Long Corridor Asset Management Ltd In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Long Corridor Asset Management Ltd reported 17 stock positions worth $131.1 million . Its top holding was Meta Platforms Class A (META) at 14.5% of the portfolio, followed by Uber Technologies (UBER, 13.9% ) and American Express (AXP, 13.3% ). Compared with Q4 2024, it opened 9 new positions, sold out of 10, added to 2 and reduced 3. The biggest buy was a new position in Uber Technologies (UBER) and the biggest sale Incyte (INCY, shares −33% ).
Location HONG KONG, K3
CIK 0001845501
Portfolio Value $131.1M (Q1 2025) Holdings 17 stocks · $131.1M 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 META Meta Platforms Inc. Class A 33,000 $19.0M No change UBER Uber Technologies Inc. 250,000 $18.2M New AXP American Express Co. 65,000 $17.5M Add +160.0% GOOGL Alphabet Inc. Class A 110,000 $17.0M No change INCY Incyte Corp. 220,000 $13.3M Reduce -33.3% ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD 37,000 $10.1M Add +101.1% ATHM Autohome Inc.-ADR 323,083 $9.0M New SE Sea Ltd.-ADR 40,000 $5.2M Reduce -20.0% NYT New York Times Co. Class A 90,000 $4.5M No change RBLX Roblox Corp. Class A 75,000 $4.4M New NTES Netease Inc.-ADR 30,000 $3.1M Reduce -25.0% NWSA News Corp. Class A 88,393 $2.4M New SWTX Springworks Therapeutics Inc. 50,000 $2.2M New ZTO Zto Express Cayman Inc.-ADR 100,000 $2.0M New EDU New Oriental Educatio-SP ADR 38,000 $1.8M New MLCO Melco Resorts & Entert-ADR 136,194 $718K New BILI Bilibili Inc.-Sponsored ADR 36,500 $698K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $5.6M (not counted above) Total filed on the 13F, all lines: $136.6M.
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 ▲ INCY Incyte Corp. Reduce -33.3% 10.16% −9.67 BABA Alibaba Group Holding-SP ADR Sold out 0.00% −8.86 BIDU Baidu Inc. - Spon ADR Sold out 0.00% −4.40 CCL Carnival Corp. Sold out 0.00% −3.80 ZG Zillow Group Inc. Class A Sold out 0.00% −3.66 WB Weibo Corp.-Spon ADR Sold out 0.00% −2.65 NTES Netease Inc.-ADR Reduce -25.0% 2.36% −0.75 SE Sea Ltd.-ADR Reduce -20.0% 3.98% −0.63 GLUE Monte Rosa Therapeutics Inc. Sold out 0.00% −0.24 CGEM Cullinan Therapeutics Inc. Sold out 0.00% −0.16 SNDX Syndax Pharmaceuticals Inc. Sold out 0.00% −0.12 KURA Kura Oncology Inc. Sold out 0.00% −0.08 OMGAQ Omega Therapeutics Inc. Sold out 0.00% −0.06
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 ▼ UBER Uber Technologies Inc. New 13.90% +13.90 AXP American Express Co. Add +160.0% 13.34% +6.89 ATHM Autohome Inc.-ADR New 6.83% +6.83 ONC Beone Medicines Ltd.-ADR Add +101.1% 7.68% +4.73 RBLX Roblox Corp. Class A New 3.34% +3.34 NWSA News Corp. Class A New 1.84% +1.84 SWTX Springworks Therapeutics Inc. New 1.68% +1.68 ZTO Zto Express Cayman Inc.-ADR New 1.51% +1.51 EDU New Oriental Educatio-SP ADR New 1.39% +1.39 MLCO Melco Resorts & Entert-ADR New 0.55% +0.55 BILI Bilibili Inc.-Sponsored ADR New 0.53% +0.53
Notes & Other Activity Q4 2024 → Q1 2025 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