Kontiki Capital Management (HK) Ltd.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Kontiki Capital Management (HK) Ltd. reported 7 stock positions worth $1.9 billion. Its top holding was Nu Holdings Ltd./Cayman Isl-A (NU) at 32.5% of the portfolio, followed by Sea Ltd.-ADR (SE, 18.4%) and HDFC Bank Ltd.-ADR (HDB, 13.5%). Compared with Q2 2025, it opened 1 new position and reduced 6. The biggest buy was a new position in H World Group Ltd.-ADR (HTHT) and the biggest sale HDFC Bank Ltd.-ADR (HDB, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- Hong Kong, K3
- CIK
- 0001713390
- Portfolio Value
- $1.9B (Q3 2025)
- SEC Filing
- 0000899140-25-001307 ↗ filed Nov 14, 2025
Holdings Value
Holdings 7 stocks · $1.9B
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 32.49% | 38,130,796 | $610.5M | Reduce -1.3% |
| SE Sea Ltd.-ADR | 18.39% | 1,933,887 | $345.6M | Reduce -13.8% |
| HDB HDFC Bank Ltd.-ADR | 13.49% | 7,419,143 | $253.4M | Reduce -1.3% |
| CPNG Coupang Inc. | 11.64% | 6,791,698 | $218.7M | Reduce -13.8% |
| YMM Full Truck Alliance -SPN ADR | 10.59% | 15,348,790 | $199.1M | Reduce -1.3% |
| SIRI Sirius XM Holdings Inc. | 8.24% | 6,654,289 | $154.9M | Reduce -1.3% |
| HTHT H World Group Ltd.-ADR | 5.15% | 2,475,171 | $96.8M | New |
Portfolio Sells Q2 2025 → Q3 2025
| HDB HDFC Bank Ltd.-ADR | Reduce -1.3% | 13.49% | −2.96 |
| SE Sea Ltd.-ADR | Reduce -13.8% | 18.39% | −2.10 |
| CPNG Coupang Inc. | Reduce -13.8% | 11.64% | −1.84 |
| SIRI Sirius XM Holdings Inc. | Reduce -1.3% | 8.24% | −0.60 |
| YMM Full Truck Alliance -SPN ADR | Reduce -1.3% | 10.59% | +0.11 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -1.3% | 32.49% | +2.24 |
Portfolio Buys Q2 2025 → Q3 2025
| HTHT H World Group Ltd.-ADR | New | 5.15% | +5.15 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $1.5B | NU, CPNG, HDB, SE, SIRI |
| Q1 2026 | 7 | $1.4B | NU, CPNG, HTHT, SE, HDB |
| Q4 2025 | 8 | $1.7B | NU, HDB, YMM, HTHT, SE |
| Q3 2025 | 7 | $1.9B | NU, SE, HDB, CPNG, YMM |
| Q2 2025 | 6 | $1.8B | NU, SE, HDB, CPNG, YMM |
| Q1 2025 | 8 | $1.4B | SE, NU, HDB, CPNG, TCOM |
| Q4 2024 | 9 | $1.1B | SE, HDB, NU, CPNG, TCOM |
| Q3 2024 | 9 | $1.3B | SE, NU, HDB, CPNG, TCOM |
| Q2 2024 | 9 | $1.0B | SE, NU, CPNG, TCOM, FWONK |
| Q1 2024 | 8 | $906.9M | NU, SE, TCOM, CPNG, FWONK |