MY.Alpha Management HK Advisors Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), MY.Alpha Management HK Advisors Ltd reported 17 stock positions worth $227.5 million. Its top holding was United States Steel (X) at 13.8% of the portfolio, followed by Joyy Inc.-ADR (JOYY, 10.6%) and Taiwan Semiconductor-SP ADR (TSM, 9.0%). Compared with Q3 2024, it opened 8 new positions, sold out of 5, added to 3 and reduced 5. The biggest buy was a new position in Qfin Holdings Inc.-ADR (QFIN) and the biggest sale an exit from Iqiyi.
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001910173
- Portfolio Value
- $227.5M (Q4 2024)
- SEC Filing
- 0001910173-25-000002 ↗ filed Feb 14, 2025
Holdings Value
Holdings 17 stocks · $227.5M
| X United States Steel Corp. | 13.78% | 921,926 | $31.3M | Reduce -5.6% |
| JOYY Joyy Inc.-ADR | 10.58% | 575,318 | $24.1M | Add +23.3% |
| TSM Taiwan Semiconductor-SP ADR | 9.03% | 103,980 | $20.5M | Add +109.9% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 8.64% | 245,654 | $19.6M | Reduce -34.5% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 7.82% | 463,593 | $17.8M | New |
| PDD PDD Holdings Inc. | 7.46% | 175,014 | $17.0M | Reduce -52.5% |
| VNET Vnet Group Inc.-ADR | 7.08% | 3,398,227 | $16.1M | Reduce -28.3% |
| TAL Tal Education Group- ADR | 6.67% | 1,515,272 | $15.2M | New |
| MNSO Miniso Group Holding Ltd.-ADR | 5.83% | 554,964 | $13.3M | Add +37.5% |
| NTES Netease Inc.-ADR | 4.89% | 124,730 | $11.1M | New |
| ALTM Arcadium Lithium PLC | 4.82% | 2,136,734 | $11.0M | New |
| TSLA Tesla Inc. | 3.70% | 20,816 | $8.4M | New |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 2.98% | 285,300 | $6.8M | New |
| NBIS Nebius Group NV | 2.22% | 182,579 | $5.1M | New |
| JD Jd.com Inc.-ADR | 2.10% | 137,600 | $4.8M | Reduce -66.6% |
| API Agora Inc.-ADR | 1.34% | 734,738 | $3.1M | New |
| RBOT Vicarious Surgical Inc. Class A | 1.06% | 182,435 | $2.4M | No change |
Portfolio Sells Q3 2024 → Q4 2024
| IQIYI INC | Sold out | 0.00% | −12.16 |
| PDD PDD Holdings Inc. | Reduce -52.5% | 7.46% | −10.26 |
| EDU New Oriental Educatio-SP ADR | Sold out | 0.00% | −6.44 |
| ONC Beone Medicines Ltd.-ADR | Sold out | 0.00% | −5.59 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −4.69 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -34.5% | 8.64% | −4.16 |
| JD Jd.com Inc.-ADR | Reduce -66.6% | 2.10% | −3.78 |
| BILIBILI INC (BILI 0.5 12/01/26) | Sold out | 0.00% | −3.53 |
| VNET Vnet Group Inc.-ADR | Reduce -28.3% | 7.08% | +0.19 |
| X United States Steel Corp. | Reduce -5.6% | 13.78% | +1.46 |
Portfolio Buys Q3 2024 → Q4 2024
| QFIN Qfin Holdings Inc.-ADR | New | 7.82% | +7.82 |
| TAL Tal Education Group- ADR | New | 6.67% | +6.67 |
| TSM Taiwan Semiconductor-SP ADR | Add +109.9% | 9.03% | +5.96 |
| NTES Netease Inc.-ADR | New | 4.89% | +4.89 |
| ALTM Arcadium Lithium PLC | New | 4.82% | +4.82 |
| JOYY Joyy Inc.-ADR | Add +23.3% | 10.58% | +4.55 |
| TSLA Tesla Inc. | New | 3.70% | +3.70 |
| MNSO Miniso Group Holding Ltd.-ADR | Add +37.5% | 5.83% | +3.30 |
| GDS GDS Holdings Ltd. - ADR | New | 2.98% | +2.98 |
| NBIS Nebius Group NV | New | 2.22% | +2.22 |
| API Agora Inc.-ADR | New | 1.34% | +1.34 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 9 | $259.6M | EWY, FUTU, JOYY, ACMR, GDS |
| Q1 2026 | 11 | $245.8M | FUTU, JOYY, GDS, PAYP, TSM |
| Q4 2025Amended | 10 | $186.4M | FUTU, JOYY, SNDK, TSM, BILI |
| Q3 2025 | 11 | $154.5M | FUTU, ZK, JOYY, GDS, TSM |
| Q2 2025 | 15 | $134.7M | TSM, JOYY, ZK, GDS, QFIN |
| Q1 2025 | 18 | $201.0M | TAL, PDD, FUTU, X, QFIN |
| Q4 2024 | 17 | $227.5M | X, JOYY, TSM, FUTU, QFIN |
| Q3 2024 | 14 | $280.3M | PDD, FUTU, X, IQIYI INC, VNET |
| Q2 2024 | 16 | $265.5M | X, PDD, IQIYI INC (IQ 6.5 03/15/28), EDU, FUTU |
| Q1 2024 | 15 | $266.5M | EDU, IQIYI INC (IQ 6.5 03/15/28), PDD, FUTU, NTES |