In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Avenir Tech Ltd reported 22 stock positions worth $1.3 billion . Its top holding was iShares Bitcoin Trust ETF (IBIT) at 90.5% of the portfolio, followed by Up Fintech Holding Ltd. - ADR (TIGR, 8.7% ) and Fidelity Wise Origin Bitcoin (FBTC, 0.4% ). Compared with Q2 2025, it opened 3 new positions, sold out of 17, added to 1 and reduced 3. The biggest buy was iShares Bitcoin Trust ETF (IBIT, shares +11% ) and the biggest sale an exit from Reddit Class A (RDDT).
Location CENTRAL, HONG KONG, K3
CIK 0002029708
Portfolio Value $1.3B (Q3 2025) Holdings 22 stocks · $1.3B 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 Q2 2025 IBIT iShares Bitcoin Trust ETF 18,297,107 $1.2B Add +10.5% TIGR Up Fintech Holding Ltd. - ADR 10,667,580 $113.8M Reduce 0.0% FBTC Fidelity Wise Origin Bitcoin 58,618 $5.9M No change ETHA iShares Ethereum Trust ETF 109,464 $3.4M New WDH Waterdrop Inc. 859,202 $1.6M New CLS Celestica Inc. 1,168 $288K New GS Goldman Sachs Group Inc. 50 $40K No change META Meta Platforms Inc. Class A 50 $37K No change AAPL Apple Inc. 100 $25K No change GOOG Alphabet Inc. Class C 100 $24K Reduce -98.0% NVDA Nvidia Corp. 6 $1K No change FBT First Trust Nyse Arca Biotec 1 $179 No change FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 1 $174 No change PDD PDD Holdings Inc. 1 $132 Reduce -100.0% INTC Intel Corp. 2 $67 No change KO The Coca-Cola Co. 1 $66 No change VIXM Proshares Vix Mid-Term Fut 1 $16 No change UNG US Natural Gas Fund LP 1 $13 No change DSU BlackRock Debt Strategies 1 $11 No change YOLO Advisorshares Pure Cannabis 1 $4 No change IQ Iqiyi Inc.-ADR 1 $3 No change DZZ DB Gold Double Short ETN filed as DEUTSCHE BK AG LONDON BRH 1 $2 No change
Options reported separately and not counted above: ISHARES TR puts ($35.5M), UP FINTECH HLDG LTD puts ($6.6M), ORACLE CORP calls ($28K), ISHARES BITCOIN TRUST ETF calls ($13K), INTERACTIVE BROKERS GROUP IN calls ($7K).
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ RDDT Reddit Inc. Class A Sold out 0.00% −0.64 OKLO Oklo Inc. Sold out 0.00% −0.42 IBKR Interactive Brokers Gro Class A Sold out 0.00% −0.39 TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −0.38 MU Micron Technology Inc. Sold out 0.00% −0.34 AMZN Amazon.com Inc. Sold out 0.00% −0.31 BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.25 APP AppLovin Corp. Class A Sold out 0.00% −0.23 MSFT Microsoft Corp. Sold out 0.00% −0.21 PDD PDD Holdings Inc. Reduce -100.0% 0.00% −0.20 AFRM Affirm Holdings Inc. Sold out 0.00% −0.17 CRCL Circle Internet Group Inc. Sold out 0.00% −0.15 SNPS Synopsys Inc. Sold out 0.00% −0.15 HSAI Hesai Group Sold out 0.00% −0.14 TIGR Up Fintech Holding Ltd. - ADR Reduce 0.0% 8.66% −0.12 DDOG Datadog Inc. Class A Sold out 0.00% −0.11 RBRK Rubrik Inc. Class A Sold out 0.00% −0.11 GOOG Alphabet Inc. Class C Reduce -98.0% 0.00% −0.08 CYBR Cyberark Software Ltd./Israel Sold out 0.00% −0.03 COIN Coinbase Global Inc. Class A Sold out 0.00% −0.02
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ IBIT iShares Bitcoin Trust ETF Add +10.5% 90.48% +4.06 ETHA iShares Ethereum Trust ETF New 0.26% +0.26 WDH Waterdrop Inc. New 0.12% +0.12 CLS Celestica Inc. New 0.02% +0.02
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ INVESCO QQQ TR put Sold out 200,500 $110.6Mbefore exit ISHARES TR put New 862,500 $35.5M UP FINTECH HLDG LTD put Add +1.6% 620,400 $6.6M ISHARES BITCOIN TRUST ETF put Sold out 600 $37Kbefore exit ORACLE CORP call New 100 $28K ISHARES BITCOIN TRUST ETF call Reduce -99.9% 200 $13K INTERACTIVE BROKERS GROUP IN call Reduce -100.0% 100 $7K
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