Aspex Management (HK) Ltd

CENTRAL, K3 · CIK 1768375 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$8.9bn reported value +28.6% vs Q1 2026

25positions

80.3%in top 10

4 new 6 added 5 reduced 7 sold out vs Q1 2026

Options: 2 call positions ($18.3m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SYNOPSYS INC COM SNPS	SNPS	3,112,646	$1.4bn15.65%	15.65%	Added +442.1k	+442,114 16.6%
2	QUALCOMM INC COM QCOM	QCOM	6,360,236	$1.2bn13.25%	13.25%	New
3	MKS INC. COM MKSI	MKSI	1,820,441	$809.7m9.13%	9.13%	Added +281.7k	+281,652 18.3%
4	COREWEAVE INC COM CL A CRWV	CRWV	7,960,201	$792.4m8.93%	8.93%	Added +862.7k	+862,674 12.2%
5	CARVANA CO CL A CVNA	CVNA	10,891,999	$716.9m8.08%	8.08%	Added +1.8m	+1,796,549 19.8%
6	COUPANG INC CL A CPNG	CPNG	38,028,965	$660.6m7.44%	7.44%	Added +22.0m	+21,991,120 137.1%
7	SEA LTD SPONSORD ADS SE	SE	4,870,097	$466.7m5.26%	5.26%	Unchanged
8	FUTU HLDGS LTD SPON ADS CL A FUTU	FUTU	4,572,746	$428.6m4.83%	4.83%	Unchanged
9	CORNING INC COM GLW	GLW	1,477,410	$377.4m4.25%	4.25%	Reduced -1.1m	-1,067,324 -41.9%
10	TERADYNE INC COM TER	TER	631,941	$305.8m3.45%	3.45%	Added +125.9k	+125,871 24.9%
11	AMER SPORTS INC COM SHS AS	AS	8,268,605	$279.8m3.15%	3.15%	Unchanged
12	INNIO NV ORDINARY SHARES INIO	INIO	6,851,716	$271.0m3.05%	3.05%	New
13	NU HLDGS LTD ORD SHS CL A NU	NU	16,289,511	$217.6m2.45%	2.45%	New
14	NEW ORIENTAL ED & TECHNOLOGY SPON ADR EDU	EDU	4,523,574	$207.7m2.34%	2.34%	Reduced -9.1k	-9,091 -0.2%
15	GRAB HOLDINGS LIMITED CLASS A ORD GRAB	GRAB	54,334,024	$204.8m2.31%	2.31%	Reduced -5.0m	-4,970,000 -8.4%
16	FORD MTR CO COM F	F	11,888,605	$165.3m1.86%	1.86%	New
17	QIFU TECHNOLOGY INC AMERICAN DEP QFIN	QFIN	6,422,510	$101.5m1.14%	1.14%	Unchanged
18	TRIP COM GROUP LTD ADS TCOM	TCOM	2,329,290	$92.8m1.05%	1.05%	Unchanged
19	LUMENTUM HLDGS INC COM LITE	LITE	87,237	$74.9m0.84%	0.84%	Reduced -116.7k	-116,705 -57.2%
20	NIO INC SPON ADS NIO	NIO	13,141,609	$66.5m0.75%	0.75%	Unchanged
21	PONY AI INC SPONSORED ADS PONY	PONY	4,140,447	$28.8m0.32%	0.32%	Unchanged
22	NETEASE INC SPONSORED ADS NTES	NTES	147,655	$18.9m0.21%	0.21%	Unchanged
23	RLX TECHNOLOGY INC SPONSORED ADS RLX	RLX	7,901,172	$15.0m0.17%	0.17%	Unchanged
24	LANVIN GROUP HOLDINGS LIMITE SHS LANV	LANV	4,491,686	$6.6m0.07%	0.07%	Reduced -8.3k	-8,314 -0.2%
25	PRENETICS GLOBAL LTD *W EXP 05/18/202 PRENW	PRENW	1,166,666	$15.0k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
NVIDIA CORPORATION NVDA	NVDA	5,174,466	$902.4m5.2m shares
FULL TRUCK ALLIANCE CO LTD YMM	YMM	21,791,354	$180.9m21.8m shares
ATOUR LIFESTYLE HLDGS LTD ATAT	ATAT	3,552,677	$130.8m3.6m shares
H WORLD GROUP LTD HTHT 3 05.01.26	HTHT 3 05.01.26	50,000,000	$67.4m50.0m shares
PRENETICS GLOBAL LTD PRE	PRE	346,150	$6.7m346.1k shares
VICARIOUS SURGICAL INC RBOT	RBOT	86,666	$62.0k86.7k shares
LANVIN GROUP HOLDINGS LIMITE LANWF	LANWF	1,000,000	$11.0k1.0m shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
QUALCOMM INC QCOM · Call	QCOM	Call	1,600,000	$18.0m1.6m shares	New
GRAB HOLDINGS LIMITED GRAB · Call	GRAB	Call	29,482,900	$305.0k29.5m shares	Unchanged