Point72 Hong Kong Portfolio holdings
Point72 Hong Kong is the Hong Kong arm of Point72, the alternative investment firm led by Steven A. Cohen, and serves as the base for Point72's Asia-Pacific business. Point72 opened the office in November 2006 and kept expanding it through the global financial crisis, then added Singapore in 2009 and Tokyo in 2011. The entity traces back to SAC Capital, which Cohen founded in 1992: it filed as S.A.C. Capital Advisors (Hong Kong) in early 2014, then as Point72 Asia (Hong Kong) until 2018. Across Point72, the main business is stock picking by sector-focused teams that each follow their own investing style, alongside the computer-driven strategies of Cubist Systematic Strategies.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$149M |
| 2 |
Pinduoduo
PDD
|
+$128M |
| 3 |
Pony AI Inc
PONY
|
+$84M |
| 4 |
Wolverine World Wide
WWW
|
+$83.7M |
| 5 |
WeRide Inc
WRD
|
+$45.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Futu Holdings
FUTU
|
+$74.8M |
| 2 |
Tapestry
TPR
|
+$44.7M |
| 3 |
Hesai Group
HSAI
|
+$28.1M |
| 4 |
AbbVie
ABBV
|
+$22.4M |
| 5 |
Intel
INTC
|
+$22.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 46.26% |
| 2 | Consumer Discretionary | 22.43% |
| 3 | Industrials | 6.87% |
| 4 | Financials | 6.28% |
| 5 | Healthcare | 5.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$4.51T
| $250M | 11.48% |
1,340,743
+857,464
| +177% | +$149M |
2025 Q2
1 quarter
|
|
|
2
Pinduoduo
PDD
$118B
| $208M | 9.57% |
1,577,173
+1,077,365
| +216% | +$128M |
2025 Q1
2 quarters
|
|
|
3
Pony AI Inc
PONY
$2.07B
| $124M | 5.7% |
+5,522,833
| New | +$84M |
2025 Q3
0 quarters
|
|
|
4
Wolverine World Wide
WWW
$1.75B
| $87.3M | 4.01% |
+3,179,670
| New | +$83.7M |
2025 Q3
0 quarters
|
|
5
Amer Sports
AS
$18.3B
| $63.4M | 2.91% |
1,823,422
+259,139
| +17% | +$9.8M |
2025 Q2
1 quarter
|
|
6
VNET Group
VNET
$901M
| $52M | 2.39% |
5,037,631
+3,186,692
| +172% | +$26.8M |
2025 Q1
2 quarters
|
|
|
7
WeRide Inc
WRD
$1.47B
| $47.9M | 2.2% |
4,838,204
+4,838,115
| +5,436,084% | +$45.9M |
2025 Q2
1 quarter
|
|
8
Alphabet (Google) Class C
GOOG
$3.49T
| $40.8M | 1.87% |
+167,600
| New | +$35.2M |
2025 Q3
0 quarters
|
|
9
Western Digital
WDC
$98.7B
| $33.7M | 1.55% |
+280,836
| New | +$23M |
2025 Q3
0 quarters
|
|
10
Coherent
COHR
$38B
| $30.3M | 1.39% |
281,128
-203,367
| -42% | -$20.3M |
2025 Q2
1 quarter
|
|
11
TSMC
TSM
$1.95T
| $29.8M | 1.37% |
106,829
+54,665
| +105% | +$13.4M |
2025 Q2
1 quarter
|
|
12
Seagate
STX
$106B
| $29.1M | 1.33% |
123,115
+88,516
| +256% | +$15.1M |
2025 Q2
1 quarter
|
|
13
TTM Technologies
TTMI
$7.01B
| $27.4M | 1.26% |
475,140
+288,538
| +155% | +$13.4M |
2025 Q2
1 quarter
|
|
14
Boston Scientific
BSX
$62B
| $26.5M | 1.22% |
271,689
+234,224
| +625% | +$24.3M |
2024 Q4
3 quarters
|
|
15
Broadcom
AVGO
$1.4T
| $25.7M | 1.18% |
+77,862
| New | +$23.9M |
2025 Q3
0 quarters
|
|
16
Zepp Health
ZEPP
$33M
| $25.1M | 1.15% |
+548,563
| New | +$16.6M |
2025 Q3
0 quarters
|
|
17
Bitdeer Technologies
BTDR
$1.63B
| $24.7M | 1.13% |
+1,444,150
| New | +$20.3M |
2025 Q3
0 quarters
|
|
18
Ferguson
FERG
$45.2B
| $23.9M | 1.1% |
+106,486
| New | +$24.1M |
2025 Q3
0 quarters
|
|
19
Onto Innovation
ONTO
$8.5B
| $23.4M | 1.07% |
181,055
+81,539
| +82% | +$8.73M |
2025 Q2
1 quarter
|
|
20
GDS Holdings
GDS
$4.48B
| $20.1M | 0.92% |
+518,463
| New | +$18.4M |
2025 Q3
0 quarters
|
|
21
Autodesk
ADSK
$54.7B
| $20M | 0.92% |
62,986
+27,312
| +77% | +$8.32M |
2025 Q1
2 quarters
|
|
22
Sandisk
SNDK
$119B
| $20M | 0.92% |
+178,199
| New | +$10.4M |
2025 Q3
0 quarters
|
|
23
Amazon
AMZN
$2.8T
| $19.9M | 0.91% |
90,708
-19,545
| -18% | -$4.42M |
2024 Q4
3 quarters
|
|
24
Qfin Holdings
QFIN
$678M
| $19M | 0.87% |
659,601
-263,029
| -29% | -$8.94M |
2023 Q4
7 quarters
|
|
25
KKR & Co
KKR
$86.6B
| $18.2M | 0.83% |
+139,774
| New | +$19.8M |
2025 Q3
0 quarters
|
|
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Point72 Hong Kong's Q3 2025 Portfolio in Review
As of Q3 2025, Point72 Hong Kong held 681 positions worth $2.18B, up 41% from $1.54B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Point72 Hong Kong deployed $527M of net new capital in Q3 2025, opening 246 new positions and adding to 92 existing holdings. Its largest new stake was Pony AI Inc: 5,522,833 shares worth $124M.
By sector, the portfolio is most concentrated in Technology at 46% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was Coherent, an estimated $20.3M trimmed.
- Point72 Hong Kong's largest Q3 2025 buy was Pony AI Inc: 5,522,833 shares worth $124M.
- Point72 Hong Kong added most to NVIDIA in Q3 2025, an estimated $149M increase.
- Point72 Hong Kong's biggest Q3 2025 reduction was Coherent, cutting an estimated $20.3M.
- Point72 Hong Kong fully exited Futu Holdings in Q3 2025, selling an estimated $74.8M.
- Point72 Hong Kong's ten largest holdings make up 43% of its $2.18B portfolio in Q3 2025.
- Point72 Hong Kong opened 246 new positions and closed 251 in Q3 2025.
- Point72 Hong Kong's portfolio value rose 41% quarter-over-quarter to $2.18B.
Based on Point72 Hong Kong's 13F filing for Q3 2025, filed 14 Nov 2025.