Q Fund Management (Hong Kong) Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Q Fund Management (Hong Kong) Ltd reported 25 stock positions worth $144.1 million. Its top holding was Tesla (TSLA) at 14.7% of the portfolio, followed by Robinhood Markets Class A (HOOD, 13.6%) and iShares Bitcoin Trust ETF (IBIT, 13.1%). Compared with Q2 2025, it opened 8 new positions, sold out of 10, added to 1 and reduced 4. The biggest buy was a new position in Coreweave Class A (CRWV) and the biggest sale an exit from Meta Platforms Class A (META).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0002078832
- Portfolio Value
- $144.1M (Q3 2025)
- SEC Filing
- 0002078832-25-000016 ↗ filed Nov 4, 2025
Holdings Value
Holdings 25 stocks · $144.1M
| TSLA Tesla Inc. | 14.69% | 47,600 | $21.2M | Reduce -2.7% |
| HOOD Robinhood Markets Inc. Class A | 13.61% | 137,000 | $19.6M | Reduce -36.8% |
| IBIT iShares Bitcoin Trust ETF | 13.08% | 289,947 | $18.8M | Reduce -1.4% |
| CRWV Coreweave Inc. Class A | 12.93% | 136,173 | $18.6M | New |
| MRVL Marvell Technology Inc. | 8.67% | 148,700 | $12.5M | New |
| COIN Coinbase Global Inc. Class A | 7.31% | 31,200 | $10.5M | New |
| ORCL Oracle Corp. | 5.28% | 27,059 | $7.6M | New |
| SHOP Shopify Inc. Class A | 4.83% | 46,800 | $7.0M | New |
| OPEN Opendoor Technologies Inc. | 4.48% | 810,000 | $6.5M | New |
| OSCR Oscar Health Inc. Class A | 4.12% | 313,800 | $5.9M | New |
| TSLL Dirx DLY Tsla Bul 2X ETF-Aui | 2.50% | 170,500 | $3.6M | New |
| IEF iShares 7-10 Year Treasury B | 1.67% | 25,000 | $2.4M | No change |
| BITU Proshares Ultra Bitcoin ETF | 1.35% | 36,400 | $1.9M | Reduce -87.8% |
| DQ Daqo New Energy Corp.-ADR | 0.78% | 40,000 | $1.1M | Add +8.8% |
| ETHW Bitwise Ethereum ETF | 0.72% | 35,000 | $1.0M | No change |
| HODL Vaneck Bitcoin ETF | 0.72% | 32,000 | $1.0M | No change |
| GOOGL Alphabet Inc. Class A | 0.67% | 4,000 | $972K | No change |
| ARKB ARK 21SHARES Bitcoin ETF | 0.63% | 24,000 | $912K | No change |
| ETH Grayscale Ethereum Staking M | 0.57% | 21,000 | $823K | No change |
| APP AppLovin Corp. Class A | 0.50% | 1,000 | $719K | No change |
| FROG Jfrog Ltd. | 0.30% | 9,000 | $426K | No change |
| OXY Occidental Petroleum Corp. | 0.20% | 6,000 | $284K | No change |
| BITB Bitwise Bitcoin ETF | 0.19% | 4,400 | $274K | No change |
| NKE Nike Inc. Class B | 0.15% | 3,000 | $209K | No change |
| TLT iShares 20+ Year Treasury BD | 0.06% | 1,000 | $89K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −9.90 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −7.59 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −7.27 |
| BITU Proshares Ultra Bitcoin ETF | Reduce -87.8% | 1.35% | −7.11 |
| AFRM Affirm Holdings Inc. | Sold out | 0.00% | −6.92 |
| NBIS Nebius Group NV | Sold out | 0.00% | −6.80 |
| UPST Upstart Holdings Inc. | Sold out | 0.00% | −6.18 |
| SQQQ Proshares TR | Sold out | 0.00% | −6.08 |
| TEM Tempus AI Inc. Class A | Sold out | 0.00% | −4.02 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −2.49 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.20 |
| HOOD Robinhood Markets Inc. Class A | Reduce -36.8% | 13.61% | +2.45 |
| IBIT iShares Bitcoin Trust ETF | Reduce -1.4% | 13.08% | +3.18 |
| TSLA Tesla Inc. | Reduce -2.7% | 14.69% | +6.15 |
Portfolio Buys Q2 2025 → Q3 2025
| CRWV Coreweave Inc. Class A | New | 12.93% | +12.93 |
| MRVL Marvell Technology Inc. | New | 8.67% | +8.67 |
| COIN Coinbase Global Inc. Class A | New | 7.31% | +7.31 |
| ORCL Oracle Corp. | New | 5.28% | +5.28 |
| SHOP Shopify Inc. Class A | New | 4.83% | +4.83 |
| OPEN Opendoor Technologies Inc. | New | 4.48% | +4.48 |
| OSCR Oscar Health Inc. Class A | New | 4.12% | +4.12 |
| TSLL Dirx DLY Tsla Bul 2X ETF-Aui | New | 2.50% | +2.50 |
| DQ Daqo New Energy Corp.-ADR | Add +8.8% | 0.78% | +0.47 |
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 |