XY Capital Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), XY Capital Ltd reported 82 stock positions worth $151.9 million. Its top holding was Ke Holdings Inc.-ADR (BEKE) at 15.3% of the portfolio, followed by Zto Express Cayman Inc.-ADR (ZTO, 13.6%) and Beone Medicines Ltd.-ADR (ONC, 10.8%). Compared with Q4 2024, it opened 27 new positions, sold out of 29, added to 30 and reduced 25. The biggest buy was Ke Holdings Inc.-ADR (BEKE, shares +703%) and the biggest sale Sony Group Corp. - SP ADR (SONY, shares −78%).
- Most Recent 13F
- Q2 2026
- Location
- CENTRAL, K3
- CIK
- 0001933132
- Portfolio Value
- $151.9M (Q1 2025)
- SEC Filing
- 0001933132-25-000009 ↗ filed May 12, 2025
Holdings Value
Holdings 82 stocks · $151.9M
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 15.32% | 1,158,227 | $23.3M | Add +702.9% |
| ZTO Zto Express Cayman Inc.-ADR | 13.60% | 1,041,263 | $20.7M | Add +162.4% |
| ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD | 10.83% | 60,415 | $16.4M | Add +145.6% |
| BILI Bilibili Inc.-Sponsored ADR | 7.51% | 597,013 | $11.4M | New |
| ZLAB Zai Lab Ltd.-ADR | 7.27% | 305,397 | $11.0M | New |
| TCOM Trip.com Group Ltd.-ADR | 5.28% | 126,131 | $8.0M | Add +1954.6% |
| BIDU Baidu Inc. - Spon ADR | 3.66% | 60,418 | $5.6M | New |
| NTES Netease Inc.-ADR | 3.60% | 53,120 | $5.5M | New |
| SONY Sony Group Corp. - SP ADR | 3.43% | 204,951 | $5.2M | Reduce -77.7% |
| KC Kingsoft Cloud Holdings-ADR | 3.30% | 348,912 | $5.0M | Add +303.1% |
| TM Toyota Motor Corp. -Spon ADR | 2.26% | 19,467 | $3.4M | Reduce -26.1% |
| MNSO Miniso Group Holding Ltd.-ADR | 2.13% | 174,900 | $3.2M | Reduce -26.4% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 1.70% | 102,008 | $2.6M | New |
| HMC Honda Motor Co. Ltd.-Spons ADR | 1.25% | 69,947 | $1.9M | Add +54.3% |
| AMCR Amcor PLC | 1.21% | 188,886 | $1.8M | Reduce -58.3% |
| HCM Hutchmed China-ADR | 1.12% | 113,136 | $1.7M | Add +142.4% |
| MSFT Microsoft Corp. | 1.10% | 4,451 | $1.7M | Reduce -28.5% |
| GOOG Alphabet Inc. Class C | 0.99% | 9,695 | $1.5M | New |
| TAK Takeda Pharmaceutic-SP ADR | 0.94% | 95,830 | $1.4M | Reduce -41.1% |
| XPEV Xpeng Inc. - ADR | 0.90% | 66,196 | $1.4M | New |
| WDS Woodside Energy Group-ADR | 0.90% | 93,992 | $1.4M | New |
| XLE SS Energy Select Sector | 0.86% | 25,391 | $1.3M | New |
| NVDA Nvidia Corp. | 0.77% | 10,760 | $1.2M | Add +1136.8% |
| XYZ Block Inc. | 0.71% | 19,962 | $1.1M | Add +20.3% |
| AVGO Broadcom Inc. | 0.65% | 5,894 | $987K | New |
| ALV Autoliv Inc. | 0.55% | 9,422 | $833K | Reduce -49.7% |
| AMZN Amazon.com Inc. | 0.51% | 4,101 | $780K | Add +33.8% |
| WB Weibo Corp.-Spon ADR | 0.43% | 68,500 | $649K | New |
| META Meta Platforms Inc. Class A | 0.38% | 1,000 | $576K | Add +43.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.37% | 840 | $557K | Reduce -57.1% |
| WIT Wipro Ltd.-ADR | 0.34% | 170,601 | $522K | New |
| AAPG Ascentage Pharma GR-ADR | 0.34% | 23,505 | $516K | New |
| INFY Infosys Ltd.-SP ADR | 0.32% | 26,857 | $490K | New |
| ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS | 0.31% | 60,000 | $466K | Add +141.9% |
| LI Li Auto Inc. - ADR | 0.29% | 17,551 | $442K | New |
| NIO Nio Inc. - ADR | 0.28% | 112,910 | $430K | Reduce -68.1% |
| MS Morgan Stanley | 0.26% | 3,336 | $389K | Add +176.6% |
| AMAT Applied Materials Inc. | 0.25% | 2,631 | $382K | Add +172.1% |
| TMO Thermo Fisher Scientific Inc. | 0.23% | 703 | $350K | New |
| MESO Mesoblast Ltd.- Spon ADR | 0.23% | 27,755 | $346K | New |
| USB US Bancorp | 0.21% | 7,705 | $325K | Reduce -7.4% |
| CAT Caterpillar Inc. | 0.20% | 911 | $300K | Add +52.3% |
| QCOM Qualcomm Inc. | 0.19% | 1,891 | $290K | Add +138.5% |
| PHG Koninklijke Philips NVR- NY | 0.19% | 11,263 | $286K | Reduce -1.7% |
| TXN Texas Instruments Inc. | 0.19% | 1,581 | $284K | Add +182.8% |
| NXPI NXP Semiconductors NV | 0.17% | 1,394 | $265K | New |
| AXP American Express Co. | 0.17% | 974 | $262K | Add +532.5% |
| RDY Dr. Reddy's Laboratories-ADR | 0.17% | 19,689 | $260K | Reduce -70.7% |
| LLY Eli Lilly & Co. | 0.17% | 311 | $257K | New |
| IMMP Immutep Ltd.-SP ADR | 0.16% | 136,744 | $241K | Reduce -16.9% |
| MRK Merck & Co. Inc. | 0.13% | 2,223 | $200K | Add +1155.9% |
| JPM JPMorgan Chase & Co. | 0.13% | 804 | $197K | Add +52.3% |
| LULU Lululemon Athletica Inc. | 0.13% | 680 | $192K | Add +580.0% |
| AMGN Amgen Inc. | 0.12% | 581 | $181K | Reduce -29.0% |
| ORCL Oracle Corp. | 0.11% | 1,203 | $168K | New |
| MRNA Moderna Inc. | 0.11% | 5,807 | $165K | Add +1996.4% |
| WDAY Workday Inc. Class A | 0.10% | 667 | $156K | Add +20.8% |
| SBUX Starbucks Corp. | 0.10% | 1,556 | $153K | Add +52.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.10% | 3,476 | $145K | Reduce -67.2% |
| NMR Nomura Holdings Inc.-Spon ADR | 0.07% | 17,810 | $110K | New |
| ILMN Illumina Inc. | 0.07% | 1,379 | $109K | Add +205.8% |
| HD Home Depot Inc. | 0.07% | 285 | $104K | Add +470.0% |
| JNJ Johnson & Johnson | 0.07% | 624 | $103K | Add +8.5% |
| ADBE Adobe Inc. | 0.06% | 236 | $91K | Reduce -62.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.06% | 346 | $86K | Add +214.6% |
| NFLX Netflix Inc. | 0.05% | 78 | $73K | Reduce -19.6% |
| BA The Boeing Co. | 0.05% | 406 | $69K | Add +712.0% |
| ON On Semiconductor | 0.04% | 1,600 | $65K | New |
| FISV Fiserv Inc. | 0.04% | 255 | $56K | Reduce -49.4% |
| SNPS Synopsys Inc. | 0.03% | 116 | $50K | New |
| WFC Wells Fargo & Co. | 0.03% | 657 | $47K | Reduce -27.4% |
| MPC Marathon Petroleum Corp. | 0.03% | 302 | $44K | Add +674.4% |
| DHR Danaher Corp. | 0.02% | 170 | $35K | New |
| ABBV Abbvie Inc. | 0.02% | 160 | $34K | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.02% | 76 | $27K | Reduce -77.2% |
| AAPL Apple Inc. | 0.02% | 111 | $25K | Reduce -87.5% |
| AMD Advanced Micro Devices | 0.01% | 185 | $19K | New |
| MA Mastercard Inc. Class A | 0.01% | 29 | $16K | Reduce -85.0% |
| PEP Pepsico Inc. | 0.01% | 79 | $12K | Reduce -96.5% |
| LOW Lowe's Cos Inc. | 0.01% | 44 | $10K | Reduce -93.1% |
| VLO Valero Energy Corp. | 0.00% | 25 | $3K | Reduce -58.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.00% | 8 | $1K | New |
Options reported separately and not counted above: SPY calls ($18.5M), XOM puts ($13.2M), CVX puts ($11.6M), COP puts ($9.1M), BRK.B puts ($6.2M), BRK.B calls ($5.5M), MSFT puts ($5.3M), NVDA puts ($4.4M), AAPL puts ($4.3M), MSFT calls ($4.3M), AAPL calls ($3.9M), MPC puts ($3.6M), and 119 more.
Portfolio Sells Q4 2024 → Q1 2025
| SONY Sony Group Corp. - SP ADR | Reduce -77.7% | 3.43% | −18.28 |
| BHP BHP Group Ltd.-Spon ADR | Sold out | 0.00% | −6.73 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −4.54 |
| MNSO Miniso Group Holding Ltd.-ADR | Reduce -26.4% | 2.13% | −4.20 |
| AMCR Amcor PLC | Reduce -58.3% | 1.21% | −3.54 |
| TM Toyota Motor Corp. -Spon ADR | Reduce -26.1% | 2.26% | −3.45 |
| MSFT Microsoft Corp. | Reduce -28.5% | 1.10% | −1.82 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −1.81 |
| NWS News Corp. Class B | Sold out | 0.00% | −1.64 |
| TAK Takeda Pharmaceutic-SP ADR | Reduce -41.1% | 0.94% | −1.46 |
| NIO Nio Inc. - ADR | Reduce -68.1% | 0.28% | −1.44 |
| ALV Autoliv Inc. | Reduce -49.7% | 0.55% | −1.41 |
| LNWO Light & Wonder Inc. | Sold out | 0.00% | −1.27 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -57.1% | 0.37% | −1.15 |
| RDY Dr. Reddy's Laboratories-ADR | Reduce -70.7% | 0.17% | −1.01 |
| AA Alcoa Corp. | Sold out | 0.00% | −0.83 |
| MFG Mizuho Financial Group-ADR | Sold out | 0.00% | −0.64 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.53 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.47 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.44 |
| BAC Bank of America Corp. | Reduce -67.2% | 0.10% | −0.42 |
| PEP Pepsico Inc. | Reduce -96.5% | 0.01% | −0.37 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.28 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Sold out | 0.00% | −0.27 |
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −0.26 |
| PRU Prudential Financial Inc. | Sold out | 0.00% | −0.26 |
| ADBE Adobe Inc. | Reduce -62.2% | 0.06% | −0.25 |
| IMMP Immutep Ltd.-SP ADR | Reduce -16.9% | 0.16% | −0.24 |
| AAPL Apple Inc. | Reduce -87.5% | 0.02% | −0.23 |
| USB US Bancorp | Reduce -7.4% | 0.21% | −0.23 |
| IMOS Chipmos Technologies Inc.-ADR | Sold out | 0.00% | −0.21 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.21 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.17 |
| LOW Lowe's Cos Inc. | Reduce -93.1% | 0.01% | −0.17 |
| SPG Simon Property Group Inc. | Sold out | 0.00% | −0.15 |
| PHG Koninklijke Philips NVR- NY | Reduce -1.7% | 0.19% | −0.14 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.13 |
| AMGN Amgen Inc. | Reduce -29.0% | 0.12% | −0.12 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -77.2% | 0.02% | −0.11 |
| MA Mastercard Inc. Class A | Reduce -85.0% | 0.01% | −0.10 |
| FISV Fiserv Inc. | Reduce -49.4% | 0.04% | −0.08 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.06 |
| NFLX Netflix Inc. | Reduce -19.6% | 0.05% | −0.05 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.05 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -27.4% | 0.03% | −0.04 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.04 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.04 |
| COP Conocophillips | Sold out | 0.00% | −0.02 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| BEKE Ke Holdings Inc.-ADR | Add +702.9% | 15.32% | +12.36 |
| BILI Bilibili Inc.-Sponsored ADR | New | 7.51% | +7.51 |
| ZLAB Zai Lab Ltd.-ADR | New | 7.27% | +7.27 |
| ONC Beone Medicines Ltd.-ADR | Add +145.6% | 10.83% | +5.76 |
| ZTO Zto Express Cayman Inc.-ADR | Add +162.4% | 13.60% | +4.95 |
| TCOM Trip.com Group Ltd.-ADR | Add +1954.6% | 5.28% | +4.81 |
| BIDU Baidu Inc. - Spon ADR | New | 3.66% | +3.66 |
| NTES Netease Inc.-ADR | New | 3.60% | +3.60 |
| KC Kingsoft Cloud Holdings-ADR | Add +303.1% | 3.30% | +2.29 |
| GDS GDS Holdings Ltd. - ADR | New | 1.70% | +1.70 |
| GOOG Alphabet Inc. Class C | New | 0.99% | +0.99 |
| XPEV Xpeng Inc. - ADR | New | 0.90% | +0.90 |
| WDS Woodside Energy Group-ADR | New | 0.90% | +0.90 |
| XLE SS Energy Select Sector | New | 0.86% | +0.86 |
| AVGO Broadcom Inc. | New | 0.65% | +0.65 |
| NVDA Nvidia Corp. | Add +1136.8% | 0.77% | +0.64 |
| WB Weibo Corp.-Spon ADR | New | 0.43% | +0.43 |
| HCM Hutchmed China-ADR | Add +142.4% | 1.12% | +0.37 |
| WIT Wipro Ltd.-ADR | New | 0.34% | +0.34 |
| AAPG Ascentage Pharma GR-ADR | New | 0.34% | +0.34 |
| INFY Infosys Ltd.-SP ADR | New | 0.32% | +0.32 |
| LI Li Auto Inc. - ADR | New | 0.29% | +0.29 |
| TMO Thermo Fisher Scientific Inc. | New | 0.23% | +0.23 |
| MESO Mesoblast Ltd.- Spon ADR | New | 0.23% | +0.23 |
| NXPI NXP Semiconductors NV | New | 0.17% | +0.17 |
| LLY Eli Lilly & Co. | New | 0.17% | +0.17 |
| AXP American Express Co. | Add +532.5% | 0.17% | +0.12 |
| MRK Merck & Co. Inc. | Add +1155.9% | 0.13% | +0.11 |
| ORCL Oracle Corp. | New | 0.11% | +0.11 |
| MRNA Moderna Inc. | Add +1996.4% | 0.11% | +0.10 |
| MS Morgan Stanley | Add +176.6% | 0.26% | +0.09 |
| LULU Lululemon Athletica Inc. | Add +580.0% | 0.13% | +0.08 |
| ERIC Ericsson (lm) Tel-SP ADR | Add +141.9% | 0.31% | +0.08 |
| AMAT Applied Materials Inc. | Add +172.1% | 0.25% | +0.08 |
| NMR Nomura Holdings Inc.-Spon ADR | New | 0.07% | +0.07 |
| TXN Texas Instruments Inc. | Add +182.8% | 0.19% | +0.07 |
| QCOM Qualcomm Inc. | Add +138.5% | 0.19% | +0.06 |
| HD Home Depot Inc. | Add +470.0% | 0.07% | +0.05 |
| ON On Semiconductor | New | 0.04% | +0.04 |
| BA The Boeing Co. | Add +712.0% | 0.05% | +0.04 |
| SNPS Synopsys Inc. | New | 0.03% | +0.03 |
| IBM Intl Business Machines Corp. | Add +214.6% | 0.06% | +0.03 |
| DHR Danaher Corp. | New | 0.02% | +0.02 |
| MPC Marathon Petroleum Corp. | Add +674.4% | 0.03% | +0.02 |
| ABBV Abbvie Inc. | New | 0.02% | +0.02 |
| AMD Advanced Micro Devices | New | 0.01% | +0.01 |
| ILMN Illumina Inc. | Add +205.8% | 0.07% | +0.00 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.00% | +0.00 |
| SBUX Starbucks Corp. | Add +52.7% | 0.10% | −0.00 |
| JPM JPMorgan Chase & Co. | Add +52.3% | 0.13% | −0.01 |
Options Activity Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 33,000 | $18.5M |
| XOM Exxon Mobil Corp. | put | Add +1210.6% | 111,400 | $13.2M |
| CVX Chevron Corp. | put | Add +815.8% | 69,600 | $11.6M |
| COP Conocophillips | put | Add +1448.2% | 86,700 | $9.1M |
| BRK.B Berkshire Hathaway Inc. Class B | put | Reduce -16.4% | 11,700 | $6.2M |
| BRK.B Berkshire Hathaway Inc. Class B | call | Add +1.0% | 10,300 | $5.5M |
| MSFT Microsoft Corp. | put | Add +2.9% | 14,200 | $5.3M |
| NVDA Nvidia Corp. | put | Add +200.8% | 40,300 | $4.4M |
| AAPL Apple Inc. | put | Add +12.7% | 19,500 | $4.3M |
| MSFT Microsoft Corp. | call | Add +10.6% | 11,500 | $4.3M |
| AAPL Apple Inc. | call | Add +39.7% | 17,600 | $3.9M |
| MPC Marathon Petroleum Corp. | put | Add +1036.4% | 25,000 | $3.6M |
| GOOG Alphabet Inc. Class C | put | New | 19,500 | $3.0M |
| JPM JPMorgan Chase & Co. | put | Reduce -3.4% | 11,300 | $2.8M |
| AVGO Broadcom Inc. | put | Add +136.9% | 15,400 | $2.6M |
| GOOGL Alphabet Inc. Class A | call | Add +72.5% | 15,700 | $2.4M |
| AMZN Amazon.com Inc. | put | Add +14.9% | 12,300 | $2.3M |
| VLO Valero Energy Corp. | put | Add +1358.3% | 17,500 | $2.3M |
| V Visa Inc. Class A | put | Reduce -13.5% | 6,400 | $2.2M |
| NVDA Nvidia Corp. | call | Add +98.1% | 20,600 | $2.2M |
| GOOGL Alphabet Inc. Class A | put | Sold out | 11,700 | $2.2Mbefore exit |
| AMZN Amazon.com Inc. | call | Add +36.1% | 11,300 | $2.1M |
| CVX Chevron Corp. | call | Add +281.8% | 12,600 | $2.1M |
| XOM Exxon Mobil Corp. | call | Add +188.1% | 17,000 | $2.0M |
| JPM JPMorgan Chase & Co. | call | Add +8.1% | 8,000 | $2.0M |
| HON Honeywell International Inc. | put | Add +10.1% | 8,700 | $1.8M |
| TXN Texas Instruments Inc. | put | Add +225.8% | 10,100 | $1.8M |
| CAT Caterpillar Inc. | put | Add +41.0% | 5,500 | $1.8M |
| MA Mastercard Inc. Class A | put | Reduce -21.4% | 3,300 | $1.8M |
| QCOM Qualcomm Inc. | put | Add +165.9% | 11,700 | $1.8M |
| PRU Prudential Financial Inc. | call | Reduce -32.3% | 15,300 | $1.7M |
| MA Mastercard Inc. Class A | call | Add +24.0% | 3,100 | $1.7M |
| PRU Prudential Financial Inc. | put | Reduce -47.4% | 15,100 | $1.7M |
| META Meta Platforms Inc. Class A | put | Add +70.6% | 2,900 | $1.7M |
| HON Honeywell International Inc. | call | Add +30.5% | 7,700 | $1.6M |
| AMAT Applied Materials Inc. | put | Add +226.5% | 11,100 | $1.6M |
| TSM Taiwan Semiconductor-SP ADR | put | New | 9,700 | $1.6M |
| HD Home Depot Inc. | put | Add +230.8% | 4,300 | $1.6M |
| BAC Bank of America Corp. | put | Reduce -25.1% | 37,600 | $1.6M |
| META Meta Platforms Inc. Class A | call | Add +68.8% | 2,700 | $1.6M |
| COST Costco Wholesale Corp. | put | Reduce -15.8% | 1,600 | $1.5M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 2,700 | $1.5M |
| BSX Boston Scientific Corp. | put | New | 14,600 | $1.5M |
| V Visa Inc. Class A | call | Add +13.5% | 4,200 | $1.5M |
| COST Costco Wholesale Corp. | call | Reduce -16.7% | 1,500 | $1.4M |
| AVGO Broadcom Inc. | call | Add +56.0% | 7,800 | $1.3M |
| COP Conocophillips | call | Add +217.9% | 12,400 | $1.3M |
| USB US Bancorp | put | Reduce -11.0% | 30,000 | $1.3M |
| TSLA Tesla Inc. | call | Add +182.3% | 4,800 | $1.2M |
| BSX Boston Scientific Corp. | call | New | 11,900 | $1.2M |
Showing the first 50 of 133.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 44 | $87.0M | HDB, SONY, IMOS, RMD, HMC |
| Q1 2026 | 50 | $91.3M | YUMC, MUFG, BABA, HDB, AMCR |
| Q4 2025 | 87 | $98.4M | BABA, BEKE, LIF, RMD, BIDU |
| Q3 2025 | 67 | $120.1M | BABA, BEKE, YUMC, FXI, AEG |
| Q2 2025 | 38 | $145.1M | LI, BILI, JD, ZLAB, ZTO |
| Q1 2025 | 82 | $151.9M | BEKE, ZTO, ONC, BILI, ZLAB |
| Q4 2024 | 84 | $89.7M | SONY, ZTO, BHP, MNSO, TM |
| Q3 2024 | 39 | $185.5M | BHP, SPY, TCOM, YUMC, BEKE |
| Q2 2024 | 25 | $87.8M | BIDU, BABA, BHP, SPY, SONY |
| Q1 2024 | 33 | $118.3M | TCOM, BHP, YUMC, SPY, HMC |