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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
+21.3%
1 Year Est. Return
+28.37%
3 Year Est. Return
+152.59%
5 Year Est. Return
+77.04%
10 Year Est. Return
–
AUM
$3.78B
AUM Growth
-$904M
Cap. Flow
-$1.44B
Cap. Flow %
-38.01%
Top 10 Hldgs %
75.8%
Holding
41
New
4
Increased
5
Reduced
9
Closed
11

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$300M
2
EDU icon
New Oriental
EDU
+$104M
3
TCOM icon
Trip.com Group
TCOM
+$100M
4
BABA icon
Alibaba
BABA
+$89.4M
5
LI icon
Li Auto
LI
+$76.7M

Top Sells

Rank Stock Value
1
DELL icon
Dell
DELL
+$241M
2
MRVL icon
Marvell Technology
MRVL
+$207M
3
PDD icon
Pinduoduo
PDD
+$204M
4
LVS icon
Las Vegas Sands
LVS
+$199M
5
LRCX icon
Lam Research
LRCX
+$197M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 34.82%
2 Technology 28.61%
3 Financials 17.25%
4 Consumer Staples 13.47%
5 Communication Services 2.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SE icon
1
Sea Limited
SE
$65.1B
$467M 12.37%
4,956,482
+674,379
+16% +$50.9M
FUTU icon
2
Futu Holdings
FUTU
$13.7B
$435M 11.53%
4,553,023
+108,219
+2% +$6.89M
EDU icon
3
New Oriental
EDU
$7.87B
$360M 9.54%
4,753,340
+1,513,640
+47% +$104M
TER icon
4
Teradyne
TER
$50.5B
$320M 8.47%
2,387,433
+246,914
+12% +$33.3M
NVDA icon
5
NVIDIA
NVDA
$5.02T
$308M 8.16%
+2,537,119
New +$300M
LI icon
6
Li Auto
LI
$12.8B
$273M 7.23%
10,643,926
+3,778,463
+55% +$76.7M
DASH icon
7
DoorDash
DASH
$81.2B
$205M 5.43%
1,436,230
-609,622
-30% -$73.9M
MRVL icon
8
Marvell Technology
MRVL
$169B
$194M 5.14%
2,689,228
-2,991,428
-53% -$207M
QFIN icon
9
Qfin Holdings
QFIN
$1.56B
$171M 4.52%
5,723,720
-2,181,771
-28% -$49.7M
TCOM icon
10
Trip.com Group
TCOM
$27.5B
$129M 3.41%
+2,169,975
New +$100M
TAL icon
11
TAL Education Group
TAL
$5.67B
$125M 3.31%
10,555,730
-795,862
-7% -$7.33M
ATAT icon
12
Atour Lifestyle Holdings
ATAT
$4.44B
$117M 3.1%
4,510,636
-990,051
-18% -$18.4M
MU icon
13
Micron Technology
MU
$964B
$117M 3.08%
1,123,393
-237,280
-17% -$24.8M
BABA icon
14
Alibaba
BABA
$282B
$116M 3.07%
+1,093,054
New +$89.4M
TME icon
15
Tencent Music
TME
$15.1B
$91.3M 2.42%
7,575,837
-5,898,424
-44% -$72.2M
GDS icon
16
GDS Holdings
GDS
$6.56B
$81.7M 2.16%
4,004,018
-4,769,013
-54% -$67.4M
ENPH icon
17
Enphase Energy
ENPH
$5.41B
$48.4M 1.28%
+428,615
New +$47.9M
HDB icon
18
HDFC Bank
HDB
$135B
$45.5M 1.2%
1,453,830
– –
RLX icon
19
RLX Technology
RLX
$2.48B
$21.9M 0.58%
12,123,409
– –
VNET
20
VNET Group
VNET
$2.2B
$12.1M 0.32%
2,964,552
– –
LANV icon
21
Lanvin Group Holdings
LANV
$153M
$7.7M 0.2%
4,500,000
– –
BZ icon
22
Kanzhun
BZ
$6.77B
$4.95M 0.13%
285,300
-2,536,220
-90% -$36.9M
WBTN
23
WEBTOON Entertainment Inc
WBTN
$1.45B
$3.43M 0.09%
300,000
– –
PRE icon
24
Prenetics Global
PRE
$321M
$1.39M 0.04%
346,150
– –
RBOT
25
DELISTED
Vicarious Surgical
RBOT
$492K 0.01%
86,666
– –
1
2

Similar funds

EDRH
Edmond de Rothschild Holding Chambesy, Switzerland $6.91B AUM 19.7% 1-Year Est. Return
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 Q3 2024 Portfolio in Review

As of Q3 2024, Aspex Management (HK) held 41 positions worth $3.78B, down 19% from $4.68B the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Aspex Management (HK) withdrew a net $1.44B in Q3 2024, closing 11 positions and reducing 9 holdings. Its most notable exit was Dell, an estimated $241M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 35% of assets, up from 27% a quarter earlier, followed by Technology and Financials.

Against the trend, Aspex Management (HK) opened a new position in NVIDIA worth $308M.

  • Aspex Management (HK)'s largest Q3 2024 buy was NVIDIA: 2,537,119 shares worth $308M.
  • Aspex Management (HK) added most to New Oriental in Q3 2024, an estimated $104M increase.
  • Aspex Management (HK)'s biggest Q3 2024 reduction was Marvell Technology, cutting an estimated $207M.
  • Aspex Management (HK) fully exited Dell in Q3 2024, selling an estimated $241M.
  • Aspex Management (HK)'s ten largest holdings make up 76% of its $3.78B portfolio in Q3 2024.
  • Aspex Management (HK) opened 4 new positions and closed 11 in Q3 2024.
  • Aspex Management (HK)'s portfolio value fell 19% quarter-over-quarter to $3.78B.

Based on Aspex Management (HK)'s 13F filing for Q3 2024, filed 14 Nov 2024.