APEIRON CAPITAL Ltd

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 22, 2026), APEIRON CAPITAL Ltd reported 12 stock positions worth $106.9 million. Its top holding was On Class A (ONON) at 31.7% of the portfolio, followed by Summit Therapeutics (SMMT, 23.2%) and Qfin Holdings Inc.-ADR (QFIN, 12.5%). Compared with Q4 2025, it opened 8 new positions, sold out of 1, added to 2 and reduced 1. The biggest buy was a new position in Micron Technology (MU) and the biggest sale Summit Therapeutics (SMMT, shares −0%).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001843111
Portfolio Value
$106.9M (Q1 2026)
SEC Filing
0001843111-26-000003 ↗ filed Apr 22, 2026

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $197.9M Q1 2024 Q2 2024: $286.6M Q2 2024 Q3 2024: $280.3M Q3 2024 Q4 2024: $268.3M Q4 2024 Q1 2025: $217.6M Q1 2025 Q2 2025: $105.9M Q2 2025 Q3 2025: $210.4M Q3 2025 Q4 2025: $86.5M Q4 2025 Q1 2026: $106.9M $106.9M Q1 2026 Q2 2026: $155.7M Q2 2026

Holdings 12 stocks · $106.9M
ONON On Holding AG Class A filed as ON HLDG AG 31.69% 996,052 $33.9M Add +25.2%
SMMT Summit Therapeutics Inc. 23.22% 1,309,141 $24.8M Reduce -0.0%
QFIN Qfin Holdings Inc.-ADR 12.46% 1,032,055 $13.3M Add +0.5%
MU Micron Technology Inc. 6.92% 21,900 $7.4M New
U Unity Software Inc. 5.14% 250,600 $5.5M New
AMZN Amazon.com Inc. 4.77% 24,500 $5.1M New
KWEB Kranesh Csi China Internet 3.32% 125,000 $3.6M No change
TCOM Trip.com Group Ltd.-ADR 3.26% 70,000 $3.5M New
TSM Taiwan Semiconductor-SP ADR 2.78% 8,800 $3.0M New
FTAI Ftai Aviation Ltd. 2.52% 11,000 $2.7M New
SNPS Synopsys Inc. 2.22% 6,000 $2.4M New
HOOD Robinhood Markets Inc. Class A 1.69% 26,000 $1.8M New

Options reported separately and not counted above: PDD calls ($4K).

Portfolio Sells Q4 2025 → Q1 2026
SMMT Summit Therapeutics Inc. Reduce -0.0% 23.22% −3.27
VRT Vertiv Holdings Co. Class A Sold out 0.00% −2.92

Portfolio Buys Q4 2025 → Q1 2026
MU Micron Technology Inc. New 6.92% +6.92
U Unity Software Inc. New 5.14% +5.14
AMZN Amazon.com Inc. New 4.77% +4.77
TCOM Trip.com Group Ltd.-ADR New 3.26% +3.26
TSM Taiwan Semiconductor-SP ADR New 2.78% +2.78
FTAI Ftai Aviation Ltd. New 2.52% +2.52
SNPS Synopsys Inc. New 2.22% +2.22
HOOD Robinhood Markets Inc. Class A New 1.69% +1.69
QFIN Qfin Holdings Inc.-ADR Add +0.5% 12.46% −10.43
ONON On Holding AG Class A Add +25.2% 31.69% −11.09

Options Activity Q4 2025 → Q1 2026
PDD PDD Holdings Inc. call New 83,000 $4K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 14$155.7MMUU, ONON, ABVX, QFIN, SMMT
Q1 2026 12$106.9MONON, SMMT, QFIN, MU, U
Q4 2025 5$86.5MONON, SMMT, QFIN, KWEB, VRT
Q3 2025 8$210.4MNVDL, ONON, SMMT, SBET, QFIN
Q2 2025 5$105.9MONON, QFIN, SMMT, NVDA, IBIT
Q1 2025 11$217.6MNVDL, ONON, NVDA, QFIN, TSLA
Q4 2024 13$268.3MNVDL, ONON, TSLA, NVDA, NTES
Q3 2024 10$280.3MNVDL, ONON, NVDA, PDD, TSLA
Q2 2024 11$286.6MNVDL, ONON, PDD, STAA, MSFT
Q1 2024Amended 12$197.9MCOIN, ONON, STAA, CONL, NTES