Maytree Asset Management Ltd

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), Maytree Asset Management Ltd reported 11 stock positions worth $111.1 million. Its top holding was PDD (PDD) at 35.0% of the portfolio, followed by PDD Holdings Inc. (pdd 0 12/01/25) (13.4%) and Alphabet Class A (GOOGL, 12.8%). Compared with Q2 2025, it opened 2 new positions, sold out of 3 and added to 5. The biggest buy was Alphabet Class A (GOOGL, shares +586%) and the biggest sale an exit from Futu Holdings Ltd.-ADR (FUTU).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001869683
Portfolio Value
$111.1M (Q3 2025)
SEC Filing
0001869683-25-000008 ↗ filed Oct 31, 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 Q1 2025 Q2 2025: $59.8M Q2 2025 Q3 2025: $111.1M $111.1M Q3 2025 Q4 2025: $134.9M Q4 2025 Q1 2026: $141.5M Q1 2026 Q2 2026: $154.0M Q2 2026

Holdings 11 stocks · $111.1M
PDD PDD Holdings Inc. 35.04% 294,649 $38.9M Add +0.9%
PDD HOLDINGS INC (PDD 0 12/01/25) 13.38% 15,000,000 $14.9M No change
GOOGL Alphabet Inc. Class A 12.76% 58,325 $14.2M Add +586.2%
BABA Alibaba Group Holding-SP ADR 8.18% 50,832 $9.1M Add +78.6%
U Unity Software Inc. 7.85% 217,846 $8.7M Add +112.0%
TSM Taiwan Semiconductor-SP ADR 7.72% 30,713 $8.6M Add +309.5%
IBIT iShares Bitcoin Trust ETF 7.67% 131,179 $8.5M New
TSLA Tesla Inc. 4.88% 12,200 $5.4M New
TCOM Trip.com Group Ltd.-ADR 2.17% 31,999 $2.4M No change
MAXNQ Maxeon Solar Technologie 0.27% 88,082 $295K No change
RBOT Vicarious Surgical Inc. Class A 0.09% 17,828 $98K No change

Portfolio Sells Q2 2025 → Q3 2025
FUTU Futu Holdings Ltd.-ADR Sold out 0.00% −5.33
BEKE Ke Holdings Inc.-ADR Sold out 0.00% −0.32
VIXY Proshares Vix Short-Term Fut Sold out 0.00% −0.00

Portfolio Buys Q2 2025 → Q3 2025
GOOGL Alphabet Inc. Class A Add +586.2% 12.76% +10.25
IBIT iShares Bitcoin Trust ETF New 7.67% +7.67
TSLA Tesla Inc. New 4.88% +4.88
TSM Taiwan Semiconductor-SP ADR Add +309.5% 7.72% +4.88
U Unity Software Inc. Add +112.0% 7.85% +3.69
BABA Alibaba Group Holding-SP ADR Add +78.6% 8.18% +2.78
PDD PDD Holdings Inc. Add +0.9% 35.04% −16.04

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