Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (39 quarters reported)
$153M in Q4 2016 → $339M now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Pdd Holdings Inc | 35.1% | Added 122% | 1,562,304 | $119M |
| Full Truck Alliance Co Ltd | 24.2% | Added 55% | 10,127,735 | $82.2M |
| Kanzhun Limited | 19.0% | Added 0.6% | 5,007,947 | $64.5M |
| Meta Platforms Inc | 6.8% | New | 41,137 | $23.2M |
| TI Texas Instrs Inc | 3.7% | Trimmed 25% | 34,511 | $12.7M |
| Amazon Com Inc | 2.9% | Trimmed 38% | 40,877 | $9.74M |
| TS Taiwan Semiconductor Mfg Ltd | 2.5% | Added 122% | 17,771 | $8.49M |
| LH Lexinfintech Hldgs Ltd | 2.2% | Unchanged | 3,800,265 | $7.49M |
| Nvidia Corporation | 1.2% | Trimmed 52% | 18,206 | $4.08M |
| KK Kaspi Kz Jsc | 1.2% | New | 46,855 | $4.06M |
| Trip Com Group Ltd | 1.1% | Added 6.0% | 95,211 | $3.79M |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Pdd Holdings Inc | Added | +857,815 | +$65.4M | 35.1% |
| Onto Innovation Inc | Exited | −193,838 | −$39.8M | — |
| Amer Sports Inc | Exited | −1,000,334 | −$32.9M | — |
| Full Truck Alliance Co Ltd | Added | +3,605,355 | +$29.3M | 24.2% |
| Meta Platforms Inc | New | +41,137 | +$23.2M | 6.8% |
| Alphabet Inc | Exited | −64,476 | −$18.5M | — |
| Amazon Com Inc | Trimmed | −24,539 | −$5.85M | 2.9% |
| FH Futu Hldgs Ltd | Exited | −41,607 | −$5.69M | — |
| TS Taiwan Semiconductor Mfg Ltd | Added | +9,762 | +$4.66M | 2.5% |
| Nvidia Corporation | Trimmed | −19,604 | −$4.39M | 1.2% |
Showing the 10 largest of 17 changes.
quarter ended March 31, 2026 · filed May 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Kanzhun Limited | New | +4,980,130 | +$66.7M | 19.7% |
| Amer Sports Inc | Trimmed | −1,808,771 | −$59.5M | 9.7% |
| Full Truck Alliance Co Ltd | New | +6,522,380 | +$54.1M | 16.0% |
| Amazon Com Inc | New | +65,416 | +$13.6M | 4.0% |
| Onto Innovation Inc | Trimmed | −55,609 | −$11.4M | 11.7% |
| Pdd Holdings Inc | Added | +109,315 | +$11.2M | 21.2% |
| Nvidia Corporation | New | +37,810 | +$6.59M | 1.9% |
| FH Futu Hldgs Ltd | New | +41,607 | +$5.69M | 1.7% |
| Trip Com Group Ltd | New | +89,838 | +$4.47M | 1.3% |
| Alphabet Inc | Trimmed | −14,986 | −$4.3M | 5.5% |
Showing the 10 largest of 16 changes.
quarter ended December 31, 2025 · filed February 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Pdd Holdings Inc | New | +595,174 | +$67.5M | 26.5% |
| Amer Sports Inc | Added | +1,748,796 | +$65.3M | 41.2% |
| Li Auto Inc | Exited | −1,781,895 | −$45.2M | — |
| Alphabet Inc | Trimmed | −110,628 | −$34.7M | 9.8% |
| NO New Oriental Ed & Technology | Exited | −244,534 | −$13M | — |
| TI Texas Instrs Inc | New | +36,128 | +$6.27M | 2.5% |
| Onto Innovation Inc | Added | +30,846 | +$4.87M | 15.5% |
| Nvidia Corporation | Exited | −13,414 | −$2.5M | — |
| LH Lexinfintech Hldgs Ltd | Added | +701,943 | +$2.3M | 4.6% |
quarter ended September 30, 2025 · filed November 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Alphabet Inc | New | +190,090 | +$46.3M | 24.7% |
| NO New Oriental Ed & Technology | Trimmed | −771,937 | −$41M | 6.9% |
| Li Auto Inc | Added | +1,496,467 | +$37.9M | 24.1% |
| Full Truck Alliance Co Ltd | Exited | −2,847,336 | −$33.6M | — |
| Onto Innovation Inc | New | +218,601 | +$28.2M | 15.1% |
| Kanzhun Limited | Exited | −936,436 | −$16.7M | — |
| LH Lexinfintech Hldgs Ltd | Added | +2,246,518 | +$12M | 8.2% |
| Amer Sports Inc | Added | +254,467 | +$8.84M | 19.7% |
| Advanced Micro Devices Inc | Exited | −33,665 | −$4.78M | — |
| Nvidia Corporation | New | +13,414 | +$2.5M | 1.3% |
quarter ended June 30, 2025 · filed August 11, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Amer Sports Inc | Trimmed | −2,747,599 | −$106M | 20.3% |
| Li Auto Inc | Trimmed | −1,750,463 | −$47.5M | 5.0% |
| FH Futu Hldgs Ltd | Exited | −173,472 | −$17.8M | — |
| Kanzhun Limited | Trimmed | −889,049 | −$15.9M | 10.9% |
| Tapestry Inc | Exited | −137,541 | −$9.68M | — |
| Alphabet Inc | Exited | −38,738 | −$6.05M | — |
| LH Lexinfintech Hldgs Ltd | New | +653,131 | +$4.71M | 3.1% |
| Advanced Micro Devices Inc | Added | +27,793 | +$3.94M | 3.1% |
| Full Truck Alliance Co Ltd | Trimmed | −170,119 | −$2.01M | 21.9% |
quarter ended March 31, 2025 · filed May 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Kanzhun Limited | Trimmed | −5,474,771 | −$105M | 11.6% |
| Pdd Holdings Inc | Exited | −646,212 | −$62.7M | — |
| Li Auto Inc | Trimmed | −1,472,751 | −$37.1M | 17.0% |
| NO New Oriental Ed & Technology | Added | +665,403 | +$31.8M | 16.1% |
| Full Truck Alliance Co Ltd | Trimmed | −1,176,125 | −$15M | 12.7% |
| Amer Sports Inc | Trimmed | −519,620 | −$13.9M | 31.4% |
| Tapestry Inc | New | +137,541 | +$9.68M | 3.2% |
| Alphabet Inc | New | +38,738 | +$6.05M | 2.0% |
| FH Futu Hldgs Ltd | Trimmed | −8,302 | −$850K | 5.9% |
| Advanced Micro Devices Inc | New | +5,872 | +$603K | 0.2% |
quarter ended December 31, 2024 · filed February 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Pdd Holdings Inc | Added | +490,860 | +$47.6M | 14.1% |
| Trip Com Group Ltd | Exited | −502,045 | −$29.8M | — |
| FH Futu Hldgs Ltd | New | +181,774 | +$14.5M | 3.3% |
| Full Truck Alliance Co Ltd | Added | +954,124 | +$10.3M | 10.2% |
| Kanzhun Limited | Added | +510,745 | +$7.05M | 22.7% |
| Hesai Group | Exited | −1,480,241 | −$6.94M | — |
| H World Group Ltd | Exited | −161,210 | −$6M | — |
| Amer Sports Inc | Added | +196,380 | +$5.49M | 25.7% |
| NO New Oriental Ed & Technology | Trimmed | −27,062 | −$1.74M | 5.1% |
| Li Auto Inc | Added | +24,416 | +$586K | 19.0% |
quarter ended September 30, 2024 · filed November 12, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Trip Com Group Ltd | Trimmed | −516,793 | −$30.7M | 7.6% |
| Li Auto Inc | Trimmed | −783,177 | −$20.1M | 22.9% |
| Amer Sports Inc | Added | +1,017,878 | +$16.2M | 15.8% |
| Full Truck Alliance Co Ltd | Trimmed | −1,045,285 | −$9.42M | 7.5% |
| Zai Lab Ltd | Exited | −436,527 | −$7.57M | — |
| H World Group Ltd | Trimmed | −103,396 | −$3.85M | 1.5% |
| Pdd Holdings Inc | Added | +26,232 | +$3.54M | 5.4% |
| FH Futu Hldgs Ltd | Exited | −32,056 | −$2.1M | — |
| Nvidia Corporation | Exited | −12,210 | −$1.51M | — |
| TS Taiwan Semiconductor Mfg Ltd | Exited | −5,057 | −$879K | — |
Showing the 10 largest of 15 changes.
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