UG Investment Advisers Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 21, 2025), UG Investment Advisers Ltd. reported 9 stock positions worth $466.9 million. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 42.9% of the portfolio, followed by Micron Technology (MU, 21.8%) and Qualcomm (QCOM, 19.8%). Compared with Q1 2025, it sold out of 2, added to 4 and reduced 3. The biggest buy was Alibaba Group Holding-SP ADR (BABA, shares +123%) and the biggest sale Qualcomm (QCOM, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- SINGAPORE, U0
- CIK
- 0001697814
- Portfolio Value
- $466.9M (Q2 2025)
- SEC Filing
- 0001697814-25-000008 ↗ filed Jul 21, 2025
Holdings Value
Holdings 9 stocks · $466.9M
| BABA Alibaba Group Holding-SP ADR | 42.85% | 1,764,091 | $200.1M | Add +123.0% |
| MU Micron Technology Inc. | 21.80% | 825,664 | $101.8M | Add +5.5% |
| QCOM Qualcomm Inc. | 19.76% | 579,387 | $92.3M | Reduce -6.8% |
| AMKR Amkor Technology Inc. | 4.99% | 1,109,481 | $23.3M | Reduce -4.8% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 4.90% | 1,288,991 | $22.9M | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 2.70% | 158,647 | $12.6M | Add +9.8% |
| NVDA Nvidia Corp. | 1.79% | 52,790 | $8.3M | Add +134.9% |
| HPE Hewlett Packard Enterprise | 0.72% | 164,163 | $3.4M | No change |
| AVGO Broadcom Inc. | 0.50% | 8,453 | $2.3M | Reduce -31.0% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $57.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 26,500,000 | $33.9M | New |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 21,000,000 | $22.0M | New |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 1,000,000 | $1.0M | No change |
Total filed on the 13F, all lines: $523.9M.
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
Notes & Other Activity Q1 2025 → Q2 2025
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 26,500,000 | $33.9M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 21,000,000 | $22.0M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 8 | $93.3M | ORCL, BABA, NVDA, SPCX, ROG |
| Q1 2026 | 12 | $109.6M | MU, BABA, QCOM, NVDA, LITE |
| Q4 2025 | 8 | $384.8M | BABA, MU, QCOM, NVDA, AVGO |
| Q3 2025 | 10 | $582.8M | BABA, QCOM, MU, BEKE, VCSH |
| Q2 2025 | 9 | $466.9M | BABA, MU, QCOM, AMKR, BEKE |
| Q1 2025 | 11 | $364.1M | BABA, QCOM, MU, BEKE, AAPL |
| Q4 2024 | 9 | $255.5M | BABA, MU, AAPL, QCOM, BEKE |
| Q3 2024 | 11 | $266.2M | BABA, AAPL, QCOM, MU, TSLA |
| Q2 2024 | 10 | $292.8M | QCOM, MU, AAPL, BABA, TSLA |
| Q1 2024 | 12 | $299.7M | QCOM, HPE, MU, BABA, AAPL |