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BRIGHT VALLEY CAPITAL Ltd

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13F filer, CIK 1965546, HONG KONG, Hong Kong

BRIGHT VALLEY CAPITAL Ltd reported $269,159,852 across 15 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-12. Its ten largest share positions make up 97.54% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001965546-26-000002

Period
2025-12-31
Reported value
$269M
Holdings
15
Top 10 weight
97.54%
New
7
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
EDUnew+525,961$28.9M
ATATadded+405,500$16M
PDDnew+72,600$8.23M
JOYYadded+83,700$5.42M
VIPSnew+295,789$5.23M

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
YMMreduced-1,816,124-$19.5M
HTHTreduced-257,000-$12.1M
LXreduced-3,183,692-$10.4M
SIIexited-25,000-$2.08M
FINVexited-20,080-$148K

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, Q4 2025

Share positions as resolved from 13F-HR 0001965546-26-000002, largest first. % of portfolio is the value over $147,452,852, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
EDUNEW ORIENTAL ED & TECHNOLOGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,058,000 shares; 2025Q2: 239,885 shares; 2025Q3: not reported; 2025Q4: 525,961 shares 525,961$28.9M19.63%newTimeline
HTHTH WORLD GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 22,000 shares; 2025Q2: not reported; 2025Q3: 793,000 shares; 2025Q4: 536,000 shares 536,000$25.2M17.1%-257,000Timeline
ATATATOUR LIFESTYLE HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 300,000 shares; 2025Q2: 92,000 shares; 2025Q3: 192,000 shares; 2025Q4: 597,500 shares 597,500$23.5M15.97%+405,500Timeline
JOYYJOYY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 256,631 shares; 2024Q4: 376,000 shares; 2025Q1: 1,312,841 shares; 2025Q2: 985,090 shares; 2025Q3: 255,000 shares; 2025Q4: 338,700 shares 338,700$21.9M14.88%+83,700Timeline
INTCINTEL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,400 shares; 2024Q4: not reported; 2025Q1: 690,200 shares; 2025Q2: 190,000 shares; 2025Q3: 192,000 shares; 2025Q4: 291,000 shares 291,000$10.7M7.28%+99,000Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 103,500 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 72,600 shares 72,600$8.23M5.58%newTimeline
YMMFULL TRUCK ALLIANCE CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,572,000 shares; 2025Q4: 755,876 shares 755,876$8.11M5.5%-1,816,124Timeline
DOYUDOUYU INTL HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,285,233 shares; 2024Q4: 1,576,000 shares; 2025Q1: 1,098,488 shares; 2025Q2: 1,107,389 shares; 2025Q3: 1,107,389 shares; 2025Q4: 1,107,389 shares 1,107,389$7.53M5.11%0Timeline
VIPSVIPSHOP HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,220,000 shares; 2024Q4: 210,000 shares; 2025Q1: 4,000 shares; 2025Q2: 17,400 shares; 2025Q3: not reported; 2025Q4: 295,789 shares 295,789$5.23M3.55%newTimeline
QFINQFIN HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,000 shares; 2025Q2: not reported; 2025Q3: 135,000 shares; 2025Q4: 225,500 shares 225,500$4.35M2.95%+90,500Timeline
FUTUFUTU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 13,400 shares 13,400$2.2M1.49%newTimeline
LXLEXINFINTECH HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,990,000 shares; 2025Q1: 5,305,208 shares; 2025Q2: 3,586,724 shares; 2025Q3: 3,578,390 shares; 2025Q4: 394,698 shares 394,698$1.29M0.88%-3,183,692Timeline
MOMOHELLO GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,270,201 shares; 2024Q4: 4,651,790 shares; 2025Q1: 6,612 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 20,600 shares 20,600$135K0.09%newTimeline

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
INTCINTEL CORP COMcall2,525,000$93.2Mnew
NVDANVIDIA CORPORATION COMput153,000$28.5Mnew

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
NVIDIA CORPORATIONNVIDIA CORPORATION153,000$28.5Mput
BIDUBAIDU INC105,000$13.8Mcall
SIISPROTT INC25,000$2.08Mshares
FINVFINVOLUTION GROUP20,080$148Kshares
HUYAHUYA INC1,700$5.66Kshares

How Q4 2025 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 0001965546-26-000002 base2026-02-12acceptance time not in the bulk data set