Shengqi Capital (Hong Kong) Ltd In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Shengqi Capital (Hong Kong) Ltd reported 4 stock positions worth $110.4 million . Its top holding was PDD (PDD) at 51.6% of the portfolio, followed by Alibaba Group Holding-SP ADR (BABA, 42.0% ) and Meta Platforms Class A (META, 5.2% ). Compared with Q4 2024, it opened 1 new position, sold out of 3 and reduced 2. The biggest buy was a new position in Alibaba Group Holding-SP ADR (BABA) and the biggest sale an exit from Tesla (TSLA).
Location HONG KONG, K3
CIK 0002040405
Portfolio Value $110.4M (Q1 2025) Holdings 4 stocks · $110.4M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 PDD PDD Holdings Inc. 480,947 $56.9M No change BABA Alibaba Group Holding-SP ADR 350,718 $46.4M New META Meta Platforms Inc. Class A 10,000 $5.8M Reduce -1.6% GOOGL Alphabet Inc. Class A 8,500 $1.3M Reduce -90.7%
Options reported separately and not counted above: PDD calls ($32.0M).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ TSLA Tesla Inc. Sold out 0.00% −31.49 GOOGL Alphabet Inc. Class A Reduce -90.7% 1.19% −13.63 YINN Direxion DLY Ftse CH BL3X-Ui Sold out 0.00% −4.89 TSLL Dirx DLY Tsla Bul 2X ETF-Aui Sold out 0.00% −3.55 META Meta Platforms Inc. Class A Reduce -1.6% 5.22% +0.10
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ BABA Alibaba Group Holding-SP ADR New 42.02% +42.02
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ PDD PDD Holdings Inc. call Reduce -46.0% 270,000 $32.0M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 7 $334.0M MU, QCOM, DRAM, GOOG, TQQQ Q1 2026 Amended 5 $67.6M MU, GOOG, TQQQ, IBIT, GREENLAND MINES LTD Q4 2025 0 $0 Q3 2025 4 $33K IBIT, TQQQ, ETHA, GREENLAND MINES LTD Q2 2025 0 $0 Q1 2025 4 $110.4M PDD, BABA, META, GOOGL Q4 2024 6 $116.2M PDD, TSLA, GOOGL, META, YINN Q3 2024 2 $103.0M TSLA, PDD