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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
+1.74%
1 Year Est. Return
+28.37%
3 Year Est. Return
+152.59%
5 Year Est. Return
+77.04%
10 Year Est. Return
–
AUM
$3.44B
AUM Growth
-$633M
Cap. Flow
-$371M
Cap. Flow %
-10.78%
Top 10 Hldgs %
76.75%
Holding
38
New
3
Increased
7
Reduced
5
Closed
8

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$184M
2
AMD icon
Advanced Micro Devices
AMD
+$137M
3
MU icon
Micron Technology
MU
+$93.4M
4
LRCX icon
Lam Research
LRCX
+$79.4M
5
BZ icon
Kanzhun
BZ
+$64.1M

Top Sells

Rank Stock Value
1
DASH icon
DoorDash
DASH
+$211M
2
TSM icon
TSMC
TSM
+$162M
3
BABA icon
Alibaba
BABA
+$146M
4
LI icon
Li Auto
LI
+$118M
5
PDD icon
Pinduoduo
PDD
+$58.8M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 46.12%
2 Technology 33.12%
3 Financials 9.56%
4 Real Estate 4.48%
5 Communication Services 2.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BABA icon
1
Alibaba
BABA
$276B
$468M 13.61%
5,614,351
-1,667,098
-23% -$146M
DASH icon
2
DoorDash
DASH
$80.2B
$403M 11.73%
5,277,538
-3,178,442
-38% -$211M
SE icon
3
Sea Limited
SE
$63.7B
$339M 9.87%
5,846,284
+345,000
+6% +$24.6M
LRCX icon
4
Lam Research
LRCX
$392B
$328M 9.55%
5,109,350
+1,409,350
+38% +$79.4M
NVDA icon
5
NVIDIA
NVDA
$4.91T
$234M 6.81%
+5,536,450
New +$184M
LI icon
6
Li Auto
LI
$12.3B
$208M 6.05%
5,925,694
-4,211,650
-42% -$118M
FUTU icon
7
Futu Holdings
FUTU
$13.3B
$180M 5.22%
4,520,281
– –
MU icon
8
Micron Technology
MU
$959B
$174M 5.06%
2,757,341
+1,453,656
+112% +$93.4M
BEKE icon
9
KE Holdings
BEKE
$19.3B
$154M 4.48%
10,383,492
-2,858,776
-22% -$46.7M
AMD icon
10
Advanced Micro Devices
AMD
$808B
$150M 4.37%
+1,318,263
New +$137M
QFIN icon
11
Qfin Holdings
QFIN
$1.55B
$149M 4.34%
8,630,765
– –
MRVL icon
12
Marvell Technology
MRVL
$169B
$147M 4.28%
2,459,543
+823,153
+50% +$40M
JD icon
13
JD.com
JD
$40B
$124M 3.62%
3,644,818
-680,443
-16% -$24.8M
GDS icon
14
GDS Holdings
GDS
$6.24B
$96.4M 2.8%
8,773,031
– –
BZ icon
15
Kanzhun
BZ
$6.66B
$72.6M 2.11%
4,821,520
+3,833,333
+388% +$64.1M
EDU icon
16
New Oriental
EDU
$7.82B
$27.9M 0.81%
707,606
+512,242
+262% +$20.5M
LANV icon
17
Lanvin Group Holdings
LANV
$157M
$21.7M 0.63%
4,500,000
– –
HTHT icon
18
Huazhu Hotels Group
HTHT
$12.8B
$14.8M 0.43%
382,370
+222,370
+139% +$9.66M
YSG
19
Yatsen Holding
YSG
$335M
$13.3M 0.39%
2,626,908
– –
VNET
20
VNET Group
VNET
$2.1B
$8.6M 0.25%
2,964,552
– –
RLX icon
21
RLX Technology
RLX
$2.51B
$8.54M 0.25%
+4,825,765
New +$10.8M
RBOT
22
DELISTED
Vicarious Surgical
RBOT
$4.76M 0.14%
86,667
– –
PRE icon
23
Prenetics Global
PRE
$311M
$4.62M 0.13%
346,150
– –
EM
24
DELISTED
Smart Share Global Ltd
EM
$4.39M 0.13%
4,500,000
– –
HSAI
25
Hesai Group
HSAI
$2.36B
$2.11M 0.06%
200,000
– –
1
2

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EDRH
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AG
AIA Group Hong Kong $6.88B AUM 20.97% 1-Year Est. Return
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
Raiffeisen Bank International Vienna, Austria $6.97B AUM 29.39% 1-Year Est. Return
STA
Summit Trail Advisors New York $6.98B AUM 19.51% 1-Year Est. Return
PS
Principal Securities Des Moines, Iowa $6.82B AUM 17.15% 1-Year Est. Return

Aspex Management (HK)'s Q2 2023 Portfolio in Review

As of Q2 2023, Aspex Management (HK) held 38 positions worth $3.44B, down 16% from $4.07B the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Aspex Management (HK) withdrew a net $371M in Q2 2023, closing 8 positions and reducing 5 holdings. Its most notable exit was TSMC, an estimated $162M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 46% of assets, down from 57% a quarter earlier, followed by Technology and Financials.

Against the trend, Aspex Management (HK) opened a new position in NVIDIA worth $234M.

  • Aspex Management (HK)'s largest Q2 2023 buy was NVIDIA: 5,536,450 shares worth $234M.
  • Aspex Management (HK) added most to Micron Technology in Q2 2023, an estimated $93.4M increase.
  • Aspex Management (HK)'s biggest Q2 2023 reduction was DoorDash, cutting an estimated $211M.
  • Aspex Management (HK) fully exited TSMC in Q2 2023, selling an estimated $162M.
  • Aspex Management (HK)'s ten largest holdings make up 77% of its $3.44B portfolio in Q2 2023.
  • Aspex Management (HK) opened 3 new positions and closed 8 in Q2 2023.
  • Aspex Management (HK)'s portfolio value fell 16% quarter-over-quarter to $3.44B.

Based on Aspex Management (HK)'s 13F filing for Q2 2023, filed 14 Aug 2023.