Headwater Capital Co Ltd

Q3 2025 13F-HR Holdings

Location
Hong Kong, F4
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
17
Total value ($000)
$408,762
Net value change ($000)
+120,585 (41.8%)
New positions
8
Sold out positions
4
Turnover %
46.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 2/19/2026 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)
GOOGL 63,363 357.2%
TSM 23,721 37.4%
AMZN 21,957 NEW
BABA 21,448 NEW
LITE 20,339 NEW
MU 20,078 NEW
NVDA 18,658 NEW
TRIP 14,959 NEW
HTHT 9,778 NEW
ATAT 6,766 NEW
Top Reduces (Value $000, Stocks/ETFs)
META -37,090 -50.3%
MSFT -24,871 -100.0%
LULU -12,592 -100.0%
BEKE -8,870 -100.0%
MAR -8,835 -40.4%
GOOS -7,385 -100.0%
YUMC -4,678 -47.7%
PDD -1,106 -5.3%
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