Franchise Capital Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 23, 2025), Franchise Capital Ltd reported 24 stock positions worth $191.7 million. Its top holding was Nvidia (NVDA) at 30.1% of the portfolio, followed by PDD (PDD, 27.4%) and Taiwan Semiconductor-SP ADR (TSM, 14.1%). Compared with Q1 2025, it opened 5 new positions, sold out of 1, added to 7 and reduced 4. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +27%) and the biggest sale PDD (PDD, shares −2%).
- Most Recent 13F
- Q3 2025
- Location
- GRAND CAYMAN, E9
- CIK
- 0001859388
- Portfolio Value
- $191.7M (Q2 2025)
- SEC Filing
- 0001859388-25-000007 ↗ filed Jul 23, 2025
Holdings Value
Holdings 24 stocks · $191.7M
| NVDA Nvidia Corp. | 30.08% | 365,060 | $57.7M | Reduce -29.7% |
| PDD PDD Holdings Inc. | 27.40% | 502,050 | $52.5M | Reduce -2.5% |
| TSM Taiwan Semiconductor-SP ADR | 14.12% | 119,580 | $27.1M | Add +26.7% |
| META Meta Platforms Inc. Class A | 12.57% | 32,650 | $24.1M | Reduce -24.9% |
| LKNCY Luckin Coffee Inc. - ADR | 8.19% | 421,321 | $15.7M | No change |
| CHA Chagee Holdings Ltd.-ADR | 2.14% | 157,457 | $4.1M | New |
| TSLA Tesla Inc. | 2.12% | 12,815 | $4.1M | No change |
| CRCL Circle Internet Group Inc. | 0.95% | 10,000 | $1.8M | New |
| RBLX Roblox Corp. Class A | 0.83% | 15,200 | $1.6M | New |
| YB Yuanbao Inc. -ADR | 0.73% | 66,666 | $1.4M | New |
| VTR Ventas Inc. | 0.10% | 3,172 | $200K | Add +574.9% |
| DLR Digital Realty Trust Inc. | 0.10% | 1,088 | $190K | No change |
| HST Host Hotels & Resorts Inc. | 0.09% | 11,395 | $175K | Add +48.1% |
| EQIX Equinix Inc. | 0.09% | 217 | $173K | Add +52.8% |
| AHR American Healthcare REIT Inc. | 0.08% | 4,375 | $161K | Add +76.8% |
| IBIT iShares Bitcoin Trust ETF | 0.08% | 2,603 | $159K | Reduce -50.0% |
| PHM Pultegroup Inc. | 0.07% | 1,300 | $137K | New |
| WELL Welltower Inc. | 0.06% | 769 | $118K | Add +267.9% |
| DHI D.R. Horton Inc. | 0.04% | 626 | $81K | Add +15.7% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.04% | 2,296 | $75K | No change |
| NVR NVR Inc. | 0.03% | 7 | $52K | No change |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.02% | 455 | $47K | No change |
| EPRT Essential Properties Realty | 0.02% | 1,287 | $41K | No change |
| LEN Lennar Corp. Class A | 0.02% | 327 | $36K | No change |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
| TSM Taiwan Semiconductor-SP ADR | Add +26.7% | 14.12% | +11.14 |
| CHA Chagee Holdings Ltd.-ADR | New | 2.14% | +2.14 |
| CRCL Circle Internet Group Inc. | New | 0.95% | +0.95 |
| RBLX Roblox Corp. Class A | New | 0.83% | +0.83 |
| YB Yuanbao Inc. -ADR | New | 0.73% | +0.73 |
| VTR Ventas Inc. | Add +574.9% | 0.10% | +0.09 |
| PHM Pultegroup Inc. | New | 0.07% | +0.07 |
| WELL Welltower Inc. | Add +267.9% | 0.06% | +0.04 |
| AHR American Healthcare REIT Inc. | Add +76.8% | 0.08% | +0.04 |
| HST Host Hotels & Resorts Inc. | Add +48.1% | 0.09% | +0.03 |
| EQIX Equinix Inc. | Add +52.8% | 0.09% | +0.02 |
| DHI D.R. Horton Inc. | Add +15.7% | 0.04% | +0.00 |
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 |