NEW THINKING (HONG KONG) INVESTMENT MANAGEMENT CO. Ltd

CIK

1878581

Location

HONG KONG, K3

Portfolio Value

Micro $20,399,588

Diversification

Highly concentrated

Filing Date

Global Rank

#7,159 / 7,977 ▲ 479

Top Industry

Footwear & Accessories 62.0%

3Y Alpha vs SPY

-31.1%

Period ended 1 year ago

Filed Apr 18, 2025 · 1y

14 quarters · since Jun 2021

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

-27.6%

SPY

+76.5%

Annualised alpha

-31.1%

Max drawdown

−38.7%

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

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

Top Position

62.0%

+11.3 pts

Top 5

100.0%

0.0 pts

Top 10

100.0%

0.0 pts

HHI

4,362

Highly concentrated+575

Portfolio Trend

14 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2025

Sector	% Portfolio	Value	Positions
Consumer Cyclical	72.5%	$14,787,226	2
Communication Services	17.5%	$3,565,362	1
Financial Services	10.0%	$2,047,000	1

Last Quarter's Activity

Export CSV

Mar 31, 2025 vs Dec 31, 2024

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
META	Meta Platforms, Inc.	−1,759	6,186	$3,565,362
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
NKE	NIKE, Inc.	199,294	$12,651,183
BABA	Alibaba Group Holding Ltd	16,154	$2,136,043
FUTU	Futu Holdings Ltd	20,000	$2,047,000
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
PDD	PDD Holdings Inc.	23,793	$2,307,683
GOOGL	Alphabet Inc.	11,699	$2,214,620
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

4 positions · $20,399,588 total · as of Mar 31, 2025

All sectors Communication Services Consumer Cyclical Financial Services

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NKE	NIKE, Inc. Consumer Cyclical	NEW	199,294	NEW	$12,651,183	NEW	62.02%
META	Meta Platforms, Inc. Communication Services	Reduced	6,186	-1,759	$3,565,362	−23.4%	17.48%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	NEW	16,154	NEW	$2,136,043	NEW	10.47%
FUTU	Futu Holdings Ltd Financial Services	NEW	20,000	NEW	$2,047,000	NEW	10.03%