WT Asset Management Ltd

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), WT Asset Management Ltd reported 38 stock positions worth $2.5 billion. Its top holding was Nvidia (NVDA) at 13.7% of the portfolio, followed by Micron Technology (MU, 10.3%) and Lumentum (LITE, 7.3%). Compared with Q3 2025, it opened 16 new positions, sold out of 17, added to 10 and reduced 12. The biggest buy was a new position in Micron Technology (MU) and the biggest sale an exit from Roblox Class A (RBLX).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001780365
Portfolio Value
$2.5B (Q4 2025)
SEC Filing
0001780365-26-000001 ↗ filed Jan 29, 2026

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $983.9M Q1 2024 Q2 2024: $1.0B Q2 2024 Q3 2024: $499.2M Q3 2024 Q4 2024: $898.6M Q4 2024 Q1 2025: $846.8M Q1 2025 Q2 2025: $1.4B Q2 2025 Q3 2025: $2.2B Q3 2025 Q4 2025: $2.5B $2.5B Q4 2025 Q1 2026: $4.8B Q1 2026 Q2 2026: $5.0B Q2 2026

Holdings 38 stocks · $2.5B
NVDA Nvidia Corp. 13.68% 1,837,901 $342.8M Add +2.5%
MU Micron Technology Inc. 10.27% 901,637 $257.3M New
LITE Lumentum Holdings Inc. 7.33% 498,418 $183.7M Reduce -29.8%
RDDT Reddit Inc. Class A 6.58% 716,900 $164.8M Add +77.3%
GOOG Alphabet Inc. Class C 4.54% 362,900 $113.9M Reduce -27.5%
AVGO Broadcom Inc. 3.92% 283,840 $98.2M New
TSM Taiwan Semiconductor-SP ADR 3.89% 320,892 $97.5M Reduce -28.7%
COHR Coherent Corp. 3.63% 492,366 $90.9M Add +162.7%
AS Amer Sports Inc. 3.53% 2,369,845 $88.5M Reduce -32.3%
GLW Corning Inc. 3.43% 982,066 $86.0M Add +882.1%
TSEM Tower Semiconductor Ltd. 3.15% 672,515 $79.0M New
ASML ASML Holding NV-NY Reg SHS 2.97% 69,480 $74.3M New
WDC Western Digital Corp. 2.83% 411,458 $70.9M Reduce -17.6%
MOD Modine Manufacturing Co. 2.76% 518,727 $69.3M New
NIO Nio Inc. - ADR 2.57% 12,611,190 $64.3M Reduce -32.4%
STX Seagate Technology Holdings 2.32% 211,200 $58.2M Add +122.3%
U Unity Software Inc. 2.30% 1,304,647 $57.6M New
VRT Vertiv Holdings Co. Class A 2.26% 349,173 $56.6M Add +3.4%
APP AppLovin Corp. Class A 2.03% 75,400 $50.8M Reduce -63.5%
TER Teradyne Inc. 2.02% 261,986 $50.7M Reduce -14.0%
SNDK Sandisk Corp. 2.00% 210,700 $50.0M Add +426.8%
HOOD Robinhood Markets Inc. Class A 1.93% 428,100 $48.4M Reduce -52.4%
TSLA Tesla Inc. 1.76% 98,000 $44.1M Add +512.5%
NKE Nike Inc. Class B 1.63% 640,350 $40.8M Add +1729.6%
GEV GE Vernova Inc. 1.56% 59,711 $39.0M New
CIEN Ciena Corp. 1.25% 133,700 $31.3M New
CHRW C.H. Robinson Worldwide Inc. 1.11% 172,707 $27.8M New
CRDO Credo Technology Group Holdi 1.00% 174,500 $25.1M Reduce -24.3%
ALAB Astera Labs Inc. 0.61% 92,400 $15.4M New
TPR Tapestry Inc. 0.25% 50,000 $6.4M Reduce -93.8%
LULU Lululemon Athletica Inc. 0.22% 27,000 $5.6M New
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.22% 53,000 $5.6M Add +60.6%
DUOL Duolingo 0.18% 26,000 $4.6M New
AMD Advanced Micro Devices 0.13% 15,000 $3.2M New
BABA Alibaba Group Holding-SP ADR 0.12% 20,000 $2.9M Reduce -92.3%
JOYY Joyy Inc.-ADR 0.03% 10,400 $674K New
RLX RLX Technology Inc.-ADR 0.01% 97,696 $228K New
IQ Iqiyi Inc.-ADR 0.00% 40,891 $79K New
Other holdings (4): bonds, preferreds, convertibles and warrants · $10.9M (not counted above)
SecurityClassShares / PrincipalValueChange
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 9,258,000$9.0MNo change
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal 699,000$862KNo change
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 347,000$539KNo change
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 500,000$516KNo change

Total filed on the 13F, all lines: $2.5B.

Portfolio Sells Q3 2025 → Q4 2025
RBLX Roblox Corp. Class A Sold out 0.00% −7.34
APP AppLovin Corp. Class A Reduce -63.5% 2.03% −4.87
PDD PDD Holdings Inc. Sold out 0.00% −4.64
HOOD Robinhood Markets Inc. Class A Reduce -52.4% 1.93% −4.04
NIO Nio Inc. - ADR Reduce -32.4% 2.57% −4.03
TPR Tapestry Inc. Reduce -93.8% 0.25% −3.97
META Meta Platforms Inc. Class A Sold out 0.00% −2.25
AS Amer Sports Inc. Reduce -32.3% 3.53% −2.11
BABA Alibaba Group Holding-SP ADR Reduce -92.3% 0.12% −2.04
TSM Taiwan Semiconductor-SP ADR Reduce -28.7% 3.89% −1.94
SHOP Shopify Inc. Class A Sold out 0.00% −1.53
BE Bloom Energy Corp. Class A Sold out 0.00% −1.18
GOOG Alphabet Inc. Class C Reduce -27.5% 4.54% −1.11
CVNA Carvana Co. Sold out 0.00% −1.07
ORCL Oracle Corp. Sold out 0.00% −0.76
CRDO Credo Technology Group Holdi Reduce -24.3% 1.00% −0.55
AAOI Applied Optoelectronics Inc. Sold out 0.00% −0.23
VNET Vnet Group Inc.-ADR Sold out 0.00% −0.19
NTES Netease Inc.-ADR Sold out 0.00% −0.17
CELH Celsius Holdings Inc. Sold out 0.00% −0.14
TCOM Trip.com Group Ltd.-ADR Sold out 0.00% −0.13
APH Amphenol Corp. Class A Sold out 0.00% −0.11
BTI British American Tob-SP ADR Sold out 0.00% −0.11
KLAR Klarna Group PLC Sold out 0.00% −0.09
TME Tencent Music Entertainm-ADR Sold out 0.00% −0.05
HSAI Hesai Group Sold out 0.00% −0.03
WDC Western Digital Corp. Reduce -17.6% 2.83% +0.05
TER Teradyne Inc. Reduce -14.0% 2.02% +0.08
LITE Lumentum Holdings Inc. Reduce -29.8% 7.33% +1.97

Portfolio Buys Q3 2025 → Q4 2025
MU Micron Technology Inc. New 10.27% +10.27
AVGO Broadcom Inc. New 3.92% +3.92
TSEM Tower Semiconductor Ltd. New 3.15% +3.15
GLW Corning Inc. Add +882.1% 3.43% +3.05
ASML ASML Holding NV-NY Reg SHS New 2.97% +2.97
MOD Modine Manufacturing Co. New 2.76% +2.76
COHR Coherent Corp. Add +162.7% 3.63% +2.69
U Unity Software Inc. New 2.30% +2.30
RDDT Reddit Inc. Class A Add +77.3% 6.58% +2.26
SNDK Sandisk Corp. Add +426.8% 2.00% +1.79
GEV GE Vernova Inc. New 1.56% +1.56
NKE Nike Inc. Class B Add +1729.6% 1.63% +1.51
TSLA Tesla Inc. Add +512.5% 1.76% +1.43
STX Seagate Technology Holdings Add +122.3% 2.32% +1.28
CIEN Ciena Corp. New 1.25% +1.25
CHRW C.H. Robinson Worldwide Inc. New 1.11% +1.11
ALAB Astera Labs Inc. New 0.61% +0.61
LULU Lululemon Athletica Inc. New 0.22% +0.22
DUOL Duolingo New 0.18% +0.18
AMD Advanced Micro Devices New 0.13% +0.13
EL Estee Lauder Companies Class A Add +60.6% 0.22% +0.09
JOYY Joyy Inc.-ADR New 0.03% +0.03
RLX RLX Technology Inc.-ADR New 0.01% +0.01
IQ Iqiyi Inc.-ADR New 0.00% +0.00
VRT Vertiv Holdings Co. Class A Add +3.4% 2.26% −0.11
NVDA Nvidia Corp. Add +2.5% 13.68% −1.85

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 23$5.0BSNDK, STX, WDC, MU, LITE
Q1 2026 26$4.8BLITE, COHR, SNDK, GLW, MU
Q4 2025 38$2.5BNVDA, MU, LITE, RDDT, GOOG
Q3 2025 39$2.2BNVDA, RBLX, APP, NIO, HOOD
Q2 2025 31$1.4BTSM, NVDA, AVGO, META, AMZN
Q1 2025 26$846.8MTPR, META, AMZN, BABA, AS
Q4 2024 39$898.6MNVDA, AS, TSM, AMZN, META
Q3 2024 29$499.2MTSM, JD, EDU, NVDA, ETN
Q2 2024 24$1.0BEDU, PDD, TSM, MU, AMZN
Q1 2024 28$983.9MEDU, PDD, NVDA, TSM, MSFT