MY.Alpha Management HK Advisors Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), MY.Alpha Management HK Advisors Ltd reported 11 stock positions worth $154.5 million. Its top holding was Futu Holdings Ltd.-ADR (FUTU) at 19.0% of the portfolio, followed by Zeekr Intelligent Techno-ADR (ZK, 14.7%) and Joyy Inc.-ADR (JOYY, 13.4%). Compared with Q2 2025, it opened 3 new positions, sold out of 7, added to 5 and reduced 3. The biggest buy was Futu Holdings Ltd.-ADR (FUTU, shares +220%) and the biggest sale Taiwan Semiconductor-SP ADR (TSM, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001910173
- Portfolio Value
- $154.5M (Q3 2025)
- SEC Filing
- 0001910173-25-000010 ↗ filed Nov 13, 2025
Holdings Value
Holdings 11 stocks · $154.5M
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 18.98% | 168,570 | $29.3M | Add +219.9% |
| ZK Zeekr Intelligent Techno-ADR | 14.68% | 743,927 | $22.7M | Add +20.6% |
| JOYY Joyy Inc.-ADR | 13.40% | 353,204 | $20.7M | Add +0.3% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 13.20% | 526,703 | $20.4M | Add +12.8% |
| TSM Taiwan Semiconductor-SP ADR | 9.67% | 53,463 | $14.9M | Reduce -50.7% |
| ACMR Acm Research Inc. Class A | 9.13% | 360,237 | $14.1M | New |
| QFIN Qfin Holdings Inc.-ADR | 6.64% | 356,160 | $10.3M | Add +17.1% |
| BIDU Baidu Inc. - Spon ADR | 6.44% | 75,500 | $9.9M | New |
| BABA Alibaba Group Holding-SP ADR | 5.46% | 47,200 | $8.4M | New |
| WRD Weride Inc.-ADR | 2.28% | 356,154 | $3.5M | Reduce -56.0% |
| RBOT Vicarious Surgical Inc. Class A | 0.12% | 34,390 | $189K | Reduce -75.8% |
Portfolio Sells Q2 2025 → Q3 2025
| TSM Taiwan Semiconductor-SP ADR | Reduce -50.7% | 9.67% | −8.55 |
| HSAI Hesai Group | Sold out | 0.00% | −6.96 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −4.85 |
| EDU New Oriental Educatio-SP ADR | Sold out | 0.00% | −4.77 |
| ZH Zhihu Inc. - ADR | Sold out | 0.00% | −4.03 |
| CHA Chagee Holdings Ltd.-ADR | Sold out | 0.00% | −3.44 |
| WRD Weride Inc.-ADR | Reduce -56.0% | 2.28% | −2.45 |
| API Agora Inc.-ADR | Sold out | 0.00% | −2.00 |
| RBOT Vicarious Surgical Inc. Class A | Reduce -75.8% | 0.12% | −0.67 |
| PONY Pony AI Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| FUTU Futu Holdings Ltd.-ADR | Add +219.9% | 18.98% | +14.15 |
| ACMR Acm Research Inc. Class A | New | 9.13% | +9.13 |
| BIDU Baidu Inc. - Spon ADR | New | 6.44% | +6.44 |
| BABA Alibaba Group Holding-SP ADR | New | 5.46% | +5.46 |
| ZK Zeekr Intelligent Techno-ADR | Add +20.6% | 14.68% | +3.01 |
| GDS GDS Holdings Ltd. - ADR | Add +12.8% | 13.20% | +2.60 |
| JOYY Joyy Inc.-ADR | Add +0.3% | 13.40% | +0.10 |
| QFIN Qfin Holdings Inc.-ADR | Add +17.1% | 6.64% | −3.15 |
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 |