Point72 Hong Kong Ltd

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Point72 Hong Kong Ltd reported 428 stock positions worth $2.2 billion. Its top holding was Nvidia (NVDA) at 11.6% of the portfolio, followed by PDD (PDD, 9.6%) and Pony AI (PONY, 5.7%). Compared with Q2 2025, it opened 245 new positions, sold out of 244, added to 92 and reduced 91. The biggest buy was Nvidia (NVDA, shares +177%) and the biggest sale an exit from Futu Holdings Ltd.-ADR (FUTU).

Most Recent 13F
Q3 2025
Location
Hong Kong, K3
CIK
0001599822
Portfolio Value
$2.2B (Q3 2025)
SEC Filing
0000902664-25-005040 ↗ filed Nov 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $2.0B Q1 2024 Q2 2024: $1.6B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.6B Q4 2024 Q1 2025: $1.4B Q1 2025 Q2 2025: $1.4B Q2 2025 Q3 2025: $2.2B $2.2B Q3 2025

Holdings 428 stocks · $2.2B
NVDA Nvidia Corp. 11.55% 1,340,743 $250.2M Add +177.4%
PDD PDD Holdings Inc. 9.63% 1,577,173 $208.5M Add +215.6%
PONY Pony AI Inc. 5.74% 5,522,833 $124.2M New
WWW Wolverine World Wide Inc. 4.03% 3,179,670 $87.3M New
AS Amer Sports Inc. 2.93% 1,823,422 $63.4M Add +16.6%
VNET Vnet Group Inc.-ADR 2.40% 5,037,631 $52.0M Add +172.2%
WRD Weride Inc.-ADR 2.21% 4,838,204 $47.9M Add +5436084.3%
GOOG Alphabet Inc. Class C 1.88% 167,600 $40.8M New
WDC Western Digital Corp. 1.56% 280,836 $33.7M New
COHR Coherent Corp. 1.40% 281,128 $30.3M Reduce -42.0%
TSM Taiwan Semiconductor-SP ADR 1.38% 106,829 $29.8M Add +104.8%
STX Seagate Technology Holdings 1.34% 123,115 $29.1M Add +255.8%
TTMI TTM Technologies 1.26% 475,140 $27.4M Add +154.6%
BSX Boston Scientific Corp. 1.22% 271,689 $26.5M Add +625.2%
AVGO Broadcom Inc. 1.19% 77,862 $25.7M New
ZEPP Zepp Health Corp.-ADR 1.16% 548,563 $25.1M New
BTDR Bitdeer Technologies Group-A 1.14% 1,444,150 $24.7M New
FERG Ferguson Enterprises Inc. 1.10% 106,486 $23.9M New
ONTO Onto Innovation Inc. 1.08% 181,055 $23.4M Add +81.9%
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 0.93% 518,463 $20.1M New
ADSK Autodesk Inc. 0.92% 62,986 $20.0M Add +76.6%
SNDK Sandisk Corp. 0.92% 178,199 $20.0M New
AMZN Amazon.com Inc. 0.92% 90,708 $19.9M Reduce -17.7%
QFIN Qfin Holdings Inc.-ADR 0.88% 659,601 $19.0M Reduce -28.5%
KKR KKR & Co. Inc. 0.84% 139,774 $18.2M New
MAS Masco Corp. 0.81% 250,020 $17.6M Add +231.7%
AAOI Applied Optoelectronics Inc. 0.77% 646,759 $16.8M New
HON Honeywell International Inc. 0.76% 78,098 $16.4M Add +176.0%
ANET Arista Networks Inc. 0.76% 112,379 $16.4M Add +138.8%
SCHW Schwab (charles) Corp. 0.75% 170,459 $16.3M Reduce -35.4%
CRDO Credo Technology Group Holdi 0.73% 107,832 $15.7M Reduce -18.1%
CYD China Yuchai Intl Ltd. 0.71% 373,962 $15.5M Add +275.2%
CAH Cardinal Health Inc. 0.55% 76,145 $12.0M Reduce -48.4%
JNJ Johnson & Johnson 0.54% 63,591 $11.8M Add +296.3%
P Everpure Inc. Class A filed as PURE STORAGE INC 0.53% 135,912 $11.4M New
COP Conocophillips 0.52% 119,895 $11.3M New
BZ Kanzhun Ltd. - ADR 0.52% 483,103 $11.3M New
EDU New Oriental Educatio-SP ADR 0.49% 198,540 $10.5M Add +110.8%
TRI Thomson Reuters Corp. 0.48% 66,597 $10.3M New
LNG Cheniere Energy Inc. 0.48% 43,991 $10.3M Add +13.9%
TEAM Atlassian Corp. Class A 0.48% 64,464 $10.3M New
VRSN Verisign Inc. 0.47% 36,369 $10.2M Add +1.6%
PEP Pepsico Inc. 0.47% 72,152 $10.1M New
JBL Jabil Inc. 0.46% 45,477 $9.9M Reduce -12.7%
FLEX Flex Ltd. 0.45% 166,834 $9.7M New
COF Capital One Financial Corp. 0.44% 44,634 $9.5M Add +169.7%
WMT Walmart Inc. 0.44% 91,834 $9.5M Add +478.7%
OSK Oshkosh Corp. 0.44% 72,922 $9.5M Add +6410.9%
VST Vistra Corp. 0.43% 47,550 $9.3M New
DAL Delta Air Lines Inc. 0.42% 161,950 $9.2M Add +35.9%
JOYY Joyy Inc.-ADR 0.40% 147,399 $8.6M Reduce -5.8%
NTES Netease Inc.-ADR 0.39% 55,781 $8.5M Reduce -25.5%
RBLX Roblox Corp. Class A 0.36% 56,141 $7.8M Add +39.1%
CTAS Cintas Corp. 0.35% 37,178 $7.6M New
CB Chubb Ltd. 0.34% 26,473 $7.5M New
QRVO Qorvo Inc. 0.34% 80,215 $7.3M New
NRG NRG Energy Inc. 0.33% 43,976 $7.1M Reduce -38.0%
TMO Thermo Fisher Scientific Inc. 0.33% 14,524 $7.0M Add +40.0%
UAL United Airlines Holdings Inc. 0.32% 72,376 $7.0M New
CDW CDW Corp. 0.31% 42,777 $6.8M New
CHRD Chord Energy Corp. 0.31% 68,487 $6.8M New
REGN Regeneron Pharmaceuticals 0.31% 11,958 $6.7M New
HPE Hewlett Packard Enterprise 0.30% 261,763 $6.4M Add +388.7%
TEL Te Connectivity PLC 0.29% 28,908 $6.3M Reduce -75.9%
AN Autonation Inc. 0.29% 28,981 $6.3M Add +104.7%
DOYU Douyu International Hold-ADR 0.29% 840,205 $6.3M Reduce -17.4%
BA The Boeing Co. 0.29% 28,801 $6.2M Add +8.6%
CHDN Churchill Downs Inc. 0.28% 63,579 $6.2M Add +373894.1%
SNOW Snowflake Inc. 0.28% 27,035 $6.1M Add +22.4%
KDP Keurig Dr Pepper Inc. 0.28% 238,725 $6.1M Add +389.5%
BMY Bristol-Myers Squibb Co. 0.28% 132,171 $6.0M New
NOW ServiceNow Inc. 0.27% 6,454 $5.9M New
ORLY O'reilly Automotive Inc. 0.27% 54,682 $5.9M New
DINO HF Sinclair Corp. 0.26% 109,020 $5.7M New
XOM Exxon Mobil Corp. 0.25% 48,888 $5.5M New
NTRA Natera Inc. 0.25% 34,159 $5.5M Add +634.1%
BIRK Birkenstock Holding PLC 0.25% 118,845 $5.4M Add +2.1%
ZBRA Zebra Technologies Corp. Class A 0.25% 18,028 $5.4M Add +158.5%
RERE Atrenew Inc. 0.24% 1,143,900 $5.3M New
MKC McCormick & Co.-Non VTG SHRS 0.23% 75,136 $5.0M Add +170.7%
SYK Stryker Corp. 0.23% 13,533 $5.0M New
XHB SS SPDR S&P Homebldrs ETF 0.23% 45,000 $5.0M New
FN Fabrinet 0.23% 13,585 $5.0M New
TER Teradyne Inc. 0.23% 35,739 $4.9M Add +70.8%
TRGP Targa Resources Corp. 0.22% 28,665 $4.8M Reduce -41.6%
EQH Equitable Holdings Inc. 0.22% 94,216 $4.8M New
MDB Mongodb Inc. 0.21% 14,882 $4.6M Reduce -44.3%
MANH Manhattan Associates Inc. 0.21% 21,947 $4.5M New
LLY Eli Lilly & Co. 0.21% 5,866 $4.5M Add +17.3%
AOS Smith (a.o.) Corp. 0.20% 58,994 $4.3M Add +195.7%
BFAM Bright Horizons Family Solut 0.20% 39,153 $4.3M Reduce -9.3%
MKTX Marketaxess Holdings Inc. 0.20% 24,351 $4.2M Add +260.1%
RMBS Rambus Inc. 0.19% 39,524 $4.1M New
HD Home Depot Inc. 0.19% 10,065 $4.1M New
ALC Alcon Inc. filed as ALCON AG 0.18% 52,224 $3.9M New
UBS UBS Group AG-Reg 0.18% 93,505 $3.8M New
OC Owens Corning 0.18% 26,951 $3.8M Reduce -58.3%
RGA Reinsurance Group of America 0.17% 19,626 $3.8M Add +13.6%
ALLY Ally Financial Inc. 0.17% 94,390 $3.7M Add +45.6%
SPOT Spotify Technology SA 0.17% 5,257 $3.7M New

Show all 428 holdings

Options reported separately and not counted above: QQQ calls ($12.0M), INDA calls ($994K).

Portfolio Sells Q2 2025 → Q3 2025
FUTU Futu Holdings Ltd.-ADR Sold out 0.00% −5.18
TPR Tapestry Inc. Sold out 0.00% −3.09
HSAI Hesai Group Sold out 0.00% −1.95
QFIN Qfin Holdings Inc.-ADR Reduce -28.5% 0.88% −1.90
COHR Coherent Corp. Reduce -42.0% 1.40% −1.60
ABBV Abbvie Inc. Sold out 0.00% −1.55
INTC Intel Corp. Sold out 0.00% −1.55
CME Cme Group Inc. Sold out 0.00% −1.44
APH Amphenol Corp. Class A Sold out 0.00% −1.38
UNP Union Pacific Corp. Sold out 0.00% −1.38
MA Mastercard Inc. Class A Sold out 0.00% −1.37
CAH Cardinal Health Inc. Reduce -48.4% 0.55% −1.17
TEL Te Connectivity PLC Reduce -75.9% 0.29% −1.11
ADBE Adobe Inc. Sold out 0.00% −1.05
SCHW Schwab (charles) Corp. Reduce -35.4% 0.75% −0.92
CSCO Cisco Systems Inc. Sold out 0.00% −0.84
MET Metlife Inc. Sold out 0.00% −0.82
KO The Coca-Cola Co. Sold out 0.00% −0.78
AMZN Amazon.com Inc. Reduce -17.7% 0.92% −0.76
MRSH Marsh & McLennan Cos Sold out 0.00% −0.67
CW Curtiss-Wright Corp. Reduce -88.3% 0.06% −0.67
PGR Progressive Corp. Sold out 0.00% −0.65
LMT Lockheed Martin Corp. Sold out 0.00% −0.64
CRM Salesforce Inc. Sold out 0.00% −0.62
LITE Lumentum Holdings Inc. Sold out 0.00% −0.60
ABNB Airbnb Inc. Class A Sold out 0.00% −0.57
GWRE Guidewire Software Inc. Reduce -71.7% 0.13% −0.57
GAP The Gap Inc. Reduce -93.8% 0.02% −0.54
ULTA Ulta Beauty Inc. Sold out 0.00% −0.54
JCI Johnson Controls Internation Sold out 0.00% −0.48
MTZ Mastec Inc. Reduce -96.0% 0.02% −0.47
NRG NRG Energy Inc. Reduce -38.0% 0.33% −0.46
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −0.45
OC Owens Corning Reduce -58.3% 0.18% −0.44
ROST Ross Stores Inc. Reduce -90.2% 0.04% −0.42
GD General Dynamics Corp. Sold out 0.00% −0.40
INSM Insmed Inc. Reduce -79.9% 0.09% −0.39
EQT Eqt Corp. Sold out 0.00% −0.39
NTNX Nutanix Inc. Class A Reduce -97.7% 0.01% −0.38
THC Tenet Healthcare Corp. Reduce -65.8% 0.13% −0.37
TRGP Targa Resources Corp. Reduce -41.6% 0.22% −0.37
LULU Lululemon Athletica Inc. Sold out 0.00% −0.36
VIPS Vipshop Holdings Ltd. - ADR Reduce -83.4% 0.06% −0.35
EW Edwards Lifesciences Corp. Sold out 0.00% −0.34
CPB The Campbell's Company Sold out 0.00% −0.33
JBL Jabil Inc. Reduce -12.7% 0.46% −0.33
FISV Fiserv Inc. Reduce -38.0% 0.15% −0.33
YSG Yatsen Holding Ltd.-ADR Reduce -70.7% 0.07% −0.33
FDX FedEx Corp. Sold out 0.00% −0.32
WAB Wabtec Corp. Reduce -50.7% 0.15% −0.32

Portfolio Buys Q2 2025 → Q3 2025
NVDA Nvidia Corp. Add +177.4% 11.55% +6.26
PDD PDD Holdings Inc. Add +215.6% 9.63% +6.00
PONY Pony AI Inc. New 5.74% +5.74
WWW Wolverine World Wide Inc. New 4.03% +4.03
WRD Weride Inc.-ADR Add +5436084.3% 2.21% +2.21
GOOG Alphabet Inc. Class C New 1.88% +1.88
WDC Western Digital Corp. New 1.56% +1.56
VNET Vnet Group Inc.-ADR Add +172.2% 2.40% +1.52
AVGO Broadcom Inc. New 1.19% +1.19
ZEPP Zepp Health Corp.-ADR New 1.16% +1.16
BTDR Bitdeer Technologies Group-A New 1.14% +1.14
FERG Ferguson Enterprises Inc. New 1.10% +1.10
STX Seagate Technology Holdings Add +255.8% 1.34% +1.00
BSX Boston Scientific Corp. Add +625.2% 1.22% +0.95
GDS GDS Holdings Ltd. - ADR New 0.93% +0.93
SNDK Sandisk Corp. New 0.92% +0.92
KKR KKR & Co. Inc. New 0.84% +0.84
AAOI Applied Optoelectronics Inc. New 0.77% +0.77
TTMI TTM Technologies Add +154.6% 1.26% +0.74
TSM Taiwan Semiconductor-SP ADR Add +104.8% 1.38% +0.56
CYD China Yuchai Intl Ltd. Add +275.2% 0.71% +0.55
P Everpure Inc. Class A New 0.53% +0.53
COP Conocophillips New 0.52% +0.52
BZ Kanzhun Ltd. - ADR New 0.52% +0.52
TRI Thomson Reuters Corp. New 0.48% +0.48
MAS Masco Corp. Add +231.7% 0.81% +0.48
TEAM Atlassian Corp. Class A New 0.48% +0.48
PEP Pepsico Inc. New 0.47% +0.47
FLEX Flex Ltd. New 0.45% +0.45
VST Vistra Corp. New 0.43% +0.43
OSK Oshkosh Corp. Add +6410.9% 0.44% +0.43
ANET Arista Networks Inc. Add +138.8% 0.76% +0.42
ONTO Onto Innovation Inc. Add +81.9% 1.08% +0.38
JNJ Johnson & Johnson Add +296.3% 0.54% +0.37
CTAS Cintas Corp. New 0.35% +0.35
CB Chubb Ltd. New 0.34% +0.34
QRVO Qorvo Inc. New 0.34% +0.34
WMT Walmart Inc. Add +478.7% 0.44% +0.33
UAL United Airlines Holdings Inc. New 0.32% +0.32
CDW CDW Corp. New 0.31% +0.31
CHRD Chord Energy Corp. New 0.31% +0.31
REGN Regeneron Pharmaceuticals New 0.31% +0.31
HON Honeywell International Inc. Add +176.0% 0.76% +0.30
CHDN Churchill Downs Inc. Add +373894.1% 0.28% +0.28
BMY Bristol-Myers Squibb Co. New 0.28% +0.28
NOW ServiceNow Inc. New 0.27% +0.27
ORLY O'reilly Automotive Inc. New 0.27% +0.27
DINO HF Sinclair Corp. New 0.26% +0.26
XOM Exxon Mobil Corp. New 0.25% +0.25
RERE Atrenew Inc. New 0.24% +0.24

Options Activity Q2 2025 → Q3 2025
SMH Vaneck Semiconductor ETF call Sold out 105,000 $29.3Mbefore exit
IWM iShares Russell 2000 ETF call Sold out 110,000 $23.7Mbefore exit
QQQ Invesco QQQ Trust Series 1 call Reduce -66.7% 20,000 $12.0M
SPY SS SPDR S&P 500 ETF Trust-US call Sold out 10,000 $6.2Mbefore exit
EWZ iShares MSCI Brazil ETF call Sold out 150,000 $4.3Mbefore exit
XLF SS Financial Select Sector call Sold out 50,000 $2.6Mbefore exit
INDA iShares MSCI India ETF call New 19,100 $994K
KWEB Kranesh Csi China Internet call Sold out 20,000 $687Kbefore exit
ARKK ARK Innovation ETF put Sold out 5,600 $394Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 428$2.2BNVDA, PDD, PONY, WWW, AS
Q2 2025 427$1.4BNVDA, FUTU, AS, PDD, TPR
Q1 2025 450$1.4BTPR, FUTU, VNET, QFIN, CRDO
Q4 2024 372$1.6BNVDA, FUTU, TPR, JOYY, BABA
Q3 2024 427$1.4BJD, NVDA, JOYY, TSM, AS
Q2 2024 419$1.6BNTES, EDU, JOYY, BABA, AS
Q1 2024 507$2.0BEDU, PDD, JOYY, NVDA, NTES