Yong Rong (HK) Asset Management Ltd In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Yong Rong (HK) Asset Management Ltd reported 23 stock positions worth $428.0 million . Its top holding was Futu Holdings Ltd.-ADR (FUTU) at 18.0% of the portfolio, followed by Hims & Hers Health (HIMS, 16.6% ) and Robinhood Markets Class A (HOOD, 10.3% ). Compared with Q4 2024, it opened 16 new positions, sold out of 9, added to 3 and reduced 3. The biggest buy was a new position in Futu Holdings Ltd.-ADR (FUTU) and the biggest sale an exit from Bitdeer Technologies Group-A (BTDR).
Location SHEUNG WAN, K3
CIK 0001738071
Portfolio Value $428.0M (Q1 2025) Holdings 23 stocks · $428.0M 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 2024 FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 754,000 $77.2M New HIMS Hims & Hers Health Inc. 2,400,000 $70.9M Add +41.2% HOOD Robinhood Markets Inc. Class A 1,058,000 $44.0M New ZETA Zeta Global Holdings Corp. Class A 2,857,500 $38.7M New INOD Innodata Inc. 795,200 $28.5M New NVDA Nvidia Corp. 205,100 $22.2M New NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 2,000,000 $20.5M New U Unity Software Inc. 1,000,000 $19.6M New META Meta Platforms Inc. Class A 30,000 $17.3M New LEU Centrus Energy Corp. Class A 255,400 $15.9M Reduce -35.5% API Agora Inc.-ADR 2,865,755 $11.5M Add +17.0% GDX Vaneck Gold Miners ETF 240,000 $11.0M Reduce -56.4% SMH Vaneck Semiconductor ETF 32,000 $6.8M New SUPX Superx AI Technology Ltd. filed as JUNEE LIMITED 750,000 $6.7M New RBRK Rubrik Inc. Class A 106,900 $6.5M New ZS Zscaler Inc. 32,800 $6.5M New SLV iShares Silver Trust 190,200 $5.9M New BABA Alibaba Group Holding-SP ADR 40,000 $5.3M Add +33.3% ISPR Ispire Technology Inc. 1,504,147 $4.1M Reduce -1.0% ACMR Acm Research Inc. Class A 150,000 $3.5M No change IGV iShares Expanded Tech-Softwa 30,000 $2.7M New INTC Intel Corp. 75,000 $1.7M New GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 35,000 $887K New
Options reported separately and not counted above: ISHARES SILVER TR calls ($1.4M), NIKE INC calls ($575K), NVIDIA CORPORATION calls ($5K).
Portfolio Sells Q4 2024 → Q1 2025 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 2024 % Of Portfolio Change To Portfolio ▲ BTDR Bitdeer Technologies Group-A Sold out 0.00% −28.43 AAOI Applied Optoelectronics Inc. Sold out 0.00% −12.09 LEU Centrus Energy Corp. Class A Reduce -35.5% 3.71% −7.82 GDX Vaneck Gold Miners ETF Reduce -56.4% 2.58% −5.58 SERV Serve Robotics Inc. Sold out 0.00% −4.16 ISPR Ispire Technology Inc. Reduce -1.0% 0.96% −2.38 COIN Coinbase Global Inc. Class A Sold out 0.00% −2.17 PDD PDD Holdings Inc. Sold out 0.00% −1.70 NBIS Nebius Group NV Sold out 0.00% −1.21 BILI Bilibili Inc.-Sponsored ADR Sold out 0.00% −1.19 URA Global X Uranium ETF Sold out 0.00% −1.17 XME SS SPDR S&P Metals Mining Sold out 0.00% −0.31
Portfolio Buys Q4 2024 → Q1 2025 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 2024 % Of Portfolio Change To Portfolio ▼ FUTU Futu Holdings Ltd.-ADR New 18.03% +18.03 HOOD Robinhood Markets Inc. Class A New 10.29% +10.29 ZETA Zeta Global Holdings Corp. Class A New 9.05% +9.05 INOD Innodata Inc. New 6.67% +6.67 NVDA Nvidia Corp. New 5.19% +5.19 NU Nu Holdings Ltd./Cayman Isl-A New 4.78% +4.78 U Unity Software Inc. New 4.58% +4.58 META Meta Platforms Inc. Class A New 4.04% +4.04 SMH Vaneck Semiconductor ETF New 1.58% +1.58 SUPX Superx AI Technology Ltd. New 1.57% +1.57 RBRK Rubrik Inc. Class A New 1.52% +1.52 ZS Zscaler Inc. New 1.52% +1.52 SLV iShares Silver Trust New 1.38% +1.38 IGV iShares Expanded Tech-Softwa New 0.62% +0.62 INTC Intel Corp. New 0.40% +0.40 GDS GDS Holdings Ltd. - ADR New 0.21% +0.21 BABA Alibaba Group Holding-SP ADR Add +33.3% 1.24% +0.12 HIMS Hims & Hers Health Inc. Add +41.2% 16.57% −1.41 API Agora Inc.-ADR Add +17.0% 2.69% −1.77
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ ISHARES SILVER TR call Add +100.0% 10,000 $1.4M UNITY SOFTWARE INC call Sold out 10,513 $662Kbefore exit NIKE INC call New 24,195 $575K SPDR GOLD TR call Sold out 2,000 $358Kbefore exit ASML HLDG NV call Sold out 5,760 $276Kbefore exit BROADCOM INC call Sold out 5,000 $125Kbefore exit INTEL CORP call Sold out 20,000 $120Kbefore exit CENTRUS ENERGY CORP call Sold out 7,452 $74Kbefore exit TAIWAN SEMICONDUCTOR MANUFAC call Sold out 7,589 $46Kbefore exit NVIDIA CORPORATION call New 5,000 $5K
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 7 $117.1M TSM, CRCL, PDD, GDX, SUNRISE NEW ENERGY CO LTD Q1 2026 8 $218.5M CRCL, MU, KORU, SUPX, SNDK Q4 2025 17 $328.6M CRCL, GOOG, SUPX, BULL, ETHA Q3 2025 14 $475.8M SUPX, NVDA, ETHA, GOOG, ETHU Q2 2025 17 $414.5M NVDA, FUTU, PDD, HIMS, COIN Q1 2025 23 $428.0M FUTU, HIMS, HOOD, ZETA, INOD Q4 2024 16 $228.6M BTDR, HIMS, AAOI, LEU, GDX Q3 2024 20 $342.1M FUTU, MSTR, COIN, TSLA, META Q2 2024 14 $289.4M PDD, NVDA, META, AAPL, TSM Q1 2024 18 $374.9M NVDA, META, TSLA, IBIT, PDD