Maytree Asset Management Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), Maytree Asset Management Ltd reported 12 stock positions worth $59.8 million. Its top holding was PDD (PDD) at 51.1% of the portfolio, followed by PDD Holdings Inc. (pdd 0 12/01/25) (24.6%) and Alibaba Group Holding-SP ADR (BABA, 5.4%). Compared with Q1 2025, it opened 2 new positions, sold out of 6, added to 5 and reduced 2. The biggest buy was a new position in Futu Holdings Ltd.-ADR (FUTU) and the biggest sale an exit from Meta Platforms Class A (META).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001869683
- Portfolio Value
- $59.8M (Q2 2025)
- SEC Filing
- 0001869683-25-000006 ↗ filed Aug 1, 2025
Holdings Value
Holdings 12 stocks · $59.8M
| PDD PDD Holdings Inc. | 51.08% | 291,874 | $30.5M | Add +4.3% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | 24.55% | 15,000,000 | $14.7M | Add +15.4% |
| BABA Alibaba Group Holding-SP ADR | 5.40% | 28,467 | $3.2M | Add +96.8% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 5.33% | 25,800 | $3.2M | New |
| U Unity Software Inc. | 4.16% | 102,735 | $2.5M | Add +327.8% |
| TCOM Trip.com Group Ltd.-ADR | 3.14% | 31,999 | $1.9M | No change |
| TSM Taiwan Semiconductor-SP ADR | 2.84% | 7,500 | $1.7M | New |
| GOOGL Alphabet Inc. Class A | 2.50% | 8,500 | $1.5M | Add +123.7% |
| MAXNQ Maxeon Solar Technologie | 0.45% | 88,082 | $270K | Reduce -2.0% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.32% | 10,687 | $190K | Reduce -52.5% |
| RBOT Vicarious Surgical Inc. Class A | 0.22% | 17,828 | $134K | No change |
| VIXY Proshares Vix Short-Term Fut | 0.00% | 48 | $2K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −2.00 |
| MDB Mongodb Inc. | Sold out | 0.00% | −1.46 |
| ORCL Oracle Corp. | Sold out | 0.00% | −1.28 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.72 |
| AI C3.AI Inc. Class A | Sold out | 0.00% | −0.69 |
| BASE Couchbase Inc. | Sold out | 0.00% | −0.68 |
| BEKE Ke Holdings Inc.-ADR | Reduce -52.5% | 0.32% | −0.50 |
| MAXNQ Maxeon Solar Technologie | Reduce -2.0% | 0.45% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| FUTU Futu Holdings Ltd.-ADR | New | 5.33% | +5.33 |
| U Unity Software Inc. | Add +327.8% | 4.16% | +3.31 |
| TSM Taiwan Semiconductor-SP ADR | New | 2.84% | +2.84 |
| BABA Alibaba Group Holding-SP ADR | Add +96.8% | 5.40% | +1.96 |
| PDD HOLDINGS INC (PDD 0 12/01/25) | Add +15.4% | 24.55% | +1.51 |
| GOOGL Alphabet Inc. Class A | Add +123.7% | 2.50% | +1.45 |
| PDD PDD Holdings Inc. | Add +4.3% | 51.08% | −8.53 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 44 | $154.0M | INTC, ARM, MRVL, SNDK, NBIS |
| Q1 2026 | 20 | $141.5M | INTC, PDD, SNDK, LITE, COHR |
| Q4 2025 | 17 | $134.9M | PDD, INTC, NVDA, AXTI, SNPS |
| Q3 2025 | 11 | $111.1M | PDD, PDD HOLDINGS INC (PDD 0 12/01/25), GOOGL, BABA, U |
| Q2 2025 | 12 | $59.8M | PDD, PDD HOLDINGS INC (PDD 0 12/01/25), BABA, FUTU, U |
| Q1 2025 | 16 | $55.6M | PDD, PDD HOLDINGS INC (PDD 0 12/01/25), TCOM, BABA, META |
| Q4 2024 | 14 | $44.2M | PDD, PDD HOLDINGS INC (PDD 0 12/01/25), TCOM, META, AMD |
| Q3 2024 | 9 | $51.2M | PDD, KWEB, PDD HOLDINGS INC (PDD 0 12/01/25), IBIT, TCOM |
| Q2 2024 | 26 | $95.1M | PDD, IBIT, KWEB, PROSHARES VIX SHORT-TERM FUT, BASE |
| Q1 2024 | 18 | $53.2M | BASE, IBIT, BEKE, MAXNQ, ZTO |