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WT Asset Management Ltd

20/F, 8 WYNDHAM STREET ,CENTRAL, HONG KONG, K3 999077 • 85234683282

Q3 2025 · Filed 2025-11-10
Market Value
$2.0B
+48.0%
Holdings
52
+6
New Purchases
23
Added To
8
Closed
15
Reduced
6
Top 10 Concentration
72.3%
Turnover
73.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NIO 7.00% 0.00% +7.00% $142M
HOOD 6.34% 0.00% +6.34% $129M
GOOG 6.00% 0.00% +6.00% $122M
APP 7.31% 2.21% +5.10% $149M
PDD 4.92% 0.04% +4.88% $100M
RDDT 4.58% 0.00% +4.58% $93M
LITE 5.69% 1.82% +3.87% $116M
WDC 2.95% 0.00% +2.95% $60M
BABA 2.29% 0.00% +2.29% $46M
TPR 4.48% 2.25% +2.23% $91M
TER 2.06% 0.00% +2.06% $42M
CRDO 1.65% 0.00% +1.65% $34M
SHOP 1.63% 0.00% +1.63% $33M
NVDA 16.47% 14.98% +1.49% $335M
BE 1.26% 0.00% +1.26% $25M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TSM 6.19% 19.85% -13.66% $126M
AVGO 0.00% 10.89% -10.89% $0
AMZN 0.00% 7.71% -7.71% $0
META 2.38% 8.65% -6.27% $48M
ORCL 0.81% 4.08% -3.27% $16M
SE 0.00% 3.27% -3.27% $0
GEV 0.00% 2.91% -2.91% $0
BTI 0.12% 2.76% -2.64% $2M
AMD 0.00% 2.18% -2.18% $0
SPOT 0.00% 1.95% -1.95% $0
NKE 0.12% 1.91% -1.79% $2M
HSAI 0.03% 0.55% -0.53% $562K
YMM 0.00% 0.50% -0.50% $0
VRT 2.51% 2.91% -0.40% $51M
CLS 0.00% 0.40% -0.40% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 87.6%
Consumer Cyclical 10.5%
Financial Services 1.2%
Communication Services 0.7%
Industrials 0.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 12 $705M 34.7%
Large Cap 32 $1.3B 64.9%
Mid Cap 7 $8M 0.4%
Small Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$476.3B
Median Market Cap
$74.2B
Avg P/E
55.8
Median P/E
35.6
Avg Dividend Yield
0.01%
Avg Beta
1.61
# Stocks
52
# ETFs / Funds
0

Top Holdings (52 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 16.47% 1,793,122 $335M $186.58 $129M +492,172 +37.8%
2 RBLX 7.79% 1,142,280 $158M $138.52 $67M +271,370 +31.2%
3 APP 7.31% 206,800 $149M $718.54 $118M +120,000 +138.2%
4 NIO 7.00% 18,650,894 $142M $7.62 +18,650,894 NEW
5 HOOD 6.34% 899,600 $129M $143.18 +899,600 NEW
6 TSM 6.19% 450,089 $126M $279.29 -$147M -752,837 -62.6%
7 GOOG 6.00% 500,317 $122M $243.55 +500,317 NEW
8 LITE 5.69% 710,208 $116M $162.71 $91M +447,208 +170.0%
9 PDD 4.92% 756,540 $100M $132.17 $99M +751,540 +15030.8%
10 RDDT 4.58% 404,250 $93M $229.99 +404,250 NEW
11 TPR 4.48% 803,818 $91M $113.22 $60M +451,378 +128.1%
12 WDC 2.95% 499,300 $60M $120.06 +499,300 NEW
13 VRT 2.51% 337,700 $51M $150.86 $11M +26,700 +8.6%
14 META 2.38% 65,887 $48M $734.38 -$70M -94,913 -59.0%
15 BABA 2.29% 260,000 $46M $178.73 +260,000 NEW
16 TER 2.06% 304,674 $42M $137.64 +304,674 NEW
17 CRDO 1.65% 230,400 $34M $145.61 +230,400 NEW
18 SHOP 1.63% 222,200 $33M $148.61 +222,200 NEW
19 BE 1.26% 301,500 $25M $84.57 +301,500 NEW
20 CVNA 1.13% 61,100 $23M $377.24 +61,100 NEW
21 STX 1.10% 95,000 $22M $236.06 +95,000 NEW
22 COHR 0.99% 187,400 $20M $107.72 +187,400 NEW
23 ORCL 0.81% 58,536 $16M $281.24 -$40M -197,764 -77.2%
24 GLW 0.40% 100,000 $8M $82.03 +100,000 NEW
25 TSLA 0.35% 16,000 $7M $444.72 +16,000 NEW
26 AAOI 0.25% 194,351 $5M $25.93 +194,351 NEW
27 SNDK 0.22% 40,000 $4M $112.20 +40,000 NEW
28 VNET 0.20% 400,000 $4M $10.33 $4M +350,000 +700.0%
29 NTES 0.18% 24,014 $4M $151.99 +24,014 NEW
30 CELH 0.15% 51,400 $3M $57.49 +51,400 NEW
31 EL 0.14% 33,000 $3M $88.12 +33,000 NEW
32 TCOM 0.14% 37,736 $3M $75.20 +37,736 NEW
33 APH 0.12% 20,000 $2M $123.75 +20,000 NEW
34 NKE 0.12% 35,000 $2M $69.73 -$24M -334,300 -90.5%
35 BTI 0.12% 45,000 $2M $53.08 -$35M -754,700 -94.4%
36 TME 0.05% 44,500 $1M $23.34 +44,500 NEW
37 HSAI 0.03% 20,000 $562K $28.10 -$7M -326,389 -94.2%
38 BA —% -$2M -10,000 -100.0% SOLD
39 AMD —% -$30M -210,729 -100.0% SOLD
40 AMZN —% -$106M -482,400 -100.0% SOLD
41 ZS —% -$2M -7,000 -100.0% SOLD
42 SE —% -$45M -280,200 -100.0% SOLD
43 CAR —% -$2M -14,200 -100.0% SOLD
44 CLS —% -$5M -35,000 -100.0% SOLD
45 ELF —% -$5M -36,500 -100.0% SOLD
46 CRWD —% -$3M -5,000 -100.0% SOLD
47 QFIN —% -$2M -35,000 -100.0% SOLD
48 GEV —% -$40M -75,528 -100.0% SOLD
49 YMM —% -$7M -576,195 -100.0% SOLD
50 AVGO —% -$149M -542,300 -100.0% SOLD
51 SPOT —% -$27M -34,802 -100.0% SOLD
52 ZETA —% -$5M -328,900 -100.0% SOLD

New Positions

SymbolValue% Port
NIO $142M 7.00%
HOOD $129M 6.34%
GOOG $122M 6.00%
RDDT $93M 4.58%
WDC $60M 2.95%
BABA $46M 2.29%
TER $42M 2.06%
CRDO $34M 1.65%
SHOP $33M 1.63%
BE $25M 1.26%
CVNA $23M 1.13%
STX $22M 1.10%
COHR $20M 0.99%
GLW $8M 0.40%
TSLA $7M 0.35%

Sold Out Positions

SymbolValue% Port
SE —%
SPOT —%
ELF —%
GEV —%
BA —%
CLS —%
YMM —%
ZETA —%
AMD —%
AMZN —%
CAR —%
CRWD —%
ZS —%
AVGO —%
QFIN —%
View SEC EDGAR Filings for WT Asset Management Ltd →

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