Aspex Management (HK) Ltd

CIK

1768375

Location

CENTRAL, K3

Portfolio Value

Mid $6,829,672,754

Diversification

Diversified

Filing Date

Global Rank

#535 / 8,605 ▲ 169 · as of Mar 2026

Top Industry

Software - Infrastructure 23.6%

3Y Alpha vs SPY

-3.0%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+59.8%

SPY

+76.5%

Annualised alpha

-3.9%

Max drawdown

−28.1%

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

25 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

15.5%

−5.0 pts

Top 5

54.3%

−4.8 pts

Top 10

78.9%

−7.9 pts

HHI

807

Diversified−187

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	57.7%	$3,941,079,969	10
Consumer Cyclical	27.6%	$1,882,963,526	8
Financial Services	10.4%	$708,283,346	2
Consumer Defensive	4.1%	$280,755,014	3
Communication Services	0.2%	$16,528,500	1
Healthcare	0.0%	$62,399	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
GRAB	Grab Holdings Ltd	+3,439,149	59,304,024	$217,052,727
NVDA	Nvidia Corp	+2,300,597	5,174,466	$902,426,870
SE	Sea Ltd	+1,497,081	4,870,097	$403,292,732
FUTU	Futu Holdings Ltd	+1,201,149	4,572,746	$625,368,742
AS	Amer Sports, Inc.	+674,978	8,268,605	$272,202,476
SNPS	Synopsys Inc	+544,443	2,670,532	$1,058,812,527
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
YMM	Full Truck Alliance Co. Ltd.	−1,972,599	21,791,354	$180,868,238
TER	Teradyne, Inc	−525,768	506,070	$150,029,512
EDU	New Oriental Education & Technology Group Inc.	−492,320	4,532,665	$256,684,818
LITE	Lumentum Holdings Inc.	−478,017	203,942	$143,322,279
ATAT	Atour Lifestyle Holdings Ltd	−5,118	3,552,677	$130,774,040
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
CVNA	Carvana Co.	1,819,090	$571,885,514
CRWV	CoreWeave, Inc.	7,097,527	$549,845,416
MKSI	Mks Inc	1,538,789	$353,629,100
GLW	Corning Inc /Ny	2,544,734	$346,007,481
CPNG	Coupang, Inc.	16,037,845	$302,794,513
TCOM	Trip.com Group Ltd	2,329,290	$115,975,349
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
PDD	PDD Holdings Inc.	3,109,525	$352,589,039
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

25 positions · $6,829,672,754 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SNPS	Synopsys Inc Technology	Added	2,670,532	+544,443	$1,058,812,527	+6.0%	15.50%
NVDA	Nvidia Corp Technology	Added	5,174,466	+2,300,597	$902,426,870	+68.4%	13.21%
FUTU	Futu Holdings Ltd Financial Services	Added	4,572,746	+1,201,149	$625,368,742	+13.0%	9.16%
CVNA	Carvana Co. Consumer Cyclical	NEW	1,819,090	NEW	$571,885,514	NEW	8.37%
CRWV	CoreWeave, Inc. Technology	NEW	7,097,527	NEW	$549,845,416	NEW	8.05%
SE	Sea Ltd Consumer Cyclical	Added	4,870,097	+1,497,081	$403,292,732	−6.3%	5.91%
MKSI	Mks Inc Technology	NEW	1,538,789	NEW	$353,629,100	NEW	5.18%
GLW	Corning Inc /Ny Technology	NEW	2,544,734	NEW	$346,007,481	NEW	5.07%
CPNG	Coupang, Inc. Consumer Cyclical	NEW	16,037,845	NEW	$302,794,513	NEW	4.43%
AS	Amer Sports, Inc. Consumer Cyclical	Added	8,268,605	+674,978	$272,202,476	−4.0%	3.99%
EDU	New Oriental Education & Technology Group Inc. Consumer Defensive	Reduced	4,532,665	-492,320	$256,684,818	−7.2%	3.76%
GRAB	Grab Holdings Ltd Technology	Added	59,304,024	+3,439,149	$217,052,727	−22.1%	3.18%
YMM	Full Truck Alliance Co. Ltd. Technology	Reduced	21,791,354	-1,972,599	$180,868,238	−29.1%	2.65%
TER	Teradyne, Inc Technology	Reduced	506,070	-525,768	$150,029,512	−24.9%	2.20%
LITE	Lumentum Holdings Inc. Technology	Reduced	203,942	-478,017	$143,322,279	−43.0%	2.10%
ATAT	Atour Lifestyle Holdings Ltd Consumer Cyclical	Reduced	3,552,677	-5,118	$130,774,040	−6.7%	1.91%
TCOM	Trip.com Group Ltd Consumer Cyclical	NEW	2,329,290	NEW	$115,975,349	NEW	1.70%
QFIN	Qfin Holdings, Inc. Financial Services	Held	6,422,510	0	$82,914,604	−33.0%	1.21%
NIO	NIO Inc. Consumer Cyclical	Held	13,141,609	0	$79,243,902	+18.2%	1.16%
PONY	Pony AI Inc. Technology	Held	4,140,447	0	$39,085,819	−34.9%	0.57%
RLX	RLX Technology Inc. Consumer Defensive	Held	7,901,172	0	$17,382,578	−5.6%	0.25%
NTES	NetEase, Inc. Communication Services	Held	147,655	0	$16,528,500	−18.7%	0.24%
LANV	Lanvin Group Holdings Ltd Consumer Cyclical	Held	4,500,000	0	$6,795,000	−24.9%	0.10%
PRE	Prenetics Global Ltd Consumer Defensive	Held	346,150	0	$6,687,618	+22.7%	0.10%
RBOT	Vicarious Surgical Inc. Healthcare	Held	86,666	0	$62,399	−66.8%	0.00%