Panview Capital Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Panview Capital Ltd reported 9 stock positions worth $314.3 million. Its top holding was AppLovin Class A (APP) at 28.4% of the portfolio, followed by Vaneck Junior Gold Miners (GDXJ, 13.9%) and Vaneck Gold Miners ETF (GDX, 12.7%). Compared with Q1 2025, it opened 1 new position, added to 4 and reduced 4. The biggest buy was Qfin Holdings Inc.-ADR (QFIN, shares +65%) and the biggest sale Deckers Outdoor (DECK, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0002035224
- Portfolio Value
- $314.3M (Q2 2025)
- SEC Filing
- 0002035224-25-000019 ↗ filed Aug 7, 2025
Holdings Value
Holdings 9 stocks · $314.3M
| APP AppLovin Corp. Class A | 28.43% | 255,218 | $89.3M | Reduce -2.7% |
| GDXJ Vaneck Junior Gold Miners | 13.94% | 648,200 | $43.8M | Add +5.9% |
| GDX Vaneck Gold Miners ETF | 12.73% | 768,300 | $40.0M | Reduce -1.0% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 12.67% | 918,316 | $39.8M | Add +65.5% |
| GOOG Alphabet Inc. Class C | 9.75% | 172,774 | $30.6M | Reduce -22.4% |
| PDD PDD Holdings Inc. | 7.72% | 231,700 | $24.2M | Add +44.2% |
| DECK Deckers Outdoor Corp. | 6.82% | 207,900 | $21.4M | Reduce -19.7% |
| CVE Cenovus Energy Inc. | 5.86% | 1,355,000 | $18.4M | Add +16.3% |
| VAL Valaris Ltd. | 2.08% | 155,000 | $6.5M | New |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 14 | $568.0M | APP, CRWV, NOK, NVDA, GDX |
| Q1 2026 | 12 | $467.2M | APP, CRWV, NVDA, NOK, GDX |
| Q4 2025 | 9 | $278.5M | APP, GDX, GDXJ, VEON, EQT |
| Q3 2025 | 9 | $235.1M | APP, GDXJ, GDX, VEON, PDD |
| Q2 2025 | 9 | $314.3M | APP, GDXJ, GDX, QFIN, GOOG |
| Q1 2025 | 8 | $264.1M | APP, GDX, GDXJ, GOOG, DECK |
| Q4 2024 | 10 | $468.8M | APP, DECK, GOOG, GDXJ, GDX |