Yong Rong (hk) Asset Management Ltd 13F annual report
Yong Rong (hk) Asset Management Ltd is an investment fund managing more than $289 million ran by Erwin Tsui. There are currently 14 companies in Mr. Tsui’s portfolio. The largest investments include Pinduoduo Inc and NVIDIA Corp, together worth $117 million.
$289 million Assets Under Management (AUM)
As of 19th July 2024, Yong Rong (hk) Asset Management Ltd’s top holding is 503,300 shares of Pinduoduo Inc currently worth over $66.9 million and making up 23.1% of the portfolio value.
In addition, the fund holds 405,200 shares of NVIDIA Corp worth $50.1 million, whose value fell 79.8% in the past six months.
The third-largest holding is Facebook Inc worth $46.7 million and the next is Apple Inc worth $33.1 million, with 157,300 shares owned.
Currently, Yong Rong (hk) Asset Management Ltd's portfolio is worth at least $289 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Yong Rong (hk) Asset Management Ltd
The Yong Rong (hk) Asset Management Ltd office and employees reside in Sheung Wan, Hong Kong. According to the last 13-F report filed with the SEC, Erwin Tsui serves as the Operations at Yong Rong (hk) Asset Management Ltd.
Recent trades
In the most recent 13F filing, Yong Rong (hk) Asset Management Ltd revealed that it had opened a new position in
Facebook Inc and bought 92,550 shares worth $46.7 million.
The investment fund also strengthened its position in Pinduoduo Inc by buying
243,000 additional shares.
This makes their stake in Pinduoduo Inc total 503,300 shares worth $66.9 million.
On the other hand, there are companies that Yong Rong (hk) Asset Management Ltd is getting rid of from its portfolio.
Yong Rong (hk) Asset Management Ltd closed its position in Palantir Technologies on 25th July 2024.
It sold the previously owned 3,688,100 shares for $59 million.
Erwin Tsui also disclosed a decreased stake in Aurora Cannabis Inc by 0.9%.
This leaves the value of the investment at $693 thousand and 150,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Yong Rong (hk) Asset Management Ltd are Kdi Capital Partners and Qpula Trading Management L.P.. They manage $290 million and $289 million respectively.
Erwin Tsui investment strategy
Yong Rong (hk) Asset Management Ltd’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 19.4% of
the total portfolio value.
The fund focuses on investments in the United States as
21.4% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
21% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $492 billion.
The complete list of Yong Rong (hk) Asset Management Ltd trades based on 13F SEC filings
These positions were updated on July 25th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Pinduoduo Inc |
93.35%
503,300
|
$66,914,000 | 23.12% |
| Palantir Technologies Inc. |
Closed
3,688,100
|
$59,010,000 | |
| NVIDIA Corp |
2,905.93%
405,200
|
$50,059,000 | 17.30% |
| Facebook Inc |
Opened
92,550
|
$46,666,000 | 16.12% |
| Apple Inc |
Opened
157,300
|
$33,131,000 | 11.45% |
| Taiwan Semiconductor Mfg Ltd |
Opened
151,250
|
$26,289,000 | 9.08% |
| Ishares Bitcoin Tr |
Opened
736,561
|
$25,147,000 | 8.69% |
| Ispire Technology Inc |
68.64%
1,669,515
|
$13,357,000 | 4.62% |
| Vaneck Vectors Etf Tr |
Opened
300,000
|
$10,179,000 | 3.52% |
| Bilibili Inc |
Opened
400,000
|
$6,176,000 | 2.13% |
| Alibaba Group Hldg Ltd |
Opened
70,000
|
$5,040,000 | 1.74% |
| Spdr Ser Tr |
Opened
60,000
|
$3,560,000 | 1.23% |
| Rlx Technology Inc |
Closed
1,900,000
|
$2,869,000 | |
| Acm Resh Inc |
Closed
150,000
|
$2,716,000 | |
| Yatsen Hldg Ltd |
Closed
1,312,451
|
$1,313,000 | |
| Freeport-McMoRan Inc |
Opened
25,000
|
$1,215,000 | 0.42% |
| Futu Hldgs Ltd |
Opened
15,000
|
$985,000 | 0.34% |
| Aurora Cannabis Inc |
90.00%
150,000
|
$693,000 | 0.24% |
| Atrenew Inc |
Closed
211,250
|
$482,000 | |
| Genetron Hldgs Ltd |
Closed
322,082
|
$262,000 | |
| Tesla Inc |
Closed
700
|
$176,000 | |
| No transactions found | |||
| Showing first 500 out of 21 holdings | |||
Hedge funds similar to Yong Rong (hk) Asset Management Ltd
- Cobalt Capital Management, Inc
- Scott & Selber
- Packer & Co Ltd
- Shine Investment Advisory Services Inc
- Ancora Inverness
- Radnor Advisors
- Kdi Capital Partners
- Qpula Trading Management L.P.
- Johanson Advisors
- Ogorek Anthony Joseph ny adv
- Alphamark Advisors
- Dcm International Iv, Ltd
- Stewardship Advisors
- Hall Laurie J Trustee