Headwater Capital Co Ltd

Q4 2025 13F-HR/A Holdings

Location
Hong Kong, F4
Holdings as of
12/31/2025
Date filed
2/19/2026
Form type
13F-HR/A - RESTATEMENT
Num holdings
17
Total value ($000)
$480,875
Net value change ($000)
+72,113 (17.6%)
New positions
3
Sold out positions
3
Turnover %
18.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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 67,012 82.6%
GOOGL 31,300 NEW
TSM 23,478 26.9%
FIG 19,432 NEW
PDD 9,655 48.7%
YELP 4,559 NEW
MU 2,184 10.9%
AMZN 2,048 9.3%
ATAT 1,114 16.5%
Top Reduces (Value $000, Stocks/ETFs)
BABA -19,103 -89.1%
NVDA -18,658 -100.0%
MAR -13,022 -100.0%
META -12,692 -34.6%
TRIP -9,863 -65.9%
LITE -9,281 -45.6%
TCOM -4,453 -16.0%
OPRA -2,064 -100.0%
HTHT -368 -3.8%
YUMC -364 -7.1%
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