Long Corridor Asset Management Ltd

Name: Long Corridor Asset Management Ltd 13F holdings, Q4 2024
Creator: Long Corridor Asset Management Ltd
Published: 2025-02-12

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Long Corridor Asset Management Ltd reported 18 stock positions worth $114.9 million. Its top holding was Incyte (INCY) at 19.8% of the portfolio, followed by Alphabet Class A (GOOGL, 18.1%) and Meta Platforms Class A (META, 16.8%). Compared with Q3 2024, it opened 4 new positions, sold out of 4, added to 4 and reduced 3. The biggest buy was a new position in Incyte (INCY) and the biggest sale Weibo Corp.-Spon ADR (WB, shares −66%).

Most Recent 13F: Q2 2026
Location: HONG KONG, K3
CIK: 0001845501
Portfolio Value: $114.9M (Q4 2024)
SEC Filing: 0001845501-25-000002 ↗ filed Feb 12, 2025

Holdings Value

Holdings 18 stocks · $114.9M


INCY Incyte Corp.	19.84%	330,000	$22.8M	New
GOOGL Alphabet Inc. Class A	18.12%	110,000	$20.8M	Add +22.2%
META Meta Platforms Inc. Class A	16.82%	33,000	$19.3M	No change
BABA Alibaba Group Holding-SP ADR	8.86%	120,000	$10.2M	Add +20.0%
AXP American Express Co.	6.46%	25,000	$7.4M	No change
SE Sea Ltd.-ADR	4.62%	50,000	$5.3M	Reduce -16.7%
BIDU Baidu Inc. - Spon ADR	4.40%	60,000	$5.1M	New
NYT New York Times Co. Class A	4.08%	90,000	$4.7M	Add +200.0%
CCL Carnival Corp.	3.80%	175,000	$4.4M	New
ZG Zillow Group Inc. Class A	3.66%	59,395	$4.2M	Add +5.6%
NTES Netease Inc.-ADR	3.11%	40,000	$3.6M	New
ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD	2.96%	18,400	$3.4M	Reduce -28.6%
WB Weibo Corp.-Spon ADR	2.65%	318,555	$3.0M	Reduce -65.6%
GLUE Monte Rosa Therapeutics Inc.	0.24%	40,000	$278K	No change
CGEM Cullinan Therapeutics Inc.	0.16%	15,000	$183K	No change
SNDX Syndax Pharmaceuticals Inc.	0.12%	10,000	$132K	No change
KURA Kura Oncology Inc.	0.08%	10,000	$87K	No change
OMGAQ Omega Therapeutics Inc.	0.06%	85,000	$63K	No change

Other holdings (2): bonds, preferreds, convertibles and warrants · $18.3M (not counted above)

Security	Class	Shares / Principal	Value	Change
NIO INC (NIO 0.5 02/01/27)	NOTE 0.500% 2/0 · principal	15,000,000	$14.8M	Add +66.7%
NIO INC (NIO 4.625 10/15/30)	NOTE 4.625%10/1 · principal	5,000,000	$3.5M	New

Total filed on the 13F, all lines: $133.2M.

Portfolio Sells Q3 2024 → Q4 2024


WB Weibo Corp.-Spon ADR	Reduce -65.6%	2.65%	−10.87
MNSO Miniso Group Holding Ltd.-ADR	Sold out	0.00%	−4.50
ONC Beone Medicines Ltd.-ADR	Reduce -28.6%	2.96%	−3.55
CWEN.A Clearway Energy Inc. Class A	Sold out	0.00%	−1.76
SE Sea Ltd.-ADR	Reduce -16.7%	4.62%	−1.75
XPEV Xpeng Inc. - ADR	Sold out	0.00%	−1.74
ACTU Actuate Therapeutics Inc.	Sold out	0.00%	−1.05

Portfolio Buys Q3 2024 → Q4 2024


INCY Incyte Corp.	New	19.84%	+19.84
BIDU Baidu Inc. - Spon ADR	New	4.40%	+4.40
CCL Carnival Corp.	New	3.80%	+3.80
NTES Netease Inc.-ADR	New	3.11%	+3.11
NYT New York Times Co. Class A	Add +200.0%	4.08%	+2.20
GOOGL Alphabet Inc. Class A	Add +22.2%	18.12%	+1.31
ZG Zillow Group Inc. Class A	Add +5.6%	3.66%	−0.26
BABA Alibaba Group Holding-SP ADR	Add +20.0%	8.86%	−3.10

Notes & Other Activity Q3 2024 → Q4 2024


BILIBILI INC (BILI 0.5 12/01/26)	NOTE 0.500%12/0 · principal	Sold out	16,000,000	$15.9Mbefore exit
NIO INC (NIO 0.5 02/01/27)	NOTE 0.500% 2/0 · principal	Add +66.7%	15,000,000	$14.8M
NIO INC (NIO 4.625 10/15/30)	NOTE 4.625%10/1 · principal	New	5,000,000	$3.5M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	30	$265.0M	AMZN, GOOGL, AXP, GRAB, ATHM
Q1 2026	32	$326.8M	GOOGL, AMZN, META, AXP, MSFT
Q4 2025	17	$180.3M	GOOGL, META, AXP, UBER, RBLX
Q3 2025	20	$197.9M	GOOGL, META, AXP, UBER, RBLX
Q2 2025	14	$202.9M	META, UBER, AXP, GOOGL, INCY
Q1 2025	17	$131.1M	META, UBER, AXP, GOOGL, INCY
Q4 2024	18	$114.9M	INCY, GOOGL, META, BABA, AXP
Q3 2024	18	$88.8M	META, GOOGL, WB, BABA, AXP
Q2 2024	19	$81.4M	META, GOOGL, WB, ONC, BABA
Q1 2024	10	$68.7M	META, WB, GOOGL, BABA, AXP