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

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 $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 Q2 2026

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%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.16% 8,384 $677K New
STM Stmicroelectronics NV-NY SHS 0.14% 21,000 $624K New
MPWR Monolithic Power Systems Inc. 0.14% 650 $601K New
MBLY Mobileye Global Inc. Class A 0.13% 42,310 $580K New
ARM Arm Holdings PLC-ADR 0.13% 4,000 $572K Reduce -69.9%
FDN First Trust DJ Internet Ind 0.13% 2,700 $572K New
XLV SS Health Care Select Sector 0.12% 3,500 $539K New
CROX Crocs Inc. 0.12% 3,600 $521K Reduce -2.7%
AMAT Applied Materials Inc. 0.12% 2,554 $516K Add +112.8%
PYPL PayPal Holdings Inc. 0.12% 6,550 $511K Add +12.0%
DAL Delta Air Lines Inc. 0.12% 10,000 $508K New
HLI Houlihan Lokey Inc. 0.12% 3,200 $506K New
NET Cloudflare Inc. Class A 0.12% 6,250 $506K New
XPEV Xpeng Inc. - ADR 0.11% 40,000 $487K New
MRVL Marvell Technology Inc. 0.10% 6,200 $447K New
JAZZ Jazz Pharmaceuticals PLC 0.10% 4,000 $446K No change
LLY Eli Lilly & Co. 0.10% 500 $443K New
INDA iShares MSCI India ETF 0.10% 7,500 $439K Add +7.1%
BIRK Birkenstock Holding PLC 0.10% 8,626 $425K New
DDOG Datadog Inc. Class A 0.09% 3,330 $383K Reduce -24.3%
PH Parker Hannifin Corp. 0.09% 600 $379K New
VRT Vertiv Holdings Co. Class A 0.09% 3,700 $368K New
RACE Ferrari NV 0.08% 750 $353K Reduce -6.3%
INTC Intel Corp. 0.08% 15,000 $352K New
LU Lufax Holding Ltd.-ADR 0.08% 100,000 $349K New
UBER Uber Technologies Inc. 0.08% 4,600 $346K Reduce -23.3%
DASH DoorDash Inc. Class A 0.08% 2,400 $343K New
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.08% 3,100 $340K Reduce -34.0%
GDX Vaneck Gold Miners ETF 0.07% 8,100 $323K Reduce -88.1%
FND Floor & Decor Holdings Inc. Class A 0.07% 2,550 $317K New
BZ Kanzhun Ltd. - ADR 0.07% 18,100 $314K New
INTU Intuit Inc. 0.07% 500 $311K Reduce -44.4%
FLUT Flutter Entertainment PLC-Di 0.07% 1,300 $308K Reduce -80.8%
PINS Pinterest Inc. Class A 0.07% 9,400 $304K Reduce -88.3%
WSM Williams-Sonoma Inc. 0.06% 1,800 $279K New
ISRG Intuitive Surgical Inc. 0.06% 564 $277K New
AES AES Corp. 0.06% 13,000 $261K New
QCOM Qualcomm Inc. 0.06% 1,500 $255K Reduce -73.2%
BKNG Booking Holdings Inc. 0.06% 60 $253K Reduce -52.4%
ACMR Acm Research Inc. Class A 0.06% 12,000 $244K Reduce -44.7%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.05% 550 $233K No change
KO The Coca-Cola Co. 0.05% 3,200 $230K New
SWK Stanley Black & Decker Inc. 0.05% 2,000 $220K New
CAT Caterpillar Inc. 0.05% 550 $215K Reduce -42.1%
GD General Dynamics Corp. 0.05% 700 $212K New
CLS Celestica Inc. 0.05% 4,000 $204K New
RH RH 0.05% 600 $201K New
TERN Terns Pharmaceuticals Inc. 0.05% 24,000 $200K New
VIPS Vipshop Holdings Ltd. - ADR 0.04% 11,128 $175K New
TME Tencent Music Entertainm-ADR 0.03% 10,000 $121K Reduce -99.0%
NBIS Nebius Group NV 0.00% 26,116 $0 No change

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

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