KEYSTONE INVESTORS PTE LTD — Quarter-over-Quarter 13F Allocation Shifts Q4 2025
In Q4 2025, KEYSTONE INVESTORS PTE LTD initiated 39 new positions, increased allocation to 10 existing positions, trimmed 10 positions, and exited 30 positions entirely. The fund's 13F equity book grew from $0.87B to $1.11B (+28.7% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $0.87BPrior quarter
- $1.11BCurrent quarter
- + $0.25BNet delta
- +28.7%% change
New Position Initiations Q4 2025
Securities disclosed for the first time in Q4 2025 that were not present in the prior 13F-HR filing.
Largest Allocation Increases Q4 2025
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| UNITED RENTALS | URI | +1.16% | +6354.15% | Holders → |
| FLOWSERVE CORP | FLS | +1.45% | +6114.87% | Holders → |
| ROBLOX CORP | RBLX | +0.09% | +341.04% | Holders → |
| IREN LIMITED | IREN | +0.03% | +225.61% | Holders → |
| PONY AI INC | PONY | +0.30% | +202.00% | Holders → |
| ULTA BEAUTY INC | ULTA | +1.19% | +196.89% | Holders → |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | +0.08% | +121.26% | Holders → |
| SNOWFLAKE INC | SNOW | +0.23% | +84.98% | Holders → |
| ELI LILLY & CO | LLY | +0.46% | +83.85% | Holders → |
| GENERAL MTRS CO | GM | +0.04% | +76.51% | Holders → |
Largest Allocation Reductions Q4 2025
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| DUTCH BROS INC | BROS | -0.44% | -95.31% | Holders → |
| ATLASSIAN CORPORATION | TEAM | -0.96% | -88.58% | Holders → |
| ATI INC | ATI | -2.11% | -87.21% | Holders → |
| AEROVIRONMENT INC | AVAV | -0.25% | -85.27% | Holders → |
| RIOT PLATFORMS INC | RIOT | -0.70% | -82.23% | Holders → |
| EBAY INC | EBAY | -0.34% | -77.79% | Holders → |
| ORACLE CORP | ORCL | -0.86% | -77.00% | Holders → |
| CARPENTER TECHNOLOGY CORP | CRS | -0.72% | -73.95% | Holders → |
| MIRION TECHNOLOGIES INC | MIR | -1.72% | -64.85% | Holders → |
| MONGODB INC | MDB | -0.05% | -56.44% | Holders → |
Exited Positions Q4 2025
Positions present in the prior 13F-HR filing that no longer appear in Q4 2025.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| TENCENT MUSIC ENTMT GROUP | TME | 6.05% |
| ALIBABA GROUP HLDG LTD | BABA | 4.10% |
| BROADCOM INC | AVGO | 3.33% |
| META PLATFORMS INC | META | 3.29% |
| FULL TRUCK ALLIANCE CO. LTD., ADR | YMM | 2.34% |
| VERTIV HOLDINGS CO | VRT | 2.18% |
| SYNOPSYS, INC. | SNPS | 1.39% |
| BITDEER TECHNOLOGIES GROUP | BTDR | 0.91% |
| SPROUTS FMRS MKT INC | SFM | 0.73% |
| SAP SE - ADR | SAP | 0.72% |
| ON HLDG AG | ONON | 0.61% |
| ZEPP HEALTH CORP | ZEPP | 0.56% |
| BLOOM ENERGY | BE | 0.55% |
| MINISO GROUP HLDG LTD | MNSO | 0.50% |
| UNITEDHEALTH GROUP INC | UNH | 0.50% |
| ROPER TECHNOLOGIES INC | ROP | 0.40% |
| INTUITIVE SURGICAL, INC. | ISRG | 0.35% |
| LOCKHEED MARTIN CORP | LMT | 0.29% |
| ALPHABET INC | GOOGL | 0.18% |
| RTX CORP | RTX | 0.15% |
| YATSEN HLDG LTD | YSG | 0.14% |
| SERVICENOW | NOW | 0.09% |
| SPOTIFY TECHNOLOGY S A | SPOT | 0.09% |
| AMER SPORTS INC | AS | 0.08% |
| COGNEX CORP | CGNX | 0.07% |
| HOME DEPOT INC | HD | 0.07% |
| ZSCALER INC | ZS | 0.05% |
| NETFLIX INC | NFLX | 0.05% |
| UNITY SOFTWARE INC | U | 0.05% |
| O'REILLY AUTOMOTIVE | ORLY | 0.04% |
Methodology & FAQ
How KEYSTONE INVESTORS PTE LTD Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for KEYSTONE INVESTORS PTE LTD against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did KEYSTONE INVESTORS PTE LTD initiate in Q4 2025?
KEYSTONE INVESTORS PTE LTD established 39 new positions in Q4 2025: AMAZON COM INC (AMZN, 6.70%), VANECK ETF TRUST (GDX, 5.16%), ARGAN INC (AGX, 2.57%), GILEAD SCIENCES INC (GILD, 2.29%), BAIDU INC (BIDU, 1.94%), MICRON TECHNOLOGY INC (MU, 1.55%), CREDO TECHNOLOGY GROUP HOLDI (CRDO, 1.48%), SPDR SERIES TRUST (XBI, 1.08%), H WORLD GROUP LTD (HTHT, 0.95%), REDDIT INC (RDDT, 0.93%), MCDONALDS CORP (MCD, 0.86%), QUANTA SERVICES INC (PWR, 0.85%), COGNIZANT TECHNOLOGY SOLUTIO (CTSH, 0.83%), SANDISK CORP/DE (SNDK, 0.59%), MAKEMYTRIP LIMITED MAURITIUS (MMYT, 0.57%), AMPHENOL CORP (APH, 0.52%), ROSS STORES INC (ROST, 0.51%), S&P GLOBAL INC (SPGI, 0.48%), HYATT HOTELS CORP (H, 0.46%), ARROWHEAD PHARMACEUTICALS INC (ARWR, 0.35%), ALNYLAM PHARMACEUTICALS, INC. (ALNY, 0.32%), BWX TECHNOLOGIES (BWXT, 0.27%), PROTAGONIST THERAPEUTICS INC (PTGX, 0.21%), COMFORT SYS USA INC (FIX, 0.12%), DOORDASH INC (DASH, 0.11%), SIGMA LITHIUM CORPORATION (SGML, 0.10%), LIBERTY MEDIA CORP DEL (FWONK, 0.08%), SOLARIS ENERGY INFRASTRUCTURE (SEI, 0.08%), SOLSTICE ADVANCED MATLS INC (SOLS, 0.08%), LOWES COS INC (LOW, 0.07%), IES HOLDINGS INC (IESC, 0.06%), NETEASE INC. - ADR (NTES, 0.06%), GRAB HOLDINGS LIMITED (GRAB, 0.05%), ACCENTURE PLC IRELAND (ACN, 0.05%), CARVANA CO (CVNA, 0.04%), CLOUDFLARE INC (NET, 0.04%), CENTRUS ENERGY CORP (LEU, 0.04%), OKLO INC (OKLO, 0.03%), SHARKNINJA INC (SN, 0.02%).
Which existing positions saw the largest allocation increases for KEYSTONE INVESTORS PTE LTD in Q4 2025?
The largest portfolio-weight increases in existing positions were: UNITED RENTALS (URI, +1.16% weight, +6354.15% shares), FLOWSERVE CORP (FLS, +1.45% weight, +6114.87% shares), ROBLOX CORP (RBLX, +0.09% weight, +341.04% shares), IREN LIMITED (IREN, +0.03% weight, +225.61% shares), PONY AI INC (PONY, +0.30% weight, +202.00% shares), ULTA BEAUTY INC (ULTA, +1.19% weight, +196.89% shares), TAIWAN SEMICONDUCTOR MANUFAC (TSM, +0.08% weight, +121.26% shares), SNOWFLAKE INC (SNOW, +0.23% weight, +84.98% shares), ELI LILLY & CO (LLY, +0.46% weight, +83.85% shares), GENERAL MTRS CO (GM, +0.04% weight, +76.51% shares).
Which positions did KEYSTONE INVESTORS PTE LTD fully exit in Q4 2025?
KEYSTONE INVESTORS PTE LTD fully exited 30 positions in Q4 2025: TENCENT MUSIC ENTMT GROUP (TME, last-reported weight 6.05%), ALIBABA GROUP HLDG LTD (BABA, last-reported weight 4.10%), BROADCOM INC (AVGO, last-reported weight 3.33%), META PLATFORMS INC (META, last-reported weight 3.29%), FULL TRUCK ALLIANCE CO. LTD., ADR (YMM, last-reported weight 2.34%), VERTIV HOLDINGS CO (VRT, last-reported weight 2.18%), SYNOPSYS, INC. (SNPS, last-reported weight 1.39%), BITDEER TECHNOLOGIES GROUP (BTDR, last-reported weight 0.91%), SPROUTS FMRS MKT INC (SFM, last-reported weight 0.73%), SAP SE - ADR (SAP, last-reported weight 0.72%), ON HLDG AG (ONON, last-reported weight 0.61%), ZEPP HEALTH CORP (ZEPP, last-reported weight 0.56%), BLOOM ENERGY (BE, last-reported weight 0.55%), MINISO GROUP HLDG LTD (MNSO, last-reported weight 0.50%), UNITEDHEALTH GROUP INC (UNH, last-reported weight 0.50%), ROPER TECHNOLOGIES INC (ROP, last-reported weight 0.40%), INTUITIVE SURGICAL, INC. (ISRG, last-reported weight 0.35%), LOCKHEED MARTIN CORP (LMT, last-reported weight 0.29%), ALPHABET INC (GOOGL, last-reported weight 0.18%), RTX CORP (RTX, last-reported weight 0.15%), YATSEN HLDG LTD (YSG, last-reported weight 0.14%), SERVICENOW (NOW, last-reported weight 0.09%), SPOTIFY TECHNOLOGY S A (SPOT, last-reported weight 0.09%), AMER SPORTS INC (AS, last-reported weight 0.08%), COGNEX CORP (CGNX, last-reported weight 0.07%), HOME DEPOT INC (HD, last-reported weight 0.07%), ZSCALER INC (ZS, last-reported weight 0.05%), NETFLIX INC (NFLX, last-reported weight 0.05%), UNITY SOFTWARE INC (U, last-reported weight 0.05%), O'REILLY AUTOMOTIVE (ORLY, last-reported weight 0.04%).
Which existing positions saw the largest allocation reductions for KEYSTONE INVESTORS PTE LTD in Q4 2025?
The largest portfolio-weight reductions in positions kept open were: DUTCH BROS INC (BROS, -0.44% weight, -95.31% shares), ATLASSIAN CORPORATION (TEAM, -0.96% weight, -88.58% shares), ATI INC (ATI, -2.11% weight, -87.21% shares), AEROVIRONMENT INC (AVAV, -0.25% weight, -85.27% shares), RIOT PLATFORMS INC (RIOT, -0.70% weight, -82.23% shares), EBAY INC (EBAY, -0.34% weight, -77.79% shares), ORACLE CORP (ORCL, -0.86% weight, -77.00% shares), CARPENTER TECHNOLOGY CORP (CRS, -0.72% weight, -73.95% shares), MIRION TECHNOLOGIES INC (MIR, -1.72% weight, -64.85% shares), MONGODB INC (MDB, -0.05% weight, -56.44% 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.