Aspex Management (HK) Ltd: SEA LTD (SE): Quarterly 13F Position History
As of Q1 2026, Aspex Management (HK) Ltd reported 4,870,097 shares of SEA LTD (SE), worth $403.3M and representing 5.8% of its 13F equity book. Quarter-over-quarter share count change: + 1,497,081 (+44.4%) . The position first appeared in Q4 2019 and has been disclosed across 26 13F-HR filings in Pactolio's tracked window.
- 4,870,097Shares Held (Latest Filing)
- $403.3MReported Market Value (Latest Filing)
- 5.8%Portfolio Weight (% of 13F Equity Book)
- +1,497,081Quarter-over-Quarter Share Change
- -$27.0MQuarter-over-Quarter Value Change
- 7,428,729Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 26 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 4,870,097 | +1,497,081 | +44.4% | $403.3M | 5.8% | $82.8 |
| Q4 2025 | 3,373,016 | 918,353 | -21.4% | $430.3M | 8.7% | $127.6 |
| Q3 2025 | 4,291,369 | 889,529 | -17.2% | $767.0M | 16.4% | $178.7 |
| Q2 2025 | 5,180,898 | 667,308 | -11.4% | $828.6M | 18.0% | $159.9 |
| Q1 2025 | 5,848,206 | +952,391 | +19.5% | $763.1M | 19.7% | $130.5 |
| Q4 2024 | 4,895,815 | 60,667 | -1.2% | $519.4M | 14.0% | $106.1 |
| Q3 2024 | 4,956,482 | +674,379 | +15.7% | $467.3M | 12.4% | $94.3 |
| Q2 2024 | 4,282,103 | 3,146,626 | -42.4% | $305.8M | 6.5% | $71.4 |
| Q1 2024 | 7,428,729 | +641,845 | +9.5% | $399.0M | 10.8% | $53.7 |
| Q4 2023 | 6,786,884 | +800,000 | +13.4% | $274.9M | 8.1% | $40.5 |
| Q3 2023 | 5,986,884 | +140,600 | +2.4% | $263.1M | 8.1% | $44.0 |
| Q2 2023 | 5,846,284 | +345,000 | +6.3% | $339.3M | 9.9% | $58.0 |
| Q1 2023 | 5,501,284 | 998,115 | -15.4% | $476.1M | 11.7% | $86.5 |
| Q4 2022 | 6,499,399 | +1,185,503 | +22.3% | $338.2M | 9.5% | $52.0 |
| Q3 2022 | 5,313,896 | +747,083 | +16.4% | $297.8M | 8.8% | $56.0 |
| Q2 2022 | 4,566,813 | +2,931,088 | +179.2% | $305.3M | 7.7% | $66.9 |
| Q1 2022 | 1,635,725 | +1,635,725 | — | $195.9M | 8.0% | $119.8 |
| Q4 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2020 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2020 | 0 | 187,413 | -100.0% | $0 | 0.0% | — |
| Q2 2020 | 187,413 | +187,413 | — | $20.1M | 2.5% | $107.2 |
| Q1 2020 | 0 | 1,823,151 | -100.0% | $0 | 0.0% | — |
| Q4 2019 | 1,823,151 | — | — | $73.3M | 13.3% | $40.2 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Aspex Management (HK) Ltd first disclose a SE position in 13F-HR filings?
Aspex Management (HK) Ltd first reported SEA LTD (SE) on its 13F-HR filing for the period ending 2019-12-31 (Q4 2019). The position has appeared on 26 reported quarters within Pactolio's tracked window.
What was Aspex Management (HK) Ltd's most recent quarter-over-quarter share-count change in SE?
Between Q4 2025 and Q1 2026, Aspex Management (HK) Ltd added 1,497,081 shares of SE (+44.4%), bringing the total reported position to 4,870,097 shares at a market value of $403.3M.
Does the implied price-per-share represent Aspex Management (HK) Ltd's cost basis in SE?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.