HCEP Management Ltd 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
HCEP Management Ltd disclosed 10 US equity positions worth $176.1m in its Q3 2025 13F filing. The largest position was BABA at 55.9% of the reported book, followed by MNSO and SNPS. Against the Q2 2025 filing, it opened 3 new positions, added to 4 and reduced 3 among the top 10 holdings.
What did HCEP Management Ltd own in Q3 2025? Top 10 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 55.9% | $98.5m | 551,128 | -2% | reduced |
| 2 | MNSO MINISO GROUP HLDG LTD | Consumer Cyclical | 12.8% | $22.5m | 998,251 | 2% | added |
| 3 | SNPS SYNOPSYS INC | Technology | 7.9% | $14.0m | 28,279 | – | new |
| 4 | TAL TAL EDUCATION GROUP | Consumer Defensive | 6.3% | $11.1m | 991,024 | -35% | reduced |
| 5 | QFIN QFIN HOLDINGS INC | Financial Services | 5.8% | $10.1m | 352,013 | 100% | added |
| 6 | LX LEXINFINTECH HLDGS LTD | Financial Services | 5.2% | $9.1m | 1,711,539 | 82% | added |
| 7 | BIDU BAIDU INC | Communication Services | 3.2% | $5.6m | 42,272 | – | new |
| 8 | API AGORA INC | Technology | 1.4% | $2.4m | 622,770 | 17% | added |
| 9 | SY SO YOUNG INTERNATIONAL INC | 1.1% | $1.9m | 490,702 | – | new | |
| 10 | TCOM TRIP COM GROUP LTD | Consumer Cyclical | 0.6% | $1.0m | 13,300 | -90% | 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.