Brilliance Asset Management Ltd.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Brilliance Asset Management Ltd. reported 9 stock positions worth $390.7 million. Its top holding was Kanzhun Ltd. - ADR (BZ) at 30.2% of the portfolio, followed by Li Auto Inc. - ADR (LI, 22.9%) and Amer Sports (AS, 15.8%). Compared with Q2 2024, it sold out of 6, added to 2 and reduced 7. The biggest buy was Amer Sports (AS, shares +36%) and the biggest sale Trip.com Group Ltd.-ADR (TCOM, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- ADMIRALTY, HONG KONG, K3
- CIK
- 0001665751
- Portfolio Value
- $390.7M (Q3 2024)
- SEC Filing
- 0001665751-24-000006 ↗ filed Nov 12, 2024
Holdings Value
Holdings 9 stocks · $390.7M
| BZ Kanzhun Ltd. - ADR | 30.17% | 6,789,511 | $117.9M | Reduce -0.0% |
| LI Li Auto Inc. - ADR | 22.88% | 3,484,226 | $89.4M | Reduce -18.4% |
| AS Amer Sports Inc. | 15.83% | 3,876,681 | $61.8M | Add +35.6% |
| TCOM Trip.com Group Ltd.-ADR | 7.64% | 502,045 | $29.8M | Reduce -50.7% |
| YMM Full Truck Alliance -SPN ADR | 7.47% | 3,239,456 | $29.2M | Reduce -24.4% |
| EDU New Oriental Educatio-SP ADR | 7.34% | 378,130 | $28.7M | Reduce -2.5% |
| PDD PDD Holdings Inc. | 5.36% | 155,352 | $20.9M | Add +20.3% |
| HSAI Hesai Group | 1.78% | 1,480,241 | $6.9M | Reduce -3.0% |
| HTHT H World Group Ltd.-ADR | 1.54% | 161,210 | $6.0M | Reduce -39.1% |
Portfolio Sells Q2 2024 → Q3 2024
| TCOM Trip.com Group Ltd.-ADR | Reduce -50.7% | 7.64% | −4.39 |
| BZ Kanzhun Ltd. - ADR | Reduce -0.0% | 30.17% | −1.92 |
| ZLAB Zai Lab Ltd.-ADR | Sold out | 0.00% | −1.90 |
| YMM Full Truck Alliance -SPN ADR | Reduce -24.4% | 7.47% | −1.18 |
| HTHT H World Group Ltd.-ADR | Reduce -39.1% | 1.54% | −0.68 |
| FUTU Futu Holdings Ltd.-ADR | Sold out | 0.00% | −0.53 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.38 |
| EDU New Oriental Educatio-SP ADR | Reduce -2.5% | 7.34% | −0.23 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.22 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.18 |
| TAL Tal Education Group- ADR | Sold out | 0.00% | −0.12 |
| HSAI Hesai Group | Reduce -3.0% | 1.78% | +0.17 |
| LI Li Auto Inc. - ADR | Reduce -18.4% | 22.88% | +3.71 |
Portfolio Buys Q2 2024 → Q3 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $339.3M | PDD, YMM, BZ, META, TXN |
| Q1 2026 | 16 | $339.1M | PDD, BZ, YMM, ONTO, AS |
| Q4 2025 | 6 | $254.8M | AS, PDD, ONTO, GOOG, LX |
| Q3 2025 | 7 | $187.5M | GOOG, LI, AS, ONTO, LX |
| Q2 2025 | 7 | $153.6M | EDU, YMM, AS, BZ, LI |
| Q1 2025 | 9 | $302.5M | AS, LI, EDU, YMM, BZ |
| Q4 2024 | 7 | $443.9M | AS, BZ, LI, PDD, YMM |
| Q3 2024 | 9 | $390.7M | BZ, LI, AS, TCOM, YMM |
| Q2 2024 | 15 | $398.1M | BZ, LI, TCOM, AS, YMM |
| Q1 2024 | 10 | $453.1M | BZ, LI, TCOM, YMM, AS |