APEIRON CAPITAL Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 28, 2025), APEIRON CAPITAL Ltd reported 8 stock positions worth $210.4 million. Its top holding was Granitesh 2X LNG Nvda ETF (NVDL) at 41.8% of the portfolio, followed by On Class A (ONON, 16.0%) and Summit Therapeutics (SMMT, 12.9%). Compared with Q2 2025, it opened 5 new positions, sold out of 2 and added to 2. The biggest buy was a new position in Granitesh 2X LNG Nvda ETF (NVDL) and the biggest sale an exit from Nvidia (NVDA).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001843111
- Portfolio Value
- $210.4M (Q3 2025)
- SEC Filing
- 0001843111-25-000008 ↗ filed Oct 28, 2025
Holdings Value
Holdings 8 stocks · $210.4M
| NVDL Granitesh 2X LNG Nvda ETF | 41.82% | 940,000 | $88.0M | New |
| ONON On Holding AG Class A filed as ON HLDG AG | 16.02% | 795,852 | $33.7M | No change |
| SMMT Summit Therapeutics Inc. | 12.87% | 1,310,941 | $27.1M | Add +9.2% |
| SBET Sharplink Inc. | 10.95% | 1,354,400 | $23.0M | New |
| QFIN Qfin Holdings Inc.-ADR | 10.85% | 793,455 | $22.8M | Add +47.5% |
| ETHA iShares Ethereum Trust ETF | 4.27% | 285,400 | $9.0M | New |
| SOXL Direx Dail Semi Bu 3X Et-Usd | 1.99% | 120,000 | $4.2M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 1.24% | 15,000 | $2.6M | New |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
| NVDL Granitesh 2X LNG Nvda ETF | New | 41.82% | +41.82 |
| SBET Sharplink Inc. | New | 10.95% | +10.95 |
| ETHA iShares Ethereum Trust ETF | New | 4.27% | +4.27 |
| SOXL Direx Dail Semi Bu 3X Et-Usd | New | 1.99% | +1.99 |
| FUTU Futu Holdings Ltd.-ADR | New | 1.24% | +1.24 |
| SMMT Summit Therapeutics Inc. | Add +9.2% | 12.87% | −9.00 |
| QFIN Qfin Holdings Inc.-ADR | Add +47.5% | 10.85% | −11.54 |
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 |