Hel Ved Capital Management Ltd

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Hel Ved Capital Management Ltd reported 49 stock positions worth $403.1 million. Its top holding was Coinbase Global Class A (COIN) at 12.8% of the portfolio, followed by Vertiv Class A (VRT, 9.4%) and Taiwan Semiconductor-SP ADR (TSM, 8.1%). Compared with Q4 2023, it opened 19 new positions, sold out of 22, added to 13 and reduced 16. The biggest buy was Vertiv Class A (VRT, shares +1302%) and the biggest sale Kanzhun Ltd. - ADR (BZ, shares −77%).

Most Recent 13F
Q2 2026
Location
CENTRAL, K3
CIK
0001840129
Portfolio Value
$403.1M (Q1 2024)
SEC Filing
0001840129-24-000003 ↗ filed May 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $403.1M $403.1M Q1 2024 Q2 2024: $288.2M Q2 2024 Q3 2024: $212.3M Q3 2024 Q4 2024: $326.3M Q4 2024 Q1 2025: $198.3M Q1 2025 Q2 2025: $222.3M Q2 2025 Q3 2025: $184.3M Q3 2025 Q4 2025: $289.3M Q4 2025 Q1 2026: $578.1M Q1 2026 Q2 2026: $709.7M Q2 2026

Holdings 49 stocks · $403.1M
COIN Coinbase Global Inc. Class A 12.81% 194,721 $51.6M Add +1.6%
VRT Vertiv Holdings Co. Class A 9.42% 465,027 $38.0M Add +1301.6%
TSM Taiwan Semiconductor-SP ADR 8.07% 239,051 $32.5M Reduce -24.8%
PDD PDD Holdings Inc. 6.29% 218,100 $25.4M Reduce -25.5%
STX Seagate Technology Holdings 4.02% 174,075 $16.2M Reduce -9.5%
AVGO Broadcom Inc. 3.97% 12,070 $16.0M New
EDU New Oriental Educatio-SP ADR 3.95% 183,269 $15.9M Add +78.2%
AMD Advanced Micro Devices 3.79% 84,547 $15.3M Add +188.8%
SNPS Synopsys Inc. 3.60% 25,420 $14.5M New
WDC Western Digital Corp. 3.40% 201,025 $13.7M New
TAL Tal Education Group- ADR 3.12% 1,106,800 $12.6M Add +135.0%
META Meta Platforms Inc. Class A 2.62% 21,715 $10.5M Reduce -24.7%
NVDA Nvidia Corp. 2.43% 10,850 $9.8M New
BZ Kanzhun Ltd. - ADR 2.02% 465,547 $8.2M Reduce -77.3%
SE Sea Ltd.-ADR 1.91% 143,690 $7.7M New
AMZN Amazon.com Inc. 1.78% 39,765 $7.2M Add +60.8%
MSFT Microsoft Corp. 1.77% 16,965 $7.1M Reduce -72.7%
NTES Netease Inc.-ADR 1.69% 65,700 $6.8M New
YMM Full Truck Alliance -SPN ADR 1.68% 933,000 $6.8M Reduce -42.4%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 1.63% 121,000 $6.6M New
ETN Eaton Corp. PLC 1.60% 20,660 $6.5M New
GOOGL Alphabet Inc. Class A 1.18% 31,550 $4.8M Reduce -22.1%
NVT Nvent Electric PLC 1.10% 59,010 $4.4M New
MOD Modine Manufacturing Co. 1.10% 46,590 $4.4M New
FIS Fidelity National Info Serv 1.08% 58,795 $4.4M Add +459.9%
GEV GE Vernova Inc. 1.07% 31,500 $4.3M New
TER Teradyne Inc. 1.01% 36,045 $4.1M New
POWL Powell Industries Inc. 0.98% 27,647 $3.9M New
TME Tencent Music Entertainm-ADR 0.96% 345,000 $3.9M Reduce -33.0%
MPWR Monolithic Power Systems Inc. 0.79% 4,725 $3.2M New
GPN Global Payments Inc. 0.74% 22,430 $3.0M Add +48.7%
U Unity Software Inc. 0.73% 110,955 $3.0M Add +8.5%
CFLT Confluent Inc. Class A 0.70% 92,837 $2.8M Add +50.8%
QCOM Qualcomm Inc. 0.63% 15,000 $2.5M New
DELL Dell Technologies -C 0.63% 22,125 $2.5M New
INFA Informatica Inc. Class A 0.62% 71,080 $2.5M New
DDOG Datadog Inc. Class A 0.52% 17,020 $2.1M Add +160.5%
CRM Salesforce Inc. 0.52% 6,935 $2.1M Reduce -50.3%
ESTC Elastic NV 0.50% 20,170 $2.0M Reduce -50.9%
PYPL PayPal Holdings Inc. 0.48% 28,600 $1.9M New
DT Dynatrace Inc. 0.47% 41,066 $1.9M Reduce -8.5%
HPE Hewlett Packard Enterprise 0.39% 89,700 $1.6M New
GTLB Gitlab Inc. Class A 0.39% 27,213 $1.6M Add +27.2%
MNDY Monday.com Ltd. 0.37% 6,635 $1.5M Reduce -55.0%
NOW ServiceNow Inc. 0.33% 1,738 $1.3M Reduce -49.6%
SMAR Smartsheet Inc. Class A 0.31% 32,152 $1.2M Reduce -44.1%
CAN Canaan Inc. 0.30% 804,600 $1.2M Add +12.3%
TWLO Twilio Inc. Class A 0.29% 19,400 $1.2M Reduce -28.2%
HSAI Hesai Group 0.21% 170,900 $865K No change

Options reported separately and not counted above: IGV calls ($682K), TAN calls ($181K).

Portfolio Sells Q4 2023 → Q1 2024
BZ Kanzhun Ltd. - ADR Reduce -77.3% 2.02% −8.06
PDD PDD Holdings Inc. Reduce -25.5% 6.29% −6.38
MSFT Microsoft Corp. Reduce -72.7% 1.77% −5.14
MARA Mara Holdings Inc. Sold out 0.00% −3.41
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −2.16
SLAB Silicon Laboratories Inc. Sold out 0.00% −2.08
KLIC Kulicke & Soffa Industries Sold out 0.00% −2.02
RIOT Riot Platforms Inc. Sold out 0.00% −1.91
SNOW Snowflake Inc. Sold out 0.00% −1.72
TSM Taiwan Semiconductor-SP ADR Reduce -24.8% 8.07% −1.72
YMM Full Truck Alliance -SPN ADR Reduce -42.4% 1.68% −1.68
CLS Celestica Inc. Sold out 0.00% −1.39
ESTC Elastic NV Reduce -50.9% 0.50% −0.87
STX Seagate Technology Holdings Reduce -9.5% 4.02% −0.84
FROG Jfrog Ltd. Sold out 0.00% −0.65
CRM Salesforce Inc. Reduce -50.3% 0.52% −0.57
AFRM Affirm Holdings Inc. Sold out 0.00% −0.56
PCTY Paylocity Holding Corp. Sold out 0.00% −0.56
SMAR Smartsheet Inc. Class A Reduce -44.1% 0.31% −0.51
GOOGL Alphabet Inc. Class A Reduce -22.1% 1.18% −0.49
MNDY Monday.com Ltd. Reduce -55.0% 0.37% −0.45
MDB Mongodb Inc. Sold out 0.00% −0.44
TME Tencent Music Entertainm-ADR Reduce -33.0% 0.96% −0.42
META Meta Platforms Inc. Class A Reduce -24.7% 2.62% −0.40
NOW ServiceNow Inc. Reduce -49.6% 0.33% −0.39
CIFR Cipher Digital Inc. Sold out 0.00% −0.39
TWLO Twilio Inc. Class A Reduce -28.2% 0.29% −0.31
TEAM Atlassian Corp. Class A Sold out 0.00% −0.31
HCP Hashicorp Inc. Class A Sold out 0.00% −0.28
DT Dynatrace Inc. Reduce -8.5% 0.47% −0.25
NET Cloudflare Inc. Class A Sold out 0.00% −0.25
BILL Bill Holdings Inc. Sold out 0.00% −0.20
WIX Wix.com Ltd. Sold out 0.00% −0.20
RUN Sunrun Inc. Sold out 0.00% −0.19
NOVAQ Sunnova Energy International Sold out 0.00% −0.19
SOFI Sofi Technologies Inc. Sold out 0.00% −0.18
EM Smart Share Global Ltd. - ADR Sold out 0.00% −0.17
FRSH Freshworks Inc. Class A Sold out 0.00% −0.14

Portfolio Buys Q4 2023 → Q1 2024
VRT Vertiv Holdings Co. Class A Add +1301.6% 9.42% +8.95
AVGO Broadcom Inc. New 3.97% +3.97
SNPS Synopsys Inc. New 3.60% +3.60
WDC Western Digital Corp. New 3.40% +3.40
COIN Coinbase Global Inc. Class A Add +1.6% 12.81% +2.94
AMD Advanced Micro Devices Add +188.8% 3.79% +2.51
NVDA Nvidia Corp. New 2.43% +2.43
SE Sea Ltd.-ADR New 1.91% +1.91
EDU New Oriental Educatio-SP ADR Add +78.2% 3.95% +1.72
NTES Netease Inc.-ADR New 1.69% +1.69
FUTU Futu Holdings Ltd.-ADR New 1.63% +1.63
ETN Eaton Corp. PLC New 1.60% +1.60
TAL Tal Education Group- ADR Add +135.0% 3.12% +1.36
NVT Nvent Electric PLC New 1.10% +1.10
MOD Modine Manufacturing Co. New 1.10% +1.10
GEV GE Vernova Inc. New 1.07% +1.07
TER Teradyne Inc. New 1.01% +1.01
POWL Powell Industries Inc. New 0.98% +0.98
FIS Fidelity National Info Serv Add +459.9% 1.08% +0.90
MPWR Monolithic Power Systems Inc. New 0.79% +0.79
AMZN Amazon.com Inc. Add +60.8% 1.78% +0.67
QCOM Qualcomm Inc. New 0.63% +0.63
DELL Dell Technologies -C New 0.63% +0.63
INFA Informatica Inc. Class A New 0.62% +0.62
PYPL PayPal Holdings Inc. New 0.48% +0.48
HPE Hewlett Packard Enterprise New 0.39% +0.39
DDOG Datadog Inc. Class A Add +160.5% 0.52% +0.29
CFLT Confluent Inc. Class A Add +50.8% 0.70% +0.28
GPN Global Payments Inc. Add +48.7% 0.74% +0.18
GTLB Gitlab Inc. Class A Add +27.2% 0.39% −0.01
CAN Canaan Inc. Add +12.3% 0.30% −0.19
U Unity Software Inc. Add +8.5% 0.73% −0.50

Options Activity Q4 2023 → Q1 2024
QQQ Invesco QQQ Trust Series 1 put Sold out 9,300 $3.8Mbefore exit
ORCL Oracle Corp. call Sold out 25,500 $2.7Mbefore exit
ARKK ARK Innovation ETF put Sold out 48,500 $2.5Mbefore exit
IGV iShares Expanded Tech-Softwa call New 8,000 $682K
TAN Invesco Solar ETF call New 4,000 $181K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 63$709.7MSNDK, GLW, SOXX, INTC, QCOM
Q1 2026 52$578.1MSMH, Q, SNDK, INTC, CIEN
Q4 2025 49$289.3MLITE, COHR, CIEN, TSLA, PRIM
Q3 2025 62$184.3MPONY, EDU, PSIX, KEYS, PRIM
Q2 2025 58$222.3MLITE, QQQ, EDU, AMD, LX
Q1 2025 61$198.3MTSM, LX, MU, EDU, LRCX
Q4 2024 76$326.3MFLEX, LITE, KEYS, PONY, EDU
Q3 2024 50$212.3MEDU, COIN, IWM, GEV, AMKR
Q2 2024 47$288.2MCOIN, GEV, EDU, DELL, SE
Q1 2024 49$403.1MCOIN, VRT, TSM, PDD, STX