Q2 2026 13F · SEC CIK 1768375
Aspex Management (HK) Ltd
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $8.9B
- Reported positions
- 25
- Top holdings a year, 3 yrs
- +18.8%
- Average holding period
- 1.2 yrs
Aspex Management (HK) Ltd is a hedge fund that reported 25 positions worth $8.9B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Synopsys Inc (SNPS, 15.6%), Qualcomm Inc (QCOM, 13.2%), Mks Inc. (MKSI, 9.1%). A portfolio copying its top holdings returned 18.8% a year over the last 3 years, against 20.4% for the S&P 500.
Aspex Management (HK) Ltd holdings all 25 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| SNPSSynopsys Inc | 15.6% | +16.6% | $1.4B |
| QCOMQualcomm Inc | 13.2% | — | $1.2B |
| MKSIMks Inc. | 9.1% | +18.3% | $809.7M |
| CRWVCoreweave Inc | 8.9% | +12.2% | $792.4M |
| CVNACarvana Co | 8.1% | +498.8% | $716.9M |
| CPNGCoupang Inc | 7.4% | +137.1% | $660.6M |
| SESea Ltd | 5.3% | +0.0% | $466.7M |
| FUTUFutu Holdings Ltd | 4.8% | +0.0% | $428.6M |
| GLWCorning Inc | 4.3% | -41.9% | $377.4M |
| TERTeradyne Inc | 3.4% | +24.9% | $305.8M |
| ASAmer Sports Inc | 3.2% | +0.0% | $279.8M |
| INIOInnio NV | 3.1% | — | $271.0M |
| NUNu Hldgs Ltd | 2.5% | — | $217.6M |
| EDUNew Oriental Education & Technology Grou | 2.3% | -0.2% | $207.7M |
| GRABGrab Holdings Limited | 2.3% | -8.4% | $204.8M |
| FFord Mtr Co | 1.9% | — | $165.3M |
| QFINQfin Holdings Inc | 1.1% | +0.0% | $101.5M |
| TCOMTrip Com Group Ltd | 1.0% | +0.0% | $92.8M |
| LITELumentum Hldgs Inc | 0.8% | -57.2% | $74.9M |
| NIONio Inc | 0.7% | +0.0% | $66.5M |
| PONYPony Ai Inc | 0.3% | +0.0% | $28.8M |
| NTESNetease Inc Sp ADR | 0.2% | +0.0% | $18.9M |
| RLXRlx Technology Inc | 0.2% | +0.0% | $15.0M |
| LANVLanvin Group Holdings Limited | 0.1% | -0.2% | $6.6M |
| G72245114Prenetics Global Ltd Cl A | 0.0% | +0.0% | $15K |
What Aspex Management (HK) Ltd bought and sold in Q2 2026, against Q1 2026.
New positions
- QCOM Qualcomm Inc13.2% of 13F
- INIO Innio NV3.1% of 13F
- NU Nu Hldgs Ltd2.5% of 13F
- F Ford Mtr Co1.9% of 13F
Added to
- CVNA Carvana Co+498.8% shares
- CPNG Coupang Inc+137.1% shares
- TER Teradyne Inc+24.9% shares
- MKSI Mks Inc.+18.3% shares
- SNPS Synopsys Inc+16.6% shares
- CRWV Coreweave Inc+12.2% shares
Reduced
- LITE Lumentum Hldgs Inc-57.2% shares
- GLW Corning Inc-41.9% shares
- GRAB Grab Holdings Limited-8.4% shares
Sold out
- NVDA Nvidia Corporationwas 13.1%
- YMM Full Truck ADRwas 2.6%
- ATAT Atour Lifestyle Hldgs Ltdwas 1.9%
- H World Group Ltdwas 1.0%
- PRE Prenetics Global Ltdwas 0.1%
- Vicarious Surgical Inc.was 0.0%
- Lanvin Group Holdings Limitewas 0.0%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- -9.9% /yr
- S&P 500 +20.1%
- 3 years
- +18.8% /yr
- S&P 500 +20.4%
- 5 years
- +2.1% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $8.9B | 25 |
| Q1 2026 | $6.9B | 28 |
| Q4 2025 | $4.9B | 23 |
| Q3 2025 | $4.7B | 25 |
| Q2 2025 | $4.6B | 25 |
| Q1 2025 | $3.9B | 29 |
| Q4 2024 | $3.7B | 32 |
| Q3 2024 | $3.8B | 30 |
| Q2 2024 | $4.7B | 37 |
| Q1 2024 | $3.7B | 33 |
| Q4 2023 | $3.4B | 34 |
| Q3 2023 | $3.2B | 30 |
Questions about Aspex Management (HK) Ltd's portfolio
What stocks does Aspex Management (HK) Ltd own?
Aspex Management (HK) Ltd's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 25 positions worth $8.9B. The largest are Synopsys Inc (SNPS) at 15.6%, Qualcomm Inc (QCOM) at 13.2%, Mks Inc. (MKSI) at 9.1%, Coreweave Inc (CRWV) at 8.9% and Carvana Co (CVNA) at 8.1%.
What did Aspex Management (HK) Ltd buy last quarter?
In Q2 2026, Aspex Management (HK) Ltd added a new position in Qualcomm Inc (QCOM), a new position in Innio NV (INIO), a new position in Nu Hldgs Ltd (NU), a new position in Ford Mtr Co (F), Carvana Co (CVNA) (+498.8% shares), Coupang Inc (CPNG) (+137.1% shares) and Teradyne Inc (TER) (+24.9% shares), compared with its Q1 2026 filing.
What did Aspex Management (HK) Ltd sell last quarter?
In Q2 2026, Aspex Management (HK) Ltd sold all of Nvidia Corporation (NVDA), sold all of Full Truck ADR (YMM), sold all of Atour Lifestyle Hldgs Ltd (ATAT), sold all of H World Group Ltd, sold all of Prenetics Global Ltd (PRE), Lumentum Hldgs Inc (LITE) (-57.2% shares), Corning Inc (GLW) (-41.9% shares) and Grab Holdings Limited (GRAB) (-8.4% shares), compared with its Q1 2026 filing.
How has Aspex Management (HK) Ltd's portfolio performed?
A portfolio copying Aspex Management (HK) Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.8% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: -9.9% against +20.1%. Over 5 years: +2.1% a year against +11.6%.
When is Aspex Management (HK) Ltd's next 13F filing due?
13F filings are due 45 days after each quarter ends. Aspex Management (HK) Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.