KADENSA CAPITAL Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), KADENSA CAPITAL Ltd reported 49 stock positions worth $971.1 million. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 6.6% of the portfolio, followed by General Electric (GE, 5.4%) and Nvidia (NVDA, 5.2%). Compared with Q2 2025, it opened 22 new positions, sold out of 19, added to 18 and reduced 9. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +418%) and the biggest sale an exit from Philip Morris International (PM).
- Most Recent 13F
- Q2 2026
- Location
- CENTRAL, K3
- CIK
- 0001720980
- Portfolio Value
- $971.1M (Q3 2025)
- SEC Filing
- 0000905148-25-004002 ↗ filed Nov 14, 2025
Holdings Value
Holdings 49 stocks · $971.1M
| BABA Alibaba Group Holding-SP ADR | 6.62% | 359,919 | $64.3M | Reduce -28.7% |
| GE General Electric filed as GE AEROSPACE | 5.37% | 173,478 | $52.2M | Reduce -2.6% |
| NVDA Nvidia Corp. | 5.25% | 273,210 | $51.0M | Add +167.6% |
| TSLA Tesla Inc. | 5.13% | 111,917 | $49.8M | Add +92.9% |
| TSM Taiwan Semiconductor-SP ADR | 4.87% | 169,353 | $47.3M | Add +418.2% |
| VIK Viking Holdings Ltd. | 3.89% | 607,910 | $37.8M | Add +1.3% |
| AVGO Broadcom Inc. | 3.34% | 98,432 | $32.5M | Add +35.5% |
| HII Huntington Ingalls Industrie | 2.90% | 97,804 | $28.2M | New |
| JCI Johnson Controls Internation | 2.89% | 255,411 | $28.1M | Add +63.0% |
| ORCL Oracle Corp. | 2.69% | 92,736 | $26.1M | Add +1945.8% |
| ALAB Astera Labs Inc. | 2.47% | 122,609 | $24.0M | New |
| LRN Stride Inc. | 2.41% | 157,101 | $23.4M | Reduce -30.6% |
| AVAV Aerovironment Inc. | 2.40% | 74,160 | $23.4M | New |
| TEM Tempus AI Inc. Class A | 2.39% | 288,035 | $23.2M | Reduce -4.8% |
| UPST Upstart Holdings Inc. | 2.38% | 455,150 | $23.1M | Add +54.8% |
| MSFT Microsoft Corp. | 2.22% | 41,634 | $21.6M | New |
| PWR Quanta Services Inc. | 2.20% | 51,632 | $21.4M | New |
| HWM Howmet Aerospace Inc. | 2.17% | 107,500 | $21.1M | Add +175.5% |
| RBLX Roblox Corp. Class A | 2.13% | 149,166 | $20.7M | New |
| AXON Axon Enterprise Inc. | 2.07% | 28,072 | $20.1M | Add +65.9% |
| EH Ehang Holdings Ltd.-SPS ADR | 2.02% | 1,056,204 | $19.6M | Reduce -0.7% |
| PLTR Palantir Technologies Inc. Class A | 2.01% | 107,129 | $19.5M | New |
| MP MP Materials Corp. | 1.69% | 245,279 | $16.5M | New |
| WM Waste Management Inc. | 1.67% | 73,281 | $16.2M | Add +515.3% |
| FN Fabrinet | 1.66% | 44,284 | $16.1M | New |
| GLD SPDR Gold Shares | 1.66% | 45,234 | $16.1M | Add +5.8% |
| ATAT Atour Lifestyle Holdings-ADR | 1.65% | 425,879 | $16.0M | Add +28.7% |
| TT Trane Technologies PLC | 1.63% | 37,576 | $15.9M | New |
| LITE Lumentum Holdings Inc. | 1.56% | 93,137 | $15.2M | New |
| MMYT Makemytrip Ltd. | 1.37% | 141,896 | $13.3M | Reduce -16.4% |
| META Meta Platforms Inc. Class A | 1.36% | 18,002 | $13.2M | Add +621.0% |
| GEV GE Vernova Inc. | 1.34% | 21,167 | $13.0M | New |
| TME Tencent Music Entertainm-ADR | 1.27% | 530,198 | $12.4M | New |
| XPEV Xpeng Inc. - ADR | 1.24% | 513,246 | $12.0M | New |
| DECK Deckers Outdoor Corp. | 1.23% | 117,993 | $12.0M | New |
| IBIT iShares Bitcoin Trust ETF | 1.22% | 182,764 | $11.9M | Add +0.9% |
| AMBQ Ambiq Micro Inc. | 1.22% | 394,991 | $11.8M | New |
| ISRG Intuitive Surgical Inc. | 1.20% | 26,015 | $11.6M | New |
| BA The Boeing Co. | 0.98% | 44,298 | $9.6M | Reduce -40.5% |
| SNPS Synopsys Inc. | 0.98% | 19,312 | $9.5M | Reduce -36.5% |
| CCJ Cameco Corp. | 0.98% | 112,929 | $9.5M | Add +3244.1% |
| CDNS Cadence Design SYS Inc. | 0.97% | 26,912 | $9.5M | Add +196.0% |
| WRD Weride Inc.-ADR | 0.92% | 900,297 | $8.9M | Add +12.0% |
| BE Bloom Energy Corp. Class A | 0.65% | 75,135 | $6.4M | New |
| PSIX Power Solutions Internationa | 0.60% | 59,710 | $5.9M | New |
| SY So-Young International-ADR | 0.41% | 1,022,291 | $4.0M | New |
| CLS Celestica Inc. | 0.38% | 14,944 | $3.7M | New |
| KTOS Kratos Defense & Security | 0.28% | 29,901 | $2.7M | New |
| SPOT Spotify Technology SA | 0.03% | 350 | $244K | Reduce -97.9% |
Portfolio Sells Q2 2025 → Q3 2025
| PM Philip Morris International | Sold out | 0.00% | −4.14 |
| YMM Full Truck Alliance -SPN ADR | Sold out | 0.00% | −3.72 |
| ONON On Holding AG Class A | Sold out | 0.00% | −2.85 |
| LRN Stride Inc. | Reduce -30.6% | 2.41% | −2.83 |
| VNET Vnet Group Inc.-ADR | Sold out | 0.00% | −2.68 |
| BABA Alibaba Group Holding-SP ADR | Reduce -28.7% | 6.62% | −2.49 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −2.11 |
| SPOT Spotify Technology SA | Reduce -97.9% | 0.03% | −2.05 |
| GE General Electric | Reduce -2.6% | 5.37% | −1.92 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −1.79 |
| ITA iShares U.S. Aerospace & Def | Sold out | 0.00% | −1.70 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −1.70 |
| UMC United Microelectron-SP ADR | Sold out | 0.00% | −1.63 |
| SNPS Synopsys Inc. | Reduce -36.5% | 0.98% | −1.50 |
| BA The Boeing Co. | Reduce -40.5% | 0.98% | −1.50 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −1.29 |
| MMYT Makemytrip Ltd. | Reduce -16.4% | 1.37% | −1.28 |
| EWY iShares MSCI South Korea ETF | Sold out | 0.00% | −1.26 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −1.21 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −1.17 |
| CRM Salesforce Inc. | Sold out | 0.00% | −1.12 |
| EH Ehang Holdings Ltd.-SPS ADR | Reduce -0.7% | 2.02% | −0.92 |
| SOXX iShares Semiconductor ETF | Sold out | 0.00% | −0.81 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.71 |
| TEM Tempus AI Inc. Class A | Reduce -4.8% | 2.39% | −0.67 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −0.59 |
| EDU New Oriental Educatio-SP ADR | Sold out | 0.00% | −0.16 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.08 |
Portfolio Buys Q2 2025 → Q3 2025
| TSM Taiwan Semiconductor-SP ADR | Add +418.2% | 4.87% | +3.69 |
| HII Huntington Ingalls Industrie | New | 2.90% | +2.90 |
| NVDA Nvidia Corp. | Add +167.6% | 5.25% | +2.68 |
| ORCL Oracle Corp. | Add +1945.8% | 2.69% | +2.53 |
| ALAB Astera Labs Inc. | New | 2.47% | +2.47 |
| AVAV Aerovironment Inc. | New | 2.40% | +2.40 |
| MSFT Microsoft Corp. | New | 2.22% | +2.22 |
| PWR Quanta Services Inc. | New | 2.20% | +2.20 |
| TSLA Tesla Inc. | Add +92.9% | 5.13% | +2.19 |
| RBLX Roblox Corp. Class A | New | 2.13% | +2.13 |
| PLTR Palantir Technologies Inc. Class A | New | 2.01% | +2.01 |
| MP MP Materials Corp. | New | 1.69% | +1.69 |
| FN Fabrinet | New | 1.66% | +1.66 |
| TT Trane Technologies PLC | New | 1.63% | +1.63 |
| LITE Lumentum Holdings Inc. | New | 1.56% | +1.56 |
| GEV GE Vernova Inc. | New | 1.34% | +1.34 |
| TME Tencent Music Entertainm-ADR | New | 1.27% | +1.27 |
| XPEV Xpeng Inc. - ADR | New | 1.24% | +1.24 |
| WM Waste Management Inc. | Add +515.3% | 1.67% | +1.23 |
| DECK Deckers Outdoor Corp. | New | 1.23% | +1.23 |
| AMBQ Ambiq Micro Inc. | New | 1.22% | +1.22 |
| ISRG Intuitive Surgical Inc. | New | 1.20% | +1.20 |
| META Meta Platforms Inc. Class A | Add +621.0% | 1.36% | +1.07 |
| HWM Howmet Aerospace Inc. | Add +175.5% | 2.17% | +1.02 |
| CCJ Cameco Corp. | Add +3244.1% | 0.98% | +0.94 |
| BE Bloom Energy Corp. Class A | New | 0.65% | +0.65 |
| PSIX Power Solutions Internationa | New | 0.60% | +0.60 |
| CDNS Cadence Design SYS Inc. | Add +196.0% | 0.97% | +0.53 |
| SY So-Young International-ADR | New | 0.41% | +0.41 |
| CLS Celestica Inc. | New | 0.38% | +0.38 |
| KTOS Kratos Defense & Security | New | 0.28% | +0.28 |
| JCI Johnson Controls Internation | Add +63.0% | 2.89% | +0.26 |
| AVGO Broadcom Inc. | Add +35.5% | 3.34% | +0.16 |
| ATAT Atour Lifestyle Holdings-ADR | Add +28.7% | 1.65% | −0.06 |
| WRD Weride Inc.-ADR | Add +12.0% | 0.92% | −0.09 |
| AXON Axon Enterprise Inc. | Add +65.9% | 2.07% | −0.16 |
| GLD SPDR Gold Shares | Add +5.8% | 1.66% | −0.42 |
| IBIT iShares Bitcoin Trust ETF | Add +0.9% | 1.22% | −0.54 |
| UPST Upstart Holdings Inc. | Add +54.8% | 2.38% | −0.65 |
| VIK Viking Holdings Ltd. | Add +1.3% | 3.89% | −1.20 |
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 |