Hel Ved Capital Management Ltd 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Hel Ved Capital Management Ltd disclosed 62 US equity positions worth $184.3m in its Q3 2025 13F filing. The largest position was PONY at 6.4% of the reported book, followed by EDU and PSIX. Against the Q2 2025 filing, it opened 26 new positions, added to 12 and reduced 10 among the top 50 holdings.
What did Hel Ved Capital Management Ltd own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | PONY PONY AI INC | Technology | 6.4% | $11.9m | 527,979 | 6% | added |
| 2 | EDU NEW ORIENTAL ED & TECHNOLOGY | Consumer Defensive | 5.9% | $10.9m | 206,200 | -18% | reduced |
| 3 | PSIX POWER SOLUTIONS INTL INC | 3.7% | $6.7m | 68,720 | – | new | |
| 4 | KEYS KEYSIGHT TECHNOLOGIES INC | Technology | 3.5% | $6.5m | 37,200 | 63% | added |
| 5 | PRIM PRIMORIS SVCS CORP | Industrials | 3.3% | $6.2m | 44,800 | – | new |
| 6 | SNPS SYNOPSYS INC | Technology | 3.0% | $5.6m | 11,333 | 127% | added |
| 7 | NXT NEXTRACKER INC | Technology | 3.0% | $5.6m | 75,085 | – | new |
| 8 | PI IMPINJ INC | Technology | 2.9% | $5.4m | 30,050 | – | new |
| 9 | NTES NETEASE INC | Communication Services | 2.9% | $5.4m | 35,200 | 173% | added |
| 10 | DQ DAQO NEW ENERGY CORP | Technology | 2.8% | $5.2m | 186,547 | – | new |
| 11 | HELIUS MED TECHNOLOGIES INC | 2.8% | $5.2m | 435,983 | – | new | |
| 12 | PDD PDD HOLDINGS INC | Consumer Cyclical | 2.8% | $5.1m | 38,437 | -32% | reduced |
| 13 | V VISA INC | Financial Services | 2.7% | $5.1m | 14,815 | 0% | held |
| 14 | FSLR FIRST SOLAR INC | Technology | 2.5% | $4.6m | 20,987 | 131% | added |
| 15 | AGX ARGAN INC | Industrials | 2.5% | $4.6m | 17,055 | – | new |
| 16 | VNET VNET GROUP INC | Technology | 2.5% | $4.6m | 444,900 | – | new |
| 17 | CIEN CIENA CORP | Technology | 2.4% | $4.4m | 29,940 | – | new |
| 18 | U UNITY SOFTWARE INC | Technology | 2.4% | $4.4m | 108,780 | 107% | added |
| 19 | ENTG ENTEGRIS INC | Technology | 2.3% | $4.3m | 46,060 | – | new |
| 20 | IQ IQIYI INC | Communication Services | 2.1% | $3.9m | 1,513,800 | – | new |
| 21 | EH EHANG HLDGS LTD | 2.0% | $3.7m | 198,031 | -19% | reduced | |
| 22 | RDDT REDDIT INC | Communication Services | 2.0% | $3.7m | 15,925 | -49% | reduced |
| 23 | SEI SOLARIS ENERGY INFRAS INC | Energy | 2.0% | $3.7m | 91,600 | – | new |
| 24 | GDS GDS HLDGS LTD | Technology | 1.8% | $3.3m | 84,400 | – | new |
| 25 | DDOG DATADOG INC | Technology | 1.7% | $3.2m | 22,130 | -29% | reduced |
| 26 | SNOW SNOWFLAKE INC | Technology | 1.7% | $3.1m | 13,840 | 93% | added |
| 27 | TEAM ATLASSIAN CORPORATION | Technology | 1.5% | $2.8m | 17,635 | – | new |
| 28 | FLEX FLEX LTD | Technology | 1.5% | $2.7m | 46,550 | -36% | reduced |
| 29 | DUOL DUOLINGO INC | Technology | 1.4% | $2.7m | 8,277 | – | new |
| 30 | NIO NIO INC | Consumer Cyclical | 1.4% | $2.6m | 339,300 | – | new |
| 31 | TER TERADYNE INC | Technology | 1.4% | $2.6m | 18,605 | – | new |
| 32 | TTWO TAKE-TWO INTERACTIVE SOFTWAR | Communication Services | 1.2% | $2.2m | 8,650 | 0% | held |
| 33 | VRNS VARONIS SYS INC | Technology | 1.1% | $2.0m | 35,170 | 64% | added |
| 34 | MNDY MONDAY COM LTD | Technology | 1.1% | $2.0m | 10,265 | 54% | added |
| 35 | MDB MONGODB INC | Technology | 1.0% | $1.9m | 6,000 | – | new |
| 36 | SHOP SHOPIFY INC | Technology | 1.0% | $1.8m | 11,900 | – | new |
| 37 | RBLX ROBLOX CORP | Communication Services | 0.9% | $1.7m | 12,400 | -59% | reduced |
| 38 | TME TENCENT MUSIC ENTMT GROUP | Communication Services | 0.9% | $1.7m | 72,200 | – | new |
| 39 | SPOT SPOTIFY TECHNOLOGY S A | Communication Services | 0.9% | $1.6m | 2,310 | – | new |
| 40 | EMR EMERSON ELEC CO | Industrials | 0.8% | $1.4m | 11,020 | – | new |
| 41 | JOYY JOYY INC | Communication Services | 0.8% | $1.4m | 24,100 | – | new |
| 42 | ESTC ELASTIC N V | Technology | 0.7% | $1.3m | 15,862 | 237% | added |
| 43 | TWLO TWILIO INC | Technology | 0.7% | $1.3m | 13,350 | 60% | added |
| 44 | POWL POWELL INDS INC | Industrials | 0.7% | $1.3m | 4,200 | – | new |
| 45 | PCOR PROCORE TECHNOLOGIES INC | Technology | 0.7% | $1.3m | 17,430 | 86% | added |
| 46 | TSLA TESLA INC | Consumer Cyclical | 0.7% | $1.3m | 2,845 | -10% | reduced |
| 47 | MIR MIRION TECHNOLOGIES INC | Industrials | 0.6% | $1.2m | 49,800 | – | new |
| 48 | TCOM TRIP COM GROUP LTD | Consumer Cyclical | 0.6% | $1.0m | 13,700 | -44% | reduced |
| 49 | ATAT ATOUR LIFESTYLE HLDGS LTD | Consumer Cyclical | 0.5% | $981.1k | 26,100 | -69% | reduced |
| 50 | HUYA HUYA INC | Communication Services | 0.5% | $894.3k | 268,547 | – | 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.