HCEP Management Ltd 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
HCEP Management Ltd disclosed 13 US equity positions worth $172.6m in its Q1 2025 13F filing. The largest position was BABA at 33.2% of the reported book, followed by TAL and MNSO. Against the Q4 2024 filing, it opened 7 new positions, added to 4 and reduced 2 among the top 13 holdings.
What did HCEP Management Ltd own in Q1 2025? Top 13 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 33.2% | $57.3m | 433,147 | – | new |
| 2 | TAL TAL EDUCATION GROUP | Consumer Defensive | 14.9% | $25.8m | 1,950,000 | -19% | reduced |
| 3 | MNSO MINISO GROUP HLDG LTD | Consumer Cyclical | 13.7% | $23.6m | 1,274,750 | -25% | reduced |
| 4 | TCOM TRIP COM GROUP LTD | Consumer Cyclical | 8.8% | $15.3m | 240,000 | – | new |
| 5 | PROSHARES TR II | 7.9% | $13.6m | 582,010 | – | new | |
| 6 | VNET VNET GROUP INC | Technology | 7.5% | $13.0m | 1,581,136 | 201% | added |
| 7 | QFIN QIFU TECHNOLOGY INC | Financial Services | 4.6% | $7.9m | 175,581 | – | new |
| 8 | API AGORA INC | Technology | 2.9% | $5.1m | 1,263,482 | 153% | added |
| 9 | TUYA TUYA INC | 2.3% | $4.0m | 1,312,706 | 314% | added | |
| 10 | LX LEXINFINTECH HLDGS LTD | Financial Services | 1.5% | $2.6m | 260,384 | – | new |
| 11 | CANG CANGO INC | 1.1% | $1.8m | 480,906 | 22% | added | |
| 12 | INTC INTEL CORP | Technology | 1.0% | $1.8m | 77,080 | – | new |
| 13 | ACMR ACM RESH INC | Technology | 0.6% | $1.0m | 43,650 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.