Polymer Capital Management (HK) LTD

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Polymer Capital Management (HK) LTD reported 140 stock positions worth $984.8 million. Its top holding was Sandisk (SNDK) at 7.7% of the portfolio, followed by Eli Lilly (LLY, 6.9%) and Nvidia (NVDA, 6.5%). Compared with Q1 2026, it opened 63 new positions, sold out of 70, added to 40 and reduced 35. The biggest buy was Applied Materials (AMAT, shares +1747%) and the biggest sale an exit from SPDR Gold Shares (GLD).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001970465
Portfolio Value
$984.8M (Q2 2026)
SEC Filing
0001970465-26-000006 ↗ filed Aug 13, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $397.2M Q1 2024 Q2 2024: $493.1M Q2 2024 Q3 2024: $432.1M Q3 2024 Q4 2024: $570.8M Q4 2024 Q1 2025: $576.3M Q1 2025 Q2 2025: $638.4M Q2 2025 Q3 2025: $718.9M Q3 2025 Q4 2025: $642.5M Q4 2025 Q1 2026: $713.5M Q1 2026 Q2 2026: $984.8M $984.8M Q2 2026

Holdings 140 stocks · $984.8M
SNDK Sandisk Corp. 7.74% 33,521 $76.2M Reduce -46.0%
LLY Eli Lilly & Co. 6.89% 56,607 $67.9M Add +30.3%
NVDA Nvidia Corp. 6.53% 321,441 $64.3M Reduce -23.7%
AMAT Applied Materials Inc. 4.55% 61,986 $44.8M Add +1747.0%
MU Micron Technology Inc. 3.51% 29,958 $34.6M Add +6.0%
PDD PDD Holdings Inc. 3.35% 432,300 $33.0M Add +4.6%
BE Bloom Energy Corp. Class A 3.22% 104,649 $31.7M Add +422.5%
TSM Taiwan Semiconductor-SP ADR 3.05% 62,849 $30.0M Reduce -32.9%
DRAM Roundhill Memory ETF 2.58% 343,498 $25.4M New
ALNY Alnylam Pharmaceuticals Inc. 1.99% 64,957 $19.6M Add +12.4%
AMD Advanced Micro Devices 1.98% 33,629 $19.5M Reduce -21.5%
CRDO Credo Technology Group Holdi 1.73% 62,687 $17.0M New
FRO Frontline PLC 1.72% 486,276 $16.9M Add +73.7%
XBI SS SPDR S&P Biotech ETF 1.69% 105,300 $16.7M New
WDC Western Digital Corp. 1.61% 24,764 $15.8M Add +22.6%
IONS Ionis Pharmaceuticals Inc. 1.43% 177,897 $14.1M Add +190.7%
KBWB Invesco KBW Bank ETF 1.43% 151,492 $14.1M New
DUOL Duolingo 1.43% 122,300 $14.1M New
LRCX Lam Research Corp. 1.31% 29,776 $12.9M New
IREN Iren Ltd. filed as IREN LIMITED 1.22% 262,800 $12.0M Add +4.0%
VIPS Vipshop Holdings Ltd. - ADR 1.22% 903,300 $12.0M Reduce -3.1%
CYTK Cytokinetics Inc. 1.20% 138,255 $11.8M New
APH Amphenol Corp. Class A 1.16% 64,676 $11.4M New
AS Amer Sports Inc. 1.07% 312,652 $10.6M Add +25.4%
GIL Gildan Activewear Inc. 1.02% 195,139 $10.1M Reduce -18.5%
XLI SS Industrial Select Sector 1.01% 53,900 $10.0M Add +413.3%
TXN Texas Instruments Inc. 0.95% 31,515 $9.4M New
ERAS Erasca Inc. 0.89% 478,020 $8.8M Add +33.6%
AMZN Amazon.com Inc. 0.88% 36,360 $8.7M Reduce -23.6%
MOD Modine Manufacturing Co. 0.88% 32,442 $8.7M Reduce -11.8%
BIIB Biogen Inc. 0.85% 38,665 $8.4M New
AVGO Broadcom Inc. 0.84% 22,030 $8.3M Add +31.8%
XLF SS Financial Select Sector 0.83% 152,781 $8.2M Add +120.5%
NTES Netease Inc.-ADR 0.83% 63,694 $8.2M New
SPCX Space Exploration Techn Class A 0.82% 47,409 $8.1M New
IBKR Interactive Brokers Gro Class A 0.81% 91,876 $8.0M Add +261.9%
GOOG Alphabet Inc. Class C 0.75% 20,836 $7.4M Reduce -53.6%
LITE Lumentum Holdings Inc. 0.74% 8,509 $7.3M Reduce -19.5%
INTC Intel Corp. 0.73% 51,594 $7.2M Add +8.0%
BAC Bank of America Corp. 0.73% 126,344 $7.2M New
ETN Eaton Corp. PLC 0.71% 16,358 $7.0M Add +80.8%
TPR Tapestry Inc. 0.62% 41,764 $6.1M Reduce -39.6%
ASX Ase Technology Holding -ADR 0.62% 134,502 $6.1M Reduce -69.7%
STX Seagate Technology Holdings 0.61% 6,266 $6.0M New
TTWO Take-Two Interactive Softwre 0.54% 21,156 $5.3M Add +67.0%
GOOGL Alphabet Inc. Class A 0.54% 14,798 $5.3M Add +27.3%
AEIS Advanced Energy Industries 0.53% 14,119 $5.3M New
NET Cloudflare Inc. Class A 0.52% 20,879 $5.1M Add +168.3%
COPX Global X Copper Miners ETF 0.52% 66,000 $5.1M New
NOK Nokia Corp.-Spon ADR 0.51% 380,741 $5.1M Add +6.7%
ABNB Airbnb Inc. Class A 0.51% 35,000 $5.0M Reduce -6.4%
LEGN Legend Biotech Corp.-ADR 0.48% 165,209 $4.8M New
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.48% 2,362 $4.7M New
GLW Corning Inc. 0.47% 18,172 $4.6M Reduce -75.0%
BILI Bilibili Inc.-Sponsored ADR 0.47% 270,000 $4.6M Add +29.7%
ENTG Entegris Inc. 0.44% 24,105 $4.3M New
ONTO Onto Innovation Inc. 0.44% 11,400 $4.3M New
HOOD Robinhood Markets Inc. Class A 0.44% 42,800 $4.3M New
FORM Formfactor Inc. 0.41% 25,000 $4.0M Add +110.1%
CRVS Corvus Pharmaceuticals Inc. 0.40% 263,662 $3.9M Add +43.9%
UBS UBS Group AG-Reg 0.40% 78,801 $3.9M New
MPWR Monolithic Power Systems Inc. 0.38% 2,720 $3.8M Add +23.1%
H Hyatt Hotels Corp. Class A 0.37% 18,802 $3.6M Reduce -6.9%
SMMT Summit Therapeutics Inc. 0.33% 224,853 $3.3M Add +69.0%
ONON On Holding AG Class A filed as ON HLDG AG 0.33% 92,118 $3.3M New
EDU New Oriental Educatio-SP ADR 0.33% 70,826 $3.3M Reduce -34.3%
BABA Alibaba Group Holding-SP ADR 0.32% 33,300 $3.2M Reduce -33.1%
UMC United Microelectron-SP ADR 0.32% 115,074 $3.1M New
KO The Coca-Cola Co. 0.31% 38,132 $3.1M New
DASH DoorDash Inc. Class A 0.31% 16,355 $3.0M New
ARWR Arrowhead Pharmaceuticals Inc. 0.30% 36,800 $3.0M New
UBER Uber Technologies Inc. 0.29% 39,400 $2.8M New
INIO Innio NV 0.28% 70,000 $2.8M New
PI Impinj Inc. 0.27% 18,769 $2.7M New
TWLO Twilio Inc. Class A 0.27% 13,000 $2.7M New
SEI Solaris Energy Infrastructur 0.27% 33,225 $2.7M Add +107.7%
UTI Universal Technical Institut 0.26% 60,000 $2.6M New
LINC Lincoln Educational Services 0.25% 50,000 $2.5M New
ARM Arm Holdings PLC-ADR 0.25% 7,001 $2.5M Reduce -54.6%
SOXL Direx Dail Semi Bu 3X Et-Usd 0.24% 8,800 $2.3M New
TER Teradyne Inc. 0.24% 4,815 $2.3M Add +148.3%
REGN Regeneron Pharmaceuticals 0.23% 3,704 $2.3M Add +194.2%
FLEX Flex Ltd. 0.23% 13,701 $2.2M Add +44.6%
V Visa Inc. Class A 0.21% 6,077 $2.1M Reduce -4.3%
DFTX Definium Therapeutics Inc. 0.21% 44,100 $2.1M New
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED 0.21% 24,400 $2.0M New
LIN Linde PLC 0.20% 3,876 $2.0M Add +27.5%
MLTX Moonlake Immunotherapeutics 0.20% 100,463 $2.0M New
HMC Honda Motor Co. Ltd.-Spons ADR 0.20% 72,000 $2.0M New
DB Deutsche Bank AG-Registered 0.19% 56,177 $1.9M New
SPY SS SPDR S&P 500 ETF Trust-US 0.19% 2,480 $1.9M Reduce -82.7%
GRAB Grab Holdings Ltd. Class A 0.17% 452,401 $1.7M Reduce -57.9%
URI United Rentals Inc. 0.17% 1,492 $1.7M New
MS Morgan Stanley 0.17% 8,034 $1.7M New
JD Jd.com Inc.-ADR 0.16% 63,200 $1.6M Reduce -74.2%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.15% 20,600 $1.5M New
SITM Sitime Corp. 0.15% 2,000 $1.5M Reduce -73.3%
CTAS Cintas Corp. 0.15% 8,500 $1.4M Reduce -22.0%
NRIX Nurix Therapeutics Inc. 0.15% 58,898 $1.4M No change
YUMC Yum China Holdings Inc. 0.14% 34,150 $1.4M Add +488.8%

Show all 140 holdings

Options reported separately and not counted above: SMH puts ($553.9M), QQQ puts ($434.0M), TXN calls ($2.4M).

Portfolio Sells Q1 2026 → Q2 2026
GLD SPDR Gold Shares Sold out 0.00% −4.65
NVDA Nvidia Corp. Reduce -23.7% 6.53% −3.76
XLE SS Energy Select Sector Sold out 0.00% −1.85
PANW Palo Alto Networks Inc. Sold out 0.00% −1.64
FUTU Futu Holdings Ltd.-ADR Sold out 0.00% −1.47
TSM Taiwan Semiconductor-SP ADR Reduce -32.9% 3.05% −1.39
SPY SS SPDR S&P 500 ETF Trust-US Reduce -82.7% 0.19% −1.12
GOOG Alphabet Inc. Class C Reduce -53.6% 0.75% −1.06
COHR Coherent Corp. Sold out 0.00% −1.01
GLW Corning Inc. Reduce -75.0% 0.47% −0.92
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.90
JD Jd.com Inc.-ADR Reduce -74.2% 0.16% −0.85
GIL Gildan Activewear Inc. Reduce -18.5% 1.02% −0.84
VIPS Vipshop Holdings Ltd. - ADR Reduce -3.1% 1.22% −0.84
AXTI Axt Inc. Reduce -87.5% 0.11% −0.82
TSEM Tower Semiconductor Ltd. Sold out 0.00% −0.81
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −0.80
NVDY Yieldmax Nvda Option Inc. ETF Sold out 0.00% −0.80
DIA SS SPDR Dow Jones Indus Avg Sold out 0.00% −0.77
TPR Tapestry Inc. Reduce -39.6% 0.62% −0.75
ASX Ase Technology Holding -ADR Reduce -69.7% 0.62% −0.73
SOXX iShares Semiconductor ETF Sold out 0.00% −0.64
MRK Merck & Co. Inc. Reduce -81.0% 0.11% −0.61
IVV iShares Core S&P 500 ETF Sold out 0.00% −0.59
BABA Alibaba Group Holding-SP ADR Reduce -33.1% 0.32% −0.55
META Meta Platforms Inc. Class A Sold out 0.00% −0.54
EDU New Oriental Educatio-SP ADR Reduce -34.3% 0.33% −0.52
AMZN Amazon.com Inc. Reduce -23.6% 0.88% −0.51
SE Sea Ltd.-ADR Reduce -74.3% 0.14% −0.50
XLP SS Consumer Staples Sel Sect Sold out 0.00% −0.43
GDS GDS Holdings Ltd. - ADR Sold out 0.00% −0.43
AVBP Arrivent Biopharma Inc. Sold out 0.00% −0.40
GRAB Grab Holdings Ltd. Class A Reduce -57.9% 0.17% −0.38
IWM iShares Russell 2000 ETF Sold out 0.00% −0.37
MANE Veradermics Inc. Sold out 0.00% −0.37
DHT DHT Holdings Inc. Sold out 0.00% −0.34
XLY SS Consumer Disc Select Sect Sold out 0.00% −0.34
UNH Unitedhealth Group Inc. Sold out 0.00% −0.32
RVMD Revolution Medicines Inc. Sold out 0.00% −0.32
LITE Lumentum Holdings Inc. Reduce -19.5% 0.74% −0.30
SN Sharkninja Inc. Sold out 0.00% −0.30
AAPL Apple Inc. Sold out 0.00% −0.29
SPOT Spotify Technology SA Sold out 0.00% −0.25
XLK SS Technology Select Sector Sold out 0.00% −0.25
MOD Modine Manufacturing Co. Reduce -11.8% 0.88% −0.24
XLU St Sr Utl SL SE SPDR ETF-Usd Sold out 0.00% −0.24
GNRC Generac Holdings Inc. Sold out 0.00% −0.21
SITM Sitime Corp. Reduce -73.3% 0.15% −0.21
XPEV Xpeng Inc. - ADR Sold out 0.00% −0.21
FSLY Fastly Inc. Class A Sold out 0.00% −0.20

Portfolio Buys Q1 2026 → Q2 2026
AMAT Applied Materials Inc. Add +1747.0% 4.55% +4.39
BE Bloom Energy Corp. Class A Add +422.5% 3.22% +2.84
DRAM Roundhill Memory ETF New 2.58% +2.58
MU Micron Technology Inc. Add +6.0% 3.51% +2.17
CRDO Credo Technology Group Holdi New 1.73% +1.73
XBI SS SPDR S&P Biotech ETF New 1.69% +1.69
KBWB Invesco KBW Bank ETF New 1.43% +1.43
DUOL Duolingo New 1.43% +1.43
LRCX Lam Research Corp. New 1.31% +1.31
LLY Eli Lilly & Co. Add +30.3% 6.89% +1.30
CYTK Cytokinetics Inc. New 1.20% +1.20
APH Amphenol Corp. Class A New 1.16% +1.16
TXN Texas Instruments Inc. New 0.95% +0.95
BIIB Biogen Inc. New 0.85% +0.85
WDC Western Digital Corp. Add +22.6% 1.61% +0.84
NTES Netease Inc.-ADR New 0.83% +0.83
SPCX Space Exploration Techn Class A New 0.82% +0.82
IONS Ionis Pharmaceuticals Inc. Add +190.7% 1.43% +0.79
XLI SS Industrial Select Sector Add +413.3% 1.01% +0.78
BAC Bank of America Corp. New 0.73% +0.73
STX Seagate Technology Holdings New 0.61% +0.61
IBKR Interactive Brokers Gro Class A Add +261.9% 0.81% +0.57
AEIS Advanced Energy Industries New 0.53% +0.53
COPX Global X Copper Miners ETF New 0.52% +0.52
LEGN Legend Biotech Corp.-ADR New 0.48% +0.48
ASML ASML Holding NV-NY Reg SHS New 0.48% +0.48
ENTG Entegris Inc. New 0.44% +0.44
ONTO Onto Innovation Inc. New 0.44% +0.44
INTC Intel Corp. Add +8.0% 0.73% +0.44
HOOD Robinhood Markets Inc. Class A New 0.44% +0.44
UBS UBS Group AG-Reg New 0.40% +0.40
XLF SS Financial Select Sector Add +120.5% 0.83% +0.35
FRO Frontline PLC Add +73.7% 1.72% +0.35
ONON On Holding AG Class A New 0.33% +0.33
UMC United Microelectron-SP ADR New 0.32% +0.32
KO The Coca-Cola Co. New 0.31% +0.31
DASH DoorDash Inc. Class A New 0.31% +0.31
ARWR Arrowhead Pharmaceuticals Inc. New 0.30% +0.30
NET Cloudflare Inc. Class A Add +168.3% 0.52% +0.29
UBER Uber Technologies Inc. New 0.29% +0.29
INIO Innio NV New 0.28% +0.28
PI Impinj Inc. New 0.27% +0.27
TWLO Twilio Inc. Class A New 0.27% +0.27
UTI Universal Technical Institut New 0.26% +0.26
ETN Eaton Corp. PLC Add +80.8% 0.71% +0.25
LINC Lincoln Educational Services New 0.25% +0.25
FORM Formfactor Inc. Add +110.1% 0.41% +0.24
SOXL Direx Dail Semi Bu 3X Et-Usd New 0.24% +0.24
DFTX Definium Therapeutics Inc. New 0.21% +0.21
BHP BHP Group Ltd.-Spon ADR New 0.21% +0.21

Options Activity Q1 2026 → Q2 2026
SMH Vaneck Semiconductor ETF put Add +4.6% 844,500 $553.9M
QQQ Invesco QQQ Trust Series 1 put Add +180.6% 589,300 $434.0M
SOXX iShares Semiconductor ETF put Sold out 15,000 $4.9Mbefore exit
BABA Alibaba Group Holding-SP ADR call Sold out 25,000 $3.1Mbefore exit
TXN Texas Instruments Inc. call New 8,200 $2.4M
GLD SPDR Gold Shares call Sold out 5,000 $2.2Mbefore exit
NVDA Nvidia Corp. call Sold out 10,000 $1.7Mbefore exit
AMZN Amazon.com Inc. call Sold out 5,000 $1.0Mbefore 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
Q2 2026 140$984.8MSNDK, LLY, NVDA, AMAT, MU
Q1 2026 147$713.5MNVDA, PDD, LLY, SNDK, GLD
Q4 2025 126$642.5MLLY, NVDA, PDD, GLD, TSM
Q3 2025 244$718.9MNVDA, LLY, GOOG, GLD, PDD
Q2 2025 148$638.4MAS, NVDA, AMD, META, SMMT
Q1 2025 128$576.3MTPR, META, QFIN, AMD, BABA
Q4 2024 167$570.8MAMZN, AS, BA, NVDA, TSM
Q3 2024 151$432.1MJD, FUTU, BABA, GEV, PDD
Q2 2024 156$493.1MAAPL, MSFT, AMZN, GOOG, NVDA
Q1 2024 194$397.2MMSFT, NVDA, AMZN, VRT, PDD