Blue Creek Capital Management Ltd

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Blue Creek Capital Management Ltd reported 5 stock positions worth $81.3 million. Its top holding was Full Truck Alliance -SPN ADR (YMM) at 24.8% of the portfolio, followed by Kanzhun Ltd. - ADR (BZ, 24.2%) and Tencent Music Entertainm-ADR (TME, 20.1%). Compared with Q2 2025, it sold out of 1 and added to 1. The biggest buy was Full Truck Alliance -SPN ADR (YMM, shares +7%) and the biggest sale an exit from New Oriental Educatio-SP ADR (EDU).

Most Recent 13F
Q3 2025
Location
HONG KONG, K3
CIK
0001854024
Portfolio Value
$81.3M (Q3 2025)
SEC Filing
0001854024-25-000007 ↗ filed Nov 4, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $135.3M Q1 2024 Q3 2024: $105.7M Q3 2024 Q4 2024: $73.0M Q4 2024 Q1 2025: $77.1M Q1 2025 Q2 2025: $71.5M Q2 2025 Q3 2025: $81.3M $81.3M Q3 2025

Holdings 5 stocks · $81.3M
YMM Full Truck Alliance -SPN ADR 24.85% 1,557,313 $20.2M Add +6.6%
BZ Kanzhun Ltd. - ADR 24.20% 842,219 $19.7M No change
TME Tencent Music Entertainm-ADR 20.09% 699,768 $16.3M No change
PDD PDD Holdings Inc. 18.98% 116,721 $15.4M No change
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 11.88% 508,313 $9.7M No change

Portfolio Sells Q2 2025 → Q3 2025
EDU New Oriental Educatio-SP ADR Sold out 0.00% −6.08

Portfolio Buys Q2 2025 → Q3 2025
YMM Full Truck Alliance -SPN ADR Add +6.6% 24.85% +0.71

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 5$81.3MYMM, BZ, TME, PDD, BEKE
Q2 2025 6$71.5MYMM, BZ, TME, PDD, BEKE
Q1 2025 6$77.1MYMM, BZ, PDD, BEKE, TME
Q4 2024 6$73.0MYMM, BZ, PDD, EDU, BEKE
Q3 2024 6$105.7MEDU, YMM, PDD, BZ, BEKE
Q1 2024 6$135.3MPDD, YMM, BZ, TME, EDU