In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Avenir Tech Ltd reported 36 stock positions worth $1.2 billion . Its top holding was iShares Bitcoin Trust ETF (IBIT) at 86.4% of the portfolio, followed by Up Fintech Holding Ltd. - ADR (TIGR, 8.8% ) and Reddit Class A (RDDT, 0.6% ). Compared with Q1 2025, it opened 18 new positions, sold out of 3, added to 6 and reduced 4. The biggest buy was Up Fintech Holding Ltd. - ADR (TIGR, shares +297% ) and the biggest sale an exit from Boeing (BA).
Location CENTRAL, HONG KONG, K3
CIK 0002029708
Portfolio Value $1.2B (Q2 2025) Holdings 36 stocks · $1.2B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2025 IBIT iShares Bitcoin Trust ETF 16,558,663 $1.0B Add +12.1% TIGR Up Fintech Holding Ltd. - ADR 10,667,581 $102.9M Add +296.6% RDDT Reddit Inc. Class A 50,000 $7.5M New FBTC Fidelity Wise Origin Bitcoin 58,618 $5.5M Reduce -0.0% OKLO Oklo Inc. 87,050 $4.9M New IBKR Interactive Brokers Gro Class A 82,016 $4.5M New TSM Taiwan Semiconductor-SP ADR 19,900 $4.5M Add +11.2% MU Micron Technology Inc. 32,000 $3.9M New AMZN Amazon.com Inc. 16,600 $3.6M Add +38.3% BABA Alibaba Group Holding-SP ADR 26,000 $2.9M New APP AppLovin Corp. Class A 7,600 $2.7M New MSFT Microsoft Corp. 5,000 $2.5M Add +376.2% PDD PDD Holdings Inc. 22,000 $2.3M New AFRM Affirm Holdings Inc. 28,000 $1.9M New CRCL Circle Internet Group Inc. 10,000 $1.8M New SNPS Synopsys Inc. 3,500 $1.8M New HSAI Hesai Group 75,000 $1.6M New DDOG Datadog Inc. Class A 10,000 $1.3M New RBRK Rubrik Inc. Class A 14,000 $1.3M New GOOG Alphabet Inc. Class C 5,100 $905K Add +5000.0% CYBR Cyberark Software Ltd./Israel 1,000 $407K New COIN Coinbase Global Inc. Class A 574 $201K New META Meta Platforms Inc. Class A 50 $37K Reduce -92.7% GS Goldman Sachs Group Inc. 50 $35K No change AAPL Apple Inc. 100 $21K Reduce -95.8% NVDA Nvidia Corp. 6 $948 Reduce -99.8% FBT First Trust Nyse Arca Biotec 1 $161 No change FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 1 $124 New KO The Coca-Cola Co. 1 $71 New INTC Intel Corp. 2 $45 No change VIXM Proshares Vix Mid-Term Fut 1 $17 No change UNG US Natural Gas Fund LP 1 $15 No change DSU BlackRock Debt Strategies 1 $11 No change YOLO Advisorshares Pure Cannabis 1 $2 No change DZZ DB Gold Double Short ETN filed as DEUTSCHE BK AG LONDON BRH 1 $2 No change IQ Iqiyi Inc.-ADR 1 $2 New
Options reported separately and not counted above: INVESCO QQQ TR puts ($110.6M), ISHARES BITCOIN TRUST ETF calls ($12.2M), INTERACTIVE BROKERS GROUP IN calls ($11.1M), UP FINTECH HLDG LTD puts ($5.9M), ISHARES BITCOIN TRUST ETF puts ($37K).
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ BA The Boeing Co. Sold out 0.00% −1.50 TSLA Tesla Inc. Sold out 0.00% −0.12 FBTC Fidelity Wise Origin Bitcoin Reduce -0.0% 0.47% −0.10 AAPL Apple Inc. Reduce -95.8% 0.00% −0.07 NVDA Nvidia Corp. Reduce -99.8% 0.00% −0.06 META Meta Platforms Inc. Class A Reduce -92.7% 0.00% −0.05 VOLATILITY SHS TR Sold out 0.00% 0.00
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ TIGR Up Fintech Holding Ltd. - ADR Add +296.6% 8.78% +5.64 RDDT Reddit Inc. Class A New 0.64% +0.64 OKLO Oklo Inc. New 0.42% +0.42 IBKR Interactive Brokers Gro Class A New 0.39% +0.39 MU Micron Technology Inc. New 0.34% +0.34 BABA Alibaba Group Holding-SP ADR New 0.25% +0.25 APP AppLovin Corp. Class A New 0.23% +0.23 PDD PDD Holdings Inc. New 0.20% +0.20 AFRM Affirm Holdings Inc. New 0.17% +0.17 MSFT Microsoft Corp. Add +376.2% 0.21% +0.16 CRCL Circle Internet Group Inc. New 0.15% +0.15 SNPS Synopsys Inc. New 0.15% +0.15 HSAI Hesai Group New 0.14% +0.14 DDOG Datadog Inc. Class A New 0.11% +0.11 RBRK Rubrik Inc. Class A New 0.11% +0.11 GOOG Alphabet Inc. Class C Add +5000.0% 0.08% +0.07 CYBR Cyberark Software Ltd./Israel New 0.03% +0.03 COIN Coinbase Global Inc. Class A New 0.02% +0.02 AMZN Amazon.com Inc. Add +38.3% 0.31% +0.00 KO The Coca-Cola Co. New 0.00% 0.00 FUTU Futu Holdings Ltd.-ADR New 0.00% 0.00 IQ Iqiyi Inc.-ADR New 0.00% 0.00 TSM Taiwan Semiconductor-SP ADR Add +11.2% 0.38% −0.02 IBIT iShares Bitcoin Trust ETF Add +12.1% 86.42% −7.29
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ INVESCO QQQ TR put Add +218.3% 200,500 $110.6M ISHARES BITCOIN TRUST ETF call New 200,000 $12.2M INTERACTIVE BROKERS GROUP IN call New 200,000 $11.1M MICROSOFT CORP call Sold out 24,100 $9.0Mbefore exit TAIWAN SEMICONDUCTOR MANUFAC call Sold out 52,500 $8.7Mbefore exit NVIDIA CORPORATION call Sold out 60,000 $6.5Mbefore exit UP FINTECH HLDG LTD put New 610,400 $5.9M ALPHABET INC call Sold out 24,500 $3.8Mbefore exit ISHARES BITCOIN TRUST ETF put New 600 $37K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 30 $611.6M IBIT, TIGR, SPCK, AMD, BITB Q1 2026 21 $789.5M IBIT, TIGR, BITB, MFI, FBTC Q4 2025 24 $1.0B IBIT, TIGR, BITB, FBTC, XXI Q3 2025 22 $1.3B IBIT, TIGR, FBTC, ETHA, WDH Q2 2025 36 $1.2B IBIT, TIGR, RDDT, FBTC, OKLO Q1 2025 21 $737.6M IBIT, TIGR, BA, FBTC, TSM Q4 2024 6 $603.5M IBIT, FBTC, META, GS, AAPL Q3 2024 6 $22.3M IBIT, META, GS, FBTC, AAPL Q2 2024 6 $383.5M FBTC, IBIT, META, GS, AAPL