WT Asset Management Ltd

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 7, 2026), WT Asset Management Ltd reported 26 stock positions worth $4.8 billion. Its top holding was Lumentum (LITE) at 20.4% of the portfolio, followed by Coherent (COHR, 13.4%) and Sandisk (SNDK, 11.1%). Compared with Q4 2025, it opened 7 new positions, sold out of 19, added to 12 and reduced 7. The biggest buy was Lumentum (LITE, shares +177%) and the biggest sale Nvidia (NVDA, shares −62%).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0001780365
Portfolio Value
$4.8B (Q1 2026)
SEC Filing
0001780365-26-000003 ↗ filed May 7, 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 Q4 2025 Q1 2026: $4.8B $4.8B Q1 2026 Q2 2026: $5.0B Q2 2026

Holdings 26 stocks · $4.8B
LITE Lumentum Holdings Inc. 20.37% 1,380,144 $969.9M Add +176.9%
COHR Coherent Corp. 13.39% 2,676,129 $637.5M Add +443.5%
SNDK Sandisk Corp. 11.06% 828,778 $526.6M Add +293.4%
GLW Corning Inc. 5.65% 1,978,013 $269.0M Add +101.4%
MU Micron Technology Inc. 5.56% 783,686 $264.8M Reduce -13.1%
TSEM Tower Semiconductor Ltd. 5.41% 1,467,302 $257.5M Add +118.2%
MOD Modine Manufacturing Co. 5.29% 1,163,000 $252.0M Add +124.2%
WDC Western Digital Corp. 4.64% 816,707 $220.9M Add +98.5%
STX Seagate Technology Holdings 4.03% 489,785 $191.9M Add +131.9%
AMZN Amazon.com Inc. 3.52% 805,900 $167.8M New
TER Teradyne Inc. 3.44% 553,216 $164.0M Add +111.2%
KEYS Keysight Technologies Inc. 3.42% 577,247 $163.0M New
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 3.39% 122,297 $161.5M Add +76.0%
NVDA Nvidia Corp. 2.54% 693,800 $121.0M Reduce -62.3%
AXTI Axt Inc. 1.61% 1,347,119 $76.8M New
NOK Nokia Corp.-Spon ADR 1.45% 8,615,862 $69.3M New
AS Amer Sports Inc. 1.33% 1,928,729 $63.5M Reduce -18.6%
U Unity Software Inc. 0.99% 2,151,000 $47.2M Add +64.9%
GDX Vaneck Gold Miners ETF 0.98% 506,821 $46.5M New
APP AppLovin Corp. Class A 0.68% 81,200 $32.3M Add +7.7%
RDDT Reddit Inc. Class A 0.60% 213,300 $28.7M Reduce -70.3%
TCOM Trip.com Group Ltd.-ADR 0.32% 310,767 $15.5M New
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 0.13% 150,000 $6.0M New
HOOD Robinhood Markets Inc. Class A 0.12% 80,000 $5.5M Reduce -81.3%
NIO Nio Inc. - ADR 0.04% 300,000 $1.8M Reduce -97.6%
VRT Vertiv Holdings Co. Class A 0.03% 5,000 $1.3M Reduce -98.6%
Other holdings (6): bonds, preferreds, convertibles and warrants · $11.4M (not counted above)
SecurityClassShares / PrincipalValueChange
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 9,258,000$9.1MNo change
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal 699,000$718KNo change
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 347,000$473KNo change
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 500,000$467KNo change
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D 10,000$450KNew
QFIN HOLDINGS INC NOTE 0.500% 4/0 · principal 250,000$212KNew

Total filed on the 13F, all lines: $4.8B.

Portfolio Sells Q4 2025 → Q1 2026
NVDA Nvidia Corp. Reduce -62.3% 2.54% −11.14
RDDT Reddit Inc. Class A Reduce -70.3% 0.60% −5.97
MU Micron Technology Inc. Reduce -13.1% 5.56% −4.71
GOOG Alphabet Inc. Class C Sold out 0.00% −4.54
AVGO Broadcom Inc. Sold out 0.00% −3.92
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −3.89
NIO Nio Inc. - ADR Reduce -97.6% 0.04% −2.53
VRT Vertiv Holdings Co. Class A Reduce -98.6% 0.03% −2.23
AS Amer Sports Inc. Reduce -18.6% 1.33% −2.20
HOOD Robinhood Markets Inc. Class A Reduce -81.3% 0.12% −1.82
TSLA Tesla Inc. Sold out 0.00% −1.76
NKE Nike Inc. Class B Sold out 0.00% −1.63
GEV GE Vernova Inc. Sold out 0.00% −1.56
CIEN Ciena Corp. Sold out 0.00% −1.25
CHRW C.H. Robinson Worldwide Inc. Sold out 0.00% −1.11
CRDO Credo Technology Group Holdi Sold out 0.00% −1.00
ALAB Astera Labs Inc. Sold out 0.00% −0.61
TPR Tapestry Inc. Sold out 0.00% −0.25
LULU Lululemon Athletica Inc. Sold out 0.00% −0.22
EL Estee Lauder Companies Class A Sold out 0.00% −0.22
DUOL Duolingo Sold out 0.00% −0.18
AMD Advanced Micro Devices Sold out 0.00% −0.13
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.12
JOYY Joyy Inc.-ADR Sold out 0.00% −0.03
RLX RLX Technology Inc.-ADR Sold out 0.00% −0.01
IQ Iqiyi Inc.-ADR Sold out 0.00% −0.00

Portfolio Buys Q4 2025 → Q1 2026
LITE Lumentum Holdings Inc. Add +176.9% 20.37% +13.04
COHR Coherent Corp. Add +443.5% 13.39% +9.76
SNDK Sandisk Corp. Add +293.4% 11.06% +9.06
AMZN Amazon.com Inc. New 3.52% +3.52
KEYS Keysight Technologies Inc. New 3.42% +3.42
MOD Modine Manufacturing Co. Add +124.2% 5.29% +2.53
TSEM Tower Semiconductor Ltd. Add +118.2% 5.41% +2.26
GLW Corning Inc. Add +101.4% 5.65% +2.22
WDC Western Digital Corp. Add +98.5% 4.64% +1.81
STX Seagate Technology Holdings Add +131.9% 4.03% +1.71
AXTI Axt Inc. New 1.61% +1.61
NOK Nokia Corp.-Spon ADR New 1.45% +1.45
TER Teradyne Inc. Add +111.2% 3.44% +1.42
GDX Vaneck Gold Miners ETF New 0.98% +0.98
ASML ASML Holding NV-NY Reg SHS Add +76.0% 3.39% +0.43
TCOM Trip.com Group Ltd.-ADR New 0.32% +0.32
GDS GDS Holdings Ltd. - ADR New 0.13% +0.13
U Unity Software Inc. Add +64.9% 0.99% −1.31
APP AppLovin Corp. Class A Add +7.7% 0.68% −1.35

Notes & Other Activity Q4 2025 → Q1 2026
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D New 10,000 $450K
QFIN HOLDINGS INC NOTE 0.500% 4/0 · principal New 250,000 $212K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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