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Hel Ved Capital Management Ltd

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13F filer, CIK 1840129, CENTRAL, Hong Kong

Hel Ved Capital Management Ltd reported $372,104,036 across 52 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 50.76% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001840129-26-000005

Period
2025-12-31
Reported value
$372M
Holdings
52
Top 10 weight
50.76%
New
25
Sold out
49

Largest buys vs the previous quarter

SecurityShares changeApprox. value
LITEnew+91,388$33.7M
COHRadded+95,410$17.6M
TSLAadded+28,627$12.9M
SOLSnew+244,360$11.9M
LGNnew+255,750$11M

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
EDUexited-206,200-$10.9M
KEYSreduced-30,882-$6.27M
NTESexited-35,200-$5.35M
DQexited-186,547-$5.25M
Vexited-14,815-$5.06M

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 0001840129-26-000005, largest first. % of portfolio is the value over $289,332,321, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
LITELUMENTUM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 226,640 shares; 2025Q1: 95,690 shares; 2025Q2: 255,390 shares; 2025Q3: not reported; 2025Q4: 91,388 shares 91,388$33.7M11.64%newTimeline
COHRCOHERENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 8,400 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,700 shares; 2025Q4: 100,110 shares 100,110$18.5M6.39%+95,410Timeline
CIENCIENA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 48,100 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 29,940 shares; 2025Q4: 70,085 shares 70,085$16.4M5.67%+40,145Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,400 shares; 2024Q4: 10,304 shares; 2025Q1: 4,204 shares; 2025Q2: 3,147 shares; 2025Q3: 2,845 shares; 2025Q4: 31,472 shares 31,472$14.2M4.89%+28,627Timeline
PRIMPRIMORIS SVCS CORPQuarterly 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: 44,800 shares; 2025Q4: 95,775 shares 95,775$11.9M4.11%+50,975Timeline
SOLSSOLSTICE ADVANCED MATLS 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: not reported; 2025Q4: 244,360 shares 244,360$11.9M4.1%newTimeline
PONYPONY AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,005,000 shares; 2025Q1: 715,913 shares; 2025Q2: 495,979 shares; 2025Q3: 527,979 shares; 2025Q4: 778,879 shares 778,879$11.3M3.9%+250,900Timeline
LGNLEGENCE CORPQuarterly 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: 255,750 shares 255,750$11M3.8%newTimeline
SNDKSANDISK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 76,300 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 39,855 shares 39,855$9.46M3.27%newTimeline
AGXARGAN 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: 17,055 shares; 2025Q4: 27,517 shares 27,517$8.62M2.98%+10,462Timeline
PWRQUANTA SVCS 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: not reported; 2025Q4: 19,966 shares 19,966$8.43M2.91%newTimeline
AMATAPPLIED MATLS 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: not reported; 2025Q4: 32,245 shares 32,245$8.29M2.86%newTimeline
ENTGENTEGRIS 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: 46,060 shares; 2025Q4: 89,760 shares 89,760$7.56M2.61%+43,700Timeline
SHLSSHOALS TECHNOLOGIES GROUP INQuarterly 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: 807,050 shares 807,050$6.86M2.37%newTimeline
BIDUBAIDU 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: not reported; 2025Q4: 49,530 shares 49,530$6.47M2.24%newTimeline
NXTNEXTPOWER 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: 75,085 shares; 2025Q4: 71,195 shares 71,195$6.2M2.14%-3,890Timeline
PSIXPOWER SOLUTIONS INTL 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: 68,720 shares; 2025Q4: 108,126 shares 108,126$6.18M2.14%+39,406Timeline
PIIMPINJ 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: 30,050 shares; 2025Q4: 31,825 shares 31,825$5.54M1.91%+1,775Timeline
MTZMASTEC 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: not reported; 2025Q4: 24,225 shares 24,225$5.27M1.82%newTimeline
FSLRFIRST SOLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 12,450 shares; 2025Q1: not reported; 2025Q2: 9,100 shares; 2025Q3: 20,987 shares; 2025Q4: 19,087 shares 19,087$4.99M1.72%-1,900Timeline
CATCATERPILLAR 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: not reported; 2025Q4: 8,495 shares 8,495$4.87M1.68%newTimeline
UUNITY SOFTWARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 17,400 shares; 2025Q2: 52,600 shares; 2025Q3: 108,780 shares; 2025Q4: 109,522 shares 109,522$4.84M1.67%+742Timeline
LRCXLAM RESEARCH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 133,700 shares; 2025Q2: 28,450 shares; 2025Q3: not reported; 2025Q4: 27,274 shares 27,274$4.67M1.61%newTimeline
PDDPDD 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: not reported; 2025Q2: 56,537 shares; 2025Q3: 38,437 shares; 2025Q4: 38,637 shares 38,637$4.38M1.51%+200Timeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 150,700 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 14,714 shares 14,714$4.2M1.45%newTimeline
VNETVNET GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 413,500 shares; 2025Q2: not reported; 2025Q3: 444,900 shares; 2025Q4: 444,000 shares 444,000$3.76M1.3%-900Timeline
MYRGMYR GROUP 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: not reported; 2025Q4: 16,135 shares 16,135$3.53M1.22%newTimeline
SHOPSHOPIFY 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: 11,900 shares; 2025Q4: 20,285 shares 20,285$3.27M1.13%+8,385Timeline
TERTERADYNE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,356 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 18,605 shares; 2025Q4: 15,700 shares 15,700$3.04M1.05%-2,905Timeline
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: 5,000 shares; 2025Q3: 11,333 shares; 2025Q4: 6,460 shares 6,460$3.03M1.05%-4,873Timeline
CHRWC H ROBINSON WORLDWIDE INQuarterly 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: 18,730 shares 18,730$3.01M1.04%newTimeline
EMEEMCOR GROUP 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: not reported; 2025Q4: 4,825 shares 4,825$2.95M1.02%newTimeline
SNOWSNOWFLAKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,800 shares; 2024Q4: 7,965 shares; 2025Q1: 11,580 shares; 2025Q2: 7,180 shares; 2025Q3: 13,840 shares; 2025Q4: 12,825 shares 12,825$2.81M0.97%-1,015Timeline
RIOTRIOT PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 431,350 shares; 2025Q1: 460,150 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 214,020 shares 214,020$2.71M0.94%newTimeline
EHEHANG 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: 61,000 shares; 2025Q2: 245,431 shares; 2025Q3: 198,031 shares; 2025Q4: 198,031 shares 198,031$2.61M0.9%0Timeline
TTWOTAKE-TWO INTERACTIVE SOFTWARQuarterly 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: 8,650 shares; 2025Q3: 8,650 shares; 2025Q4: 9,700 shares 9,700$2.48M0.86%+1,050Timeline
TTMITTM TECHNOLOGIES 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: 195,050 shares; 2025Q3: not reported; 2025Q4: 34,500 shares 34,500$2.38M0.82%newTimeline
ECGEVERUS CONSTR GROUPQuarterly 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: 26,360 shares 26,360$2.26M0.78%newTimeline
FRMIFERMI 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: not reported; 2025Q4: 272,800 shares 272,800$2.18M0.75%newTimeline
ESTCELASTIC N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,140 shares; 2024Q4: 37,160 shares; 2025Q1: 20,160 shares; 2025Q2: 4,710 shares; 2025Q3: 15,862 shares; 2025Q4: 23,562 shares 23,562$1.78M0.61%+7,700Timeline
FLNCFLUENCE ENERGY 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: not reported; 2025Q4: 87,700 shares 87,700$1.73M0.6%newTimeline
ALGMALLEGRO MICROSYSTEMS 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: not reported; 2025Q4: 62,850 shares 62,850$1.66M0.57%newTimeline
BEBLOOM ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 424,400 shares; 2024Q4: 212,930 shares; 2025Q1: 98,400 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 15,850 shares 15,850$1.38M0.48%newTimeline
KEYSKEYSIGHT TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 116,950 shares; 2025Q1: 62,830 shares; 2025Q2: 22,800 shares; 2025Q3: 37,200 shares; 2025Q4: 6,318 shares 6,318$1.28M0.44%-30,882Timeline
FROGJFROG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 73,410 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 11,300 shares; 2025Q4: 20,400 shares 20,400$1.27M0.44%+9,100Timeline
HSDTSOLANA COQuarterly 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: 435,983 shares; 2025Q4: 435,983 shares 435,983$1.26M0.44%0Timeline
DDOGDATADOG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,425 shares; 2024Q4: 25,575 shares; 2025Q1: 15,820 shares; 2025Q2: 31,230 shares; 2025Q3: 22,130 shares; 2025Q4: 8,850 shares 8,850$1.2M0.42%-13,280Timeline
MNDYMONDAY COM LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 30,585 shares; 2025Q1: 12,120 shares; 2025Q2: 6,680 shares; 2025Q3: 10,265 shares; 2025Q4: 8,105 shares 8,105$1.2M0.41%-2,160Timeline
SBETSHARPLINK 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: not reported; 2025Q4: 108,100 shares 108,100$966K0.33%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
SMHVANECK ETF TRUST COMput101,500$36.6Mnew
MUMICRON TECHNOLOGY INC COMcall106,000$30.3M-14,200
TSLATESLA INC COMcall35,500$16Mnew

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
SNDKSANDISK CORP899,600$101Mcall
LITELUMENTUM HLDGS INC194,300$31.6Mcall
CRWVCOREWEAVE INC162,000$22.2Mcall
ORCLORACLE CORP78,500$22.1Mcall
AMBAAMBARELLA INC223,500$18.4Mcall
NIONIO INC2,303,300$17.6Mcall
RDDTREDDIT INC69,300$15.9Mcall
QQQINVESCO QQQ TR20,000$12Mput
EDUNEW ORIENTAL ED & TECHNOLOGY206,200$10.9Mshares
UUNITY SOFTWARE INC250,000$10Mcall
QSQUANTUMSCAPE CORP807,600$9.95Mcall
QSQUANTUMSCAPE CORP554,600$6.83Mput
NTESNETEASE COM INC35,200$5.35Mshares
DQDAQO NEW ENERGY CORP186,547$5.25Mshares
VVISA INC14,815$5.06Mshares
IQIQIYI INC1,513,800$3.88Mshares
RDDTREDDIT INC15,925$3.66Mshares
SEISOLARIS ENERGY INFRAS INC91,600$3.66Mshares
GDSGDS HLDGS LTD84,400$3.27Mshares
TEAMATLASSIAN CORPORATION17,635$2.82Mshares
FLEXFLEX LTD46,550$2.7Mshares
DUOLDUOLINGO INC8,277$2.66Mshares
NIONIO INC339,300$2.59Mshares
IWMISHARES TR10,000$2.42Mput
VRNSVARONIS SYS INC35,170$2.02Mshares
MDBMONGODB INC6,000$1.86Mshares
RBLXROBLOX CORP12,400$1.72Mshares
TMETENCENT MUSIC ENTMT GROUP72,200$1.69Mshares
SPOTSPOTIFY TECHNOLOGY S A2,310$1.61Mshares
EMREMERSON ELEC CO11,020$1.45Mshares
JOYYJOYY INC24,100$1.41Mshares
TWLOTWILIO INC13,350$1.34Mshares
POWLPOWELL INDS INC4,200$1.28Mshares
PCORPROCORE TECHNOLOGIES INC17,430$1.27Mshares
MIRMIRION TECHNOLOGIES INC49,800$1.16Mshares
TCOMTRIP COM GROUP LTD13,700$1.03Mshares
ATATATOUR LIFESTYLE HLDGS LTD26,100$981Kshares
HUYAHUYA INC268,547$894Kshares
APPAPPLOVIN CORP1,238$890Kshares
WIXWIX COM LTD4,520$803Kshares
LULUFAX HOLDING LTD185,339$752Kshares
ARKFARK ETF TR12,500$710Kput
NETCLOUDFLARE INC2,570$551Kshares
ZZILLOW GROUP INC7,050$543Kshares
OKTAOKTA INC5,760$528Kshares
COURCOURSERA INC44,800$525Kshares
XYZBLOCK INC6,055$438Kshares
GTLBGITLAB INC8,900$401Kshares
REREATRENEW INC50,000$230Kshares

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 0001840129-26-000005 base2026-02-13acceptance time not in the bulk data set