Alpine Investment Management Ltd

HONG KONG, K3 · CIK 1964631 · 13F filing filed 2026-08-14

Exempt reporting adviser since 2022 · other (specify)

As an employer

$392.1m reported value +90.5% vs Q1 2026

8positions

100.0%in top 10

2 new 6 added 0 reduced 4 sold out vs Q1 2026

Options: 1 call positions ($19.1m notional), 0 put positions (— notional) – listed below, not included above.

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	FULL TRUCK ALLIANCE CO LTD SPONSORED ADS YMM	YMM	17,210,388	$139.7m35.64%	35.64%	Added +6.2m	+6,160,388 55.8%
2	PDD HOLDINGS INC SPONSORED ADS PDD	PDD	1,661,600	$126.7m32.32%	32.32%	Added +1.6m	+1,567,264 1661.4%
3	LUMENTUM HLDGS INC COM LITE	LITE	48,745	$41.8m10.67%	10.67%	Added +47.8k	+47,795 5031.1%
4	NVIDIA CORPORATION COM NVDA	NVDA	109,600	$21.9m5.59%	5.59%	Added +89.1k	+89,100 434.6%
5	TENCENT MUSIC ENTMT GROUP SPON ADS TME	TME	2,418,198	$20.2m5.15%	5.15%	New
6	LUFAX HOLDING LTD SPONSORED ADR LU	LU	13,939,985	$18.4m4.69%	4.69%	Added +1.5m	+1,535,985 12.4%
7	HELLO GROUP INC ADS MOMO	MOMO	2,466,700	$14.3m3.65%	3.65%	Added +2.2m	+2,233,466 957.6%
8	QIFU TECHNOLOGY INC AMERICAN DEP QFIN	QFIN	567,781	$9.0m2.29%	2.29%	New

Security	Ticker	Shares held before	Value then
ALIBABA GROUP HLDG LTD BABA	BABA	523,270	$65.6m523.3k shares
JOYY INC JOYY	JOYY	65,547	$3.8m65.5k shares
META PLATFORMS INC META	META	6,420	$3.7m6.4k shares
MICRON TECHNOLOGY INC MU	MU	7,700	$2.6m7.7k shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
PDD HOLDINGS INC PDD · Call	PDD	Call	2,500	$19.1m2.5k shares	Reduced