KADENSA CAPITAL Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), KADENSA CAPITAL Ltd reported 46 stock positions worth $628.1 million. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 9.1% of the portfolio, followed by General Electric (GE, 7.3%) and Stride (LRN, 5.2%). Compared with Q1 2025, it opened 17 new positions, sold out of 28, added to 15 and reduced 14. The biggest buy was General Electric (GE, shares +86%) and the biggest sale an exit from Microsoft (MSFT).
- Most Recent 13F
- Q2 2026
- Location
- CENTRAL, K3
- CIK
- 0001720980
- Portfolio Value
- $628.1M (Q2 2025)
- SEC Filing
- 0000905148-25-002954 ↗ filed Aug 14, 2025
Holdings Value
Holdings 46 stocks · $628.1M
| BABA Alibaba Group Holding-SP ADR | 9.12% | 504,822 | $57.3M | Add +10.5% |
| GE General Electric filed as GE AEROSPACE | 7.30% | 178,095 | $45.8M | Add +85.8% |
| LRN Stride Inc. | 5.23% | 226,447 | $32.9M | Add +591.1% |
| VIK Viking Holdings Ltd. | 5.09% | 600,187 | $32.0M | Add +42.4% |
| PM Philip Morris International | 4.14% | 142,720 | $26.0M | Add +125.4% |
| YMM Full Truck Alliance -SPN ADR | 3.72% | 1,980,461 | $23.4M | Add +53.7% |
| AVGO Broadcom Inc. | 3.19% | 72,654 | $20.0M | Reduce -60.8% |
| TEM Tempus AI Inc. Class A | 3.06% | 302,663 | $19.2M | Reduce -34.0% |
| UPST Upstart Holdings Inc. | 3.03% | 294,031 | $19.0M | Reduce -28.7% |
| EH Ehang Holdings Ltd.-SPS ADR | 2.94% | 1,063,937 | $18.5M | Add +40.1% |
| TSLA Tesla Inc. | 2.93% | 58,007 | $18.4M | Add +12.6% |
| ONON On Holding AG Class A filed as ON HLDG AG | 2.85% | 344,249 | $17.9M | Add +43.0% |
| VNET Vnet Group Inc.-ADR | 2.68% | 2,436,603 | $16.8M | Add +145.6% |
| MMYT Makemytrip Ltd. | 2.65% | 169,645 | $16.6M | Reduce -3.4% |
| JCI Johnson Controls Internation | 2.63% | 156,677 | $16.5M | New |
| NVDA Nvidia Corp. | 2.57% | 102,087 | $16.1M | Add +83.7% |
| SNPS Synopsys Inc. | 2.48% | 30,438 | $15.6M | Add +7.1% |
| BA The Boeing Co. | 2.48% | 74,475 | $15.6M | New |
| AXON Axon Enterprise Inc. | 2.23% | 16,919 | $14.0M | New |
| SHY iShares 1-3 Year Treasury Bo | 2.11% | 160,150 | $13.3M | New |
| GLD SPDR Gold Shares | 2.07% | 42,739 | $13.0M | Add +20.2% |
| SPOT Spotify Technology SA | 2.07% | 16,961 | $13.0M | New |
| DDOG Datadog Inc. Class A | 1.79% | 83,811 | $11.3M | Reduce -4.2% |
| IBIT iShares Bitcoin Trust ETF | 1.76% | 181,092 | $11.1M | Reduce -52.5% |
| ATAT Atour Lifestyle Holdings-ADR | 1.71% | 330,912 | $10.8M | New |
| ITA iShares U.S. Aerospace & Def | 1.70% | 56,693 | $10.7M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.70% | 86,534 | $10.7M | Add +156.6% |
| UMC United Microelectron-SP ADR | 1.63% | 1,335,392 | $10.2M | Add +13.6% |
| SE Sea Ltd.-ADR | 1.29% | 50,639 | $8.1M | Reduce -67.0% |
| EWY iShares MSCI South Korea ETF | 1.26% | 110,265 | $7.9M | New |
| HOOD Robinhood Markets Inc. Class A | 1.21% | 80,965 | $7.6M | Reduce -84.0% |
| TSM Taiwan Semiconductor-SP ADR | 1.18% | 32,680 | $7.4M | New |
| NOW ServiceNow Inc. | 1.17% | 7,121 | $7.3M | Reduce -62.7% |
| HWM Howmet Aerospace Inc. | 1.16% | 39,020 | $7.3M | New |
| CRM Salesforce Inc. | 1.12% | 25,769 | $7.0M | Reduce -72.9% |
| WRD Weride Inc.-ADR | 1.01% | 803,764 | $6.3M | New |
| SOXX iShares Semiconductor ETF | 0.81% | 21,327 | $5.1M | New |
| PANW Palo Alto Networks Inc. | 0.71% | 21,887 | $4.5M | Reduce -76.0% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.59% | 58,352 | $3.7M | New |
| CDNS Cadence Design SYS Inc. | 0.45% | 9,092 | $2.8M | Reduce -74.2% |
| WM Waste Management Inc. | 0.43% | 11,909 | $2.7M | Reduce -72.9% |
| META Meta Platforms Inc. Class A | 0.29% | 2,497 | $1.8M | Reduce -89.9% |
| EDU New Oriental Educatio-SP ADR | 0.16% | 18,587 | $1.0M | New |
| ORCL Oracle Corp. | 0.16% | 4,533 | $991K | New |
| VRT Vertiv Holdings Co. Class A | 0.08% | 3,925 | $504K | New |
| CCJ Cameco Corp. | 0.04% | 3,377 | $251K | New |
Portfolio Sells Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Sold out | 0.00% | −5.33 |
| MU Micron Technology Inc. | Sold out | 0.00% | −3.19 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −3.00 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −2.43 |
| URNM Sprott Uranium Miners ETF | Sold out | 0.00% | −2.28 |
| INTC Intel Corp. | Sold out | 0.00% | −2.20 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −2.13 |
| CRM Salesforce Inc. | Reduce -72.9% | 1.12% | −2.05 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −1.96 |
| HON Honeywell International Inc. | Sold out | 0.00% | −1.94 |
| AS Amer Sports Inc. | Sold out | 0.00% | −1.92 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −1.73 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −1.53 |
| META Meta Platforms Inc. Class A | Reduce -89.9% | 0.29% | −1.47 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −1.42 |
| HOOD Robinhood Markets Inc. Class A | Reduce -84.0% | 1.21% | −1.40 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −1.38 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −1.27 |
| PANW Palo Alto Networks Inc. | Reduce -76.0% | 0.71% | −1.21 |
| SE Sea Ltd.-ADR | Reduce -67.0% | 1.29% | −1.20 |
| NFLX Netflix Inc. | Sold out | 0.00% | −1.16 |
| WDC Western Digital Corp. | Sold out | 0.00% | −1.15 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −0.99 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −0.90 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.87 |
| WM Waste Management Inc. | Reduce -72.9% | 0.43% | −0.83 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.80 |
| QFIN Qfin Holdings Inc.-ADR | Sold out | 0.00% | −0.74 |
| NOW ServiceNow Inc. | Reduce -62.7% | 1.17% | −0.72 |
| CDNS Cadence Design SYS Inc. | Reduce -74.2% | 0.45% | −0.66 |
| AVGO Broadcom Inc. | Reduce -60.8% | 3.19% | −0.66 |
| GTLB Gitlab Inc. Class A | Sold out | 0.00% | −0.62 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.57 |
| JBL Jabil Inc. | Sold out | 0.00% | −0.53 |
| IBIT iShares Bitcoin Trust ETF | Reduce -52.5% | 1.76% | −0.45 |
| WH Wyndham Hotels & Resorts Inc. | Sold out | 0.00% | −0.31 |
| SITM Sitime Corp. | Sold out | 0.00% | −0.18 |
| ZTO Zto Express Cayman Inc.-ADR | Sold out | 0.00% | −0.12 |
| TEM Tempus AI Inc. Class A | Reduce -34.0% | 3.06% | +0.32 |
| MMYT Makemytrip Ltd. | Reduce -3.4% | 2.65% | +0.51 |
| UPST Upstart Holdings Inc. | Reduce -28.7% | 3.03% | +0.67 |
| DDOG Datadog Inc. Class A | Reduce -4.2% | 1.79% | +0.72 |
Portfolio Buys Q1 2025 → Q2 2025
| GE General Electric | Add +85.8% | 7.30% | +4.92 |
| LRN Stride Inc. | Add +591.1% | 5.23% | +4.72 |
| VIK Viking Holdings Ltd. | Add +42.4% | 5.09% | +3.01 |
| PM Philip Morris International | Add +125.4% | 4.14% | +2.89 |
| JCI Johnson Controls Internation | New | 2.63% | +2.63 |
| BA The Boeing Co. | New | 2.48% | +2.48 |
| AXON Axon Enterprise Inc. | New | 2.23% | +2.23 |
| SHY iShares 1-3 Year Treasury Bo | New | 2.11% | +2.11 |
| SPOT Spotify Technology SA | New | 2.07% | +2.07 |
| NVDA Nvidia Corp. | Add +83.7% | 2.57% | +1.82 |
| ATAT Atour Lifestyle Holdings-ADR | New | 1.71% | +1.71 |
| ITA iShares U.S. Aerospace & Def | New | 1.70% | +1.70 |
| YMM Full Truck Alliance -SPN ADR | Add +53.7% | 3.72% | +1.68 |
| VNET Vnet Group Inc.-ADR | Add +145.6% | 2.68% | +1.67 |
| BABA Alibaba Group Holding-SP ADR | Add +10.5% | 9.12% | +1.62 |
| ONON On Holding AG Class A | Add +43.0% | 2.85% | +1.54 |
| TSLA Tesla Inc. | Add +12.6% | 2.93% | +1.28 |
| EWY iShares MSCI South Korea ETF | New | 1.26% | +1.26 |
| TJX TJX Companies Inc. | Add +156.6% | 1.70% | +1.19 |
| TSM Taiwan Semiconductor-SP ADR | New | 1.18% | +1.18 |
| HWM Howmet Aerospace Inc. | New | 1.16% | +1.16 |
| WRD Weride Inc.-ADR | New | 1.01% | +1.01 |
| EH Ehang Holdings Ltd.-SPS ADR | Add +40.1% | 2.94% | +0.97 |
| SNPS Synopsys Inc. | Add +7.1% | 2.48% | +0.97 |
| SOXX iShares Semiconductor ETF | New | 0.81% | +0.81 |
| GLD SPDR Gold Shares | Add +20.2% | 2.07% | +0.80 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 0.59% | +0.59 |
| UMC United Microelectron-SP ADR | Add +13.6% | 1.63% | +0.58 |
| EDU New Oriental Educatio-SP ADR | New | 0.16% | +0.16 |
| ORCL Oracle Corp. | New | 0.16% | +0.16 |
| VRT Vertiv Holdings Co. Class A | New | 0.08% | +0.08 |
| CCJ Cameco Corp. | New | 0.04% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 28 | $468.6M | TSM, TSLA, NVDA, JCI, STM |
| Q1 2026 | 39 | $718.5M | NVDA, TSM, TSLA, GE, BABA |
| Q4 2025 | 43 | $963.0M | NVDA, TSLA, TSM, BABA, GE |
| Q3 2025 | 49 | $971.1M | BABA, GE, NVDA, TSLA, TSM |
| Q2 2025 | 46 | $628.1M | BABA, GE, LRN, VIK, PM |
| Q1 2025 | 57 | $806.1M | BABA, MSFT, AVGO, MU, CRM |
| Q4 2024 | 51 | $823.8M | AMZN, NFLX, MSFT, BSX, HOOD |
| Q3 2024 | 32 | $382.0M | MSFT, HOOD, WDC, MU, NVDA |
| Q2 2024 | 38 | $424.1M | HOOD, MSFT, WDC, STNG, MRVL |
| Q1 2024 | 38 | $368.3M | MSFT, ORCL, AVGO, STNG, CRM |