Central Asset Investments & Management Holdings (HK) Ltd In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 17, 2025), Central Asset Investments & Management Holdings (HK) Ltd reported 55 stock positions worth $141.1 million . Its top holding was Nvidia (NVDA) at 21.1% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 10.4% ) and Xpeng Inc. - ADR (XPEV, 5.8% ). Compared with Q2 2025, it opened 24 new positions, sold out of 6, added to 14 and reduced 17. The biggest buy was a new position in Xpeng Inc. - ADR (XPEV) and the biggest sale Nvidia (NVDA, shares −17% ).
Location HONG KONG, K3
CIK 0001583672
Portfolio Value $141.1M (Q3 2025) Holdings 55 stocks · $141.1M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2025 NVDA Nvidia Corp. 159,482 $29.8M Reduce -16.8% TSM Taiwan Semiconductor-SP ADR 52,527 $14.7M Add +51.3% XPEV Xpeng Inc. - ADR 349,088 $8.2M New KC Kingsoft Cloud Holdings-ADR 462,227 $6.9M New VST Vistra Corp. 26,761 $5.2M Reduce -46.4% STX Seagate Technology Holdings 21,825 $5.2M Add +16.5% PDD PDD Holdings Inc. 38,350 $5.1M New GLD SPDR Gold Shares 13,777 $4.9M Add +34.2% BE Bloom Energy Corp. Class A 48,128 $4.1M Add +96.4% WDC Western Digital Corp. 33,428 $4.0M Add +45.1% BABA Alibaba Group Holding-SP ADR 22,009 $3.9M Add +99.6% META Meta Platforms Inc. Class A 4,352 $3.2M Reduce -15.6% GOOG Alphabet Inc. Class C 12,944 $3.2M Reduce -68.2% SNDK Sandisk Corp. 27,197 $3.1M New FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 17,273 $3.0M Add +91.5% TLN Talen Energy Corp. 6,795 $2.9M Add +54.6% MSFT Microsoft Corp. 5,144 $2.7M Reduce -59.6% CEG Constellation Energy 7,334 $2.4M Reduce -38.5% PANW Palo Alto Networks Inc. 11,617 $2.4M Add +545.4% ETHA iShares Ethereum Trust ETF 63,981 $2.0M Add +7.4% MU Micron Technology Inc. 12,024 $2.0M Add +82.1% TTWO Take-Two Interactive Softwre 7,463 $1.9M Add +62.2% AVGO Broadcom Inc. 5,625 $1.9M Reduce -10.7% JPM JPMorgan Chase & Co. 5,379 $1.7M Reduce -2.2% GEV GE Vernova Inc. 2,017 $1.2M Reduce -60.2% GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 28,400 $1.1M New GS Goldman Sachs Group Inc. 1,329 $1.1M Add +103.2% MS Morgan Stanley 6,215 $988K Add +18.8% ANET Arista Networks Inc. 6,360 $927K New ORCL Oracle Corp. 3,209 $902K New APP AppLovin Corp. Class A 1,108 $796K Reduce -22.0% NRG NRG Energy Inc. 4,635 $751K Reduce -34.3% CDNS Cadence Design SYS Inc. 1,982 $696K New SNPS Synopsys Inc. 1,400 $691K New AMZN Amazon.com Inc. 3,029 $665K Reduce -74.5% VRT Vertiv Holdings Co. Class A 4,200 $634K Reduce -16.8% NTES Netease Inc.-ADR 4,162 $633K New IBIT iShares Bitcoin Trust ETF 8,000 $520K Reduce -75.8% NIO Nio Inc. - ADR 56,510 $431K New BTDR Bitdeer Technologies Group-A 23,500 $402K New RIOT Riot Platforms Inc. 20,400 $388K New CIFR Cipher Digital Inc. 29,500 $371K New VNET Vnet Group Inc.-ADR 34,500 $356K New SNOW Snowflake Inc. 1,550 $350K Reduce -69.0% HSAI Hesai Group 11,710 $329K New NFLX Netflix Inc. 269 $323K Reduce -93.0% WULF Terawulf Inc. 26,900 $307K New LI Li Auto Inc. - ADR 12,000 $304K Reduce -20.0% IREN Iren Ltd. filed as IREN LIMITED 6,200 $291K New GRAB Grab Holdings Ltd. Class A 47,000 $283K New MMYT Makemytrip Ltd. 3,000 $281K New RDDT Reddit Inc. Class A 1,200 $276K New D Dominion Energy Inc. 4,000 $245K New LRCX Lam Research Corp. 1,550 $208K New MARA Mara Holdings Inc. 10,500 $192K New
Options reported separately and not counted above: QQQ puts ($24.0M).
Other holdings (4): bonds, preferreds, convertibles and warrants · $4.2M (not counted above) Total filed on the 13F, all lines: $145.3M.
Portfolio Sells Q2 2025 → Q3 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▲ NVDA Nvidia Corp. Reduce -16.8% 21.09% −6.51 VST Vistra Corp. Reduce -46.4% 3.72% −5.10 NFLX Netflix Inc. Reduce -93.0% 0.23% −4.47 GOOG Alphabet Inc. Class C Reduce -68.2% 2.23% −4.35 MSFT Microsoft Corp. Reduce -59.6% 1.89% −3.89 BIDU Baidu Inc. - Spon ADR Sold out 0.00% −2.34 AMZN Amazon.com Inc. Reduce -74.5% 0.47% −1.90 CEG Constellation Energy Reduce -38.5% 1.71% −1.80 GEV GE Vernova Inc. Reduce -60.2% 0.88% −1.57 IBIT iShares Bitcoin Trust ETF Reduce -75.8% 0.37% −1.48 META Meta Platforms Inc. Class A Reduce -15.6% 2.27% −1.20 BEKE Ke Holdings Inc.-ADR Sold out 0.00% −1.08 SNOW Snowflake Inc. Reduce -69.0% 0.25% −0.77 NRG NRG Energy Inc. Reduce -34.3% 0.53% −0.50 COIN Coinbase Global Inc. Class A Sold out 0.00% −0.43 AVGO Broadcom Inc. Reduce -10.7% 1.32% −0.27 JPM JPMorgan Chase & Co. Reduce -2.2% 1.20% −0.25 CRM Salesforce Inc. Sold out 0.00% −0.25 VIPS Vipshop Holdings Ltd. - ADR Sold out 0.00% −0.23 LI Li Auto Inc. - ADR Reduce -20.0% 0.22% −0.15 VRT Vertiv Holdings Co. Class A Reduce -16.8% 0.45% −0.14 AES AES Corp. Sold out 0.00% −0.14 APP AppLovin Corp. Class A Reduce -22.0% 0.56% +0.11
Portfolio Buys Q2 2025 → Q3 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▼ XPEV Xpeng Inc. - ADR New 5.80% +5.80 KC Kingsoft Cloud Holdings-ADR New 4.89% +4.89 PDD PDD Holdings Inc. New 3.59% +3.59 TSM Taiwan Semiconductor-SP ADR Add +51.3% 10.40% +3.24 BE Bloom Energy Corp. Class A Add +96.4% 2.89% +2.35 SNDK Sandisk Corp. New 2.16% +2.16 BABA Alibaba Group Holding-SP ADR Add +99.6% 2.79% +1.65 WDC Western Digital Corp. Add +45.1% 2.85% +1.50 PANW Palo Alto Networks Inc. Add +545.4% 1.68% +1.34 STX Seagate Technology Holdings Add +16.5% 3.65% +1.19 FUTU Futu Holdings Ltd.-ADR Add +91.5% 2.13% +1.11 TLN Talen Energy Corp. Add +54.6% 2.05% +0.88 GDS GDS Holdings Ltd. - ADR New 0.78% +0.78 MU Micron Technology Inc. Add +82.1% 1.43% +0.68 ANET Arista Networks Inc. New 0.66% +0.66 ORCL Oracle Corp. New 0.64% +0.64 GLD SPDR Gold Shares Add +34.2% 3.47% +0.62 CDNS Cadence Design SYS Inc. New 0.49% +0.49 SNPS Synopsys Inc. New 0.49% +0.49 NTES Netease Inc.-ADR New 0.45% +0.45 ETHA iShares Ethereum Trust ETF Add +7.4% 1.43% +0.39 TTWO Take-Two Interactive Softwre Add +62.2% 1.37% +0.35 GS Goldman Sachs Group Inc. Add +103.2% 0.75% +0.33 NIO Nio Inc. - ADR New 0.31% +0.31 BTDR Bitdeer Technologies Group-A New 0.28% +0.28 RIOT Riot Platforms Inc. New 0.28% +0.28 CIFR Cipher Digital Inc. New 0.26% +0.26 VNET Vnet Group Inc.-ADR New 0.25% +0.25 HSAI Hesai Group New 0.23% +0.23 WULF Terawulf Inc. New 0.22% +0.22 IREN Iren Ltd. New 0.21% +0.21 GRAB Grab Holdings Ltd. Class A New 0.20% +0.20 MMYT Makemytrip Ltd. New 0.20% +0.20 RDDT Reddit Inc. Class A New 0.20% +0.20 D Dominion Energy Inc. New 0.17% +0.17 LRCX Lam Research Corp. New 0.15% +0.15 MARA Mara Holdings Inc. New 0.14% +0.14 MS Morgan Stanley Add +18.8% 0.70% +0.03
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Sold out 400 $24.7Mbefore exit QQQ Invesco QQQ Trust Series 1 put New 400 $24.0M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025 Security Class Change vs Q2 2025 Shares / Principal Value ▼ MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal Sold out 2,000,000 $5.1Mbefore exit HUT Hut 8 Corp. COM · principal New 22,000 $766K
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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