IvyRock Asset Management (HK) Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 7, 2026), IvyRock Asset Management (HK) Ltd reported 25 stock positions worth $177.9 million. Its top holding was PDD (PDD) at 65.8% of the portfolio, followed by Legend Biotech Corp.-ADR (LEGN, 8.2%) and Alibaba Group Holding-SP ADR (BABA, 6.8%). Compared with Q4 2025, it opened 8 new positions, sold out of 6, added to 4 and reduced 3. The biggest buy was PDD (PDD, shares +16%) and the biggest sale an exit from Alphabet Class A (GOOGL).
- Most Recent 13F
- Q2 2026
- Location
- SHEUNG WAN, K3
- CIK
- 0001809525
- Portfolio Value
- $177.9M (Q1 2026)
- SEC Filing
- 0001809525-26-000003 ↗ filed May 7, 2026
Holdings Value
Holdings 25 stocks · $177.9M
| PDD PDD Holdings Inc. | 65.78% | 1,145,409 | $117.0M | Add +15.5% |
| LEGN Legend Biotech Corp.-ADR | 8.17% | 804,000 | $14.5M | No change |
| BABA Alibaba Group Holding-SP ADR | 6.82% | 96,700 | $12.1M | No change |
| CRCL Circle Internet Group Inc. | 4.48% | 83,500 | $8.0M | New |
| IBIT iShares Bitcoin Trust ETF | 3.59% | 166,400 | $6.4M | Reduce -33.1% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 3.03% | 360,000 | $5.4M | New |
| TSLA Tesla Inc. | 2.84% | 13,600 | $5.1M | Reduce -48.3% |
| HUYA Huya Inc.-ADR | 1.94% | 1,047,983 | $3.5M | Add +6.3% |
| GLD SPDR Gold Shares | 0.73% | 3,000 | $1.3M | No change |
| ARWR Arrowhead Pharmaceuticals Inc. | 0.25% | 7,000 | $439K | Reduce -17.6% |
| URNM Sprott Uranium Miners ETF | 0.23% | 6,520 | $412K | New |
| COPX Global X Copper Miners ETF | 0.21% | 5,000 | $382K | Add +42.9% |
| MSFT Microsoft Corp. | 0.21% | 1,000 | $370K | No change |
| AVBP Arrivent Biopharma Inc. | 0.21% | 16,000 | $369K | New |
| CSCO Cisco Systems Inc. | 0.20% | 4,500 | $349K | No change |
| SNPS Synopsys Inc. | 0.18% | 800 | $317K | No change |
| SIL Global X Silver Miners ETF | 0.18% | 3,500 | $315K | New |
| AMD Advanced Micro Devices | 0.17% | 1,500 | $305K | No change |
| JOYY Joyy Inc.-ADR | 0.16% | 5,000 | $292K | New |
| NTLA Intellia Therapeutics Inc. | 0.14% | 19,830 | $254K | Add +2.6% |
| GDX Vaneck Gold Miners ETF | 0.13% | 2,500 | $229K | New |
| BEAM Beam Therapeutics Inc. | 0.12% | 8,600 | $205K | No change |
| DHT DHT Holdings Inc. | 0.10% | 10,000 | $183K | New |
| PRME Prime Medicine Inc. | 0.08% | 41,800 | $145K | No change |
| RERE Atrenew Inc. | 0.05% | 20,000 | $94K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −6.06 |
| TSLA Tesla Inc. | Reduce -48.3% | 2.84% | −3.40 |
| IBIT iShares Bitcoin Trust ETF | Reduce -33.1% | 3.59% | −2.92 |
| ALB Albemarle Corp. | Sold out | 0.00% | −0.65 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.39 |
| SY So-Young International-ADR | Sold out | 0.00% | −0.19 |
| ZLAB Zai Lab Ltd.-ADR | Sold out | 0.00% | −0.14 |
| OUNZ Vaneck Merk Gold ETF | Sold out | 0.00% | −0.12 |
| ARWR Arrowhead Pharmaceuticals Inc. | Reduce -17.6% | 0.25% | −0.05 |
Portfolio Buys Q4 2025 → Q1 2026
| PDD PDD Holdings Inc. | Add +15.5% | 65.78% | +6.48 |
| CRCL Circle Internet Group Inc. | New | 4.48% | +4.48 |
| BEKE Ke Holdings Inc.-ADR | New | 3.03% | +3.03 |
| HUYA Huya Inc.-ADR | Add +6.3% | 1.94% | +0.45 |
| URNM Sprott Uranium Miners ETF | New | 0.23% | +0.23 |
| AVBP Arrivent Biopharma Inc. | New | 0.21% | +0.21 |
| SIL Global X Silver Miners ETF | New | 0.18% | +0.18 |
| JOYY Joyy Inc.-ADR | New | 0.16% | +0.16 |
| GDX Vaneck Gold Miners ETF | New | 0.13% | +0.13 |
| DHT DHT Holdings Inc. | New | 0.10% | +0.10 |
| COPX Global X Copper Miners ETF | Add +42.9% | 0.21% | +0.08 |
| NTLA Intellia Therapeutics Inc. | Add +2.6% | 0.14% | +0.05 |
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 |