Leading Securities Co Ltd

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Leading Securities Co Ltd reported 4 stock positions worth $16.6 million. Its top holding was Finvolution Group-ADR (FINV) at 75.5% of the portfolio, followed by Dada Nexus Ltd.-ADR (DADA, 12.0%) and Atour Lifestyle Holdings-ADR (ATAT, 9.1%). Compared with Q4 2024, it sold out of 1, added to 2 and reduced 1. The biggest buy was Dada Nexus Ltd.-ADR (DADA, shares +0%) and the biggest sale an exit from PDD (PDD).

Most Recent 13F
Q3 2025
Location
HONG KONG, K3
CIK
0001962373
Portfolio Value
$16.6M (Q1 2025)
SEC Filing
0001962373-25-000012 ↗ filed May 6, 2025

Holdings Value

0$10.0M$20.0M$30.0M$40.0M Q4 2024: $30.8M Q4 2024 Q1 2025: $16.6M $16.6M Q1 2025 Q2 2025: $7.0M Q2 2025 Q3 2025: $4.7M Q3 2025

Holdings 4 stocks · $16.6M
FINV Finvolution Group-ADR 75.54% 1,305,208 $12.6M Reduce -37.1%
DADA Dada Nexus Ltd.-ADR 11.98% 1,077,081 $2.0M Add +0.4%
ATAT Atour Lifestyle Holdings-ADR 9.07% 53,226 $1.5M Add +2.2%
LU Lufax Holding Ltd.-ADR 3.42% 191,460 $569K No change

Portfolio Sells Q4 2024 → Q1 2025
PDD PDD Holdings Inc. Sold out 0.00% −43.94
FINV Finvolution Group-ADR Reduce -37.1% 75.54% +29.74

Portfolio Buys Q4 2024 → Q1 2025
DADA Dada Nexus Ltd.-ADR Add +0.4% 11.98% +7.75
ATAT Atour Lifestyle Holdings-ADR Add +2.2% 9.07% +4.52

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 4$4.7MLU, ATAT, FINV, JOYY
Q2 2025 5$7.0MATAT, FINV, LU, PDD, JOYY
Q1 2025 4$16.6MFINV, DADA, ATAT, LU
Q4 2024 5$30.8MFINV, PDD, ATAT, DADA, LU