Aspex Management (HK) portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Aspex Management (HK) reported a $8.9 bn portfolio of 25 positions to the SEC as of the end of Q2 2026. Its largest positions are SNPS, QCOM, MKSI. During the quarter it opened Qualcomm and Nu Holdings and exited NVIDIA and Full Truck Alliance.
Sections with a free account
What changed this quarter
18 positions with a change (3 new, 6 added to, 3 trimmed, 6 sold); also, 1 entered through an IPO, 1 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Newly listedInnioINIO3.1% of the portfolio
It started trading this quarter: it appears in a 13F for the first time. The filing does not say whether the manager already held it before the listing, so it is not counted as a purchase.
- Qualcomm+13.2 ppof portfolioNew— → 13.2%
- NVIDIA−10.2 ppof portfolioSold out13.1% → —
- Coupang+137%more sharesIncreased4.4% → 7.4%
- Corning−42%fewer sharesReduced5.0% → 4.3%
- Nu Holdings+2.5 ppof portfolioNew— → 2.5%
- Synopsys+17%more sharesIncreased15.4% → 15.6%
- Full Truck Alliance−2.0 ppof portfolioSold out2.6% → —
- Ford Motor+1.9 ppof portfolioNew— → 1.9%
- Atour Lifestyle Holdings−1.5 ppof portfolioSold out1.9% → —
- MKS+18%more sharesIncreased5.1% → 9.1%
- Carvana+20%more sharesIncreased8.3% → 8.1%
- Lumentum Holdings−57%fewer sharesReduced2.1% → 0.8%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- SynopsysSNPS15.6%
- QualcommQCOM13.2%
- MKSMKSI9.1%
- CoreWeaveCRWV8.9%
- CarvanaCVNA8.1%
- CoupangCPNG7.4%
- SeaSE5.3%
- Futu HoldingsFUTU4.8%
- CorningGLW4.3%
- TeradyneTER3.4%
- Amer SportsAS3.2%
- InnioINIO3.1%
- Nu HoldingsNU2.5%
- New Oriental Education & Technology GroupEDU2.3%
- GRAB HoldingsGRAB2.3%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Information Technology 56%
- ● Consumer Discretionary 30%
- ● Financials 8%
- ● Industrials 5%
How its portfolio changed (8 quarters)
Q2 2026: 25
Q2 2026: 80%
Q2 2026: 24.9%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Declared options (2)
Besides stocks, Aspex Management (HK) declared 2 calls (they gain if it rises) with a notional of $18.3M. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- CALLQualcommQCOMnew this quarter$18.0M
- CALLGrab HoldingsGRAB$305K
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 26, 2026 (medium confidence).
The data, as reported: ASPEX MANAGEMENT (HK) LIMITED (CRD 300189): Exempt reporting adviser to private funds, based in Hong Kong; 7.B private funds: 2 hedge (gross assets $14.3 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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