Nan Fung Trinity (hk) Ltd.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 5, 2026), Nan Fung Trinity (hk) Ltd. reported 62 stock positions worth $910.6 million. Its top holding was Amcor (AMCR) at 4.9% of the portfolio, followed by PPG Industries (PPG, 4.7%) and KT Corp.-SP ADR (KT, 4.6%). Compared with Q4 2025, it opened 3 new positions, sold out of 19, added to 25 and reduced 7. The biggest buy was PPG Industries (PPG, shares +47%) and the biggest sale an exit from iShares MSCI South Korea ETF (EWY).
- Most Recent 13F
- Q2 2026
- Location
- CENTRAL, HONG KONG, K3
- CIK
- 0001781880
- Portfolio Value
- $910.6M (Q1 2026)
- SEC Filing
- 0001420506-26-000799 ↗ filed May 5, 2026
Holdings Value
Holdings 62 stocks · $910.6M
| AMCR Amcor PLC | 4.87% | 1,115,976 | $44.4M | Add +20.5% |
| PPG PPG Industries Inc. | 4.66% | 397,334 | $42.5M | Add +47.4% |
| KT KT Corp.-SP ADR | 4.59% | 1,950,140 | $41.8M | Add +30.7% |
| NVDA Nvidia Corp. | 4.41% | 230,140 | $40.1M | Add +18.2% |
| THD iShares MSCI Thailand ETF | 3.89% | 510,000 | $35.4M | Add +36.8% |
| EIDO iShares MSCI Indonesia ETF | 3.88% | 2,238,900 | $35.4M | Add +83.3% |
| AMX America Movil Sab DE CV | 3.70% | 1,322,800 | $33.7M | Reduce -7.8% |
| MBB iShares MBS ETF | 3.64% | 349,200 | $33.2M | No change |
| AMD Advanced Micro Devices | 3.61% | 161,700 | $32.9M | No change |
| UNH Unitedhealth Group Inc. | 3.10% | 104,155 | $28.2M | Add +98.6% |
| APD Air Products & Chemicals Inc. | 3.08% | 96,680 | $28.1M | No change |
| IJH iShares Core S&P Midcap ETF | 2.66% | 359,000 | $24.2M | No change |
| HD Home Depot Inc. | 2.63% | 72,719 | $23.9M | Add +54.9% |
| MIRM Mirum Pharmaceuticals Inc. | 2.36% | 232,679 | $21.5M | Add +2.3% |
| JD Jd.com Inc.-ADR | 2.11% | 649,700 | $19.2M | No change |
| HON Honeywell International Inc. | 2.08% | 83,900 | $19.0M | No change |
| DHR Danaher Corp. | 2.05% | 98,600 | $18.7M | No change |
| PTGX Protagonist Therapeutics Inc. | 1.86% | 160,670 | $16.9M | Reduce -11.1% |
| BBIO Bridgebio Pharma Inc. | 1.79% | 219,215 | $16.3M | Add +99.1% |
| WBD Warner Bros Discovery Inc. | 1.74% | 575,744 | $15.8M | Add +15.8% |
| IMNM Immunome Inc. | 1.72% | 714,553 | $15.6M | No change |
| PDD PDD Holdings Inc. | 1.72% | 152,900 | $15.6M | Add +41.4% |
| XHB SS SPDR S&P Homebldrs ETF | 1.68% | 155,040 | $15.3M | No change |
| GEHC GE Healthcare Technology | 1.65% | 210,989 | $15.0M | Reduce -31.7% |
| OC Owens Corning | 1.62% | 136,024 | $14.7M | New |
| XENE Xenon Pharmaceuticals Inc. | 1.58% | 247,765 | $14.4M | Add +9.2% |
| ABVX Abivax SA-ADR | 1.58% | 128,940 | $14.4M | Add +13.7% |
| SRRK Scholar Rock Holding Corp. | 1.54% | 285,495 | $14.0M | Add +8.4% |
| MP MP Materials Corp. | 1.50% | 283,050 | $13.7M | No change |
| TRVI Trevi Therapeutics Inc. | 1.50% | 1,142,950 | $13.6M | Add +24.6% |
| PINS Pinterest Inc. Class A | 1.33% | 658,700 | $12.1M | New |
| CELC Celcuity Inc. | 1.30% | 103,775 | $11.8M | Add +28.5% |
| TGT Target Corp. | 1.29% | 96,778 | $11.7M | Add +10.9% |
| ARE Alexandria Real Estate Equit | 1.22% | 238,981 | $11.1M | No change |
| MCHP Microchip Technology Inc. | 1.21% | 170,600 | $11.0M | New |
| SVRA Savara Inc. | 1.10% | 1,842,350 | $10.1M | Add +9.1% |
| ORCL Oracle Corp. | 1.06% | 65,600 | $9.7M | No change |
| AKR Acadia Realty Trust | 0.96% | 458,100 | $8.8M | No change |
| META Meta Platforms Inc. Class A | 0.95% | 15,200 | $8.7M | No change |
| KURA Kura Oncology Inc. | 0.95% | 1,064,880 | $8.7M | Add +10.4% |
| BCAX Bicara Therapeutics Inc. | 0.93% | 427,885 | $8.5M | Add +14.9% |
| PCVX Vaxcyte Inc. | 0.78% | 122,930 | $7.1M | Reduce -14.0% |
| FRT Federal Realty Invs Trust | 0.75% | 64,000 | $6.8M | No change |
| ZLAB Zai Lab Ltd.-ADR | 0.72% | 346,466 | $6.5M | Add +28.3% |
| BXP BXP Inc. | 0.69% | 121,924 | $6.3M | No change |
| KRC Kilroy Realty Corp. | 0.65% | 210,800 | $5.9M | No change |
| SLG SL Green Realty Corp. | 0.55% | 135,823 | $5.0M | No change |
| ABEO Abeona Therapeutics Inc. | 0.47% | 956,770 | $4.3M | No change |
| SLNO Soleno Therapeutics Inc. | 0.46% | 126,050 | $4.2M | Add +1.8% |
| ESRT Empire State Realty Trust-A | 0.46% | 801,300 | $4.2M | No change |
| VNO Vornado Realty Trust | 0.41% | 143,800 | $3.7M | No change |
| IDV iShares International Select | 0.36% | 77,800 | $3.3M | Add +45.4% |
| KALV Kalvista Pharmaceuticals Inc. | 0.34% | 154,522 | $3.1M | No change |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.34% | 67,500 | $3.1M | Add +48.0% |
| CLYM Climb Bio Inc. | 0.32% | 420,517 | $2.9M | Reduce -9.3% |
| AVTX Avalo Therapeutics Inc. | 0.31% | 189,000 | $2.8M | No change |
| JOYY Joyy Inc.-ADR | 0.30% | 46,930 | $2.7M | Reduce -83.1% |
| DOC Healthpeak Properties Inc. | 0.30% | 165,064 | $2.7M | No change |
| GERN Geron Corp. | 0.22% | 1,373,550 | $2.0M | No change |
| QURE Uniqure NV | 0.21% | 115,494 | $1.9M | No change |
| REPL Replimune Group Inc. | 0.16% | 196,327 | $1.5M | Reduce -65.9% |
| DBVT DBV Technologies SA-Spon ADR | 0.09% | 37,095 | $775K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| EWY iShares MSCI South Korea ETF | Sold out | 0.00% | −7.09 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −5.05 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −3.34 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −2.83 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −2.50 |
| INTU Intuit Inc. | Sold out | 0.00% | −2.05 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −1.95 |
| Z Zillow Group Inc. Class C | Sold out | 0.00% | −1.69 |
| DOW Dow Inc. | Sold out | 0.00% | −1.42 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −1.38 |
| CDTX Cidara Therapeutics Inc. | Sold out | 0.00% | −1.35 |
| BRKR Bruker Corp. | Sold out | 0.00% | −1.33 |
| BZ Kanzhun Ltd. - ADR | Sold out | 0.00% | −1.31 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −1.29 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −1.22 |
| JOYY Joyy Inc.-ADR | Reduce -83.1% | 0.30% | −1.12 |
| INTC Intel Corp. | Sold out | 0.00% | −1.12 |
| GEHC GE Healthcare Technology | Reduce -31.7% | 1.65% | −0.36 |
| BAH Booz Allen Hamilton Holdings | Sold out | 0.00% | −0.33 |
| REPL Replimune Group Inc. | Reduce -65.9% | 0.16% | −0.28 |
| RXRX Recursion Pharmaceuticals-A | Sold out | 0.00% | −0.02 |
| ALXO Alx Oncology Holdings Inc. | Sold out | 0.00% | −0.00 |
| CLYM Climb Bio Inc. | Reduce -9.3% | 0.32% | +0.17 |
| PCVX Vaxcyte Inc. | Reduce -14.0% | 0.78% | +0.26 |
| PTGX Protagonist Therapeutics Inc. | Reduce -11.1% | 1.86% | +0.61 |
| AMX America Movil Sab DE CV | Reduce -7.8% | 3.70% | +1.35 |
Portfolio Buys Q4 2025 → Q1 2026
| PPG PPG Industries Inc. | Add +47.4% | 4.66% | +2.48 |
| KT KT Corp.-SP ADR | Add +30.7% | 4.59% | +2.35 |
| THD iShares MSCI Thailand ETF | Add +36.8% | 3.89% | +2.12 |
| EIDO iShares MSCI Indonesia ETF | Add +83.3% | 3.88% | +2.07 |
| AMCR Amcor PLC | Add +20.5% | 4.87% | +1.81 |
| UNH Unitedhealth Group Inc. | Add +98.6% | 3.10% | +1.72 |
| OC Owens Corning | New | 1.62% | +1.62 |
| NVDA Nvidia Corp. | Add +18.2% | 4.41% | +1.53 |
| HD Home Depot Inc. | Add +54.9% | 2.63% | +1.35 |
| PINS Pinterest Inc. Class A | New | 1.33% | +1.33 |
| MCHP Microchip Technology Inc. | New | 1.21% | +1.21 |
| BBIO Bridgebio Pharma Inc. | Add +99.1% | 1.79% | +1.12 |
| MIRM Mirum Pharmaceuticals Inc. | Add +2.3% | 2.36% | +0.94 |
| XENE Xenon Pharmaceuticals Inc. | Add +9.2% | 1.58% | +0.78 |
| PDD PDD Holdings Inc. | Add +41.4% | 1.72% | +0.74 |
| CELC Celcuity Inc. | Add +28.5% | 1.30% | +0.66 |
| SRRK Scholar Rock Holding Corp. | Add +8.4% | 1.54% | +0.62 |
| TGT Target Corp. | Add +10.9% | 1.29% | +0.61 |
| WBD Warner Bros Discovery Inc. | Add +15.8% | 1.74% | +0.60 |
| TRVI Trevi Therapeutics Inc. | Add +24.6% | 1.50% | +0.59 |
| BCAX Bicara Therapeutics Inc. | Add +14.9% | 0.93% | +0.44 |
| ABVX Abivax SA-ADR | Add +13.7% | 1.58% | +0.37 |
| ZLAB Zai Lab Ltd.-ADR | Add +28.3% | 0.72% | +0.34 |
| SVRA Savara Inc. | Add +9.1% | 1.10% | +0.30 |
| IDV iShares International Select | Add +45.4% | 0.36% | +0.20 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Add +48.0% | 0.34% | +0.18 |
| KURA Kura Oncology Inc. | Add +10.4% | 0.95% | +0.16 |
| SLNO Soleno Therapeutics Inc. | Add +1.8% | 0.46% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 55 | $1.0B | AMD, AMCR, PPG, GEHC, NVDA |
| Q1 2026 | 62 | $910.6M | AMCR, PPG, KT, NVDA, THD |
| Q4 2025 | 78 | $1.3B | EWY, EWZ, AMZN, AMCR, NVDA |
| Q3 2025 | 71 | $1.0B | EWY, EWZ, AMCR, AMZN, KRE |
| Q2 2025 | 59 | $835.8M | EWY, BIDU, AMCR, KRE, PPG |
| Q1 2025 | 39 | $630.5M | EWY, BIDU, EWW, AMCR, KRE |
| Q4 2024 | 30 | $489.7M | BIDU, EWY, EMLC, AMCR, T |
| Q3 2024 | 24 | $498.4M | BIDU, EMLC, EWY, Z, T |
| Q2 2024 | 22 | $437.9M | BIDU, EMLC, THD, Z, AMCR |
| Q1 2024 | 26 | $432.4M | BIDU, EMLC, THD, KWEB, IQ |