Q2 2026 13F · SEC CIK 1665751
Brilliance Asset Management Ltd
Hedge fundFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $339.3M
- Reported positions
- 11
- Top holdings a year, 3 yrs
- +13.0%
- Assets under management
- $851.2M
Brilliance Asset Management Ltd is a hedge fund that reported 11 positions worth $339.3M in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Pdd Holdings Inc (PDD, 35.1%), Full Truck ADR (YMM, 24.2%), Kanzhun Limited (BZ, 19.0%). A portfolio copying its top holdings returned 13.0% a year over the last 3 years, against 20.4% for the S&P 500.
Brilliance Asset Management Ltd holdings all 11 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 |
|---|---|---|---|
| PDDPdd Holdings Inc | 35.1% | +121.8% | $119.2M |
| YMMFull Truck ADR | 24.2% | +55.3% | $82.2M |
| BZKanzhun Limited | 19.0% | +0.6% | $64.5M |
| METAMeta Platforms Inc | 6.8% | — | $23.2M |
| TXNTexas Instrs Inc | 3.7% | -24.8% | $12.7M |
| AMZNAmazon Com Inc | 2.9% | -37.5% | $9.7M |
| TSMTaiwan Semiconductor Manufac | 2.5% | +121.9% | $8.5M |
| LXLexinfintech Hldgs Ltd | 2.2% | +0.0% | $7.5M |
| NVDANvidia Corporation | 1.2% | -51.8% | $4.1M |
| KSPIKaspi Kz Jsc | 1.2% | — | $4.1M |
| TCOMTrip Com Group Ltd | 1.1% | +6.0% | $3.8M |
What Brilliance Asset Management Ltd bought and sold in Q2 2026, against Q1 2026.
New positions
- META Meta Platforms Inc6.8% of 13F
- KSPI Kaspi Kz Jsc1.2% of 13F
Added to
- TSM Taiwan Semiconductor Manufac+121.9% shares
- PDD Pdd Holdings Inc+121.8% shares
- YMM Full Truck ADR+55.3% shares
- TCOM Trip Com Group Ltd+6.0% shares
Reduced
- NVDA Nvidia Corporation-51.8% shares
- AMZN Amazon Com Inc-37.5% shares
- TXN Texas Instrs Inc-24.8% shares
Sold out
- ONTO Onto Innovation Incwas 11.7%
- AS Amer Sports Incwas 9.7%
- GOOG Alphabet Incwas 5.5%
- FUTU Futu Holdings Ltdwas 1.7%
- ZTO Zto Express Cayman Incwas 0.8%
- U Unity Software Inc Comwas 0.5%
- BABA Alibaba Group Hldg Ltdwas 0.1%
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
- +12.4% /yr
- S&P 500 +20.1%
- 3 years
- +13.0% /yr
- S&P 500 +20.4%
- 5 years
- +0.1% /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 | $339.3M | 11 |
| Q1 2026 | $339.1M | 16 |
| Q4 2025 | $254.8M | 6 |
| Q3 2025 | $187.5M | 7 |
| Q2 2025 | $153.6M | 7 |
| Q1 2025 | $302.5M | 9 |
| Q4 2024 | $443.9M | 7 |
| Q3 2024 | $390.7M | 9 |
| Q2 2024 | $398.1M | 15 |
| Q1 2024 | $453.1M | 10 |
| Q4 2023 | $461.9M | 6 |
| Q3 2023 | $396.4M | 8 |
Questions about Brilliance Asset Management Ltd's portfolio
What stocks does Brilliance Asset Management Ltd own?
Brilliance Asset Management Ltd's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 11 positions worth $339.3M. The largest are Pdd Holdings Inc (PDD) at 35.1%, Full Truck ADR (YMM) at 24.2%, Kanzhun Limited (BZ) at 19.0%, Meta Platforms Inc (META) at 6.8% and Texas Instrs Inc (TXN) at 3.7%.
What did Brilliance Asset Management Ltd buy last quarter?
In Q2 2026, Brilliance Asset Management Ltd added a new position in Meta Platforms Inc (META), a new position in Kaspi Kz Jsc (KSPI), Taiwan Semiconductor Manufac (TSM) (+121.9% shares), Pdd Holdings Inc (PDD) (+121.8% shares) and Full Truck ADR (YMM) (+55.3% shares), compared with its Q1 2026 filing.
What did Brilliance Asset Management Ltd sell last quarter?
In Q2 2026, Brilliance Asset Management Ltd sold all of Onto Innovation Inc (ONTO), sold all of Amer Sports Inc (AS), sold all of Alphabet Inc (GOOG), sold all of Futu Holdings Ltd (FUTU), sold all of Zto Express Cayman Inc (ZTO), Nvidia Corporation (NVDA) (-51.8% shares), Amazon Com Inc (AMZN) (-37.5% shares) and Texas Instrs Inc (TXN) (-24.8% shares), compared with its Q1 2026 filing.
How has Brilliance Asset Management Ltd's portfolio performed?
A portfolio copying Brilliance Asset Management Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +13.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +12.4% against +20.1%. Over 5 years: +0.1% a year against +11.6%.
When is Brilliance Asset Management Ltd's next 13F filing due?
13F filings are due 45 days after each quarter ends. Brilliance Asset Management 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.
How much money does Brilliance Asset Management Ltd manage?
Brilliance Asset Management Ltd reported $851.2M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $339.3M.