Pinpoint Asset Management Ltd

CIK

1803237

Location

HONG KONG, K3

Portfolio Value

Small $125,874,211

Diversification

Diversified

Filing Date

Global Rank

#2,367 / 7,977 ▲ 75

Top Industry

Software - Application 26.0%

3Y Alpha vs SPY

-4.5%

Period ended 1 year ago

Filed May 12, 2025 · 1y

21 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+57.2%

SPY

+76.3%

Annualised alpha

-4.5%

Max drawdown

−24.4%

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

74 positions · as of Mar 31, 2025 · Δ vs Dec 31, 2024

Top Position

20.5%

+4.4 pts

Top 5

68.2%

+11.0 pts

Top 10

87.6%

+9.2 pts

HHI

1,125

Diversified+297

Portfolio Trend

21 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2025

Sector	% Portfolio	Value	Positions
Consumer Cyclical	33.7%	$162,544,526	16
Technology	26.1%	$125,874,211	29
Unclassified	17.5%	$84,311,428	2
Real Estate	8.6%	$41,288,867	1
Consumer Defensive	7.0%	$33,893,039	3
Financial Services	3.9%	$18,610,380	4
Healthcare	2.1%	$10,354,379	5
Basic Materials	0.6%	$2,956,265	7
Communication Services	0.5%	$2,485,839	2
Industrials	0.0%	$93,899	4
Energy	0.0%	$29,388	1

Last Quarter's Activity

Export CSV

Mar 31, 2025 vs Dec 31, 2024

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
BEKE	KE Holdings Inc.	+1,461,306	2,055,195	$41,288,867
YMM	Full Truck Alliance Co. Ltd.	+1,448,760	7,735,913	$98,787,609
TAL	TAL Education Group	+384,556	2,491,129	$32,907,814
IBN	Icici Bank Ltd	+178,150	357,350	$11,263,672
PDD	PDD Holdings Inc.	+137,027	610,585	$72,262,734
HSAI	Hesai Group	+97,058	97,493	$1,442,896
CLF	Cleveland-Cliffs Inc.	+66,864	69,483	$571,150
TSLA	Tesla, Inc.	+54,817	183,110	$47,454,787
HDB	Hdfc Bank Ltd	+46,211	168,667	$5,603,117
DOCU	Docusign, Inc.	+20,043	56,985	$4,638,579
CLS	Celestica Inc	+15,598	15,946	$1,256,704
ACMR	ACM Research, Inc.	+15,382	122,428	$2,857,469
FCX	Freeport-Mcmoran Inc	+10,027	12,846	$486,349
MLCO	Melco Resorts & Entertainment LTD	+5,797	95,758	$504,644
DELL	Dell Technologies Inc.	+834	835	$76,110
HWM	Howmet Aerospace Inc.	+71	237	$30,746
GEV	GE Vernova Inc.	+18	109	$33,275
SGML	Sigma Lithium Corp	+12	66,029	$686,701
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
AS	Amer Sports, Inc.	−341,890	114,940	$3,072,346
NOAH	Noah Holdings Ltd	−237,423	63,929	$604,129
FUTU	Futu Holdings Ltd	−142,174	11,133	$1,139,462
RLX	RLX Technology Inc.	−128,113	49,850	$93,718
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−97,970	1,647	$273,402
RDY	Dr Reddys Laboratories Ltd	−96,250	380,625	$5,020,443
LI	Li Auto Inc.	−33,174	98,418	$2,480,133
BSX	Boston Scientific Corp	−25,627	33,170	$3,346,189
ERO	Ero Copper Corp.	−22,319	52,004	$630,288
SN	SharkNinja, Inc.	−13,742	3,413	$284,678
AOSL	ALPHA & OMEGA SEMICONDUCTOR Ltd	−12,430	529	$13,150
TER	Teradyne, Inc	−10,163	27,330	$2,257,458
NVO	Novo Nordisk A S	−6,546	2,692	$186,932
VRTX	Vertex Pharmaceuticals Inc / Ma	−3,928	3,532	$1,712,384
CRDO	Credo Technology Group Holding Ltd	−3,356	269	$10,803
AAPL	Apple Inc.	−1,917	13,500	$2,998,755
AAOI	Applied Optoelectronics, Inc.	−1,208	354	$5,433
NVTS	Navitas Semiconductor Corp	−408	11	$22
BA	Boeing Co	−23	86	$14,667
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
BABA	Alibaba Group Holding Ltd	213,115	$28,180,196
GLD	Spdr Gold Trust	51,590	$14,865,142
VNET	VNET Group, Inc.	724,348	$5,939,653
CYD	China Yuchai International Ltd	199,056	$3,381,961
SNDK	Sandisk Corp	55,175	$2,626,881
META	Meta Platforms, Inc.	2,733	$1,575,191
ADI	Analog Devices Inc	7,200	$1,452,024
INTC	Intel Corp	58,740	$1,333,985
LRCX	Lam Research Corp	18,084	$1,314,706
GOTU	Gaotu Techedu Inc.	274,310	$891,507
ATAT	Atour Lifestyle Holdings Ltd	30,280	$858,438
VIK	Viking Holdings Ltd	14,993	$595,971
SCCO	Southern Copper Corp/	6,032	$544,444
CPRI	Capri Holdings Ltd	26,881	$530,362
BIRK	Birkenstock Holding plc	6,589	$302,105
GAP	Gap Inc	14,478	$298,391
TIL	Instil Bio, Inc.	5,094	$88,431
PSX	Phillips 66	238	$29,388
STX	Seagate Technology Holdings plc	268	$22,766
CENX	Century Aluminum Co	1,026	$19,042
NUE	Nucor Corp	152	$18,291
GE	General Electric Co	76	$15,211
GDS	GDS Holdings Ltd	96	$2,431
QCOM	Qualcomm Inc/De	1	$153
AMAT	Applied Materials Inc /De	1	$145
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
EDU	New Oriental Education & Technology Group Inc.	559,969	$35,938,810
NVDA	Nvidia Corp	223,547	$30,020,126
TCOM	Trip.com Group Ltd	292,919	$20,111,818
MSFT	Microsoft Corp	26,767	$11,282,290
TME	Tencent Music Entertainment Group	421,995	$4,789,643
ABBV	AbbVie Inc.	18,483	$3,284,429
JD	JD.com, Inc.	54,691	$1,896,136
ZTO	ZTO Express (Cayman) Inc.	90,091	$1,761,279
REGN	Regeneron Pharmaceuticals, Inc.	1,908	$1,359,125
DECK	Deckers Outdoor Corp	3,926	$797,331
RCL	Royal Caribbean Cruises Ltd	2,768	$638,549
ANF	Abercrombie & Fitch Co /De/	4,000	$597,880
ASX	ASE Technology Holding Co., Ltd.	55,831	$562,218
APH	Amphenol Corp /De/	7,000	$486,150
TPR	Tapestry, Inc.	4,784	$312,538
CROX	Crocs, Inc.	2,789	$305,479
LITE	Lumentum Holdings Inc.	3,418	$286,941
MAR	Marriott International Inc /Md/	794	$221,478
VSCO	Victoria's Secret & Co.	2,967	$122,893
PONY	Pony AI Inc.	7,500	$107,625
ZG	Zillow Group, Inc.	1,141	$80,839
AVGO	Broadcom Inc.	272	$63,060
RL	Ralph Lauren Corp	226	$52,201
VFC	V F Corp	2,148	$46,096
FORM	Formfactor Inc	981	$43,164
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

29 positions · $125,874,211 total · Technology only · as of Mar 31, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
YMM	Full Truck Alliance Co. Ltd. Technology	Added	7,735,913	+1,448,760	$98,787,609	+45.2%	78.48%
VNET	VNET Group, Inc. Technology	NEW	724,348	NEW	$5,939,653	NEW	4.72%
DOCU	Docusign, Inc. Technology	Added	56,985	+20,043	$4,638,579	+39.6%	3.69%
AAPL	Apple Inc. Technology	Reduced	13,500	-1,917	$2,998,755	−22.3%	2.38%
ACMR	ACM Research, Inc. Technology	Added	122,428	+15,382	$2,857,469	+76.8%	2.27%
SNDK	Sandisk Corp Technology	NEW	55,175	NEW	$2,626,881	NEW	2.09%
TER	Teradyne, Inc Technology	Reduced	27,330	-10,163	$2,257,458	−52.2%	1.79%
ADI	Analog Devices Inc Technology	NEW	7,200	NEW	$1,452,024	NEW	1.15%
INTC	Intel Corp Technology	NEW	58,740	NEW	$1,333,985	NEW	1.06%
LRCX	Lam Research Corp Technology	NEW	18,084	NEW	$1,314,706	NEW	1.04%
CLS	Celestica Inc Technology	Added	15,946	+15,598	$1,256,704	+3812.5%	1.00%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	1,647	-97,970	$273,402	−98.6%	0.22%
DELL	Dell Technologies Inc. Technology	Added	835	+834	$76,110	+66082.6%	0.06%
STX	Seagate Technology Holdings plc Technology	NEW	268	NEW	$22,766	NEW	0.02%
AOSL	ALPHA & OMEGA SEMICONDUCTOR Ltd Technology	Reduced	529	-12,430	$13,150	−97.3%	0.01%
CRDO	Credo Technology Group Holding Ltd Technology	Reduced	269	-3,356	$10,803	−95.6%	0.01%
QRVO	Qorvo, Inc. Technology	Held	79	0	$5,720	+3.5%	0.00%
AAOI	Applied Optoelectronics, Inc. Technology	Reduced	354	-1,208	$5,433	−90.6%	0.00%
GDS	GDS Holdings Ltd Technology	NEW	96	NEW	$2,431	NEW	0.00%
QCOM	Qualcomm Inc/De Technology	NEW	1	NEW	$153	NEW	0.00%
AMAT	Applied Materials Inc /De Technology	NEW	1	NEW	$145	NEW	0.00%
MTSI	MACOM Technology Solutions Holdings, Inc. Technology	Held	1	0	$100	−22.5%	0.00%
RMBS	Rambus Inc Technology	Held	1	0	$51	−1.9%	0.00%
WDC	Western Digital Corp Technology	NEW	1	NEW	$40	NEW	0.00%
KLIC	Kulicke & Soffa Industries Inc Technology	Held	1	0	$32	−30.4%	0.00%
NVTS	Navitas Semiconductor Corp Technology	Reduced	11	-408	$22	−98.5%	0.00%
IONQ	IonQ, Inc. Technology	Held	1	0	$22	−46.3%	0.00%
HIMX	Himax Technologies, Inc. Technology	NEW	1	NEW	$7	NEW	0.00%
AXTI	Axt Inc Technology	Held	1	0	$1	−50.0%	0.00%