China Universal Asset Management Co., Ltd.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), China Universal Asset Management Co., Ltd. reported 493 stock positions worth $1.3 billion. Its top holding was Nvidia (NVDA) at 6.6% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Apple (AAPL, 5.1%). Compared with Q3 2025, it opened 63 new positions, sold out of 46, added to 193 and reduced 214. The biggest buy was Proshares Ultra Gold (UGL, shares +397%) and the biggest sale Broadcom (AVGO, shares −22%).
- Most Recent 13F
- Q2 2026
- Location
- SHANGHAI, F4
- CIK
- 0001906594
- Portfolio Value
- $1.3B (Q4 2025)
- SEC Filing
- 0001906594-26-000001 ↗ filed Jan 29, 2026
Holdings Value
Holdings 493 stocks · $1.3B
| NVDA Nvidia Corp. | 6.56% | 458,438 | $85.5M | Reduce -0.8% |
| MSFT Microsoft Corp. | 5.36% | 144,458 | $69.9M | Reduce -1.1% |
| AAPL Apple Inc. | 5.07% | 242,967 | $66.1M | Reduce -3.4% |
| GOOGL Alphabet Inc. Class A | 4.18% | 173,954 | $54.4M | Add +14.4% |
| AMZN Amazon.com Inc. | 3.79% | 214,076 | $49.4M | Reduce -12.2% |
| AVGO Broadcom Inc. | 3.06% | 115,185 | $39.9M | Reduce -21.8% |
| META Meta Platforms Inc. Class A | 2.78% | 54,759 | $36.1M | Add +12.1% |
| TSLA Tesla Inc. | 1.88% | 54,514 | $24.5M | Add +12.4% |
| AMGN Amgen Inc. | 1.80% | 71,534 | $23.4M | Add +10.7% |
| GOOG Alphabet Inc. Class C | 1.78% | 73,966 | $23.2M | Add +4.5% |
| VRTX Vertex Pharmaceuticals Inc. | 1.67% | 48,047 | $21.8M | Add +6.5% |
| GILD Gilead Sciences Inc. | 1.66% | 175,928 | $21.6M | Add +9.2% |
| UGL Proshares Ultra Gold | 1.65% | 386,800 | $21.5M | Add +397.2% |
| NFLX Netflix Inc. | 1.44% | 199,990 | $18.8M | Add +0.5% |
| GLDM SPDR Gold Minishares Trust | 1.35% | 206,200 | $17.6M | Add +9.0% |
| IAUM iShares Gold Trust Micro | 1.29% | 389,500 | $16.7M | Add +1.8% |
| MU Micron Technology Inc. | 1.26% | 57,278 | $16.4M | Add +44.9% |
| PLTR Palantir Technologies Inc. Class A | 1.23% | 90,077 | $16.0M | Add +6.3% |
| REGN Regeneron Pharmaceuticals | 1.17% | 19,753 | $15.2M | Reduce -7.5% |
| AMD Advanced Micro Devices | 1.16% | 70,402 | $15.1M | Add +13.0% |
| GLD SPDR Gold Shares | 0.99% | 32,700 | $13.0M | Add +18.2% |
| BAR Graniteshares Gold Trust | 0.99% | 303,000 | $12.9M | No change |
| COST Costco Wholesale Corp. | 0.99% | 14,919 | $12.9M | Reduce -5.7% |
| APP AppLovin Corp. Class A | 0.97% | 18,805 | $12.7M | Reduce -8.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.96% | 135,636 | $12.5M | Add +1.5% |
| V Visa Inc. Class A | 0.86% | 31,929 | $11.2M | Add +2.5% |
| AAAU Goldman Sachs Physical Gold | 0.77% | 237,000 | $10.1M | Add +2.2% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.77% | 25,267 | $10.0M | Add +10.9% |
| KLAC KLA Corp. | 0.77% | 8,248 | $10.0M | Add +1.6% |
| CSCO Cisco Systems Inc. | 0.72% | 122,118 | $9.4M | Add +6.5% |
| LRCX Lam Research Corp. | 0.72% | 54,487 | $9.3M | Add +9.2% |
| INTU Intuit Inc. | 0.70% | 13,702 | $9.1M | Add +7.3% |
| SHOP Shopify Inc. Class A | 0.70% | 56,298 | $9.1M | Add +8.4% |
| SGOL Abrdn Physical Gold Shares | 0.64% | 203,500 | $8.4M | Add +39.4% |
| ADI Analog Devices Inc. | 0.63% | 30,207 | $8.2M | Add +1.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.63% | 26,893 | $8.2M | Add +4.3% |
| BKNG Booking Holdings Inc. | 0.63% | 1,522 | $8.2M | Add +12.2% |
| INSM Insmed Inc. | 0.57% | 42,388 | $7.4M | Add +14.4% |
| SNPS Synopsys Inc. | 0.53% | 14,810 | $7.0M | Add +31.8% |
| ISRG Intuitive Surgical Inc. | 0.53% | 12,217 | $6.9M | Add +6.6% |
| PANW Palo Alto Networks Inc. | 0.53% | 37,524 | $6.9M | Add +2.9% |
| LLY Eli Lilly & Co. | 0.50% | 6,098 | $6.6M | Add +7.8% |
| TMUS T-Mobile US Inc. | 0.49% | 31,652 | $6.4M | Add +6.5% |
| INTC Intel Corp. | 0.49% | 172,985 | $6.4M | Add +12.7% |
| APH Amphenol Corp. Class A | 0.49% | 47,000 | $6.4M | Reduce -2.1% |
| IAU iShares Gold Trust | 0.48% | 77,000 | $6.3M | Add +67.4% |
| LIN Linde PLC | 0.47% | 14,437 | $6.2M | Add +6.3% |
| PEP Pepsico Inc. | 0.47% | 42,259 | $6.1M | Add +6.6% |
| AMAT Applied Materials Inc. | 0.44% | 22,544 | $5.8M | Add +7.2% |
| QCOM Qualcomm Inc. | 0.42% | 32,308 | $5.5M | Add +6.0% |
| MA Mastercard Inc. Class A | 0.40% | 9,092 | $5.2M | Add +0.4% |
| NVS Novartis AG-Sponsored ADR | 0.38% | 36,000 | $5.0M | Add +80.0% |
| DASH DoorDash Inc. Class A | 0.37% | 21,249 | $4.8M | Add +4.3% |
| HD Home Depot Inc. | 0.37% | 13,881 | $4.8M | Add +21.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.36% | 9,902 | $4.6M | Add +12.2% |
| JNJ Johnson & Johnson | 0.35% | 22,279 | $4.6M | Add +19.5% |
| MELI MercadoLibre Inc. | 0.35% | 2,275 | $4.6M | Add +4.5% |
| PDD PDD Holdings Inc. | 0.35% | 40,052 | $4.5M | Add +41.2% |
| TXN Texas Instruments Inc. | 0.34% | 25,713 | $4.5M | Add +7.1% |
| BIIB Biogen Inc. | 0.32% | 23,905 | $4.2M | Reduce -19.2% |
| LITE Lumentum Holdings Inc. | 0.32% | 11,399 | $4.2M | Add +34.1% |
| ADBE Adobe Inc. | 0.32% | 11,846 | $4.1M | Reduce -12.9% |
| ARGX Argenx SE - ADR | 0.31% | 4,744 | $4.0M | Reduce -11.6% |
| UTHR United Therapeutics Corp. | 0.28% | 7,516 | $3.7M | Reduce -24.3% |
| NTES Netease Inc.-ADR | 0.28% | 26,100 | $3.6M | No change |
| CLS Celestica Inc. | 0.27% | 12,110 | $3.6M | Reduce -2.3% |
| BTI British American Tob-SP ADR | 0.27% | 61,857 | $3.5M | Reduce -42.2% |
| HON Honeywell International Inc. | 0.27% | 17,966 | $3.5M | Add +7.2% |
| CDNS Cadence Design SYS Inc. | 0.27% | 11,103 | $3.5M | Add +4.8% |
| TCOM Trip.com Group Ltd.-ADR | 0.26% | 47,685 | $3.4M | Add +38.2% |
| IONS Ionis Pharmaceuticals Inc. | 0.26% | 42,394 | $3.4M | Add +51.7% |
| BABA Alibaba Group Holding-SP ADR | 0.25% | 22,282 | $3.3M | Reduce -27.9% |
| INCY Incyte Corp. | 0.25% | 32,991 | $3.3M | Reduce -3.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.25% | 2,984 | $3.2M | Add +17.6% |
| RACE Ferrari NV | 0.24% | 8,487 | $3.1M | Add +716.8% |
| CEG Constellation Energy | 0.24% | 8,837 | $3.1M | Add +7.2% |
| RPRX Royalty Pharma PLC Class A | 0.24% | 79,620 | $3.1M | Add +5.1% |
| CMCSA Comcast Corp. Class A | 0.24% | 102,850 | $3.1M | Add +5.8% |
| ADSK Autodesk Inc. | 0.23% | 10,199 | $3.0M | Add +3.5% |
| UBER Uber Technologies Inc. | 0.23% | 36,365 | $3.0M | Reduce -2.4% |
| ADP Automatic Data Processing | 0.23% | 11,445 | $3.0M | Add +7.0% |
| ROIV Roivant Sciences Ltd. | 0.22% | 129,330 | $2.8M | Add +8.1% |
| SBUX Starbucks Corp. | 0.21% | 32,274 | $2.7M | Add +7.2% |
| RVMD Revolution Medicines Inc. | 0.21% | 34,001 | $2.7M | Reduce -20.5% |
| SE Sea Ltd.-ADR | 0.21% | 21,100 | $2.7M | Reduce -13.5% |
| SNY Sanofi-ADR | 0.21% | 55,120 | $2.7M | Reduce -19.7% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.20% | 15,740 | $2.6M | Reduce -20.4% |
| MEDP Medpace Holdings Inc. | 0.20% | 4,590 | $2.6M | Reduce -6.8% |
| NKE Nike Inc. Class B | 0.19% | 39,203 | $2.5M | Add +2.2% |
| NOW ServiceNow Inc. | 0.19% | 16,300 | $2.5M | Reduce -16.1% |
| SAP Sap SE-Sponsored ADR | 0.19% | 10,000 | $2.4M | Add +16.3% |
| BBIO Bridgebio Pharma Inc. | 0.18% | 31,402 | $2.4M | Reduce -6.3% |
| WDAY Workday Inc. Class A | 0.18% | 11,178 | $2.4M | Add +12.0% |
| MAR Marriott International Class A | 0.18% | 7,594 | $2.4M | Add +6.0% |
| VTRS Viatris Inc. | 0.18% | 187,680 | $2.3M | Reduce -8.2% |
| TMO Thermo Fisher Scientific Inc. | 0.18% | 3,985 | $2.3M | Add +0.6% |
| JPM JPMorgan Chase & Co. | 0.18% | 7,169 | $2.3M | Add +1.1% |
| NBIX Neurocrine Biosciences Inc. | 0.18% | 16,247 | $2.3M | Reduce -6.5% |
| WDC Western Digital Corp. | 0.17% | 13,175 | $2.3M | New |
| COHR Coherent Corp. | 0.17% | 12,284 | $2.3M | Add +5.9% |
Lines left out (4) · $4K — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| GSK GSK PLC-Spon ADR | SPONSORED ADR | 0 | $4K |
| QQQ Invesco QQQ Trust Series 1 | UNIT SER 1 | 0 | $30 |
| SPY SS SPDR S&P 500 ETF Trust-US | TR UNIT | 0 | $2 |
| DIA SS SPDR Dow Jones Indus Avg | UT SER 1 | 0 | $1 |
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: $1.3B.
Portfolio Sells Q3 2025 → Q4 2025
| AVGO Broadcom Inc. | Reduce -21.8% | 3.06% | −0.96 |
| MSFT Microsoft Corp. | Reduce -1.1% | 5.36% | −0.89 |
| AMZN Amazon.com Inc. | Reduce -12.2% | 3.79% | −0.63 |
| NVDA Nvidia Corp. | Reduce -0.8% | 6.56% | −0.56 |
| SLV iShares Silver Trust | Reduce -87.1% | 0.11% | −0.51 |
| ORCL Oracle Corp. | Reduce -55.3% | 0.14% | −0.35 |
| APP AppLovin Corp. Class A | Reduce -8.8% | 0.97% | −0.25 |
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −0.22 |
| COST Costco Wholesale Corp. | Reduce -5.7% | 0.99% | −0.22 |
| AAPL Apple Inc. | Reduce -3.4% | 5.07% | −0.22 |
| BABA Alibaba Group Holding-SP ADR | Reduce -27.9% | 0.25% | −0.21 |
| BTI British American Tob-SP ADR | Reduce -42.2% | 0.27% | −0.20 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.19 |
| BSX Boston Scientific Corp. | Reduce -68.8% | 0.07% | −0.18 |
| SE Sea Ltd.-ADR | Reduce -13.5% | 0.21% | −0.15 |
| YMM Full Truck Alliance -SPN ADR | Reduce -30.0% | 0.15% | −0.13 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.13 |
| MRK Merck & Co. Inc. | Reduce -63.3% | 0.09% | −0.13 |
| ALAB Astera Labs Inc. | Reduce -58.8% | 0.05% | −0.11 |
| NOW ServiceNow Inc. | Reduce -16.1% | 0.19% | −0.10 |
| MRUS Merus NV | Sold out | 0.00% | −0.10 |
| FTNT Fortinet Inc. | Reduce -32.6% | 0.13% | −0.09 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -20.4% | 0.20% | −0.09 |
| ABBV Abbvie Inc. | Reduce -34.8% | 0.12% | −0.08 |
| THC Tenet Healthcare Corp. | Reduce -33.3% | 0.12% | −0.08 |
| ADBE Adobe Inc. | Reduce -12.9% | 0.32% | −0.08 |
| UBER Uber Technologies Inc. | Reduce -2.4% | 0.23% | −0.07 |
| AS Amer Sports Inc. | Reduce -68.2% | 0.03% | −0.07 |
| TEM Tempus AI Inc. Class A | Reduce -4.7% | 0.13% | −0.07 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.07 |
| TME Tencent Music Entertainm-ADR | Reduce -6.0% | 0.12% | −0.07 |
| DUOL Duolingo | Sold out | 0.00% | −0.06 |
| UTHR United Therapeutics Corp. | Reduce -24.3% | 0.28% | −0.06 |
| SNY Sanofi-ADR | Reduce -19.7% | 0.21% | −0.06 |
| SMMT Summit Therapeutics Inc. | Reduce -6.8% | 0.16% | −0.06 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.06 |
| AKRO Akero Therapeutics Inc. | Sold out | 0.00% | −0.06 |
| RERE Atrenew Inc. | Reduce -31.1% | 0.15% | −0.05 |
| LI Li Auto Inc. - ADR | Reduce -66.7% | 0.01% | −0.05 |
| CVS CVS Health Corp. | Reduce -31.3% | 0.10% | −0.05 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.05 |
| ONC Beone Medicines Ltd.-ADR | Reduce -12.9% | 0.12% | −0.05 |
| CDW CDW Corp. | Sold out | 0.00% | −0.05 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.04 |
| ON On Semiconductor | Reduce -81.2% | 0.01% | −0.04 |
| GFS Globalfoundries Inc. | Sold out | 0.00% | −0.04 |
| T AT&T Inc. | Sold out | 0.00% | −0.04 |
| NTLA Intellia Therapeutics Inc. | Reduce -51.4% | 0.01% | −0.04 |
| MCD McDonald's Corp. | Reduce -44.3% | 0.04% | −0.04 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| UGL Proshares Ultra Gold | Add +397.2% | 1.65% | +1.35 |
| GOOGL Alphabet Inc. Class A | Add +14.4% | 4.18% | +1.13 |
| MU Micron Technology Inc. | Add +44.9% | 1.26% | +0.71 |
| GOOG Alphabet Inc. Class C | Add +4.5% | 1.78% | +0.36 |
| AMD Advanced Micro Devices | Add +13.0% | 1.16% | +0.33 |
| AMGN Amgen Inc. | Add +10.7% | 1.80% | +0.29 |
| VRTX Vertex Pharmaceuticals Inc. | Add +6.5% | 1.67% | +0.21 |
| LITE Lumentum Holdings Inc. | Add +34.1% | 0.32% | +0.21 |
| IAU iShares Gold Trust | Add +67.4% | 0.48% | +0.20 |
| RACE Ferrari NV | Add +716.8% | 0.24% | +0.20 |
| SGOL Abrdn Physical Gold Shares | Add +39.4% | 0.64% | +0.20 |
| GLD SPDR Gold Shares | Add +18.2% | 0.99% | +0.18 |
| GILD Gilead Sciences Inc. | Add +9.2% | 1.66% | +0.18 |
| WDC Western Digital Corp. | New | 0.17% | +0.17 |
| NVS Novartis AG-Sponsored ADR | Add +80.0% | 0.38% | +0.17 |
| LRCX Lam Research Corp. | Add +9.2% | 0.72% | +0.16 |
| GLDM SPDR Gold Minishares Trust | Add +9.0% | 1.35% | +0.16 |
| LLY Eli Lilly & Co. | Add +7.8% | 0.50% | +0.15 |
| STX Seagate Technology Holdings | New | 0.13% | +0.13 |
| INSM Insmed Inc. | Add +14.4% | 0.57% | +0.13 |
| ABVX Abivax SA-ADR | New | 0.12% | +0.12 |
| AZN Astrazeneca PLC-Spons ADR | Add +1.5% | 0.96% | +0.11 |
| ISRG Intuitive Surgical Inc. | Add +6.6% | 0.53% | +0.11 |
| IONS Ionis Pharmaceuticals Inc. | Add +51.7% | 0.26% | +0.11 |
| FER Ferrovial NV | New | 0.10% | +0.10 |
| TSLA Tesla Inc. | Add +12.4% | 1.88% | +0.10 |
| CAI Caris Life Sciences Inc. | New | 0.10% | +0.10 |
| MPWR Monolithic Power Systems Inc. | New | 0.09% | +0.09 |
| PRAX Praxis Precision Medicines I | Add +32.1% | 0.11% | +0.09 |
| AMAT Applied Materials Inc. | Add +7.2% | 0.44% | +0.09 |
| VRT Vertiv Holdings Co. Class A | New | 0.08% | +0.08 |
| TER Teradyne Inc. | New | 0.08% | +0.08 |
| TAK Takeda Pharmaceutic-SP ADR | New | 0.08% | +0.08 |
| SNPS Synopsys Inc. | Add +31.8% | 0.53% | +0.08 |
| CSCO Cisco Systems Inc. | Add +6.5% | 0.72% | +0.07 |
| COHR Coherent Corp. | Add +5.9% | 0.17% | +0.07 |
| IAUM iShares Gold Trust Micro | Add +1.8% | 1.29% | +0.07 |
| TAL Tal Education Group- ADR | New | 0.07% | +0.07 |
| JNJ Johnson & Johnson | Add +19.5% | 0.35% | +0.07 |
| SNDK Sandisk Corp. | New | 0.07% | +0.07 |
| ROIV Roivant Sciences Ltd. | Add +8.1% | 0.22% | +0.07 |
| INTC Intel Corp. | Add +12.7% | 0.49% | +0.06 |
| DDOG Datadog Inc. Class A | Add +79.4% | 0.16% | +0.06 |
| SHOP Shopify Inc. Class A | Add +8.4% | 0.70% | +0.06 |
| BZ Kanzhun Ltd. - ADR | Add +229.5% | 0.09% | +0.06 |
| RNAM Avidity Biosciences Inc. | Add +8.9% | 0.14% | +0.05 |
| CI The Cigna Group | New | 0.05% | +0.05 |
| WBD Warner Bros Discovery Inc. | Add +7.3% | 0.16% | +0.05 |
| TCOM Trip.com Group Ltd.-ADR | Add +38.2% | 0.26% | +0.05 |
| KLAC KLA Corp. | Add +1.6% | 0.77% | +0.05 |
Notes & Other Activity Q3 2025 → Q4 2025
| GSK GSK PLC-Spon ADR | SPONSORED ADR | Reduce -100.0% | 0 | $4K |
| QQQ Invesco QQQ Trust Series 1 | UNIT SER 1 | New | 0 | $30 |
| DIA SS SPDR Dow Jones Indus Avg | UT SER 1 | New | 0 | $1 |
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 |