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AMH

Aspex Management (HK) Portfolio holdings

AUM $6.9B
1-Year Est. Return 28.37%
This Fund
S&P 500
This Quarter Est. Return
+17.26%
1 Year Est. Return
+28.37%
3 Year Est. Return
+152.59%
5 Year Est. Return
+77.04%
10 Year Est. Return
–
AUM
$3.41B
AUM Growth
+$163M
Cap. Flow
-$160M
Cap. Flow %
-4.69%
Top 10 Hldgs %
73.04%
Holding
37
New
7
Increased
4
Reduced
5
Closed
2

Top Buys

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$157M
2
QCOM icon
Qualcomm
QCOM
+$114M
3
JD icon
JD.com
JD
+$107M
4
ZTO icon
ZTO Express
ZTO
+$83.1M
5
TME icon
Tencent Music
TME
+$70M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$460M
2
NVDA icon
NVIDIA
NVDA
+$258M
3
LI icon
Li Auto
LI
+$186M
4
DASH icon
DoorDash
DASH
+$74.6M
5
FUTU icon
Futu Holdings
FUTU
+$66.7M

Sector Composition

Rank Sector Weight
1 Technology 47.47%
2 Consumer Discretionary 29.01%
3 Financials 6.36%
4 Communication Services 5.5%
5 Materials 3.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CART icon
26
CALL
Maplebear
CART
$10.4B
$3.51M 0.1%
+3,791,253
New +$95.3M
EM
27
DELISTED
Smart Share Global Ltd
EM
$2.25M 0.07%
4,500,000
– –
PRE icon
28
Prenetics Global
PRE
$322M
$2.05M 0.06%
346,150
– –
HSAI
29
Hesai Group
HSAI
$2.42B
$1.34M 0.04%
150,000
-50,000
-25% -$487K
RBOT
30
DELISTED
Vicarious Surgical
RBOT
$953K 0.03%
86,667
– –
LANV.WS
31
DELISTED
Lanvin Group Holdings Warrants
LANV.WS
$140K ﹤0.01%
1,000,000
– –
PRENW
32
Prenetics Global Ltd Warrant
PRENW
$136K
$10K ﹤0.01%
1,166,666
– –
BABA icon
33
Alibaba
BABA
$276B
– –
-5,300,316
Closed -$460M
LI icon
34
Li Auto
LI
$13.1B
– –
-5,222,387
Closed -$186M
1
2

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AG
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GAM
Groupama Asset Management Paris, France $6.85B AUM 43.37% 1-Year Est. Return
CIA
Capital Investment Advisors Atlanta, Georgia $6.84B AUM 17.28% 1-Year Est. Return
PFA
Pure Financial Advisors San Diego, California $6.97B AUM 16.14% 1-Year Est. Return
RBI
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STA
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PS
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Aspex Management (HK)'s Q4 2023 Portfolio in Review

As of Q4 2023, Aspex Management (HK) held 37 positions worth $3.41B, up 5% from $3.25B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Aspex Management (HK) withdrew a net $160M in Q4 2023, closing 2 positions and reducing 5 holdings. Its most notable exit was Alibaba, an estimated $460M position sold in full.

By sector, the portfolio is most concentrated in Technology at 47% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Aspex Management (HK) opened a new position in Qualcomm worth $133M.

  • Aspex Management (HK)'s largest Q4 2023 buy was Qualcomm: 923,033 shares worth $133M.
  • Aspex Management (HK) added most to Marvell Technology in Q4 2023, an estimated $157M increase.
  • Aspex Management (HK)'s biggest Q4 2023 reduction was NVIDIA, cutting an estimated $258M.
  • Aspex Management (HK) fully exited Alibaba in Q4 2023, selling an estimated $460M.
  • Aspex Management (HK)'s ten largest holdings make up 73% of its $3.41B portfolio in Q4 2023.
  • Aspex Management (HK) opened 7 new positions and closed 2 in Q4 2023.
  • Aspex Management (HK)'s portfolio value rose 5% quarter-over-quarter to $3.41B.

Based on Aspex Management (HK)'s 13F filing for Q4 2023, filed 14 Feb 2024.