Polymer Capital Management (HK) LTD

Name: Polymer Capital Management (HK) LTD 13F holdings, Q2 2024
Creator: Polymer Capital Management (HK) LTD
Published: 2024-08-14

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Polymer Capital Management (HK) LTD reported 156 stock positions worth $493.1 million. Its top holding was Apple (AAPL) at 5.8% of the portfolio, followed by Microsoft (MSFT, 5.7%) and Amazon.com (AMZN, 5.2%). Compared with Q1 2024, it opened 70 new positions, sold out of 108, added to 43 and reduced 35. The biggest buy was Apple (AAPL, shares +7007%) and the biggest sale an exit from Vertiv Class A (VRT).

Most Recent 13F: Q2 2026
Location: HONG KONG, K3
CIK: 0001970465
Portfolio Value: $493.1M (Q2 2024)
SEC Filing: 0001970465-24-000005 ↗ filed Aug 14, 2024

Holdings Value

Holdings 156 stocks · $493.1M


AAPL Apple Inc.	5.77%	135,028	$28.4M	Add +7006.7%
MSFT Microsoft Corp.	5.71%	62,980	$28.1M	Add +1.8%
AMZN Amazon.com Inc.	5.23%	133,570	$25.8M	Add +33.3%
GOOG Alphabet Inc. Class C	4.30%	115,520	$21.2M	Add +30.8%
NVDA Nvidia Corp.	3.60%	143,513	$17.7M	Reduce -32.5%
BABA Alibaba Group Holding-SP ADR	3.32%	227,700	$16.4M	Add +148.8%
TME Tencent Music Entertainm-ADR	2.92%	1,025,085	$14.4M	Add +37.6%
EDU New Oriental Educatio-SP ADR	2.64%	167,347	$13.0M	Add +140.4%
TSM Taiwan Semiconductor-SP ADR	2.62%	74,199	$12.9M	Add +363.7%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC	2.49%	866,939	$12.3M	Add +232.2%
PDD PDD Holdings Inc.	2.49%	92,218	$12.3M	Reduce -23.6%
APH Amphenol Corp. Class A	2.39%	174,853	$11.8M	Add +4501.4%
BILI Bilibili Inc.-Sponsored ADR	2.31%	737,310	$11.4M	Add +215.0%
FOX Fox Corp. Class B	2.27%	350,000	$11.2M	New
GEV GE Vernova Inc.	2.14%	61,636	$10.6M	New
AVGO Broadcom Inc.	2.13%	6,554	$10.5M	Add +227.7%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD	2.06%	155,103	$10.2M	Reduce -13.8%
SNPS Synopsys Inc.	1.89%	15,630	$9.3M	Reduce -21.1%
MLCO Melco Resorts & Entert-ADR	1.48%	975,050	$7.3M	Reduce -7.9%
ANET Arista Networks Inc.	1.36%	19,200	$6.7M	Add +679.2%
DELL Dell Technologies -C	1.36%	48,700	$6.7M	Add +115.5%
SPOT Spotify Technology SA	1.34%	21,011	$6.6M	Add +417.1%
WDC Western Digital Corp.	1.19%	77,305	$5.9M	New
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC	0.99%	248,130	$4.9M	Add +594.2%
SKX Skechers USA Inc. Class A	0.96%	68,700	$4.7M	New
Z Zillow Group Inc. Class C	0.95%	100,954	$4.7M	New
NTES Netease Inc.-ADR	0.92%	47,300	$4.5M	Add +22.3%
ARGX Argenx SE - ADR	0.87%	10,000	$4.3M	Add +25.0%
CTLT Catalent Inc.	0.80%	70,000	$3.9M	Add +16.7%
HLT Hilton Worldwide Holdings Inc.	0.80%	18,000	$3.9M	Add +20.0%
AOSL Alpha & Omega Semiconductor	0.78%	103,400	$3.9M	New
IREN Iren Ltd. filed as IRIS ENERGY LTD	0.75%	327,400	$3.7M	Reduce -49.6%
TAL Tal Education Group- ADR	0.73%	339,000	$3.6M	Add +27.8%
WYNN WYNN Resorts Ltd.	0.73%	40,167	$3.6M	Add +33.9%
CCL Carnival Corp.	0.72%	190,000	$3.6M	Reduce -7.8%
PINS Pinterest Inc. Class A	0.72%	80,638	$3.6M	Add +295.9%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD	0.72%	275,400	$3.5M	Reduce -17.3%
TLT iShares 20+ Year Treasury BD	0.71%	38,000	$3.5M	New
PANW Palo Alto Networks Inc.	0.70%	10,190	$3.5M	Add +512.0%
GAP The Gap Inc.	0.67%	138,000	$3.3M	Add +53.3%
GRAB Grab Holdings Ltd. Class A	0.65%	900,000	$3.2M	Add +50.0%
ILMN Illumina Inc.	0.64%	30,000	$3.1M	Add +20.0%
PI Impinj Inc.	0.63%	19,780	$3.1M	Add +27.4%
HTHT H World Group Ltd.-ADR	0.61%	90,000	$3.0M	Add +28.6%
RCL Royal Caribbean Cruises Ltd.	0.58%	18,000	$2.9M	Reduce -28.0%
SE Sea Ltd.-ADR	0.55%	38,300	$2.7M	Add +92.3%
ONON On Holding AG Class A filed as ON HLDG AG	0.54%	69,253	$2.7M	Add +125.6%
YUMC Yum China Holdings Inc.	0.52%	83,400	$2.6M	Add +1126.5%
DECK Deckers Outdoor Corp.	0.52%	2,642	$2.6M	Reduce -17.4%
MU Micron Technology Inc.	0.51%	18,979	$2.5M	Reduce -60.8%
SN Sharkninja Inc.	0.50%	33,108	$2.5M	Reduce -8.0%
SPY SS SPDR S&P 500 ETF Trust-US	0.48%	4,373	$2.4M	New
BDX Becton Dickinson and Co.	0.48%	10,055	$2.3M	Add +43.6%
RLX RLX Technology Inc.-ADR	0.47%	1,267,446	$2.3M	New
GDX Vaneck Gold Miners ETF	0.47%	68,000	$2.3M	New
ARM Arm Holdings PLC-ADR	0.44%	13,306	$2.2M	Reduce -28.8%
YMM Full Truck Alliance -SPN ADR	0.44%	270,000	$2.2M	Reduce -24.8%
XLF SS Financial Select Sector	0.43%	51,400	$2.1M	New
SNAP Snap Inc. Class A	0.41%	122,520	$2.0M	New
XLP SS Consumer Staples Sel Sect	0.40%	26,000	$2.0M	New
ANF Abercrombie & Fitch Co. Class A	0.38%	10,560	$1.9M	Add +486.7%
FRO Frontline PLC	0.36%	69,799	$1.8M	New
GDXJ Vaneck Junior Gold Miners	0.36%	41,800	$1.8M	New
URA Global X Uranium ETF	0.36%	60,700	$1.8M	New
PFE Pfizer Inc.	0.34%	60,000	$1.7M	No change
TRMD Torm PLC-A	0.33%	42,361	$1.6M	New
AS Amer Sports Inc.	0.33%	130,590	$1.6M	Reduce -66.7%
AAOI Applied Optoelectronics Inc.	0.33%	194,500	$1.6M	Add +7.0%
BNTX Biontech SE-ADR	0.33%	20,000	$1.6M	No change
CEG Constellation Energy	0.31%	7,551	$1.5M	New
TSLA Tesla Inc.	0.30%	7,600	$1.5M	Add +12.9%
LULU Lululemon Athletica Inc.	0.30%	5,000	$1.5M	New
JNJ Johnson & Johnson	0.30%	10,000	$1.5M	New
GOTU Gaotu Techedu Inc.	0.30%	298,200	$1.5M	New
NWS News Corp. Class B	0.29%	50,000	$1.4M	No change
CCJ Cameco Corp.	0.29%	28,627	$1.4M	Add +18.2%
NOW ServiceNow Inc.	0.27%	1,720	$1.4M	New
RDDT Reddit Inc. Class A	0.27%	21,000	$1.3M	New
LEGN Legend Biotech Corp.-ADR	0.27%	30,000	$1.3M	New
TCOM Trip.com Group Ltd.-ADR	0.26%	27,662	$1.3M	Reduce -75.1%
META Meta Platforms Inc. Class A	0.25%	2,487	$1.3M	Reduce -88.0%
FLUT Flutter Entertainment PLC-Di	0.25%	6,778	$1.2M	No change
BSX Boston Scientific Corp.	0.23%	15,000	$1.2M	Reduce -40.0%
MNSO Miniso Group Holding Ltd.-ADR	0.23%	58,672	$1.1M	Reduce -31.3%
QCOM Qualcomm Inc.	0.23%	5,600	$1.1M	Reduce -81.3%
ABT Abbott Laboratories	0.21%	10,000	$1.0M	New
XP XP Inc. Class A	0.20%	57,300	$1.0M	Reduce -19.5%
XLK SS Technology Select Sector	0.19%	4,100	$928K	New
ULTA Ulta Beauty Inc.	0.18%	2,266	$874K	New
HIMX Himax Technologies Inc.-ADR	0.16%	101,000	$802K	New
CRL Charles River Laboratories	0.16%	3,751	$775K	Add +7.2%
SOXX iShares Semiconductor ETF	0.15%	3,097	$764K	New
QQQ Invesco QQQ Trust Series 1	0.15%	1,550	$743K	New
MARA Mara Holdings Inc. filed as MARATHON DIGITAL HOLDINGS IN	0.15%	37,300	$740K	Add +85.1%
ADBE Adobe Inc.	0.15%	1,300	$722K	New
ETN Eaton Corp. PLC	0.15%	2,300	$721K	Reduce -83.9%
IQV Iqvia Holdings Inc.	0.13%	3,135	$663K	Add +56.8%
RNW Renew Energy Global PLC-A	0.13%	100,000	$624K	New
GOOGL Alphabet Inc. Class A	0.13%	3,400	$619K	New
INTU Intuit Inc.	0.12%	900	$591K	New
DDOG Datadog Inc. Class A	0.12%	4,400	$571K	Add +91.3%
CROX Crocs Inc.	0.11%	3,700	$540K	New
GILD Gilead Sciences Inc.	0.11%	7,698	$528K	New
PAGS Pagseguro Digital Ltd. Class A	0.10%	44,000	$514K	Reduce -34.8%
ACMR Acm Research Inc. Class A	0.10%	21,700	$500K	New
BKNG Booking Holdings Inc.	0.10%	126	$499K	New
ORCL Oracle Corp.	0.10%	3,400	$480K	New
S Sentinelone Inc. Class A	0.09%	22,000	$463K	New
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	0.09%	4,700	$459K	New
UBER Uber Technologies Inc.	0.09%	6,000	$436K	New
JAZZ Jazz Pharmaceuticals PLC	0.09%	4,000	$427K	No change
STNE Stoneco Ltd. Class A	0.09%	35,300	$423K	Reduce -25.1%
MSTR Strategy Inc. filed as MICROSTRATEGY INC	0.08%	299	$412K	New
AMD Advanced Micro Devices	0.08%	2,500	$406K	Reduce -62.6%
INDA iShares MSCI India ETF	0.08%	7,000	$390K	Reduce -9.1%
MMYT Makemytrip Ltd.	0.07%	4,300	$362K	Add +32.7%
ASML ASML Holding NV-NY Reg SHS	0.07%	350	$358K	Reduce -65.0%
HUBS HubSpot Inc.	0.07%	600	$354K	Add +50.0%
HPE Hewlett Packard Enterprise	0.07%	16,500	$349K	Reduce -17.5%
XLY SS Consumer Disc Select Sect	0.07%	1,900	$347K	New
PYPL PayPal Holdings Inc.	0.07%	5,850	$339K	Reduce -1.7%
ZS Zscaler Inc.	0.07%	1,700	$327K	New
RACE Ferrari NV	0.07%	800	$327K	New
AMKR Amkor Technology Inc.	0.07%	8,100	$324K	New
CAT Caterpillar Inc.	0.06%	950	$316K	Reduce -61.2%
CRWD CrowdStrike Holdings Inc. Class A	0.06%	800	$307K	Reduce -64.8%
INTR Inter & Co. Inc. Class A	0.06%	49,800	$306K	New
XLI SS Industrial Select Sector	0.06%	2,500	$305K	New
SRPT Sarepta Therapeutics Inc.	0.06%	1,888	$298K	New
GBTC Grayscale Bitcoin Trust ETF	0.06%	5,500	$293K	No change
ESTC Elastic NV	0.06%	2,500	$285K	New
AMAT Applied Materials Inc.	0.06%	1,200	$283K	New
ELF Elf Beauty Inc.	0.06%	1,300	$274K	New
CTSH Cognizant Tech Solutions-A	0.06%	4,000	$272K	New
IWM iShares Russell 2000 ETF	0.05%	1,300	$264K	Reduce -31.6%
MDB Mongodb Inc.	0.05%	1,050	$262K	New
FOXA Fox Corp. Class A	0.05%	7,593	$261K	New
ATHM Autohome Inc.-ADR	0.05%	9,400	$258K	New
AEO American Eagle Outfitters	0.05%	12,100	$242K	New
CRM Salesforce Inc.	0.05%	900	$231K	New
CRH CRH PLC	0.05%	3,000	$225K	Reduce -89.1%
JPM JPMorgan Chase & Co.	0.05%	1,100	$222K	New
RGA Reinsurance Group of America	0.04%	1,050	$216K	New
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.04%	550	$215K	New
GFS Globalfoundries Inc.	0.04%	4,200	$212K	New
DNA Ginkgo Bioworks Holdings Inc.	0.04%	624,000	$209K	Reduce -24.1%
CLSK Cleanspark Inc.	0.04%	12,200	$195K	New
PAX Patria Investments Ltd. Class A	0.03%	12,400	$150K	New
NIO Nio Inc. - ADR	0.03%	34,100	$142K	New
F Ford Motor Co. filed as FORD MTR CO DEL	0.03%	10,000	$125K	New
FLG New York Community Bancorp	0.01%	13,474	$43K	New
BITF Bitfarms Ltd./Canada	0.01%	15,000	$39K	New
ESPR Esperion Therapeutics Inc.	0.01%	12,755	$28K	Reduce -52.0%
KC Kingsoft Cloud Holdings-ADR	0.01%	10,800	$27K	No change
PLUG Plug Power Inc.	0.00%	10,366	$24K	New
NBIS Nebius Group NV filed as YANDEX N V	0.00%	26,116	$0	No change

Options reported separately and not counted above: AOSL calls ($561K).

Portfolio Sells Q1 2024 → Q2 2024


VRT Vertiv Holdings Co. Class A	Sold out	0.00%	−4.30
META Meta Platforms Inc. Class A	Reduce -88.0%	0.25%	−2.27
LBTYA Liberty Global Ltd. Class A	Sold out	0.00%	−2.19
VIPS Vipshop Holdings Ltd. - ADR	Sold out	0.00%	−2.08
CLS Celestica Inc.	Sold out	0.00%	−1.44
AS Amer Sports Inc.	Reduce -66.7%	0.33%	−1.27
DUOL Duolingo	Sold out	0.00%	−1.24
NVDA Nvidia Corp.	Reduce -32.5%	3.60%	−1.24
BIDU Baidu Inc. - Spon ADR	Sold out	0.00%	−1.13
FN Fabrinet	Sold out	0.00%	−1.06
QCOM Qualcomm Inc.	Reduce -81.3%	0.23%	−1.05
PDD PDD Holdings Inc.	Reduce -23.6%	2.49%	−1.04
ETN Eaton Corp. PLC	Reduce -83.9%	0.15%	−0.98
TCOM Trip.com Group Ltd.-ADR	Reduce -75.1%	0.26%	−0.96
SNPS Synopsys Inc.	Reduce -21.1%	1.89%	−0.96
MU Micron Technology Inc.	Reduce -60.8%	0.51%	−0.93
FXI iShares China Large-Cap ETF	Sold out	0.00%	−0.83
ZTO Zto Express Cayman Inc.-ADR	Sold out	0.00%	−0.76
FLEX Flex Ltd.	Sold out	0.00%	−0.74
IQ Iqiyi Inc.-ADR	Sold out	0.00%	−0.64
CRH CRH PLC	Reduce -89.1%	0.05%	−0.55
PBR Petroleo Brasileiro-Spon ADR	Sold out	0.00%	−0.52
EC Ecopetrol SA-Sponsored ADR	Sold out	0.00%	−0.51
XLE SS Energy Select Sector	Sold out	0.00%	−0.51
MRVL Marvell Technology Inc.	Sold out	0.00%	−0.49
MOMO Hello Group Inc. -SPN ADR	Sold out	0.00%	−0.45
MLCO Melco Resorts & Entert-ADR	Reduce -7.9%	1.48%	−0.45
LRCX Lam Research Corp.	Sold out	0.00%	−0.41
DKNG Draftkings Inc. Class A	Sold out	0.00%	−0.41
FUTU Futu Holdings Ltd.-ADR	Reduce -13.8%	2.06%	−0.39
RL Ralph Lauren Corp.	Sold out	0.00%	−0.39
NVT Nvent Electric PLC	Sold out	0.00%	−0.39
ONC Beone Medicines Ltd.-ADR	Sold out	0.00%	−0.37
JOYY Joyy Inc.-ADR	Sold out	0.00%	−0.34
RCL Royal Caribbean Cruises Ltd.	Reduce -28.0%	0.58%	−0.29
LLYVK Liberty Media Corp.-Liberty-C	Sold out	0.00%	−0.28
NU Nu Holdings Ltd./Cayman Isl-A	Reduce -17.3%	0.72%	−0.28
HAL Halliburton Co.	Sold out	0.00%	−0.27
TEAM Atlassian Corp. Class A	Sold out	0.00%	−0.26
XP XP Inc. Class A	Reduce -19.5%	0.20%	−0.26
DECK Deckers Outdoor Corp.	Reduce -17.4%	0.52%	−0.24
AMD Advanced Micro Devices	Reduce -62.6%	0.08%	−0.22
MCHP Microchip Technology Inc.	Sold out	0.00%	−0.22
YMM Full Truck Alliance -SPN ADR	Reduce -24.8%	0.44%	−0.22
MNSO Miniso Group Holding Ltd.-ADR	Reduce -31.3%	0.23%	−0.21
EL Estee Lauder Companies Class A	Sold out	0.00%	−0.20
DNA Ginkgo Bioworks Holdings Inc.	Reduce -24.1%	0.04%	−0.20
BSX Boston Scientific Corp.	Reduce -40.0%	0.23%	−0.20
JD Jd.com Inc.-ADR	Sold out	0.00%	−0.17
ASML ASML Holding NV-NY Reg SHS	Reduce -65.0%	0.07%	−0.17

Portfolio Buys Q1 2024 → Q2 2024


AAPL Apple Inc.	Add +7006.7%	5.77%	+5.68
APH Amphenol Corp. Class A	Add +4501.4%	2.39%	+2.33
FOX Fox Corp. Class B	New	2.27%	+2.27
GEV GE Vernova Inc.	New	2.14%	+2.14
TSM Taiwan Semiconductor-SP ADR	Add +363.7%	2.62%	+2.07
BABA Alibaba Group Holding-SP ADR	Add +148.8%	3.32%	+1.66
BILI Bilibili Inc.-Sponsored ADR	Add +215.0%	2.31%	+1.65
BEKE Ke Holdings Inc.-ADR	Add +232.2%	2.49%	+1.59
AVGO Broadcom Inc.	Add +227.7%	2.13%	+1.47
WDC Western Digital Corp.	New	1.19%	+1.19
ANET Arista Networks Inc.	Add +679.2%	1.36%	+1.18
EDU New Oriental Educatio-SP ADR	Add +140.4%	2.64%	+1.12
SPOT Spotify Technology SA	Add +417.1%	1.34%	+1.07
SKX Skechers USA Inc. Class A	New	0.96%	+0.96
Z Zillow Group Inc. Class C	New	0.95%	+0.95
GOOG Alphabet Inc. Class C	Add +30.8%	4.30%	+0.91
QFIN Qfin Holdings Inc.-ADR	Add +594.2%	0.99%	+0.83
TME Tencent Music Entertainm-ADR	Add +37.6%	2.92%	+0.82
AOSL Alpha & Omega Semiconductor	New	0.78%	+0.78
DELL Dell Technologies -C	Add +115.5%	1.36%	+0.71
TLT iShares 20+ Year Treasury BD	New	0.71%	+0.71
AMZN Amazon.com Inc.	Add +33.3%	5.23%	+0.69
PANW Palo Alto Networks Inc.	Add +512.0%	0.70%	+0.58
PINS Pinterest Inc. Class A	Add +295.9%	0.72%	+0.54
SPY SS SPDR S&P 500 ETF Trust-US	New	0.48%	+0.48
RLX RLX Technology Inc.-ADR	New	0.47%	+0.47
GDX Vaneck Gold Miners ETF	New	0.47%	+0.47
YUMC Yum China Holdings Inc.	Add +1126.5%	0.52%	+0.45
XLF SS Financial Select Sector	New	0.43%	+0.43
SNAP Snap Inc. Class A	New	0.41%	+0.41
XLP SS Consumer Staples Sel Sect	New	0.40%	+0.40
FRO Frontline PLC	New	0.36%	+0.36
GDXJ Vaneck Junior Gold Miners	New	0.36%	+0.36
URA Global X Uranium ETF	New	0.36%	+0.36
TRMD Torm PLC-A	New	0.33%	+0.33
ANF Abercrombie & Fitch Co. Class A	Add +486.7%	0.38%	+0.32
CEG Constellation Energy	New	0.31%	+0.31
LULU Lululemon Athletica Inc.	New	0.30%	+0.30
JNJ Johnson & Johnson	New	0.30%	+0.30
GOTU Gaotu Techedu Inc.	New	0.30%	+0.30
SE Sea Ltd.-ADR	Add +92.3%	0.55%	+0.29
NOW ServiceNow Inc.	New	0.27%	+0.27
RDDT Reddit Inc. Class A	New	0.27%	+0.27
ONON On Holding AG Class A	Add +125.6%	0.54%	+0.27
LEGN Legend Biotech Corp.-ADR	New	0.27%	+0.27
ABT Abbott Laboratories	New	0.21%	+0.21
XLK SS Technology Select Sector	New	0.19%	+0.19
ULTA Ulta Beauty Inc.	New	0.18%	+0.18
GRAB Grab Holdings Ltd. Class A	Add +50.0%	0.65%	+0.17
HIMX Himax Technologies Inc.-ADR	New	0.16%	+0.16

Options Activity Q1 2024 → Q2 2024


AOSL Alpha & Omega Semiconductor	call	New	15,000	$561K

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