UG Investment Advisers Ltd.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 28, 2026), UG Investment Advisers Ltd. reported 8 stock positions worth $384.8 million. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 51.8% of the portfolio, followed by Micron Technology (MU, 23.4%) and Qualcomm (QCOM, 19.5%). Compared with Q3 2025, it opened 1 new position, sold out of 3, added to 2 and reduced 5. The biggest buy was Nvidia (NVDA, shares +17%) and the biggest sale Qualcomm (QCOM, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- SINGAPORE, U0
- CIK
- 0001697814
- Portfolio Value
- $384.8M (Q4 2025)
- SEC Filing
- 0001697814-26-000002 ↗ filed Jan 28, 2026
Holdings Value
Holdings 8 stocks · $384.8M
| BABA Alibaba Group Holding-SP ADR | 51.78% | 1,359,363 | $199.3M | Reduce -12.7% |
| MU Micron Technology Inc. | 23.37% | 315,023 | $89.9M | Reduce -43.7% |
| QCOM Qualcomm Inc. | 19.51% | 438,981 | $75.1M | Reduce -50.6% |
| NVDA Nvidia Corp. | 2.64% | 54,483 | $10.2M | Add +17.1% |
| AVGO Broadcom Inc. | 1.28% | 14,265 | $4.9M | Add +68.8% |
| AMKR Amkor Technology Inc. | 0.73% | 70,989 | $2.8M | Reduce -60.0% |
| VIXY Proshares Vix Short-Term Fut | 0.69% | 103,016 | $2.6M | New |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.00% | 54 | $851 | Reduce -100.0% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $49.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 17,440,000 | $27.2M | No change |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 21,000,000 | $21.1M | No change |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 1,000,000 | $900K | No change |
Total filed on the 13F, all lines: $434.0M.
Portfolio Sells Q3 2025 → Q4 2025
| QCOM Qualcomm Inc. | Reduce -50.6% | 19.51% | −5.85 |
| BEKE Ke Holdings Inc.-ADR | Reduce -100.0% | 0.00% | −4.20 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −2.35 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.76 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.69 |
| AMKR Amkor Technology Inc. | Reduce -60.0% | 0.73% | −0.14 |
| BABA Alibaba Group Holding-SP ADR | Reduce -12.7% | 51.78% | +4.05 |
| MU Micron Technology Inc. | Reduce -43.7% | 23.37% | +7.31 |
Portfolio Buys Q3 2025 → Q4 2025
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 |