Polymer Capital Management (HK) LTD 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Polymer Capital Management (HK) LTD disclosed 126 US equity positions worth $642.5m in its Q4 2025 13F filing. The largest position was LLY at 7.7% of the reported book, followed by NVDA and PDD. Against the Q3 2025 filing, it opened 8 new positions, added to 25 and reduced 15 among the top 50 holdings.
What did Polymer Capital Management (HK) LTD own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | LLY ELI LILLY & CO | Healthcare | 7.7% | $49.2m | 45,810 | -4% | reduced |
| 2 | NVDA NVIDIA CORPORATION | Technology | 7.0% | $44.8m | 240,480 | 17% | added |
| 3 | PDD PDD HOLDINGS INC | Consumer Cyclical | 6.7% | $42.9m | 378,574 | 108% | added |
| 4 | GLD SPDR GOLD TR | 5.2% | $33.3m | 84,050 | 17% | added | |
| 5 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 4.9% | $31.3m | 103,140 | 198% | added |
| 6 | GOOG ALPHABET INC | Communication Services | 4.4% | $28.5m | 90,884 | -15% | reduced |
| 7 | SMMT SUMMIT THERAPEUTICS INC | Healthcare | 3.9% | $24.9m | 1,421,155 | 74% | added |
| 8 | AIQ GLOBAL X FDS | 2.7% | $17.2m | 338,000 | – | new | |
| 9 | AVGO BROADCOM INC | Technology | 2.6% | $16.9m | 48,844 | 34% | added |
| 10 | VIPS VIPSHOP HLDGS LTD | Consumer Cyclical | 2.6% | $16.5m | 932,407 | 59% | added |
| 11 | SNDK SANDISK CORP | Technology | 2.4% | $15.7m | 66,055 | -29% | reduced |
| 12 | ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 2.3% | $14.6m | 36,765 | 27% | added |
| 13 | KBWB INVESCO EXCH TRADED FD TR II | 2.0% | $12.9m | 153,000 | – | new | |
| 14 | COHR COHERENT CORP | Technology | 1.9% | $12.0m | 64,898 | 17% | added |
| 15 | WDC WESTERN DIGITAL CORP | Technology | 1.6% | $10.5m | 60,883 | -63% | reduced |
| 16 | AS AMER SPORTS INC | Consumer Cyclical | 1.5% | $9.4m | 252,526 | – | new |
| 17 | FUTU FUTU HLDGS LTD | Financial Services | 1.5% | $9.4m | 57,226 | -13% | reduced |
| 18 | COPX GLOBAL X FDS | 1.4% | $9.2m | 128,459 | 327% | added | |
| 19 | BIDU BAIDU INC | Communication Services | 1.4% | $9.0m | 68,800 | 307% | added |
| 20 | BILI BILIBILI INC | Communication Services | 1.4% | $8.7m | 353,870 | -8% | reduced |
| 21 | GDX VANECK ETF TRUST | 1.3% | $8.5m | 99,479 | 28% | added | |
| 22 | META META PLATFORMS INC | Communication Services | 1.2% | $7.8m | 11,763 | 337% | added |
| 23 | SPY SPDR S&P 500 ETF TR | 1.1% | $7.4m | 10,829 | 4% | added | |
| 24 | TPR TAPESTRY INC | Consumer Cyclical | 1.1% | $7.3m | 57,519 | -58% | reduced |
| 25 | XBI SPDR SERIES TRUST | 0.9% | $5.9m | 48,200 | – | new | |
| 26 | DIA SPDR DOW JONES INDL AVERAGE | 0.9% | $5.7m | 11,850 | 0% | held | |
| 27 | ON HLDG AG | 0.9% | $5.5m | 117,995 | -30% | reduced | |
| 28 | EDU NEW ORIENTAL ED & TECHNOLOGY | Consumer Defensive | 0.9% | $5.5m | 99,500 | 5% | added |
| 29 | GIL GILDAN ACTIVEWEAR INC | Consumer Cyclical | 0.8% | $5.2m | 83,856 | -51% | reduced |
| 30 | MAGS LISTED FDS TR | 0.8% | $5.2m | 78,931 | -74% | reduced | |
| 31 | AMD ADVANCED MICRO DEVICES INC | Technology | 0.8% | $5.2m | 24,147 | -36% | reduced |
| 32 | QQQ INVESCO QQQ TR | 0.8% | $5.1m | 8,295 | 19% | added | |
| 33 | HTHT H WORLD GROUP LTD | Consumer Cyclical | 0.8% | $5.1m | 108,200 | 1867% | added |
| 34 | CRDO CREDO TECHNOLOGY GROUP HOLDI | Technology | 0.8% | $4.9m | 33,980 | -48% | reduced |
| 35 | TCOM TRIP COM GROUP LTD | Consumer Cyclical | 0.7% | $4.7m | 65,500 | – | new |
| 36 | RL RALPH LAUREN CORP | Consumer Cyclical | 0.7% | $4.3m | 12,233 | -31% | reduced |
| 37 | LITE LUMENTUM HLDGS INC | Technology | 0.6% | $4.1m | 11,231 | -73% | reduced |
| 38 | YUMC YUM CHINA HLDGS INC | Consumer Cyclical | 0.6% | $4.1m | 86,654 | 141% | added |
| 39 | NTES NETEASE INC | Communication Services | 0.6% | $4.1m | 30,007 | 40% | added |
| 40 | ABNB AIRBNB INC | Consumer Cyclical | 0.6% | $3.8m | 28,023 | 17% | added |
| 41 | IVV ISHARES TR | 0.6% | $3.7m | 5,400 | 23% | added | |
| 42 | XLF SELECT SECTOR SPDR TR | 0.6% | $3.7m | 67,471 | 4% | added | |
| 43 | SOXX ISHARES TR | 0.6% | $3.6m | 12,056 | 12% | added | |
| 44 | FCX FREEPORT-MCMORAN INC | Basic Materials | 0.6% | $3.6m | 70,466 | – | new |
| 45 | XLE SELECT SECTOR SPDR TR | 0.5% | $3.5m | 78,172 | 100% | added | |
| 46 | JD JD.COM INC | Consumer Cyclical | 0.5% | $3.4m | 120,000 | 1900% | added |
| 47 | GOOGL ALPHABET INC | Communication Services | 0.5% | $3.3m | 10,573 | -0% | held |
| 48 | TJX TJX COS INC NEW | Consumer Cyclical | 0.5% | $3.0m | 19,522 | -18% | reduced |
| 49 | CAT CATERPILLAR INC | Industrials | 0.5% | $3.0m | 5,223 | – | new |
| 50 | MPWR MONOLITHIC PWR SYS INC | Technology | 0.5% | $2.9m | 3,222 | – | 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.