HCEP Management Ltd 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
HCEP Management Ltd disclosed 9 US equity positions worth $124.4m in its Q2 2025 13F filing. The largest position was BABA at 51.4% of the reported book, followed by MNSO and TAL. Against the Q1 2025 filing, it opened 0 new positions, added to 2 and reduced 6 among the top 9 holdings.
What did HCEP Management Ltd own in Q2 2025? Top 9 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 51.4% | $64.0m | 564,376 | 30% | added |
| 2 | MNSO MINISO GROUP HLDG LTD | Consumer Cyclical | 14.3% | $17.8m | 974,951 | -24% | reduced |
| 3 | TAL TAL EDUCATION GROUP | Consumer Defensive | 12.6% | $15.7m | 1,536,024 | -21% | reduced |
| 4 | QFIN QIFU TECHNOLOGY INC | Financial Services | 6.1% | $7.6m | 175,581 | 0% | held |
| 5 | TCOM TRIP COM GROUP LTD | Consumer Cyclical | 6.0% | $7.4m | 126,845 | -47% | reduced |
| 6 | LX LEXINFINTECH HLDGS LTD | Financial Services | 5.5% | $6.8m | 942,017 | 262% | added |
| 7 | PROSHARES TR II | 2.0% | $2.5m | 131,309 | -77% | reduced | |
| 8 | API AGORA INC | Technology | 1.6% | $2.0m | 530,370 | -58% | reduced |
| 9 | VNET VNET GROUP INC | Technology | 0.5% | $625.6k | 90,660 | -94% | reduced |
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.