Aspex Management (HK) Ltd 13F: Quarter-over-Quarter Portfolio Changes
Aspex Management (HK) Ltd reported a disclosed portfolio value of approximately $8.9 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 28.6% quarter on quarter. Over the quarter, the fund initiated 4 new positions, bought more shares in 6 holdings, trimmed 5 holdings, and exited 7 positions.
Aspex Management (HK) Ltd's top buy was a new stake in Qualcomm INC (QCOM) , equal to 13.2% of the disclosed portfolio. Its top sell was Nvidia Corporation (NVDA) . The fund exited the position completely after it had accounted for 13.1% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| QUALCOMM INC | QCOM | 13.2% | History → |
| INNIO NV | INIO | 3.1% | Holders → |
| NU HLDGS LTD | NU | 2.5% | Holders → |
| FORD MTR CO | F | 1.9% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| CARVANA CO | CVNA | +-0.2% | +498.8% | History → |
| COUPANG INC | CPNG | +3.1% | +137.1% | History → |
| TERADYNE INC | TER | +1.3% | +24.9% | History → |
| MKS INC. | MKSI | +4.0% | +18.3% | History → |
| SYNOPSYS INC | SNPS | +0.3% | +16.6% | History → |
| COREWEAVE INC | CRWV | +1.0% | +12.2% | History → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| LUMENTUM HLDGS INC | LITE | -1.2% | 57.2% | Holders → |
| CORNING INC | GLW | -0.8% | 41.9% | History → |
| GRAB HOLDINGS LIMITED | GRAB | -0.8% | 8.4% | Holders → |
| NEW ORIENTAL ED & TECHNOLOGY | EDU | -1.4% | 0.2% | Holders → |
| LANVIN GROUP HOLDINGS LIMITE | LANV | -0.0% | 0.2% | Holders → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| NVIDIA CORPORATION | NVDA | 13.1% |
| FULL TRUCK ALLIANCE CO LTD | YMM | 2.6% |
| ATOUR LIFESTYLE HLDGS LTD | ATAT | 1.9% |
| H WORLD GROUP LTD | HTHT 3 05/01/26 | 1.0% |
| PRENETICS GLOBAL LTD | PRE | 0.1% |
| VICARIOUS SURGICAL INC | RBOT | 0.0% |
| LANVIN GROUP HOLDINGS LIMITE | LANV/WS | 0.0% |
Net Portfolio Value ChangeQ2 2026
- $6.9BPrior quarter
- $8.9BCurrent quarter
- +$2.0BNet delta
- +28.6%% change
Methodology & FAQ
How Aspex Management (HK) Ltd Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Aspex Management (HK) Ltd: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Aspex Management (HK) Ltd buy in Q2 2026?
In Q2 2026, Aspex Management (HK) Ltd initiated 4 new positions (QUALCOMM INC (QCOM), INNIO NV (INIO), NU HLDGS LTD (NU), FORD MTR CO (F)); bought more shares of CARVANA CO (CVNA), COUPANG INC (CPNG), TERADYNE INC (TER), MKS INC. (MKSI), SYNOPSYS INC (SNPS) (the largest 5 of 6 adds).
What stocks did Aspex Management (HK) Ltd sell in Q2 2026?
In Q2 2026, Aspex Management (HK) Ltd fully sold 7 positions (NVIDIA CORPORATION (NVDA), FULL TRUCK ALLIANCE CO LTD (YMM), ATOUR LIFESTYLE HLDGS LTD (ATAT), H WORLD GROUP LTD (HTHT 3 05/01/26), PRENETICS GLOBAL LTD (PRE), VICARIOUS SURGICAL INC (RBOT), LANVIN GROUP HOLDINGS LIMITE (LANV/WS)); reduced holdings in LUMENTUM HLDGS INC (LITE), CORNING INC (GLW), GRAB HOLDINGS LIMITED (GRAB), NEW ORIENTAL ED & TECHNOLOGY (EDU), LANVIN GROUP HOLDINGS LIMITE (LANV).
Which positions did Aspex Management (HK) Ltd initiate in Q2 2026?
Aspex Management (HK) Ltd established 4 new positions in Q2 2026: QUALCOMM INC (QCOM, 13.2%), INNIO NV (INIO, 3.1%), NU HLDGS LTD (NU, 2.5%), FORD MTR CO (F, 1.9%).
Which existing positions saw the largest allocation increases for Aspex Management (HK) Ltd in Q2 2026?
Of 6 existing positions with share-count increases in Q2 2026, the largest were: CARVANA CO (CVNA, +-0.2% weight, +498.8% shares), COUPANG INC (CPNG, +3.1% weight, +137.1% shares), TERADYNE INC (TER, +1.3% weight, +24.9% shares), MKS INC. (MKSI, +4.0% weight, +18.3% shares), SYNOPSYS INC (SNPS, +0.3% weight, +16.6% shares), COREWEAVE INC (CRWV, +1.0% weight, +12.2% shares).
Which positions did Aspex Management (HK) Ltd fully exit in Q2 2026?
Aspex Management (HK) Ltd fully exited 7 positions in Q2 2026: NVIDIA CORPORATION (NVDA, last-reported weight 13.1%), FULL TRUCK ALLIANCE CO LTD (YMM, last-reported weight 2.6%), ATOUR LIFESTYLE HLDGS LTD (ATAT, last-reported weight 1.9%), H WORLD GROUP LTD (HTHT 3 05/01/26, last-reported weight 1.0%), PRENETICS GLOBAL LTD (PRE, last-reported weight 0.1%), VICARIOUS SURGICAL INC (RBOT, last-reported weight 0.0%), LANVIN GROUP HOLDINGS LIMITE (LANV/WS, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for Aspex Management (HK) Ltd in Q2 2026?
Of 5 existing positions with share-count reductions in Q2 2026, the largest were: LUMENTUM HLDGS INC (LITE, -1.2% weight, -57.2% shares), CORNING INC (GLW, -0.8% weight, -41.9% shares), GRAB HOLDINGS LIMITED (GRAB, -0.8% weight, -8.4% shares), NEW ORIENTAL ED & TECHNOLOGY (EDU, -1.4% weight, -0.2% shares), LANVIN GROUP HOLDINGS LIMITE (LANV, -0.0% weight, -0.2% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.