Pinpoint Asset Management Ltd

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Pinpoint Asset Management Ltd reported 105 stock positions worth $709.7 million. Its top holding was PDD (PDD) at 17.1% of the portfolio, followed by Full Truck Alliance -SPN ADR (YMM, 8.9%) and iShares Bitcoin Trust ETF (IBIT, 7.5%). Compared with Q1 2024, it opened 34 new positions, sold out of 35, added to 35 and reduced 24. The biggest buy was Noah Holdings Ltd.-Spon ADS (NOAH, shares +8%) and the biggest sale an exit from Zto Express KY Inc. (zto 1.5 09/01/27).

Most Recent 13F
Q1 2025
Location
HONG KONG, K3
CIK
0001803237
Portfolio Value
$709.7M (Q2 2024)
SEC Filing
0001803237-24-000003 ↗ filed Aug 14, 2024

Holdings Value

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

Holdings 105 stocks · $709.7M
PDD PDD Holdings Inc. 17.08% 843,757 $121.2M Add +8.2%
YMM Full Truck Alliance -SPN ADR 8.89% 7,849,056 $63.1M Reduce -19.0%
IBIT iShares Bitcoin Trust ETF 7.46% 1,551,505 $53.0M Add +4.6%
NVDA Nvidia Corp. 7.19% 413,130 $51.0M Add +28.4%
EDU New Oriental Educatio-SP ADR 7.14% 610,989 $50.7M Add +44.6%
MSFT Microsoft Corp. 5.08% 80,621 $36.0M Add +20.4%
BILIBILI INC (BILI 0.5 12/01/26) 4.52% 33,048,000 $32.1M No change
TSLA Tesla Inc. 4.50% 161,328 $31.9M Add +46.4%
NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD 4.44% 326,446 $31.5M Add +8.3%
TCOM Trip.com Group Ltd.-ADR 3.91% 464,561 $27.8M Add +28.3%
MMYT Makemytrip Ltd. 2.66% 224,311 $18.9M Add +5.9%
PDD HOLDINGS INC (PDD 0 12/01/25) 2.57% 18,500,000 $18.2M Add +362.5%
H WORLD GROUP LTD (HTHT 3 05/01/26) 2.55% 17,000,000 $18.1M Add +142.9%
IQIYI INC (IQ 4 12/15/26) 1.52% 10,850,000 $10.8M No change
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 1.40% 151,952 $10.0M Add +25.4%
NTES Netease Inc.-ADR 1.33% 98,429 $9.4M Add +2422.5%
TME Tencent Music Entertainm-ADR 1.31% 660,771 $9.3M Add +3.6%
LI AUTO INC (LI 0.25 05/01/28) 1.08% 8,000,000 $7.7M New
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.97% 431,975 $6.9M Reduce -21.6%
APH Amphenol Corp. Class A 0.85% 89,853 $6.1M Add +663.4%
MICROSTRATEGY INC (MSTR 0 02/15/27) 0.85% 5,000,000 $6.0M No change
LITE Lumentum Holdings Inc. 0.82% 92,226 $5.8M Reduce -16.1%
NVO Novo-Nordisk A/S-Spons ADR 0.71% 35,366 $5.0M Reduce -4.5%
BSX Boston Scientific Corp. 0.69% 63,397 $4.9M Add +19.7%
AAPL Apple Inc. 0.66% 22,149 $4.7M New
VRTX Vertex Pharmaceuticals Inc. 0.53% 7,960 $3.7M Add +22.4%
TAL Tal Education Group- ADR 0.52% 344,466 $3.7M Add +155.0%
INFY Infosys Ltd.-SP ADR 0.48% 183,600 $3.4M New
IBN Icici Bank Ltd.-Spon ADR 0.45% 112,000 $3.2M No change
WIT Wipro Ltd.-ADR 0.41% 481,500 $2.9M No change
ACMR Acm Research Inc. Class A 0.41% 127,261 $2.9M Add +19539.0%
LLY Eli Lilly & Co. 0.41% 3,209 $2.9M Add +8.3%
ABT Abbott Laboratories 0.39% 26,898 $2.8M Add +7.6%
JNJ Johnson & Johnson 0.39% 18,720 $2.7M Add +7.5%
MRK Merck & Co. Inc. 0.37% 21,083 $2.6M Add +7.1%
SN Sharkninja Inc. 0.34% 76 $2.4M New
REGN Regeneron Pharmaceuticals 0.30% 2,008 $2.1M Reduce -4.9%
ABBV Abbvie Inc. 0.29% 12,160 $2.1M Add +8.0%
TTE Totalenergies SE -Spon ADR 0.29% 30,885 $2.1M No change
ZTO Zto Express Cayman Inc.-ADR 0.26% 90,091 $1.9M No change
TUYA Tuya Inc. 0.26% 1,071,743 $1.8M Add +41.9%
LULU Lululemon Athletica Inc. 0.22% 1,693 $1.6M Reduce -15.2%
API Agora Inc.-ADR 0.20% 678,342 $1.4M Reduce -11.3%
ECO Okeanis Eco Tankers Corp. 0.19% 42,669 $1.4M Reduce -47.3%
MLCO Melco Resorts & Entert-ADR 0.18% 172,829 $1.3M Add +168.1%
ZK Zeekr Intelligent Techno-ADR 0.16% 61,897 $1.2M New
MRNA Moderna Inc. 0.16% 9,745 $1.2M Add +99.3%
WDS Woodside Energy Group-ADR 0.15% 55,772 $1.0M Add +9.5%
TSM Taiwan Semiconductor-SP ADR 0.15% 6,033 $1.0M New
HDL Super Hi International Holdi 0.14% 56,549 $1.0M New
GOTU Gaotu Techedu Inc. 0.14% 200,669 $1.0M Add +697.6%
NKE Nike Inc. Class B 0.14% 202 $979K New
SMMT Summit Therapeutics Inc. 0.13% 120,746 $942K New
MCD McDonald's Corp. 0.13% 3,659 $932K Add +14.3%
DXCM Dexcom Inc. 0.13% 8,101 $918K New
ERO Ero Copper Corp. 0.12% 39,516 $845K Reduce -17.9%
AS Amer Sports Inc. 0.10% 59,039 $742K Add +215.9%
HDB HDFC Bank Ltd.-ADR 0.10% 11,300 $727K No change
ANET Arista Networks Inc. 0.09% 1,728 $606K New
RLX RLX Technology Inc.-ADR 0.08% 320,139 $589K Add +0.8%
COHR Coherent Corp. 0.07% 6,861 $524K Add +1641.4%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.07% 2,521 $488K New
ZTS Zoetis Inc. 0.07% 2,742 $475K No change
ONON On Holding AG Class A filed as ON HLDG AG 0.06% 11,611 $451K New
CROX Crocs Inc. 0.06% 3,025 $441K Add +104.3%
QRVO Qorvo Inc. 0.06% 3,405 $396K New
HMY Harmony Gold MNG-Spon ADR 0.05% 35,664 $327K New
DECK Deckers Outdoor Corp. 0.04% 310 $300K Reduce -21.5%
CRL Charles River Laboratories 0.04% 1,380 $285K New
MTSI Macom Technology Solutions H 0.04% 2,470 $275K Reduce -8.5%
ANF Abercrombie & Fitch Co. Class A 0.04% 1,474 $262K New
DPZ Domino's Pizza Inc. 0.04% 488 $252K New
MPWR Monolithic Power Systems Inc. 0.03% 300 $247K New
ADI Analog Devices Inc. 0.03% 1,000 $228K New
LI Li Auto Inc. - ADR 0.03% 11,000 $197K Reduce -95.5%
MRVL Marvell Technology Inc. 0.02% 1,172 $170K New
AVGO Broadcom Inc. 0.02% 96 $154K Reduce -95.6%
AOSL Alpha & Omega Semiconductor 0.02% 4,000 $149K New
DKNG Draftkings Inc. Class A 0.02% 3,743 $143K Reduce -59.4%
NTGR Netgear Inc. 0.02% 9,245 $141K New
CRDO Credo Technology Group Holdi 0.02% 4,000 $128K New
OLED Universal Display Corp. 0.02% 600 $126K New
MXL Maxlinear Inc. 0.02% 5,442 $110K New
GAP The Gap Inc. 0.01% 4,177 $100K Reduce -50.9%
MU Micron Technology Inc. 0.01% 632 $83K Reduce -99.1%
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 $59K No change
URBN Urban Outfitters Inc. 0.01% 1,247 $51K New
RL Ralph Lauren Corp. 0.01% 278 $49K Reduce -49.9%
CAMT Camtek Ltd. 0.00% 253 $32K Reduce -92.1%
KLAC KLA Corp. 0.00% 38 $31K New
ARM Arm Holdings PLC-ADR 0.00% 186 $30K New
SCCO Southern Copper Corp. 0.00% 275 $30K New
DELL Dell Technologies -C 0.00% 144 $20K Reduce -92.8%
BKNG Booking Holdings Inc. 0.00% 4 $16K Reduce -99.1%
TECK Teck Resources Ltd.-CLS B 0.00% 310 $15K Add +7.6%
CLS Celestica Inc. 0.00% 240 $14K New
HSAI Hesai Group 0.00% 1,707 $7K No change
FORM Formfactor Inc. 0.00% 50 $3K New
SLSR Solaris Resources Inc. 0.00% 1,027 $3K New
DRD Drdgold Ltd.-Sponsored ADR 0.00% 60 $517 Reduce -41.2%
SBSW Sibanye-Stillwater Ltd.-ADR 0.00% 2 $331 Reduce -98.3%
SUZ Suzano SA - Spon ADR 0.00% 17 $175 New
EW Edwards Lifesciences Corp. 0.00% 1 $92 Reduce -100.0%
AGI Alamos Gold Inc. Class A 0.00% 3 $47 Reduce -99.4%

Portfolio Sells Q1 2024 → Q2 2024
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) Sold out 0.00% −4.44
YMM Full Truck Alliance -SPN ADR Reduce -19.0% 8.89% −2.44
BILIBILI INC (BILI 1.375 04/01/26) Sold out 0.00% −2.22
FRO Frontline PLC Sold out 0.00% −1.68
MU Micron Technology Inc. Reduce -99.1% 0.01% −1.37
LI Li Auto Inc. - ADR Reduce -95.5% 0.03% −1.16
VIPS Vipshop Holdings Ltd. - ADR Sold out 0.00% −0.90
MICROSTRATEGY INC (MSTR 0.75 12/15/25) Sold out 0.00% −0.69
ATAT Atour Lifestyle Holdings-ADR Sold out 0.00% −0.63
AMD Advanced Micro Devices Sold out 0.00% −0.62
STNG Scorpio Tankers Inc. Sold out 0.00% −0.48
ONC Beone Medicines Ltd.-ADR Sold out 0.00% −0.45
AVGO Broadcom Inc. Reduce -95.6% 0.02% −0.45
TAK Takeda Pharmaceutic-SP ADR Sold out 0.00% −0.33
BEKE Ke Holdings Inc.-ADR Reduce -21.6% 0.97% −0.30
EW Edwards Lifesciences Corp. Reduce -100.0% 0.00% −0.25
BKNG Booking Holdings Inc. Reduce -99.1% 0.00% −0.25
ECO Okeanis Eco Tankers Corp. Reduce -47.3% 0.19% −0.20
B Barrick Gold Corp. Sold out 0.00% −0.19
LVS Las Vegas Sands Corp. Sold out 0.00% −0.12
API Agora Inc.-ADR Reduce -11.3% 0.20% −0.11
MGM MGM Resorts International Sold out 0.00% −0.10
DHR Danaher Corp. Sold out 0.00% −0.08
JOYY INC (JOYY 1.375 06/15/26) Sold out 0.00% −0.08
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −0.08
CHT Chunghwa Telecom LT-Spon ADR Sold out 0.00% −0.07
WDC Western Digital Corp. Sold out 0.00% −0.06
MOMO Hello Group Inc. -SPN ADR Sold out 0.00% −0.06
SIMO Silicon Motion Technol-ADR Sold out 0.00% −0.06
NVO Novo-Nordisk A/S-Spons ADR Reduce -4.5% 0.71% −0.05
DKNG Draftkings Inc. Class A Reduce -59.4% 0.02% −0.05
SMCI Super Micro Computer Inc. Sold out 0.00% −0.04
QCOM Qualcomm Inc. Sold out 0.00% −0.04
ATHM Autohome Inc.-ADR Sold out 0.00% −0.04
ASND Ascendis Pharma A/S Sold out 0.00% −0.04
ONTO Onto Innovation Inc. Sold out 0.00% −0.04
VRT Vertiv Holdings Co. Class A Sold out 0.00% −0.04
HPE Hewlett Packard Enterprise Sold out 0.00% −0.04
CAMT Camtek Ltd. Reduce -92.1% 0.00% −0.04
JOYY Joyy Inc.-ADR Sold out 0.00% −0.04
FLEX Flex Ltd. Sold out 0.00% −0.04
PVH PVH Corp. Sold out 0.00% −0.03
DELL Dell Technologies -C Reduce -92.8% 0.00% −0.03
ERO Ero Copper Corp. Reduce -17.9% 0.12% −0.03
REGN Regeneron Pharmaceuticals Reduce -4.9% 0.30% −0.03
GAP The Gap Inc. Reduce -50.9% 0.01% −0.02
DECK Deckers Outdoor Corp. Reduce -21.5% 0.04% −0.02
LITE Lumentum Holdings Inc. Reduce -16.1% 0.82% −0.02
RL Ralph Lauren Corp. Reduce -49.9% 0.01% −0.01
MTSI Macom Technology Solutions H Reduce -8.5% 0.04% −0.00

Portfolio Buys Q1 2024 → Q2 2024
NOAH Noah Holdings Ltd.-Spon ADS Add +8.3% 4.44% +3.89
NVDA Nvidia Corp. Add +28.4% 7.19% +2.52
PDD PDD Holdings Inc. Add +8.2% 17.08% +2.45
PDD HOLDINGS INC (PDD 0 12/01/25) Add +362.5% 2.57% +1.95
TCOM Trip.com Group Ltd.-ADR Add +28.3% 3.91% +1.36
TSLA Tesla Inc. Add +46.4% 4.50% +1.31
NTES Netease Inc.-ADR Add +2422.5% 1.33% +1.26
H WORLD GROUP LTD (HTHT 3 05/01/26) Add +142.9% 2.55% +1.25
LI AUTO INC (LI 0.25 05/01/28) New 1.08% +1.08
APH Amphenol Corp. Class A Add +663.4% 0.85% +0.74
EDU New Oriental Educatio-SP ADR Add +44.6% 7.14% +0.68
AAPL Apple Inc. New 0.66% +0.66
MSFT Microsoft Corp. Add +20.4% 5.08% +0.55
INFY Infosys Ltd.-SP ADR New 0.48% +0.48
ACMR Acm Research Inc. Class A Add +19539.0% 0.41% +0.41
FUTU Futu Holdings Ltd.-ADR Add +25.4% 1.40% +0.35
SN Sharkninja Inc. New 0.34% +0.34
TAL Tal Education Group- ADR Add +155.0% 0.52% +0.28
MMYT Makemytrip Ltd. Add +5.9% 2.66% +0.24
ZK Zeekr Intelligent Techno-ADR New 0.16% +0.16
TME Tencent Music Entertainm-ADR Add +3.6% 1.31% +0.16
TSM Taiwan Semiconductor-SP ADR New 0.15% +0.15
HDL Super Hi International Holdi New 0.14% +0.14
NKE Nike Inc. Class B New 0.14% +0.14
SMMT Summit Therapeutics Inc. New 0.13% +0.13
DXCM Dexcom Inc. New 0.13% +0.13
MLCO Melco Resorts & Entert-ADR Add +168.1% 0.18% +0.11
BSX Boston Scientific Corp. Add +19.7% 0.69% +0.11
VRTX Vertex Pharmaceuticals Inc. Add +22.4% 0.53% +0.09
ANET Arista Networks Inc. New 0.09% +0.09
MRNA Moderna Inc. Add +99.3% 0.16% +0.08
COHR Coherent Corp. Add +1641.4% 0.07% +0.07
EL Estee Lauder Companies Class A New 0.07% +0.07
ONON On Holding AG Class A New 0.06% +0.06
QRVO Qorvo Inc. New 0.06% +0.06
AS Amer Sports Inc. Add +215.9% 0.10% +0.06
GOTU Gaotu Techedu Inc. Add +697.6% 0.14% +0.05
HMY Harmony Gold MNG-Spon ADR New 0.05% +0.05
TUYA Tuya Inc. Add +41.9% 0.26% +0.05
CRL Charles River Laboratories New 0.04% +0.04
LLY Eli Lilly & Co. Add +8.3% 0.41% +0.04
ANF Abercrombie & Fitch Co. Class A New 0.04% +0.04
DPZ Domino's Pizza Inc. New 0.04% +0.04
MPWR Monolithic Power Systems Inc. New 0.03% +0.03
ADI Analog Devices Inc. New 0.03% +0.03
CROX Crocs Inc. Add +104.3% 0.06% +0.03
MRVL Marvell Technology Inc. New 0.02% +0.02
AOSL Alpha & Omega Semiconductor New 0.02% +0.02
NTGR Netgear Inc. New 0.02% +0.02
CRDO Credo Technology Group Holdi New 0.02% +0.02

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)