Tree Line Advisors (Hong Kong) Ltd.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Tree Line Advisors (Hong Kong) Ltd. reported 4 stock positions worth $384.1 million. Its top holding was Sea Ltd.-ADR (SE) at 51.2% of the portfolio, followed by Coupang (CPNG, 25.7%) and Nebius (NBIS, 15.4%). Compared with Q1 2025, it opened 1 new position and sold out of 4. The biggest buy was a new position in Atour Lifestyle Holdings-ADR (ATAT) and the biggest sale an exit from Freeport-McMoran (FCX).

Most Recent 13F
Q2 2026
Location
CENTRAL, K3
CIK
0001535096
Portfolio Value
$384.1M (Q2 2025)
SEC Filing
0000950123-25-007735 ↗ filed Aug 13, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $331.4M Q1 2024 Q2 2024: $385.3M Q2 2024 Q3 2024: $430.6M Q3 2024 Q4 2024: $531.8M Q4 2024 Q1 2025: $400.8M Q1 2025 Q2 2025: $384.1M $384.1M Q2 2025 Q3 2025: $547.5M Q3 2025 Q4 2025: $438.9M Q4 2025 Q1 2026: $232.6M Q1 2026 Q2 2026: $351.1M Q2 2026

Holdings 4 stocks · $384.1M
SE Sea Ltd.-ADR 51.22% 1,230,000 $196.7M No change
CPNG Coupang Inc. 25.74% 3,300,000 $98.9M No change
NBIS Nebius Group NV 15.42% 1,070,000 $59.2M No change
ATAT Atour Lifestyle Holdings-ADR 7.62% 900,000 $29.3M New

Portfolio Sells Q1 2025 → Q2 2025
FCX Freeport-McMoran Inc. Sold out 0.00% −12.28
NVDA Nvidia Corp. Sold out 0.00% −10.82
AVGO Broadcom Inc. Sold out 0.00% −7.52
BE Bloom Energy Corp. Class A Sold out 0.00% −5.64

Portfolio Buys Q1 2025 → Q2 2025
ATAT Atour Lifestyle Holdings-ADR New 7.62% +7.62

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 3$351.1MNBIS, SE, CPNG
Q1 2026 3$232.6MNBIS, SE, CPNG
Q4 2025 6$438.9MSE, NBIS, CPNG, FUTU, AVGO
Q3 2025 6$547.5MSE, NBIS, CPNG, FUTU, AVGO
Q2 2025 4$384.1MSE, CPNG, NBIS, ATAT
Q1 2025 7$400.8MSE, CPNG, FCX, NVDA, AVGO
Q4 2024 9$531.8MSE, CPNG, AVGO, NVDA, FCX
Q3 2024 7$430.6MSE, CPNG, FCX, NVDA, AVGO
Q2 2024 7$385.3MSE, CPNG, FCX, NVDA, AVGO
Q1 2024 7$331.4MNVDA, CPNG, SE, AVGO, ANET