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HVCM
Hel Ved Capital Management Portfolio holdings
AUM
$844M
1-Year Est. Return
191.74%
This Fund
S&P 500
This Quarter
Est. Return
+28.48%
1 Year Est. Return
+191.74%
3 Year Est. Return
+763%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$372M
AUM Growth
-$103M
(-22%)
Cap. Flow
-$123M
Cap. Flow
% of AUM
-33.14%
Top 10 Holdings %
Top 10 Hldgs %
53.89%
Holding
101
New
25
Increased
15
Reduced
10
Closed
49
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lumentum
LITE
|
+$23.5M |
| 2 |
Coherent
COHR
|
+$14.3M |
| 3 |
Tesla
TSLA
|
+$12.7M |
| 4 |
SOLS
Solstice Advanced Materials
SOLS
|
+$11.5M |
| 5 |
LGN
Legence Corp
LGN
|
+$10.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
New Oriental
EDU
|
+$10.9M |
| 2 |
Keysight
KEYS
|
+$5.73M |
| 3 |
NetEase
NTES
|
+$5.35M |
| 4 |
DQ
Daqo New Energy
DQ
|
+$5.25M |
| 5 |
Visa
V
|
+$5.06M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 45.45% |
| 2 | Industrials | 19.35% |
| 3 | Consumer Discretionary | 4.98% |
| 4 | Materials | 3.19% |
| 5 | Communication Services | 2.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Okta
OKTA
$25.8B
| – | – |
-5,760
| Closed | -$528K |
|
77
CALL
Oracle
ORCL
$423B
| – | – |
-78,500
| Closed | -$22.1M |
|
78
Procore
PCOR
$8.67B
| – | – |
-17,430
| Closed | -$1.27M |
|
79
Powell Industries
POWL
$7.71B
| – | – |
-12,600
| Closed | -$1.28M |
|
80
PUT
Invesco QQQ Trust
QQQ
$481B
| – | – |
-20,000
| Closed | -$12M |
|
81
CALL
QuantumScape Corp
QS
$3.74B
| – | – |
-807,600
| Closed | -$9.95M |
|
|
82
PUT
QuantumScape Corp
QS
$3.74B
| – | – |
-554,600
| Closed | -$6.83M |
|
83
Roblox
RBLX
$27B
| – | – |
-12,400
| Closed | -$1.72M |
|
|
RERE
84
ATRenew
RERE
$1.01B
| – | – |
-50,000
| Closed | -$230K |
|
85
Spotify
SPOT
$100B
| – | – |
-2,310
| Closed | -$1.61M |
|
86
Trip.com Group
TCOM
$29.1B
| – | – |
-13,700
| Closed | -$1.03M |
|
87
Atlassian
TEAM
$37.8B
| – | – |
-17,635
| Closed | -$2.82M |
|
88
Tencent Music
TME
$15.6B
| – | – |
-72,200
| Closed | -$1.69M |
|
89
Twilio
TWLO
$36.6B
| – | – |
-13,350
| Closed | -$1.34M |
|
90
CALL
Unity
U
$18.9B
| – | – |
-250,000
| Closed | -$10M |
|
|
91
Visa
V
$677B
| – | – |
-14,815
| Closed | -$5.06M |
|
92
Varonis Systems
VRNS
$5B
| – | – |
-35,170
| Closed | -$2.02M |
|
93
WIX.com
WIX
$2.52B
| – | – |
-4,520
| Closed | -$803K |
|
94
Zillow
Z
$7.56B
| – | – |
-7,050
| Closed | -$543K |
|
95
CALL
Reddit
RDDT
$31.1B
| – | – |
-69,300
| Closed | -$15.9M |
|
|
96
Reddit
RDDT
$31.1B
| – | – |
-15,925
| Closed | -$3.66M |
|
|
SEI
97
Solaris Energy Infrastructure
SEI
$3.82B
| – | – |
-91,600
| Closed | -$3.66M |
|
|
XYZ
98
Block Inc
XYZ
$47.5B
| – | – |
-6,055
| Closed | -$438K |
|
|
SNDK
99
CALL
Sandisk
SNDK
$177B
| – | – |
-899,600
| Closed | -$101M |
|
|
CRWV
100
CALL
CoreWeave
CRWV
$49.5B
| – | – |
-162,000
| Closed | -$22.2M |
|
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Hel Ved Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Hel Ved Capital Management held 101 positions worth $372M, down 22% from $475M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Hel Ved Capital Management withdrew a net $123M in Q4 2025, closing 49 positions and reducing 10 holdings. Its most notable exit was New Oriental, an estimated $10.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 45% of assets, up from 21% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Hel Ved Capital Management opened a new position in Lumentum worth $33.7M.
- Hel Ved Capital Management's largest Q4 2025 buy was Lumentum: 91,388 shares worth $33.7M.
- Hel Ved Capital Management added most to Coherent in Q4 2025, an estimated $14.3M increase.
- Hel Ved Capital Management's biggest Q4 2025 reduction was Keysight, cutting an estimated $5.73M.
- Hel Ved Capital Management fully exited New Oriental in Q4 2025, selling an estimated $10.9M.
- Hel Ved Capital Management's ten largest holdings make up 54% of its $372M portfolio in Q4 2025.
- Hel Ved Capital Management opened 25 new positions and closed 49 in Q4 2025.
- Hel Ved Capital Management's portfolio value fell 22% quarter-over-quarter to $372M.
Based on Hel Ved Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.