IvyRock Asset Management (HK) Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), IvyRock Asset Management (HK) Ltd reported 22 stock positions worth $225.1 million. Its top holding was PDD (PDD) at 40.1% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 14.4%) and Taiwan Semiconductor-SP ADR (TSM, 9.9%). Compared with Q3 2024, it opened 4 new positions, sold out of 4, added to 4 and reduced 6. The biggest buy was a new position in Canadian Solar (CSIQ) and the biggest sale an exit from Coinbase Global Class A (COIN).
- Most Recent 13F
- Q2 2026
- Location
- SHEUNG WAN, K3
- CIK
- 0001809525
- Portfolio Value
- $225.1M (Q4 2024)
- SEC Filing
- 0001809525-25-000002 ↗ filed Feb 12, 2025
Holdings Value
Holdings 22 stocks · $225.1M
| PDD PDD Holdings Inc. | 40.08% | 930,336 | $90.2M | Add +10.9% |
| IBIT iShares Bitcoin Trust ETF | 14.44% | 612,600 | $32.5M | Reduce -14.6% |
| TSM Taiwan Semiconductor-SP ADR | 9.94% | 113,300 | $22.4M | No change |
| TSLA Tesla Inc. | 8.75% | 48,786 | $19.7M | Reduce -2.6% |
| CSIQ Canadian Solar Inc. | 6.86% | 1,388,500 | $15.4M | New |
| YMM Full Truck Alliance -SPN ADR | 4.92% | 1,023,100 | $11.1M | Reduce -27.7% |
| LEGN Legend Biotech Corp.-ADR | 3.86% | 267,100 | $8.7M | Add +3827.9% |
| BZ Kanzhun Ltd. - ADR | 3.57% | 582,012 | $8.0M | Reduce -0.9% |
| EDU New Oriental Educatio-SP ADR | 3.08% | 108,000 | $6.9M | Reduce -6.5% |
| HTHT H World Group Ltd.-ADR | 1.83% | 124,821 | $4.1M | No change |
| SMMT Summit Therapeutics Inc. | 1.32% | 166,500 | $3.0M | New |
| GLD SPDR Gold Shares | 0.26% | 2,400 | $581K | Add +50.0% |
| MSFT Microsoft Corp. | 0.20% | 1,090 | $459K | No change |
| MNSO Miniso Group Holding Ltd.-ADR | 0.17% | 16,000 | $382K | New |
| ANSS Ansys Inc. | 0.14% | 950 | $320K | No change |
| CSCO Cisco Systems Inc. | 0.12% | 4,500 | $266K | No change |
| BABA Alibaba Group Holding-SP ADR | 0.12% | 3,100 | $263K | No change |
| ZETA Zeta Global Holdings Corp. Class A | 0.10% | 13,000 | $234K | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.10% | 2,800 | $224K | Reduce -6.7% |
| VLN Valens Semiconductor Ltd. | 0.07% | 60,000 | $156K | No change |
| IQ Iqiyi Inc.-ADR | 0.05% | 60,000 | $121K | Add +20.0% |
| RERE Atrenew Inc. | 0.02% | 18,000 | $52K | No change |
Options reported separately and not counted above: NVIDIA CORPORATION puts ($1.4M).
Portfolio Sells Q3 2024 → Q4 2024
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −5.46 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −2.02 |
| BZ Kanzhun Ltd. - ADR | Reduce -0.9% | 3.57% | −0.90 |
| EDU New Oriental Educatio-SP ADR | Reduce -6.5% | 3.08% | −0.76 |
| YMM Full Truck Alliance -SPN ADR | Reduce -27.7% | 4.92% | −0.67 |
| SOWG Sow Good Inc. | Sold out | 0.00% | −0.14 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -6.7% | 0.10% | −0.03 |
| CAN Canaan Inc. | Sold out | 0.00% | −0.02 |
| TSLA Tesla Inc. | Reduce -2.6% | 8.75% | +3.01 |
| IBIT iShares Bitcoin Trust ETF | Reduce -14.6% | 14.44% | +3.08 |
Portfolio Buys Q3 2024 → Q4 2024
| CSIQ Canadian Solar Inc. | New | 6.86% | +6.86 |
| LEGN Legend Biotech Corp.-ADR | Add +3827.9% | 3.86% | +3.72 |
| SMMT Summit Therapeutics Inc. | New | 1.32% | +1.32 |
| MNSO Miniso Group Holding Ltd.-ADR | New | 0.17% | +0.17 |
| ZETA Zeta Global Holdings Corp. Class A | New | 0.10% | +0.10 |
| GLD SPDR Gold Shares | Add +50.0% | 0.26% | +0.09 |
| IQ Iqiyi Inc.-ADR | Add +20.0% | 0.05% | −0.01 |
| PDD PDD Holdings Inc. | Add +10.9% | 40.08% | −9.45 |
Options Activity Q3 2024 → Q4 2024
| NVIDIA CORPORATION | put | New | 1,356,000 | $1.4M |
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 | 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 |