Polymer Capital Management (HK) LTD
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Polymer Capital Management (HK) LTD reported 151 stock positions worth $432.1 million. Its top holding was Jd.com Inc.-ADR (JD) at 5.2% of the portfolio, followed by Futu Holdings Ltd.-ADR (FUTU, 4.9%) and Alibaba Group Holding-SP ADR (BABA, 4.8%). Compared with Q2 2024, it opened 57 new positions, sold out of 62, added to 32 and reduced 52. The biggest buy was a new position in Jd.com Inc.-ADR (JD) and the biggest sale Microsoft (MSFT, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001970465
- Portfolio Value
- $432.1M (Q3 2024)
- SEC Filing
- 0001970465-24-000007 ↗ filed Nov 14, 2024
Holdings Value
Holdings 151 stocks · $432.1M
| JD Jd.com Inc.-ADR | 5.23% | 564,918 | $22.6M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 4.88% | 220,468 | $21.1M | Add +42.1% |
| BABA Alibaba Group Holding-SP ADR | 4.78% | 194,474 | $20.6M | Reduce -14.6% |
| GEV GE Vernova Inc. | 4.61% | 78,135 | $19.9M | Add +26.8% |
| PDD PDD Holdings Inc. | 3.96% | 127,055 | $17.1M | Add +37.8% |
| META Meta Platforms Inc. Class A | 3.91% | 29,507 | $16.9M | Add +1086.5% |
| BILI Bilibili Inc.-Sponsored ADR | 3.36% | 620,150 | $14.5M | Reduce -15.9% |
| NVDA Nvidia Corp. | 2.40% | 85,318 | $10.4M | Reduce -40.5% |
| TSM Taiwan Semiconductor-SP ADR | 2.35% | 58,555 | $10.2M | Reduce -21.1% |
| TCOM Trip.com Group Ltd.-ADR | 2.00% | 145,098 | $8.6M | Add +424.5% |
| AS Amer Sports Inc. | 1.62% | 438,966 | $7.0M | Add +236.1% |
| TAL Tal Education Group- ADR | 1.53% | 558,085 | $6.6M | Add +64.6% |
| AMD Advanced Micro Devices | 1.51% | 39,800 | $6.5M | Add +1492.0% |
| AAPL Apple Inc. | 1.43% | 26,587 | $6.2M | Reduce -80.3% |
| NTES Netease Inc.-ADR | 1.38% | 63,814 | $6.0M | Add +34.9% |
| AVGO Broadcom Inc. | 1.35% | 33,794 | $5.8M | Reduce -48.4% |
| GOOG Alphabet Inc. Class C | 1.32% | 34,100 | $5.7M | Reduce -70.5% |
| SNPS Synopsys Inc. | 1.26% | 10,775 | $5.5M | Reduce -31.1% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 1.26% | 273,554 | $5.4M | Reduce -68.5% |
| DECK Deckers Outdoor Corp. | 1.24% | 33,712 | $5.4M | Add +112.7% |
| COHR Coherent Corp. | 1.23% | 59,940 | $5.3M | New |
| ASHR Xtrackers Harvest Csi 300 CH | 1.22% | 183,690 | $5.3M | New |
| SE Sea Ltd.-ADR | 1.19% | 54,720 | $5.2M | Add +42.9% |
| TLT iShares 20+ Year Treasury BD | 1.17% | 51,394 | $5.0M | Add +35.3% |
| AMZN Amazon.com Inc. | 1.16% | 27,007 | $5.0M | Reduce -79.8% |
| EDU New Oriental Educatio-SP ADR | 1.16% | 66,100 | $5.0M | Reduce -60.5% |
| SPOT Spotify Technology SA | 1.10% | 12,840 | $4.7M | Reduce -38.9% |
| RDDT Reddit Inc. Class A | 1.09% | 71,300 | $4.7M | Add +239.5% |
| Z Zillow Group Inc. Class C | 1.03% | 70,000 | $4.5M | Reduce -30.7% |
| CIEN Ciena Corp. | 1.02% | 71,500 | $4.4M | New |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 1.00% | 144,511 | $4.3M | Reduce -41.8% |
| CTLT Catalent Inc. | 0.98% | 70,000 | $4.2M | No change |
| YMM Full Truck Alliance -SPN ADR | 0.98% | 469,000 | $4.2M | Add +73.7% |
| TSLA Tesla Inc. | 0.96% | 15,900 | $4.2M | Add +109.2% |
| MSFT Microsoft Corp. | 0.96% | 9,600 | $4.1M | Reduce -84.8% |
| ILMN Illumina Inc. | 0.91% | 30,000 | $3.9M | No change |
| FOX Fox Corp. Class B | 0.90% | 100,000 | $3.9M | Reduce -71.4% |
| ZK Zeekr Intelligent Techno-ADR | 0.89% | 172,078 | $3.8M | New |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.84% | 177,353 | $3.6M | New |
| NXPI NXP Semiconductors NV | 0.83% | 14,980 | $3.6M | New |
| ARGX Argenx SE - ADR | 0.83% | 6,600 | $3.6M | Reduce -34.0% |
| SN Sharkninja Inc. | 0.82% | 32,529 | $3.5M | Reduce -1.8% |
| ANET Arista Networks Inc. | 0.79% | 8,838 | $3.4M | Reduce -54.0% |
| GLD SPDR Gold Shares | 0.74% | 13,232 | $3.2M | New |
| VST Vistra Corp. | 0.74% | 27,032 | $3.2M | New |
| MLCO Melco Resorts & Entert-ADR | 0.71% | 391,136 | $3.0M | Reduce -59.9% |
| HTHT H World Group Ltd.-ADR | 0.69% | 80,000 | $3.0M | Reduce -11.1% |
| CCL Carnival Corp. | 0.69% | 160,200 | $3.0M | Reduce -15.7% |
| HLT Hilton Worldwide Holdings Inc. | 0.64% | 12,000 | $2.8M | Reduce -33.3% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.63% | 53,900 | $2.7M | Reduce -22.2% |
| RCL Royal Caribbean Cruises Ltd. | 0.62% | 15,000 | $2.7M | Reduce -16.7% |
| GAP The Gap Inc. | 0.61% | 120,000 | $2.6M | Reduce -13.0% |
| NOW ServiceNow Inc. | 0.56% | 2,701 | $2.4M | Add +57.0% |
| BDX Becton Dickinson and Co. | 0.56% | 10,000 | $2.4M | Reduce -0.6% |
| BNTX Biontech SE-ADR | 0.55% | 20,000 | $2.4M | No change |
| CEG Constellation Energy | 0.53% | 8,868 | $2.3M | Add +17.4% |
| SKX Skechers USA Inc. Class A | 0.51% | 32,700 | $2.2M | Reduce -52.4% |
| LITE Lumentum Holdings Inc. | 0.50% | 33,900 | $2.1M | New |
| IWM iShares Russell 2000 ETF | 0.48% | 9,440 | $2.1M | Add +626.1% |
| ABT Abbott Laboratories | 0.47% | 18,000 | $2.1M | Add +80.0% |
| DELL Dell Technologies -C | 0.47% | 17,300 | $2.1M | Reduce -64.5% |
| LEGN Legend Biotech Corp.-ADR | 0.47% | 41,827 | $2.0M | Add +39.4% |
| ORCL Oracle Corp. | 0.45% | 11,500 | $2.0M | Add +238.2% |
| PFE Pfizer Inc. | 0.40% | 60,000 | $1.7M | No change |
| MTSI Macom Technology Solutions H | 0.39% | 15,000 | $1.7M | New |
| KWEB Kranesh Csi China Internet | 0.38% | 48,722 | $1.7M | New |
| APH Amphenol Corp. Class A | 0.38% | 25,000 | $1.6M | Reduce -85.7% |
| JNJ Johnson & Johnson | 0.38% | 10,000 | $1.6M | No change |
| IGV iShares Expanded Tech-Softwa | 0.35% | 17,000 | $1.5M | New |
| APP AppLovin Corp. Class A | 0.35% | 11,500 | $1.5M | New |
| CVNA Carvana Co. | 0.32% | 7,908 | $1.4M | New |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.32% | 8,100 | $1.4M | Add +170.9% |
| XLI SS Industrial Select Sector | 0.30% | 9,500 | $1.3M | Add +280.0% |
| XLY SS Consumer Disc Select Sect | 0.30% | 6,400 | $1.3M | Add +236.8% |
| NFLX Netflix Inc. | 0.29% | 1,781 | $1.3M | New |
| BSX Boston Scientific Corp. | 0.29% | 15,000 | $1.3M | No change |
| ASX Ase Technology Holding -ADR | 0.28% | 125,500 | $1.2M | New |
| SITM Sitime Corp. | 0.26% | 6,438 | $1.1M | New |
| DLR Digital Realty Trust Inc. | 0.25% | 6,750 | $1.1M | New |
| GRAB Grab Holdings Ltd. Class A | 0.25% | 283,750 | $1.1M | Reduce -68.5% |
| LBTYA Liberty Global Ltd. Class A | 0.24% | 50,000 | $1.1M | New |
| IREN Iren Ltd. filed as IRIS ENERGY LTD | 0.23% | 120,000 | $1.0M | Reduce -63.4% |
| IEI iShares 3-7 Year Treasury Bo | 0.23% | 8,400 | $1.0M | New |
| IEF iShares 7-10 Year Treasury B | 0.23% | 10,200 | $1.0M | New |
| SOXX iShares Semiconductor ETF | 0.23% | 4,300 | $992K | Add +38.8% |
| XLP SS Consumer Staples Sel Sect | 0.23% | 11,900 | $988K | Reduce -54.2% |
| ITA iShares U.S. Aerospace & Def | 0.23% | 6,600 | $988K | New |
| CRL Charles River Laboratories | 0.23% | 5,000 | $985K | Add +33.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.22% | 1,911 | $933K | Add +23.3% |
| XLK SS Technology Select Sector | 0.21% | 4,100 | $926K | No change |
| XLF SS Financial Select Sector | 0.21% | 20,312 | $921K | Reduce -60.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.21% | 1,601 | $919K | Reduce -63.4% |
| TT Trane Technologies PLC | 0.21% | 2,360 | $917K | New |
| MOMO Hello Group Inc. -SPN ADR | 0.21% | 117,500 | $894K | New |
| CSCO Cisco Systems Inc. | 0.18% | 15,000 | $798K | New |
| WMT Walmart Inc. | 0.18% | 9,750 | $787K | New |
| AEO American Eagle Outfitters | 0.18% | 34,200 | $766K | Add +182.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.18% | 2,707 | $759K | Add +238.4% |
| IQV Iqvia Holdings Inc. | 0.16% | 3,000 | $711K | Reduce -4.3% |
| ANF Abercrombie & Fitch Co. Class A | 0.16% | 5,000 | $700K | Reduce -52.6% |
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -84.8% | 0.96% | −4.75 |
| AAPL Apple Inc. | Reduce -80.3% | 1.43% | −4.33 |
| AMZN Amazon.com Inc. | Reduce -79.8% | 1.16% | −4.07 |
| GOOG Alphabet Inc. Class C | Reduce -70.5% | 1.32% | −2.98 |
| TME Tencent Music Entertainm-ADR | Reduce -99.0% | 0.03% | −2.89 |
| APH Amphenol Corp. Class A | Reduce -85.7% | 0.38% | −2.01 |
| EDU New Oriental Educatio-SP ADR | Reduce -60.5% | 1.16% | −1.48 |
| FOX Fox Corp. Class B | Reduce -71.4% | 0.90% | −1.37 |
| BEKE Ke Holdings Inc.-ADR | Reduce -68.5% | 1.26% | −1.23 |
| NVDA Nvidia Corp. | Reduce -40.5% | 2.40% | −1.20 |
| WDC Western Digital Corp. | Sold out | 0.00% | −1.19 |
| DELL Dell Technologies -C | Reduce -64.5% | 0.47% | −0.89 |
| AVGO Broadcom Inc. | Reduce -48.4% | 1.35% | −0.78 |
| AOSL Alpha & Omega Semiconductor | Sold out | 0.00% | −0.78 |
| MLCO Melco Resorts & Entert-ADR | Reduce -59.9% | 0.71% | −0.77 |
| WYNN WYNN Resorts Ltd. | Sold out | 0.00% | −0.73 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.72 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.70 |
| PINS Pinterest Inc. Class A | Reduce -88.3% | 0.07% | −0.65 |
| PI Impinj Inc. | Sold out | 0.00% | −0.63 |
| SNPS Synopsys Inc. | Reduce -31.1% | 1.26% | −0.62 |
| ANET Arista Networks Inc. | Reduce -54.0% | 0.79% | −0.58 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.52 |
| IREN Iren Ltd. | Reduce -63.4% | 0.23% | −0.52 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.51 |
| RLX RLX Technology Inc.-ADR | Sold out | 0.00% | −0.47 |
| SKX Skechers USA Inc. Class A | Reduce -52.4% | 0.51% | −0.46 |
| SNAP Snap Inc. Class A | Sold out | 0.00% | −0.41 |
| GRAB Grab Holdings Ltd. Class A | Reduce -68.5% | 0.25% | −0.40 |
| GDX Vaneck Gold Miners ETF | Reduce -88.1% | 0.07% | −0.39 |
| FRO Frontline PLC | Sold out | 0.00% | −0.36 |
| GDXJ Vaneck Junior Gold Miners | Sold out | 0.00% | −0.36 |
| URA Global X Uranium ETF | Sold out | 0.00% | −0.36 |
| TRMD Torm PLC-A | Sold out | 0.00% | −0.33 |
| AAOI Applied Optoelectronics Inc. | Sold out | 0.00% | −0.33 |
| ARM Arm Holdings PLC-ADR | Reduce -69.9% | 0.13% | −0.31 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.30 |
| GOTU Gaotu Techedu Inc. | Sold out | 0.00% | −0.30 |
| NWS News Corp. Class B | Sold out | 0.00% | −0.29 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.29 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -63.4% | 0.21% | −0.27 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -21.1% | 2.35% | −0.26 |
| SPOT Spotify Technology SA | Reduce -38.9% | 1.10% | −0.24 |
| MNSO Miniso Group Holding Ltd.-ADR | Sold out | 0.00% | −0.23 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -52.6% | 0.16% | −0.22 |
| XLF SS Financial Select Sector | Reduce -60.5% | 0.21% | −0.22 |
| XP XP Inc. Class A | Sold out | 0.00% | −0.20 |
| FLUT Flutter Entertainment PLC-Di | Reduce -80.8% | 0.07% | −0.18 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.18 |
| XLP SS Consumer Staples Sel Sect | Reduce -54.2% | 0.23% | −0.18 |
Portfolio Buys Q2 2024 → Q3 2024
| JD Jd.com Inc.-ADR | New | 5.23% | +5.23 |
| META Meta Platforms Inc. Class A | Add +1086.5% | 3.91% | +3.65 |
| FUTU Futu Holdings Ltd.-ADR | Add +42.1% | 4.88% | +2.82 |
| GEV GE Vernova Inc. | Add +26.8% | 4.61% | +2.47 |
| TCOM Trip.com Group Ltd.-ADR | Add +424.5% | 2.00% | +1.73 |
| PDD PDD Holdings Inc. | Add +37.8% | 3.96% | +1.48 |
| AMD Advanced Micro Devices | Add +1492.0% | 1.51% | +1.43 |
| AS Amer Sports Inc. | Add +236.1% | 1.62% | +1.29 |
| COHR Coherent Corp. | New | 1.23% | +1.23 |
| ASHR Xtrackers Harvest Csi 300 CH | New | 1.22% | +1.22 |
| CIEN Ciena Corp. | New | 1.02% | +1.02 |
| ZK Zeekr Intelligent Techno-ADR | New | 0.89% | +0.89 |
| GDS GDS Holdings Ltd. - ADR | New | 0.84% | +0.84 |
| NXPI NXP Semiconductors NV | New | 0.83% | +0.83 |
| RDDT Reddit Inc. Class A | Add +239.5% | 1.09% | +0.82 |
| TAL Tal Education Group- ADR | Add +64.6% | 1.53% | +0.80 |
| GLD SPDR Gold Shares | New | 0.74% | +0.74 |
| VST Vistra Corp. | New | 0.74% | +0.74 |
| DECK Deckers Outdoor Corp. | Add +112.7% | 1.24% | +0.73 |
| TSLA Tesla Inc. | Add +109.2% | 0.96% | +0.66 |
| SE Sea Ltd.-ADR | Add +42.9% | 1.19% | +0.64 |
| YMM Full Truck Alliance -SPN ADR | Add +73.7% | 0.98% | +0.54 |
| LITE Lumentum Holdings Inc. | New | 0.50% | +0.50 |
| NTES Netease Inc.-ADR | Add +34.9% | 1.38% | +0.46 |
| TLT iShares 20+ Year Treasury BD | Add +35.3% | 1.17% | +0.46 |
| IWM iShares Russell 2000 ETF | Add +626.1% | 0.48% | +0.43 |
| MTSI Macom Technology Solutions H | New | 0.39% | +0.39 |
| KWEB Kranesh Csi China Internet | New | 0.38% | +0.38 |
| ORCL Oracle Corp. | Add +238.2% | 0.45% | +0.36 |
| IGV iShares Expanded Tech-Softwa | New | 0.35% | +0.35 |
| APP AppLovin Corp. Class A | New | 0.35% | +0.35 |
| CVNA Carvana Co. | New | 0.32% | +0.32 |
| NFLX Netflix Inc. | New | 0.29% | +0.29 |
| NOW ServiceNow Inc. | Add +57.0% | 0.56% | +0.28 |
| ASX Ase Technology Holding -ADR | New | 0.28% | +0.28 |
| ABT Abbott Laboratories | Add +80.0% | 0.47% | +0.26 |
| SITM Sitime Corp. | New | 0.26% | +0.26 |
| DLR Digital Realty Trust Inc. | New | 0.25% | +0.25 |
| LBTYA Liberty Global Ltd. Class A | New | 0.24% | +0.24 |
| XLI SS Industrial Select Sector | Add +280.0% | 0.30% | +0.24 |
| IEI iShares 3-7 Year Treasury Bo | New | 0.23% | +0.23 |
| MSTR Strategy Inc. | Add +170.9% | 0.32% | +0.23 |
| IEF iShares 7-10 Year Treasury B | New | 0.23% | +0.23 |
| ITA iShares U.S. Aerospace & Def | New | 0.23% | +0.23 |
| CEG Constellation Energy | Add +17.4% | 0.53% | +0.23 |
| XLY SS Consumer Disc Select Sect | Add +236.8% | 0.30% | +0.23 |
| TT Trane Technologies PLC | New | 0.21% | +0.21 |
| MOMO Hello Group Inc. -SPN ADR | New | 0.21% | +0.21 |
| LEGN Legend Biotech Corp.-ADR | Add +39.4% | 0.47% | +0.20 |
| CSCO Cisco Systems Inc. | New | 0.18% | +0.18 |
Options Activity Q2 2024 → Q3 2024
| AOSL Alpha & Omega Semiconductor | call | Sold out | 15,000 | $561Kbefore 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 |