MY.Alpha Management HK Advisors Ltd

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), MY.Alpha Management HK Advisors Ltd reported 11 stock positions worth $245.8 million. Its top holding was Futu Holdings Ltd.-ADR (FUTU) at 19.0% of the portfolio, followed by Joyy Inc.-ADR (JOYY, 14.2%) and GDS Holdings Ltd. - ADR (GDS, 14.0%). Compared with Q4 2025, it opened 4 new positions, sold out of 3, added to 5 and reduced 2. The biggest buy was a new position in Paypay (PAYP) and the biggest sale Sandisk (SNDK, shares −43%).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001910173
Portfolio Value
$245.8M (Q1 2026)
SEC Filing
0001910173-26-000006 ↗ filed May 14, 2026

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $266.5M Q1 2024 Q2 2024: $265.5M Q2 2024 Q3 2024: $280.3M Q3 2024 Q4 2024: $227.5M Q4 2024 Q1 2025: $201.0M Q1 2025 Q2 2025: $134.7M Q2 2025 Q3 2025: $154.5M Q3 2025 Q4 2025: $186.4M Q4 2025 Q1 2026: $245.8M $245.8M Q1 2026 Q2 2026: $259.6M Q2 2026

Holdings 11 stocks · $245.8M
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 19.03% 342,069 $46.8M Add +37.2%
JOYY Joyy Inc.-ADR 14.19% 597,162 $34.9M Add +32.1%
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 13.98% 853,182 $34.4M Add +87.8%
PAYP Paypay Corp. 13.21% 1,521,400 $32.5M New
TSM Taiwan Semiconductor-SP ADR 11.71% 85,160 $28.8M Add +52.9%
NTES Netease Inc.-ADR 8.56% 187,971 $21.0M Add +113.9%
MU Micron Technology Inc. 6.73% 48,945 $16.5M New
BILI Bilibili Inc.-Sponsored ADR 3.88% 422,312 $9.5M Reduce -37.5%
PBR Petroleo Brasileiro-Spon ADR 3.67% 434,800 $9.0M New
BABA Alibaba Group Holding-SP ADR 2.97% 58,120 $7.3M New
SNDK Sandisk Corp. 2.08% 61,700 $5.1M Reduce -42.6%

Portfolio Sells Q4 2025 → Q1 2026
SNDK Sandisk Corp. Reduce -42.6% 2.08% −11.62
PDD PDD Holdings Inc. Sold out 0.00% −8.84
BILI Bilibili Inc.-Sponsored ADR Reduce -37.5% 3.88% −5.04
SE Sea Ltd.-ADR Sold out 0.00% −4.58
ACMR Acm Research Inc. Class A Sold out 0.00% −2.23

Portfolio Buys Q4 2025 → Q1 2026
PAYP Paypay Corp. New 13.21% +13.21
MU Micron Technology Inc. New 6.73% +6.73
GDS GDS Holdings Ltd. - ADR Add +87.8% 13.98% +5.48
PBR Petroleo Brasileiro-Spon ADR New 3.67% +3.67
BABA Alibaba Group Holding-SP ADR New 2.97% +2.97
TSM Taiwan Semiconductor-SP ADR Add +52.9% 11.71% +2.63
NTES Netease Inc.-ADR Add +113.9% 8.56% +2.07
JOYY Joyy Inc.-ADR Add +32.1% 14.19% −1.51
FUTU Futu Holdings Ltd.-ADR Add +37.2% 19.03% −2.93

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 9$259.6MEWY, FUTU, JOYY, ACMR, GDS
Q1 2026 11$245.8MFUTU, JOYY, GDS, PAYP, TSM
Q4 2025Amended 10$186.4MFUTU, JOYY, SNDK, TSM, BILI
Q3 2025 11$154.5MFUTU, ZK, JOYY, GDS, TSM
Q2 2025 15$134.7MTSM, JOYY, ZK, GDS, QFIN
Q1 2025 18$201.0MTAL, PDD, FUTU, X, QFIN
Q4 2024 17$227.5MX, JOYY, TSM, FUTU, QFIN
Q3 2024 14$280.3MPDD, FUTU, X, IQIYI INC, VNET
Q2 2024 16$265.5MX, PDD, IQIYI INC (IQ 6.5 03/15/28), EDU, FUTU
Q1 2024 15$266.5MEDU, IQIYI INC (IQ 6.5 03/15/28), PDD, FUTU, NTES