Infini Capital Management Ltd 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Infini Capital Management Ltd disclosed 20 US equity positions worth $151.6m in its Q2 2025 13F filing. The largest position was VNET at 44.4% of the reported book, followed by BABA and INFY. Against the Q1 2025 filing, it opened 11 new positions, added to 2 and reduced 5 among the top 20 holdings.
What did Infini Capital Management Ltd own in Q2 2025? Top 20 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | VNET VNET Group Inc | Technology | 44.4% | $67.3m | 9,758,083 | 39% | added |
| 2 | BABA Alibaba Group Holding Ltd | Consumer Cyclical | 22.7% | $34.5m | 303,975 | 1215800% | added |
| 3 | INFY INFOSYS LTD | Technology | 11.3% | $17.2m | 926,200 | – | new |
| 4 | PLTK Playtika Holding Corp | Communication Services | 3.6% | $5.4m | 1,150,890 | -18% | reduced |
| 5 | AS AMER SPORTS ORD | Consumer Cyclical | 3.5% | $5.2m | 135,000 | – | new |
| 6 | BIDU Baidu Inc | Communication Services | 3.2% | $4.8m | 56,161 | -31% | reduced |
| 7 | NCNO nCino Inc | Technology | 2.4% | $3.7m | 131,355 | -67% | reduced |
| 8 | PDD HOLDINGS INC | 1.6% | $2.4m | 2,500,000 | – | new | |
| 9 | KC KINGSOFT CLOUD HLDGS LTD | Technology | 1.5% | $2.3m | 180,400 | – | new |
| 10 | LI Li Auto Inc | Consumer Cyclical | 1.3% | $2.0m | 74,000 | 0% | held |
| 11 | ZTO EXPRESS CAYMAN INC | 1.3% | $2.0m | 2,000,000 | – | new | |
| 12 | CRCL CIRCLE INTERNET GROUP INC | Financial Services | 0.7% | $1.1m | 6,200 | – | new |
| 13 | SMR NUSCALE PWR CORP | Industrials | 0.7% | $989.0k | 25,000 | – | new |
| 14 | DIREXION SHS ETF TR | 0.5% | $804.8k | 102,000 | – | new | |
| 15 | CHA CHAGEE HOLDINGS LTD | 0.4% | $681.2k | 26,088 | – | new | |
| 16 | RDDT REDDIT INC | Communication Services | 0.4% | $602.3k | 4,000 | – | new |
| 17 | MNSO MINISO Group Holding Ltd | Consumer Cyclical | 0.2% | $285.1k | 15,650 | 0% | held |
| 18 | OKLO OKLO INC | Utilities | 0.2% | $279.9k | 5,000 | – | new |
| 19 | GDS GDS Holdings Ltd | Technology | 0.0% | $3.1k | 100 | -100% | reduced |
| 20 | BEKE Ke Holdings Inc | Real Estate | 0.0% | $1.3k | 73 | -100% | 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.