Central Asset Investments & Management Holdings (HK) Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Central Asset Investments & Management Holdings (HK) Ltd reported 37 stock positions worth $50.7 million. Its top holding was Xpeng Inc. - ADR (XPEV) at 19.6% of the portfolio, followed by Alibaba Group Holding-SP ADR (BABA, 15.0%) and Nvidia (NVDA, 10.2%). Compared with Q4 2024, it opened 7 new positions, sold out of 42, added to 5 and reduced 22. The biggest buy was Xpeng Inc. - ADR (XPEV, shares +112%) and the biggest sale Nvidia (NVDA, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001583672
- Portfolio Value
- $50.7M (Q1 2025)
- SEC Filing
- 0001583672-25-000002 ↗ filed May 13, 2025
Holdings Value
Holdings 37 stocks · $50.7M
| XPEV Xpeng Inc. - ADR | 19.60% | 479,950 | $9.9M | Add +112.0% |
| BABA Alibaba Group Holding-SP ADR | 15.04% | 57,727 | $7.6M | Add +977.6% |
| NVDA Nvidia Corp. | 10.23% | 47,900 | $5.2M | Reduce -74.9% |
| BIDU Baidu Inc. - Spon ADR | 5.44% | 30,000 | $2.8M | New |
| VST Vistra Corp. | 4.54% | 19,600 | $2.3M | Reduce -69.4% |
| AMZN Amazon.com Inc. | 3.98% | 10,616 | $2.0M | Reduce -78.8% |
| KWEB Kranesh Csi China Internet | 3.53% | 51,300 | $1.8M | Reduce -47.1% |
| TSM Taiwan Semiconductor-SP ADR | 2.75% | 8,413 | $1.4M | Reduce -82.4% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 2.65% | 67,000 | $1.3M | Add +37.0% |
| MMYT Makemytrip Ltd. | 2.20% | 11,400 | $1.1M | No change |
| NFLX Netflix Inc. | 2.11% | 1,148 | $1.1M | New |
| PANW Palo Alto Networks Inc. | 2.00% | 5,946 | $1.0M | Reduce -45.7% |
| CEG Constellation Energy | 1.99% | 5,016 | $1.0M | Reduce -79.3% |
| GOOG Alphabet Inc. Class C | 1.89% | 6,131 | $958K | Reduce -36.2% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 1.82% | 9,018 | $923K | Reduce -84.3% |
| BE Bloom Energy Corp. Class A | 1.49% | 38,500 | $757K | Reduce -35.5% |
| MU Micron Technology Inc. | 1.47% | 8,590 | $746K | New |
| HTHT H World Group Ltd.-ADR | 1.46% | 20,000 | $740K | Reduce -58.6% |
| TTWO Take-Two Interactive Softwre | 1.39% | 3,400 | $705K | New |
| IBIT iShares Bitcoin Trust ETF | 1.36% | 14,700 | $688K | Reduce -71.8% |
| SPOT Spotify Technology SA | 1.33% | 1,226 | $674K | Add +68.9% |
| META Meta Platforms Inc. Class A | 1.19% | 1,045 | $602K | Reduce -87.0% |
| STX Seagate Technology Holdings | 1.10% | 6,556 | $557K | Reduce -40.7% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 1.05% | 21,000 | $532K | New |
| MSFT Microsoft Corp. | 1.01% | 1,365 | $512K | Reduce -40.0% |
| ETHA iShares Ethereum Trust ETF | 0.83% | 30,380 | $420K | Reduce -71.1% |
| AVGO Broadcom Inc. | 0.80% | 2,410 | $404K | Reduce -41.9% |
| GEV GE Vernova Inc. | 0.74% | 1,236 | $377K | Reduce -54.2% |
| WDC Western Digital Corp. | 0.73% | 9,140 | $370K | Add +82.8% |
| GLD SPDR Gold Shares | 0.63% | 1,116 | $322K | No change |
| MS Morgan Stanley | 0.63% | 2,721 | $317K | Reduce -78.4% |
| TLN Talen Energy Corp. | 0.58% | 1,483 | $296K | New |
| PDD PDD Holdings Inc. | 0.58% | 2,500 | $296K | Reduce -28.6% |
| LLY Eli Lilly & Co. | 0.57% | 350 | $289K | No change |
| GS Goldman Sachs Group Inc. | 0.54% | 500 | $273K | Reduce -78.8% |
| KC Kingsoft Cloud Holdings-ADR | 0.51% | 18,133 | $260K | New |
| AES AES Corp. | 0.26% | 10,600 | $132K | Reduce -72.1% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $8.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | NOTE 2/1 · principal | 2,000,000 | $5.1M | No change |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 3,000,000 | $2.8M | No change |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 500,000 | $475K | No change |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 100,000 | $88K | No change |
Total filed on the 13F, all lines: $59.3M.
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -74.9% | 10.23% | −6.41 |
| TSLA Tesla Inc. | Sold out | 0.00% | −5.67 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −5.21 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −3.89 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -82.4% | 2.75% | −3.39 |
| AMZN Amazon.com Inc. | Reduce -78.8% | 3.98% | −3.15 |
| CRM Salesforce Inc. | Sold out | 0.00% | −2.55 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −1.98 |
| META Meta Platforms Inc. Class A | Reduce -87.0% | 1.19% | −1.87 |
| CEG Constellation Energy | Reduce -79.3% | 1.99% | −1.53 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −1.41 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −1.30 |
| VST Vistra Corp. | Reduce -69.4% | 4.54% | −1.20 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -84.3% | 1.82% | −1.16 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −1.11 |
| EVR Evercore Inc. Class A | Sold out | 0.00% | −1.09 |
| LAZ Lazard Inc. | Sold out | 0.00% | −1.07 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.95 |
| ETHA iShares Ethereum Trust ETF | Reduce -71.1% | 0.83% | −0.90 |
| BTDR Bitdeer Technologies Group-A | Sold out | 0.00% | −0.88 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −0.79 |
| OKLO Oklo Inc. | Sold out | 0.00% | −0.78 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.62 |
| SMR Nuscale Power Corp. | Sold out | 0.00% | −0.60 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.54 |
| NNE Nano Nuclear Energy Inc. | Sold out | 0.00% | −0.50 |
| IBIT iShares Bitcoin Trust ETF | Reduce -71.8% | 1.36% | −0.44 |
| MS Morgan Stanley | Reduce -78.4% | 0.63% | −0.40 |
| RIOT Riot Platforms Inc. | Sold out | 0.00% | −0.37 |
| IREN Iren Ltd. | Sold out | 0.00% | −0.36 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.35 |
| GS Goldman Sachs Group Inc. | Reduce -78.8% | 0.54% | −0.34 |
| HUT Hut 8 Corp. | Sold out | 0.00% | −0.31 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.29 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −0.29 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −0.29 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.26 |
| ZK Zeekr Intelligent Techno-ADR | Sold out | 0.00% | −0.25 |
| POWL Powell Industries Inc. | Sold out | 0.00% | −0.22 |
| ACMR Acm Research Inc. Class A | Sold out | 0.00% | −0.19 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.19 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.18 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.17 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.16 |
| MARA Mara Holdings Inc. | Sold out | 0.00% | −0.15 |
| CLSK Cleanspark Inc. | Sold out | 0.00% | −0.15 |
| WULF Terawulf Inc. | Sold out | 0.00% | −0.14 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.14 |
| BA The Boeing Co. | Sold out | 0.00% | −0.14 |
| CIFR Cipher Digital Inc. | Sold out | 0.00% | −0.13 |
Portfolio Buys Q4 2024 → Q1 2025
| XPEV Xpeng Inc. - ADR | Add +112.0% | 19.60% | +17.86 |
| BABA Alibaba Group Holding-SP ADR | Add +977.6% | 15.04% | +14.75 |
| BIDU Baidu Inc. - Spon ADR | New | 5.44% | +5.44 |
| NFLX Netflix Inc. | New | 2.11% | +2.11 |
| BEKE Ke Holdings Inc.-ADR | Add +37.0% | 2.65% | +2.07 |
| MU Micron Technology Inc. | New | 1.47% | +1.47 |
| TTWO Take-Two Interactive Softwre | New | 1.39% | +1.39 |
| SPOT Spotify Technology SA | Add +68.9% | 1.33% | +1.12 |
| GDS GDS Holdings Ltd. - ADR | New | 1.05% | +1.05 |
| TLN Talen Energy Corp. | New | 0.58% | +0.58 |
| WDC Western Digital Corp. | Add +82.8% | 0.73% | +0.53 |
| KC Kingsoft Cloud Holdings-ADR | New | 0.51% | +0.51 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 15 | $217.0M | WDC, STX, MU, SNDK, TSM |
| Q1 2026 | 21 | $104.0M | SNDK, WDC, MU, STX, TSM |
| Q4 2025 | 36 | $150.3M | STX, MU, WDC, TSM, SNDK |
| Q3 2025 | 55 | $141.1M | NVDA, TSM, XPEV, KC, VST |
| Q2 2025 | 37 | $109.7M | NVDA, VST, TSM, GOOG, MSFT |
| Q1 2025 | 37 | $50.7M | XPEV, BABA, NVDA, BIDU, VST |
| Q4 2024 | 72 | $154.0M | NVDA, AMZN, TSM, VST, TSLA |
| Q3 2024 | 30 | $67.1M | BABA, FUTU, KWEB, IWM, XPEV |
| Q2 2024 | 47 | $143.4M | NVDA, WDC, TSM, MU, MSFT |
| Q1 2024 | 38 | $83.0M | NVDA, DELL, MU, WDC, RSP |