Pinpoint Asset Management Ltd

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Pinpoint Asset Management Ltd reported 106 stock positions worth $623.0 million. Its top holding was PDD (PDD) at 14.6% of the portfolio, followed by Full Truck Alliance -SPN ADR (YMM, 11.3%) and iShares Bitcoin Trust ETF (IBIT, 9.6%). Compared with Q4 2023, it opened 55 new positions, sold out of 22, added to 23 and reduced 17. The biggest buy was a new position in iShares Bitcoin Trust ETF (IBIT) and the biggest sale an exit from Nio Inc. (nio 0 02/01/26).

Most Recent 13F
Q1 2025
Location
HONG KONG, K3
CIK
0001803237
Portfolio Value
$623.0M (Q1 2024)
SEC Filing
0001803237-24-000002 ↗ filed May 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $623.0M $623.0M Q1 2024 Q2 2024: $709.7M Q2 2024 Q3 2024: $466.0M Q3 2024 Q4 2024: $564.2M Q4 2024 Q1 2025: $576.2M Q1 2025

Holdings 106 stocks · $623.0M
PDD PDD Holdings Inc. 14.64% 779,986 $91.2M Add +15.9%
YMM Full Truck Alliance -SPN ADR 11.34% 9,685,790 $70.6M Add +22.9%
IBIT iShares Bitcoin Trust ETF 9.64% 1,483,578 $60.0M New
EDU New Oriental Educatio-SP ADR 6.46% 422,477 $40.2M Reduce -12.0%
BILIBILI INC (BILI 0.5 12/01/26) 5.09% 33,048,000 $31.7M Add +9.5%
NVDA Nvidia Corp. 4.67% 32,185 $29.1M Add +14596.4%
MSFT Microsoft Corp. 4.52% 66,976 $28.2M Add +34.4%
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) 4.44% 28,330,000 $27.7M New
TSLA Tesla Inc. 3.19% 110,226 $19.9M Add +14.0%
TCOM Trip.com Group Ltd.-ADR 2.55% 362,031 $15.9M Add +473.8%
MMYT Makemytrip Ltd. 2.42% 211,796 $15.0M New
BILIBILI INC (BILI 1.375 04/01/26) 2.22% 13,800,000 $13.8M Add +245.0%
IQIYI INC (IQ 4 12/15/26) 1.73% 10,850,000 $10.8M Add +47.6%
FRO Frontline PLC 1.68% 446,718 $10.4M New
MU Micron Technology Inc. 1.38% 73,081 $8.6M Add +1884.3%
H WORLD GROUP LTD (HTHT 3 05/01/26) 1.30% 7,000,000 $8.1M Add +250.0%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 1.26% 550,677 $7.9M Add +32.6%
LI Li Auto Inc. - ADR 1.19% 245,119 $7.4M Add +589.8%
TME Tencent Music Entertainm-ADR 1.15% 637,955 $7.1M Reduce -57.4%
MICROSTRATEGY INC (MSTR 0 02/15/27) 1.10% 5,000,000 $6.8M No change
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 1.05% 121,178 $6.6M Add +6.6%
VIPS Vipshop Holdings Ltd. - ADR 0.90% 337,237 $5.6M Reduce -71.9%
LITE Lumentum Holdings Inc. 0.84% 109,903 $5.2M Reduce -43.6%
NVO Novo-Nordisk A/S-Spons ADR 0.76% 37,049 $4.8M New
MICROSTRATEGY INC (MSTR 0.75 12/15/25) 0.69% 1,000,000 $4.3M No change
ATAT Atour Lifestyle Holdings-ADR 0.63% 39,811 $3.9M Reduce -88.4%
PDD HOLDINGS INC (PDD 0 12/01/25) 0.62% 4,000,000 $3.9M No change
AMD Advanced Micro Devices 0.62% 17,071 $3.9M New
BSX Boston Scientific Corp. 0.58% 52,953 $3.6M New
NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD 0.55% 301,352 $3.4M No change
STNG Scorpio Tankers Inc. 0.48% 42,109 $3.0M New
IBN Icici Bank Ltd.-Spon ADR 0.47% 112,000 $3.0M Add +220.0%
AVGO Broadcom Inc. 0.47% 2,194 $2.9M New
ABT Abbott Laboratories 0.46% 24,998 $2.8M New
ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD 0.45% 5,300 $2.8M New
WIT Wipro Ltd.-ADR 0.44% 481,500 $2.8M Add +73.5%
JNJ Johnson & Johnson 0.44% 17,420 $2.8M New
VRTX Vertex Pharmaceuticals Inc. 0.44% 6,503 $2.7M New
MRK Merck & Co. Inc. 0.42% 19,683 $2.6M New
ECO Okeanis Eco Tankers Corp. 0.39% 80,944 $2.4M New
LLY Eli Lilly & Co. 0.37% 2,962 $2.3M New
TTE Totalenergies SE -Spon ADR 0.34% 30,885 $2.1M New
ABBV Abbvie Inc. 0.33% 11,260 $2.1M New
TAK Takeda Pharmaceutic-SP ADR 0.33% 147,600 $2.1M New
REGN Regeneron Pharmaceuticals 0.33% 2,111 $2.0M New
API Agora Inc.-ADR 0.31% 765,137 $1.9M Reduce -6.9%
ZTO Zto Express Cayman Inc.-ADR 0.30% 90,091 $1.9M No change
EW Edwards Lifesciences Corp. 0.25% 16,621 $1.6M New
BKNG Booking Holdings Inc. 0.25% 436 $1.6M New
TAL Tal Education Group- ADR 0.25% 135,101 $1.5M New
TUYA Tuya Inc. 0.21% 755,359 $1.3M Add +171.4%
LULU Lululemon Athletica Inc. 0.21% 1,997 $1.3M New
B Barrick Gold Corp. 0.19% 72,266 $1.2M New
WDS Woodside Energy Group-ADR 0.16% 50,954 $1.0M New
ERO Ero Copper Corp. 0.15% 48,131 $928K New
MCD McDonald's Corp. 0.14% 3,202 $903K New
LVS Las Vegas Sands Corp. 0.12% 14,706 $760K New
APH Amphenol Corp. Class A 0.11% 5,885 $679K New
HDB HDFC Bank Ltd.-ADR 0.10% 11,300 $632K New
MGM MGM Resorts International 0.10% 13,334 $629K New
RLX RLX Technology Inc.-ADR 0.10% 317,719 $610K No change
GOTU Gaotu Techedu Inc. 0.09% 25,160 $558K Reduce -87.1%
MRNA Moderna Inc. 0.08% 4,889 $521K New
DHR Danaher Corp. 0.08% 2,012 $502K New
JOYY INC (JOYY 1.375 06/15/26) 0.08% 500,000 $492K No change
ASML ASML Holding NV-NY Reg SHS 0.08% 500 $485K New
MLCO Melco Resorts & Entert-ADR 0.07% 64,473 $465K New
ZTS Zoetis Inc. 0.07% 2,742 $464K New
CHT Chunghwa Telecom LT-Spon ADR 0.07% 10,984 $430K New
DKNG Draftkings Inc. Class A 0.07% 9,217 $419K Reduce -21.2%
NTES Netease Inc.-ADR 0.06% 3,902 $404K Reduce -97.5%
WDC Western Digital Corp. 0.06% 5,520 $377K Add +20.0%
MOMO Hello Group Inc. -SPN ADR 0.06% 60,000 $373K Reduce -65.8%
DECK Deckers Outdoor Corp. 0.06% 395 $372K Add +14.8%
SIMO Silicon Motion Technol-ADR 0.06% 4,779 $368K New
AS Amer Sports Inc. 0.05% 18,686 $305K New
SMCI Super Micro Computer Inc. 0.04% 224 $279K Reduce -72.0%
CAMT Camtek Ltd. 0.04% 3,216 $269K New
QCOM Qualcomm Inc. 0.04% 1,411 $269K Add +101.6%
ATHM Autohome Inc.-ADR 0.04% 10,000 $262K New
MTSI Macom Technology Solutions H 0.04% 2,700 $258K New
ASND Ascendis Pharma A/S 0.04% 1,698 $257K New
ONTO Onto Innovation Inc. 0.04% 1,400 $254K New
VRT Vertiv Holdings Co. Class A 0.04% 3,073 $251K Reduce -38.5%
HPE Hewlett Packard Enterprise 0.04% 14,000 $248K New
JOYY Joyy Inc.-ADR 0.04% 7,770 $239K Add +38.8%
GAP The Gap Inc. 0.04% 8,503 $234K New
FLEX Flex Ltd. 0.04% 8,000 $229K Add +31.1%
DELL Dell Technologies -C 0.04% 2,000 $228K New
PVH PVH Corp. 0.03% 1,538 $216K New
CROX Crocs Inc. 0.03% 1,481 $213K New
RL Ralph Lauren Corp. 0.02% 555 $104K New
HELLO GROUP INC (MOMO 1.25 07/01/25) 0.01% 80,000 $80K No change
SEA LTD (SEALTD 2.375 12/01/25) 0.01% 55,000 $55K Reduce -94.8%
COHR Coherent Corp. 0.00% 394 $24K Add +775.6%
ACMR Acm Research Inc. Class A 0.00% 648 $19K New
TECK Teck Resources Ltd.-CLS B 0.00% 288 $13K Reduce -28.0%
HSAI Hesai Group 0.00% 1,707 $9K No change
AGI Alamos Gold Inc. Class A 0.00% 539 $8K Reduce -46.1%
MP MP Materials Corp. 0.00% 381 $5K Reduce -34.8%
LAKESHORE BIOPHARMA CO LTD filed as YS BIOPHARMA CO LTD 0.00% 50,000 $4K No change
AXTI Axt Inc. 0.00% 314 $1K New
CAT Caterpillar Inc. 0.00% 3 $1K New
DRD Drdgold Ltd.-Sponsored ADR 0.00% 102 $836 No change
SBSW Sibanye-Stillwater Ltd.-ADR 0.00% 114 $536 Reduce -89.6%
WMT Walmart Inc. 0.00% 4 $240 New

Portfolio Sells Q4 2023 → Q1 2024
NIO INC (NIO 0 02/01/26) Sold out 0.00% −8.48
VIPS Vipshop Holdings Ltd. - ADR Reduce -71.9% 0.90% −5.18
NTES Netease Inc.-ADR Reduce -97.5% 0.06% −3.11
EDU New Oriental Educatio-SP ADR Reduce -12.0% 6.46% −1.99
TME Tencent Music Entertainm-ADR Reduce -57.4% 1.15% −1.84
IQ Iqiyi Inc.-ADR Sold out 0.00% −1.43
LITE Lumentum Holdings Inc. Reduce -43.6% 0.84% −1.43
INFY Infosys Ltd.-SP ADR Sold out 0.00% −0.75
DOCU Docusign Inc. Sold out 0.00% −0.71
ATAT Atour Lifestyle Holdings-ADR Reduce -88.4% 0.63% −0.69
COIN Coinbase Global Inc. Class A Sold out 0.00% −0.43
ONON On Holding AG Class A Sold out 0.00% −0.26
SEA LTD (SEALTD 2.375 12/01/25) Reduce -94.8% 0.01% −0.21
MOMO Hello Group Inc. -SPN ADR Reduce -65.8% 0.06% −0.21
API Agora Inc.-ADR Reduce -6.9% 0.31% −0.17
PENN Penn Entertainment Inc. Sold out 0.00% −0.13
VNET Vnet Group Inc.-ADR Sold out 0.00% −0.10
GDS GDS Holdings Ltd. - ADR Sold out 0.00% −0.08
ON On Semiconductor Sold out 0.00% −0.08
RDY Dr. Reddy's Laboratories-ADR Sold out 0.00% −0.07
BP BP PLC-Spons ADR Sold out 0.00% −0.07
GOTU Gaotu Techedu Inc. Reduce -87.1% 0.09% −0.07
INTC Intel Corp. Sold out 0.00% −0.06
CLS Celestica Inc. Sold out 0.00% −0.05
OLED Universal Display Corp. Sold out 0.00% −0.05
MCHP Microchip Technology Inc. Sold out 0.00% −0.04
HPQ HP Inc. Sold out 0.00% −0.04
UMC United Microelectron-SP ADR Sold out 0.00% −0.04
ASX Ase Technology Holding -ADR Sold out 0.00% −0.04
KN Knowles Corp. Sold out 0.00% −0.03
DKNG Draftkings Inc. Class A Reduce -21.2% 0.07% −0.02
ANET Arista Networks Inc. Sold out 0.00% −0.02
QRVO Qorvo Inc. Sold out 0.00% −0.02
VRT Vertiv Holdings Co. Class A Reduce -38.5% 0.04% −0.01
SMCI Super Micro Computer Inc. Reduce -72.0% 0.04% −0.01
AGI Alamos Gold Inc. Class A Reduce -46.1% 0.00% −0.00
MP MP Materials Corp. Reduce -34.8% 0.00% −0.00
TECK Teck Resources Ltd.-CLS B Reduce -28.0% 0.00% −0.00
SBSW Sibanye-Stillwater Ltd.-ADR Reduce -89.6% 0.00% −0.00

Portfolio Buys Q4 2023 → Q1 2024
IBIT iShares Bitcoin Trust ETF New 9.64% +9.64
NVDA Nvidia Corp. Add +14596.4% 4.67% +4.64
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) New 4.44% +4.44
MMYT Makemytrip Ltd. New 2.42% +2.42
TCOM Trip.com Group Ltd.-ADR Add +473.8% 2.55% +2.01
FRO Frontline PLC New 1.68% +1.68
BILIBILI INC (BILI 1.375 04/01/26) Add +245.0% 2.22% +1.34
MU Micron Technology Inc. Add +1884.3% 1.38% +1.31
LI Li Auto Inc. - ADR Add +589.8% 1.19% +0.90
H WORLD GROUP LTD (HTHT 3 05/01/26) Add +250.0% 1.30% +0.82
NVO Novo-Nordisk A/S-Spons ADR New 0.76% +0.76
AMD Advanced Micro Devices New 0.62% +0.62
BSX Boston Scientific Corp. New 0.58% +0.58
STNG Scorpio Tankers Inc. New 0.48% +0.48
AVGO Broadcom Inc. New 0.47% +0.47
ABT Abbott Laboratories New 0.46% +0.46
ONC Beone Medicines Ltd.-ADR New 0.45% +0.45
JNJ Johnson & Johnson New 0.44% +0.44
VRTX Vertex Pharmaceuticals Inc. New 0.44% +0.44
MRK Merck & Co. Inc. New 0.42% +0.42
ECO Okeanis Eco Tankers Corp. New 0.39% +0.39
MSFT Microsoft Corp. Add +34.4% 4.52% +0.38
LLY Eli Lilly & Co. New 0.37% +0.37
TTE Totalenergies SE -Spon ADR New 0.34% +0.34
ABBV Abbvie Inc. New 0.33% +0.33
TAK Takeda Pharmaceutic-SP ADR New 0.33% +0.33
REGN Regeneron Pharmaceuticals New 0.33% +0.33
IBN Icici Bank Ltd.-Spon ADR Add +220.0% 0.47% +0.29
EW Edwards Lifesciences Corp. New 0.25% +0.25
BKNG Booking Holdings Inc. New 0.25% +0.25
TAL Tal Education Group- ADR New 0.25% +0.25
LULU Lululemon Athletica Inc. New 0.21% +0.21
B Barrick Gold Corp. New 0.19% +0.19
WDS Woodside Energy Group-ADR New 0.16% +0.16
ERO Ero Copper Corp. New 0.15% +0.15
MCD McDonald's Corp. New 0.14% +0.14
IQIYI INC (IQ 4 12/15/26) Add +47.6% 1.73% +0.14
LVS Las Vegas Sands Corp. New 0.12% +0.12
APH Amphenol Corp. Class A New 0.11% +0.11
WIT Wipro Ltd.-ADR Add +73.5% 0.44% +0.10
HDB HDFC Bank Ltd.-ADR New 0.10% +0.10
MGM MGM Resorts International New 0.10% +0.10
MRNA Moderna Inc. New 0.08% +0.08
DHR Danaher Corp. New 0.08% +0.08
ASML ASML Holding NV-NY Reg SHS New 0.08% +0.08
MLCO Melco Resorts & Entert-ADR New 0.07% +0.07
ZTS Zoetis Inc. New 0.07% +0.07
TUYA Tuya Inc. Add +171.4% 0.21% +0.07
CHT Chunghwa Telecom LT-Spon ADR New 0.07% +0.07
SIMO Silicon Motion Technol-ADR New 0.06% +0.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2025 86$576.2MYMM, PDD, IBIT, TSLA, BEKE
Q4 2024 88$564.2MIBIT, YMM, TSLA, PDD, EDU
Q3 2024 83$466.0MPDD, IBIT, TSLA, YMM, EDU
Q2 2024 105$709.7MPDD, YMM, IBIT, NVDA, EDU
Q1 2024 106$623.0MPDD, YMM, IBIT, EDU, BILIBILI INC (BILI 0.5 12/01/26)