MY.Alpha Management HK Advisors Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed March 10, 2026), MY.Alpha Management HK Advisors Ltd reported 10 stock positions worth $186.4 million. Its top holding was Futu Holdings Ltd.-ADR (FUTU) at 22.0% of the portfolio, followed by Joyy Inc.-ADR (JOYY, 15.7%) and Sandisk (SNDK, 13.7%). Compared with Q3 2025, it opened 5 new positions, sold out of 6, added to 3 and reduced 2. The biggest buy was a new position in Sandisk (SNDK) and the biggest sale an exit from Zeekr Intelligent Techno-ADR (ZK).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001910173
- Portfolio Value
- $186.4M (Q4 2025)
- SEC Filing
- 0001910173-26-000004 ↗ filed Mar 10, 2026
Holdings Value
Holdings 10 stocks · $186.4M
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 21.97% | 249,369 | $40.9M | Add +47.9% |
| JOYY Joyy Inc.-ADR | 15.70% | 451,904 | $29.3M | Add +27.9% |
| SNDK Sandisk Corp. | 13.70% | 107,560 | $25.5M | New |
| TSM Taiwan Semiconductor-SP ADR | 9.08% | 55,691 | $16.9M | Add +4.2% |
| BILI Bilibili Inc.-Sponsored ADR | 8.92% | 675,896 | $16.6M | New |
| PDD PDD Holdings Inc. | 8.84% | 145,263 | $16.5M | New |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 8.50% | 454,171 | $15.9M | Reduce -13.8% |
| NTES Netease Inc.-ADR | 6.49% | 87,871 | $12.1M | New |
| SE Sea Ltd.-ADR | 4.58% | 67,000 | $8.5M | New |
| ACMR Acm Research Inc. Class A | 2.23% | 105,605 | $4.2M | Reduce -70.7% |
Portfolio Sells Q3 2025 → Q4 2025
| ZK Zeekr Intelligent Techno-ADR | Sold out | 0.00% | −14.68 |
| ACMR Acm Research Inc. Class A | Reduce -70.7% | 2.23% | −6.89 |
| QFIN Qfin Holdings Inc.-ADR | Sold out | 0.00% | −6.64 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −6.44 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −5.46 |
| GDS GDS Holdings Ltd. - ADR | Reduce -13.8% | 8.50% | −4.69 |
| WRD Weride Inc.-ADR | Sold out | 0.00% | −2.28 |
| RBOT Vicarious Surgical Inc. Class A | Sold out | 0.00% | −0.12 |
Portfolio Buys Q3 2025 → Q4 2025
| SNDK Sandisk Corp. | New | 13.70% | +13.70 |
| BILI Bilibili Inc.-Sponsored ADR | New | 8.92% | +8.92 |
| PDD PDD Holdings Inc. | New | 8.84% | +8.84 |
| NTES Netease Inc.-ADR | New | 6.49% | +6.49 |
| SE Sea Ltd.-ADR | New | 4.58% | +4.58 |
| FUTU Futu Holdings Ltd.-ADR | Add +47.9% | 21.97% | +2.99 |
| JOYY Joyy Inc.-ADR | Add +27.9% | 15.70% | +2.30 |
| TSM Taiwan Semiconductor-SP ADR | Add +4.2% | 9.08% | −0.59 |
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 |