HCEP Management Ltd

Q3 2025 13F-HR Holdings

Location
Hong Kong, K3
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
10
Total value ($000)
$176,118
Net value change ($000)
+51,699 (41.6%)
New positions
3
Sold out positions
2
Turnover %
13.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BABA 34,497 53.9%
SNPS 13,953 NEW
BIDU 5,570 NEW
MNSO 4,697 26.4%
QFIN 2,518 33.1%
LX 2,331 34.3%
SY 1,899 NEW
API 358 17.7%
Top Reduces (Value $000, Stocks/ETFs)
TCOM -6,438 -86.6%
TAL -4,599 -29.3%
PROSHARES TR II -2,462 -100.0%
VNET -626 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type