Hel Ved Capital Management Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Hel Ved Capital Management Ltd reported 58 stock positions worth $222.3 million. Its top holding was Lumentum (LITE) at 10.9% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 6.2%) and New Oriental Educatio-SP ADR (EDU, 6.1%). Compared with Q1 2025, it opened 26 new positions, sold out of 29, added to 11 and reduced 17. The biggest buy was Lumentum (LITE, shares +167%) and the biggest sale an exit from Taiwan Semiconductor-SP ADR (TSM).
- Most Recent 13F
- Q2 2026
- Location
- CENTRAL, K3
- CIK
- 0001840129
- Portfolio Value
- $222.3M (Q2 2025)
- SEC Filing
- 0001840129-25-000005 ↗ filed Aug 13, 2025
Holdings Value
Holdings 58 stocks · $222.3M
| LITE Lumentum Holdings Inc. | 10.92% | 255,390 | $24.3M | Add +166.9% |
| QQQ Invesco QQQ Trust Series 1 | 6.20% | 25,000 | $13.8M | New |
| EDU New Oriental Educatio-SP ADR | 6.13% | 252,500 | $13.6M | Add +6.5% |
| AMD Advanced Micro Devices | 6.07% | 95,140 | $13.5M | New |
| LX Lexinfintech Holdings L-ADR | 4.63% | 1,426,350 | $10.3M | Add +8.2% |
| TTMI TTM Technologies | 3.58% | 195,050 | $8.0M | New |
| AMBA Ambarella Inc. | 3.09% | 103,870 | $6.9M | Reduce -15.1% |
| PONY Pony AI Inc. | 2.95% | 495,979 | $6.5M | Reduce -30.7% |
| NVDA Nvidia Corp. | 2.68% | 37,759 | $6.0M | New |
| PDD PDD Holdings Inc. | 2.66% | 56,537 | $5.9M | New |
| MTSI Macom Technology Solutions H | 2.48% | 38,400 | $5.5M | New |
| V Visa Inc. Class A | 2.37% | 14,815 | $5.3M | New |
| META Meta Platforms Inc. Class A | 2.27% | 6,840 | $5.0M | New |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 2.20% | 12,075 | $4.9M | Add +588.0% |
| RDDT Reddit Inc. Class A | 2.13% | 31,500 | $4.7M | New |
| XYZ Block Inc. | 2.02% | 66,225 | $4.5M | Reduce -10.4% |
| XYF X Financial-ADR filed as X FINL | 2.00% | 254,863 | $4.4M | New |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 2.00% | 102,550 | $4.4M | Reduce -5.0% |
| EH Ehang Holdings Ltd.-SPS ADR | 1.92% | 245,431 | $4.3M | Add +302.4% |
| DDOG Datadog Inc. Class A | 1.89% | 31,230 | $4.2M | Add +97.4% |
| ORCL Oracle Corp. | 1.87% | 19,050 | $4.2M | New |
| KEYS Keysight Technologies Inc. | 1.68% | 22,800 | $3.7M | Reduce -63.7% |
| FLEX Flex Ltd. | 1.64% | 73,030 | $3.6M | New |
| FINV Finvolution Group-ADR | 1.53% | 359,738 | $3.4M | Add +41.3% |
| RBLX Roblox Corp. Class A | 1.45% | 30,570 | $3.2M | Reduce -9.6% |
| LU Lufax Holding Ltd.-ADR | 1.40% | 1,115,000 | $3.1M | No change |
| MPWR Monolithic Power Systems Inc. | 1.32% | 4,000 | $2.9M | New |
| LRCX Lam Research Corp. | 1.25% | 28,450 | $2.8M | Reduce -78.7% |
| ATAT Atour Lifestyle Holdings-ADR | 1.23% | 83,800 | $2.7M | New |
| SNPS Synopsys Inc. | 1.15% | 5,000 | $2.6M | New |
| CFLT Confluent Inc. Class A | 1.08% | 96,122 | $2.4M | Add +2.3% |
| AMZN Amazon.com Inc. | 1.05% | 10,662 | $2.3M | New |
| MNDY Monday.com Ltd. | 0.94% | 6,680 | $2.1M | Reduce -44.9% |
| TTWO Take-Two Interactive Softwre | 0.94% | 8,650 | $2.1M | New |
| NTES Netease Inc.-ADR | 0.78% | 12,900 | $1.7M | New |
| WIX Wix.com Ltd. | 0.74% | 10,350 | $1.6M | Reduce -31.7% |
| SNOW Snowflake Inc. | 0.72% | 7,180 | $1.6M | Reduce -38.0% |
| GTM Zoominfo Technologies Inc. | 0.68% | 149,900 | $1.5M | Reduce -54.8% |
| FSLR First Solar Inc. | 0.68% | 9,100 | $1.5M | New |
| TCOM Trip.com Group Ltd.-ADR | 0.65% | 24,500 | $1.4M | Reduce -77.5% |
| U Unity Software Inc. | 0.57% | 52,600 | $1.3M | Add +202.3% |
| HIMX Himax Technologies Inc.-ADR | 0.57% | 140,900 | $1.3M | New |
| CDNS Cadence Design SYS Inc. | 0.55% | 4,000 | $1.2M | No change |
| FOUR SHIFT4 Payments Inc. Class A | 0.53% | 11,860 | $1.2M | Reduce -66.4% |
| MSFT Microsoft Corp. | 0.51% | 2,300 | $1.1M | New |
| CYBR Cyberark Software Ltd./Israel | 0.49% | 2,700 | $1.1M | New |
| VRNS Varonis Systems Inc. | 0.49% | 21,500 | $1.1M | New |
| APP AppLovin Corp. Class A | 0.47% | 3,000 | $1.1M | Add +54.8% |
| TWLO Twilio Inc. Class A | 0.47% | 8,350 | $1.0M | New |
| TSLA Tesla Inc. | 0.45% | 3,147 | $1000K | Reduce -25.1% |
| GDDY GoDaddy Inc. Class A | 0.42% | 5,200 | $936K | Add +4.5% |
| ZS Zscaler Inc. | 0.32% | 2,295 | $720K | Reduce -34.3% |
| PCOR Procore Technologies Inc. | 0.29% | 9,380 | $642K | Reduce -39.0% |
| HUBS HubSpot Inc. | 0.23% | 935 | $520K | No change |
| INOD Innodata Inc. | 0.20% | 8,800 | $451K | New |
| PYPL PayPal Holdings Inc. | 0.20% | 6,000 | $446K | New |
| ESTC Elastic NV | 0.18% | 4,710 | $397K | Reduce -76.6% |
| RERE Atrenew Inc. | 0.07% | 50,000 | $166K | No change |
Options reported separately and not counted above: AMD calls ($50.3M), ORCL calls ($18.1M), CRCL puts ($17.9M), FSLR calls ($11.3M), ENPH puts ($10.6M), RBLX calls ($10.4M), MBLY puts ($10.3M), LITE calls ($8.2M), QS puts ($7.4M), V calls ($6.7M), XLI calls ($4.1M), ARKF calls ($929K).
Portfolio Sells Q1 2025 → Q2 2025
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −13.21 |
| MU Micron Technology Inc. | Sold out | 0.00% | −6.60 |
| ASX Ase Technology Holding -ADR | Sold out | 0.00% | −3.95 |
| LRCX Lam Research Corp. | Reduce -78.7% | 1.25% | −3.66 |
| KEYS Keysight Technologies Inc. | Reduce -63.7% | 1.68% | −3.06 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -77.5% | 0.65% | −2.85 |
| SNDK Sandisk Corp. | Sold out | 0.00% | −1.83 |
| VNET Vnet Group Inc.-ADR | Sold out | 0.00% | −1.71 |
| RIOT Riot Platforms Inc. | Sold out | 0.00% | −1.65 |
| SEI Solaris Energy Infrastructur | Sold out | 0.00% | −1.38 |
| ADBE Adobe Inc. | Sold out | 0.00% | −1.22 |
| BTDR Bitdeer Technologies Group-A | Sold out | 0.00% | −1.17 |
| CIFR Cipher Digital Inc. | Sold out | 0.00% | −1.10 |
| GTM Zoominfo Technologies Inc. | Reduce -54.8% | 0.68% | −0.99 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −0.98 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -66.4% | 0.53% | −0.92 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.77 |
| HUT Hut 8 Corp. | Sold out | 0.00% | −0.73 |
| ESTC Elastic NV | Reduce -76.6% | 0.18% | −0.73 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.68 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −0.66 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.65 |
| BL Blackline Inc. | Sold out | 0.00% | −0.58 |
| MNDY Monday.com Ltd. | Reduce -44.9% | 0.94% | −0.54 |
| WIX Wix.com Ltd. | Reduce -31.7% | 0.74% | −0.51 |
| CLSK Cleanspark Inc. | Sold out | 0.00% | −0.49 |
| WULF Terawulf Inc. | Sold out | 0.00% | −0.49 |
| OKTA Okta Inc. | Sold out | 0.00% | −0.47 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.47 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -5.0% | 2.00% | −0.45 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −0.43 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.40 |
| DOCU Docusign Inc. | Sold out | 0.00% | −0.36 |
| MARA Mara Holdings Inc. | Sold out | 0.00% | −0.34 |
| GTLB Gitlab Inc. Class A | Sold out | 0.00% | −0.27 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.24 |
| PONY Pony AI Inc. | Reduce -30.7% | 2.95% | −0.24 |
| PCOR Procore Technologies Inc. | Reduce -39.0% | 0.29% | −0.22 |
| SAIL Sailpoint Inc. | Sold out | 0.00% | −0.19 |
| BITF Bitfarms Ltd./Canada | Sold out | 0.00% | −0.17 |
| SNOW Snowflake Inc. | Reduce -38.0% | 0.72% | −0.13 |
| TSLA Tesla Inc. | Reduce -25.1% | 0.45% | −0.10 |
| ZS Zscaler Inc. | Reduce -34.3% | 0.32% | −0.03 |
| AMBA Ambarella Inc. | Reduce -15.1% | 3.09% | −0.02 |
| XYZ Block Inc. | Reduce -10.4% | 2.02% | −0.00 |
| RBLX Roblox Corp. Class A | Reduce -9.6% | 1.45% | +0.45 |
Portfolio Buys Q1 2025 → Q2 2025
| LITE Lumentum Holdings Inc. | Add +166.9% | 10.92% | +7.91 |
| QQQ Invesco QQQ Trust Series 1 | New | 6.20% | +6.20 |
| AMD Advanced Micro Devices | New | 6.07% | +6.07 |
| TTMI TTM Technologies | New | 3.58% | +3.58 |
| NVDA Nvidia Corp. | New | 2.68% | +2.68 |
| PDD PDD Holdings Inc. | New | 2.66% | +2.66 |
| MTSI Macom Technology Solutions H | New | 2.48% | +2.48 |
| V Visa Inc. Class A | New | 2.37% | +2.37 |
| META Meta Platforms Inc. Class A | New | 2.27% | +2.27 |
| RDDT Reddit Inc. Class A | New | 2.13% | +2.13 |
| XYF X Financial-ADR | New | 2.00% | +2.00 |
| MSTR Strategy Inc. | Add +588.0% | 2.20% | +1.94 |
| ORCL Oracle Corp. | New | 1.87% | +1.87 |
| FLEX Flex Ltd. | New | 1.64% | +1.64 |
| MPWR Monolithic Power Systems Inc. | New | 1.32% | +1.32 |
| EH Ehang Holdings Ltd.-SPS ADR | Add +302.4% | 1.92% | +1.27 |
| ATAT Atour Lifestyle Holdings-ADR | New | 1.23% | +1.23 |
| SNPS Synopsys Inc. | New | 1.15% | +1.15 |
| DDOG Datadog Inc. Class A | Add +97.4% | 1.89% | +1.10 |
| AMZN Amazon.com Inc. | New | 1.05% | +1.05 |
| TTWO Take-Two Interactive Softwre | New | 0.94% | +0.94 |
| NTES Netease Inc.-ADR | New | 0.78% | +0.78 |
| FSLR First Solar Inc. | New | 0.68% | +0.68 |
| HIMX Himax Technologies Inc.-ADR | New | 0.57% | +0.57 |
| MSFT Microsoft Corp. | New | 0.51% | +0.51 |
| CYBR Cyberark Software Ltd./Israel | New | 0.49% | +0.49 |
| VRNS Varonis Systems Inc. | New | 0.49% | +0.49 |
| TWLO Twilio Inc. Class A | New | 0.47% | +0.47 |
| EDU New Oriental Educatio-SP ADR | Add +6.5% | 6.13% | +0.41 |
| U Unity Software Inc. | Add +202.3% | 0.57% | +0.40 |
| FINV Finvolution Group-ADR | Add +41.3% | 1.53% | +0.30 |
| APP AppLovin Corp. Class A | Add +54.8% | 0.47% | +0.21 |
| INOD Innodata Inc. | New | 0.20% | +0.20 |
| PYPL PayPal Holdings Inc. | New | 0.20% | +0.20 |
| GDDY GoDaddy Inc. Class A | Add +4.5% | 0.42% | −0.03 |
| CFLT Confluent Inc. Class A | Add +2.3% | 1.08% | −0.03 |
| LX Lexinfintech Holdings L-ADR | Add +8.2% | 4.63% | −2.08 |
Options Activity Q1 2025 → Q2 2025
| AMD Advanced Micro Devices | call | New | 354,700 | $50.3M |
| QQQ Invesco QQQ Trust Series 1 | call | Sold out | 103,000 | $48.3Mbefore exit |
| FSLR First Solar Inc. | put | Sold out | 190,500 | $24.1Mbefore exit |
| ORCL Oracle Corp. | call | New | 82,600 | $18.1M |
| CRCL Circle Internet Group Inc. | put | New | 98,500 | $17.9M |
| FSLR First Solar Inc. | call | New | 68,300 | $11.3M |
| ENPH Enphase Energy Inc. | put | New | 267,000 | $10.6M |
| RBLX Roblox Corp. Class A | call | New | 98,600 | $10.4M |
| MBLY Mobileye Global Inc. Class A | put | New | 570,500 | $10.3M |
| LITE Lumentum Holdings Inc. | call | New | 86,000 | $8.2M |
| QS Quantumscape Corp. | put | New | 1,107,000 | $7.4M |
| V Visa Inc. Class A | call | New | 18,800 | $6.7M |
| CORZ Core Scientific Inc. | call | Sold out | 850,000 | $6.2Mbefore exit |
| XLI SS Industrial Select Sector | call | New | 27,500 | $4.1M |
| ARKF ARK Blockchain & Fintech Inn | call | New | 18,500 | $929K |
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 |