Yong Rong (HK) Asset Management Ltd In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 5, 2026), Yong Rong (HK) Asset Management Ltd reported 8 stock positions worth $218.5 million . Its top holding was Circle Internet (CRCL) at 50.3% of the portfolio, followed by Micron Technology (MU, 20.9% ) and Direxion DLY M SK Bull 3X-Ui (KORU, 9.1% ). Compared with Q4 2025, it opened 2 new positions, sold out of 11, added to 1 and reduced 3. The biggest buy was Circle Internet (CRCL, shares +16% ) and the biggest sale an exit from Alphabet Class C (GOOG).
Location SHEUNG WAN, K3
CIK 0001738071
Portfolio Value $218.5M (Q1 2026) Holdings 8 stocks · $218.5M 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 2025 CRCL Circle Internet Group Inc. 1,153,000 $110.0M Add +16.0% MU Micron Technology Inc. 134,900 $45.6M New KORU Direxion DLY M SK Bull 3X-Ui 70,000 $19.9M New SUPX Superx AI Technology Ltd. 2,139,556 $17.1M Reduce -22.1% SNDK Sandisk Corp. 19,900 $12.6M Reduce -20.4% SUNRISE NEW ENERGY CO LTD 7,000,000 $5.4M No change PDD PDD Holdings Inc. 50,000 $5.1M No change ISPR Ispire Technology Inc. 1,504,056 $2.8M Reduce -0.0%
Options reported separately and not counted above: CIRCLE INTERNET GROUP INC calls ($8.1M), PDD HOLDINGS INC calls ($353K).
Portfolio Sells Q4 2025 → Q1 2026 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 2025 % Of Portfolio Change To Portfolio ▲ GOOG Alphabet Inc. Class C Sold out 0.00% −14.30 BULL Webull Corp. Sold out 0.00% −11.82 ETHA iShares Ethereum Trust ETF Sold out 0.00% −10.01 XPEV Xpeng Inc. - ADR Sold out 0.00% −9.80 SUPX Superx AI Technology Ltd. Reduce -22.1% 7.83% −5.28 SIL Global X Silver Miners ETF Sold out 0.00% −3.05 RBRK Rubrik Inc. Class A Sold out 0.00% −2.33 GDX Vaneck Gold Miners ETF Sold out 0.00% −1.31 XME SS SPDR S&P Metals Mining Sold out 0.00% −0.95 BCI Abrdn Bloomberg All Commodit Sold out 0.00% −0.89 XLE SS Energy Select Sector Sold out 0.00% −0.82 ACMR Acm Research Inc. Class A Sold out 0.00% −0.72 ISPR Ispire Technology Inc. Reduce -0.0% 1.27% −0.01 SNDK Sandisk Corp. Reduce -20.4% 5.79% +3.98
Portfolio Buys Q4 2025 → Q1 2026 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 2025 % Of Portfolio Change To Portfolio ▼ CRCL Circle Internet Group Inc. Add +16.0% 50.34% +26.35 MU Micron Technology Inc. New 20.86% +20.86 KORU Direxion DLY M SK Bull 3X-Ui New 9.10% +9.10
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ CIRCLE INTERNET GROUP INC call Reduce -25.0% 3,000 $8.1M APPLOVIN CORP put Sold out 2,000 $1.1Mbefore exit PDD HOLDINGS INC call New 1,000 $353K ISHARES ETHEREUM TR call Sold out 20,000 $20Kbefore exit ISHARES BITCOIN TRUST ETF call Sold out 10,000 $10Kbefore exit ROBINHOOD MKTS INC call Sold out 4,000 $4Kbefore exit STRATEGY INC call Sold out 3,000 $3Kbefore exit
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