Infini Capital Management Ltd 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Infini Capital Management Ltd disclosed 11 US equity positions worth $102.0m in its Q3 2025 13F filing. The largest position was VNET at 87.1% of the reported book, followed by BIDU and PDD HOLDINGS INC. Against the Q2 2025 filing, it opened 2 new positions, added to 2 and reduced 6 among the top 11 holdings.
What did Infini Capital Management Ltd own in Q3 2025? Top 11 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | VNET VNET Group Inc | Technology | 87.1% | $88.9m | 8,601,395 | -12% | reduced |
| 2 | BIDU Baidu Inc | Communication Services | 4.3% | $4.4m | 33,399 | -41% | reduced |
| 3 | PDD HOLDINGS INC | 2.4% | $2.5m | 2,500,000 | 0% | held | |
| 4 | KC KINGSOFT CLOUD HLDGS LTD | Technology | 2.4% | $2.5m | 165,966 | -8% | reduced |
| 5 | BEKE Ke Holdings Inc | Real Estate | 2.4% | $2.4m | 128,040 | 175297% | added |
| 6 | GDS GDS Holdings Ltd | Technology | 0.5% | $507.0k | 13,100 | 13000% | added |
| 7 | ZLAB ZAI LAB LTD | Healthcare | 0.4% | $422.9k | 12,480 | – | new |
| 8 | CHA CHAGEE HOLDINGS LTD | 0.4% | $397.2k | 24,000 | -8% | reduced | |
| 9 | BILI BILIBILI INC | Communication Services | 0.0% | $21.9k | 780 | – | new |
| 10 | MNSO MINISO Group Holding Ltd | Consumer Cyclical | 0.0% | $21.4k | 950 | -94% | reduced |
| 11 | BABA Alibaba Group Holding Ltd | Consumer Cyclical | 0.0% | $3.2k | 18 | -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.