Q Fund Management (Hong Kong) Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 29, 2026), Q Fund Management (Hong Kong) Ltd reported 21 stock positions worth $41.7 million. Its top holding was Lumentum (LITE) at 30.0% of the portfolio, followed by Axt (AXTI, 17.0%) and Tower Semiconductor (TSEM, 16.9%). Compared with Q4 2025, it opened 9 new positions, sold out of 21, added to 3 and reduced 4. The biggest buy was a new position in Lumentum (LITE) and the biggest sale an exit from Alphabet Class C (GOOG).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0002078832
- Portfolio Value
- $41.7M (Q1 2026)
- SEC Filing
- 0002078832-26-000008 ↗ filed Apr 29, 2026
Holdings Value
Holdings 21 stocks · $41.7M
| LITE Lumentum Holdings Inc. | 30.00% | 17,800 | $12.5M | New |
| AXTI Axt Inc. | 16.98% | 124,262 | $7.1M | New |
| TSEM Tower Semiconductor Ltd. | 16.92% | 40,200 | $7.1M | New |
| SNDK Sandisk Corp. | 15.69% | 10,300 | $6.5M | Reduce -66.7% |
| IEF iShares 7-10 Year Treasury B | 5.72% | 25,000 | $2.4M | No change |
| INTC Intel Corp. | 2.65% | 25,000 | $1.1M | Reduce -88.0% |
| GOOGL Alphabet Inc. Class A | 1.72% | 2,500 | $719K | Reduce -41.9% |
| AAOI Applied Optoelectronics Inc. | 1.62% | 8,000 | $677K | New |
| BE Bloom Energy Corp. Class A | 1.40% | 4,300 | $583K | New |
| WULF Terawulf Inc. | 1.31% | 38,000 | $548K | Add +58.3% |
| TPL Texas Pacific Land Corp. | 1.14% | 1,000 | $475K | New |
| PDD PDD Holdings Inc. | 0.98% | 4,000 | $409K | Add +60.0% |
| OXY Occidental Petroleum Corp. | 0.94% | 6,000 | $390K | No change |
| SOLS Solstice Adv Materials Inc. | 0.91% | 5,000 | $381K | New |
| UBER Uber Technologies Inc. | 0.69% | 4,000 | $288K | Add +33.3% |
| AMZN Amazon.com Inc. | 0.50% | 1,000 | $208K | Reduce -50.0% |
| NKE Nike Inc. Class B | 0.38% | 3,000 | $158K | No change |
| TLT iShares 20+ Year Treasury BD | 0.21% | 1,000 | $87K | No change |
| DEO Diageo PLC-Sponsored ADR | 0.09% | 500 | $37K | No change |
| MSFT Microsoft Corp. | 0.09% | 100 | $37K | New |
| LULU Lululemon Athletica Inc. | 0.07% | 200 | $31K | New |
Portfolio Sells Q4 2025 → Q1 2026
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −21.47 |
| TSLA Tesla Inc. | Sold out | 0.00% | −13.81 |
| COHR Coherent Corp. | Sold out | 0.00% | −10.36 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −8.96 |
| MU Micron Technology Inc. | Sold out | 0.00% | −8.33 |
| AFRM Affirm Holdings Inc. | Sold out | 0.00% | −6.02 |
| INTC Intel Corp. | Reduce -88.0% | 2.65% | −4.55 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −2.42 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −1.29 |
| DQ Daqo New Energy Corp.-ADR | Sold out | 0.00% | −1.12 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.82 |
| HODL Vaneck Bitcoin ETF | Sold out | 0.00% | −0.74 |
| ETHW Bitwise Ethereum ETF | Sold out | 0.00% | −0.70 |
| ARKB ARK 21SHARES Bitcoin ETF | Sold out | 0.00% | −0.65 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.58 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.58 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.53 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.50 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.50 |
| ETH Grayscale Ethereum Staking M | Sold out | 0.00% | −0.47 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.43 |
| IE Ivanhoe Electric Inc. / US | Sold out | 0.00% | −0.38 |
| AMZN Amazon.com Inc. | Reduce -50.0% | 0.50% | +0.07 |
| GOOGL Alphabet Inc. Class A | Reduce -41.9% | 1.72% | +0.46 |
| SNDK Sandisk Corp. | Reduce -66.7% | 15.69% | +8.81 |
Portfolio Buys Q4 2025 → Q1 2026
| LITE Lumentum Holdings Inc. | New | 30.00% | +30.00 |
| AXTI Axt Inc. | New | 16.98% | +16.98 |
| TSEM Tower Semiconductor Ltd. | New | 16.92% | +16.92 |
| AAOI Applied Optoelectronics Inc. | New | 1.62% | +1.62 |
| BE Bloom Energy Corp. Class A | New | 1.40% | +1.40 |
| TPL Texas Pacific Land Corp. | New | 1.14% | +1.14 |
| WULF Terawulf Inc. | Add +58.3% | 1.31% | +1.06 |
| SOLS Solstice Adv Materials Inc. | New | 0.91% | +0.91 |
| PDD PDD Holdings Inc. | Add +60.0% | 0.98% | +0.71 |
| UBER Uber Technologies Inc. | Add +33.3% | 0.69% | +0.46 |
| MSFT Microsoft Corp. | New | 0.09% | +0.09 |
| LULU Lululemon Athletica Inc. | New | 0.07% | +0.07 |
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 |