AMH

Aspex Management (HK) Portfolio holdings

AUM $3.87B

AUM

$3.87B

AUM Growth

+$171M (+5%)

Cap. Flow

+$705M

Cap. Flow % of AUM

18.22%

Top 10 Holdings %Top 10 Hldgs %

73.55%

Holding

37

New

5

Increased

4

Reduced

8

Closed

8

Top Buys

1	TSMC TSM	$307M
2	Deckers Outdoor DECK	$182M
3	Intel INTC	$155M
4	Cadence Design Systems CDNS	$145M
5	Synopsys SNPS	$134M

Top Sells

1	Li Auto LI	$172M
2	New Oriental EDU	$75.6M
3	Qifu Technology QFIN	$58.7M
4	GDS Holdings GDS	$48.6M
5	DoorDash DASH	$42.2M

Sector Composition

1	Technology	33.48%
2	Consumer Discretionary	31.45%
3	Financials	13.28%
4	Consumer Staples	12.69%
5	Communication Services	3.81%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Lanvin Group Holdings Limited Redeemable Warrants, each whole warrant exercisable for one Ordinary Share at an exercise price of $11.50 LANV.WS	$20K	0%	1,000,000	–	–
27	PRENW 27 Prenetics Global Limited Warrant PRENW $229K	$12K	0%	1,166,666	–	–
28	28 e.l.f. Beauty ELF $4.67B	$0	0%	0 -586,028	Closed	–
29	29 Enphase Energy ENPH $4.99B	$0	0%	0 -428,615	Closed	–
30	30 EPAM Systems EPAM $10.2B	$0	0%	0 -130,904	Closed	–
31	31 HDFC Bank HDB $186B	$0	0%	0 -726,915	Closed	–
32	32 JD.com JD $48.6B	$0	0%	0 -2,698,651	Closed	–
33	33 Teradyne TER $12.6B	$0	0%	0 -3,234,842	Closed	–
34	VNET 34 VNET Group VNET $1.63B	$0	0%	0 -2,964,552	Closed	–