Polymer Capital Management (HK) LTD

HONG KONG, K3 · CIK 1970465 · 13F filing filed 2026-08-13

Exempt reporting adviser since 2020 · corporation

Private funds1 (1 hedge) · $13.2bn gross assets
Form ADV · 2026-03-30SEC adviser record

Kindhedge funds, futures
Others nearbyHong Kong

As an employer

Offices in1 country
Private fundshedge 1

$984.8m reported value +38.0% vs Q1 2026

140positions

43.4%in top 10

63 new 40 added 35 reduced 70 sold out vs Q1 2026

Options: 1 call positions ($2.4m notional), 2 put positions ($987.9m 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	SANDISK CORP COM SNDK	SNDK	33,521	$76.2m7.74%	7.74%	Reduced -28.5k	-28,525 -46.0%
2	ELI LILLY & CO COM LLY	LLY	56,607	$67.9m6.89%	6.89%	Added +13.2k	+13,172 30.3%
3	NVIDIA CORPORATION COM NVDA	NVDA	321,441	$64.3m6.53%	6.53%	Reduced -99.7k	-99,679 -23.7%
4	APPLIED MATLS INC COM AMAT	AMAT	61,986	$44.8m4.55%	4.55%	Added +58.6k	+58,630 1747.0%
5	MICRON TECHNOLOGY INC COM MU	MU	29,958	$34.6m3.51%	3.51%	Added +1.7k	+1,685 6.0%
6	PDD HOLDINGS INC SPONSORED ADS PDD	PDD	432,300	$33.0m3.35%	3.35%	Added +18.8k	+18,843 4.6%
7	BLOOM ENERGY CORP COM CL A BE	BE	104,649	$31.7m3.22%	3.22%	Added +84.6k	+84,621 422.5%
8	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	62,849	$30.0m3.05%	3.05%	Reduced -30.9k	-30,857 -32.9%
9	ROUNDHILL ETF TRUST MEMORY ETF DRAM	DRAM	343,498	$25.4m2.58%	2.58%	New
10	ALNYLAM PHARMACEUTICALS INC COM ALNY	ALNY	64,957	$19.6m1.99%	1.99%	Added +7.2k	+7,173 12.4%
11	ADVANCED MICRO DEVICES INC COM AMD	AMD	33,629	$19.5m1.98%	1.98%	Reduced -9.2k	-9,201 -21.5%
12	CREDO TECHNOLOGY GROUP HOLDI ORDINARY SHARES CRDO	CRDO	62,687	$17.0m1.73%	1.73%	New
13	FRONTLINE PLC COM FRO	FRO	486,276	$16.9m1.72%	1.72%	Added +206.3k	+206,271 73.7%
14	SPDR SER TR S&P BIOTECH XBI	XBI	105,300	$16.7m1.69%	1.69%	New
15	WESTERN DIGITAL CORP COM WDC	WDC	24,764	$15.8m1.61%	1.61%	Added +4.6k	+4,573 22.6%
16	IONIS PHARMACEUTICALS INC COM IONS	IONS	177,897	$14.1m1.43%	1.43%	Added +116.7k	+116,697 190.7%
17	INVESCO EXCH TRADED FD TR II KBW BK ETF KBWB	KBWB	151,492	$14.1m1.43%	1.43%	New
18	DUOLINGO INC CL A COM DUOL	DUOL	122,300	$14.1m1.43%	1.43%	New
19	LAM RESEARCH CORP COM NEW LRCX	LRCX	29,776	$12.9m1.31%	1.31%	New
20	IREN LIMITED ORDINARY SHARES IREN	IREN	262,800	$12.0m1.22%	1.22%	Added +10.2k	+10,195 4.0%
21	VIPSHOP HLDGS LTD SPONSORED ADS A VIPS	VIPS	903,300	$12.0m1.22%	1.22%	Reduced -28.7k	-28,700 -3.1%
22	CYTOKINETICS INC COM NEW CYTK	CYTK	138,255	$11.8m1.20%	1.20%	New
23	AMPHENOL CORP CL A APH	APH	64,676	$11.4m1.16%	1.16%	New
24	AMER SPORTS INC COM SHS AS	AS	312,652	$10.6m1.07%	1.07%	Added +63.4k	+63,373 25.4%
25	GILDAN ACTIVEWEAR INC COM GIL	GIL	195,139	$10.1m1.02%	1.02%	Reduced -44.2k	-44,216 -18.5%
26	SELECT SECTOR SPDR TR INDL XLI	XLI	53,900	$10.0m1.01%	1.01%	Added +43.4k	+43,400 413.3%
27	TEXAS INSTRS INC COM TXN	TXN	31,515	$9.4m0.95%	0.95%	New
28	ERASCA INC COM ERAS	ERAS	478,020	$8.8m0.89%	0.89%	Added +120.3k	+120,350 33.6%
29	AMAZON COM INC COM AMZN	AMZN	36,360	$8.7m0.88%	0.88%	Reduced -11.2k	-11,228 -23.6%
30	MODINE MFG CO COM MOD	MOD	32,442	$8.7m0.88%	0.88%	Reduced -4.3k	-4,330 -11.8%
31	BIOGEN INC COM BIIB	BIIB	38,665	$8.4m0.85%	0.85%	New
32	BROADCOM INC COM AVGO	AVGO	22,030	$8.3m0.84%	0.84%	Added +5.3k	+5,319 31.8%
33	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	152,781	$8.2m0.83%	0.83%	Added +83.5k	+83,486 120.5%
34	NETEASE INC SPONSORED ADS NTES	NTES	63,694	$8.2m0.83%	0.83%	New
35	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	47,409	$8.1m0.82%	0.82%	New
36	INTERACTIVE BROKERS GROUP IN COM CL A IBKR	IBKR	91,876	$8.0m0.81%	0.81%	Added +66.5k	+66,490 261.9%
37	ALPHABET INC CAP STK CL C GOOG	GOOG	20,836	$7.4m0.75%	0.75%	Reduced -24.0k	-24,041 -53.6%
38	LUMENTUM HLDGS INC COM LITE	LITE	8,509	$7.3m0.74%	0.74%	Reduced -2.1k	-2,066 -19.5%
39	INTEL CORP COM INTC	INTC	51,594	$7.2m0.73%	0.73%	Added +3.8k	+3,802 8.0%
40	BANK AMERICA CORP COM BAC	BAC	126,344	$7.2m0.73%	0.73%	New
41	EATON CORP PLC SHS ETN	ETN	16,358	$7.0m0.71%	0.71%	Added +7.3k	+7,309 80.8%
42	TAPESTRY INC COM TPR	TPR	41,764	$6.1m0.62%	0.62%	Reduced -27.3k	-27,338 -39.6%
43	ASE TECHNOLOGY HLDG CO LTD SPONSORED ADS ASX	ASX	134,502	$6.1m0.62%	0.62%	Reduced -308.7k	-308,713 -69.7%
44	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	6,266	$6.0m0.61%	0.61%	New
45	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	21,156	$5.3m0.54%	0.54%	Added +8.5k	+8,486 67.0%
46	ALPHABET INC CAP STK CL A GOOGL	GOOGL	14,798	$5.3m0.54%	0.54%	Added +3.2k	+3,169 27.2%
47	ADVANCED ENERGY INDS COM AEIS	AEIS	14,119	$5.3m0.53%	0.53%	New
48	CLOUDFLARE INC CL A COM NET	NET	20,879	$5.1m0.52%	0.52%	Added +13.1k	+13,098 168.3%
49	GLOBAL X FDS GLOBAL X COPPER COPX	COPX	66,000	$5.1m0.52%	0.52%	New
50	NOKIA CORP SPONSORED ADR NOK	NOK	380,741	$5.1m0.51%	0.51%	Added +23.7k	+23,741 6.7%
51	AIRBNB INC COM CL A ABNB	ABNB	35,000	$5.0m0.51%	0.51%	Reduced -2.4k	-2,411 -6.4%
52	LEGEND BIOTECH CORP SPONSORED ADS LEGN	LEGN	165,209	$4.8m0.48%	0.48%	New
53	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	2,362	$4.7m0.48%	0.48%	New
54	CORNING INC COM GLW	GLW	18,172	$4.6m0.47%	0.47%	Reduced -54.6k	-54,582 -75.0%
55	BILIBILI INC SPONS ADS REP Z BILI	BILI	270,000	$4.6m0.47%	0.47%	Added +61.8k	+61,777 29.7%
56	ENTEGRIS INC COM ENTG	ENTG	24,105	$4.3m0.44%	0.44%	New
57	ONTO INNOVATION INC COM ONTO	ONTO	11,400	$4.3m0.44%	0.44%	New
58	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	42,800	$4.3m0.44%	0.44%	New
59	FORMFACTOR INC COM FORM	FORM	25,000	$4.0m0.41%	0.41%	Added +13.1k	+13,100 110.1%
60	CORVUS PHARMACEUTICALS INC COM CRVS	CRVS	263,662	$3.9m0.40%	0.40%	Added +80.5k	+80,475 43.9%
61	UBS GROUP AG SHS UBS	UBS	78,801	$3.9m0.40%	0.40%	New
62	MONOLITHIC PWR SYS INC COM MPWR	MPWR	2,720	$3.8m0.38%	0.38%	Added +510	+510 23.1%
63	HYATT HOTELS CORP COM CL A H	H	18,802	$3.6m0.37%	0.37%	Reduced -1.4k	-1,400 -6.9%
64	SUMMIT THERAPEUTICS INC COM SMMT	SMMT	224,853	$3.3m0.33%	0.33%	Added +91.8k	+91,819 69.0%
65	ON HLDG AG NAMEN AKT A ONON	ONON	92,118	$3.3m0.33%	0.33%	New
66	NEW ORIENTAL ED & TECHNOLOGY SPON ADR EDU	EDU	70,826	$3.3m0.33%	0.33%	Reduced -36.9k	-36,887 -34.2%
67	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	33,300	$3.2m0.32%	0.32%	Reduced -16.5k	-16,483 -33.1%
68	UNITED MICROELECTRONICS CORP SPON ADR NEW UMC	UMC	115,074	$3.1m0.32%	0.32%	New
69	COCA COLA CO COM KO	KO	38,132	$3.1m0.31%	0.31%	New
70	DOORDASH INC CL A DASH	DASH	16,355	$3.0m0.31%	0.31%	New
71	ARROWHEAD PHARMACEUTICALS IN COM ARWR	ARWR	36,800	$3.0m0.30%	0.30%	New
72	UBER TECHNOLOGIES INC COM UBER	UBER	39,400	$2.8m0.29%	0.29%	New
73	INNIO NV ORDINARY SHARES INIO	INIO	70,000	$2.8m0.28%	0.28%	New
74	IMPINJ INC COM PI	PI	18,769	$2.7m0.27%	0.27%	New
75	TWILIO INC CL A TWLO	TWLO	13,000	$2.7m0.27%	0.27%	New
76	SOLARIS ENERGY INFRAS INC COM CL A SEI	SEI	33,225	$2.7m0.27%	0.27%	Added +17.2k	+17,225 107.7%
77	UNIVERSAL TECHNICAL INST INC COM UTI	UTI	60,000	$2.6m0.26%	0.26%	New
78	LINCOLN EDL SVCS CORP COM LINC	LINC	50,000	$2.5m0.25%	0.25%	New
79	ARM HOLDINGS PLC SPONSORED ADS ARM	ARM	7,001	$2.5m0.25%	0.25%	Reduced -8.4k	-8,410 -54.6%
80	DIREXION SHS ETF TR DLY SCOND 3XBU SOXL	SOXL	8,800	$2.3m0.24%	0.24%	New
81	TERADYNE INC COM TER	TER	4,815	$2.3m0.24%	0.24%	Added +2.9k	+2,876 148.3%
82	REGENERON PHARMACEUTICALS COM REGN	REGN	3,704	$2.3m0.23%	0.23%	Added +2.4k	+2,445 194.2%
83	FLEX LTD ORD FLEX	FLEX	13,701	$2.2m0.23%	0.23%	Added +4.2k	+4,224 44.6%
84	VISA INC COM CL A V	V	6,077	$2.1m0.21%	0.21%	Reduced -273	-273 -4.3%
85	DEFINIUM THERAPEUTICS INC COM SHS DFTX	DFTX	44,100	$2.1m0.21%	0.21%	New
86	BHP GROUP LTD SPONSORED ADS BHP	BHP	24,400	$2.0m0.21%	0.21%	New
87	LINDE PLC SHS LIN	LIN	3,876	$2.0m0.20%	0.20%	Added +836	+836 27.5%
88	MOONLAKE IMMUNOTHERAPEUTICS CLASS A ORD MLTX	MLTX	100,463	$2.0m0.20%	0.20%	New
89	HONDA MOTOR LTD ADR ECH CNV IN 3 HMC	HMC	72,000	$2.0m0.20%	0.20%	New
90	DEUTSCHE BANK A G NAMEN AKT DB	DB	56,177	$1.9m0.19%	0.19%	New
91	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,480	$1.9m0.19%	0.19%	Reduced -11.8k	-11,849 -82.7%
92	GRAB HOLDINGS LIMITED CLASS A ORD GRAB	GRAB	452,401	$1.7m0.17%	0.17%	Reduced -622.6k	-622,599 -57.9%
93	UNITED RENTALS INC COM URI	URI	1,492	$1.7m0.17%	0.17%	New
94	MORGAN STANLEY COM NEW MS	MS	8,034	$1.7m0.17%	0.17%	New
95	JD.COM INC SPON ADS CL A JD	JD	63,200	$1.6m0.16%	0.16%	Reduced -181.4k	-181,358 -74.2%
96	SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B SQM	SQM	20,600	$1.5m0.15%	0.15%	New
97	SITIME CORP COM SITM	SITM	2,000	$1.5m0.15%	0.15%	Reduced -5.5k	-5,480 -73.3%
98	CINTAS CORP COM CTAS	CTAS	8,500	$1.4m0.15%	0.15%	Reduced -2.4k	-2,400 -22.0%
99	NURIX THERAPEUTICS INC COM NRIX	NRIX	58,898	$1.4m0.15%	0.15%	Unchanged
100	YUM CHINA HLDGS INC COM YUMC	YUMC	34,150	$1.4m0.14%	0.14%	Added +28.4k	+28,350 488.8%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SPDR GOLD TR GLD	GLD	77,037	$33.1m77.0k shares
SELECT SECTOR SPDR TR XLE	XLE	215,689	$13.2m215.7k shares
PALO ALTO NETWORKS INC PANW	PANW	72,921	$11.7m72.9k shares
FUTU HLDGS LTD FUTU	FUTU	76,838	$10.5m76.8k shares
COHERENT CORP COHR	COHR	30,291	$7.2m30.3k shares
VANECK ETF TRUST GDX	GDX	70,132	$6.4m70.1k shares
TOWER SEMICONDUCTOR LTD TSEM	TSEM	32,826	$5.8m32.8k shares
INVESCO QQQ TR QQQ	QQQ	9,934	$5.7m9.9k shares
TIDAL TRUST II NVDY	NVDY	441,100	$5.7m441.1k shares
SPDR DOW JONES INDL AVERAGE DIA	DIA	11,850	$5.5m11.8k shares
ISHARES TR SOXX	SOXX	13,959	$4.6m14.0k shares
ISHARES TR IVV	IVV	6,400	$4.2m6.4k shares
META PLATFORMS INC META	META	6,714	$3.8m6.7k shares
SELECT SECTOR SPDR TR XLP	XLP	37,500	$3.1m37.5k shares
GDS HLDGS LTD GDS	GDS	76,211	$3.1m76.2k shares
ARRIVENT BIOPHARMA INC AVBP	AVBP	122,276	$2.8m122.3k shares
ISHARES TR IWM	IWM	10,520	$2.6m10.5k shares
VERADERMICS INC MANE	MANE	41,296	$2.6m41.3k shares
DHT HOLDINGS INC DHT	DHT	133,963	$2.4m134.0k shares
SELECT SECTOR SPDR TR XLY	XLY	22,000	$2.4m22.0k shares
UNITEDHEALTH GROUP INC UNH	UNH	8,500	$2.3m8.5k shares
REVOLUTION MEDICINES INC RVMD	RVMD	23,227	$2.3m23.2k shares
SHARKNINJA INC SN	SN	20,046	$2.1m20.0k shares
APPLE INC AAPL	AAPL	8,088	$2.1m8.1k shares
SPOTIFY TECHNOLOGY S A SPOT	SPOT	3,715	$1.8m3.7k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
VANECK ETF TRUST SMH · Put	SMH	Put	844,500	$553.9m844.5k shares	Added
INVESCO QQQ TR QQQ · Put	QQQ	Put	589,300	$434.0m589.3k shares	Added
TEXAS INSTRS INC TXN · Call	TXN	Call	8,200	$2.4m8.2k shares	New