Panview Capital Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Panview Capital Ltd reported 9 stock positions worth $278.5 million. Its top holding was AppLovin Class A (APP) at 22.7% of the portfolio, followed by Vaneck Gold Miners ETF (GDX, 17.7%) and Vaneck Junior Gold Miners (GDXJ, 17.5%). Compared with Q3 2025, it opened 2 new positions, sold out of 2, added to 5 and reduced 2. The biggest buy was a new position in Makemytrip (MMYT) and the biggest sale Vaneck Junior Gold Miners (GDXJ, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0002035224
- Portfolio Value
- $278.5M (Q4 2025)
- SEC Filing
- 0002035224-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 9 stocks · $278.5M
| APP AppLovin Corp. Class A | 22.74% | 93,978 | $63.3M | Add +24.2% |
| GDX Vaneck Gold Miners ETF | 17.66% | 573,300 | $49.2M | Reduce -11.6% |
| GDXJ Vaneck Junior Gold Miners | 17.50% | 428,200 | $48.7M | Reduce -20.4% |
| VEON Veon Ltd. | 9.72% | 514,927 | $27.1M | Add +24.7% |
| EQT Eqt Corp. | 9.29% | 482,600 | $25.9M | Add +93.0% |
| DOLE Dole PLC | 7.71% | 1,431,975 | $21.5M | Add +104.6% |
| PDD PDD Holdings Inc. | 7.40% | 181,680 | $20.6M | Add +45.3% |
| MMYT Makemytrip Ltd. | 4.32% | 146,452 | $12.0M | New |
| TPR Tapestry Inc. | 3.67% | 80,000 | $10.2M | New |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 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 |