Maytree Asset Management Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), Maytree Asset Management Ltd reported 17 stock positions worth $134.9 million. Its top holding was PDD (PDD) at 43.1% of the portfolio, followed by Intel (INTC, 9.0%) and Nvidia (NVDA, 8.7%). Compared with Q3 2025, it opened 9 new positions, sold out of 3, added to 1 and reduced 4. The biggest buy was a new position in Intel (INTC) and the biggest sale an exit from PDD Holdings Inc. (pdd 0 12/01/25).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001869683
- Portfolio Value
- $134.9M (Q4 2025)
- SEC Filing
- 0001869683-26-000002 ↗ filed Feb 3, 2026
Holdings Value
Holdings 17 stocks · $134.9M
| PDD PDD Holdings Inc. | 43.14% | 513,112 | $58.2M | Add +74.1% |
| INTC Intel Corp. | 8.99% | 328,594 | $12.1M | New |
| NVDA Nvidia Corp. | 8.66% | 62,608 | $11.7M | New |
| AXTI Axt Inc. | 8.27% | 682,299 | $11.2M | New |
| SNPS Synopsys Inc. | 7.28% | 20,915 | $9.8M | New |
| IBIT iShares Bitcoin Trust ETF | 4.40% | 119,495 | $5.9M | Reduce -8.9% |
| TSM Taiwan Semiconductor-SP ADR | 4.07% | 18,053 | $5.5M | Reduce -41.2% |
| U Unity Software Inc. | 3.98% | 121,378 | $5.4M | Reduce -44.3% |
| GOOGL Alphabet Inc. Class A | 3.91% | 16,850 | $5.3M | Reduce -71.1% |
| TCOM Trip.com Group Ltd.-ADR | 1.71% | 31,999 | $2.3M | No change |
| LITE Lumentum Holdings Inc. | 1.68% | 6,150 | $2.3M | New |
| XME SS SPDR S&P Metals Mining | 1.51% | 19,600 | $2.0M | New |
| APP AppLovin Corp. Class A | 1.49% | 2,980 | $2.0M | New |
| SIL Global X Silver Miners ETF | 0.72% | 11,590 | $968K | New |
| MAXNQ Maxeon Solar Technologie | 0.18% | 88,082 | $242K | No change |
| RBOT Vicarious Surgical Inc. Class A | 0.03% | 17,828 | $39K | No change |
| VIXY Proshares Vix Short-Term Fut | 0.00% | 48 | $1K | New |
Portfolio Sells Q3 2025 → Q4 2025
| PDD HOLDINGS INC (PDD 0 12/01/25) | Sold out | 0.00% | −13.38 |
| GOOGL Alphabet Inc. Class A | Reduce -71.1% | 3.91% | −8.85 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −8.18 |
| TSLA Tesla Inc. | Sold out | 0.00% | −4.88 |
| U Unity Software Inc. | Reduce -44.3% | 3.98% | −3.87 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -41.2% | 4.07% | −3.65 |
| IBIT iShares Bitcoin Trust ETF | Reduce -8.9% | 4.40% | −3.27 |
Portfolio Buys Q3 2025 → Q4 2025
| INTC Intel Corp. | New | 8.99% | +8.99 |
| NVDA Nvidia Corp. | New | 8.66% | +8.66 |
| AXTI Axt Inc. | New | 8.27% | +8.27 |
| PDD PDD Holdings Inc. | Add +74.1% | 43.14% | +8.09 |
| SNPS Synopsys Inc. | New | 7.28% | +7.28 |
| LITE Lumentum Holdings Inc. | New | 1.68% | +1.68 |
| XME SS SPDR S&P Metals Mining | New | 1.51% | +1.51 |
| APP AppLovin Corp. Class A | New | 1.49% | +1.49 |
| SIL Global X Silver Miners ETF | New | 0.72% | +0.72 |
| VIXY Proshares Vix Short-Term Fut | New | 0.00% | +0.00 |
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 |