Skip to content
Disclosery

Aspex Management (HK) Ltd

Follow

13F filer, CIK 1768375, CENTRAL, Hong Kong

Aspex Management (HK) Ltd reported $6,899,369,000 across 29 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 78.09% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001768375-26-000004

Period
2026-03-31
Reported value
$6.9B
Holdings
29
Top 10 weight
78.09%
New
6
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CVNAnew+1,819,090$572M
CRWVnew+7,097,527$550M
NVDAadded+2,300,597$401M
MKSInew+1,538,789$354M
GLWnew+2,544,734$346M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
PDDexited-3,109,525-$353M
LITEreduced-478,017-$336M
TERreduced-525,768-$156M
EDUreduced-492,320-$27.9M
YMMreduced-1,972,599-$16.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001768375-26-000004, largest first. % of portfolio is the value over $6,897,090,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SNPSSYNOPSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 313,531 shares; 2025Q2: 645,895 shares; 2025Q3: 1,517,582 shares; 2025Q4: 2,126,089 shares; 2026Q1: 2,670,532 shares 2,670,532$1.06B15.35%+544,443Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,537,119 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,873,869 shares; 2026Q1: 5,174,466 shares 5,174,466$902M13.08%+2,300,597Timeline
FUTUFUTU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 4,553,023 shares; 2024Q4: 2,885,929 shares; 2025Q1: 2,802,225 shares; 2025Q2: 3,393,307 shares; 2025Q3: 2,451,873 shares; 2025Q4: 3,371,597 shares; 2026Q1: 4,572,746 shares 4,572,746$625M9.07%+1,201,149Timeline
CVNACARVANA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,819,090 shares 1,819,090$572M8.29%newTimeline
CRWVCOREWEAVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 7,097,527 shares 7,097,527$550M7.97%newTimeline
SESEA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 4,956,482 shares; 2024Q4: 4,895,815 shares; 2025Q1: 5,848,206 shares; 2025Q2: 5,180,898 shares; 2025Q3: 4,291,369 shares; 2025Q4: 3,373,016 shares; 2026Q1: 4,870,097 shares 4,870,097$403M5.85%+1,497,081Timeline
MKSIMKS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,538,789 shares 1,538,789$354M5.13%newTimeline
GLWCORNING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 2,544,734 shares 2,544,734$346M5.02%newTimeline
CPNGCOUPANG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 16,037,845 shares 16,037,845$303M4.39%newTimeline
ASAMER SPORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 5,935,091 shares; 2025Q4: 7,593,627 shares; 2026Q1: 8,268,605 shares 8,268,605$272M3.95%+674,978Timeline
EDUNEW ORIENTAL ED & TECHNOLOGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 4,753,340 shares; 2024Q4: 7,454,906 shares; 2025Q1: 5,874,472 shares; 2025Q2: 6,981,188 shares; 2025Q3: 5,879,363 shares; 2025Q4: 5,024,985 shares; 2026Q1: 4,532,665 shares 4,532,665$257M3.72%-492,320Timeline
GRABGRAB HOLDINGS LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 28,384,511 shares; 2025Q4: 55,864,875 shares; 2026Q1: 59,304,024 shares 59,304,024$217M3.15%+3,439,149Timeline
YMMFULL TRUCK ALLIANCE CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 15,208,627 shares; 2025Q1: 15,208,627 shares; 2025Q2: 22,455,623 shares; 2025Q3: 23,763,953 shares; 2025Q4: 23,763,953 shares; 2026Q1: 21,791,354 shares 21,791,354$181M2.62%-1,972,599Timeline
TERTERADYNE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,387,433 shares; 2024Q4: 3,234,842 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,031,838 shares; 2026Q1: 506,070 shares 506,070$150M2.18%-525,768Timeline
LITELUMENTUM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 681,959 shares; 2026Q1: 203,942 shares 203,942$143M2.08%-478,017Timeline
ATATATOUR LIFESTYLE HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 4,510,636 shares; 2024Q4: 4,510,636 shares; 2025Q1: 4,510,636 shares; 2025Q2: 5,314,881 shares; 2025Q3: 4,428,783 shares; 2025Q4: 3,557,795 shares; 2026Q1: 3,552,677 shares 3,552,677$131M1.9%-5,118Timeline
TCOMTRIP COM GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,169,975 shares; 2024Q4: 1,872,533 shares; 2025Q1: 1,491,643 shares; 2025Q2: 1,491,643 shares; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 2,329,290 shares 2,329,290$116M1.68%newTimeline
QFINQFIN HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 5,723,720 shares; 2024Q4: 6,371,808 shares; 2025Q1: 5,065,054 shares; 2025Q2: 6,612,366 shares; 2025Q3: 6,516,734 shares; 2025Q4: 6,422,510 shares; 2026Q1: 6,422,510 shares 6,422,510$82.9M1.2%0Timeline
NIONIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 35,000,000 shares; 2025Q4: 13,141,609 shares; 2026Q1: 13,141,609 shares 13,141,609$79.2M1.15%0Timeline
H WORLD GROUP LTDH WORLD GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 50,000,000 shares; 2024Q4: 50,000,000 shares; 2025Q1: 50,000,000 shares; 2025Q2: 50,000,000 shares; 2025Q3: 50,000,000 shares; 2025Q4: 50,000,000 shares; 2026Q1: 50,000,000 shares 50,000,000$67.4M0.98%0
PONYPONY AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,375,666 shares; 2025Q1: 2,375,666 shares; 2025Q2: 500,000 shares; 2025Q3: 4,140,447 shares; 2025Q4: 4,140,447 shares; 2026Q1: 4,140,447 shares 4,140,447$39.1M0.57%0Timeline
RLXRLX TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 12,123,409 shares; 2024Q4: 12,123,409 shares; 2025Q1: 12,123,409 shares; 2025Q2: 12,123,409 shares; 2025Q3: 7,901,172 shares; 2025Q4: 7,901,172 shares; 2026Q1: 7,901,172 shares 7,901,172$17.4M0.25%0Timeline
NTESNETEASE COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 147,655 shares; 2025Q1: 147,655 shares; 2025Q2: 147,655 shares; 2025Q3: 147,655 shares; 2025Q4: 147,655 shares; 2026Q1: 147,655 shares 147,655$16.5M0.24%0Timeline
LANVLANVIN GROUP HOLDINGS LIMITEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 4,500,000 shares; 2024Q4: 4,500,000 shares; 2025Q1: 4,500,000 shares; 2025Q2: 4,500,000 shares; 2025Q3: 4,500,000 shares; 2025Q4: 4,500,000 shares; 2026Q1: 4,500,000 shares 4,500,000$6.79M0.1%0Timeline
PREPRENETICS GLOBAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 346,150 shares; 2024Q4: 346,150 shares; 2025Q1: 346,150 shares; 2025Q2: 346,150 shares; 2025Q3: 346,150 shares; 2025Q4: 346,150 shares; 2026Q1: 346,150 shares 346,150$6.69M0.1%0Timeline
RBOTVICARIOUS SURGICAL INC CL AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 86,666 shares; 2024Q4: 86,666 shares; 2025Q1: 86,666 shares; 2025Q2: 86,666 shares; 2025Q3: 86,666 shares; 2025Q4: 86,666 shares; 2026Q1: 86,666 shares 86,666$62K<0.01%0Timeline
PRENWPRENETICS GLOBAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,166,666 shares; 2024Q4: 1,166,666 shares; 2025Q1: 1,166,666 shares; 2025Q2: 1,166,666 shares; 2025Q3: 1,166,666 shares; 2025Q4: 1,166,666 shares; 2026Q1: 1,166,666 shares 1,166,666$21K<0.01%0Timeline
LANVIN GROUP HOLDINGS LIMITELANVIN GROUP HOLDINGS LIMITEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,000,000 shares; 2024Q4: 1,000,000 shares; 2025Q1: 1,000,000 shares; 2025Q2: 1,000,000 shares; 2025Q3: 1,000,000 shares; 2025Q4: 1,000,000 shares; 2026Q1: 1,000,000 shares 1,000,000$11K<0.01%0

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
GRAB HOLDINGS LIMITEDGRAB HOLDINGS LIMITED CALLcall29,482,900$2.28M0

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
PDDPDD HOLDINGS INC3,109,525$353Mshares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001768375-26-000004 base2026-05-15acceptance time not in the bulk data set