BRIGHT VALLEY CAPITAL Ltd In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), BRIGHT VALLEY CAPITAL Ltd reported 11 stock positions worth $348.7 million . Its top holding was Intel (INTC) at 62.8% of the portfolio, followed by Atour Lifestyle Holdings-ADR (ATAT, 9.3% ) and Sandisk (SNDK, 8.0% ). Compared with Q1 2026, it opened 7 new positions, sold out of 7, added to 1 and reduced 2. The biggest buy was Intel (INTC, shares +264% ) and the biggest sale Vipshop Holdings Ltd. - ADR (VIPS, shares −73% ).
Location HONG KONG, K3
CIK 0001965546
Portfolio Value $348.7M (Q2 2026) Holdings 11 stocks · $348.7M 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 INTC Intel Corp. 1,567,500 $218.9M Add +263.7% ATAT Atour Lifestyle Holdings-ADR 1,017,508 $32.4M New SNDK Sandisk Corp. 12,200 $27.7M New DRAM Roundhill Memory ETF 250,000 $18.5M New ACMR Acm Research Inc. Class A 118,000 $15.0M New JOYY Joyy Inc.-ADR 198,000 $13.1M Reduce -36.1% FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 81,500 $7.6M New VIPS Vipshop Holdings Ltd. - ADR 480,000 $6.4M Reduce -73.0% DOYU Douyu International Hold-ADR 1,334,229 $6.2M No change NOK Nokia Corp.-Spon ADR 223,500 $3.0M New FINV Finvolution Group-ADR 3,169 $15K New
Options reported separately and not counted above: SOXX puts ($60.2M), QQQ puts ($51.5M), INTC calls ($48.9M), NVDA puts ($40.0M), NFLX puts ($32.1M), PDD calls ($22.5M), AMAT calls ($13.0M), NTES calls ($6.4M), MSFT puts ($1.9M), FUTU calls ($750K).
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 ▲ VIPS Vipshop Holdings Ltd. - ADR Reduce -73.0% 1.83% −27.00 JOYY Joyy Inc.-ADR Reduce -36.1% 3.75% −14.95 EDU New Oriental Educatio-SP ADR Sold out 0.00% −10.29 GLD SPDR Gold Shares Sold out 0.00% −7.12 STAA Staar Surgical Co. Sold out 0.00% −5.26 LITE Lumentum Holdings Inc. Sold out 0.00% −1.67 DDL Dingdong Cayman Ltd. -SPN ADR Sold out 0.00% −0.71 YMM Full Truck Alliance -SPN ADR Sold out 0.00% −0.44 LX Lexinfintech Holdings L-ADR Sold out 0.00% −0.41
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 ▼ INTC Intel Corp. Add +263.7% 62.77% +43.11 ATAT Atour Lifestyle Holdings-ADR New 9.28% +9.28 SNDK Sandisk Corp. New 7.96% +7.96 DRAM Roundhill Memory ETF New 5.30% +5.30 ACMR Acm Research Inc. Class A New 4.29% +4.29 FUTU Futu Holdings Ltd.-ADR New 2.19% +2.19 NOK Nokia Corp.-Spon ADR New 0.85% +0.85 FINV Finvolution Group-ADR New 0.00% +0.00
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ SOXX iShares Semiconductor ETF put New 94,000 $60.2M QQQ Invesco QQQ Trust Series 1 put New 70,000 $51.5M INTC Intel Corp. call Reduce -66.0% 350,000 $48.9M NVDA Nvidia Corp. put New 200,000 $40.0M NFLX Netflix Inc. put New 450,000 $32.1M PDD PDD Holdings Inc. call Add +168.2% 295,000 $22.5M AMAT Applied Materials Inc. call New 18,000 $13.0M NTES Netease Inc.-ADR call New 50,000 $6.4M MSFT Microsoft Corp. put New 5,000 $1.9M FUTU Futu Holdings Ltd.-ADR call New 8,000 $750K
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 11 $348.7M INTC, ATAT, SNDK, DRAM, ACMR Q1 2026 11 $96.7M VIPS, INTC, JOYY, EDU, GLD Q4 2025 13 $147.5M EDU, HTHT, ATAT, JOYY, INTC Q3 2025 11 $126.5M YMM, HTHT, LX, JOYY, DOYU Q2 2025 9 $112.0M JOYY, LX, EDU, IBIT, DOYU Q1 2025 16 $297.3M ALIBABA GROUP HLDG LTD, JOYY, LX, EDU, RLX Q4 2024 8 $150.2M MOMO, IBIT, LX, RLX, DOYU Q3 2024 8 $127.8M MOMO, VIPS, PDD, DOYU, JOYY Q2 2024 11 $88.7M MOMO, BABAF, PDD, HUYA, IBIT Q1 2024 10 $67.5M PDD, HUYA, SN, NWOEF, SE