In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 6, 2026), APEIRON CAPITAL Ltd reported 14 stock positions worth $155.7 million . Its top holding was Direxion Daily Mu Bull 2X Et (MUU) at 22.9% of the portfolio, followed by On Class A (ONON, 18.1% ) and Abivax SA-ADR (ABVX, 11.2% ). Compared with Q1 2026, it opened 9 new positions, sold out of 7, added to 1 and reduced 3. The biggest buy was a new position in Direxion Daily Mu Bull 2X Et (MUU) and the biggest sale Summit Therapeutics (SMMT, shares −27% ).
Location HONG KONG, K3
CIK 0001843111
Portfolio Value $155.7M (Q2 2026) Holdings 14 stocks · $155.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 MUU Direxion Daily Mu Bull 2X Et 34,000 $35.7M New ONON On Holding AG Class A filed as ON HLDG AG 795,852 $28.2M Reduce -20.1% ABVX Abivax SA-ADR 130,600 $17.4M New QFIN Qfin Holdings Inc.-ADR 976,185 $15.4M Reduce -5.4% SMMT Summit Therapeutics Inc. 961,866 $14.0M Reduce -26.5% TSM Taiwan Semiconductor-SP ADR 17,900 $8.5M Add +103.4% WDC Western Digital Corp. 13,000 $8.3M New NKTR Nektar Therapeutics 106,431 $7.4M New NOK Nokia Corp.-Spon ADR 378,500 $5.0M New STX Seagate Technology Holdings 5,000 $4.8M New SNDK Sandisk Corp. 1,580 $3.6M New LITE Lumentum Holdings Inc. 3,500 $3.0M New TCOM Trip.com Group Ltd.-ADR 70,000 $2.8M No change POET Poet Technologies Inc. 142,000 $1.5M New
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ SMMT Summit Therapeutics Inc. Reduce -26.5% 9.00% −14.21 ONON On Holding AG Class A Reduce -20.1% 18.11% −13.59 MU Micron Technology Inc. Sold out 0.00% −6.92 U Unity Software Inc. Sold out 0.00% −5.14 AMZN Amazon.com Inc. Sold out 0.00% −4.77 KWEB Kranesh Csi China Internet Sold out 0.00% −3.32 QFIN Qfin Holdings Inc.-ADR Reduce -5.4% 9.91% −2.55 FTAI Ftai Aviation Ltd. Sold out 0.00% −2.52 SNPS Synopsys Inc. Sold out 0.00% −2.22 HOOD Robinhood Markets Inc. Class A Sold out 0.00% −1.69
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ MUU Direxion Daily Mu Bull 2X Et New 22.90% +22.90 ABVX Abivax SA-ADR New 11.18% +11.18 WDC Western Digital Corp. New 5.33% +5.33 NKTR Nektar Therapeutics New 4.77% +4.77 NOK Nokia Corp.-Spon ADR New 3.23% +3.23 STX Seagate Technology Holdings New 3.10% +3.10 TSM Taiwan Semiconductor-SP ADR Add +103.4% 5.49% +2.71 SNDK Sandisk Corp. New 2.31% +2.31 LITE Lumentum Holdings Inc. New 1.93% +1.93 POET Poet Technologies Inc. New 0.94% +0.94
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ PDD PDD Holdings Inc. call Sold out 83,000 $4Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 14 $155.7M MUU, ONON, ABVX, QFIN, SMMT Q1 2026 12 $106.9M ONON, SMMT, QFIN, MU, U Q4 2025 5 $86.5M ONON, SMMT, QFIN, KWEB, VRT Q3 2025 8 $210.4M NVDL, ONON, SMMT, SBET, QFIN Q2 2025 5 $105.9M ONON, QFIN, SMMT, NVDA, IBIT Q1 2025 11 $217.6M NVDL, ONON, NVDA, QFIN, TSLA Q4 2024 13 $268.3M NVDL, ONON, TSLA, NVDA, NTES Q3 2024 10 $280.3M NVDL, ONON, NVDA, PDD, TSLA Q2 2024 11 $286.6M NVDL, ONON, PDD, STAA, MSFT Q1 2024 Amended 12 $197.9M COIN, ONON, STAA, CONL, NTES