Avenir Tech Ltd

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Avenir Tech Ltd reported 24 stock positions worth $1.0 billion. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 88.3% of the portfolio, followed by Up Fintech Holding Ltd. - ADR (TIGR, 9.6%) and Bitwise Bitcoin ETF (BITB, 0.8%). Compared with Q3 2025, it opened 4 new positions, sold out of 2 and reduced 3. The biggest buy was a new position in Bitwise Bitcoin ETF (BITB) and the biggest sale iShares Bitcoin Trust ETF (IBIT, shares −0%).

Most Recent 13F
Q2 2026
Location
CENTRAL, HONG KONG, K3
CIK
0002029708
Portfolio Value
$1.0B (Q4 2025)
SEC Filing
0001104659-26-015198 ↗ filed Feb 13, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q2 2024: $383.5M Q2 2024 Q3 2024: $22.3M Q3 2024 Q4 2024: $603.5M Q4 2024 Q1 2025: $737.6M Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.0B $1.0B Q4 2025 Q1 2026: $789.5M Q1 2026 Q2 2026: $611.6M Q2 2026

Holdings 24 stocks · $1.0B
IBIT iShares Bitcoin Trust ETF 88.34% 18,287,323 $908.0M Reduce -0.1%
TIGR Up Fintech Holding Ltd. - ADR 9.62% 10,346,087 $98.9M Reduce -3.0%
BITB Bitwise Bitcoin ETF 0.80% 173,163 $8.2M New
FBTC Fidelity Wise Origin Bitcoin 0.43% 58,618 $4.5M No change
XXI Twenty One Capital Inc. Class A 0.34% 400,000 $3.5M New
WDH Waterdrop Inc. 0.16% 859,202 $1.6M No change
ETHA iShares Ethereum Trust ETF 0.13% 59,464 $1.3M Reduce -45.7%
HSDT Solana Co. 0.08% 290,655 $840K New
BMNR Bitmine Immersion Technologi 0.08% 29,105 $790K New
GS Goldman Sachs Group Inc. 0.00% 50 $44K No change
META Meta Platforms Inc. Class A 0.00% 50 $33K No change
GOOG Alphabet Inc. Class C 0.00% 100 $31K No change
AAPL Apple Inc. 0.00% 100 $27K No change
NVDA Nvidia Corp. 0.00% 6 $1K No change
FBT First Trust Nyse Arca Biotec 0.00% 1 $207 No change
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.00% 1 $164 No change
PDD PDD Holdings Inc. 0.00% 1 $113 No change
INTC Intel Corp. 0.00% 2 $74 No change
VIXM Proshares Vix Mid-Term Fut 0.00% 1 $15 No change
UNG US Natural Gas Fund LP 0.00% 1 $12 No change
DSU BlackRock Debt Strategies 0.00% 1 $10 No change
DZZ DB Gold Double Short ETN filed as DEUTSCHE BK AG LONDON BRH 0.00% 1 $4 No change
YOLO Advisorshares Pure Cannabis 0.00% 1 $3 No change
IQ Iqiyi Inc.-ADR 0.00% 1 $2 No change

Options reported separately and not counted above: INVESCO QQQ TR puts ($61.4M), ISHARES BITCOIN TRUST ETF calls ($10K), IQIYI INC calls ($192).

Portfolio Sells Q3 2025 → Q4 2025
IBIT iShares Bitcoin Trust ETF Reduce -0.1% 88.34% −2.14
ETHA iShares Ethereum Trust ETF Reduce -45.7% 0.13% −0.13
CLS Celestica Inc. Sold out 0.00% −0.02
KO The Coca-Cola Co. Sold out 0.00% 0.00
TIGR Up Fintech Holding Ltd. - ADR Reduce -3.0% 9.62% +0.96

Portfolio Buys Q3 2025 → Q4 2025
BITB Bitwise Bitcoin ETF New 0.80% +0.80
XXI Twenty One Capital Inc. Class A New 0.34% +0.34
HSDT Solana Co. New 0.08% +0.08
BMNR Bitmine Immersion Technologi New 0.08% +0.08

Options Activity Q3 2025 → Q4 2025
INVESCO QQQ TR put New 100,000 $61.4M
ISHARES TR put Sold out 862,500 $35.5Mbefore exit
UP FINTECH HLDG LTD put Sold out 620,400 $6.6Mbefore exit
ORACLE CORP call Sold out 100 $28Kbefore exit
INTERACTIVE BROKERS GROUP IN call Sold out 100 $7Kbefore exit
IQIYI INC call New 100 $192

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 30$611.6MIBIT, TIGR, SPCK, AMD, BITB
Q1 2026 21$789.5MIBIT, TIGR, BITB, MFI, FBTC
Q4 2025 24$1.0BIBIT, TIGR, BITB, FBTC, XXI
Q3 2025 22$1.3BIBIT, TIGR, FBTC, ETHA, WDH
Q2 2025 36$1.2BIBIT, TIGR, RDDT, FBTC, OKLO
Q1 2025 21$737.6MIBIT, TIGR, BA, FBTC, TSM
Q4 2024 6$603.5MIBIT, FBTC, META, GS, AAPL
Q3 2024 6$22.3MIBIT, META, GS, FBTC, AAPL
Q2 2024 6$383.5MFBTC, IBIT, META, GS, AAPL