Brilliance Asset Management Ltd.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Brilliance Asset Management Ltd. reported 6 stock positions worth $254.8 million. Its top holding was Amer Sports (AS) at 41.2% of the portfolio, followed by PDD (PDD, 26.5%) and Onto Innovation (ONTO, 15.5%). Compared with Q3 2025, it opened 2 new positions, sold out of 3, added to 3 and reduced 1. The biggest buy was a new position in PDD (PDD) and the biggest sale an exit from Li Auto Inc. - ADR (LI).
- Most Recent 13F
- Q2 2026
- Location
- ADMIRALTY, HONG KONG, K3
- CIK
- 0001665751
- Portfolio Value
- $254.8M (Q4 2025)
- SEC Filing
- 0001665751-26-000002 ↗ filed Feb 12, 2026
Holdings Value
Holdings 6 stocks · $254.8M
| AS Amer Sports Inc. | 41.18% | 2,809,105 | $104.9M | Add +164.9% |
| PDD PDD Holdings Inc. | 26.49% | 595,174 | $67.5M | New |
| ONTO Onto Innovation Inc. | 15.46% | 249,447 | $39.4M | Add +14.1% |
| GOOG Alphabet Inc. Class C | 9.79% | 79,462 | $24.9M | Reduce -58.2% |
| LX Lexinfintech Holdings L-ADR | 4.62% | 3,601,592 | $11.8M | Add +24.2% |
| TXN Texas Instruments Inc. | 2.46% | 36,128 | $6.3M | New |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
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 |