Pinpoint Asset Management Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Pinpoint Asset Management Ltd reported 88 stock positions worth $564.2 million. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 14.0% of the portfolio, followed by Full Truck Alliance -SPN ADR (YMM, 12.1%) and Tesla (TSLA, 9.2%). Compared with Q3 2024, it opened 35 new positions, sold out of 30, added to 22 and reduced 24. The biggest buy was a new position in Trip.com Group Ltd.-ADR (TCOM) and the biggest sale PDD (PDD, shares −48%).
- Most Recent 13F
- Q1 2025
- Location
- HONG KONG, K3
- CIK
- 0001803237
- Portfolio Value
- $564.2M (Q4 2024)
- SEC Filing
- 0001803237-25-000001 ↗ filed Feb 13, 2025
Holdings Value
Holdings 88 stocks · $564.2M
| IBIT iShares Bitcoin Trust ETF | 13.95% | 1,483,578 | $78.7M | Reduce -4.4% |
| YMM Full Truck Alliance -SPN ADR | 12.06% | 6,287,153 | $68.0M | Add +60.7% |
| TSLA Tesla Inc. | 9.18% | 128,293 | $51.8M | Reduce -20.7% |
| PDD PDD Holdings Inc. | 8.49% | 473,558 | $47.9M | Reduce -48.2% |
| EDU New Oriental Educatio-SP ADR | 7.63% | 559,969 | $43.0M | Add +53.1% |
| TCOM Trip.com Group Ltd.-ADR | 5.89% | 292,919 | $33.2M | New |
| NVDA Nvidia Corp. | 5.51% | 223,547 | $31.1M | Add +102.6% |
| TAL Tal Education Group- ADR | 3.74% | 2,106,573 | $21.1M | Add +2020.8% |
| TSM Taiwan Semiconductor-SP ADR | 3.49% | 99,617 | $19.7M | Add +240.8% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | 2.52% | 14,330,000 | $14.2M | New |
| AS Amer Sports Inc. | 2.26% | 456,830 | $12.8M | Add +499.5% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 2.17% | 153,307 | $12.3M | Reduce -4.1% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 2.03% | 593,889 | $11.5M | Reduce -17.0% |
| MSFT Microsoft Corp. | 2.00% | 26,767 | $11.3M | Reduce -9.4% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | 1.90% | 10,000,000 | $10.7M | New |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | 1.83% | 5,000,000 | $10.3M | New |
| PDD HOLDINGS INC (PDD 0 12/01/25) | 1.62% | 9,500,000 | $9.1M | New |
| HDB HDFC Bank Ltd.-ADR | 1.39% | 122,456 | $7.8M | Add +119.3% |
| RDY Dr. Reddy's Laboratories-ADR | 1.33% | 476,875 | $7.5M | Add +2361.3% |
| IBN Icici Bank Ltd.-Spon ADR | 0.95% | 179,200 | $5.4M | Add +23.4% |
| BSX Boston Scientific Corp. | 0.93% | 58,797 | $5.3M | Reduce -9.9% |
| TME Tencent Music Entertainm-ADR | 0.85% | 421,995 | $4.8M | No change |
| TER Teradyne Inc. | 0.84% | 37,493 | $4.7M | New |
| AAPL Apple Inc. | 0.68% | 15,417 | $3.9M | Add +0.0% |
| NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD | 0.63% | 301,352 | $3.5M | Reduce -7.7% |
| LI Li Auto Inc. - ADR | 0.60% | 131,592 | $3.4M | Add +594.4% |
| DOCU Docusign Inc. | 0.59% | 36,942 | $3.3M | New |
| ABBV Abbvie Inc. | 0.58% | 18,483 | $3.3M | Add +49.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.53% | 7,460 | $3.0M | Reduce -9.7% |
| JD Jd.com Inc.-ADR | 0.34% | 54,691 | $1.9M | Reduce -83.6% |
| ZTO Zto Express Cayman Inc.-ADR | 0.31% | 90,091 | $1.8M | Reduce -14.3% |
| TTE Totalenergies SE -Spon ADR | 0.30% | 30,885 | $1.7M | No change |
| SN Sharkninja Inc. | 0.30% | 17,155 | $1.7M | Add +49.8% |
| ACMR Acm Research Inc. Class A | 0.29% | 107,046 | $1.6M | Reduce -12.8% |
| REGN Regeneron Pharmaceuticals | 0.24% | 1,908 | $1.4M | Reduce -9.5% |
| ERO Ero Copper Corp. | 0.18% | 74,323 | $1.0M | Add +75.4% |
| GME Gamestop Corp. Class A | 0.18% | 31,754 | $995K | No change |
| KT KT Corp.-SP ADR | 0.14% | 51,420 | $798K | New |
| DECK Deckers Outdoor Corp. | 0.14% | 3,926 | $797K | Add +21.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.14% | 9,238 | $795K | Reduce -74.2% |
| SGML Sigma Lithium Corp. | 0.13% | 66,017 | $741K | New |
| RCL Royal Caribbean Cruises Ltd. | 0.11% | 2,768 | $639K | Add +146.0% |
| MLCO Melco Resorts & Entert-ADR | 0.11% | 89,961 | $621K | Add +32.2% |
| ANF Abercrombie & Fitch Co. Class A | 0.11% | 4,000 | $598K | Add +175.5% |
| ASX Ase Technology Holding -ADR | 0.10% | 55,831 | $562K | Reduce -72.5% |
| APH Amphenol Corp. Class A | 0.09% | 7,000 | $486K | New |
| AOSL Alpha & Omega Semiconductor | 0.09% | 12,959 | $480K | New |
| RLX RLX Technology Inc.-ADR | 0.07% | 177,963 | $384K | Reduce -30.6% |
| TPR Tapestry Inc. | 0.06% | 4,784 | $313K | New |
| CROX Crocs Inc. | 0.05% | 2,789 | $305K | Reduce -7.2% |
| LITE Lumentum Holdings Inc. | 0.05% | 3,418 | $287K | Add +563.7% |
| CRDO Credo Technology Group Holdi | 0.04% | 3,625 | $244K | New |
| HDL Super Hi International Holdi | 0.04% | 8,030 | $231K | Reduce -77.2% |
| MAR Marriott International Class A | 0.04% | 794 | $221K | New |
| VSXY Victoria's Secret & Co. | 0.02% | 2,967 | $123K | New |
| PONY Pony AI Inc. | 0.02% | 7,500 | $108K | New |
| FCX Freeport-McMoran Inc. | 0.02% | 2,819 | $107K | New |
| HELLO GROUP INC (MOMO 1.25 07/01/25) | 0.01% | 80,000 | $81K | New |
| ZG Zillow Group Inc. Class A | 0.01% | 1,141 | $81K | Reduce -25.8% |
| SEA LTD (SEALTD 2.375 12/01/25) | 0.01% | 55,000 | $70K | New |
| AVGO Broadcom Inc. | 0.01% | 272 | $63K | Add +4.6% |
| AAOI Applied Optoelectronics Inc. | 0.01% | 1,562 | $58K | Reduce -95.3% |
| RL Ralph Lauren Corp. | 0.01% | 226 | $52K | Add +22500.0% |
| VFC VF Corp. | 0.01% | 2,148 | $46K | Reduce -91.0% |
| FORM Formfactor Inc. | 0.01% | 981 | $43K | New |
| AER Aercap Holdings NV | 0.01% | 370 | $35K | New |
| COHR Coherent Corp. | 0.01% | 364 | $34K | Reduce -79.8% |
| CLS Celestica Inc. | 0.01% | 348 | $32K | Add +109.6% |
| GEV GE Vernova Inc. | 0.01% | 91 | $30K | New |
| CLF Cleveland-Cliffs Inc. | 0.00% | 2,619 | $25K | New |
| SARO Standardaero Inc. | 0.00% | 783 | $19K | New |
| BA The Boeing Co. | 0.00% | 109 | $19K | New |
| HWM Howmet Aerospace Inc. | 0.00% | 166 | $18K | New |
| MRVL Marvell Technology Inc. | 0.00% | 154 | $17K | New |
| X United States Steel Corp. | 0.00% | 470 | $16K | New |
| EQIX Equinix Inc. | 0.00% | 15 | $14K | New |
| HSAI Hesai Group | 0.00% | 435 | $6K | Reduce -74.5% |
| QRVO Qorvo Inc. | 0.00% | 79 | $6K | New |
| NVTS Navitas Semiconductor Corp. | 0.00% | 419 | $1K | New |
| LSCC Lattice Semiconductor Corp. | 0.00% | 16 | $906 | New |
| MTSI Macom Technology Solutions H | 0.00% | 1 | $130 | No change |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.00% | 2 | $123 | New |
| DELL Dell Technologies -C | 0.00% | 1 | $115 | New |
| FLEX Flex Ltd. | 0.00% | 2 | $77 | No change |
| RMBS Rambus Inc. | 0.00% | 1 | $53 | No change |
| KLIC Kulicke & Soffa Industries | 0.00% | 1 | $47 | Reduce -100.0% |
| IONQ Ionq Inc. | 0.00% | 1 | $42 | New |
| AXTI Axt Inc. | 0.00% | 1 | $2 | No change |
Options reported separately and not counted above: FREEPORT MCMORAN INC puts ($18K), BOEING CO calls ($4K), CATERPILLAR INC puts ($388), EATON CORP PLC puts ($215), DEERE & CO puts ($49), LINDE PLC calls ($10).
Portfolio Sells Q3 2024 → Q4 2024
| PDD PDD Holdings Inc. | Reduce -48.2% | 8.49% | −18.73 |
| JD Jd.com Inc.-ADR | Reduce -83.6% | 0.34% | −3.38 |
| MMYT Makemytrip Ltd. | Sold out | 0.00% | −2.44 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -4.1% | 2.17% | −1.11 |
| BEKE Ke Holdings Inc.-ADR | Reduce -17.0% | 2.03% | −1.03 |
| KLIC Kulicke & Soffa Industries | Reduce -100.0% | 0.00% | −0.87 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.85 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -74.2% | 0.14% | −0.78 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.77 |
| MSFT Microsoft Corp. | Reduce -9.4% | 2.00% | −0.73 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.69 |
| WIT Wipro Ltd.-ADR | Sold out | 0.00% | −0.58 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.53 |
| TUYA Tuya Inc. | Sold out | 0.00% | −0.34 |
| ASX Ase Technology Holding -ADR | Reduce -72.5% | 0.10% | −0.33 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -9.7% | 0.53% | −0.29 |
| ACMR Acm Research Inc. Class A | Reduce -12.8% | 0.29% | −0.25 |
| ZTO Zto Express Cayman Inc.-ADR | Reduce -14.3% | 0.31% | −0.25 |
| BSX Boston Scientific Corp. | Reduce -9.9% | 0.93% | −0.24 |
| NOAH Noah Holdings Ltd.-Spon ADS | Reduce -7.7% | 0.63% | −0.24 |
| REGN Regeneron Pharmaceuticals | Reduce -9.5% | 0.24% | −0.23 |
| STNG Scorpio Tankers Inc. | Sold out | 0.00% | −0.22 |
| GOTU Gaotu Techedu Inc. | Sold out | 0.00% | −0.19 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.19 |
| API Agora Inc.-ADR | Sold out | 0.00% | −0.17 |
| ZK Zeekr Intelligent Techno-ADR | Sold out | 0.00% | −0.10 |
| AAOI Applied Optoelectronics Inc. | Reduce -95.3% | 0.01% | −0.10 |
| VFC VF Corp. | Reduce -91.0% | 0.01% | −0.09 |
| HDL Super Hi International Holdi | Reduce -77.2% | 0.04% | −0.09 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.07 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.07 |
| HIMX Himax Technologies Inc.-ADR | Sold out | 0.00% | −0.05 |
| CROX Crocs Inc. | Reduce -7.2% | 0.05% | −0.04 |
| RLX RLX Technology Inc.-ADR | Reduce -30.6% | 0.07% | −0.03 |
| COHR Coherent Corp. | Reduce -79.8% | 0.01% | −0.03 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.03 |
| JHX James Hardie Ord | Sold out | 0.00% | −0.01 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.01 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.01 |
| HY Hyster-Yale Inc. | Sold out | 0.00% | −0.01 |
| ZG Zillow Group Inc. Class A | Reduce -25.8% | 0.01% | −0.01 |
| CENX Century Aluminum Company | Sold out | 0.00% | −0.00 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.00 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.00 |
| SCCO Southern Copper Corp. | Sold out | 0.00% | −0.00 |
| BZ Kanzhun Ltd. - ADR | Sold out | 0.00% | −0.00 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.00 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.00 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.00 |
| HSAI Hesai Group | Reduce -74.5% | 0.00% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| TCOM Trip.com Group Ltd.-ADR | New | 5.89% | +5.89 |
| YMM Full Truck Alliance -SPN ADR | Add +60.7% | 12.06% | +4.49 |
| TAL Tal Education Group- ADR | Add +2020.8% | 3.74% | +3.49 |
| NVDA Nvidia Corp. | Add +102.6% | 5.51% | +2.64 |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | New | 2.52% | +2.52 |
| TSM Taiwan Semiconductor-SP ADR | Add +240.8% | 3.49% | +2.40 |
| AS Amer Sports Inc. | Add +499.5% | 2.26% | +2.00 |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | New | 1.90% | +1.90 |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | New | 1.83% | +1.83 |
| PDD HOLDINGS INC (PDD 0 12/01/25) | New | 1.62% | +1.62 |
| RDY Dr. Reddy's Laboratories-ADR | Add +2361.3% | 1.33% | +1.27 |
| EDU New Oriental Educatio-SP ADR | Add +53.1% | 7.63% | +1.01 |
| TER Teradyne Inc. | New | 0.84% | +0.84 |
| HDB HDFC Bank Ltd.-ADR | Add +119.3% | 1.39% | +0.64 |
| DOCU Docusign Inc. | New | 0.59% | +0.59 |
| LI Li Auto Inc. - ADR | Add +594.4% | 0.60% | +0.49 |
| KT KT Corp.-SP ADR | New | 0.14% | +0.14 |
| SGML Sigma Lithium Corp. | New | 0.13% | +0.13 |
| APH Amphenol Corp. Class A | New | 0.09% | +0.09 |
| AOSL Alpha & Omega Semiconductor | New | 0.09% | +0.09 |
| RCL Royal Caribbean Cruises Ltd. | Add +146.0% | 0.11% | +0.07 |
| ANF Abercrombie & Fitch Co. Class A | Add +175.5% | 0.11% | +0.06 |
| ABBV Abbvie Inc. | Add +49.5% | 0.58% | +0.06 |
| TPR Tapestry Inc. | New | 0.06% | +0.06 |
| LITE Lumentum Holdings Inc. | Add +563.7% | 0.05% | +0.04 |
| CRDO Credo Technology Group Holdi | New | 0.04% | +0.04 |
| MAR Marriott International Class A | New | 0.04% | +0.04 |
| SN Sharkninja Inc. | Add +49.8% | 0.30% | +0.03 |
| VSXY Victoria's Secret & Co. | New | 0.02% | +0.02 |
| PONY Pony AI Inc. | New | 0.02% | +0.02 |
| FCX Freeport-McMoran Inc. | New | 0.02% | +0.02 |
| IBN Icici Bank Ltd.-Spon ADR | Add +23.4% | 0.95% | +0.02 |
| DECK Deckers Outdoor Corp. | Add +21.6% | 0.14% | +0.02 |
| HELLO GROUP INC (MOMO 1.25 07/01/25) | New | 0.01% | +0.01 |
| SEA LTD (SEALTD 2.375 12/01/25) | New | 0.01% | +0.01 |
| RL Ralph Lauren Corp. | Add +22500.0% | 0.01% | +0.01 |
| FORM Formfactor Inc. | New | 0.01% | +0.01 |
| AER Aercap Holdings NV | New | 0.01% | +0.01 |
| GEV GE Vernova Inc. | New | 0.01% | +0.01 |
| CLF Cleveland-Cliffs Inc. | New | 0.00% | +0.00 |
| CLS Celestica Inc. | Add +109.6% | 0.01% | +0.00 |
| BA The Boeing Co. | New | 0.00% | +0.00 |
| SARO Standardaero Inc. | New | 0.00% | +0.00 |
| HWM Howmet Aerospace Inc. | New | 0.00% | +0.00 |
| MRVL Marvell Technology Inc. | New | 0.00% | +0.00 |
| X United States Steel Corp. | New | 0.00% | +0.00 |
| EQIX Equinix Inc. | New | 0.00% | +0.00 |
| AVGO Broadcom Inc. | Add +4.6% | 0.01% | +0.00 |
| QRVO Qorvo Inc. | New | 0.00% | +0.00 |
| NVTS Navitas Semiconductor Corp. | New | 0.00% | +0.00 |
Options Activity Q3 2024 → Q4 2024
| FREEPORT MCMORAN INC | put | Reduce -4.0% | 24 | $18K |
| BOEING CO | call | New | 2 | $4K |
| ALDEYRA THERAPEUTICS INC | put | Sold out | 8 | $1Kbefore exit |
| HARMONY GOLD MINING CO LTD | put | Sold out | 29 | $928before exit |
| CATERPILLAR INC | put | Reduce -50.0% | 1 | $388 |
| EATON CORP PLC | put | Reduce -50.0% | 1 | $215 |
| DEERE & CO | put | Reduce -50.0% | 1 | $49 |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.