Central Asset Investments & Management Holdings (HK) Ltd

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Central Asset Investments & Management Holdings (HK) Ltd reported 37 stock positions worth $109.7 million. Its top holding was Nvidia (NVDA) at 27.6% of the portfolio, followed by Vistra (VST, 8.8%) and Taiwan Semiconductor-SP ADR (TSM, 7.2%). Compared with Q1 2025, it opened 9 new positions, sold out of 9, added to 21 and reduced 4. The biggest buy was Nvidia (NVDA, shares +300%) and the biggest sale an exit from Xpeng Inc. - ADR (XPEV).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001583672
Portfolio Value
$109.7M (Q2 2025)
SEC Filing
0001583672-25-000003 ↗ filed Aug 8, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $83.0M Q1 2024 Q2 2024: $143.4M Q2 2024 Q3 2024: $67.1M Q3 2024 Q4 2024: $154.0M Q4 2024 Q1 2025: $50.7M Q1 2025 Q2 2025: $109.7M $109.7M Q2 2025 Q3 2025: $141.1M Q3 2025 Q4 2025: $150.3M Q4 2025 Q1 2026: $104.0M Q1 2026 Q2 2026: $217.0M Q2 2026

Holdings 37 stocks · $109.7M
NVDA Nvidia Corp. 27.60% 191,700 $30.3M Add +300.2%
VST Vistra Corp. 8.81% 49,900 $9.7M Add +154.6%
TSM Taiwan Semiconductor-SP ADR 7.17% 34,713 $7.9M Add +312.6%
GOOG Alphabet Inc. Class C 6.58% 40,731 $7.2M Add +564.4%
MSFT Microsoft Corp. 5.78% 12,745 $6.3M Add +833.7%
NFLX Netflix Inc. 4.70% 3,854 $5.2M Add +235.7%
CEG Constellation Energy 3.51% 11,935 $3.9M Add +137.9%
META Meta Platforms Inc. Class A 3.47% 5,155 $3.8M Add +393.3%
GLD SPDR Gold Shares 2.85% 10,266 $3.1M Add +819.9%
STX Seagate Technology Holdings 2.46% 18,734 $2.7M Add +185.8%
GEV GE Vernova Inc. 2.45% 5,073 $2.7M Add +310.4%
AMZN Amazon.com Inc. 2.37% 11,855 $2.6M Add +11.7%
BIDU Baidu Inc. - Spon ADR 2.34% 30,000 $2.6M No change
IBIT iShares Bitcoin Trust ETF 1.85% 33,100 $2.0M Add +125.2%
AVGO Broadcom Inc. 1.58% 6,300 $1.7M Add +161.4%
JPM JPMorgan Chase & Co. 1.45% 5,498 $1.6M New
WDC Western Digital Corp. 1.34% 23,040 $1.5M Add +152.1%
TLN Talen Energy Corp. 1.16% 4,394 $1.3M Add +196.3%
BABA Alibaba Group Holding-SP ADR 1.14% 11,027 $1.3M Reduce -80.9%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 1.08% 67,000 $1.2M No change
ETHA iShares Ethereum Trust ETF 1.04% 59,580 $1.1M Add +96.1%
NRG NRG Energy Inc. 1.03% 7,050 $1.1M New
SNOW Snowflake Inc. 1.02% 5,000 $1.1M New
TTWO Take-Two Interactive Softwre 1.02% 4,600 $1.1M Add +35.3%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 1.02% 9,018 $1.1M No change
MU Micron Technology Inc. 0.74% 6,603 $814K Reduce -23.1%
MS Morgan Stanley 0.67% 5,230 $737K Add +92.2%
VRT Vertiv Holdings Co. Class A 0.59% 5,050 $648K New
BE Bloom Energy Corp. Class A 0.53% 24,500 $586K Reduce -36.4%
APP AppLovin Corp. Class A 0.45% 1,420 $497K New
COIN Coinbase Global Inc. Class A 0.43% 1,350 $473K New
GS Goldman Sachs Group Inc. 0.42% 654 $463K Add +30.8%
LI Li Auto Inc. - ADR 0.37% 15,000 $407K New
PANW Palo Alto Networks Inc. 0.34% 1,800 $368K Reduce -69.7%
CRM Salesforce Inc. 0.25% 1,000 $273K New
VIPS Vipshop Holdings Ltd. - ADR 0.23% 17,000 $256K New
AES AES Corp. 0.14% 14,100 $148K Add +33.0%

Options reported separately and not counted above: SPY puts ($24.7M).

Other holdings (4): bonds, preferreds, convertibles and warrants · $8.5M (not counted above)
SecurityClassShares / PrincipalValueChange
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal 2,000,000$5.1MNo change
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 3,000,000$2.8MNo change
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 500,000$478KNo change
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal 100,000$89KNo change

Total filed on the 13F, all lines: $118.2M.

Portfolio Sells Q1 2025 → Q2 2025
XPEV Xpeng Inc. - ADR Sold out 0.00% −19.60
BABA Alibaba Group Holding-SP ADR Reduce -80.9% 1.14% −13.90
KWEB Kranesh Csi China Internet Sold out 0.00% −3.53
MMYT Makemytrip Ltd. Sold out 0.00% −2.20
PANW Palo Alto Networks Inc. Reduce -69.7% 0.34% −1.66
HTHT H World Group Ltd.-ADR Sold out 0.00% −1.46
SPOT Spotify Technology SA Sold out 0.00% −1.33
GDS GDS Holdings Ltd. - ADR Sold out 0.00% −1.05
BE Bloom Energy Corp. Class A Reduce -36.4% 0.53% −0.96
MU Micron Technology Inc. Reduce -23.1% 0.74% −0.73
PDD PDD Holdings Inc. Sold out 0.00% −0.58
LLY Eli Lilly & Co. Sold out 0.00% −0.57
KC Kingsoft Cloud Holdings-ADR Sold out 0.00% −0.51

Portfolio Buys Q1 2025 → Q2 2025
NVDA Nvidia Corp. Add +300.2% 27.60% +17.37
MSFT Microsoft Corp. Add +833.7% 5.78% +4.77
GOOG Alphabet Inc. Class C Add +564.4% 6.58% +4.70
TSM Taiwan Semiconductor-SP ADR Add +312.6% 7.17% +4.41
VST Vistra Corp. Add +154.6% 8.81% +4.28
NFLX Netflix Inc. Add +235.7% 4.70% +2.59
META Meta Platforms Inc. Class A Add +393.3% 3.47% +2.28
GLD SPDR Gold Shares Add +819.9% 2.85% +2.22
GEV GE Vernova Inc. Add +310.4% 2.45% +1.70
CEG Constellation Energy Add +137.9% 3.51% +1.52
JPM JPMorgan Chase & Co. New 1.45% +1.45
STX Seagate Technology Holdings Add +185.8% 2.46% +1.37
NRG NRG Energy Inc. New 1.03% +1.03
SNOW Snowflake Inc. New 1.02% +1.02
AVGO Broadcom Inc. Add +161.4% 1.58% +0.79
WDC Western Digital Corp. Add +152.1% 1.34% +0.62
VRT Vertiv Holdings Co. Class A New 0.59% +0.59
TLN Talen Energy Corp. Add +196.3% 1.16% +0.58
IBIT iShares Bitcoin Trust ETF Add +125.2% 1.85% +0.49
APP AppLovin Corp. Class A New 0.45% +0.45
COIN Coinbase Global Inc. Class A New 0.43% +0.43
LI Li Auto Inc. - ADR New 0.37% +0.37
CRM Salesforce Inc. New 0.25% +0.25
VIPS Vipshop Holdings Ltd. - ADR New 0.23% +0.23
ETHA iShares Ethereum Trust ETF Add +96.1% 1.04% +0.21
MS Morgan Stanley Add +92.2% 0.67% +0.05
GS Goldman Sachs Group Inc. Add +30.8% 0.42% −0.12
AES AES Corp. Add +33.0% 0.14% −0.12
TTWO Take-Two Interactive Softwre Add +35.3% 1.02% −0.37
AMZN Amazon.com Inc. Add +11.7% 2.37% −1.61

Options Activity Q1 2025 → Q2 2025
SPY SS SPDR S&P 500 ETF Trust-US put New 400 $24.7M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 15$217.0MWDC, STX, MU, SNDK, TSM
Q1 2026 21$104.0MSNDK, WDC, MU, STX, TSM
Q4 2025 36$150.3MSTX, MU, WDC, TSM, SNDK
Q3 2025 55$141.1MNVDA, TSM, XPEV, KC, VST
Q2 2025 37$109.7MNVDA, VST, TSM, GOOG, MSFT
Q1 2025 37$50.7MXPEV, BABA, NVDA, BIDU, VST
Q4 2024 72$154.0MNVDA, AMZN, TSM, VST, TSLA
Q3 2024 30$67.1MBABA, FUTU, KWEB, IWM, XPEV
Q2 2024 47$143.4MNVDA, WDC, TSM, MU, MSFT
Q1 2024 38$83.0MNVDA, DELL, MU, WDC, RSP