Central Asset Investments & Management Holdings (HK) Ltd

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Central Asset Investments & Management Holdings (HK) Ltd reported 36 stock positions worth $150.3 million. Its top holding was Seagate Technology (STX) at 16.2% of the portfolio, followed by Micron Technology (MU, 15.9%) and Western Digital (WDC, 15.3%). Compared with Q3 2025, it opened 7 new positions, sold out of 26, added to 14 and reduced 14. The biggest buy was Micron Technology (MU, shares +596%) and the biggest sale Nvidia (NVDA, shares −70%).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001583672
Portfolio Value
$150.3M (Q4 2025)
SEC Filing
0001583672-26-000001 ↗ filed Feb 5, 2026

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 Q2 2025 Q3 2025: $141.1M Q3 2025 Q4 2025: $150.3M $150.3M Q4 2025 Q1 2026: $104.0M Q1 2026 Q2 2026: $217.0M Q2 2026

Holdings 36 stocks · $150.3M
STX Seagate Technology Holdings 16.16% 88,224 $24.3M Add +304.2%
MU Micron Technology Inc. 15.90% 83,741 $23.9M Add +596.5%
WDC Western Digital Corp. 15.33% 133,748 $23.0M Add +300.1%
TSM Taiwan Semiconductor-SP ADR 8.85% 43,801 $13.3M Reduce -16.6%
SNDK Sandisk Corp. 8.34% 52,811 $12.5M Add +94.2%
NVDA Nvidia Corp. 6.00% 48,392 $9.0M Reduce -69.7%
GOOG Alphabet Inc. Class C 4.66% 22,307 $7.0M Add +72.3%
BABA Alibaba Group Holding-SP ADR 3.26% 33,409 $4.9M Add +51.8%
GLD SPDR Gold Shares 3.21% 12,173 $4.8M Reduce -11.6%
JPM JPMorgan Chase & Co. 2.55% 11,892 $3.8M Add +121.1%
GS Goldman Sachs Group Inc. 2.32% 3,976 $3.5M Add +199.2%
BIDU Baidu Inc. - Spon ADR 1.75% 20,100 $2.6M New
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 1.72% 15,768 $2.6M Reduce -8.7%
MS Morgan Stanley 1.64% 13,873 $2.5M Add +123.2%
PDD PDD Holdings Inc. 1.06% 14,083 $1.6M Reduce -63.3%
SE Sea Ltd.-ADR 0.69% 8,173 $1.0M New
PANW Palo Alto Networks Inc. 0.61% 4,980 $917K Reduce -57.1%
VRT Vertiv Holdings Co. Class A 0.59% 5,493 $890K Add +30.8%
XPEV Xpeng Inc. - ADR 0.52% 38,222 $775K Reduce -89.0%
AMZN Amazon.com Inc. 0.50% 3,284 $758K Add +8.4%
BE Bloom Energy Corp. Class A 0.46% 7,938 $690K Reduce -83.5%
RDDT Reddit Inc. Class A 0.45% 2,913 $670K Add +142.8%
APP AppLovin Corp. Class A 0.41% 910 $613K Reduce -17.9%
TTWO Take-Two Interactive Softwre 0.39% 2,294 $587K Reduce -69.3%
MSFT Microsoft Corp. 0.39% 1,206 $583K Reduce -76.6%
SNOW Snowflake Inc. 0.36% 2,461 $540K Add +58.8%
HUT Hut 8 Corp. 0.26% 8,655 $398K New
LBRT Liberty Energy Inc. 0.25% 20,300 $375K New
SEI Solaris Energy Infrastructur 0.23% 7,400 $340K New
RIOT Riot Platforms Inc. 0.22% 25,600 $324K Add +25.5%
CEG Constellation Energy 0.20% 835 $295K Reduce -88.6%
TLN Talen Energy Corp. 0.18% 720 $270K Reduce -89.4%
MMYT Makemytrip Ltd. 0.16% 3,000 $246K No change
NFLX Netflix Inc. 0.16% 2,600 $244K Reduce -3.4%
ALB Albemarle Corp. 0.16% 1,700 $240K New
RERE Atrenew Inc. 0.07% 19,000 $101K New
Other holdings (3): bonds, preferreds, convertibles and warrants · $3.5M (not counted above)
SecurityClassShares / PrincipalValueChange
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 3,000,000$2.9MNo change
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 500,000$492KNo change
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal 100,000$92KNo change

Total filed on the 13F, all lines: $153.8M.

Portfolio Sells Q3 2025 → Q4 2025
NVDA Nvidia Corp. Reduce -69.7% 6.00% −15.09
XPEV Xpeng Inc. - ADR Reduce -89.0% 0.52% −5.28
KC Kingsoft Cloud Holdings-ADR Sold out 0.00% −4.89
VST Vistra Corp. Sold out 0.00% −3.72
PDD PDD Holdings Inc. Reduce -63.3% 1.06% −2.53
BE Bloom Energy Corp. Class A Reduce -83.5% 0.46% −2.43
META Meta Platforms Inc. Class A Sold out 0.00% −2.27
TLN Talen Energy Corp. Reduce -89.4% 0.18% −1.87
TSM Taiwan Semiconductor-SP ADR Reduce -16.6% 8.85% −1.55
CEG Constellation Energy Reduce -88.6% 0.20% −1.51
MSFT Microsoft Corp. Reduce -76.6% 0.39% −1.50
ETHA iShares Ethereum Trust ETF Sold out 0.00% −1.43
AVGO Broadcom Inc. Sold out 0.00% −1.32
PANW Palo Alto Networks Inc. Reduce -57.1% 0.61% −1.07
TTWO Take-Two Interactive Softwre Reduce -69.3% 0.39% −0.98
GEV GE Vernova Inc. Sold out 0.00% −0.88
GDS GDS Holdings Ltd. - ADR Sold out 0.00% −0.78
ANET Arista Networks Inc. Sold out 0.00% −0.66
ORCL Oracle Corp. Sold out 0.00% −0.64
NRG NRG Energy Inc. Sold out 0.00% −0.53
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.49
SNPS Synopsys Inc. Sold out 0.00% −0.49
NTES Netease Inc.-ADR Sold out 0.00% −0.45
FUTU Futu Holdings Ltd.-ADR Reduce -8.7% 1.72% −0.41
IBIT iShares Bitcoin Trust ETF Sold out 0.00% −0.37
NIO Nio Inc. - ADR Sold out 0.00% −0.31
BTDR Bitdeer Technologies Group-A Sold out 0.00% −0.28
CIFR Cipher Digital Inc. Sold out 0.00% −0.26
GLD SPDR Gold Shares Reduce -11.6% 3.21% −0.26
VNET Vnet Group Inc.-ADR Sold out 0.00% −0.25
HSAI Hesai Group Sold out 0.00% −0.23
WULF Terawulf Inc. Sold out 0.00% −0.22
LI Li Auto Inc. - ADR Sold out 0.00% −0.22
IREN Iren Ltd. Sold out 0.00% −0.21
GRAB Grab Holdings Ltd. Class A Sold out 0.00% −0.20
D Dominion Energy Inc. Sold out 0.00% −0.17
APP AppLovin Corp. Class A Reduce -17.9% 0.41% −0.16
LRCX Lam Research Corp. Sold out 0.00% −0.15
MARA Mara Holdings Inc. Sold out 0.00% −0.14
NFLX Netflix Inc. Reduce -3.4% 0.16% −0.07

Portfolio Buys Q3 2025 → Q4 2025
MU Micron Technology Inc. Add +596.5% 15.90% +14.47
STX Seagate Technology Holdings Add +304.2% 16.16% +12.51
WDC Western Digital Corp. Add +300.1% 15.33% +12.48
SNDK Sandisk Corp. Add +94.2% 8.34% +6.18
GOOG Alphabet Inc. Class C Add +72.3% 4.66% +2.42
BIDU Baidu Inc. - Spon ADR New 1.75% +1.75
GS Goldman Sachs Group Inc. Add +199.2% 2.32% +1.57
JPM JPMorgan Chase & Co. Add +121.1% 2.55% +1.35
MS Morgan Stanley Add +123.2% 1.64% +0.94
SE Sea Ltd.-ADR New 0.69% +0.69
BABA Alibaba Group Holding-SP ADR Add +51.8% 3.26% +0.47
HUT Hut 8 Corp. New 0.26% +0.26
RDDT Reddit Inc. Class A Add +142.8% 0.45% +0.25
LBRT Liberty Energy Inc. New 0.25% +0.25
SEI Solaris Energy Infrastructur New 0.23% +0.23
ALB Albemarle Corp. New 0.16% +0.16
VRT Vertiv Holdings Co. Class A Add +30.8% 0.59% +0.14
SNOW Snowflake Inc. Add +58.8% 0.36% +0.11
RERE Atrenew Inc. New 0.07% +0.07
AMZN Amazon.com Inc. Add +8.4% 0.50% +0.03
RIOT Riot Platforms Inc. Add +25.5% 0.22% −0.06

Options Activity Q3 2025 → Q4 2025
QQQ Invesco QQQ Trust Series 1 put Sold out 400 $24.0Mbefore exit

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

Notes & Other Activity Q3 2025 → Q4 2025
HUT Hut 8 Corp. COM · principal Sold out 22,000 $766Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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