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KADENSA CAPITAL Ltd

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13F filer, CIK 1720980, CENTRAL, Hong Kong

KADENSA CAPITAL Ltd reported $963,021,233 across 43 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 49.22% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000905148-26-000782

Period
2025-12-31
Reported value
$963M
Holdings
43
Top 10 weight
49.22%
New
5
Sold out
11

Largest buys vs the previous quarter

SecurityShares changeApprox. value
NVDAadded+248,948$46.4M
HOODnew+191,912$21.7M
FLEXnew+357,455$21.6M
TTMInew+197,943$13.7M
PWRadded+27,269$11.5M

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
VIKreduced-424,869-$30.3M
LITEreduced-70,778-$26.1M
LRNexited-157,101-$23.4M
FNexited-44,284-$16.1M
GLDexited-45,234-$16.1M

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 0000905148-26-000782, largest first. % of portfolio is the value over $963,021,233, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 217,393 shares; 2024Q4: 70,756 shares; 2025Q1: 55,579 shares; 2025Q2: 102,087 shares; 2025Q3: 273,210 shares; 2025Q4: 522,158 shares 522,158$97.4M10.11%+248,948Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,270 shares; 2024Q4: not reported; 2025Q1: 51,529 shares; 2025Q2: 58,007 shares; 2025Q3: 111,917 shares; 2025Q4: 134,868 shares 134,868$60.7M6.3%+22,951Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly 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: 32,680 shares; 2025Q3: 169,353 shares; 2025Q4: 197,568 shares 197,568$60M6.23%+28,215Timeline
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: 456,864 shares; 2025Q2: 504,822 shares; 2025Q3: 359,919 shares; 2025Q4: 370,388 shares 370,388$54.3M5.64%+10,469Timeline
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 61,627 shares; 2025Q1: 95,825 shares; 2025Q2: 178,095 shares; 2025Q3: 173,478 shares; 2025Q4: 158,078 shares 158,078$48.7M5.06%-15,400Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,590 shares; 2024Q4: not reported; 2025Q1: 185,293 shares; 2025Q2: 72,654 shares; 2025Q3: 98,432 shares; 2025Q4: 129,743 shares 129,743$44.9M4.66%+31,311Timeline
PWRQUANTA SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,693 shares; 2024Q4: 20,750 shares; 2025Q1: 43,645 shares; 2025Q2: not reported; 2025Q3: 51,632 shares; 2025Q4: 78,901 shares 78,901$33.3M3.46%+27,269Timeline
JCIJOHNSON CONTROLS INTERNATIONQuarterly 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: 156,677 shares; 2025Q3: 255,411 shares; 2025Q4: 218,547 shares 218,547$26.2M2.72%-36,864Timeline
HIIHUNTINGTON INGALLS INDS 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: 97,804 shares; 2025Q4: 74,005 shares 74,005$25.2M2.61%-23,799Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,753 shares; 2024Q4: 108,268 shares; 2025Q1: 114,393 shares; 2025Q2: not reported; 2025Q3: 41,634 shares; 2025Q4: 48,468 shares 48,468$23.4M2.43%+6,834Timeline
GEVGE VERNOVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 23,772 shares; 2025Q2: not reported; 2025Q3: 21,167 shares; 2025Q4: 35,654 shares 35,654$23.3M2.42%+14,487Timeline
PLTRPALANTIR TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,516 shares; 2025Q1: 286,756 shares; 2025Q2: not reported; 2025Q3: 107,129 shares; 2025Q4: 130,946 shares 130,946$23.3M2.42%+23,817Timeline
UPSTUPSTART HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 412,171 shares; 2025Q2: 294,031 shares; 2025Q3: 455,150 shares; 2025Q4: 520,986 shares 520,986$22.8M2.37%+65,836Timeline
ORCLORACLE 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: 4,533 shares; 2025Q3: 92,736 shares; 2025Q4: 114,853 shares 114,853$22.4M2.32%+22,117Timeline
AXONAXON ENTERPRISE 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: 16,919 shares; 2025Q3: 28,072 shares; 2025Q4: 39,182 shares 39,182$22.3M2.31%+11,110Timeline
RBLXROBLOX 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: 149,166 shares; 2025Q4: 273,118 shares 273,118$22.1M2.3%+123,952Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,538 shares; 2025Q1: 24,680 shares; 2025Q2: 2,497 shares; 2025Q3: 18,002 shares; 2025Q4: 33,379 shares 33,379$22M2.29%+15,377Timeline
HOODROBINHOOD MKTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,844,923 shares; 2024Q4: 1,113,727 shares; 2025Q1: 505,814 shares; 2025Q2: 80,965 shares; 2025Q3: not reported; 2025Q4: 191,912 shares 191,912$21.7M2.25%newTimeline
FLEXFLEX LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 433,426 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 357,455 shares 357,455$21.6M2.24%newTimeline
TEMTEMPUS AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 458,745 shares; 2025Q2: 302,663 shares; 2025Q3: 288,035 shares; 2025Q4: 364,946 shares 364,946$21.6M2.24%+76,911Timeline
ALABASTERA LABS 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: 122,609 shares; 2025Q4: 123,057 shares 123,057$20.5M2.13%+448Timeline
WMWASTE MGMT INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 44,980 shares; 2025Q1: 43,909 shares; 2025Q2: 11,909 shares; 2025Q3: 73,281 shares; 2025Q4: 92,672 shares 92,672$20.4M2.11%+19,391Timeline
HWMHOWMET AEROSPACE 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: 39,020 shares; 2025Q3: 107,500 shares; 2025Q4: 84,857 shares 84,857$17.4M1.81%-22,643Timeline
TTTRANE TECHNOLOGIES PLCQuarterly 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: 37,576 shares; 2025Q4: 37,998 shares 37,998$14.8M1.54%+422Timeline
AVAVAEROVIRONMENT 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: 74,160 shares; 2025Q4: 60,913 shares 60,913$14.7M1.53%-13,247Timeline
MMYTMAKEMYTRIP LIMITED MAURITIUSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 175,659 shares; 2025Q2: 169,645 shares; 2025Q3: 141,896 shares; 2025Q4: 173,293 shares 173,293$14.2M1.48%+31,397Timeline
EHEHANG HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 124,872 shares; 2024Q4: 110,768 shares; 2025Q1: 759,180 shares; 2025Q2: 1,063,937 shares; 2025Q3: 1,056,204 shares; 2025Q4: 1,050,480 shares 1,050,480$13.8M1.44%-5,724Timeline
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: not reported; 2025Q3: not reported; 2025Q4: 197,943 shares 197,943$13.7M1.42%newTimeline
VIKVIKING HOLDINGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 574,750 shares; 2024Q4: 450,231 shares; 2025Q1: 421,454 shares; 2025Q2: 600,187 shares; 2025Q3: 607,910 shares; 2025Q4: 183,041 shares 183,041$13.1M1.36%-424,869Timeline
TMETENCENT MUSIC ENTMT 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: 530,198 shares; 2025Q4: 712,126 shares 712,126$12.5M1.3%+181,928Timeline
DECKDECKERS OUTDOOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 14,801 shares; 2025Q1: 91,745 shares; 2025Q2: not reported; 2025Q3: 117,993 shares; 2025Q4: 117,993 shares 117,993$12.2M1.27%0Timeline
AMBQAMBIQ MICRO 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: 394,991 shares; 2025Q4: 394,991 shares 394,991$11.3M1.17%0Timeline
IBITISHARES BITCOIN TRUST ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,533 shares; 2024Q4: 373,790 shares; 2025Q1: 381,511 shares; 2025Q2: 181,092 shares; 2025Q3: 182,764 shares; 2025Q4: 219,599 shares 219,599$10.9M1.13%+36,835Timeline
BEBLOOM ENERGY 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: 75,135 shares; 2025Q4: 123,513 shares 123,513$10.7M1.11%+48,378Timeline
XPEVXPENG 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: 513,246 shares; 2025Q4: 527,166 shares 527,166$10.7M1.11%+13,920Timeline
UMCUNITED MICROELECTRONICS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,560,207 shares; 2025Q1: 1,175,186 shares; 2025Q2: 1,335,392 shares; 2025Q3: not reported; 2025Q4: 1,335,392 shares 1,335,392$10.5M1.09%newTimeline
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: not reported; 2025Q2: 330,912 shares; 2025Q3: 425,879 shares; 2025Q4: 221,801 shares 221,801$8.74M0.91%-204,078Timeline
LITELUMENTUM HLDGS 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: 93,137 shares; 2025Q4: 22,359 shares 22,359$8.24M0.86%-70,778Timeline
WRDWERIDE 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: 803,764 shares; 2025Q3: 900,297 shares; 2025Q4: 900,297 shares 900,297$7.81M0.81%0Timeline
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: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 31,111 shares 31,111$7.39M0.77%newTimeline
MPMP MATERIALS 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: 245,279 shares; 2025Q4: 118,155 shares 118,155$5.97M0.62%-127,124Timeline
KTOSKRATOS DEFENSE & SEC SOLUTIOQuarterly 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: 29,901 shares; 2025Q4: 50,636 shares 50,636$3.84M0.4%+20,735Timeline
SYSO YOUNG INTERNATIONAL 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: 1,022,291 shares; 2025Q4: 1,022,291 shares 1,022,291$2.62M0.27%0Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
LRNSTRIDE INC157,101$23.4Mshares
FNFABRINET44,284$16.1Mshares
GLDSPDR GOLD TR45,234$16.1Mshares
ISRGINTUITIVE SURGICAL INC26,015$11.6Mshares
BABOEING CO44,298$9.56Mshares
SNPSSYNOPSYS INC19,312$9.53Mshares
CCJCAMECO CORP112,929$9.47Mshares
CDNSCADENCE DESIGN SYSTEM INC26,912$9.45Mshares
PSIXPOWER SOLUTIONS INTL INC59,710$5.86Mshares
CLSCELESTICA INC14,944$3.68Mshares
SPOTSPOTIFY TECHNOLOGY S A350$244Kshares

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 0000905148-26-000782 base2026-02-17acceptance time not in the bulk data set