CoreView Capital Management Ltd

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), CoreView Capital Management Ltd reported 7 stock positions worth $764.0 million. Its top holding was Jd.com Inc.-ADR (JD) at 27.7% of the portfolio, followed by Kanzhun Ltd. - ADR (BZ, 21.4%) and Sea Ltd.-ADR (SE, 16.0%). Compared with Q1 2025, it sold out of 3, added to 4 and reduced 2. The biggest buy was Kanzhun Ltd. - ADR (BZ, shares +27%) and the biggest sale Trip.com Group Ltd.-ADR (TCOM, shares −45%).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001842785
Portfolio Value
$764.0M (Q2 2025)
SEC Filing
0001842785-25-000010 ↗ filed Aug 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $712.9M Q1 2024 Q2 2024: $634.5M Q2 2024 Q3 2024: $831.8M Q3 2024 Q4 2024: $957.3M Q4 2024 Q1 2025: $1.0B Q1 2025 Q2 2025: $764.0M $764.0M Q2 2025 Q3 2025: $907.0M Q3 2025 Q4 2025: $793.1M Q4 2025 Q1 2026: $472.8M Q1 2026 Q2 2026: $547.1M Q2 2026

Holdings 7 stocks · $764.0M
JD Jd.com Inc.-ADR 27.74% 6,491,682 $211.9M Add +2.5%
BZ Kanzhun Ltd. - ADR 21.37% 9,149,305 $163.2M Add +27.4%
SE Sea Ltd.-ADR 16.04% 766,319 $122.6M Reduce -56.2%
TCOM Trip.com Group Ltd.-ADR 15.86% 2,065,890 $121.1M Reduce -44.9%
TAL Tal Education Group- ADR 9.37% 7,007,165 $71.6M Add +249.1%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 8.66% 3,727,735 $66.1M Add +1.4%
MOMO Hello Group Inc. -SPN ADR 0.97% 875,154 $7.4M No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $2.4M (not counted above)
SecurityClassShares / PrincipalValueChange
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal 2,500,000$2.4MNo change

Total filed on the 13F, all lines: $766.4M.

Portfolio Sells Q1 2025 → Q2 2025
TCOM Trip.com Group Ltd.-ADR Reduce -44.9% 15.86% −7.92
SE Sea Ltd.-ADR Reduce -56.2% 16.04% −6.73
KWEB Kranesh Csi China Internet Sold out 0.00% −1.59
LI Li Auto Inc. - ADR Sold out 0.00% −1.32
PDD PDD Holdings Inc. Sold out 0.00% −0.28

Portfolio Buys Q1 2025 → Q2 2025
BZ Kanzhun Ltd. - ADR Add +27.4% 21.37% +7.64
TAL Tal Education Group- ADR Add +249.1% 9.37% +6.73
JD Jd.com Inc.-ADR Add +2.5% 27.74% +1.76
BEKE Ke Holdings Inc.-ADR Add +1.4% 8.66% +1.29

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 8$547.1MBZ, JD, TAL, BIDU, BEKE
Q1 2026 5$472.8MJD, BZ, TAL, BEKE, MOMO
Q4 2025 7$793.1MBZ, JD, TCOM, TAL, SE
Q3 2025 7$907.0MBZ, JD, TCOM, SE, TAL
Q2 2025 7$764.0MJD, BZ, SE, TCOM, TAL
Q1 2025 10$1.0BJD, TCOM, SE, BZ, BEKE
Q4 2024 8$957.3MTCOM, SE, JD, BIDU, BEKE
Q3 2024 7$831.8MTCOM, SE, BIDU, BEKE, JD
Q2 2024 8$634.5MPDD, TCOM, BIDU, BEKE, SE
Q1 2024 8$712.9MPDD, TCOM, BEKE, BIDU, JD