China Universal Asset Management Co., Ltd.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), China Universal Asset Management Co., Ltd. reported 477 stock positions worth $1.2 billion. Its top holding was Nvidia (NVDA) at 7.1% of the portfolio, followed by Microsoft (MSFT, 6.3%) and Apple (AAPL, 5.3%). Compared with Q2 2025, it opened 40 new positions, sold out of 39, added to 143 and reduced 265. The biggest buy was Nvidia (NVDA, shares +9%) and the biggest sale Sap SE-Sponsored ADR (SAP, shares −49%).
- Most Recent 13F
- Q2 2026
- Location
- SHANGHAI, F4
- CIK
- 0001906594
- Portfolio Value
- $1.2B (Q3 2025)
- SEC Filing
- 0001906594-25-000006 ↗ filed Nov 10, 2025
Holdings Value
Holdings 477 stocks · $1.2B
| NVDA Nvidia Corp. | 7.13% | 462,213 | $86.2M | Add +9.3% |
| MSFT Microsoft Corp. | 6.25% | 146,073 | $75.7M | Add +3.6% |
| AAPL Apple Inc. | 5.29% | 251,595 | $64.1M | Add +5.5% |
| AMZN Amazon.com Inc. | 4.42% | 243,722 | $53.5M | Add +1.2% |
| AVGO Broadcom Inc. | 4.02% | 147,363 | $48.6M | Add +7.8% |
| GOOGL Alphabet Inc. Class A | 3.05% | 152,050 | $37.0M | Add +5.5% |
| META Meta Platforms Inc. Class A | 2.96% | 48,854 | $35.9M | Add +2.3% |
| NFLX Netflix Inc. | 1.97% | 19,899 | $23.9M | Add +6.3% |
| TSLA Tesla Inc. | 1.78% | 48,504 | $21.6M | Add +8.8% |
| AMGN Amgen Inc. | 1.51% | 64,628 | $18.2M | Add +7.0% |
| GILD Gilead Sciences Inc. | 1.48% | 161,155 | $17.9M | Add +4.3% |
| VRTX Vertex Pharmaceuticals Inc. | 1.46% | 45,114 | $17.7M | Add +1.9% |
| GOOG Alphabet Inc. Class C | 1.42% | 70,798 | $17.2M | Add +5.3% |
| PLTR Palantir Technologies Inc. Class A | 1.28% | 84,715 | $15.5M | Add +6.3% |
| APP AppLovin Corp. Class A | 1.22% | 20,621 | $14.8M | Reduce -2.2% |
| IAUM iShares Gold Trust Micro | 1.22% | 382,500 | $14.7M | Reduce -7.3% |
| COST Costco Wholesale Corp. | 1.21% | 15,819 | $14.6M | Add +8.4% |
| GLDM SPDR Gold Minishares Trust | 1.20% | 189,200 | $14.5M | No change |
| REGN Regeneron Pharmaceuticals | 0.99% | 21,359 | $12.0M | Reduce -12.9% |
| BAR Graniteshares Gold Trust | 0.95% | 303,000 | $11.5M | No change |
| V Visa Inc. Class A | 0.88% | 31,165 | $10.6M | Reduce -4.6% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.86% | 22,787 | $10.4M | Reduce -18.1% |
| AZN Astrazeneca PLC-Spons ADR | 0.85% | 133,580 | $10.2M | Reduce -10.3% |
| AMD Advanced Micro Devices | 0.83% | 62,278 | $10.1M | Reduce -1.7% |
| GLD SPDR Gold Shares | 0.81% | 27,662 | $9.8M | Reduce -5.0% |
| AAAU Goldman Sachs Physical Gold | 0.73% | 232,000 | $8.8M | No change |
| KLAC KLA Corp. | 0.72% | 8,114 | $8.8M | Add +6.3% |
| INTU Intuit Inc. | 0.72% | 12,776 | $8.7M | Add +9.8% |
| CSCO Cisco Systems Inc. | 0.65% | 114,690 | $7.8M | Add +10.8% |
| SHOP Shopify Inc. Class A | 0.64% | 51,918 | $7.7M | Add +39.0% |
| SLV iShares Silver Trust | 0.62% | 177,900 | $7.5M | Add +167.9% |
| PANW Palo Alto Networks Inc. | 0.61% | 36,458 | $7.4M | Add +7.4% |
| ADI Analog Devices Inc. | 0.61% | 29,837 | $7.3M | Add +4.1% |
| BKNG Booking Holdings Inc. | 0.60% | 1,356 | $7.3M | Add +1.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.60% | 25,784 | $7.2M | Reduce -22.3% |
| TMUS T-Mobile US Inc. | 0.59% | 29,710 | $7.1M | Reduce -22.0% |
| LRCX Lam Research Corp. | 0.55% | 49,911 | $6.7M | Add +42.4% |
| MU Micron Technology Inc. | 0.55% | 39,544 | $6.6M | Add +55.8% |
| LIN Linde PLC | 0.53% | 13,580 | $6.5M | Add +10.4% |
| APH Amphenol Corp. Class A | 0.49% | 48,000 | $5.9M | No change |
| ORCL Oracle Corp. | 0.49% | 20,922 | $5.9M | Add +4.9% |
| BTI British American Tob-SP ADR | 0.47% | 106,958 | $5.7M | Add +81.1% |
| PEP Pepsico Inc. | 0.46% | 39,640 | $5.6M | Add +10.7% |
| SNPS Synopsys Inc. | 0.46% | 11,235 | $5.5M | Add +24.5% |
| DASH DoorDash Inc. Class A | 0.46% | 20,372 | $5.5M | Add +8.3% |
| BABA Alibaba Group Holding-SP ADR | 0.46% | 30,923 | $5.5M | New |
| SGOL Abrdn Physical Gold Shares | 0.44% | 146,000 | $5.4M | No change |
| INSM Insmed Inc. | 0.44% | 37,051 | $5.3M | Add +1.3% |
| INTC Intel Corp. | 0.43% | 153,549 | $5.2M | Add +55.0% |
| MA Mastercard Inc. Class A | 0.43% | 9,054 | $5.2M | Reduce -6.2% |
| ISRG Intuitive Surgical Inc. | 0.42% | 11,463 | $5.1M | Add +22.4% |
| MELI MercadoLibre Inc. | 0.42% | 2,178 | $5.1M | Add +9.4% |
| QCOM Qualcomm Inc. | 0.42% | 30,485 | $5.1M | Reduce -0.7% |
| ADBE Adobe Inc. | 0.40% | 13,599 | $4.8M | Reduce -6.7% |
| HD Home Depot Inc. | 0.38% | 11,428 | $4.6M | Reduce -7.0% |
| TXN Texas Instruments Inc. | 0.36% | 24,000 | $4.4M | Add +16.4% |
| SE Sea Ltd.-ADR | 0.36% | 24,400 | $4.4M | Reduce -12.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.36% | 8,825 | $4.3M | Add +8.2% |
| LLY Eli Lilly & Co. | 0.36% | 5,655 | $4.3M | Reduce -27.0% |
| AMAT Applied Materials Inc. | 0.36% | 21,031 | $4.3M | Add +15.4% |
| UTHR United Therapeutics Corp. | 0.34% | 9,927 | $4.2M | Add +9.6% |
| BIIB Biogen Inc. | 0.34% | 29,570 | $4.1M | Reduce -9.7% |
| NTES Netease Inc.-ADR | 0.33% | 26,100 | $4.0M | No change |
| ARGX Argenx SE - ADR | 0.33% | 5,366 | $4.0M | Reduce -15.3% |
| PDD PDD Holdings Inc. | 0.31% | 28,357 | $3.7M | Add +87.0% |
| CDNS Cadence Design SYS Inc. | 0.31% | 10,594 | $3.7M | Add +10.4% |
| UBER Uber Technologies Inc. | 0.30% | 37,268 | $3.7M | Add +15.7% |
| UGL Proshares Ultra Gold | 0.30% | 77,800 | $3.6M | Add +23.9% |
| NOW ServiceNow Inc. | 0.30% | 3,888 | $3.6M | Reduce -20.1% |
| HON Honeywell International Inc. | 0.29% | 16,761 | $3.5M | Add +14.9% |
| YMM Full Truck Alliance -SPN ADR | 0.29% | 267,000 | $3.5M | Reduce -11.6% |
| JNJ Johnson & Johnson | 0.29% | 18,638 | $3.5M | Add +14.5% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.28% | 19,776 | $3.4M | New |
| IAU iShares Gold Trust | 0.28% | 46,000 | $3.3M | No change |
| SNY Sanofi-ADR | 0.27% | 68,633 | $3.2M | Reduce -1.0% |
| ADP Automatic Data Processing | 0.26% | 10,693 | $3.2M | Add +16.0% |
| ADSK Autodesk Inc. | 0.26% | 9,849 | $3.1M | Add +7.5% |
| BSX Boston Scientific Corp. | 0.26% | 32,000 | $3.1M | Add +20.4% |
| CLS Celestica Inc. | 0.25% | 12,400 | $3.1M | Add +3.3% |
| CMCSA Comcast Corp. Class A | 0.25% | 97,222 | $3.1M | Add +15.0% |
| INCY Incyte Corp. | 0.24% | 34,229 | $2.9M | Reduce -12.0% |
| RCL Royal Caribbean Cruises Ltd. | 0.22% | 8,399 | $2.7M | Reduce -17.9% |
| CEG Constellation Energy | 0.22% | 8,247 | $2.7M | Add +15.9% |
| SMMT Summit Therapeutics Inc. | 0.22% | 130,210 | $2.7M | Reduce -12.7% |
| NKE Nike Inc. Class B | 0.22% | 38,366 | $2.7M | Add +258.0% |
| RPRX Royalty Pharma PLC Class A | 0.22% | 75,775 | $2.7M | Reduce -10.5% |
| MRK Merck & Co. Inc. | 0.22% | 31,406 | $2.7M | Add +9.9% |
| FTNT Fortinet Inc. | 0.22% | 31,229 | $2.6M | Add +10.1% |
| TCOM Trip.com Group Ltd.-ADR | 0.21% | 34,500 | $2.6M | No change |
| NVS Novartis AG-Sponsored ADR | 0.21% | 20,000 | $2.6M | Add +33.3% |
| SBUX Starbucks Corp. | 0.21% | 30,104 | $2.5M | Add +16.2% |
| MEDP Medpace Holdings Inc. | 0.21% | 4,924 | $2.5M | Reduce -14.7% |
| ABBV Abbvie Inc. | 0.21% | 10,906 | $2.5M | Reduce -32.0% |
| RERE Atrenew Inc. | 0.20% | 536,000 | $2.5M | New |
| ASML ASML Holding NV-NY Reg SHS | 0.20% | 2,537 | $2.5M | Reduce -15.0% |
| NBIX Neurocrine Biosciences Inc. | 0.20% | 17,385 | $2.4M | Reduce -12.5% |
| THC Tenet Healthcare Corp. | 0.20% | 12,000 | $2.4M | Add +33.3% |
| ORLY O'reilly Automotive Inc. | 0.20% | 22,400 | $2.4M | Add +15.4% |
| WDAY Workday Inc. Class A | 0.20% | 9,979 | $2.4M | Reduce -30.0% |
| TEM Tempus AI Inc. Class A | 0.20% | 29,568 | $2.4M | Reduce -12.4% |
Lines left out (1) · $298 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| SPY SS SPDR S&P 500 ETF Trust-US | TR UNIT | 0 | $298 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q2 2025 → Q3 2025
| SAP Sap SE-Sponsored ADR | Reduce -48.5% | 0.19% | −0.29 |
| TMUS T-Mobile US Inc. | Reduce -22.0% | 0.59% | −0.27 |
| SPOT Spotify Technology SA | Reduce -61.5% | 0.10% | −0.23 |
| REGN Regeneron Pharmaceuticals | Reduce -12.9% | 0.99% | −0.22 |
| V Visa Inc. Class A | Reduce -4.6% | 0.88% | −0.21 |
| LLY Eli Lilly & Co. | Reduce -27.0% | 0.36% | −0.21 |
| ABT Abbott Laboratories | Reduce -77.9% | 0.05% | −0.21 |
| AS Amer Sports Inc. | Reduce -56.8% | 0.10% | −0.20 |
| TPR Tapestry Inc. | Sold out | 0.00% | −0.20 |
| NOW ServiceNow Inc. | Reduce -20.1% | 0.30% | −0.18 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.17 |
| MNDY Monday.com Ltd. | Reduce -35.3% | 0.09% | −0.16 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −0.16 |
| CRM Salesforce Inc. | Reduce -67.0% | 0.05% | −0.14 |
| ADBE Adobe Inc. | Reduce -6.7% | 0.40% | −0.13 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -10.3% | 0.85% | −0.13 |
| WDAY Workday Inc. Class A | Reduce -30.0% | 0.20% | −0.12 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -22.3% | 0.60% | −0.11 |
| CMG Chipotle Mexican Grill Inc. | Reduce -99.7% | 0.00% | −0.11 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.10 |
| RVMD Revolution Medicines Inc. | Reduce -44.8% | 0.17% | −0.10 |
| DUOL Duolingo | Reduce -41.9% | 0.06% | −0.10 |
| MA Mastercard Inc. Class A | Reduce -6.2% | 0.43% | −0.08 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -17.9% | 0.22% | −0.08 |
| SMMT Summit Therapeutics Inc. | Reduce -12.7% | 0.22% | −0.08 |
| JPM JPMorgan Chase & Co. | Reduce -25.7% | 0.18% | −0.08 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −0.08 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.07 |
| VRNA Verona Pharma Ltd. | Reduce -35.4% | 0.13% | −0.07 |
| AAOI Applied Optoelectronics Inc. | Sold out | 0.00% | −0.07 |
| ABBV Abbvie Inc. | Reduce -32.0% | 0.21% | −0.07 |
| CRCL Circle Internet Group Inc. | Sold out | 0.00% | −0.07 |
| EXEL Exelixis Inc. | Reduce -13.8% | 0.16% | −0.07 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.07 |
| RPRX Royalty Pharma PLC Class A | Reduce -10.5% | 0.22% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -24.4% | 0.14% | −0.07 |
| IAUM iShares Gold Trust Micro | Reduce -7.3% | 1.22% | −0.06 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.06 |
| SE Sea Ltd.-ADR | Reduce -12.5% | 0.36% | −0.06 |
| BNTX Biontech SE-ADR | Reduce -12.1% | 0.14% | −0.06 |
| TAL Tal Education Group- ADR | Sold out | 0.00% | −0.06 |
| MRNA Moderna Inc. | Reduce -12.2% | 0.15% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -30.4% | 0.11% | −0.05 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.05 |
| ELV Elevance Health Inc. | Reduce -16.7% | 0.08% | −0.05 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -13.5% | 0.15% | −0.05 |
| CVS CVS Health Corp. | Reduce -22.3% | 0.15% | −0.05 |
| YMM Full Truck Alliance -SPN ADR | Reduce -11.6% | 0.29% | −0.05 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.05 |
| SNY Sanofi-ADR | Reduce -1.0% | 0.27% | −0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| NVDA Nvidia Corp. | Add +9.3% | 7.13% | +0.84 |
| AAPL Apple Inc. | Add +5.5% | 5.29% | +0.69 |
| GOOGL Alphabet Inc. Class A | Add +5.5% | 3.05% | +0.67 |
| AVGO Broadcom Inc. | Add +7.8% | 4.02% | +0.47 |
| BABA Alibaba Group Holding-SP ADR | New | 0.46% | +0.46 |
| TSLA Tesla Inc. | Add +8.8% | 1.78% | +0.45 |
| SLV iShares Silver Trust | Add +167.9% | 0.62% | +0.42 |
| GOOG Alphabet Inc. Class C | Add +5.3% | 1.42% | +0.30 |
| FUTU Futu Holdings Ltd.-ADR | New | 0.28% | +0.28 |
| PLTR Palantir Technologies Inc. Class A | Add +6.3% | 1.28% | +0.25 |
| MU Micron Technology Inc. | Add +55.8% | 0.55% | +0.25 |
| SHOP Shopify Inc. Class A | Add +39.0% | 0.64% | +0.23 |
| LRCX Lam Research Corp. | Add +42.4% | 0.55% | +0.23 |
| INTC Intel Corp. | Add +55.0% | 0.43% | +0.22 |
| BTI British American Tob-SP ADR | Add +81.1% | 0.47% | +0.20 |
| RERE Atrenew Inc. | New | 0.20% | +0.20 |
| PDD PDD Holdings Inc. | Add +87.0% | 0.31% | +0.16 |
| TMO Thermo Fisher Scientific Inc. | New | 0.16% | +0.16 |
| TRI Thomson Reuters Corp. | New | 0.15% | +0.15 |
| NKE Nike Inc. Class B | Add +258.0% | 0.22% | +0.15 |
| LITE Lumentum Holdings Inc. | New | 0.11% | +0.11 |
| TTMI TTM Technologies | New | 0.11% | +0.11 |
| COHR Coherent Corp. | New | 0.10% | +0.10 |
| UTHR United Therapeutics Corp. | Add +9.6% | 0.34% | +0.10 |
| INSM Insmed Inc. | Add +1.3% | 0.44% | +0.09 |
| UGL Proshares Ultra Gold | Add +23.9% | 0.30% | +0.09 |
| KLAC KLA Corp. | Add +6.3% | 0.72% | +0.08 |
| ARWR Arrowhead Pharmaceuticals Inc. | Add +52.3% | 0.12% | +0.08 |
| CLS Celestica Inc. | Add +3.3% | 0.25% | +0.08 |
| ORCL Oracle Corp. | Add +4.9% | 0.49% | +0.08 |
| RMBS Rambus Inc. | New | 0.07% | +0.07 |
| ANET Arista Networks Inc. | New | 0.07% | +0.07 |
| SYK Stryker Corp. | New | 0.06% | +0.06 |
| JOYY Joyy Inc.-ADR | New | 0.06% | +0.06 |
| RGEN Repligen Corp. | Add +4247.8% | 0.06% | +0.05 |
| THC Tenet Healthcare Corp. | Add +33.3% | 0.20% | +0.05 |
| JNJ Johnson & Johnson | Add +14.5% | 0.29% | +0.05 |
| CAT Caterpillar Inc. | New | 0.05% | +0.05 |
| RTX RTX Corp. | New | 0.05% | +0.05 |
| WBD Warner Bros Discovery Inc. | Add +16.4% | 0.11% | +0.04 |
| AMAT Applied Materials Inc. | Add +15.4% | 0.36% | +0.04 |
| NVS Novartis AG-Sponsored ADR | Add +33.3% | 0.21% | +0.04 |
| BMY Bristol-Myers Squibb Co. | New | 0.04% | +0.04 |
| NTLA Intellia Therapeutics Inc. | Add +86.6% | 0.06% | +0.04 |
| XBI SS SPDR S&P Biotech ETF | Add +868.3% | 0.04% | +0.04 |
| ORLY O'reilly Automotive Inc. | Add +15.4% | 0.20% | +0.03 |
| TME Tencent Music Entertainm-ADR | Add +15.3% | 0.19% | +0.03 |
| BLTE Belite Bio Inc. - ADR | New | 0.03% | +0.03 |
| CDNS Cadence Design SYS Inc. | Add +10.4% | 0.31% | +0.03 |
| BZ Kanzhun Ltd. - ADR | Add +276.1% | 0.03% | +0.03 |
Notes & Other Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | TR UNIT | Reduce -100.0% | 0 | $298 |
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 | 511 | $1.7B | NVDA, AAPL, MU, GOOGL, AMZN |
| Q1 2026 | 502 | $1.3B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q4 2025 | 493 | $1.3B | NVDA, MSFT, AAPL, GOOGL, AMZN |
| Q3 2025 | 477 | $1.2B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q2 2025 | 477 | $1.1B | MSFT, NVDA, AMZN, AAPL, AVGO |
| Q1 2025 | 486 | $1.1B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 496 | $1.1B | AAPL, NVDA, MSFT, AMZN, AVGO |
| Q3 2024 | 427 | $907.0M | MSFT, AAPL, NVDA, AMZN, META |
| Q2 2024 | 412 | $708.9M | MSFT, NVDA, AMZN, META, AAPL |
| Q1 2024Amended | 440 | $786.6M | MSFT, NVDA, AMZN, META, VRTX |