Trivest Advisors Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Trivest Advisors Ltd reported 32 stock positions worth $3.1 billion. Its top holding was Nvidia (NVDA) at 13.9% of the portfolio, followed by Bloom Energy Class A (BE, 9.2%) and Microsoft (MSFT, 8.1%). Compared with Q2 2025, it opened 14 new positions, sold out of 18, added to 9 and reduced 9. The biggest buy was Bloom Energy Class A (BE, shares +1462%) and the biggest sale an exit from Spotify Technology (SPOT).
- Most Recent 13F
- Q2 2026
- Location
- Hong Kong, K3
- CIK
- 0001555623
- Portfolio Value
- $3.1B (Q3 2025)
- SEC Filing
- 0000929638-25-004203 ↗ filed Nov 10, 2025
Holdings Value
Holdings 32 stocks · $3.1B
| NVDA Nvidia Corp. | 13.93% | 2,340,360 | $436.7M | Add +74.6% |
| BE Bloom Energy Corp. Class A | 9.23% | 3,420,000 | $289.2M | Add +1461.6% |
| MSFT Microsoft Corp. | 8.11% | 490,700 | $254.2M | Add +881.4% |
| GOOGL Alphabet Inc. Class A | 6.61% | 852,000 | $207.1M | New |
| BABA Alibaba Group Holding-SP ADR | 6.45% | 1,130,900 | $202.1M | New |
| AVGO Broadcom Inc. | 6.03% | 572,500 | $188.9M | Add +1.3% |
| STX Seagate Technology Holdings | 5.44% | 722,000 | $170.4M | New |
| AMZN Amazon.com Inc. | 5.27% | 751,500 | $165.0M | Reduce -38.7% |
| ORCL Oracle Corp. | 4.76% | 530,562 | $149.2M | Reduce -23.1% |
| META Meta Platforms Inc. Class A | 4.76% | 203,000 | $149.1M | Reduce -43.1% |
| SE Sea Ltd.-ADR | 3.57% | 626,000 | $111.9M | Reduce -15.0% |
| WDC Western Digital Corp. | 3.52% | 920,000 | $110.5M | Add +463.4% |
| HOOD Robinhood Markets Inc. Class A | 3.47% | 760,000 | $108.8M | Reduce -17.5% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 2.92% | 526,800 | $91.6M | Add +64.6% |
| GOOG Alphabet Inc. Class C | 2.71% | 348,900 | $85.0M | Reduce -12.1% |
| TCOM Trip.com Group Ltd.-ADR | 2.64% | 1,100,000 | $82.7M | Add +10.0% |
| APP AppLovin Corp. Class A | 2.25% | 98,000 | $70.4M | Reduce -61.7% |
| DIDIY Didi Global Inc. | 2.13% | 10,750,000 | $66.9M | New |
| PDD PDD Holdings Inc. | 2.07% | 490,000 | $64.8M | Add +2387.3% |
| CRWV Coreweave Inc. Class A | 0.61% | 139,000 | $19.0M | New |
| SNDK Sandisk Corp. | 0.58% | 163,100 | $18.3M | New |
| AAPL Apple Inc. | 0.54% | 66,000 | $16.8M | New |
| ZEPP Zepp Health Corp.-ADR | 0.43% | 294,947 | $13.5M | New |
| LRCX Lam Research Corp. | 0.32% | 75,000 | $10.0M | New |
| NBIS Nebius Group NV | 0.27% | 76,000 | $8.5M | Reduce -65.7% |
| CRM Salesforce Inc. | 0.23% | 30,000 | $7.1M | New |
| VXX Ipath Series B S&P 500 Vix filed as BARCLAYS BANK PLC | 0.23% | 213,300 | $7.1M | Add +396.1% |
| SNAP Snap Inc. Class A | 0.22% | 895,000 | $6.9M | New |
| CORZ Core Scientific Inc. | 0.21% | 365,500 | $6.6M | New |
| PANW Palo Alto Networks Inc. | 0.20% | 31,200 | $6.4M | New |
| NFLX Netflix Inc. | 0.20% | 5,200 | $6.2M | Reduce -48.0% |
| SHOP Shopify Inc. Class A | 0.10% | 21,000 | $3.1M | New |
Portfolio Sells Q2 2025 → Q3 2025
| SPOT Spotify Technology SA | Sold out | 0.00% | −8.37 |
| META Meta Platforms Inc. Class A | Reduce -43.1% | 4.76% | −5.48 |
| AMZN Amazon.com Inc. | Reduce -38.7% | 5.27% | −5.19 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −4.74 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −3.64 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −3.51 |
| AS Amer Sports Inc. | Sold out | 0.00% | −3.12 |
| IBKR Interactive Brokers Gro Class A | Sold out | 0.00% | −2.84 |
| BTI British American Tob-SP ADR | Sold out | 0.00% | −2.34 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −2.03 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −1.87 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −1.32 |
| MU Micron Technology Inc. | Sold out | 0.00% | −1.29 |
| APP AppLovin Corp. Class A | Reduce -61.7% | 2.25% | −1.23 |
| ORCL Oracle Corp. | Reduce -23.1% | 4.76% | −1.10 |
| SE Sea Ltd.-ADR | Reduce -15.0% | 3.57% | −1.01 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.81 |
| HSAI Hesai Group | Sold out | 0.00% | −0.69 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.63 |
| C Citigroup Inc. | Sold out | 0.00% | −0.62 |
| NFLX Netflix Inc. | Reduce -48.0% | 0.20% | −0.32 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.31 |
| NBIS Nebius Group NV | Reduce -65.7% | 0.27% | −0.20 |
| TTMI TTM Technologies | Sold out | 0.00% | −0.18 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.15 |
| GOOG Alphabet Inc. Class C | Reduce -12.1% | 2.71% | −0.02 |
| HOOD Robinhood Markets Inc. Class A | Reduce -17.5% | 3.47% | +0.12 |
Portfolio Buys Q2 2025 → Q3 2025
| BE Bloom Energy Corp. Class A | Add +1461.6% | 9.23% | +9.03 |
| MSFT Microsoft Corp. | Add +881.4% | 8.11% | +7.14 |
| GOOGL Alphabet Inc. Class A | New | 6.61% | +6.61 |
| BABA Alibaba Group Holding-SP ADR | New | 6.45% | +6.45 |
| NVDA Nvidia Corp. | Add +74.6% | 13.93% | +5.71 |
| STX Seagate Technology Holdings | New | 5.44% | +5.44 |
| WDC Western Digital Corp. | Add +463.4% | 3.52% | +3.12 |
| DIDIY Didi Global Inc. | New | 2.13% | +2.13 |
| PDD PDD Holdings Inc. | Add +2387.3% | 2.07% | +1.99 |
| FUTU Futu Holdings Ltd.-ADR | Add +64.6% | 2.92% | +1.39 |
| CRWV Coreweave Inc. Class A | New | 0.61% | +0.61 |
| SNDK Sandisk Corp. | New | 0.58% | +0.58 |
| AAPL Apple Inc. | New | 0.54% | +0.54 |
| ZEPP Zepp Health Corp.-ADR | New | 0.43% | +0.43 |
| TCOM Trip.com Group Ltd.-ADR | Add +10.0% | 2.64% | +0.36 |
| LRCX Lam Research Corp. | New | 0.32% | +0.32 |
| CRM Salesforce Inc. | New | 0.23% | +0.23 |
| SNAP Snap Inc. Class A | New | 0.22% | +0.22 |
| CORZ Core Scientific Inc. | New | 0.21% | +0.21 |
| PANW Palo Alto Networks Inc. | New | 0.20% | +0.20 |
| VXX Ipath Series B S&P 500 Vix | Add +396.1% | 0.23% | +0.15 |
| SHOP Shopify Inc. Class A | New | 0.10% | +0.10 |
| AVGO Broadcom Inc. | Add +1.3% | 6.03% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 15 | $3.2B | STX, MU, WDC, LRCX, SNDK |
| Q1 2026 | 29 | $1.4B | MU, LRCX, LITE, TER, BE |
| Q4 2025 | 30 | $2.2B | GOOGL, NVDA, AVGO, MSFT, MU |
| Q3 2025 | 32 | $3.1B | NVDA, BE, MSFT, GOOGL, BABA |
| Q2 2025 | 36 | $2.6B | AMZN, META, SPOT, NVDA, AVGO |
| Q1 2025 | 21 | $1.2B | BABA, PDD, TCOM, FUTU, META |
| Q4 2024 | 45 | $2.2B | META, AMZN, MSFT, TSLA, TCOM |
| Q3 2024 | 35 | $1.8B | META, MSFT, NVDA, PDD, EDU |
| Q2 2024 | 20 | $1.9B | MSFT, NVDA, AMZN, PDD, EDU |
| Q1 2024 | 27 | $2.8B | MSFT, META, NVDA, AMZN, VRT |