Q Fund Management (Hong Kong) Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Q Fund Management (Hong Kong) Ltd reported 27 stock positions worth $181.9 million. Its top holding was Robinhood Markets Class A (HOOD) at 11.2% of the portfolio, followed by Meta Platforms Class A (META, 9.9%) and iShares Bitcoin Trust ETF (IBIT, 9.9%). Compared with Q1 2025, it opened 6 new positions, sold out of 6, added to 9 and reduced 4. The biggest buy was Meta Platforms Class A (META, shares +2611%) and the biggest sale an exit from Palantir Technologies Class A (PLTR).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0002078832
- Portfolio Value
- $181.9M (Q2 2025)
- SEC Filing
- 0002078832-25-000003 ↗ filed Aug 14, 2025
Holdings Value
Holdings 27 stocks · $181.9M
| HOOD Robinhood Markets Inc. Class A | 11.16% | 216,700 | $20.3M | Reduce -29.5% |
| META Meta Platforms Inc. Class A | 9.90% | 24,400 | $18.0M | Add +2611.1% |
| IBIT iShares Bitcoin Trust ETF | 9.89% | 294,000 | $18.0M | Add +519.0% |
| TSLA Tesla Inc. | 8.54% | 48,900 | $15.5M | New |
| BITU Proshares Ultra Bitcoin ETF | 8.46% | 297,200 | $15.4M | Add +784.5% |
| RBLX Roblox Corp. Class A | 7.59% | 131,300 | $13.8M | Add +13.8% |
| AVGO Broadcom Inc. | 7.27% | 48,000 | $13.2M | Add +1448.4% |
| AFRM Affirm Holdings Inc. | 6.92% | 182,000 | $12.6M | Add +46.5% |
| NBIS Nebius Group NV | 6.80% | 223,600 | $12.4M | New |
| UPST Upstart Holdings Inc. | 6.18% | 173,700 | $11.2M | New |
| SQQQ Proshares TR | 6.08% | 564,714 | $11.1M | Add +42.4% |
| TEM Tempus AI Inc. Class A | 4.02% | 115,100 | $7.3M | New |
| SNOW Snowflake Inc. | 2.49% | 20,200 | $4.5M | New |
| IEF iShares 7-10 Year Treasury B | 1.32% | 25,000 | $2.4M | Add +25.0% |
| HODL Vaneck Bitcoin ETF | 0.54% | 32,000 | $975K | No change |
| ARKB ARK 21SHARES Bitcoin ETF | 0.47% | 24,000 | $859K | No change |
| GOOGL Alphabet Inc. Class A | 0.39% | 4,000 | $705K | No change |
| ETHW Bitwise Ethereum ETF | 0.35% | 35,000 | $632K | No change |
| DQ Daqo New Energy Corp.-ADR | 0.31% | 36,776 | $558K | Reduce -17.1% |
| ETH Grayscale Ethereum Staking M | 0.27% | 21,000 | $498K | No change |
| FROG Jfrog Ltd. | 0.22% | 9,000 | $395K | Reduce -21.7% |
| MU Micron Technology Inc. | 0.20% | 3,000 | $370K | No change |
| APP AppLovin Corp. Class A | 0.19% | 1,000 | $350K | Reduce -96.5% |
| BITB Bitwise Bitcoin ETF | 0.14% | 4,400 | $258K | Add +4.8% |
| OXY Occidental Petroleum Corp. | 0.14% | 6,000 | $252K | No change |
| NKE Nike Inc. Class B | 0.12% | 3,000 | $213K | No change |
| TLT iShares 20+ Year Treasury BD | 0.05% | 1,000 | $88K | New |
Portfolio Sells Q1 2025 → Q2 2025
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −16.05 |
| APP AppLovin Corp. Class A | Reduce -96.5% | 0.19% | −10.28 |
| HOOD Robinhood Markets Inc. Class A | Reduce -29.5% | 11.16% | −6.34 |
| SDOW Proshares Ultpro SHRT DOW30 | Sold out | 0.00% | −0.98 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.81 |
| DQ Daqo New Energy Corp.-ADR | Reduce -17.1% | 0.31% | −0.79 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.51 |
| PCT Purecycle Technologies Inc. | Sold out | 0.00% | −0.33 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.33 |
| FROG Jfrog Ltd. | Reduce -21.7% | 0.22% | −0.29 |
Portfolio Buys Q1 2025 → Q2 2025
| META Meta Platforms Inc. Class A | Add +2611.1% | 9.90% | +9.19 |
| TSLA Tesla Inc. | New | 8.54% | +8.54 |
| BITU Proshares Ultra Bitcoin ETF | Add +784.5% | 8.46% | +6.93 |
| IBIT iShares Bitcoin Trust ETF | Add +519.0% | 9.89% | +6.85 |
| NBIS Nebius Group NV | New | 6.80% | +6.80 |
| AVGO Broadcom Inc. | Add +1448.4% | 7.27% | +6.57 |
| UPST Upstart Holdings Inc. | New | 6.18% | +6.18 |
| TEM Tempus AI Inc. Class A | New | 4.02% | +4.02 |
| SNOW Snowflake Inc. | New | 2.49% | +2.49 |
| TLT iShares 20+ Year Treasury BD | New | 0.05% | +0.05 |
| BITB Bitwise Bitcoin ETF | Add +4.8% | 0.14% | −0.12 |
| AFRM Affirm Holdings Inc. | Add +46.5% | 6.92% | −0.75 |
| IEF iShares 7-10 Year Treasury B | Add +25.0% | 1.32% | −1.29 |
| RBLX Roblox Corp. Class A | Add +13.8% | 7.59% | −1.60 |
| SQQQ Proshares TR | Add +42.4% | 6.08% | −14.72 |
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 |