Point72 Hong Kong Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Point72 Hong Kong Ltd reported 450 stock positions worth $1.4 billion. Its top holding was Tapestry (TPR) at 8.1% of the portfolio, followed by Futu Holdings Ltd.-ADR (FUTU, 5.2%) and Vnet Group Inc.-ADR (VNET, 3.4%). Compared with Q4 2024, it opened 281 new positions, sold out of 203, added to 85 and reduced 83. The biggest buy was Tapestry (TPR, shares +59%) and the biggest sale an exit from Nvidia (NVDA).
- Most Recent 13F
- Q3 2025
- Location
- Hong Kong, K3
- CIK
- 0001599822
- Portfolio Value
- $1.4B (Q1 2025)
- SEC Filing
- 0000902664-25-002402 ↗ filed May 15, 2025
Holdings Value
Holdings 450 stocks · $1.4B
| TPR Tapestry Inc. | 8.06% | 1,603,264 | $112.9M | Add +59.3% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 5.19% | 709,981 | $72.7M | Reduce -14.6% |
| VNET Vnet Group Inc.-ADR | 3.39% | 5,793,684 | $47.5M | New |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 2.80% | 871,823 | $39.2M | Add +44.9% |
| CRDO Credo Technology Group Holdi | 2.75% | 960,646 | $38.6M | Add +140.4% |
| BABA Alibaba Group Holding-SP ADR | 2.46% | 260,388 | $34.4M | Reduce -52.2% |
| ADI Analog Devices Inc. | 2.02% | 140,500 | $28.3M | New |
| PG The Procter & Gamble Co. | 1.96% | 160,813 | $27.4M | New |
| LVS Las Vegas Sands Corp. | 1.52% | 550,140 | $21.3M | New |
| OLED Universal Display Corp. | 1.43% | 143,415 | $20.0M | Add +0.1% |
| HUBS HubSpot Inc. | 1.39% | 33,959 | $19.4M | Add +476.9% |
| YMM Full Truck Alliance -SPN ADR | 1.29% | 1,418,459 | $18.1M | New |
| NTES Netease Inc.-ADR | 1.28% | 174,689 | $18.0M | Add +25.1% |
| ACMR Acm Research Inc. Class A | 1.27% | 761,157 | $17.8M | New |
| TEAM Atlassian Corp. Class A | 1.20% | 79,292 | $16.8M | Add +69.5% |
| BSX Boston Scientific Corp. | 1.16% | 161,682 | $16.3M | Add +658.4% |
| CMG Chipotle Mexican Grill Inc. | 1.13% | 315,514 | $15.8M | Add +152.0% |
| HUM Humana Inc. | 1.13% | 59,651 | $15.8M | Add +691.6% |
| KO The Coca-Cola Co. | 1.10% | 214,345 | $15.4M | New |
| DECK Deckers Outdoor Corp. | 1.06% | 133,043 | $14.9M | Add +35.3% |
| INTC Intel Corp. | 1.05% | 647,267 | $14.7M | New |
| PNC PNC Financial Services Group | 1.03% | 81,997 | $14.4M | Add +517.3% |
| AMD Advanced Micro Devices | 0.93% | 126,664 | $13.0M | New |
| ZIM Zim Integrated Shipping Serv | 0.91% | 875,200 | $12.8M | New |
| BTDR Bitdeer Technologies Group-A | 0.88% | 1,403,017 | $12.4M | Add +184.4% |
| CMI Cummins Inc. | 0.87% | 39,077 | $12.2M | Add +113.2% |
| PDD PDD Holdings Inc. | 0.86% | 101,779 | $12.0M | New |
| RACE Ferrari NV | 0.83% | 27,312 | $11.7M | New |
| AAOI Applied Optoelectronics Inc. | 0.81% | 742,734 | $11.4M | New |
| VSXY Victoria's Secret & Co. | 0.79% | 597,194 | $11.1M | Reduce -34.4% |
| META Meta Platforms Inc. Class A | 0.79% | 19,125 | $11.0M | Add +405.8% |
| CSCO Cisco Systems Inc. | 0.76% | 172,684 | $10.7M | Add +1240.6% |
| LMT Lockheed Martin Corp. | 0.75% | 23,528 | $10.5M | New |
| ADBE Adobe Inc. | 0.74% | 27,184 | $10.4M | New |
| FLUT Flutter Entertainment PLC-Di | 0.74% | 46,600 | $10.3M | Add +313.5% |
| AVGO Broadcom Inc. | 0.73% | 60,750 | $10.2M | New |
| SIMO Silicon Motion Technol-ADR | 0.71% | 198,011 | $10.0M | New |
| CAH Cardinal Health Inc. | 0.70% | 70,810 | $9.8M | Reduce -13.3% |
| SCHW Schwab (charles) Corp. | 0.64% | 114,647 | $9.0M | Reduce -69.8% |
| GILD Gilead Sciences Inc. | 0.64% | 79,958 | $9.0M | Reduce -33.9% |
| MPWR Monolithic Power Systems Inc. | 0.64% | 15,401 | $8.9M | New |
| KR Kroger Co. | 0.61% | 125,698 | $8.5M | New |
| SPOT Spotify Technology SA | 0.59% | 14,985 | $8.2M | Reduce -43.8% |
| GLW Corning Inc. | 0.57% | 175,879 | $8.1M | Reduce -53.1% |
| A Agilent Technologies Inc. | 0.55% | 65,896 | $7.7M | New |
| DOYU Douyu International Hold-ADR | 0.55% | 1,027,067 | $7.7M | Add +43.7% |
| CIEN Ciena Corp. | 0.54% | 125,817 | $7.6M | Add +587.2% |
| NET Cloudflare Inc. Class A | 0.53% | 66,065 | $7.4M | New |
| FIVE Five Below | 0.53% | 98,800 | $7.4M | Add +305.8% |
| H Hyatt Hotels Corp. Class A | 0.52% | 59,218 | $7.3M | New |
| VEEV Veeva Systems Inc. Class A | 0.52% | 31,210 | $7.2M | Add +39.8% |
| SNOW Snowflake Inc. | 0.50% | 47,503 | $6.9M | New |
| SHW The Sherwin-Williams Co. | 0.49% | 19,828 | $6.9M | Add +105.3% |
| ECL Ecolab Inc. | 0.48% | 26,793 | $6.8M | Add +502.5% |
| EVR Evercore Inc. Class A | 0.48% | 33,964 | $6.8M | New |
| DD Dupont DE Nemours Inc. | 0.48% | 90,338 | $6.7M | Add +112.7% |
| ED Consolidated Edison Inc. | 0.42% | 52,754 | $5.8M | New |
| LX Lexinfintech Holdings L-ADR | 0.42% | 577,351 | $5.8M | Add +375.8% |
| QRVO Qorvo Inc. | 0.42% | 80,413 | $5.8M | Add +11.1% |
| FERG Ferguson Enterprises Inc. | 0.41% | 35,759 | $5.7M | Reduce -38.0% |
| GRAB Grab Holdings Ltd. Class A | 0.41% | 1,253,746 | $5.7M | New |
| ALC Alcon Inc. filed as ALCON AG | 0.39% | 56,830 | $5.4M | New |
| AMZN Amazon.com Inc. | 0.38% | 27,766 | $5.3M | Reduce -68.0% |
| DOCS Doximity Inc. Class A | 0.36% | 87,310 | $5.1M | Add +562.1% |
| LITE Lumentum Holdings Inc. | 0.36% | 81,264 | $5.1M | Reduce -74.1% |
| MELI MercadoLibre Inc. | 0.36% | 2,585 | $5.0M | New |
| DXCM Dexcom Inc. | 0.36% | 73,021 | $5.0M | Add +711.1% |
| LLY Eli Lilly & Co. | 0.35% | 5,941 | $4.9M | Reduce -50.5% |
| CW Curtiss-Wright Corp. | 0.35% | 15,260 | $4.8M | New |
| SE Sea Ltd.-ADR | 0.35% | 37,100 | $4.8M | Reduce -13.8% |
| RGA Reinsurance Group of America | 0.34% | 24,361 | $4.8M | Add +2606.8% |
| AN Autonation Inc. | 0.34% | 29,479 | $4.8M | New |
| VST Vistra Corp. | 0.34% | 40,062 | $4.7M | Reduce -21.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.33% | 10,000 | $4.7M | New |
| MORN Morningstar Inc. | 0.33% | 15,543 | $4.7M | Add +2302.3% |
| TEL Te Connectivity PLC | 0.33% | 32,769 | $4.6M | New |
| RBRK Rubrik Inc. Class A | 0.33% | 75,393 | $4.6M | Add +10488.9% |
| SLAB Silicon Laboratories Inc. | 0.32% | 39,582 | $4.5M | New |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.31% | 98,000 | $4.3M | Add +7634.8% |
| SYY Sysco Corp. | 0.31% | 57,262 | $4.3M | New |
| YUM Yum! Brands Inc. | 0.31% | 27,222 | $4.3M | New |
| MLCO Melco Resorts & Entert-ADR | 0.30% | 804,394 | $4.2M | New |
| RGEN Repligen Corp. | 0.30% | 32,895 | $4.2M | New |
| CDW CDW Corp. | 0.30% | 26,100 | $4.2M | New |
| WM Waste Management Inc. | 0.30% | 17,865 | $4.1M | New |
| ADSK Autodesk Inc. | 0.29% | 15,574 | $4.1M | New |
| CLH Clean Harbors Inc. | 0.28% | 20,092 | $4.0M | Add +1417.5% |
| AXON Axon Enterprise Inc. | 0.28% | 7,521 | $4.0M | Add +16.9% |
| UBS UBS Group AG-Reg | 0.28% | 128,319 | $3.9M | New |
| AVA Avista Corp. | 0.28% | 93,811 | $3.9M | New |
| FNF Fidelity National Financial | 0.28% | 60,269 | $3.9M | Add +3022.8% |
| KDP Keurig Dr Pepper Inc. | 0.27% | 110,673 | $3.8M | Add +544.5% |
| FE Firstenergy Corp. | 0.27% | 93,362 | $3.8M | New |
| ITT Itt Inc. | 0.27% | 28,758 | $3.7M | Add +595.6% |
| PNW Pinnacle West Capital | 0.26% | 38,696 | $3.7M | Add +92.8% |
| TXRH Texas Roadhouse Inc. | 0.26% | 22,097 | $3.7M | Add +40.4% |
| PCTY Paylocity Holding Corp. | 0.26% | 19,600 | $3.7M | Add +1519.8% |
| ABG Asbury Automotive Group | 0.26% | 16,604 | $3.7M | New |
| COP Conocophillips | 0.26% | 34,818 | $3.7M | Reduce -46.1% |
| DQ Daqo New Energy Corp.-ADR | 0.26% | 201,884 | $3.7M | Add +19.4% |
Options reported separately and not counted above: SPY calls ($55.9M), HYG puts ($39.4M), GDX calls ($23.0M), FXI calls ($21.5M), QQQ puts ($4.7M), QQQ calls ($4.7M), IGV calls ($4.4M), SMH calls ($4.2M), INDA calls ($3.6M), KWEB calls ($3.5M), ASHR calls ($2.7M), SILJ calls ($970K), and 2 more.
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Sold out | 0.00% | −10.31 |
| JOYY Joyy Inc.-ADR | Sold out | 0.00% | −3.92 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −2.07 |
| MXL Maxlinear Inc. | Reduce -99.1% | 0.01% | −1.59 |
| VSXY Victoria's Secret & Co. | Reduce -34.4% | 0.79% | −1.56 |
| KLIC Kulicke & Soffa Industries | Reduce -99.8% | 0.00% | −1.50 |
| AS Amer Sports Inc. | Sold out | 0.00% | −1.44 |
| EDU New Oriental Educatio-SP ADR | Sold out | 0.00% | −1.38 |
| MCK McKesson Corp. | Sold out | 0.00% | −1.36 |
| LITE Lumentum Holdings Inc. | Reduce -74.1% | 0.36% | −1.28 |
| HIMX Himax Technologies Inc.-ADR | Sold out | 0.00% | −1.15 |
| SCHW Schwab (charles) Corp. | Reduce -69.8% | 0.64% | −1.11 |
| GRMN Garmin Ltd. | Reduce -94.8% | 0.07% | −1.11 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −1.09 |
| APH Amphenol Corp. Class A | Sold out | 0.00% | −1.01 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.95 |
| TSEM Tower Semiconductor Ltd. | Reduce -84.6% | 0.13% | −0.93 |
| NUE Nucor Corp. | Sold out | 0.00% | −0.88 |
| AMZN Amazon.com Inc. | Reduce -68.0% | 0.38% | −0.81 |
| MKSI MKS Inc. | Sold out | 0.00% | −0.81 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.79 |
| LHX L3HARRIS Technologies Inc. | Sold out | 0.00% | −0.75 |
| BF.B Brown-Forman Corp. Class B | Sold out | 0.00% | −0.69 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.63 |
| TRGP Targa Resources Corp. | Sold out | 0.00% | −0.59 |
| WFC Wells Fargo & Co. | Reduce -92.1% | 0.06% | −0.58 |
| STT State Street Corp. | Reduce -96.7% | 0.02% | −0.56 |
| GLW Corning Inc. | Reduce -53.1% | 0.57% | −0.54 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.53 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.53 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.52 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.50 |
| PKG Packaging Corp. of America | Reduce -75.7% | 0.16% | −0.50 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.46 |
| CSL Carlisle Cos Inc. | Sold out | 0.00% | −0.44 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −0.44 |
| ZTS Zoetis Inc. | Reduce -71.5% | 0.21% | −0.43 |
| BABA Alibaba Group Holding-SP ADR | Reduce -52.2% | 2.46% | −0.43 |
| SMTC Semtech Corp. | Sold out | 0.00% | −0.42 |
| OC Owens Corning | Reduce -80.1% | 0.10% | −0.42 |
| SYF Synchrony Financial | Sold out | 0.00% | −0.41 |
| ALGN Align Technology Inc. | Sold out | 0.00% | −0.40 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.39 |
| PM Philip Morris International | Sold out | 0.00% | −0.38 |
| GDS GDS Holdings Ltd. - ADR | Reduce -89.0% | 0.06% | −0.37 |
| MDB Mongodb Inc. | Reduce -69.9% | 0.13% | −0.36 |
| MAN Manpowergroup Inc. | Reduce -99.3% | 0.00% | −0.32 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −0.32 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.32 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -100.0% | 0.00% | −0.32 |
Portfolio Buys Q4 2024 → Q1 2025
| TPR Tapestry Inc. | Add +59.3% | 8.06% | +3.96 |
| VNET Vnet Group Inc.-ADR | New | 3.39% | +3.39 |
| ADI Analog Devices Inc. | New | 2.02% | +2.02 |
| PG The Procter & Gamble Co. | New | 1.96% | +1.96 |
| LVS Las Vegas Sands Corp. | New | 1.52% | +1.52 |
| QFIN Qfin Holdings Inc.-ADR | Add +44.9% | 2.80% | +1.36 |
| YMM Full Truck Alliance -SPN ADR | New | 1.29% | +1.29 |
| ACMR Acm Research Inc. Class A | New | 1.27% | +1.27 |
| HUBS HubSpot Inc. | Add +476.9% | 1.39% | +1.13 |
| KO The Coca-Cola Co. | New | 1.10% | +1.10 |
| CRDO Credo Technology Group Holdi | Add +140.4% | 2.75% | +1.08 |
| INTC Intel Corp. | New | 1.05% | +1.05 |
| BSX Boston Scientific Corp. | Add +658.4% | 1.16% | +1.05 |
| HUM Humana Inc. | Add +691.6% | 1.13% | +1.01 |
| AMD Advanced Micro Devices | New | 0.93% | +0.93 |
| ZIM Zim Integrated Shipping Serv | New | 0.91% | +0.91 |
| PNC PNC Financial Services Group | Add +517.3% | 1.03% | +0.87 |
| PDD PDD Holdings Inc. | New | 0.86% | +0.86 |
| RACE Ferrari NV | New | 0.83% | +0.83 |
| AAOI Applied Optoelectronics Inc. | New | 0.81% | +0.81 |
| LMT Lockheed Martin Corp. | New | 0.75% | +0.75 |
| ADBE Adobe Inc. | New | 0.74% | +0.74 |
| AVGO Broadcom Inc. | New | 0.73% | +0.73 |
| SIMO Silicon Motion Technol-ADR | New | 0.71% | +0.71 |
| CSCO Cisco Systems Inc. | Add +1240.6% | 0.76% | +0.71 |
| CMG Chipotle Mexican Grill Inc. | Add +152.0% | 1.13% | +0.66 |
| META Meta Platforms Inc. Class A | Add +405.8% | 0.79% | +0.65 |
| MPWR Monolithic Power Systems Inc. | New | 0.64% | +0.64 |
| KR Kroger Co. | New | 0.61% | +0.61 |
| FLUT Flutter Entertainment PLC-Di | Add +313.5% | 0.74% | +0.56 |
| A Agilent Technologies Inc. | New | 0.55% | +0.55 |
| NET Cloudflare Inc. Class A | New | 0.53% | +0.53 |
| H Hyatt Hotels Corp. Class A | New | 0.52% | +0.52 |
| NTES Netease Inc.-ADR | Add +25.1% | 1.28% | +0.51 |
| SNOW Snowflake Inc. | New | 0.50% | +0.50 |
| TEAM Atlassian Corp. Class A | Add +69.5% | 1.20% | +0.49 |
| EVR Evercore Inc. Class A | New | 0.48% | +0.48 |
| CMI Cummins Inc. | Add +113.2% | 0.87% | +0.48 |
| CIEN Ciena Corp. | Add +587.2% | 0.54% | +0.45 |
| ECL Ecolab Inc. | Add +502.5% | 0.48% | +0.42 |
| ED Consolidated Edison Inc. | New | 0.42% | +0.42 |
| GRAB Grab Holdings Ltd. Class A | New | 0.41% | +0.41 |
| ALC Alcon Inc. | New | 0.39% | +0.39 |
| LX Lexinfintech Holdings L-ADR | Add +375.8% | 0.42% | +0.37 |
| FIVE Five Below | Add +305.8% | 0.53% | +0.37 |
| MELI MercadoLibre Inc. | New | 0.36% | +0.36 |
| CW Curtiss-Wright Corp. | New | 0.35% | +0.35 |
| AN Autonation Inc. | New | 0.34% | +0.34 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.33% | +0.33 |
| TEL Te Connectivity PLC | New | 0.33% | +0.33 |
Options Activity Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +233.3% | 100,000 | $55.9M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 500,000 | $39.4M |
| GDX Vaneck Gold Miners ETF | call | New | 500,000 | $23.0M |
| FXI iShares China Large-Cap ETF | call | Add +100.0% | 600,000 | $21.5M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 10,000 | $4.7M |
| IGV iShares Expanded Tech-Softwa | call | New | 50,000 | $4.4M |
| SMH Vaneck Semiconductor ETF | call | Add +100.0% | 20,000 | $4.2M |
| INDA iShares MSCI India ETF | call | New | 70,000 | $3.6M |
| KWEB Kranesh Csi China Internet | call | New | 100,000 | $3.5M |
| ASHR Xtrackers Harvest Csi 300 CH | call | New | 100,000 | $2.7M |
| SILJ Amplify Junior Silver Miners | call | New | 80,000 | $970K |
| XLK SS Technology Select Sector | call | Sold out | 2,500 | $581Kbefore exit |
| ARKK ARK Innovation ETF | call | Sold out | 10,000 | $568Kbefore exit |
| KWEB Kranesh Csi China Internet | put | New | 10,000 | $349K |
| EWZ iShares MSCI Brazil ETF | call | New | 10,000 | $259K |
| SILJ Amplify Junior Silver Miners | put | Sold out | 20,000 | $199Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 428 | $2.2B | NVDA, PDD, PONY, WWW, AS |
| Q2 2025 | 427 | $1.4B | NVDA, FUTU, AS, PDD, TPR |
| Q1 2025 | 450 | $1.4B | TPR, FUTU, VNET, QFIN, CRDO |
| Q4 2024 | 372 | $1.6B | NVDA, FUTU, TPR, JOYY, BABA |
| Q3 2024 | 427 | $1.4B | JD, NVDA, JOYY, TSM, AS |
| Q2 2024 | 419 | $1.6B | NTES, EDU, JOYY, BABA, AS |
| Q1 2024 | 507 | $2.0B | EDU, PDD, JOYY, NVDA, NTES |