Aspex Management (HK) Ltd In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Aspex Management (HK) Ltd reported 24 stock positions worth $8.9 billion . Its top holding was Synopsys (SNPS) at 15.6% of the portfolio, followed by Qualcomm (QCOM, 13.2% ) and MKS (MKSI, 9.1% ). Compared with Q1 2026, it opened 4 new positions, sold out of 6, added to 6 and reduced 5. The biggest buy was a new position in Qualcomm (QCOM) and the biggest sale an exit from Nvidia (NVDA).
Location CENTRAL, K3
CIK 0001768375
Portfolio Value $8.9B (Q2 2026) Holdings 24 stocks · $8.9B 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 SNPS Synopsys Inc. 3,112,646 $1.4B Add +16.6% QCOM Qualcomm Inc. 6,360,236 $1.2B New MKSI MKS Inc. 1,820,441 $809.7M Add +18.3% CRWV Coreweave Inc. Class A 7,960,201 $792.4M Add +12.2% CVNA Carvana Co. 10,891,999 $716.9M Add +19.8% CPNG Coupang Inc. 38,028,965 $660.6M Add +137.1% SE Sea Ltd.-ADR 4,870,097 $466.7M No change FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 4,572,746 $428.6M No change GLW Corning Inc. 1,477,410 $377.4M Reduce -41.9% TER Teradyne Inc. 631,941 $305.8M Add +24.9% AS Amer Sports Inc. 8,268,605 $279.8M No change INIO Innio NV 6,851,716 $271.0M New NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 16,289,511 $217.6M New EDU New Oriental Educatio-SP ADR 4,523,574 $207.7M Reduce -0.2% GRAB Grab Holdings Ltd. Class A 54,334,024 $204.8M Reduce -8.4% F Ford Motor Co. filed as FORD MTR CO 11,888,605 $165.3M New QFIN Qfin Holdings Inc.-ADR 6,422,510 $101.5M No change TCOM Trip.com Group Ltd.-ADR 2,329,290 $92.8M No change LITE Lumentum Holdings Inc. 87,237 $74.9M Reduce -57.2% NIO Nio Inc. - ADR 13,141,609 $66.5M No change PONY Pony AI Inc. 4,140,447 $28.8M No change NTES Netease Inc.-ADR 147,655 $18.9M No change RLX RLX Technology Inc.-ADR 7,901,172 $15.0M No change LANV Lanvin Group Holdings Ltd. 4,491,686 $6.6M Reduce -0.2%
Options reported separately and not counted above: QUALCOMM INC calls ($18.0M), GRAB HOLDINGS LIMITED calls ($305K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $15K (not counted above) Security Class Shares / Principal Value Change PRENW Prenetics Global Ltd. -CW26 *W EXP 05/18/202 1,166,666 $15K No change
Total filed on the 13F, all lines: $8.9B.
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 ▲ NVDA Nvidia Corp. Sold out 0.00% −13.08 YMM Full Truck Alliance -SPN ADR Sold out 0.00% −2.62 ATAT Atour Lifestyle Holdings-ADR Sold out 0.00% −1.90 EDU New Oriental Educatio-SP ADR Reduce -0.2% 2.34% −1.38 LITE Lumentum Holdings Inc. Reduce -57.2% 0.84% −1.23 H WORLD GROUP LTD (HTHT 3 05/01/26) Sold out 0.00% −0.98 GRAB Grab Holdings Ltd. Class A Reduce -8.4% 2.31% −0.84 GLW Corning Inc. Reduce -41.9% 4.25% −0.76 PRE Prenetics Global Ltd. Class A Sold out 0.00% −0.10 LANV Lanvin Group Holdings Ltd. Reduce -0.2% 0.07% −0.02 RBOT Vicarious Surgical Inc. Class A Sold out 0.00% −0.00
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 ▼ QCOM Qualcomm Inc. New 13.25% +13.25 MKSI MKS Inc. Add +18.3% 9.13% +4.00 CPNG Coupang Inc. Add +137.1% 7.44% +3.05 INIO Innio NV New 3.05% +3.05 NU Nu Holdings Ltd./Cayman Isl-A New 2.45% +2.45 F Ford Motor Co. New 1.86% +1.86 TER Teradyne Inc. Add +24.9% 3.45% +1.27 CRWV Coreweave Inc. Class A Add +12.2% 8.93% +0.96 SNPS Synopsys Inc. Add +16.6% 15.65% +0.30 CVNA Carvana Co. Add +19.8% 8.08% −0.21
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ QUALCOMM INC call New 1,600,000 $18.0M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026 Security Class Change vs Q1 2026 Shares / Principal Value ▼ LANWF Lanvin Group Holdings Ltd.-27 *W EXP 01/14/202 Sold out 1,000,000 $11Kbefore exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 24 $8.9B SNPS, QCOM, MKSI, CRWV, CVNA Q1 2026 26 $6.9B SNPS, NVDA, FUTU, CVNA, CRWV Q4 2025 21 $4.9B SNPS, FUTU, NVDA, SE, PDD Q3 2025 23 $4.7B SE, SNPS, FUTU, PDD, EDU Q2 2025 23 $4.6B SE, FUTU, TSM, EDU, SNPS Q1 2025 27 $3.9B SE, TSM, FUTU, EDU, QFIN Q4 2024 30 $3.7B SE, EDU, TER, QFIN, FUTU Q3 2024 28 $3.8B SE, FUTU, EDU, TER, NVDA Q2 2024 35 $4.7B MRVL, TER, SE, FUTU, EDU Q1 2024 32 $3.7B SE, MRVL, MU, DASH, FUTU