Brilliance Asset Management Ltd.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Brilliance Asset Management Ltd. reported 7 stock positions worth $443.9 million. Its top holding was Amer Sports (AS) at 25.7% of the portfolio, followed by Kanzhun Ltd. - ADR (BZ, 22.7%) and Li Auto Inc. - ADR (LI, 19.0%). Compared with Q3 2024, it opened 1 new position, sold out of 3, added to 5 and reduced 1. The biggest buy was Amer Sports (AS, shares +5%) and the biggest sale an exit from Trip.com Group Ltd.-ADR (TCOM).
- Most Recent 13F
- Q2 2026
- Location
- ADMIRALTY, HONG KONG, K3
- CIK
- 0001665751
- Portfolio Value
- $443.9M (Q4 2024)
- SEC Filing
- 0001665751-25-000003 ↗ filed Feb 12, 2025
Holdings Value
Holdings 7 stocks · $443.9M
| AS Amer Sports Inc. | 25.65% | 4,073,061 | $113.9M | Add +5.1% |
| BZ Kanzhun Ltd. - ADR | 22.69% | 7,300,256 | $100.7M | Add +7.5% |
| LI Li Auto Inc. - ADR | 18.96% | 3,508,642 | $84.2M | Add +0.7% |
| PDD PDD Holdings Inc. | 14.12% | 646,212 | $62.7M | Add +316.0% |
| YMM Full Truck Alliance -SPN ADR | 10.22% | 4,193,580 | $45.4M | Add +29.4% |
| EDU New Oriental Educatio-SP ADR | 5.08% | 351,068 | $22.5M | Reduce -7.2% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 3.28% | 181,774 | $14.5M | New |
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 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 |