In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), OPTIMAS CAPITAL Ltd reported 14 stock positions worth $54.7 million . Its top holding was PDD (PDD) at 24.9% of the portfolio, followed by Corning (GLW, 9.5% ) and Netease Inc.-ADR (NTES, 7.7% ). Compared with Q3 2025, it opened 7 new positions, sold out of 22, added to 1 and reduced 5. The biggest buy was PDD (PDD, shares +269% ) and the biggest sale an exit from Las Vegas Sands (LVS).
Location CENTRAL, K3
CIK 0001750585
Portfolio Value $54.7M (Q4 2025) Holdings 14 stocks · $54.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2025 PDD PDD Holdings Inc. 120,256 $13.6M Add +269.5% GLW Corning Inc. 59,100 $5.2M New NTES Netease Inc.-ADR 30,477 $4.2M Reduce -50.9% GOOGL Alphabet Inc. Class A 13,200 $4.1M New ZTO Zto Express Cayman Inc.-ADR 191,700 $4.0M New BZ Kanzhun Ltd. - ADR 193,200 $3.9M New META Meta Platforms Inc. Class A 5,678 $3.7M Reduce -28.1% BABA Alibaba Group Holding-SP ADR 25,400 $3.7M Reduce -76.4% BIDU Baidu Inc. - Spon ADR 26,400 $3.4M No change AVGO Broadcom Inc. 7,360 $2.5M New AMD Advanced Micro Devices 9,300 $2.0M New IBN Icici Bank Ltd.-Spon ADR 55,000 $1.6M New SPOT Spotify Technology SA 2,560 $1.5M Reduce -47.8% JOYY Joyy Inc.-ADR 16,600 $1.1M Reduce -74.3%
Options reported separately and not counted above: TSM calls ($18.3M), LVS calls ($17.1M).
Portfolio Sells Q3 2025 → Q4 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▲ LVS Las Vegas Sands Corp. Sold out 0.00% −9.46 BMY Bristol-Myers Squibb Co. Sold out 0.00% −7.29 MRK Merck & Co. Inc. Sold out 0.00% −6.49 TME Tencent Music Entertainm-ADR Sold out 0.00% −5.79 BABA Alibaba Group Holding-SP ADR Reduce -76.4% 6.80% −5.37 MFC Manulife Financial Corp. Sold out 0.00% −5.07 WYNN WYNN Resorts Ltd. Sold out 0.00% −4.99 NVDA Nvidia Corp. Sold out 0.00% −4.45 YMM Full Truck Alliance -SPN ADR Sold out 0.00% −4.08 PFE Pfizer Inc. Sold out 0.00% −3.56 IQV Iqvia Holdings Inc. Sold out 0.00% −2.53 NFLX Netflix Inc. Sold out 0.00% −2.43 AAPL Apple Inc. Sold out 0.00% −1.90 TER Teradyne Inc. Sold out 0.00% −1.59 MSFT Microsoft Corp. Sold out 0.00% −1.47 NKE Nike Inc. Class B Sold out 0.00% −1.36 LRCX Lam Research Corp. Sold out 0.00% −1.29 EDU New Oriental Educatio-SP ADR Sold out 0.00% −1.25 EA Electronic Arts Inc. Sold out 0.00% −1.15 MRVL Marvell Technology Inc. Sold out 0.00% −0.71 TAL Tal Education Group- ADR Sold out 0.00% −0.66 MMYT Makemytrip Ltd. Sold out 0.00% −0.60 LX Lexinfintech Holdings L-ADR Sold out 0.00% −0.59 JOYY Joyy Inc.-ADR Reduce -74.3% 1.96% −0.43 SPOT Spotify Technology SA Reduce -47.8% 2.72% +0.55 NTES Netease Inc.-ADR Reduce -50.9% 7.66% +1.69 META Meta Platforms Inc. Class A Reduce -28.1% 6.85% +3.18
Portfolio Buys Q3 2025 → Q4 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▼ PDD PDD Holdings Inc. Add +269.5% 24.91% +22.19 GLW Corning Inc. New 9.45% +9.45 GOOGL Alphabet Inc. Class A New 7.55% +7.55 ZTO Zto Express Cayman Inc.-ADR New 7.32% +7.32 BZ Kanzhun Ltd. - ADR New 7.19% +7.19 AVGO Broadcom Inc. New 4.65% +4.65 AMD Advanced Micro Devices New 3.64% +3.64 IBN Icici Bank Ltd.-Spon ADR New 2.99% +2.99
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ TSM Taiwan Semiconductor-SP ADR call New 60,300 $18.3M LVS Las Vegas Sands Corp. call New 262,500 $17.1M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 14 $65.0M NTES, AMD, KRE, COF, IBM Q1 2026 11 $44.5M BIDU, META, LVS, PFE, PDD Q4 2025 14 $54.7M PDD, GLW, NTES, GOOGL, ZTO Q3 2025 29 $158.1M BABA, LVS, BMY, MRK, NTES Q2 2025 19 $94.8M NVDA, AAPL, LVS, JPM, AMD Q1 2025 15 $58.9M BABA, MFC, JPM, NTES, WFC Q4 2024 25 $74.1M JD, MFC, NTES, AS, SE Q3 2024 24 $105.5M BABA, JD, KKR, MFC, PGR Q2 2024 22 $88.0M MRK, LLY, EIDO, NVDA, OWL Q1 2024 27 $114.4M NVDA, LLY, JPM, MRK, OWL