Ariose Capital Management Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 30, 2024), Ariose Capital Management Ltd reported 12 stock positions worth $189.9 million. Its top holding was Nvidia (NVDA) at 32.3% of the portfolio, followed by Netease Inc.-ADR (NTES, 20.2%) and Daqo New Energy Corp.-ADR (DQ, 14.1%). Compared with Q4 2023, it opened 7 new positions, sold out of 12, added to 2 and reduced 1. The biggest buy was a new position in Nvidia (NVDA) and the biggest sale an exit from Acm Research Class A (ACMR).
- Most Recent 13F
- Q2 2026
- Location
- CENTRAL, HONG KONG, K3
- CIK
- 0001665925
- Portfolio Value
- $189.9M (Q1 2024)
- SEC Filing
- 0001085146-24-002106 ↗ filed Apr 30, 2024
Holdings Value
Holdings 12 stocks · $189.9M
| NVDA Nvidia Corp. | 32.30% | 67,872 | $61.3M | New |
| NTES Netease Inc.-ADR | 20.20% | 370,721 | $38.4M | Add +95.5% |
| DQ Daqo New Energy Corp.-ADR | 14.13% | 952,924 | $26.8M | Add +19.1% |
| VIPS Vipshop Holdings Ltd. - ADR | 11.89% | 1,364,425 | $22.6M | Reduce -31.7% |
| NFLX Netflix Inc. | 7.01% | 21,900 | $13.3M | New |
| BIDU Baidu Inc. - Spon ADR | 6.93% | 124,900 | $13.1M | New |
| TCOM Trip.com Group Ltd.-ADR | 1.60% | 69,300 | $3.0M | New |
| CRWD CrowdStrike Holdings Inc. Class A | 1.57% | 9,300 | $3.0M | New |
| COIN Coinbase Global Inc. Class A | 1.56% | 11,200 | $3.0M | New |
| NOC Northrop Grumman Corp. | 1.51% | 6,000 | $2.9M | No change |
| HOLI Hollysys Automation Technolo | 0.80% | 59,719 | $1.5M | No change |
| URA Global X Uranium ETF | 0.49% | 32,310 | $931K | New |
Portfolio Sells Q4 2023 → Q1 2024
| ACMR Acm Research Inc. Class A | Sold out | 0.00% | −15.09 |
| EDU New Oriental Educatio-SP ADR | Sold out | 0.00% | −11.94 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −11.53 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −9.56 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −8.34 |
| TAL Tal Education Group- ADR | Sold out | 0.00% | −4.00 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −3.26 |
| TSLA Tesla Inc. | Sold out | 0.00% | −2.21 |
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -31.7% | 11.89% | −1.95 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −1.32 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −1.20 |
| CAN Canaan Inc. | Sold out | 0.00% | −0.41 |
| ATAT Atour Lifestyle Holdings-ADR | Sold out | 0.00% | −0.40 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | New | 32.30% | +32.30 |
| NTES Netease Inc.-ADR | Add +95.5% | 20.20% | +13.31 |
| NFLX Netflix Inc. | New | 7.01% | +7.01 |
| BIDU Baidu Inc. - Spon ADR | New | 6.93% | +6.93 |
| DQ Daqo New Energy Corp.-ADR | Add +19.1% | 14.13% | +5.83 |
| TCOM Trip.com Group Ltd.-ADR | New | 1.60% | +1.60 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 1.57% | +1.57 |
| COIN Coinbase Global Inc. Class A | New | 1.56% | +1.56 |
| URA Global X Uranium ETF | New | 0.49% | +0.49 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 19 | $234.1M | SNDK, STX, AMD, MRVL, SOXX |
| Q1 2026 | 15 | $148.9M | AXTI, STX, GLW, VICR, DQ |
| Q4 2025 | 14 | $298.5M | GOOGL, NVDA, U, TER, JOYY |
| Q3 2025 | 35 | $298.2M | NVDA, JOYY, GOOGL, COHR, U |
| Q2 2025 | 18 | $158.2M | META, GOOGL, NVDA, MELI, SLV |
| Q1 2025 | 12 | $91.2M | TCOM, GLD, LMT, GOOGL, NTES |
| Q4 2024 | 13 | $120.8M | DQ, NFLX, TSLA, AVGO, EDU |
| Q3 2024 | 9 | $116.8M | NFLX, DQ, NVDA, LI, TME |
| Q2 2024 | 13 | $131.0M | NTES, TCOM, NFLX, DQ, EDU |
| Q1 2024 | 12 | $189.9M | NVDA, NTES, DQ, VIPS, NFLX |