Long Corridor Asset Management Ltd

Name: Long Corridor Asset Management Ltd 13F holdings, Q2 2025
Creator: Long Corridor Asset Management Ltd
Published: 2025-08-12

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

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Long Corridor Asset Management Ltd reported 14 stock positions worth $202.9 million. Its top holding was Meta Platforms Class A (META) at 15.4% of the portfolio, followed by Uber Technologies (UBER, 14.9%) and American Express (AXP, 13.7%). Compared with Q1 2025, it opened 3 new positions, sold out of 6, added to 8 and reduced 2. The biggest buy was a new position in Carnival (CCL) and the biggest sale an exit from Netease Inc.-ADR (NTES).

Most Recent 13F: Q2 2026
Location: HONG KONG, K3
CIK: 0001845501
Portfolio Value: $202.9M (Q2 2025)
SEC Filing: 0001845501-25-000007 ↗ filed Aug 12, 2025

Holdings Value

Holdings 14 stocks · $202.9M


META Meta Platforms Inc. Class A	15.39%	42,300	$31.2M	Add +28.2%
UBER Uber Technologies Inc.	14.90%	324,000	$30.2M	Add +29.6%
AXP American Express Co.	13.68%	87,000	$27.8M	Add +33.9%
GOOGL Alphabet Inc. Class A	12.51%	144,000	$25.4M	Add +30.9%
INCY Incyte Corp.	7.39%	220,000	$15.0M	No change
ATHM Autohome Inc.-ADR	7.09%	557,359	$14.4M	Add +72.5%
RBLX Roblox Corp. Class A	6.38%	123,000	$12.9M	Add +64.0%
ONC Beone Medicines Ltd.-ADR	5.67%	47,500	$11.5M	Add +28.4%
CCL Carnival Corp.	4.85%	350,000	$9.8M	New
NYT New York Times Co. Class A	3.79%	137,500	$7.7M	Add +52.8%
AMZN Amazon.com Inc.	3.24%	30,000	$6.6M	New
SE Sea Ltd.-ADR	2.37%	30,000	$4.8M	Reduce -25.0%
CHA Chagee Holdings Ltd.-ADR	1.61%	125,000	$3.3M	New
NWSA News Corp. Class A	1.13%	77,401	$2.3M	Reduce -12.4%

Other holdings (3): bonds, preferreds, convertibles and warrants · $74.4M (not counted above)

Security	Class	Shares / Principal	Value	Change
STRATEGY INC (MSTR 2.25 06/15/32)	NOTE 2.250% 6/1 · principal	25,000,000	$53.8M	New
NIO INC (NIO 3.875 10/15/29)	NOTE 3.875%10/1 · principal	20,500,000	$14.6M	New
NIO INC (NIO 4.625 10/15/30)	NOTE 4.625%10/1 · principal	9,500,000	$6.0M	Add +18.8%

Total filed on the 13F, all lines: $277.3M.

Portfolio Sells Q1 2025 → Q2 2025


NTES Netease Inc.-ADR	Sold out	0.00%	−2.36
SWTX Springworks Therapeutics Inc.	Sold out	0.00%	−1.68
SE Sea Ltd.-ADR	Reduce -25.0%	2.37%	−1.62
ZTO Zto Express Cayman Inc.-ADR	Sold out	0.00%	−1.51
EDU New Oriental Educatio-SP ADR	Sold out	0.00%	−1.39
NWSA News Corp. Class A	Reduce -12.4%	1.13%	−0.70
MLCO Melco Resorts & Entert-ADR	Sold out	0.00%	−0.55
BILI Bilibili Inc.-Sponsored ADR	Sold out	0.00%	−0.53

Portfolio Buys Q1 2025 → Q2 2025


CCL Carnival Corp.	New	4.85%	+4.85
AMZN Amazon.com Inc.	New	3.24%	+3.24
RBLX Roblox Corp. Class A	Add +64.0%	6.38%	+3.04
CHA Chagee Holdings Ltd.-ADR	New	1.61%	+1.61
UBER Uber Technologies Inc.	Add +29.6%	14.90%	+1.00
META Meta Platforms Inc. Class A	Add +28.2%	15.39%	+0.88
NYT New York Times Co. Class A	Add +52.8%	3.79%	+0.39
AXP American Express Co.	Add +33.9%	13.68%	+0.34
ATHM Autohome Inc.-ADR	Add +72.5%	7.09%	+0.25
GOOGL Alphabet Inc. Class A	Add +30.9%	12.51%	−0.47
ONC Beone Medicines Ltd.-ADR	Add +28.4%	5.67%	−2.02

Notes & Other Activity Q1 2025 → Q2 2025


STRATEGY INC (MSTR 2.25 06/15/32)	NOTE 2.250% 6/1 · principal	New	25,000,000	$53.8M
NIO INC (NIO 3.875 10/15/29)	NOTE 3.875%10/1 · principal	New	20,500,000	$14.6M
NIO INC (NIO 4.625 10/15/30)	NOTE 4.625%10/1 · principal	Add +18.8%	9,500,000	$6.0M

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