SPRINGS CAPITAL (HONG KONG) Ltd

CIK

1911536

Location

HONG KONG, K3

Portfolio Value

Micro $60,263,602

Diversification

Highly concentrated

Filing Date

Global Rank

#4,949 / 6,692 ▲ 204 · as of Sep 2022

Top Industry

Solar 63.8%

3Y Alpha vs SPY

-32.3%

Period ended 3 years ago

Filed Nov 14, 2022 · 3y

4 quarters · since Dec 2021

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

-31.8%

SPY

+75.2%

Annualised alpha

-32.5%

Max drawdown

−40.9%

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

12 positions · as of Sep 30, 2022 · Δ vs Jun 30, 2022

Top Position

63.8%

−7.2 pts

Top 5

93.0%

+0.5 pts

Top 10

99.1%

−0.9 pts

HHI

4,447

Highly concentrated−753

Portfolio Trend

4 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2022

Sector	% Portfolio	Value	Positions
Technology	66.7%	$40,178,018	4
Real Estate	17.2%	$10,358,892	1
Consumer Cyclical	12.7%	$7,668,292	5
Communication Services	1.8%	$1,097,200	1
Industrials	1.6%	$961,200	1

Last Quarter's Activity

Export CSV

Sep 30, 2022 vs Jun 30, 2022

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
BEKE	KE Holdings Inc.	+400,000	591,261	$10,358,892
JKS	JinkoSolar Holding Co., Ltd.	+142,093	694,469	$38,466,637
PDD	PDD Holdings Inc.	+11,500	23,000	$1,439,340
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
GRAB	Grab Holdings Ltd	−140,000	160,088	$421,031
BZ	Kanzhun Ltd	−10,000	65,000	$1,097,200
SE	Sea Ltd	−5,000	12,000	$672,600
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
MSFT	Microsoft Corp	3,500	$815,150
AMZN	Amazon Com Inc	6,500	$734,500
AMD	Advanced Micro Devices Inc	7,500	$475,200
LULU	lululemon athletica inc.	500	$139,780
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
TSM	Taiwan Semiconductor Manufacturing Co Ltd	16,000	$1,308,000
TUYA	Tuya Inc.	135,784	$355,754
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

12 positions · $60,263,602 total · as of Sep 30, 2022

All sectors Communication Services Consumer Cyclical Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
JKS	JinkoSolar Holding Co., Ltd. Technology	Added	694,469	+142,093	$38,466,637	+0.7%	63.83%
BEKE	KE Holdings Inc. Real Estate	Added	591,261	+400,000	$10,358,892	+201.7%	17.19%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	Held	98,924	0	$4,682,072	−2.4%	7.77%
PDD	PDD Holdings Inc. Consumer Cyclical	Added	23,000	+11,500	$1,439,340	+102.5%	2.39%
BZ	Kanzhun Ltd Communication Services	Reduced	65,000	-10,000	$1,097,200	−44.3%	1.82%
ZTO	ZTO Express (Cayman) Inc. Industrials	Held	40,000	0	$961,200	−12.5%	1.59%
MSFT	Microsoft Corp Technology	NEW	3,500	NEW	$815,150	NEW	1.35%
AMZN	Amazon Com Inc Consumer Cyclical	NEW	6,500	NEW	$734,500	NEW	1.22%
SE	Sea Ltd Consumer Cyclical	Reduced	12,000	-5,000	$672,600	−40.8%	1.12%
AMD	Advanced Micro Devices Inc Technology	NEW	7,500	NEW	$475,200	NEW	0.79%
GRAB	Grab Holdings Ltd Technology	Reduced	160,088	-140,000	$421,031	−44.5%	0.70%
LULU	lululemon athletica inc. Consumer Cyclical	NEW	500	NEW	$139,780	NEW	0.23%