Hel Ved Capital Management Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Hel Ved Capital Management Ltd reported 76 stock positions worth $326.3 million. Its top holding was Flex (FLEX) at 7.1% of the portfolio, followed by Lumentum (LITE, 5.8%) and Keysight Technologies (KEYS, 5.8%). Compared with Q3 2024, it opened 43 new positions, sold out of 17, added to 16 and reduced 16. The biggest buy was a new position in Flex (FLEX) and the biggest sale Coinbase Global Class A (COIN, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- CENTRAL, K3
- CIK
- 0001840129
- Portfolio Value
- $326.3M (Q4 2024)
- SEC Filing
- 0001840129-25-000002 ↗ filed Feb 13, 2025
Holdings Value
Holdings 76 stocks · $326.3M
| FLEX Flex Ltd. | 7.12% | 604,960 | $23.2M | New |
| LITE Lumentum Holdings Inc. | 5.83% | 226,640 | $19.0M | New |
| KEYS Keysight Technologies Inc. | 5.76% | 116,950 | $18.8M | New |
| PONY Pony AI Inc. | 4.42% | 1,005,000 | $14.4M | New |
| EDU New Oriental Educatio-SP ADR | 4.09% | 208,200 | $13.4M | Reduce -33.2% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 3.80% | 155,000 | $12.4M | New |
| ROK Rockwell Automation Inc. | 3.21% | 36,600 | $10.5M | New |
| BILL Bill Holdings Inc. | 2.46% | 94,900 | $8.0M | New |
| NOK Nokia Corp.-Spon ADR | 2.45% | 1,806,000 | $8.0M | New |
| WIX Wix.com Ltd. | 2.32% | 35,270 | $7.6M | Add +119.5% |
| AMKR Amkor Technology Inc. | 2.24% | 284,545 | $7.3M | Reduce -16.8% |
| MNDY Monday.com Ltd. | 2.21% | 30,585 | $7.2M | New |
| XYZ Block Inc. | 2.03% | 77,900 | $6.6M | New |
| ASX Ase Technology Holding -ADR | 2.01% | 651,850 | $6.6M | Reduce -33.1% |
| LX Lexinfintech Holdings L-ADR | 2.01% | 1,130,000 | $6.6M | New |
| GTM Zoominfo Technologies Inc. | 1.84% | 569,800 | $6.0M | Add +1219.0% |
| JD Jd.com Inc.-ADR | 1.75% | 164,500 | $5.7M | New |
| BTDR Bitdeer Technologies Group-A | 1.74% | 262,580 | $5.7M | Reduce -46.7% |
| COIN Coinbase Global Inc. Class A | 1.52% | 19,972 | $5.0M | Reduce -84.2% |
| BE Bloom Energy Corp. Class A | 1.45% | 212,930 | $4.7M | Reduce -49.8% |
| RIOT Riot Platforms Inc. | 1.35% | 431,350 | $4.4M | New |
| CIFR Cipher Digital Inc. | 1.31% | 920,035 | $4.3M | Add +193.9% |
| TSLA Tesla Inc. | 1.28% | 10,304 | $4.2M | Reduce -65.0% |
| CIEN Ciena Corp. | 1.25% | 48,100 | $4.1M | New |
| CLSK Cleanspark Inc. | 1.22% | 430,950 | $4.0M | New |
| HUT Hut 8 Corp. | 1.21% | 192,910 | $4.0M | Reduce -5.5% |
| IREN Iren Ltd. filed as IREN LIMITED | 1.19% | 395,800 | $3.9M | Add +196.2% |
| MARA Mara Holdings Inc. | 1.14% | 222,050 | $3.7M | New |
| ESTC Elastic NV | 1.13% | 37,160 | $3.7M | Add +233.6% |
| DDOG Datadog Inc. Class A | 1.12% | 25,575 | $3.7M | Add +244.4% |
| GTLB Gitlab Inc. Class A | 1.09% | 62,980 | $3.5M | Add +293.9% |
| HUBS HubSpot Inc. | 1.03% | 4,835 | $3.4M | Add +172.4% |
| CFLT Confluent Inc. Class A | 1.03% | 119,802 | $3.3M | Add +314.8% |
| SOFI Sofi Technologies Inc. | 1.03% | 217,400 | $3.3M | New |
| MXL Maxlinear Inc. | 1.02% | 167,700 | $3.3M | New |
| UPST Upstart Holdings Inc. | 0.98% | 51,940 | $3.2M | New |
| AFRM Affirm Holdings Inc. | 0.92% | 49,545 | $3.0M | Add +147.7% |
| BL Blackline Inc. | 0.84% | 45,030 | $2.7M | New |
| CRM Salesforce Inc. | 0.82% | 8,050 | $2.7M | Add +25.9% |
| PYPL PayPal Holdings Inc. | 0.81% | 31,050 | $2.7M | Reduce -25.7% |
| ZM Zoom Communications Inc. | 0.78% | 31,265 | $2.6M | New |
| CLS Celestica Inc. | 0.78% | 27,500 | $2.5M | New |
| AOSL Alpha & Omega Semiconductor | 0.77% | 68,135 | $2.5M | New |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.76% | 8,615 | $2.5M | New |
| FISV Fiserv Inc. | 0.74% | 11,750 | $2.4M | Reduce -17.5% |
| PYCR Paycor HCM Inc. | 0.73% | 127,910 | $2.4M | New |
| DOCU Docusign Inc. | 0.70% | 25,280 | $2.3M | New |
| WULF Terawulf Inc. | 0.69% | 398,500 | $2.3M | New |
| FSLR First Solar Inc. | 0.67% | 12,450 | $2.2M | New |
| FROG Jfrog Ltd. | 0.66% | 73,410 | $2.2M | New |
| OLED Universal Display Corp. | 0.64% | 14,240 | $2.1M | No change |
| GDDY GoDaddy Inc. Class A | 0.64% | 10,500 | $2.1M | New |
| MDB Mongodb Inc. | 0.63% | 8,760 | $2.0M | Add +199.0% |
| BABA Alibaba Group Holding-SP ADR | 0.62% | 23,700 | $2.0M | New |
| ZS Zscaler Inc. | 0.57% | 10,380 | $1.9M | Add +291.7% |
| RUN Sunrun Inc. | 0.55% | 193,230 | $1.8M | New |
| S Sentinelone Inc. Class A | 0.54% | 79,800 | $1.8M | New |
| GPN Global Payments Inc. | 0.53% | 15,575 | $1.7M | Reduce -0.6% |
| PCOR Procore Technologies Inc. | 0.52% | 22,480 | $1.7M | Add +23.7% |
| GOTU Gaotu Techedu Inc. | 0.50% | 751,800 | $1.6M | Reduce -53.2% |
| WDAY Workday Inc. Class A | 0.50% | 6,310 | $1.6M | Reduce -16.8% |
| DT Dynatrace Inc. | 0.42% | 25,500 | $1.4M | Add +200.0% |
| SNOW Snowflake Inc. | 0.38% | 7,965 | $1.2M | Add +109.6% |
| PAYC Paycom Software Inc. | 0.38% | 6,000 | $1.2M | New |
| AVDX Avidxchange Holdings Inc. | 0.37% | 117,180 | $1.2M | New |
| TCOM Trip.com Group Ltd.-ADR | 0.37% | 17,600 | $1.2M | New |
| FOUR SHIFT4 Payments Inc. Class A | 0.35% | 11,160 | $1.2M | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.34% | 3,230 | $1.1M | Reduce -87.2% |
| PCTY Paylocity Holding Corp. | 0.34% | 5,505 | $1.1M | Reduce -59.9% |
| NOW ServiceNow Inc. | 0.33% | 1,030 | $1.1M | Reduce -66.0% |
| CPAY Corpay Inc. | 0.28% | 2,725 | $922K | New |
| COHR Coherent Corp. | 0.24% | 8,400 | $796K | New |
| BITF Bitfarms Ltd./Canada | 0.19% | 420,000 | $626K | New |
| OKTA Okta Inc. | 0.16% | 6,700 | $528K | New |
| MTSI Macom Technology Solutions H | 0.16% | 4,000 | $520K | New |
| PD Pagerduty Inc. | 0.15% | 26,500 | $484K | New |
Options reported separately and not counted above: BE calls ($7.1M), FLEX calls ($4.3M), ADSK calls ($3.4M), ARKF calls ($371K).
Portfolio Sells Q3 2024 → Q4 2024
| COIN Coinbase Global Inc. Class A | Reduce -84.2% | 1.52% | −9.06 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −7.54 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −7.14 |
| EDU New Oriental Educatio-SP ADR | Reduce -33.2% | 4.09% | −7.04 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −4.38 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −4.00 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -87.2% | 0.34% | −3.00 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −2.98 |
| AMKR Amkor Technology Inc. | Reduce -16.8% | 2.24% | −2.69 |
| ASX Ase Technology Holding -ADR | Reduce -33.1% | 2.01% | −2.47 |
| GOTU Gaotu Techedu Inc. | Reduce -53.2% | 0.50% | −2.46 |
| TSLA Tesla Inc. | Reduce -65.0% | 1.28% | −2.35 |
| ASHR Xtrackers Harvest Csi 300 CH | Sold out | 0.00% | −2.32 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −1.45 |
| AAPL Apple Inc. | Sold out | 0.00% | −1.40 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −1.23 |
| TAN Invesco Solar ETF | Sold out | 0.00% | −0.98 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.96 |
| NOW ServiceNow Inc. | Reduce -66.0% | 0.33% | −0.94 |
| EBAY eBay Inc. | Sold out | 0.00% | −0.92 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.79 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.78 |
| PCTY Paylocity Holding Corp. | Reduce -59.9% | 0.34% | −0.73 |
| PYPL PayPal Holdings Inc. | Reduce -25.7% | 0.81% | −0.72 |
| BE Bloom Energy Corp. Class A | Reduce -49.8% | 1.45% | −0.66 |
| Z Zillow Group Inc. Class C | Sold out | 0.00% | −0.63 |
| SMR Nuscale Power Corp. | Sold out | 0.00% | −0.55 |
| FISV Fiserv Inc. | Reduce -17.5% | 0.74% | −0.47 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −0.44 |
| WDAY Workday Inc. Class A | Reduce -16.8% | 0.50% | −0.37 |
| GPN Global Payments Inc. | Reduce -0.6% | 0.53% | −0.22 |
| BTDR Bitdeer Technologies Group-A | Reduce -46.7% | 1.74% | −0.07 |
| HUT Hut 8 Corp. | Reduce -5.5% | 1.21% | +0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| FLEX Flex Ltd. | New | 7.12% | +7.12 |
| LITE Lumentum Holdings Inc. | New | 5.83% | +5.83 |
| KEYS Keysight Technologies Inc. | New | 5.76% | +5.76 |
| PONY Pony AI Inc. | New | 4.42% | +4.42 |
| FUTU Futu Holdings Ltd.-ADR | New | 3.80% | +3.80 |
| ROK Rockwell Automation Inc. | New | 3.21% | +3.21 |
| BILL Bill Holdings Inc. | New | 2.46% | +2.46 |
| NOK Nokia Corp.-Spon ADR | New | 2.45% | +2.45 |
| MNDY Monday.com Ltd. | New | 2.21% | +2.21 |
| XYZ Block Inc. | New | 2.03% | +2.03 |
| LX Lexinfintech Holdings L-ADR | New | 2.01% | +2.01 |
| JD Jd.com Inc.-ADR | New | 1.75% | +1.75 |
| GTM Zoominfo Technologies Inc. | Add +1219.0% | 1.84% | +1.63 |
| RIOT Riot Platforms Inc. | New | 1.35% | +1.35 |
| CIEN Ciena Corp. | New | 1.25% | +1.25 |
| CLSK Cleanspark Inc. | New | 1.22% | +1.22 |
| MARA Mara Holdings Inc. | New | 1.14% | +1.14 |
| WIX Wix.com Ltd. | Add +119.5% | 2.32% | +1.05 |
| SOFI Sofi Technologies Inc. | New | 1.03% | +1.03 |
| MXL Maxlinear Inc. | New | 1.02% | +1.02 |
| UPST Upstart Holdings Inc. | New | 0.98% | +0.98 |
| BL Blackline Inc. | New | 0.84% | +0.84 |
| ZM Zoom Communications Inc. | New | 0.78% | +0.78 |
| CLS Celestica Inc. | New | 0.78% | +0.78 |
| AOSL Alpha & Omega Semiconductor | New | 0.77% | +0.77 |
| MSTR Strategy Inc. | New | 0.76% | +0.76 |
| CFLT Confluent Inc. Class A | Add +314.8% | 1.03% | +0.75 |
| CIFR Cipher Digital Inc. | Add +193.9% | 1.31% | +0.74 |
| PYCR Paycor HCM Inc. | New | 0.73% | +0.73 |
| ESTC Elastic NV | Add +233.6% | 1.13% | +0.73 |
| DDOG Datadog Inc. Class A | Add +244.4% | 1.12% | +0.72 |
| GTLB Gitlab Inc. Class A | Add +293.9% | 1.09% | +0.70 |
| DOCU Docusign Inc. | New | 0.70% | +0.70 |
| WULF Terawulf Inc. | New | 0.69% | +0.69 |
| FSLR First Solar Inc. | New | 0.67% | +0.67 |
| FROG Jfrog Ltd. | New | 0.66% | +0.66 |
| IREN Iren Ltd. | Add +196.2% | 1.19% | +0.66 |
| GDDY GoDaddy Inc. Class A | New | 0.64% | +0.64 |
| BABA Alibaba Group Holding-SP ADR | New | 0.62% | +0.62 |
| HUBS HubSpot Inc. | Add +172.4% | 1.03% | +0.59 |
| RUN Sunrun Inc. | New | 0.55% | +0.55 |
| S Sentinelone Inc. Class A | New | 0.54% | +0.54 |
| AFRM Affirm Holdings Inc. | Add +147.7% | 0.92% | +0.54 |
| PAYC Paycom Software Inc. | New | 0.38% | +0.38 |
| AVDX Avidxchange Holdings Inc. | New | 0.37% | +0.37 |
| TCOM Trip.com Group Ltd.-ADR | New | 0.37% | +0.37 |
| ZS Zscaler Inc. | Add +291.7% | 0.57% | +0.36 |
| FOUR SHIFT4 Payments Inc. Class A | New | 0.35% | +0.35 |
| CPAY Corpay Inc. | New | 0.28% | +0.28 |
| MDB Mongodb Inc. | Add +199.0% | 0.63% | +0.25 |
Options Activity Q3 2024 → Q4 2024
| GEV GE Vernova Inc. | call | Sold out | 55,200 | $14.1Mbefore exit |
| BE Bloom Energy Corp. Class A | call | New | 320,300 | $7.1M |
| FLEX Flex Ltd. | call | New | 113,000 | $4.3M |
| ADSK Autodesk Inc. | call | New | 11,500 | $3.4M |
| ARKK ARK Innovation ETF | call | Sold out | 40,000 | $1.9Mbefore exit |
| ARKF ARK Blockchain & Fintech Inn | call | New | 10,000 | $371K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 63 | $709.7M | SNDK, GLW, SOXX, INTC, QCOM |
| Q1 2026 | 52 | $578.1M | SMH, Q, SNDK, INTC, CIEN |
| Q4 2025 | 49 | $289.3M | LITE, COHR, CIEN, TSLA, PRIM |
| Q3 2025 | 62 | $184.3M | PONY, EDU, PSIX, KEYS, PRIM |
| Q2 2025 | 58 | $222.3M | LITE, QQQ, EDU, AMD, LX |
| Q1 2025 | 61 | $198.3M | TSM, LX, MU, EDU, LRCX |
| Q4 2024 | 76 | $326.3M | FLEX, LITE, KEYS, PONY, EDU |
| Q3 2024 | 50 | $212.3M | EDU, COIN, IWM, GEV, AMKR |
| Q2 2024 | 47 | $288.2M | COIN, GEV, EDU, DELL, SE |
| Q1 2024 | 49 | $403.1M | COIN, VRT, TSM, PDD, STX |