OLP CAPITAL MANAGEMENT Ltd

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 19, 2026), OLP CAPITAL MANAGEMENT Ltd reported 5 stock positions worth $482.4 million. Its top holding was Atour Lifestyle Holdings-ADR (ATAT) at 61.9% of the portfolio, followed by Full Truck Alliance -SPN ADR (YMM, 23.7%) and Huya Inc.-ADR (HUYA, 6.3%). Compared with Q4 2025, it opened 3 new positions, sold out of 1 and reduced 2. The biggest buy was a new position in Huya Inc.-ADR (HUYA) and the biggest sale Full Truck Alliance -SPN ADR (YMM, shares −8%).

Most Recent 13F
Q2 2026
Location
CAUSEWAY BAY, K3
CIK
0001738126
Portfolio Value
$482.4M (Q1 2026)
SEC Filing
0001738126-26-000005 ↗ filed May 19, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $623.7M Q1 2024 Q2 2024: $667.9M Q2 2024 Q3 2024: $669.3M Q3 2024 Q4 2024: $790.3M Q4 2024 Q1 2025: $770.4M Q1 2025 Q2 2025: $773.4M Q2 2025 Q3 2025: $566.8M Q3 2025 Q4 2025: $513.2M Q4 2025 Q1 2026: $482.4M $482.4M Q1 2026 Q2 2026: $400.0M Q2 2026

Holdings 5 stocks · $482.4M
ATAT Atour Lifestyle Holdings-ADR 61.88% 8,109,037 $298.5M Reduce -6.3%
YMM Full Truck Alliance -SPN ADR 23.69% 13,767,769 $114.3M Reduce -8.3%
HUYA Huya Inc.-ADR 6.25% 9,141,109 $30.2M New
RLX RLX Technology Inc.-ADR 6.01% 13,187,715 $29.0M New
PURR Hyperliquid Strategies 2.17% 2,054,855 $10.5M New

Options reported separately and not counted above: EEM puts ($253.2M), INDA puts ($206.1M).

Portfolio Sells Q4 2025 → Q1 2026
YMM Full Truck Alliance -SPN ADR Reduce -8.3% 23.69% −7.69
ATAT Atour Lifestyle Holdings-ADR Reduce -6.3% 61.88% −4.59
JOYY Joyy Inc.-ADR Sold out 0.00% −2.16

Portfolio Buys Q4 2025 → Q1 2026
HUYA Huya Inc.-ADR New 6.25% +6.25
RLX RLX Technology Inc.-ADR New 6.01% +6.01
PURR Hyperliquid Strategies New 2.17% +2.17

Options Activity Q4 2025 → Q1 2026
EEM iShares MSCI Emerging Market put New 4,457,700 $253.2M
INDA iShares MSCI India ETF put New 4,400,000 $206.1M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 6$400.0MATAT, YMM, RLX, HUYA, PSIX
Q1 2026Amended 5$482.4MATAT, YMM, HUYA, RLX, PURR
Q4 2025 3$513.2MATAT, YMM, JOYY
Q3 2025 5$566.8MATAT, QFIN, YMM, JOYY, YALA
Q2 2025 4$773.4MQFIN, ATAT, YMM, JOYY
Q1 2025 4$770.4MQFIN, ATAT, YMM, JOYY
Q4 2024 7$790.3MQFIN, ATAT, YMM, EDU, JOYY
Q3 2024 6$669.3MQFIN, ATAT, YMM, TME, EDU
Q2 2024 5$667.9MPDD, QFIN, NTES, YMM, ATAT
Q1 2024 4$623.7MPDD, QFIN, NTES, ATAT