BRIGHT VALLEY CAPITAL Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), BRIGHT VALLEY CAPITAL Ltd reported 9 stock positions worth $112.0 million. Its top holding was Joyy Inc.-ADR (JOYY) at 44.8% of the portfolio, followed by Lexinfintech Holdings L-ADR (LX, 23.1%) and New Oriental Educatio-SP ADR (EDU, 11.6%). Compared with Q1 2025, it sold out of 7, added to 3 and reduced 6. The biggest buy was iShares Bitcoin Trust ETF (IBIT, shares +4%) and the biggest sale an exit from Alibaba Group HLDG.
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001965546
- Portfolio Value
- $112.0M (Q2 2025)
- SEC Filing
- 0001965546-25-000004 ↗ filed Aug 13, 2025
Holdings Value
Holdings 9 stocks · $112.0M
| JOYY Joyy Inc.-ADR | 44.79% | 985,090 | $50.2M | Reduce -25.0% |
| LX Lexinfintech Holdings L-ADR | 23.09% | 3,586,724 | $25.9M | Reduce -32.4% |
| EDU New Oriental Educatio-SP ADR | 11.56% | 239,885 | $12.9M | Reduce -77.3% |
| IBIT iShares Bitcoin Trust ETF | 7.38% | 135,000 | $8.3M | Add +3.9% |
| DOYU Douyu International Hold-ADR | 6.41% | 1,107,389 | $7.2M | Add +0.8% |
| INTC Intel Corp. | 3.80% | 190,000 | $4.3M | Reduce -72.5% |
| ATAT Atour Lifestyle Holdings-ADR | 2.67% | 92,000 | $3.0M | Reduce -69.3% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.23% | 17,400 | $262K | Add +335.0% |
| HUYA Huya Inc.-ADR | 0.06% | 20,600 | $73K | Reduce -92.8% |
Options reported separately and not counted above: NVDA puts ($24.2M), EDU calls ($5.4M).
Portfolio Sells Q1 2025 → Q2 2025
| ALIBABA GROUP HLDG LTD | Sold out | 0.00% | −26.69 |
| RLX RLX Technology Inc.-ADR | Sold out | 0.00% | −6.07 |
| EDU New Oriental Educatio-SP ADR | Reduce -77.3% | 11.56% | −5.46 |
| INTC Intel Corp. | Reduce -72.5% | 3.80% | −1.47 |
| HTHT H World Group Ltd.-ADR | Sold out | 0.00% | −0.27 |
| HUYA Huya Inc.-ADR | Reduce -92.8% | 0.06% | −0.25 |
| ATAT Atour Lifestyle Holdings-ADR | Reduce -69.3% | 2.67% | −0.19 |
| QFIN Qfin Holdings Inc.-ADR | Sold out | 0.00% | −0.06 |
| BROADCOM INC | Sold out | 0.00% | −0.06 |
| MOMO Hello Group Inc. -SPN ADR | Sold out | 0.00% | −0.01 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.01 |
| LX Lexinfintech Holdings L-ADR | Reduce -32.4% | 23.09% | +5.09 |
| JOYY Joyy Inc.-ADR | Reduce -25.0% | 44.79% | +26.25 |
Portfolio Buys Q1 2025 → Q2 2025
Options Activity Q1 2025 → Q2 2025
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 |