Tairen Capital Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Tairen Capital Ltd reported 69 stock positions worth $680.2 million. Its top holding was Salesforce (CRM) at 10.5% of the portfolio, followed by PDD (PDD, 10.2%) and Microsoft (MSFT, 8.3%). Compared with Q3 2024, it opened 24 new positions, sold out of 14, added to 21 and reduced 19. The biggest buy was Salesforce (CRM, shares +1024%) and the biggest sale PDD (PDD, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001652062
- Portfolio Value
- $680.2M (Q4 2024)
- SEC Filing
- 0001085146-25-001482 ↗ filed Feb 14, 2025
Holdings Value
Holdings 69 stocks · $680.2M
| CRM Salesforce Inc. | 10.49% | 213,500 | $71.4M | Add +1023.7% |
| PDD PDD Holdings Inc. | 10.15% | 712,134 | $69.1M | Reduce -87.1% |
| MSFT Microsoft Corp. | 8.31% | 134,100 | $56.5M | New |
| VEEV Veeva Systems Inc. Class A | 7.58% | 245,350 | $51.6M | Add +163.8% |
| META Meta Platforms Inc. Class A | 6.62% | 76,900 | $45.0M | Reduce -77.4% |
| HOOD Robinhood Markets Inc. Class A | 3.43% | 625,500 | $23.3M | Add +267.9% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 3.26% | 277,560 | $22.2M | Reduce -51.0% |
| SNOW Snowflake Inc. | 3.19% | 140,490 | $21.7M | Reduce -57.8% |
| BA The Boeing Co. | 2.86% | 110,000 | $19.5M | Reduce -54.4% |
| GOOGL Alphabet Inc. Class A | 2.83% | 101,800 | $19.3M | Reduce -95.9% |
| LITE Lumentum Holdings Inc. | 2.37% | 191,646 | $16.1M | Add +1510.5% |
| ABNB Airbnb Inc. Class A | 2.32% | 120,000 | $15.8M | Reduce -26.6% |
| GOOG Alphabet Inc. Class C | 2.28% | 81,400 | $15.5M | Reduce -96.2% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 2.26% | 205,000 | $15.4M | Add +163.5% |
| PGR Progressive Corp. | 2.11% | 60,000 | $14.4M | Add +156.4% |
| NFLX Netflix Inc. | 1.97% | 15,000 | $13.4M | Reduce -90.3% |
| SPOT Spotify Technology SA | 1.92% | 29,200 | $13.1M | Reduce -35.1% |
| MDB Mongodb Inc. | 1.71% | 49,900 | $11.6M | New |
| AMZN Amazon.com Inc. | 1.68% | 52,050 | $11.4M | New |
| AAP Advance Auto Parts Inc. | 1.50% | 215,851 | $10.2M | Add +415.8% |
| ONON On Holding AG Class A filed as ON HLDG AG | 1.37% | 170,000 | $9.3M | New |
| LI Li Auto Inc. - ADR | 1.24% | 351,600 | $8.4M | New |
| BILL Bill Holdings Inc. | 1.14% | 91,500 | $7.8M | Add +13.7% |
| ADSK Autodesk Inc. | 1.11% | 25,600 | $7.6M | Add +1180.0% |
| NVDA Nvidia Corp. | 1.03% | 52,000 | $7.0M | Reduce -98.2% |
| QCOM Qualcomm Inc. | 0.98% | 43,500 | $6.7M | New |
| DECK Deckers Outdoor Corp. | 0.84% | 28,000 | $5.7M | Add +250.0% |
| BABA Alibaba Group Holding-SP ADR | 0.81% | 65,000 | $5.5M | Add +333.3% |
| MNSO Miniso Group Holding Ltd.-ADR | 0.77% | 218,170 | $5.2M | Add +211.7% |
| ANSS Ansys Inc. | 0.76% | 15,255 | $5.1M | New |
| MNDY Monday.com Ltd. | 0.67% | 19,400 | $4.6M | Add +198.5% |
| DDOG Datadog Inc. Class A | 0.66% | 31,200 | $4.5M | Reduce -5.2% |
| SHW The Sherwin-Williams Co. | 0.65% | 13,000 | $4.4M | New |
| FSLR First Solar Inc. | 0.65% | 25,000 | $4.4M | Add +150.0% |
| LIN Linde PLC | 0.62% | 10,000 | $4.2M | New |
| ESTC Elastic NV | 0.58% | 40,000 | $4.0M | Add +185.7% |
| SNPS Synopsys Inc. | 0.57% | 8,000 | $3.9M | New |
| PFE Pfizer Inc. | 0.51% | 130,000 | $3.4M | No change |
| CHWY Chewy Inc. Class A | 0.49% | 100,000 | $3.3M | Add +17.6% |
| AS Amer Sports Inc. | 0.48% | 117,000 | $3.3M | New |
| SNAP Snap Inc. Class A | 0.47% | 300,000 | $3.2M | No change |
| GWRE Guidewire Software Inc. | 0.46% | 18,400 | $3.1M | New |
| BZ Kanzhun Ltd. - ADR | 0.41% | 200,000 | $2.8M | No change |
| WIX Wix.com Ltd. | 0.35% | 11,200 | $2.4M | New |
| CFLT Confluent Inc. Class A | 0.30% | 72,798 | $2.0M | Add +45.6% |
| ETSY Etsy Inc. | 0.27% | 35,000 | $1.9M | Add +75.0% |
| XYZ Block Inc. | 0.25% | 20,300 | $1.7M | Reduce -42.0% |
| NTRA Natera Inc. | 0.25% | 10,700 | $1.7M | New |
| GTM Zoominfo Technologies Inc. | 0.25% | 160,000 | $1.7M | Add +100.0% |
| CDNS Cadence Design SYS Inc. | 0.22% | 5,000 | $1.5M | New |
| ROKU Roku Inc. | 0.22% | 20,000 | $1.5M | New |
| NBIS Nebius Group NV | 0.20% | 50,000 | $1.4M | New |
| OKTA Okta Inc. | 0.17% | 14,600 | $1.2M | Reduce -2.7% |
| BIRK Birkenstock Holding PLC | 0.17% | 20,000 | $1.1M | New |
| U Unity Software Inc. | 0.17% | 50,000 | $1.1M | New |
| NET Cloudflare Inc. Class A | 0.16% | 10,000 | $1.1M | Reduce -84.8% |
| FRSH Freshworks Inc. Class A | 0.14% | 60,000 | $970K | New |
| S Sentinelone Inc. Class A | 0.13% | 41,011 | $910K | Add +57.7% |
| FIVN FIVE9 Inc. | 0.13% | 21,343 | $867K | Add +25.2% |
| HUBS HubSpot Inc. | 0.08% | 750 | $523K | Reduce -62.5% |
| TWLO Twilio Inc. Class A | 0.07% | 4,500 | $486K | Reduce -92.0% |
| AVGO Broadcom Inc. | 0.06% | 1,900 | $440K | New |
| TSLA Tesla Inc. | 0.06% | 1,050 | $424K | Reduce -99.8% |
| BE Bloom Energy Corp. Class A | 0.06% | 18,100 | $402K | New |
| INTC Intel Corp. | 0.06% | 20,000 | $401K | Reduce -20.0% |
| DOCU Docusign Inc. | 0.05% | 3,700 | $333K | No change |
| TCOM Trip.com Group Ltd.-ADR | 0.04% | 3,900 | $268K | New |
| DLO Dlocal Ltd. | 0.03% | 17,531 | $197K | No change |
| TIGR Up Fintech Holding Ltd. - ADR | 0.01% | 10,525 | $68K | New |
Portfolio Sells Q3 2024 → Q4 2024
| PDD PDD Holdings Inc. | Reduce -87.1% | 10.15% | −13.40 |
| NVDA Nvidia Corp. | Reduce -98.2% | 1.03% | −12.45 |
| GOOGL Alphabet Inc. Class A | Reduce -95.9% | 2.83% | −12.31 |
| GOOG Alphabet Inc. Class C | Reduce -96.2% | 2.28% | −10.88 |
| TSLA Tesla Inc. | Reduce -99.8% | 0.06% | −5.74 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −4.23 |
| NFLX Netflix Inc. | Reduce -90.3% | 1.97% | −2.16 |
| ADBE Adobe Inc. | Sold out | 0.00% | −1.48 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.81 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.76 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.59 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.30 |
| META Meta Platforms Inc. Class A | Reduce -77.4% | 6.62% | −0.21 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.17 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.13 |
| TWLO Twilio Inc. Class A | Reduce -92.0% | 0.07% | −0.09 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −0.08 |
| NET Cloudflare Inc. Class A | Reduce -84.8% | 0.16% | −0.05 |
| DT Dynatrace Inc. | Sold out | 0.00% | −0.04 |
| ALAB Astera Labs Inc. | Sold out | 0.00% | −0.02 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −0.02 |
| CRDO Credo Technology Group Holdi | Sold out | 0.00% | −0.01 |
| CIEN Ciena Corp. | Sold out | 0.00% | −0.01 |
| HUBS HubSpot Inc. | Reduce -62.5% | 0.08% | +0.04 |
| INTC Intel Corp. | Reduce -20.0% | 0.06% | +0.04 |
| OKTA Okta Inc. | Reduce -2.7% | 0.17% | +0.13 |
| XYZ Block Inc. | Reduce -42.0% | 0.25% | +0.16 |
| DDOG Datadog Inc. Class A | Reduce -5.2% | 0.66% | +0.51 |
| SPOT Spotify Technology SA | Reduce -35.1% | 1.92% | +1.31 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -51.0% | 3.26% | +1.36 |
| ABNB Airbnb Inc. Class A | Reduce -26.6% | 2.32% | +1.54 |
| BA The Boeing Co. | Reduce -54.4% | 2.86% | +1.59 |
| SNOW Snowflake Inc. | Reduce -57.8% | 3.19% | +1.83 |
Portfolio Buys Q3 2024 → Q4 2024
| CRM Salesforce Inc. | Add +1023.7% | 10.49% | +10.30 |
| MSFT Microsoft Corp. | New | 8.31% | +8.31 |
| VEEV Veeva Systems Inc. Class A | Add +163.8% | 7.58% | +6.90 |
| HOOD Robinhood Markets Inc. Class A | Add +267.9% | 3.43% | +3.29 |
| LITE Lumentum Holdings Inc. | Add +1510.5% | 2.37% | +2.34 |
| EL Estee Lauder Companies Class A | Add +163.5% | 2.26% | +2.07 |
| PGR Progressive Corp. | Add +156.4% | 2.11% | +1.91 |
| MDB Mongodb Inc. | New | 1.71% | +1.71 |
| AMZN Amazon.com Inc. | New | 1.68% | +1.68 |
| AAP Advance Auto Parts Inc. | Add +415.8% | 1.50% | +1.45 |
| ONON On Holding AG Class A | New | 1.37% | +1.37 |
| LI Li Auto Inc. - ADR | New | 1.24% | +1.24 |
| ADSK Autodesk Inc. | Add +1180.0% | 1.11% | +1.09 |
| QCOM Qualcomm Inc. | New | 0.98% | +0.98 |
| BILL Bill Holdings Inc. | Add +13.7% | 1.14% | +0.97 |
| DECK Deckers Outdoor Corp. | Add +250.0% | 0.84% | +0.79 |
| BABA Alibaba Group Holding-SP ADR | Add +333.3% | 0.81% | +0.76 |
| ANSS Ansys Inc. | New | 0.76% | +0.76 |
| MNSO Miniso Group Holding Ltd.-ADR | Add +211.7% | 0.77% | +0.72 |
| SHW The Sherwin-Williams Co. | New | 0.65% | +0.65 |
| LIN Linde PLC | New | 0.62% | +0.62 |
| MNDY Monday.com Ltd. | Add +198.5% | 0.67% | +0.60 |
| FSLR First Solar Inc. | Add +150.0% | 0.65% | +0.58 |
| SNPS Synopsys Inc. | New | 0.57% | +0.57 |
| ESTC Elastic NV | Add +185.7% | 0.58% | +0.54 |
| AS Amer Sports Inc. | New | 0.48% | +0.48 |
| GWRE Guidewire Software Inc. | New | 0.46% | +0.46 |
| CHWY Chewy Inc. Class A | Add +17.6% | 0.49% | +0.41 |
| WIX Wix.com Ltd. | New | 0.35% | +0.35 |
| CFLT Confluent Inc. Class A | Add +45.6% | 0.30% | +0.25 |
| NTRA Natera Inc. | New | 0.25% | +0.25 |
| ETSY Etsy Inc. | Add +75.0% | 0.27% | +0.24 |
| CDNS Cadence Design SYS Inc. | New | 0.22% | +0.22 |
| ROKU Roku Inc. | New | 0.22% | +0.22 |
| GTM Zoominfo Technologies Inc. | Add +100.0% | 0.25% | +0.22 |
| NBIS Nebius Group NV | New | 0.20% | +0.20 |
| BIRK Birkenstock Holding PLC | New | 0.17% | +0.17 |
| U Unity Software Inc. | New | 0.17% | +0.17 |
| FRSH Freshworks Inc. Class A | New | 0.14% | +0.14 |
| S Sentinelone Inc. Class A | Add +57.7% | 0.13% | +0.11 |
| FIVN FIVE9 Inc. | Add +25.2% | 0.13% | +0.11 |
| AVGO Broadcom Inc. | New | 0.06% | +0.06 |
| BE Bloom Energy Corp. Class A | New | 0.06% | +0.06 |
| TCOM Trip.com Group Ltd.-ADR | New | 0.04% | +0.04 |
| TIGR Up Fintech Holding Ltd. - ADR | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 42 | $1.1B | TSM, AMD, LITE, MRVL, GLW |
| Q1 2026 | 44 | $924.3M | MU, EWY, TSM, GOOGL, META |
| Q4 2025 | 59 | $960.9M | GOOGL, HOOD, NVDA, LITE, TCOM |
| Q3 2025 | 66 | $925.4M | TSLA, HOOD, NVDA, TSM, BABA |
| Q2 2025 | 68 | $978.6M | IBIT, TSM, SNOW, MA, TCOM |
| Q1 2025 | 88 | $1.5B | AMZN, META, MSFT, SNOW, HOOD |
| Q4 2024 | 69 | $680.2M | CRM, PDD, MSFT, VEEV, META |
| Q3 2024 | 59 | $2.8B | PDD, GOOGL, NVDA, GOOG, META |
| Q2 2024 | 26 | $2.8B | PDD, AAPL, MSFT, AMZN, ASML |
| Q1 2024 | 37 | $1.6B | PDD, EDU, QCOM, VRT, MU |