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Aspex Management (HK) Ltd

Q1 2026 · Filed 2026-05-15
Market Value
$6.5B
+43.4%
Holdings
23
+2
New Purchases
6
Added To
5
Closed
1
Reduced
5
Top 10 Concentration
82.1%
Turnover
30.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CVNA 8.74% 0.00% +8.74% $572M
CRWV 8.40% 0.00% +8.40% $550M
MKSI 5.40% 0.00% +5.40% $354M
GLW 5.29% 0.00% +5.29% $346M
CPNG 4.63% 0.00% +4.63% $303M
NVDA 13.79% 11.75% +2.04% $902M
TCOM 1.77% 0.00% +1.77% $116M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PDD 0.00% 7.73% -7.73% $0
SNPS 16.18% 21.89% -5.71% $1.1B
LITE 2.19% 5.51% -3.32% $143M
SE 6.16% 9.43% -3.27% $403M
YMM 2.76% 5.59% -2.83% $181M
GRAB 3.32% 6.11% -2.79% $217M
FUTU 9.56% 12.14% -2.58% $625M
EDU 3.92% 6.06% -2.14% $257M
TER 2.29% 4.38% -2.09% $150M
QFIN 1.27% 2.71% -1.45% $83M
ATAT 2.00% 3.07% -1.07% $131M
PONY 0.60% 1.32% -0.72% $39M
NIO 1.21% 1.47% -0.26% $79M
NTES 0.25% 0.45% -0.19% $17M
RLX 0.27% 0.40% -0.14% $17M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $902M 13.8%
Large Cap 15 $4.9B 75.4%
Mid Cap 5 $625M 9.5%
Small Cap 1 $83M 1.3%
Micro Cap 1 $21K 0.0%

Portfolio Analytics

Avg Market Cap
$267.6B
Median Market Cap
$28.9B
Avg P/E
38.6
Median P/E
24.1
Avg Dividend Yield
0.01%
Avg Beta
1.50
# Stocks
23
# ETFs / Funds
0

Top Holdings (23 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SNPS 16.18% 2,670,532 $1.1B $396.48 $60M +544,443 +25.6%
2 NVDA 13.79% 5,174,466 $902M $174.40 $366M +2,300,597 +80.0%
3 FUTU 9.56% 4,572,746 $625M $136.76 $72M +1,201,149 +35.6%
4 CVNA 8.74% 1,819,090 $572M $314.38 +1,819,090 NEW
5 CRWV 8.40% 7,097,527 $550M $77.47 +7,097,527 NEW
6 SE 6.16% 4,870,097 $403M $82.81 -$27M +1,497,081 +44.4%
7 MKSI 5.40% 1,538,789 $354M $229.81 +1,538,789 NEW
8 GLW 5.29% 2,544,734 $346M $135.97 +2,544,734 NEW
9 CPNG 4.63% 16,037,845 $303M $18.88 +16,037,845 NEW
10 EDU 3.92% 4,532,665 $257M $56.63 -$20M -492,320 -9.8%
11 GRAB 3.32% 59,304,024 $217M $3.66 -$62M +3,439,149 +6.2%
12 YMM 2.76% 21,791,354 $181M $8.30 -$74M -1,972,599 -8.3%
13 TER 2.29% 506,070 $150M $296.46 -$50M -525,768 -51.0%
14 LITE 2.19% 203,942 $143M $702.76 -$108M -478,017 -70.1%
15 ATAT 2.00% 3,552,677 $131M $36.81 -$9M -5,118 -0.1%
16 TCOM 1.77% 2,329,290 $116M $49.79 +2,329,290 NEW
17 QFIN 1.27% 6,422,510 $83M $12.91 -$41M
18 NIO 1.21% 13,141,609 $79M $6.03 $12M
19 PONY 0.60% 4,140,447 $39M $9.44 -$21M
20 RLX 0.27% 7,901,172 $17M $2.20 -$1M
21 NTES 0.25% 147,655 $17M $111.94 -$4M
22 PRENW —% 1,166,666 $21K $0.02 -$14K
23 PDD —% -$353M -3,109,525 -100.0% SOLD

New Positions

SymbolValue% Port
CVNA $572M 8.74%
CRWV $550M 8.40%
MKSI $354M 5.40%
GLW $346M 5.29%
CPNG $303M 4.63%
TCOM $116M 1.77%

Sold Out Positions

SymbolValue% Port
PDD —%
View SEC EDGAR Filings for Aspex Management (HK) Ltd →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms