IvyRock Asset Management (HK) Ltd

CIK

1809525

Location

SHEUNG WAN, K3

Portfolio Value

Small $176,591,015

Diversification

Highly concentrated

Filing Date

Global Rank

#4,482 / 8,605 ▼ 19 · as of Mar 2026

Top Industry

Internet Retail 76.5%

3Y Alpha vs SPY

-15.3%

Period ended 3 months ago

Filed May 7, 2026 · 2mo

22 quarters · since Dec 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

+17.0%

SPY

+75.5%

Annualised alpha

-15.3%

Max drawdown

−40.6%

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

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

Top Position

66.3%

+6.6 pts

Top 5

89.5%

+0.2 pts

Top 10

98.4%

−0.1 pts

HHI

4,563

Highly concentrated+741

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	76.1%	$134,319,473	4
Healthcare	9.0%	$15,957,002	6
Financial Services	4.5%	$7,966,735	1
Unclassified	4.4%	$7,683,958	2
Real Estate	3.1%	$5,389,200	1
Communication Services	2.1%	$3,750,293	2
Technology	0.8%	$1,341,654	4
Energy	0.1%	$182,700	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
PDD	PDD Holdings Inc.	+153,900	1,145,409	$117,037,891
HUYA	HUYA Inc.	+62,561	1,047,983	$3,458,343
NTLA	Intellia Therapeutics, Inc.	+500	19,830	$254,220
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
IBIT	iShares Bitcoin Trust ETF	−82,500	166,400	$6,393,088
TSLA	Tesla, Inc.	−12,700	13,600	$5,055,800
ARWR	Arrowhead Pharmaceuticals, Inc.	−1,500	7,000	$438,900
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
CRCL	Circle Internet Group, Inc.	83,500	$7,966,735
BEKE	KE Holdings Inc.	360,000	$5,389,200
AVBP	ArriVent BioPharma, Inc.	16,000	$369,120
JOYY	JOYY Inc.	5,000	$291,950
DHT	DHT Holdings, Inc.	10,000	$182,700
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
GOOGL	Alphabet Inc.	36,700	$11,487,100
ALB	Albemarle Corp	8,700	$1,230,528
SY	So-Young International Inc.	141,000	$360,960
ZLAB	Zai Lab Ltd	14,979	$264,229
OUNZ	VanEck Merk Gold ETF	2,700	$111,996
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

21 positions · $176,591,015 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Energy Financial Services Healthcare Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PDD	PDD Holdings Inc. Consumer Cyclical	Added	1,145,409	+153,900	$117,037,891	+4.1%	66.28%
LEGN	Legend Biotech Corp Healthcare	Held	804,000	0	$14,544,360	−16.8%	8.24%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Held	96,700	0	$12,131,982	−14.4%	6.87%
CRCL	Circle Internet Group, Inc. Financial Services	NEW	83,500	NEW	$7,966,735	NEW	4.51%
IBIT	iShares Bitcoin Trust ETF	Reduced	166,400	-82,500	$6,393,088	−48.3%	3.62%
BEKE	KE Holdings Inc. Real Estate	NEW	360,000	NEW	$5,389,200	NEW	3.05%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	13,600	-12,700	$5,055,800	−57.3%	2.86%
HUYA	HUYA Inc. Communication Services	Added	1,047,983	+62,561	$3,458,343	+21.9%	1.96%
GLD	Spdr Gold Trust	Held	3,000	0	$1,290,870	+8.6%	0.73%
ARWR	Arrowhead Pharmaceuticals, Inc. Healthcare	Reduced	7,000	-1,500	$438,900	−22.2%	0.25%
MSFT	Microsoft Corp Technology	Held	1,000	0	$370,170	−23.5%	0.21%
AVBP	ArriVent BioPharma, Inc. Healthcare	NEW	16,000	NEW	$369,120	NEW	0.21%
CSCO	Cisco Systems, Inc. Technology	Held	4,500	0	$349,155	+0.7%	0.20%
SNPS	Synopsys Inc Technology	Held	800	0	$317,184	−15.6%	0.18%
AMD	Advanced Micro Devices Inc Technology	Held	1,500	0	$305,145	−5.0%	0.17%
JOYY	JOYY Inc. Communication Services	NEW	5,000	NEW	$291,950	NEW	0.17%
NTLA	Intellia Therapeutics, Inc. Healthcare	Added	19,830	+500	$254,220	+46.3%	0.14%
BEAM	Beam Therapeutics Inc. Healthcare	Held	8,600	0	$204,938	−14.0%	0.12%
DHT	DHT Holdings, Inc. Energy	NEW	10,000	NEW	$182,700	NEW	0.10%
PRME	Prime Medicine, Inc. Healthcare	Held	41,800	0	$145,464	+0.3%	0.08%
RERE	ATRenew Inc. Consumer Cyclical	Held	20,000	0	$93,800	−11.5%	0.05%