CoreView Capital Management Ltd

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), CoreView Capital Management Ltd reported 7 stock positions worth $907.0 million. Its top holding was Kanzhun Ltd. - ADR (BZ) at 24.3% of the portfolio, followed by Jd.com Inc.-ADR (JD, 23.9%) and Trip.com Group Ltd.-ADR (TCOM, 16.0%). Compared with Q2 2025, it added to 2 and reduced 4. The biggest buy was Tal Education Group- ADR (TAL, shares +57%) and the biggest sale Jd.com Inc.-ADR (JD, shares −5%).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001842785
Portfolio Value
$907.0M (Q3 2025)
SEC Filing
0001842785-25-000011 ↗ filed Nov 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 Q2 2025 Q3 2025: $907.0M $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 · $907.0M
BZ Kanzhun Ltd. - ADR 24.33% 9,447,889 $220.7M Add +3.3%
JD Jd.com Inc.-ADR 23.90% 6,197,455 $216.8M Reduce -4.5%
TCOM Trip.com Group Ltd.-ADR 15.99% 1,928,590 $145.0M Reduce -6.7%
SE Sea Ltd.-ADR 14.51% 736,319 $131.6M Reduce -3.9%
TAL Tal Education Group- ADR 13.58% 10,997,165 $123.2M Add +56.9%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 6.97% 3,327,735 $63.2M Reduce -10.7%
MOMO Hello Group Inc. -SPN ADR 0.72% 875,154 $6.5M No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $2.5M (not counted above)
SecurityClassShares / PrincipalValueChange
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal 2,500,000$2.5MNo change

Total filed on the 13F, all lines: $909.5M.

Portfolio Sells Q2 2025 → Q3 2025
JD Jd.com Inc.-ADR Reduce -4.5% 23.90% −3.83
BEKE Ke Holdings Inc.-ADR Reduce -10.7% 6.97% −1.69
SE Sea Ltd.-ADR Reduce -3.9% 14.51% −1.53
TCOM Trip.com Group Ltd.-ADR Reduce -6.7% 15.99% +0.13

Portfolio Buys Q2 2025 → Q3 2025
TAL Tal Education Group- ADR Add +56.9% 13.58% +4.21
BZ Kanzhun Ltd. - ADR Add +3.3% 24.33% +2.97

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