Brilliance Asset Management Ltd.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Brilliance Asset Management Ltd. reported 10 stock positions worth $453.1 million. Its top holding was Kanzhun Ltd. - ADR (BZ) at 38.8% of the portfolio, followed by Li Auto Inc. - ADR (LI, 31.0%) and Trip.com Group Ltd.-ADR (TCOM, 18.4%). Compared with Q4 2023, it opened 4 new positions, added to 1 and reduced 4. The biggest buy was a new position in Full Truck Alliance -SPN ADR (YMM) and the biggest sale H World Group Ltd.-ADR (HTHT, shares −95%).

Most Recent 13F
Q2 2026
Location
ADMIRALTY, HONG KONG, K3
CIK
0001665751
Portfolio Value
$453.1M (Q1 2024)
SEC Filing
0001665751-24-000003 ↗ filed May 15, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $453.1M $453.1M Q1 2024 Q2 2024: $398.1M Q2 2024 Q3 2024: $390.7M Q3 2024 Q4 2024: $443.9M Q4 2024 Q1 2025: $302.5M Q1 2025 Q2 2025: $153.6M Q2 2025 Q3 2025: $187.5M Q3 2025 Q4 2025: $254.8M Q4 2025 Q1 2026: $339.1M Q1 2026 Q2 2026: $339.3M Q2 2026

Holdings 10 stocks · $453.1M
BZ Kanzhun Ltd. - ADR 38.81% 10,031,403 $175.9M Reduce -0.7%
LI Li Auto Inc. - ADR 30.98% 4,636,360 $140.4M Reduce -0.1%
TCOM Trip.com Group Ltd.-ADR 18.43% 1,902,794 $83.5M Reduce -0.1%
YMM Full Truck Alliance -SPN ADR 5.04% 3,140,589 $22.8M New
AS Amer Sports Inc. 4.18% 1,162,956 $19.0M New
ZLAB Zai Lab Ltd.-ADR 1.54% 435,926 $7.0M No change
HTHT H World Group Ltd.-ADR 0.52% 61,316 $2.4M Reduce -94.8%
NVDA Nvidia Corp. 0.24% 1,221 $1.1M New
TSM Taiwan Semiconductor-SP ADR 0.13% 4,406 $599K New
AMD Advanced Micro Devices 0.12% 3,005 $542K Add +43.9%

Portfolio Sells Q4 2023 → Q1 2024
HTHT H World Group Ltd.-ADR Reduce -94.8% 0.52% −8.05
LI Li Auto Inc. - ADR Reduce -0.1% 30.98% −6.62
BZ Kanzhun Ltd. - ADR Reduce -0.7% 38.81% +2.48
TCOM Trip.com Group Ltd.-ADR Reduce -0.1% 18.43% +3.58

Portfolio Buys Q4 2023 → Q1 2024
YMM Full Truck Alliance -SPN ADR New 5.04% +5.04
AS Amer Sports Inc. New 4.18% +4.18
NVDA Nvidia Corp. New 0.24% +0.24
TSM Taiwan Semiconductor-SP ADR New 0.13% +0.13
AMD Advanced Micro Devices Add +43.9% 0.12% +0.05

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 11$339.3MPDD, YMM, BZ, META, TXN
Q1 2026 16$339.1MPDD, BZ, YMM, ONTO, AS
Q4 2025 6$254.8MAS, PDD, ONTO, GOOG, LX
Q3 2025 7$187.5MGOOG, LI, AS, ONTO, LX
Q2 2025 7$153.6MEDU, YMM, AS, BZ, LI
Q1 2025 9$302.5MAS, LI, EDU, YMM, BZ
Q4 2024 7$443.9MAS, BZ, LI, PDD, YMM
Q3 2024 9$390.7MBZ, LI, AS, TCOM, YMM
Q2 2024 15$398.1MBZ, LI, TCOM, AS, YMM
Q1 2024 10$453.1MBZ, LI, TCOM, YMM, AS