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HCEP Management Ltd

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13F filer, CIK 1822015, HONG KONG, Hong Kong

HCEP Management Ltd reported $122,581,093 across 4 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001822015-26-000002

Period
2025-12-31
Reported value
$123M
Holdings
4
Top 10 weight
100%
New
1
Sold out
7

Largest buys vs the previous quarter

SecurityShares changeApprox. value
UVXYnew+555,426$20M

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
TALexited-991,024-$11.1M
QFINexited-352,013-$10.1M
BABAreduced-68,425-$10M
LXexited-1,711,539-$9.12M
BIDUexited-42,272-$5.57M

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 0001822015-26-000002, largest first. % of portfolio is the value over $122,581,093, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 433,147 shares; 2025Q2: 564,376 shares; 2025Q3: 551,128 shares; 2025Q4: 482,703 shares 482,703$70.8M57.72%-68,425Timeline
UVXYPROSHARES TR IIQuarterly 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: 555,426 shares 555,426$20M16.28%newTimeline
MNSOMINISO GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,700,000 shares; 2025Q1: 1,274,750 shares; 2025Q2: 974,951 shares; 2025Q3: 998,251 shares; 2025Q4: 991,297 shares 991,297$18.6M15.16%-6,954Timeline
SNPSSYNOPSYS INCQuarterly 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: 28,279 shares; 2025Q4: 28,279 shares 28,279$13.3M10.84%0Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
TALTAL ED GROUP991,024$11.1Mshares
QFINQFIN HOLDINGS INC352,013$10.1Mshares
LXLEXINFINTECH HLDGS LTD1,711,539$9.12Mshares
BIDUBAIDU INC42,272$5.57Mshares
APIAGORA INC622,770$2.38Mshares
SYSO YOUNG INTERNATIONAL INC490,702$1.9Mshares
TCOMTRIP COM GROUP LTD13,300$1Mshares

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 0001822015-26-000002 base2026-02-13acceptance time not in the bulk data set