In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Monolith Management Ltd reported 15 stock positions worth $149.1 million . Its top holding was Tal Education Group- ADR (TAL) at 17.5% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 14.7% ) and Alibaba Group Holding-SP ADR (BABA, 10.0% ). Compared with Q4 2024, it opened 7 new positions, sold out of 15, added to 4 and reduced 4. The biggest buy was a new position in Alibaba Group Holding-SP ADR (BABA) and the biggest sale an exit from iShares Bitcoin Trust ETF (IBIT).
Location HONG KONG, K3
CIK 0002008306
Portfolio Value $149.1M (Q1 2025) Holdings 15 stocks · $149.1M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 TAL Tal Education Group- ADR 1,972,631 $26.1M Reduce -20.2% TSM Taiwan Semiconductor-SP ADR 131,796 $21.9M Add +144.1% BABA Alibaba Group Holding-SP ADR 112,894 $14.9M New AS Amer Sports Inc. 550,353 $14.7M Add +36.1% LX Lexinfintech Holdings L-ADR 1,304,556 $13.2M New TCOM Trip.com Group Ltd.-ADR 199,744 $12.7M New VNET Vnet Group Inc.-ADR 1,387,383 $11.4M Add +133.0% AMD Advanced Micro Devices 85,200 $8.8M New ROOT Root Inc./Oh Class A 46,315 $6.2M New GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 188,137 $4.8M Reduce -31.2% CYD China Yuchai Intl Ltd. 234,771 $4.0M New ATAT Atour Lifestyle Holdings-ADR 125,134 $3.5M Add +16.6% QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC 58,707 $2.6M Reduce -52.9% HOOD Robinhood Markets Inc. Class A 56,952 $2.4M New RDDT Reddit Inc. Class A 19,350 $2.0M Reduce -47.7%
Options reported separately and not counted above: INTC calls ($561K).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ IBIT iShares Bitcoin Trust ETF Sold out 0.00% −13.84 TSLA Tesla Inc. Sold out 0.00% −8.34 CRM Salesforce Inc. Sold out 0.00% −7.13 ETHA iShares Ethereum Trust ETF Sold out 0.00% −6.26 META Meta Platforms Inc. Class A Sold out 0.00% −5.47 MRVL Marvell Technology Inc. Sold out 0.00% −4.76 PDD PDD Holdings Inc. Sold out 0.00% −4.40 SNOW Snowflake Inc. Sold out 0.00% −2.98 CNDT Conduent Inc. Sold out 0.00% −2.67 HIMS Hims & Hers Health Inc. Sold out 0.00% −2.35 BTDR Bitdeer Technologies Group-A Sold out 0.00% −1.81 RDDT Reddit Inc. Class A Reduce -47.7% 1.36% −1.71 TWLO Twilio Inc. Class A Sold out 0.00% −1.48 BE Bloom Energy Corp. Class A Sold out 0.00% −1.43 HUYA Huya Inc.-ADR Sold out 0.00% −1.09 QFIN Qfin Holdings Inc.-ADR Reduce -52.9% 1.77% −0.66 ZETA Zeta Global Holdings Corp. Class A Sold out 0.00% −0.58 GDS GDS Holdings Ltd. - ADR Reduce -31.2% 3.20% −0.10 TAL Tal Education Group- ADR Reduce -20.2% 17.48% +4.91
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ BABA Alibaba Group Holding-SP ADR New 10.01% +10.01 TSM Taiwan Semiconductor-SP ADR Add +144.1% 14.67% +9.26 LX Lexinfintech Holdings L-ADR New 8.83% +8.83 TCOM Trip.com Group Ltd.-ADR New 8.52% +8.52 VNET Vnet Group Inc.-ADR Add +133.0% 7.63% +6.20 AMD Advanced Micro Devices New 5.87% +5.87 ROOT Root Inc./Oh Class A New 4.15% +4.15 AS Amer Sports Inc. Add +36.1% 9.87% +4.13 CYD China Yuchai Intl Ltd. New 2.68% +2.68 HOOD Robinhood Markets Inc. Class A New 1.59% +1.59 ATAT Atour Lifestyle Holdings-ADR Add +16.6% 2.38% +0.92
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ INTC Intel Corp. call New 1,100,000 $561K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 17 $165.9M TSM, MU, LRCX, EDU, SNPS Q1 2026 31 $256.7M TSM, GOOG, SNPS, AXTI, TSLA Q4 2025 19 $209.6M SNPS, GOOG, NVDA, TSM, AVGO Q3 2025 17 $226.8M SNPS, BABA, PDD, EDU, TSM Q2 2025 25 $282.7M MRVL, TAL, SNPS, PDD, RBRK Q1 2025 15 $149.1M TAL, TSM, BABA, AS, LX Q4 2024 23 $197.0M IBIT, TAL, TSLA, CRM, ETHA Q3 2024 12 $171.2M PDD, TSLA, IBIT, TAL, AAPL Q2 2024 13 $217.0M PDD, NVDA, TSM, IBIT, NTES Q1 2024 11 $252.1M NVDA, MSFT, PDD, TSM, IBIT