CoreView Capital Management Ltd

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), CoreView Capital Management Ltd reported 7 stock positions worth $793.1 million. Its top holding was Kanzhun Ltd. - ADR (BZ) at 24.3% of the portfolio, followed by Jd.com Inc.-ADR (JD, 22.4%) and Trip.com Group Ltd.-ADR (TCOM, 17.5%). Compared with Q3 2025, it added to 2 and reduced 1. The biggest buy was Kanzhun Ltd. - ADR (BZ, shares +0%) and the biggest sale Ke Holdings Inc.-ADR (BEKE, shares −6%).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001842785
Portfolio Value
$793.1M (Q4 2025)
SEC Filing
0001842785-26-000002 ↗ filed Feb 17, 2026

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 Q3 2025 Q4 2025: $793.1M $793.1M Q4 2025 Q1 2026: $472.8M Q1 2026 Q2 2026: $547.1M Q2 2026

Holdings 7 stocks · $793.1M
BZ Kanzhun Ltd. - ADR 24.28% 9,448,763 $192.6M Add +0.0%
JD Jd.com Inc.-ADR 22.43% 6,197,455 $177.9M No change
TCOM Trip.com Group Ltd.-ADR 17.49% 1,928,590 $138.7M No change
TAL Tal Education Group- ADR 15.13% 10,997,165 $120.0M No change
SE Sea Ltd.-ADR 13.76% 855,519 $109.1M Add +16.2%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 6.20% 3,120,377 $49.2M Reduce -6.2%
MOMO Hello Group Inc. -SPN ADR 0.72% 875,154 $5.7M No change

Portfolio Sells Q3 2025 → Q4 2025
BEKE Ke Holdings Inc.-ADR Reduce -6.2% 6.20% −0.77

Portfolio Buys Q3 2025 → Q4 2025
BZ Kanzhun Ltd. - ADR Add +0.0% 24.28% −0.05
SE Sea Ltd.-ADR Add +16.2% 13.76% −0.75

Notes & Other Activity Q3 2025 → Q4 2025
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal Sold out 2,500,000 $2.5Mbefore exit

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

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