MY.Alpha Management HK Advisors Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), MY.Alpha Management HK Advisors Ltd reported 15 stock positions worth $134.7 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 18.2% of the portfolio, followed by Joyy Inc.-ADR (JOYY, 13.3%) and Zeekr Intelligent Techno-ADR (ZK, 11.7%). Compared with Q1 2025, it opened 7 new positions, sold out of 10, added to 4 and reduced 4. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +63%) and the biggest sale an exit from Tal Education Group- ADR (TAL).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001910173
- Portfolio Value
- $134.7M (Q2 2025)
- SEC Filing
- 0001910173-25-000005 ↗ filed Aug 13, 2025
Holdings Value
Holdings 15 stocks · $134.7M
| TSM Taiwan Semiconductor-SP ADR | 18.22% | 108,395 | $24.6M | Add +63.5% |
| JOYY Joyy Inc.-ADR | 13.30% | 351,957 | $17.9M | Add +176.2% |
| ZK Zeekr Intelligent Techno-ADR | 11.67% | 616,865 | $15.7M | New |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 10.59% | 466,900 | $14.3M | New |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 9.79% | 304,238 | $13.2M | Add +7.1% |
| HSAI Hesai Group | 6.96% | 427,495 | $9.4M | Add +83.3% |
| AZEK The Azek Co. Inc. | 4.85% | 120,188 | $6.5M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 4.83% | 52,700 | $6.5M | Reduce -75.5% |
| EDU New Oriental Educatio-SP ADR | 4.77% | 119,200 | $6.4M | New |
| WRD Weride Inc.-ADR | 4.73% | 808,842 | $6.4M | New |
| ZH Zhihu Inc. - ADR | 4.03% | 1,363,455 | $5.4M | Reduce -19.5% |
| CHA Chagee Holdings Ltd.-ADR | 3.44% | 177,416 | $4.6M | New |
| API Agora Inc.-ADR | 2.00% | 708,822 | $2.7M | Reduce -39.6% |
| RBOT Vicarious Surgical Inc. Class A | 0.79% | 141,888 | $1.1M | Reduce -10.2% |
| PONY Pony AI Inc. | 0.02% | 1,800 | $24K | New |
Portfolio Sells Q1 2025 → Q2 2025
| TAL Tal Education Group- ADR | Sold out | 0.00% | −17.97 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −11.03 |
| X United States Steel Corp. | Sold out | 0.00% | −8.74 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −6.18 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -75.5% | 4.83% | −6.13 |
| VNET Vnet Group Inc.-ADR | Sold out | 0.00% | −5.46 |
| LX Lexinfintech Holdings L-ADR | Sold out | 0.00% | −4.72 |
| ZLAB Zai Lab Ltd.-ADR | Sold out | 0.00% | −4.30 |
| NBIS Nebius Group NV | Sold out | 0.00% | −3.25 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −2.83 |
| TSLA Tesla Inc. | Sold out | 0.00% | −1.90 |
| API Agora Inc.-ADR | Reduce -39.6% | 2.00% | −0.34 |
| RBOT Vicarious Surgical Inc. Class A | Reduce -10.2% | 0.79% | +0.27 |
| ZH Zhihu Inc. - ADR | Reduce -19.5% | 4.03% | +0.43 |
Portfolio Buys Q1 2025 → Q2 2025
| TSM Taiwan Semiconductor-SP ADR | Add +63.5% | 18.22% | +12.75 |
| ZK Zeekr Intelligent Techno-ADR | New | 11.67% | +11.67 |
| JOYY Joyy Inc.-ADR | Add +176.2% | 13.30% | +10.64 |
| GDS GDS Holdings Ltd. - ADR | New | 10.59% | +10.59 |
| HSAI Hesai Group | Add +83.3% | 6.96% | +5.25 |
| AZEK The Azek Co. Inc. | New | 4.85% | +4.85 |
| EDU New Oriental Educatio-SP ADR | New | 4.77% | +4.77 |
| WRD Weride Inc.-ADR | New | 4.73% | +4.73 |
| QFIN Qfin Holdings Inc.-ADR | Add +7.1% | 9.79% | +3.44 |
| CHA Chagee Holdings Ltd.-ADR | New | 3.44% | +3.44 |
| PONY Pony AI Inc. | New | 0.02% | +0.02 |
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 |