Maytree Asset Management Ltd

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Maytree Asset Management Ltd reported 16 stock positions worth $55.6 million. Its top holding was PDD (PDD) at 59.6% of the portfolio, followed by PDD Holdings Inc. (pdd 0 12/01/25) (23.0%) and Trip.com Group Ltd.-ADR (TCOM, 3.7%). Compared with Q4 2024, it opened 4 new positions, sold out of 2, added to 2 and reduced 1. The biggest buy was PDD (PDD, shares +17%) and the biggest sale an exit from Advanced Micro Devices (AMD).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001869683
Portfolio Value
$55.6M (Q1 2025)
SEC Filing
0001869683-25-000005 ↗ filed May 6, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $53.2M Q1 2024 Q2 2024: $95.1M Q2 2024 Q3 2024: $51.2M Q3 2024 Q4 2024: $44.2M Q4 2024 Q1 2025: $55.6M $55.6M Q1 2025 Q2 2025: $59.8M Q2 2025 Q3 2025: $111.1M Q3 2025 Q4 2025: $134.9M Q4 2025 Q1 2026: $141.5M Q1 2026 Q2 2026: $154.0M Q2 2026

Holdings 16 stocks · $55.6M
PDD PDD Holdings Inc. 59.61% 279,874 $33.1M Add +17.3%
PDD HOLDINGS INC (PDD 0 12/01/25) 23.04% 13,000,000 $12.8M Add +13.0%
TCOM Trip.com Group Ltd.-ADR 3.66% 31,999 $2.0M No change
BABA Alibaba Group Holding-SP ADR 3.44% 14,467 $1.9M New
META Meta Platforms Inc. Class A 2.00% 1,930 $1.1M No change
MDB Mongodb Inc. 1.46% 4,640 $814K No change
ORCL Oracle Corp. 1.28% 5,100 $713K No change
GOOGL Alphabet Inc. Class A 1.06% 3,800 $588K New
U Unity Software Inc. 0.85% 24,013 $470K No change
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.81% 22,524 $453K No change
NOW ServiceNow Inc. 0.72% 500 $398K New
AI C3.AI Inc. Class A 0.69% 18,200 $383K New
BASE Couchbase Inc. 0.68% 24,100 $380K No change
MAXNQ Maxeon Solar Technologie 0.48% 89,882 $265K No change
RBOT Vicarious Surgical Inc. Class A 0.21% 17,828 $117K No change
VIXY Proshares Vix Short-Term Fut 0.00% 48 $2K Reduce -99.5%

Portfolio Sells Q4 2024 → Q1 2025
AMD Advanced Micro Devices Sold out 0.00% −2.48
MSFT Microsoft Corp. Sold out 0.00% −2.19
VIXY Proshares Vix Short-Term Fut Reduce -99.5% 0.00% −1.09

Portfolio Buys Q4 2024 → Q1 2025
PDD PDD Holdings Inc. Add +17.3% 59.61% +7.29
BABA Alibaba Group Holding-SP ADR New 3.44% +3.44
GOOGL Alphabet Inc. Class A New 1.06% +1.06
NOW ServiceNow Inc. New 0.72% +0.72
AI C3.AI Inc. Class A New 0.69% +0.69
PDD HOLDINGS INC (PDD 0 12/01/25) Add +13.0% 23.04% −1.92

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 44$154.0MINTC, ARM, MRVL, SNDK, NBIS
Q1 2026 20$141.5MINTC, PDD, SNDK, LITE, COHR
Q4 2025 17$134.9MPDD, INTC, NVDA, AXTI, SNPS
Q3 2025 11$111.1MPDD, PDD HOLDINGS INC (PDD 0 12/01/25), GOOGL, BABA, U
Q2 2025 12$59.8MPDD, PDD HOLDINGS INC (PDD 0 12/01/25), BABA, FUTU, U
Q1 2025 16$55.6MPDD, PDD HOLDINGS INC (PDD 0 12/01/25), TCOM, BABA, META
Q4 2024 14$44.2MPDD, PDD HOLDINGS INC (PDD 0 12/01/25), TCOM, META, AMD
Q3 2024 9$51.2MPDD, KWEB, PDD HOLDINGS INC (PDD 0 12/01/25), IBIT, TCOM
Q2 2024 26$95.1MPDD, IBIT, KWEB, PROSHARES VIX SHORT-TERM FUT, BASE
Q1 2024 18$53.2MBASE, IBIT, BEKE, MAXNQ, ZTO