Managers / Q1 2026
Shengqi Capital (Hong Kong) Ltd
CIK 0002040405 · ROOM 1805, 90 CONNAUGHT RD CENTRAL, SHEUNG WAN, HONG KONG, 00000 · 85236537081
Summary
Shengqi Capital (Hong Kong) Ltd reported $68M in U.S.-listed holdings across 5 positions for Q1 2026.
The portfolio is heavily concentrated: MU alone accounts for 99.9% of reported value.
Compared with Q4 2025, the fund opened 5 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 · 100.0% · $68M
- ETP · 0.0% · $12,178
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| MUMICRON TECHNOLOGY INC | NEW | +200.0K | 200.0K | +$68M | $68M |
| GOOGALPHABET INC | NEW | +100 | 100 | +$28,686 | $28,686 |
| TQQQPROSHARES TR | NEW | +200 | 200 | +$8,336 | $8,336 |
| IBITISHARES BITCOIN TRUST ETF | NEW | +100 | 100 | +$3,842 | $3,842 |
| GRMLGREENLAND MINES LTD | NEW | +100 | 100 | +$33 | $33 |
| PLTRPALANTIR TECHNOLOGIES INC | SOLD OUT | −157.0K | 0 | −$28M | $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 | MUMICRON TECHNOLOGY INChistory → | COM | 99.94% | $68M | 200.0K |
| 2 | GOOGALPHABET INC | CAP STK CL C | 0.04% | $28,686 | 100 |
| 3 | TQQQPROSHARES TR | ULTRAPRO QQQ | 0.01% | $8,336 | 200 |
| 4 | IBITISHARES BITCOIN TRUST ETF | SHS BEN INT | 0.01% | $3,842 | 100 |
| 5 | GRMLGREENLAND MINES LTD | COM | 0.00% | $33 | 100 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $68M | 5 | May 8, 2026 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2025 | Under review | 1 | Feb 10, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | Under review | 4 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $24M | 1 | Aug 18, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $142M | 5 | May 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $165M | 7 | Feb 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $134M | 3 | Nov 12, 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 ↗.