APEIRON CAPITAL Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 25, 2025), APEIRON CAPITAL Ltd reported 5 stock positions worth $105.9 million. Its top holding was On Class A (ONON) at 33.0% of the portfolio, followed by Qfin Holdings Inc.-ADR (QFIN, 22.4%) and Summit Therapeutics (SMMT, 21.9%). Compared with Q1 2025, it opened 2 new positions, sold out of 8, added to 1 and reduced 2. The biggest buy was a new position in Summit Therapeutics (SMMT) and the biggest sale an exit from Granitesh 2X LNG Nvda ETF (NVDL).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001843111
- Portfolio Value
- $105.9M (Q2 2025)
- SEC Filing
- 0001843111-25-000007 ↗ filed Jul 25, 2025
Holdings Value
Holdings 5 stocks · $105.9M
| ONON On Holding AG Class A filed as ON HLDG AG | 33.00% | 795,852 | $35.0M | Reduce -20.4% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 22.39% | 538,055 | $23.7M | Add +27.1% |
| SMMT Summit Therapeutics Inc. | 21.87% | 1,200,941 | $23.2M | New |
| NVDA Nvidia Corp. | 16.41% | 160,400 | $17.4M | Reduce -26.9% |
| IBIT iShares Bitcoin Trust ETF | 6.34% | 143,400 | $6.7M | New |
Portfolio Sells Q1 2025 → Q2 2025
| NVDL Granitesh 2X LNG Nvda ETF | Sold out | 0.00% | −32.66 |
| TSLA Tesla Inc. | Sold out | 0.00% | −8.64 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −7.15 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −4.63 |
| FLG Flagstar Bank NA | Sold out | 0.00% | −4.38 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −2.18 |
| CAVA Cava Group Inc. | Sold out | 0.00% | −0.36 |
| GDS GDS Holdings Ltd. - ADR | Sold out | 0.00% | −0.18 |
| NVDA Nvidia Corp. | Reduce -26.9% | 16.41% | +5.49 |
| ONON On Holding AG Class A | Reduce -20.4% | 33.00% | +12.83 |
Portfolio Buys Q1 2025 → Q2 2025
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 2024Amended | 12 | $197.9M | COIN, ONON, STAA, CONL, NTES |