KEYWISE CAPITAL MANAGEMENT (HK) Ltd In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), KEYWISE CAPITAL MANAGEMENT (HK) Ltd reported 19 stock positions worth $1.2 billion . Its top holding was Palantir Technologies Class A (PLTR) at 29.8% of the portfolio, followed by Alphabet Class A (GOOGL, 24.7% ) and Nvidia (NVDA, 16.3% ). Compared with Q2 2025, it opened 9 new positions, sold out of 3, added to 3 and reduced 7. The biggest buy was a new position in Circle Internet (CRCL) and the biggest sale PDD (PDD, shares −83% ).
Location HONG KONG, K3
CIK 0001474069
Portfolio Value $1.2B (Q3 2025) Holdings 19 stocks · $1.2B 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 Q2 2025 PLTR Palantir Technologies Inc. Class A 2,039,650 $372.1M Reduce -17.9% GOOGL Alphabet Inc. Class A 1,267,500 $308.1M Add +0.2% NVDA Nvidia Corp. 1,089,300 $203.2M Reduce -1.0% MNSO Miniso Group Holding Ltd.-ADR 8,010,921 $180.2M Reduce -14.2% CRCL Circle Internet Group Inc. 549,900 $72.9M New EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 823,500 $72.6M New PDD PDD Holdings Inc. 219,850 $29.1M Reduce -83.4% INTC Intel Corp. 55,000 $1.8M New BILI Bilibili Inc.-Sponsored ADR 65,000 $1.8M New ETHU 2X Ether ETF 12,300 $1.6M New TSM Taiwan Semiconductor-SP ADR 4,030 $1.1M Add +24.8% HWM Howmet Aerospace Inc. 4,900 $962K New ATAT Atour Lifestyle Holdings-ADR 25,000 $940K Add +20.2% YMM Full Truck Alliance -SPN ADR 64,000 $830K Reduce -98.5% ZS Zscaler Inc. 2,200 $659K New ADI Analog Devices Inc. 2,380 $585K New SNOW Snowflake Inc. 2,500 $564K New HOOD Robinhood Markets Inc. Class A 2,600 $372K Reduce -44.7% GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 5,300 $205K Reduce -59.9%
Options reported separately and not counted above: BILI calls ($23.7M), GOOGL calls ($14.6M), INTC calls ($10.1M), BABA calls ($5.0M).
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ PDD PDD Holdings Inc. Reduce -83.4% 2.33% −10.31 YMM Full Truck Alliance -SPN ADR Reduce -98.5% 0.07% −4.54 PLTR Palantir Technologies Inc. Class A Reduce -17.9% 29.77% −1.08 MNSO Miniso Group Holding Ltd.-ADR Reduce -14.2% 14.42% −1.07 BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.02 COIN Coinbase Global Inc. Class A Sold out 0.00% −0.02 TCOM Trip.com Group Ltd.-ADR Sold out 0.00% −0.02 GDS GDS Holdings Ltd. - ADR Reduce -59.9% 0.02% −0.02 HOOD Robinhood Markets Inc. Class A Reduce -44.7% 0.03% −0.01 NVDA Nvidia Corp. Reduce -1.0% 16.26% +0.43
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ CRCL Circle Internet Group Inc. New 5.83% +5.83 EL Estee Lauder Companies Class A New 5.81% +5.81 GOOGL Alphabet Inc. Class A Add +0.2% 24.66% +4.35 INTC Intel Corp. New 0.15% +0.15 BILI Bilibili Inc.-Sponsored ADR New 0.15% +0.15 ETHU 2X Ether ETF New 0.13% +0.13 HWM Howmet Aerospace Inc. New 0.08% +0.08 ZS Zscaler Inc. New 0.05% +0.05 ADI Analog Devices Inc. New 0.05% +0.05 SNOW Snowflake Inc. New 0.05% +0.05 TSM Taiwan Semiconductor-SP ADR Add +24.8% 0.09% +0.02 ATAT Atour Lifestyle Holdings-ADR Add +20.2% 0.08% +0.01
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ BILI Bilibili Inc.-Sponsored ADR call New 844,000 $23.7M AAPL Apple Inc. put Sold out 82,000 $16.8Mbefore exit GOOGL Alphabet Inc. Class A call Reduce -81.7% 60,000 $14.6M INTC Intel Corp. call New 300,000 $10.1M TSLA Tesla Inc. put Sold out 29,000 $9.2Mbefore exit PDD PDD Holdings Inc. call Sold out 65,000 $6.8Mbefore exit BABA Alibaba Group Holding-SP ADR call New 28,000 $5.0M
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