Tree Line Advisors (Hong Kong) Ltd.
CIK
1535096
Location
CENTRAL, K3
Portfolio Value
Small
$251,168,600
Diversification
Highly concentrated
Filing Date
Global Rank
#3,426
/ 8,232
▼ 769
Top Industry
Internet Retail
55.8%
3Y Alpha vs SPY
-3.0%
Period ended 2 months ago
Filed May 14, 2026 · 31d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+68.5%
SPY
+76.3%
Annualised alpha
-1.8%
Max drawdown
−40.2%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
3 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
44.2%
+16.9 pts
Top 5
100.0%
+8.1 pts
Top 10
100.0%
0.0 pts
HHI
3,530
Highly concentrated+1,636
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 55.8% | $140,145,400 |
| Communication Services | 44.2% | $111,023,200 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reducedNo qualifying positions this quarter.
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
3 positions ·
$251,168,600 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NBIS |
Nebius Group N.V.
Communication Services
|
Held | 1,070,000 | $111,023,200 | 44.20% | |
| SE |
Sea Ltd
Consumer Cyclical
|
Held | 940,000 | $77,841,400 | 30.99% | |
| CPNG |
Coupang, Inc.
Consumer Cyclical
|
Held | 3,300,000 | $62,304,000 | 24.81% |