KEYWISE CAPITAL MANAGEMENT (HK) Ltd In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), KEYWISE CAPITAL MANAGEMENT (HK) Ltd reported 11 stock positions worth $907.8 million . Its top holding was Palantir Technologies Class A (PLTR) at 39.5% of the portfolio, followed by Miniso Group Holding Ltd.-ADR (MNSO, 18.8% ) and PDD (PDD, 15.0% ). Compared with Q4 2024, it opened 3 new positions, sold out of 6, added to 4 and reduced 3. The biggest buy was Nvidia (NVDA, shares +124% ) and the biggest sale Taiwan Semiconductor-SP ADR (TSM, shares −100% ).
Location HONG KONG, K3
CIK 0001474069
Portfolio Value $907.8M (Q1 2025) Holdings 11 stocks · $907.8M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 PLTR Palantir Technologies Inc. Class A 4,248,400 $358.6M Reduce -21.5% MNSO Miniso Group Holding Ltd.-ADR 9,212,650 $170.3M Add +0.1% PDD PDD Holdings Inc. 1,152,360 $136.4M Add +0.4% NVDA Nvidia Corp. 1,100,600 $119.3M Add +124.4% GOOGL Alphabet Inc. Class A 434,650 $67.2M Add +85.5% YMM Full Truck Alliance -SPN ADR 4,234,400 $54.1M No change TSM Taiwan Semiconductor-SP ADR 4,330 $719K Reduce -99.6% GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 13,200 $334K Reduce -29.0% BABA Alibaba Group Holding-SP ADR 2,300 $304K New ATAT Atour Lifestyle Holdings-ADR 10,500 $298K New TCOM Trip.com Group Ltd.-ADR 3,850 $245K New
Options reported separately and not counted above: PDD calls ($7.7M), GOOGL calls ($5.5M), TSLA puts ($3.9M), PLTR calls ($236K).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ TSM Taiwan Semiconductor-SP ADR Reduce -99.6% 0.08% −16.88 AAPL Apple Inc. Sold out 0.00% −4.45 EDU New Oriental Educatio-SP ADR Sold out 0.00% −2.53 VIPS Vipshop Holdings Ltd. - ADR Sold out 0.00% −1.69 ATHM Autohome Inc.-ADR Sold out 0.00% −0.08 MSFT Microsoft Corp. Sold out 0.00% −0.03 GOTU Gaotu Techedu Inc. Sold out 0.00% −0.01 GDS GDS Holdings Ltd. - ADR Reduce -29.0% 0.04% +0.00 PLTR Palantir Technologies Inc. Class A Reduce -21.5% 39.50% +5.61
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ NVDA Nvidia Corp. Add +124.4% 13.14% +7.69 PDD PDD Holdings Inc. Add +0.4% 15.02% +5.81 GOOGL Alphabet Inc. Class A Add +85.5% 7.40% +3.73 MNSO Miniso Group Holding Ltd.-ADR Add +0.1% 18.77% +0.57 BABA Alibaba Group Holding-SP ADR New 0.03% +0.03 ATAT Atour Lifestyle Holdings-ADR New 0.03% +0.03 TCOM Trip.com Group Ltd.-ADR New 0.03% +0.03
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ TSLA Tesla Inc. put New 15,000 $3.9M
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 12 $694.4M TSM, GOOGL, STX, CRCL, PDD Q1 2026 10 $593.3M TSM, GOOGL, CRCL, PLTR, STX Q4 2025 17 $1.3B GOOGL, PLTR, EL, CRCL, NVDA Q3 2025 19 $1.2B PLTR, GOOGL, NVDA, MNSO, CRCL Q2 2025 13 $1.1B PLTR, GOOGL, NVDA, MNSO, PDD Q1 2025 11 $907.8M PLTR, MNSO, PDD, NVDA, GOOGL Q4 2024 14 $1.2B PLTR, MNSO, TSM, PDD, NVDA Q3 2024 14 $1.0B PLTR, TSM, PDD, MNSO, EDU Q2 2024 12 $827.2M TSM, PLTR, MNSO, EDU, PDD Q1 2024 12 $737.5M TSM, PLTR, EDU, MNSO, NVDA