Brilliance Asset Management Ltd.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Brilliance Asset Management Ltd. reported 15 stock positions worth $398.1 million. Its top holding was Kanzhun Ltd. - ADR (BZ) at 32.1% of the portfolio, followed by Li Auto Inc. - ADR (LI, 19.2%) and Trip.com Group Ltd.-ADR (TCOM, 12.0%). Compared with Q1 2024, it opened 5 new positions, added to 6 and reduced 3. The biggest buy was a new position in New Oriental Educatio-SP ADR (EDU) and the biggest sale Li Auto Inc. - ADR (LI, shares −8%).

Most Recent 13F
Q2 2026
Location
ADMIRALTY, HONG KONG, K3
CIK
0001665751
Portfolio Value
$398.1M (Q2 2024)
SEC Filing
0001665751-24-000004 ↗ filed Aug 13, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $453.1M Q1 2024 Q2 2024: $398.1M $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 15 stocks · $398.1M
BZ Kanzhun Ltd. - ADR 32.09% 6,791,134 $127.7M Reduce -32.3%
LI Li Auto Inc. - ADR 19.17% 4,267,403 $76.3M Reduce -8.0%
TCOM Trip.com Group Ltd.-ADR 12.03% 1,018,838 $47.9M Reduce -46.5%
AS Amer Sports Inc. 9.03% 2,858,803 $35.9M Add +145.8%
YMM Full Truck Alliance -SPN ADR 8.65% 4,284,741 $34.4M Add +36.4%
EDU New Oriental Educatio-SP ADR 7.57% 387,653 $30.1M New
PDD PDD Holdings Inc. 4.31% 129,120 $17.2M New
HTHT H World Group Ltd.-ADR 2.21% 264,606 $8.8M Add +331.5%
ZLAB Zai Lab Ltd.-ADR 1.90% 436,527 $7.6M Add +0.1%
HSAI Hesai Group 1.61% 1,526,035 $6.4M New
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.53% 32,056 $2.1M New
NVDA Nvidia Corp. 0.38% 12,210 $1.5M No change
TSM Taiwan Semiconductor-SP ADR 0.22% 5,057 $879K Add +14.8%
AMD Advanced Micro Devices 0.18% 4,506 $731K Add +50.0%
TAL Tal Education Group- ADR 0.12% 45,375 $484K New

Portfolio Sells Q1 2024 → Q2 2024
LI Li Auto Inc. - ADR Reduce -8.0% 19.17% −11.81
BZ Kanzhun Ltd. - ADR Reduce -32.3% 32.09% −6.72
TCOM Trip.com Group Ltd.-ADR Reduce -46.5% 12.03% −6.40

Portfolio Buys Q1 2024 → Q2 2024
EDU New Oriental Educatio-SP ADR New 7.57% +7.57
AS Amer Sports Inc. Add +145.8% 9.03% +4.84
PDD PDD Holdings Inc. New 4.31% +4.31
YMM Full Truck Alliance -SPN ADR Add +36.4% 8.65% +3.62
HTHT H World Group Ltd.-ADR Add +331.5% 2.21% +1.69
HSAI Hesai Group New 1.61% +1.61
FUTU Futu Holdings Ltd.-ADR New 0.53% +0.53
ZLAB Zai Lab Ltd.-ADR Add +0.1% 1.90% +0.36
TAL Tal Education Group- ADR New 0.12% +0.12
TSM Taiwan Semiconductor-SP ADR Add +14.8% 0.22% +0.09
AMD Advanced Micro Devices Add +50.0% 0.18% +0.06

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