Franchise Capital Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Franchise Capital Ltd reported 16 stock positions worth $537.7 million. Its top holding was Nvidia (NVDA) at 35.6% of the portfolio, followed by PDD (PDD, 19.5%) and Microsoft (MSFT, 6.9%). Compared with Q4 2023, it opened 5 new positions, sold out of 5, added to 5 and reduced 6. The biggest buy was Nvidia (NVDA, shares +29%) and the biggest sale Microsoft (MSFT, shares −20%).
- Most Recent 13F
- Q3 2025
- Location
- GRAND CAYMAN, E9
- CIK
- 0001859388
- Portfolio Value
- $537.7M (Q1 2024)
- SEC Filing
- 0001859388-24-000003 ↗ filed May 13, 2024
Holdings Value
Holdings 16 stocks · $537.7M
| NVDA Nvidia Corp. | 35.55% | 211,554 | $191.2M | Add +29.2% |
| PDD PDD Holdings Inc. | 19.51% | 902,426 | $104.9M | Add +17.9% |
| MSFT Microsoft Corp. | 6.93% | 88,525 | $37.2M | Reduce -20.3% |
| LI Li Auto Inc. - ADR | 6.15% | 1,091,230 | $33.0M | Add +11.9% |
| LKNCY Luckin Coffee Inc. - ADR | 5.60% | 1,232,852 | $30.1M | Reduce -3.8% |
| TSLA Tesla Inc. | 5.02% | 153,432 | $27.0M | Add +1673.8% |
| BITX 2X Bitcoin ETF | 3.40% | 343,147 | $18.3M | New |
| IBIT iShares Bitcoin Trust ETF | 3.36% | 445,840 | $18.0M | New |
| NVO Novo-Nordisk A/S-Spons ADR | 3.25% | 136,172 | $17.5M | Add +6.7% |
| TSM Taiwan Semiconductor-SP ADR | 3.22% | 127,259 | $17.3M | Reduce -40.3% |
| META Meta Platforms Inc. Class A | 3.22% | 35,631 | $17.3M | New |
| CELH Celsius Holdings Inc. | 2.60% | 168,267 | $14.0M | Reduce -60.1% |
| MU Micron Technology Inc. | 1.09% | 49,576 | $5.8M | New |
| DQ Daqo New Energy Corp.-ADR | 0.59% | 111,799 | $3.1M | Reduce -37.9% |
| PBR.A Petroleo Brasil-SP Pref ADR | 0.52% | 186,207 | $2.8M | Reduce -16.5% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.02% | 58 | $99K | New |
Portfolio Sells Q4 2023 → Q1 2024
| MSFT Microsoft Corp. | Reduce -20.3% | 6.93% | −3.53 |
| CELH Celsius Holdings Inc. | Reduce -60.1% | 2.60% | −3.16 |
| LKNCY Luckin Coffee Inc. - ADR | Reduce -3.8% | 5.60% | −3.15 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -40.3% | 3.22% | −2.33 |
| EDU New Oriental Educatio-SP ADR | Sold out | 0.00% | −1.84 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −1.22 |
| VIPS Vipshop Holdings Ltd. - ADR | Sold out | 0.00% | −1.17 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −1.08 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.81 |
| DQ Daqo New Energy Corp.-ADR | Reduce -37.9% | 0.59% | −0.61 |
| PBR.A Petroleo Brasil-SP Pref ADR | Reduce -16.5% | 0.52% | −0.34 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +29.2% | 35.55% | +15.25 |
| TSLA Tesla Inc. | Add +1673.8% | 5.02% | +4.48 |
| BITX 2X Bitcoin ETF | New | 3.40% | +3.40 |
| IBIT iShares Bitcoin Trust ETF | New | 3.36% | +3.36 |
| META Meta Platforms Inc. Class A | New | 3.22% | +3.22 |
| MU Micron Technology Inc. | New | 1.09% | +1.09 |
| MSTR Strategy Inc. | New | 0.02% | +0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +6.7% | 3.25% | −0.05 |
| LI Li Auto Inc. - ADR | Add +11.9% | 6.15% | −2.99 |
| PDD PDD Holdings Inc. | Add +17.9% | 19.51% | −8.52 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 30 | $229.8M | NVDA, PDD, TSM, META, LKNCY |
| Q2 2025 | 24 | $191.7M | NVDA, PDD, TSM, META, LKNCY |
| Q1 2025 | 20 | $167.9M | PDD, NVDA, META, LKNCY, TSM |
| Q4 2024 | 16 | $215.7M | NVDA, PDD, META, LKNCY, IBIT |
| Q3 2024 | 10 | $277.4M | PDD, NVDA, META, LKNCY, TSLA |
| Q2 2024 | 9 | $413.5M | NVDA, PDD, NVO, META, MSFT |
| Q1 2024 | 16 | $537.7M | NVDA, PDD, MSFT, LI, LKNCY |