IvyRock Asset Management (HK) Ltd
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), IvyRock Asset Management (HK) Ltd reported 22 stock positions worth $228.2 million. Its top holding was PDD (PDD) at 49.5% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 11.4%) and Taiwan Semiconductor-SP ADR (TSM, 8.6%). Compared with Q2 2024, it opened 5 new positions, sold out of 4, added to 4 and reduced 6. The biggest buy was a new position in New Oriental Educatio-SP ADR (EDU) and the biggest sale Full Truck Alliance -SPN ADR (YMM, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- SHEUNG WAN, K3
- CIK
- 0001809525
- Portfolio Value
- $228.2M (Q3 2024)
- SEC Filing
- 0001809525-24-000003 ↗ filed Nov 8, 2024
Holdings Value
Holdings 22 stocks · $228.2M
| PDD PDD Holdings Inc. | 49.53% | 838,536 | $113.0M | Reduce -0.8% |
| IBIT iShares Bitcoin Trust ETF | 11.36% | 717,600 | $25.9M | Add +0.5% |
| TSM Taiwan Semiconductor-SP ADR | 8.62% | 113,300 | $19.7M | No change |
| TSLA Tesla Inc. | 5.74% | 50,086 | $13.1M | Reduce -43.8% |
| YMM Full Truck Alliance -SPN ADR | 5.59% | 1,415,200 | $12.8M | Reduce -50.2% |
| COIN Coinbase Global Inc. Class A | 5.46% | 69,999 | $12.5M | No change |
| BZ Kanzhun Ltd. - ADR | 4.47% | 587,412 | $10.2M | Reduce -0.9% |
| EDU New Oriental Educatio-SP ADR | 3.84% | 115,500 | $8.8M | New |
| HTHT H World Group Ltd.-ADR | 2.03% | 124,821 | $4.6M | No change |
| SE Sea Ltd.-ADR | 2.02% | 48,859 | $4.6M | No change |
| MSFT Microsoft Corp. | 0.21% | 1,090 | $469K | No change |
| GLD SPDR Gold Shares | 0.17% | 1,600 | $389K | New |
| LEGN Legend Biotech Corp.-ADR | 0.15% | 6,800 | $331K | New |
| BABA Alibaba Group Holding-SP ADR | 0.14% | 3,100 | $329K | New |
| SOWG Sow Good Inc. | 0.14% | 28,002 | $327K | Add +36.6% |
| ANSS Ansys Inc. | 0.13% | 950 | $303K | Add +18.8% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.13% | 3,000 | $287K | Reduce -40.0% |
| CSCO Cisco Systems Inc. | 0.10% | 4,500 | $239K | No change |
| IQ Iqiyi Inc.-ADR | 0.06% | 50,000 | $143K | New |
| VLN Valens Semiconductor Ltd. | 0.06% | 60,000 | $132K | Add +50.0% |
| RERE Atrenew Inc. | 0.02% | 18,000 | $50K | Reduce -48.6% |
| CAN Canaan Inc. | 0.02% | 48,000 | $48K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| YMM Full Truck Alliance -SPN ADR | Reduce -50.2% | 5.59% | −4.15 |
| TSLA Tesla Inc. | Reduce -43.8% | 5.74% | −1.78 |
| BZ Kanzhun Ltd. - ADR | Reduce -0.9% | 4.47% | −0.28 |
| VRNS Varonis Systems Inc. | Sold out | 0.00% | −0.20 |
| ESTC Elastic NV | Sold out | 0.00% | −0.17 |
| IREN Iren Ltd. | Sold out | 0.00% | −0.17 |
| B Barrick Gold Corp. | Sold out | 0.00% | −0.08 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -40.0% | 0.13% | −0.01 |
| RERE Atrenew Inc. | Reduce -48.6% | 0.02% | −0.01 |
| PDD PDD Holdings Inc. | Reduce -0.8% | 49.53% | +1.65 |
Portfolio Buys Q2 2024 → Q3 2024
| EDU New Oriental Educatio-SP ADR | New | 3.84% | +3.84 |
| IBIT iShares Bitcoin Trust ETF | Add +0.5% | 11.36% | +0.98 |
| GLD SPDR Gold Shares | New | 0.17% | +0.17 |
| LEGN Legend Biotech Corp.-ADR | New | 0.15% | +0.15 |
| BABA Alibaba Group Holding-SP ADR | New | 0.14% | +0.14 |
| IQ Iqiyi Inc.-ADR | New | 0.06% | +0.06 |
| ANSS Ansys Inc. | Add +18.8% | 0.13% | +0.02 |
| VLN Valens Semiconductor Ltd. | Add +50.0% | 0.06% | +0.00 |
| SOWG Sow Good Inc. | Add +36.6% | 0.14% | −0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 25 | $176.9M | PDD, BABA, LEGN, CRCL, IBIT |
| Q1 2026 | 25 | $177.9M | PDD, LEGN, BABA, CRCL, IBIT |
| Q4 2025 | 23 | $189.6M | PDD, LEGN, BABA, IBIT, TSLA |
| Q3 2025 | 20 | $232.7M | PDD, LEGN, IBIT, BABA, ETHA |
| Q2 2025 | 13 | $216.7M | PDD, IBIT, LEGN, BABA, CSIQ |
| Q1 2025 | 17 | $212.8M | PDD, IBIT, LEGN, BABA, CSIQ |
| Q4 2024 | 22 | $225.1M | PDD, IBIT, TSM, TSLA, CSIQ |
| Q3 2024 | 22 | $228.2M | PDD, IBIT, TSM, TSLA, YMM |
| Q2 2024 | 21 | $234.7M | PDD, IBIT, YMM, TSM, TSLA |
| Q1 2024 | 20 | $215.0M | PDD, COIN, TSLA, YMM, IBIT |