In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), WFM ASIA (BVI) Ltd reported 9 stock positions worth $707.6 million . Its top holding was Sea Ltd.-ADR (SE) at 19.9% of the portfolio, followed by Freshworks Class A (FRSH, 19.4% ) and H World Group Ltd.-ADR (HTHT, 18.3% ). Compared with Q4 2023, it opened 1 new position, sold out of 1, added to 2 and reduced 4. The biggest buy was Grab Class A (GRAB, shares +68% ) and the biggest sale Freshworks Class A (FRSH, shares −9% ).
Location HONG KONG, K3
CIK 0001632574
Portfolio Value $707.6M (Q1 2024) Holdings 9 stocks · $707.6M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 SE Sea Ltd.-ADR 2,618,041 $140.6M No change FRSH Freshworks Inc. Class A 7,545,797 $137.4M Reduce -8.8% HTHT H World Group Ltd.-ADR 3,338,988 $129.2M Reduce -28.1% YMM Full Truck Alliance -SPN ADR 17,595,284 $127.9M Add +8.4% GRAB Grab Holdings Ltd. Class A 30,029,615 $94.3M Add +68.3% ZTO Zto Express Cayman Inc.-ADR 2,183,677 $45.7M Reduce -40.5% MOMO Hello Group Inc. -SPN ADR 3,417,873 $21.2M New BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 659,040 $9.0M No change PERF Perfect Corp. 861,584 $2.1M Reduce -27.1%
Other holdings (1): bonds, preferreds, convertibles and warrants · $100K (not counted above) Security Class Shares / Principal Value Change PERFF Perfect Corp. *W EXP 10/28/202 1,250,000 $100K No change
Total filed on the 13F, all lines: $707.7M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ FRSH Freshworks Inc. Class A Reduce -8.8% 19.42% −7.01 ZTO Zto Express Cayman Inc.-ADR Reduce -40.5% 6.46% −4.15 HTHT H World Group Ltd.-ADR Reduce -28.1% 18.26% −2.87 TDCX TDCX Inc. Sold out 0.00% −1.80 PERF Perfect Corp. Reduce -27.1% 0.30% −0.20
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ GRAB Grab Holdings Ltd. Class A Add +68.3% 13.33% +5.15 MOMO Hello Group Inc. -SPN ADR New 3.00% +3.00 YMM Full Truck Alliance -SPN ADR Add +8.4% 18.08% +2.60
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 5 $662.8M GRAB, SE, ACMR, YMM, ATAT Q1 2026 6 $632.1M GRAB, SE, ATAT, YMM, GDS Q4 2025 6 $805.2M SE, GRAB, YMM, ATAT, BZ Q3 2025 8 $901.6M YMM, GRAB, SE, BZ, ATAT Q2 2025 7 $929.3M SE, YMM, GRAB, BZ, HTHT Q1 2025 7 $896.1M SE, YMM, BZ, GRAB, HTHT Q4 2024 7 $921.3M YMM, SE, GRAB, HTHT, FRSH Q3 2024 6 $905.4M HTHT, SE, YMM, GRAB, FRSH Q2 2024 7 $742.1M SE, YMM, HTHT, FRSH, GRAB Q1 2024 9 $707.6M SE, FRSH, HTHT, YMM, GRAB