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Yong Rong (HK) Asset Management Ltd

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13F filer, CIK 1738071, SHEUNG WAN, Hong Kong

Yong Rong (HK) Asset Management Ltd reported $329,811,000 across 23 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-01-30. Its ten largest share positions make up 92.31% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001738071-26-000002

Period
2025-12-31
Reported value
$330M
Holdings
23
Top 10 weight
92.31%
New
12
Sold out
10

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CRCLadded+752,700$59.7M
BULLnew+5,000,000$38.9M
XPEVnew+1,588,000$32.2M
SUNRISE NEW ENERGY CO LTDnew+7,000,000$6.86M
SNDKnew+25,000$5.93M

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
NVDAexited-300,000-$56M
ETHUexited-280,000-$36.4M
PYPLexited-478,000-$32.1M
GOOGreduced-50,200-$15.8M
RBRKreduced-200,000-$15.3M

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 0001738071-26-000002, largest first. % of portfolio is the value over $328,630,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CRCLCIRCLE INTERNET 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: 110,000 shares; 2025Q3: 241,500 shares; 2025Q4: 994,200 shares 994,200$78.8M23.99%+752,700Timeline
GOOGALPHABET 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: 200,000 shares; 2025Q4: 149,800 shares 149,800$47M14.3%-50,200Timeline
SUPXSUPERX AI TECHNOLOGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 750,000 shares; 2025Q2: 750,000 shares; 2025Q3: 2,470,000 shares; 2025Q4: 2,748,088 shares 2,748,088$43.1M13.11%+278,088Timeline
BULLWEBULL 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: 5,000,000 shares 5,000,000$38.9M11.82%newTimeline
ETHAISHARES ETHEREUM TRQuarterly 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: 796,000 shares; 2025Q3: 1,615,000 shares; 2025Q4: 1,467,100 shares 1,467,100$32.9M10.01%-147,900Timeline
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: not reported; 2025Q4: 1,588,000 shares 1,588,000$32.2M9.8%newTimeline
SILGLOBAL X FDSQuarterly 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: 120,000 shares; 2025Q4: 120,000 shares 120,000$10M3.05%0Timeline
RBRKRUBRIK INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 106,900 shares; 2025Q2: 125,300 shares; 2025Q3: 300,000 shares; 2025Q4: 100,000 shares 100,000$7.65M2.33%-200,000Timeline
SUNRISE NEW ENERGY CO LTDSUNRISE NEW ENERGY 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: not reported; 2025Q4: 7,000,000 shares 7,000,000$6.86M2.09%new
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: 25,000 shares 25,000$5.93M1.81%newTimeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 119,200 shares; 2024Q4: 40,000 shares; 2025Q1: not reported; 2025Q2: 497,900 shares; 2025Q3: not reported; 2025Q4: 50,000 shares 50,000$5.67M1.73%newTimeline
GDXVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 550,000 shares; 2024Q4: 550,000 shares; 2025Q1: 240,000 shares; 2025Q2: 100,000 shares; 2025Q3: 50,000 shares; 2025Q4: 50,000 shares 50,000$4.29M1.31%0Timeline
ISPRISPIRE TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,518,721 shares; 2024Q4: 1,518,721 shares; 2025Q1: 1,504,147 shares; 2025Q2: 1,504,147 shares; 2025Q3: 1,504,147 shares; 2025Q4: 1,504,147 shares 1,504,147$4.21M1.28%0Timeline
XMESPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,000 shares; 2024Q4: 12,380 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 30,000 shares 30,000$3.11M0.95%newTimeline
BCIABRDN ETFSQuarterly 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: 150,000 shares 150,000$2.93M0.89%newTimeline
XLESELECT SECTOR SPDR TRQuarterly 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: 60,000 shares 60,000$2.68M0.82%newTimeline
ACMRACM RESH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 150,000 shares; 2025Q1: 150,000 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 60,000 shares 60,000$2.37M0.72%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
APPLOVIN CORPAPPLOVIN CORP PUTput2,000$1.14Mnew
ISHARES ETHEREUM TRISHARES ETHEREUM TR CALLcall20,000$20K-10,000
ISHARES BITCOIN TRUST ETFISHARES BITCOIN TRUST ETF CALLcall10,000$10K-15,000
CIRCLE INTERNET GROUP INCCIRCLE INTERNET GROUP INC CALLcall4,000$4K+2,234
ROBINHOOD MKTS INCROBINHOOD MKTS INC CALLcall4,000$4Knew
STRATEGY INCSTRATEGY INC CALLcall3,000$3Knew

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
NVDANVIDIA CORPORATION300,000$56Mshares
ETHUVOLATILITY SHS TR280,000$36.4Mshares
PYPLPAYPAL HLDGS INC478,000$32.1Mshares
UBERUBER TECHNOLOGIES INC96,000$9.41Mshares
UUNITY SOFTWARE INC200,000$8.01Mshares
NVIDIA CORPORATIONNVIDIA CORPORATION78,000$5.44Mcall
SMMTSUMMIT THERAPEUTICS INC100,000$2.07Mshares
RUBRIK INC.RUBRIK INC.5,000$1.45Mcall
CAMECO CORPCAMECO CORP6,000$432Kcall
UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC15,000$420Kcall

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 0001738071-26-000002 base2026-01-30acceptance time not in the bulk data set