Q Fund Management (Hong Kong) Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed August 14, 2025), Q Fund Management (Hong Kong) Ltd reported 27 stock positions worth $73.1 million. Its top holding was Proshares TR (SQQQ) at 20.8% of the portfolio, followed by Robinhood Markets Class A (HOOD, 17.5%) and Palantir Technologies Class A (PLTR, 16.1%). Compared with Q4 2024, it opened 9 new positions, sold out of 16, added to 9 and reduced 4. The biggest buy was a new position in Robinhood Markets Class A (HOOD) and the biggest sale an exit from Zoom Communications (ZM).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0002078832
- Portfolio Value
- $73.1M (Q1 2025)
- SEC Filing
- 0002078832-25-000004 ↗ filed Aug 14, 2025
Holdings Value
Holdings 27 stocks · $73.1M
| SQQQ Proshares TR | 20.79% | 396,714 | $15.2M | Add +4.3% |
| HOOD Robinhood Markets Inc. Class A | 17.50% | 307,500 | $12.8M | New |
| PLTR Palantir Technologies Inc. Class A | 16.05% | 139,100 | $11.7M | New |
| APP AppLovin Corp. Class A | 10.47% | 28,900 | $7.7M | Add +117.3% |
| RBLX Roblox Corp. Class A | 9.20% | 115,400 | $6.7M | Add +38.4% |
| AFRM Affirm Holdings Inc. | 7.67% | 124,200 | $5.6M | New |
| IBIT iShares Bitcoin Trust ETF | 3.04% | 47,500 | $2.2M | Add +196.9% |
| IEF iShares 7-10 Year Treasury B | 2.61% | 20,000 | $1.9M | Add +11.1% |
| BITU Proshares Ultra Bitcoin ETF | 1.53% | 33,600 | $1.1M | Reduce -79.2% |
| DQ Daqo New Energy Corp.-ADR | 1.10% | 44,389 | $804K | Add +140.4% |
| HODL Vaneck Bitcoin ETF | 1.02% | 32,000 | $746K | No change |
| SDOW Proshares Ultpro SHRT DOW30 | 0.98% | 13,725 | $716K | No change |
| ARKB ARK 21SHARES Bitcoin ETF | 0.90% | 8,000 | $658K | No change |
| GOOGL Alphabet Inc. Class A | 0.85% | 4,000 | $619K | New |
| AMZN Amazon.com Inc. | 0.81% | 3,100 | $590K | New |
| AVGO Broadcom Inc. | 0.71% | 3,100 | $519K | Add +138.5% |
| META Meta Platforms Inc. Class A | 0.71% | 900 | $519K | New |
| ETHW Bitwise Ethereum ETF | 0.63% | 35,000 | $459K | No change |
| CFLT Confluent Inc. Class A | 0.51% | 16,000 | $375K | New |
| FROG Jfrog Ltd. | 0.50% | 11,500 | $368K | New |
| ETH Grayscale Ethereum Staking M | 0.49% | 21,000 | $362K | Add +517.6% |
| OXY Occidental Petroleum Corp. | 0.40% | 6,000 | $296K | No change |
| MU Micron Technology Inc. | 0.36% | 3,000 | $261K | Reduce -37.5% |
| PCT Purecycle Technologies Inc. | 0.33% | 35,000 | $242K | New |
| NVDA Nvidia Corp. | 0.33% | 2,200 | $238K | Reduce -95.4% |
| NKE Nike Inc. Class B | 0.26% | 3,000 | $190K | Reduce -25.0% |
| BITB Bitwise Bitcoin ETF | 0.26% | 4,200 | $188K | Add +5.0% |
Portfolio Sells Q4 2024 → Q1 2025
| ZM Zoom Communications Inc. | Sold out | 0.00% | −12.74 |
| BITX 2X Bitcoin ETF | Sold out | 0.00% | −10.68 |
| CRM Salesforce Inc. | Sold out | 0.00% | −9.15 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −7.00 |
| BITU Proshares Ultra Bitcoin ETF | Reduce -79.2% | 1.53% | −6.85 |
| TSLA Tesla Inc. | Sold out | 0.00% | −6.84 |
| NVDA Nvidia Corp. | Reduce -95.4% | 0.33% | −6.43 |
| TEL Te Connectivity PLC | Sold out | 0.00% | −4.71 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.53 |
| AMSC American Superconductor Corp. | Sold out | 0.00% | −0.52 |
| LSCC Lattice Semiconductor Corp. | Sold out | 0.00% | −0.45 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.43 |
| BA The Boeing Co. | Sold out | 0.00% | −0.41 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.39 |
| CHWY Chewy Inc. Class A | Sold out | 0.00% | −0.35 |
| ESTA Establishment Labs Holdings | Sold out | 0.00% | −0.29 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.22 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.19 |
| MU Micron Technology Inc. | Reduce -37.5% | 0.36% | −0.07 |
| NKE Nike Inc. Class B | Reduce -25.0% | 0.26% | −0.06 |
Portfolio Buys Q4 2024 → Q1 2025
| HOOD Robinhood Markets Inc. Class A | New | 17.50% | +17.50 |
| PLTR Palantir Technologies Inc. Class A | New | 16.05% | +16.05 |
| SQQQ Proshares TR | Add +4.3% | 20.79% | +8.37 |
| AFRM Affirm Holdings Inc. | New | 7.67% | +7.67 |
| APP AppLovin Corp. Class A | Add +117.3% | 10.47% | +5.95 |
| RBLX Roblox Corp. Class A | Add +38.4% | 9.20% | +4.14 |
| IBIT iShares Bitcoin Trust ETF | Add +196.9% | 3.04% | +2.15 |
| IEF iShares 7-10 Year Treasury B | Add +11.1% | 2.61% | +0.86 |
| GOOGL Alphabet Inc. Class A | New | 0.85% | +0.85 |
| AMZN Amazon.com Inc. | New | 0.81% | +0.81 |
| DQ Daqo New Energy Corp.-ADR | Add +140.4% | 1.10% | +0.72 |
| META Meta Platforms Inc. Class A | New | 0.71% | +0.71 |
| CFLT Confluent Inc. Class A | New | 0.51% | +0.51 |
| FROG Jfrog Ltd. | New | 0.50% | +0.50 |
| AVGO Broadcom Inc. | Add +138.5% | 0.71% | +0.39 |
| ETH Grayscale Ethereum Staking M | Add +517.6% | 0.49% | +0.38 |
| PCT Purecycle Technologies Inc. | New | 0.33% | +0.33 |
| BITB Bitwise Bitcoin ETF | Add +5.0% | 0.26% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 26 | $109.5M | MRVL, INTC, SNDK, ALAB, MU |
| Q1 2026Amended | 21 | $41.7M | LITE, AXTI, TSEM, SNDK, IEF |
| Q4 2025 | 33 | $106.5M | GOOG, TSLA, COHR, HOOD, MU |
| Q3 2025 | 25 | $144.1M | TSLA, HOOD, IBIT, CRWV, MRVL |
| Q2 2025 | 27 | $181.9M | HOOD, META, IBIT, TSLA, BITU |
| Q1 2025 | 27 | $73.1M | SQQQ, HOOD, PLTR, APP, RBLX |
| Q4 2024 | 34 | $95.4M | ZM, SQQQ, BITX, CRM, BITU |