Polymer Capital Management (HK) LTD
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Polymer Capital Management (HK) LTD reported 194 stock positions worth $397.2 million. Its top holding was Microsoft (MSFT) at 6.6% of the portfolio, followed by Nvidia (NVDA, 4.8%) and Amazon.com (AMZN, 4.5%). Compared with Q4 2023, it opened 126 new positions, sold out of 44, added to 28 and reduced 35. The biggest buy was a new position in Vertiv Class A (VRT) and the biggest sale Advanced Micro Devices (AMD, shares −89%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001970465
- Portfolio Value
- $397.2M (Q1 2024)
- SEC Filing
- 0001970465-24-000004 ↗ filed May 14, 2024
Holdings Value
Holdings 194 stocks · $397.2M
| MSFT Microsoft Corp. | 6.56% | 61,890 | $26.0M | Add +15.5% |
| NVDA Nvidia Corp. | 4.83% | 21,246 | $19.2M | Add +260.1% |
| AMZN Amazon.com Inc. | 4.55% | 100,170 | $18.1M | Add +307.2% |
| VRT Vertiv Holdings Co. Class A | 4.30% | 208,978 | $17.1M | New |
| PDD PDD Holdings Inc. | 3.53% | 120,641 | $14.0M | Add +20.3% |
| GOOG Alphabet Inc. Class C | 3.38% | 88,300 | $13.4M | Add +1371.7% |
| SNPS Synopsys Inc. | 2.85% | 19,810 | $11.3M | New |
| META Meta Platforms Inc. Class A | 2.53% | 20,674 | $10.0M | Add +34.5% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 2.45% | 179,996 | $9.7M | Add +51.0% |
| LBTYA Liberty Global Ltd. Class A | 2.19% | 513,480 | $8.7M | Reduce -6.6% |
| TME Tencent Music Entertainm-ADR | 2.10% | 745,100 | $8.3M | Add +35.7% |
| VIPS Vipshop Holdings Ltd. - ADR | 2.08% | 498,397 | $8.2M | Add +351.0% |
| MLCO Melco Resorts & Entert-ADR | 1.92% | 1,059,026 | $7.6M | New |
| BABA Alibaba Group Holding-SP ADR | 1.67% | 91,500 | $6.6M | Reduce -27.8% |
| AS Amer Sports Inc. | 1.61% | 391,586 | $6.4M | New |
| EDU New Oriental Educatio-SP ADR | 1.52% | 69,606 | $6.0M | Reduce -55.2% |
| CLS Celestica Inc. | 1.44% | 127,480 | $5.7M | Add +121.7% |
| MU Micron Technology Inc. | 1.44% | 48,448 | $5.7M | Add +19.6% |
| QCOM Qualcomm Inc. | 1.28% | 29,996 | $5.1M | Reduce -55.4% |
| DUOL Duolingo | 1.24% | 22,300 | $4.9M | Add +140.1% |
| TCOM Trip.com Group Ltd.-ADR | 1.23% | 111,178 | $4.9M | Reduce -46.4% |
| BIDU Baidu Inc. - Spon ADR | 1.13% | 42,500 | $4.5M | Add +57.4% |
| ETN Eaton Corp. PLC | 1.12% | 14,287 | $4.5M | New |
| FN Fabrinet | 1.06% | 22,240 | $4.2M | New |
| NTES Netease Inc.-ADR | 1.01% | 38,689 | $4.0M | Add +236.4% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.00% | 332,800 | $4.0M | New |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.90% | 261,000 | $3.6M | Reduce -14.0% |
| IREN Iren Ltd. filed as IRIS ENERGY LTD | 0.88% | 650,000 | $3.5M | New |
| RCL Royal Caribbean Cruises Ltd. | 0.87% | 25,000 | $3.5M | New |
| ILMN Illumina Inc. | 0.86% | 25,000 | $3.4M | Add +316.7% |
| CTLT Catalent Inc. | 0.85% | 60,000 | $3.4M | Add +71.4% |
| CCL Carnival Corp. | 0.85% | 206,000 | $3.4M | New |
| FXI iShares China Large-Cap ETF | 0.83% | 136,600 | $3.3M | New |
| HLT Hilton Worldwide Holdings Inc. | 0.81% | 15,000 | $3.2M | New |
| ARGX Argenx SE - ADR | 0.79% | 8,000 | $3.1M | Add +28.0% |
| WYNN WYNN Resorts Ltd. | 0.77% | 30,000 | $3.1M | Add +66.7% |
| ZTO Zto Express Cayman Inc.-ADR | 0.76% | 144,226 | $3.0M | New |
| DECK Deckers Outdoor Corp. | 0.76% | 3,200 | $3.0M | New |
| TAL Tal Education Group- ADR | 0.76% | 265,300 | $3.0M | Reduce -48.5% |
| FLEX Flex Ltd. | 0.74% | 102,700 | $2.9M | New |
| HTHT H World Group Ltd.-ADR | 0.68% | 70,000 | $2.7M | New |
| AVGO Broadcom Inc. | 0.67% | 2,000 | $2.7M | Add +185.7% |
| BILI Bilibili Inc.-Sponsored ADR | 0.66% | 234,100 | $2.6M | New |
| YMM Full Truck Alliance -SPN ADR | 0.66% | 359,000 | $2.6M | Add +110.1% |
| DELL Dell Technologies -C | 0.65% | 22,600 | $2.6M | Reduce -58.5% |
| IQ Iqiyi Inc.-ADR | 0.64% | 602,191 | $2.5M | Reduce -51.4% |
| AAOI Applied Optoelectronics Inc. | 0.63% | 181,780 | $2.5M | Add +81.8% |
| GAP The Gap Inc. | 0.62% | 90,000 | $2.5M | New |
| CRH CRH PLC | 0.60% | 27,634 | $2.4M | New |
| ARM Arm Holdings PLC-ADR | 0.59% | 18,700 | $2.3M | Reduce -62.7% |
| SN Sharkninja Inc. | 0.56% | 35,986 | $2.2M | Reduce -31.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.55% | 16,000 | $2.2M | Reduce -33.3% |
| PBR Petroleo Brasileiro-Spon ADR | 0.52% | 135,000 | $2.1M | Reduce -58.6% |
| EC Ecopetrol SA-Sponsored ADR | 0.51% | 172,700 | $2.0M | New |
| XLE SS Energy Select Sector | 0.51% | 21,600 | $2.0M | Add +49.0% |
| PI Impinj Inc. | 0.50% | 15,530 | $2.0M | New |
| MRVL Marvell Technology Inc. | 0.49% | 27,380 | $1.9M | New |
| GRAB Grab Holdings Ltd. Class A | 0.47% | 600,000 | $1.9M | Add +155.3% |
| BNTX Biontech SE-ADR | 0.46% | 20,000 | $1.8M | New |
| XP XP Inc. Class A | 0.46% | 71,200 | $1.8M | New |
| MOMO Hello Group Inc. -SPN ADR | 0.45% | 290,900 | $1.8M | New |
| MNSO Miniso Group Holding Ltd.-ADR | 0.44% | 85,345 | $1.7M | Reduce -30.2% |
| BDX Becton Dickinson and Co. | 0.44% | 7,000 | $1.7M | Add +84.2% |
| BSX Boston Scientific Corp. | 0.43% | 25,000 | $1.7M | Add +11.1% |
| PFE Pfizer Inc. | 0.42% | 60,000 | $1.7M | No change |
| LRCX Lam Research Corp. | 0.41% | 1,666 | $1.6M | Add +30.2% |
| DKNG Draftkings Inc. Class A | 0.41% | 35,600 | $1.6M | New |
| RL Ralph Lauren Corp. | 0.39% | 8,200 | $1.5M | New |
| NVT Nvent Electric PLC | 0.39% | 20,300 | $1.5M | New |
| ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD | 0.37% | 9,500 | $1.5M | New |
| NWS News Corp. Class B | 0.34% | 50,000 | $1.4M | Reduce -66.7% |
| JOYY Joyy Inc.-ADR | 0.34% | 43,906 | $1.4M | New |
| FLUT Flutter Entertainment PLC-Di | 0.34% | 6,778 | $1.3M | New |
| AMD Advanced Micro Devices | 0.30% | 6,680 | $1.2M | Reduce -89.2% |
| TSLA Tesla Inc. | 0.30% | 6,730 | $1.2M | Reduce -74.4% |
| LLYVK Liberty Media Corp.-Liberty-C | 0.28% | 25,484 | $1.1M | Reduce -70.0% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.27% | 30,700 | $1.1M | Reduce -43.4% |
| SPOT Spotify Technology SA | 0.27% | 4,063 | $1.1M | New |
| SE Sea Ltd.-ADR | 0.27% | 19,919 | $1.1M | New |
| HAL Halliburton Co. | 0.27% | 27,020 | $1.1M | New |
| CCJ Cameco Corp. | 0.26% | 24,220 | $1.0M | Reduce -44.7% |
| TEAM Atlassian Corp. Class A | 0.26% | 5,236 | $1.0M | Add +227.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.24% | 1,000 | $970K | New |
| PAGS Pagseguro Digital Ltd. Class A | 0.24% | 67,500 | $964K | New |
| DNA Ginkgo Bioworks Holdings Inc. | 0.24% | 822,684 | $954K | Add +27.4% |
| CRL Charles River Laboratories | 0.24% | 3,500 | $948K | No change |
| CAT Caterpillar Inc. | 0.23% | 2,450 | $898K | New |
| MCHP Microchip Technology Inc. | 0.22% | 9,740 | $874K | New |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.20% | 5,150 | $794K | Reduce -57.1% |
| STNE Stoneco Ltd. Class A | 0.20% | 47,100 | $782K | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.18% | 2,270 | $728K | Reduce -8.5% |
| ANET Arista Networks Inc. | 0.18% | 2,464 | $715K | Reduce -21.9% |
| PINS Pinterest Inc. Class A | 0.18% | 20,366 | $706K | Reduce -84.0% |
| JD Jd.com Inc.-ADR | 0.17% | 25,000 | $685K | Reduce -85.0% |
| ATAT Atour Lifestyle Holdings-ADR | 0.17% | 37,200 | $667K | Reduce -54.1% |
| NTNX Nutanix Inc. Class A | 0.17% | 10,780 | $665K | New |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 0.17% | 35,741 | $659K | New |
| SAIA Saia Inc. | 0.16% | 1,100 | $644K | Reduce -56.0% |
| ADI Analog Devices Inc. | 0.16% | 3,200 | $633K | Reduce -16.9% |
| NMR Nomura Holdings Inc.-Spon ADR | 0.15% | 95,900 | $616K | New |
Portfolio Sells Q4 2023 → Q1 2024
| AMD Advanced Micro Devices | Reduce -89.2% | 0.30% | −2.87 |
| EDU New Oriental Educatio-SP ADR | Reduce -55.2% | 1.52% | −2.46 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −2.40 |
| STX Seagate Technology Holdings | Sold out | 0.00% | −2.31 |
| QCOM Qualcomm Inc. | Reduce -55.4% | 1.28% | −2.12 |
| TSLA Tesla Inc. | Reduce -74.4% | 0.30% | −1.98 |
| BABA Alibaba Group Holding-SP ADR | Reduce -27.8% | 1.67% | −1.77 |
| PANW Palo Alto Networks Inc. | Reduce -90.5% | 0.12% | −1.69 |
| WDC Western Digital Corp. | Sold out | 0.00% | −1.60 |
| TAL Tal Education Group- ADR | Reduce -48.5% | 0.76% | −1.52 |
| JD Jd.com Inc.-ADR | Reduce -85.0% | 0.17% | −1.51 |
| IQ Iqiyi Inc.-ADR | Reduce -51.4% | 0.64% | −1.48 |
| PINS Pinterest Inc. Class A | Reduce -84.0% | 0.18% | −1.47 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -46.4% | 1.23% | −1.39 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -58.6% | 0.52% | −1.31 |
| LBTYA Liberty Global Ltd. Class A | Reduce -6.6% | 2.19% | −1.23 |
| BZ Kanzhun Ltd. - ADR | Sold out | 0.00% | −1.07 |
| SONO Sonos Inc. | Sold out | 0.00% | −1.07 |
| NWS News Corp. Class B | Reduce -66.7% | 0.34% | −1.01 |
| LLYVK Liberty Media Corp.-Liberty-C | Reduce -70.0% | 0.28% | −0.83 |
| BEKE Ke Holdings Inc.-ADR | Reduce -14.0% | 0.90% | −0.82 |
| LYV Live Nation Entertainment Inc. | Sold out | 0.00% | −0.82 |
| DELL Dell Technologies -C | Reduce -58.5% | 0.65% | −0.81 |
| ARM Arm Holdings PLC-ADR | Reduce -62.7% | 0.59% | −0.73 |
| SNAP Snap Inc. Class A | Sold out | 0.00% | −0.69 |
| INTC Intel Corp. | Sold out | 0.00% | −0.60 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.57 |
| MAR Marriott International Class A | Sold out | 0.00% | −0.55 |
| FOX Fox Corp. Class B | Sold out | 0.00% | −0.48 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −0.46 |
| MNSO Miniso Group Holding Ltd.-ADR | Reduce -30.2% | 0.44% | −0.43 |
| MAC COPPER LTD | Sold out | 0.00% | −0.43 |
| APO Apollo Global Management Inc. | Reduce -86.0% | 0.06% | −0.43 |
| EL Estee Lauder Companies Class A | Reduce -57.1% | 0.20% | −0.41 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.40 |
| CCJ Cameco Corp. | Reduce -44.7% | 0.26% | −0.40 |
| SN Sharkninja Inc. | Reduce -31.2% | 0.56% | −0.37 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.35 |
| SRPT Sarepta Therapeutics Inc. | Sold out | 0.00% | −0.34 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -33.3% | 0.55% | −0.33 |
| ATAT Atour Lifestyle Holdings-ADR | Reduce -54.1% | 0.17% | −0.32 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.30 |
| SOXX iShares Semiconductor ETF | Sold out | 0.00% | −0.28 |
| GCT Gigacloud Technology Inc. Class A | Reduce -69.1% | 0.13% | −0.28 |
| XYZ Block Inc. | Sold out | 0.00% | −0.27 |
| OLED Universal Display Corp. | Sold out | 0.00% | −0.27 |
| IWM iShares Russell 2000 ETF | Reduce -62.8% | 0.10% | −0.26 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.25 |
| ONON On Holding AG Class A | Reduce -43.4% | 0.27% | −0.24 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.23 |
Portfolio Buys Q4 2023 → Q1 2024
| VRT Vertiv Holdings Co. Class A | New | 4.30% | +4.30 |
| NVDA Nvidia Corp. | Add +260.1% | 4.83% | +3.81 |
| AMZN Amazon.com Inc. | Add +307.2% | 4.55% | +3.24 |
| GOOG Alphabet Inc. Class C | Add +1371.7% | 3.38% | +3.09 |
| SNPS Synopsys Inc. | New | 2.85% | +2.85 |
| MLCO Melco Resorts & Entert-ADR | New | 1.92% | +1.92 |
| AS Amer Sports Inc. | New | 1.61% | +1.61 |
| VIPS Vipshop Holdings Ltd. - ADR | Add +351.0% | 2.08% | +1.39 |
| ETN Eaton Corp. PLC | New | 1.12% | +1.12 |
| FN Fabrinet | New | 1.06% | +1.06 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 1.00% | +1.00 |
| IREN Iren Ltd. | New | 0.88% | +0.88 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.87% | +0.87 |
| CLS Celestica Inc. | Add +121.7% | 1.44% | +0.85 |
| CCL Carnival Corp. | New | 0.85% | +0.85 |
| FXI iShares China Large-Cap ETF | New | 0.83% | +0.83 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.81% | +0.81 |
| ZTO Zto Express Cayman Inc.-ADR | New | 0.76% | +0.76 |
| DECK Deckers Outdoor Corp. | New | 0.76% | +0.76 |
| FLEX Flex Ltd. | New | 0.74% | +0.74 |
| HTHT H World Group Ltd.-ADR | New | 0.68% | +0.68 |
| BILI Bilibili Inc.-Sponsored ADR | New | 0.66% | +0.66 |
| NTES Netease Inc.-ADR | Add +236.4% | 1.01% | +0.63 |
| GAP The Gap Inc. | New | 0.62% | +0.62 |
| META Meta Platforms Inc. Class A | Add +34.5% | 2.53% | +0.62 |
| CRH CRH PLC | New | 0.60% | +0.60 |
| ILMN Illumina Inc. | Add +316.7% | 0.86% | +0.57 |
| EC Ecopetrol SA-Sponsored ADR | New | 0.51% | +0.51 |
| PI Impinj Inc. | New | 0.50% | +0.50 |
| DUOL Duolingo | Add +140.1% | 1.24% | +0.50 |
| MRVL Marvell Technology Inc. | New | 0.49% | +0.49 |
| BNTX Biontech SE-ADR | New | 0.46% | +0.46 |
| XP XP Inc. Class A | New | 0.46% | +0.46 |
| MOMO Hello Group Inc. -SPN ADR | New | 0.45% | +0.45 |
| DKNG Draftkings Inc. Class A | New | 0.41% | +0.41 |
| AVGO Broadcom Inc. | Add +185.7% | 0.67% | +0.39 |
| RL Ralph Lauren Corp. | New | 0.39% | +0.39 |
| NVT Nvent Electric PLC | New | 0.39% | +0.39 |
| ONC Beone Medicines Ltd.-ADR | New | 0.37% | +0.37 |
| TME Tencent Music Entertainm-ADR | Add +35.7% | 2.10% | +0.37 |
| JOYY Joyy Inc.-ADR | New | 0.34% | +0.34 |
| FLUT Flutter Entertainment PLC-Di | New | 0.34% | +0.34 |
| CTLT Catalent Inc. | Add +71.4% | 0.85% | +0.30 |
| SPOT Spotify Technology SA | New | 0.27% | +0.27 |
| SE Sea Ltd.-ADR | New | 0.27% | +0.27 |
| HAL Halliburton Co. | New | 0.27% | +0.27 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.24% | +0.24 |
| PAGS Pagseguro Digital Ltd. Class A | New | 0.24% | +0.24 |
| YMM Full Truck Alliance -SPN ADR | Add +110.1% | 0.66% | +0.24 |
| MU Micron Technology Inc. | Add +19.6% | 1.44% | +0.23 |
Options Activity Q4 2023 → Q1 2024
| AMD Advanced Micro Devices | put | Sold out | 25,000 | $3.7Mbefore 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 |
|---|---|---|---|
| Q2 2026 | 140 | $984.8M | SNDK, LLY, NVDA, AMAT, MU |
| Q1 2026 | 147 | $713.5M | NVDA, PDD, LLY, SNDK, GLD |
| Q4 2025 | 126 | $642.5M | LLY, NVDA, PDD, GLD, TSM |
| Q3 2025 | 244 | $718.9M | NVDA, LLY, GOOG, GLD, PDD |
| Q2 2025 | 148 | $638.4M | AS, NVDA, AMD, META, SMMT |
| Q1 2025 | 128 | $576.3M | TPR, META, QFIN, AMD, BABA |
| Q4 2024 | 167 | $570.8M | AMZN, AS, BA, NVDA, TSM |
| Q3 2024 | 151 | $432.1M | JD, FUTU, BABA, GEV, PDD |
| Q2 2024 | 156 | $493.1M | AAPL, MSFT, AMZN, GOOG, NVDA |
| Q1 2024 | 194 | $397.2M | MSFT, NVDA, AMZN, VRT, PDD |