,727 | $349,846 |
| INVESCO QQQ TR | SOLD OUT | −100.0K | 0 | −$61M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IBITISHARES BITCOIN TRUST ETFhistory → | SHS BEN INT | 88.94% | $702M | 18.28M |
| 2 | TIGRUP FINTECH HLDG LTDhistory → | SPONSORED ADS | 8.26% | $65M | 10.35M |
| 3 | BITBBITWISE BITCOIN ETF TR | SHS BEN INT | 0.81% | $6M | 173.2K |
| 4 | MF INTL LTD | SHS NEW CL A | 0.70% | $6M | 500.0K |
| 5 | FBTCFIDELITY WISE ORIGIN BITCOIN | SHS | 0.44% | $3M | 58.6K |
| 6 | XXITWENTY ONE CAP INC | COM SHS CL A | 0.32% | $3M | 400.0K |
| 7 | WDHWATERDROP INC | ADS | 0.18% | $1M | 859.2K |
| 8 | ETHAISHARES ETHEREUM TR | SHS | 0.12% | $941,315 | 59.5K |
| 9 | BMNRBITMINE IMMERSION TECNOLOGIE | COM NEW | 0.07% | $575,697 | 29.1K |
| 10 | HSDTSOLANA CO | COM CL A NEW | 0.06% | $502,833 | 290.7K |
| 11 | NVDANVIDIA CORPORATION | COM | 0.04% | $349,846 | 2.0K |
| 12 | TSMTAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 0.02% | $153,767 | 455 |
| 13 | ASML HLDG NV | N Y REGISTRY SHS | 0.01% | $92,458 | 70 |
| 14 | HOODROBINHOOD MKTS INC | COM CL A | 0.01% | $86,625 | 1.3K |
| 15 | AVGOBROADCOM INC | COM | 0.01% | $46,427 | 150 |
| 16 | GSGOLDMAN SACHS GROUP INC | COM | 0.01% | $42,300 | 50 |
| 17 | GOOGALPHABET INC | CAP STK CL C | 0.00% | $28,686 | 100 |
| 18 | METAMETA PLATFORMS INC | CL A | 0.00% | $28,607 | 50 |
| 19 | AAPLAPPLE INC | COM | 0.00% | $25,379 | 100 |
| 20 | PDDPDD HOLDINGS INC | SPONSORED ADS | 0.00% | $102 | 1 |
| 21 | IQIQIYI INC | SPONSORED ADS | 0.00% | $1 | 1 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $790M | 23 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $1.1B | 27 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $1.4B | 27 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $1.3B | 41 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $795M | 26 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $604M | 6 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $22M | 6 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $383M | 6 | Aug 2, 2024 | 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 ↗.